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LLSR (.15) With Exclusive Worldwide Rights, Expects Its Proprietary OCT Dental Imaging System(TM) to Have Major Impact on Practice of Dentistry
Market Wire "US Press Releases "
DENVILLE, NJ -- (MARKET WIRE) -- 01/22/07 -- Lantis Laser Inc. (PINKSHEETS: LLSR). Website: www.lantislaser.com. Optical Coherence Tomography (OCT) is considered the 6th and newest imaging modality for biomedical imaging. Light-based and without emitting radiation, OCT in-the-mouth imaging in dentistry has an unprecedented high resolution of up to 10 times dental x-ray and enables dentists to detect very early stages of oral diseases such as decay and periodontal disease. Early detection allows the dentist to employ non- or minimally invasive treatment to enhance the standard of patient care.
Lantis has the exclusive rights to commercialize the application of OCT in the dental field, under its license Agreements with Lawrence Livermore National Laboratory and LightLab Imaging. OCT, discovered in the early 1990s at MIT, has been very successfully commercialized by Carl Zeiss Meditec in the ophthalmology field. In a press release on November 8th, 2006 they announced the sale of their 6000th OCT Stratus System, initially introduced in 2002. At an approximate retail price of $65,000 per system, this puts sales figures for the OCT Stratus System at almost $400 million. LightLab Imaging is commercializing OCT for cardiovascular imaging with systems currently being sold in Europe, with entry in the near future into the US and Japanese markets.
Lantis' OCT Dental Imaging System(TM), currently in Phase II development, addresses the needs of dentists for an affordable, chairside diagnostic imaging system to provide accurate images that can be viewed on a chairside monitor, saved to the patient file, printed or transmitted for insurance purposes or consultation. Currently, dentists' mainstay in imaging is the x-ray that was introduced in 1885, 121 years ago, and still has many diagnostic shortcomings for the needs of modern dentistry. "An upgrade in dental imaging is long overdue and this is evidenced in current dental literature," said Stan Baron, President and CEO of Lantis.
Lantis is targeting to sell its OCT System through major distributors that have worldwide distribution. Target retail price for the OCT System is under $20,000 which puts it within reach of the majority of dentists. The worldwide potential market is estimated at 200,000 dental offices or $4 billion at retail. Lantis' management is highly confident that a market penetration of 5% can be achieved within 4 years of commencing marketing in the third quarter of 2008. Projected sales, at ex factory price, would amount to nearly $75 million for Lantis over this period, which would lay the foundation for an accelerated market penetration with increasing sales being booked for Lantis in future years to come.
Extensive research of OCT biomedical applications is being undertaken at many sites and the emerging importance of this modality is clearly evidenced by the large and varied research papers to be presented at the Photonics West/BiOS 2007 symposium in San Jose, CA, Jan 20-25th. Numerous research presentations in dentistry are also part of the program. Continuing development of OCT applications includes the areas of cardiology, coronary bypass surgery, gastro-enterology, urology and cancer detection.
Forward-Looking Statements:
Certain statements in this press release, including statements regarding the anticipated development and expansion of Lantis' business, and the intent, belief or current expectations of Lantis, its directors or its officers, are forward-looking statements. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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SCNWF (.169) Announces Its First Acquisition of 2007
PR Newswire "US Press Releases "
WARSAW, Poland, Jan. 22 /PRNewswire-FirstCall/ -- Stream Communications Network & Media Inc. (OTC Bulletin Board: SCNWF & FSE: TPJ), the broadband cable company offering cable TV, high-speed Internet and VoIP services in Poland, today announced its first acquisition of 2007. A binding agreement has been signed and a down payment of PLN 400,000 delivered for the purchase of a new network containing 15,000 homes passed in North East Poland. This transaction is subject to due diligence by Stream and completion of the network, and is expected to be finalized by July 31, 2007 at which time the remaining balance of 3,700,000 PLN will be paid.
The network is located in an attractive demographic location and will be of the highest fiber optic quality capable of triple play delivery. The project is expected to create approximately 10,000 RGU's by year-end.
Mr. Jan Rynkiewicz, Stream's President and CEO, commented: "2006 was a year of cost cutting, stabilizing, and reorganizing for Stream. Now that this stage is behind us we can move forward to fulfill the growth component of our business plan. This purchase is the first of many planned for 2007 and is consistent with our strategy to grow through focused acquisitions of small Internet and cable operators in Poland that will allow us to continue expanding our subscriber base.
