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2000-09-14 11:31 ET - News Release
Digital Gas Agrees to Sign Three Contracts With Dong Sheng Corporation
NEW YORK, Sep 14, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG - Pink
Sheets) today announced that it has agreed to sign three oil & gas contracts
with Dong Sheng Corporation ("DSC") of Dongying, Shandong Province, Peoples
Republic of China. The contracts will be for engineering, education and
production sharing respectively. Dong Sheng produces 4 million barrels of oil
per year from 540 wells in 15 fields.
The agreement dated today states that "The partnership objectives are to improve
oil & gas production and field recoveries in all of DSC's fields and to develop
new fields with the best technologies available both domestic within China and
in the International market."
The contract for engineering involves the submission of engineering action plans
for each field and work, such as Digital has agreed to immediately conduct on
several properties of Dong Sheng, including: the design and implementation of
fracturing programs to improve the stimulation of existing wells; sourcing the
correct pumps to handle sand and low production rates; dealing with wax problems
under Digital's quality control systems and, finally, to work with Dong Sheng on
water treatment solutions.
The contract for education involves training Dong Sheng personnel in the
classroom and at the wellsite. The primary focus of Digital is to build and
train cross-functional teams, with the goal of maximizing the exploitation and
recovery of hydrocarbons.
The contract for production sharing allows Digital to earn a significant
percentage of the total production of each field for little or no direct
investment. With respect to the production sharing agreement, Mr. W. Brian
Lunan, a Director of Digital, said that "before signing the agreement, we
conducted our technical audit on one key Dong Sheng field using our proprietary
Stage Gate Process and the field passed our test with flying colors." "The
principals and personnel of Dong Sheng, as well as their highly prospective 15
fields, are the best we have seen in China to date," added Mr. Lunan.
A fourth contract for reservoir enhancement is on the table, but will only be
considered after Digital has fully improved the production from DSC's 540 wells
under the production sharing agreement. In these fields, reservoir enhancement
would take place at depths in excess of the current limit of 3,000 meters and
would entail greater risks and rewards. This delay in deep drilling allows
Digital to build significant cash flows relatively risk and cost free.
The contract signings are scheduled for the week of October l6th at which time
Digital Gas will turn over the detailed engineering plans for the initial target
fields.
Digital Gas is prepared to go to contract on the same basis with any qualified
company in Asia with highly prospective properties in need of Digital's
state-of-the-art enhancement technologies.
SOURCE Digital Gas, Inc.
CONTACT: Leo Murray of PR Associates, 212-856-4496, for Digital Gas,
Inc.
(DIGG)
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: New York
China
INDUSTRY KEYWORD: UTI
OIL
SUBJECT CODE: CON
2000-08-25 15:30 ET - News Release
Digital Gas Announces Contract Offers and the Naming of a New Director
NEW YORK, Aug 25, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG - Pink
Sheets) today announced that it has been offered four oil & gas contracts in
China and that it has named An Ping, an international management consultant, to
its Board of Directors effective immediately.
Two of China's oil & gas Administrations have critically reviewed four separate
contract proposals tendered by Digital and the respective Administrations have
decided that Digital shall be offered two production sharing and hydrocarbon
enhancement contracts and two contracts calling for the utilization of Digital's
exclusive oil & gas reservoir enhancement technologies.
Commenting on this latest development from China, Mr. W. Brian Lunan, a Director
of Digital Gas, stated that "the team's hard work, diligence and communication
with the Chinese has resulted in this breakthrough." With respect to the
production sharing and hydrocarbon enhancement contracts, Mr. Lunan added that
"Digital Gas will conduct an extensive technical audit using its proprietary
Stage Gate Process on the contract area before signing." Mr. Lunan is the
creator of the Stage Gate Process.
An Ping, who has held positions at Airbus Industries, Forbes, Next Corp. and
Radio France International in cities such as Bejing, Tokyo, Paris and Hong Kong
and New York, has extensive worldwide experience in business negotiations and
management. She will advise the company in establishing additional strategic
alliances in China and throughout Asia.
Digital Gas is continuing to develop its existing opportunities in China, as
well as add to the scope of this business when new opportunities arise.
For further information, contact Leo Murray at 212-856-4496.
SOURCE Digital Gas, Inc.
CONTACT: Leo Murray for Digital Gas, Inc., 212-856-4496
(DIGG)
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: New York
INDUSTRY KEYWORD: OIL
SUBJECT CODE: CON
2000-08-17 17:19 ET - News Release
Also News Release (U-MOB)
Also News Release (U-NL) N L INDUSTRIES INC
Also News Release (U-SLB) SCHLUMBERGER LTD
Digital Gas Names Two New Directors
NEW YORK, Aug 17, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG - Pink
Sheets) today announced that Christopher Mothersele, formerly with Gulf Canada
Resources Ltd., and Lois McCorriston, formerly with Halliburton Energy Services,
have agreed to serve as Directors of the company effective immediately.
Mr. Mothersele will be responsible for developing and accessing new products and
technologies for future growth and will be the person responsible for the
maintenance and quality of the reserves which Digital contracts to enhance on a
worldwide basis. He will also be responsible for reservoir engineering, reserves
evaluation and exploitation planning.
Ms. McCorriston will be responsible for the development and application of
chemicals for oil & gas production, including horizontal drilling, completions,
production and EOR on a worldwide basis. She has numerous patents in her
specialty area and was the recipient of the Pegasus Award in 1997, which was
awarded by Mobil Oil for "Outstanding Technical Work in Horizontal Wells."
The leader of the Digital Gas technical team is W. Brian Lunan. Mr. Lunan was
formerly with Halliburton, NL McCullough, NL Industries, Schlumberger Overseas,
Phillips Petroleum and Uddeholms/D.N.N. in a variety of positions and has been
involved in the drilling of 300 under-balanced wells, including major projects
in North and South America, Europe and the Far East. Mr. Lunan was the Director
of Training in Brazil and Argentina for Schlumberger. "Digital Gas has asked me
to bring the very finest oil & gas practitioners into the company to support an
aggressive growth plan that entails the exploitation of downstream as well as
upstream opportunities worldwide," said W. Brian Lunan, who is also a Director
of Digital Gas and who has recently accepted an invitation to co-Chair a UBD
session with Shell at the SPE 2000 Conference and Exhibition in Dallas from
October 1-4.
In an entirely new development, Digital Gas stated that the company has just
signed a Letter of Intent to participate in a highly innovative, world-class
development project in an area of China that over all the centuries of Chinese
history has escaped any meaningful development. "We are currently evaluating the
extent of our participation in this dramatic new project and we will make an
announcement regarding the precise level of our involvement by early next week,"
said Mr. Lunan.
For further information, contact Leo Murray at 212-856-4496.
SOURCE Digital Gas, Inc.
CONTACT: Leo Murray of PR Associates, 212-856-4496, for Digital Gas,
Inc.
(DIGG)
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: New York
INDUSTRY KEYWORD: OIL
UTI
ENV
SUBJECT CODE: PER
2000-08-02 17:47 ET - News Release
Digital Gas Announces China Oil & Gas Update
NEW YORK, Aug 2, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG - Pink
Sheets) today announced several new developments regarding its oil & gas
business in China. The developments relate to the prospects for signing oil &
gas contracts and an expansion of the company's oil & gas business to include
equipment manufacturing and distribution.
Several Chinese companies that have signed agreements with Digital have
completed the detailed technical questionnaires on the oil & gas fields that
candidates for production enhancement and have indicated to Digital that they
are interested in receiving contract proposals. The completion of these
questionnaires was the final step needed to allow Digital Gas to submit contract
proposals and enter into final negotiations. The three types of contracts that
the company will initially seek are: a general consulting contract, a production
sharing and hydrocarbon enhancement contract and a mud contract to work on new
and advanced mud systems to be used in China and internationally.
As a result of this development, Mr. W. Brian Lunan, a Director of Digital Gas,
is proceeding to China to begin contract negotiations. "We have completed
quantitative technical reports with action steps identifying the respective
reservoir enhancement program for each field under consideration. In addition,
each field has been rated for its revenue generating potential," added Mr.
Lunan.
"We feel quite strongly about our future relationship with the several Chinese
companies that we are currently negotiating with," said Mr. Lunan, who has
recently accepted an invitation to co-Chair a UBD session with Shell at the SPE
2000 Conference and Exhibition in Dallas from October 1-4.
In a related development, Digital Gas is evaluating several manufacturing and
distribution opportunities in the oil & gas field in China. Digital is currently
in a position to provide its Chinese partners with leading edge technology in
multi-phase flow, separation and jet pumping and electronic control systems for
pumping oil wells. These opportunities can lead to significant manufacturing and
export opportunities for both Digital Gas and its Chinese partners.
Digital Gas is continuing to develop its existing opportunities in China, as
well as add to the scope of this business when new opportunities arise.
SOURCE Digital Gas, Inc.
CONTACT: Leo Murray for Digital Gas, 212-856-4496
(DIGG)
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: New York
China
INDUSTRY KEYWORD: OIL
2000-06-15 14:34 ET - News Release
Digital Gas and Jianghan Petroleum Agree to Form Exploration &
Development Partnership
NEW YORK, Jun 15, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG --
Pink Sheets) today announced that the Jianghan Petroleum Administration Bureau
("JPAU") has agreed to enter into an oil & gas exploration and development
partnership for the Jianghan Oilfield in the People's Republic of China.
Jianghan Petroleum and Digital Gas have agreed that there is a need for advanced
reservoir technologies as supplied by Digital Gas to be implemented in the
Jianghan oilfields. "We feel quite strongly about our future relationship with
the Jianghan Petroleum Bureau," said John Kirk, the President and a Director of
Quingdao Digital Gas. "The Jianghan Oilfield is an ideal place to introduce our
proprietary technologies in oilfield chemistry, underbalanced drilling,
reservoir optimization and integrated exploration," Mr. Kirk added.
Digital Gas now has three petroleum administrations that it has agreed to
partner with in the PRC. These discussions are being led by Qingdao Digital Gas,
the company's operating arm in the PRC. Detailed technical questionnaires
developed by the Digital Gas technical team have been forwarded to the three
administrations and several other companies it is presently negotiating with.
These questionnaires are being answered by the respective companies and upon
receipt of this detailed information, a quantitative technical report with
action steps will be written to identify the respective reservoir enhancement
program for each field under consideration.
The corporate strategy of Digital Gas has now entered a new phase. Digital Gas
will define, delineate and seek to commercialize specific opportunities it has
been offered for consideration. A Digital Gas team will return to the PRC later
this month. The team will include both business and technical leaders and the
purpose of the trip will be to contract for specific oil and gas projects in the
PRC and internationally. The team will meet with the senior management and
representatives of the three petroleum administrations and the other PRC oil &
gas companies that it is continuing to negotiate with to add to its prospective
PRC business.
