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gtec (.25) Genesis Pharmaceuticals Launched Sales of Baobaole Chewable Tablets
Friday, December 21 2007 9:48 AM, EST PrimeNewswire "PrimeNewswire "
LAIYANG, China , Dec. 21, 2007 (PRIME NEWSWIRE) -- Genesis Pharmaceuticals Enterprises, Inc. (OTCBB:GTEC) ("Genesis" or the "Company"), a leading pharmaceutical company in the People's Republic of China , today announced that it had launched its newest product Baobaole chewable tablets for sale throughout China .
Baobaole chewable tablets are a traditional Chinese medicine used to treat gastric and general abdomen discomfort. This drug stimulates appetites and promotes digestion with mild and lasting effects. It is a new, non-prescription over-the-counter (OTC) drug. A nationwide marketing campaign for Baobaole chewable tablets was started in August 2007 that included regularly shown television advertisements on the CCTV Economic Channel and Movie Channel. The Company's sales force will distribute the drug.
"We are optimistic about the launch of this product into the rapidly growing Chinese OTC market. This is our first large scale operation in the over-the-counter drug market as well as the non-prescription medicine market. We hope that this product introduction will strengthen Genesis' overall market presence and increase our market share of domestic drug sales," said Mr. Cao Wubo, Chairman and CEO of Genesis Pharmaceuticals Enterprises, Inc. "We anticipate that sales of Baobaole chewable tablets will have a significant impact on Company FY2008 revenues."
About Genesis Pharmaceuticals Enterprises
Genesis Pharmaceutical Enterprises, Inc. is engaged in the research, development, production, marketing and sales of pharmaceutical products in the People's Republic of China . Its operations are located in Northeast China in an Economic Development Zone in Laiyang City, Shandong province. Genesis produces tablets, capsules, and granules for both western and Chinese herbal-based medical drugs. The Company maintains a representative office in the U.S. For more information, refer to http://www.Genesis-China.net. Information on the Company's website, or any other website, is not a part of this press release.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to introduce, manufacture and distribute new drugs. Actual results may differ materially from anticipated or predicted results, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's ability to obtain raw materials needed in manufacturing, the continuing employment of key employees, the failure risks inherent in testing any new drug, the possibility that regulatory approvals may be delayed or become unavailable, patent or licensing concerns that may include litigation, direct competition from other manufacturers and product obsolescence. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission .
CONTACT: Genesis Pharmaceuticals Enterprises, Inc.
Ms. Elsa Sung, CFO
(877) 895-3650 ext. 701
genesispharm@gmail.com
CCG Elite Investor Relations, Inc.
Mr. Crocker Coulson, President
+1-646-213-1915 ( New York )
crocker.coulson@ccgir.com
gtem (.1) Sanswire's SAS-51 Airship Demonstrates Surveillance Capabilities
Friday, December 21 2007 9:46 AM, EST PrimeNewswire "PrimeNewswire "
FT. LAUDERDALE, Fla., Dec. 21, 2007 (PRIME NEWSWIRE) -- GlobeTel Communications Corp. (Pink Sheets:GTEM) announced that video footage taken from the initial testing of a live surveillance package integrated into the Sanswire Autonomous Solar "SAS-51" airship is available for viewing at www.sanswire.com.
The most recent demonstration, occurring Thursday, December 13, 2007 in Stuttgart, Germany , and reported on Tuesday, December 18, 2007 , showcased a completely integrated payload package consisting of surveillance equipment coupled into the airship's onboard powered electrical systems. The surveillance package installed on the SAS-51 had the objective of illustrating the capabilities of TAO Technologies and Sanswire Networks as a premier provider of lighter-than-air platforms, capable of supporting various surveillance payloads on unmanned monitoring missions.
Jonathan Leinwand, Chief Executive Officer of GlobeTel Communications , said, "As we showcase the potential of the SAS-51, we will continue to demonstrate our capabilities through additional platforms at higher altitudes designed for significant payload lifting operations. We will also continue to provide updates, through various forms of media, as Sanswire and TAO continue to work closer together to reach our goal of producing the most capable lighter-than-air UAVs in the industry."
About Sanswire Networks and GlobeTel Communications Corp.
GlobeTel Communications Corp. (Pink Sheets:GTEM) develops and provides an integrated suite of terrestrial and aerospace telecommunications products and services, leveraging its advances in VoIP and Wireless Access technologies. Sanswire Networks is focused on the construction of airship platforms capable of carrying payloads that transmit various types of wireless communications and security solutions. For more information, please visit www.globetel.net.
About TAO Technologies GmbH
TAO Technologies GmbH, in cooperation with the University of Stuttgart , led by Professor Dr. Bernd Kroplin, is highly regarded throughout the world for research, design, development and flight testing of various designs of aerial vehicles.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including an ongoing formal investigation by the U.S. Securities & Exchange Commission and delayed filings of quarterly results, any of which could cause the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
CONTACT: GlobeTel Communications Corp.
Robert Bleckman, Director, Investor Relations
(954) 607-1295
wtvn (.002) Wi-Fi TV Webcast and Conference Call Today at 10 AM Pacific, and Show Will Be On-Demand at Wi-FiTVNewsblog.com
Friday, December 21 2007 9:46 AM, EST Market Wire "US Press Releases "
HOLLYWOOD, CA -- (MARKET WIRE) -- 12/21/07 -- Wi-Fi TV Inc. (PINKSHEETS: WTVN), an independent Internet company that is based in Southern California and delivers live, recorded and on-demand interactive TV to a global audience (including China ), will make an announcement regarding content distribution and the writer's strike today ( 10 AM Pacific time , December 21 , at www.Wi-FiTVNewsblog.com and over the phone at 712-432-2323 Access code 677667#. In addition, the webcast will be available on-demand for later viewing at www.Wi-FiTVNewsblog.com).
PARTICIPATION WITH Wi-Fi TV:
Hollywood talent may contact Wi-Fi TV directly for confidential discussions on content distribution and partnerships by calling Colby Marceau at 949-716-9397. Only serious inquiries from established content producers will be accepted.
ABOUT Wi-Fi TV:
Wi-Fi TV(TM) is a pioneer of TV on the Internet. Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995 .
Wi-Fi TV Inc. provides Social Internet TV(TM), a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster.
The Wi-Fi TV website (www.Wi-FiTV.com) is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a free dialer and make phone calls and host live video parties all on one website.
The Company was launched in 1995 and has been publicly traded since November 1997 .
For information on purchasing a Wi-Fi TV Station send an email to info@wi-fitv.com.
For press relations, contact Colby Marceau, 949-716-9397, info@wi-fitv.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.
Contact:
For press relations for Wi-Fi TV call:
949-716-9397
Wi-Fi TV Inc.
3434 Via Lido #300
Newport Beach, CA 92663
info@wi-fitv.com
hcpc (.0003) Heritage Capital Credit Corporation Provides BCLOC Program Update
Friday, December 21 2007 9:43 AM, EST PR Newswire "US Press Releases "
WILMINGTON, Del ., Dec. 21 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) provides the following update on the status of the BCLOC Program.
-- The Company has arranged a funding commitment for its first commercial
project that will ultimately be put into a BCLOC security. The
transaction is in the amount of approximately $6,000,000 and is
expected to close on or before January 22, 2008 .
-- The Company has endeavored to reaffirm the interest of the original
applicants for the $740 million in the BCLOC Program. To date, we have
more than $740 million in requests for funding. Although some of the
original applicants no longer desire funding, their funding allocations
have been requested by other original applicants.
-- The Company plans to extend the delivery of the BCLOC applications for
funding to the first half of 2008, due to the severity of the credit
market crises and the number of incomplete BCLOC applications.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation , is to prepare real property and commercial revenue producing assets for funding. To date, the Company has not delivered any projects for funding. For more information, visit the website: http://www.heritagecapitalcreditcorp.com.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans, actual results may differ materially from the expectations expressed in the forward-looking statements.
Contact: Heritage Capital Credit Corporation
Richard Razzeca, VP, Tel: 302-778-4222
Email: info@heritagecapitalcreditcorp.com
SOURCE Heritage Capital Credit Corporation
cwrm (.0072) Cotton & Western Mining, Inc. -- CWRM Acquires Iron Mineral Rights for Baja California, Mexico, Baja Pacific No. 6 Mining Lot
Friday, December 21 2007 9:43 AM, EST Market Wire "US Press Releases "
HOUSTON, TX -- (MARKET WIRE) -- 12/21/07 -- Cotton & Western Mining, Inc. (PINKSHEETS: CWRM) announced today that it has acquired the rights to designated Baja Pacific mining lot number 6, a mixed magnetite and hematite iron mineral deposit. Outcrop chemical analysis has revealed the iron minerals to be of commercial grade suitable for concentrated fines in sizes 0.15 through 10 millimeters. Diamond bit core drilling and mine development planning are scheduled to begin in late January 2008 .
Photographs of the new mineral rights concessions, designated as Baja Pacific No. 4, 5 and 6 can be viewed at the company's website: www.cottonwestern.com under Photo Gallery. The ground surface of the mineral deposits contain many visual magnetite and hematite outcrops that are easily distinguished in the pictures. A magnet is shown clearly attached to many of the outcrops verifying that the minerals are iron magnetite, gray in color or grayish/red in color where the iron minerals are mixed Magnetite/Hematite.
Related Business:
Agusan Petroleum & Mining Corp , Manila , is progressing on the development of the Nagsabongan Iron Mineral Deposit on Mindoro Island with expectations of the project coming on line sometime in 2008. Cotton & Western Mining, Inc. is the Technical and Marketing Directors for the project.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission . The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Cotton & Western Mining, Inc.
363 North Sam Houston Parkway East
Suite 1100
Houston, Texas 77060 USA
www.cottonwestern.com
+1(281)820-7815
TBUS (2.4)DRI Corporation's Growth Plan is Supported by Record Federal Funding for Public Transit and Transit Security
Friday, December 21 2007 9:43 AM, EST Business Wire "US Press Releases "
DALLAS --(BUSINESS WIRE)--
DRI Corporation (DRI) (NASDAQ: TBUS), a digital communications technology leader in the domestic and international surface transportation and transit security markets, noted today that, according to the American Public Transportation Association (APTA), both the House and Senate have passed legislation containing record-setting federal funding appropriations of more than $9.4 billion for public transportation and $400 million for transit security.
"This is good news. It continues the federal funding increase momentum that began with the passage of SAFETEA-LU authorizing legislation. This is important to our 2008 plans, helps underpin our recent guidance on expected record-level earnings and revenue, and strengthens the U.S. transit and transit security markets. U.S. federal funding increases potentially lead to additional demand for DRI's transit communications and transit security equipment in our growth plans," David L. Turney, the Company's Chairman, President and Chief Executive Officer, said.
The legislation is now up for signature by President Bush. According to Mr. Turney, when the legislation is signed, the Company will have an opportunity to study the details and will then issue additional information.
ABOUT APTA
APTA is a nonprofit international association of more than 1,500 member organizations including public transportation systems; planning, design, construction and finance firms; product and service providers; academic institutions; and state associations and departments of transportation. APTA members serve the public interest by providing safe, efficient and economical public transportation services and products. APTA members serve more than 90 percent of persons using public transportation in the United States and Canada .
ABOUT THE COMPANY
DRI is a digital communications technology leader in the domestic and international public transportation and transit security markets. Our products include: TwinVision(R) and Mobitec(R) electronic destination sign systems, Talking Bus(R) voice announcement systems, Digital Recorders(R) Internet-based passenger information and automatic vehicle location/monitoring systems, and VacTell(TM) video actionable intelligence systems. Our products help increase the mobility, flow, safety, and security of people who rely upon transportation infrastructure around the globe. Using proprietary hardware and software applications, our products provide easy-to-understand, real-time information that assists users and operators of transit bus and rail vehicles in locating, identifying, boarding, tracking, scheduling, and managing those vehicles. Our products also aid transit vehicle operators in their quest to increase ridership and reduce fuel consumption, as well as to identify and mitigate security risks on transit vehicles. Positioned not only to serve and address mobility, energy conservation, and environmental concerns, our products also serve the growing U.S. Homeland Security market. For more information about the Company and its operations worldwide, go to www.digrec.com.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the passage of any federal appropriations legislation, the potential benefits to the Company as a result of that legislation, statements relating to what the legislation may reveal about Congressional intentions or future trends in the transit market, statements about how such trends may increase spending in the transit market and potentially increase market demand for the Company's products and services, as well as any statements which use words such as "expect," "fully expect," "expected," "appears," "believe," "plan," "anticipate," "would," "goal," "potential," "potentially," "range," "pursuit," "run rate," "stronger," or "preliminarily," is a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties, including without limitation, risks that the federal appropriations legislation is enacted in such a way that it may not achieve the results the Company currently anticipates, risk that the enaction of that legislation does not result in the anticipated benefits to the mass transit industry or the Company, risks that the legislation does not accurately predict Congressional intent or indicate a future trend in the mass transit industry, as well as other risks and uncertainties set forth in our Annual Report on Form 10-K filed March 28, 2007 , particularly those identified in Risk Factors Affecting Our Business, as those risk factors are amended and supplemented by our quarterly reports on Form 10-Q. There can be no assurance that any expectation, express or implied, in a forward-looking statement will prove correct or that the contemplated event or result will occur as anticipated, and we undertake no obligation to provide updates or supplements to the information contained herein, including these forward looking statements, except as required by the rules and regulations of the Securities and Exchange Commission .
Source: DRI Corporation
dsbo (1.5) Ten Ways to Make a Newly Disabled Family Member Comfortable During the Holidays
Friday, December 21 2007 9:36 AM, EST Market Wire "US Press Releases "
DENVER, CO -- (MARKET WIRE) -- 12/21/07 -- The holidays are a time of excitement and of family reunion. The season demands good food, reconnecting with family members and relaxation. Most holiday hosts have a good idea about what is required to create a cheery atmosphere, but any tips aimed at boosting festive comfort ought to be heard. Perhaps this year you have a newly disabled family member and want to do everything you can to make their holiday experience as pleasant as possible. Perhaps it's Grandma, who for the first time, can't walk on her own, or even a younger cousin, struck down by an accident or other life-altering disability.
The family might be nervous, and unsure of how to deal with the "500 pound elephant in the room." Here are the top ten ways to make your newly disabled family member comfortable for the holidays:
1) Make your home as accessible as possible. Consider entry ways, stairs and bathrooms and do as much preparation as possible to ensure that the person with a disability encounters very little frustration as they move around the home.
2) Plan activities that everyone can participate in. Get creative and think of games and outings that involve the whole group.
3) Talk to your kids. Be open with your kids about disability issues and seek to foster in them the correct attitude toward people with disabilities.
4) Watch the sympathy levels. Your family member is adjusting to something new and may be starting to accept their new condition.
5) Don't make them feel like a burden. Be sweet and kind and make them feel like you want them around, because it isn't easy having to ask for help.
6) Watch your vocabulary. Use words that affirm the person first and mention the disability second.
