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-- Axia Group, Inc., (OTC: AXIG)
today announced that it has placed an order for the first Sentry 5000 Mobile
Utility System to be shipped to Sri Lanka for demonstration and marketing
purposes. The Sentry 5000, manufactured by Titan Energy Development, Inc. in
Detroit MI, is a mobile, multifunctional utility system that provides power
generation, water filtration, heating, cooling, and satellite communications.
Earlier in the year, Axia had announced the intention to acquire Titan, but
both companies have now agreed to rescind this agreement. Axia will maintain
its exclusive marketing and sales agreement for the Sentry 5000 in Sri Lanka,
India, Pakistan and other areas of Southeast Asia.
Stated Raj Janan, President of Axia Group, Inc., "The Sentry 5000 is an
ideal solution for Sri Lanka and other areas in Southeast Asia where power,
water and communications are compromised. Our goal is to provide a working
unit in Sri Lanka to support our construction efforts as well as demonstrate
the system's many capabilities and benefits. Once we have the unit in
operation in Sri Lanka, we hope to be able to pursue sales of the Sentry 5000
as we continue to acquire new housing contracts."
Added Raj Janan, "We made the decision to cancel the acquisition of Titan
so that Axia could focus more squarely on our core business, which is to
provide building technologies and engineering services in Southeast Asia.
Axia will maintain an exclusive agreement with Titan for the Sentry 5000 for
the region as we believe this is a very valuable and much needed utility
solution for these areas."
More information on Axia Group, Inc. can be found on the company web site
at www.axiagroup.info.
Investors are cautioned that certain statements contained in this document
as well as some statements in periodic press releases and some oral statements
of AXIG officials are "Forward-Looking Statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking
statements include statements which are predictive in nature, which depend
upon or refer to future events or conditions, which include words such as
"believes," "anticipates," "intends," "plans," "expects," and similar
expressions. In addition, any statements concerning future financial
performance (including future revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future AXIG actions, which may
be provided by management, are also forward-looking statements as defined by
the Act. Forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results,
performance or achievements of the Company to materially differ from any
future results, performance, or achievements expressed or implied by such
forward-looking statements and to vary significantly from reporting period to
reporting period. Although management believes that the assumptions made and
expectations reflected in the forward-looking statements are reasonable, there
is no assurance that the underlying assumptions will, in fact, prove to be
correct or that actual future results will not be different from the
expectations expressed in this report. These statements are not guarantees of
future performance and AXIG has no specific intention to update these
statements.
SOURCE Axia Group, Inc.
Contact Information:
Janet Whitehead of Axia Group, Inc., +1-619-466-4701
WebSite:
http://www.axiagroup.info
Stockz U be Dissin me my ears are burnin
China Wireless Communications,Inc., CWLC), is pleased to announce that it has signed an
additional contract with the Tianjin Municipal Education Commission.
Tianjin Create Co., a systems integration company and subsidiary of China
Wireless Communications, has signed an additional contract to provide desk-top
computer solutions, maintenance and technical support for the Tianjin
Municipal Education Commission. The contract calls for additional equipment,
products and services as needed. With this contract Tianjin Create Co. plans
to continue to expand the existing relationships it has with the universities
in and around Tianjin.
Tianjin Municipal Education Commission is a government organization
responsible for managing the education system in Tianjin, to include all
universities, high schools, middle schools and primary schools. Tianjin
Municipal Education Commission will look to establish special funds to
subsidize the overseas training and studying of junior and senior software
technicians, and the hiring of foreign software experts and persons once
studied abroad to deliver lectures and work in Tianjin. Special attention
will be paid to attract the senior software talents from America, India,
Ireland, and other top technology nations.
About China Wireless Communications, Inc.
China Wireless Communications, Inc., headquartered in Denver, CO, is
focusing its efforts on becoming a premier information technology company in
China. The information technology business is developing quickly in China and
we are becoming a major player in its development. The company provides
business solutions to clients which include systems integration, broadband
data services, support for Internet access and Voice over IP in China. Our
systems provide redundant high-speed network access connections, and transport
services that include IP data, video and ISP services. Another key component
to building the company's broad base information technology products and
services in China, including computer installation and maintenance, broadband
transport service, server installation maintenance and support, internet
services, broadband transport redundancy, fixed wireless transport and
information hosting.
Forward-Looking Statements:
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements." The company intends that
such statements about the Company's future expectations, including future
revenues and earnings, and all other forward-looking statements be subject to
the safe harbors created thereby. Since these statements (future operational
results and sales) involve risks and uncertainties and are subject to change
at any time, the Company's actual results may differ materially from the
expected results
CONTACT:
Michael Bowden
Chief Operations Officer
China Wireless Communications, Inc.
info@chinawirelesscommunications.com
www.chinawirelesscommunications.com
303.277.9968 Office
SOURCE China Wireless Communications, Inc.
Contact Information:
Michael Bowden, Chief Operations Officer of China Wireless Communications, Inc., +1-303-277-9968, info@chinawirelesscommunications.com
WebSite:
http://www.chinawirelesscommunications.com
PlanetLink Communications Inc.
(OTCBB:PLKC), a provider of GPS satellite-based products and services, announced
today that it has retired the majority of its convertible debentures. Mary Hitt,
Treasurer and Director of Finance, stated that "The company is excited about
being able to substantially reduce its debt level as this will bring the company
closer to positive cash flow and profitability." The major benefit of retiring
all but $49,000 of the company's outside debt is the reduction in interest
expense plus debt repayment is not looming in the future. The company also filed
its annual report Form 10KSB with the Securities and Exchange Commission on a
timely basis. To view the report go to the www.planettraks.com and click on
Investors and then SEC Filings.
Other news: The Two Men and a Truck Moving & Storage trade show that
PlanetLink attended as a preferred provider was very successful. Interest from
this franchise group is high; we have a number of quotes outstanding for
installation of the TransTRAK product in franchise locations across the country.
At the show Larry Lapaglia, Director of Agent Sales, presented the TransTRAK
products. Plus one of the Two Men and a Track franchisees who is a PlanetTRAKS
customer gave a demonstration to his fellow franchisees of how the TransTRAK
product works including how the TransTRAK product enabled his customers to track
their own moving van as it crosses the country.
If you wish to learn more about how PlanetTRAKS and the TransTRAK system can
help your company reduce fuel costs and increase the productivity, efficiency
and safety of your fleet, please contact Larry Lapaglia (210) 442-2404.
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK(tm) product
through its wholly owned subsidiary, PlanetTRAKS. The Company is developing a
family of GPS-enabled products and services under the PlanetTRAKS name.
TransTRAK(tm) is the first of these products and is the Company's turnkey
solution for real-time, mobile asset management. From tracking vehicle speed and
location in real-time to controlling vehicle functions through remote access,
TransTRAK(tm) allows the customer to actively monitor and manage virtually any
type of mobile asset. For more information on PlanetLink, please visit the
company's Website at: http://www.planettraks.com
Information contained in this press release includes forward-looking statements.
Forward-looking statements usually contain the words "estimate," "anticipate,"
"believe," "expect," or similar expressions that involve risks and
uncertainties. These risks and uncertainties include the Company's status as a
startup company with uncertain profitability, need for significant capital,
uncertainty concerning market acceptance of its products, competition, limited
service and manufacturing facilities, dependence on technological developments
and protection of its intellectual property. The Company's actual results could
differ materially from those discussed herein. Factors that could cause or
contribute to such differences are discussed more fully in the "Risk Factors,"
"Management's Discussion and Analysis" or "Plan of Operation" and other sections
of the Company's Form 10-KSB and other publicly available information regarding
the Company on file with the Securities and Exchange Commission. The Company
will provide you with copies of this information upon request.
CONTACT: PlanetLink Communications, Inc.
Larry Lapaglia
(210) 442-2404
Imperia Entertainment, Inc. IPRE) announced
today that it has completed principal photography of its feature film,
"Say It In Russian." "We now will move on to post production of the
film, and expect a couple of days of pickup shooting," said Kenneth
Eade, Executive Producer and Company Chairman. "We expect a rough cut
and a trailer will be available by the time we go to the Cannes Film
Market in May," he added.
About "Say It In Russian"
"Say It In Russian" is a full length feature film, shot on 35mm.
It is a romantic adventure, shot in Paris, Moscow and Los Angeles,
starring Faye Dunaway, Rade Sherbedgia ("Snatch"), Steven Brand ("The
Scorpion King"), Alex Nesic ("Sleeper Cell") and introducing Agata
Gotova, with supporting roles played by Steven Berkoff ("Beverly Hills
Cop"), Musetta Vander ("O'Brother Where Art Thou"), Elya Baskin
("Moscow on the Hudson") and Oleg Vidov ("Red Heat"), among others.
The film is in its final week of principal photography and the company
is planning on releasing the film before the end of the year.
About Imperia Entertainment, Inc.
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a
company which has emerged as a player in the area of independent film
production and distribution, once monopolized by the major film
studios. In conjunction with its distribution subsidiary, Imperia
International Distribution, the company engages in investing in and
producing and distributing full-length feature films. Along with its
equity interest in the widely anticipated "All That I Need"
(www.allthatineed.net), released in theaters last December and coming
to DVD in February, Imperia's film properties include its feature film
"Say It In Russian," directed by Jeff Celentano ("Primary Suspect,"
"Gunshy") and edited by David Rawlins ("Saturday Night Fever"),
"Brothers," by Tarquin Gotch ("Home Alone"), "Whiskers," by Jordan
Klein ("Flipper," "Splash," "Cocoon"), the award-winning "Autograph"
television series (www.autograph.tv), which airs on the Colours
Television Network and the "Faces and Names" television series.
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Imperia Entertainment, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that could
cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT LICENSING (ENTERTAINMENT) MOTION PICTURES PRODUCT/SERVICE PHOTO/MULTIMEDIA
SOURCE: Imperia Entertainment, Inc.
CONTACT INFORMATION:
Imperia Entertainment, Inc.
James Hergott, 310-275-0089
or
Vivian Fullerlove, 214-564-3359 (Public Relations)
musbviv@yahoo.com
NDOL up 60%
NDOL ut
North Star Diamonds, Inc. NSDM) is pleased to announce that the company has been
successful in obtaining samples from a geological structure which has been
identified as a Kimberlite. The samples are being sent to a Canadian
laboratory for identification and also chemical analysis for possible
indicator minerals. This sample is from a U.S.A. source. Walter Stunder,
President and CEO, believes that the U.S.A. has good potential for diamond
mining due to the higher price of diamonds and a greater demand for lower
quality diamonds. Also, more modern methods of diamond extraction are making
once marginal mines economic.
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The
Company holds 121,808 strategically acquired diamond claims mostly in the
Manitoba area of Canada. The Company sells diamonds in Canada and the United
States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver,
BC. www.northstardiamonds.net
This press release contains statements, which may constitute "forward-
looking statements" within the meaning of the Securities Act of 1933 and the
Securities Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Those statements include statements regarding
the intent, belief or current expectations of North Star Diamonds, Inc., and
members of their management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those contemplated by such forward-looking statements. Important factors
currently known to management that could cause actual results to differ
materially from those in forward-statements include fluctuation of operating
results, the ability to compete successfully and the ability to complete
before-mentioned transactions. The Company undertakes no obligation to update
or revise forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results.
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
SOURCE North Star Diamonds, Inc.
Contact Information:
Toll Free: 1-877-454-7872, or Email: contact@northstardiamonds.net
Nord Oil International Inc. (OTC: NDOL)(Frankfurt: CXIA)
announced today that local and regional governments have
approved the company's plans to start its oil production starting June 1,
2006.
"We are truly grateful for the tremendous support we have received by local
and regional governments to expedite our authorization to commence our oil
production," said Andrei Kuzovlev, Executive Vice-President of Nord Oil
International Inc. "The production is expected to yield approximately 6,500
barrels per day or 2.3 million barrels of oil for the following 12 months,
representing revenues of approximately $150 million USD and when we add
this revenue to our existing transport, storage and trading business, total
revenues should reach close to $200 million USD by June 2007," further
added Mr. Kuzovlev.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior
producer, trading under the ticker symbol NDOL on the US Pinksheets market.
Nord Oil International operates three wholly owned Russian subsidiaries;
Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties
currently have a total of 48 million barrels of proven and probable
reserves and the company plans to acquire additional properties and has an
objective of 150 million barrels in proven and probable reserves.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact:
Viatcheslav Makarov
President
Nord Oil International Inc.
Vmakarov@nordoil.com
514-591-3666
www.nordoil.com
CyberKey® Corporation CYKC) is pleased to announce that the Company has received a payment of $4.2 Million
from the Department of Homeland Security for its initial shipment of 33,000
CyberKey units. The total order submitted by the federal government is for
150,000 units and is expected to exceed $24 Million.
"The relationship with the Department of Homeland Security gives CyberKey a
platform for generating a continuous revenue stream. We are very excited
about providing a suite of solutions to the Federal Government and the
growth we are achieving because of it," stated Jim Plant, CEO of CyberKey
Corporation.
The Company recently announced that the second shipment of 30,000 units,
totaling more than $4 Million, was shipped last week out of CyberKey's
contract manufacturing facility in San Jose, CA. The addition of CyberKey's
technology helps to ensure that Government Agencies have access to a secure
storage medium that is eminently mobile, which meets stringent government
security requirements. CyberKey's technology provides solutions that help
to protect confidential data, manage the identities of people and
applications accessing that information, and address compliance
requirements.
ABOUT CYBERKEY
CyberKey Corporation, based in St. George, Utah, partners with
industry-leading manufacturers and distributors to deliver secure USB
drive-based solutions to vertical markets and content owners, service
providers and resellers. CyberKey solutions solve real world issues in the
entertainment, education, government, military, automotive, financial
services and medical industries. CyberKey technologies allow users to
securely transfer large amounts of data, files and applications software
from one electronic device to another while employing a patent-pending
USB-based Digital Rights Management process. CyberKey's solutions create
new opportunities for existing industries and applications.
