LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 10/23/06 -- Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced today that it has completed the transaction whereby acquiring a minority interest in two Oil and Gas Prospects known as the Manvel 2000 Foot Miocene Exploration Prospect and the Manvel 4500 foot Oakville Developmental Prospect.
Shallow exploratory wells will be drilled on the Manvel Miocene property to a depth of approximately 2,000 feet. A series of shallow development wells will be drilled on the Manvell Oakville prospect to a depth of 4,500 feet to test offsetting and updip to an already producing Davis No.1 well.
Drilling is expected to begin before year end 2006. Recoverable reserves for the two projects are estimated at 500,000 Bbls for each of the prospects. Net drilling cost is expected at $170,000 and net $100,000 respectively.
Matrixx will continue to seek additional opportunities to add value to its property holdings through acquisition. Matrixx believes that these additional assets will provide the Company and its shareholders a much-improved increase in shareholder value. Further, the Company provided information surrounding this transaction in the 10K filed with the SEC on October 13, 2006.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Konstantine Tsakumis Media & Investor Relations (347) 647-1508 Email: ir*mrhi.net Website: www.mrhi.net Posted by J_U_ICE on :
ECPL (.25) and Alliance Development See an Estimated $22.3 Million in Technology Sales and Related Construction in 2007
PrimeZone "PrimeZone "
CHARLOTTE, N.C., Oct. 23, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) has signed a Letter of Intent with Alliance Development Group. EcoPlus anticipates completing a final agreement by December 31. Alliance expects that full or partial completion of five plants by the end of 2007 should be attainable.
Bill Burk, President of Alliance Development Group said, "The goal of five plants completed or under our development function by the end of 2007 is aggressive but achievable, especially through our exclusive relationship with a worldwide leader in construction management, which gives EcoPlus a highly accelerated build-out potential."
Ralph Rogers, President of EcoPlus replied, "As we stated when we began discussions with Alliance, the relationship could be an important factor in our plans for national distribution of our technology. As proof, Alliance has made introductions to municipal representatives even prior to a formal agreement, and those introductions could lead to multiple municipal technology license purchases. The goals Alliance has set for development and rollout of our technology will push 2007 projected revenues higher than expected."
ECPL (www.ecoplusinc.com) has a patent-pending, commercially proven technology that utilizes an environmentally friendly process for turning this brown restaurant grease into a high quality, solid fuel product. This product can be used as a coal substitute to produce power, as an adjunct fuel in waste heat to energy and steam plant operations and as a fuel for industrial process heat over a broad range of applications. This option to capture BTUs for energy that are normally wasted is highly attractive in the tight energy environment of today.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors created thereby. EcoPlus, Inc. is a development stage company that depends on outside resources to maintain its continuation. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Alliance Development Group, a privately held corporation headquartered in Charlotte, North Carolina, delivers 100% turnkey facilities under Build-to-Suit and Sale Leaseback programs unparalleled in the industry, allowing its clients to expand their locations at a much faster pace. Through an exclusive relationship to provide construction management, Alliance clients receive the best value backed by an exemplary reputation in the marketplace. More information is available on the Alliance website: www.goadg.com, or by calling its President, Mr. William Burk at 704-973-2950.
CONTACT: EcoPlus, Inc. Bill Scherffius, Chief Operating Officer 704-494-0064 Toll-free: 877-494-0064
Posted by osoaz on :
Patriot Scientific Reports Fiscal Q1 Net Income of $5.99M, or $0.014 Diluted EPS PR Newswire - October 23, 2006 16:25 Company Announces Share Buy Back Actions
CARLSBAD, Calif., Oct 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC) today reported net income of $5,990,000 after provision for taxes, or $0.014 per diluted share, for the first fiscal quarter ended August 31, 2006. A copy of the company's Form 10-Q, filed with the U.S. Securities and Exchange Commission, is available on the company's newly redesigned website, www.ptsc.com, where visitors can now sign up for e-mail alerts.
The results included $12,070,198 recorded as the company's 50% share of the net income of Phoenix Digital Solutions, Patriot's joint venture with TPL that is responsible for marketing the jointly owned MMP portfolio license agreements. The company said it had $16,126,000 in current assets including short-term investments and over $9,600,000 in cash and cash equivalents at the end of the quarter. Current liabilities of $4,040,000 included a $3,500,000 provision for income taxes. The company has no long-term debt.
In another matter, the company said it began to buy back stock in July with the repurchase of 2,075,003 shares at an aggregate cost of $1,839,000. In September, the company purchased 1,199,824 shares at an aggregate cost of $934,000. The company said it had 369,536,087 common shares outstanding on October 2, 2006.
Patriot Scientific chairman and CEO David Pohl said, "These results reflect solid progress in pursuing our MMP portfolio licensing strategy through our partnership with TPL. We had a net increase in cash of $5,695,000 during the quarter as we continued to strengthen our balance sheet and our financial structure. We have subsequently used some of the cash for share buy backs in July and September. Shareholders' equity at the end of the quarter was $16,629,000, up from $10,827,000 on May 31, 2006."
Patriot previously disclosed that from June 1, 2006 through October 3, 2006, Phoenix Digital Solutions entered into MMP portfolio license agreements with third parties, pursuant to which Phoenix Digital received aggregate proceeds totaling $32,699,000. The dollar amount for each licensing deal varies. Each amount is dependent on the relevance of the patents to each licensee's revenue and the extent to which the patented technology is incorporated into specific products.
"We are delighted that the strength of our patent portfolio continues to be validated by the 11 licenses that have been signed thus far with major electronics companies, nine of them since January," Pohl stated. "We remain positive in our outlook for continued revenue based on further progress in licensing more of over 300 companies around the globe that have been notified they are candidates."
Pohl also noted that Patriot Scientific is actively evaluating sources and opportunities to create additional recurring revenue through possible joint ventures or acquisitions, all with the goal of increasing shareholder value.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, protect design techniques that have become essential to a myriad of consumer and commercial digital systems ranging from computers, DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
CONTACTS: Patriot Media Relations The Hoffman Agency David Friedman (303) 868-9641 dfriedman*hoffman.com
Patriot Investor Relations Hawk Associates Frank Hawkins or Ken AuYeung (305) 451-1888 info*hawkassociates.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
SOURCE Patriot Scientific Corporation
Media Relations, David Friedman of The Hoffman Agency, +1-303-868-9641, or dfriedman*hoffman.com, for Patriot Scientific Corporation; or Investor Relations, Frank Hawkins or Ken AuYeung, both of Hawk Associates, +1-305-451-1888, or info*hawkassociates.com, for Patriot Scientific Corporation
Sentex Sensing Technology, Inc. Has Closed the Transaction With Security IT Vision, Inc. 10/23/2006
CLEVELAND, Oct 23, 2006 (PrimeZone Media Network via COMTEX News Network) -- Sentex Sensing Technology, Inc. (OTCBB:SENS) (http://www.sentextech.com) has completed the necessary waiting period and has closed the transaction.
The Final Information Statement was sent to shareholders to complete the closing on September 27, 2006. All of the working team are now very excited that we have completed the deal. Henrik Rubinstein, President, and Bob Kendall, Chairman stated, "We are pleased and we are now moving forward as quickly as possible." We have been encouraged by a number of city and state governmental entities who are interested in our locating production facilities within their domains. They are offering financial assistance as a result of obtaining the numerous high technology jobs we would be creating.
ABOUT Sentex Sensing Technology, Inc.
Sentex Sensing Technology, Inc. is one of the leading multimodel-biometric technology companies. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The Company's offerings include access control, Computer based Internet authentification, Biometric Smart Cards and services for biometric data capture, mobile POS systems, and backend standards-based modules and software components for biometric matching and data mining. Sentex products are used to conduct background checks, secured travel and commerce via secure identification documents, prevent identity fraud in large-scale government and civil ID programs, and control access to secure areas and networks. With a global network of partners, such as leading system integrators, Sentex serves a broad range of markets including government, law enforcement, gaming, finance, travel, transportation, corporate enterprise and healthcare. Sentex Sensing Technology, Inc. (http://www.sentextech.com) is a corporation duly organized in 1980 in the state of New Jersey. It originally designed, manufactured and marketed sensor technology equipment, and subsequently computer equipment.
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 Sentex Sensing Technology, 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.
(C) Copyright 2006 PrimeZone Media Network, Inc. All rights reserved.
Posted by J_U_ICE on :
CTMHF .39
Centrasia Mining Corp.: Sampling at Severny Returns 48 Metres of 2.27 g/t Au 10/23/2006
Centrasia Commences Fall Drill Program at Severny
VANCOUVER, BRITISH COLUMBIA, Oct 23, 2006 (CCNMatthews via COMTEX News Network) -- Centrasia Mining Corp. ("the Company") (TSX VENTURE:CTM)(OTCBB:CTMHF)(FWB:C8M) is pleased to announce assay results from its surface sampling program at the Severny Porphyry Cu/Au prospect ("Severny") on its Bulakashu Property in northern Kyrgyzstan. Continuous chip sampling along new outcrop exposure at Severny returned a mineralized interval of 2.27 g/t Au over 48 metres. The Company anticipates the arrival of a drill rig and the commencement of a minimum1000 metre drill program at Severny during the current week.
Since the Company's last news release (October 5, 2006), an additional 81 sample results have been received. All samples are consecutive, continuous, one metre chip samples collected along a newly constructed drill road at Severny. Of the 81 new sample results from the road cut, four samples assayed greater than 5.0 g/t Au, 32 samples assayed greater than 1.0 g/t Au and 44 of the 81 samples assayed greater than 0.5 g/t Au. Samples B06-715 to 762 averaged 2.27 g/t Au over 48 metres, including 1 metre intervals of 10.5 g/t Au, 7.85 g/t Au, 6.61 g/t Au and 6.64 g/t Au. Copper results from these samples were weakly anomalous with 22 of the 48 samples assaying greater than 100 ppm copper. Including the results released today, a total of 357 assays had been received of the 850 collected from Severny during the 2006 exploration program.
The new road cut exposed a broad zone of andesite with spotty propylitic alteration and pervasive silicification of varying intensity, consisting of fine quartz and quartz-pyrite veinlets. The mineralized interval is situated on the southwest flank of a conductive zone defined by the recently completed dipole-dipole IP/resistivity survey over the Severny target area. Results of the survey defined a large zone of conductivity (1 km by 2 km), ranging from 50-200 metres from surface and open to depth and to the NE. The coincidence of this anomaly and the copper and gold mineralization identified on surface further supports the exploration model of a buried porphyry Cu/Au system at depth.
Centrasia's exploration programs are carried out under the supervision of the Bill Tafuri, P.Geol., the Company's Vice President of Exploration and a "Qualified Person" for the purposes of NI 43-101. Mr. Tafuri has reviewed the technical information presented in this news release. All samples collected by the Company's field staff and transported directly to Alex Stewart Assay and Environmental Laboratories, an ISO 9001, 2000 accredited laboratory based in Kara Balta, Kyrgyzstan for analyses.
Centrasia Mining Corp.'s headquarters is in Vancouver, Canada, with exploration offices in Bishkek, Kyrgyzstan and Almaty, Kazakhstan. The Company is actively engaged in the exploration and acquisition of precious and base metal projects in Central Asia. Centrasia is listed for trading on the TSX Venture Exchange under the symbol "CTM", on the Frankfurt Stock Exchange under the symbol "C8M" and on the OTCBB under the symbol "CTMHF".
To find out more about Centrasia Mining Corp., please visit the Company website at www.centrasiamining.com.
On behalf of the Board of Directors of CENTRASIA MINING CORP.
Douglas Turnbull, President & C.E.O.
Forward-Looking Statements. This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
SOURCE: Centrasia Mining Corp.
Centrasia Mining Corp. Douglas Turnbull President & C.E.O. (604) 688-4110 (604) 688-4169 (FAX) Website: www.centrasiamining.com
Copyright (C) 2006 CCNMatthews. All rights reserved
Posted by J_U_ICE on :
SLLR .18
Stellar Technologies, Inc. Changes Name to GeM Solutions, Inc. 10/23/2006
NAPLES, FL, Oct 23, 2006 (MARKET WIRE via COMTEX News Network) -- Stellar Technologies, Inc. (OTCBB: SLLR) today announced that it has changed its name to GeM Solutions, Inc. At its Special Shareholders Meeting conducted on Friday, October 20, 2006, the Company's shareholders approved a reincorporation merger pursuant to which the Company changed its state of incorporation from Colorado to Delaware, changed its name to GeM Solutions, Inc. and increased the number of shares of common stock and it is authorized to issue from 100,000,000 to 175,000,000. The Company's ticker symbol has been changed from "SLLR" to "GEMI" effective October 24, 2006. GeM's common stock will continue to be listed for quotation on the OTC bulletin board.
