Rx Processing Corporation (OTC:RXPC) announces a return to full operations. Our goal: a continuing advocacy to the achievement of affordable health care through innovative and integrated health care management processes for the under and uninsured. Our action to resume operations further ensures continued national market competition, thus reducing the cost and improving access to life saving prescription medications and laboratory diagnostic products.
Rx Processing Corp. understands today, more than ever, an individual's susceptibility to preventable diseases due to limited access of life saving products and services. We offer newly architected medical care fulfillment channels that appropriately fit the needs of our citizens. The pinnacle of this phased implementation throughout the following days will highlight innovative processes and management control that directly competes with major retailers and distributors.
U.S. healthcare distribution is controlled by access to clients, products, facilities, and information. Our advocacy established a core foundation and knowledge to compete in this arena. The pause in distribution in August of 2006 allowed us to realign our resources; and focus on critical elements associated with architecting a unique stand alone environment.
"Our corporate experience in service to our target clients has enlightened and changed priorities from being critical of industry and government to the recognition of a common goal, a mutual effort to achieve safe, affordable health care solutions that serve the needs of individuals having experienced the pitfalls of the current national health care architecture," stated CEO Peter Fiorillo. "Today it is with great pleasure we announce to all concerned citizens, spread the word, Rx Processing Corp. is sequentially implementing normal operations."
Rx Processing Corp. is an innovator in the distribution of pharmaceutical medications and laboratory diagnostics managed at storefront locations with a direct to consumer delivery business model for under and uninsured clients' health care needs. Our technology platform services the needs of U.S. citizens with our secure RxPC advocacy program, independent pharmacy consultant program, and corporate friendly ordering system for laboratory testing and prescription medications through licensed pharmacies in the United States and CLIA-certified patient service centers. The company provides access to FDA approved brand-name and generic medications, thousands of laboratory diagnostics with access to 4,000+ CLIA-certified patient service centers for specimen collection. Rx Processing Corp. estimates that more than 48 million United States citizens would benefit from these company programs.
Safe Harbor Statement:
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e. operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
Nexia Holdings, Inc. (OTCBB: NEXH), a diversified holding company with operations in real estate, health & beauty, and the fashion retail industry, announced today it expects to report record revenues for the year ended December 31, 2006. The Company announced preliminary, unaudited total revenues of $1,874,568 for the year ended December 31, 2006, representing an increase of 378%, compared to total revenues of $392,414 reported for the year ended December 31, 2005.
Revenues from salon and fashion operations account for $1,623,702 of the total 2006 revenues (unaudited). Fourth quarter revenues were $380,108 for Landis Lifestyle Salon ("Landis") and $297,689 for Gold Fusion Laboratories, operator of the Black Chandelier retail franchise. Both entities showed impressive revenue increases from the immediately preceding quarters.
Nexia Holdings, Inc. CEO Richard Surber noted, "Same store comparisons can not be done on a year-over-year basis, as three of our four Black Chandelier retail locations opened late in 2006. Our location in Trolley Square, however, is nearing its third year of operations, and showed remarkable improvement. Comparable same stores sales for Trolley Square increased 55% to $287,046 in 2006 from $185,426 reported in 2005.
"Landis began operations in November of 2005, providing comparable sales information for the month of December. Landis reported $151,027 in sales for the month of December 2006, an increase of 87%, compared to sales of $80,663 for the month of December 2005. Our goal is to increase revenues by 40% for the single Landis location during 2007. Landis' gross annual revenues are expected to increase from $1.33 million (unaudited) in 2006 to $1.9 million for 2007. Additional locations to be rolled out in 2007 could further increase Landis' annual revenues. Expansion plans call for the opening of two additional studios during the next 12 to 18 month period as trained personnel and funding become available," added Surber.
Surber concluded, "I am very optimistic that 2007 will be another record breaking year for Nexia as we further develop and grow our operations. Nexia's current plans are to open at least 50 additional Black Chandelier retail locations throughout the United States over the next five years. Our goal is to achieve $50 million in gross annual revenues by the fifth year of operations for Black Chandelier. This goal is driven by an aggressive expansion strategy, but we believe it is feasible provided we are able to raise sufficient capital to fund our growth."