For more information, please visit CyberKey's website at
http://www.cyberkeycorp.com or contact Investor Relations at
1-866-THE-APPL(E).
Statements contained in this news release, other than those identifying
historical facts, constitute 'forward-looking statements' within the
meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe
Harbor provisions as contained in the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements relating to the Company's
future expectations, including but not limited to revenues and earnings,
technology efficacy, strategies and plans, are subject to safe harbors
protection. Actual company results and performance may be materially
different from any future results, performance, strategies, plans, or
achievements that may be expressed or implied by any such forward-looking
statements. The Company disclaims any obligation to update or revise any
forward-looking statements.
Contact:
Investor Relations
1-866-THE-APPL(E)
http://www.cyberkeycorp.com
Source: CyberKey Corporation
Good Morning Chief, Stocks and Team..
Pinnacle Group Unlimited PGPU is pleased to announce the drilling and completion of its first four wells in
West Virginia in 2006.
The first two wells, the Digman #1 and Digman #2, have been drilled and
completed to the Big Injun and Gordon formations. The initial tests show
that each well will deliver approximately 100,000 cubic feet of gas per day
in the line. The expected ultimate recoverable reserves for each of these
two wells are approximately 250 million cubic feet of gas.
Based upon the standard market price of natural gas which is currently at
$7.00 per thousand cubic feet of gas, the Gross Income from production for
the next twelve months will exceed $250,000 per well. These wells should
be selling gas by the end of April.
The second two wells, the Hutson #1 and Hutson #2, have been drilled and
completed to the Gordon Formation. The initial tests indicate that each
well will deliver approximately 60,000 cubic feet of gas per day into the
line. The expected ultimate recoverable reserves for each of these two
wells are 185 million cubic feet of gas.
Based upon the standard market price of natural gas quoted above, the Gross
Income from production for the next twelve months will exceed $150,000 per
well. Both wells should be selling gas by the middle of April.
PGPU (Maverick) will retain a 25% working interest in all of the above
wells.
As previously stated, PGPU projects to drill an additional 25 wells in West
Virginia this year.
James McCabe, CEO, stated, "We are very excited with the potential
production of these first four wells. And based upon those results, PGPU
continues to acquire additional leases in West Virginia."
Further information can be found at www.pinnaclegli.com or
http://www.maverickenergygroup.com/
or www.pinksheets.com
This release includes forward-looking statements, which are based on
certain assumptions and reflects management's current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors include:
general global economic conditions; general industry and market conditions
and growth rates; uncertainty as to whether our strategies and business
plans will yield the expected benefits; increasing competition;
availability and cost of capital; the ability to identify and develop and
achieve commercial success for new products and technologies; the level of
expenditures necessary to maintain and improve the quality of products and
services; changes in technology; changes in laws and regulations, includes
codes and standards, intellectual property rights, and tax matters; the
uncertainty of the oil & gas market; including the geopolitical environment
not anticipated; our ability to secure and maintain strategic relationships
and distribution agreements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
For further information, please contact:
Ronald Kopman
President of Pinnacle
(416)371-1357
Ronkopman7@sympatico.ca
Modern Technology Corp MOTG) a diversified technology development and acquisition company announced today
the formal commencement of a Tender Offer to stockholders of Harvey
Electronics pursuant to Regulation 14D of the Securities and Exchange Act
of 1934, as Amended. A "SCHEDULE TO" Tender Offer Statement Pursuant to
Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 will be
timely filed with the Securities and Exchange Commission subsequent to this
announcement.
The summary of the offer's terms and some answers to common questions
appear below.
Anthony Welch, Modern Technology Corp's Chairman said, "We feel this to be
an outstanding offer to current Harvey Electronics stockholders. Not only
does this offer provide a superb cash distribution and excellent premium
above market price, but it also provides an equity position in the new
larger organization. Stockholders of Harvey will continue as stockholders
of a new and more powerful combined organization, with far greater market
liquidity, a fantastic vision, a model of continuous growth, and expecting
to generate a profitable $65,000,000 in revenue for 2006. We welcome the
stockholders of Harvey Electronics to our bold vision for the future."
Modern Technology Corp is offering to purchase 51% of the outstanding
shares of common stock of Harvey Electronics, Inc. (NASDAQ: HRVE) for $1.15
per share, upon the terms and subject to the conditions set forth in this
Offer to Purchase. The following are some of the questions stockholders may
have and answers to those questions.
Who is offering to buy my securities?
Our name is Modern Technology Corp. We are a Nevada corporation formed in
1982. We are a diversified technology development and acquisition company,
building revenues through continuous growth, strategic acquisitions, and
commercialization of nascent technology. MOTG improves operating
efficiencies through the elimination of cost redundancies and realized
synergy between subsidiaries. MOTG also commercializes new technology and
provides to its subsidiaries new product lines, operations infrastructure,
and significant intellectual capital. The company's mission is to build
shareholder value through a model of continuous growth. Web Address:
http://www.moderntechnologycorp.com.
What securities are you offering to purchase?
We are offering to purchase 51% of the outstanding common stock of Harvey
Electronics, Inc. We refer to one share of Harvey Electronics, Inc. common
stock as a "share" or "Share." No shares will be purchased if less than
51% are Tendered. No shares will be purchased beyond the first 51%
tendered.
How much are you offering to pay for my securities and what is the form of
payment?
We are offering to pay you $1.15 per share in cash and stock without
brokerage fees, commissions or, except in certain circumstances, transfer
taxes. The offer consists of $0.80 per share paid in cash upon expiration
of this Offer, and $0.35 in Convertible Warrants per share payable at the
expiration of this Offer.
The Warrant holder shall have the right to exchange his Warrant, at any
time, for Common Stock in Modern Technology Corp and the Warrant holder
will be guaranteed a number of shares of Modern Technology Common Stock
worth no less than $0.35 at the time of Conversion. If the Market Price of
Modern Technology Corp is above $0.35, the Warrant holder shall be entitled
to one share of Modern Technology Corp Common Stock. The Warrant holder is
under no obligation to sell the Common Stock he receives under exercising
his Conversion privilege. Modern Technology Corp believes this provides
the Warrant holder the ability to participate in the anticipated growth of
Modern Technology Corp while at the same time, providing the ability to
redeem his warrant for marketable securities at a guaranteed minimum.
Do you have the financial resources to pay for the shares?
We will need approximately $1,500,000 to fund the initial cash portion of
the offer for all shares and to pay related fees and expenses. As of April
3rd, 2006, we have secured a commitment from our investors to provide
$1,500,000 in cash to support this Offer. The equity portion of the Offer
will be issued to all stockholders of Harvey Electronics who have tendered
their shares. This equity distribution will be authorized and effected
pursuant to a Board Resolution of the Board of Directors of Modern
Technology Corp upon completion of the Tender Offer process.
Is your financial condition relevant to my decision to tender in the offer?
Because the form of payment consists of cash and securities with guaranteed
minimums, and is not conditioned upon any financing arrangements other than
from our investors, we do not think our financial condition is material to
your decision whether to tender in the offer. However, you may view our
most recent quarterly and annual financial information by visiting our
filings with the U.S. Securities and Exchange Commission at www.sec.gov.
What does the Board of Directors of Harvey Electronics, Inc. think of the
offer?
Harvey Electronics Inc.'s Board of Directors has not approved this offer or
otherwise commented on it as of the date of this Offer to Purchase. Within
10 business days after the date of this Offer to Purchase, Harvey
Electronics, Inc., is required by law to publish, send or give to you (and
file with the Securities and Exchange Commission) a statement as to whether
it recommends acceptance or rejection of the offer, that it has no opinion
with respect to the offer or that it is unable to take a position with
respect to the offer.
How long do I have to decide whether to tender in the offer and how does
the offer expire?
You have until the expiration date of the offer to tender. The offer
currently is scheduled to expire at 12:00 midnight, New York City time, on
Monday, May 1, 2006. We do not intend to extend the expiration date of the
offer at the present time. If the offer is extended, we will issue a press
release announcing the extension at or before 9:00 A.M. New York City time
on the next business day after the date the offer was scheduled to expire.
We may elect to provide a "subsequent offering period" for the offer. A
subsequent offering period, if one is included, will be an additional
period of time beginning after we have purchased shares tendered during the
offer, during which stockholders may tender, but not withdraw, their shares
and receive the offer consideration. We do not currently intend to include
a subsequent offering period, although we reserve the right to do so.
The Offer will expire upon the first 51% of the common stock of Harvey
Electronics being Tendered.
The Offer will expire in the event the Board of Directors of Harvey
Electronics and Modern Technology Corp enter into a Definitive Agreement
whereby Harvey Electronics and Modern Technology Corp agree, in substantive
part, to a plan of acquisition or sale of assets resulting in Modern
Technology Corp being the majority or sole owner of the common stock or
assets of Harvey Electronics. Stockholders would receive a Proxy to cast
their vote on the proposed transaction subsequent to a Definitive
Agreement.
What are the most significant conditions to the offer?
The offer is conditioned upon, among other things there being validly
tendered and not withdrawn before the expiration of the offer a number of
shares representing at least a majority of the total number of shares
outstanding on a fully diluted basis.
How will I be notified if the offer is extended?
If we decide to extend the offer, we will inform American Stock Transfer &
Trust Company, the depositary for the offer, of that fact and will make a
public announcement of the extension, no later than 9:00 A.M., New York
City time, on the next business day after the date the offer was scheduled
to expire.
How do I tender my shares?
To tender shares, you must deliver the certificates representing your
shares, together with a completed Letter of Transmittal and any other
required documents, to Registrar and Transfer Company, 10 Commerce Drive,
Cranford, New Jersey 07016, Tel: (908) 497-2300 not later than the time the
offer expires. If your shares are held in street name by your broker,
dealer, bank, trust company or other nominee, such nominee can tender your
shares through The Depository Trust Company. If you cannot deliver
everything required to make a valid tender to the transfer agent before the
expiration of the offer, you may have a limited amount of additional time
by having a financial institution (including most banks, savings and loan
associations and brokerage houses) that is a member of a recognized
Medallion Program approved by The Securities Transfer Association Inc.,
including the Securities Transfer Agents Medallion Program (STAMP), the
Stock Exchange Medallion Program (SEMP) and the New York Stock Exchange,
Inc. Medallion Signature Program (MSP), guarantee, pursuant to a Notice of
Guaranteed Delivery, that the missing items will be received by the
depositary within three Nasdaq National Market trading days. However, the
depositary must receive the missing items within that three trading day
period.
Until what time can I withdraw tendered shares?
You can withdraw tendered shares at any time until the offer has expired,
and, if we have not by May 7, 2006, agreed to accept your shares for
payment, you can withdraw them at any time after such time until we accept
shares for payment. You may not, however, withdraw shares tendered during a
subsequent offering period, if one is included.
How do I withdraw tendered shares?
To withdraw shares, you must deliver a written notice of withdrawal, or a
facsimile of one, with the required information to Registrar and Transfer
Company while you have the right to withdraw the shares.
When and how will I be paid for my tendered shares?
Subject to the terms and conditions of the offer, we will pay for all
validly tendered and not withdrawn shares promptly after the later of the
date of expiration of the offer and the satisfaction or any waiver of the
conditions to the offer relating to governmental or regulatory approvals.
We do, however, reserve the right, in our sole discretion and subject to
applicable law, to delay payment for shares until satisfaction of all
conditions to the offer relating to governmental or regulatory approvals.
If a majority of the shares are tendered and accepted for payment, will
Harvey Electronics, Inc. continue as a public company?
Harvey Electronics, Inc. will continue to be publicly owned. However, if we
purchase all the tendered shares, there may be so few remaining
stockholders and publicly held shares that the shares will no longer be
eligible to be traded on a securities exchange, there may not be a public
trading market for the shares, and Harvey Electronics, Inc. may cease
making filings with the Securities and Exchange Commission or otherwise
cease being required to comply with the SEC rules relating to publicly held
companies. In either case, Harvey Electronics will continue its operations
as a majority owned subsidiary of Modern Technology Corp.
If I decide not to tender, how will the offer affect my shares?
At the present time we are not offering to purchase any shares beyond 51%
of the common stock of Harvey Electronics. We may make such an offer in
the future. The remaining 49% of the Common Stock, the number of
stockholders and the number of shares that are still in the hands of the
public may be so small that there will no longer be an active or liquid
public trading market (or, possibly, any public trading market) for shares
held by stockholders other than Modern Technology Corp., which may affect
prices at which shares trade. Also, as described above, Harvey Electronics,
Inc. may cease making filings with the Securities and Exchange Commission
or being required to comply with the SEC rules relating to publicly held
companies.
What is the market value of my shares as of a recent date?
On March 31 2006, the last full trading day before the announcement of our
intention to commence the offer, the last reported sales price of Harvey
Electronics, Inc. common stock reported on the Nasdaq National Market was
$0.65 per share. Please obtain a recent quotation for your shares prior to
deciding whether or not to tender.
What are the federal income tax consequences of participating in the offer?
In general, your sale of shares pursuant to the offer will be a taxable
transaction for U.S. federal income tax purposes and may also be a taxable
transaction under applicable state, local or foreign income or other tax
laws. You should consult your tax advisor about the tax consequences to you
of participating in the offer in light of your particular circumstances.
Who can I talk to if I have questions about the offer?
You can call Modern Technology Corp at 1.662.236.5928.
