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IMJX (.0003) Announces LitePix Digital Signage Deal Feb 15, 2007 10:15:00 AM ROCHESTER, NY -- (MARKET WIRE) -- 02/15/07 -- ImageXpres Corporation (PINKSHEETS: IMJX) announced today that the Company has signed a joint venture agreement with The Franchise Edge (TFE), a Tampa, Florida-based franchise development and marketing company, to distribute, market, and support ImageXpres' LitePix Digital Signage Systems in the Orlando and South Florida retail and hospitality market. The business agreement provides for the formation of an advertising media marketing company, 1080i Media, LLC that will spearhead the marketing and sales efforts in the Orlando test market. Initial sales and market trials are to commence March 1, 2007, and will expand throughout the year in the high-density tourist and entertainment geographic region. Further news on the 1080i Media, LLC enterprise is expected over the coming weeks.
"We are excited about our business venture with The Franchise Edge," states ImageXpres President John S. Zankowski. "The prospects for our LitePix Digital ADTV signage systems are tremendous, especially when coupled with the experience in advertising media, and franchise business modeling that TFE brings to the business venture. ImageXpres will supply the Digital Display hardware, remote management software/ technology infrastructure, and creative design content creation. TFE will provide expertise in advertising media placement, and verification of the franchise business model in conjunction with TFE's marketing and sales activities in the target markets.
Paul Samson, Founder of The Franchise Edge, and Carmen Guilfoyle, President, are the chief architects of the digital advertising business model, and have long-time experience in related digital business concepts. "We are very pleased to have initiated this business venture with ImageXpres Corporation," says Samson, "and we expect 1080i Media to be a huge success as we move forward with initial placements and sales." 1080i Media is targeting high profile locations, such as restaurants, fitness centers, nail salons, medical professional offices, and other high-volume traffic areas with wait times of 20 minutes or more averaging a minimum viewer base per month. Guilfoyle adds, "The niche in this business is to create a captive, target audience. Entertain them while they wait with HDTV broadcast while offering near-by products and services that will help solve their problems and desires. Whether it is health insurance, automobiles, carpet cleaners or hair dressers the advertisers are at the viewer disposal. It's a perfect match for businesses and customers to find each other." Sales are expected to expand rapidly and franchise opportunities will be available within the year. To learn more visit www.1080iMedia.com.
About ImageXpres Corporation
ImageXpres is a digital imaging and printing company, headquartered in Rochester, NY. ImageXpres develops imaging systems solutions for commercial printing, consumer photo, and healthcare (diagnostic imaging) market segments. The Company is establishing a network of digital imaging/print centers across the U.S., including its iPrint Digital Kiosks, a family of self-service multimedia kiosks, and LitePix Digital Displays, digital signs that provide unique advertising benefits for business owners. The Company's website is www.imagexpres.com.
About The Franchise Edge
The Franchise Edge is a franchise development company, specializing in all areas of franchising. Franchise work product development, UFOC, strategic business and development plans, regional/national marketing plans, collateral material design and development and operation manual documenting all processes activities and procedures. TFE internal multi-lingo sales associates work with various brands, integrality involved during the entire process dealing with multi-size companies both nationally and International.
Statements in this press release about the company's future expectations, including the rate of growth of the Company's revenues derived from sales of its safety and security products, and all other statements in this release other than historical facts, are "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports and financial statements.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: John S. Zankowski President ImageXpres Corporation info*imagexpres.com
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in at .0003 been watching this one awhile, finally a reason to jump on the train
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Drinks Americas Announces Rapid National Expansion of Newman's Own Distribution Thursday February 15, 7:00 am ET
WILTON, CT--(MARKET WIRE)--Feb 15, 2007 -- Drinks Americas Holdings, Ltd. (OTC BB:DKAM.OB - News) ("Drinks Americas" or the "Company") announced today that the national expansion of Newman's Lightly Sparkling Fruit Juice Drinks is well underway. ADVERTISEMENT
Patrick Kenny, President and CEO of Drinks Americas, announced today that a substantial number of new accounts have authorized and purchased Newman's Own products. These new customers include Foodtown Supermarkets (60 stores in the New York metropolitan area), Amish Markets, Fairway Markets, Marcus Dairy Distributors (in Connecticut and New York), Alaska Distributors (in Washington State and Alaska), Quality Food Centers (53 stores in the Pacific Northwest), Bristol Farms (17 stores in Southern California), Gleason's (15 stores in Southern California), Scolari's (27 stores in Nevada), Metropolitan Markets (15 stores in the Seattle area), Eckerd's Drug Stores, Key Food Supermarkets (in the New York metropolitan area), Grand Union Supermarkets (in the New England area), and Fresh Grocers (7 stores in the Philadelphia area). The foregoing adds to the long list of distributors and retailers that comprise the Company's current customer base, including the joint venture with Beyer Farms/Tuscan Dairy, ShopRite Supermarkets, Shaw's Supermarkets, 7-Eleven, King Kullen Supermarkets, and numerous distributors nationally.