Gold Fusion Laboratories currently operates 3 Black Chandelier retail locations in Salt Lake, one store in Provo, Utah, and an online store at www.blackchandelier.biz. Black Chandelier designs, produces, and manufactures a majority of the items sold under the trademarks: Black Chandelier, Jared Gold, Olfactory Surrealism and Pink Chandelier. The stores also carry merchandise from Wrangler Jeans, Le Sportsac, Taschen books, Lomography Cameras, and Tokidoki Italy. To find additional information about Black Chandelier go to www.blackchandelier.com.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (OTCBB: NEXH) is a diversified holding company focused on three areas of development: Real Estate -- seeks out the acquisition and renovation of undervalued real estate properties which have the potential to increase in value and generate positive cash flows. Health & Beauty -- owns a majority interest in Landis Lifestyle Salon, http://www.landissalon.com, a successful, revenue generating hair salon built around the world-class AVEDA(TM) product line. Fashion Retail -- focuses on those designers with signature style and who have proven themselves in the fashion industry across multiple vertical markets. The Company has ownership in Black Chandelier, www.blackchandelier.com, an innovative women's clothing designer and retailer. For more information, visit http://www.nexiaholdings.com.
This press release contains forward-looking statements that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Black Chandelier operation in a short period of time. The above statements further assume that Nexia can obtain sufficient capital to execute expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the design and manufacture of Black Chandelier products on a substantially larger scale. Nexia's assumptions are further contingent upon the appeal of its products and concepts to at least one major or national REIT or other retail shopping mall owner. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
LAS VEGAS, NV -- (MARKET WIRE) -- 01/17/07 -- Seamless Wi-Fi, Inc. (OTCBB: SLWF) today provided an update on results from the company's presence at the 2007 Consumer Electronics Show in Las Vegas January 8-11.
"Without a doubt exhibiting at the 2007 Consumer Electronics Show was worth the time, energy and expense as it provided an unparalleled launch pad for our S-XGen Ultra Mobile Personal Computer and Communications Device," stated Albert Reda, Chairman and CEO of Seamless Wi-Fi, Inc.
"The expertise of the press and analysts attending S-XGen demonstrations provided invaluable feedback and validated our product design and specifications," continued Mr. Reda. "The interest of the distributors, retailers and end-users we met with provided the impetus for us to more than triple planned Q1 production. And the exposure brought about by our entire team conducting over 1,000 individual product demos, resulting in over 130 articles, interviews and ****s reporting on the S-XGen, has yielded over 30 million media impressions."
Links to media covering the S-XGen include:
CNET, "CES: Seamless Internet's SX-GEN Ultra Mobile PC packs it in to 11 oz." (http://****s.zdnet.com/Berlind/?p=282)
San Jose Mercury News, "A Swiss Army knife handheld" (http://www.mercextra.com/****s/ces/2007/01/07/a-swiss-army-knife-handheld/)
MS Mobiles: "CES 2007: video interview about S-XGen Pocket PC phone with FULL-SIZE Qwerty keyboard" (http://msmobiles.com/news.php/5947.html)
More links to news and articles will be posted on the www.slwf.net website in the coming weeks. In addition, the company will be reporting on Phenom 3.0 results from CES later this week.
The S-XGen is the newest contender in the rapidly expanding Ultra Mobile Personal Computer (UMPC) class of minicomputers and takes connectivity to the next level with integrated Cellular, Wi-Fi and Bluetooth connectivity. More S-XGen information is available at www.slwf.net, where interested parties can view the device and specifications and register to receive Seamless News.
About Seamless Wi-Fi
Seamless Wi-Fi, Inc. (www.slwf.net) is based in Las Vegas, Nevada, with three operating subsidiaries: Seamless Skyy-Fi, Inc. (www.skyyfi.com), Seamless Peer 2 Peer, Inc. (www.seamlessp2p.net) and Seamless Internet (www.seamlessinternet.com).
