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DRGG .142 up .017 on great volume getting serious now
DRGG .131 ... Worth another look.
Monday October 16, 8:30 am ET
NINGBO, CHINA--(MARKET WIRE)--Oct 16, 2006 -- Dragon International Group Corp. (OTC BB:DRGG.OB - News), one of China's leading manufacturers and distributors of specialty paper products and packing materials, today announced record operating results for the fiscal year ending June 30, 2006. The Company posted $18.43 million in net revenues, a 63% increase over fiscal year 2005 net revenues of $11.28 million. Dragon generated $1.227 million in operating income, a 620% increase compared to $175,000 in fiscal 2005. Excluding stock-based compensation and non-cash charges related to Dragon's July 2005 debt financing and its conversion into equity this past fiscal year, EPS would have been $0.02 per share. The Company ended the fiscal year with stockholder equity of $8.246 million, approximately $0.14 per share, a record level for the Company. For more information about our financial performance, please review our 10K filing with the United States Securities and Exchange Commission.
What's the O/S? Sorry if posted earlier. Too many times everybody jumps in not knowing. TIA.
NVMG .0055 ... Trading where it was before the Shell Oil news hit ... could be a good entry here.
CYDF ... Yesterday after the bell news worth noting. This one moves quickly with a little volume.
WWAT on its way to 52 week volume high too.
WWAT coming off 52 weeek lows, has room to roam on revenue news
WWAT On News ...
WorldWater & Power Achieves Record Revenue for Quarter and Gives Guidance for Fourth Quarter
Business Wire - October 10, 2006 12:39
PENNINGTON, N.J., Oct 10, 2006 (BUSINESS WIRE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced preliminary results for the third quarter ended September 30, 2006 and provided guidance for the remainder of 2006 and for 2007. Revenue for the third quarter, a record, will be in the range of $5.8 - $6.1 million, and gross margins will also be at record highs. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California. WorldWater & Power expects that revenue in the fourth quarter will be between $8.5 and $9.2 million, with additional improvement in gross profits.
"We are very pleased to announce that, as expected, we will post our best quarter in the company's history when we report full financial results in mid-November," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and have basis to project significantly stronger growth in 2007. We also expect to close the Entech acquisition by the end of 2006 and are currently submitting joint bids on projects as large as 50 Megawatts in size. In addition, geopolitical events continue to provide tremendous growth opportunities for the solar industry."
About WorldWater & Power Corp:
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
Forward Looking Statement:
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
SOURCE: WorldWater & Power Corp.
WorldWater & Power Corp.
Jessie Sullivan, 609-818-0700 X20
JSullivan@worldwater.com
or
Press Contact:
Mike Breslin Productions LLC
Mike Breslin, 201-652-1287
mbrez@aol.com
or
Investor Contact:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening / Chris Witty, 212-838-3777
cwitty@lhai.com
Copyright Business Wire 2006
NVMG .... Combined with Shell Oil news of last week and oversold conditions, this one should take off again.
NVMG ... NEWS
NAEG Granted License to Build Affordable, Safe, Energy-Efficient Homes on All Federally Recognized U.S. Indian Reservations
Business Wire - October 10, 2006 10:14
FOREST HILLS, N.Y., Oct 10, 2006 (BUSINESS WIRE) -- Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG), a company that specializes in locating and revitalizing shut-in production and/or abandoned oil fields on and off tribal lands, is pleased to announce that on October 4, 2006, the Company signed a Joint Venture Profit Share Agreement with homebuilder, Eurowest Panel Homes Ltd., a corporation organized and existing under the laws of the Province of Alberta ("Eurowest"), in which Native American Energy Group (NAEG), as Master Licensee, was granted an exclusive, non-transferable right to use the Patents, Trade-marks and the Systems Knowledge in connection with the Licensee's manufacture, sale and distribution of CSPS, and related products, as well as the use of the Patents, Trade-marks and Systems Knowledge, within the Territory (the "License"). Said Territory includes all 562 Native American Indian Tribes and all Native American reservations in the Unites States recognized by the United States Department of Interior - Bureau of Indian Affairs, as well as and including, the non-tribal lands in the following states in the Northwest Region of the United States of America: Montana, Wyoming, North Dakota, South Dakota, Idaho, Oregon, Washington.
NAEG's CEO, Joseph D'Arrigo, stated, "We've been helping the native Montana community of Fort Peck, where our Company is established, to use their energy resources as the foundation for building a stable economy... since oil is NAEG's main business, however, our study of this area has lead our Board to conclude that a multi-faceted approach was really in order. This joint initiative with Eurowest, at once, provides access to the affordable housing market on the reservations, and throughout the northwestern U.S. to our Canadian Partner, while at the same time it allows NAEG the chance to help expand homeownership opportunities within Native American communities here and elsewhere by creating safe, efficient, affordable housing. Therefore, Eurowest Panel Homes Ltd. and Native American Energy Group, Inc. (NAEG), the Licensee, will operate on a (50% / 50%) fifty / fifty profit share basis regarding all net profits after expenses on this particular project. The protocol also calls for a jointly owned manufacturing plant to be established on the reservation, and a complete technology transfer." "Upon our receiving the approvals," D'Arrigo added, "upon introducing this technology to Indian Country, Eurowest will supply a 'model home' to be placed at an agreed location for marketing the Eurowest Panel Home Technology."
