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HMIT(.20) Announces: Consolidated Mining and Mineral Group Submits Offer to Purchase HMIT for $2.15 Per Share
HMIT Board of Directors Convene to Discuss Offer Details
NEW YORK, May 30, 2007 (BUSINESS WIRE) -- Hidalgo Mining International (PINK SHEETS: HMIT), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that it has received a formal offer from Consolidated Mining and Mineral (CMM), an international mining company, to purchase all the outstanding and issued stock of HMIT for a consolidated purchase price of $2.15 per share. The HMIT Board of Directors has entered negotiations with CMM to discuss the finalization of its offer. In the event that the HMIT Board of Directors accept the described offer, CMM will immediately own the mining rights to the Northern Mexico Coal Property which encompasses nearly 300M tons of discovered and tested coal. At the time of writing coal is valued at $55.00 per ton. The offer submitted by CMM will provide tremendous cash purchasing ability as the offer is based on the total value of the existing mining rights which presently encompasses over 300 million tons of coal.
"Seeking out organizations like Hidalgo is exactly what we are in business to do. Its Northern Mexico property is currently sitting on over 300M tons of coal assets. We are in the business to acquire organizations that hold rights to or own large properties with minable minerals such as coal. With our expertise and wherewithal to immediately institute mining which will produce large amounts of coal production, we are able to re-capture our costs in an expedited time frame. We are excited about the possibility of acquiring Hidalgo and hope that our negotiations will result in a satisfactory conclusion for both companies," stated Mark Klok, CEO of Consolidated Mining and Minerals.
"HMIT has convened its board to discuss all the appropriate details of the CMM offer. Through our vast knowledge about the industry and that of our coal property, we feel that we can reach a conclusion in a timely matter. HMIT will release additional news updating our shareholders of the progress in this proposed acquisition," stated Jeff Bootes, CEO of Hidalgo Mining International.
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (Pink Sheets: HMIT), an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity. Learn more about HMIT by visiting: (www.hidalgointernational.com).
Disclaimer:
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals' future plans. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks detailed in Hidalgo Mining Internationals' periodic report filings with the Securities and Exchange Commission. Hidalgo Mining International undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Hidalgo Mining Internationals' expectations.
SOURCE: Hidalgo Mining International
CONTACT: Investor Relations for Hidalgo Mining International Veronica D. Dunford, 310-729-1223 hidalgo*clientservicesint.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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DPAC(.09)-Next Generation PC Card and PCI Technology Now Available at Quatech ExpressCard and PCI Express Launch Broadens Device Connectivity Product Portfolio May 30, 2007 - 4:31 PM EDT Quatech Inc., a wholly-owned subsidiary of DPAC Technologies Corp. (OTCBB:DPAC) and a leader in 802.11 wireless machine-to-machine (M2M) networking and device connectivity solutions, today announced the availability of ExpressCard and PCI Express Connectivity product lines.
The new ExpressCard product line by Quatech offers users an easy way to add hardware or media to existing systems. The latest technology provides desktop and mobile computer users a consistent, easy and reliable way to connect devices in to their systems. It’s mobile and small-form-factor replaces a conventional parallel bus for I/O devices with scaleable, high speed bus interfaces; improving performance by supporting both PCI Express and USB 2.0 standards. As laptop manufacturers remove the larger PC Card slots, ExpressCards are becoming increasingly more common and popular in new systems.
Quatech ExpressCards are available in one or two port in Ethernet, eSATA 2.0 or RS-232 serial configurations and can be used for both 34cm slots and 54 cm slots. With baud rates up to 115.2 kbps on the standard serial ExpressCards (921 kbps on the performance PCIe-based ExpressCards); Quatech’s ExpressCards deliver faster, modular I/O expansion options for today’s changing mobile computing environments.
In addition to the current ExpressCard line, Quatech will launch an ExpressCard Performance Serial/Parallel Series in July. Available in one and two port, RS-232 and RS-422/485 configurations, the Performance PCIe-based serial/parallel designs maintain higher speeds, true UART registries and addressing to emulate native on board serial and parallel ports
The new desktop system standard to serial connectivity is offered in Quatech’s PCI Express cards and is the successor to server- and client-system I/O expansion. PCIe cards are available in one, two, four or six ports in EPP parallel, RS-232 serial and RS-232/EPP parallel combination boards. With serial bus interface technology upgrades, PCI Express Connectivity products offer many advantages over traditional PCI cards. PCIe cards maximize advanced features including real-time data traffic, data integrity and error handling. Defined by a high performance and scalable serial bus, PCI Express cards are dedicated to the device while multiple PCI Express devices can be active without interfering with each other.