About Stream Communications
Stream is a broadband cable company and offers cable TV, high-speed Internet and VoIP services in Poland. Stream is the 7th largest cable TV operator in Poland, focusing on the densely populated markets of Southern Poland.
Safe Harbor for Forward-Looking Statement
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Stream Communications Network and Media Inc. has little or no control.
SOURCE Stream Communications Network & Media Inc.
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MXXR (.0113) Update on Sandy Point and Buck Snag
Matrixx Resource Holdings, Inc. (OTCBB: MXXR) announced today that the Company has been notified by the operator regarding site status and arrival of a drilling rig to begin drilling the Fite No. 3 well at Sandy Point in Brazoria County, Texas. Additionally, the Buck Snag Schiurring No. 2 well continues to flow online and produce gas for sale into the sales line.
The Company was notified today by the operator, Sunray Operating Company, LLC, that it is nearing completion of laying down a board road on the Fite No. 3 site. Upon completion, the rig would be moved on site and drilling will commence immediately. Inclement weather has been consistent for over 10 days and has yielded progress slower than expected. Matrixx expects to update the status as the information becomes available.
Sandy Point Field was discovered in 1937, and 60 acres yielded 665,000 BO from the 2nd Frio sand. Also, in the nearby W. Sandy Point Field, the Shepperd No.1 Fite has produced 250,000 BO, and 150 MMCFG, from the 1st and 2nd and 3rd Frio sands.
The Express No.1 Fite re-established production in Sandy Point Field in 2002. The 1st Frio sand has gas-on-oil and the 2nd Frio sand (the main pay in Sandy Point Field) has good oil shows in cuttings and sidewall cores.
3-D Seismic, along with well control, confirm that the Express well discovered a new, productive structure. However, the No. 1 Fite well is located low or flankish on the structure. The objective of the Fite No. 3 well is to drill to the 6,700 to 7,000 depth and find structural advantage on the order of magnitude of 10' to 20' over the No. 1 well. The results should be a 1st Frio gas sand of 10' net pay thickness, and 2nd Frio oil sand of 10' net pay thickness. The recoverables attributable to such a development well are estimated to be 0.4 BCFG and 500,000 BO.
Dry Hole Costs (DHC) of the Fite No.3 are expected to be $445,000 and completion costs attributable to the well are $218,500. Matrixx holds a 10% working interest in the prospect. Matrixx's drilling and completions costs of the well are expected to be approximately $44,500 and $21,850 respectively. Fite No. 3's close proximity to the currently producing Fite No.1 well will provide for the minimal completion costs. Dry hole cost for the Fite No. 3 have already been paid.
Matrixx has remained steadfast in its efforts in acquiring growth and investment opportunities in the oil and gas sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. Additionally, the Company is now positioned to aggressively exploit its properties to accelerate cash flow and to provide rapid returns on its investments in the oil and gas sector.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
VANCOUVER, British Columbia, Jan 22, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Destiny Media (OTC Bulletin Board: DSNY) is pleased to announce results for the quarter ending November 2006.
Destiny is a market leader in providing software for "streaming" and "secure distribution" of digital media content, such as music or videos. Streaming is analogous to radio or TV and secure digital distribution is similar to distributing music CD's or DVD's.
Two new streaming products are due in Q2: A major upgrade of Clipstream, featuring 30 frames per second and full screen video and a high quality social network based around Radio Destiny and Clipstream Live Video.
Promo Only MPE, a secure distribution product in use by major record labels to move pre-release music to radio stations and other trusted recipients is expected to start generating transaction based revenues in Q2 as labels begin phasing out physical CD's. Since launch, 33,500 tracks have been sent through the system representing over 30 million track sends.
Q1 Highlights:
-- Launch of online music store software and PODDS store aimed at DJ and jukebox customers -- Version 3.0 of Promo Only MPE for both Mac and PC, includes support for music videos -- Significant partnerships and articles in the market research vertical -- A provisional patent on proprietary watermarking technology was filed. The full patent application will be filed in Q2.