About the Eurowest Technology
Eurowest has developed a unique, cost-effective method of manufacturing a Cellular Cement Filled Steel Panel System for residential homes, commercial buildings, warehouses, farm buildings and other structures that has been perfected during the past several years, and a patented process which also includes a Polymer Stucco Coating on the exterior and interior of the steel panels referred to as the "Eurowest Panel System." The Joint Venture will also market the value added on products such as the solar panels, water and sewage treatments and garbage handling technologies.
The "Eurowest Panel System" offers significant advantages over the conventional wood-framed, log, stone, concrete and brick buildings:
-- Reduced overall cost
-- Reduced manufacturing and erection time
-- Easy to mass produce in any part of the Globe
-- Requires only minimal skills to erect
-- Easy to assemble or disassemble and move
-- Superior strength
-- Will not shrink, warp, split, swell, rot, or rust
-- Withstands winds in excess of 200 km/hr
-- Earthquake resistance to seismic zone 4
-- Fire-resistant
-- Burglar resistant
-- Termite and rodent proof
-- Lower Insurance Cost
-- Preservation of trees
-- Steel is 100% Recyclable
Eurowest has been operating its research and design, prototype plant at a facility in Northeast Calgary, just North of NAEG's oil & gas operations, which are just 60 miles from the Canadian border. Eurowest also has an office in the Philippines whereby factory plant equipment required is manufactured. During 1999, Eurowest established a connection with Mexico when it contracted to build 100 homes there, and the company began to receive some favorable press. A newspaper article entitled, "Calgary firm ships prefab homes to Mexico" can be seen at the following link that also includes a current photograph of a one of their finished houses:
http://www.nativeamericanenergy.com/eurowest/calgaryherald.pdf
Housing Shortage Problem Defined
The National American Indian Housing Council (NAIHC) provides us with the following Indian Housing FACT SHEET: http://www.naihc.net/news/index.asp?bid=6316
An "Immediate Need" of 200,000 housing units is estimated in Indian country, * and approximately 90,000 Native families are homeless or under-housed. * (U.S. Commission on Civil Rights, "A Quiet Crisis: Federal Funding and Unmet Needs in Indian Country," 2003) The average cost of a new home on a reservation is $125,000. (U.S. Department of Housing and Urban Development (HUD), 2003), however, the Native American homeownership rate is estimated to be as low as 33%, lowest among all ethnic groups and less than half the rate for the general U.S. population. ("Homeownership in Indian Country," The Enterprise Institute, 2004)
Statement of Pattye Green, Senior Business Manager, Fannie Mae
Speaking before the Committee on House Financial Services Subcommittee on Housing and Community Opportunity on July 31, 2006, Pattye Green emphasized that, "Finding ways to create affordable housing opportunities for Native American families living on tribal lands is one of the toughest challenges we face. ...We all know too well the statistics regarding Native American housing. The homeownership rate on reservations is 41 percent, well below the national average of 68 percent. Native Americans have chronic housing problems -- overcrowding, substandard conditions, inadequate infrastructure and a lack of affordable financing. According to the National American Indian Housing Council, nearly 33 percent of homes on tribal lands-more than six times the national average-are overcrowded, less than half of the homes in Indian Country are connected to public sewer systems, and 16 percent of these homes lack complete indoor plumbing. Almost half of Indian households pay more than 30 percent of their income for housing expenses, compared to 23 percent of all households in the U.S." In addition, she stated however that, "Fannie Mae has worked closely with tribes and other housing partners to support both the construction of new units and rehabilitation of existing units through investments in low- income housing tax credit investments (LIHTC), collateralized revenue bonds, and HUD guaranteed Native American Housing Assistance and Self Determination Act (NAHASDA) Title VI loans. We have also begun to provide Tribal Housing Authorities with additional financing via our Community Lending business channel to help bridge funding gaps during the construction phase of their developments."
Conclusion
Back in May of this year, Joseph D'Arrigo, Chief Executive Officer, and Raj Nanvaan, Chief Financial Officer of Native American Energy Group attended the Council of Energy Resource Tribes conference (CERT) in Denver Colorado where they had the opportunity to meet with directors and administrators from various organizations such as the U.S. Department of Housing & Urban Development (HUD), U.S. Department of Energy (DOE), as well as, Joe Garcia, the President of the National Congress of American Indians (NCAI). These organizations work together in promoting self determination among Native American tribes in the United States by implementing programs and workshops to educate, guide and assist them in achieving their objectives, and to promote economic development in these various regions.
Since then, NAEG has been in contact with these organizations as well as housing authorities of many reservations in the country to implement a plan of action geared to assist Indian Country in meeting this demand of over 200,000 homes. This action would not only provide housing for those in need, but also stimulate the economies by providing employment opportunities, as well.
About Native American Energy Group, Inc. (OTC Pink Sheets:NVMG) http://www.nativeamericanenergy.com/aboutus.htm
NAEG's previous achievements can be accessed on the Investor Relations page: http://www.nativeamericanenergy.com/investorrelations.htm
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE: Native American Energy Group, Inc.
VACM in $12M Production Deal.
Press Release Source: ValCom, Inc.
ValCom, Inc. Signs $12 Million Production Deal with Digital Animation Media
Tuesday October 10, 9:30 am ET
LAS VEGAS--(BUSINESS WIRE)--ValCom, Inc. (OTCBB: VACM - News; Frankfurt XETRA: VAM), a Las Vegas-based entertainment production company, has joined Digital Animation Media, Ltd., a privately held Irish corporation headquartered in Dublin, Ireland, and signed a joint venture to produce the full-length feature film, The New Zoo Revue. The budget for the film is $12 million and is scheduled for production in 2007.