PCI Express reflects an industry trend to replace legacy shared parallel buses with high-speed serial buses, however another notable difference lies in the system bus connectors. Standard PCI bus connectors are manufactured with 120 pins versus PCIe, with only 36 pins. As the new generation of I/O expansion standard cards, the PCIe supports data bus transfer rates of up to 2.5Gbps under one-lane operation, parallel rates up to 1.5MB/sec and is compliant with PCI Express Base Specification 1.0a.
“We are excited about the launch of ExpressCard and PCI Express Connectivity product lines,” said Steve Runkel, Quatech’s CEO. “Advances in PC card technology are moving towards a smaller, compact form; ultimately offering the customer more advantages for new laptops. In our mission to remain the leader in the connectivity space, offering PCI Express and ExpressCard technology confirms Quatech’s commitment to providing reliable solutions that meet the needs of today’s computing environments.”
All PCI Express and ExpressCards by Quatech are RoHS compliant; support Windows® 2000, XP, Server 2003 and Vista platforms; and are available through any of our participating distributors or online at www.quatech.com, at the following list prices:
1 port Gigabit Ethernet ExpressCard (LANPX-1G) - $69 USD 2 port eSATA 2.0 ExpressCard (SATA2PX-100) - $89 USD 1 port RS-232 serial ExpressCard (SSPX-100) - $99 USD 2 port RS-232 serial ExpressCard (DSPX-100) - $149 USD PCI Express to ExpressCard converter (XCD-B-/PCIE-ST) - $99 USD 2 port parallel PCIe card (DP-PCIE-100) - $89 USD 2 port RS-232 serial PCIe card (DS-PCIE-100) - $89 USD 2 port RS-232 serial, 1 parallel port I/O card (DSSP-PCIE-100) - $99 USD 4 port RS-232 serial PCIe card (QS-PCIE-100) - $129 USD 4 port RS-232 serial, 1 parallel port I/O card (QSSP-PCIE-100) - $139 USD 6 port RS-232 serial PCIe card (HS-PCIE-100) - $189 USD Coming in July
1 port performance PCIe-based RS-232 serial ExpressCard (SSPXP-100) - $129 USD 2 port performance PCIe-based RS-232 serial ExpressCard (DSPXP-100) - $179 USD 1 port performance PCIe-based RS-422/485 serial ExpressCard (SSPXP-200/300) - $149 USD 2 port performance PCIe-based RS-422/485 serial ExpressCard (DSPXP-200/300) - $199 USD 1 high performance EPP parallel port ExpressCard (SPPXP-100) - $149 USD For product information, please visit http://www.quatech.com/catalog/pci_express.php and http://www.quatech.com/catalog/expresscard.php for detailed specifications, operating system compatibility and downloadable datasheets.
About Quatech
Quatech enables reliable machine-to-machine (M2M) communications via secure 802.11 wireless or traditional wired networks with industrial grade embedded radios, modules, boards and external device servers. For local and mobile connections, Quatech serial adapters provide device connectivity and port expansion via any interface option. Satisfied customers rely on our unique combination of performance and support to improve bottom line performance through the highest application quality and lower total cost of ownership (TCO). Quatech markets its products through a global network of distributors, resellers, systems integrators and original equipment manufacturers (OEMs). Founded in 1983, Quatech is headquartered in Hudson, Ohio, and merged with DPAC Technologies Corp. (OTCBB:DPAC) in February 2006. www.quatech.com.
Quatech, Inc. Jennifer Mulligan, 330-655-9085 Fax: 330-655-9010 Email: jennifer.mulligan*quatech.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IFSG(.31) Announces 70 Percent Monthly Production Increase at Brazilian Operation April Production up 70% Month-on-Month, to Approximately 3.4 Million Discs May 30, 2007 - 4:01 PM EDT Infosmart Group, Inc. ("Infosmart" or the "Company") (OTCBB: IFSG), Hong Kong's leading recordable digital versatile disk ("DVDR") manufacturing company, announced today that its newest production facility in Bahia, Brazil produced approximately 3.4 million discs in April 2007, compared to 2.0 million discs in March -- a 70% increase. All discs were pre-ordered and sold. Infosmart anticipates May production of approximately 4.8 million discs -- an additional 41% increase over April.