Mr. Kenny also indicated a broad acceptance Newman's Own beverages by institutional food service accounts, with Newman's Drinks now being sold at Columbia University, Cornell University, Wagner College and Adelphi University.
Drinks Americas' national expansion of its soft drinks follows last year's successful test marketing of its Newman's Lightly Sparkling Fruit Juice Drinks in the New York metropolitan area. Simultaneously with the national roll-out, Drinks Americas has expanded its product line of Newman's Drinks to include six fruit sodas and three fruit flavored, lightly sparkling waters. The Newman's drinks are all natural and are certified kosher, and the sodas are made with real fruit juice and pure cane sugar.
Mr. Kenny added, "We are particularly thrilled with great out-of-the-box volume and consumer acceptance of the new cherry flavored sparkling fruit juice drink which has shown early and surprising volume. We are also excited about the fact that Newman's Own volume is up 82% percent over last calendar year, including Shoprite Supermarkets in metropolitan New York which has experienced a double digit growth rate."
About Drinks Americas
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages that are often associated with renowned icon celebrities. Drinks' portfolio of premium alcoholic beverages includes Donald Trump's Trump Super Premium Vodka, Willie Nelson's Old Whiskey River Bourbon and Bourbon Cream. Drinks non-alcoholic brands include the distribution of Paul Newman's Own Lightly Sparkling Fruit Juice Drinks and Flavored Waters.
Other products owned and distributed by Drinks Americas include award-winning Damiana Liqueur and Aguila Tequila from Mexico, Cohete Rum Guarana from Panama, and Rheingold Beer. Damiana, Old Whiskey River, Aguila Tequila and Cohete Rum are Gold and Silver Medal award winners respectively from the International Beverage Tasting Institute and the San Francisco International Wine and Spirits Competition. For further information, please visit our website at www.drinksamericas.com.
NOTE TO MEDIA: For Interviews, call Charles Davidson, Drinks Americas, (203) 762-7000, Ext. 18.
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TTCH (.017) Reports Additional Order Worth $12.8 Million With LiaoNan-DaLien Project in LiaoNing Province
Business Wire "US Press Releases "
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced plastic pipes, today announced that they have signed a contract worth $12.8 million with LiaoNan, DaLien in LiaoNing Province, and that the branch operation is established and the project is in the work-in-process stage.
Dr. Won-Gil Choe, the President of TTCM China, said, "This is a part of the company's strategic campaign to penetrate the market place in the southern and southeastern regions as well as the northeastern region of the country by establishing operations in LiaoNing Province. With a population of approximately 40 million, often called 'the Golden Triangle' because of its strategic location, it includes boundaries with the Yellow Sea, the Bohai Gulf and the Yalu River, the closest gateway to the Korean Peninsula. The contract is another indication of growing demand for our pipes to provide industrial water, drinking water, sewer systems and flood control systems to the rapidly growing regions."
About TTCM China, Inc.
TTCM China, founded in 1995 and based in Tianjin China, is a leading producer of glass-reinforced composite plastic products including regular and high-pressure pipes and related fittings. TTCM developed an advanced technology employing micro-emulsification, which enables a reduction of the amount of resin used in the production process and at the same time raises the product compactness, strength and infiltration quality. These procedures make TTCM's glass-reinforced plastic pipes superior in strength to plastic pipes while they only weigh one-fourth the weight of regular steel pipes.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks associated with the operation in China where certain economic or political situation might adversely affect the outcome of the envisioned business.