7) Ask questions. Don't be afraid to talk to your friend or family member about their disability, if you don't mention it at all it may come across that you are afraid of it or think of it as a disease. At the same time remember that a person's disability and things relating to it is not what defines them; don't make that your primary subject of conversation. Polite and respectful acknowledgement and curiosity is the best approach.
8) Don't be too helpful. Don't do everything for your friend or family member with a disability. Be available for help, but allow them to as much as they want on their own.
9) Remember to give space. If your family member or friend with a disability is in a wheelchair make sure that the pathways throughout the home are wide enough and that you respect their 'no fly zone,' the area directly above them. Don't go swooping over them with your arms full of presents or a tray full of hot coffee.
10) Be thankful. Take inventory of your relationships and blessings and delight in what you have. An attitude of thankfulness is contagious and will encourage everyone it touches.
There you go. If you keep a sense of humor, make a good holiday dessert and follow these ten tips and you'll have happy holidays indeed!
Visit www.Disaboom.com (OTCBB: DSBO) for more information and please introduce your family and friends to the new online community where the disabled network for information, support, employment and friendship.
To localize your article on this topic by featuring recently disabled people and their family members from your city, please contact Peter Shankman at (646) 522-9234 peter@shankman.com
Contact:
Peter Shankman
(646) 522-9234
Email Contact
saro (2.5) SARS Corp. Completes Acquisition of Andronics Ltd.
Friday, December 21 2007 9:33 AM, EST Business Wire "US Press Releases "
SEATTLE --(BUSINESS WIRE)--
SARS Corp. (OTCBB:SARO) ("SARS"), a leading provider of remote asset management and telematics solutions, today announced that the company closed its asset purchase agreement with Andronics Ltd. ("Andronics") on December 20, 2007 . The acquisition of Andronics, which delivers two-way data solutions for monitoring and managing remote assets such as vehicles and liquefied petroleum gas ("LPG") tanks, is a key part of the SARS commitment to deliver real-time business intelligence about fixed and mobile assets located anywhere in the world.
SARS anticipates that this completed acquisition will generate $4.5M - $5.5M USD in additional revenue for the company through December 31, 2008 , based on the expected deployment of approximately 5,000 new LPG monitoring units. Andronics already has 4,000 units deployed with some of Europe's largest energy companies.
"We are already seeing strong demand for Andronics' breakthrough technology for the remote monitoring of propane and butane gas tank levels via satellite," said Clayton Shelver, CEO of SARS. "The energy market is a key opportunity for the company, and we expect unit sales to accelerate as we further penetrate Europe and expand deployments into North and South America ."
Andronics' UtilityEye LPG system monitors remote LPG tanks, both above and below ground, identifies fuel levels and sends utility notifications when a tank is filled and/or transmits alarms when fuel levels drop to a predetermined level. UtilityEye LPG is equipped with a battery power supply and information is communicated to the utility via satellite, making monitoring reliable in remote locations.
In addition to the UtilityEye LPG system, Andronics developed LEOCATE, a solution that uses General Packet Radio Service ("GPRS") technology to track and monitor the movement and location of vehicles. Andronics' customer base includes some of the largest trucking fleets in Ireland .
About Andronics Ltd.
Andronics Ltd. , established in 1996 and headquartered in Northern Ireland , provides global two-way data solutions for monitoring and controlling remote assets. With a strong commitment to research and development, the company is widely recognized for its technical innovation and commercial success in telematics applications. For more information visit www.andronics.com.
About SARS Corp.
SARS Corp. provides remote asset management and telematics solutions that deliver real-time business intelligence about fixed and mobile assets anywhere in the world. With the Intelitrax software suite, business and government organizations in the marine, energy, transportation and other industries can track, monitor and manage assets for improved safety, better security and increased business efficiency. To learn more about how SARS is helping companies centralize and leverage asset intelligence, visit www.sarscorp.com.
To be added to SARS Corporation's e-mail distribution list, please click on the link: http://www.b2i.us/irpass.asp?BzID=1598&to=ea&Nav=0&S=202&L=1.
Safe Harbor Statement
The contents of this Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as SARS Corp. "expects," "should," "believes," "anticipates" or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties including the financial performance of SARS Corp. which could cause actual results, performance or achievements of SARS Corp. to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. SARS Corp. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by SARS Corp. with the Securities and Exchange Commission , which identify 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 our ability to (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) manage changes in general economic and business conditions (including in the asset management and asset tracking industries), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) properly quantify the time and expense involved in such development activities, (viii) identify and manage risks in connection with acquisitions (ix) evaluate the level of demand and market acceptance of our services and (x) make necessary changes to our business strategies.
Source: SARS Corporation
dext (10.01) Dexterity Surgical, Inc. Acquires Zhi Bao Da Tong (Beijing) Technology Co., Ltd. via Merger With Rise & Grow, Ltd., a Hong Kong Holding Company
Friday, December 21 2007 9:28 AM, EST Market Wire "US Press Releases "
BEIJING -- (MARKET WIRE) -- 12/21/07 -- Dexterity Surgical, Inc. (OTCBB: DEXT) announced today that it has completed a reverse merger with Rise & Grow Limited , a Hong Kong holding company. To finalize the transaction, 26,400,000 newly issued shares of DEXT's common stock (66% of DEXT's 40,000,000 issued and outstanding shares) were issued to Newise Century Inc. , a British Virgin Islands company that is the sole shareholder of Rise & Grow. Rise & Grow's sole operating entity is Zhi Bao Da Tong (Beijing) Technology Co. Ltd. (ZBDT), a company formed under the laws of the People's Republic of China (PRC) as a Wholly Foreign Owned Enterprise (WFOE), and doing business in the PRC. Effective as of the closing, the operations of ZBDT will be the only operations of DEXT.
ZBDT was established by Rise & Grow to develop computer and network software and related products. In compliance with the PRC's foreign investment restrictions on Internet information services and other laws and regulations, all of ZBDT's Internet information and media services and advertising in China are conducted via exclusive technical consulting and service agreements with Beijing Zhi Yuan Tian Xia Technology Co., Ltd. (Zhiyuan), an Internet service and media company focused on the PRC insurance industry. Pursuant to these agreements, dated September 28, 2007 , ZBDT is the sole provider of services to Zhiyuan in exchange for substantially all of its net income, and future ownership rights.
Zhiyuan, founded October 8, 2006 , offers online insurance products and services for the emerging Chinese Insurance industry. Its offerings include:
-- The first network portal for the Chinese insurance industry
(www.soobao.cn), which offers industry players a forum for advertising
products and services
-- Website construction and software development services for marketing
teams in the insurance industry
-- Insurance agency services (whereby the company generates sales
commissions on motor vehicle insurance, property insurance and life
insurance)
-- Related client support services.
Zhiyuan's unaudited financial results for the quarter ended September 30, 2007 showed revenues of $2.3 million and net income of $1.8 million . The company reported cash of $2.2 million , accounts receivable of $1.7 million , and shareholders' equity of $3.8 million .
Effective with the close of the merger, DEXT named Junjun Xu as Chief Executive Officer and director, and Mingfei Yang as Chief Financial Officer.
Junjun Xu has served as the General Manager (second only to the Executive Director) of Zhiyuan since its launch in October 2006 . Prior to joining Zhiyuan, she served in management positions, including one as a Senior Director of China Life Insurance Inc. Ms. Xu earned her bachelor's degree in economics and trade at Beijing Business College.
Mingfei Yang has served as financial department manager of Zhiyuan since May of 2007. Previously Mr. Yang worked as an accountant for companies in Beijing and Mongolia . He earned his academic degree in finance and tax at Inner Mongolia Financial Institute.
"We are very pleased to complete this transaction," commented Junjun Xu. "The insurance industry in China is in its infancy, and we believe this will help us capitalize on our software and Internet knowledge and industry expertise to establish the company as a key resource for insurance providers and consumers."
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward looking statements involve a number of risks and uncertainties, including a timely closing of the contemplated acquisition, market acceptance of Zhiyuan's insurance products and the management services, competitive market conditions, successful integration of the companies, and the ability to secure additional sources of financing. The actual results DEXT may achieve could differ materially from any forward-looking statements due to such risks. DEXT encourages the public to read the information provided here in conjunction with its most recent filings on Form 8K and Form 10KSB which are available here: www.sec.gov.
Investor Contact
Mirador Consulting, Inc.
Casey Burt
Phone: (561)989-3600
(877)-MIRADOR (877-647-2367)
Email: rm@miradorconsulting.com
mbei (.25) Mobile Entertainment, Inc. Announces Multi-Players Cell Phone Games Compliance to WAP 2.0 Technology
Friday, December 21 2007 9:28 AM, EST PR Newswire "US Press Releases "
GUANGZHOU, China , Dec. 21 /Xinhua-PRNewswire-FirstCall/ -- Mobile Entertainment, Inc. (Pink Sheets: MBEI) today announced its multi-player mobile phone game products are in compliance with the wireless application protocol ("WAP") 2.0 technology, facilitating more Chinese cellular users to access higher quality graphics, richer content and improved interactivity featured through its game products.
Mobile Entertainment, Inc. is one of the leading developer of multi- person-networked mobile phone games that are distributed through the existing 2.5G and the upcoming 3G cell phone network of China . It develops and distributes interactive cell phone games through a number of value-added services providers to end-users of China Mobile Communications Corporation , which has the largest cell phone subscriber base in the world; as well as China United Telecommunications Corporation .
WAP 2.0 is a re-engineering of the protocol applied in mobile phone communication by using a cut-down version of XHTML (Extended Hyper Text Mark- up Language) supporting full color and easy navigation. WAP 2.0 enhanced the data content on cell phones with a "look and feel" more resembling the Internet people know from the fixed world. Its preceding WAP 1.2 technology is older and slower for graphics, forms and data transfer.
"Mobile operators supporting WAP 2.0 will be the first to capture the growing contribution to average revenue per user ("ARPU") from these data services. We as an interactive mobile phone games developer will also be benefited by this enhanced data transfer environment to capture a higher growth rate of mobile phone game players," said Mr. Conrad Yip, Chief Executive Officer of Mobile Entertainment, Inc. "Our company always aim at continuous improvement of our mobile phone game products with diversity and creativity. WAP 2.0 compliance, enhancements in navigation, interactivity and security make the success of the 2.5G data services possible. What was once a cumbersome and difficult user interface that was supported by WAP 1.X is now advanced, powerful, capable, and user-friendly."
About Mobile Entertainment, Inc.
Mobile Entertainment, Inc (MBEI) is a leading developer of multi-person- networked mobile phone games and other wireless entertainment products distributed through the existing 2.5G and the upcoming 3G cell phone network of China . Strategically located in Guangzhou City of the People's Republic of China , Mobile Entertainment, Inc's wholly-owned operating subsidiary, Guangzhou Yin Han Technology Company Limited ( http://www.egege.com.cn ), develops, markets and authorizes the mobile games to local mobile network operators including China Mobile Communications Corporation and China United Telecommunications Corporation . Mobile Entertainment, Inc. also plans to distribute mobile games from third parties and to develop wireless applications across the mobile platform.
For more information please visit Mobile Entertainment, Inc's corporate website ( http://www.ChinaGameOne.com ).
Safe Harbor
A number of statements referenced in this Press Release, and in our website, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Mobile Entertainment, Inc. with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Mobile Entertainment, Inc. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
For more information, please contact:
Investor Relations Officer
Tel: +86-20-8556-8700
Email: ir@ChinaGameOne.com
SOURCE Mobile Entertainment, Inc.
ttgl (1.36) Titan Global Holdings Announces Acquisition of Assets of Global Brand Marketing, Inc.
Friday, December 21 2007 9:18 AM, EST Business Wire "US Press Releases "
DALLAS --(BUSINESS WIRE)--
Titan Global Holdings, Inc. ("Titan") (OTCBB:TTGL), a high-growth diversified holding company, announced today that Titan Apparel Inc. , the Company's recently formed wholly owned subsidiary, purchased the majority of all of the assets of Global Brand Marketing, Inc. (GBMI), including inventory, accounts receivable and intellectual property assets. Titan expects to aggressively and profitably market brands worldwide with high quality and well designed products supported by strong and distinct marketing strategies.
GBMI, located in Santa Barbara, CA , owns the popular brands Dry-shod, No Mass, Mehandi and Funflopps. Additionally, GBMI has been the global licensee for well-known brands Nautica, Sean John and 7ForAllMankind. GBMI operated under the banner Global Feet and sold its footwear products in 130 countries worldwide. Over its history GBMI has won dozens of footwear industry awards. Since its inception in 1996 GBMI sold over $1 billion worth of footwear.
"GBMI and its founder Killick Datta enjoyed a storied history and in the process have aggregated a highly talented and seasoned management team," said Kurt Jensen, Chairman of Titan Apparel, Inc. "We see exceptional long-term growth opportunities from this exciting new acquisition. We are looking forward to building on the past success that Killick and his team have achieved as a means to building additional value for our shareholders."
In addition to the asset purchase, Titan Apparel has hired the complete core of executives currently leading GBMI, including Killick Datta, its founder. Mr. Datta was also named President and Chief Executive Officer of Titan Apparel. Shortly after the first of the year, Mr. Datta will outline the strategic initiatives and vision for this Titan unit.
"This acquisition is consistent with our stated goal of building shareholder value through the acquisition of businesses with promising growth potential and talented management," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings .
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources. The Company takes advantage of valuable synergies between its subsidiaries to maximize revenue growth, internal development and strategic acquisitions. In fiscal 2007 Titan generated in excess of $111 million in revenues on a consolidated basis and projects fiscal 2008 revenues up to $747 million .
Titan's operating divisions include the following:
Titan's Telecommunications Division addresses a range of high-growth markets in the telecommunications, wireless and mobile segments. Companies include Oblio Telecom, Inc. the second largest publicly-owned company focused on the international prepaid telecommunications segment, StartTalk, Inc. , Pinless, Inc. , Titan Wireless Communications, Inc. and Ready Mobile.
The Titan Global Energy Division aggregates traditional and next-generation energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan Global Brands integrates, protects and expands brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels. We own or manage more than 100 brands that are distributed through efficient, overlapping and expansive distribution channels.
Titan Card Services capitalizes on the burgeoning multibillion dollar international prepaid money transfer sector. The Card Services division provides a seamless brand extension for Titan's growing family of prepaid products, currently sold through a nationwide network of more than 86,000 retailers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc. and Titan PCB West, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/titan/ or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
To view current news, visit
http://www.trilogy-capital.com/tcp/titan/quote.html. To view an
investor fact sheet about the company, visit
http://www.trilogy-capital.com/tcp/titan/factsheet.html.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Source: Titan Global Holdings, Inc.
PGLA (2.03) Progen Provides Update on Phase 3 Clinical Program for PI-88 in Liver Cancer
Friday, December 21 2007 9:18 AM, EST PR Newswire "US Press Releases "
BRISBANE, Australia , Dec. 21 /PRNewswire-FirstCall/ -- Progen Pharmaceuticals Limited (ASX: PGL; Nasdaq: PGLA) today provided an update on clinical trial enrollment associated with its phase 3 hepatocellular carcinoma (HCC, primary liver cancer) study. The study has begun initiating sites and is now open for patient recruitment, though a thorough examination of available surgical cases has not yet found any eligible patients who are able to be enrolled by 31 December 2007 . Consequently, the Company now anticipates that first patient in will be achieved early in the new year. Given the delay is solely due to the first site being initiated so close to year-end, the Company does not expect that this will have any impact on overall study timelines or registration strategy.