Contact:
Investor Relations
Modern Technology Corp
1420 North Lamar Blvd.
Oxford, MS 38655 USA
Phone: +1.662.236.5928
Fax: +1.662.236.7663
Web: www.moderntechnologycorp.com
We are a public company trading under the symbol "MOTG" on the OTCBB
Advanced Technology Industries, Inc. AVDI) and TVT Records today announced a joint agreement making TVT's
entire catalog available through AVDI's Qtrax legal Peer-2-Peer music download
service. The deal makes hit recordings from such Gold and Platinum artists as
Lil Jon & The East Side Boyz, Default, Ying Yang Twins, Sevendust and
Pitbull available on the soon-to-be-launched Qtrax service.
Qtrax is an ad-supported legal P2P service that marries the power of Peer-2-Peer
and quality Internet advertising to provide improved value to the consumer.
Qtrax will provide users with a legal file-sharing venue designed to prevent the
unlawful distribution and/or reproduction of unlicensed copyrighted content and
provide for the protection of intellectual property owners' rights, as well as
their compensation. Files authorized for sharing by content owners will be
freely transferred via the Qtrax P2P network and supported via Audible Magic
content filtering technology.
Said TVT Records President and founder Steve Gottlieb, "Fans want to share files
and sample new music in the most economical way, and artists and record
companies deserve compensation. Both interests are realized through the Qtrax
ad-supported model. The prospect of monetizing the power and appeal of P2P is
extremely appetizing."
"Having TVT records embrace our model so enthusiastically is a wonderful
affirmation of the viability of the Qtrax ad-supported music distribution
model," said Allan Klepfisz, CEO of ATI. "Qtrax protects both intellectual
property values and the desire of music enthusiasts to access, explore and
listen to a wide musical spectrum. TVT's rich catalog will open a wide spectrum
of musical experience for Qtrax users."
About TVT Records
The nation's No. 1 independent label for the fourth consecutive year as cited by
industry authorities Billboard Magazine and SoundScan, TVT Records recently
celebrated its 20th year of discovering and breaking some of the most
revolutionary recording artists and exciting trends in music.
TVT Records is a pioneer in digital music distribution as the first label to
make its entire catalog available for download when it launched its digital
store in November 1999 from TVTrecords.com. The company was also the first to
make its entire repertoire of music videos available for streaming. The label
has been at the forefront of the evolving music market online through strategic
partnerships with Microsoft, Yahoo!, Real Networks, Napster and others. In the
massive Ringtones market, TVT often tops the charts. In 2005 two of the top 10
Mastertones and four of the top 10 polyphonic tones and were TVT recordings.
About ATI
Advanced Technology Industries, Inc. is a technology holding company devoted to
technology identification and acquisition, as well as research and development
leading to commercialization of innovative products, including proprietary
technologies. Through its subsidiary, LTDnetwork, Inc. ("LTD"), the Company owns
a range of cutting-edge proprietary software products developed by LTD that are
designed to facilitate and enhance the purchasing experience of both its own
customers and those of leading Internet companies that will utilize the products
under joint venture or licensing arrangements. The Company is currently focusing
on the launch of LTD's innovative P2P file sharing service, Qtrax. The Company
has offices in New York, New York and Melbourne, Australia.
Safe Harbor
This announcement contains express or implied forward-looking statements which
involve known and unknown risks and uncertainties that could cause actual
results to differ materially from those suggested, including but not limited to
risks identified and discussed in company filings with the Securities and
Exchange Commission. These forward-looking statements are based on information
and management's expectations as of the date hereof and future results may
differ materially from expectations and the company disclaims any obligation to
update them except as required by law.
CONTACT: TVT Records
Jason Consoli
jason@tvtrecords.com
ATI/Qtrax
Rich Schineller
941-918-1913
Rich@prmgt.com
GameZnFlix, Inc. GZFX), an online
provider of video game and DVD movies for rent or purchase, launched its
updated website last week.
"The new website brings many new features and greater speed to assist our
members in finding and managing their accounts. Our IT department has
spent the past year building the website and we held its release for
outside testing and for business purposes," said John Fleming, CEO of
GameZnFlix, Inc. "In the near future we will be adding other membership
advantages, like books, music and audio books. These products are still in
testing and we wanted get the website up to allow our members to enjoy the
current improvements like the 'advance search'; title information popup;
and account management. We are also previewing the GnF Entertainment
Channel on the website (logo link on the platform line of the home page).
This represents another step towards meeting one of the company's goals of
providing movies and games through video-on-demand or, potentially, any
other media."
GameZnFlix is a company that offers video games/DVD movies for rental or
purchase on the Internet with access to over 40,000 game and movie titles.
With different membership levels beginning at $8.99 a month subscribers can
rent a combination of both video games and/or DVD movies with no late fees
or due dates or members can purchase video games and/or DVD movie titles at
a membership discount.
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of 1933
and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to
the safe harbor created by those rules. All statements, other than
statements of fact included in this release, including, without limitation,
statements regarding potential future plans and objectives of the company,
are forward-looking statements that involve risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Technical complications that may arise
could prevent the prompt implementation of any strategically significant
plan(s) outlined above. The company cautions that these forward-looking
statements are further qualified by other factors including, but not
limited to those set forth in the company's Form 10-KSB filing and other
filings with the United States Securities and Exchange Commission
(available at http://www.sec.gov/). The company undertakes no obligation to
publicly update or revise any statements in this release, whether as a
result of new information, future events or otherwise.
For further information, please contact GameZnFlix, Inc. corporate offices
at 1 (888) 542-6817. Source Website: www.gameznflix.com
Contact:
GameZnFlix, Inc.
1 (888) 542-6817
www.gameznflix.com
Cambodian Ventures Limited CMBV), Cambodian Ventures is pleased to announce that the
Company will be issuing a 10% unrestricted stock dividend for all
shareholders of record as of April 20th, 2006. The dividend is eligible to
all investors who currently hold shares and/or purchase shares in Cambodian
Ventures Limited no later than the market close on Monday April 17th, 2006.
"The decision to declare a stock dividend rewards shareholders for their
support and gives them the opportunity to increase their ownership in the
pending two spin-off subsidiaries," stated Cambodian Ventures President,
Gary Fineberg. "We are extremely excited about our corporate restructuring
plans and we look forward to closing on several mining acquisitions in
Cambodia in the very near future."
Mr. Fineberg added that the Company will continue to update shareholders
regarding mining progress and that he expects to announce the spin-off
dividend record dates within a week.
Series 1100
Safe Harbor Statement: The statements, other than the statements of
historical facts may be deemed to contain forward-looking statements with
respect to events, the occurrence of which involves risk and uncertainties,
including, without limitation, demand and competition for the company's
products and services, the availability to the company of adequate
financing to support its anticipated activities, the ability of the company
to generate cash flow from operations and the ability of the company to
manage its operations.
Contact:
Cambodian Ventures Limited
1-(978) 654-5217
http://www.cambodianventures.com
EarthFirst Technologies, Incorporated EFTI)
("EarthFirst" or "the Company") today announced the Company's results
for the fiscal year ended December 31, 2005.
2005 Financial Highlights
-- Revenue increased 172% to $41.7 million, up from $15.3 million
in 2004. Due to the timing of the Company's acquisition of
Electric Machinery Enterprises, Inc. (EME) in August 2004,
2004 revenues reflected only four month's operations of EME.
-- On a segmented basis, 2005 revenue from EME totaled $41.5
million; revenue from the Company's solid waste remediation
business totaled approximately $12,000; and revenue from its
new biofuels business totaled approximately $170,000.
-- Operating income, exclusive of non-cash charges, was
$1,423,000 in 2005, compared to an operating loss of
$1,796,000 in 2004.
-- Due largely to non-cash charges associated with a convertible
debt financing completed in 2005 and stock-based compensation
to entities affiliated with or controlled by the Company's
Chairman of the Board, net loss increased to approximately
$17.7 million, or $0.035 loss per diluted share, compared to a
net loss of approximately $2.3 million, or $0.01 loss per
diluted share.
-- As of December 31, 2005, EarthFirst had $10.4 million in cash
and receivables, $18.7 million in stockholders' equity and
$4.1 million in net working capital.
The Company has filed its Form 10KSB with the U.S. Securities &
Exchange Commission, which includes restated financial statements for
the first, second and third quarters, ended March 31, 2005, June 30,
2005 and September 30, 2005, due to a change in the accounting for the
convertible note financing transactions. The Company accounted for the
free standing warrants, embedded beneficial conversion options, and
other derivative financial instruments associated with the convertible
notes as paid in capital or equity, in accordance with accounting
interpretations at that time. During the fourth quarter of 2005, it
was determined that these derivatives should be recorded as
liabilities at estimated fair value and similarly adjusted at each
subsequent reporting period, based upon changes in the estimated fair
market of the financial derivatives.
John Stanton, Chairman and CEO of EarthFirst Technologies, Inc.,
stated, "In light of our recently announced intentions to merge
EarthFirst with Cast-Crete Corporation ("Cast-Crete"), and concentrate
our energy technologies into a separate public entity, we have focused
on defining the framework for the restructuring. We expect to commit
to a course of action in the near future that will accommodate
expedited closings of the underlying transactions."
"In the interim, I'm pleased to confirm that each of our
operational businesses is performing well," continued Stanton. "EME,
Prime Power of Tampa and Prime Power Residential continue to serve as
EarthFirst's primary sources of revenue."
Concluding, Stanton noted, "While the contemplated restructuring
of EarthFirst is complex, we remain confident that this course of
action represents the best opportunity to maximize and deliver long
term, profitable and sustainable value for our shareholders. We will
announce a timetable for the restructuring and identify milestones
within the next two weeks. At that time, the Company will also
announce the date of its teleconference for interested parties."
-0-
*T
EARTHFIRST TECHNOLOGIES, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 2005
ASSETS
Current assets:
Cash $ 1,202,480
Accounts receivable - net of allowance for doubtful
accounts of $279,500 9,232,564
Cost and estimated earnings in excess of billings on
uncompleted contracts 1,446,326
Inventory 1,613,276
Prepaid expenses and other current assets 127,735
-------------
Total current assets 13,622,381
Property and equipment, net 4,967,408
Intangible assets 15,323,152
Loan costs and discounts 635,813
Other assets 434,577
-------------
$ 34,983,331
=============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable $ 52,403
Secured convertible notes payable 2,959,536
Accounts payable and accrued expenses 5,782,182
Billings in excess of cost and estimated earnings on
uncompleted contracts 719,820
-------------
Total current liabilities 9,513,941
Secured convertible notes payable, non current 301,665
Derivative liabilities 4,722,520
Other liabilities 890,172
-------------
Total liabilities 15,428,298
Majority and minority interests 853,648
Commitments and contingencies -
Stockholders' equity:
Common stock, par value $.0001, 750,000,000 shares
authorized, 598,046,693 shares issued and
outstanding 59,804
Additional paid-in capital 87,584,713
Accumulated deficit (67,675,072)
-------------
19,969,445
Less: treasury stock (1,950,000 shares at cost) (1,268,060)
-------------
Total stockholders' equity 18,701,385
-------------
$ 34,983,331
=============
*T
-0-
*T
EARTHFIRST TECHNOLOGIES, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
YEARS ENDED DECEMBER 31, 2005 AND 2004
2005 2004
----------- -----------
Revenue $41,743,320 $15,314,892
Cost of sales 32,083,495 11,209,802
----------- -----------
Gross profit 9,659,825 4,105,090
Selling, general and administrative
expenses 7,654,036 3,425,839
Related party stock based compensation 18,260,000 -
Research and development expenses 582,430 2,474,949
----------- -----------
Loss from operations (16,836,641) (1,795,698)
----------- -----------
Other income (expense):
Gain on extinguishment of debt,
bankruptcy 4,163,740 1,298,068
Miscellaneous income, net 397,071 333,214
Derivative loss (592,521) -
Interest expense (2,760,202) (469,514)
----------- -----------
Loss before reorganization item, income
taxes and majority and minority
interests (15,628,553) (633,930)
Reorganization item, professional fees
related to bankruptcy and pursuit of
claims (1,919,288) (1,202,829)
----------- -----------
Loss before income taxes and
majority and minority interests (17,547,841) (1,836,759)
Income tax benefit - -
----------- -----------
Loss before majority and minority
interests (17,547,841) (1,836,759)
Majority and minority interests 377 (430,230)
----------- -----------
Loss from continuing operations (17,547,464) (2,266,989)
Loss on disposal of discontinued
operations (137,636)
----------- -----------
Net loss ($ 17,685,100) ($ 2,266,989)
----------- -----------
Net loss per common share:
Continuing operations ($ .035) ($ .01)
Discontinued operations - -
----------- -----------
Net loss ($ .035) ($ .01)
=========== ===========
Weighted average shares outstanding,
basic and diluted 501,999,049 264,319,455
=========== ===========
*T
About EarthFirst Technologies, Incorporated
EarthFirst Technologies, http://www.earthfirsttech.com, is a
specialized holding company engaged in researching, developing and
commercializing technologies for the production of alternative fuel
sources and the destruction and/or remediation of liquid and solid
wastes, and in supplying electrical contracting services to commercial
and government customers internationally. Through its subsidiary World
Environmental Solutions Company (WESCO), EarthFirst markets solid
waste remediation plants utilizing a proprietary Catalytic Activated
Distillation (CAVD) process, which is a superior technology developed
by EarthFirst to recycle rubber tires and other waste by heating the
material without burning it. Through its subsidiary Electric Machinery
Enterprises, Inc., http://www.e-m-e.com, the Company provides
electrical contracting services both as a prime contractor and as a
subcontractor, electrical support for industrial and commercial
buildings, power generation stations, and water and sewage plants in
the US and abroad. Through its subsidiary EarthFirst Americas, Inc.,
the Company is engaged in the global development, marketing and
distribution of biofuels.