Source: TTCM China, Inc.
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OMOG (.0027) Is Awarded Partial Summary Judgment in Lanza Case Feb 15, 2007 12:22:00 PM HOUSTON, TX -- (MARKET WIRE) -- 02/15/07 -- OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG) has been officially granted a partial summary judgment in the Lanza et al case.
Judge Benton of the Harris County District Court granted OMDA's Motion for Partial Summary Judgment. The Court entered an order ruling that the Class D Series Preferred Stock issued to certain individuals was invalid. Judge Benton asked the parties to come to an agreement regarding the amount of attorneys' fees that should be paid to OMDA by certain defendants following the receipt of this favorable ruling under Texas's Declaratory Judgment Act. If an agreement on the amount of fees cannot be reached, the Court indicated that it would entertain further motions related to the fee issue.
Adam Barnett, Chairman, stated, "I am very pleased to announce to our shareholders that we are moving forward in our legal efforts against former management. Our legal team has worked very hard over the last few years, and we continue to make progress. I plan to have further updates soon as we continue our discovery process."
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas) are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact: OMDA Oil and Gas, Inc. Investor Relations 800-621-0113 IR*omogoil.com www.omogoil.com
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Apple Rush(TM) Line On Schedule, e-water(TM) Japanese Label Submitted Thursday February 15, 9:22 am ET (.0009)
BLUE ISLAND, Ill.--(BUSINESS WIRE)--RushNet, Inc. (Pink Sheets:RSHN - News) announces that it is on schedule with its new expanded and redesigned Apple Rush(TM) line (www.applerush.com) and has scheduled the first production run for Feb. 26. The design work for all the packaging elements was completed earlier this month, as was the purchase of the organic juice concentrates and flavors. The 4-paks have shipped, the bottle labels are printing this Friday, with the shipping cartons to follow next week. To date RushNet has secured enough raw material ingredients to produce over 30,000 cases, with over 20,000 cases more still pending under contract. Revenues from the sales of all these cases would be approximately $800,000.
The pilot production run on Feb. 26 will allow the company to have all six flavors ready for introduction to the natural food channel at EXPO West March 9 - 11, in Anaheim, CA. www.expowest.com. The USDA Organic and Blue Ribbon Kosher Certifications are underway, and are scheduled to conclude within the next few weeks.
Robert Corr, President of RushNet, Inc. was quoted: "We continue to push the Organic Apple Rush(TM) line to market. Fortunately we've been able to move these products along quickly compared to larger companies, and we are more than satisfied with the look and taste of the new line. We see a definite opening in the market this year for us to be the only line of Organic 100% Juice Sodas. That's an advantage over the non-organic Izze® (recently purchased by Pepsi®) and R.W Knudsen® (owned by Smuckers) juice lines, also in 12oz bottles. The good leads we got from the Fancy Foods Show are being pursued, and once we produce product later this month we should be able to push the approval process and obtain purchase orders for the line beginning this Spring."
RushNet also has unveiled its e-water(TM) label for Japan. A copy of the label can be viewed at http://www.applerush.com/japanese%20ewater%20LABEL.pdf . This label has been submitted to the Japanese Ministry of Health via the Importing Agent as part of the ongoing approval process. While that process is nearing its conclusion, the company feels confident it will be able to secure an order for its first container sometime next month.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact:
RushNet, Inc. Robert Corr 708-389-6625
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PYCT (.0003) 4th Quarter Financials Released PayChest Reports Its Year End Under New Management Feb 15, 2007 12:55:00 PM HUNTINGTON BEACH, CA -- (MARKET WIRE) -- 02/15/07 -- PayChest, Inc. (PINKSHEETS: PYCT) today released year end financial results for the period ended December 31, 2006. Highlights of the results include significant financial gains to the company, commitments to shareholders regarding the company's stock policy, reductions in the number of shares outstanding and an increase in asset valuations for shareholders.