SOURCE Digital Gas, Inc.
CONTACT: Leo Murray, 212-856-4496, for Digital Gas, Inc.
(DIGG)
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: New York
China
INDUSTRY KEYWORD: OIL
SUBJECT CODE: CON
OTC
2000-06-06 13:19 ET - News Release
Digital Gas and Zhongyuan Petroleum Exploration Agree to Form
Exploration and Development Partnership
NEW YORK, Jun 6, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG - Pink
Sheets) today announced that the Zhongyuan Petroleum Exploration Bureau ("ZPEB")
agreed to enter into an oil & gas exploration and development partnership both
within China and internationally.
Zhongyuan Oilfield and Digital Gas have agreed to work together and cooperate
within China and throughout the world. "The partnership objectives are to
improve oil & gas production and field recoveries in current ZPEB fields and to
develop new fields with the best technologies available on a worldwide basis,"
the companies stated.
"We feel quite strongly about our future relationship with the Zhongyuan
Petroleum Exploration Bureau," said John Kirk, the President and a Director of
Qingdao Digital Gas. "The Zhongyuan oilfield is abundantly rich in natural gas
reserves. It has developed a comprehensive system to exploit, process and
transport natural gas and byproducts and we intend to assist them in maximizing
the abundant potential of their oilfields," Mr. Kirk added.
Also known as Zhongyuan Oilfield, ZPEB is a superlarge comprehensive enterprise
engaged in exploration and development of oil, as well as petroleum engineering
and technical services. Having built 14 oil & gas fields in Dongpu Depression,
ZPEB has acquired concessions throughout China, such as Yili Basin in Xinjiang,
Baiyinchagan Basin in Inner Mongolia, Minhe Basin in Qinhai. It is also
providing engineering and technical services in Pakistan, Bangladesh and
Ethiopia. ZPEB is a leader in the exploration and development of complicated and
faulted oil & gas fields both in China and the world. The company enjoys a high
reputation for its domestic and international engineering projects. Its
products, which sell throughout China, have been exported to the US, Hong Kong,
South Asia and Africa.
The management of Digital Gas reports that its May-June trip to China also
exceeded its expectations and that its technical team is presently evaluating
several upstream projects and other proposed joint ventures with the Shengli and
Zhongyuan Administrations. After the 16th World Petroleum Congress to be held in
Calgary, Alberta, from June 11-15th, the team will return to China to capitalize
on additional business opportunities. The company is presently holding
continuing discussions with senior management and representatives of several
other Chinese oil & gas companies to further add to its Chinese business.
For further information, contact Leo Murray at 212-856-4496.
SOURCE Digital Gas, Inc.
CONTACT: Leo Murray, 212-856-4496, for Digital Gas, Inc.
(DIGG)
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: New York
China
INDUSTRY KEYWORD: OIL
SUBJECT CODE: JVN
2000-04-28 16:58 ET - News Release
Also News Release (U-ERGY)
Digital Gas Subsidiaries Sign Investment Banking and Advisory Agreements
NEW YORK, Apr 28, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG - Pink
Sheets) today announced that five of its subsidiaries hive signed investment
banking and advisory agreements with Salomon Grey Financial Corporation of
Dallas Texas, a nationwide full-service investment banking firm that is a member
of the National Association of Securities Dealers (NASD), the Securities
Investor Protection Corporation (SIPC) and the Regional Investment Bankers
Association (RIBA).
The five subsidiaries are Digital Kommerce, Inc., Qingdao Harbor Trading, Inc.,
Itzagas, Inc., Digital Financial Services, Inc and True 8 Energy Corporation.
Salomon Grey will work with the subsidiaries to obtain financing and to
identify, refer, and negotiate potential merger and acquisition candidates and
other business transactions on behalf of the companies, including potential
joint ventures and associated capital formations. In addition to the above,
Salomon Grey will work with each subsidiary to increase the recognition of its
value and to increase shareholder value.
Salomon Grey has informed Itzagas, Inc. that its first priority will be to
assist the Company in raising the capital needed to make the acquisition of all
or part of its first target acquisition in the Internet field, which is a
leading product information search technology company.
In order to clarify Digital Gas, Inc.'s business interest in the oil & gas
sector in China, management reports that upon concluding three days of intense
meetings in both Beijing and Dongying there is every indication that the scope
of business opportunities in China and other parts of the globe with a potential
partner is considerable.
Many positive discussions were held with regard to the disciplines in which the
personnel of Digital Gas are recognized worldwide for their expertise. As a
result, Digital Gas' Chinese counterparts are looking forward to working
together with Digital Gas.
This cooperation is a major step forward for Digital Gas to assist the potential
partner to gain a significant proportion of new business in the oil & gas sector
worldwide.
For further information, contact Leo Murray at 212-856-4496.
SOURCE Digital Gas, Inc.
(C) 2000 PR Newswire. All rights reserved.
http://www.prnewswire.com
-0-
CONTACT: Leo Murray of PR Associates, 212-856-4496, for Digital Gas,
Inc.
(DIGG)
KEYWORD: New York
INDUSTRY KEYWORD: OIL
2000-02-22 08:30 ET - News Release Digital Gas Subsidiaries Begin Operations in China; Internet and
Technology Manufacture Lead Way
Digital Gas, Inc. (OTC: DIGG - Pink Sheets) today announced that two of its
subsidiaries, Qingdao Harbor Trading Company, Inc. and Digital Kommerce Network,
Inc., have begun operations in China. Initial enterprises will include
export-import, the Internet, and the manufacture and distribution of advanced
computer systems and networked information terminals.
The Qingdao Harbor Trading Company subsidiary of Digital Gas has signed 2-year
agreements with some 100 manufacturing, consumer products, electronics, chemical
and other companies to create a web-based electronic exchange. Qingdao Harbor
has been named a most favored distributor and its Chinese partners will showcase
their goods and services on the new exchange.
Under the new venture, Qingdao Harbor will receive revenues from participating
Internet sites and through advertising and sales on the electronic exchange.
Qingdao Harbor will also receive substantial income from direct facilitation of
export and import between these Chinese companies and the West in those
instances where products and services showcased through the electronic exchange
require sales and marketing personnel to close the transactions. Qingdao Harbor
will be adding sales and marketing staff to its current operation to foster the
growth of the new business
Qingdao Harbor.com will be powered by U-Know Software Corporation's leading
product information search technology (shopping bot), which can be accessed at
HYPERLINK http://www.shopbest.com/. U-Know, which has a 20% interest in Qingdao
Harbor Trading Company, is a technology company focused on innovative web
merchandising solutions.
Robert Solomon, president and chief executive officer of U-Know Software, said
that Qingdao Harbor Trading Company is taking the concepts of shopping bots and
B2Bs one step further by actively creating export-import opportunities with
dramatic income potential for Digital Gas and U-Know Software from the
real-time, electronic exchange.
At the same time, Digital Kommerce Network has signed an exclusive agreement
with Qingdao Abundant Dragon Products Ltd. of Qingdao, Shandong Province, PRC,
to partner in the manufacture and distribution of advanced computer systems,
Networked Information Terminals and other technology products of Digital
Kommerce. Produced at facilities in Shandong Province of the People's Republic
of China, the products will be marketed throughout China and elsewhere in Asia.
The goal of the venture is to build a "next generation" information age network
that stretches across Asia and beyond.
Mr. Mao, president and chief executive officer of Qingdao Abundant Dragon,
expressed his confidence in the ambitious project. "We firmly believe that we
have the ability and financial capacity necessary to implement the project to
the satisfaction and benefit of both sides. We feel this will be the first step
to the realization of our longer range plans to build an information network
empire."
To further strengthen its business activities in China, Digital Gas has entered
into a consulting agreement with the Chinese Business Services Group of Deloitte
Touche Tohmatsu, based in New York. The team will visit China in the next
several weeks to review the operations of Qingdao Harbor Trading Company and
Digital Kommerce Network, as well as Qingdao Digital Gas Enhancement &
Exploration Company, the company's sole foreign corporation involved in the oil
& gas business in China.
SOURCE Digital Gas, Inc.
(C) 2000 PR Newswire. All rights reserved.
-0-
CONTACT: Richard Calderhead of Digital Gas, Inc., 212-673-3920
(DIGG)
KEYWORD: New York
China
INDUSTRY KEYWORD: MLM
CPR
2000-02-17 08:29 ET - News Release
Digital Gas Subsidiaries Begin Operations in China
Digital Gas, Inc. (DIGG - Pink Sheets) today announced that its newly formed
subsidiaries, Qingdao Harbor Trading Company Inc., and Digital Kommerce Network,
Inc., have begun operating several businesses in China for export-import, the
Internet, and the manufacture and distribution of advanced computer systems and
networked information terminals.
The Qingdao Harbor Trading Company subsidiary of Digital Gas has signed 2-year
agreements with some 100 manufacturing consumer products, electronics. chemical
and other companies to create a web-based electronic exchange. Qingdao Harbor
has been named a "most favored distributor" and the Chinese partners will
showcase their goods and services on the new exchange.
Under the new venture, Qingdao Harbor will receive revenues from participating
Internet sites and through advertising and sales on the electronic exchange.
Qingdao Harbor will also receive substantial income from direct facilitation of
export and import between these Chinese companies and the West in those
instances where products and services showcased through the electronic exchange
require sales and marketing persons to close the transactions. In addition,
Qingdao Harbor will be adding sales and marketing persons to its present staff
to foster the growth of the new business. Qingdao Harbor has already arranged a
transaction for its first imported item from China, a revolutionary product for
the kitty litter market that is completely safe for cats and the environment.
Petcetera, Inc., of Bayonne, New Jersey, a wholesaler and distributor of pet
products for in excess of thirty years will distribute the new product under the
name "Litterly Amazing". The product will be showcased at the Backers Pet
Industry Spring Trade Show at Atlantic City in March. Digital Gas forecasts that
the product will earn a significant market share and will be just the first of
many similar trading activities generated by qingdaoharbor.com over the coming
years.
Qingdaoharbor.com will be powered by U-Know Software Corporation's leading
product information search technology (shopping bot), which can be accessed at
http://www.ShopBest.com. U-Know which has a 20% interest in Qingdao Harbor
Trading Company is a technology company focused on unique web merchandising
solutions. U-Know Software developed one of the first comparison-shopping
engines, as well as an early merchandise transaction system with an integrated
shopping cart. The product information search engine uses advanced parallel
processing techniques combined with an innovative agent that provides for true
real-time results for the most accurate and up-to-date product information
available. Additionally maintenance of existing sites and the integration of new
sites, along with their respective inventories are almost automatic and require
no programming significantly reducing overall costs.
