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CNDO - Coronado Industries Announces Reorganization Business Wire "US Press Releases "
FOUNTAIN HILLS, Ariz.--(BUSINESS WIRE)--
Management of Coronado Industries announces today the sale of a majority of its stock and controlling interest and the sale of its subsidiary companies for relief of debt. Coronado's European contracts will remain in force at this time with Coronado Industries.
New management, capitalization and products will be introduced in the near future. As part of the recapitalization a 100 to 1 reverse split will be implemented in the upcoming weeks.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission .
Source: Coronado Industries
MGEN - Med Gen Revenues on the Rise
Business Wire "US Press Releases "
BOCA RATON, Fla.--(BUSINESS WIRE)--
Med Gen Inc. (OTCBB:MGEN), manufacturers of nationally branded OTC healthier life products, announced a substantial increase in revenues for the first half of January.
In discussions with Analysts that follow Med Gen, Paul Kravitz, Chairman/CEO discussed the Med Gen turnaround, prompting a mid-month national release of the company's revenue. Mr. Kravitz said, "in the month of January thru January 22 2007, the company recorded revenue of $277,000, a 6,000% increase over same month revenue in 2006. This increase follows the reported record revenues reported for November and further validates the year-long marketing efforts that management has put in place. The company's management project substantial improvement in revenues for its second (March) quarter."
The company also reported that its newest UnDiet(R) TV commercial will have a medical endorsement and will air in early February. It will become the TV commercial platform for several new products the company is readying for launch.
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system Spray's the Way ("STW"). It is best known for producing the world's first patented liquid spray snoring relief formula, Snorenz(R). Since its existence, Med Gen has continued to develop its STW technology, introducing Good Nights Sleep(R) and the UnDiet(R) system into its family of brands. While STW technology is mainly used, the company also produces other products that deal with common health issues using other delivery systems. The company markets its products to distributors, major chain and drug stores, direct sales via the company web site and direct to consumer television, radio and print advertising. The company also distributes its brands internationally under various private labels or existing names.
Med Gen Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "MGEN". For information contact Investor Relations, Paul Kravitz, CEO - 561-750-1100 or www.medgen.com.
This Press Release contains or incorporates by reference "forward looking statements" including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Med Gen operations that could differ materially from those indicated by such forward looking statements.
Source: Med Gen Inc.
MGEN - Med Gen Interviewed by Wall Street.Net
Business Wire "US Press Releases "
BOCA RATON, Fla.--(BUSINESS WIRE)--
Med Gen Inc. (OTCBB:MGEN), manufacturers of nationally branded OTC healthier life products, was invited to be interviewed on WallSt.Net, a leading Internet informational news site reporting on companies of interest.
The interview, which can be heard in its entirety on the www.wallst.net site, targeted the company's dramatic revenue increases of 6,000%, recently reported by the company, the projected continuity of growth, the investor interest in the company which has created substantial liquidity in the company's shares.
Highlighting events such as the planned new television commercials for its UnDiet(R) weight loss system, the introduction of new unique products featuring the company's STW(R) spray delivery system and the recent high approval ratings in Health and Wellness Club and PGA Golf club for its Painenz(R), Mr. Paul Kravitz, Chairman and CEO, takes the listener through the up-beat highs of Med Gen's future growth opportunities prevalent within the $100 billion market in which its products compete.
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system Spray's the Way ("STW"). It is best known for producing the world's first patented liquid spray snoring relief formula, Snorenz(R). Since its existence, Med Gen has continued to develop its STW technology, introducing Good Nights Sleep(R) and the UnDiet(R) system into its family of brands. While STW technology is mainly used, the company also produces other products that deal with common health issues using other delivery systems. The company markets its products to distributors, major chain and drug stores, direct sales via the company web site and direct to consumer television, radio and print advertising. The company also distributes its brands internationally under various private labels or existing names.
Med Gen Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "MGEN". For information contact Investor Relations 561-750-1100 or www.medgen.com
This Press Release contains or incorporates by reference "forward-looking" statements including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Med Gen operations that could differ materially from those indicated by such forward looking statements.
Source: Med Gen Inc.