The release also provided details of Genfin's control of PayChest.
The last quarter saw the elimination of a long term note by $115,000 and an increase in the asset value with equipment valued at $209,000. Further operational losses incurred in the 4th quarter were reduced with an operational gain of $250,000, over the previous three quarters. Reducing the number of outstanding shares by 1.5 billion, resulted in a shareholder value increase of $450,000. The cumulative effect of these actions, provided over $900,000 in gains for PayChest and its shareholders.
Management set a strict stock policy, announcing a major reduction in the authorized number of shares to 25 billion and also took a decision to not reverse split the stock.
Mr. Pillay said, "The financial statement shows results of the early stages of PayChest's restructuring. We have progressed significantly since then and these will be highlighted in the first quarter results of 2007. My commitment to the shareholders is demonstrated by negotiations to reduce the number of shares outstanding, reduction of authorized share count, the decision to not reverse split the stock and the on going efforts to return more shares to the treasury. I will now turn my focus towards marketing, refining our stock strategy and evaluating PayChest's legacy assets."
About PayChest
PayChest and its strategic partner companies have developed an integrated online payment processing platform utilizing cutting edge technologies to deliver payment solutions online. These payment processing solutions include turnkey payment facilitation for credit and debit cards, electronic checks, money transfer solutions, gift cards and turnkey rewards based systems.
New management within PayChest is focused on innovative and tangible products, improving the online financial experience for online consumers and e-commerce businesses worldwide. To fulfill this obligation, the new management has marked significant timelines over the next few months to streamline operations, with a focus on integrating backend transaction processing infrastructures scalable to new payment technologies and marketing opportunities
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
CONTACT: Investor Relations PayChest, Inc. info*paychest.com
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CIVX (.0003) to Deliver SME Online University to Meet Customer Demand Feb 15, 2007 1:15:00 PM PASADENA, MD -- (MARKET WIRE) -- 02/15/07 -- CTR Investment & Consulting (PINKSHEETS: CIVX) announces that the Company has organized its educational courses and tutorials into an Online University that focuses on the continuing education market for the Small and Medium Enterprise (SMEs). CTR will utilize web casts, video tutorials, online demos, interactive webinars and other leading edge technologies to enhance the learning experience.
The Company's clients asked management to help provide in-house web-based employee training. Clients have expressed frustration in the time and expense of other traditional job training education methods. Hiring outside consultants is too expensive and seminars pull valuable employees away from their duties for extensive periods of time and therefore hurt company productivity. "The goal of CTR is to provide quality on the job educational and training programs and services at an affordable price that fit into the day to day operations of smaller organizations," states Jerry Janik, CEO of CTR.
The University will offer over 1250 fully activated Internet courses relevant to the SME market. These internationally acclaimed courses are highly cost competitive, convenient and meet the relevant criteria of today's SME market place. The cost benefit of these courses improves corporate competencies, technical capabilities and increase sales/ profits for any company. These courses will be offered on a pay as you go basis or as an ongoing subscription priced model, thereby allowing our clients to budget and offer our services proactively through out the year. The courses offered include subjects directly applicable to SME market in a number of languages and can be taken at a comfortable pace to ensure successful course completion.
The Company expects the University to launch in the next 8 weeks and will commence marketing the University services to its clients immediately in a pre-launch capacity.
CTR will continue to search out and invest into products that meet the needs of under serviced markets in order to generate multiple reoccurring revenue streams for the company.
For further information on this release on CTR Investments & Consulting, Inc., contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127.
About CTR Investments & Consulting, Inc.
CTR Investments & Consulting, Inc. provides a family of services and products used by customers in the Small and Medium sized business verticals. CTR's specialization is in identity information and data assurance, information technology, marketing and education. www.ctrinvest.comwww.visitant.org
Safe Harbor
Except for historical information, all other information provided in this news release consists of "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1935. These "forward-looking statements" are subject to risks and uncertainties, which could cause actual results to differ materially from those projected, anticipated or implied.
Contact: Rich Kaiser Investor Relations YES INTERNATIONAL
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PDVP (.0025) Subsidiary N'East Magazine Featured on ABC Affiliate News Station Feb 15, 2007 1:37:00 PM Copyright Business Wire 2007 PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today its subsidiary N'East Magazine was recently featured on WMTW Channel 8 News, an ABC affiliate station.