Mark Sampson, chief executive officer of GeM Solutions, Inc., said, "This marketing initiative is a decisive step in aligning our brand, name and primary product offerings. We have invested significant resources to develop what we believe to be the most comprehensive electronic communications management suite currently available and have branded the solutions as GeM(TM), Global eCommunications Management(TM), and GeM solutions(TM)."
About GeM Solutions (www.gem-si.com)
GeM Solutions(TM), Inc. (OTCBB: GEMI) develops and markets software that enables organizations to proactively govern eCommunications. GeM's modular product suite protects intellectual property and improves personal and organizational productivity. GeM is the first easy to use integrated product suite that monitors, blocks, filters and archives all types of eCommunications including e-mail, instant messaging and web activity. GeM's powerful reporting capabilities provide senior executives with instant visibility into all eCommunications in order to enforce best business practices.
Forward-Looking Statements:
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained herein, including without limitation, statements regarding the Company's future financial position, business strategy, budget, projected revenues, projected costs and plans and objectives of management for future operations are forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," "may," "will," "should," "could," or "would," the negative of such terms or similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial position to differ materially from those included within the forward-looking statements. These factors include, but are not limited to, the acceptance of the Company's products in the marketplace, competition, the Company's ability to generate additional financing, as well as those factors set forth in the Company's Reports on SEC Form 10-KSB for the period ended June 30, 2006 and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Copyright 2006 Market Wire, All rights reserved
Posted by J_U_ICE on :
IELM .04
52Wk Hi / Low .24 / .03
IElement Corporation Announces Second Quarter Renewals 10/23/2006
DALLAS, Oct 23, 2006 (PrimeZone Media Network via COMTEX News Network) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that its fiscal second quarter (ending September 30) customer renewal and new sales numbers beat expectations and totaled $701,681. The company will earn this contracted revenue over the next 12-36 months and this amount does not represent or approximate the company's aggregate revenue in any particular quarter.
Renewing customers comprised a vast majority of the fiscal first quarter new sales and renewals for a total of $613,661. We believe this shows our customers' satisfaction with IElement's personalized customer service and growing line of business solutions.
In addition to customer renewals, IElement secured $88,020 in contracted revenue with new customers during the quarter.
The customer renewal and new sales numbers do not represent or approximate IElement's revenue and are strictly to be used as an evaluation of how effectively the company is retaining customers and generating new business. The company will release its fiscal second quarter revenue numbers in its quarterly 10-Q filing with the SEC next month.
IElement is a facilities-based nationwide communications service provider that offers state-of-the-art telecommunications services to small and medium sized businesses ("SMBs"). IElement provides broadband data, voice and wireless services by offering integrated T-1 lines as well as a Layer 2 Private Network and VOIP solutions. These solutions provide SMBs with dedicated internet access, customizable business solutions for voice, data, wireless, internet, and secure communications channels between the SMB offices, partners, vendors, customers and employees without the use of a firewall or encryption device. IElement has a network presence in 18 major markets in the United States, including facilities in Los Angeles, Dallas and Chicago.
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) unforeseen costs and expenses; (5) potential litigation with our shareholders and/or former or current investors; (6) the Company's ability to comply with federal, state and local government regulations; and (7) other factors over which we have little or no control.
IElement Inc. Ivan Zweig, CEO (213) 232-3421 investor*ielement.com
(C) Copyright 2006 PrimeZone Media Network, Inc. All rights reserved.
Posted by J_U_ICE on :
MMTS .065
Multimedia Tutorial Services Reports Operating Results for Second Fiscal Quarter and Six-Month Period Ended August 31, 2006 10/23/2006
Tutorial Channel.com and Test Prep Made Easy to Set Stage for Future Growth
BROOKLYN, N.Y., Oct 23, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Multimedia Tutorial Services, Inc. (OTC Bulletin Board: MMTS), a leading developer of educational content and marketer of math tutorial programs announced the results today for its second fiscal quarter ended August 31, 2006. Net sales for the quarter ended August 31, 2006 were $177,280 compared with $221,192 for the prior year's quarter ended August 31, 2005. Net Loss from operations for the quarter ended August 31, 2006, before non-cash interest charges was $192,946 compared to $107,662 for the 2005 Period. For the six-month period ended August 31, 2006 net sales were $423,599 compared with $525,129 for the six-month period ended August 31, 2005. Net Loss from operations for the six-month period ended August 31, 2006 (excluding non-cash charges, interest, depreciation and amortization) was $129,825 compared to $22,035 for the 2005 six-month period.
Although sales of the company's tutorial products are generally lower during the summer months, operating results were primarily affected by management's election to scale back its advertising expenditures during the period ended August 31, 2006, which resulted in lower sales overall and for the six months ended August 31, 2006. This course of action was based upon a surge in on-line advertising rates which would have further increased lead acquisition costs resulting in unprofitable sales and a higher net loss for the six months ended August 31, 2006. The company also incurred higher personnel expenses related to the introduction of its new products. According to Barry Reichman, Multimedia's president, "The company is actively pursuing additional channels of distribution and marketing partnerships to increase sales and reduce the advertising component of customer acquisition costs. In addition, Multimedia has taken important steps in 2006 to broaden its product line and revenue base by launching the Tutorial Channel.com and Test Prep Made Easy, which we believe sets the stage for our future growth by offering supplemental education programs online.
The Tutorial Channel's real-time live tutoring service provides its products through http://www.tutorialchannel.com, where students and parents can utilize online exams, printable workbooks for "off-line reinforcement," streaming video and audio lectures, along with exam result reports and tutor notes to allow parents to gauge their children's progress. With the Tutorial Channel's intuitive diagnostics, the site automatically creates tests for students and provides real-time skill assessment to help parents evaluate the progress of their children.
"Test Prep Made Easy" division will specialize in direct online standardized test preparatory training for the five major college standardized tests, which include, PSAT, SAT, SAT2, AP and ACT. This program will offer personalized online assistance in both Mathematics and English. "Test Prep Made Easy" will address and target both the first-time test taker and the experienced student who taken specific standardized tests and has identified a need and a want to improve his or her existing test score level. The ability for a student to go online to both identify and improve their weak areas on a one-on-one basis with a live coach will provide a more convenient and affordable alternative to expensive tutors and away-from-home learning centers.
About Multimedia Tutorial Services, Inc.
Multimedia Tutorial Services, Inc. has key strengths in educational product marketing and development. To date, the company's premier tutorial program, Math Made Easy(TM) has been purchased by over 300,000 families, representing in excess of $30 million in sales since inception. In addition, several thousand schools and colleges throughout the country have acquired the Math Made Easy(TM) series for their libraries and classrooms. Math Made Easy(TM) is widely recognized as one of the nations foremost home tutorial programs. Since 1995 Multimedia Tutorial Services, Inc. has invested over $10 million in national advertising to create significant brand equity in the Math Made Easy(TM) name. The tutorial series has been featured on CNN, Bloomberg, ABC News Radio and other major networks. The company's sales are made primarily through online direct advertising backed-up by its own call center and customer service operation. Information about the company's products and services can be found at http://www.mathmadeeasy.com and http://www.tutorialchannel.com.
Forward Looking Statements
Some paragraphs of this news release, particularly those describing Multimedia's strategies and business plans, contain forward-looking statements within the meaning of Section 27A of the Securities of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Multimedia is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including difficulties in marketing their products and services, need for capital, competition from other companies and other factors, any of which could have an adverse effect on the business plans of the subsidiary companies of Multimedia, its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Multimedia results of operations. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such information should not be regarded as a representation of Multimedia or any other person that the objectives and plans of Multimedia and its subsidiaries will be achieved.
SOURCE Multimedia Tutorial Services, Inc.
Barry Reichman, President of Multimedia Tutorial Services, Inc., +1-718-758-3806, barryreichman*mmtsusa.com http://www.tutorialchannel.com
Copyright (C) 2006 PR Newswire. All rights reserved
Posted by sandor butosi on :
IGAI 10QSB up 600% net income for 3 month period compared to same period in 2005 ! -------------------------------------------------- We have been waiting for the 10QSB. This Stock rose 1000% 3 months ago after the previous 10QSB showed similiar income for a 3 month period.
Our net income for the three months ended August 31, 2006 was $6,600,098 in contrast to net income of $1,080,538 for the three months ended August 31, 2005. Our net income for the six months ended August 31, 2006 was $9,777,076 in contrast to a net loss of $1,799,347 for the six months ended August 31, 2005. Our net income for the six months ended August 31, 2006 resulted primarily from the $1,538,650 unrealized gain on adjustment of derivative and warrant liability to the fair value of the IGIA securities underlying the Callable Secured Convertible Notes discussed above and $14,008,772 in income from extinquishment of pre-petition liabilities in connection with Tactica's business restructuring and reorganization under chapter 11. The net loss for the six-month period ended August 31, 2005 includes $1,185,404 unrealized gain on adjustment of derivative and warrant liability to the fair value of the IGIA securities underlying the Callable Secured Convertible Notes discussed above and $1,008,134 of net expenses incurred in connection with Tactica's business restructuring and reorganization under chapter 11.
-------------------------------------------------- This stock could run to $.05 in the next 1-2 days IMHO. Check out last run up in July 2006. http://stockcharts.com/gallery/gv?igai GLTA
Posted by Chopper on :
BUYINS . NET : Plasticon International, Inc. .0008(PLNI) SqueezeTrigger Price is $0.0065. Approximately 1.1 billion Shares Shorted Since January 2005 According to Buyins.XXX Research Report
Oct 24, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.XXX, www.buyins.XXX, is reiterating coverage of Plasticon International, Inc. (OTC: PLNI) after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 14.1 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $91.9 million. The total aggregate number of shares shorted in this time period is approximately 1.1 billion shares. The PLNI SqueezeTrigger price of $0.0065 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.0065. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://XXX.buyins.XXX. Month Total Vol. Short Vol Avg.Price $Value
Jan 05 99,733,360 7,679,469 $.0030 $23,038
Feb 162,740,080 12,530,986 $.0028 $35,087
Mar 69,280,392 5,334,590 $.0029 $15,470
Apr 105,720,168 8,140,453 $.0029 $23,607
May 1,030,887,616 79,378,346 $.0110 $873,162
June 639,579,456 49,247,618 $.0153 $753,489
July 450,594,752 34,695,796 $.0153 $530,846
Aug 429,448,672 33,067,548 $.0157 $519,160
Sept 423,765,856 32,629,971 $.0134 $437,242
Oct 462,601,408 35,620,308 $.0104 $370,451
Nov 964,371,008 74,256,568 $.0072 $534,647
Dec 940,215,360 72,396,583 $.0053 $383,702
Jan 06 2,114,025,728 162,779,981 $.0053 $862,734
Feb 1,082,063,104 83,318,859 $.0065 $541,573
Mar 658,098,944 50,673,619 $.0059 $298,974
Apr 678,449,664 52,240,624 $.0050 $261,203
May 482,693,760 37,167,420 $.0045 $167,253
June 436,686,272 33,624,843 $.0034 $114,324
July 305,726,816 23,540,965 $.0024 $56,498
Aug 548,061,696 42,200,751 $.0021 $88,622
Sept 1,426,674,432 109,853,931 $.0013 $142,810
Oct 630,668,160 48,561,448 $.0008 $38,849
= 14,142,086,704 1,088,940,676 $.0065 $7,072,742
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
PLNI On OTC Naked Short Threshold List
On List Off List # Days
January 7, 2005 January 13, 2005 5
February 14, 2005 February 18, 2005 5
Plasticon International, Inc. has been on the OTC Naked Short Threshold list 2 times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About Plasticon International, Inc.
Plasticon International, Inc. engages in the design, production, and distribution of industrial and commercial products. The company's product portfolio includes concrete accessories, such as rebar supports; informational and directional signage; plastic lumber, which are produced from recycled and recyclable plastics; and concrete-like products made from recycled glass. Plasticon International's line of rebar support products are used in the construction of bridges, highways, roads, buildings, and other infrastructure. The company was founded in 1981. It was formerly known as Wicklund Holding Company, Inc. and changed its name to Plasticon International, Inc. in 2004. Plasticon International is based in Lexington, Kentucky.
About BUYINS.XXX
XXX.BUYINS.XXX is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. BUYINS has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.XXX has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 1,000,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like BUYINS to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.XXX provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.XXX, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.XXX to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Plasticon International, Inc. has paid $1,990.00 to purchase data for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.XXX is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.XXX will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
BUYINS.XXX and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.XXX, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.
By visiting BUYINS.XXX or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.XXX, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.XXX and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.
Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. BUYINS.XXX does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. BUYINS.XXX places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.XXX undertakes no obligation to update such 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. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
CONTACT: Thomas Ronk, CEO Tel: +1 800 715 9999 e-mail: Tom* ********** XXX: http://XXX .buyins. net
Posted by atleast on :
RMD Entertainment in Negotiations to Enter Into Landmark Distribution Deal With the Pickwick Group Ltd.