ADVERTISEMENT
The New Zoo Revue, a true American classic, made three White House appearances and was part of the Macy's Thanksgiving Day Parade and aired in over 40 countries. This feature film will bring back the fun-loving characters of Henrietta Hippo, Freddie the Frog and Charlie the Owl to the memories of over 100 million Americans.
Vince Vellardita, chairman and CEO of ValCom Inc., said, "We are excited to announce our plans to do this feature film with Digital Animation Media, Ltd. They have a long-standing presence in several key European markets and the market leader in Ireland. We have been waiting for this deal for over two years, and it not only will provide an excellent footprint for Digital Animation to expand its North American presence but represents one more step in ValCom's commitment in bringing shareholder value and increasing our revenue base."
Digital Animation Media, Ltd. is one of the premier independent animation companies in Europe and a leading provider of animation software to other production companies worldwide.
Frank O'Donnell, Executive Director of Digital Animation Media, Ltd., stated, "We are really excited to bring this children's animated feature film to the table and partner with ValCom in the United States. While we are experienced in various media including feature films, television and interactive games, our animation department has been busy with several co-productions with ValCom properties to be announced soon."
About Digital Animation Media, Ltd.
Based in Dublin, Ireland, Digital Animation Media develops, produces and exploits a variety of animation-related assets worldwide. The company's animation division has been operating in Ireland since 1995 and has produced numerous interactive games, feature films, TV series and direct to video properties with various companies, including Disney, Warner Bros., Nickelodeon, Hasbro, Mattel and Intel. The company has several award-winning features and TV series in its library, as well as a pipeline of future projects in development. Through its subsidiary, Cambridge Animation Systems, operating since 1992, the company sells the industry-leading animation software package, Animo. Animo has a global customer base of over 3,000 seats in 50 countries and is used in virtually every major animation production facility around the world.
About ValCom, Inc.
Based in Las Vegas, Nev., ValCom, Inc. is a diversified and vertically integrated, independent entertainment company. ValCom, Inc., through its operating divisions and subsidiaries, creates and operates full service facilities that accommodate film, television and commercial productions with its four divisions comprised of: studio; film and television; live theatre; and broadcast television. ValCom's clientele list consists of all of the majors such as MGM, Paramount Pictures, ABC, CBS, Sony, NBC, etc.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
Contact:
ValCom Inc., Las Vegas
Sandy Markham, 702-385-9000
www.valcom.tv
--------------------------------------------------------------------------------
Source: ValCom, Inc.
NVMG .009 cheap ... This one will be back with PRs re Shell Oil relationship.
SBTG ... Moving up nicely and great volume.
VICI .0049 Merger News ...Time to take another look. Down from earlier high .007
MODC coming back ... .09/.10 now.
MODC ... could be a steal now at .07. Was up to .16 just yesterday on cancer detection news. Low floater.
PLRS volume running at 52 week high.
PLKC ... Your math looks right to me ... that's a strange one all right.
Do you think it's toast now? 50% down from .025, not looking good huh?
NVMG sneaking up again. Watch out.
Doubt that we've heard the end of this. Yeah the O/S is huge, but the float's decent and the drop was overdone, I believe. I sold right after the share structure news came out, but was able to get back in just before the bell.
GBMR .017 ... Low O/S, trying to make a move off the bottom, has had decent news recently to push it. This is worth a buy here imo.
MODC steadily climbing. Gotta love the low float and potential on news.
Unfortunately I agree, not what was hoped for. Oh well.
I saw that earlier, but 200K float only? I hope it's right, but have to question it. I called IR and am waiting for a callback. GLTA.
NVMG .019 Near HOD
NVMG ... Super News ... Purchase Agreement with Shell Oil
NVMG -- Native American Energy Group, Inc.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
NAEG Announces Oil Sale and Purchase Agreement with Shell
FOREST HILLS, N.Y., Oct 3, 2006 (Canada NewsWire via COMTEX) -- Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG) is pleased to announce it has signed an Oil Sale and Purchase Agreement (SPA) with Shell Trading (US) Company (Shell), and is to begin supplying high-gravity oil from its producing wells in N.E. Montana to Shell immediately.
Shell Trading buys and sells several million barrels of hydrocarbons per day in physical markets, making it one of the largest petroleum supply and trading organizations in the industry. The above SPA was consummated in August, subsequent to the sample testing, approval and purchase, by Shell, of NAEG's initial oil production from the Tribal 7-A and COX 7-1 wells located on the Fort Peck Indian Reservation. Said contract shall be ongoing, and the purchase price adjusted-to-market at regular intervals during which unlimited period, Shell will acquire all future oil production from all NAEG wells in Montana.
Raj Nanvaan, Vice President and CFO of Native American Energy Group, stated, "We are pleased that Shell Trading was enthusiastic about being our buyer. This represents NAEG's first sale of oil to the North American oil market. We look forward to this relationship with Shell on our Montana project, and believe both Native American Energy Group and Shell will benefit from this interaction. I am happy to report to shareholders and investors, alike, that Native American Energy Group is firmly and uniquely positioned, today, in our niche. The nation's demand for energy has increased as a result of factors like the booming economy, high population growth, industrialization and urbanization. There is increasing demand for oil and natural gas as a consequence of this increase in demand for energy."