"The exposure and feedback from the short piece which aired last week has been tremendous. I think it's a real testament to how interesting and broad-reaching this magazine is and to so many people. And while this piece was aired mostly in the Maine and New Hampshire area - it quickly generated a 110% spike in web visits, which resulted in an increase to our subscriber base and most importantly, brand awareness. Although this may be just a local news story - being a member of the press, I know the power of viral brand recognition and we look forward to many more such press events," Jim McGinley, President & CEO, Podium Venture Group, Inc.
To view the news segment go to:
http://www.wmtw.com/video/10965039/index.html?taf=port N'East Magazine (www.neastmag.com) can be found at Borders, Barnes & Noble, Eastern Mountain Sports, REI, Tower Records, Universal News, Shaws, B. Dalton, Hudson News, and independent bookstores and retailers nationally.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Source: Podium Venture Group, Inc.
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ZIMCF (.041) To Deliver One of the World's Most Watched Sports Over the Internet ZIM announces strategic partnership with the International Table Tennis Federation to broadcast live matches for the Pro Tour and the World Junior Tour Feb 15, 2007 1:40:00 PM OTTAWA, Feb. 15 /PRNewswire-FirstCall/ - ZIM Corporation (OTCBB: ZIMCF), an Internet TV broadcaster, today announced that it has partnered with the International Table Tennis Federation ("ITTF"), the governing body of international table tennis, to broadcast live matches on www.zimtv.biz and www.ittf.com.
The strategic partnership will enable viewers to watch on-line live matches from the Pro Tour and the World Junior Tour as well as access over 100 archived matches. Through the ZIMTV platform and the video-on-demand and pay-per-view services, ZIM and ITTF have extended the reach of Asia's number one sport to a global audience. For the remainder of 2007, ZIMTV will broadcast 21 live events in 18 countries from the Pro Tour and World Junior Tour. This partnership provides unrestricted worldwide access via www.zimtv.biz and www.ittf.com.
"The total TV-audience in China for the World Table Tennis Championships 2006 (held in Bremen, Germany) was 547,730,000 viewers. Also 123 hours of broadcast was shown in China by CCTV, Shanghai-TV, Beijing-TV and Guangdong-TV. The TV-right holders for ITTF events is made up of more than thirty of the world's leading sports broadcasters, including Tokyo TV (Japan), CCTV (China), TVB (Hong Kong) and Eurosport (Pan-European). We currently have the largest TV audience of any sport due to the popularity in Asia and we are extremely excited to be offering live matches over the Internet to further increase our sport's popularity in North America, Latin America and Europe." said Adham Sahara, President of ITTF.
The ITTF currently has 202 country members world-wide and is represented in all five continents. Known as the world's fastest sport, table tennis has been an Olympic Sport since the 1988 Olympics in Seoul, Korea and will be the feature sport at the 2008 Summer Olympics in Beijing.
"We are extremely excited to have gained the Internet broadcasting rights for such popular content. In less than eighteen months table tennis will be the feature sport at the 2008 Beijing Olympics and we expect this to be a true launch pad for the sport on a global scale. This initiative with ITTF provides an excellent opportunity to set a global example for Internet-based live sports broadcasting." said Michael Cowpland, President and CEO of ZIM Corporation.
In addition to viewing the live ITTF events online, viewers will also be able to stream the video content on their mobile phones. "The video quality on the latest mobile phones is truly impressive. With over 300 million mobile phones in China, and more than 2 billion mobile phones worldwide, fans of the sport will now be able to follow the games anywhere." added Cowpland.
All live and archived events in 2007 will be free of charge to end users. Starting in 2008 ZIMTV and ITTF expect to offer packages to end users who will be able to choose from purchasing a single event for US$4.99 or opt for a monthly subscription for US$19.99, which provides access to approximately 10 events per month.
About ZIM
ZIM is an Internet TV service and mobile content provider. Through its global infrastructure, ZIM provides publishing and licensing services for market-leading peer to peer (P2P) Internet TV and mobile content. For more information on ZIM and its customers, partners and products, visit: www.zimtv.biz and www.zim.biz.