SCMI - SunnComm Establishes New Subsidiary -- The Amergence Group Market Wire "US Press Releases "
PHOENIX, AZ -- (MARKET WIRE) -- 01/26/07 -- SunnComm International, Inc. (PINKSHEETS: SCMI), creator of MediaMax(TM), the most widely used audio CD management and enhancement technology in America, announced today that it has formed a new business subsidiary named The Amergence Group . The new company focuses on the development, nurturing and rapid expansion of selected emerging companies across a wide range of industries and disciplines. The new subsidiary will exist alongside the company's current optical media technology unit called Tranzbyte.
The primary goal of the new business development enterprise is to coordinate services and activities which foster and promote a business environment capable of accelerating the growth of innovative companies. It is anticipated that the businesses will be attracted to Amergence in order to take advantage of resources not generally available to small, growing private companies such as mission-critical capital in addition to legal, accounting, and public relations resources. In exchange, the Company will retain a minority ownership position in the promising new businesses. The Company is currently reviewing comprehensive due diligence packages from a number of potential target companies within diverse industries ranging from medical to legal to entertainment.
Peter Jacobs, president of SunnComm International , relates the new subsidiary's mission statement, "To make capital and expertise available to thriving new and innovative business owners without asking them to risk the loss of control of their company (and their lives), as is possible when utilizing traditional venture capitalist methodologies." Jacobs continued, "Many of these emerging businesses have time-critical and specific objectives that require money and resources beyond the reach of the business owners. We will provide an immediate infusion of cash and also contribute an array of business services, professional advice, and guidance in all aspects and all stages of their early development."
TransByte, the other SunnComm subsidiary, will continue to work closely with MediaMax Technology (OTCBB: MMXT) to forge new inroads for its optical media (CD/DVD) technology throughout the entertainment industry. Currently, plans are ongoing to consolidate the various optical media assets of both companies, including SunnComm's current and future optical media products along with its related development and support infrastructure, existing trademarks, intellectual property, and current products under development. Announcements regarding this consolidation are expected to be made shortly.
ABOUT SUNNCOMM
SunnComm International Inc. (PINKSHEETS: SCMI) was the undisputed leader in digital content enhancement and security technology for audio optical media. MediaMax technology has appeared on Gold, Platinum, and Double-Platinum selling albums and on many other best-selling albums, totaling over 165 commercially released CD titles across more than 30 record labels. The company understands and has weathered the challenges surrounding digital content management and enhancement and has recently announced its first introduction of a non-copy protection consumer-enabling product, DVCD(TM). In January 2003 SunnComm co-developed and implemented an early version of the Microsoft Windows Media Data Session Toolkit: (www.microsoft.com/presspass/press/2003/jan03/01-20SessionToolkitPR.asp). For more information about the company, its people and its vision, please visit the Web site at (www.sunncomm.com).
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
ABOUT MEDIAMAX TECHNOLOGY
MediaMax Technology Corporation (OTCBB: MMXT), with its international reach and ever-expanding consumer entertainment and lifestyle industry contacts, has been in the enviable position of being privy to industry insider news, trends and developments, thus guiding the team in its strategic growth of new and existing products and services. This positioning further facilitates market penetration of the existing products while setting the stage within the global entertainment industry for future vertical and lateral market infiltration. For additional information about the company, please visit the Company's Web site at (www.mediamaxtechnology.com).
For more information contact:
Company contact:
Peter H. Jacobs
602-267-7500
peter@sunncomm.com
Investor contact:
Investor Relations
602-231-0681
press@sunncomm.com
Company Contact:
Scott Stoegbauer
602-267-3800
scotts@mediamaxtechnology.com
Investor contact:
Investor Relations
602-231-0681
press@mediamaxtechnology.com
HMSC - Homeland Security Capital Corporation Subsidiary Nexus Technologies Group Announces Record Backlog Ending 2006
PR Newswire "US Press Releases "
ARLINGTON, Va., Jan. 25 /PRNewswire-FirstCall/ -- Homeland Security Capital Corp. (OTC Bulletin Board: HMSC), a company focused on acquiring, developing and consolidating homeland security-related businesses, announced today that its subsidiary Nexus Technologies Group finished 2006 with a strong backlog of high margin business carrying forward into 2007. Nexus ended 2006 with a record backlog of approximately $10 million in billable projects for 2007 representing a 110% increase over the 2005 backlog of projects going into 2006.
HSCC acquired Nexus in February 2006 and has streamlined the operations throughout the year. The company has successfully focused its resources on those clients and projects that are in line with the company's unique product offerings and skill sets while continuing to increase its base of recurring revenues. Included in the backlog are multiple projects that are scheduled for completion in 2007.
