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ETIM(.0046) Arranges Significant Private Placement Funding to Propel Next Phases of Growth In other news, audit process nears completion Jul 23, 2007 4:00:00 PM Copyright Business Wire 2007 FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--
Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed image brand name caskets and urns, today announced it has arranged for private placement funding from a New York based private investment firm.
"The infusion of more than $1.2 million means we can accelerate our production and fill a growing backlog of orders, and we can continue to work to add new licenses to our roster," said Clint Mytych, CEO Eternal Image. "In addition, we will now be able to meet the next phase of forecasted demand."
This investment partnership will prevent a future upset in control of the company. Eternal Image management reports that they have already fielded calls from competitors and investment firms. The Company's legal counsel and SEC advisory counsel strongly suggested reorganizing the current share structure to simultaneously accommodate this funding and protect the Company from a hostile takeover.
"Under the current share structure, Eternal Image management controls less than 20% of the total Authorized Shares and the Company as a result is incredibly vulnerable," says Jim Parliament, CFO of Eternal Image. "The Company needs to increase its total Authorized Shares to provide enough Preferred Voting Stock to prevent any unwanted aggressive and predatory action in the open market against the Company," Jim went on to say.
The transaction will raise the authorized share level to 5.8 billion from 2.74 billion. Approximately two billion of the newly created stock is Restricted Preferred Voting Stock. This is not counted against the Total Outstanding Shares, and is registered as such that it only comes into play during a hostile takeover or buyout attempt. Much of the remaining shares will be distributed as Restricted stock to the investment firm responsible for this funding, as well as other Eternal Image managers who comprise the Company-held majority.
"This private placement investment is timed to help Eternal Image reach self-sufficiency as we begin the process of positioning the company to move to the OTC BB," Clint Mytych continued. "The time to set aside this block of Preferred Voting Stock is now, and Eternal Image is adequately protected to thwart any hostile market activity that may be taken against it."
In related news, the company continues to work toward the completion of its financial audit. According to Parliament, the process has included a regular flow of information back-and-forth between the company, its accounting firm and the audit firm. "As anyone who has ever been through an audit knows, it is a process of questions and answers, and it just takes as long as it takes. Everyone's first concern is accuracy. We expect it to conclude shortly."
Eternal Image plans to announce the results of the audit by news release and post documentation on its website, www.eternalimage.net, within 24 hours of receipt.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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RCAA(.30) Announces Final Results of U.S. Mining Performance Evaluation Successful RCAI (OTCBB:RCAA), a world leader in environmentally friendly, productivity boosting release agents for heavy industry, announced today the successful completion of the 60-day performance evaluation of the Company’s Alderox® product at a major U.S. mining operation and that use of the Alderox® product at the mine is now standard operating procedure.
Referring back the Company’s releases since January of this year, this study specifically addressed the financial benefits of increased productivity resulting from the use of Alderox® ASA-12® and RCAI’s custom automated application equipment.
Gordon Davies, President of RCAI, stated, “Although confidentiality agreements preclude us from giving any specific details, we can say that the results of this study proved to the customer the benefits of utilizing the Alderox® product. The Alderox® product and application equipment are remaining in use at this mine as a standard operating procedure.
“We are very pleased with the results of this third party evaluation and believe that it will have a major effect on RCAI’s opportunities in the global mining industry,” concluded Davies.
Alderox® ASA-12® was specifically formulated for use by heavy industry as a 100% natural, environmentally friendly product formulated to eliminate or reduce buildup of materials in mining haulage trucks and on equipment. RCAI is currently working with mining customers throughout the United States, Canada, Mexico and Australia and plans to begin operations in Chile and Peru over the next few months.
About RCAI
Headquartered in San Clemente, CA with offices in Colorado, Utah, Connecticut, Alabama and British Columbia, RCAI manufactures and globally markets its Alderox® line of release agents and lubricants to heavy industry. The company’s patented Alderox® formulations, which are 100% environmentally friendly, biodegradable, non-hazardous and non-toxic, are used to reduce or eliminate the massive problems associated with the build-up of materials in asphalt and mining haul truck beds, on mining and asphalt handling equipment and on concrete forms and molds.