Comments Destiny CEO, Steve Vestergaard, "We've focused on R&D this quarter to get new versions of our products ready for launch. We released two media distribution products in Q1 and will be releasing two streaming products in Q2.
The pieces are in place for a great 2007. Customers are waiting for the new version of Clipstream and Radio Destiny and Promo Only MPE transaction revenue should start ramping next month."
Condensed Financial highlights:
Three Months Three Months Ended Ended November 30, November 30, 2006 2005 $ $
Revenue 167,581 182,017
Operating expenses General and administrative 111,202 105,641 Sales and marketing [note 1] 243,618 82,202 Research and development 112,617 89,513 Amortization 13,296 12,735
480,733 290,091
Loss from operations (313,152) (108,074) Other expenses Interest and other expense (3,378) (7,062)
Net loss (316,530) (115,136)
Net loss per common share, basic and diluted (0.01) (0.00)
Weighted average common shares outstanding, basic and diluted 41,936,223 36,501,915
Notes:
1. Sales and marketing includes in excess of $137,000 in non cash stock compensation which vested during the quarter.
About Destiny Media Technologies
Destiny Media Technologies, Inc. ( http://www.dsny.com ) is a leader in developing easy-to-use tools for distributing media through the internet. The company's suite of streaming and downloadable products includes: Clipstream (TM), Destiny Media Player (TM), Radio Destiny (TM), and MPE (TM). Established in 1991, the company is headquartered in Vancouver, Canada.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Media Contact: Steve Vestergaard CEO Destiny Media Technologies, Inc. Email: steve*dsny.com Phone: 604-609-7736 (ext. 222) Fax: 604-609-0611
SOURCE Destiny Media Technologies, Inc.
Steve Vestergaard, CEO, Destiny Media Technologies, Inc., +1-604-609-7736, ext. 222, or fax, +1-604-609-0611, or steve*dsny.com http://www.dsny.com
Copyright (C) 2007 PR Newswire. All rights reserved
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CYCR (.35) Ready to Manufacture e2(TM) Collector 1/23/2007
Non-Invasive Medical Device Enhances Accuracy of Cervical Cancer Screening Samples
CHICAGO, Jan 23, 2007 (BUSINESS WIRE) -- CytoCore Inc. (OTCBB:CYCR), a late-stage bio-scientific research company advancing tools and testing for the early detection and diagnosis of deadly reproductive cancers, today announced that it is ready to start manufacturing its cutting-edge e2 Collector(TM) sample retrieval device.
With a prototype model and engineering design refined through a thorough manufacturing development process, CytoCore is ready this month to start production on the e2 Collector for clinical testing, FDA review and subsequent distribution worldwide. The sample-collecting device's innovative handle and balloon disposable component offer excellent performance comparison and distinct patient comfort improvement over the brush-and-spatula method currently used by doctors in taking routine Pap samples for the early screening of cervical cancer.
"Through the prototype development, pre-production engineering and tooling-up phases, we are now ready to deliver a truly high-quality, low-cost medical product that will enhance the quality of cell sampling for Pap and HPV tests. This simple product is capable of offering enhanced early detection and diagnosis, and, therefore, will contribute to the potential savings of the lives of many women," said Dr. Augusto Ocana, CEO of CytoCore.
The Company's immediate focus will be on a clinical trial, which should be completed within 90 days, with FDA review to follow shortly afterward and sales and distribution agreements anticipated both within the United States and abroad.
"We expect to be ready for volume production by mid-summer, producing up to 800,000 units a month on one shift," Dr. Ocana said. "With our cash-flow break-even point at a volume of between 80,000 and 100,000 units per month, we're projecting a very strong return right out of the gate."
The first significant upgrade to the Pap test in 50 years, the e2 Collector is a small disposable balloon device designed to enhance the thoroughness and consistency of cell collections for the Pap smear and HPV test screenings performed annually on some 180 million women worldwide. The e2 Collector is designed to significantly improve both the patient's comfort and physician's confidence in the collection procedure.
For further information about the e2 Collector and CytoCore's full suite of products for the diagnoses and treatment of reproductive cancers, visit www.CytoCoreInc.com. For further information about cervical cancer, visit the American Cancer Society's webpage: www.cancer.org.
About CytoCore Inc.