Market Wire "US Press Releases "
PHILADELPHIA, PA -- (MARKET WIRE) -- 10/24/06 -- RMD Entertainment Group (PINKSHEETS: RMDG) proudly announced today that it is in negotiations to enter into a massive distribution arrangement with London's Pickwick Group Ltd. The Pickwick Group currently distributes all of RMD's content overseas and until this point that was the extent of the relationship. Recognizing that RMD is becoming an entertainment-content giant in the states, the Pickwick Group has agreed to let RMD take their entire content library and distribute it exclusively in North America through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal).
Up until this point, the two companies had only discussed the possibility of RMD distributing the famed Pickwick library in digital format; however, with RMD's recent successes offline, the Pickwick executives decided to pursue discussions that will give RMD full authority to distribute their multi-million dollar catalog digitally and at brick and mortar locations. The Pickwick Group's foundation was built with quality music and has been unstoppable over the years as a result of their wildly popular Hallmark label; however, that was only the beginning as their content library is now deeply fortified with film and television content as well.
RMD CEO Giorgio Costonis commented, "It is more than an honor to be given a chance at an opportunity of this magnitude. Whenever RMD is recognized for the amazing progress we've made it is reaffirming; however, to be recognized by a pioneer like the Pickwick Group, it is awe-inspiring." Costonis added, "Once this deal is signed, which I believe will happen shortly, Pickwick will be entrusting RMD with a great responsibility and we will accept nothing short of success with the opportunity. We are eager to get started and know that the great people of North America will be the perfect audience for Pickwick's incredible library."
Management also said there would be a press release shortly to announce the signing of the agreement as well once negotiations were completed.
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. The Company currently possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal) in North America and in Europe through the Pickwick Group Ltd. of London.
Forward-Looking Statements
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 RMD Entertainment Group, 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. 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.
CONTACT: Jed Wallace Publicist Phone: (310) 234-3200 email to: jwallace*mphpr.com
Posted by J_U_ICE on :
UDTT (.0073) Comments on Pentagon Decision to Resume Anthrax Vaccination Program
PR Newswire "US Press Releases "
LOS ANGELES, Oct. 24 /PRNewswire-FirstCall/ -- Universal Detection Technology (OTC Bulletin Board: UDTT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, commented today on the Pentagon decision to resume the forced vaccination of troops in Iraq, Afghanistan and South Korea.
The Vaccination Program was halted in 2005 due to safety concerns but has resumed with the final order from the U.S. Food and Drug Administration that found the Anthrax vaccine safe and effective in preventing anthrax disease. According to William Winkenwerder, assistant Secretary of Defense for Health affairs, currently only about 50 percent of troops in high risk areas are vaccinated. He added that that the current vaccination rate is inadequate and leaves the troops vulnerable to a potential bioterrorist attack.
"The mandatory vaccination program goes hand in hand with the DOD's 'Guardian Project' that provides military bases and their populations protection against Chemical, Biological, Radiological and Nuclear threats," said Amir Ettehadieh, UDTT's Director of Research and Development. "UDTT's BSM-2000 is perfectly suited to enhance the current efforts to provide Force Protection with its early detection capabilities," he added.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bio-terrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA has developed a bio-terror 'smoke' detector that detects certain biohazard substances. For more information, please visit http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. 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 Universal Detection Technology
Posted by J_U_ICE on :
IVCM (.025) to Provide Wireless Broadband Access to Rural America - as Featured on NBC Affiliate
PR Newswire "US Press Releases "
LITTLE ROCK, Ark., Oct. 24 /PRNewswire-FirstCall/ -- IVI Communications, Inc. (OTC Bulletin Board: IVCM) (German WKN# A0DNWJ) is pleased to announce that Futura Internet President, Francis Allen, has been featured on Little Rock, Arkansas's KARK -- Channel 4 News. The feature aired on the NBC affiliate on Wednesday evening, October 18th, and is now available on the Company's website, www.ivn.net.
In his interview, Mr. Allen discussed IVI Communications' and Futura Internet's strategy to deliver WiMAX broadband service throughout the state of Arkansas. The U.S. Department of Commerce has estimated that more than 75 percent of rural households nationwide do not have broadband Internet access. More than 20 percent of those households aren't even offered broadband service by cable and telephone companies because many don't find it cost-effective to offer broadband services in rural areas.
"Broadband service has become a valuable commodity in rural areas throughout the United States, and IVI Communications, along with Futura Internet, is positioning itself to provide WiMAX service to those customers that the cable and phone companies have neglected," stated Francis Allen, President of Futura Internet.
IVI Communications, Inc. recently announced that CEO, Nyhl Henson and Futura President, Francis Allen, were featured in an article written by Jason Wiest of the Arkansas News Bureau (available at www.arkansasnews.com). The article discussed the lack of broadband Internet availability in rural areas and the future expansion of IVI Communications' subsidiaries such as Futura Internet into those areas.
About IVI Communications, Inc.:
IVI Communications is implementing a threefold strategy: to acquire local Internet Service Providers (ISPs), deploy WiMAX fixed wireless broadband Internet access, and offer broadband services such as VoIP and Internet based entertainment services. IVI Communications' business plan is to deliver wide spread availability of broadband Internet access to rural towns across America.
Safe Harbor
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: IVI Communications, Inc. Investor Relations 1-866-THE-APPLE
SOURCE IVI Communications, Inc.
Posted by J_U_ICE on :
HSMG (.0036) New Underwater Breathing Device Set to Revolutionize Scuba Industry
Market Wire "US Press Releases "
SAN DIEGO, CA -- (MARKET WIRE) -- 10/24/06 -- Homeland Security Group International, Inc. (PINKSHEETS: HMSG) announced today that its newest product, Neptune EBD1 has been re-designed to extend the breathing time to fifty-five minutes.
The new breathing device measures approximately 13 inches long, 4 1/2 inches wide with a weight of just less than five (5) pounds. The new version, which has not been officially named, will supply 55 to 60 minutes of positive, 2-stage regulated airflow depending on stress level.
Like its predecessor, the Neptune EBD1, this new device utilizes factory-sealed air cylinders making it immediately ready for use even after prolonged storage. Just one hand is required to start the device. It is small and lightweight and currently comes with an optional holster pouch. Only a short orientation is required prior to use. The device is ideal for aircrew members, workers in confined spaces (such as mines), firefighters, law enforcement, divers, hazmat crews, etc.
"We have been working closely with the inventor to get this offering to the market quickly due to market interest. We feel this newest generation will revolutionize the diving industry," commented Powers. "Imagine a 5 pound air bottle that allows for 55 minutes of breathing time. Paperwork for new patents is near completion. We previewed the Neptune EBD1 at Strong Angel III Integrated Disaster Response Demonstration in August. Since that date we have aggressively targeted Fire Departments, Emergency First Responders, Military and Law Enforcement personnel. Everyone we have shown this device immediately wants more information. This new version was borne out of feedback from military, civilian and law enforcement divers. These trained military and civilian professional divers are telling us this is the greatest thing that the diving industry has seen in a long time," concluded Powers.
Powers offered the following points that make the Neptune the wave of the future:
1. Size 2. Capacity 3. The device uses air, not oxygen or other mixes 4. Quick deployment 5. Very light pressure to receive air into the mouth (Persons do not have to use strong lung capacity for intake of air) 6. Long shelf life 7. No maintenance 8. Lightweight 9. It doesn't interfere with other equipment carried on the person
The company is also working with their joint venture partner Recon Mountaineer LLC to design a new Buoyancy Compensating (BC) vest that will incorporate the EBD. EBD1 models are available for immediate shipping. HMSG expects to have the new version available for sale by mid November.
Videos of the Neptune EBD-1 can be viewed on the HMSG website at: www.hstinc.us
ABOUT HOMELAND SECURITY GROUP INTERNATIONAL, INC.
Homeland Security Group International, Inc. (PINKSHEETS: HMSG), is a technology-based corporation based in San Diego, California. HMSG's mission is the development and commercialization of technology focused on providing increased security for both civilian and military personnel throughout the world. Under the leadership of Colonel Jeffrey A. Powers, USMC (Retired), HMSG has assembled a portfolio of technology and services through alliances with established defense-related companies and through internal development that is being brought to market in a cost-efficient and timely manner. The Company has an alliance with Recon Mountaineer, LLC, (an Oceanside, Calif.-based designer and manufacturer of military combat gear for the United States Armed Forces). The company has also partnered with leading security firms to design and market surveillance systems for homeland defense security applications.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. HMSG's common stock currently trades on the over-the-counter "Pink Sheets" under the symbol "HMSG." This press release in no way constitutes any recommendation regarding the securities of HMSG or its affiliates. Any person reading this press release is advised that this release should be considered in light of all facts and circumstances regarding the business and financial condition and prospects of HMSG, and no inference is made in this release contains all such information.
Contact: Homeland Security Group International Colonel Jeffrey A. Powers 858-436-2480
Posted by J_U_ICE on :
GMSC .0075
Grand Entertainment & Music, Inc. Offers Update on Buyout Proposal
Tuesday, October 24 2006 7:02 AM, EST Market Wire
MONTREAL -- (MARKET WIRE) -- 10/24/06 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) would like to offer an update on its recent buyout proposal. Last week, a private company signed a non-binding letter of intent to purchase Grand Entertainment's outstanding common shares. Officers, Board Members, and consultants met over the weekend to discuss the buyout proposal, and after several days of meetings it was decided that the buyout is not in the best interest of the company and its shareholders. Grand Entertainment is dedicated to doing what is best for the company and its shareholders. It was decided that this is not the right time to sell, nor was the offer price reasonable. If selling the company becomes an option again in the future, the company would demand a much higher per share price. During this weekend meeting, the company also considered a plan to return some shares back into treasury, which would reduce the overall outstanding share count. All details will be forthcoming once they are reviewed and finalized. "It is always a good idea to entertain all offers," stated president Fred Berlin. "Due to the recent success of the Qbanito CD launch party and other future plans and events, it just isn't the right time to sell. After several hours of meetings with consultants and board members, we decided that it was in our shareholders' best interest to reject the offer. We have a lot of big things planned for the future, and we felt that the $.02 offer was just too low." The company would also like to take this opportunity to announce that the corporate website has been updated with the latest pictures from the Qbanito Spanish album launch party. Please visit www.gmsc-info.com. About Grand Entertainment & Music, Inc. Based in Montreal , PQ, and incorporated in November 1998 , the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry. Safe Harbor Statement This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM), 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: Grand Entertainment and Music, Inc. Investor Relations (866) 795-4366 IR*Gmsc-info.com www.gmsc-info.com Posted by J_U_ICE on :
PLRS .029
Pluristem Completes Conversion of Outstanding Convertible Debentures
Tuesday, October 24 2006 7:30 AM, EST
HAIFA, Israel --(BUSINESS WIRE)-- Pluristem Life Systems, Inc. (OTCBB:PLRS) today announced that it has completed the conversion to common stock of 98% of the $3,000,000 in convertible debentures that were issued on April 3, 2006 . The total number of outstanding common shares is now about 254 million shares. Zami Aberman, CEO of Pluristem, stated, "This development allows us considerably more financing flexibility. As a condition of the April financing, we were prevented from pursuing certain types of financing arrangements and our assets were encumbered as collateral security for repayment of the debentures, until over 75% of the debentures were converted to common stock. Now that the vast majority of the debentures have been converted into stock, our assets are no longer encumbered and we are no longer restricted in the type of financing arrangements that we can make. In addition, our balance sheet no longer will show the converted debenture proceeds as a liability." About Pluristem Pluristem Life Systems, Inc. is a life sciences driven company that is developing and commercializing stem cell expansion technology products for the treatment of severe blood disorders. The Company is discovering and developing cell-based therapeutics that utilize adult stem cells expanded in a proprietary bioreactor mimicking different naturally occurring physiological environments. Pluristem expects its first products to be cell grafts that will provide an efficient and superior alternative to the standard procedure of bone marrow transplantation. Its first adult stem cell product is intended to target a critical global shortfall of matched tissue for bone marrow transplantation since bone marrow transplantation is often the only cure for patients suffering from leukemia, lymphoma, myeloma and many other hematological diseases. The Company has made a strategic decision to work only with adult stem cells since the practical use of embryonic stem cells is severely restricted by various religious, ethical and legal considerations www.pluristem.com
Safe Harbor Statement This press release contains statements, which may constitute "forward-looking statements" regarding our intent, belief or current expectations. Forward-looking statements in this release include statements: that PLX-I can be used for the treatment of blood disorders ; that we expect our first products to be cell grafts that will provide an efficient and superior alternative to the standard procedure of bone marrow transplantation, and our first adult stem cell product is intended to target a critical global shortfall of matched tissue for bone marrow transplantation. Factors which may significantly change or prevent our forward looking statements from fruition include that we may be unsuccessful in developing any products; that our technology may not be validated as we progress further and our methods may not be accepted by the scientific community; that we are unable to retain or attract key employees whose knowledge is essential to the development of our products; that unforeseen scientific difficulties develop with our process; that results in the laboratory do not translate to equally good results in real surgical settings; that our patents are not sufficient to protect essential aspects of our technology; that competitors may invent better technology; that our products may not work as well as hoped or worse, that our products may harm recipients; and that we may not be able raise funds for development or working capital when we require it. As well, our products may never develop into useful products and even if they do, they may not be approved for sale to the public. For further risk factors see the Company's latest 10-KSB filed with the SEC. Source: Pluristem Life Systems, Inc.