Seamless Skyy-Fi is forging a network of Wi-Fi Hot Spots in targeted geographic and vertical markets across the country and has achieved initial success providing hotel and retail Wi-Fi hotspots. Seamless Skyy-Fi is also the developer of the software program that provides the Wi-Fi user a Secure Internet Browsing (SIB) that encrypts the user's Wi-Fi signal.
Seamless Peer 2 Peer develops Phenom(TM) Virtual Internet Extranet encryption software, which provides SOX- and HIPAA-compliant secure peer mail, chat, file transfer, remote PC access, secure VoIP, video conferencing and white boarding in a two Mb client download.
Seamless Internet offers high security hosting services for Seamless Peer 2 Peer and Skyy-Fi clients and is not available for general public hosting services. Seamless Internet is also manufacturing and marketing the S-XGen combination phone & mini-computer.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as SLWF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
posted
CMEG (.139) Submits Studio Proposal at Former Marine Corps Air Station in Tustin 1/17/2007
IRVINE, Calif., Jan 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Camelot Entertainment Group (OTC Bulletin Board: CMEG) today announced that its proposal to develop "Camelot Studios at ATEP" (Advanced Technology and Education Park) in Tustin, California was formally received on January 16 as one of 13 proposals to the South Orange County Community College District's (SOCCCD) Board of Directors, and that the formal review process of these proposals by the College District has begun.
ATEP, located on nearly 70 acres at the former Marine Corps Air Station in Tustin, is the proposed educational and technology campus designated for the SOCCCD as part of the base's reuse process.
Camelot Entertainment Group is joined by Lowe Enterprises, a diversified national real estate company active in commercial, hospitality and residential property investment, management and development; Bastien and Associates, Inc., an architectural and planning firm that has done work for a number of studio projects including Universal, Warner Brothers and Paramount; and numerous other partners in submitting the "Camelot Studios at ATEP" proposal.
Forward-Looking Statements
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Investor Relations Paul Knopick E & E Communications (949) 707-5365 pknopick*pacbell.net Camelot Entertainment Group Michael B. Ellis, COO 949/777-1090
SOURCE Camelot Entertainment Group
Investor Relations, Paul Knopick of E & E Communications, +1-949-707-5365, pknopick*pacbell.net, for Camelot Entertainment Group; or Michael B. Ellis, COO of Camelot Entertainment Group, +1-949-777-1090 http://www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Cal-Bay International Announces Funding Approval for $400M Southern Louisiana Residential/Commercial Golf Course Development Project
Jan 18, 2007 08:31:22 (ET)
CARLSBAD, Calif., Jan 18, 2007 (BUSINESS WIRE) -- Cal-Bay International, Inc. (CBAY, Trade ) announces funding approval for acquisition & development of Lafayette, Southern Louisiana golf course development property.
Cal-Bay Internationals Board of Directors today announced the company has successfully acquired funding approval from a recognized financial institution and has completed the final due diligence phase of the company's planned acquisition of the Lafayette, Southern Louisiana golf course development property that has been in transition since the last quarter of 2006.
The 177 acre, mixed use residential and commercial golf course development is mapped to include the construction of 500-1000 single family residences simultaneously with a 10 acre commercial/retail facility development. The project has been approved for development, and the initial phases of residential construction were initiated in 2006.
Construction financing has been secured by Cal-Bay for the project by a recognized financial institution and the project is expected to restart as soon as the acquisition has been formally closed by Cal-Bay.
Company VP Bill Sickert quoted: "This project represents Cal-Bay's largest single development acquisition to date and we are very excited to begin construction shortly after closing. We fully expect that this will create a substantial new asset base for the company, investors and shareholders. As we work to enhance company valuation through beneficial acquisitions such as this. The addition of this project to our portfolio of residential and commercial properties will add substantially to the underlying book value of the company. This is an important step in the structuring of Cal-Bay to place it into a position to be able to grow its portfolio of assets into the future. Our shareholders can look forward to more announcements in the coming months regarding our commitment to increasing shareholder value as a result of our continued efforts. This project is expected to generate $400M in revenue over the next 3 years and is expected to add $100+M to Cal-Bay's bottom line upon completion."