At this point in time, Progen has received regulatory approval to conduct the phase 3 trial in several countries. The Company has also obtained ethics approval at five trial centres, one of which has been initiated and is open to recruitment. Further regulatory and ethics approvals will follow early in 2008, and sites will be initiated as soon as they are able to begin enrollment.
About PI-88: PI-88 is one of a new class of multi-targeted cytostatic cancer therapeutics. It is a novel anti-cancer compound with a first-in-class mechanism as a heparan sulfate mimetic. Its anti-tumor activity is based on inhibition of two biological processes -- angiogenesis (the growth of new blood vessels) and metastasis (the spread of cancer to other sites) -- critical to the growth and progression of cancer. In April 2007 , data from a randomized phase II trial in the post resection liver cancer setting was presented at the European Association for the Study of the Liver (EASL) meeting in Barcelona, Spain . PI-88, in this disease setting, has been granted Orphan Drug designation by the European Medicines Evaluation Agency (EMEA) and Fast Track designation by the United States Food and Drug Administration (FDA). These results provide Progen with confidence in the potential of PI-88 for this indication and we are therefore aggressively pursuing its development towards registration and commercialization.
About the phase 3 study: The phase 3 study investigating PI-88 as a post- resection treatment for hepatocellular carcinoma (HCC, primary liver cancer) following curative resection is a double-blinded, placebo-controlled study, that has been designed to establish the efficacy and safety of PI-88 in the post-resection HCC setting. The trial will recruit approximately 600 patients at about 60 hospitals in 14 countries. Disease-free survival will be the primary endpoint. Upon completion of this trial, the results are expected to form the basis of global regulatory filings for PI-88.
About Progen: Progen Pharmaceuticals Limited is an Australia -based globally focused biotechnology company committed to the discovery, development and commercialization of small molecule therapeutics primarily for the treatment of cancer.
This press release contains forward-looking statements that are based on current management expectations. These statements may differ materially from actual future events or results due to certain risks and uncertainties, including without limitation, risks associated with drug development and manufacture, risks inherent in the extensive regulatory approval process mandated by the United States Food and Drug Administration and the Australian Therapeutic Goods Administration , delays in obtaining the necessary approvals for clinical testing, patient recruitment, delays in the conduct of clinical trials, market acceptance of PI-88, PI-166 and other drugs, future capitals needs, general economic conditions, and other risks and uncertainties detailed from time to time in the Company's filings with the Australian Stock Exchange and the United States Securities and Exchange Commission . Moreover, there can be no assurance that others will not independently develop similar products or processes or design around patents owned or licensed by the Company, or that patents owned or licensed by the Company will provide meaningful protection or competitive advantages.
SOURCE Progen Pharmaceuticals Limited
iagx (.95) Imagenetix Reports Results of Offer to Extend Warrants
Friday, December 21 2007 9:13 AM, EST PR Newswire "US Press Releases "
SAN DIEGO , Dec. 21 /PRNewswire-FirstCall/ -- Imagenetix, Inc. (OTC Bulletin Board: IAGX), announced today that 53 warrants totaling 3,110,710 warrant shares were extended until October 23, 2010 in response to the offering. The warrants extended had exercise prices from $1.00 to $2.00 .
The warrants holder's paid the Company $.05 per warrant share for the extension resulting in the Company receiving, approximately $155,000 . During the offering period 146 warrant shares were exercised and 539,755 expired.
Along with the extension of time the terms of the call provisions were changed. The Company now has the right to call any series of its warrants if the stock should trade at a 20% premium to the exercise price of the warrant for 10 business days.
Mr. William Spencer, President of Imagenetix, commenting on the offering said, "I was extremely pleased that so many of our long term supporters took advantage of this offering. The change in the call provision will allow us to raise additional capital, as the stock price increases, which we can use to expand our branding efforts and for the development of new products."
About Imagenetix
Based in San Diego, California , Imagenetix, (OTC Bulletin Board: IAGX) is an innovator of scientifically tested, natural-based, proprietary bioceutical products developed to enhance human health on a global basis. Imagenetix develops, formulates and private-labels propriety over-the-counter topical creams, skincare products and nutritional supplements to be marked globally through multiple channels of distribution. In addition, the company develops patentable compounds for entering into licensing agreements with pharmaceutical partners. Imagenetix is the creator of Inflame Away(TM)- Celadrin(R), which has been clinically tested to relieve osteoarthritis pain and significantly improve joint health. For more information, please visit, www.imagenetix.net.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, the size and timing of customer contracts, new or increased competition, changes in market demand, and seasonality of purchases of the company's products and services. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed and will periodically file with the Securities Exchange Commission .
SOURCE Imagenetix, Inc.
smkg (.006) SmartCard Marketing Systems Inc. Management Outlook 2008
Friday, December 21 2007 9:07 AM, EST PR Newswire "US Press Releases "
SAN ANTONIO , Dec. 21 /PRNewswire-FirstCall/ -- (Pink Sheets: SMKG) As Stated by company CEO Massimo Barone: "We are pleased to provide a management outlook for the 2008 fiscal year. As our business and team grows our mission remains to focus on Money Service products and solutions such as Prepaid cards, Check 21, Payment Gateway and loyalty management applications. We continue to invite financial institutions and service providers to become part of our global offering and broaden the range of services, reach and solutions made available through Velocitymoney(TM), Gosmartcard, Velocitymerchant and prepaid card solutions. 2008 will definitely be the year SmartCard sets the pace with best of market solutions."
As stated by Bruce Baillio President US operations
"Throughout 2007 we established a strong base of merchants which require our services, products and expertise. In 2008 as we develop these relationships into revenues and annuities from usage of programs we are creating a valued proposition in the market and building the SmartCard name. The US market for prepaid charge card solutions is in strong demand as is for International markets, and as we make new options available to existing businesses which have been shunned out or not captive to the dynamics available through such solutions we create joint opportunities." bbaillio@gosmartcard.com
As stated by Paul Continelli President Canadian Operations
"We are opening a true presence in the retail segment in Canada as we capture business from small independent and franchised groups within different Provinces creating an even broader footprint then any of our competitors. Moving forward we are creating a branch network that is parallel and in sync to that of the Canadian banking networks with the ease of cross over solutions to the US, EU, and Asian markets. Client reach remains priority and customer service." paulcontinelli@gosmartcard.com
As stated by Robert Mancini Senior Executive Sales E-commerce
"The International market is very receptive to the Velocitymoney(TM) service offering and merchants take notice of our offering. As discussed with many merchants the market does not yet have a true single platform in which has set the stage for International banking and multi-currency transfers without the live assistance of a bank clerk or through online banking. Our platform delivers a processing gateway both for the merchant and customer with the ability to create a seamless environment and allow for International receipt and disbursement of funds." mancini@smartcarddirect.com
We seek Safe Harbor.
SOURCE Smart Card Marketing Systems Inc.
ABPI (2.31) bvti (.445) Accentia Biopharmaceuticals Reaffirms its Confidence in the Ongoing Unblinding of the BiovaxID(TM) Phase 3 Data Based on a Track Record of Eliciting an Immune Response in 80% of Patients
Friday, December 21 2007 9:02 AM, EST Business Wire "US Press Releases "
TAMPA, Fla .--(BUSINESS WIRE)--
Accentia Biopharmaceuticals, Inc. (NASDAQ:ABPI) announced today that it is reaffirming its confidence in the results of the ongoing unblinding of the BiovaxID(TM) pivotal Phase 3 results. Yesterday, Genitope Corporation announced that its recombinant partial copy of the tumor specific antigen for non-Hodgkins lymphoma, MyVax(R), elicited an immune response in just 40% of patients and that its Phase 3 clinical study of MyVax failed to meets its primary endpoint of statistically significant progression free survival vs control group.
Accentia's BiovaxID differs significantly from MyVax and other recombinant products. BiovaxID is a hybridoma-produced full copy of the tumor specific antigen that has demonstrated in a Phase 2 study at the National Cancer Institute and in an independent study at the University of Navarra to elicit an immune response in 80% of patients.
According to Dr. Steve Arikian, M.D., Chairman and CEO of Biovest International , the majority-owned subsidiary of Accentia that holds the worldwide exclusive rights to BiovaxID, "We believe that a strong immune response from a broad population of lymphoma patients requires a complete copy of the tumor specific antigen to induce long lasting disease free survival. This is why we have consistently demonstrated an 80% immune response."
Accordingly, Accentia reaffirms its confidence in the clinical efficacy of BiovaxID and that the ongoing unblinding will demonstrate a statistically significant effect. Accentia believes that the unblinding of its pivotal Phase 3 study will provide strong evidence supporting the appropriateness of BiovaxID for accelerated approval in the U.S. under subpart E and conditional approval in the EU. The company is also examining molecular remission data for the purposes of detecting early recurrence of the cancer prior to clinical evidence on physical exam and CT scans. The Company believes that this molecular data will provide additional evidence of efficacy for BiovaxID. The Company intends to prepare an application for accelerated and conditional approval in the U.S. and EU, respectively.
The public release of the unblinding of the BiovaxID data is expected in April, 2008.
About Accentia Biopharmaceuticals, Inc.
Accentia Biopharmaceuticals, Inc. and its subsidiaries (collectively referred to as the "Company" or "Accentia") is a vertically integrated biopharmaceutical company focused on the development and commercialization of drug candidates that are in late-stage clinical development and typically are based on active pharmaceutical ingredients that have been previously approved by the FDA for other indications. Usually these drug candidates can access the accelerated 505(b)(2) regulatory approval pathway, which is generally less time-consuming and less expensive than the typical 505(b)(1) pathway that must be used for new chemical entities. The Company's lead product candidate is SinuNase(TM), a novel application and formulation of a known therapeutic to treat chronic rhinosinusitis. SinuNase(TM) has been granted Fast Track status by the FDA and it is currently in a pivotal Phase 3 clinical trial. During this fiscal year, the Company also plans to file an Investigative New Drug (IND) for a pivotal Phase 3 clinical trial of Revimmune, to treat numerous autoimmune diseases with an initial indication targeting refractory relapsing-remitting Multiple Sclerosis. Revimmune is based on pulsed, ultra-high dosing of a well-known chemotherapeutic agent under a risk management program. Additionally, through an investment strategy, the Company has acquired the majority ownership interest in Biovest International, Inc. ("Biovest"), (OTCBB:BVTI) and a royalty interest in Biovest's lead drug candidate, BiovaxID(TM) and any other biologic products developed by Biovest. Biovest is currently conducting a pivotal Phase 3 clinical trial for BiovaxID(TM) which is a patient-specific anti-cancer vaccine focusing on the treatment of follicular non-Hodgkin's lymphoma. BiovaxID(TM) has been granted Fast Track status by the FDA. In addition to these product candidates, the Company has a specialty pharmaceutical business, which markets products focused on respiratory disease and an analytical consulting business that serves customers in the biopharmaceutical industry.
For further information, visit the Company Web site at www.accentia.net
About Biovest International, Inc.
Biovest International, Inc. is a pioneer in the development of advanced individualized immunotherapies for life-threatening cancers of the blood system. Biovest is a majority-owned subsidiary of Accentia Biopharmaceuticals, Inc. , (NASDAQ:ABPI) with its remaining shares publicly traded. Biovest has a foundation in the manufacture of biologics for research and clinical trials. In addition, Biovest develops, manufactures and markets patented cell culture systems, including the innovative AutovaxID(TM), which is being marketed as an automated vaccine manufacturing instrument and for production of cell-based materials and therapeutics. Biovest is currently conducting a pivotal Phase 3 clinical trial for BiovaxID(TM), which is a patient-specific anti-cancer vaccine focusing on the treatment of follicular non-Hodgkin's lymphoma. BiovaxID(TM) has been granted Fast Track status by the FDA.
For further information, visit the Company Web site at www.biovest.com
Forward-Looking Statements
Statements in this release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements about Revimmune(TM), SinuNase(TM), BiovaxID(TM), AutovaxID(TM), SinuTest(TM) and any other statements relating to products, product candidates, product development programs, the FDA or clinical study process including the commencement, process, or completion of clinical trials or the regulatory process. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, expectations and intentions, and other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results of Accentia to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the progress, timing, cost, and results of clinical trials and product development programs; difficulties or delays in obtaining regulatory approval for product candidates; competition from other pharmaceutical or biotechnology companies; and the additional risks discussed in filings with the Securities and Exchange Commission . All forward-looking statements are qualified in their entirety by this cautionary statement, and Accentia undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. The product names used in this statement are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Source: Accentia Biopharmaceuticals, Inc.
bmrx (.95) Master Lock(R) smartTOUCH(TM) Garage Door Opener to be Featured on Hispanic Network Radio Weekend Show
Friday, December 21 2007 9:02 AM, EST PR Newswire "US Press Releases "
JERICHO, N.Y., Dec. 21 /PRNewswire-FirstCall/ -- bioMETRX, Inc. (OTC Bulletin Board: BMRX), a leading developer and supplier of consumer finger activated products, announced today that the Company's flagship product, the Master Lock(R) smartTOUCH(TM) Garage Door Opener, will be featured on the UNIVISION Radio Network's weekly show, "Su CASA." The segment will air on Saturday, December 22, 2007 during the "Handyman Show" portion of "Su CASA."
Mark Basile, Chief Executive Officer at bioMETRX, Inc., discussed the introduction of the Company's technology to the Hispanic community by saying, "We are delighted that a radio station with the power to reach millions of Hispanic Americans like UNIVISION has picked up on our product's universal nature and will be presenting it to their targeted community. It has long been our belief that biometric technology provides a worldwide language that anyone can speak, and we are pleased that there is serious interest in our products from the Hispanic community."
With the Spanish speaking population growing at exponential rates in the United States , bioMETRX offers this community the ease of use and convenience of their products for years of reliable service. All smartTOUCH product packaging, as well as instructions, are bilingual.
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary technology, the "powered by smartTOUCH(TM)" platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the trade name smartTOUCH(TM) and utilizes technology from the world's leader in biometric sensors, AuthenTec, Inc.
For more information on bioMETRX and/or the company's smartTOUCH line of products, including the Master Lock smartTOUCH garage door opener, visit the Company's Web site at http://www.biometrx.net
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described 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 bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission .
SOURCE bioMETRX, Inc.
cyha (.0499) Cyberhand Expands Engineering Base to China
Friday, December 21 2007 8:59 AM, EST Market Wire "US Press Releases "
CALGARY, ALBERTA -- (MARKET WIRE) -- 12/21/07 -- Cyberhand Technologies International Inc. (PINKSHEETS: CYHA), a design, marketing and distribution company providing new consumer electronic technologies using innovative ergonomic designs, today announced it has opened its first Chinese manufacturing liaison office. The office will be run by Mr. Jing Tian who will act as its local manufacturing and new product coordinator for the company with its manufacturers. Mr. Tian will commence his duties immediately and help speed the design and manufacturing while ensuring the strict adherence to our quality control standards. This is simply another step in the upgrade of our engineering and design department that has given us unique capabilities that will allow our clients to bring their products to market faster, with less redesign and a unique show as you go capability.