Alderox® products are significantly enhancing productivity in some of the world’s largest mines as well as in the multi-billion dollar asphalt and concrete industries. RCAI’s website is located at www.rca-inc.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
RCAI Nigel Horsley, Vice President Communications 778-998-8827 or Mike Davies, CEO, 949-542-7440
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Vemics, Inc. EP LiveOnline(TM), and EP Global Communications, Inc./ Exceptional Parent Magazine Launch Long-Awaited Exceptional Family Member Program (EFMP) Educational Programs for the U.S. Army BusinessWire - July 24, 2007 9:01 AM ET
Vemics, Inc. (PINK SHEETS:VMCI) a leading provider of Certified Continuing Medical Education (CME) programs in its joint venture with EP LiveOnline, began delivering the first of six U.S. Army programs with its partner EP Global Communications, Inc., parent company of the renowned publication Exceptional Parent magazine.
The first program was delivered on July 9 at the Military Child Education Coalition(TM) (MCEC(TM)) Conference during Exceptional Family Member Program (EFMP) Managers Training, in Kansas City, Missouri. This first program focused on Respite Care and was an overwhelming success. The video streamed version of this program can be viewed and downloaded by going to the EP Web site at http://www.eparent.com.
This is the first in a series of six educational programs that will be delivered as part of an $800,000 U.S. Army Cooperative Agreement Contract. These programs focus on chronic disabilities and are specifically targeted to children and adults in military families that require special medical assistance.
"We are proud to be part of this worthwhile endeavor," said Vemics CEO Fred Zolla. "Our partnership with EP Global Communications continues to involve us in programs that more than make a difference to so many people. Joe Valenzano, CEO of EP Global Communications, really understands the special needs and disabilities community and we are extremely proud to be associated with him and his organization."
Additional programs are scheduled for September, October, and November. September's two-part seminar will focus on Attention Deficit Disorder/Attention Deficit Hyperactivity Disorder (ADD/ADHD), October's two-part seminar will spotlight the Spectrum of Autistic Disorders, and November's offering will deal with Asthma and Airway Clearance. All of the upcoming programs will be broadcasted live to eight Army medical facilities throughout the world except for the respite care program which will be video streamed, and can be downloaded by going to the EP Web site at http://www.eparent.com. Discussions have already begun to expand these programs next year in terms of frequency and distribution throughout all branches of the military.
EP prides itself on offering top professionals for its seminars, and consistently receives positive feedback regarding its presentations. Some responses to the Respite Care seminar follow:
"One of the very best presentations of the conference. The presentation was true. They were dynamic, very personal, and educational. They provided true home experience, showed a very strong partnership. Very impressive. A very good balance of family and law. Dynamic on training for special needs," said Laurie McCauley, Installation EFMP Manager, Fort Riley, Kansas.
About Vemics
Vemics, Inc. is a leading provider of hosted, real-time collaboration and learning applications. Vemics LiveAccess(TM) solutions combine multipoint video/voice and data technologies with industry-specific content, consulting expertise, and deep customer support, enabling organizations large and small to work, collaborate, and learn face-to-face online, from almost anywhere with little or no capital investment. Vemics NuScribe(TM) provides voice-activated solutions for physician transcription and electronic medical record creation. Vemics is based in New York, with offices in Boston, Philadelphia, and Austin (http://www.vemics.com).
About EP Global Communications, Inc.
EP Global Communications, Inc./Exceptional Parent magazine is a 36-year-old publishing and communications company that provides practical advice and emotional support to families of children and adults with disabilities and special healthcare needs - as well as to the physicians, allied healthcare, and educational professionals who are involved in their care and development. EP uses a multimedia approach to disseminate information via its monthly award-winning publication, Exceptional Parent magazine; its Web site (http://www.eparent.com); clinical communications projects; the EP Bookstore, with over 2,000 disability-specific titles, including books, videos, and tapes; and live, online, interactive CME/Continuing Education Units (CEU)-accredited seminars and teleconferences on a wide range of special needs topics.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, integration of NuScribe's business into ours, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, and which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings with www.pinksheets.com. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE: Vemics, Inc.
Martin E. Janis & Company, Inc. Bev Jedynak, 312-943-1100, Ext. 12 bjedynak*janispr.com or Vemics, Inc. / EP LiveOnline Vanessa Ira, 888-810-7706, Ext. 807 vira212*verizon.net or vira*vemics.com or EP Global Communications, Inc. Joseph M. Valenzano, Jr., 201-888-8616 President and CEO jvalenzano*eparent.com
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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