Joseph D'Arrigo, President and CEO of Native American Energy Group further commented, "By design, NAEG has gained the geographical advantage to help meet this demand for oil & natural gas by acquiring an infrastructure and inventory of historically producing wells in the oil & gas rich, Williston Basin region; while at the same time, NAEG's production results, I am very pleased to say, also benefit local Native American tribal communities and landowners whom are in need of revenues from those resources. This has become our "niche," as we were invited to do. As an independent energy company in current production on tribal land, we, at NAEG, aim at meeting the energy demand of our country by means of these oil and gas development projects, as well as, contributing to the economic well-being & long-term stability of all of Montana's native tribes that are involved. Therefore, NAEG carries on studies, acquires and develops prospective leases, and reaches agreements with natural gas and oil suppliers such as Shell to help meet this increasing demand. We will continue with the good work we have started here, as NAEG strives to meet its production schedule."
About Native American Energy Group, Inc. (OTC Pink Sheets: NVMG) http://www.nativeamericanenergy.com/aboutus.htm
NAEG's previous achievements can be accessed on the Investor Relations page: http://www.nativeamericanenergy.com/investorrelations.htm
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE: Native American Energy Group, Inc.
IFTC - News ... potential multi billion dollar market
Press Release Source: Infotec Business Systems, Inc.
Infotec signs exclusive deal with Saudi Arabian Telecom to bring wireless and video streaming services to Middle East
Thursday September 28, 12:32 pm ET
Agreement calls for Infotec to process minimum 150 million SMS annually
VANCOUVER, Sept. 28 /PRNewswire-FirstCall/ - Arthur Griffiths, CEO of Infotec Business Systems, Inc (OTCBB: IFTC - News) today announced the signing of an exclusive agreement with a Saudi Arabian Telecom operating in Canada under the trade name, MAZSKY CANADIAN INTERNATIONAL GROUP INC. (MAZSKY), to deliver its leading edge, 4th generation wireless and related video steaming services to global markets, including but not limited to China, Middle East and Africa. In addition, MAZSKY has also committed to expand the growing and unique program content now available for public viewing on INFOTEC'S (www.infotecbusinesssystems.com) internet broadcast television network, WAVELIT.COM. Terms of the agreement were not available at press time.
ADVERTISEMENT
"The significance of this strategic and exclusive alliance with MAZSKY cannot be overstated," emphasized Mr. Griffiths. "Both we and our Saudi partners believe this to be a multi billion dollar market opportunity waiting to explode."
Further to this announcement, Infotec will be able to simultaneously offer Mazsky solutions and innovations to other global markets as well, by integrating Mazsky solutions into the Infotec product line. Market entries in both the Asia and the Middle East will dramatically enhance international brand name recognition for both our company's in the weeks and months that follow.
This new partnership is projected to be highly profitable on numerous levels. The current agreement calls for Infotec to process over 150 Million SMS to new customers across the Middle East over the next year. VoIP solutions are also in development and will be deployed throughout Saudi Arabia and other Middle Eastern Countries over the next quarter. Mazsky in turn will be provide unique content to enhance the Wavelit network, as Infotec will now become a "Triple Play" distributor to its expansive audience, thanks to another partnership with "Netpower".
"I couldn't be more excited about this new agreement. For the last year, the entire Infotec family has been focused on building a truly global brand, and we are finally on our way to achieving it," said Infotec CEO Arthur Griffiths.
"This is a monumental day for our two organizations. This new partnership with Infotec signals the next chapter in our companies' growth and our ability to connect the world with new media technologies," said Mazsky CEO Dr. Yusuf I. Qassim.
"By working together under this new agreement, Infotec and Mazsky can catapult the broadband streaming and wireless industries into a new era of opportunity on a global scale. By improving the technology and making it available to larger markets, we're building our organization to be the premiere name in web streaming solutions, worldwide," added Griffiths.
About Infotec Business Solutions, Inc.
Infotec Business Systems, Inc., (IFTC.OTCBB) during the second quarter of 2006, Infotec has rolled out its proprietary multi-channel, broadband full service television network WAVELIT.COM. Infotec is in the final development stages of this advertising-driven content delivery engine that will offer a variety of on-demand television to viewers via set-top box. Infotec has fully tested its new point of presence location in the Quinby Building in Los Angeles, California - firmly establishing a foundation for the delivery of our services on a global scale. The site provides Infotec the ability to directly access all major Internet carriers and hundreds of Satellite TV stations enables operations to be quickly scaled to meet future demands and dramatically reduces the cost of content delivery.
About Mazsky International
Mazsky Intl Ltd delivers broadband wireless access (BWA) systems and related unique applications interfaced with the (BWA) since 2004. Our company developed a unique and innovative (BWA) couples with the Surveillance Tracking with built in Camera for security makes it the world leader in this technology. MazAccess combining the advance 802.16 fixed wireless MAC with common 802.11 wireless LAN RF Chipsets.
Mazsky goals is to truly be a convergent company with state of the Art Technology in Broadband, VOiP, IP Services, Security, Internet, Webcast, Streaming , Video, IPTV, Live Broadcast on PDA, Mobiles, Computers. Live Chat on PDA, Mobiles, Computers. Distance Learning, video on demand and many more applications. Our company is able to discern advantages irrespective of infrastructure. We have built our system to operate in harsh requirements of Broadband Services, like high throughput, that exhibits the highest QoS, self install radios, with affordable price tag.
About NetPower
NetPower is based in Singapore and is doing business in the Singapore, Philippines and China and partners include Singapore Telecom and Philippines Telecom. NetPower has been awarded a contract by China's 4th largest ISP, Greatwall Broadband Network (GWBN) to provide wireless as a last mile solution throughout GBWN national fibre network. NetPower will be responsible for backhaul, engineering, maintenance, sales and network operations centre.
---------------
Forward-Looking Statements:
This press release 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. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated by these statements. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new opportunities, and the unpredictable nature of business risks; as well as the ability to establish and grow brand awareness of IFTC and other factors set forth in the Company's most recently filed SEC reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to update the statements contained in this release.