Robert Solomon, the President and Chief Executive Officer, of U-Know Software,
said that, "Qingdao Harbor Trading Company is taking the concepts of shopping
bots and B2Bs one step further by actively creating export-import opportunities
with dramatic income potential for itself, Digital Gas and U-Know Software from
the real-time, electronic exchange."
Digital Kommerce Network has also signed an exclusive agreement with Qingdao
Abundant Dragon Products Ltd. of Qingdao, Shandong Province, PRC wherein both
parties agree to form a new corporation to manufacture and distribute advanced
computer systems; "Networked Information Terminals" and other such products of
Digital Kommerce at facilities to be provided in Shandong Province of the
Peoples Republic of China for distribution throughout China and Asia. The goal
of the venture is to build a "next generation" information age network that
stretches across Asia and beyond.
Mr. Mao, the President and Chief Executive Officer of Qingdao Abundant Dragon
confirmed his participation and confidence in this ambitious project. "We firmly
believe that we have the ability and financial capacity needed to implement the
project to the satisfaction and benefit of both sides, which shall be the first
step to the realization of our ambition to build an information network empire,"
he said.
To strengthen its business activities in China, the company has entered into a
consulting agreement with the Chinese Business Services Group of Deloitte Touche
Tohmatsu based in New York. They will visit China shortly after February 28th to
review the operations of Qingdao Harbor Trading Company, Digital Kommerce
Network and Qingdao Digital Gas Enhancement & Exploration Company, the company's
sole foreign corporation involved in the oil & gas business in China.
The management of Digital Gas will shortly visit China to finalize negotiations
on present business and to open up new business opportunities for itself and its
subsidiaries.
SOURCE Digital Gas, Inc.
(C) 2000 PR Newswire. All rights reserved.
-0-
CONTACT: Robert Lynn, President of Digital Gas, 214-691-3640, or
info@digitalgas.com
KEYWORD: New York
China
New Jersey
INDUSTRY KEYWORD: CPR
MLM
OIL
1999-12-07 11:07 ET - News Release
DIGITAL GAS FORMS SUBSIDIARIES TO OPERATE IN WESTERN CANADA
NEW YORK, Dec 7, 1999 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (OTC
Bulletin Board: DIGG) today announced that Digital Gas Canada, Inc. has
been formed and formally registered as a corporation in Alberta,
Canada. Digital Gas Canada, a wholly owned subsidiary of Digital Gas,
has in turn formed Digital Gas Geosciences Group and True 8 Energy and
assigned 50% of the equity in these companies to the Canadian-based
employees, consultants and strategic partners that are working on
international projects for the parent company.
True 8 Energy plans to acquire and operate oil & gas properties in the
Western Canadian basin, which will then be either enhanced and/or
explored by Digital Gas Geosciences Group.
Initially, True 8 Energy plans to build cash flow and carried positions
from contract work to enhance, explore and operate prospective
properties for third parties in conjunction with Digital Gas
Geosciences Group. If True 8 Energy is successful in this business, it
will consider an Initial Public Offering to obtain additional financing
to accelerate its acquisition plan.
Over time, the plan calls for Digital Gas to utilize part of its
international operating income, if any, to further accelerate the
acquisition plan of True 8 Energy in Canada and, possibly, South and
Central America, and Mexico. In the United States, True 8 Energy will
joint venture with Digital Gas on properties it sources for the parent.
For further information, contact Robert Lynn, President at 214-691-3640
or at info@digitalgas.com
SOURCE Digital Gas, Inc.
(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com
-0-
CONTACT: Robert Lynn, President of Digital Gas, 214-691-3640 or
info@digitalgas.com
(DIGG)
GEOGRAPHY: New York
Canada
INDUSTRY CODE: OIL
FIN
SUBJECT CODE: TNM
OTC
1999-10-11 17:20 ET - News Release
DIGITAL GAS SIGNS AGREEMENT TO COMMERCIALIZE SHOPBEST.COM
NEW YORK, Oct 11, 1999 /PRNewswire via COMTEX/ -- Digital Gas (OTC
Bulletin Board: DIGG) today announced that it has entered into an
agreement with U-Know Software, Inc. of Woburn, MA regarding global
e-commerce that covers development, marketing, technology exchange and
transfers of equity. No financial details were given.
Under the agreement, Digital Gas and U-Know Software will link their
respective websites and proceed to conduct e-commerce business on a
worldwide basis. A new portal being developed by Digital will be placed
on U-Know's servers. This portal, which was designed to attract a mass
audience of Internet users, will incorporate portions of U-Know's
proprietary software technology which the management of Digital
anticipates will become the industry standard for electronic commerce.
Each company's present Internet sites will remain up while the
integrated version is completed for debut at the end of the month.
U-Know Software is the owner of Shopbest, an e-commerce leader of
worldwide Internet shopping software and service that has expanded its
product base to approximately 8.3 million items and 1,800 product
categories. Shopbest currently utilizes several software engines, which
have unique and innovative search capabilities providing customers
global access to an immense assortment of products at huge discounts
and group rates for Shopbest members.
Commenting on his company's shopping technology, U-Know CEO Robert
Solomon, who currently reviews Internet and technology investments for
a major international investment fund, stated that, "the Shopbest
search and compare engine is superior to all others and is protected by
patents, patents pending, copyrights and trademarks."
Digital Gas has placed the rights to this portal in a wholly owned
subsidiary and U-Know will receive equity in that company as Digital
exercises options to purchase U-Know common stock, which U-Know is in
the process of taking public. No details of this aspect of the
agreement will be made available until the Board of Directors of each
company approves the transaction.
Further details of Digital's new strategic alliance with U-Know
Software will be made available shortly. For more information call
Robert Lynn, President at 214-691-3640 or info@digitalgas.com.
SOURCE Digital Gas
(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com
-0-
CONTACT: Leo Murray, 212-856-4496, for Digital Gas
(DIGG)
GEOGRAPHY: New York
Massachusetts
INDUSTRY CODE: MLM
CPR
SUBJECT CODE: JVN
OTC
1999-09-20 12:44 ET - News Release
DIGITAL GAS SUBSIDIARY KOMMERCE SYSTEMS AWARDED CONTRACT TO DEVELOP A
SOLAR POWER MONITORING KIOSK
NEW YORK, Sep 20, 1999 /PRNewswire via COMTEX/ -- Digital Gas Inc.
(OTC Bulletin Board: DIGG) of Dallas, Texas today announced that
Kommerce Systems Inc. of Boston, MA ("Kommerce") has been awarded the
contract to develop and implement a "Solar Power Monitoring Kiosk" by
Gravestar, Inc., a Cambridge, MA based real estate assets holding
company.
The new and unique kiosk is an integral part of Gravestar's
reconstruction of the Porter Square Shopping Center in Cambridge, which
has a strong focus on the use of environmentally friendly materials,
construction techniques, as well as the use of renewable energies. It
is unique among shopping center projects being constructed today
because it features a 20-kilowatt solar power array on the rooftop
which will power a great deal of the site's common electrical needs
during peak demand daylight hours. This solar power array will at times
actually return power to the local power utility network when fully
operational. Kommerce's kiosk, positioned at the center of the center's
common area, will continuously display the current and historical
status of the solar power array for viewers in the area. In addition,
the kiosk will offer viewers access to a wealth of solar power and
other renewable energy and environmental topics accessed via touch
screen.
"We are pleased to be a part of this very exciting and innovative
project," said Joe Scali, President of Kommerce. "The renewable energy
concepts and neighborhood information focus embodied in the Porter
Square Shopping Center Project are unique, and fit well with our
technologies and directions. We look forward to working with Gravestar
to implement this very timely and forward looking project," Scali
added.
"The appointment of Kommerce to develop this kiosk is a very important
ingredient in our project timetable," stated John Civilinski, VP of
Real Estate for Gravestar. "We were very impressed with Kommerce's
technical capabilities and their track record. We are very happy to
have a company of their capabilities on the team."
The official unveiling of the Porter Square Shopping Center Solar Power
System and the Solar Monitoring Kiosk is being planned for early
October 1999 at the site of the Shopping Center in Cambridge,
Massachusetts.
Digital Gas acquired 50% of Kommerce Systems, Inc., a developer of
advanced networking and multimedia applications. The company has
developed proprietary software and hardware technologies, which feature
strong graphical content and a high degree of reliability. The
company's software runs on a number of robust, well accepted industrial
platforms, including Unix, Linux Microsoft(R), Windows NT(R), and on
Lucent Technologies' Inferno Network Operating System. Kommerce's
principals have developed many systems involving sophisticated video
capture, e-Commerce, consumer data collection and other applications
involving remote operations such as kiosks and similar installations.
Digital operates its businesses out of offices in New York, Boston and
Dallas. On October 1st the company's oil & gas division will open an
exploration & development office in Calgary, Alberta.
For further information, contact Robert Lynn, President at
214-691-3640, or at http://www.digitalgas.com.
SOURCE Digital Gas, Inc.
(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com -0-
CONTACT: Leo Murray for Digital Gas, Inc., 212-856-4496
WEB PAGE: http://www.digitalgas.com
GEOGRAPHY: Texas
Massachusetts
INDUSTRY CODE: MLM
RLT
CPR
SUBJECT CODE: CON
OTC
1999-06-29 11:03 ET - News Release
DIGITAL GAS SUBSIDIARY KOMMERCE SYSTEMS AWARDED CONTRACT FOR MILLENNIUM
TIMECAPSULE INTERACTIVE BANK INFORMATION KIOSKS
NEW YORK, Jun 29, 1999 /PRNewswire via COMTEX/ -- Digital Gas, Inc.
(OTC Bulletin Board: DIGG) of Dallas, Texas today announced that its
subsidiary, Kommerce Systems Inc. of Boston, MA ("Kommerce"), has been
named the exclusive supplier of Interactive Bank Information Kiosks to
Tri.Mill Inc. of New York, New York. Tri.Mill is scheduled to launch a
worldwide "TimeCapsule" program in the third quarter of 1999, timed to
catch the pre- Year 2000 Millennium fever at its high point.
Tri.Mill's TimeCapsule program will feature a state-of-the-art
genealogical reference site on the Web, which will allow visitors to
the site to easily construct their own family history, as well as
provide for additions, as new generations appear. Kommerce will also
handle a11 of the Web site software development on this program.
By Y2000, banks will be strongly embracing Internet and other
information technologies. These will greatly enhance customer service
both in home andat the bank. In the process, banks will be delivering a
whole new stream of value-added products, and reducing their customer
transaction costs by as much as 75%. With an active R&D program geared
toward satisfying consumer, as well as bank needs, Kommerce plans to be
at the forefront of the new "in-bank Kiosks" business. Kommerce is a
highly regarded Boston-based high-tech firm that has developed and owns
advanced multimedia interactive kiosktechnology for banks and other
public installations, such as Millennium TimeCapsule projects on a
worldwide basis.