About ITTF
Founded in 1926 and incorporated in 1971, the International Table Tennis Federation (ITTF) is the non-profit world governing body of the sport of table tennis (also known as Ping-Pong) with 202 member national associations from all Continents. The ITTF holds annual World Championships plus international professional and junior competition circuits. Table Tennis, the national sport of China, made it's Olympic debut at the 1988 Seoul Olympic Games and is played in more than 200 countries worldwide. The ITTF with headquarters in Lausanne, Switzerland, and branch offices in Ottawa (Canada) and Shanghai (China) provides development assistance to its member associations to popularize the sport internationally. The International Olympic Committee's own TV audit placed Table Tennis amongst the top five most watched sports during the 2004 Olympic Games in Athens. Table Tennis will enjoy "marquis" sport status at the next Olympic Games in Beijing in 2008.
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BLLN (,0601)Launches New Website - Press Room Gives Easy Access to Surge in Qtrax News Feb 15, 2007 1:47:00 PM Copyright Business Wire 2007 NEW YORK--(BUSINESS WIRE)--
Brilliant Technologies Corporation (OTCBB:BLLN) today announced the launch of its new corporate website (www.blln.net), including a new front page press room that offers convenient access to the large volume of press focused on the company's Qtrax digital music service. Qtrax, which Billboard recently highlighted in a list of "Ten to Track" in the ad supported music arena, is the world's first legal, ad-supported peer-to-peer music service, offering music fans free access to high-fidelity digital music files. Qtrax was recently featured on the front page of the International Herald Tribune and last week appeared in the Wall Street Journal, The Guardian and The Jerusalem Post.
"We are intent on keeping shareholders apprised of Brilliant news, which is now occurring with increasing volume and frequency. It is very gratifying that industry watchers recognize us as the leader in ad-supported free music and as pioneers of a model that is central to the future of music" said Allan Klepfisz, President & CEO of Brilliant.
Qtrax boasts music from major record labels and music publishers including EMI Music, Warner Music Group, Sony/ATV Publishing and Universal Music Publishing, as well as independents including TVT, V2 and the hundreds of labels represented by The Orchard.
About Brilliant Technologies:
Brilliant Technologies Corporation is a technology holding company devoted to research and development leading to commercialization of innovative, proprietary technologies. Through its subsidiary, LTDnetwork, Inc., the Company owns a range of cutting edge proprietary software designed to facilitate and enhance ecommerce. The Company is currently preparing for the launch of Qtrax, the company's innovative P2P file-sharing service, and has already signed deals with Universal Music Publishing, Sony/ATV, Warner Music Group, The Orchard, EMI Music Publishing and EMI Music, TVT Records, Go Digital, ASCAP and BMI. The Company is based in New York, New York and Melbourne, Australia. For more information about Brilliant go to www.blln.net and www.ltdnetwork.com, and about Qtrax to www.qtrax.com.
Source: Brilliant Technologies Corporation
---------------------------------------------- For Brilliant Technologies: Perception Management Rich Schineller 941-918-1913 rich*prmgt.com
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NEXH (.0002) Announces Effective Date for 1-for-10 Reverse Stock Split Feb 15, 2007 3:08:00 PM SALT LAKE CITY, Feb. 15 /PRNewswire-FirstCall/ -- Nexia Holdings, Inc. (OTC Bulletin Board: NEXH), a diversified holdings company with operations in real estate, health & beauty, and fashion retail, announced today that a 1-for-10 reverse split of its common stock will become effective as of the open of market Tuesday, February 20, 2007. Nexia's trading symbol on the OTCBB will change as of the effective date. Once the NASD assigns the new symbol, the Company will announce it publicly. All shareholders on record as of January 11, 2007 will be eligible to receive the split.
"The Board and management team at Nexia believe a reverse stock split is in the best interest of our shareholders. The action of the reverse stock split will increase the market price of our common stock, while reducing the amount of common shares outstanding. Currently, the spread between the ask and bid price is approximately 50%. This reverse split will reduce the ask and bid spread to about 5%, making our shares more attractive to shareholders. We expect this action will also increase our liquidity and visibility, including reaching institutional investors," said Richard Surber, President of Nexia Holdings.