CytoCore develops cost-effective cancer screening systems, which can be utilized in a laboratory or at the point-of-care, to assist in the early detection of cervical, endometrial, and other cancers. The InPath(TM) System is being developed to provide medical practitioners with highly accurate, low-cost, cervical and uterine cancer screening systems that can be seamlessly integrated into existing medical models. More information is available at: www.CytoCoreInc.com
Certain statements in this release are forward-looking. These statements are based on CytoCore's current expectations and involve many risks and uncertainties, such as the company's inability to obtain sufficient financing, the possibility that clinical trials will not substantiate CytoCore's expectations with respect to the InPath(TM) System, and other factors set forth in reports and documents filed by CytoCore with the Securities and Exchange Commission. Actual results may differ materially from CytoCore's current expectation depending upon a number of factors affecting the Company's business. These factors include, among others, risks and uncertainties detailed in the Company's periodic public filings with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2005. Except as expressly required by law, CytoCore undertakes no obligation to publicly update or revise any forward-looking statements contained herein.
SOURCE: CytoCore Inc.
on behalf of CytoCore, Inc. Gene Martineau, 212-348-1880 Communications & Business Development Consultant ebm*interport.net or SIPR Leslie McCarthy, 650-400-4547 Leslie*sipr.com
Copyright Business Wire 2007
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Anti Aging Medical Group Corp. Reports Corporate Milestones
TORONTO, Jan 23, 2007 (MARKET WIRE via COMTEX) -- Anti Aging Medical Group Corp. (PINKSHEETS: AAGM), a specialty pharmaceutical company focused on developing, acquiring and commercializing innovative and scientifically proven products that offer both health maintenance and appearance enhancing benefits, announces that the company wishes to provide a corporate update. The Company unveiled a new growth strategy last November to position itself for long term growth. One of the focused areas mentioned is a collaboration on anti aging therapeutics development. The Company is pleased to report that the collaboration is making good progress as pre-clinical study has been initiated for this project. The crucial in vivo anesthetic experiments are being conducted to confirm the drug candidate's neuro-protection activity. The Company believes that the market potential for this drug candidate exceeds US$2 billion.
The Company has conducted meetings with consumer health product distributors and are expecting proposals from them. The Company is confident that a deal will emerge and start to bring revenue to the company in the near-term.
About Anti Aging Medical Group Corp.
We are a specialty pharmaceutical company focused on developing, acquiring and commercializing innovative and scientifically proven products that offer both health maintenance and appearance enhancing benefits to all of us. For more information about us please visit our website at www.aamgcorp.com.
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CTEX (.008) Provides Update on North American Carbon Markets
PR Newswire "US Press Releases "
FARMINGDALE, N.Y., Jan. 23 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC: CTEX) provided the following update on North American carbon markets after attending the Point Carbon event in Washington, D.C. on January 17-18, 2007:
The U.S. is moving toward serious programs and regulations aimed at controlling greenhouse gas emissions on several fronts. President Bush will present the emerging strategy in his State of the Union address tonight, but there is no advance knowledge of what strategy, possibly from several currently proposed in the Senate and Congress, will emerge.
The McCain-Lieberman Bill (2003-2004) may be revisited in light of new activities (RGGI and California). Action to implement a plan in the U.S. is promised by mid-2007, with an emphasis on developing alternatives to dependence on foreign oil while taking on the challenges of reducing greenhouse gas emissions. Barbara Boxer (D-CA) is proposing a cap on GHG emissions similar to that implemented recently in California to reduce U.S. emissions by 80% by 2050.
In light of these developments, the Point Carbon event sent a message to the attendees including the public and private sectors to build on the foundations of the Kyoto Protocol and the European Union Emissions Trading System, rather than develop a collection of isolated and regional trading systems with voluntary and/or capped emissions reductions requirements. Global warming is "global" and demands global participation and harmonization of policy. Commonality of CO2-e credits and values is required for linkages among developing climate exchange markets to facilitate development of a global trading system suited to rapid implementation and market distributed financial resources.
Cemtrex is already geared to these market needs in the interest of concerted efforts to greatly reduce global warming through pollution control design engineering, monitoring instrument systems and turnkey development and support of Cap-and-Trade and CDM/JI projects.
Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in the buying and selling of carbon credits globally. Cemtrex through its MIP division is engaged in manufacturing and selling the most advanced and custom-engineered instruments for emission monitoring. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are
as of the date of this press release and should not be relied upon as of any subsequent date.