"We believe that American banks are going to leap at the chance to
improve service and cut costs," says Joe Scali, Kommerce CEO. "They are
already spending nearly $20 billion on technology. We are estimating
that upwards of 1,000 interactive Kiosks will be installed in the next
36 months. Starting at about $30,000 per kiosk station, and even higher
for more advanced systems, that is a minimum of $30,000,000 in business
for just that segment of the market alone."
Digital Gas acquired 50% of Kommerce, a developer, manufacturer and
marketer of information technology products, services and systems. The
technologists at Kommerce have enhanced and improved the productivity
of Fortune 500 companies, educational institutions, the government and
other corporate clients on a worldwide basis for over twenty-five
years. "The fact that the company is a 'business incubator' will be
especially attractive to the banks, as Kommerce will be at the
forefront of new product development in telecommunications, software
and the Internet areas over the coming years and will be able to keep
their multimedia interactive kiosks updated with the most current
technologies," said Scali. "Internet transactions are still a small
part of a bank's overall business, but the market potential is huge as
bank consolidation drives cost cutting. Currently, only 5% of banks
have transactional Web sites. That's expected to rise dramatically.
Frost & Sullivan projects Kiosk sales to exceed $43 billion in the next
two years," Scali added.
With Kommerce Interactive Bank Information Kiosks, customers will
beable to apply for loans and mortgages, make car and other payments,
receive Mutual Fund information, review stock market performance,
review insurance options, and review investment opportunities. With
provision for confidential screen displays, and customer passwords or
PIN numbers, customers can update balance and status of accounts, move
funds between accounts, and monitor their portfolios. Customers can
print out the information and reports.
"It's going to be a whole new world out there, for banks and their
customers, as well as for providers of financial products. By making it
easier and more convenient, banks support their customers, provide
answers more quickly, and enhance their services. Bottom line, banks
will save costs on every single transaction," said Dick Calderhead,
President of Calderhead & Phin Advertising. In addition to handling
Tri.Mill's advertising account, Calderhead & Phin will be marketing
Kommerce's Interactive BankInformation Kiosks to its Fortune 500
banking and financial institution clientele.
Digital Gas is currently holding discussions with several Wall Street
firms to provide Investment Advisory and other services for its
telecommunications, software and Internet-based businesses, as well as
itsoil & gas business. It expects to conclude an agreement shortly.
In order to be in more direct contact with its information service
business, Digital will move its corporate offices to New York next
month. The Dallas office will strictly handle oil & gas related
business.
For further information, contact Brian Smith, 732-449-9784 or
digitalgas.com.
SOURCE Digital Gas, Inc.
: (C) 1999 PR Newswire. All rights reserved.
: http://www.prnewswire.com -0-
: CONTACT: Brian Smith of Digital Gas, 732-449-9784 or
digitalgas.com
:
: WEB PAGE: http://www.digitalgas.com
:
: GEOGRAPHY: New York
: Texas
: Michigan
:
: INDUSTRY CODE: OIL
:
: SUBJECT CODE: CON
: OTC
1999-06-03 12:42 ET - News Release
Also News Release (U-HSKA) HESKA CORP
Also News Release (U-IBX)
Also News Release (U-ONE) BANK ONE CORP
DIGITAL GAS AND TAICHANG COMPANY, SHENGLI OILFIELD IN AGREEMENT TO FORM
EXCLUSIVE PARTNERSHIP FOR THE EXPLOITATION OF CHINA'S TWO LARGEST
Oilfields
NEW YORK, Jun 3, 1999 /PRNewswire via COMTEX/ -- Digital Gas (OTC
Bulletin Board: DIGG) today announced that it has entered into an
agreement with Taichang Company, Shengli Oilfield for both parties to
form an exclusive partnership for the exploitation of China's two
largest oilfields, the Shengli and the Daqing, as well as two other
major fields, the Liaohe and Talimu.
Taichang has invited senior management and technical experts of Digital
Gas to Qingdao City and Dongying City in Shandong Province for the
purpose of conducting an in depth review of information provided by
Taichang regarding the Shengli Oilfield. After completing reservoir
studies and a feasibility report, Digital will choose the target sites
for the initial test application of its underbalanced drilling and
other production optimization strategies and technologies designed to
address the problem of pressure depleted wells that are underproducing
or closed-in. With the successful completion of the initial tests,
Digital Gas will be granted an exclusive 20-year technology service
contract, which will include a percentage carried interest based on the
total production of each field that Digital Gas enhances. This
percentage will drop to a baseline of 10% only after Digital Gas is
earning at a rate of $200 million in annual net income.
Taichang Company will ensure that an audit system is in place to
document the original production and the subsequent production
enhancements by Digital. The agreement also provides for payment
guarantees.
Representatives of Digital Gas are presently in Qingdao City
interviewing prospective candidates for senior management, middle
management and engineering positions for the soon to be registered
Digital Gas Company, Qingdao City.
Located in the Yellow River Delta area on the Bohai Sea in the northern
part of China's Shandong Province, the Shengli Oilfield overlaps with
28 counties and districts under the jurisdiction of eight cities
including Dongying, Binzhou and Dezhou. Its main parts are scattered on
both sides of the Yellow River estuary within the jurisdiction of
Dongying. The second largest oilfield in China, Shengli has its
headquarters, formally known as the Shengli Petroleum Administration,
in Dongying.
The discovery of the oilfield was based on the earlier oil surveys
conducted in China's northern central region. The first successful
drilling of industrial oil was made on April 16, 1961 with the well
coded Hua-8, which led to the discovery of the first oilfield in the
basin of Bohai Bay knownas Dongxin Oilfield. On September 23, 1962 the
high-yield Ying-2 well was drilled on the Dongying Formation. On
January 25, 1964 the Central Committee authorized large-scale oil
surveys and development in this area.
Shengli has five depressions with a total area of 65,000 km2. Current
development is mainly focused in the Jiyang Depression, with major
production fields concentrated within an area of 10,000 km2 in the
eastern part. Jiyang Depression is an oil/gas rich region with
complicated geological features, such as the large number of faults,
great variety of rock formation and reservoir types, and many
differences in the physical features of reservoirs and qualities of
crude oil. To date, 17 types of reservoirs have been found, such as
sandstone, conglomeration, limestone, igneous rock, metamorphic rock
and others. In addition, there are 18 types of pools such as
structural, fault, hidden and others. The enrichment is about 2 million
tons per square km.
Over the past three decades more than 60 different oil/gas fields have
been found and over 10,000 production wells have been drilled.
The largest oilfield in China is called Daqing Petroleum
Administration, seated in China's northeastern province of Helongjiang
(part of Manchuria). The other major oilfields are Liaohe, also in the
northeast, and Talimu, which is in the northwest. All oilfields in
China were discovered after1949.
Digital Gas, which is headquartered in Dallas, Texas, is currently
holding discussions with several Wall Street firms to provide
Investment Advisory services for its telecommunications, software, oil
& gas and Internet-basedbusinesses.
For further information, contact Robert Lynn, President at 214-691-3640
or at info@digitalgas.com.
SOURCE Digital Gas
: (C) 1999 PR Newswire. All rights reserved.
: http://www.prnewswire.com -0-
: CONTACT: Leo Murray of PR Associates, 212-856-4496, for Digital
Gas
: (DIGG)
:
:
: GEOGRAPHY: New York
: China
:
: INDUSTRY CODE: OIL
:
: SUBJECT CODE: OTC
:
1999-05-21 12:22 ET - News Release
DIGITAL GAS NAMES COATES INTERNATIONAL TO DESIGN AND BUILD
A Patented Natural Gas & Multi-Fuel Co-Generation System Based on the
: Breakthrough Coates Spherical Rotary Valve Engine
NEW YORK, May 21 /PRNewswire/ -- Digital Gas, Inc. (OTC Bulletin
Board: DIGG) of Dallas, Texas today announced that it has entered into
a letter of intent with Coates International Ltd. of Wall, New Jersey
for Coates to design and build a proprietary, patented, combustion
engine, co-generation system to run specifically on natural gas, other
gases and a variety of other fuels. Coates International has extended
to Digital Gas the first right of refusal to purchase an exclusive
worldwide license to market the system.
Based on the Coates Spherical Rotary Valve Combustion Engine
technology, the co-generation system will run on a wide range of
natural gas with a combustion engine that powers the generation of
electricity with significantly higher outputs. The units will feature
a Linux-based, state-of-the-art autonomous computer control and
monitoring system (ACCRMS). With the associated Digital Gas Virtual
Private Network (DGVPN), authorized personnel will be able to log onto
the Internet and monitor system parameters, such as oil level, power
output, engine temperature, and fuel consumption. The system will also
feature an intruder detection, alarm, and law enforcement notification
system that will be activated if the unit is approached by any
unauthorized persons. In addition, the network will enable the
authorized user to control the operation of the co-generation system
from anywhere in the world via a web site, as if they are seated at the
machine's control console.
The Coates Spherical Rotary Valve Combustion Engine is characterized by
low manufacturing cost, low maintenance cost, low noise, low parasitic
power consumption, high efficiency, high volumetric and terminal
efficiency, flexibility of gas motion control, high/torque/power
density, high efficiency in part-load operation, low knock tendency,
low engine height, low pollution emission, alternative fuel
compatibility, clean engine block and compartment, no liquid lube in
any part of the rotary valve and the technology is applicable over a
wide range of engine sizes and designs.
Coates engines are patented worldwide. Nicholson McLaren Engines of
London is a licensee. Additional information on Coates engines can be
found at http://www.coatesengine.com.
: SOURCE Digital Gas, Inc.
-0- 05/21/99 /CONTACT: Robert Lynn,
President of Digital Gas, Inc., 214-691-3640; or Leo Murray of PR
Associates, 212-856-4496/
/Web site: http://www.coatesengine.com/ (DIGG)
: CO: Digital Gas, Inc.; Coates International Ltd. ST: New Jersey,
New York, Texas IN: OIL UTI SU: LIC
:
:
:
1999-05-05 11:15 ET - News Release
Also News Release (U-YNR)
DIGITAL GAS NAMES CALDERHEAD AND PHIN TO PROVIDE ADVERTISING,
Commercialization and Strategic Alliances
: For Its Two '.com' Spinoff Subsidiaries
NEW YORK, May 5 /PRNewswire/ -- Digital Gas (OTC Bulletin Board: DIGG)
today announced that it has entered into an agreement with Calderhead
and Phin Ltd. of New York to provide advertising and commercialization,
as well as negotiate strategic alliances for two Internet portals and
their associated businesses that Digital will place in separate wholly
owned companies that will operate independently from Digital Gas.