"The ability to have a full time manufacturing representative in China that can visit the various manufacturers daily to smooth the process is invaluable to a growing and diverse manufacturing specialty company. We now have eyes and ears on the ground to quickly solve any problems and coordinate efforts between both our manufacturers there, our engineering and design department and our clients," said Michael Burke, CEO of Cyberhand Technologies International Inc.
About Cyberhand Robotics
Cyberhand Robotics Corporation is a new Company that consists of all the technology and intellectual property related to the development of an Ergonomic Computer Mouse and a line of Computer Game Controllers. A unique feature of the Ergonomic Computer Mouse is its ability to eliminate computer related respective stress injuries such as carpal tunnel syndrome. The Cyberhand mouse is ergonomically designed to reduce stress and structurally designed to fit in a hand and respond to every hand movement. This powerful, unique ergonomic computer mouse resists all five of the major carpal tunnel disorders in the industry. The Computer Game Controllers integrate hand movement which in turn permit a variety of control functions to be performed by a single left or right handed operation resulting in a significant increase in response times over competing products making it the fastest, most intelligent, and most comfortable first person shooter controller on the market. In the gaming world, where split second timing and agility determine the winners and losers, the Company's game controllers place users at the top of any game as they are 40% more responsive than competitor products. The markets for the Company's products are huge consisting of the Computer Peripheral market with over 600,000,000 users world wide and the Computer Gaming Peripherals market estimated at $6 billion dollars in the U.S. alone with this market growing at the rate of 34% per year.
About Cyberhand
Cyberhand is a multi-divisional Company with activities in the computer peripherals market and in the development of high technology military weapons systems. In addition to the Ergonomic Computer Mouse and Computer Game Controllers, the Company also operates Pocketops International , the developer of the world's first wireless portable PDA keyboard. The keyboard is half the volume and weight of competing products and has traditional keyboard touch-type functionality. CyLogic Aerospace, the Company's military arm, is involved in developing increasingly precise military weapons systems that significantly reduce carnage and injury in surrounding "strike" areas. Where applicable, products are patent protected in both Canada and the United States .
For more information about Cyberhand see the following website link: www.cyberhand.com
Distributed by Filing Services Canada and retransmitted by Marketwire
Contact:
Cyberhand Technologies International Inc.
http://www.cyberhand.com
vgwa (.5) £1 Million Purchase Order to Start 2008 Sales for SeDaCorp
Friday, December 21 2007 8:59 AM, EST Market Wire "US Press Releases "
SAN DIEGO, CA -- (MARKET WIRE) -- 12/21/07 -- visionGATEWAY, Inc. (PINKSHEETS: VGWA) announced that SeDaCorp Ltd , a UK Secure Software Solutions company, today placed a £1 million Purchase Order with visionGATEWAY, raising the total for major purchase orders received in December to over US $2,800,000 .
SeDaCorp, in cooperation with visionGATEWAY Ltd, have already begun their initial sales campaign and are gearing up for a major sales effort for the appliance version of INTERScepter(TM) into the 4.3 million Small Medium Businesses in the UK from early January.
visionGATEWAY has made several announcements over the previous two months detailing some of the signed channel partner agreements in Australia , USA, Japan , UK and South-East Asia. The announcements of purchase orders received in December represent the preparations for only some of these channel partners for their early 2008 sales. visionGATEWAY expects to make further announcements of new purchase orders early in January.
About visionGATEWAY, Inc.
visionGATEWAY is committed to the development of a high-growth, public company that creates, acquires, licenses and markets software solutions for Internet Resource Management and Security, capitalizing on the explosive growth of Internet use worldwide. As the global economy becomes ever more dependant on Internet-based tools and services, visionGATEWAY is positioned to exploit several multibillion dollar markets by delivering highly sophisticated security solutions to key government agencies, businesses, universities, financial services, and directly to the retail Internet consumer.
visionGATEWAY is growing revenues worldwide within expanding markets in the United States , United Kingdom , Europe , South East Asia, Japan , as well as Australia and New Zealand . For more information, please visit: www.visiongateway.net.
Forward-Looking Statements
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Contact:
Michael Emerson
Chief Executive Officer
visionGATEWAY, Inc.
Tel - +1-858-794-1416
Fax - +1-858-794-1450
Email: info@visiongateway.net
http://www.visiongateway.net
ptsc (.63) Verigy Purchases Moore Microprocessor Patent(TM) Portfolio License
Friday, December 21 2007 8:58 AM, EST Business Wire "US Press Releases "
CUPERTINO, Calif.--(BUSINESS WIRE)--
Alliacense today announced that Verigy Ltd. has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license from The TPL Group . Verigy is a premier automated test equipment company with two decades of heritage in semiconductor test.
"This agreement is in the best interests of Verigy, its shareholders and customers because it removes the possibility of supply chain disruptions," said Mike Davis, Senior Vice President, Licensing for Alliacense. "A strong wave of interest from companies selling microprocessor-based products has propelled the MMP Portfolio Licensing Program to the next level, as over 45% of license signings have followed the favorable Markman ruling issued earlier this summer."
The sweeping scope of applications using MMP Portfolio design techniques continues to encourage the world's leading manufacturers of end user products from around the globe to become MMP Portfolio licensees. Since January 2006 over 30 global companies from the US, Europe , Japan , Korea and Taiwan have purchased MMP Portfolio licenses.
The MMP Portfolio patents, filed by The TPL Group in the 1980s, cover techniques that enable higher performance and lower cost designs, and are fundamental to consumer and commercial digital systems ranging from DVD players, cell phones and portable music players to communications infrastructure, medical equipment -- and automobiles which today have dozens of microprocessor-based key features and benefits.
About the MMP Portfolio
The Moore Microprocessor Patent Portfolio contains intellectual property that is jointly owned by the privately-held TPL Group and publicly-held Patriot Scientific Corporation (OTCBB: PTSC). The MMP Portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is widely recognized that the MMP Portfolio protects fundamental technology used in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices. Manufacturers of microprocessor-based products can learn more about how to participate in the MMP Portfolio Licensing Program by contacting: mmp-licensing@alliacense.com.
About Verigy
Verigy designs, develops, manufactures, sells and services advanced test systems and solutions for the memory and system-on-chip segments of the semiconductor industry. Verigy's scalable platform systems are used by leading semiconductor companies worldwide in design validation, characterization, and high volume manufacturing test. Formerly part of Agilent Technologies, the company began doing business as Verigy on June 1, 2006 , and completed its initial public offering on June 13, 2006 . Information about Verigy can be found at www.verigy.com.
About Alliacense
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of Intellectual Property (IP) licensing programs. As a cadre of IP licensing strategists, technology experts, and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL's IP portfolios. Founded in 1988, The TPL Group has emerged as a coalition of high technology enterprises involved in the development, management and commercialization of proprietary product technologies as well as the design, manufacture and sales of proprietary products based on those technologies and corresponding IP assets. For more information, visit www.alliacense.com.
Alliacense and Moore Microprocessor Patent (MMP) are trademarks of Technology Properties Limited (TPL). All other trademarks belong to their respective owners.
Source: Alliacense
INFO (1.55) Metro One Offers New In-Bound Contact Center Services to Support CLARISONIC's National TV Promotion
Friday, December 21 2007 8:58 AM, EST Business Wire "US Press Releases "
PORTLAND, Ore .--(BUSINESS WIRE)--
Metro One Telecommunications, Inc. (Nasdaq:INFO), a provider of inbound and outbound contact center services and other enhanced telecom data services, today announced that it has entered into an agreement with Pacific Bioscience Laboratories to provide short-term inbound customer service support for their skin care product, CLARISONIC, which was recently promoted on a nationally televised day-time talk show.
"On short notice, Metro One setup a robust infrastructure and launched our solution to support incoming calls for our recent television promotion," said Mike Stull, COO and President of Pacific Bioscience Laboratories . "The Company's engineering and call center teams conducted a high quality, rapid support effort for us. We received an excellent response to our recent television promotion and were delighted that we had the infrastructure and people in place to do business on such a large scale. Metro One proved to us that they are a responsive and high-quality sales partner."
"We are very excited about the opportunity to support CLARISONIC with on-demand, customer order taking capabilities," said Gary E. Henry, President and Chief Executive Officer of Metro One. "CLARISONIC is another example of our demonstrated ability to leverage our contact center assets beyond directory assistance. Supporting these types of calls are a significant part of Metro One's future and we are pleased to have CLARISONIC as one of our launch partners."
About Metro One Telecommunications
Metro One Telecommunications, Inc. is a developer and provider of inbound and outbound contact center services and other telecom services. The Company operates call centers located in the United States . Metro One has handled over 300 million calls over the past two years. For more information, visit the Metro One Telecommunications website at www.metro1.com.
About Pacific Bioscience Laboratories, Inc.
Pacific Bioscience Laboratories Inc. , located in Bellevue, Washington , is the creator of CLARISONIC Skin Care. Used pre-treatment by top dermatologists and spas throughout the country, this patented sonic technology has proven to be instrumental in improving facial cleansing, the first and most important step in any beauty ritual. The Company was established by scientists, engineers and the lead innovator of the Sonicare(R) toothbrush, one of the best selling sonic-based consumer products of all time. Pacific Bioscience Laboratories' mission is to develop and market technically advanced and clinically proven products that make a clear difference in skin care. CLARISONIC is distributed through dermatologists, cosmetic surgeons, medi-spas and prestige retailers such as Nordstrom, Saks Fifth Avenue, Beauty.com, Sephora, and Bliss. For more information, go to www.clarisonic.com.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, factors detailed in the Company's filings with the Securities and Exchange Commission including recent filings of Forms 10-K and 10-Q. The forward-looking statements should be considered in light of these risks and uncertainties.
Source: Metro One Telecommunications, Inc.
amnt (1.2) Amish Naturals Pasta Products Roar into Over 1,200 Food Lion Stores
Friday, December 21 2007 8:53 AM, EST Business Wire "US Press Releases "
HOLMESVILLE, Ohio --(BUSINESS WIRE)--
Amish Naturals, Inc. (OTCBB: AMNT) announced today Food Lion LLC , part of Delhaize Group , has agreed to carry Amish Naturals pasta products at more than 1,200 of its stores in the Southeast and Mid-Atlantic states. Customers of the venerable supermarket chain can enjoy Amish Naturals' High Fiber, Spinach, and Tomato Basil Spaghetti's and Penne's as they begin to hit the shelves in the coming weeks at Food Lion stores and its affiliated entities, including: Bloom, Bottom Dollar Food, Harveys and Reid's.
"This latest round of distribution marks a significant jumpstart on our business plan to sell and distribute our Amish food products to the thriving market for organic and wholesome foods," said Troy Treangen, Executive Vice President/COO of Amish Naturals. "We look forward to a great long-term relationship with both Food Lion and its customers."
"We share a dual mission with Food Lion to meet customer needs and preferences for the freshest and best quality products," said David C. Skinner, Sr., Amish Naturals' President/CEO. "We have invested more than one year developing our Amish food products to gain acceptance by the national retail food chains, demonstrating both our hands-on methods, as well as ability to produce for a national marketplace. We are proud that Food Lion has recognized the quality of our line of 'homemade natural Amish foods'."
All Amish Naturals' pastas are made with the very best ingredients and manufactured under the strictest Kosher and Organic regulations. Their careful sheeting and cutting method of pasta-making is reminiscent of an Italian grandmother hand rolling and cutting sheets of dough.
Amish Naturals, Inc. was founded with the goal to bring wholesome Amish products to shopping carts and dinner tables nationwide. The Amish Naturals' family of products includes the Amish Naturals' line of premium pastas and the Amish Heritage line of all-natural, gourmet condiments, soups, granola cereals and nutrition bars. For more information on Amish Naturals, Inc. please visit www.amishnaturals.com.
About Amish Naturals, Inc.
Founded as an organic pasta producer, Amish Naturals now manufactures and distributes organic and natural pastas, condiments and bakery products through its recent acquisitions of Prima Pasta, based in Los Angeles, California , the Amish Heritage Line, based in Lancaster, PA , and Schlabach Amish Bakery, based in Millersburg, Ohio . Amish Naturals' mission is to increase shareholder value through the sale and distribution of organic and natural Amish food products to the growing market for organic and wholesome foods. Last year, the U.S. market for natural/organic foods was estimated to have totaled approximately $13.8 billion . Building on generations of traditions, the company has created food that reflects the wholesomeness and purity of the Amish people and their culinary customs. For more information, please visit www.amishnaturals.com.
About Food Lion LLC :
Food Lion LLC is a subsidiary of Brussels -based Delhaize Group (NYSE: DEG). Food Lion LLC operates approximately 1,300 supermarkets, either directly or through affiliated entities, under the names of Food Lion, Bloom, Bottom Dollar Food, Harveys and Reid's. These stores meet local customer needs and preferences for the freshest and best quality products. Food Lion LLC employs approximately 73,000 associates in 11 Southeast and Mid-Atlantic states. For more information, please visit: http://www.foodlion.com.
Business Risks and Forward Looking Statements
This press release contains forward-looking statements that involve uncertainties and risks that could cause actual results to differ materially from those discussed or implied in the forward-looking statements. These statements are expressly made in reliance on the safe harbor provisions contained in Section 21E of the Securities Exchange Act of 1934. Risks that could cause actual results to differ materially from those discussed or implied in the forward-looking statements, include risks associated with our entry into distribution agreements with wholesale food brokers and large-scale retail outlets, the effectiveness of our promotion and merchandising strategies, the efficient operation of our production facility and supply chain, the changing dietary and culinary habits of consumers in our target markets, and our effective management of business risks.
In light of these risks, the forward-looking statements contained in this press release are not guarantees of future performance and in fact may not be realized. Our actual results could differ materially and adversely from those expressed in this press release. Further, the statements made by us represent our views only as of the date of this press release, and it should not be assumed that the statements made herein remain accurate as of any future date. We do not presently intend to update these statements prior to the filing of our next report with the Securities and Exchange Commission and undertake no duty to any person to effect any such update under any circumstances. For additional information regarding the specific risks mentioned and other risks, please read the Company's Prospectus included in its Registration statement on Form SB-2 filed on November 2, 2007 with the Securities and Exchange Commission , which may be accessed through the EDGAR database maintained by the SEC at www.sec.gov.
Source: Amish Naturals, Inc.
trvb (8.0)Tri-Valley Bank CEO announces resignation: Leader has led financial institution since its founding in 2005 [Contra Costa Times, Walnut Creek, Calif.]
Friday, December 21 2007 8:51 AM, EST Knight Ridder/Tribune "Business News "
Dec. 21 --The chief executive officer of Tri-Valley Bank , one of the East Bay's newest independent banks, has resigned to pursue another banking opportunity in the Bay Area.
William Nethercott, the driving force behind the launch of San Ramon-based Tri-Valley Bank in September 2005 , will quit his roles as an executive officer and a member of the board of directors, he said Thursday.