For further information, please contact:
Cemtrex Inc. 19 Engineers Lane, Farmingdale, NY 11735 URL: http://www.cemtrex.com Email: info*cemtrex.com (516) 816-1400
SOURCE Cemtrex Inc.
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LLEG (.0022) Announces Significant Business Expansion to include Renewable Energy Technology Investment and Greenhouse Gas Reduction Initiative
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
Laidlaw Energy Group, Inc. (OTC: LLEG) announced today that it is undertaking a significant business expansion aimed at creating a vertically integrated renewable energy company.
The new business lines that the Company is rolling out, in addition to its current core renewable power plant development business, include a technology division that will focus on acquiring and investing in innovative renewable energy technology, as well as an agricultural division that will focus on growing hybrid willow trees to serve as fuel for the Company's biomass energy projects and for sale to third parties.
"We have raised a fair amount of capital over the past several months with the objective of investing in the growth of the Company," stated LLEG President and CEO Michael B. Bartoszek. "We believe we have identified two areas for investment that will really take the Company to the next level and we are close to executing deals in these areas," stated Bartoszek.
The Company is currently in negotiations to make its first technology investment and expects to focus on technology that reduces power plant emissions, an area that is expected to offer significant opportunity with the new Democratically controlled Congress increasingly focusing on the environment and Greenhouse Gas emissions reduction.
The agricultural division will focus on initially obtaining 1,000 acres of land in Western, New York to grow hybrid willow to provide a "closed loop" source of fuel for the Company's biomass energy project in the area and also to sell to area coal plants as fuel for co-firing to help such plants reduce Greenhouse Gas and overall emissions. The Company expects to work with partners associated with the State University of New York College of Environmental Sciences and Forestry in conjunction with this venture.
Representatives of the Company spent time on Capital Hill last week discussing these new initiatives and the environmental and economic benefits to the region with members of the New York Congressional delegation. The Company is optimistic that it will receive Federal assistance to support these timely new initiatives, which are expected to help improve air quality in the region by reducing the production of Greenhouse Gas emissions known to effect climate change.
The Company expects to provide further updates on the roll-out of these new initiatives in the coming weeks.
About Laidlaw Energy Group - Cleaner Energy For a Greener Future
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through the development of new facilities and acquisition of existing facilities. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our websites at www.NYENRG.com and www.greenenergyfacts.com.
This communication contains statements expressing expectations of future events and/or results which may include, without limitation, statements concerning anticipated financial performance, business prospects, technological developments, potential markets, new products, research and development activities and similar matters. Such statements constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. All statements based on future expectations rather than historical facts are forward-looking statements that involve a number of risks and uncertainties, and LLEG cannot provide assurance that such statements will prove to be correct. LLEG undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Source: Laidlaw Energy Group, Inc.
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BHWF (.016) Fund Reduces Outstanding Shares
PR Newswire "US Press Releases "
CARDIFF, Calif., Jan. 23 /PRNewswire-FirstCall/ -- The BlackHawk Fund (OTC Bulletin Board: BHWF), announced today that The Company reduced the number of outstanding shares in the Float, by retiring over 5,400,000 shares back to Treasury. This reduces the total Issued and Outstanding share count from over 30 Million to less than 25 Million shares.
The BlackHawk Fund is intent on creating long-term value for its shareholders. This reduction of shares in the market, provides a very tight Float, during a period of extreme growth in The Company. The Company has recently announced anticipated revenue for the first two quarters alone of $2,200,000, with anticipated profits of $560,000.
The Company announced yesterday, the signing of a Definitive Agreement with Maximum Impact Television Group, to own the proprietary rights to ten Cable Television Shows, which are Network Quality. Maximum Impact's award-winning Media can be viewed at www.maximpacttv.com . This Agreement adds enormous value for The BlackHawk Fund and will produce significant revenue and profits, commencing immediately for The Company's Media Division.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
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GSCT (.05) Executes Agreement with Ethanol Producer
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
GS CleanTech Corporation (OTC Bulletin Board: GSCT) today announced its execution of a definitive agreement with Central Indiana Ethanol, LLC ("Central") to extract about 1.5 million gallons per year of crude corn oil from Central Indiana's distillers dried grains ("DDG") for conversion into a biodiesel feedstock using GS CleanTech's proprietary corn oil extraction technology.