Richard Calderhead, President of Calderhead and Phin will join the
Board of Directors of the new companies.
Calderhead and Phin will also provide consulting and advertising
services to Digital for its core telecommunications, software and
Internet-based businesses, as well as its oil & gas operation. The
alliance between the companies allows Digital Gas and Calderhead and
Phin to form joint ventures with third party strategic partners. The
agreement also enables Kommerce Systems Inc., Digital's 50% owned
subsidiary, to focus on developing products, technologies and new
business opportunities.
"My first priority is to launch the advertising and commercialization
campaigns for the two Internet-based businesses: that Digital plans to
implement as separate private or public companies, said Mr. Calderhead.
"Digital Gas has exceptional potential to make significant inroads in
Internet-based commercialization which is why they are launching two
separate and distinct portals," he added.
Calderhead and Phin was formed in 1980 by Mr. Calderhead, and has won
hundreds of creative awards in the advertising industry, including Gold
Medals for Copy and Design. The agency's clients have included AIG,
AON, Marsh & McLennan, Swiss Re, American Express, Citicorp, Chemical,
Chase, General Foods, Bristol Myers, American Home Products, American
Airlines, Chevrolet, VW, Met Life, Nova Care, Business Week, Forbes,
Fortune and Esquire.
Mr. Calderhead began his career with Young & Rubicam in New York and
then worked at Doyle, Dane & Bernbach in Europe, where he created
advertising for such leading brands as Volkwagen, Polaroid and Avis.
He later became Executive Creative Director of Campbell Ewald New York,
overseeing such accounts as Swissair and Chevrolet. The originator of
the "Capitalist Tool" theme for Malcolm Forbes, Mr. Calderhead writes
frequently for advertising publications, including Graphis, the
international advertising and design publication. He also has taught
advertising at Syracuse Graduate School, The New School and the School
of Visual Arts in New York.
Digital Gas, which is headquartered in Dallas, Texas, is currently
holding discussions with several Wall Street firms to provide
Investment Advisory services for its telecommunications, software, oil
& gas and Internet-based businesses.
For further information, contact Robert Lynn, President at 214-691-3640.
: SOURCE Digital Gas
-0- 05/05/99 /CONTACT: Leo Murray of PR
Associates, 212-956-4496, for Digital Gas/
(DIGG)
: CO: Digital Gas; Calderhead and Phin Ltd. ST: New York IN: OIL ADV
MLM SU:
:
:
:
1999-03-30 18:11 ET - News Release
Also News Release (U-AVTX) ADVANCE TECHNOLOGIES INC
DIGITAL GAS AND TAICHANG COMPANY, SHENGLI OILFIELD TO UTILIZE DIGITAL'S
Advanced Technologies in Shandong Province and Other Oilfields in
China
NEW YORK, March 30 /PRNewswire/ -- Digital Gas, Inc. (OTC Bulletin
Board: DIGG) of Dallas, Texas today announced that it has agreed to
utilize its state of the art underbalanced drilling (UBD) and multi
dimensional geoscientific surveying (MDGS) technologies to assist the
Taichang Company, Shengli Oilfield of Dongying City, Shandong Province
to enhance the productivity of its existing production. Both parties
have agreed to develop other programs of interests such as directional
and horizontal drilling technologies, and to broaden the market to the
Daqing, Talimu and Liaohe oilfields.
Digital Gas has ensured the Taichang Company, Shengli Oilfield that its
underbalanced drilling (UBD) technologies will realize a minimum
threefold increase of oil and/or gas production of pressure depleted
wells that are underproducing or closed-in. China Shengli Drilling E&T
Co. of Dongying City, Shandong Province will provide a substantial
number of wells to conduct the initial application of Digitals UBD
technology. Digital's multi dimensional geoscientific surveying (MDGS)
will be applied to the Shengli and other major oilfields to outline oil
and gas pools. The utilization of MDGS complements 2D and 3D seismic
and confirms hydrocarbon presence and structure.
Digital Gas will utilize technical and other information provided by
Taichang Company, Shengli Oilfield to conduct detailed reservoir
studies of several pressure depleted fields that by mutual agreement
will be enhanced by utilizing its UBD technology. Meetings will be
held in the People's Republic of China next month between senior
management of each company and their respective technical teams.
Taichang Company, Shengli Oilfield is a subsidiary of Golden Autumn
Industrial and Trading Corporation and is a half private industrial and
trading enterprise with a broad scope of business, including the
trading of electromechanical equipment, building materials,
communications equipment chemical and light industrial products,
agricultural and sideline products, machine-making, civil engineering
construction and decoration. It operates all over China and has
international partners such as Chevron, Bornag and Caterpillar, as well
as others. Taichang Company, Shengli Oilfields will develop into a
joint stock company in the near future.
Taichang Company, Shengli Oilfield was set up in 1992 by the office of
Party Committee of Shengli Oil Administration, which is the epicenter
of the powerful bureaucracy that manages the huge state owned
enterprise of Shengli Oilfield.
Digital Gas has been assigned all rights, interests and profit
pertaining to the exploration and development of the oil and gas fields
in China by Spring Lake Investments of New Jersey under an agreement
that Spring Lake Investments has with Taichang Company, Shengli
Oilfield. Spring Lake Investments retained certain marketing and
trading riots under the agreement.
For further information, contact Robert Lynn, President at 214-691-3640.
: SOURCE Digital Gas, Inc.
-0- 03/30/99 /CONTACT: Leo Murray of PR
Associates, 212-856-4496, for Digital Gas/
(DIGG)
: CO: Digital Gas, Inc.; Taichang Company, Shengli Oilfield; China
Shengli
Drilling E&T Co.; Golden Autumn Industrial and Trading Corporation;
: Spring Lake Investments ST: Texas, China, New Jersey IN: CPR OIL SU:
:
:
:
1999-03-17 17:36 ET - News Release
Also News Release (U-NML) MERRILL LYNCH & CO
FORMER DIRECTOR OF FORBES INVESTOR ADVISORY NAMED TO THE BOARD OF
DIGITAL GAS
NEW YORK, March 17 /PRNewswire/ -- Digital Gas (OTC Bulletin Board:
DIGG) of Dallas, Texas today announced that Mr. Lawrence J. DeMaria of
Staten Island, New York has agreed to serve as a Director of the
company effective immediately. Mr. DeMaria will work directly with
Digital Gas in developing its Internet and Information Service and
Technology business into a world class operation.
Mr. DeMaria, who is President and Chief Executive Officer of the Staten
Island Chamber of Commerce, has an experienced executive background in
the financial and telecommunications fields. Prior to joining the
Staten Island Chamber of Commerce, he was Executive Director of the
prestigious Forbes Investors Advisory Institute in New York City for
several years. During that period he increased the Forbes Advisory
Institute client base tenfold. He also served during that period as a
member of the Forbes company's Investment Committee.
Earlier, Mr. DeMaria was a business columnist for the New York Times
and wrote the popular daily business column "Market Watch."
Prior to joining the New York Times, Mr. DeMaria for several years held
the post of Account Executive for Merrill Lynch & Co. in New York where
he managed more than 300 accounts.
A graduate of Villanova University, where he earned a Bachelor of Arts
degree, Mr. DeMaria attended graduate school at the Fordham Law School.
After completing his education, Mr. DeMaria joined the Staten Island
Advance as a reporter and rose to the post of Editorial Page Columnist
and received a national news award from the Associated Press in 1974.
Digital Gas intends to run its Internet and Information Service and
Technology business as a separate corporate entity and is currently
exploring options to take it public later this year. In addition to
assisting the company in attracting qualified professionals as
employees and consultants Mr. DeMaria will utilize his contacts and
influence to assist the company in establishing strategic partnerships
with major Fortune 500 companies in telecommunications and related
fields, as well as the financial and other news and information media.
For further information, contact Robert Lynn, President at 214-691-3640.
: SOURCE Digital Gas Inc.
-0- 03/17/99 /CONTACT: Leo Murray of PR
Associates, 212-856-4496, for Digital Gas/
(DIGG)
: CO: Digital Gas Inc. ST: New York IN: OIL SU: PER
:
:
1999-03-03 13:41 ET - News Release
Also News Release (U-PDS) PRECISION DRILLING CORP
TFA/LEO BURNETT TECHNOLOGY GROUP OPENS OFFICE IN AUSTIN
First fuasked to transform Digital Gas into a leader in the
oil & gas exploration and development featuring underbalanced drilling
technologies an a worldwide basis. Mr. Munro has been involved with
the drilling of over 500 underbalanced wells in Canada and in the
international arena. He has written, taught and lectured extensively
on underbalanced drilling and recently prepared and executed a
comprehensive course of study on the subject for an international
company. During his eighteen years in the industry, Mr. Munro had
project management and international business development experience
with companies in Latin America; Spain; Germany; Indonesia; Italy;
Tunisia; Oman; United States, and the United Kingdom.
Mr. Munro's last corporate responsibility was with Northland Energy
Corporation of Calgary, Alberta. He was brought on in 1992 and given
the mandate to introduce that company to the international marketplace,
as the world leader, in underbalanced drilling technology. From
1992-1998 Northland's sales increased by 400% as international offices
with full operational and market development responsibilities were
established in the United Kingdom, United States, Latin America and
Indonesia. As a result of this spectacular growth, Precision Drilling
Corp. (NYSE: PDS) bought out Northland in April, 1998.
In a separate development, prior to joining the company Mr. Munro
arranged for Digital Gas to acquire an option to purchase a 50%
interest in Quazar Geosciences Group, Inc. of Calgary, Alberta
("Quazar"), a company with the technical capability to accurately, cost
effectively, and quickly pinpoint prolific drilling opportunities on a
worldwide basis.
Over the past three years Quazar management has developed a proprietary
technology involving multi dimensional geoscientific surveying
("MDGS"). This is an exploration technology that outlines oil and gas
pools. The utilization of Quazar's MDGS complements 2D and 3D seismic
and confirms hydrocarbon presence and structure. The company will be
able to execute timely, high-resolution surveys and target prospects
with hydrocarbon presence in contrast to most exploration programs that
acquire leasehold rights to vast tracts of land without the knowledge
of hydrocarbon presence.
Digital's 50% owned Kommerce Systems, Inc. which has advanced and
proprietary capabilities in signal processing and model based detection
technologies for the mineral exploration field, will work closely with
Quazar. Kommerce Systems will shortly debut eKommerce.com.
: SOURCE Digital Gas, Inc.