"This is a fabulous organization and a super team, with great employees, great shareholders," Nethercott said. "That's what makes it tough to leave, what makes it a gut-wrenching decision."
Under Nethercott's leadership, the bank needed less than two years to post an operating profit. The bank has maintained an operating profit for the past four months, Nethercott said.
"It is not the best time to be in the financial services industry, but Tri-Valley Bank is doing fine," said James Snell, the bank's chairman.
Nethercott told the chairman Monday of his decision to leave, the board of directors was notified Tuesday at a scheduled meeting, and employees were updated Wednesday.
"I was surprised when I learned about this," said James Snell, Tri-Valley Bank chairman. "We'll really miss him."
The bank was launched with $17.6 million in capital. On Nov. 30 , assets totaled $85.8 million , up 34 percent from the end of 2006. Loans outstanding totaled $76 million , up 92 percent from the same 11 months last year. Total deposits were $67 million , a 36 percent gain during the period. The bank has
branches in San Ramon and Livermore.
Nethercott said he believes that with the wave of bank consolidations in the East Bay, local banks such as Tri-Valley and Pleasanton-based Valley Community Bank should do well.
"I want this bank to thrive," Nethercott said. "You have only one other independent bank in the area, Valley Community. There are a lot of opportunities for community banks."
Nethercott said he will stay on as CEO for 90 days, which could help smooth the transition to a successor.
"We will take full advantage of that to surface a candidate, do an interview and select a successor," Snell said.
The bank expects to look inside and outside the company when it scouts for a new CEO, Snell said.
Nethercott said he was not looking to leave his job as CEO, but he was approached by a group of individuals about a job at an as-yet unidentified banking industry operation.
"The more I thought about it, the more I looked into it, I said to myself that I'm not getting any younger," Nethercott said.
Nethercott was formerly a top executive in Danville and Fremont with San Jose -based Heritage Bank , and an executive in San Ramon with California Bancshares.
Like Snell, Nethercott said he believes he is leaving Tri-Valley Bank in good shape.
"The foundation is laid, and it's a strong foundation, a cohesive group," Nethercott said.
George Avalos covers jobs, economic development, commercial real estate, finance and petroleum. Reach him at 925-977-8477 or gavalos@bayareanewsgroup.com.
To see more of the Contra Costa Times, or to subscribe to the newspaper, go to http://www.contracostatimes.com/.
Copyright (c) 2007, Contra Costa Times, Walnut Creek, Calif.
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ogoh (.011) On The Go Ships 100TB Hardware Order for Ground-Breaking Cancer Imaging and Therapy Projects
Friday, December 21 2007 8:48 AM, EST PR Newswire "US Press Releases "
CONCORD, Ontario , Dec. 21 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC Bulletin Board: OGOH; 'OTG' 'the Company'), a leading multi- industry computer hardware, software and systems integrator, announced today that the Company received an order for 100TB SAN dedicated to pioneering cancer-related therapy projects, sponsored by one of world's leading oncology hospitals. The EqualLogic iSCSI SAN order is in addition to another storage order for the same institution earlier this calendar year, bringing the total installation to 180TB thus far. The client, with this order, stands as one of OTG's many million-dollar customers for 2007.
OTG Healthcare's success with the hospital's project to date, requiring the Company to supply equipment sales and service on a monthly basis, has led to a fundamental involvement in a second high profile research program.
OTG's industry acknowledged expertise in the healthcare sector led to this strategic involvement, and, working closely with the Canadian-based project principals, the Company determined which storage solution was the fastest, most scalable and cost effective for their applications. In winning this contract, OTG overcame such competitors and sector notables as IBM, HP, Netapp, EMC and Lefthand Networks.
The oncology hospital's group of researchers is a team of like-minded individuals that have identified the importance of bringing imaging into the medical therapy process. Imaging technologies are becoming highly adaptable, allowing extensive integration with the treatment process instead of being dedicated to diagnosis. These projects are among the most high profile and revolutionary cancer research programs in the world.
OTG President and CEO Stuart Turk commented, "This is a ground breaking, and truly an industry trail blazing, medical project. With cancer sadly being so prevalent in our society, being part of such a solution from the initial phases is an incredible honor. And with the order establishing the client as part of OTG's growing 'Million Dollar Client Club' for the calendar year, it further adds strongly to our Q2 revenues."
About On The Go Technologies Group
On The Go Technologies Group is a North American corporation focused on acquiring versatile and profitable companies in the IT sector. OTG and its divisions: OTG Enterprise, catering to Fortune 1000 and SME clientele and vendors such as HP, Apple, IBM, Viatronix, Extreme Networks and Adobe; OTG Digital Media & OTG Creative, prominent systems integrators in the U.S. and Canadian digital entertainment industry; OTG Healthcare, compiling digital solutions and networks for the diagnostic medical community; OTG Research , providing solutions to the education, funding and research communities; and in-house multimedia studio Go Motion + Design, have established themselves as a respected and sought after industry competitors. The Company's intention is to maintain sustained growth in the years to come via continued organic development in its existing divisions and an aggressive acquisition schedule.
For more information, visit http://www.otgtech.com or http://www.otgtech.com/video.
To view a company profile, visit http://www.otgtech.com/pp.pdf . To be added to On The Go Technologies Group's e-mail list for company news, visit http://www.otgtech.com/new_site/inv_pkg_form.htm .
This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as "expects," "believes," "anticipates" and "intends." Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the company's ability to finance its planned expansion efforts; the company's ability to manage its planned growth; and changes in regulations affecting the company's business and such other risks disclosed from time to time in the company's reports filed with the Securities and Exchange Commission . The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.
SOURCE On The Go Technologies Group
ecni (.95) EnterConnect, Inc. (ECNI) Raises $4.8 Million in Growth Capital
Friday, December 21 2007 8:43 AM, EST Market Wire "US Press Releases "
SAN JOSE, CA -- (MARKET WIRE) -- 12/21/07 -- ENTERCONNECT, INC. (OTCBB: ECNI), leading provider of enterprise-class 'business-ready' portals, today announced that it has entered into a Secured Convertible Notes and Warrants Purchase Agreement with certain institutional investors. Pursuant to the Agreement, EnterConnect issued to the investors, senior secured convertible notes in the aggregate principal amount of $4,823,000 and warrants to purchase common stock.
Chief Executive Officer, Sam Jankovich, commented, "We are pleased to have both our new and existing investors as valued stakeholders investing in the growth of EnterConnect. Their financial support will enable us to expand our new software-as-a-service (SaaS) marketplace, SOAapps.com powered by the EnterConnect portal platform. SOAapps provides ISVs with unique access to dynamic application development and integration technologies from BEA Systems and EnterConnect as well as turn-key enablement services to host, deploy, manage, meter, bill, market and sell best-of-breed SaaS solutions. With analysts predicting that half of all business software products will be delivered through SaaS deployments within five years, the new funding will provide the key resources for EnterConnect to succeed in the market as the leading global SaaS marketplace."
EnterConnect also recently began trading on the OTC Bulletin Board (OTCBB) under the symbol ECNI. Park Financial Group is acting as the Company's lead market maker pursuant to NASD Rule 6740 and Rule 15c2-11 under the Securities Exchange Act of 1934. The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices and volume information in OTC fully reporting equity securities. Securities quoted on the OTCBB are required to report their current financial information to SEC regulators in order to meet eligibility requirements. Additional information regarding trading on the OTCBB is available at www.otcbb.com.
About EnterConnect, Inc.
Capitalizing on a rich history of more than 50 Fortune 1000 intranet and extranet deployments, EnterConnect, Inc. (ECNI) developed a proprietary standards-based portal platform that enables the company to deliver 'business-ready' portal applications for employee productivity and customer and partner self-service to drive costs down and revenue up. EnterConnect further leverages the 'business ready' portal platform in conjunction with BEA infrastructure to power the new SOAapps.com global SaaS marketplace. The EnterConnect software suite consists of EmployeeConnect, TeamConnect, CustomerConnect and PartnerConnect and is available through traditional licensing as an on-premise solution or as a software-as-a-service (SaaS) solution on SOAapps.com. For more information about EnterConnect visit www.enterconnect.com or call (800) 658-2670.
Disclosure
The Notes and Warrants and the shares underlying the Notes and Warrants offered to the investors are not registered under the Securities Act of 1933, as amended or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements. This notice shall not constitute an offer to sell or the solicitation to offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of such state.
Forward-Looking Statements:
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993 and the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance and may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EnterConnect, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate," and similar expressions are intended to identify such forward-looking statements. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission .
About SOApps.com
SOAapps.com is a new online global SaaS marketplace for mid-market line of business executives in sales, marketing, human resources, finance, operations and information technology to find, try, deploy and manage on-demand applications faster while gaining better business results. The mission of SOAapps.com is to "Transform Business On-Demand" by moving software applications and productivity online. This mission is being achieved by bringing together an integrated network of Business Customers, independent software vendors, value-added resellers and system integrators -- all leveraging the compelling business model of SaaS to achieve more productivity, lower costs and accelerated time-to-value.
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Contact:
Jamie Jaye
Vice President of Sales & Marketing
800-658-2670
fccn (.0022) Franchise Capital Corporation Announces Initial Sales of Aero Exhaust Products From New UK Distributor as Part of Expansion Into European Markets
Friday, December 21 2007 8:43 AM, EST Market Wire "US Press Releases "
MURRIETA, CA -- (MARKET WIRE) -- 12/21/07 -- Franchise Capital Corporation (PINKSHEETS: FCCN), which recently closed its acquisition of Aero Exhaust, Inc. , a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the initial sales of Aero products through its new distributor in the United Kingdom , Dynoflow Exhaust (http://www.dynoflow.co.uk/index.html). The relationship with Dynoflow is one component of Aero's broader European distribution strategy, which has been launched with Dynoflow and its first order of Aero's products.
In early November, Aero supplied Dynoflow with its first shipment of direct fit muffler products in the Turbine and Stealth lines, as well as the recently released STX muffler product. The STX product line combines the technology of the Turbine muffler with the sound reduction and quality of the Stealth line. Dynoflow has experienced good success with the Aero products from the first shipment, and an additional order from Dynoflow is anticipated in the coming days.
Beyond this first European distributor relationship, Aero expects to establish distribution of its products in additional European countries in the first calendar quarter of 2008.
"There continues to be a high level of interest for Aero mufflers and exhaust systems, and the initial demand in Britain affirms that Aero has significant potential in international markets -- as well as domestically," commented Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "We are pleased to have a great working relationship with Dynoflow and look forward to a steady supply of re-orders for this market. As the Euro has increased in value against the U.S. dollar, so has the European interest in American products, and we hope to capitalize on that interest. Our EU patent-pending confirms our interest in the European market. In addition to the Dynoflow relationship, we expect to announce distribution in other European countries as soon possible."
"I would also like to use this opportunity to let shareholders know that Aero management is firmly focused on building revenues and value as quickly as possible, and we will announce additional milestones in the execution of our business strategy as they occur. 2008 is projected to be an exciting year for Aero, and we look forward to continued progress in the marketing of the company's products, as well as in expanded distribution and sales," Mr. Hunsaker added.
To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other written material is issued, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K for fiscal year 2007 filed with the Securities and Exchange Commission .
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
Email Contact
phgi (.01) Perihelion Global Enters Joint Study Agreement With Planet Earth Engineering, LLP and Clemson University
Friday, December 21 2007 8:43 AM, EST Market Wire "US Press Releases "
SANTA ROSA BEACH, FL and CLEMSON, SC -- (MARKET WIRE) -- 12/21/07 -- Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has entered into a Joint Study Agreement with Tega Cay-based Planet Earth Engineering, LLP and South Carolina -based Clemson University for biofuel research. The purpose of the agreement is to pursue the production of a cost effective biofuel feed stock that will meet the supply demands of the 21st century without impacting widely consumed food crops.
Clemson University , Planet Earth Engineering, and Perihelion Global have entered into Joint Study Agreement for the production of alternate biofuel feed stock utilizing the Jatropha plant seed. Perihelion Global and Planet Earth Engineering are working with Clemson University to conduct these studies for the use in the biofuel industry. Planet Earth Engineering, LLP has been issued permits from the United States Department of Agriculture to import and cultivate the Jatropha plant seed for this purpose.
Jerry L. Alberts, Senior Director of Corporate & Foundation Relations, Clemson University stated, "Today, Clemson University is redefining the term 'top-tier research university' by combining the best of two models: the scientific and technological horsepower of a major research university and the highly engaged academic and social environment of a small college. As the land-grant university of South Carolina , Clemson University desires to create an unmatched climate for collaboration, and a driven, competitive spirit that encourages faculty, staff and students to embrace bold, sometimes audacious goals. Certainly, bio-fuel research is a key area to explore for the economic growth as well as providing stability for our country's fuel resources and economy."
Adds Alberts, "I welcome the opportunity to bring Clemson University , Planet Earth Engineering and Perihelion Global together to continue our research initiatives such as bio-fuel research. Corporate partnerships are key to Clemson University's continued climb to become a Top 20 university. Clemson and its corporate partners understand what it takes to be a top research university and what Clemson's success will mean for students and for society."
Patrick J. LaRive, CEO of Planet Earth Engineering, states, "Jatropha curcas cultivation is very uncomplicated. Jatropha can grow almost anywhere, in wastelands and even in gravelly, sandy and saline soils. It can thrive on the poorest soil and grow in the crevices of rocks. I am very excited to have the opportunity to partner with Perihelion Global and Clemson University on this important new research."
John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global, states, "In order to ensure our company's long term success we have to be proactive in anticipating the future trends relating to the availability of cost effective biofuel feedstock. As a company, we have to plan and prepare for occurrences of drought, acts of God or other environmental and economic factors that can affect the availability of the current sources of biofuel feed stock. We believe our partnership with Planet Earth Engineering and Clemson University can help ensure our company's future feed stock supply needs. Jatropha has great potential as it is drought resistant, naturally resistant to fungus and pests and it does not compete with food crops, which are a majority of the current biofuel feed stock sources."
Concluded Beebe, "We've seen some of the impacts of using food crops for fuels in Mexico , where harvesting of corn for ethanol created skyrocketing prices for such staple items as tortillas. This had a profoundly negative impact on their citizens. We think it's important that our Opp, Alabama biodiesel plant will use multiple feedstocks which include non-food-grade peanuts, and we continue to seek additional ways to provide energy innovations without sacrificing our critical food supply. We believe the research being conducted on Jatropha through this study agreement will advance our understanding and utilization of this potentially industry-changing fuel source."
Perihelion Global's first biofuel refinery is currently under construction in Opp, Alabama and is slated to begin biofuel production the first quarter of 2008.
About Perihelion Global, Inc. :
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications .
Website: http://www.perihelionglobal.com
About Planet Earth Engineering, LLP :
Planet Earth Engineering specializes in environmental solutions and Services to various industries. Our primary work is specialized in VOC monitoring, safety, health, security, and prevention of environmental change from Volatile Organic Compounds for our shared Planet Earth. Our goal is offering design, engineering and environmental training, for a cleaner greener Earth. Planet Earth is committed to providing quality environmental, hazardous waste engineering and site remediation services.