Homeland Security Capital Chairman and CEO Tom McMillen said, "Nexus has done a great job in restructuring its operations in 2006 and the resulting backlog shows the hard work and effort put forth by the whole team. We expect 2007 will be a record year for Nexus and we remain dedicated to this segment of the security integration marketplace.
"Nexus' organic growth gives us a positive indication that by following our business plan of identifying undervalued companies and adding our management expertise, financial resources and general support we will build exceptional value for our shareholders," McMillen said.
Nexus President Len Maleonskie, "We believe we can continue to be a security integration leader in the mid-Atlantic region and we anticipate continued strong sales growth throughout 2007."
About Nexus Technologies Group
Nexus Technologies Group, headquartered in Hawthorne, N.Y., provides integrated security solutions for the corporate and government security markets. A subsidiary of Homeland Security Capital Corp., Nexus Technologies Group offers its own brand of security integration, which leverages more than a combined 50 years of industry experience while providing a unique solutions perspective. Ultimately, with cutting-edge technologies, Nexus provides innovative, engineered and scaleable solutions to effectively protect people, property and assets. For more information, visit http://www.nexusna.com.
About Homeland Security Capital Corp.
Homeland Security Capital is a consolidator in the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. Homeland Security Capital intends to operate businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities. The company will enhance the operations of these companies by helping them generate new business, grow revenues and improve cash flows. For more information, visit http://www.hscapcorp.com.
An investment profile about Homeland Security Capital may be found at http://www.hawkassociates.com/hmscprofile.aspx.
For investor relations information regarding Homeland Security Capital, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Forward-looking statement: This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.
Company Contact:
Homeland Security Capital Corp.
C. Thomas McMillen
(703) 528-7073
tmcmillen@hscapcorp.com
Investor Relations:
Hawk Associates Inc.
Frank Hawkins or Julie Marshall
(305) 451-1888
info@hawkassociates.com
SOURCE Homeland Security Capital Corporation
ETIM - Eternal Image Completes Tooling Process for Major League Baseball(TM) Licensed Funeral Urns Business Wire "US Press Releases "
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--
Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed brand image caskets and urns, today announced that it has completed the tooling process for manufacturing its coming line of Major League Baseball(TM) licensed urns.
"This has been and continues to be a very exciting time as we work toward the launch of a line of products that has created great anticipation in the marketplace," said Clint Mytych, president of Eternal Image (EI). "We have a waiting list of consumers who have called and emailed to make clear they want to purchase urns featuring specific teams, and our distributors are eagerly gearing up to sell the products."
EI will roll out the product line in three waves. The first group of urns will include the reigning World Series Champions, St. Louis Cardinals, as well as the Atlanta Braves, Boston Red Sox, Chicago Cubs, Detroit Tigers, Los Angeles Dodgers, New York Yankees and Philadelphia Phillies. Twelve more teams will be added to the line in late 2007 with the balance of 10 teams added in 2008. The urns will have a suggested retail price of $699 .
The company has been signing major distributors, recently announcing agreements covering territories that include Delaware , Illinois , Indiana , Maryland , New England, New York / New Jersey and metro- Philadelphia (PA ). Additional distribution agreements are expected shortly.
In addition, EI has begun the design phase for the corresponding line of Major League Baseball(TM) caskets, which it expects to complete by month's end.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball(TM), Precious Moments(TM) and the Vatican Library Collection(TM), as well as pet urns featuring the American Kennel Club(TM). For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may", "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential" or "continue" or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Source: Eternal Image, Inc.
SLXI - Satelinx Announces New PDA Enabled Software
Market Wire "US Press Releases "
MONTREAL -- (MARKET WIRE) -- 01/25/07 -- Satelinx (PINKSHEETS: SLXI) has completed the final stage in developing a GPS tracking software which will allow the individual user to track a vehicle or person using their own PDA cell phone . PDA sales have tripled in the past two years and make up for more than half of all cell phones on the market. It is our desire to tack in on this 30 billion dollar a year market and make our software a standard on all PDA's.
"We have been working diligently to integrate our GPS tracking software with today's highly advanced PDA cell phones. This will allow mobile ease of use to all users in order to better track assets and individuals. In today's mobile world, having the ability to be at any place at anytime to keep a watchful eye on your family and assets, without being confined to a single location to monitor, will greatly improve every aspect of security. Adding to a market that's already saturated with PDA technology, we feel that it will be a simple merge into everyday use and will allow us the opportunity to sell our GPS tracking units on a large scale," stated Sam Grinfeld, Chairman of the Board of Satelinx.