-0- 03/03/99 /CONTACT: Robert Lynn,
President of Digital Gas, 214-691-3640/
(DIGG PDS)
: CO: Digital Gas, Inc.; Quazar Geosciences Group, Inc.; Kommerce
Systems, Inc. ST: Texas, Alberta IN: OIL SU: TNM PER
:
1999-02-26 15:03 ET - News Release
DIGITAL GAS ADDS ADVANCED CAPABILITIES FOR PORTAL, WIRELESS AND IT
BUSINESSES
by Acquiring 50% of Kommerce Systems
NEW YORK, Feb. 26 /PRNewswire/ -- Digital Gas (OTC Bulletin Board:
DIGG) Digital Gas, Inc. of Dallas, Texas today announced that it has
purchased 50% of Kommerce Systems Inc., a software and technology
development firm based in Boston. No financial details were given.
Kommerce Systems has contracts to design, build and maintain a portal
and an advanced wireless communications system for Digital's
information service division.
Kommerce Systems develops, manufactures and markets information
technology products, services and systems that enhance and improve the
productivity of commercial and industrial business practices. Kommerce
products and services utilize many advanced technologies including:
signal processors; digital and radio frequency microelectronics;
wireless, wired and optical networks; communications, networking and
user interface software; information technology source integration and
command and control software; high performance graphic and video
displays and other specialized audio/video input and output devices and
software.
Digital Gas plans to launch its Internet portal and commercial service
by the end of the first quarter. The company is currently negotiating
with representatives of several advertising firms.
For further information, contact Robert Lynn, President at 214-691-3640.
: SOURCE Digital Gas, Inc.
-0- 02/26/99 /CONTACT: Leo Murray of PR
Associates, 212-856-4496, for Digital Gas, Inc./
(DIGG)
: CO: Digital Gas, Inc.; Kommerce Systems Inc. ST: Texas IN: OIL UTI
MLM SU: TNM PDT
Like it or not I think it is important that the NR histroy be posted since 1999 as most online servives no longer have the Nrs and they are part of the public doamin and should be accessable to anyone interested in DIGG. Hopefully Matt does not delete them
Acquisitions announced:
Caney Valley Drilling, Inc
SunWest SEK LLC
Green Harbour
Kommerce Systems (50%) 1999
Quazar Geosciences Group, Inc (50%) 1999
Deals, agreements jvs, announced
PRIVATCO)
Lamdo Co. Ltd
Shanghai ShenLi and Goeta Technology Developer International
$300 Million facility in Vietnam
Liam, Inc
Hansen Energy & Technologies, Inc.
Richardson Energy, Inc
Nova Stone exporters in Nova Scotia
Entropic Energy $300 Million facility in St Louis
ICCU of the Netherlands
Zibo Huashan Landscaping Engineering Co
Altagem Resources (ALK - CDNX)
Dong Sheng Corporation
Jianghan Petroleum
Zhongyuan Petroleum Exploration
Taichang Company, Shengli Oilfield
Subsiduaries
Heartland Energy Corp. of Kansas
Pacific Gateway Holdings, Inc ( supposed to be spun off)
Itzagas, Inc
Qingdao Harbor Trading Company Inc., and
Digital Kommerce Network, Inc.,
Digital Gas Geosciences Group and True 8 Energy
Digital Gas Canada, Inc
U-Know Software, Inc
Financings announced
March 2003 - $2 Billion LOC
March 2003 - $250 Million in Funding
Oct 2004 - $30 Million credit
April 05 - $75 Million debt
Oct 2005 - $30 Million TIF funding
Dec 2005 - $300 Million of some sort
Businesses or industries entered
wind energy technology
hydrocarbon reconstitution and bio-augmentation market
oil shale and energy savings
High temperature fuel cell (HTFC)
Consumer product distributer
ultracapacitor
Granite quarries
waste-to-energy plants in Taiwan
Electricity controllers to and prevent brownouts and blackouts
solid oxide fuel cell
waste processors
generating equipment
Oil and Gas drilling
Natural Gas & Multi-Fuel Co-Generation System Based on the : Breakthrough Coates Spherical Rotary Valve Engine
software and technology development firm
People announced in news Releases:
Francis Bassolino
Ronald Martian
Spenser Arthur Chow
Ladka Sweeney
Gordon W. Thompson
Matthew Bishop VP DIGG
An Ping ( Director of DIGG)
Christopher Mothersele ( Director of DIGG)
Lois McCorriston ( Director of DIGG)
Mr. W. Brian Lunan, a Director of Digital Gas
John Kirk
Mr. Lawrence J. DeMaria
Richard Calderhead
Leo Murray, 212-856-4496, for Digital Gas
Robert Lynn, President at 214-691-3640
whatcha think - Berkshire Hathaway has nothing on DIGG
DIGG HEADLINES20061117 1802 sw DIGG Street Wire SEC halts Canadian-linked Digital Gas
20061024 1255 pz DIGG News Release Digital Gas Enters Tire Processing Business Through Agreement with Techno Rubber, Inc.
20061016 1609 pz DIGG News Release Digital Gas Issues Update to Shareholders
20060921 0616 bw DIGG News Release Digital Gas Accepts Invitation to Participate in Major Energy Centers across Europe
20060802 0912 bw DIGG News Release Digital Gas to Take Initial Steps to Prepare for Possible Listing of Two Subsidiaries on a Senior Exchange
20060622 1352 bw DIGG News Release Digital Gas in Agreement to Acquire Rights to Advanced Oil Recovery Technology
20060616 1609 bw DIGG News Release Digital Gas Reorganizes Digital Sofcell to Prepare for Financing and Possible Listing
20060615 1127 bw DIGG News Release Digital Gas Reorganizes Digital Ultracap to Prepare for Financing and Possible Listing
20060517 1245 bw DIGG News Release Digital Gas Names Executive Director of Oil & Gas Exploration & Production
20060417 1112 bw DIGG News Release Digital Gas to Enter Wind Energy Market with Breakthrough Technology
20060413 1626 bw DIGG News Release Digital Gas Enters Hydrocarbon Reconstitution and Bioaugmentation Markets with P3
20060306 2307 bw DIGG News Release Digital Gas Advised by Oil Shale Partner That Department of Energy Laboratory Signed Agreements on Product Development and Intellectual Property
20060127 0755 bw DIGG News Release Digital Gas Subsidiaries Enter into Agreements with Benelux Capital for Bridge, Acquisition and Project Financings
20051216 1223 bw DIGG News Release Digital Gas to Form Oil Shale and Energy Savings Consortiums after Receiving Notice of Offers to Finance and Partner
20051209 1737 bw DIGG News Release Digital Gas Signs Agreement to Commercialize Breakthrough Oil Shale Technology
20051130 1026 bw DIGG News Release Digital Gas to Be Lead on All Entropic Energy LLC Waste-to-Energy, Bio-Fuel and Farming Projects
20051027 0941 bw DIGG News Release East St. Louis Approves $30 Million Plus in TIF Financing for Digital Gas Farming Center and Waste-to-Energy Complex
20051026 1645 bw DIGG News Release East. St. Louis Approves $30 Million Plus in TIF Financing for Digital Gas Farming Center and Waste-to-Energy Complex
20051019 1111 bw DIGG News Release Digital Gas Farming Center to be Lead Development of $425 Million East St. Louis Waste-to-Energy Project
20051006 0829 bw DIGG News Release Digital Gas to Distribute Consumer Products in North America for its Vietnamese Partner
20050918 1501 bw DIGG News Release Digital Gas to Sell Green Harbour Aggregate and Other Subsidiaries to Maximize Shareholder Value by Year-End 2005
20050829 0914 bw DIGG News Release Digital Gas Subsidiary to Joint Venture with Leading Chinese Fuel Cell Company and Breakthrough IT/LTSOFC Developer
20050824 0426 bw DIGG News Release Digital Gas Mass Storage Partner ICCU Selected for an Award from the New York State Energy Research and Development Authority
20050721 0919 bw DIGG News Release Digital Gas Notified That Entropic Consortium Has Approval to Commercialize a Waste-to-Energy Plant in Ho Chi Minh City, Vietnam
20050708 1517 bw DIGG News Release Digital Gas Partners with ICCU of the Netherlands to Usher in Grid Enhancing Power Storage Breakthrough
20050519 0630 bw DIGG News Release Digital Gas Signs to Partner in $308 Million Midwest Energy Deal with ''AAA'' Funding Guarantee
20050401 1624 bw DIGG News Release Digital Gas Subsidiary Receives Funding Offer of $75 Million Dollars in Senior Debt
20050303 0805 bw DIGG News Release Digital Gas Joins Asian Waste-to-Energy Consortium To Eliminate Coal as a Power Plant Fuel
20050101 1135 bw DIGG News Release Digital Gas Subsidiary to Sell 2 Million Tons of Granite in 2005 20041216 1607 bw DIGG News Release CORRECTING and REPLACING Digital Gas Subsidiary Agrees to Acquire Up to 27,000 Acres of Producing & Highly Prospective Gas Leases in Wyoming for $9.5 Million
20041113 1926 bw DIGG News Release Digital Gas Subsidiary Acquires Nova Scotia Quarry Operation 20041027 1218 bw DIGG News Release Digital Gas Subsidiary Receives Offer for a $30 million Senior Credit Facility
20041012 1054 bw DIGG News Release Digital Gas to Purchase and Develop Several Large Granite Quarries in Nova Scotia For an Integrated Resource and Energy Complex
20040915 2101 bw DIGG News Release Digital Gas Joins Quanta Consortium to Build Two 400-Megawatt Waste-to-Energy Plants in Taiwan
20040730 1723 bw DIGG News Release Digital Gas Moves Closer to Planned Acquisition 20040604 0442 bw DIGG News Release CORRECTING and REPLACING Digital Gas Agrees to Acquire Gas Subsidiary of SunWest Petroleum Inc. for $15.75 Million
20040603 2112 bw DIGG News Release Digital Gas Agrees to Acquire Gas Subsidiary of SunWest Petroleum Inc. for $15.75 Million
20040507 1009 bw DIGG News Release Digital Energy & Farming and Energy Savings & Security Sign Agreement for up to $2.25 Billion in Funding
20040429 0548 bw DIGG News Release Digital Energy & Farming Announced that KEMA, Inc. to Assist Newly Formed Energy Savings & Security LLC in Marketing Breakthrough HVAC Controller
20040329 1828 bw DIGG News Release Digital Energy & Farming in Agreement to Acquire Exclusive Distribution Rights to Brownout and Blackout Protector
20031126 1834 bw DIGG News Release Digital Energy & Farming to Develop SOFC-based Generators for the Home, Small Business & Industrial Markets
20031124 0523 bw DIGG News Release Digital Energy & Farming Agrees to Joint Venture Manufacture and Market a Breakthrough Waste Processor
20031120 0728 bw DIGG News Release Digital Energy & Farming in Agreement to Manufacture and Market Breakthrough Alternative Fuel Generators
20030618 0640 pr DIGG News Release Digital Gas Subsidiaries Enhance Their Boards and Audit Teams for Anticipated Funding Agreement
20030606 2130 pr DIGG News Release Digital Gas Ventures into the Energy, Resource And Conservation Fields in the US
20030527 0726 pr DIGG News Release Digital Gas to Launch Subsidiary in the U.S.