Investors are cautioned that certain statements contained in this
document as well as some statements in periodic press releases and
some oral statement of EFTI officials are "Forward-Looking Statements"
within the meaning of the Private Securities Litigation Reform Act of
1995 (the "Act"). Forward-looking statements include statements which
are predictive in nature, which depend upon or refer to future events
or conditions, which include words such as "believes," "anticipates,"
"intends," "plans," "expects," and similar expressions. In addition,
any statements concerning future financial performance (including
future revenues, earnings or growth rates), ongoing business
strategies or prospects, and possible future EFTI actions, which may
be provided by management, are also forward-looking statements as
defined by the Act. Forward-looking statements involve known and
unknown risks, uncertainties, and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance, or
achievements expressed or implied by such forward-looking statements
and to vary significantly from reporting period to reporting period.
Although management believes that the assumptions made and
expectations reflected in the forward-looking statements are
reasonable, there is no assurance that the underlying assumptions
will, in fact, prove to be correct or that actual future results will
not be different from the expectations expressed in this report. These
statements are not guarantees of future performance and EFTI has no
specific intention to update these statements.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY TECHNOLOGY GOVERNMENT GOVERNMENT AGENCIES MANUFACTURING CHEMICALS/PLASTICS ENGINEERING NATURAL RESOURCES ENVIRONMENT EARNINGS
SOURCE: EarthFirst Technologies, Incorporated
CONTACT INFORMATION:
For EarthFirst Technologies, Incorporated, Tampa
Elite Financial Communications Group, LLC
Dodi Handy, 407-585-1080
efti@efcg.net
XLPI XcelPlus Global Holdings, Inc., a Nevada Corporation the
parent company of Xcelplus International Inc. (Pink Sheets: ),
(http://XcelPlus.com) has established a new corporation to purchase
and convert quick lube centers over to our new E85 program. Xcelplus
Lube Centers a Nevada Corporation, as well, was recently established.
The name of the new centers is yet to be released as we are still
looking for the appropriate name for the centers and will announce it
very soon.
The corporation will begin locating and purchasing lube centers in
the mid west where E85 fuel is prevalent. The centers will be able to
adapt cars to use E85 fuel with our Flextek technology from Brazil.
The Brazilians have been using ethanol for more than 20 years and have
perfected the adapters for vehicles to run on E85. The technology is
also removable in the event that the vehicle is sold in a few minutes.
The system has a switch which enables the driver to pick which fuel
they are using.
The Flextek system allows the injector to remain open a little
longer so that it will get enough fuel into the system to run
properly. At the centers we will also treat the engines with our
Xcelplus E85 Engine Protectant so that the acids associated with E85
do no harm to the motors. We will also pre clean the fuel system so
there are no future problems.
With the expansion of E85 nationally it is believed that we can
effectively service vehicles nationally with no detriment to the
environment nor the vehicles.
The centers will also offer E85 motor oils for those who already
have flex fuel vehicles.
The first centers are to be located in Minnesota, Illinois,
Indiana and Michigan, with rapid expansion plans for the nations.
More information is being made available at the XcelPlus website
at http://www.xcelplus.com .
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities and Exchange Act
of 1933, as amended, and Section 21E of the Securities and Exchange
Act of 1934, as amended, which are intended to be covered by the safe
harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. Although
XcelPlus International believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any
assumption could be inaccurate, and therefore, there can be no
assurance that the forward-looking statements included in this press
release will prove to be accurate. In light of the significant
uncertainties inherent in the forward-looking statements included
herein, the inclusion should not be regarded as a representation by
XcelPlus International Inc or any other person that the objective and
plans of XcelPlus International Inc will be achieved.
KEYWORD: NORTH AMERICA SOUTH AMERICA ILLINOIS INDIANA MICHIGAN MINNESOTA NEVADA VIRGINIA UNITED STATES BRAZIL
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE PRODUCT/SERVICE
SOURCE: Xcelplus International Inc.
CONTACT INFORMATION:
XcelPlus International Inc.
Brad Novak, Investor Relations, 949-661-5780
bnovak@xcelplus.com
http://XcelPlus.com
Imperia Entertainment, Inc. IPRE) announced today that it has issued a new letter to shareholders from its President, James Hergott. The letter reads as follows:
Dear Shareholders,
It has been a while since I wrote. The last time was briefly after our first completed film, "All That I Need" was released in theaters. As I am sure you are aware, the price of the company's common stock has fallen drastically since that time. I fully realize that as an investor, it is frustrating to see this happen. You have put your hard earned money into this company, and you wish to see it be successful. I appreciate and thank you for standing by us, in this difficult time. Now when I say difficult time, I am referring to the stock price, not the strength of the company. It is important to not confuse those two things.
I am fully aware that I am accountable to you as the president of this company. As I stated in my first letter to shareholders (this is my third), I feel that communication is very important. Now it is more important than ever. I feel that if people do not know what is going on, they assume the worst. I have seen a lot of information on the Internet and received emails and phone calls from people about the company. Some of these communications have speculated that we are operating a "scam," or "pump and dump." I can understand that people are anxious, but there is simply no need for the name-calling, and these accusations are all untrue. I will assume that those statements are a result of people assuming the worst because there has not been enough communication. I apologize for this and will do a better job of keeping you (the shareholder) informed.
For those of you who have stood by us, I very much appreciate your dedication. I know a lot of people have been let down by scams on the pink sheet and bulletin board stocks, and are quick to write off a company when the market starts to look bad.
With that in mind, I would like to give you a status update. Now keep in mind, I would rather tell you the truth, than have you speculate about the worst. I will do this even if you don't like everything I have to say. You may not like it, but at least it is the truth, warts and all. And believe me, it is far from all bad news.
I do have a conscience, and I would resign from this company if I thought that it was a scam. I do believe in this company and its products. I will do everything I can to make it a success. I can't promise you that everything will go smoothly, but I can promise to do everything I can to bring awareness and value to the company.
I will address the various investors concerns I have received in a Question and Answer format. These are the most frequent questions I have received as well as some other matters I wish to touch upon.
Q: Why has there been such drastic selling of the stock recently?
A: There are three reasons for this:
1) There has been an unusually high recent activity in common stock selling, which caused a sharp drop in stock price over the past several weeks. We are analyzing reports received from the Depository Trust Corporation and have ordered "NOBO" reports to help us conclude our investigation.
2) We had to sell a large amount of shares in order to raise extra money for our feature film, "Say It In Russian." This is a temporary situation as we are almost done filming. We went over budget in our foreign location shooting, but it has added great production value to the movie. The good news is that we have raised the necessary completion funds. Of course this is not something we did without much deliberation. It was completely necessary because an uncompleted film is not going to bring in the revenue needed to bring value to the company. The budget of "Say it in Russian" was over 20 times the budget of "All That I Need." It has named actors and is shot on 35mm film, and is a completely different type of film that appeals to the mainstream market. We have been approached by several distributors already before the film has even been finished. I have been on set and watched the footage. It has a great cast and I think will do very well. It was worth it to make this investment at this time and in my opinion will pay off significantly. We simply had no choice, as it was essential to the long-term health of the company. Movie making is expensive, but the resulting product has a long term useful life. And, after all, the whole point of this company is to make movies. We are making movies, not just talking about it. Please look on the Internet movie database website, www.imdb.com, for more information and still photographs of the film.
3) Since many of us in the company have been on set, we have not been able to communicate with shareholders. As stated above, people fear the worst when there is no communication. While shareholders may not see what is going on, I assure you that the company has been very busy the past few weeks making "Say it in Russian" the best that it can be. I believe you will be impressed with the final result. I feel if every investor saw the hard work that is being done on set, they would feel very comfortable about the company.
Q: Besides "Say it in Russian," what else is on the horizon for the company?
A: We have a number of other movies in development. I am very excited for the future of this company.
Q: What is happening with the website?
A: We have a brand new website. It is still being worked on, and the kinks being worked out, but it is up and running. I encourage you to check it out: http://www.imperiaentertainment.com
Q: Where are the latest financials, shares outstanding, etc?
A: This information will continue to be updated on www.stockinformationsystems.com. Just type in IPRE.
Q: What is the current share structure of the company?
A: The company has approximately 204,000,000 shares outstanding and 83,000,000 of those shares are restricted.
Q: As company president, do you own shares? Have you sold any?
A: Yes, I own over a million shares. I have not sold a single one.
Q: Are you confident about the future of the company?
A: Yes. I feel we are greatly underestimated. We have several projects coming up, and if even one of them is a big success it will have a huge impact on the company in my opinion.
Sincerely yours,
James Hergott
his press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Imperia Entertainment, Inc.
Imperia Entertainment Inc.
James Hergott, 310-275-0089
or
Vivian Fullerlove, 214-564-3359 (Public Relations)
musbviv@yahoo.com
Bad Toys Holdings, Inc. BTYH) announces the release of its year-end results. The Company reported net
revenues of $44. 7 million for the twelve months ended December 31, 2005 as
compared to net revenues of $3.7 million for fiscal 2004. The increase in
revenues is attributable to a full year of revenue for its Southland
division. Southland, year to year, experienced an approximate 13% increase
in revenues. The Company also reported profits year to date of $3.9
million, or $.23 per share which is compared to a net loss of ($2.1)
million or ($.25) per share for the same period last year. The Company
reported net revenues for the 4th quarter of $10.6 million in 2005 compared
to net revenues of $3.6 million for the 4th quarter of 2004. The Company's
financial statements can be accessed on the Company's website,
www.badtoysholdings.net, or www.sec.gov.
Larry N. Lunan, President and Chief Executive Officer, stated, "The Company
anticipates continued growth in both divisions in fiscal 2006 through
internal expansion and additional acquisitions." Furthering his comments,
Mr. Lunan went on to say, "We are extremely proud of what we were able to
accomplish in 2005, particularly in the 4th quarter. The Company was able
to overcome the negative impact of Katrina on our Southland division and
still achieve positive earnings. Our focus remains two-fold as we continue
to progress in 2006; as stated in our 10K filing, the Company is continuing
its emphasis on obtaining the correct debt or equity structure to eliminate
certain balance sheet deficiencies, and the continued growth of shareholder
value through increases in the Company's revenues and earnings."
Bad Toys Holdings, Inc. (BTYH) participates in two distinct business
segments.
Southland Health Services, Inc.
This division provides medical transportation services, including emergency
and non-emergency ambulance services. Our Southland Division operates in
over 200 communities within the following seven states: Mississippi,
Alabama, Florida, Louisiana, Kansas, Tennessee, and Virginia. We operate
more than 207 ambulances and wheelchair vans and employ over 940 full and
part-time employees. At our current run rate, we anticipate transporting
more than 130,000 patients this calendar year.
Bad Toys, Inc.
This division, Bad Toys, Inc., American Eagle Manufacturing Company and
Gambler Motorcycle Company, continues to design, manufacture, distribute,
service and sell custom-made, Harley-Davidson-type, V-twin motorcycles from
component parts. We also offer premium accessories, parts, customizing
items and apparel related to Harley-Davidson motorcycles on-line and
directly from our retail and factory outlets. This division participates in
Sprint Car Racing products and custom car construction & restoration. The
Company also offers brokerage services for custom cars & motorcycles.
For further information, contact Bad Toys Holdings, Inc., Larry N. Lunan,
President and Chief Executive Officer, (423) 247-9560, or Al Kau, Investor
Relations in California at (888) 795-3166. Further information about the
Company may be obtained on its website at www.badtoysholdings.net.
Certain statements in this release and other written or oral statements
made by or on behalf of the Company are "forward-looking statements" within
the meaning of the federal securities laws. Statements regarding future
events and developments and our future performance, as well as management's
expectations, beliefs, plans, estimates or projections relating to the
future are forward-looking statements within the meaning of these laws. The
forward-looking statements are subject to a number of risks and
uncertainties including market acceptance of the Company's services and
projects and the Company's continued access to capital and other risks and
uncertainties outlined in its filings with the Securities and Exchange
Commission, which are incorporated herein by reference. The actual results
the Company achieves may differ materially from any forward-looking
statements due to such risks and uncertainties. These statements are based
on our current expectations and speak only as of the date of such
statements. The Company undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of future events,
new information or otherwise.
Contact:
For further information, contact:
Bad Toys Holdings, Inc.
Larry N. Lunan
President and Chief Executive Officer
(423) 247-9560
Al Kau
Investor Relations in California
(888) 795-3166
http://www.badtoysholdings.net
Banyan Corporation BANY) is
pleased to announce record revenues for the first quarter of 2006.
Consolidated revenues from Banyan subsidiary companies, Chiropractic USA,
Diagnostic USA, plus the recently acquired Premier Medical Group LLC, were
approximately $1,135,000 (unaudited) vs. $152,000 for the same quarter last
year, an increase of over $983,000. This substantial jump in revenues was
driven principally through the addition of revenues from our newest
addition to Banyan -- Premier Medical group, effective February 10, 2006 as
well as a significant increase in Chiropractic USA royalty income.
Commenting on the first quarter revenue numbers, Banyan CEO Michael Gelmon
said, "Topping the million dollar mark for revenue for the quarter is a
significant achievement for Banyan Corporation. We continue to see the
strong impact on our top line revenues from our recent acquisition of
Premier Medical Group. We are also pleased with the revenue growth in our
Chiropractic USA subsidiary. Based on current projections, we expect Banyan
to be profitable by the 2nd Quarter of this year."
For more information on Chiropractic USA and Diagnostic USA, contact Banyan
Corporation Investor Relations toll-free at (800) 808-0899 or visit
www.chiropracticUSA.net.
