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CRDM (.064) FDA Dispute Resolution Panel Recommends to Not Approve REVELATION(R) Tx Microcatheter System
Market Wire "US Press Releases "
FREMONT, CA -- (MARKET WIRE) -- 04/20/07 -- Cardima, Inc. (OTCBB: CRDM), a medical device company focused on the treatment of atrial fibrillation, announced today that the FDA's Medical Device Dispute Resolution Panel, which met on April 19, 2007, recommended to not approve the Company's REVELATION® Tx Microcatheter System. Even though the Panel commented favorably on the need for this type of device, the Panel felt that efficacy data was not sufficiently clear and supportive for approval.
The REVELATION® Tx system is a minimally invasive, single-use, microcatheter-based product designed to provide easy access to arrhythmia-causing tissue, creating linear lesions or restricted pathways, and restoring normal sinus rhythm to the heart using radiofrequency (RF) energy.
Gabe Vegh, Chief Executive Officer of Cardima, said, "I am disappointed that the Panel voted against the approval of the REVELATION® Tx. Cardima will consider its options regarding this decision in the US. The Company will continue to market its next generation ablation EP systems, which include the REVELATION® T-Flex and the INTELLITEMP®, in the European Union and the rest of the world where it is licensed to promote and sell these products. Also Cardima will continue to search for marketing partners for its US-approved Surgical Ablation System (SAS) and in the markets outside of the US where it is licensed to promote and sell the product. In addition, the Company will continue to promote its Diagnostic System which is approved in the US and the rest of the world."
About Cardima
Cardima, Inc. has developed the REVELATION® Tx, REVELATION® T-Flex and REVELATION® Helix linear ablation microcatheters, the NAVIPORT® deflectable guiding catheters, and the INTELLITEMP® energy management system for the minimally invasive treatment of atrial fibrillation. The REVELATION® Tx, REVELATION® T-Flex and REVELATION® Helix systems and the INTELLITEMP® have received CE Mark approval in Europe. The Company has also developed and obtained marketing clearance in the USA for a Surgical Ablation System, which is used by cardiac surgeons to ablate cardiac tissue during heart surgery using radio frequency (RF) energy. For more information please visit the Company's website at http://www.cardima.com.
Forward-Looking Statements
The statements in this press release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. These include statements included in this press release related to Cardima's amendment to its PMA for treating symptoms of atrial fibrillation including the expected time period for the FDA's review of that amendment and the possibility of receiving approval for the treatment, all of which are prospective. Such statements are only predictions and reflect the Company's expectations and assumptions as of the date of this press release based on currently available operating, financial, and competitive information. The actual events or results may differ materially from those projected in such forward-looking statements due to a number of factors, including risks involved with Cardima's ability to obtain regulatory approval in the United States for its Ablation System for use in treating the symptoms of atrial fibrillation within its anticipated timeframes, if at all; risks associated with the Company's ability to successfully commercialize its Cardiac Ablation System in the United States and elsewhere if its Cardiac Ablation System is approved for use in the United States; risks associated with the Company's dependence on patents and proprietary rights; risks associated with the Company's protection and enforcement of its patents and proprietary rights; risks associated with the development or availability of competitive products or technologies; and the other risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of these forward-looking statements.
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VCSY(.02) Files Patent Infringement Lawsuit Against Microsoft Corporation FORT WORTH, Texas, April 20 /PRNewswire-FirstCall/ -- Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY)(www.vcsy.com) announced today that on April 18, 2007, Vertical Computer Systems, Inc. filed suit for patent infringement against Microsoft Corp. in the United States District Court for the Eastern District of Texas. VCSY claims that the Microsoft .Net System infringes U.S. Patent No. 6,826,744.
This release contains 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. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
About VERTICAL COMPUTER SYSTEMS, INC.
Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY) is a provider of administrative software, Internet core technologies, and derivative software application products through its distribution network. VCSY's main administrative software product is emPath(R), which is developed and distributed by NOW Solutions, Inc., the Company's wholly-owned subsidiary. VCSY's primary Internet core technologies include SiteFlash, ResponseFlash, NewsFlash, and the Emily XML Scripting Language, which can be used to build web services. The Company also markets a Managed Baseline Solution comprised of two security products (IA and StatePointPlus(R)). Information on Vertical and its products can be obtained on the World Wide Web at www.vcsy.com.
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Thanks to Wallymac for the initial post: . . . PANAMERSA Corporation Brings on New Management Staff and Outside Firms to Help Strengthen Growth Trend and Communication with Investors
DALLAS, TX and PANAMA CITY, PANAMA – April 20, 2007 — PANAMERSA Corporation (Pink Sheets: PMNS) today announces the addition of two new senior management staff, along with an alliance with outside agencies to help boost Web site content and provide legal guidance for the company.
Lori-Lynn Baker and Brit Chambers, MJ, have joined PANAMERSA Corporation as national marketing director and director of public relations and communications, respectively. Baker holds a bachelor of science from Florida State University and has served in all aspects of marketing, public relations, sales, special events and product launch. She brings more than 25 years of management experience to PANAMERSA and will be responsible for all public relations, investor relations and marketing incentives involving PANAMERSA Corporation and their holding companies. Chambers holds both a bachelor of arts and a master of journalism degree from the University of North Texas, where she is also a member of the adjunct faculty. Chambers will be responsible for the creation, editing and distribution of all public relations materials and will play a role in the announced Web site remap, providing content and copy for the site.
“This is an exciting appointment for me,” said Baker. “This position gives me the opportunity to be involved in the advancement of Pan America and the development of a company that is growing, changing and surprising us daily.”
In addition to the two new management staff appointments, PANAMERSA Corporation has also solidified an alliance with Ideawire, an award-winning, full-service creative firm based in San Antonio, and Friedman and Feiger, a high-profile, 21-attorney, national law firm based in Dallas.
“Ideawire is excited to help create a robust, remapped site for PANAMERSA Corporation, which will provide investors and the public with the information they are seeking regarding PANAMERSA and the company’s holdings,” said Mark Harlien, president/CEO of Ideawire, Inc.