CONTACT: Investor Relations/Public Relations: Christopher I. Bennett, NSM, cb@newschoolmedia.biz
--------------------------------------------------------------------------------
Source: Infotec Business Systems, Inc.
WLKF ... HUGE HUGE volume, coming off of lows with revenue news, already up 40% ... should climb much higher.
Sounds like a bogus excuse to me, how could they not know that all companies had to be included? How does the auditor not consult with them in detail? I'm long and plan to stay long til a reversal in their outlook or something like that, but I don't think there's a great deal of concern on the companies part for the average shareholder right now, despite their attempts to appear otherwise.
XKEM ... Recently out per 8-Ks. Any take on compensations for VPs?
25-Sep-2006
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Please see the disclosure under Item 5.02 herein.
Item 5.02 Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
On Tuesday, September 19, 2006, the board of directors of Xechem International, Inc., agreed to appoint Colonel (retired) Bhuwan C. Pandey as its vice president of international operations. Col. Pandey will receive an annual salary of $250,000, an option to purchase 20,000,000 shares of the company's common stock at $0.026 per share and customary vacation, severance, health and other benefits. Col. Pandey is the brother of Dr. Ramesh Pandey, the company's CEO, CFO, chairman and president.
Col. Pandey joined our subsidiary, Xechem India Pvt. Ltd., in 1993 as the managing director and member of the board of directors. Col. Pandey joined Xechem Pharmaceuticals Nigeria Ltd. on its inception in 2002 where he served as general manager. He is also a non-voting member of the board of directors of Xechem Pharmaceuticals Nigeria Ltd. and Xechem India Pvt. Ltd. A graduate from India Military Academy, he has a distinguished career in the Armed Forces of sovereign Republic of India. He served with the coveted regiment of Gorkhas, was awarded the PURPLE HEART and was recognized by the President of India and awarded the Army Medal (Sena Medal) for valour and selfless devotion to duty beyond the call and nature of service.
Col. Pandey received compensation for services performed for Xechem International, Inc. and Xechem Pharmaceuticals Nigeria Ltd, in the amount of $170,685 in 2004, $124,683 in 2005 and $125,000 in 2006. From 2004 through 2005, he received options to purchase 15,000,000 shares at $0.03 per share in 2004 and an option to purchase 500,000 shares at $0.07, and a warrant to purchase 5,000,000 shares at $0.15 per share. He has also loaned the company $10,000.
On Tuesday, September 19, 2006, the board of directors of the company agreed to appoint Howard Becker as its vice president of operations. Mr. Becker will receive an annual salary of $240,000, an option to purchase 10,000,000 shares of the company's common stock at $0.026 per share (which options vest over a period of two years, 4,000,000 of which vest immediately) and customary vacation, severance, health and other benefits.
For approximately one year prior to his appointment, he served as our consultant. Before joining us, Mr. Becker served as a business consultant to a variety of companies through his private consulting firm. Mr. Becker is also a licensed attorney and practiced law for eighteen years in New York City, specializing in business reorganizations and corporate restructuring, including ten years at Kaye, Scholer, Fierman, Hays & Handler, LLP. He was also associated with Skadden, Arps, Slate, Meagher & Flom, LLP and Milbank, Tweed, Hadley & McCloy, LLP.
Mr. Becker received compensation for services performed for the company in the amount of $98,000 in 2005 and $120,000 in 2006.
Item 9.01 Exhibits.
(c) Exhibits.
None.
ISBL .014 ... up over 50%. Most recent news ....
ISBL -- Ise Blu Equity Corp.
Com (1 Cent)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Ise Blu Equity Corp. Completes Acquisition of Webster Worldwide
COLUMBIA, Md., Sept. 6, 2006, Sep 6, 2006 (PRIMEZONE via COMTEX) -- Ise Blu Equity Corp. (Pink Sheets:ISBL) announced today the completion of the acquisition of Webster Worldwide and its subsidiary Fibrewall USA.
Fibrewall has developed a revolutionary, yet basically simple system for wall covering and decorating that is sure to capture a fair share of this enormous market. It has already been distributed to major home improvement outlets in Canada.
The company has an aggressive marketing and sales plan for the continental United States. The Sales network is in place and the example of the target clients are Home Depot, Loews, and Ace Hardware, etc. The Canadian operations will continue their expansion and will continue to sell to their current clients such as Home Depot, Loews, etc.
"I am excited about the acquisition of Webster Worldwide and all the possibilities that come along with it. The product is unique and priced well and our thoughts are that this acquisition will drive revenues and profit for the company as a whole. I have been working with Webster Worldwide President and CEO Randy Webster and the growth plan presented is extremely aggressive and once executed will increase revenues dramatically," states Mel Rich President and CEO of Ise Blu.
"The product will beautify any interior with Fibredecor. The product is durable with a wide range of designer colors. All you do is simply mix with water and roll on. No seams -- no mess -- no odor. It is decorating made simple. The texture, color selection, versatility, ease of application, durability and ease of repairs is what has made Fibredecor a success," says Randy Webster, President/CEO of Fibrewall USA.
About Ise Blu Equity Corp
Ise Blu Equity Corp, a Nevada corporation, is a holding company which specializes in investments from the Consumer Goods, Commodities, Entertainment and Technology sectors.
"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission."
About Fibrewall USA Inc.
Fibrewall USA Inc. is the proud manufacturer of Fibredecor Designer Wall coatings. With manufacturing facilities located in Phoenix AZ, Fibrewall USA serves the growing global market for our products. With distributors in various parts of the world already, we are still interested in constantly adding new distribution channels to our group.