About Banyan Corporation
Banyan Corporation is a publicly traded holding company focused on
investing in and building a network of operating subsidiaries engaged in
various innovative businesses. Currently the company's subsidiary,
Chiropractic USA, Inc. is focusing on the development of branded
chiropractic clinics throughout North America by way of franchising
chiropractic clinics under its marks and uniform operating systems and
practices. The company's other subsidiaries; Premier Medical Group LLC, and
Diagnostic USA, Inc. provide diagnostic testing to physicians nationwide.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in
this press release (as well as information included in oral statements or
other written statements made or to be made by Banyan Corporation) contains
statements that are forward-looking, such as statements relating to the
future anticipated direction of the high technology industry, plans for
future expansion, various business development activities, planned capital
expenditures, future funding sources, anticipated sales growth and
potential contracts. Such forward-looking information involves important
risks and uncertainties that could significantly affect anticipated results
in the future and, accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of Banyan
Corporation. These risks and uncertainties include, but are not limited to,
those relating to development and expansion activities, dependence on
existing management, financing activities, domestic and global economic
conditions, changes in federal or state tax laws, and market competition
factors. For a description of additional risks and uncertainties, please
refer to Banyan's filings with the Securities and Exchange Commission.
Contact:
Michael Gelmon
CEO
Banyan Corporation
(800) 808-0899
e-mail: adavis@chiropracticusa.net
http://www.ChiropracticUSA.net
Trend Mining Company (OTCBB:TRDM) is
pleased to announce that gold production commenced last week at Andacollo,
Chile. The mine owners advised Trend today that full settlement at the refinery
should occur on or before April 21, and Trend should expect its first check from
its royalty interest to be due by May 25, 2006.
Gold income from Andacollo will provide Trend its first operating revenues.
Andacollo should produce 57,800 ounces of gold in 2006, and, whereas the first
gold was poured earlier than Trend expected, the owners advise Trend to count on
budgeted gold production to be conservative. Projections for the balance of gold
production from the +300,000 oz. resource have not yet been provided to the
Company. Trend's 1% net smelter returns royalty, at current gold prices of $580
per ounce of gold, should pay Trend this year well in excess of $300,000
(pretax). Trend's CEO, Thomas Loucks, said, "The advent of gold production and
revenue is welcome news for Trend. On other fronts, the Company's biggest upside
remains the uranium exploration program in Saskatchewan, and its nearest term
exploration success will be the Mouat nickel-copper deposit at Stillwater,
Montana."
The Company's mineral assets are the royalty on Andacollo, its major land
position in the uranium-rich Athabasca Basin of Saskatchewan, its right to earn
a 50% interest in a known and potentially significant nickel-copper resource
with potential credits in platinum, palladium, and cobalt at Stillwater in
Montana, and Trend is vetting inquiries from several parties who are interested
in exploring Lake Owen in Wyoming (platinum group metals and
iron-titanium-vanadium potential) and Peter Lake, Saskatchewan (nickel-copper
and platinum group metals).
The Mouat Nickel-Copper deposit at Stillwater, Montana, will be Trend's focus
for the balance of 2006. It appears to offer Trend's shareholders their best
potential for near term exploration success. Whereas Trend entered into an
option agreement with Aurora Metals (BVI) Limited with the intent to conduct
exploration along horizons lying south of Stillwater's operating
platinum-palladium mine, today's metal prices caused Trend to realize that the
Mouat already offers potential for a significant resource without having to make
a discovery. Published estimates of mineralized material (U.S. Geological Survey
"resources" (1993)) vary from 92.0 million tons at 0.27% Ni and 0.29% Cu as a
global estimate or 23.1 million tons at 0.62% Ni and 0.45% Cu). Trend is
currently assessing the historical data for purposes of mounting an underground
drilling program on this resource this summer, based from the historic Mouat
tunnel which was driven by Anaconda in the 1970s to explore the resource at that
time.
The uranium deposits in Saskatchewan are the richest in the world, and Trend's
Diabase Peninsula project bears important geologic similarities to
Saskatchewan's high grade McArthur River mine (437 million pounds at a grade of
25% U3O8), which was discovered by the geologist who is the underlying owner of
Diabase Peninsula. Trend's project is being explored under an agreement with
Nuinsco Resources which can earn 50% in the project through its current drilling
program. Nuinsco has advised Trend that it has already intersected anomalous
uranium and will follow with additional drilling this spring and summer. Uranium
presents Trend's shareholders with a large upside.
Trend Mining Company is a diversified, U.S.-based minerals company that offers
investors exposure and leverage to discovery of precious and base metals.
Trend's properties include its royalty interest in the Andacollo gold mine in
Chile, along with a compelling portfolio of uranium, PGM and base metal
exploration projects in the United States and Canada. Trend is led by highly
qualified management and a strong Board of Directors. Trend stock trades on the
OTC Bulletin Board (OTCBB:TRDM).
Throughout this press release, there are forward-looking statements and
assumptions made by management within the meaning of Section27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934
and are subject to the safe harbor created by those sections. Factors that could
cause results to differ materially from those projected are, but not limited to,
adverse price fluctuations of underlying metals, the company's ability to
acquire and develop properties, competition from larger more established
companies, the ability to finance future acquisitions and projects, and
governmental regulation. Trend Mining Company believes that the projects it has
entered into and those it will enter into show promise, but there can be no
guarantee of that. This press release is for informational purposes only and
should not be construed as an offer to solicit, buy, or sell any security.
CONTACT: Trend Mining Company
Thomas Loucks, President & CEO
(303) 798-7363
www.trendmining.com
Transax International Limited TNSX , a network solutions company for healthcare providers and health
insurance companies, today reported record financial results for the fiscal
year ending December 31, 2005.
For the year ending December 31, 2005, Transax generated net revenues of
$3,380,150 compared to $1,199,900 in net revenues during fiscal year ended
December 31, 2004. The significant increase in revenues of 182% is due to
the widespread success of the Company's network solutions and the continued
rollout of new software contracts. The increase in revenue was reflected
by a substantial increase in "real-time" transactions, to 6.5 million in
2005, a 132% increase from 2.8 million in 2004.
Loss from operations in 2005 was $163,384 compared with $1,126,163 during
2004. Net loss in 2005 was $714,722, or ($0.02) per share, compared with a
net loss in 2004 of $1,792,255, or ($0.10) a share.
For the year ending December 31, 2005, the Company incurred $3,543,534 in
operating expenses compared to $2,326,063 in operating expenses during
fiscal year ended December 31, 2004. The increase was a result of higher
product costs to support the Company's rollout of new service contracts.
Detailed financial statements are presented in the Company's Form 10-KSB
filed with the Securities and Exchange Commission.
Stephen Walters, President & CEO of Transax stated, "During the year we
made significant strides in our business strategy. We executed on every
level -- increasing revenues dramatically while slashing our operating loss
to near break-even levels. As of year end, we have installed 5,350
solutions, up from 3,500 at the end of 2004 -- representing an increase of
more than 52%. In addition, we have benefited more recently from higher
transaction fees; this increase will also be reflected with the rollout of
recently announced projects throughout 2006." Mr. Walters continued, "We
begin 2006 with strong momentum throughout Brazil, and are beginning to
respond to inquiries in additional markets, including the U.S."
About Transax International Limited
Transax International is an emerging network solutions provider for the
healthcare sector. Utilizing its proprietary MedLink(TM) technology,
Transax provides a service similar to a credit card processing for the
health insurance and providers industries. A Transax transaction consists
of: approving eligibility, authorization, auto-adjudication of the health
claim and generating the claim payable files -- provided instantaneously in
"real time" -- regardless of method of claim generation.
Transax's solutions have been proven to significantly decrease health
insurance claim expenditures and healthcare provider costs. Based in Miami,
Fl, Transax maintains a major operations office in Rio de Janeiro, Brazil
with approximately 35 staff. The Company has contracts in place with major
health insurers in Brazil for up to 2,500,000 transactions per month and
currently undertakes approximately 600,000 transactions per month, for
which Transax receives approximately $0.55 cents per transaction.
SAFE HARBOR STATEMENT "THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES
SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING
CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE
COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF
VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE
MADE UNDER THE 'SAFE HARBOR' PROVISIONS OF THE UNITED STATES PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND
UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN."
Contact:
David Sasso
Vice President -- Investor Relations & Corporate Communications
305.629.3090
Email Contact
http://www.transax.com
John Tsemberides
ROI Group Associates, Inc.
212-495-0743
Email Contact
http://www.roiny.com
ICOA, Inc. ICOA), a national provider of wireless broadband Internet networks and managed services in
high-traffic public locations, announced today that it has signed a Letter
of Intent to acquire 100% of the stock of CTURN Corporation, a high-speed
wireless broadband network service provider headquartered in Salem, Oregon.
The proposed transaction is subject to the execution of a definitive
agreement, and is contingent upon ICOA's ability to refinance a significant
portion of debt with third-party creditors.
"ICOA has been studying the fixed wireless and Wi-Max marketplace for some
time. We feel that CTURN's rural market strategy is the right plan at the
right time and complements ICOA's long-term strategy," said Rick
Schiffmann, CEO of ICOA.
"Pat Turnidge and his team have developed a comprehensive and well-financed
business model that is already receiving significant traction in their
developmental markets," said Stephen Cummings, ICOA's CFO. "I look forward
to expeditiously closing this transaction."
Pat Turnidge, President of CTURN Corporation, said, "I am extremely excited
to be working with ICOA. As we began to look at ICOA's strong back-office,
operational, and engineering capabilities, combining the wireless
deployment and operational experience of ICOA's team with CTURN's strong
position in the rural fixed wireless arena was an obvious step. This
proposed transaction greatly enhances CTURN's development schedule."
About ICOA, Inc.
ICOA, Inc. is a national provider of neutral-host wireless and wired
broadband Internet networks in high-traffic public locations. ICOA provides
design, installation, operations, maintenance and management of neutral,
common-use 802.11x standard WLAN Wi-Fi hot spot and hot zone infrastructure
throughout airport facilities, quick-service restaurants, universities,
travel plazas, marinas, hospitality and municipal/hot zone locations. ICOA
owns or operates over 1,500 broadband access installations in high-traffic
locations across 45 states. For additional information, visit
http://www.icoacorp.com. To subscribe to ICOA's email alert system, please
send an email to: news-subscribe@icoacorp.com.
For more information regarding ICOA, contact Erwin Vahlsing, Jr., VP
Finance at (401) 352-2310 or email evahlsing@icoacorp.com.
About CTURN Corporation
CTURN Corporation is a Wireless Broadband Network Service Provider. Our
vision is to use today's most advanced technologies to provide world-class
service and products for our clients. We are committed to fast, secure and
reliable broadband wireless service, unsurpassed customer care, and
value-added programs designed to enhance the economic development of rural
America.
The foregoing contains "forward-looking statements" which are based on
management's beliefs, as well as on a number of assumptions concerning
future events and information currently available to management. Readers
are cautioned not to put undue reliance on such forward-looking statements,
which are not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside ICOA's control
that could cause actual results to differ materially from such statements.
For a more detailed description of the factors that could cause such a
difference, please see ICOA's filings with the Securities and Exchange
Commission. ICOA disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise. This information is presented solely to provide
additional information to further understand the results of ICOA.
For more information regarding ICOA, contact:
Erwin Vahlsing, Jr.
VP Finance
(401) 352-2310
evahlsing@icoacorp.com
View Systems, Inc. VYST), a leading homeland defense solutions provider, announced today a new addition to the
VFR (Visual First Responder) line of products.
The original VFR is a sought-after product for Hazmat technicians. The need
to have steady, wireless video has been clearly indicated by the response
communities. Many tactical units, in addition to search and rescue teams,
have asked View to develop an additional product suited to their needs. The
VFRM2 addresses those specific needs and provides more performance while
maintaining mission flexibility.
"The M2 stands for multi-mission," states Homeland Defense Products
Manager, Dave Johansen. "The VFRM2 is a 'hands-free' system which is what
S.W.A.T. members have asked for. We have received a tremendous amount of
input from first responders, and they have helped us design a real winner."
The VFRM2 has multiple video inputs to allow several capabilities in the
same mission such as thermal imaging and flexible neck camera usage. The
VFRM2 can provide video when the situation will not allow standard wireless
transmission; for example, collapsed structures or high interference
environments. The VFRM2 maintains the excellent wireless range coupled with
the heavy video encryption and rugged construction first seen in the
original VFR.
The VFR was selected by R&D Magazine as one of the 100 Most Technologically
Significant New Products of the Year. VFR enables commanders to witness
frontline activity "live." According to www.avem.org, R&D Magazine is a
news-oriented publication that reaches more than 90,000 scientists and
engineers. The publication "reports and analyzes leading-edge scientific
and technological discoveries that drive product and process development
across all industries (www.avem.org)."
View Systems CEO, Gunther Than, states, "The VFRM2 has applications in many
more market segments than the original VFR. We are also integrating a
state-of-the-art multi-sensing technology that will shake the market and
set View Systems apart. The VFR series is a success in the homeland defense
market."
About View Systems, Inc.
View Systems, Inc. provides products to law enforcement, military,
government agencies, educational facilities, hotels, event and sport
venues, and commercial businesses. View Systems has a network of
distributors, licensees and strategic alliance affiliates. View Systems,
Inc. designs and develops computer software and hardware used in
conjunction with surveillance capabilities for government and law
enforcement agencies, commercial security professionals, private businesses
and residential consumers. The SecureScan system utilizes a technology
that senses disturbances in the Earth's magnetic field such as those caused
by potential threat objects passing through the portal. The Company's
product line consists of the SecureScan II Concealed Weapons Detection
System, Visual First Responder, and biometric recognition products. View
Systems has recently integrated a precision optical biometric fingerprint
terminal with the SecureScan product.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors
are cautioned that certain statements in this release are "forward-looking
statements" and involve both known and unknown risks, uncertainties and
other factors. Such uncertainties include, among others, certain risks
associated with the operation of the company described above. The Company's
actual results could differ materially from expected results.