Website: http:www.planetearthengineering.com
About Clemson University :
Vision and Mission
Clemson University first opened its doors in 1889 with a very clear vision: to "be a high seminary of learning in which the graduate of the common schools can commence, pursue and finish the course of studies terminating in thorough theoretic and practical instruction."
Mission Statement
The mission of Clemson University is to fulfill the covenant between its founder and the people of South Carolina to establish a "high seminary of learning" through its historical land-grant responsibilities of teaching, research and extended public service.
Clemson University is a selective, public, land-grant university in a college-town setting along a dynamic Southeastern corridor. The University is committed to world-class teaching, research and public service in the context of general education, student development and continuing education. Clemson's desire is to attract a capable, dedicated and diverse student body of approximately 12,000 to 14,000 undergraduate and 4,000 to 5,000 graduate students, with priority to students from South Carolina .
Clemson offers a wide array of high-quality baccalaureate programs built around a distinctive core curriculum. Graduate and continuing education offerings respond to the professions, while doctoral and research programs contribute to the economic future of the state, nation and world. The University emphasizes agriculture, architecture, business, education, engineering, natural resources, science and technology. The University also promotes excellence in education and scholarship in selected areas of the creative arts, health, human development, the humanities and social sciences. In all areas, the goal is to develop students' communication and critical-thinking skills, ethical judgment, global awareness, and scientific and technological knowledge. Students remain the primary focus of the University.
Just as Clemson values its students, the University also values its faculty and staff who have committed their talents and careers to advance its mission. Clemson pledges to support their work, to encourage their professional development, to evaluate their professional performance and to compensate them at nationally competitive levels.
Website: http://www.clemson.edu
Caution Regarding Forward-Looking Statements
This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.
These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:
-- General economic conditions, either nationally or in our market area, that are worse than expected;
-- regulatory and legislative actions or decisions that adversely affect our business plans or operations;
-- price competition;
-- inflation and changes in the securities markets that adversely affect the fair value of our operations; and
-- changes in our organization, compensation and benefit plans.
We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contacts:
John H. Beebe
Chariman, Chief Executive Officer & President
Perihelion Global, Inc
john@perihelion.com
866-748-7610 x719
Patrick J. LaRive
Chief Executive Officer
Planet Earth Engineering, LLP
larive@planetearthengineering.com
Jerry L. Alberts
Senior Director of Corporate & Foundation Relations
Clemson University
jerrya@clemson.edu
effc (.061) ECT Provides Company Update
Friday, December 21 2007 8:42 AM, EST Market Wire "US Press Releases "
LONGUEUIL, QC -- (MARKET WIRE) -- 12/21/07 -- Effective Control Transport Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com) Chief Executive Officer, Raphael Huppe, today issued a general business update:
"Over the last six years we have opportunistically invested in our sales and marketing initiatives to expand globally and are enthusiastic about our business strategy. Those investments are just now beginning to show results, and we expect to see the financial contribution from those efforts in future quarters.
"ECT management, in conjunction with its lawyers and accountants, is in the process of completing the necessary auditing of the Company's financial history, and anticipate the audits to be complete within the next 90 days. The audit is integral to the application process to move to the bulletin boards, provide the investment community with transparency, and ultimately visibility as the Company progresses.
"We are pleased with our continued expansion of product lines and new partnerships we recently signed. We expect to see continued growth and further acceptance of our software product lines and the diversification into new markets. Our business plan includes initiatives to expand market presence and penetration. To date, we have hired sales and marketing personnel, expanded our internet presence, and enhanced customer service.
"I am very pleased with our continued progress as we enter the last quarter of our first fiscal year and begin the year 2008. As always, we stay committed to increasing shareholder value by operating our company with long term goals in mind."
Raphael Huppe, Chief Executive Officer
Recent Positive Changes to Share Structure:
The company has cancelled 24,000,000 shares of common stock.
Outstanding shares, after the cancellation will be 80,634,552
Public Float = 42,296,157
Authorized shares remain 150,000,000 with no changes.
The Company is currently closing on a capital raise of $4,590,000
consisiting of 27,000,000 shares at $0.17 a share.
Outstanding shares, after the issuance of the 27,000,000 shares in
conjunction with the capital raise will be 107,634,552.
About US
Effective Control Transport Inc. (ECT) is a subsidiary company of the ECN Holding . ECN (Effective Control Networks) has been in business for 6 years and operates a number of divisions in various IT and GPS-Telecommunications fields.
ECT's mission is to provide advanced and innovative solutions and tools to problems and needs of the transport industry resulting in significant efficiency and security gain for that industry. The implementation of that mission has all potential to bring about a greater economic efficiency and exchange for all, as we should experiment in the next years to come.
The main product line for ECT is the FOLO CRAM(TM) (Cognitive Resources Availability Manager) which offers effective real time monitoring of a driver's state of awareness, including fatigue levels. ECT currently has 9 product/service lines that will not only help improve safety but also cut down on operating and insurance costs for the commercial trucking industry. ECT's products, services and application are flexible, easy to install and deploy, and work seamlessly with legacy applications and communications systems.
Forward-Looking Statements:
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Investor Relations:
Andrew Barwicki
516-662-9461
investor@ecnholding.com
cbzff (.3) CarBiz Auto Credit Receives Oklahoma Dealer License
Friday, December 21 2007 8:28 AM, EST Market Wire "US Press Releases "
SARASOTA, FLORIDA -- (MARKET WIRE) -- 12/21/07 -- CarBiz Inc. (OTCBB: CBZFF) announced that it has received a dealer license for the state of Oklahoma . CarBiz has begun full operations at four Oklahoma locations in Tulsa , Midwest City, Muskogee, and Oklahoma City .
CarBiz became the fourth largest Buy Here - Pay Here business in the US following a major acquisition last month. The deal included 26 dealerships in seven Midwestern states including Illinois , Indiana , Nebraska , Iowa , Kentucky , Oklahoma and Ohio . The remaining state to receive a dealer license is Nebraska .
About CarBiz Inc.
Based in Sarasota, Florida , CarBiz owns and operates the nation's fourth-largest chain of "buy-here pay-here" dealerships through its CarBiz Auto Credit division. The company is also a leading provider of software, training and consulting solutions to the United States automotive industry. CarBiz's suite of business solutions includes dealer software products focused on the "buy-here pay-here," sub-prime finance and automotive accounting markets. Capitalizing on expertise developed over 10 years of providing software and consulting services to "buy-here pay-here" businesses across the United States , CarBiz entered the market in 2004 with a location in Palmetto, Florida . CarBiz has added two more credit centers since - in Tampa and St. Petersburg - and recently acquired a large regional chain in the Midwest, bringing the total number of dealerships to 26 in eight states. For more information about CarBiz and its services, visit CarBiz's web site: www.CarBiz.com.
Forward-Looking Statements
All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future growth plans and objectives of CarBiz. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements as a result of known and unknown risks, uncertainties and other factors. Such factors that could cause actual results and future events to differ from those anticipated in such statements include, but are not limited to, the market acceptance of CarBiz's Auto Credit Centers, the ability of CarBiz to effectively deploy the funds received from the convertible debenture financing, the ability of CarBiz to close on additional tranches of the convertible debenture financing, the possibility that the liquidated damage provisions or the default provisions could be triggered under the terms of the convertible debenture financing which could be adverse to CarBiz, CarBiz's ability to measure the default rate of its borrowers, competition, the impact of any changes in applicable government regulation and general economic conditions. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. CarBiz assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
Contacts:
CarBiz Inc.
Jennifer Downey
1-800-654-4955 ext. 1203
Website: www.carbiz.com
AGORACOM Investor Relations
Email: CBZFF@agoracom.com
Website: www.agoracom.com/IR/carbiz
spck (.12) Superclick Adds Approximately 9,000 Rooms to Helpdesk Support
Friday, December 21 2007 8:28 AM, ESTPrimeNewswire "PrimeNewswire "
SAN DIEGO , Dec. 21, 2007 (PRIME NEWSWIRE) -- Superclick, Inc. (OTCBB:SPCK), a technology leader in IP management solutions to the hospitality industry today announced that it has signed a contract with KoolConnect Technologies ("KoolConnect") Inc. to provide 24x7x365 level 1 and 2 helpdesk support and remote monitoring services to to 8581 rooms in total.
Under the terms of the agreement, Superclick will be providing support and monitoring services for 3,024 video-on-demand ("VOD") rooms, 736 high-speed internet accesss ("HSIA") rooms and 4,828 combined HSIA and VOD rooms. This marks the entrance of Superclick into the VOD support and monitoring market segment of the hospitality industry.
Sandro Natale, Superclick CEO, commented, "This addition to our portfolio of customer support rooms under contract includes such prestigious hotels as the Intercontinental Barclay in New York , Intercontinental Houston, Intercontinental New Orleans and the Charles Hotel in Boston . These are brands that are committed to the highest level of customer satisfaction and further validates our best of breed MAMA proactive monitoring application and commitment to delivering world-class helpdesk customer support."
About KoolConnect Technologies, Inc.
KoolConnect Technologies, Inc. is a leading provider of advanced digital and HD media on demand solutions to luxury and upscale hotels worldwide. KoolConnect was the first company to offer HD VOD in the hospitality industry and today serves nearly 20,000 rooms in prestigious properties in the U.S., Japan , Hong Kong , Dubai and Caribbean. KoolConnect's solutions are available in a variety of flexible business models including complete revenue share options.
About Superclick, Inc.
Superclick, Inc. (OTCBB:SPCK), through its wholly owned, Montreal -based subsidiary Superclick Networks, Inc. , develops, manufactures, markets and supports the Superclick Internet Management System (SIMS(tm)), Monitoring and Management Application (MAMA(tm)) and Media Distribution System (MDS(tm)) in worldwide hospitality, conference center and event, multi-tenant unit (MTU) and university markets. Current clients include MTU residences and Candlewood Suites(r), Crowne Plaza(r), Fairmont Hotels(r), Four Points by Sheraton(r), InterContinental Hotels Group PLC(r), Hilton(r), Holiday Inn(r), Holiday Inn Express(r), Hampton Inn(r), Marriott(r), Novotel(r), Radisson(r), Sheraton(r), Westin(r) and Wyndham(r) hotels in Canada , the Caribbean and the United States .
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission including the most recent form 10-KSB. Superclick disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event or otherwise.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Superclick's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
CONTACT: Superclick, Inc.
Frank Candido, Investor Relations
(514) 969-5530
ldhg (.001) Liberty Diversified Holdings, Inc. Nears Finalization for Production of Nu2O Water and Pilot Plant for New Products
Friday, December 21 2007 8:28 AM, EST PR Newswire "US Press Releases "
ORANGE, Calif., Dec. 21 /PRNewswire-FirstCall/ -- Liberty Diversified Holdings, Inc. (Pink Sheets: LDHG) announced today that they are in the process of finalizing arrangements for the production and bottling of its Nu20 products with a Scottsdale, AZ production and bottling company. Upon finalization of the agreement, the Scottsdale operation will also function as Liberty's Pilot Plant, providing a facility for the development of additional cutting edge products and formulas based on the company's patented manufacturing process. Final negotiations are expected to be completed in January 2008 .
Liberty acquired the rights to Nu20 products and brand as a result of its recent purchase of the assets of XND Technologies, Inc. and plans to begin marketing the product in early 2008. The company has also applied for a name change to a new name that is reflective of its entry into the premium enhanced bottled water business, and its new name is expected to be released within the next two weeks.
COMMENTARY
In response to this announcement, Ronald C. Touchard, Chairman and CEO of Liberty Diversified Holdings, Inc. , commented, "We are very pleased to announce the pending completion of an agreement for production and bottling of our Nu20 nutrient-enhanced water products with an established and reputable company and facility. The company we have chosen was selected for a variety of reasons, particularly its close proximity to our company headquarters in Scottsdale , its size, its laboratory facilities, its expertise in sourcing organic ingredients, and its ability to function as a pilot facility for the development of future products and formulas. Our recently-commissioned study conducted by Hall & Partners concluded that Nu20's product attributes coupled with its contemporary packaging is perceived by the public as an organic, innovative, stylish and modern product which lends itself very readily to the highly lucrative target market of adult buyers of premium bottled water products. This agreement, once completed, will not only allow us to bring our current products to market more quickly, but also to begin much sooner with research and development of additional products and formulas."
ABOUT LIBERTY DIVERSIFIED HOLDINGS, INC.
Liberty Diversified Holdings, Inc. (Pink Sheets: LDHG) recently acquired 100% of the assets of XND Technologies, Inc. (XND), an Arizona corporation, including all of its proprietary formulations, patents and trade marks, and its existing production and distribution systems. XND has been working to produce and distribute a line of nutrient-enhanced bottled water products that contain no calories, no carbohydrates, no colors and most importantly, no flavors other than pure water, and does this using a patented process that is more efficient and less costly than others currently in use. This concept is unique because no other producer adds organic nutrients without also adding masking flavors, colors or sweeteners. Liberty has applied for a name change to reflect its new direction in the bottled water business and will be announcing its new name and symbol shortly. The Company has redirected its entire efforts to the premium bottled water industry and intends to market a full line of nutrient-enhanced water products to compete with currently available products such as VitaminWater and SmartWater. Initial products are expected to include those enhanced to provide vitamin support for general health, a diet formulation for weight watchers, an immune booster, an energy and fitness drink, and others. Liberty is also in the final stages of negotiations for the acquisition of assets for a second water company, and a further announcement regarding that transaction is expected very soon.
For more information call (949) 376-4846 or visit www.libertydiversifiedholdings.com (a new website reflecting the company's new name will be released shortly).
Caution Regarding Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results which are not yet available. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, the integration of acquisitions, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Liberty Diversified Holdings, Inc.
mdta (3.5) Newark Liberty International Airport Contracts for PASSUR Suite of Operations Tools
Friday, December 21 2007 8:28 AM, EST PR Newswire "US Press Releases "
GREENWICH, Conn., Dec. 21 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Newark Liberty International Airport , operated by the Port Authority of New York and New Jersey , has purchased subscriptions to PASSUR(R) inSight(TM) and Portal(TM) software solutions for their operations centers. These PASSUR solutions help airports achieve cost savings and operational efficiencies through instant communications, coordination and consistent information, for greater overall performance.
" Newark Liberty International came to us with the challenge of consolidating all their visual flight following, real-time airspace analysis, and operational situational awareness onto one platform," said Jim Barry, Megadata's president and CEO. "We're pleased they chose PASSUR to help manage one of the most complex and critical pieces of the nation's aviation infrastructure."
PASSUR Portal is an integral part of the "PASSUR 3C" program, providing a live snapshot of vital operational information on a "web dashboard" which combines multiple information sets derived from the one-of-a-kind PASSUR database, and tools for coordination, communication and consistent information sharing among all users.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
About Megadata
Megadata owns and operates a unique database of flight information with proprietary decision-making software, primarily powered by a growing international network of passive radars (PASSURs) located at more than 85 airports world-wide, including 33 of the top 35 U.S. airports -- from which it provides PASSUR information, analytics, and decision support tools to improve the financial condition and operational efficiency of aviation organizations. Megadata offers unique user friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including 8 of the top 10 U.S. airports; dozens of airlines, including 7 of the top 10 U.S. airlines; and more than 150 corporate aviation customers, as well to the U.S. Government. In addition, the company has created and implemented collaborative web-based software that allows the company's customers to instantly share information to improve individual and joint decision making, creating additional value for those customers.