Fibredecor Designer Wall coatings are unique and innovative wall coatings that combine the beauty of texture with the unique color combinations faux finish techniques without the mess of paint type finishes. The one step easy application of Fibredecor is appreciated by the thousands of satisfied customers of our product. An added benefit is that due to the textured nature of Fibredecor wall imperfections are easily covered saving many hours of wall preparation and stress.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Ise Blu Equity Corp.
VMDG .... Up on good volume. Float extremely low. Recent news ....
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Perihelion Global Announces Acquisition of Patented Gold Mine with Minimum Gold Reserves in Excess of $737 Million USD
SANTA ROSA BEACH, Fla & SALT LAKE CITY, Sep 21, 2006 (BUSINESS WIRE) -- Perihelion Global, led by Chairman, Chief Executive Officer & President John H. Beebe announced today that it has reached an agreement in principal to acquire privately held Saturday Night, LLC; sole owners of a Patented Gold and Silver mine (Patent Claim Number 5797) in Box Elder County, Utah with Minimum Gold Reserves in excess of $737,000,000.00 USD (Seven Hundred Thirty Seven Million US Dollars).
"I am excited to announce the acquisition of Saturday Night, LLC," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "This was a key acquisition for Perihelion Global and will support the fundamentals for a strong price per share. This acquisition will further enable the timely execution of our well planned campaign of strategic acquisitions to enhance our existing assets and capabilities."
Dr. Patrick LaRive, Chief Executive Officer of Saturday Night, LLC stated, "Seeing the overall vision and strategy of John H. Beebe for Perihelion Global and in researching his extremely successful prior business accomplishments I am confident that this venture will make history." Adds LaRive, "Perihelion Global's goals and objectives to lead and excel in our industry are directly in line with our aspirations. I am honored to become a part of such a dynamic company."
Brian Charlesworth, Chief Operating Officer of Saturday Night, LLC, states, "John H. Beebe's track record as a successful business leader and visionary makes this an exciting merger for us. We strongly believe Perihelion Global is positioned for long term growth and success. With our combined corporate resources we are confident that Perihelion will not only make a difference in the local economies where we operate, but throughout the world."
There have been three certified geologist valuations of the patented Gold reserves which determined a minimum of 1,277,950 ounces of Gold - (One Million Two Hundred Seventy-Seven Thousand and Nine Hundred Fifty oz Au). Two valuations were conducted by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines; conducted initially in 1983 and again subsequently in 2000. These were filed with the Bureau of Land Management (BLM) Salt Lake City, Utah; US Department of the Interior Salt Lake City, Utah; Utah Division of Oil, Gas and Mining Salt Lake, Utah.
The third report reviewing and certifying the minimum measured amount of Gold being 1,277,950 ounces (one million two hundred seventy seven thousand and nine hundred fifty oz Au) was conducted in March 2006 by John Yellich, Certified Professional Geologist, American Institute of Professional Geologists (CPG-No. 7538); Licensed Geologist, State of Washington (LG-No. 891); Graduate studies in Geology, Western Michigan University, Kalamazoo, Michigan, 1971; BA in Geology, Western Michigan University, 1968.
Terms of the proposed acquisition of Saturday Night, LLC are cash and a 12% total stake in Perihelion Global. The proposed acquisition is expected to be finalized within 30 days and private funds will be used for the cash portion of the deal as well as and any additional financing that might be required. The new website of Perihelion Global is currently under development and will be fully published pending the release of subsequent corporate news. Additionally, Perihelion Global's proposed merger with publicly held Vision Works Media Group (OTC:VMDG) is expected to become final within the next two weeks.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications. Website: http://www.perihelion.com Toll Free Phone: 866-748-7610.
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.
Relating to the proposed transaction with Perihelion Global:
-- The business of Saturday Night, LLC and Perihelion Global may not be combined successfully, or such combination may take longer to accomplish than expected;
-- the cost savings from the merger may not be fully realized or may take longer to realize than expected;
-- operating costs, customer loss and business disruption following the merger, including adverse effects on relationships with employees, may be greater than expected;
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.
SOURCE: Perihelion Global
CONTACT: Perihelion Global, Santa Rosa Beach
Vision Works Media Group
John H. Beebe, 866-748-7610 (Toll Free) x 719
john@perihelion.com
I just hope they don't call Nancy Grace.
VMDG NEWS ... $$$ 737 $$$
Press Release Source: Perihelion Global
Perihelion Global Announces Acquisition of Patented Gold Mine with Minimum Gold Reserves in Excess of $737 Million USD
Thursday September 21, 4:39 pm ET
SANTA ROSA BEACH, Fla & SALT LAKE CITY--(BUSINESS WIRE)--Sept. 20, 2006--Perihelion Global, led by Chairman, Chief Executive Officer & President John H. Beebe announced today that it has reached an agreement in principal to acquire privately held Saturday Night, LLC; sole owners of a Patented Gold and Silver mine (Patent Claim Number 5797) in Box Elder County, Utah with Minimum Gold Reserves in excess of $737,000,000.00 USD (Seven Hundred Thirty Seven Million US Dollars).
ADVERTISEMENT
"I am excited to announce the acquisition of Saturday Night, LLC," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "This was a key acquisition for Perihelion Global and will support the fundamentals for a strong price per share. This acquisition will further enable the timely execution of our well planned campaign of strategic acquisitions to enhance our existing assets and capabilities."