Friedman and Feiger’s specialties in commercial litigation, banking, bank and lending transactions, business transactions, real estate and securities made them a perfect fit for PANAMERSA Corporation.
“We are pleased to have the opportunity to represent such a growing and dynamic company such as PANAMERSA Corporation,” said Lawrence J. Friedman of Friedman and Feiger Attorneys at Law. “We are excited to be a part of the growth and development of Pan America as a whole.”
Added PANAMERSA Corporation CEO Mike Terrell, “I feel these additions will bring strength to PANAMERSA Corporation and also allow us to better communicate our passion and mission with the outside world and our valued investors. PANAMERSA is a company built on the strengths of our employees and I know all of the announcements today will only further fortify our brand and image throughout the world.”
From Panamersa website
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XDSL(.152) Creation of AlwaysReady, Inc. to Benefit XDSL Shareholders Apr 21, 2007 10:34:00 AM Copyright Business Wire 2007 LITTLE FALLS, N.J.--(BUSINESS WIRE)--
mPhase Technologies, Inc. (OTCBB:XDSL) today said that the new subsidiary it announced Tuesday, AlwaysReady, Inc., is designed to benefit the current shareholders of mPhase Technologies in a number of key ways.
"We planned the formation of AlwaysReady, Inc. in an effort to maximize the value to shareholders," said Ron Durando, President and CEO. "By creating the new company initially as a wholly owned subsidiary, XDSL shareholders retain the upside potential of our powerful technologies while we attract the new capital needed to bring our products to market."
The company said that the private placement planned will be limited to 10% of the new company. The new company's structure makes it more attractive to private placement investors who have a specific focus on its proprietary technologies. This strategic move is designed to raise the capital needed to move forward in commercializing its technologies in an accelerated and potentially less dilutive manner.
Ron Durando, President and CEO continued, "While there will be a sale of approximately 10% of the equity of the new company for the purpose of raising this capital, mPhase and its shareholders will retain the remaining 90% thus benefiting from the potential increase of value the market assigns to both mPhase and AlwaysReady, Inc." Our goal is to have Always Ready, Inc. listed on a NASDAQ exchange.
Investors interested in the learning more about the technology can view two videos now on You Tube:
AlwaysReady, Inc. (a wholly owned subsidiary of mPhase Technologies) is commercializing a "smart" Nanobattery capable of producing current on demand after long term storage, as well as an ultra sensitive magnetometer with significant improvements in sensitivity.
Investors interested in more info can call the mPhase IR agency at (212) 843-9337 or the company at 973-256-3737, x 110, or visit the web site at www.mphasetech.com/AlwaysReadyinc.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB:XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery, the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA Nanotech Briefs in 2005. The company is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life battery. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise orders of magnitude increases in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
Source: mPhase Technologies, Inc.
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TAKDF(.187) announces change of independent auditing firm Apr 21, 2007 9:30:00 AM CALGARY, April 21 /CNW/ - TransAKT Ltd. (OTCBB: TAKDF, "TransAKT") announces that Daunheimer & Dow LLP Chartered Accountants, and LBB & Associates Ltd., LLP, Certified Public Accountants, both former auditors of TransAKT have resigned as independent auditors of the Corporation. In place of Daunheimer & Dow and of LBB the board of directors of the Corporation proposes the appointment of Kabani & Company, Inc., Certified Public Accountants, as successor auditor in their place.
About TransAKT
TransAKT Ltd. is a global Voice over Internet Protocol ("VoIP") hardware and network provider for commercial and residential users. The Company's global corporate management team is based in Calgary and Taipei. Taiwan Halee International Co. Ltd. ("HTT") is a wholly owned subsidiary of TransAKT Ltd. The Company trades in the U.S. as an OTCBB foreign corporation listed under the ticker TAKDF.
---------------------------------------------- James Wu President (403) 290-1744; Christian Nielsen (403) 290-1744
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TNOG (.0033) Production Phase Commences After Settlement Reached
Market Wire "US Press Releases "
SAN ANTONIO, TX -- (MARKET WIRE) -- 04/23/07 -- Titan Oil and Gas, Inc. (PINKSHEETS: TNOG) has negotiated its settlement with RR Ventures, d.b.a. Bulldog Well Service. The arrangement was made as part of the management team's multi-phase reorganization plan. "This is an integral step in getting Titan back on track to becoming the company that investors had envisioned. Now we can get on with actual oil and gas production," according to company Vice President Brandon Toth. The payments to Bulldog Well Service will be a combination of cash and restricted stock. The cash component of the settlement will come from the sale of oil and gas from both producing wells and current wells about to go online.
The settlement was reached in an out of court agreement between the two companies after suit had been filed in the 81st Texas Judicial District Court. Both Titan Oil and Gas and Kent Jacobson were named in the suit. While Mr. Jacobson was part of the suit, Titan Oil and Gas management has chosen to sever their ties and make restitution without incurring further complications. "Rather than belaboring the point, we thought this step was important so that Titan could move forward," company president John Marconette stated, when asked to reflect on the agreement.
With the agreement, both management and the company's newly empanelled advisory team came to consensus as to the importance of this part of the first phase. Bulldog Well Service has shown a demonstrable amount of confidence in Titan Oil and Gas' ability to achieve projected production by the terms of the agreement. This agreement also brings to a close the first part of the phased turnaround framework, leading to production as the focus in the management's second phase. Updates will be forthcoming regarding actual production numbers.
ABOUT TITAN OIL AND GAS, INC.
Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration and development of new properties.
Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Titan Oil and Gas, Inc.) contains statements that are forward-looking, such as 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. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
FOR FURTHER INFORMATION PLEASE CONTACT: Titan Oil and Gas, Inc. Investor Hotline 1-210-858-5817 Toll Free: 1-888-601-9983 Email: info*titanoilandgas.com Website: www.titanoilandgas.com
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GRXIE (.0036) Announces Release of Direct Connect Travel Distribution Solution for Tour Company
Market Wire "US Press Releases "
TEMECULA, CA -- (MARKET WIRE) -- 04/23/07 -- GTREX Capital, Inc. (OTCBB: GRXIE) a holding company with subsidiaries doing business in the travel industry, today announced that its Global Travel Exchange subsidiary has completed and released a "direct connect" solution for a leading tour package company that will allow its customers to access travel inventory using Global Travel Exchange's Voyager Network travel distribution platform.