Posted by J_U_ICE on :
SHRN (.0249) Shelron Group Signs Agreement With Credit-Land
PR Newswire "US Press Releases "
NEW YORK, October 24 /PRNewswire-FirstCall/ -- Credit-Land, an online credit card application service, and Shelron Group (OTC BB: SHRN), the parent company of ActiveShopper(TM) today announced that both parties have signed an affiliate agreement through which Credit-Land's content will be made available through ActiveShopper's website.
Credit-Land.com is an online service that features the best credit card applications on the Internet and streamlines management of personal finance. The company partners with leading financial institutions, including banks, mutual funds and brokerage houses allowing them to implement the Total Money Management Initiative, which is a marketplace where businesses bid for business from individual consumers. This includes their proprietary One-Click Credit Application, which simplifies credit management to one form.
"Credit-Land is an excellent partner for ActiveShopper.com," notes Eliron Yaron, Chairman and CEO of The Shelron Group. "They are aggressive and innovative, which is very much the way we like to work, and this means that our combined efforts will bring greater exposure and use of ActiveShopper.com."
About Shelron Group:
Shelron Group Inc. is a leading developer of advertising and comparative shopping software, products, and services. ActiveShopper(TM) is the brand name of the company's comparative shopping products, which include a comparative shopping search engine and various comparative shopping installable clients. The company's stock is publicly traded on the OTC Bulletin Board under the symbol SHRN. Additional information is available at www.ShelronGroup.com,www.ActiveShopper.com, and uk.ActiveShopper.com.
Safe Harbor Statement:
Safe Harbor Statement This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements
Contact: Joel Gering IR / PR Shelron Group +1-212-8364041 IR*activeshopper.com
SOURCE Shelron Group Inc
Posted by J_U_ICE on :
WGLE (.0004) WGL Million Dollar Shootout Lands Four Major Deals
Market Wire "US Press Releases "
ORLANDO, FL -- (MARKET WIRE) -- 10/24/06 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLE) announced today that the WGL Million Dollar Shootout (MDSO) will close four contracts within 30 days from its exposure at SPORTEL. WGLE's international agent will close the UK, Ireland, Japan and South Korea. In addition twelve other international venues are expected to close within 60 days.
"SPORTEL has proved to be the catalyst we expected to launch the MDSO brand worldwide," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. "The MDSO is now poised to take its place as the new reality show of choice. Worldwide ratings could propel the MDSO into the new phenomenon in reality television over the next year and more. The next twelve months will be very exciting indeed for WGLE and its loyal investors. The MDSO is expected to produce over thirty million in revenue in its initial airing in over twenty markets including the United States."
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
Posted by J_U_ICE on :
TXHE (.075) Investor Update and Summary of Oil & Gas Projects
CCNMatthews "Canadian Press Releases "
HOUSTON, TEXAS--(CCNMatthews - Oct. 24, 2006) - Texhoma Energy, Inc. ("Texhoma") (OTCBB:TXHE) is working with its auditors to update its financial statements in order to comply with reporting requirements so that the Company's shares can be traded again on the OTC Bulletin Board market. As reported in August 2005, the Company has received guidance from the SEC that the Company accounted for the drilling venture in Thailand incorrectly. The subsequent work has been extensive and has resulted in a re-audit of the entire corporate structure that carried out the drilling in Thailand in the beginning of 2005 culminating in the filing of an amended Form 8K on September 20, 2006. The interest in the Thailand exploration venture and the holding companies have long since been relinquished and sold.
The Company is currently preparing amended quarterly reports on Form 10Q-SB for refiling starting from the period December 31, 2004. These quarterly reports contain routine financial information and full disclosure.
In order to provide accurate disclosure to the shareholders and the market in general, the Company would like to summarize that it currently has interests in the following properties:
1. Louisiana Production: The Company has working interests varying from 7.42% to 11.76% in three producing properties: the Barnes Creek Field, the Intracoastal City Field which produce gas and the Edgerly field which produces oil. All of these properties are located in Louisiana and for the month of June 2006, a Net production to Texhoma of 373 MCFD and 49 BOPD was recorded. Net remaining reserves of these fields are estimated by independent engineers at 210 MBBLS and 0.6 BCF. These producing properties are owned by Texaurus Energy, Inc. currently a wholly owned subsidiary of Texhoma which is debt-funded by Laurus Master Fund of New York.
2. Texas Drilling: This year the Company plans to participate in the drilling of four wells, specifically in the Buck Snag Field in Colorado County, TX, the Sandy Point Field and the Manvel Field both in Brazoria County, TX. The No. 1 Schiurring well that recently was completed and reported as being a dual gas discovery has developed mechanical problems causing excessive water production and has now been plugged and abandoned.
3. Louisiana Exploration: As announced last week, the Company has a 16% Working Interest in the Bayou Choctaw Project which has Proven Undeveloped Reserves in addition to exploration targets. The Company's interest in the Clovelly project is 11% and, as with the Bayou Choctaw project, it has both Proven Undeveloped reserves and exploration aspects. A recent well drilled on Clovelly South prospect (the Allain Lebreton No.2 well) had to be plugged and abandoned due to drilling tools that became stuck in the well when a heavy drilling fluid was required to control the gas inflow into the well. Both projects will be pursued with drilling in 2007.
In summary, the Company is receiving cashflow from its producing properties and is focused on projects in the Louisiana and Texas Gulf coast area to build its reserve base. As a matter of normal business planning, the Company has under review a number of new projects and acquisitions, all located in its area of geographic focus. More comprehensive information on the Company's projects can be found on its website.
Texhoma encourages investors and shareholders to visit the Company's website, or the SEC website of www.sec.gov to review the Company's filings, for accurate information on the Company.
Safe Harbor Statement: "This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein." The Company takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not sanctioned by the Company.
FOR FURTHER INFORMATION PLEASE CONTACT: Texhoma Energy, Inc. Terje Reiersen Investor Relations Inquiries (713) 457-0610 Email: info*texhomaenergy.com Website: www.texhomaenergy.com
Source: Texhoma Energy, Inc.
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WWAT (.22) Begins Construction of $402,482 Solar System at International Center for Water Technology
PrimeZone "PrimeZone "
FRESNO, Calif., Oct. 24, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTCBB:WWAT), developer and marketer of proprietary high-power solar systems, announced here today the construction start of a $402,482 solar electric system at The International Center for Water Technology (ICWT) at California State University, Fresno's new building located on the Fresno campus. Founded in 2001, ICWT educates, promotes and assists in the development and adoption of innovative technologies that improve water utilization, reduce energy demand and positively affect air quality. The rooftop photovoltaic system incorporates WorldWater's proprietary Aquamax technology that is capable of powering electric motors up to 600 horsepower at variable speeds operating on solar power alone.
In making the announcement, David Zoldoske, ICTW's Director said, "The system will be a valuable teaching tool for students, but it's much more than that. This advanced technology ties into the Million Solar Roofs initiative recently signed into law by our Governor and it will be used as part of a business incubator for entrepreneurs interested in starting companies in the fields of water and renewable energy."
The new building is a partnership between ICWT and the Central Valley Business Incubator. Five offices are available to start-up companies. They will have access to WorldWater's solar system to help advance their technologies. ICWT will also help with the development of business and marketing plans, and introductions to industry.
Quentin T. Kelly, Chairman of WorldWater & Power commented, "We are delighted to be associated with the International Center of Water Technology to help future farmers and water management professionals utilize solar to reduce grid demand and improve air quality."
WorldWater & Power Corp. is one of only two companies selected by the Association of California Water Agencies (ACWA) as a Preferred Solar Partner. WorldWater recently built the world's first solar powered pumping system at a water utility for California's Idyllwild Water District.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a leader in solar electric engineering, water management solutions, solar energy installations and products. Its solar technology is at work in over 20 countries around the world. In the US, it provides solar electric, water pumping and purification technology to agribusiness, industry, schools, communities, homeowners and emergency responders. The company is responsible for major breakthroughs in solar power technology and holds numerous solar-related patents.
For more information about WorldWater & Power Corp., visit www.worldwater.com.
CONTACT: WorldWater & Power Jessie Sullivan (609) 818-0700 X20 JSullivan*worldwater.com
Mike Breslin Productions LLC Press Contact: Mike Breslin (201) 652-1287 mbrez*aol.com
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PHEI - .0049
Alienware Orders Phantom(R) Lapboard PR Newswire - October 24, 2006 08:50 Alienware To Offer Phantom Wireless Lapboard With Media Center PCs
SEATTLE, Oct 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc., (OTC Bulletin Board: PHEI), announced today that Alienware(R) - the leading manufacturer of high-performance desktop, notebook, media center and professional systems - has ordered the Phantom(R) Wireless Lapboard and Phantom Wireless Laser Mouse for their Media Center PCs and its PC gear product line.
"Alienware's Media Center PC together with the Phantom Wireless Lapboard will allow users to work or play games from a couch, easy chair or any comfortable setting in the home or workplace," said Greg Koler, President and CEO of Phantom Entertainment, Inc.
"Our Phantom Lapboard is designed to be an ultimate wireless solution for home entertainment centers," Koler said. "We look forward to working with Alienware to enhance the entertainment center experience in living rooms and other comfortable lifestyle settings."
"Alienware's Media Center PCs dramatically enhance every aspect of the multimedia experience by improving ease of use, expanding users' range of capabilities, and advancing multimedia technology to extraordinary new heights," said Frank Azor, Senior Vice President and General Manager for Alienware Worldwide Product Group. "Implementing the Phantom Wireless Lapboard as part of our MediaCenter solutions is an important extension of these key features, providing users with a convenient, flexible way to both work and have fun without being tied to a desk."
The Phantom Wireless Lapboard and Phantom(R) Wireless Laser Mouse are a combination wireless keyboard, laser mouse and hard surface that enables users to work or play games from a couch, easy chair or any comfortable setting in the home or workplace. The Lapboard includes wireless technology, ergonomic design, one-touch features, and a wireless high definition 1200 dpi laser mouse. The Lapboard's innovative design features a keyboard that rotates 360 degrees to accommodate left- or right-handed users and inclines on a 22-degree angle with a hard surface below for the Phantom Wireless Laser Mouse. The Phantom Lapboard's interchangeable key-face technology is designed for game-specific and business software applications on PC and Apple Mac platforms.
About Alienware
Alienware offers unique and award-winning technology products that incorporate state-of-the-art components, innovative engineering and design, and unprecedented customer service. Alienware has been recognized by Inc. 500, won the Shoppers' Choice Award as the Best Performance Desktop by Computer Shopper's reader survey, had its Alienware Area-51 ranked among "The 25 Greatest PCs of All Time" by PC World and also received PC Magazine's Reader's Choice Award in its 18th Annual Reader Survey. Alienware systems are available direct within the United States, Europe, Australia, and New Zealand. For more information, please visit http://www.alienware.com or call 1-800-ALIENWARE (254-3692).
About Phantom Entertainment
Phantom Entertainment is an industry-leading global entertainment and interactive game company. Phantom Entertainment has developed and is marketing the Phantom Lapboard, a combination wireless keyboard, laser mouse and hard surface. The Company is in the development of the Phantom Game Service, anticipated to be the first end-to-end, on-demand game service for delivery to the living room. For more information, please visit http://www.phantom.net.
PR contact
pr*phantom.net
SafeHarbor Statement
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 involved 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.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
AXGJ (.06) Signs Final Agreement To Acquire MicroConstruction Pvt. Ltd. in Sri Lanka
PR Newswire "US Press Releases "
SAN DIEGO, Oct. 24 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC Pinksheets: AXGJ) announced today that it has signed a final agreement to acquire 100% of MicroConstruction Pvt. Ltd, a Sri Lanka company. The shareholders of MicroConstruction will receive 3,000,000 shares Preferred Stock in Axia which will be restricted until December 2008. Each Preferred Shares will convert to $0.33 worth of common stock in Axia at time of conversion. Incentives apply based on company performance. No cash was exchanged in the transaction.