GS CleanTech's patent-pending Corn Oil Extraction Systems(TM) have been engineered to help ethanol producers to cost-effectively and rapidly increase their fuel yields and enhance their revenues and earnings out of existing crops. GS CleanTech provides turn-key extraction systems to participating ethanol producers in return for long-term agreements to purchase the extracted corn oil at a discount to prevailing fuel prices but at a price that also works out to a premium to the value of the corn oil when it is bound in the DDG.
In all, GS CleanTech's publicly announced contracts will produce about 23.5 million gallons per year of crude corn oil for conversion into biodiesel fuel as GS CleanTech successfully deploys the relevant corn oil extraction systems during 2007 and 2008. At current fuel prices, this corn oil has a current market value of about $17 million to about $23 million as a biodiesel feedstock. This value increases with increasing fuel prices under GS CleanTech's program.
GS CleanTech generates revenue by selling its extraction systems and process engineering services and from ongoing annuities arising from the purchase and sale of the extracted corn oil. GS CleanTech's affiliated fuel production company, GS AgriFuels Corporation (OTC Bulletin Board: GSGF) has the exclusive right to purchase the extracted corn oil for conversion into biodiesel fuel. Once converted into biodiesel fuel, the announced 23.5 million gallons per year of corn oil also corresponds to biodiesel sales of more than $55 million.
David Winsness, GS CleanTech's president and chief executive officer said that "Corn-derived ethanol producers clearly recognize the need to improve their energy balance. The surest and quickest way to do this is to implement technologies that enhance the yields and operating efficiencies of traditional production processes. Our corn oil extraction technology is the first of several new technologies that we are bringing to ethanol producers to meet those objectives, including integral biodiesel production, biomass gasification and carbon dioxide capture and conversion technologies."
GS CleanTech's Focus on Ethanol Production
GS CleanTech is focused on delivering these technologies and process innovations to the ethanol production industry with a view towards maximizing the yield of corn-based ethanol production. GS CleanTech's currently available offerings in its ethanol program include its:
-- Corn oil extraction systems;
-- Small-scale modular biodiesel production systems; and,
-- Biomass gasification and gas to liquids systems.
GS CleanTech is also developing new technologies, such as its carbon dioxide algal bioreactor technology, for application at ethanol facilities.
Traditional ethanol processing converts each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains, which contain about 2 pounds of fat. This corresponds to a corn to clean fuel conversion efficiency of about 33%, or about 2.8 gallons of clean fuel per bushel of corn. GS CleanTech's ambition is to increase this efficiency as much as possible by converting as co-products such as DDG and carbon dioxide into additional renewable fuels.
GS CleanTech's patent-pending corn oil extraction and biodiesel processing technologies convert the fat in the DDG into a high grade corn oil that can then be converted into biodiesel on close to a 1:1 volumetric basis. This increases the corn to clean fuel conversion efficiency described above to 36%, or about 3.0 gallons of clean fuel per bushel of corn. This increased yield per bushel may not seem like much, but it adds up.
GS CleanTech's corn oil extraction systems allow a typical 50 million gallon per year ethanol production facility to increase their revenues by more than 3% by extracting and selling up to 3.3 million gallons per year of corn oil.
This revenue increase can be even more dramatic for qualified ethanol producers that wish to participate in GS CleanTech's co-located corn oil to biodiesel model, where biodiesel is produced directly on site at participating ethanol facilities.
GS CleanTech's Corn Oil Extraction System(TM)
GS CleanTech's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
-- Increased Revenue - The corn oil extracted is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
-- Reduced Operating Costs and Emissions - Corn oil removal can improve drying efficiency by more than 10% with reduced natural gas or coal needs and reduced emissions (NOx, SOx, VOC, and CO2);
-- Low Operating Costs - The system requires less than $0.05 per gallon of corn oil produced;
-- High Recovery Rates - The technology is capable of recovering up to 75% of the corn oil within the DDG; and,
-- Increased Inclusion Rates - Corn oil removal can improve defatted DDG marketability and inclusion rates by reducing fat content.
About GS CleanTech Corporation
GS CleanTech Corporation provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources. Additional information on GS CleanTech and its technologies is available online at www.gs-cleantech.com.