With successful completion of Beta testing by the tour company's clients, transactions can now be booked through the system. Global Travel Exchange receives a fee for each transaction booked through the system.
Voyager Network is a more efficient and cost-effective connection between customers and the tour company, which includes packages and accommodations. Voyager Network's direct connect solution offers vastly improved services while reducing distribution costs for the supplier.
Global Travel Exchange has developed and implemented several XML (Extensible Markup Language) interfaces, in accordance with OTA (Open Travel Alliance) specifications, to ensure a direct connection between the client and the suppliers of travel services. Global Travel Exchange translated the tour company's data to OTA-compliant XML as part of the preparations for the direct connection through Voyager. XML, a cross-platform software and hardware-independent tool for storing and transmitting information, is becoming the standard method to communicate data between servers and between servers and browsers. Global Travel Exchange's high-quality direct connection provides clients with access to higher quality information, translating into more convenience for travelers and travel arrangers.
"The release of this direct connect solution is a highly significant event in the history of Global Travel Exchange," said Ron Lindsay, president of both GTREX Capital and Global Travel Exchange. "Even beyond the revenue implications of this first released direct connection, we expect that the release of this client and its capabilities will lead to an even greater number of connection agreements and completed connections in the near future."
"After a long period of relative silence by the company, the announcement of this successful direct connection is just the start of the process of re-introducing the Global Travel Exchange business model and opportunity to shareholders and the broader public markets," stated Steve Peacock, consultant CEO of GTREX Capital.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with subsidiaries doing business in the travel industry. The company is normally traded under the symbol GRXI, but is currently traded as GRXIE, due to a delinquent annual report, which is expected to be filed shortly. Global Travel Exchange, Inc. (www.gtrex.com), a GTREX Capital subsidiary, has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. GTREX Capital recently acquired all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Gemini Financial Communications, Inc. A. Beyer 951-587-8072 Email Contact
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CYSG(.0009) Council of Supply Chain Management Professionals Visits CAPE Systems Supply Chain Solutions Center in South Plainfield, New Jersey
***Tour followed by Panel Discussion on Sustainability in the Supply Chain***
SOUTH PLAINFIELD, N.J., April 23, 2007 /PRNewswire-FirstCall via COMTEX/ -- CAPE Systems Group, Inc. (CYSG), a leading provider of software technology for packaging design, RFID asset tracking, pallet optimization, inventory and warehouse management, supply chain execution and order fulfillment, announced that on April 19, 2007 it hosted a tour of the Council of Supply Chain Management Professionals at its Supply Chain Solutions, RFID and Test Center located at its corporate headquarters in South Plainfield, New Jersey. These were approximately 55 attendees representing about 35 companies. The tour included, among other things, presentations on environmental sustainability in packaging for the supply chain.
CAPE's Center is situated in a 15,000 sf. warehouse set-up to demonstrate various supply chain technologies in a true application environment. Attendees will take part in hands-on demonstrations, with audience participation, using conveyor, carousel, carts and flow racks to compare the usage, accuracy and thru-put of Paper Picking, Carousel Picking, RF Picking, RF Supported Pick-to-cart, and Pick-to-Light, as well as CAPE's mobile dashboard products for the supply chain. Also on show will be CAPE's RFID Print & Apply product for compliance RFID tagging, its unique 3D RFID Tag Locator Visualization Tool, various RFID Readers, Printers and Labeling and CAPE's 3D Case and Pallet Building Optimization Tools.
About CAPE Systems
CAPE Systems is an international provider of supply chain management technologies. CAPE Systems offers a comprehensive range of software systems and tools, from packaging and pallet optimization software, to integrated warehouse and inventory management solutions, pick-to-light systems, RFID asset tracking and transportation management systems for enterprise wide and collaborative supply chain optimization. For more information about CAPE Systems visit: http://www.capesystems.com.
Safe Harbor
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to safe harbor provisions of the Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.
SOURCE CAPE Systems Investor Relations of CAPE Systems, +1-908-756-2000
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BKMP (.0003) Continues to Purchase Shares Pursuant to Its Share Buy Back Program
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 04/23/07 -- Blackout Media Corp. (PINKSHEETS: BKMP) is pleased to inform its shareholders that it has purchased another 175,000,000 shares as part of the stock buy back program, this in addition to the 491,000,000 shares it has purchased, bringing the total share purchased pursuant to the share buy back plan to 666,000,000.