Contact:
Investor Relations
Elite Equity Marketing
John Campo
Principal
Tel: 410-321-5454
Email: info@eliteequitymarketing.com
View Systems, Inc.
www.viewsystems.com
877-VIEW INC
UPDA Representatives of UPDA Petroleum Trading, Inc.(a
subsidiary of Universal Property Development and Acquisition
Corporation) (OTCBB:) met on Friday in Brownsville, Texas with
representatives of Procesadora Industrial Petrocemica, S.A.D.C.V. in
order to finalize the terms of their agreement for the acquisition and
daily delivery of crude oil condensate produced by Petroleos Mexicanos
(PEMEX) (www.pemex.com).
Procesadora Industrial Petrocemica, S.A.D.C.V. presently has the
exclusive authority to sell condensate produced by PEMEX.
As a result of this meeting, UPDA Trading has arranged for the
lease of a storage facility at the Port of Brownsville at which UPDA
trading will receive daily delivery of the condensate. UPDA Trading
has also acquired testing equipment to be utilized to determine the
quality, specific gravity, sulfur content and viscosity of the product
upon delivery.
It is expected that the final agreements will be executed at the
parties' next meeting scheduled for Wednesday, April 5 and that the
initial delivery will be received by UPDA Trading before the end of
this week.
The trading activity of UPDA Petroleum Trading, Inc. will be
reported together with all well production at
www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation
(OTCBB:UPDA) focuses on the acquisition and development of proven oil
and natural gas reserves and other energy opportunities through the
creation of joint ventures with under-funded owners of mineral rights
and leases and cutting-edge technologies.
About PEMEX
Petroleos Mexicanos (PEMEX) is Mexico's state-owned, nationalized
petroleum company. PEMEX not only fuels Mexico's automobile engines,
the company also fuels the nation's economy, accounting for some
one-third of the Mexican government's revenues and 7% of its export
earnings. The integrated company's operations, spread throughout
Mexico, range from exploration and production to refining and
petrochemicals. PEMEX's P.M.I. Comercio Internacional subsidiary
manages the company's trading operations outside the country. PEMEX
has proved reserves of 16 billion barrels of oil and 14.8 trillion cu.
ft. of natural gas.
Statements contained in this press release that are not based upon
current or historical fact are forward-looking in nature. Such
forward-looking statements reflect the current views of management
with respect to future events and are subject to certain risks,
uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize or should underlying assumptions prove
incorrect, actual results may vary materially from those described
herein as anticipated, believed, estimated, expected, or described
pursuant to similar expressions.
Note to Editors: There should be an accent mark over the first "o"
in "Petroleos."
KEYWORD: NORTH AMERICA CENTRAL AMERICA FLORIDA TEXAS UNITED STATES MEXICO
INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES MERGER/ACQUISITION
SOURCE: Universal Property Development and Acquisition Corporation
CONTACT INFORMATION:
Universal Property Development and Acquisition
Corporation
Investor Relations:
Bradford Moore, 561-630-2977
info@updac.com
Tara Gold Resources Corp. TRGD) is pleased to announce that an initial payment has been made to acquire 100%
interest in 23 concessions known as the Las Minitas Property, totaling 826
Hectares. The Property is located in Sonora, Mexico, approximately 40 air
kilometers northwest of the town of Alamos. The property lies at the
western edge of the province known as the Sierra Madre Occidental
gold-silver belt where a number of successful gold/silver exploration
projects are ongoing.
Between 1993 and 1995 Minera Aguila Canadiense S.A. de C.V. (MAC), a wholly
owned subsidiary of War Eagle Mining Company, conducted a surface chip
sampling program on the property and found results sufficiently encouraging
to option four claims that covered what was then considered to be the area
of economic interest. Subsequently the property has seen work programs that
have included a 9 hole, phase I, 929 meter reverse circulation drilling
program, two geochemical soil sampling surveys that totalled 722 samples,
and a 27 hole, phase II, 2,430 meter reverse circulation drilling program.
Tara Gold will focus its initial efforts on the validation of the previous
exploration work completed by War Eagle that outlined three wide, high
grade, lode-type mineralized bodies: the North, Central, and El Negro
zones, with postulated strike lengths of 400, 500, and 700 meters
respectively. Tara Gold considers these three zones to be outstanding
precious metal exploration targets and is currently developing a plan to
confirm previous findings and conduct a focused sampling and drilling
program.
Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "I
believe we have acquired a property that holds tremendous value for Tara
Gold shareholders. I look forward to validating and advancing the results
achieved by previous work."
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a precious metals exploration and development
company with existing production. It is management's objective to become a
significant gold and precious metals producer by increasing our current
production at La Currita and developing the San Miguel, La Millionaria, and
Las Minitas projects in Mexico, and by acquiring other advanced-stage
projects and/or producing mines in one of the most prolific precious metal
districts in the world. For more information, please visit the Company's
web site at: www.taragoldresources.com
The information contained in this news release has been reviewed, approved,
and deemed relevant by Michael Sandidge P Geo., the qualified person, as
defined under National Instrument 43-101.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays
beyond the company's control with respect to market acceptance of new
technologies or products, delays in testing and evaluation of products, and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
Contact:
Tara Gold Resources Corp.
OTC: TRGD.PK
Website: http://www.taragoldresources.com
E-mail: president@taragoldresources.com
Corporate Office: 630-462-2079
Investor Relations: 503-465-1983
BDCO ?
Vision Works Media Group, Inc. VWKM) and wholly owned subsidiary New Screen Television, Inc. announce that New
Screen Television launched nationally on Saturday, April 1st, 2006 at
8:00 PM via the SES-Americom AMC 10 Satellite.
"The launch of the national signal feed of New Screen TV enables
viewers across the entire continental U.S. to enjoy New Screen TV,"
said Mark Astrom, New Screen TV's President. "This is a tremendous
moment in the company's successful growth and expansion. New Screen TV
is now available to any and all satellite, cable and fiber-to-the-home
system operators in the U.S. New affiliates will join Optical
Entertainment Network, Auroras TV, and Eagle Broadband as a part of
New Screen TV's growing roster of affiliates. Distribution via the
SES-Americom AMC-10 satellite fulfills one of the major goals toward
meeting the company's stated ultimate goal of monthly income of
$2,000,000 from the sale of New Screen TV as a basic channel to
affiliates across the U.S."
New Screen TV has been able to make the move after switching from
a local-only broadcaster to a nationally distributed 'basic cable'
channel in Q1 of this year. The channel's signal is distributed via
the SES Americom AMC-10 satellite to cable, satellite and
fiber-to-the-home systems around the U.S. New Screen TV is a 'basic
channel' on these systems that is available to all subscribers.
-0-
*T
See references:
http://www.newscreen.tv
http://www.ses-global.com/ses-global/siteSections/mediaroom/archive/
2004_pub/04_05_04/index.php
http://www.lockheedmartin.com/wms/findPage.do?dsp=fec&ci=14371&rsbci=
0&fti=111&ti=0&sc=400
Note: Due to their lengths, the above URLs may need to be
copied/pasted into your Internet browser's address field.
Remove the extra space if one exists.
*T
This press release does not constitute an offer of any securities
for sale. This press release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ, including, without
limitation, the company's limited operating history and history of
losses, the inability to successfully obtain further funding, the
inability to raise capital on terms acceptable to the company, the
inability to compete effectively in the marketplace, the inability to
complete the proposed acquisition and such other risks that could
cause the actual results to differ materially from those contained in
the company's projections or forward-looking statements. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking statements
to reflect events or circumstances occurring after the date of this
press release.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES TV AND RADIO
SOURCE: Vision Works Media Group, Inc.
CONTACT INFORMATION:
Vision Works Media Group, Inc., Ocala
Naseem Shah, 407-401-8935
Fax: 407-843-5997
http://www.vswm.com
Applied DNA Sciences, Inc. APDN), a DNA security solutions company, today
announced the collaboration between its sub-licensee, Biowell Technology
Inc.(Suzhou) ("Biowell"), and Yang Cheng Mitten Crab Association ("YCMCA") to
apply DNA encryption technology to protect Yang Cheng Mitten Crabs from
counterfeiters.
According to YCMCA, 2005 gross sales of Yang Cheng Mitten Crabs were
estimated at $250 million USD (or $2 billion CNY). Depending on the size of
the mitten crab, the unit cost per crab is between $10 and $20 USD.
"The high demand in China for Yang Cheng Mitten Crabs as a gourmet
delicacy has led to rampant brand imitation and counterfeiting," stated Dr.
Jun-Jei Sheu, Chairman and CEO of Biowell. "The real issue here is that
traditional anti-counterfeit methods do not seem to provide sufficient
protection against brand imitators. We believe that an integrated, total
security approach is needed that involves collaboration with YCMCA and the
Chinese Government."
In May 2005, the Chinese government issued bulletin No.71 aimed at
protecting Yang Cheng Mitten Crabs, and the natural water areas they inhabit.
This bulletin stipulated that the only breed of mitten crabs that would be
considered genuine Yang Cheng mitten crabs would be the Chinese Mitten Crab
(Eriocheir sinensis). YCMCA is the primary Chinese governmental agent
responsible for the implementation of bulletin No. 71 and is authorized to
certify and authenticate Yang Cheng Mitten Crabs. Since the issuance of
bulletin No.71, YCMCA has incorporated the use of DNA encrypted ink on the
label of each packaged case of Yang Cheng Mitten Crabs, and the stapling of a
DNA labeled ring on a claw of each Yang Cheng Mitten Crab, which provides
another way to visually identify the Yang Cheng Mitten Crab brand and protect
it from counterfeit and imitation. Only crabs that have the YCMCA "origin
production mark" label will be considered authentic Yang Cheng Mitten Crabs.
Dr. James A. Hayward, CEO of Applied DNA Sciences, said, "Yang Cheng
Mitten Crabs mark our entry into food protection, and are a great example of
how we can work with companies and governments to develop a cohesive anti-
counterfeit program. We believe that the scope of opportunity for our
technology is vast and that many more companies may benefit from the added
security and value that our technology provides."
About Applied DNA Sciences, Inc.
Applied DNA Sciences, Inc. (APDN) develops proprietary DNA-embedded
security solutions that use plant DNA to verify authenticity and protect
corporate and government agencies from counterfeiting, fraud, piracy, product
diversion, identity theft and unauthorized intrusion into physical plant and
databases. Our common stock is listed on the Over-The-Counter Bulletin Board
under the symbol "APDN". Contact: MeiLin Wan, Applied DNA Sciences, Inc., 25
Health Sciences Drive, Stony Brook, New York 11790; Tel: 631-444-6861; Fax:
631-444.8848; E-mail: info@adnas.com
www.ADNAS.com.
The statements made by Applied DNA Sciences, Inc. in this press release
may be forward-looking in nature and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements describe the Company's future plans, projections,
strategies and expectations, and may be identified by words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates" or words
of similar meaning. These forward-looking statements are based on assumptions
and involve a number of risks, uncertainties, situations and other factors
that may cause our or our industry's actual results, level of activity,
performance or achievements to be materially different from any future
results, level of activity, performance or achievements expressed or implied
by these statements. These factors include changes in interest rates, market
competition, changes in the local and national economies, and various other
factors detailed from time to time in Applied DNA Sciences' SEC reports and
filings, including our Annual Report on Form 10-KSB, filed on January 12,
2006, and subsequent Quarterly Reports on Form 10-QSB and Current Reports on
Form 8-K. The Company undertakes no obligation to update publicly any
forward-looking statements to reflect new information, events or circumstances
after the date hereof to reflect the occurrence of unanticipated events.
SOURCE Applied DNA Sciences, Inc.
Contact Information:
MeiLin Wan of Applied DNA Sciences, Inc., +1-631-444-6861, or fax, +1-631-444.8848, or info@adnas.com
WebSite:
http://www.adnas.com
Paid, Inc. PAYD) today announced its financial
results for the year ended December 31, 2005 with a record increase in
revenues of 165% over the previous year and dramatically improved
revenues for a second consecutive year. In 2005, Paid, Inc. had gross
revenues of $4,920,100 compared to $1,853,000 in 2004 -- an increase
of approximately $3,067,600
The primary reason for the increase in revenues was the celebrity
services business' sales of ticket and fan experience packages, fan
club memberships and merchandise related to the start of a tour by a
major performing artist client in late October 2005. Paid also noted
higher revenues from its sports marketing business. This was offset by
a decline in sales of the Company's sports and Hollywood memorabilia
product as the Company shifted its focus from online auction sales of
these products to the more lucrative celebrity services business.
"We are extremely pleased with the growth of our celebrity
services business in 2005 and the fact that our investment in ramping
up to service major performing artists is starting to pay off for the
company," said Greg Rotman, CEO of Paid, Inc. "Although our client's
first tour commenced about four months later in 2005 than we
originally anticipated, the consumer demand for our products and
services related to the tour met our expectations and served to prove
our business model. We have a highly scaleable business model and
expect to realize economies of scale as we expand our client base of
performing artists with major tours and other programs."
Revenue Sources
For 2005, Paid's Celebrity Services business generated revenues of
$3,228,400 from fan experience packages, fan club memberships and
related merchandise and $357,200 from sports marketing revenues
accounting for 66% and 7 % of total revenues respectively, compared to
celebrity services revenues of $126,500, 7% of gross revenues, and
sports marketing revenues of $90,200, 5% of gross revenues, in 2004.
Sales of the Company's own product and fees from buyers and sellers
through the Company's Rotman Auction operations declined to
$1,299,800, 26% of revenues, in 2005, from $1,613,500 or 87% of gross
sales in 2004. Revenues from advertising and web hosting fees were
$33,900, less than 1% of gross revenues, in 2005, compared to $17,500,
or 1% of revenues, in 2004.