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc. Tim Garlin, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com
UPDA Subsidiary West Oil & Gas, Inc. To Acquire Producing Natural Gas Leases in Palo Pinto County, Texas - Masaood Group Commits Additional Funding
Thursday , January 18, 2007 02:08ET
DALLAS, Jan 18, 2007 (BUSINESS WIRE) -- With its Canyon Creek and Catlin subsidiaries continuing their successful operations in Texas, Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has designated its West Oil & Gas, Inc. subsidiary, a joint venture with the Masaood Group (www.masaood.com), to undertake a new acquisition in Palo Pinto County.
West Oil is presently completing its due diligence on this acquisition which is scheduled to close in February for a purchase price of approximately $4.5 million.
The property consists of 600 acres with 13 wells, 10 of which produced approximately 960 mcfg/d in December, 2006, generating over $200,000.00 in monthly revenue. The remaining 3 wells will be reworked or recompleted upon close of the transaction resulting in the further increase of these production and revenue figures.
The wells are currently being produced from the Strawn and Conglomerate formations at depths ranging from 400-3100 feet. Seven of the wells have about 150 feet of Barnett Shale behind pipe. West expects to substantially increase the production from the property within a short time after completion of the acquisition by bringing the shut in wells online and by commencing production from the Barnett Shale.
"We are very excited to finally activate this joint venture with UPDA," said Masaood spokesman Rene Kronvold, also a Vice President of West. "For many months, we have been watching the great successes of the other UPDA subsidiaries with much anticipation. The present production from these leases coupled with the likely production increases from the additional wells and formations makes us most confident that this investment will reap impressive returns."
"We appreciate the confidence that the Masaood Group has shown in UPDA," reports UPDA Vice President Chris McCauley. "They have been anxious to get to work with us and we look forward to a long and mutually profitable relationship. We have been closely monitoring the growing demand for natural gas in the United States and see that it is now reaching record levels. This transaction greatly expands UPDA's holdings in another energy resource with great potential and in which we intend to grow our business. We expect this acquisition to be the first of many both with Masaood as well as producing large amounts of natural gas."
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
SOURCE: Universal Property Development and Acquisition Corporation
Universal Property Development and Acquisition Corporation Investor Relations Jack Baker, 561-630-2977 info*updac.com
Copyright Business Wire 2007
-------------------- " Cash is King "
IP: Logged |
posted
SkyBridge Technology Group, Inc. (SBTG) Announces Its Subsidiary (Sierra Pacific Aviation, Inc.) Has Added Three New Properties to the Existing Airpark Subdivisions Jan 18, 2007 9:00:00 AM Copyright Business Wire 2007 LAS VEGAS--(BUSINESS WIRE)--
SkyBridge Technology Group, Inc.'s (OTC:SBTG) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation, Inc., has added three new properties -- Seven Bays, WA; Melba, ID; and Wickenburg, AZ -- to the existing airpark subdivisions available. These projects include single-family residences and lots in some of the West's best airparks. Prices range from mid-$20,000 to $500,000 or more. These pilot-friendly havens provide recreational amenities and airport access for owners. "In this market we see excellent opportunities for investors and vacation-home buyers," stated Brent Neville, President of Sierra Pacific. "With the utility of aircraft, many of our buyers can bridge time and distance that is not an option for others," Neville continued. Sierra Pacific focuses on aviation-related real estate and has several repeat customers in the residential, commercial and development of this market niche. Sierra Pacific's expertise in aviation-related real estate gives both buyers and sellers an excellent resource in this specialized market.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of SBTG officials are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
Source: SkyBridge Technology Group, Inc.