GS CleanTech and GS AgriFuels are majority owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources. Additional information on GreenShift is available online at www.greenshift.com.
Safe Harbor Statement
This press release contains statements that 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 GS CleanTech Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: GS CleanTech Corporation
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WNCP (.0001) Announces Ore Processing Agreement With Philippines Based Global Transformation Resource Group
PR Newswire "US Press Releases "
CITY OF INDUSTRY, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Wineco Productions, Inc. (OTC: WNCP) announced today it has entered into an agreement with the Philippines based Martir family and their company, Global Transformation Resource Group, LLC. Under the agreement Wineco will process ore bodies, in Negros Occidental, Philippines, a GTRG Property.
Early tests of the property indicate Gold and other Noble metals of very high values. AU (gold) in both Placer and Micron in the test results show values of approximately $4,000.00 per ton of ore. It is estimated that at least 400,000 tons of base ore are to be processed by WNCP.
The agreement stipulates that GTRG is to receive 40%. WNCP has designated 5% of its proceeds to be donated to a charitable organization dedicated to the betterment of some of the Philippines poor.
Equipment for the processing by WNCP is being built for the project and WNCP expects to purchase additional equipment for the project. Actual operations are to commence in late summer after final core tests and plant set-up are near completion.
The Martir family is well known for their Christian works in the Philippines. WNCP officers have expressed delight at the opportunity to work with GTRG on the large site.
WNCP is dispatching a team of mining engineers, geologists, and chemical engineers to the site in February for further testing and to establish locations for equipment.
The area of the mine site is well known for its natural resources that include Noble metals along with large oil reserves. WNCP has gained geology reports from the Philippines geology agency that report major oil reserves on the property. WNCP will explore the potential of the oil reserves on the property and report results upon completion of their tests.
About Wineco Productions, Inc.,
Wineco is in the process of acquiring mining properties that show recoverable "Nobel Metals." The various properties are, for the most part, mines that have been worked in earlier times. Working these mines has left tons of "Tailings" that contain valuable material. www.winecoproductions.com
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of Wineco Productions, Inc. and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
SOURCE Wineco Productions, Inc.
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CBAY (.037) in Negotiations for Sale of Aspen Cove Resort, Utah, Properties
Business Wire "US Press Releases "
CARLSBAD, Calif.--(BUSINESS WIRE)--
Cal-Bay International (OTCBB:CBAY) announces that it is negotiations for the sale of its Aspen Cove Resort properties, on Panguich Lake, Utah. The Aspen Cove properties consist of an operational lakefront lodge and a 33-acre hilltop parcel that has been mapped for 21 luxury vacation homes.
The offer for purchase is approximately $5M, and the transaction is contemplated to close upon satisfactory final due diligence by the buyer.
At the request of the tentative buyer, the terms of the negotiations are to remain confidential until the close.
Cal-Bay originally purchased the Aspen Cove properties in early 2005, for a price of $2.6 million.
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.
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GLXI (.012) in Negotiations to Acquire 200 Uranium Mining Claims in Northern Quebec
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 01/23/07 -- Globex, Inc. (PINKSHEETS: GLXI) today announced that Management is currently in negotiations with prominent geologists in the Uranium Mining Industry to acquire a total of 200 claims in the Northern area of the Province of Quebec, Canada. The proposed agreement also involves the establishment of a Canadian Prospecting Subsidiary Corporation, which would allow Globex to benefit from the numerous Federal and Provincial Government incentives for drilling and prospecting programs in Canada.
Globex's Board of Directors is currently evaluating this opportunity to team up with highly qualified experts, and to secure a promising acquisition in the booming Uranium field. Due to the unsatisfactory take-over offers received, the Board of Directors has commenced the due diligence process of the Uranium Mining Claims acquisition, and anticipates closing the transaction within 10 days. The Board firmly believes that this change of business strategy is in the best interests of its shareholders.