Gross Margin Increases 116%
Gross margin from total sales in 2005 was $1,487,500, a 116%
increase over gross margin of $689,600 in 2004. Gross margin from
Company owned product sales in 2005 was approximately $433,600,
$177,300 less than in 2004. Since gross margin percentages on Company
owned product were 5% less and sales of Company owned product were
$313,700 lower in 2005, the Company produced $177,300 lower gross
margin dollars in 2005. The decrease in sales and gross margin is
attributable to a management decision to streamline sales channels for
company owned product and, in turn, terminating sales on eBay, in an
effort to reduce related overhead.
Operating Expenses
Total operating expenses for 2005 were $4,561,400 compared to
$4,272,100 for 2004, an increase of only $289,300. Sales, general and
administrative (SG&A) expenses increased $524,000 to $4,016,200 in
2005 due to increases in payroll, travel, credit card commissions,
postage, shipping and professional fees which were principally
attributable to celebrity services for the tour of a major performing
artist. This was offset by decreases of $187,800 in
depreciation/amortization and $234,600 in planning, maintaining and
operating the company's web sites.
"During 2005, we signed contracts with two artists and multiple
sports celebrities and made considerable investments in personnel and
other resources to ramp up our celebrity services business," Mr.
Rotman noted. "We expect staff growth to proceed at a slower pace as
our client base expands due to efficiencies of scale. We expect
related costs for travel, postage, tickets and so on to be a
relatively consistent percentage of total revenues for each artist's
fan club, providing that travel and postage vendors keep their rates
steady. We believe that these costs will be more than amply offset
with ticket and fan experience package, merchandise and membership
revenues. As projected earlier, the many technology costs and related
technical staff associated with fan club tour ticketing were one-time
charges that are now behind us with the exception of ongoing
maintenance and regular upgrades."
Interest Expense, Long Term Debt Decreases
The company had interest expenses of $294,800 in 2005 compared to
$497,300 in 2004, a decrease of $202,500. As of December 31, 2005 the
Company has outstanding $1,150,000 of convertible debt through a
Series B note with Augustine Fund LLC. During the fourth quarter of
2005, Paid did not receive any conversion requests from Augustine Fund
with respect to the Series B note.
During the first quarter of 2005, the balance of the Series A note
with Augustine Fund in the amount of $251,900 was settled through
conversions to common stock.
Assets
At yearend 2005, total assets were $4,229,600 compared to
$1,764,900 in 2004. The 140% increase was primarily due the $999,800
remaining balance of the acquisition of a large collection of movie
poster inventory and cash and deferred expenses totaling $1,880,000
associated with sales of tickets to entertainment events to be held
during the first quarter of 2006, offset by depreciation and
amortization totaling $805,800. Paid also reports a related liability
to customers, in the form of deferred revenues, at yearend, 2005 of
$2,305,300.
Net Loss
The Company realized a net loss for 2005 of $3,100,700 compared to
a loss of $4,079,700 for 2004. Losses in both years represented $.02
per share.
"As in the past, a very large part of our net loss for the year is
not a cash loss, but due to large depreciation and amortization
charges related to our property, equipment and other intangible
assets," said Richard Rotman, CFO and COO of Paid, Inc.
Operating Cash Flows
A summarized reconciliation of the Company's net losses to cash
used in operating activities for the 2004 and 2003 is as follows:
-0-
*T
2005 2004
----------------- ----------------
Net loss $(3,100,700) $(4,079,700)
Depreciation and amortization 805,800 1,077,900
Amortization of beneficial
conversion
Discount and debt discount 103,900 291,500
Common stock issued in payment
services 1,632,500 1,401,500
Common stock issued in payment of
interest 137,200 315,200
Net current assets and liabilities
associated with advance ticketing $1,749,000 --
Call options (268,000) --
Changes in current assets and
liabilities 356,400 264,900
----------------- ----------------
Net cash used in operating
activities 1,416,100 $(728,700)
================= ================
*T
Working Capital and Liquidity
Paid had cash and cash equivalents of $1,503,000 at yearend 2005,
an increase of 246% compared to $43,500 at yearend 2004. The Company
had $152,300 of working capital at yearend 2005 compared to a deficit
in working capital of 542,800 at yearend 2004. Current liabilities at
the close of 2005 were $3,787,700 compared to $1,446,000 at December
31, 2004. Current liabilities increased at the close of 2005 compared
to 2004 primarily due to deferred revenues of $2,305,000 associated
with events scheduled for the first quarter of 2006.
To access the entire contents of Paid, Inc.'s 2005 10-KSB Annual
Report, go to www.sec.gov and enter PAYD in the ticker field.
Update and 2006 Guidance
"Celebrity services' sales of ticket and fan experience packages
were very strong in fourth quarter 2005 and first quarter 2006," said
Greg Rotman. "The last shows in March and April 2006 of a planned tour
were cancelled due to illness. Paid is offering various refund options
to its customers. The revenues from shows that occurred in January and
February will be recognized as revenues in first quarter 2006."
Mr. Rotman added, "Another Paid client expects to begin touring in
May. Paid is coordinating VIP ticket packages and fan club memberships
for that artist. Ticket sales for that tour are already underway and
will be recognized as revenue when the events take place in future
quarters."
Paid's sports marketing business grew steadily in 2005, with
Kristen Kuliga serving as an NFL player agent for 10 players at
yearend 2006. Additionally, Paid expanded its client roster for other
sports marketing and event management services. The Company's sports
marketing and event management services complement our celebrity
services offering and create synergies that benefit both areas.
Rich Rotman noted, "In early 2005, we made the decision to shift
our sales of sports and Hollywood memorabilia off of eBay and sell
through various retain means, charity auctions, dealers and
distributors to decrease the associated overhead and free up valuable
resources. We successfully transitioned some employees previously
involved in servicing our eBay auctions into other, higher margin
activities in our celebrity services business. We anticipate that we
will continue to utilize our current sales channels to sell the sports
memorabilia received as in-kind payments from certain sports celebrity
web sites and company-sponsored autograph signing events."
Paid continues to work with the U.S. Patent & Trademark Office
(USPTO) through its patent attorneys at Hunton & Williams regarding
its pending patent application for online auction shipping calculation
technology.
Greg Rotman concluded, "We made significant investments in 2005 to
build the platform for Paid's future growth. During 2006, we are
leveraging these investments to help us achieve our goals of expanding
our client base, increasing revenues and progressing toward
profitability."
About Paid, Inc.:
Paid, Inc.'s celebrity services provides famous people with
official web sites and fan club services that include e-commerce
storefronts, ticketing and fan experience packages, and web site
content to attract tens of thousands of visitors daily. The Company
also sponsors autograph signing events and other sports marketing
services for sports clientele. Using proprietary patent-pending
technology, Paid's innovative AuctionInc brand shipping calculation
and auction management software and services are utilized to
streamline online auctions, ecommerce and web site development and
hosting. For further information, visit http://www.paid.com.
Forward Looking Statements:
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 that are based upon current
expectations or beliefs, as well as a number of assumptions about
future events, including matters related to the Company's operations
and expectations for activities with major celebrity clientele,
merchandise sales and the patent application. Although the Company
believes that the expectations reflected in the forward-looking
statements and the assumptions upon which they are based are
reasonable, it can give no assurance that such expectations and
assumptions will prove to have been correct. The reader is cautioned
not to put undue reliance on these forward-looking statements, as
these statements are subject to numerous factors and uncertainties. In
addition, other factors that could cause actual results to differ
materially are discussed in the Company's most recent filings,
including Form 10-KSB with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA MASSACHUSETTS UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT TECHNOLOGY INTERNET SOFTWARE PROFESSIONAL SERVICES EARNINGS
SOURCE: Paid, Inc.
CONTACT INFORMATION:
Accentuate PR for Paid, Inc.
Julie Shepherd, 815-479-1833
Julie@paid.com
Med Gen Inc. MGEN), manufacturers of the national
brands Snorenz(R), snore relief throat spray; Painenz(R), roll on pain
relief formula; Undiet(TM) weight loss system and Good Nights
Sleep(R), sleep aid throat spray, announced today that it has settled
a two year Judgment claim won by former distributors.
The Settlement reduces the amount of the claim from $4 million to
$1.25 million and provides for "payments over time" in an extended
28 month period. The Settlement also provides for a substantial
discount of 10% should the company wish to pre-pay the full amount of
the Settlement or the balance remaining at anytime during the 28 month
payment period. The final portion of the judgment is the issuance of
15 million restricted shares with a registration provision and a
"guarantee put" at the sole discretion of the company valued at
$200,000. In all, the company realized a monetary saving of
approximately $2.75 million.
From a practical standpoint, Mr. Kravitz stated that being free of
the overhang from the judgment and the many financial hurdles that it
posed over the years, allows management to release the company's full
marketing program for its four products. Product commercials and media
advertising plans encompassing e-marketing, mailers and TV
Infomercials will be announced in separate releases.
Those interested in previewing important announcements should
visit the company website on a consistent basis at
http://www.medgen.com as well as our product sites
http://www.snorenz.com, http://www.4goodnightsleep.com and
http://www.painenz.com. A new site for the Undiet(R) system will be
announced in future releases. We also suggest trying our products.
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets
the world's first liquid spray snoring relief formula, Snorenz(R) for
which its founders received a patent in 1998. Since its existence,
Med Gen has continued to develop its "sprays the way" technology, and
in 2003 introduced Good Night's Sleep(R) to the sleep-aid market.
Both Snorenz(R) and Good Night's Sleep(R) are nationally advertised
and marketed to major chain and drug stores as well as direct sales
via the company web site.
The company is now completing its testing on a radically different
approach and delivery system for its weight loss program, Undiet(TM).
IRI, a retail data reporting service, suggests that the combined
market for snoring and sleep aides could exceed $500 million and the
weight loss market could exceed $60 billion by 2007.
For further information on Med Gen Inc., please visit
http://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.
Med Gen, Inc. is a publicly traded company on the OTCBB exchange
"MGEN".
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: SENIORS WOMEN HEALTH MANUFACTURING PROFESSIONAL SERVICES LEGAL RETAIL SUPERMARKET CONSUMER FAMILY MEN
SOURCE: Med Gen Inc.
CONTACT INFORMATION:
Med Gen Inc., Boca Raton
Paul Kravitz, 561-750-1100
http://www.medgen.com
Medical Staffing Solutions, Inc. MSSI), an
established provider of medical personnel, technology services and
homeland security products to government and commercial clients, is
pleased to announce that the National Hansen's Disease Programs (NHDP)
has awarded a new purchase order for providing licensed practical
nurse (LPN) and certified nursing assistant (CNA) services to
TeleScience International, Inc., a wholly-owned subsidiary of MSSI.
The purchase order received will total $243,060.38 over the next
six months. This contract follows on two previous contracts that
TeleScience International has received from NHDP over the past eight
years. The new purchase order was awarded under TeleScience's Federal
Supply Schedule (FSS) contract for medical services.
MSSI Chairman and CEO, Dr. BB Sahay, stated, "TeleScience
currently provides more than half of all the nursing positions at
NHDP's two facilities in Baton Rouge and Carville, Louisiana. The NHDP
is unique in that it is the nation's last remaining inpatient facility
for the treatment of Hansen's disease and it is also the institution
that developed a cure for this disease, formally known as leprosy."
MSSI Chief Operating Officer Robert P. Murphy, stated, "I am
extremely proud of this particular contract we've received. The repeat
purchase order clearly showcases not only our ability to successfully
bid on contracts and win, but most importantly, it solidifies the
company's reputation and credibility as the leader in the field of
medical staffing services."
For all future Medical Staffing Solutions investor relations
needs, investors are asked to visit the Medical Staffing Solutions IR
Hub at http://www.agoracom.com/IR/MedicalStaffing where they can post
questions and receive answers within the same day, or simply review
questions and answers posted by other investors. Alternatively,
investors are able to e-mail all questions and correspondence to
MSSI@agoracom.com where they can also request addition to the investor
e-mail list to receive all future press releases and updates in real
time.
About The National Hansen's Disease Programs (NHDP)
http://bphc.hrsa.gov/nhdp/
The National Hansen's Disease Programs (NHDP), based in Baton
Rouge, Louisiana, is primarily responsible for inpatient and
outpatient care and treatment of Hansen's disease (leprosy). In
addition to the clinical programs in Baton Rouge, the NHDP also
coordinates outpatient care for Hansen's disease patients throughout
the U.S. at BPHC grant funded clinics as well as private physician
offices. The NHDP conducts professional education programs for U.S.
and international health care workers, providing basic information
which is not provided in standard medical curricula. The NHDP also
operates state of the art, world renowned laboratory research programs
dedicated to improved detection, treatment and prevention of Hansen's
disease and its associated effects.
About MSSI-TeleScience
www.telescience.com
In operation since 1992, MSSI-TeleScience International, Inc. is a
provider of long-term medical personnel, homeland security and
technology services to federal, state and local government agencies
and to the private sector. The company's Medical Services Division has
operations in 22 states servicing hospital and medical facilities with
a complete range of medical staff, including doctors, nurses and
technicians. The company holds multiple long-term contracts, including
those with the U.S. Army, the U.S. Department of Health and Human
Services and the state of California.
The company's Technology Division provides systems integration and
information technology services to the federal government, as well as
emergency equipment, decontamination products, vehicles and supplies
to state and local governments.
MSSI-TeleScience International currently has over 200 employees
and continues to grow its staff and contracts.