"We continue to be very optimistic about our newest production facility, Discobras," stated Mr. Andrew Chang, Chairman of Infosmart. "As production capacity continues to increase, we expect to be at 100% capacity by the end of May 2007. We believe June will be our first month at 100% capacity, with 6.0 million discs produced."
About Infosmart Group, Inc.
Infosmart operates state of the art DVDR production facilities in Hong Kong and Brazil and is preparing to manufacture new writable High Density media (HD-DVDR). In addition, the Company expects to become one of the largest manufacturers of DVDR discs in Brazil and all of South America this year. Disc media will be the storage media of choice for years to come, whether as HD-DVDR for mature markets or traditional DVDR for developing markets. No other storage media available rivals its combination of high capacity, low cost and exceptional portability.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CVNE (.2535) Centrus Ventures Inc. Announces Stock Split
Wednesday May 30, 8:17 pm ET
BLAINE, WA--(MARKET WIRE)--May 30, 2007 -- Centrus Ventures Inc. (OTC BB:CVNE.OB - News) (the "Company") announced today that its director has approved a 3-for-1 stock split of its authorized and issued shares of common stock. The split is expected to be effective on June 8, 2007.
The Company also announced that it is negotiating a possible merger with Royal Mines Inc., a Nevada corporation engaged in mineral property exploration and development in Nevada and Arizona. The parties anticipate that the merger will be accomplished on a basis that will result in the existing stockholders of Royal Mines Inc. receiving approximately 31,700,000 (post-split) shares of the merged entity. In addition, the Company's principal stockholder, Kevin B. Epp, would agree to surrender for cancellation to the Company 23,500,000 (post-split) shares of the Company's common stock held by him.
As a result of the proposed transactions upon completion of the proposed merger, the Company would have approximately 45,700,000 (post-split) shares of common stock issued and outstanding. The Company has instructed its legal counsel to prepare a formal agreement for the merger. There is no assurance that a formal agreement will be executed or the merger completed.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by jon clogger: I think MSITF signed a $2M contract afterhours today too!!
MSITF(.0001) Signs Multimillion Dollar Sales Contract EDMONTON, Alberta, May 30 /PRNewswire-FirstCall/ -- Medical Services International Inc. (Pink Sheets: MSITF) signed a sales contract that will generate in excess of 2 Million US in cashflow over the next year. The key part of this contract is that the payment terms for product are acceptable to the Company's bankers. In dealing with Companies from under-developed countries, payment terms for products often become the biggest sales issue. The funds will be used to expand the distribution network and develop an aggressive marketing plan for existing products and new products that have been developed and are available for the market. The company continues to sell product in Southeast Asia, Africa and Eastern Europe. The Company gets requests every week from companies wishing to act as distributors of the VScan products. Test marketing of the new products shows that there will be a significant demand for them.
About VScan
The VScan rapid test kit is a single use, easy to use, test for the screening of HIV 1&2, Hepatitis B&C, Tuberculosis (TB), Dengue Fever, Malaria, West Nile, Syphilis and Prostate Cancer. The kits cannot be sold in Canada. Medical Services International Inc. trades in the United States on the NQB Pinksheets under the symbol 'MSITF'. For further information, please contact Robert Talbot at (780) 430 6363 or http://www.medicalservicesintl.com or http://www.minerva-biotech.com.
NOTE: Certain statements in this press release are 'forward-looking statements' within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in company reports and other filings with regulatory bodies.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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DENVER, CO -- (MARKET WIRE) -- 05/30/07 -- DC Brands International (PINKSHEETS: DCBI) is pleased to announce that the company has signed on to be the title sponsor of Heidi Cortez' "Bedtime Stories" book signing event. This party will create massive brand awareness for Turn Left Energy Drink and Dickens Energy Cider, as DC Brands negotiated a fantastic rate that includes prominent placement for both brands. Held at The Manor on June 7, 2007, in New York City, the event will be attended by more than 500 guests.