Dr. Patrick LaRive, Chief Executive Officer of Saturday Night, LLC stated, "Seeing the overall vision and strategy of John H. Beebe for Perihelion Global and in researching his extremely successful prior business accomplishments I am confident that this venture will make history." Adds LaRive, "Perihelion Global's goals and objectives to lead and excel in our industry are directly in line with our aspirations. I am honored to become a part of such a dynamic company."
Brian Charlesworth, Chief Operating Officer of Saturday Night, LLC, states, "John H. Beebe's track record as a successful business leader and visionary makes this an exciting merger for us. We strongly believe Perihelion Global is positioned for long term growth and success. With our combined corporate resources we are confident that Perihelion will not only make a difference in the local economies where we operate, but throughout the world."
There have been three certified geologist valuations of the patented Gold reserves which determined a minimum of 1,277,950 ounces of Gold - (One Million Two Hundred Seventy-Seven Thousand and Nine Hundred Fifty oz Au). Two valuations were conducted by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines; conducted initially in 1983 and again subsequently in 2000. These were filed with the Bureau of Land Management (BLM) Salt Lake City, Utah; US Department of the Interior Salt Lake City, Utah; Utah Division of Oil, Gas and Mining Salt Lake, Utah.
The third report reviewing and certifying the minimum measured amount of Gold being 1,277,950 ounces (one million two hundred seventy seven thousand and nine hundred fifty oz Au) was conducted in March 2006 by John Yellich, Certified Professional Geologist, American Institute of Professional Geologists (CPG-No. 7538); Licensed Geologist, State of Washington (LG-No. 891); Graduate studies in Geology, Western Michigan University, Kalamazoo, Michigan, 1971; BA in Geology, Western Michigan University, 1968.
Terms of the proposed acquisition of Saturday Night, LLC are cash and a 12% total stake in Perihelion Global. The proposed acquisition is expected to be finalized within 30 days and private funds will be used for the cash portion of the deal as well as and any additional financing that might be required. The new website of Perihelion Global is currently under development and will be fully published pending the release of subsequent corporate news. Additionally, Perihelion Global's proposed merger with publicly held Vision Works Media Group (OTC:VMDG - News) is expected to become final within the next two weeks.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications. Website: http://www.perihelion.com Toll Free Phone: 866-748-7610.
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.
Relating to the proposed transaction with Perihelion Global:
The business of Saturday Night, LLC and Perihelion Global may not be combined successfully, or such combination may take longer to accomplish than expected;
the cost savings from the merger may not be fully realized or may take longer to realize than expected;
operating costs, customer loss and business disruption following the merger, including adverse effects on relationships with employees, may be greater than expected;
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.
Contact:
Perihelion Global, Santa Rosa Beach
Vision Works Media Group
John H. Beebe, 866-748-7610 (Toll Free) x 719
john@perihelion.com
--------------------------------------------------------------------------------
Source: Perihelion Global
NEWS ...
Press Release Source: Perihelion Global
Perihelion Global Announces Acquisition of Patented Gold Mine with Minimum Gold Reserves in Excess of $737 Million USD
Thursday September 21, 4:39 pm ET
SANTA ROSA BEACH, Fla & SALT LAKE CITY--(BUSINESS WIRE)--Sept. 20, 2006--Perihelion Global, led by Chairman, Chief Executive Officer & President John H. Beebe announced today that it has reached an agreement in principal to acquire privately held Saturday Night, LLC; sole owners of a Patented Gold and Silver mine (Patent Claim Number 5797) in Box Elder County, Utah with Minimum Gold Reserves in excess of $737,000,000.00 USD (Seven Hundred Thirty Seven Million US Dollars).
ADVERTISEMENT
"I am excited to announce the acquisition of Saturday Night, LLC," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "This was a key acquisition for Perihelion Global and will support the fundamentals for a strong price per share. This acquisition will further enable the timely execution of our well planned campaign of strategic acquisitions to enhance our existing assets and capabilities."
Dr. Patrick LaRive, Chief Executive Officer of Saturday Night, LLC stated, "Seeing the overall vision and strategy of John H. Beebe for Perihelion Global and in researching his extremely successful prior business accomplishments I am confident that this venture will make history." Adds LaRive, "Perihelion Global's goals and objectives to lead and excel in our industry are directly in line with our aspirations. I am honored to become a part of such a dynamic company."
Brian Charlesworth, Chief Operating Officer of Saturday Night, LLC, states, "John H. Beebe's track record as a successful business leader and visionary makes this an exciting merger for us. We strongly believe Perihelion Global is positioned for long term growth and success. With our combined corporate resources we are confident that Perihelion will not only make a difference in the local economies where we operate, but throughout the world."
There have been three certified geologist valuations of the patented Gold reserves which determined a minimum of 1,277,950 ounces of Gold - (One Million Two Hundred Seventy-Seven Thousand and Nine Hundred Fifty oz Au). Two valuations were conducted by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines; conducted initially in 1983 and again subsequently in 2000. These were filed with the Bureau of Land Management (BLM) Salt Lake City, Utah; US Department of the Interior Salt Lake City, Utah; Utah Division of Oil, Gas and Mining Salt Lake, Utah.
The third report reviewing and certifying the minimum measured amount of Gold being 1,277,950 ounces (one million two hundred seventy seven thousand and nine hundred fifty oz Au) was conducted in March 2006 by John Yellich, Certified Professional Geologist, American Institute of Professional Geologists (CPG-No. 7538); Licensed Geologist, State of Washington (LG-No. 891); Graduate studies in Geology, Western Michigan University, Kalamazoo, Michigan, 1971; BA in Geology, Western Michigan University, 1968.