MicroConstruction utilizes a panel based technology introduced by Axia to build homes and commercial buildings and currently has contracts with relief and government agencies in Sri Lanka and India. The parties signed a Letter of Intent in June of 2006 and have been working together to gain adoption of the panel technology with the government and commercial sectors of Sri Lanka. The company has a $1.9 million project with SOS Kindedorf building homes for families affected by the tsunami of 2004 as well as a project with the government agency REEL to build multistory residences for families in the urban center of Colombo.
Stated Jeffrey Flannery, CEO of Axia, "Our team in Sri Lanka has made great progress in that country, and we are proud to finalize this agreement and move forward with new projects in both the government and private sectors."
The Axia panel technology consists of wire trusses that are welded together around an insulation core of expanded polystyrene (Styrofoam). After put in place as wall, floor or roof, this panel is then coated with concrete. With this method, for example, a 600 square foot home can be constructed in less then two weeks. This technology can also be used for multistory buildings, commercial structures, luxury homes, apartment buildings, high rises and resorts. The resulting structure is able to withstand winds of greater than 180 kilometers per hour, is resistant to mold, mildew, insects and is highly fire resistant.
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGJ officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGJ actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGJ has no specific intention to update these statements.
SOURCE Axia Group, Inc.
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KDSC (.0043) KidSational, Inc. Signs National Distribution Agreement With EMI Music Marketing, a Division of Capitol Records, Inc.
Market Wire "US Press Releases "
SAVANNAH, GA -- (MARKET WIRE) -- 10/24/06 -- KDS Music Group, a division of KidSational, Inc. (PINKSHEETS: KDSC) is pleased to announce that the company has signed a nationwide distribution agreement for their teen pop group, TGK, with EMI Music Marketing, a division of Capitol Records, Inc. EMI is a distributor to all national retail and wholesale music accounts.
EMI is the world's largest independent music company, operating directly in 50 countries. EMI represents more than 1,300 recording artists worldwide, spanning all musical tastes and genres and owns one of the finest catalogues of recorded music ever assembled with over 3 million individual tracks. The company's roster includes music legends such as the Beatles, the Rolling Stones, Pink Floyd and Mstislav Rostropovich; global superstars like Nora Jones, Robbie Williams, Janet Jackson, Gorillaz, Coldplay and Keith Urban.
Its record labels include Angel, Astralwerks, Blue Note, Capitol, Capitol Nashville, EMI Classics, EMI CMG, EMI Records, EMI Televisa Music, Manhattan, Mute, Parlophone and Virgin.
"We are extremely excited and confident that this agreement will generate a tremendous amount of revenue for the company in 2007," stated Steve Ruff, CEO of KidSational, Inc. "This is a huge step in the growth and development of TGK. We are very pleased to be working with a company like EMI and Capitol Records, which has a proven track record for distributing successful records," added Rod "Allegro" Norman, President of KDS Music Group, Inc.
About KidSational, Inc.:
KidSational, Inc., a Georgia-based Corporation, is a creator and distributor of cutting edge safety and educational programming for children. The Company's CEO and President, Steve Ruff, is the creator of "The Guardian Safety Game," currently utilized in schools and institutions across the country and selling in retail stores. The Company plans to relay safety messages to children worldwide through its various business projects and products, including "The Guardian Game," a feature film and TV series, KDS Music Group, and ancillary products such as educational stickers and backpacks.
SAFE HARBOR ACT: 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. 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-looking 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.
IBCX (.009) Executes Contracts to Acquire Country Club & Golf Course
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (Pinksheets: IBCX) announced today that it has executed its side of the contracts to acquire the previously announced acquisition of a private country club and golf course. The acquisition when completed will be owned by RCC Management Company a 100% wholly owned subsidiary of IBAC Corporation. The company expects the selling party to execute its side of the contracts by the weeks end.
The property's country club & golf course (72 par/6,908 yards) was designed by the world renowned golf course designer Alfred H. Tull and includes tennis courts, pool, banquet space, restaurant, bar, pro shop with a resident pro. The property encompasses approximately 200 prime acres.
The company intends to incorporate/build a number of high end single family homes and condos on the property abutting the golf course, thus creating additional profits from the acquisition while defraying the acquisition cost.
"We are very excited with this acquisition as it opens a whole new stream of revenue and adds a significant real estate owned property to our portfolio, the number of profit centers involved with this property are extremely exciting, membership fees, wedding receptions, liquor and food sales, catering etc. Upon the execution of the contracts by the selling entity we will provide full details of the property being acquired and its location, we just want to make sure that the contracts are fully completed prior to the announcement, we are issuing this information and the its progression due to the significance and impact that it will have on the company as this will be a major acquisition and a huge step forward in the company's growth plans," said Wayne Burmaster, President IBAC Corporation
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Source: IBAC Corporation
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ATWT (.0048) Projects 1000 Percent Revenue Increase in Fiscal 2007
Market Wire "US Press Releases "
MEMPHIS, TN -- (MARKET WIRE) -- 10/24/06 -- ATWEC Technologies, Inc. (PINKSHEETS: ATWT) is pleased to announce that at the current rate of sales and with new institutional clients, projected gross revenues for fiscal 2007 are forecast at $1.5 million or better, a near 1,000 percent increase over 2006.
ATWEC's gross revenues for fiscal 2006 were $156,210. The company became fully capitalized in April, enabling a significant increase in production. Sales this quarter were delayed by retooling of the production line, which was completed last week. A rollout of 200 units is scheduled for November 5, 2006.
Exponential growth is expected in the remaining quarters of fiscal 2007, based on the West Bend Insurance discount to its clients and new contracts with the Mississippi Head Start Association, the Louisiana Head Start Association and the Wisconsin Head Start Association. ATWEC will be outfitting all of the Associations' current and future school buses and vans with its Kiddie Voice product. Projected revenues from these contracts are expected to be approximately $250,000 in the second quarter, $500,000 in the third quarter and $750,000 for the fourth quarter of fiscal 2007. The company's current unaudited total debt is less than $30,000. Cash on hand is $500,000.
ATWEC signed two new master distributors last week in Minnesota and Georgia, moving closer to the goal of 200 master distributors nationwide by 2008. The complete list of master distributors can be found at the company's website: www.atwec.com.
NOTE: Certain statements made in this press release are forward-looking statements within the scope of the Private Securities Act of 1995. Such statements involve known and unknown risks. Uncertainties and other mitigating factors may influence desired outcomes. Such risks, uncertainties and/or other mitigating factors include but are not limited to new economic conditions, risks associated in product development, market acceptance of new products and continuing product demand, level of competition and other factors both known and unknown as described within this Company's reports and other filings with appropriate regulatory agencies.
Contact: Chris Hoffmann ************ Communications, Inc. Phone: 949-209-8697 E-mail: Chris*************inc.com
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CFRI (.41) Announces Completion of Phase Two EKO-FLOR Testing
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 10/24/06 -- Conforce International, Inc. (PINKSHEETS: CFRI), developers of the revolutionary EKO-FLOR composite container flooring system, announced today that Phase Two EKO-FLOR product testing has been completed. The company is pleased to report that the results of the testing were positive and that all data, analysis and instructions for final production has been provided to the manufacturer for commencement of preparations for Phase Three testing. Phase Three is the third and final phase of the process whereby EKO-FLOR equipped containers will be tested by an independent third party organization for industry certification.
Company officials were quoted as saying that they were "very pleased with the strength characteristics the product demonstrated under extreme testing conditions." Officials added that "the product was tested using criteria in excess of industry norms," and that their analysis revealed that "the panels reacted in-line with expectations and that upon completion of testing, the condition of the prototype panels remained unchanged."
The test results have allowed the company to commence final preparations for Phase Three independent certification testing to be conducted in China, which is considered the hub of container manufacturing. Conforce President and CEO Marino Kulas stated that, "Conforce and its manufacturing partner know the significance of Phase Three and therefore, we are working together closely and diligently to ensure that the containers equipped with the new EKO-FLOR panels will be submitted in a timely fashion for certification, with a goal of meeting or exceeding industry requirements." Mr. Kulas added that, "We are excited with what we learned about the product during our tests, and are confident that with the enhancements we are able to make as a result of our phase two research, the final product for Phase Three testing will be even better than we had anticipated." The company expects that product certification testing will be completed in November of this year, and will keep shareholders and interested parties apprised of all developments as details become available.
About Conforce International
Management of the Company has been in the container business for over 25 years. In addition to the company's business of container handling and storage through its 5,000+ container capacity terminal facility, Conforce has also been engaged in the research and development of a proprietary composite product designed to change the way shipping containers are made, worldwide. The Company has developed a material that simulates the characteristics of wood while testing lighter, stronger and more cost effective. The environmentally friendly product, named EKO-FLOR, is currently in phase two testing with a planned launch in Fall 2006. For more information on the Company, its EKO-FLOR product, or its Terminal Operations, please visit: www.conforce1.com.
Safe Harbor Act Disclaimer: "Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell securities.
CONTACT: Kathryn Saliani Investor Relations (416) 234-0266 ext. 6 EMAIL: investors*conforce1.com WEB-SITE: www.conforce1.com Posted by atleast on :
QTCE .0006
Tuesday, October 24 2006 9:27 AM, EST Quantech Develops New Marketing Application for the Food Industry PrimeZone "PrimeZone " LONDON , Oct. 24, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced that it has commenced development of a new marketing application specifically designed for the food industry. Quantech has responded to numerous inquiries from existing and potential customers, and has commenced development of a new web-based marketing application. The new application combines entertainment for website visitors, and a source of important behavioral-based marketing information for advertisers. Through the new system, advertisers in the food industry can grant coupons and/or other benefits on products to consumers who access online advertisements or play online games on advertisers websites. A virtually endless stock of online games allows advertisers to offer visitors a new game each time they enter the site. Information collected from visitors' completed games becomes the basis for targeting advertising. In addition to responding to several questions in these games, visitors can accumulate bonus points or coupons for off-line purchases, or trade these in for more advanced game chips with which they can pay for their online purchases, at the visitor's discretion. "Our new system offers a creative combination of offering genuine benefits to website visitors, and an opportunity for entertainment and game-playing. The system will allow advertisers to build on the enormous interest people show in online games, and provide pinpointed marketing activities to existing and potential customers, segmented in unprecedented detail. Our first version of the applications is designed specifically for advertisers in the food industry, based on specific inquires that Quantech received. This application has enormous potential for advertisers in many additional industries, and we expect to expand the application in future versions," notes Liat Matilsky, CEO of Quantech. About Quantech Quantech Electronics Corp. is a web-based software development company based in the UK, that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. The company's powerful, easy-to-use software enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups, Quantech's unique technologies and rapid-response systems construct client infrastructure at competitive prices. Forward-Looking Statements Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments. To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk CONTACT: Quantech Electronics Corp. Liat Matilsky effect1*bezeqint.net www.quan-tech.co.uk Posted by J_U_ICE on :
TPDI (.065) Signs Major Contract with China Federation of Industry and Commerce Auto & Motorbike Parts Articles for Use Chamber of Commerce
Business Wire "US Press Releases "
BEIJING & PHILADELPHIA--(BUSINESS WIRE)--
Richard A. Bendis, President and CEO of True Product ID, Inc. (TPID) (OTCBB:TPDI) announced that its Chinese joint venture, True Product ID Technology (Beijing) Limited, has signed a nationwide contract with the China Federation of Industry and Commerce Auto & Motorbike Parts Chamber Of Commerce (AMP) and Hainan Yayuan Anti-Counterfeiting Paper Industrial Ltd. With this contract, True Product ID is poised to enter the Chinese automobile and motorcycle, and automobile parts markets, both of which are constantly plagued by the ever-growing problem of counterfeiting. China is the fastest growing motor vehicle market and the fastest growing vehicle producer in the world. Likewise, the Chinese automobile parts industry is growing rapidly. With the U.S. having imported $5.4 billion in automobile parts from China in 2005, and with many of the world's leading auto manufacturers using more Chinese automobile parts, sources project that by 2007 approximately 70% of all car parts, including those used by the major world auto manufacturers, will come from China and that by 2009 the Chinese automobile parts industry will be over a $58 billion business.
This multi-year contract involving the Chinese government represents a huge step forward for TPID, as its anti-counterfeiting technology will be used by Chinese government as an intellectual property protection tool on automobiles and motorcycles manufactured in China. TPID technology will be registered with the National Industrial and Commercial Bureau, and the Chinese government has initially mandated over one hundred automobile producing and marketing enterprises to use TPID's tagging technology to protect their intellectual property. Exclusively TPID's technology will be used, with TPID Beijing providing the technology and Hainan Yayuan printing the tags. The Chinese government has designated the Chinese automobile industry as a strategic "pillar industry" and thus has taken an active involvement in developing the industry (both domestically and internationally), TPID believes that this contract should pave the way for its technology to be similarly accepted in other key industries in China (both for domestic use and export), such as healthcare, electronics, and finance.