"The opportunity for exposure and branding at this level doesn't occur often, and we knew it would be the ideal venue to showcase our products," said Richard Pearce, President and CEO of DC Brands. "The nature of the party and those attending perfectly hits our demographic and will create huge exposure for Turn Left and Dickens Energy Cider. We will have signage and product all over the place."
The Turn Left Corvette, DC Brands' major addition to its 2008 retail promotion, will be strategically placed at the entrance of The Manor for all guests to see. The brand new Corvette is wrapped and decorated in Turn Left logos, and Cortez will pose inside the car for photos, which she will then sign for autographs.
Cortez made an initial appearance on the "Howard Stern Show" in 2002, which led to frequent guest spots and caught the attention of Playboy. As her popularity grew, Cortez was approached by Sirius Satellite Radio to take part in a recurring segment on the "Howard Stern Show" called "Tissue Time with Heidi Cortez." An entrepreneur as well, she owns and operates the second largest tanning salon in Nevada, Cabana Tans, and in 2006 launched her first book "Heidi's Bedtime Stories." Since the book's release she has been featured on the "Late Show with David Letterman," "60 Minutes," Esquire and Playboy, among other magazines. Cortez has a massive national fan base and has just released part two of her best selling book "Bedtime Stories," released by New York's publishing giant Simon & Schuster.
As title sponsor, DC Brands will receive coverage on Sirius Satellite Radio, the "Howard Stern Show," Playboy TV, Playboy.com and Maxim Radio in addition to local press assigned to cover the event. A crew will be filming her promo appearances and all of her activities surrounding the release of the book for an upcoming reality show pilot being developed. The organizers are estimating more than 100 VIP attendees will receive gift bags full of Turn Left and Dickens Energy Cider, branded hats, t-shirts and other items. Even better, all cocktails served that night will be mixed with Turn Left and Dickens Energy Cider.
DC Brands, the premier energy drink manufacturer with two unique, successful brands -- Turn Left Energy Drink and Dickens Energy Cider -- is planning an exclusive shareholder event. Taking place in Las Vegas on July 28, the event is only open to shareholders, including those that become a shareholder between now and the end of July.
"Last year the top performing stock on the planet was not a software, biotech or entertainment company -- it was an energy drink company. Hansen's energy drink 'Monster' boosted the company to the top performing stock of 2006, and we believe DC Brands has all the right parts in place to be able to repeat a similar performance," said Pearce.
For more information on DC Brands International, visit their website at www.TurnLeftEnergy.com and DickensEnergyCider.com.
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
CONTACT: Aubrey Cornelius aubrey*sprocketcommunications.com 303.495.2883
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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LLLI (.085) Lamperd Less Lethal Shareholder Update
Business Wire "US Press Releases "
SARNIA, Ontario--(BUSINESS WIRE)--
Lamperd Less Lethal Inc. (OTCBB:LLLI) -- President and CEO Barry Lamperd today issued the following shareholder update:
Dear Shareholder,
The opportunity of a lifetime is at our threshold as we are poised to move dramatically forward to make our mark in the world of less lethal products and training.
Lamperd Less Lethal has recently received a purchase order for $150,000.00 for our (FTS) Firearms Training System from one of the largest energy suppliers in Canada.
We are in the process of re-structuring our sales department. We are moving away from a distribution channel to a dedicated in-house sales force segmented by product and geographical lines. This will enhance the sales process and result in improved sales.
Wasplesslethal will be assembling our 12 ga wasp rounds in the approved DOD facility. This 12,000 square foot facility is operating under the standards and procedures outlined by DOD 4145 and DOD 6055.9 as well as in compliance with DCMA control and inspection.
We are committed to building shareholder value over the long term. Our Company has minimal debt and low overhead to achieve a positive cash flow and to be profitable.
I would like to thank our current shareholders for the commitment and patience over the last 20 months and urge you to hold and continue to add shares. We will be hiring an Investor relations Firm to build an investor awareness campaign and expand the shareholder base to improve liquidity and proper price valuation.
Barry Lamperd
President / CEO
About Lamperd
Lamperd Less Lethal is the developer and manufacturer of a wide range of leading edge civil defense equipment, including less lethal munitions such as the WASP round and the Defender series of launchers, as well acting as a supplier of training and accessories, for the police, military, private security and corrections markets.