Terms of the proposed acquisition of Saturday Night, LLC are cash and a 12% total stake in Perihelion Global. The proposed acquisition is expected to be finalized within 30 days and private funds will be used for the cash portion of the deal as well as and any additional financing that might be required. The new website of Perihelion Global is currently under development and will be fully published pending the release of subsequent corporate news. Additionally, Perihelion Global's proposed merger with publicly held Vision Works Media Group (OTC:VMDG - News) is expected to become final within the next two weeks.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications. Website: http://www.perihelion.com Toll Free Phone: 866-748-7610.
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.
Relating to the proposed transaction with Perihelion Global:
The business of Saturday Night, LLC and Perihelion Global may not be combined successfully, or such combination may take longer to accomplish than expected;
the cost savings from the merger may not be fully realized or may take longer to realize than expected;
operating costs, customer loss and business disruption following the merger, including adverse effects on relationships with employees, may be greater than expected;
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.
Contact:
Perihelion Global, Santa Rosa Beach
Vision Works Media Group
John H. Beebe, 866-748-7610 (Toll Free) x 719
john@perihelion.com
--------------------------------------------------------------------------------
Source: Perihelion Global
VMDG NEWS ...
Press Release Source: Perihelion Global
Perihelion Global Announces Acquisition of Patented Gold Mine with Minimum Gold Reserves in Excess of $737 Million USD
Thursday September 21, 4:39 pm ET
SANTA ROSA BEACH, Fla & SALT LAKE CITY--(BUSINESS WIRE)--Sept. 20, 2006--Perihelion Global, led by Chairman, Chief Executive Officer & President John H. Beebe announced today that it has reached an agreement in principal to acquire privately held Saturday Night, LLC; sole owners of a Patented Gold and Silver mine (Patent Claim Number 5797) in Box Elder County, Utah with Minimum Gold Reserves in excess of $737,000,000.00 USD (Seven Hundred Thirty Seven Million US Dollars).
ADVERTISEMENT
"I am excited to announce the acquisition of Saturday Night, LLC," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "This was a key acquisition for Perihelion Global and will support the fundamentals for a strong price per share. This acquisition will further enable the timely execution of our well planned campaign of strategic acquisitions to enhance our existing assets and capabilities."
Dr. Patrick LaRive, Chief Executive Officer of Saturday Night, LLC stated, "Seeing the overall vision and strategy of John H. Beebe for Perihelion Global and in researching his extremely successful prior business accomplishments I am confident that this venture will make history." Adds LaRive, "Perihelion Global's goals and objectives to lead and excel in our industry are directly in line with our aspirations. I am honored to become a part of such a dynamic company."
Brian Charlesworth, Chief Operating Officer of Saturday Night, LLC, states, "John H. Beebe's track record as a successful business leader and visionary makes this an exciting merger for us. We strongly believe Perihelion Global is positioned for long term growth and success. With our combined corporate resources we are confident that Perihelion will not only make a difference in the local economies where we operate, but throughout the world."
There have been three certified geologist valuations of the patented Gold reserves which determined a minimum of 1,277,950 ounces of Gold - (One Million Two Hundred Seventy-Seven Thousand and Nine Hundred Fifty oz Au). Two valuations were conducted by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines; conducted initially in 1983 and again subsequently in 2000. These were filed with the Bureau of Land Management (BLM) Salt Lake City, Utah; US Department of the Interior Salt Lake City, Utah; Utah Division of Oil, Gas and Mining Salt Lake, Utah.
The third report reviewing and certifying the minimum measured amount of Gold being 1,277,950 ounces (one million two hundred seventy seven thousand and nine hundred fifty oz Au) was conducted in March 2006 by John Yellich, Certified Professional Geologist, American Institute of Professional Geologists (CPG-No. 7538); Licensed Geologist, State of Washington (LG-No. 891); Graduate studies in Geology, Western Michigan University, Kalamazoo, Michigan, 1971; BA in Geology, Western Michigan University, 1968.
Terms of the proposed acquisition of Saturday Night, LLC are cash and a 12% total stake in Perihelion Global. The proposed acquisition is expected to be finalized within 30 days and private funds will be used for the cash portion of the deal as well as and any additional financing that might be required. The new website of Perihelion Global is currently under development and will be fully published pending the release of subsequent corporate news. Additionally, Perihelion Global's proposed merger with publicly held Vision Works Media Group (OTC:VMDG - News) is expected to become final within the next two weeks.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications. Website: http://www.perihelion.com Toll Free Phone: 866-748-7610.
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.
Relating to the proposed transaction with Perihelion Global:
The business of Saturday Night, LLC and Perihelion Global may not be combined successfully, or such combination may take longer to accomplish than expected;
the cost savings from the merger may not be fully realized or may take longer to realize than expected;
operating costs, customer loss and business disruption following the merger, including adverse effects on relationships with employees, may be greater than expected;
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.
Contact:
Perihelion Global, Santa Rosa Beach
Vision Works Media Group
John H. Beebe, 866-748-7610 (Toll Free) x 719
john@perihelion.com
--------------------------------------------------------------------------------
Source: Perihelion Global
CHID ... Looking back to this past spring, never thought I'd see CHID drop 80%, so no surprise that it's trying to bounce back. I think everybody just gave in to the relentless drop in share price, I know I did, tho I never understood why it dropped so much. Should have plenty of room to climb if buyers can regain confidence in it.
SBTG ... has been really volatile the past week following news and still is considerably down from recent levels. Wouldn't be surprised to see a nice recovery.
PBLS looking great ... volume outstanding