About Satelinx
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, including forecasts of market growth, future revenue, benefits of the proposed merger, and expectations that the merger will be accretive to Satelinx's results and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: difficulties encountered in integrating merged businesses; uncertainties as to the timing of the merger; approval of the transaction by the stockholders of the companies; the satisfaction of closing conditions to the transaction, including the receipt of regulatory approvals; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the proposed merger; and whether the companies can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Satelinx undertakes no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.
Contact:
Sam Grinfeld
514-332-2523
PYCT - PayChest Announces Rollout of Financial Services Market Wire "US Press Releases "
HUNTINGTON BEACH, CA -- (MARKET WIRE) -- 01/26/07 -- PayChest, Inc. (PINKSHEETS: PYCT) today announced the rollout of several online financial services and provided updates on the company's banking relationships today. The announcements were made after a series of network and processing upgrades were completed, to streamline the online money transfer products.
The financial services made immediately available to the public include short-term payday loans through First Cash America, a company affiliated to PayChest through Mr. Pillay. Additional PayChest product rollouts include the release of the Banx debit card and the rewards program, scheduled for public release by February 20th, 2007 . The rollout of the E-Store solution, as a comprehensive one-stop global e-commerce offering for small and large enterprises, will be accompanied with a press release next week.
Mr. Pillay stated, "As a global online financial services gateway, PayChest provides consumers the ability to transfer, pay or loan money from mobile devices or online. We have been able to enlist these services from our affiliate company banking relationships and I will continue to leverage these to PayChest's advantage. Our current banking relationships include Wells Fargo, Washington Mutual, Bankfirst, FBOD, Banxcard and First Premiere Bank ."
He further stated, "This integration differentiates PayChest from others in the industry and is attracting the attention of larger search engines with our capabilities in this unique space. We will continue to set a new standard with further innovation and integration."
About PayChest
PayChest and its strategic partner companies have developed an integrated online payment processing platform utilizing cutting edge technologies to deliver payment solutions online. These payment processing solutions include turnkey payment facilitation for credit and debit cards, electronic checks, money transfer solutions, gift cards and turnkey rewards based systems.
New management within PayChest is focused on innovative and tangible products, improving the online financial experience for online consumers and e-commerce businesses worldwide. To fulfill this obligation, the new management has marked significant timelines over the next few months to streamline operations, with a focus on integrating backend transaction processing infrastructures scalable to new payment technologies and marketing opportunities.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
CONTACT:
PayChest, Inc.
Investor Relations
Email: info@paychest.com
CHNW - Cash Now Corporation (Cash Now) Closes The Regional Training Transaction PR Newswire "US Press Releases "
LAS VEGAS , Jan. 26 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK), www.cashnow.com (Cash Now), a public company engaged in the design, manufacturing, marketing and distribution of customized payday loan and check cashing software and white or private label back end systems, Internet based payday loans, and other sub prime financial utility tools, annouced today after the market closed, the completion of the regional training transaction. The trainee, a Maryland based mortgage broker, plans on adding additional services to their clients via the Internet such as online payday loans and other sub prime financial services made available by Cash Now and its vendors.
Cash Now's CEO Garr Winters said, "this is a bit of a different twist from our traditional model, however, as more and more States and Provinces change the laws on payday loan lending we are noticing an increase in the media scrutiny and the need for payday loan and check cashing operators to stay on top of the current laws and regulations that affect our industry." Case in point, the recent soon-to-be-released San Francisco Chronicle expose on the payday loan industry that is comparing traditional bank fees to those charged by payday loan companies. The company confirms that it did contribute to the payday industry support cause, as it did participate with the journalist inquiry. Mr. Winters said, "we are not a bit surprised that most consumers and journalists alike did not realize that in most cases, taking out a short term payday advance is less expensive than the fees charged by some traditional banks." In other company news, the company remains concerned about the erosion of its share price. The company plans on issuing a "President's Message" press release to its shareholders, that will address this and many other frequently asked questions of its shareholders.
Cash Now Background
Cash Now Corporation , a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. The company's proven business model includes licensing to corporately operate locations across the U.S. and Canada . Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight to clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express.
SOURCE Cash Now Corporation
SUBPENNY NEWS GAINERS 1/26/2007
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