TPID CEO Richard Bendis stated, "TPID is excited to partner with AMP, recognized as the official body and regulator of the PRC Auto Market. This agreement confirms that TPID's anti-counterfeiting technology is recognized as one of the leading, comprehensive, integrated solutions, capable of addressing complex challenges for many diverse industries and product applications." Echoing Mr. Bendis's statements, TPID Beijing President Li Ning stated, "The AMP contract presents a significant opportunity for TPID and its technology. There are over 20 Chambers of Commerce in China. With this contract, TPID should have the opportunity to pursue several other industries in the future."
An official and ceremonial press conference and contract signing ceremony will be held at the Great Hall of the People in November 2006. This media event will be attended by 200-300 people including Chinese government officials, over one hundred automobile manufacturers, and more than 150 retail motor stores which deal in the sales, spare parts, services and surveys of particular brands of cars. Because its technology will be used by the Chinese government and has been registered with the National Industrial and Commercial Bureau, TPID anticipates that many of the automobile enterprises attending the Great Hall of the People ceremony could also sign contracts with TPID.
AMP was founded in 2002 by the China Federation of Industry and Commerce, a national organization, to regulate, standardize and overhaul the Chinese Auto & Motorbike Parts & Accessories Industry. It has partnered with the State Administration for Industry and Commerce Association, State Administration of Quality Supervision and other ministries, to launch a series of campaigns related to "Cracking down on Counterfeits", which have been widely recognized by many enterprises and industries. AMP has 300 global direct members and more than 16,000 primary members, amongst which include some of the most renowned automakers in the world, reputed domestic and foreign auto & motorbike parts & accessories production enterprises, professional bodies, guilds and trade associations. It has established product supply networks with over a thousand major domestic auto parts production factories, auto supplies production factories and auto maintenance equipment production factories. In addition, it has formed strong logistics networks with more than a hundred large and specialized auto & motorbike supplies wholesale markets, at least 5,000 retail motor stores, and tens of thousands of auto & motorbike parts suppliers. AMP has also established cordial relations with global Auto & Motorbike Supplies Organizations, including United States, Central Europe, Australia, Asia and the Greater China Area.
About True Product ID
True Product ID produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company delivers turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and or joint ventures. For more information go to: http://www.tpid.net (TPID US) and http://www.trueproductid.com (TPID Beijing)
About China Federation of Industry and Commerce Auto & Motorbike Parts Articles For Use Chamber Of Commerce
AMP was founded in 2002 by the China Federation of Industry and Commerce, a national organization, to regulate the sale and development of the Chinese Auto & Motorbike Parts & Accessories Industry. AMP has 300 global direct members and more than 16,000 primary members, amongst which include reputed domestic and foreign auto & motorbike parts & accessories production enterprises, professional bodies, guilds and trade associations. For more information go to: http://www.auto.gov.cn
About Hainan Yayuan Anti-Counterfeiting Paper Industrial Ltd
Hainan Yayuan Anti-Counterfeiting Paper Industrial Ltd is engaged in the research, development, production and sales of digitalized anti-counterfeiting security paper products. The Company provides clients with digitalized anti-counterfeiting paper and other printing packagings which are customized and difficult to replicate. For more information go to: http://www.yayuan.com/
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Please refer to TPID's website (http://www.tpid.net) for complete sources of industry facts presented in this press release.
Source: True Product ID, Inc. (TPID)
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CSHD TRADING SUSPENDED>
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 54645 / October 24, 2006 The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Conversion Solutions Holdings Corp. ("Conversion"), of Kennesaw, Georgia at 9:30 a.m. EDT on October 24, 2006, and terminating at 11:59 p.m. EST on November 6, 2006. Conversion’s stock trades in the over-the-counter market under the symbol “CSHD”. The Commission temporarily suspended trading in the securities of Conversion because of questions that have been raised about the accuracy and adequacy of press releases and public filings with the Commission concerning, among other things, the company’s purported ownership and control of two bond issuances, in the face amounts of €5 billion and $500 million, issued by the Republic of Venezuela, and the company’s purported contractual relationship with Deutsche Bank. The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Conversion’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker, dealer or other person has any information which may relate to this matter, the Atlanta District Office of the Securities and Exchange Commission should be telephoned at (404) 842-7675.
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CGCC .24
Congo Crest Mineral Corp update on acquisition and massive Congo copper market Tuesday October 24, 9:40 am ET
TORONTO, Oct. 24 /PRNewswire-FirstCall/ - Congo Crest Mineral Corp (CGCC-OTC PK) is in final negotiations with respect to its previously announced acquisition of Pan African Mining. Congo Crest will undertake upon closing of the acquisition a large scale geological survey of its three tenement leases to establish the full extent of the mineral wealth. The additional capital provided by Congo Crest in this acquisition will accelerate the development, processing and transport of the resources within the three tenement leases.
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The infrastructure in the Kasenga region is well advanced, with the copper productions of Anvil (AVM-TSX) and BHP Billiton (BHP-NYSE). Roads and transportation are also developed for the circumstances. The access to the Congo Crest property is made possible directly from one of the existing mining roads.
The property is located north of Kasenga, close to the Zambian border. The 2 neighboring properties are Anvil Mining and BHP Billiton. Both the mines have a property in exploitation in the immediate vicinity of Congo Crest.
Anvil Property
The details on this mine can be reviewed at http://www.anvil.com.au/prj_dikulushi.shtml. The concentrations of mineral in this mine are above standard and the mine is quite productive. The concentrations and square mileage in this mine are quite similar to the samples found at Congo Crest. The Congo Crest property is situated just North East of the map on the Anvil page.
BHP Billiton Property
The BHP Billiton property is a bit larger and has already been in exploitation for 7 years, producing above average mining concentrations. Details regarding the Kasenga property can be found on the BHP Billiton web site: http://www.bhpbilliton.com/bb/home.jsp.
Lately, the worldwide demand for copper has mainly been driven by China. The country's copper demand this year is expected to hit 3.9 million tons, of which 1.9 million tons can be met by domestic copper makers. This leaves an import figure of 2.0 million tons, which China has to buy from abroad. It is needless to say that Anglo-Australian resources giant BHP Billiton (BHP), one of the world's largest copper producers, is one of the largest suppliers to the country.
Demand remains strong, even though, from time to time will one observe a slight curbing of the supply or the price of the raw material. China's imports of copper, which rose to a record price of $8,800 a ton in May, fell 24% from January to August from a year ago, the customs office said Sept. 12. Imports have been dropping year-on-year since October 2005.
Copper tube, wire and rod producers are the biggest buyers of refined copper. Inventories at plants are now close to zero, a signal that the country may increase imports. Exports of refined copper from China are also likely to drop and net imports may rebound in 2007. Copper demand may be 3.2 million tons in 2007, as China will maintain strong economic growth as it builds more power grids and infrastructure facilities in rural areas.
In the long run, we nevertheless remain quite positive on the outlook of copper in terms of pricing and of production quantities. We remain intentionally cautious in forecasting a growth rate of 5% in China and a 2% growth rate in the rest of the world.
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in B-Teller, Inc. reports that will be on file with the US Securities and Exchange Commission
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PLYCF .013
Playstar Corp order current NOBO list to clarify all owners of its issued and outstanding shares of 63,028,246
Tuesday , October 24, 2006 09:50 ET
TORONTO, Oct 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- Playstar Corp (PLYCF:PK) has ordered a current NOBO list from ADP Investor Communications as of Friday October 27th as per NOBO guidelines. The NOBO list stands for Non Objecting Beneficial Ownership, and provides a complete ownership profile by name that is not available with our transfer agent.
Playstar has discussed this with its legal team and transfer agent and this will identify any possible issues regarding failure to deliver positions in our stock which could be very significant to our company and our shareholders.
Playstar also wishes to state that there are currently no outstanding debentures or convertible instruments of any kind issued by the company.
Playstar through its 100% owned subsidiary Premier Mobile Technologies owns and operates several short code numbers including the following: www.chitchattext.com and www.texttowinbig.com and will be launching in the US shortly.
Playstar Corporation is an Antigua corporation and foreign filer on the pink sheets under the symbol PLYCF. Current shares structure fully diluted is 63,028,246 outstanding. Authorized is 100,000,000. Its transfer agent is Transfer Online of Portland, Oregon.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The ``Act''). In particular, when used in the preceding discussion, the words ``pleased,'' ``plan,'' ``confident that,'' ``believe,'' ``expect,'' or ``intend to,'' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
Copyright (C) 2006 PR Newswire. All rights reserved
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AVXN (.0375) Launches Consumer Products Division and Unveils First iPod(TM) and MP3 Product, the Visual Remote(TM)
Business Wire "US Press Releases "
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--
Advanced Technetix, Inc. (Pink Sheets:AVXN) announced today that the Company has created a Consumer Products Division to design and manufacture original and/or value-added, patented merchandise for widely proliferated consumer electronics platforms. In conjunction with the formation and announcement of this new operating division, the Company released data sheets for the Visual Remote(TM), its first product in a new line of accessories targeting users of Apple's (NASDAQ:AAPL) best-selling iPod(TM) device and other storage/play devices.
The new Consumer Products Division will be headed by the Company's Chief Technical Officer, Craig Erickson, who has held positions with such leading consumer electronic platform developers and 'peripheral' designers as Nyko Technologies, Namco Hometek, Sega of North America and Atari Corporation (NASDAQ:ATAR). The division will focus its efforts on designing products to complement those platforms that have been widely adopted by consumers and continue to show solid growth, such as Sony's (NYSE:SNE) PlayStation 2(TM) and PSP(TM) gaming platforms, Microsoft's (NASDAQ:MSFT) Xbox(TM) and Xbox 360(TM) gaming platforms, Nintendo's (OTC:NTDOY.PK) GameCube(TM), GameBoy(TM), and Nintendo DS(TM) gaming platforms and Apple's iPod(TM) platform. In addition to existing research and product development efforts, the Company has been asked to analyze and investigate the development of new and various product accessories specifically requested by retailers.
CEO, George Stevens, commented, "Our technical staff, under the direction of Craig Erickson has designed and created the Visual Remote(TM), which has been received with a great deal of enthusiasm by retailers we have shown the product to. The Visual Remote(TM) works with any version of the iPod(TM), does not require any batteries and features a backlit LCD display that enables iPod(TM) users to completely control their device from this very small, unobtrusive unit." He continued, "We are currently developing a wireless version of the Visual Remote(TM) and expect to have that version of the product available shortly."
About Advanced Technetix, Inc.
Advanced Technetix is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of Digital Communications, Entertainment-related services and specific consumer electronics platforms.
Advanced Technetix's AccessKey(TM) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(TM) and portable flash drive-sized AccessKey PC(TM) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
Forward-Looking Statements
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 Advanced Technetix, 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. 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.
FOR INVESTOR INQUIRIES please visit the Advanced Technetix Investor Relations Hub at http://www.agoracom.com/IR/AdvancedTechnetix, where investors can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to AVXN*agoracom.com, where they can request addition to the investor e-mail list to receive all future press releases and updates in real time.
Source: Advanced Technetix, Inc.
Posted by QuestSolver on :
Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 RELEASE NO. 54645 / October 24, 2006 The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Conversion Solutions Holdings Corp. ("Conversion"), of Kennesaw, Georgia at 9:30 a.m. EDT on October 24, 2006, and terminating at 11:59 p.m. EST on November 6, 2006. Conversion’s stock trades in the over-the-counter market under the symbol “CSHD”.
The Commission temporarily suspended trading in the securities of Conversion because of questions that have been raised about the accuracy and adequacy of press releases and public filings with the Commission concerning, among other things, the company’s purported ownership and control of two bond issuances, in the face amounts of €5 billion and $500 million, issued by the Republic of Venezuela, and the company’s purported contractual relationship with Deutsche Bank. The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760.
If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Conversion’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker, dealer or other person has any information which may relate to this matter, the Atlanta District Office of the Securities and Exchange Commission should be telephoned at (404) 842-7675.
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SMKG (.035) Announced Today SmartHealth Card Update
Market Wire "US Press Releases "
SAN ANTONIO, TX -- (MARKET WIRE) -- 10/24/06 -- Smart Card Marketing Systems Inc. (PINKSHEETS: SMKG) (FRANKFURT: QYH), leading provider of prepaid cards, value smart storage cards and Optical management services, is pleased to announce today the deployment of the Smart Healthcard.