---------------------------------------------- SkyBridge Technology Group Inc. James Wheeler Chairman & CEO 702-897-8704 E-mail: info*sbtginc.com or investor*sbtginc.com http://www.sbtginc.com or Sierra Pacific Aviation http://www.sierrapacificaviation.com
IP: Logged |
Cyberlux Corporation (OTC Bulletin Board: CYBL), a developer and manufacturer of solid-state lighting solutions, announced today that the Company intends to introduce breakthrough lighting products created through the combination of the hybrid organic / inorganic white and multi-color lighting technology acquired from the University of California-Santa Barbara with the Scattered Photon Extraction(TM) (SPE) technology acquired from Rensselaer Polytechnic Institute. Cyberlux will commercialize the resulting proprietary lighting technology as "Hybrid White Light" (HWL) and "Hybrid Multi-color Light" (HML). The resulting lighting technology will yield a lower cost, more energy-efficient lighting source than currently available in solid-state light-emitting diode (LED) solutions.
Traditional LED lighting sources produce light when a solid-state material emits a photon through a phosphor downconversion material to create white and multi-color light. With HWL and HML, the phosphor is replaced with a less costly, more efficient polymer or organic film downconversion material. In addition, the use of the SPE technology further improves the light output and efficacy of the resulting light source. Because of the fundamental difference in the nature of the HWL and HML technologies, Cyberlux intends to broadly market the technology across large lighting industry market segments through OEM licensing and Cyberlux product solutions for direct and indirect task and accent lighting applications, indoor/outdoor down-lighting applications, residential and office lighting applications, and military and Homeland Security applications.
"By combining the two technologies acquired from these leading solid-state lighting research institutes, we are positioned to introduce breakthrough lighting products to the entire lighting industry," observed Mark D. Schmidt, president and chief operating officer of Cyberlux. "Our Company's ability to commercialize innovative, proprietary lighting technologies such as HWL and HML, either in our unique products or through an OEM licensing model, will capture the opportunity for major advances in the lighting industry where low cost, energy efficient lighting solutions will be in high demand for the foreseeable future," concluded Schmidt.
The Company acquired the worldwide exclusive rights to patent 5,966,393 "Hybrid Light-Emitting Sources for Efficient and Cost Effective White Lighting and for Full-Color Applications" from the University of California - Santa Barbara through a restricted stock transaction between Cyberlux Corporation, UTEK and the University, which include capital for the acceleration of the technology commercialization. The technology patent defines the method and practice for creating a white or multi-colored lighting source by combining the photoluminescence of polymers and/or organic films with photon emissions from a solid-state inorganic light source. The principle inventors include Nobel Laureate Dr. Alan Heeger and Dr. Steven DenBaars, Professor of Materials and Co-Director of the Solid-State Lighting Center at the University of California-Santa Barbara, who will advise the Company on the hybrid organic/inorganic lighting technology commercialization.
Earlier in November 2006, Cyberlux acquired the worldwide exclusive rights to the pending patents for the Scattered Photon Extraction(TM) technology and methods developed at Rensselaer Polytechnic Institute. The SPE technology enables light-emitting sources to operate at a higher luminous efficacy where traditional phosphor, or downconversion materials such as photoluminescence polymers and/or organic films as defined by patent 5,966,393, are placed at locations remote from the photon-emitting solid-state inorganic light source. Specifically, the use of the SPE methods result in a greater than 60 % improvement in light output and efficacy compared to standard commercial white LEDs.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Aeon products bring the newly developed, virtually heatless light into the home for use in closets, cabinet interiors and under cabinet lighting for kitchen counters. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(TM) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit www.cyberlux.com.
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to raise the capital required in completing the acquisition proposed. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2005 and its 10-QSB for the quarter ended September 30, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: Cyberlux Corporationwww.quotemedia.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
NMKT (.382) Releases Update on $120 Million 2007 Revenue Forecast, $500 Million 2010 Revenue Goal and Dividend Distributions
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
NewMarket Technology, Inc. (OTCBB:NMKT) today released a letter to shareholders from CEO Philip Verges providing details on the Company's plans to build revenue and profits in 2007 and to issue shareholder dividends. NewMarket estimates 2006 revenue at $70 million with record profits. The Company has forecasted $120 million in 2007 revenue through an organic increase in sales alone. Management may increase the 2007 revenue forecast given any acquisitions closed during the year. NewMarket's high growth plans are long-term, with an announced corporate goal of reaching $500 million in revenue by 2010.