Visit Megadata's web site at www.passur.com for updated products, solutions and PASSUR news.
The forward-looking statements in this news release relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2006 Form 10-K, and the July 31, 2007 10-Q.
Contact: Ron Dunsky
(203) 622-4086
(917) 587-9672
rondunsky@passur.com
SOURCE Megadata Corporation
cblrf (.12) Campbell Resources announces the closing of a $528,000 flow-through financing
Friday, December 21 2007 8:28 AM, EST PR Newswire "US Press Releases "
MONTREAL , Dec. 21 /PRNewswire-FirstCall/ - Campbell Resources Inc. (TSX: CCH, OTC Bulletin Board: CBLRF) ("Campbell") is pleased to announce that it has completed a non-brokered flow-through private placement (the "Private Placement") of 3,300,000 flow-through common shares priced at $0.16 per flow-through common share, for total proceeds of $528,000 .
All securities issued pursuant to the Private Placement are subject to a four month hold period. The Private Placement is subject to the final approval by the Toronto Stock Exchange .
The proceeds of the private placement will be used to fund further development of Campbell's operations in Chibougamau ( Quebec ).
Campbell is a mining company focusing mainly in the Chibougamau region of Quebec , holding interests in gold and gold-copper exploration and mining properties.
Certain information contained in this release contains "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to certain risks and uncertainties, including those "Risk Factors" set forth in the Campbell's current Annual Report on Form 20-F for the year ended December 31, 2006 . Such factors include, but are not limited to: differences between estimated and actual mineral reserves and resources; changes to exploration, development and mining plans due to prudent reaction of management to ongoing exploration results, engineering and financial concerns; and fluctuations in the gold price which affect the profitability and mineral reserves and resources of Campbell. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Campbell undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments.
SOURCE CAMPBELL RESOURCES INC.
uifc (7.0) Uniti Financial Names Paul (Seon-Hong) Kim President and CEO
Friday, December 21 2007 8:28 AM, EST Business Wire "US Press Releases "
BUENA PARK, Calif.--(BUSINESS WIRE)--
The board of directors of Uniti Financial Corporation (OTCBB:UIFC) today announced that Paul (Seon-Hong) Kim has joined the management team of the company and its wholly owned subsidiary, Uniti Bank , as president and chief executive officer, effective immediately. Kim was also appointed as a director of Uniti Bank , increasing the board to nine members.
Kim, 63, brings more than 35 years of experience in commercial banking and is most widely recognized for his leadership as president and chief executive officer of Center Financial Corporation (NASDAQ:CLFC) and its wholly owned subsidiary, Center Bank . From September 1998 through 2006, Kim led the company through an extraordinary phase of growth and spearheaded Center Financial Corporation's listing on NASDAQ in 2002. Under Kim's leadership, Center Bank expanded its branch network from five to 17 full-service branch locations throughout Southern California , Chicago and Seattle , plus nine loan production offices located in concentrated populations of Korean-American small business owners.
Currently, Kim serves as an adjunct professor at the College of Business and Economics at California State University , Northridge, instructing a "Management of Financial Institutions" course. He began his banking career in 1971 as a commercial loan officer for Korean Long Term Credit Bank in Seoul , Korea and was later promoted to division chief, business promotion department. From 1980 to 1986, Kim served as a senior vice president and branch manager at Pacific Union Bank , which was acquired by Hanmi Bank in 2004. In 1986, he joined Hanmi Bank and served in various roles of increasing responsibilities, including chief marketing officer, chief credit officer and chief financial officer over a 12-year tenure, before being named president and chief executive for Center Bank . Kim is a graduate of Seoul National University , and he earned his master's in business administration from the University of California at Berkeley.
"We are pleased to have such a proven community banking veteran join our team," said Michael S. Hyun, chairman of the board. "With the majority of his experience directly in Southern California , Kim possesses deep knowledge of the Korean-American community and commerce in the greater Los Angeles area. We believe his expertise will be an important asset to Uniti Bank , particularly given the challenges of today's financial markets. We welcome Paul and look forward to his leadership and guidance."
About Uniti Financial Corporation
Headquartered in Buena Park, California , Uniti Financial Corporation is the parent company of Uniti Bank , and is the only independent bank holding company headquartered in Orange County. Uniti Financial Corporation has assets in excess of $251 Million and operates 1 community bank with 3 banking offices located in Los Angeles and Orange Counties in California . The company specializes in providing personalized community banking services to individuals and small to mid-size businesses. Uniti Financial Corporation also offers the convenience of 24-hour access through ATM networks, telephone and on-line banking. Uniti Financial Corporation's common stock is listed on the OTC Bulletin Board under the symbol UIFC. Additional information may be found at the Company's web site at http://www.unitibank.com.
Source: Uniti Financial Corporation
wydpf (.1) Bighorn Petroleum Ltd., Flying A Petroleum Ltd., Tenaka Drilling Consortium Ltd. and Wyn Developments Inc. Provide Amalgamation Update, Announce Drilling at Trutch
Friday, December 21 2007 8:28 AM, EST Business Wire "US Press Releases "
VANCOUVER, British Columbia --(BUSINESS WIRE)--
Bighorn Petroleum Ltd. (TSX VENTURE: BHP) ("Bighorn"), Flying A Petroleum Ltd. (TSX VENTURE: FAB) ("Flying A"), Tenaka Drilling Consortium Ltd. ("Tenaka") and Wyn Developments Inc. (TSX VENTURE: WL) (FWB: YXE) (OTCBB: WYDPF) ("Wyn"), (collectively the "Partners"), continue efforts to complete the amalgamation into Canada Gas Corp. (the "Company") as soon as possible. Recent efforts have concentrated on financing the Company to meet near term commitments, which include both drilling and acquisition. Focus Energy Trust has now drilled the first well of the 2007/2008 winter season, the a-38-A/94-G-15 Triassic Halfway development well at Bougie Trutch. The well is now undergoing testing and completion and upon success, will be tied into production prior to the end of the 2007/2008 winter drill season (Q1 2008).
Wyn Developments Inc. and Flying A Petroleum Ltd. announce that they have each entered into bridge loan agreements with a third party investor for the total loan sum of $200,000 , subject to regulatory approval where required. Pursuant to the Wyn bridge loan agreement, the lender agreed to lend a total of $92,000 to Wyn. Wyn has agreed to issue the lender 92,000 of its common shares as a bonus at a deemed price of $0.10 per share, issuable upon receipt of regulatory acceptance of the Wyn bridge loan agreement. Pursuant to the Flying A bridge loan agreement, the lender agreed to lend a total of $108,000 to Flying A. Flying A agreed to issue 108,000 of its common shares to the lender as a bonus at a deemed price of $0.10 per share, issuable upon receipt of regulatory acceptance of the Flying A bridge loan agreement. The Wyn and Flying A loans are repayable upon the earlier of the completion of an equity financing by Canada Gas Corp. (the merged entity) and April 30, 2008 . The bridge loans bear interest at 12% per annum.
Discussions are ongoing among the Partners with a number of interested investor groups respecting the form and terms of an equity financing for Canada Gas Corp , however, the Partners will now finalize the share exchange ratios and seek conditional Toronto Venture Exchange acceptance of the transaction. The shareholder information circulars outlining the entire transaction with prospectus level disclosure will be distributed as soon as possible thereafter, ahead of shareholder meetings to be scheduled at least 25 days from mailing. After the meetings, the Partners will require court and final Exchange approval prior to the Company being called to trade.
ABOUT CANADA GAS CORP.
The Partners are currently active in three natural gas projects; the Prophet River, Bougie Trutch, and Trutch East natural gas development projects, all located in the Foothills region of the prolific natural gas bearing Western Canadian Sedimentary Basin, northeastern British Columbia, Canada . The Western Canadian Sedimentary Basin is home to many world-class oil and gas fields, and features extensive logistical infrastructure. The combined assets of Canada Gas Corp. will include:
-- A combined revenue stream from existing wells in production.
-- A 100% interest in the core asset, the 21 square mile Prophet
River Project.
-- A 100% interest in the recently drilled d-60-E/94-G-15 Prophet
River well, which as previously announced, yielded an initial
unstabilized gas flow of up to 7.943 MMcf.d. from the
Mississippian Horizon and excellent gas detection in the
Triassic Halfway Formation. This well has been confirmed a
'new pool discovery' by the British Columbia Oil and Gas
Commission .
-- A 100% ownership of the Prophet River 3D seismic data.
-- A 19.5% to 32.5% gross working interest in the Bougie Trutch
and Trutch East lands, including a third party overriding
royalty, subject to various terms.
-- A 19.5% to 32.5% gross working interest 6 Triassic Halfway
Formation wells: Three Triassic Halfway wells producing since
February 2007 , one well currently shut-in, one suspended, and
one currently undergoing testing and completion (a-38-A).
-- A 32.5% interest in 14,217 meters of six inch pipeline from
the Tommy Lake field to Trutch East and Bougie Trutch lands.
-- Milestone third party bonuses and stock payments from third
parties for successful tie-in on the Trutch East lands.
-- A combination of approximately $37 million in gross tax pools,
plus government royalty and exploration credits.
-- A British Columbia Oil and Gas Commission issued Operator's
license.
Mr. Thomas W. Bainbridge P.Geol., is the qualified consultant for the Company's natural gas projects and has reviewed and verified the contents of this news release.
Mr. A.J. Shah, P.Eng, of Reliance Engineering Group Ltd. has prepared these reserves evaluations in compliance with national instrument 51-101 policy.
For more information on the Partners, please visit www.wyndevelopments.ca, www.bighornpetroleum.com and www.flyingapetroleum.com. For more information on Canada Gas Corp. , visit www.canadagas.ca.
On Behalf of the respective boards,
WYN DEVELOPMENTS INC. FLYING A PETROLEUM INC.
"David McMillan" "Nash Meghji"
------------------ --------------------
David McMillan Nash Meghji
President & CEO President and CEO
BIGHORN PETROLEUM LTD. TENAKA DRILLING CONSORTIUM LTD.
"Darren Stevenson" "Alistair MacLennan"
------------------ --------------------
Darren Stevenson Alistair MacLennan
President & CEO President and CEO
COMPANY CONTACT INFORMATION
BIGHORN PETROLEUM LTD.
Suite 605, 535 Howe Street
Vancouver , B.C. Canada V6C 2Z4
Tel: (604) 683-7837
Fax: (604) 683-7881
info@bighornpetroleum.com
FLYING A PETROLEUM LTD.
Penthouse, 535 Howe Street
Vancouver , B.C. Canada V6C 2Z4
Tel: (604) 683-0466
Fax: (604) 685-8474
Toll Free: (800) 665-3250
info@flyingapetroleum.com
TENAKA DRILLING CONSORTIUM LTD.
Suite 718-744 West Hastings St.
Vancouver, BC , Canada V6C 1A5
Tel: (604) 684-1007
Fax: (604) 684-3033
Email: alistair@urg.ca
WYN DEVELOPMENTS INC.
Wyn Developments Inc.
520 - 700 West Pender Street
Vancouver, BC , V6C 1G8
Tel: (604) 685-5851
Fax: (604) 685-7349
Toll Free: (888) 685-5851
Email: chad@urg.ca
FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning the Partners' future production estimates, expansion of oil and gas property interests, exploration and development drilling, regulatory applications, payout estimates, capital expenditures, and drilling locations to be drilled in 2007/2008. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect the Partners' operations or financial results are included in the Partners' reports on file with Canadian securities regulatory authorities. The forward-looking statements or information contained in this news release are made as of the date hereof and the Partners undertake no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Oil and Gas Advisory. This press release may contain disclosure expressed as "boe." All oil and natural gas equivalency volumes have been derived using the ratio of six thousand cubic feet of natural gas to one barrel of oil. Equivalency measures may be misleading, particularly if used in isolation. A conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Source: Wyn Developments Inc.
qrsm (.52) QRS Music Technologies, Inc. Unveils New Park West Piano as Part of Story & Clark Signature Series Collection
Friday, December 21 2007 8:28 AM, EST Business Wire "US Press Releases "
NAPLES, Fla .--(BUSINESS WIRE)--
QRS Music Technologies, Inc. (OTC: QRSM), a leader in the design, manufacture and distribution of pianos, piano-based audio and multimedia products, music and piano accessories, today announced the introduction of the Park West, a new twist on the ubiquitous spade leg piano, designed to appeal to the more style-conscious customer.
"The details are what make the Park West distinctive from other spade leg pianos and a cut above," said Tom Dolan, president and chief executive officer of QRS Music Technologies, Inc. "Our dealers will love this piano; we predict the Park West will be the best-selling piano in our new Signature Series Collection."
The Park West is available in 5'4", 6'1" and 7' lengths and in satin ebony lacquer and high polish ebony finishes. Priced at under $20,000 , the Park West offers a level of style, performance and design not seen in this price range. It features a music rack, cabinet banding and leg detailing that are distinctive and bring a modern perspective to the classic spade leg design. The new Signature Series Collection features styles, scale designs and specifications determined exclusively by and for QRS. The Signature Series Collection will be unveiled at the NAMM show in January, 2008 in the QRS booth 321.
About QRS Music Technologies, Inc.
QRS Music Technologies, Inc. manufactures and distributes pianos and piano accessories, Pianomation(R) musical instrument digital interface (MIDI) systems for acoustic pianos, and compact discs and music rolls for player pianos. QRS is the creator of Pianomation(R), the first MIDI system to combine analog and digital technology to turn any piano into a reproducing player piano. QRS Music was founded in 1900 and is based in Naples, Florida . Additional information about QRS is available at www.qrsmusic.com.
Forward-Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statements containing words, such as, "believes," "should," "anticipates," "plans," or "expects" as well as other statements are forward-looking, and those statements involve risks and uncertainties outside of the control of QRS and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Attention is directed to cautionary statements in QRS filings on Form 10-KSB for the fiscal year ended June 30, 2006 and other QRS filings with the Securities and Exchange Commission . All those filings are available on the Web site of the Securities and Exchange Commission at www.sec.gov.
Illustration available upon request.
Source: QRS Music Technologies, Inc.
BUCA (.95) Italian chain Buca may be on the block: After a corporate scandal, years of losses and sales growth that's gone limper than overcooked linguini, the once red-hot Italian restaurant chain says it's open to a buyout. [Pioneer Press, St. Paul, Minn.]
Friday, December 21 2007 8:26 AM, EST Knight Ridder/Tribune "Business News "
Dec. 21 --The board of Minneapolis -based Buca Inc. said Thursday that it's exploring strategic alternatives, a move that often results in the sale of a company.
The decision at the once high-flying family-style Italian restaurant chain comes after financial losses and corporate scandal in recent years.
Phil Roberts, a Buca founder who left the company five years ago, said he still believes in the restaurant concept, though how it's run needs serious help.