20020506 1803 pr DIGG News Release Digital Gas Subsidiary Proceeds in China with Joint Venture to Construct Water Plant
20020215 1725 pr DIGG News Release Digital Gas Subsidiary Awarded Contract in China
20001229 1249 pr DIGG News Release Digital Gas Signs a 10 Year Contract to Increase Dong Sheng's Oil & Gas Production
20001122 1921 pr DIGG News Release Digital Gas Announces Spin-off and China Update
20001023 1603 pr DIGG News Release Digital Gas Signs Contracts With Dong Sheng Corporation 20000914 0831 pr DIGG News Release Digital Gas Agrees to Sign Three Contracts With Dong Sheng Corporation
20000825 1230 pr DIGG News Release Digital Gas Announces Contract Offers and the Naming of a New Director
20000817 1419 pr DIGG News Release Digital Gas Names Two New Directors
20000802 1447 pr DIGG News Release Digital Gas Announces China Oil & Gas Update
20000615 1134 pr DIGG News Release Digital Gas and Jianghan Petroleum Agree to Form Exploration & Development Partnership
20000606 1019 pr DIGG News Release Digital Gas and Zhongyuan Petroleum Exploration Agree to Form Exploration and Development Partnership
20000428 1358 pr DIGG News Release Digital Gas Subsidiaries Sign Investment Banking and Advisory Agreements
20000222 0530 pr DIGG News Release Digital Gas Subsidiaries Begin Operations in China; Internet and Technology Manufacture Lead Way
20000217 0529 pr DIGG News Release Digital Gas Subsidiaries Begin Operations in China
19991207 1557 pr DIGG News Release /C O R R E C T I O N -- DIGITAL GAS, INC. (DIGG.F)/ 19991207 0807 pr DIGG News Release DIGITAL GAS FORMS SUBSIDIARIES TO OPERATE IN WESTERN CANADA
19991011 1420 pr DIGG News Release DIGITAL GAS SIGNS AGREEMENT TO COMMERCIALIZE SHOPBEST.COM
19990920 0944 pr DIGG News Release DIGITAL GAS SUBSIDIARY KOMMERCE SYSTEMS AWARDED CONTRACT TO DEVELOP A SOLAR POWER MONITORING KIOSK
19990629 0803 pr DIGG News Release DIGITAL GAS SUBSIDIARY KOMMERCE SYSTEMS AWARDED CONTRACT FOR MILLENNIUM TIMECAPSULE INTERACTIVE BANK INFORMATION KIOSKS
19990603 0942 pr DIGG News Release DIGITAL GAS AND TAICHANG COMPANY, SHENGLI OILFIELD IN AGREEMENT TO FORM EXCLUSIVE PARTNERSHIP FOR THE EXPLOITATION OF CHINA'S TWO LARGEST Oilfields
19990521 0922 pr DIGG News Release DIGITAL GAS NAMES COATES INTERNATIONAL TO DESIGN AND BUILD
19990505 0815 pr DIGG News Release DIGITAL GAS NAMES CALDERHEAD AND PHIN TO PROVIDE ADVERTISING,
19990330 1511 pr DIGG News Release DIGITAL GAS AND TAICHANG COMPANY, SHENGLI OILFIELD TO UTILIZE DIGITAL'S
19990317 1436 pr DIGG News Release FORMER DIRECTOR OF FORBES INVESTOR ADVISORY NAMED TO THE BOARD OF DIGITAL GAS
19990303 1041 pr DIGG News Release TFA/LEO BURNETT TECHNOLOGY GROUP OPENS OFFICE IN AUSTIN
19990226 1203 pr DIGG News Release DIGITAL GAS ADDS ADVANCED CAPABILITIES FOR PORTAL, WIRELESS AND IT BUSINESSES
DIGG says suspended on quote provider but I see no nitice anywhere
Waiting patiently for details of Hearing today - Stock comes off suspension tomorrow
Maybe SHs will get something from these crooks.
Smith and Brown went to great lengths to rip off honest investors for their own personal benefit," Attorney General Stuart Rabner said. "It is critical that we put an immediate halt to these activities and secure restitution for those whose money was stolen. That is exactly what we are doing now."
Is hearing on dec 4th?
This will trade Dec 5th - SEC can only suspend 10 days, Not sure if others can halt it - normally just goes to the grey sheets and trades down hard and sporadically.
isnt that a great PIC. PURL GURL from SI maybe the Artist. I am not sure but is hilarious. That is he pic in the IBOX on that thread.
I am not too pupular on RB. Apparently all is OK.Brian has convinced seom South Florida group of frineds to buy 10 Million shares over the years. he feeds them insider info etc. They are convinced he will show some assets on Monday at hearing.
That is he NJ AG hearing LOL - The stock is still suspended under the SEC LOL so I dont know what is happening there.
I would thenk Smitty must prove all claims not just one or two. Frankly Id be surprised if he can prove one. I's think the greys basically spel the end of this promo.
buckey - sorry, wish I did. love your board.eom
Anyome have a Pic of Brian for the IBOX here
DIGG suspended Now
http://www.investorshub.com/boards/board.asp?board_id=7251
I would expect a DIGG NR like this
Mellon Research, Inc. Corrects Previous Press Releases
Business Editors
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 4, 2005--
Mellon Research, Inc. (OTCBB: MLON.PK) is issuing this
press release in order to provide corrections of information contained
in previously issued press releases. The information contained in
previously issued press releases should not be relied upon.
Business Model and Services
Mellon Research's business model is to provide consulting and
venture capital advisory services to microcap public and private
companies. In this connection, it seeks to provide advice regarding
corporate structure, financial and marketing to help its client
companies position themselves to raise capital, go public or otherwise
carry on their business plans. Mellon is not an investment banking
firm or a registered broker-dealer and it does not provide securities
brokerage services.
Securities and Exchange Commission (SEC) Investigation
The SEC is conducting a formal investigation of the Company. The
Company and Mario Pino, its sole officer, director and a principal
shareholder, intend to cooperate fully in such investigation. The
SEC's investigation has recently commenced and the Company can offer
no assurances or predictions regarding the outcome of such
investigation.
Earnings Forecasts and Valuations
The Company has retained an independent public accountant, who is
conducting an audit of its results for 2004. As a result, it will not
know its operating results for fiscal 2004 until the audit is
completed. Further, the Company will not issue any forecasts regarding
its financial results for 2004 or 2005. It disclaims and withdraws any
prior forecasts of operating results.
The foregoing policy of the Company not to forecast also pertains
to any past announcement of levels of fees or the value of securities
in companies received for consulting services or otherwise or received
in exchange for stock of Mellon. The Company disclaims and withdraws
any prior forecasts of the amount of fees received or to be received
or the value of the stock positions that it holds in other companies,
including, but not limited to, Intellective Communications, Inc.,
Pearl Asian Mining Industries, Inc., Wall Street Securities, Inc.,
Equity Retirement Distributors Canada, Ltd., Western Pacific Minerals,
Ltd., and Riverbank Investment Corp.
Value of Mellon Research and Offers to Sell the Company
The Company is not engaged in a tender offer with any third party
and it has never solicited a tender offer for the Company at any price
per share from third parties. There have been no bona fide or written
offers from any third party to make a tender offer for the Company at
any price per share, including but not limited to $.05 or $.10 per
share.
Dividends
Mellon Research is required to comply with both federal and state
securities laws. These laws impose certain requirements relating to
distributions or dividends to shareholders. These regulatory
requirements apply to the shares of Wall Street Securities distributed
to the Company's shareholders as a dividend. The shares of Wall Street
Securities may not be traded in the public market until the Company
satisfies such regulatory requirements. The Company is analyzing
whether or not its business model of distributing shares of
subsidiaries, such as Wall Street Securities, or other securities in
its portfolio to its shareholders is feasible under present
circumstances.
Transactions/Projects
The Company has terminated its relationships with the following
companies without the rendering of any services or receiving of any
compensation: SurfNet Media Group, Inc.; a client in Cabo San Lucas,
Mexico relating to a real estate development; and Deal Flow Advisors,
LLC. Further, it is not pursuing any acquisition, license or similar
arrangement to obtain the Kidder, Peabody name. Neither the Company
nor Club XTReme plans to open clubs or have online gambling or sports
betting.
Financings for Mellon
The Company is not raising any significant investment capital from
third parties nor has it done so. It is also not offering to sell
positions in the Company to any third party, including major money
center banks or other institutional investors. Specifically, the
Company never received a bona fide or written offer from a third party
to invest $10 million in the Company.
Share Buy-back Program
While the Company recently purchased approximately 70 million
shares at or about market prices, it has suspended all buy-back
activities at this time.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These forward-looking
statements are based largely on Mellon Research's expectations or
forecasts of future events, can be affected by inaccurate assumptions
and are subject to various business risks and known and unknown
uncertainties, a number of which are beyond the Company's control.
Therefore, actual results could be differ materially from the
forward-looking statements contained herein. A wide variety of factors
could cause or contribute to such differences and could adversely
impact revenues, margins, profitability, cash flows and capital needs.
KEYWORD: NORTH AMERICA ARIZONA UNITED STATES
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING FINANCE PRODUCT/SERVICE
SOURCE: Mellon Research, Inc.
CONTACT INFORMATION:
Morgan Phillips, Inc.
Ray Larson, 918-269-6366
Morgan-Phillips@cox.net
*** end of story ***
SEC halts Canadian-linked Digital Gas
U.S. Securities and Exchange Commission (C:*SEC)
Friday November 17 2006 - Street Wire
Also Digital Gas Inc (U:DIGG) Street Wire
by Mike Caswell
The U.S. Securities and Exchange Commission has halted Digital Gas Inc., a Canadian-connected pink sheets listing, for allegedly inaccurate news. The halt, which came Friday, follows civil fraud charges filed last month by New Jersey Bureau of Securities, which claims Digital Gas was a pump-and-dump that lasted over two years.
That suit names Toronto lawyer William Brown and New Jersey businessman Brian Smith, who allegedly sold Digital Gas shares through nominees while writing bogus news releases. Prosecutors say they manipulated the price and demand for Digital Gas for their own benefit.
"Digital Gas was little more than a front for Brian Smith's illegal activities. Smith enriched himself at the expense of investors," said Stephen Nolan, acting director for the New Jersey Division of Consumer Affairs.
Mr. Smith allegedly used money from stock sales for renovations on his home, among other things. "Smith and Brown went to great lengths to rip off honest investors for their own personal benefit," said New Jersey Attorney Stuart Rabner.