Forward-Looking Statements. This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, such as a dramatic move forward to make our mark in the world of less lethal products and training, an enhanced sales process and improved sales and Wasplesslethal assembling our 12ga was rounds in an approved DOD facility. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the firearms and munitions industry and its products and the entry into new markets for our products. These forward-looking statements are made as of the date of this news release, and Lamperd Less Lethal assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time-to-time with the Securities and Exchange Commission.
Source: Lamperd Less Lethal Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WEGY (.35) Continues to Make Strides in the Development of Clean Air Technology
PrimeZone "PrimeZone "
ST. PETERSBURG, Fla., May 30, 2007 (PRIME NEWSWIRE) -- World Energy Solutions, Inc. (OTCBB:WEGY), a company focused on energy conservation technologies and environmental sustainability, announces significant progress in its patent-pending Pure Air Technology. World Energy Solutions' (WES) team has been working closely with Dr. David Mazyck and his colleagues at the University of Florida to develop a working production prototype of an in-home air purification system. This system, which WES has recently purchased the worldwide rights, "sterilizes" the passing of air through a cleansing unit removing practically all bio-organisms and chemical agents. This technology was pioneered as part of research for the space program.
"The Pure Air Technology relies on novel, but less costly ways of removing both biological and chemical agents from the air. Furthermore, Pure Air Technology is more effective than current technologies, and requires less energy," stated Ben Croxton, CEO of World Energy Solutions. "When we purchased the technology we knew efforts to reduce pollution on board the International Space Station would translate perfectly well to revolutionizing air quality in any enclosed space including use in homes, commercial and industrial buildings."
The company's Pure Air Technology was originally developed as part of a NASA-sponsored project to engineer a better way to revitalize air on the International Space Station. WES has since then worked closely with Dr. Mazyck and his team to develop an in-home air purification system.
The novel system will improve the quality of life for millions of asthma- and allergy-sufferers and will also deliver effective protection against bioterrorism by completely clearing the air of all microorganisms and chemical contaminants.
Mazyck and other UF colleagues have authored several papers on their innovation, which have been presented at the annual International Conference on Environmental Systems attended by NASA and other prestigious organizations and companies. Dr. Mazyck and his UF colleagues recently received a Tech Brief Award from NASA headquarters, which is an award reserved for the most innovative technologies. The U.S. Army and the Center for Disease Control have both inquired about the Pure Air Technology.
About World Energy Solutions, Inc. (WES)
World Energy Solutions, Inc. (OTCBB:WEGY) is an Energy Services Company and electronics manufacturer. WES's primary business focus is the development of technology for lowering electrical, gas and water usage for commercial, government and residential facilities. The company owns a novel system that not only purifies the air of microorganisms but also rids indoor environments of chemical contaminants. In recent years, comparative risk studies performed by the U. S. Environmental Protection Agency (EPA) have consistently ranked indoor air pollution among the top five environmental risks to people's health. EPA studies of human exposure indicate that the levels for many pollutants may be 2-5 times higher indoors than outdoors.
For more information about WES please visit its website at www.wesinc.net.
Forward-Looking Statements
Certain matters discussed in this press release are 'forward-looking statements.' These forward-looking statements can generally be identified as such because the context of the statement will include words such as 'expects,' 'should,' 'believes,' 'anticipates' or words of similar import. Similarly, statements that describe World Energy Solutions' future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of World Energy Solutions, which could cause actual results to differ materially from those currently anticipated. Although World Energy Solutions believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and World Energy Solutions does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
CONTACT: ZA Consulting Inc. Investor Relations: 212-505-5976
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SCNI (.27) Announces Settlement in Litigation with American Arium
Business Wire "US Press Releases "
MINNEAPOLIS--(BUSINESS WIRE)--
Scanner Technologies Corporation (OTCBB:SCNI) with headquarters in Minneapolis, MN today announced that it has reached a settlement in its ongoing litigation with American Arium in the U.S. District Court for the Central District of California.
In July of 2005, American Arium instituted an action against Scanner Technologies asking the court for a ruling that certain patents owned by Scanner are invalid and not infringed by Arium's products. The patents relate to the inspection and manufacture of ball grid array devices. In response to the action, Scanner asserted that Arium's products infringe the patents and asked the court to award Scanner a reasonable royalty.