The letter to shareholders is included in its entirety below.
Dear Fellow Shareholders:
NewMarket finished 2006 with a bang. We met our $70 million revenue forecast, though still subject to an audit review. Profits hit a record $2.7 million for the first three quarters of 2006 alone. By dedicating a few extra days of work over the holidays, NewMarket was able to increase fourth quarter profits to deliver record profits for 2006 overall. Again, all 2006 results are subject to audit review. We also listed our first subsidiary. With the independent listing of our Chinese operation the wheels have been set in motion to create shareholder dividend opportunities where NewMarket shareholders will receive stock in NewMarket's independently listed subsidiaries.
NewMarket has entered 2007 with momentum. The Company has already signed a $15 million 3 year contract. I am in New York this week working on the independent public listing of two more NewMarket subsidiaries. We expect to complete the transactions to list our Latin American operations and Wi-Fi operations within the first quarter of 2007. Next week I will be in Shanghai and Singapore with our independent auditor preparing for our March report of audited 2006 financials. We are also advancing efforts to independently list our operations in Singapore as NewMarket South East Asia. With Vietnam's recent acceptance into the World Trade Organization (WTO), the entire South East Asian region is an ideal opportunity for NewMarket. In Asia, Vietnam is second only to China in annual economic growth at 8.2 percent with $9.5 billion in foreign investment last year.
Utilizing Independently Listed Subsidiaries to Enhance Overall Shareholder Value
An integral part of NewMarket's long-term business plan is to independently list subsidiaries, while the parent company retains and maintains a majority interest to allow for consolidation of subsidiary financials into NewMarket's financials. In addition, the subsidiary listings offer investors interested in a specific market sector or geographical region of operations to be able to invest in a focused investment, or "pure play." Initial terms of the majority interests involve a NewMarket Technology owned preferred stock with "no dilution" provisions, offering an initial incentive to delay conversion of the preferred stock. Upon conversion of the preferred stock of each subsidiary, NewMarket will declare a shareholder of record date, dividend ratio and dividend distribution date for the subsidiary stock dividends to NewMarket shareholders.
NewMarket China, Inc.
In the fourth quarter of last year, NewMarket Technology completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP). 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.
NewMarket has announced a letter of intent (LOI) agreement to combine its Latin America 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 America operations located in Venezuela, Brazil and Chile and has a 2007 revenue forecast of $30 million and with profits.
NewMarket Broadband, Inc.
NewMarket and Diamond I, Inc. (OTCBB:DMOI) have entered into a letter of intent agreement to consolidate Wi-Fi technology assets with $10 million in revenue forecasted in 2007. NewMarket will be the majority shareholder in Diamond and the companies will pursue Wi-Fi opportunities within multiple industries. With the addition of NewMarket's resources, one such opportunity exists with Diamond's proprietary encrypted hand-held gaming system targeted at the casino and gaming industry. Substantial revenue enhancement is offered to the gaming industry with wireless gaming. Wireless gaming does not require the gaming participants to be on the casino floor in order to gamble, yet provides the encryption and security necessary to abide by gaming regulations.
2007 NewMarket Shareholder Outlook
In the fourth quarter of 2006, Beacon Equity Research issued an independent analyst report rating NewMarket as an "Outperform" with a fair market value of $0.78 PPS compared to the current $0.38 PPS. The research report did not take into account the overall shareholder value benefit of NewMarket's dividend plan. We are working diligently to issue the first dividend. The details of the first dividend will be released when finalized. After the first dividend distribution we will ask Beacon to update their research report on NewMarket.
We are dedicated to communicating our progress toward building a globally recognized new business model for the continuous introduction of new technologies to new markets. In addition to our frequent press releases, we are making a concerted effort to personally present the company's progress in public venues. We welcome all shareholders and interested investors to attend these periodic company presentations. So, please keep a look out for a presentation in your area as future dates are announced.
Best Regards,
Philip Verges
CEO and Chairman
NewMarket Technology, Inc.