"We feel like most companies involved in a share buy back that buying shares in our company at what we consider below current market valuation is smart business for the company and for the shareholders," stated Sandy Winick, President of Blackout.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
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BLYC(.0008) Signs Letter of Intent to Acquire Radio Forecast Network
Monday, April 23 2007
BEVERLY HILLS, CA -- (MARKET WIRE) -- 04/23/07 -- Bentley Commerce Corporation (PINKSHEETS: BLYC) (www.bentleycommerce.com) today announced that it has signed a nonbinding letter of intent to acquire Radio Forecast Network (www.radioforecastnetwork.com) which provides "recorded-live" weather reports to radio stations in exchange for advertising inventory it sells to clients nationwide. The acquisition of RFN is dependent on the Parties completing due diligence and executing a Final Agreement. Radio Forecast Network, founded by Larry Usner in 2004, currently earns over $600,000 per month in radio spot advertising inventory on 216 radio stations in 37 states in addition to Puerto Rico and the Virgin Islands that it then sells to advertisers. It receives the advertising inventory in exchange for delivering over 40,000 professionally recorded-live weather reports that air about 500,000 times each month. It has been growing at the rate of 40% per year, adding an average net gain of four to five new client stations per month. RFN's rapid growth is due to a unique combination of bartering its recorded-live forecast services for advertising time on the stations, and its proprietary ManageWX(TM) software. With its software, more than 80 professional announcers and meteorologists now provide client radio stations with "recorded live" weather feeds specific to their coverage areas, using their call letters, a custom open and close that can include a sponsor, and a jingle, all at 100% barter. ManageWX(TM) announcer software, allows the 80 meteorologists and forecasters on the RFN team to see, in one screen shot, exactly how each affiliate station wants their weather presented -- the open, the close, the sponsor, the length of the feed, the daypart in which it airs, and, of course, the weather data specific to that station's coverage area. Once recorded, it's uploaded to RFN's website and available for download by the station, either through RFN's partnership with Digital Jukebox and its "Radio Spiders" software and the station's automation system, or manually by a station staff member. Many radio stations, which have been reducing their own staffs, have leapt at the opportunity to obtain the weather forecasts with bartered time instead of cash. The radio stations can then attract cash-paying advertisers to sponsor their local weather forecasts, which typically have resulted in RFN receiving long-term contracts. The advertising space RFN receives airs at excellent times, between 6am and 6pm . It sells this advertising for cash (typically at a discount) or can use it to sell others' products and services for a revenue share of sales. Because of its proprietary software, RFN can quickly ramp up 10-fold with little additional operational expense, to attract a greater share of the approximately 9,998 domestic commercial radio stations. This is important because the more stations RFN provides their services to, the better the national coverage RFN can offer to advertisers. This in turn, makes the media more valuable and reduces the discount rate RFN may offer on advertising sales. In addition to expanding its weather forecast business, Bentley Commerce plans to exponentially grow RFN advertising inventory by providing content beyond local weather reports to broadcast radio clients. New content may include recorded-live sports, news and stock market micro-cap reports. Plans are also underway to expand to other countries, as well as provide services to emerging new media, such as the Internet in exchange for advertising inventory. About Radio Forecast Network: Radio Forecast Network, which began with one station and one announcer in February 2004 , has grown to more than 80 professional announcers and meteorologists. It uses its own proprietary announcer software, ManageWX, to deliver and monitor nearly 40,000 forecasts a month, as well as advertising insertion orders along with proof of performance affidavits. Its announcers deliver personalized weather feeds for local radio stations for their precise coverage area that can include the stations' call letters, an open and close, a weather jingle and even a sponsor, all at 100% barter. About Bentley Commerce Corporation : Bentley Commerce Corporation (PINKSHEETS: BLYC) (www.bentleycommerce.com) provides barter, trade, media, asset management and alternative capital financial transactions for small to midsize businesses, Fortune 500 companies, governments, and barter exchanges. The company facilitates traditional and online trade transactions that greatly expand liquidity and improve bottom line profitability. Forward-Looking Statements: The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law. Contacts:
Bentley Commerce Corporation Bruce Kamm Email Contact Phone: 941-870-4952 www.bentleycommerce.com
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CIRT (.016) Forms Online Subsidiary to Sell Offshore Products to Sell Through E-Commerce and Provide Services to Sellers of Multiple Auction Sites
Business Wire "US Press Releases "
SALT LAKE CITY--(BUSINESS WIRE)--
CirTran Corporation (OTCBB:CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today announced that it has formed a new wholly owned marketing-driven subsidiary to sell its products via the internet, to offer training, software, marketing tools, web design & support as well as other E-commerce related services to internet entrepreneurs, and to telemarket directly to previous buyers of its products & services.
CirTran signed a three-year Assignment and Exclusive Services Agreement for its subsidiary -- CirTran Online Corporation (COC) -- with Global Marketing Alliance (GMA), founded by Mr. Sov Ouk, and its affiliate companies, Online Profit Academy, LLC, and Online 2 Income, LLC including Webprostore.com and Myitseasy.com. Based in the Salt Lake area, the companies offer a wide range of services for E-commerce including eBay sellers (Nasdaq:EBAY).
CirTran also signed a three-year Employment Agreement with Mr. Ouk to serve as Senior Vice President of the new subsidiary.
New Sales Territories, Increased Margins
"CirTran launched COC to establish new sales territories through the e-commerce Web portal and also by directly telemarketing to tens of thousands of hosted clients, buyers of products we've made," said Iehab J. Hawatmeh, its chairman and CEO, noting that selling via e-commerce and telemarketing should "dramatically increase profit margins on these services & products."
Mr. Hawatmeh said that by working with GMA and Mr. Ouk, "CirTran Online should hit the ground running. GMA and its affiliate companies are all steeped in the entrepreneurial spirit of Sov Ouk, and have flourished in the world of e-commerce sales, hosting and auctions. By joining forces with the GMA team, CirTran will be able to leverage and blend their success in training, marketing and sales together with our success as one of the most successful manufacturers of products for the direct response/sold-on-TV marketplace and in the direct response industry, including production of TV infomercials."
GMA and its affiliates offer a range of complementary capabilities and products for e-commerce, including seminars on how to buy and sell on the World Wide Web. GMA has helped build tens of thousands of e-commerce websites and currently host sites for internet entrepreneurs.
"CirTran will now be able to present this army of online sellers with attractive opportunities to offer products we have manufactured to sell directly on web stores or multiple auction formats," he said.
Mr. Hawatmeh said GMA will also develop Web sites and manage online marketing for some of its new and already-popular sold-on-TV products, including The Real Deal Grill(TM), a contact cooker endorsed by four-time former heavyweight champion Evander Holyfield, the True Ceramic Pro(TM) hair styler, the HotLashes(TM) heated eyelash curler, and a makeup kit licensed from John Maldonado.
'New Opportunity' in Telemarketing
Mr. Hawatmeh described the plan for CirTran Online to also sell via telemarketing as a "new opportunity with unlimited potential, cost-effectively trimming our marketing and media costs while increasing income and profit margins on every sale.
"Our efforts will not be simply 'dial and sell,'" he said. "COC will be demographically direct in its approach, telemarketing to those previous buyers of products we manufactured, telling them about new and exciting products from CirTran. This is an innovative and highly targeted approach," Mr. Hawatmeh said. "It is an approach we believe will be both effective and cost-effective for our new subsidiary, the parent company, and our shareholders."