About Nurses Onsite Corp.
www.nurses-prn.com
Nurses Onsite is a provider of nurse staffing services to acute
care facilities nationwide. The company operates a network of 13
staffing locations in 9 states, serving over 200 hospitals. These
locations primarily focus on placing per diem nurses on an "as needed"
basis to hospitals facing a critical shortage of staff nurses. Based
in West Palm Beach, Florida, Nurses Onsite employs over 1,200 nurses
and 30 executive, management and administrative staff. Having grown
organically since inception in 2002, the company has been invited into
new markets by some of the nation's largest hospital chains because of
its cost efficient streamlined delivery model.
Nurses Onsite plans to expand services rapidly by leveraging its
recruiting technology in the recently launched National Recruiting
Center.
Legal Notice Regarding Forward-Looking Statements:
"Forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 may be included in this news release.
These statements relate to future events or our future financial
performance. These statements are only predictions and may differ
materially from actual future results or events. MSSI-TeleScience
disclaims any intention or obligation to revise any forward-looking
statements whether as a result of new information, future developments
or otherwise. There are important risk factors that could cause actual
results to differ from those contained in forward-looking statements,
including, but not limited to, risks associated with changes in
general economic and business conditions (including in the information
technology and financial information industry), actions of our
competitors, the extent to which we are able to develop new services
and markets for our services, the time and expense involved in such
development activities, the level of demand, market acceptance of our
services and changes in our business strategies.
KEYWORD: NORTH AMERICA VIRGINIA UNITED STATES
INDUSTRY KEYWORD: HEALTH HOSPITALS INFECTIOUS DISEASES RESEARCH & SCIENCE PROFESSIONAL SERVICES BANKING FINANCE CONTRACT/AGREEMENT
SOURCE: Medical Staffing Solutions, Inc.
CONTACT INFORMATION:
Medical Staffing Solutions, Inc.
Press Contact:
Reeba Magulick, 703-637-3244
or
Investor Relations:
AGORACOM Investor Relations
http://www.agoracom.com/IR/MedicalStaffing
MSSI@Agoracom.com
China Direct Trading Corporation CHDT), a U.S. trading company, today announced that its
subsidiary, Overseas Building Supply, LLC (OBS), has submitted an
application for Notice of Approval for the company's imported clay roof
tiles to the Dade County Product Approval Department, which approves all
building materials used externally on structures. The company has submitted
under an expedited program in order to move through the approval process as
quickly as possible.
The tiles have passed the physical properties test required to comply with
Dade County code requirements, which are among the most demanding and
rigorous in the country. The tiles surpassed basic requirements for
Compression, Permeability, and Absorption. The physical property test
results will be submitted ahead of the final assembly tests results which
are currently being conducted by testing firm IRT as more tiles are on way
from China for the final assembly procedure which involves erecting roof
mock-ups to show how the tiles are to be installed. OBS will apply for all
three commonly used methods: nails, mortar, and foam, all of which are
techniques used for different styles and roof designs. OBS anticipates
final submittal by the end of April so management has decided to submit the
first phase of tests results in order to expedite the application process.
"We are currently in negotiations with local roofers, developers, and
nationwide retailers and are taking qualified orders based on Dade County
approval. There is unfulfilled demand in South Florida for quality roof
tiles and we are eager to complete all required building code testing so
that we may begin providing our quality Chinese tiles to a market waiting
up to a year in some instances for new tile supplies," said Howard Ullman,
China Direct president and CEO of OBS.
About China Direct. China Direct (www.chinadirecttradingco.com) is a
holding company engaged through its operating subsidiaries in the following
business lines: Souvenir Direct Inc. (SDI), www.souvenirdirect.com, is
engaged in product development, manufacturing, distribution, logistics, and
product placement into mass retail of souvenir and gift items in 29
countries. Overseas Building Supply (OBS) is engaged in manufacturing,
distribution, and logistics of building materials including but not limited
to generators, roof tiles, interior doors, and insulation materials. CPS,
www.completepower247.com is a majority-owned subsidiary engaged in a
turnkey solutions for standby commercial and residential power generation.
None of the web site UL's listed in this press release are incorporated
into or are part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial
information that follows, contains "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of 1995.
These statements are based on China Direct's and its subsidiaries'
management's current expectations and assumptions, and involve risks and
uncertainties. Such expectations and assumptions may prove to be faulty or
incorrect. Actual results may differ materially from those anticipated
results set forth in the statements. The forward-looking statements may
include statements regarding consumer demand, product orders, product
development, product potential or financial performance. No forward-looking
statement can be guaranteed, and actual results may differ materially from
those projected. China Direct undertakes no obligation to publicly update
any forward-looking statement, whether as a result of new information,
future events, or otherwise. Forward-looking statements in this press
release and risks associated with any investment in China Direct, which is
a "penny stock" company, should be evaluated together with the many
uncertainties that affect our business, particularly those mentioned in the
cautionary statements in current and future China Direct SEC Filings, which
statements we incorporate by reference herein.
Contact:
Howard Ullman
954-252-3440
Morning Chief, Stockz and Team
HISC Homeland Integrated Security Systems, Inc.
announced today that its financials for the fiscal year ending
December 31, 2005 are now complete, with the company showing two
consecutive years of profitability. During 2005, the company increased its
revenues by 67% over 2004, along with a 12% increase in profits to
$553,595. The balance sheet shows that total assets increased from
$1,422,609 on December 31, 2004 to $4,184,067 as of December 31, 2005, an
increase of nearly 200%.
"Our first goal has been to create a profitable company, and I am very
pleased to announce that we have achieved that with our second consecutive
year of profitability,'' stated Frank Moody, CEO, Homeland Integrated
Security Systems, Inc. "Homeland Integrated Security Systems enters 2006
in a very strong position financially."
Homeland Integrated Security Systems' audited financial statements will be
posted on www.pinksheets.com
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has
the rights to use patents to some of the most innovative and sophisticated
security products. One of the key target markets is the 361 commercial
seaports in the US which are vulnerable to criminal penetration. For more
information go to www.hissusa.com
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such statements
about the Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking statements be
subject to the safe harbors created thereby. Homeland Integrated Security
Systems, Inc. is a development stage company who continues to be dependent
upon outside capital to sustain its existence. Since these statements
(future operational results and sales) involve risks and uncertainties and
are subject to change at any time, the Company's actual results may differ
materially from expected results.
Investor Relations Contact:
Big Apple Consulting USA, Inc.
1-866-THE-APPLE
Media Contact:
Graham Wilson
PRStreet
1-888-736-3787
PAIM Pearl Asian Mining Will Operate and Process Their Raw Gold & Silver Ores With The Potential Presence of Platinum Metal
Randolf Villanueva, President and CEO of Pearl Asian Mining
Industries, (OTC:PAIM) announced today that the Company has
successfully negotiated and signed an exclusive Mining Operation, Gold
Purchasing and Mineral Processing Agreement with the Indigenous
People's Chieftains. Pearl Asian will operate and process the
ancestral land domain claims rich with raw gold and silver ores that
may have contain platinum metals. This will be immediately available
as another source of income of Pearl Asian (PAIM).
Pearl Asian Mining is an aggressive gold mining company with a
portfolio of gold and silver mining interests in the Philippines and
Canada. With this new and potentially immediate "revenue-making" to be
generated sooner than expected, should give a positive impact on the
company's 2006 Second and Third Quarter Financial Statements. The
"Operation Cagayan de Oro" will be operational and done simultaneously
while awaiting for the completion in the development of the general
infrastructures on the XYZ Gold Mine Site.
The Gold Team is making their second trip on April 4th, to survey
a topographic map to locate the site for a pilot plant of the "Pearl
Asian Gold Mineral Processing Center." This ancestral domain claim
known for very rich gold reserve in Cagayan de Oro (River of Gold)
City, Mindanao Island, Philippines, is approximately 1 1/2 hour flight
south of Manila. This is the local tribes' main livelihood: as
small-scale mining "gold panners" producing gold between 1-2 kilos per
week, using the most crude and manual procedures of gold recovery. The
silver and platinum metals were discarded by the locals as they don't
seem to understand the actual value of these other precious metals.
Just like the 1849 Gold Rush Bonanza in California, Pearl Asian
Mining Industries (PAIM) sets out as the Pioneer in the mining
developments, environmental safety and community developments. Pearl
Asian is committed to build school houses, churches and medical
clinics. Pearl Asian will help develop these very remote, mostly
untapped, and very rich in gold areas of the Philippines "The Isles of
Gold."
Forward-Looking Statements
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements in this release
include statements regarding the Company's projections regarding gold
production in future periods. The Factors that could cause actual
result to differ materially from anticipated results includes risks
relating to estimates of reserves, mineral deposits and production
costs; mining and development risks. The risk of commodity price
fluctuations; political and regulatory risks; risks of obtaining
required operating permits and other risks and uncertainties. Penny
Stocks are very highly speculative and may be unsuitable for all but
very aggressive investors. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as the result of new information, future events or otherwise.
KEYWORD: ASIA PACIFIC PHILIPPINES
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING NATURAL RESOURCES ENVIRONMENT MINING/MINERALS CONTRACT/AGREEMENT
SOURCE: Pearl Asian Mining Industries Inc.
CONTACT INFORMATION:
Pearl Asian Mining Industries, Inc.
USA:
Richard C. Miller, 770-336-5779 (Investor Relations)
877-317-4430 (fax)
IR@PearlAsianMining.com
www.PearlAsianMining.com
or
Philippines:
+63-2-490-0140
IPRE moving up
Financial Access Solutions Technology (OTC: FLST)
today announced that Joseph Gammerieri, President of Puma Access Inc., from
Florida, has forwarded an offer to purchase 100% of the common stock of
FLST at a price of $0.10 per share for a total purchase offer of USD $9.1M
in an all cash transaction.
This offer was unsolicited by FLST or any of its affiliates. FLST Officers
have acknowledged the purchase offer formerly and will be seeking
shareholder approval. The Officers of FLST and its board of directors
recommend the acceptance of the purchase offer, which represents a
significant premium to the current and recent trading levels.
About Financial Access Solutions Technology Inc.
Financial Access Solutions Technology Inc. (OTC: FLST), a technology
provider, specializing in point-of-sale, cash and treasury, card products,
and transactional software solutions for North American merchants. The
company operates a wholly owned subsidiary named DM2 Technology, and
markets the latest in point-of-sale (POS) terminals and software allowing
merchants to efficiently process Debit and Credit card transactions. The
company also markets prepaid debit and credit cards through its North
American Merchant Client Network.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact:
Financial Access Solutions Technology Inc.
Tony Papa
President
(514) 576-0088
www.dm2debit.com
SNRG Corporation (OTCBB:SNRG) is pleased to advise that
SNRG Participating Income Fund I, LLC ("SNRG") has entered into a
Letter of Intent dated March 30, 2006, with Arapahoe Energy
Corporation ("Arapahoe"), of Calgary, Alberta, pursuant to which SNRG
and Arapahoe may explore, develop and exploit Arapahoe's oil and gas
properties in the Freemont and Poundmaker areas of S.W. Saskatchewan
comprising approximately 30,000 acres.
Under the terms of the Letter of Intent, SNRG will, on or before
April 14, 2006, pay Arapahoe the sum of $500,000 cash and pay a
further $3,250,000 to Arapahoe on or before May 15, 2006. SNRG will
also pay $2,100,000 to Arapahoe for a portion of the costs of a
planned approximate 60-square-mile 3D seismic program to be conducted
on the Freemont and Poundmaker prospect lands. In addition SNRG will
expend $3,000,000 on drilling on the Freemont and Poundmaker prospect
lands. Seismic and drilling is anticipated to commence in June 2006.
Upon SNRG fulfilling the foregoing earning requirements Arapahoe and
SNRG will be 50% - 50% partners in an anticipated ongoing two (2) year
exploration and exploitation program on the Freemont and Poundmaker
prospect lands.
SNRG Participating Income Fund I, LLC is a special purpose oil and
gas asset development fund under the management and participatory
ownership of the company.
"We are pleased with this first new major project for SNRG,"
stated Mr. Fimrite, SNRG president. "We believe that this property has
the rapid development characteristics we are looking for in our fund
acquisitions."
Arapahoe is a publicly traded junior oil and gas exploration,
development and production company with shares listed on the TSX
Venture Exchange under the trading symbols "AAO."
For additional information, please visit our Web site at:
www.SNRG.net. Please note the corporate address and contact numbers
below.
-0-
*T
Corporate Offices:
14300 N Northsight Blvd, Ste 227
Scottsdale, AZ 85260
Tel: 480-991-2040
Fax: 480-991-2203
*T
Forward-Looking Statements: This news release contains
"forward-looking statements," as that term is defined in Section 27A
of the United States Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Statements in this press release,
which are not purely historical, are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Such forward-looking statements
include, among other things, our ability to fund our earn in
requirements for the prospect lands and the successful exploration,
development and exploitation of Arapahoe's oil and gas properties in
the Freemont and Poundmaker areas of S.W. Saskatchewan comprising
approximately 30,000 acres. Actual results could differ from those
projected in any forward-looking statements due to numerous factors.
Such factors include, among others, the inherent uncertainties
associated with oil and gas exploration; changes in reserve estimates
if any; the potential productivity of our properties; changes in the
operating costs and changes in economic conditions and conditions in
oil and gas production and exploration and the unproven nature of
alternative energy technologies and its commercial viability. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although we
believe that the beliefs, plans, expectations and intentions contained
in this press release are reasonable, there can be no assurance those
beliefs, plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein and
should also refer to the risk factors disclosure outlined in our
annual report on Form 10-KSB for the 2004 fiscal year, our quarterly
reports on Form 10-QSB and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA ARIZONA UNITED STATES CANADA
INDUSTRY KEYWORD: ENERGY OIL/GAS CONTRACT/AGREEMENT
SOURCE: SNRG Corporation
CONTACT INFORMATION:
SNRG Corporation
Jim Elbert, 888-388-8989 (Investor Relations)