For more information please contact Michel Benoit at (514) 288-8494 or via e-mail at Globexenergy*sympatico.ca.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact:
Globex, Inc. Michel Benoit Ph# (514) 288-8494 E-mail: Globexenergy*sympatico.ca
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ANTGF (.251) Consummates Licensing Agreement with Slazenger Limited
Canada NewsWire "All News "
PEORIA, ARIZ., January 23 /CNW/ - The Antigua Group, Inc. (Pink Sheets: ANTGF) (TSX VENTURE: ANE), one of the nation's leading designers and marketers of men's, women's and children's lifestyle apparel and accessories, announced they have consummated a license agreement to design and distribute apparel and accessories under the famous Slazenger brand in the United States and Canada. This agreement calls for distribution in the Green Grass and upscale corporate segments of the industry.
"Slazenger is a perfect brand partner for our Antigua brand that has distribution across several channels," said Ron McPherson, President and CEO of The Antigua Group, Inc. "Slazenger will offer apparel classifications and fabrications that we presently don't offer in the Antigua range. We will launch the new Slazenger line that will include double mercerized knits and high-end technical outerwear at the PGA Merchandise show January 25-27, 2007, in Orlando, Florida."
Headquartered in Peoria, Arizona, The Antigua Group provides men's, women's and children's apparel and outerwear to golf, licensed sports and specialty retailers as well as corporate America. Antigua holds licenses with the PGA of America, NBA, WNBA, MLB, Minor League Baseball, NHL and hundreds of colleges and universities. For more information on The Antigua Group, visit them online at www.antigua.com or call Ron McPherson at (623) 523-6000.
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PANAMERSA/PayPro CEO to Talk Dividends and Pirates On ***.com
Jan 23, 2007 12:38:05 (ET)
DALLAS and PANAMA CITY, Republic of Panama, Jan 23, 2007 (*********wire via COMTEX) -- Michael Terrell, President and CEO of PANAMERSA Corporation./PayPro, Inc. (Pink Sheets:PYPR) is scheduled to be live at the Market News First studios in Dallas for an exclusive interview with the *** news team. The interview is scheduled for Jan. 24 at 11 a.m. CST and can be seen at www.***.com .
Last month, the company announced that the board of directors had declared a fourth quarter dividend to all legal shareholders PYPR Common stock as of Dec. 20, 2006 of one square meter of the Corobici Wildlife Refuge Canas, Guanacaste, Costa Rica, Central America, for every 10,000 shares of common stock. The company announced this month that it would begin syndication and development of a pirate theme park through its operating company, Port SAE Productions S.A. The park, the company said, will consist of a five-borough theme city that includes a seaport and marina where residents and visitors can experience living in the heyday of the pirate world.
PANAMERSA Corporation/PayPro Inc. 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 online such as debit cards, e-commerce merchant accounts, life insurance policies, gold transactions, real estate investment participations, and digital marketing services. For more information, visit www.panamersa.com .
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SPRL (.0115) Reaches Agreement for Implementation of Sludge Processing Solution
Business Wire "US Press Releases "
TORONTO--(BUSINESS WIRE)--
Strat Petroleum, Ltd. (OTC:SPRL), an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced that its sludge oil recovery project in Bashkorstan continues to ship approximately 300 bbls per week. Due to harsh winter conditions this season the Company has decided to minimize risk and maintain current production levels with the expectation that the originally projected 100 bbls per day recovery will be achieved as the weather warms up heading into the Spring.
In order to increase revenues and profitability, Strat's local joint venture has signed an agreement with a regional oil refinery to process the Company's recovered oil into heating oil. This additional step in the sludge processing chain will improve overall gross margins on every barrel to upwards of 50%. Delivery of the 300 bbls/week to the refinery began January 8, 2007 with intent of an increase to 400 bbls/week beginning January 22, 2007. The refinery has allocated storage facilities of up to 1,500 bbls of delivered product, which will be refined within three days of receipt.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development company focusing on investment in oil and gas properties and other related projects in the Russian Federation. For more information, please visit the company website at www.stratpetroleum.com. The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax) and 646-216-9751 (U.S.).
Investor Relations/Corporate Communication Lynx Consulting Group, Inc. +1 (858) 488-4049 info*lynxir.com
Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; uncertainties of completing business transactions; uncertainties of raising necessary capital; no control over long term pricing; possible reductions in demand for our products and services due to competition or changes in industry conditions or political environment; changes in the nature of energy regulation in the Russian Federation, the United States and other countries; political risk; currency exchange risk; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; reliance on management and management contacts; and other risks that may be referenced from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Strat Petroleum, Ltd.
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