Smart Card Marketing Systems Inc. (PINKSHEETS: SMKG) announced the roll out of its Smart Healthcard program to employers across Canada. In addition to a comprehensive safety eyewear program the plan offers a purchase benefit to all employees and their families of companies who buy the program. The company has signed agreements with several unions, Aboriginals and employers to offer the Smart Healthcard to their members and employees.
Bruce Baillio, President of SMKG, estimates that an initial 30,000 to 50,000 people, counting family members, are covered by the agreements. He said, "This program represents a crucial step in Smartcard's plan to become a significant part of the eye care delivery system in Canada." The program allows employers to give a health benefit while still keeping costs low. "It helps employers and employees deal with the rising costs of healthcare," Mr. Baillio said.
The Smart Healthcard program uses the company's proprietary, web-based loyalty platform to communicate benefits to cardholders and providers, to capture transactions and administer the program. Revenues are made on all loyalty transactions administered by the company's system.
Massimo Barone, CEO, explained, "The company's plan involves getting implicated in the whole optical supply chain. We want to offer a complete package to our eye care providers; optical lab services, group buying power and a source of new patients. Recent and pending acquisitions, once completed, will give Smartcard the leverage we seek."
Furthermore, we invite Optical Vendors and other industry groups to join our offering and participate in the SmartHealthCard. Any groups interested please contact Mr. Bruce Baillio via email. bbaillio*satx.rr.com or by phone 1 866 774 2555
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 about the expected future prospects of our business and all other statements in this release other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: general economic and market conditions, including the lingering effects of the economic slowdown and services revenue; the overall condition of the bank card industry, including the effect of any further consolidation among financial services firms; the regulatory, credit and market risks associated with our operations; the integration of acquired businesses, the performance of our businesses; the effect of war, terrorism or catastrophic events; the timing and magnitude of sales; the timing and scope of technological advances; the ability to retain and attract customers and key personnel; and the ability to obtain patent protection and avoid patent-related liabilities in the context of a rapidly developing legal framework for software and business-method patents. The factors described in this paragraph and other factors that may affect our business or future financial results and when applicable, will be discussed in our filings with the Securities and Exchange Commission. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
Smart Card Marketing Systems Inc. Max Barone 1 866 774 2555 maxbarone*gosmartcard.com
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GMED (.014) Annals Publishes GenoMed's Approach to Avian Influenza
Business Wire "US Press Releases "
ST. LOUIS--(BUSINESS WIRE)--
GenoMed(TM) (OTC Pink Sheets:GMED), the Next Generation Disease Management company whose business is public health(TM), announced today that its approach to avian influenza ("bird flu") has been published by the prestigious journal Annals of Internal Medicine.
Click here for Annals of Internal Medicine letter: (http://www.annals.org/cgi/eletters/145/8/631#3964).
Said Dr. David Moskowitz, GenoMed's CEO and Chief Medical Officer, "GenoMed is honored to have created a debate within the virology community about whether it's the viral load or the 'cytokine storm' which kills a patient with a lethal viral disease like avian influenza. Three years ago we applied for a patent saying that the 'cytokine storm' alone was lethal, and that the viral load could essentially be ignored. Two years ago, we published that our purely anti-inflammatory approach appears to work for another lethal viral disease, West Nile virus encephalitis."
Dr. Moskowitz continued, "We're eager to keep testing this hypothesis. If we're right, it will transform the way viral diseases are treated in the general population."
Added Dr. Moskowitz, "At this point, as with the rest of our treatments, the only element missing is public awareness. We're reminded every day that if people with viral disease, high blood pressure, diabetes, or emphysema only knew about us, we might be able to help save their lives."
About GenoMed
GenoMed owns "use" patents (which are pending) for the use of already existing, safe blood pressure pills to treat many diseases besides high blood pressure, including avian influenza. GenoMed estimates that it can already save 10% of healthcare costs and extend life by several years. The company is currently trying to publicize its intellectual property, since having cures is useless if nobody knows about them.
Safe Harbor Statement
This press release contains forward-looking statements, including those statements pertaining to GenoMed, Inc.'s (the Company's) finances and treatments. The words or phrases "ought to," "should," "could," "may," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including but not limited to our research and development being subject to scientific, economic, regulatory, governmental, and technological factors. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Unless otherwise required by applicable law, we specifically disclaim any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
TrendSetter Solar Products Assesses Market and Updates Market Expectations for 2007 FAIRHAVEN, CA -- (MARKET WIRE) -- October 24, 2006 -- TrendSetter Solar Products, Inc. (PINKSHEETS: TSSP) today announced management it has reassessed the markets for its solar thermal hot water heating and storage products and updates sales expectations for 2007.
TrendsSetter's CEO, Dirk Atkinson, states, "Predictable trends in increasing renewable energy demand are here now, however, consumer awareness is not nearly up to the speed it could be. It is important that the message to the consumer is delivered in a meaningful and understandable way, so they know how our products will benefit their lives. It is TrendSetter's goal to step up marketing efforts in such a way that helps the consumer know why they need our systems and how they can afford them."
Dirk Atkinson further states, "TrendSetter's evolving marketing plan will now include renewed emphasis on educating the consumer. Additional marketing efforts in the 2007 fiscal year include expanded website presence, comprehensive packages for developers and end consumers, and expanded fee-based services for building energy modeling, Energy Star and tax credit compliance. TrendSetter is now offering these additional services to new and existing dealers and clients. The response is has been extremely positive and will lead to increased sales."
TrendSetter Solar Products, Inc. keeps its finger on the pulse of the renewable energy market. As TrendSetter approaches the end of the Company's 2006 fiscal year, the management takes time to assess their current marketing plan and vision. With the first ten months of the Federal Energy Tax Credit having passed TrendSetter recognizes additional market opportunities and needs.
While TrendSetter continues to expand its marketing plan it has found reinforcement in recent DOE studies and Company marketing efforts. It has become apparent to the TrendSetter marketing team that the residential consumer, developer and builder's awareness must be elevated regarding the options available to them to reduce building energy usage. Unless something is done to increase consumer awareness, DOE projections will prove to be right and fall short of the potential for the market.
The DOE, Department of Energy, Annual Energy Outlook for 2006, projects rapid growth from non-hydroelectric renewable energy sources, partly as a result of State mandates for renewable energy generation and renewable energy tax credits. As much as the energy contribution from solar and geothermal heat pumps will double over the projected next 24 years, it is less than 1% of the delivered residential energy use throughout the period. (http://www.eia.doe.gov/oiaf/aeo/index.html).
The DOE has stated that the average residential household uses 13% of its energy for water heating, 31% for space heating and 12% for cooling. Of these uses TrendSetter currently offers cost effective solar thermal collections and storage solutions for 70 to 90% of these hot water and space heating needs. Further development and improvements in adsorption chilling technologies will eventually allow TrendSetter to offer thermal storage for space cooling.
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FLIP (.043) FTS Group CEO Issues Letter to the Shareholders
Market Wire "US Press Releases "
TAMPA, FL -- (MARKET WIRE) -- 10/24/06 -- FTS Group, Inc. (OTCBB: FLIP), an acquisition and development Company, today released the following open letter to the stockholder:
Dear Shareholders:
It is with great pleasure that I write to you again during this exciting time in the continuing development of our Company. First, I would like to thank all of the shareholders who took the time to vote in support of our initiatives in our recent proxy. We successfully completed our annual meeting with strong shareholder support. I want to reassure all of our investors of FTS that the increase in authorized shares does not mean that we will be issuing any more shares than we absolutely feel necessary to execute our plans. In fact, we'll now be in a much better position on the acquisition front by having immediate access to funds through warrant exercises if the right situation presents itself. Our immediate goal (next 12 months) is to pay down our debt and increase sales and earnings. This letter will hopefully provide investors with additional detail regarding our plans not covered in our press releases.
Review of Past 12 Months
Operations
We can talk about our hopes and dreams all day, but at the end of the day, the operating results tell the true unbiased story of FTS. When I'm out talking to potential acquisition targets the prospects for most of them usually sound unbelievable, that is until you see the numbers. We've accomplished a lot in the last 12 months and our operating results tell a pretty clear story of profitable growth.
-- We've increased our annual revenue base from $1.3 Million in 2005 to a projected $7 Million during 2006. -- We've turned a $1,997,850 net loss into a meaningful profit during 2006. -- We've increased stockholders equity from $212,411 at year end to $1,844,552 as of June 30, 2006. -- Signed a new five-year contract with DISH networks.
At the same time, on January 3, 2006, we had approximately $7.8 Million in stock and cash debt commitments to institutional investors and others related to our acquisition. I'm pleased to report to the stockholders that, during the first 10 months of 2006, we have reduced those commitments by $2.7 Million. By January 4th, 2007, we expect to reduce our debt commitments by an additional $1,250,000 or $4,000,000 during the last 12 months. Based on today's operations, we expect to be a totally debt-free Company generating well over a million dollars a year in net income in the next 10 to 14 months.
Management
In February we hired a new Chief Operating Officer, David Rasmussen. Dave came to FTS from a subsidiary of GE where he had spent the last 6 years or so. It's been refreshing to work with Dave over the past 9 months and see the Company from a different perspective. He's brought tremendous organizational and professional skills to our Companies that have improved the day-to-day operations of all FTS Companies greatly. Going forward, Dave will play a pivotal role in the continued development of our Company. His experience in dealing with the issues unique to $100 Million plus Companies will be an invaluable asset to our organization.
In addition, the founder and President of See World Satellites, Rickey Miller, stayed on to run the day-to-day operations of See World and ensure a smooth transition. Rickey's experience and understanding of the satellite television industry is second to none. We look forward to leveraging his experience and input as we undertake our expansion plans heading into 2007.
Shareholder Value Plans
Obviously, as a public Company, management's goal is to increase the shareholder value of the underlying Company. But in the real world we all know that more often than not that statement is hollow. I have many a reversed stock position as proof. Many statements are made with no real basis for believability. Although it has taken us a little longer than I expected to achieve profitability, we have. Becoming profitable is a major milestone for any Company, especially an OTCBB Company. Few OTC Companies ever see this milestone. Obviously as someone who holds nearly 12 million shares of FTS common stock, I am not at all pleased with the performance of our stock at the moment. On that note, I have continued to acquire additional shares of FTS common stock in the open market over the year and plan to continue to do so. Even if the street doesn't see the value in our Company, I do and our numbers don't lie. The street doesn't seem to understand our story for some reason; hence our stock price continues to lag. Our current valuation is less than a multiple of 1 times our projected 2006 profitable revenue level. The key to our success is our profitability, at this point our story is relatively straightforward, pay down our debt, grow sales and earnings then use our cash flow to buy back shares and improve our capital structure. The bottom line is, at this leve,l I believe FTS is a very good investment and being profitable, we control our destiny.
Spin Offs
Last year we discussed possible plans for a liquidity event by "spinning off" our wireless division. We continue to evaluate the feasibility of such a move. The process has proved to be more trying then we originally expected. We're working through the various issues related to the process and are evaluating several different methods of achieving our goals. I firmly believe in the concept of creating liquidity events for two basic reasons. First in certain instances a spin off provides the sub Company with much greater access to capital and creates a new currency to be used to fund continued growth. The second reason is that the underlying Company can accelerate its growth without any further dilution to FTS Group. Our shareholders get stock in the newly spun out Company thereby increasing the return on investment by holding our shares. We'll be issuing our definitive plans before the end of the year.
The Next 12 Months
An Exchange Listing
Now that we've achieved profitability, we have more control of our future. I firmly believe that sometime in the next 12 months FTS will be able to apply for a listing on a national stock exchange, either the Amex or the NASDAQ small cap. I know with our stock trading at $.05 this sounds aggressive and some investors might not be optimistic in our ability to achieve this huge milestone. Many investors didn't think we would become profitable or be on track to post $7 million in revenue from $0 only a few years ago either. Right now we are 100% focused on hitting the fundamental metrics needed for a listing. When we have the fundamentals in place, we'll hit the street and actively tell our story through road shows, print, television, radio, and Internet media outlets to raise our awareness within the investment community. Again I know this sounds aggressive and it won't happen over night, but our financials provide a clear picture as to where we are in the process. I've stated many times that I'm against reverse stock splits. I don't believe a RS is in our future even to gain a listing but we'll address that concern when it matters and we've achieved the fundamental metrics.
Acquisitions, Sales and Earnings
For us the next 12 months is less about acquisitions and more about growing sales and earnings. I'm reluctant to take on additional debt when our path to generating over a million dollars a year in cash is so clearly within our grasp. When we get to that point we suddenly will have the upper hand with regards to acquisitions and our stock price. Stock buybacks work in situations like ours. With our solid profitable foundation cleaning up our capital structure after our debt is paid should unlock the true potential of our stock. If it doesn't we'll continue to buy more shares and cancel them. As I stated earlier, at the point our debt is paid we control our own destiny.