"When I left we were on top of the world," said Roberts, also a founder of Oceanaire, Manny's, Figlio, Salut and Muffuletta. "We knew who we were and what we stood for and what the core values were. We weren't out there messing around with desperate measures."
One of those desperate measures criticized by Roberts was opening for lunch to increase sales. "If you do $400 at lunch and $1,500 in labor, what's the point?" he said.
Buca is on its way to a fifth-consecutive money-losing year. For the nine months ended Sept. 30 , it reported a loss of $10.9 million , or 53 cents a share, compared with a loss of $4.6 million , or 22 cents a share for the same period a year ago. Sales were virtually flat at $181.4 million .
In announcing the third-quarter loss last month, Chairman and CEO Wallace Doolin said, "The restaurant environment has been challenging this year." He said the company planned to add Buca di Beppo restaurants in 2008.
Sluggish sales and losses aren't the only problems the company has faced.
In 2004,
former CEO Joseph Micatrotto Sr. stepped down and turned over the keys to the Tuscan villa he'd put on the company tab.
Last year, Micatrotto, who lived in Las Vegas , settled a civil case with the Securities and Exchange Commission and paid a $500,000 civil fine and returned another $65,000 . He also pleaded guilty to one count of wire fraud and was sentenced earlier this year to 13 months in prison and fined an additional $250,000 . He's doing time in a federal prison outside Los Angeles .
Three other former Buca executives -- Greg Gadel, Daniel Skrypek and John Motschenbacher -- also were involved in pilfering funds.
Gadel, the company's former chief financial officer, was sentenced in federal court earlier this year to one year and one day in prison, fined $50,000 and ordered to repay Buca $76,180 .
Motschenbacher, who was Buca's chief information officer when he left the company, also was sentenced in federal court earlier this year to six months of community confinement and six months of home detention and fined $25,000 . He was ordered to repay Buca $145,000 .
Skrypek, Buca's former controller, was convicted last year of theft by swindle in Hennepin County District Court and sentenced to 150 hours of community service, court documents show.
Buca issued a news release in September saying that in 2004 and early 2005 it replaced its senior managers, beefed up its accounting policies, corrected weaknesses in its financial reporting and undertook a corporate ethics program.
Buca Inc. owns and operates 91 restaurants in 25 states and the District of Columbia . Piper Jaffray Cos., hired earlier in the year, is advising the company as it reviews options.
Thursday's announcement came after market close. Buca's shares on Thursday rose 20 cents , to 95 cents . At its peak in May 2001 , the stock traded at $25.15 . On Monday, shares closed at an all-time low of 65 cents .
Gita Sitaramiah can be reached at 651-228-5472 or gsitaramiah@pioneerpress.com.
To see more of the Pioneer Press , or to subscribe to the newspaper, go to http://www.twincities.com.
Copyright (c) 2007, Pioneer Press, St. Paul, Minn.
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc. , 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
dgng (2.8) Diguang International Sees Continued Strong Relationship with LG.Philips LCD
Friday, December 21 2007 8:18 AM, EST PR Newswire "US Press Releases "
SHENZHEN, China , Dec. 21 /Xinhua-PRNewswire/ -- Diguang International Development Co., Ltd. (OTC Bulletin Board: DGNG) ("Diguang"), an emerging, China -based leader in the manufacture of CCFL and LED backlights for the LCD display industry, today provided an update on 2007 shipments to its customer LG.Philips LCD and a forecast on shipments in the first half of 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO )
Since January of 2007, the Company's cumulative shipments to LG.Philips have totaled approximately 2 million backlight units, primarily reflecting market demand for 7" backlights. Diguang's ongoing business relationship with LG.Philips has further enhanced the Company's position in the mid-size TFT-LCD market. New product orders for backlights ranging from 7" to 10.4" support management expectations for estimated shipments totaling between 1.5 million and 1.8 million units in the first half of 2008.
"We see the outlook for continued strong shipments to LG.Philips LCD, especially an increased emphasis on LED backlights, as an endorsement of our technology leadership and quality assurance standards," commented Song Yi, the Company's President and CEO. "We look forward to working with this tier-one industry leader in the coming year."
About LG.Philips LCD
LG. Philips LCD Co., Ltd (NYSE: LPL; KRX: 034220) is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels. The company manufactures TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG.Philips LCD currently operates seven fabrication facilities and four back-end assembly facilities in Korea, China and Poland . The company has a total of 23,000 employees operating in ten countries around the world. Please visit http://www.lgphilips-lcd.com for more information.
About Diguang International Development Co., Ltd.
Diguang, through its subsidiaries, specializes in the research, development, production, sale and distribution of backlights and backlight technologies. A backlight is the typical light source of a liquid crystal display (LCD). The Company is focused on providing LED and CCFL backlights for international producers of televisions, monitors, cellular phones, digital cameras, DVDs and other home appliances. Diguang currently develops an average of approximately 50 new products per month. Diguang is a Nevada corporation with its manufacturing subsidiary located in Shenzhen, PRC, and its sales and marketing subsidiary located in the British Virgin Islands .
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Diguang's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: uncertainties related to expected orders, business conditions in China , weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Diguang is engaged; fluctuations in customer demand; management of rapid growth; intensity of competition from other providers of backlights; timing approval and market acceptance of new product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks, including but not limited to risks outlined in the Company's filings on Forms 10K and 10Q and other periodic filings with the U.S. Securities and Exchange Commission . Diguang does not assume any obligation to update the information contained in this press release.
For more information, please contact:
Company Contact:
T.C. Shen, Assistant to the President
Diguang International Development Co., Ltd.
Tel: +1-626-593-5486
Investor Relations Contact:
Sean Collins, Senior Partner
CCG Elite
Tel: +1-310-477-9800 x202
SOURCE Diguang International Development Co., Ltd.
tblu (.0005) TelcoBlue, Inc. Signs LOI With Damsonite International, LLC
Friday, December 21 2007 8:13 AM, EST Market Wire "US Press Releases "
LEXINGTON, KY -- (MARKET WIRE) -- 12/21/07 -- TelcoBlue, Inc. (PINKSHEETS: TBLU) is pleased to announce that the Company has signed a Letter of Intent with Damsonite International, LLC to acquire the assets of the company. This potential acquisition will enable TelcoBlue to enter the $62 billion jewelry industry starting in 2008. The Company will sell raw damsonite stones to jewelers, as well as produce finished gemstones and jewelry for sale to distributors worldwide.
Damsonite has all of the desired qualities required to be considered an exclusive "new classic." Other gems in this category are the rising stars of gemstone jewelry, including tanzanite, tourmaline, aquamarine, imperial topaz, and tsavorite garnet. These gems sell for approximately $50 to $1,000 per carat for an average to good quality one-carat cut stone. Some stones, such as tsavorite can reach upwards of $3,000 per carat. This acquisition of Damsonite International's assets will allow TelcoBlue to market this rare damsonite gemstone.
In addition to damsonite, Damsonite International, LLC sells and distributes a high quality product line of pearls, under the name Pearls by Van Tassell. Additionally, Pearls by Van Tassell has developed and marketed a specialty line referred to as "Daddy's Little Pearl," which is geared towards young girls and young women.
"We're very pleased to have signed a Letter of Intent with Damsonite International, LLC to acquire this jewelry innovator. In 2006, American consumers spent $62 billion buying jewelry and watches, posting a dramatic 6.5 percent increase over sales in 2005 of $58.4 billion ," stated Jim Turek, CEO of TelcoBlue, Inc.
TelcoBlue, Inc. recently announced that the Company will be exhibiting at the upcoming International Consumer Electronics Show (CES) in Las Vegas, Nevada , from January 7-11, 2008 . TelcoBlue will be exhibiting at the Sands Expo and Convention Center, where they intend to showcase "Telco TV," powered by DashSmart Technology; among other products in TelcoBlue's product portfolio.
About TelcoBlue, Inc. :
TelcoBlue, Inc.'s mission is to develop and acquire undervalued companies that have innovative technology that will potentially increase the growth of the Company. TelcoBlue, Inc. continues to seek out and capitalize on emerging technologies that will change the electronics community.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not 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.
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Contact:
For more information, please call:
Investor Relations
1-866-THE-APPL(E)
GNTA (.585) FDA to Extend Review of Data Quality Submission for Genasense(R) in Melanoma
Friday, December 21 2007 8:03 AM, EST PR Newswire "US Press Releases "
BERKELEY HEIGHTS, N.J., Dec. 21 /PRNewswire-FirstCall/ -- Genta Incorporated (Nasdaq: GNTA) announced today that the Company has received notice from the Food and Drug Administration (FDA) that FDA has extended its review period of Genta's request for correction of certain information that was filed pursuant to the Information Quality Act for an additional 60 days. The requested correction relates to FDA's assessment of progression-free survival (PFS) in the Phase 3 trial of Genasense(R) (oblimersen sodium injection) that was presented to the Oncology Drug Advisory Committee (ODAC) that considered Genta's New Drug Application for Genasense in patients with advanced melanoma.
"Melanoma is a key indication in our current Phase 3 development program", said Dr. Loretta M. Itri, M.D., Genta's President for Pharmaceutical Development and Chief Medical Officer. "A methodological error may have impacted ODAC deliberations, which voted unanimously that an improvement in PFS of some magnitude represents clinical benefit that could support regular approval in advanced melanoma."
About Genta
Genta Incorporated is a biopharmaceutical company with a diversified product portfolio that is focused on delivering innovative products for the treatment of patients with cancer. Two major programs anchor the Company's research platform: DNA/RNA-based Medicines and Small Molecules. Genasense(R) (oblimersen sodium) Injection is the Company's lead compound from its DNA/RNA Medicines program. Genta is currently recruiting patients to the AGENDA Trial, a global Phase 3 trial of Genasense in patients with advanced melanoma. The leading drug in Genta's Small Molecule program is Ganite(R) (gallium nitrate injection), which the Company is exclusively marketing in the U.S. for treatment of symptomatic patients with cancer-related hypercalcemia that is resistant to hydration. The Company has developed G4544, an oral formulation of the active ingredient in Ganite, that has recently entered clinical trials as a potential treatment for diseases associated with accelerated bone loss. Ganite(R) and Genasense(R) are available on a "named-patient" basis in countries outside the United States . For more information about Genta, please visit our website at: www.genta.com.
Safe Harbor
This press release may contain forward-looking statements with respect to business conducted by Genta Incorporated . By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Forward- looking statements include, without limitation, statements about:
-- the Company's ability to obtain necessary regulatory approval for
Genasense(R) from the U.S. Food and Drug Administration ("FDA") or
European Medicines Agency ("EMEA");
-- the safety and efficacy of the Company's products or product
candidates;
-- the Company's assessment of its clinical trials;
-- the commencement and completion of clinical trials;
-- the Company's ability to develop, manufacture, license and sell its
products or product candidates;
-- the Company's ability to enter into and successfully execute license
and collaborative agreements, if any;
-- the adequacy of the Company's capital resources and cash flow
projections, and the Company's ability to obtain sufficient financing
to maintain the Company's planned operations;
-- the adequacy of the Company's patents and proprietary rights;
-- the impact of litigation that has been brought against the Company and
its officers and directors and any proposed settlement of such
litigation;
-- the Company's ability to regain compliance with the NASDAQ's listing
qualifications; and
-- the other risks described under Certain Risks and Uncertainties
Related to the Company's Business, as contained in the Company's
Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
The Company does not undertake to update any forward-looking statements. There are a number of factors that could cause actual results and developments to differ materially. For a discussion of those risks and uncertainties, please see the Company's Annual Report on Form 10-K for 2006 and its most recent quarterly report on Form 10-Q.
CONTACT:
Nichol Harber
Genta Investor Relations
908-286-3980
info@genta.com
SOURCE Genta Incorporated
dksc (.195) Dakshidin Signs MOU With Indian Conglomerate, JCT Limited, Enters Multi-Billion Dollar Indian Market
Friday, December 21 2007 7:59 AM, EST Market Wire "US Press Releases "
NEW DELHI, INDIA and LAS VEGAS, NV -- (MARKET WIRE) -- 12/21/07 -- Dakshidin Corporation (PINKSHEETS: DKSC) (www.dakshidin.com), producers of the world's most powerful water pumping windmill, and JCT Limited (www.jcttextiles.com/) are very pleased to jointly announce that they have signed a memorandum of understanding for distribution and manufacturing capabilities of Dakshidin's RESTEC windmills in India .
JCT Limited is one of the leading manufacturers of textiles, and the flagship company of the Thapar Group , one of the largest Indian conglomerates, with revenues of approximately 2.7 Billion for the Group for fiscal year 2006-2007. JCT Limited's diversified business interest include: Nylon Filament Yarn operations in India and overseas operations include a textile mill in Malaysia . JCT was the first to set up a Color Picture Tube plant in India (manufactured by JCT Electronics Ltd. , in technical collaboration with Hitachi Ltd , Japan ).
The company has a balanced model for growth concentrating not just on improving its production techniques but also being a responsible corporate citizen contributing socially towards causes such as literacy and environment, and encouraging the development of sports and sports persons. Since 1951, JCT's constant achievements have enabled them to upgrade their manufacturing processes and capacity to world standards, as a direct result of collaborations with some of biggest multinational corporations.
JCT Limited has a strong position and efficient distribution within India and abroad. In addition to the distribution of Restec's windmills, the project aims to eventually manufacture the products as well. " JCT Limited is committed to helping solve India's water crisis," stated Samir Thapar, Managing Director of the company.
Under the terms of the MOU the JV will be a 50 - 50 partnership. The first windmills are expected in India in the first quarter of 2008.
"We realize a partner like JCT Limited brings Dakshidin to a whole new level. We estimate the market in India to be in the tens of billions of dollars," states Nick Laroche, President and CEO of Dakshidin Corporation . "We are teaming up with one of the longest established and most powerful manufacturing groups in India , a country in dire need of a solution to its water crisis. A partner of this magnitude will allow the JV to be aggressive in its marketing, and to reach and exceed our goals," continued Laroche.
India is in dire need of a solution to the country's water crisis:
-- The international Irrigation Management Institute says water tables
almost everywhere in India are falling between one and three metres each
year.
-- The World Bank estimates that 21% of communicable diseases in India
are related to unsafe water.
-- India's population of 1.06 billion is expected to grow by a further
500 million in the next 50 years.
-- 34% of India's children under age five are malnourished, and maternal
deaths account for nearly 25% of the world's childbirth-related deaths due
to unsafe water.
Source: World Health Organization, Water Crisis in India .
Restec's MARK 10 is the cost-effective and environmentally friendly solution for the world's water crisis and Restec's Mark 10 E is the cost-effective and environmentally friendly solution for the world's energy crisis!
About DKSC: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., produces the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill and the Restec Wind Turbine is the renewable, cost-effective and environmentally friendly solution for the world's water and energy crisis.
For more information please visit: www.dakshidin.com
CONTACT: ir@dakshidin.com
For information on JCT please visit: www.jctsfd.com
Forward-Looking Statements:
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
For Investor Relations contact:
Dakshidin Corporation
ir@dakshidin.com
Phone: (647) 477-8440