In May of 2007, American Arium approached Scanner to discuss a settlement of the case and the parties were able to reach a settlement agreement. Under the terms of the agreement both parties agreed to drop all claims asserted against each other.
About Scanner Technologies Corporation:
Scanner is a New Mexico corporation that invents, develops and markets vision inspection products that are used in the semiconductor industry for the inspection of integrated circuits. Scanner's headquarters are located in Minneapolis, Minnesota and has a manufacturing facility in Tempe, Arizona. Scanner's stock is traded on the Over-The-Counter Bulletin Board under the symbol "SCNI." For more information please visit www.scannertech.com.
Source: Scanner Technologies Corporation
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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GTCC(.055 )Announces Departure of CFO in Conjunction with Pending Merger Hopes to Close Merger by the End of the 3rd Calendar Quarter 2007
GTC Telecom Corp. (OTCBB:GTCC) today announced that Jerry DeCiccio, the Company's Chief Financial Officer and member of its Board of Directors, has resigned from both positions with the Company to pursue other interests, effective immediately. The Company’s Board of Directors has begun a search to find a successor to Mr. DeCiccio and hopes to have one in place on or before the closing of the expected merger with The Health Network.
Eric A. Clemons, President of GTC Telecom, stated, “Jerry DeCiccio has worked hard to help with the positioning of the Company and the expected, pending merger. On behalf of the Board of Directors, I would like to thank him for his many years of work, and wish him the best in his future endeavors.”
“We continue to mature our relationship with The Health Network and are moving closer to a vote by our shareholders. As this process continues, we will work closely with The Health Network to leverage our core competencies with their expanding growth and potential,” Mr. Clemons concluded.
About GTC Telecom Corp.
Founded in 1997, GTC Telecom Corp. and its subsidiaries provide wireless, long-distance, international calling services throughout the United States, as well as Business Process Outsourcing services from its Perfexa business unit in India. For more information, visit www.gtctelecom.com,www.gtcwireless.com,www.perfexa.com.
About The Health Network, Inc.
Founded in 2000, The Health Network, Inc. and its subsidiaries market and distribute a proprietary line of natural health and nutritional products through a direct sales force of approximately 30,000 members in the United States, Canada and Australia. For more information, visit www.xoomaworldwide.com.
This release may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. This release should be read in conjunction with the Company's annual report on Form 10-KSB and its quarterly and periodic reports on Form 10-QSB and 8-K. The Company's results may vary significantly from quarter to quarter and will depend, among other factors, on product launches and market acceptance, and distribution agreements. Except as expressly required by federal securities laws, the Company undertakes no obligation to update any of the forward-looking statements contained herein.
GTC Telecom Corp. Eric Clemons, 714-549-7700 ir*teamgtc.com
Source: Business Wire (May 30, 2007 - 4:00 PM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by jon clogger: Thanks for your hard work JUICE, even without a "thank you" parade.
Your friends are lucky to know you.
Thanks for the kind words jon clogger I appreciate it and I'm glad to help.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has completed its sale of securities pursuant to Regulation D, Rule 504, of the United States Securities and Exchange Commission.
"The Company has positioned itself to continue its strategic plan for 2007 by acquiring an additional 50 Uranium mining claims, quantifying and valuing its present claims and make application to mine part of its claims. We are also contemplating the purchase of certain drilling equipment if our cost analysis indicates this to be advantageous," said Rick Berman, President and CEO.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims in San Juan County, Utah as of May 31, 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Source: Russell Industries, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WTVI(.003) to Offer Live TV Stations and Video Downloads for iPhones(R) May 31, 2007 11:03:00 AM CARLSBAD, CA -- (MARKET WIRE) -- 05/31/07 -- Speaking about the Wi-Fi TV (PINKSHEETS: WTVI) 90 day website development plan, Wi-Fi TV Founder and Chairman Alex Kanakaris announced today that Wi-Fi TV plans to have several live TV stations available for viewing on the iPhone� when it is released.
"Wi-Fi TV(TM) expects that through our new Wi-Fi TV Mobile platform that we will have six initial Wi-Fi TV Stations playing streaming video on a 24/7 schedule and available for viewing on the remarkable new iPhone�. Wi-Fi TV also expects to have several short form videos that are downloadable to both the iPhone� and video iPod�," stated Mr. Kanakaris.