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTCBB:CIRT)(www.CirTran.com) is a premier international full-service contract manufacturer. Headquartered in Salt Lake City, its ISO 9001:2000-certified, non-captive 40,000-square-foot manufacturing facility is the largest in the Intermountain Region, providing "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities while reducing costs and ensuring speedy time-to-market. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore Technology Corporation in 1997. Continuing to grow, in 2004 CirTran formed CirTran-Asia as a high-volume manufacturing arm and wholly owned subsidiary with its principal office in ShenZhen, China. Today, CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment, and household products manufacturing, focusing on the multi-billion-dollar direct response industry.
This press release contains 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. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. The Company disclaims any obligation or intention to update any forward-looking statements.
All trademarks are properties of their respective owners.
Source: CirTran Corporation
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SPNG (.18) Receives Order from Turtle Wax(R) for 19,390 Additional Car Wash and Car Wax Units
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
Spongetech Delivery Systems, Inc. (OTCBB: SPNG.OB) is pleased to announce they have received an additional order of 19,390 Car Wash and Car Wax units from Turtle Wax(R). All units will be sold under the Turtle Wax(R) brand name. Turtle Wax(R) distributes to over 10,000 locations world wide.
Turtle Wax(R) is the number one selling brand of car care products in the world with sales in 90 countries. Founded more than 60 years ago in Chicago, the company is recognized for manufacturing appearance and performance car care products for the retail consumer market and the commercial car care and professional detailing industries.
Spongetech is currently receiving strong interest from additional large retail chain stores across the country. Most recently, the Companies Car Wash and Car Wax System was voted one of the seven best new products at the Automotive After Market Products Expo in Las Vegas. Spongetech seeks to quickly become a household name due to the companies' safe, low cost, high quality, biodegradable sponges and cleaning products.
The companies' specially configured sponges contain an outer contact layer and an inner matrix. Within this inner matrix of the sponge contains specially formulated soaps and wax. When the sponge is applied to a surface with minimal pressure, the soap or soap and wax are simultaneously applied to the surface. When the sponge is not in use, the hydrophilic matrix holds the soap so that it does not leek out of the sponge. This no leek system allows each sponge to wash as many as eight cars.
Steven Moskowitz, Chief Financial Officer of Spongetech Delivery Systems stated "We are honored to continue receiving orders from the world leader in car care products. Our company remains focused on providing cutting-edge, high quality, care car products on a global scale."
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.spongetech.com.
About Spongetech Delivery Systems
Spongetech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Source: Spongetech Delivery Systems, Inc.
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IPKL (.0003) Signs a 3-Way Partnership to Deliver All-in-One Wireless Mine Safety Offering for the U.S. Mining Industry
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 04/23/07 -- iPackets International, Inc. ("iPackets") (PINKSHEETS: IPKL), a developer and provider of wireless communications software and equipment for the mine-safety industry, is pleased to announce that it is partnering with AFL Network Services' Enterprise Division, and Kentucky-based Mainline Communications ("Mainline") to deliver an all-in-one comprehensive wireless mine-safety offering for the U.S. mining industry, which will be tailored and configured to meet each client's needs.
The U.S. offering, branded as Mine-1-1, will be powered by iPackets' iPMine mine-safety product, AFL Network Services' MobileNet(TM) product, network design, and integration, and Mainline's sales and marketing expertise, communications installation and deployment services. Mainline is also the exclusive distributor for AFL Network Services' MobileNet(TM) product in the mining industry.
"This partnership between iPackets, AFL Network Services' Enterprise Division and Mainline is truly unique in the mine-safety industry since it provides clients with the best of breed solutions encapsulated in a single offering," says Naiel Kanno, president and CEO for iPackets. "We are delighted to enter the U.S. market with AFL Network Services' Enterprise Division and Mainline."
"This partnership provides a one-of-a-kind solution to the mining industry," stated Miner Lawrence, Director of Program Management & Advanced Solution Systems for AFL Network Services' Enterprise Division. "We are pleased to partner with iPackets and Mainline and look forward to implementing this solution in the very near future."
AFL Network Services' MobileNet(TM) product allows end users to extend their network to virtually any remote location that may otherwise be geographically impossible to get to, or be used as part of a disaster recovery solution. Recent subterranean wireless tests, both 802.11 and 900 MHz, have been performed and shown to produce successful results.
Michael Fox, a principal owner of Mainline, expressed the importance of the products and services the partnership is offering, stating that, "Since our company is headquartered in Eastern Kentucky, an area where the mining industry has historically been prevalent, we are acutely aware of the urgent need to improve mine safety, specifically in the areas of tracking, monitoring and communicating with underground miners. Our geographic advantageous location and relationships with decision makers in the mining industry provides us with unique opportunities to market and deploy this solution effectively and efficiently. Most importantly, we are very proud to be part of a solution that will improve safety conditions in mines and will most certainly save lives in the future."
About AFL Network Services
AFL Network Services' Enterprise Division, is headquartered in Charlotte North Carolina, and is a wholly owned subsidiary of Japanese conglomerate Fujikura, Ltd. AFL Network Services, with 35 field offices in the U.S. and over 1300 employees, provides telecommunications installation and maintenance services in the enterprise, wireline and wireless markets. For more information on Fujikura, Ltd., visit www.fujikura.co.jp. For more information on AFL Network Services, visit www.AFLnetwork.com. For more information on the MobileNet(TM) product, visit www.AFLmobilenet.com.
About Mainline Communications, Inc.
Kentucky-based Mainline Communications specializes in mine-safety and telecommunications solutions throughout the United States. Through its partnerships, Mainline tailors these solutions to prospective clients. For more information, visit www.mainlinecomm.com.
About iPackets International, Inc. and iPMine
iPackets International is a developer and provider of wireless communications software and equipment for the global mine-safety industry. iPMine, the company's flagship product designed to significantly improve the safety of miners and equipment, is a real-time two-way wireless communications solution that tracks, monitors, and communicates with miners and equipment underground and above ground. For more information, visit www.ipackets.com.
Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
Contact: Mr. Naiel Kanno President and CEO 1 (778) 328-9005
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PPTL (.013) Announces Additional Seismic Acquired Adjacent to Its Boyne Lake Flowing Oil Sands Prospect, for a Total of 7 Lines / 31kms
Market Wire "US Press Releases "
CALGARY, ALBERTA -- (MARKET WIRE) -- 04/23/07 -- Premium Petroleum Corp. (PINK SHEETS: PPTL) is pleased to announce that the Company has acquired an additional 4 lines of seismic data totaling 23kms (14 miles) in length, on lands adjacent to the discovery well on its Boyne Lake Flowing Oil Sands Prospect. The Company now has acquired 7 lines of seismic totaling approximately 31kms (19 miles) in length.
Seismic utilizes sonic imaging technology. The objective of the seismic acquisition program is to create a picture of the geologic structure which emerges from the processing and interpretation of the seismic data. It becomes particularly meaningful when the seismic picture collaborates the geologic mapping. This collaborating evidence provides a powerful tool in determining anomalies and optimum drill location(s) within those anomalies. Therefore, seismic becomes an important guide or tool in the acquisition of additional lands.
"Upper Grand Rapids" zone: Management was anticipating that the primary target "Upper Grand Rapids" zone would contain natural gas reserves, similar to nearby wells. This zone was perforated, and gas was absent so a temporary cap was placed on the well. After 5 or 6 days the well was checked again, and much to the delight of management, an approximate 250 meters (800 foot) head of oil was present in the well bore - evidence that we had encountered Oil Sands, but even more significant, Flowing Oil Sands In accordance with Alberta Energy's designation, our project is categorized OIL SANDS; located in the Cold Lake Oil Sands district.
The significance of Flowing Oil Sands is that expensive mining and recovery methods are unnecessary, as conventional pumping methods can be used for recovery of the oil.
As no one else in the area is producing oil from this Upper Grand Rapids zone, we have made a New Pool Discovery.
Management continues analysis for the optimal drilling program to exploit the pool. It is anticipated that horizontal drilling technology will be utilized, and according to our in-house engineering calculations, could result in production rates ranging from 100 to 120 bopd (barrels of oil per day per well).
According to the Petroleum Economist: "Although tar sands occur in more than 70 countries, the bulk is found in Canada in four regions: Athabasca, Wabasca, Cold Lake, and Peace River; together covering an area of some 77,000 km2. In fact, the reserve considered to be technically recoverable is estimated at 280-300 Gb (billions of barrels), larger than the Saudi Arabia oil reserves (optimistically) estimated at 240 Gb. The total reserves for Alberta, including oil not recoverable using current technology, are estimated at 1,700-2,500 Gb."
Boyne Lake Flowing Oil Sands Prospect: is located approximately 100 km (62 miles) north east of Edmonton in the Province of Alberta, Canada. Northern Alberta has been the subject of significant interest over the past years where major tar sand oil and Bitumen have been discovered, and is currently being refined or in the process of development by oil companies such as Suncor, Syncrude and Synenco.
Bruce A. Thomson, B.A.Sc.; President & CEO states: "we are excited to report that as a junior oil and gas company we have discovered a New Pool of Flowing Oil Sands. Seismic technology coupled with good geology helped us find the New Pool, and I am convinced that additional seismic technology coupled with additional good geology will help us expand the New Pool".
About Premium Petroleum Inc.
Premium is set to exploit petroleum and natural gas reserves in an environment of unprecedented commodity prices and under the guidance of a highly qualified management and technical team.
Premium is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in the Western Canadian Sedimentary basin to 6000 feet in depth. Management intends to pursue a growth strategy through Land Assembly, Joint Ventures (Farmin / Farmout), and Acquisitions. The Company has assembled a seasoned team of managers and technical professionals in the areas of geology, engineering, and legal. With the depth of the management and technical team we have assembled, Premium is poised for aggressive asset growth and development".
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.
Contacts: Premium Petroleum Inc. Bruce A. Thomson, B.A.Sc. President & CEO (403) 264-2710 Email: brucethomson*premiumpetroleum.com Website: www.premiumpetroleum.com
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International Star: Caddo-Bossier Parishes Port Advances Port Project Funding
SHREVEPORT, LA (EWORLDWIRE) Apr 20, 2007 6.29PM
The bond process for a metals extrusion company at the Port Shreveport-Bossier has moved forward after commissioners approved an inducement resolution on April 19, 2007. This would bring a new facility and jobs for approximately 25 employees to the Port. International Star, Inc. uses new technology to extract precious metals from iron and iron bearing ore according to Acting President Joseph E. Therrell, Jr.
The Caddo-Bossier Parishes Port Commission approved the preliminary resolution authorizing the port commission to incur debt and issue not exceeding $7 million of bonds. It is still to be determined whether the bonds will be tax exempt or tax revenue bonds. The port would act as a conduit for the bonds and it would not be responsible for loaning or repaying any money, said Donald Cunningham, Jr., the port's bond counsel. "It's on the company," he said.
The unanimous approval of the resolution means the port wants to move forward with the project and allow the company to get tax exempt or lower financing. Typically, this is a 120-day bond process that includes getting approval from the state bond commission in Baton Rouge.
Eric England, executive port director, indicated that I-Star has an aggressive timetable for development and anticipated that the plant could be operational at the port by the year's end.
Additionally, International Star, Inc. has signed an agreement to hire Brian Morrison who has 24 years SEC and securities experience as consultant on the company project and operations.
About International Star, Inc. International Star, Inc. (OTCBB: ILST) maintains its corporate headquarters in Shreveport, LA and owns interests in mineral rights in Arizona that, subject to having adequate financial resources, it intends to exploit through the extraction of gold and other precious minerals from the rights it has acquired. More information about International Star, Inc. and its business activities can be obtained by calling International Star, Inc. at (318) 464-8687.