Source: NewMarket Technology, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
iFinix Announces New Partnership With ************ iFinix Corporation (PINKSHEETS: INXR) announced today that it has entered into a Strategic Partnership Agreement with ************, Inc. (ISI) to showcase the Company's Phoenix suite of flexible and powerful market data system and trading platform designed for virtually every level of investor, from institutional analyst to private individual.
************, Inc. (ISI) is an innovative multimedia relations/public relations firm, specializing in enhancing the visibility and market presence of emerging growth companies and their products. ISI maintains a diversified team of seasoned professionals with strong backgrounds and extensive expertise in the areas of product marketing.
According to Alexander Farennikov, Director of IT for ************, "We have been engaged for some time in a search for a comprehensive solution to answer the increasing demands of the investment public. Today's market observer requires reliable, detailed, timely data in a format that can be customized to the individual user's unique needs. In iFinix, we are confident that we have found a company that has developed a powerful yet flexible platform that we believe has the potential to enhance significantly our ability to provide valuable market data to the public."
iFinix chairman Dhruvnanand Budhu stated, "We are very pleased to have ************ spearhead our initial marketing campaign for the phoenix suite of products. It is because ************'s has demonstrated that their unique business development and partnership approach delivers significant results for their clients, that we anticipate a dramatic increase in our customer base and annual revenues."
About iFinix
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
VGCP (.04) Announces Agreement to Acquire American Select Insurance Management Corporation Revenue Contracts and Nia Corporation
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Viking Capital Group, Inc. (Pink Sheets: VGCP), announces today that its wholly owned subsidiary, Viking Insurance Services, Inc., has agreed to acquire from American Select Insurance Management Corporation, a privately held insurance management, insurance marketing and insurance administrative company, having offices in Denver, Colorado and Pennsylvania, all of the existing and future revenues of American Select. American Select monthly revenues currently approximate $1.4 million. In addition, Viking has agreed to acquire all of the issued and outstanding common stock of NIA Corporation, a third party insurance administrator. NIA Corporation is an affiliate of American Select.
James O. Bowles, President of American Select, has agreed to assume the role of President of Viking Insurance Services, Inc. Mr. Bowles remarked, "I am pleased that we are moving forward and being a part of the Viking family. Our proprietary products, internet agent servicing platform, distribution and carrier relationships are among the best in the country. In addition, our delivery systems are state of the art, using web based platforms. Our business model is to focus on fee driven contracts and relationships, rather than solely on commission revenues. This assures us profitability. In addition, our plan to proceed with call center distribution will provide significantly more production at a lower acquisition cost."
American Select has also agreed to continue to serve as the marketing and administrative arm of Viking. American Select has an experienced staff that will provide Viking with an infrastructure to expand its business model. Mr. Steve Mills, Chairman and Chief Executive Officer of Viking, stated, "We have had a long standing admiration for Mr. Bowles and his American Select team. Viking's intent is to provide the necessary financial resources to enable American Select to more fully realize its revenue potential and to utilize the professional resources, capabilities and capacity that American Select enjoys. Viking will continue to identify and expand its insurance segment and intends to acquire an insurance entity in order to participate in the program management and related insurance premium revenues produced by American Select contracts. The acquisition of NIA Corporation allows us to administer certain American Select products, thereby providing Viking an expanded business model and additional fee income. It is my opinion that Viking's shareholders will significantly benefit from this agreement."
Terms of this agreement have not been announced.
The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward looking statements. Any such statements made herein about Viking Capital Group, Inc.'s future are only made as of the date of this news release. Numerous factors, including Viking's ability to meet the conditions of this announced agreement in order to finalize this proposed acquisition, and other factors, which may be beyond Viking's control, may affect actual results. Viking Capital Group, Inc. undertakes no obligation to publicly update such forward looking statements.