The stock reached a 52-week high of $1 this April as the company touted a deal with Halifax-based Pyrolmulsion Petroleum to convert "hydrocarbon waste streams" into environmentally friendly fuel. Then the company announced a wind energy deal based on "breakthrough ultracapacitor technology" that would outperform all other wind power systems. (All figures are in U.S. dollars.)
Meanwhile Mr. Smith and Mr. Brown were selling the stock, through a network of nominee shareholders, prosecutors claim.
Digital Gas, which was around 50 cents this summer, last traded at 10 cents. Prosecutors allege the company has no known bank accounts or revenue.
The company denies the allegations. In a news release, Digital Gas said it intends to fully co-operate with authorities. "The company believes that these allegations are without merit and will vigorously defend the interests of its shareholders," the company said.
After the New Jersey charges came out last month, the company carried on, business as usual, it appears. One week later, it announced a deal with a Detroit company to invest in a tire recycling project.
It seems that earned it some attention from the SEC.
In today's halt notice, the regulator says the tire recycling news release may be misleading. While it does not give details, it claims there are questions about its accuracy. "The commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of [Digital Gas]," the SEC's notice reads.
The company could not be reached for comment. Its investor relations number takes callers to an answering machine with no more room for messages.
The halt expires in 15 days, unless the SEC extends it.
© 2006 Canjex Publishing Ltd.
--------------------------------------------------------------------------------
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Checked by AVG Free Edition.
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apparently all MY fault according to KOolaiders on RB.
CEO clean as a whistle - Its all gonna be OK they say/
- 7 years News - NO follow up no deals done
- 30 agent Raid
- restraining order
- civil suit
- SEC suspension
The last 4 in the last 6 weeks
BUT its all my fault
never followed this one, just saw the suspension notice.
KOOLAID post number 1 - its a good thing and it will open higfher after the suspension - OH yes they all do LOLLlloll in tears. OT - getting ready to watch the KId tonight - Playing Buffalo the kids have their hands full tonight
http://ragingbull.quote.com/mboard/boards.cgi?board=DIGG&read=9528
By: knutknows
17 Nov 2006, 03:49 PM EST
Msg. 9528 of 9529
Jump to msg. #
DIGG WILL PROVE ITS ASSETS
In a sense this is not the worst thing in the world for DIGG shareholders.
Many people have sold out at low prices and will never get in if the company proves it has assets in the December hearing and the stock subsequently runs up.
It now boils down to whether the company has assets or it does not.
I am reasonably confident that DIGG owns the assets it claims. In fact, following the December 3 meeting, I look for DIGG to reopen with new developments, indicating increased value.
UNreal - whatever for??? maybe 7 years of lies - I tried to tell them on RB and what do I get a physical threat on my home phone now in the hands of teh local law enforcement.
Please post on RB for me as I refuse to post theer anymore
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
November 17, 2006
IN THE MATTER OF :
DIGITAL GAS, INC. : ORDER OF SUSPENSION
: OF TRADING
File No. 500-1 :
:
It appears to the Securities and Exchange Commission that there is a lack of
current and accurate information concerning the securities of Digital Gas, Inc.
(“Digital”), because of questions raised regarding the accuracy and adequacy of publicly
disseminated information concerning, among other things, Digital’s announced
agreement with Techno Rubber, Inc. and Digital’s assets.
The Commission is of the opinion that the public interest and the protection of
investors require a suspension of trading in the securities of the above-listed company.
Therefore, it is ORDERED, pursuant to Section 12(k) of the Securities Exchange
Act of 1934, that trading in the above-listed company is suspended for the period from
9:30 a.m. EST, November 17, 2006, through 11:59 p.m. EST, on December 4, 2006.
By the Commission.
Nancy M. Morris
Secretary
http://www.sec.gov/litigation/suspensions/2006/34-54772-o.pdf
I outta heer - I see the Koolaid gang on RB have fired up again. The old basher lawsuit and conspiracy theories.
When you are backed intoa corner it is all their is left.
One need look no further than the CSHD and even to a lesser extent the SLJB boards here on IHUB - massive doses of the KOOLAID - with DIGG is appreas to be just a small group.
Buckey alive and well LOL but out for evening.
BUCKEY, ARE YOU OUT THERE ?
Isnt it ironic that the intials for the DIGG ceo is B.S.
If that is his real name.
I,ve been sending you emails.I don't know what to say.24 hrs and i promise, these lowlife asholes will be out of are lives.I am not brian.I CAN GIVE YOU 400 PHONE NUMBERS TO CONFIRM MY IDENTITY.
DRywall I sent you my email in a PM and you never responded - whats up with that you dont have anything new noone does. You are likley smitty pulling my chain. or the lawyer willy brown. The RB board clammed right up and I am not posting theer anymore anyway.
I dont care about this one. Illlet the NJ AG hash it out. IF I am wrong I will again return to RB and post apologies but there is no way I am that wrong.
PM me of what's happened.I don't have a sub. TIA.
your teasing me - Email sent via PM
I MAY NEED YOUR EMAIL,WAY TO SENSITIVE FOR PUBLIC.ACTUALY,IT'S THE ONLY WAY.GIVE ME YOUR ANSWER LATER TODAY.
hell YESSSSSSSSSSSSSSSSSSSSSSSSSS
Not much to say right now. waiting to see what happens. This weekend I will update the Ibox and tryu not the be asshole basher. I think over time we all become cynical on a stock spefici basis because so few down here on the pinke ever do anything.
Some cross the line in pretending to try. Some actually try. So as a result I end up trading and occassionally get hooke don one that appears really scammy. I mean they are all scammy just some worse than others.
BTW TYVM
BUCKEY: appreciate your contributions. floor is yours.EOM
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Most recent events are not that good In reverse Chronology
Latest developments:
Latest developments October 2009. Basically NewJersey courts order Smith to Pay 5.2 Million in illeagel profits gained from selling unregistered shares. I beleive that they have foreclosed on his home to collect. Look to posts starting at 231 as the next few posts show the news coverages
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42040307
New Jersey man must pay nearly $5.2 million in penalties and restitution stemming from a penny stock fraud case.A judge in Monmouth County ruled Monday that Brian Smith sold unregistered stock to 200 investors. The judge found the Spring Lake resident issued news releases that manipulated the price and demand for the stock of a company called Digital Gas, which is now in bankruptcy.The judge said the scheme lasted from 1999 to 2007. He also found that Smith and his wife used investor funds for their personal benefit, including mortgage payments and improvements to their home.Authorities say Digital Gas was a shell company with no real operations. Its Web site claimed it was a business incubator for new technologies in the energy and natural resource fields.
Many many delays in court.
check here eventual;ly we will find him
https://www6.state.nj.us/DOC_Inmate/inmatefinder?i=I
or here
http://php.app.com/datauniverse/inmates/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HISTORY of court dates:
Jan 29th - MNT FOR FINAL JUDGMENT BY DEFLT A/T DEF DIGITAL GAS
Jan 29th - MTN FOR ATTY STEVENS TO BE RELIEVED AS COUNSEL A/T DEF LYNN SMITH;PER TWC CARRY TO TRIAL DATE
Jan 9th - MTN TO VACATE 7/3/8 ODR STRIKING ANSW OF B.SMITH & ENTEENTER DEFLT A/T B.SMITH ONLY - GRANTED
Jan 9th - MTN THAT BROEGE NEUMANN FIRM BE RELIEVED AS COUNSEL FOR DEF BRIAN SMITH = DENIED
Nov 23- CH 7 converted to CH 7
July 18th hearing for Lynn to change lawyer
July 3rd Motion Granted - MTN TO STK ANSW OF DEF B.SMITH & PAY FEES
June 20th - MTN FOR THE APPOINTMENT OF A RECEIVER FOR DEF DIGITAL GGAS & TO SET TRIAL DATE & PROOF HEARING DATE
New Docket top appoint receiver for April 28th
Feb 29th 2008 - heating to incarcerate Smith - delayed until Marc 28th - No updates as at April 15th
Nov 2nd, 2007 - Oct 19th hearing below delayed until Nov 2nd - Oct 19, 2007 - Motion for monies AUTHORIZE USE OF FUNDS FROM PASEK & OTHERS
Sept 20, 2007 - Sept 7th hearing below dealyed until the 20th
Sept 7, 2007 - Sept 7th next hearing
Motion Type MOTION TO COMPEL DEPOSITION
Motion Comment COMPEL DEPS OF BRIAN SMITH
August 17, 2007 two hearings - Smitty moves to dismiss his lawyers and is successful. the other is that Litigants rights one from June 8th and 19th
JUNE 25,2007 -this post is a news story of the trial
http://investorshub.advfn.com/boards/read_msg.asp?message_id=20741926 No sense clicking on the news link it expired.
June 19,2007 :"ENFORCE LITS RIGHTS AGAIN BRIAN & LYNN SMITH" motion denied?
JUNE 8, 2007 This day had two hearings one was to:"ENFORCE LITS RIGHTS AGAIN BRIAN & LYNN SMITH" and other was "AUTHORIZE USE OF MONIES RETAINER PD BY SIEDELL " The second appeared to have been granted. the former was delayed until June 19th.
May 29, 2007
March 2, 2007 hearing was for depositions
Feb 16,2007 was delayed until March 2nd
Jan 19 2007 hearing from Nov 3rd and Dec 10th that was delayed - court can be found here.
It is the MONMOUTH venue and search on Digital Gas. Not much detail
http://www.judiciary.state.nj.us/acms/MOTN/cv0390w1e.asp
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SEC suspends DIGG for standard two weeks on Nov 17th, 2006
http://www.sec.gov/litigation/suspensions/2006/34-54772.pdf
Official New release by the New Jersey Office of the Attorney General Oct 13 2006
Penny Stock Digital Gas (DIGG.PK), Three Individuals Ordered to Cease Securities Related Activities, Assets Frozen State Seeks Restitution and Civil Monetary Penalties
http://www.njconsumeraffairs.gov/press/pennystock.htm
New Jersey articles on Raid on Smith's home and immediate Civil suit filed by State
http://www.investorshub.com/boards/read_msg.asp?message_id=14019305
http://www.investorshub.com/boards/read_msg.asp?message_id=13989572
http://www.investorshub.com/boards/read_msg.asp?message_id=13980839
I have posted each and every NR starting in 199 until late 2006 and they are in order starting with this post
http://www.investorshub.com/boards/read_msg.asp?message_id=15460580
NIce link to one asset on DIGG website
http://investorshub.advfn.com/boards/read_msg.asp?message_id=15535337
Digital Gas, Inc.
Brian Smith, 732-927-4073
energei@optonline.net
http://www.digitalgas.com
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