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
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WGLT (.0002) and Open Road T.V. Complete Filming of "XX Chromes"
Market Wire "US Press Releases "
ORLANDO, FL -- (MARKET WIRE) -- 04/23/07 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLT) announced today that it has completed the 30-minute pilot of "XX Chromes" in Green Bay, Wisconsin this past weekend. The bike build was completed in five hours and five minutes, which is a new record. Gina Woods from Open Road T.V. hosted the show, which included many interviews with bike enthusiasts and ten Green Bay Packers. The 30-minute pilot will be edited within two weeks and presented to several networks for the purchase of a complete 13-week series.
"This is a very exciting project for WGL Entertainment and diversifies our entertainment content into a popular and growing segment of the T.V. industry," said Mike Pagnano, CEO WGL Entertainment Holding, Inc.
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment is the producer of the WGL "Million Dollar Shootout" Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2007 and beyond.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
For more information contact:
Michael Pagnano WGL Entertainment Holdings, Inc. 1-407-328-8538
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BRANDON, Vt.--(BUSINESS WIRE)--Nexus Nano Electronics (Pink Sheets:NXNO - News) announced today the receipt of orders from a leading edge company that provides high-performance time and frequency products and services, precision optical time/frequency distribution, two-way timing technology and custom timing systems for government agencies, aerospace and defense customers.
It is estimated that the new contracts will be for about $3 million of business for the first year. Shipments will start by the end of this month.
These electronic components and assemblies were being produced off shore but the customer feels that Nexus has the ability to provide product at higher quality levels and faster turnaround from order to delivery than their present source, Nexus has also been able to supply the product at comparable cost, and quality and the Nexus product is preferred when all costs are considered.
In addition, the Nexus "voice of the customer" strategy and culture works hard at listening to our customers and responding to their changing needs. Mel Roseman, Chief Operating Officer of Nexus Nano Electronics said "We believe that this is the major factor in the surge of new business we have seen in recent months. Our customers know that we really care about them and live up to what we promise."
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Banyan Corporation (OTCBB:BANY), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced that it has filed its audited annual financial statements for the year ending December 31, 2006. Highlights include an increase in revenue from $1.09 million in 2005 to $5.45 million in 2006, an increase of over 400% as a result of the successful introduction of the VT3000 diagnostic machine and the growth of Premier Medical Group and Virtual Medical Systems. Stockholder equity jumped to a positive $793,498 from a negative $701,513 the prior year.
Operating subsidiaries Premier Medical Group and Chiropractic USA both posted positive operating incomes.
Banyan CEO, Michael Gelmon states, "I am very pleased to report these record revenues and positive cash flows and I expect that our growth will continue through 2007 and beyond. We remain focused on developing our diagnostic business and especially the huge opportunity for growth with our revolutionary VT3000 Nerve Velocity Testing Machine. In addition, our Chiropractic USA subsidiary and its franchises are already the largest Chiropractic franchise operation in North America."
Based on the above information, the company is forecasting estimated annualized revenue of $7 million for 2007.
For further information, interested parties can access this filing on the EDGAR website.
About Banyan Corporation:
Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc. is focusing on the development of branded Chiropractic clinics throughout North America by way of franchising and the use of uniform operating systems and practices. The company's other subsidiaries, Premier Medical Group LLC, and Virtual Medical Systems, Inc., provide diagnostic testing services to physicians nationwide in addition to marketing the VT3000 Electro-diagnostic testing machine.
This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.
Source: Banyan Corporation
-------------------- The difference between genius and stupidity is that genius has its limits
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CRGO (.004) Signs Three Year Deal With Global Consumer Packaging Company
Market Wire "US Press Releases "
INWOOD, NY -- (MARKET WIRE) -- 04/23/07 -- Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (BERLIN: CD6) (FRANKFURT: 217026) today announced that its subsidiary, Cargo Connection Logistics - International, Inc., has signed an agreement with Rexam PLC to provide "just in time" inventory and warehouse services for one of the London-based firm's manufacturing plants in the Chicago area.
Rexam is one of the world's leading consumer packaging groups and the world's leading manufacturer of beverage cans. The company, which has annual sales in excess of £3.7 billion, has recently opened a manufacturing line in Elk Grove Village, Illinois to produce a new, innovative product. At that facility, Cargo Connection Logistics will provide the production plant with as needed raw materials and also provide distribution for finished merchandise out of its Bensenville operation. Rexam serves the beverage, beauty, pharmaceuticals and food markets with around 100 manufacturing operations in more than 20 countries. Rexam employs more than 22,000 people in more than 20 countries.
Cargo Connection Logistics and Rexam have been working on this partnership for some time. According to Scott Goodman, Chief Operating Officer of Cargo Connection Logistics Holding, Inc., they should begin providing services to Rexam immediately.
According to Goodman, Cargo Connection Logistics will store and transport Rexam's raw materials, which will supply its manufacturing line in Bensenville, and then pick up finished merchandise and hold those goods for distribution.
"We are very excited about this new opportunity and we are quite proud that Rexam has chosen Cargo Connection Logistics as its primary warehouse/logistics vendor for this new operation," said Goodman.
Goodman went on to state that this new business will occupy approximately 50 percent of the space that was available in Cargo Connection Logistics' Chicago facility and will bring the operation to a new level in the supply chain.
"What is particularly gratifying is that by venturing into this operation, Cargo Connection Logistics has once again proven its ability to diversify into all areas of the third party logistics business," said Goodman. "This is part of our core business and we will continue to explore all avenues to grow our existing enterprise while seeking ways in which we can further diversify and expand from this solid base."
About Cargo Connection Logistics Holding, Inc.