Source: Viking Capital Group, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Universal Communications Systems, Inc. Subsidiary Solar Style, Inc.Concludes Highly Successful Exhibition and Capitalizes on theMomentum From the 2007 International Consumer Electronics Show (CES)Held in Las Vegas
Jan 18, 2007 11:16:05 (ET)
BALTIMORE, MD, Jan 18, 2007 (MARKET WIRE via COMTEX) -- Universal Communication Systems, Inc. (UCSY, Trade ) (BERLIN: UVC) (XETRA: UVC) (FRANKFURT: UVC) (MNCH: UVC) (WKN: 917633) subsidiary Solar Style, Inc. announced today that following a highly successful exhibition at the International Consumer Electronics Show (CES) in Las Vegas. Solar Style, Inc. has received an intense upsurge in media coverage and publicity for its entire range of solar powered chargers and other products. The company and its products have become very popular in the press, with the electronics industry and with consumers.
"The press coverage we've received from both traditional and new media has been terrific for us," said Azi Rosenblum, COO. "We immediately saw a direct impact on our sales. The 300% increase in web sales (for comparable 14 day periods) just proves what we've suspected, Solar Style is positioned to bring solar chargers and other unique solar powered products to the masses -- and we now believe the masses are ready for them."
Press coverage on various Solar Style products following CES includes the following: Web and **** Coverage, CNET.com, BCChardware.com, Nextlust.com, QJ.net and Helpero.com
Publications include: Times Record News, Wichita Falls, TX, The Ventura County Star, Ventura, CA. In addition, Newsweek (China) will be featuring the company's products in the upcoming February edition. More global coverage is expected in the following weeks. "We are enjoying the attention and the growing sales," said Azi Rosenblum, "and we expect this momentum to continue. We're selling products that are on the cutting edge of this unique new technology."
About Our Products
The solar chargers give users access to power when they need it, not just when they're near an outlet. This on-the-go power is liberating for the time-constrained, or for those who are truly mobile and don't want to be limited by access to traditional power sources. They eliminate the need for carrying additional battery packs and helps streamline what users need to stay powered up during their hectic day-to-day activities. The new chargers are easy on the environment, eliminating the need to carry spare batteries or to use traditional, pollution-inducing, fossil-fuel-created electricity. Since they can use any indoor or outdoor light source, they're perfectly suited for all emergencies, power shortages, rolling blackouts or severe weather situations.
The solar charger absorbs all light energy -- not just the sun's -- turning it into usable electricity. This electricity is used to charge the attached device or the internal Battery-on-Board(TM). Once the battery is charged, electronic devices, such as cell phones, can be plugged in for use day or night. Further, the Battery-on-Board(TM) technology provides stable power for immediate cell phone use, while the solar panel continues to collect energy for future or nighttime use, eliminating downtime. Solar charger users can maximize space and investment: The Solar Style chargers are compatible with many digital devices, including cell phones, PDA's, MP3 players, gaming devices and digital cameras.
Consumers can feel good about using Solar Style's charger because by simply using the product, they're helping to lighten the environmental energy load. The solar charger is easy on consumers' pocket books too, currently available, due to high demand, only on the company's website for as low as only $14.99.
About Solar Style, Inc.
Solar Style, Inc., based out of Baltimore, MD, offers a complete range of PV Solar Chargers with sizes and powering capabilities for a wide range of consumer electronic products, including mobile phones, Walkmans, Discmans, cameras, mp3s and personal gaming systems. The company sees the global demand for powering devices continuing to grow, as is the portable consumer electronics market. With the consistently growing presence of mobile computers and other small handheld devices, the need for portable power/charging is soaring. Solar Style fully intends to secure and maintain its leading market position in this new exciting industry. The company has filed and applied for US, Canada, European and world-wide patent protection for its range of solar chargers, as well as its new state of the art new "Power Pack" PV solar charger. Full product images and complete details are available on the company's website. www.solarstyle.com
About AirWater Corporation
For more information on the company, please visit the company's official web site at: http://www.airwatercorp.com
About Universal Communication Systems, Inc.
For more information on the company, please visit the company's official web site at: http://www.ucsy.com
Safe Harbor Statement
Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc. This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact: Universal Communication Systems, Inc. - Miami Beach Rolando Sablon 305-672-6344 Company web address: http://www.ucsy.com
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