"The iPhone� is a brilliant design that brings seemingly disparate elements together in one user friendly interface that breaks new ground in design, touch screen technology, mapping technology, and the way the Internet can be viewed and used on a device that is a phone. Wi-Fi TV will go all out to support this wonderful format," said Mr. Kanakaris.
Wi-Fi TV will initially offer Wi-Fi TV Stations for viewing on the iPhone� on several different topics including Music and Politics.
Wi-Fi TV Is a Pioneer In Online TV
Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995. The Wi-Fi TV website is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, get breaking news for each country and category listed, download a dialer and make free phone calls and host live video parties all on one website.
About Wi-Fi TV Inc.
Wi-Fi TV Inc. provides Social Internet TV(TM), a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Wi-Fi TV memberships are free at www.Wi-FiTV.com and include such perks as free online phone calls and free chat and free online parties.
Ownership of Premium Wi-Fi TV Stations is available at $25,000 (full details are on the website www.Wi-FiTV.com). For further details email info*wi-fitv.com.
The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.
Press Relations
Wi-Fi TV Inc. has opened a content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397, info*wi-fitv.com.
Forward-Looking Statements
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 Security 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. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. iPhone and iPod are registered trademarks of the Apple Corporation. There is no affiliation or partnership between Wi-Fi TV Inc. and the Apple Corporation. Wi-Fi TV Inc. intends to use Apple licensed software as part of its delivery package for Wi-Fi TV mobile services. This press release shall not be deemed a general solicitation.
Contact:
Colby Marceau (949) 716-9397 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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PNMS .0012 PANAMERSA Corporation Provides Details for Stockholders to Move to PDR Exchange DALLAS, TX and PANAMA CITY -- (MARKET WIRE) -- May 31, 2007 -- PANAMERSA Corporation (PINKSHEETS: PNMS) is today announcing details for shareholders participating in the upcoming start of trading on PDR Exchange (Panama), Inc.
PANAMERSA Corporation shareholders who wish to participate in trading on the foundation's PDR Exchange must be a beneficiary of Fundacion Pan America. A valid passport will be needed for identification. Current shareholders can begin without a passport, but are being urged to quickly obtain a passport to ensure full functionality of the trading platform. For all trading on the PDR Exchange platform, the account has to be funded to begin trading.
Current shareholders who wish to participate may obtain instructions and all forms by e-mailing PDRExchange*panamersa.com. Shareholders must send their beneficiary application, stock certificate, either signed on the back with a medallion seal or accompanied by a signed stock transfer power form with a medallion seal, to the Dallas PANAMERSA Corporation office via registered mail or overnight service:
PANAMERSA Corporation Attn: Foundation Representative 100 Crescent Court, Suite 700 Dallas, Texas 75201
Due to PANAMERSA Corporation's status as an operating company of Fundacion Pan America, a member of the foundation will be at PANAMERSA's Dallas offices to verify all documents and expedite processes. Once verified, the foundation will process the documents, issue identification numbers and issue a shareholder's receipt (PDR) for stock via PDR Exchange (Panama), Inc. At this time a new account can also be created or an existing account verified for the beneficiary. This process is expected to take 24 hours from the time all documents are received. Fees for trading on the PDR Exchange (Panama), Inc. platform are $10 per trade, and annual fees are set at $249 per year for each account a beneficiary holds within the foundation. To reward current shareholders for their support of the company in the past, PANAMERSA Corporation will pay for the shareholders' first year, if the account is set up within an initial 60-day period, making the first year free for current shareholders. For those who do not currently hold stock certificates, a $99 introductory rate has been extended for the first year, if the account is established within the initial 60-day period. All accounts must be funded to trade. Current shareholders' funding will be established once their certificates are conveyed to the Fundacion; however, a minimum cash balance of $1000 is required for those who do not currently own stock.
"We understand the issues surrounding those with IRAs. These issues will be resolved," added Mike Terrell, CEO of PANAMERSA Corporation. "We welcome any of the brokerage houses that hold IRAs to become beneficiaries of the foundation, which would allow them to trade and hold PDRs on your behalf. Additional Solutions are being researched to insure all IRA holders can participate in the PDR Exchange."
PANAMERSA Corporation (PINKSHEETS: PNMS) 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 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. For more information, please visit www.panamersa.com.
Forward-looking statements are not historical facts as "forward-looking statements" are 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.
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