Company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc. (formally Mid-Coast Management, Inc.), which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA; and San Jose, CA. Cargo Connection Logistics is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, with service areas throughout the United States and North America. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. They have U.S Customs Bonded Container Freight Station operations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. They also have a General Order Warehouse operating in New York.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including, without limitation:
-- the Company's ability to increase its revenues, including by obtaining contacts with foreign shippers; -- the Company's financial condition, including its ability to continue as a going concern; -- the effect of the Company being in default on its indebtedness; -- the Company's ability to raise additional capital; -- the Company's reliance on key personnel and independent agents; and -- the Company's vulnerability to economic and industry conditions
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MUME (.0002) Reverse Split Will Go Effective April 27, 2007
PR Newswire "US Press Releases "
BEVERLY HILLS, Calif., April 23 /PRNewswire-FirstCall/ -- Muller Media, Inc. (Pink Sheets: MUME) (www.muller-media.com) announced today that its 1-1000 reverse split approved by shareholders will be implemented in the market on April 27, 2007. The company continues to work on hard pre production of "Never Submit," in which it has an agreement to purchase an equity interest of up to 20%. The company's reverse split was approved to attract investors to enable it to finance "Whiskers," a feature film which the company has not met its financing obligations on due to the inability to attract investors due to the decline in price of its common stock.
About Muller Media
Muller Media is a film production company dedicated to the production of high-quality family feature films, with ratings of PG or G. According to a study made by the Dove Foundation of films made in the years 1989 through 2003, family films are 11 times more profitable than their R-rated counterparts. With "An Ordinary Hero," which is expected to have a PG rating, the company will now be competitive in the 50% of the movie-going market comprising 12-29-year-olds who frequent "PG" rated films.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc., and members of its 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.
Imperia Entertainment, Inc. James Hergott 310-275-0089 Vivian Fullerlove 214-564-3359 (Public Relations) musbviv*yahoo.com
SOURCE Imperia Entertainment, Inc.
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FGFC 0017 today announced that it has named Mr. Fauzie Mohamed as the permanent President & CEO of the company.
Monday, April 23 2007 2:16 PM, GMT-05:00 First Guardian Financial Corporation Names Mr. Fauzie Mohamed Permanent President & CEO Market Wire "US Press Releases " NEW YORK, NY -- (MARKET WIRE) -- 04/23/07 -- First Guardian Financial Corporation (PINKSHEETS: FGFC) today announced that it has named Mr. Fauzie Mohamed as the permanent President & CEO of the company. Mr. Mohamed has served as the interim President since January of this year. Mr. Mohamed has also acquired a majority interest in the company; the company will undergo a new name and symbol change to reflect the new direction of the business operations. The name and symbol change will be announced upon its approval by NASDAQ. The company also stated that there will be no reverse split or change in the capital structure of the company. The new name for the company will be New Capital Funding Corporation . Mr. Mohamed stated: "Going forward, we will maintain a sharp focus on meeting all of our stated objectives and will continue to grow the business per its current and new business plan." The Company focuses on NEW Technologies for: NEW eTechnologies, NEW Energy, Clean Environment, Responsible Mining. The Company builds Funds to create Incubation Capital for these Sectors while developing Client Companies through a Financial Network in the Capital Markets to foster the Growth of Incubated Companies with Capital and Business Development Opportunities. FGFC grows with the Companies it fosters that meets its Capitalization Criteria. Mr. Fauzie Mohamed established in 1973 a Professional Practice of Management, Business and Information Systems Consulting (MBISC). He started his Practice as an Independent Consultant in this field, after leaving the Software/Consulting firm in London, England where he started as a Software Engineer in 1969. In addition to his Country of Birth, British Guiana, South America (now Guyana , since independence from Britain in 1966), where he left in 1967, Fauzie lived and worked in: 1. New York City, USA 1967-1968, where he got his Initial Education as a Software Engineer for IBM Mainframe Technologies. (Current Legacy Systems). 2. London, England 1968-1975. Continued Education/Practical Experience: 1969 +. 3. Toronto , Canada 1975-1985. Independent MBISC/IT Consultant. Major Clients. 4. New York 1985 to present: Major MBISC/IT Financial Institution Clients, Wall Street, NYC: CitiBank/CitiGroup, Bankers Trust/Deutsche Bank , JPMorgan Chase, etc. Mr. Mohamed also established in 2001 a Professional Practice of Investment Banking Services, including Mergers and Acquisitions (M&A) and Capital Funding Services. He has been very active and focused in this area since establishing this Practice. He is Entrepreneurial with a broad set of diversified skills in addition to his core competencies of MBISC skill sets. He has also established and operated an International Trading Company during the early 1990s and still gets involved with appropriate Deals/Projects. Mr. Mohamed has compiled an impressive Information Systems/Technology background related to Project Management/Project Leadership, Feasibility, Business Analysis, Requirements Definition, Systems Architecture, Design, Development, Testing and Implementation of large, complex Online/Real Time and Batch Systems. He is a proven performer who has led by example, maintained technical skills and accepted greater leadership and management responsibilities. He is able to successfully handle Projects from conception through to implementation because he has maintained his unique combination of skills. His 36+ years of information systems experience have covered the UK, Canada and the United States , where he has lived and worked on a variety of Projects for various types of clients, designing, building and implementing large, complex application systems. Since 1994, Mr. Mohamed's assignments have been in the Wall Street, NY area. During this time his clients have included Merrill Lynch, Citigroup/Smith Barney, Deutsche Bank /Banker's Trust, Citibank and Chase Manhattan Bank /JP Morgan Chase. Mr. Mohamed possesses a strong background in Mortgage Backed Securities, Securities/Brokerage Systems, Banking Application Systems, Mutual Fund /Investment Systems, and Trade Information Systems; Financial Products Sub-Systems, Branch Electronic Reporting System, Financial Accounting Systems, Mortgage Administration Systems, and Loan Systems. Mr. Mohamed is married with one daughter and is a citizen of the United States and lives in New York City . Mr. Mohamed was educated at the University of London , England. B.Sc. Computer Science. 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. CONTACT: First Guardian Financial Corporation Investor Relations 212-514-5555 or 1-212-363-6342 Fax: 212-658-9539 Email Contact www.guardianfinancialcorp.com
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Spongetech seems to be a hot topic on several boards...as well as several sites.... all have positive news on this. I myself will be keeping a close eye on this. I really like the fact of reasonable price for multiple uses!! On a lighter note they seem to have a sponge for almost every use. Spongetech makes themselves very accessible to contact if you would like to contact them personally for any information!! For an ordinary consumer that is a plus for me!!
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