We do continue to actively pursue many potential acquisition targets and are still in the market for the right deal. We've become a lot pickier since becoming profitable and have turned down at least three deals this year. We've also made several unsuccessful purchase offers. There are several organic expansion opportunities for us at the moment in both the wireless and satellite sides of the business that we plan to take advantage of. I'm reluctant to do additional deals unless the price is right due to our low share price. I think the better use of funds at this point is paying down our debt. I also believe we'll see our first significant organic gains in top and bottom line numbers during the coming year as we continue to improve our balance sheet and control costs.
The Big Picture
Obviously, I'm biased, but to me the big picture looks extremely bright for FTS, our employees and our stockholders. As a former stockbroker and fund manger, my experience in the public markets has taught me some important lessons. The first one is that earnings are the engine of growth that lead to sustainable stock price gains. Not talk or talk perceived as hype, not projections, not press releases or partnerships. We have turned a debt ridden Company with no revenue into a profitable enterprise that will generate around $7 million in profitable revenue this year. We've built an organization that is focused on achieving our goals and expanding our company in a responsible manner that we feel will benefit every shareholder and employee of the Company. The pieces are in place to achieve the goals I've laid out in this letter and in many of my previous communications. It's all about execution at this point. One of my favorite movie quotes once said, "Good things, sometimes take time."
I'd like to thank the many shareholders who have been with us for years as well as the ones that have recently joined us. In addition, I'd like to thank the hard working dedicated employees of our organization. Their hard work and dedication form the foundation of our positive operating results.
Best Regards, Scott Gallagher Chairman and CEO FTS Group, Inc.
FTS Contacts:
Investors: www.FTSGroup.TV Scott Gallagher CEO Voice: (215) 688-2355 Email Contact
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HRCT (.079)Announces Signing of Memorandum of Understanding to Acquire 51% Equity Interest in Hunan Vocational College of Foreign Language
Market Wire "US Press Releases "
SHANGHAI, CHINA -- (MARKET WIRE) -- 10/24/06 -- The Hartcourt Companies, Inc. (OTCBB: HRCT) (FRANKFURT: 900009) today announced that it ("the Company") has entered into a non-binding Memorandum of Understanding ("MOU") with Hunan Vocational College of Foreign Languages in Hunan Province, China ("HVCFL") to acquire a 51% equity interest in HVCFL. The transaction is expected to be completed by the end of February next year and is subject to completion of due diligence by the Company and execution of the definitive agreement.
The proposed consideration to be paid by the Company for the acquisition is US$6.5 million cash. HVCFL has agreed to guarantee its net revenue at not less than RMB 65 million (US$ 8.24 million) and profit after tax of not of less than RMB 20 million (US$2.5 million) each year for the five years following closing (2007-2011).
Founded in 1993, HVCFL provides post-high school education and vocational training services to the students in the region of Changsha, the capital city of Hunan Province, China. HVCFL has over 5,000 students and is expected to have approximately 7,000 students in 2007 and 10,000 in 2008. The average tuition fees and boarding cost per student of HVCFL is RMB12,000. There are over 200 members of the faculty at the College.
HVCFL is the sole foreign language school in Hunan province offering academic programs of business English, applied Japanese, applied French and other languages, international economics and trade, marketing and sales, hotel management and logistics management.
Mr. Huang Xu, President of HVCFL, commented, "HVCFL is a foreign language college with over 10 years of history. We are recognized in the region of middle China for curriculum design and development and would like to expand our market to other areas. We are glad that we have the opportunity to work with Hartcourt and to have access to additional sources of capital, program extension as well as management expertise to achieve this goal."
Dr. Yungeng Hu, President and CFO of the Company, commented, "Hunan's location in middle China fits in well with China's implementation of middle-west development strategy, where capital, technologies and talents are needed. With foreign investment increasing in the area, more people with foreign language skills are needed. We believe the needs will continue to grow in the coming years and the acquisition of HVCFL will enhance our earnings once we have completed the acquisition."
Mr. Victor Zhou, CEO of the Company, stated, "The signing of the MOU with HVCFL demonstrates our ongoing strategy to acquire operating education assets throughout China. The academic programs of HVCFL and other schools in consideration are complementary to this strategy. We believe both parties will benefit greatly from joining forces and the combined company will have significant opportunity to grow with greater synergy and lead to success."
More information about HVCFL can be found in its web sites: www.hnflc.com
About Hartcourt
Hartcourt's achievements and operations can be found on its web site: www.hartcourt.com
Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. Forward-looking statements are identified by words such as "expects," "believes," "anticipates," and words of similar import. 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, including those risks identified in the company's filings with the U.S. Securities and Exchange Commission, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
Contact: Ms Tingting Ni Tel: + 86 21 51521577 Fax: + 86 21 51521579 Email: Email Contact
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XKEM (.026) Announces Results of Annual Stockholder's Meeting
Business Wire "US Press Releases "
NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--
Xechem International, Inc. (OTC BB: XKEM) announced today the results of its Annual Stockholder Meeting, held earlier today at the company's offices in New Brunswick, New Jersey. Proxies representing a majority of the shares voted at the Annual Meeting were cast in favor of management and its policies and actions since the previous annual meeting, including the resolutions brought before the shareholders for a vote.
Xechem's Chairman and CEO, Dr. Ramesh Pandey, updated shareholders on developments at the company, with emphasis on the strides made by its subsidiary, Xechem Pharmaceuticals Nigeria, Ltd., in commercializing NICOSAN(TM), its Natural Herbal Drug for the prophylactic management of Sickle Cell Disease (SCD). Included in Dr. Pandey's presentation were slides showing the progress made in the construction of the new state-of-the-art commercial scale production facility which will adhere to the cGMP standards at its premises in Abuja, Nigeria, presently slated for completion by mid to late 2007. Dr. Pandey also recounted for those in attendance the extraordinary transformation that has occurred since 2002, when Xechem was developing the drug with borrowed equipment in temporary lab space. Now, he said, Xechem has built a modern, cGLP standard pilot facility from the ground up that rivals any in Nigeria and is currently producing and selling limited quantities of the drug at the highest standards. According to Dr. Pandey, "When you consider how far we have come with the limited resources available to us, including receiving approval from Nigerian drug regulators in July of this year and our success in bringing the drug to market, I am very pleased with what we have accomplished in a relatively short period of time. To be sure, much work still lies ahead, but I am optimistic that our progress will continue to accelerate and I look forward to delivering rewards to our shareholders."
At the meeting, the current slate of directors, Dr. Pandey of Highland Park, New Jersey, Mr. Stephen Burg, of Fairfield, California and Dr. Adesoji Adelaja of Okemos, Michigan, were all re-elected by wide margins to the board of the company. Other resolutions passed by shareholders included the ratification of the company's selection of Moore Stephens P.C. as its auditors, the adoption of a Stock Option Award Plan authorizing the grant of options to purchase 150 million shares of the company's common stock, and an approval to an amendment to the company's certificate of incorporation to increase the number of authorized shares of common stock from 1,950,000,000 to 5,000,000,000.
Board Takes Action to Voluntarily Limit Company's Ability to Issue Shares Without Further Shareholder Action
Despite the approval by shareholders to increase the company's authorized share capital, Xechem's board of directors held a special meeting immediately following the conclusion of the Annual Meeting and passed a resolution restricting the ability of the company to issue more than 3.5 billion total shares without a further vote of the shareholders. According to Xechem's Chairman and CEO, Dr. Ramesh C. Pandey, "The resolution increasing the company's authorized share capital was never a reflection of any present intention by the Company to issue shares in the amount of the proposed increase, but rather was designed to give the company maximum flexibility to respond to ever-changing events and opportunities, and to provide a hedge against unforeseen and unanticipated circumstances. However, after listening to the concerns of our shareholders, the Board was persuaded to voluntarily limit the ability of the company to issue more than 3.5 billion shares without further authority from the shareholders. I believe that the Board's action in limiting the issuance of shares will allay shareholder concerns while still providing the company ample flexibility to respond to future circumstances."
About Xechem
Xechem International is a development stage biopharmaceutical company working on Sickle Cell Disease (SCD), antimalarials, antiviral (including AIDS), anticancer, antifungal and antibacterial products from natural sources, including microbial and marine organisms. Its primary focus is on the development of phyto-pharmaceuticals (Natural Herbal Drugs) and other proprietary technologies, including those used in the treatment of orphan diseases. Xechem's mission is to bring relief to the millions of people who suffer from these diseases. Its recent focus and resources have been directed primarily toward the development and launch of NICOSAN(TM) (named HEMOXIN(TM) in the US and Europe) for the prophylactic management of Sickle Cell Disease (SCD). With the recent Nigerian regulatory approval of NICOSAN(TM), Xechem is now scaling-up the commercialization of the drug in Nigeria and making preparations for the pursuit of US FDA and European regulatory approval. In addition to NICOSAN(TM), Xechem is also working on another sickle cell compound, 5-HMF, which it has licensed from Virginia Commonwealth University (VCU).
Forward Looking Statements
This press release contains certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward looking statements involve known and unknown risks and uncertainties.
Source: Xechem International, Inc.
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CHNW (.003) Requests "NOBO" List to Determine Shares Outstanding
PR Newswire "US Press Releases "
FORT LAUDERDALE, FL, Oct. 24 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK), www.cashnow.com, (Cash Now), a public company engaged in the design, manufacturing, marketing and distribution of customized payday loan and check cashing software and systems, internet based payday loans, and other sub prime financial utility tools, today announced that it has requested a NOBO (Non-Objecting Beneficial Owner) report. The NOBO, which stands for Non Objecting Beneficial Ownership, list shows a more complete corporate ownership profile than is available from the transfer agent alone. "We will be reviewing the NOBO list," explained President John Falting. The process is underway and the company agents are coordinating responses from banks and other institutions. The report will provide information about how many Cash Now shares are outstanding and the number of holders of the company's shares. Cash Now expects to receive the report on or about the week of November 20 2006, and will release the aggregate data as soon as possible after receiving the report.
Our primary interest is to our shareholders, and the creation of value for all company stakeholders. As the company moves forward with increasing sales revenues and anticipated earnings from operations, it will be very important that the company has an accurate list of its shareholders and an effective communications channel with them on a continuing basis. "We are committed to remaining transparent to our shareholders - we want them to know exactly where the stock stands," said Kevin Price, CEO of Cash Now. "As we work to shift our stock from the Pink Sheets to the Bulletin Board Exchange, this is one more step in that process." We believe that an organized program to short the stock is responsible for the devaluation of the Cash Now stock that has been occurring recently. Cash Now has made several announcements over the past few months, of various corporate acquisitions and infrastructure improvements, with most of those acquisitions being made in cash and restricted stock. Cash Now management has paid great attention to the redistribution and in most instances restrictions as to how much and what manner these restrictive stocks can be sold and distributed in the future, once they become free trading.
According to the company records there are approximately 590 million outstanding shares, on an authorized float of 950 million shares. The outstanding share structure represents both free trading and restricted shares. With an institutional financier already in place, the company projects that it may be in a position to re acquire as much as 220 million outstanding shares (at current price levels) with this institutional financiers backing, and support over the next 6 to 12 months.
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses this includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#) 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
"Safe Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
SOURCE Cash Now Corporation
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VMDG (.20) Perihelion Global Completes Merger with Vision Works Media Group
Business Wire "US Press Releases "
SANTA ROSA BEACH, Fla. & WILMINGTON, Del.--(BUSINESS WIRE)--
Perihelion Global (OTC:PHGI) announced that the corporation has formally completed its merger with Vision Works Media Group (OTC:VMDG) a publicly held corporation. The newly merged company will operate under the name Perihelion Global, Inc. as a Delaware corporation.
The merger between Perihelion Global and Vision Works Media Group is effective as of October 17, 2006, and Perihelion Global will begin trading under the symbol PHGI at the open of the market on October 25, 2006.
Perihelion Global has on record a total of 52,398,567 shares outstanding which includes 1,815,567 free trading shares.
"I am pleased to announce the completion of the merger of Perihelion Global and Vision Works Media Group," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "With the merger now complete, Perihelion Global will work to complete the acquisition of Saturday Night, LLC."
Additionally, with the completion of the merger Perihelion Global will now commence additional targeted acquisitions to further increase the net asset holdings of the corporation.
A conference call has been scheduled for November 1, 2006 at 3:00pm EST to outline the operations, strategy and goals of Perihelion Global to all shareholders and interested parties. Participation in the conference call will require an access code and can be obtained by emailing investors*perihelion.com.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications.
This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.
These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:
-- General economic conditions, either nationally or in our market area, that are worse than expected;
-- regulatory and legislative actions or decisions that adversely affect our business plans or operations;
-- price competition;
-- inflation and changes in the securities markets that adversely affect the fair value of our operations; and
-- changes in our organization, compensation and benefit plans.
We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.