Mr. Surber continued, "I believe Nexia's current market capitalization is grossly undervalued relative to our recent corporate developments and prospects for growth. My belief is that this split will set the foundation to increase our trading activity and enhance our market capitalization."
As set forth in the Company's Form 14C filed at http://www.sec.gov and previous mailing to stockholders, the Board believes that the reverse stock split will enhance the Company's flexibility with regard to the ability to issue common stock for proper corporate purposes that may be identified from time to time, such as financing, acquisitions, compensation of employees, and the establishment of strategic business relationships with other companies or the expansion of Nexia's business or product lines through the acquisition of other businesses or products.
The reverse will be carried out on a 1-for-10 basis, with all fractional shares rounded up to the next whole share. The percentage interest of all existing shareholders will remain essentially the same and the intent is to make the reverse free of any tax consequences for existing shareholders.
About Nexia Holdings, Inc.
Nexia Holdings, Inc., headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. The Company has been acquiring undervalued properties in the Salt Lake City area since the early 1990s. Nexia owns a majority interest in Landis Lifestyle Salon, http://www.landissalon.com, and operates four Black Chandelier retail locations and an online store at http://www.blackchandelier.com. For more information on Nexia, visit http://www.nexiaholdings.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.
This press release contains forward-looking statements that are based on a number of assumptions, including the potential market response to the reverse stock split, the successful completion of the marketing plans and expansion of Gold Fusion Laboratories, Inc. operations. The above statements further assume that Nexia can obtain sufficient capital to execute its announced expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the opening of additional Gold Fusion Laboratories, Inc. locations. Nexia's assumptions are further contingent upon Gold Fusion Laboratories, Inc. being able to properly staff its additional locations. 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.
FOR MORE INFORMATION, CONTACT: Richard Surber, President Nexia Holdings, Inc. 801-575-8073 x 106 RichardSurber*nexiaholdings.com
or
For Investor Relations: OTC Financial Network Rick McCaffrey 781-444-6100x625 rick*otcfn.com SOURCE Nexia Holdings Inc.
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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PYPR (.0027) Fourth Quarter Net Earnings Up 545 Percent Over Third Quarter
Market Wire "US Press Releases "
DALLAS, TX and PANAMA CITY, PANAMA -- (MARKET WIRE) -- 02/15/07 -- PANAMERSA Corporation/PayPro Inc. (PINKSHEETS: PYPR) released their fourth quarter financials today and posted net earnings up 545% over third quarter net earnings for 2006. Actual net earnings for fourth quarter exceeded projections of a 400 percent increase announced December 11, 2006.
"We are excited about the steady rate at which we continue to grow," said Mike Terrell, President of PANAMERSA Corporation/PayPro Inc. "I expect to see this trend increase even more now that we have our foundation solidified and are just starting to execute our business plan. I am extremely pleased to be a part of the amazing grouping of companies that PANAMERSA holds."
Fourth quarter net earnings were $21.6 million verses third quarter net earnings of $3.9 million, with annual revenues of $46.4 million and year end net profits of $27.4 million.
"While we are happy to see these numbers, we are committed to becoming a fully reporting company on our way to becoming a NASDAQ listed company," added Terrell.
PANAMERSA Corporation/PayPro Incorporated (PINKSHEETS: PYPR) is a holding company for a group of business enterprises which promotes the commercial integration of Latin America into the economic development of the Western Hemisphere. PANAMERSA Corporation/PayPro Incorporated is engaged in global e-commerce and e-biz solutions offering interactive e-commerce and e-biz programs in addition to a range of goods and services online including: prepaid Debit cards, e-commerce merchant accounts, life insurance policies, gold transactions, telephony services, text messaging, VoIP, MicroForests properties, real estate investment participations, fixed and variable income real estate properties in Costa Rica and Panama, offshore financial services, asset management and protection, travel services, leisure, business, health, relocation services, and digital marketing services.
Forward-looking statements are not historical facts as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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