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OSIIF (.40) OSI Geospatial to Report 2008 Second Quarter Results
Thursday, June 26 2008 9:20 AM, EST
Market Wire "US Press Releases "
OTTAWA, ONTARIO -- (MARKET WIRE) -- 06/26/08 -- OSI Geospatial Inc. (TSX: OSI) (OTCBB: OSIIF) will release its 2008 second fiscal quarter results at 4:05PM, Eastern Time ( 1:05PM Pacific Time ) on July 9, 2008 . The company will hold a conference call to discuss its financial results at 5:00 PM, Eastern Time ( 2:00 Pacific Time ) the same day, July 9, 2008 .
The call can be accessed in North America , toll-free, by dialing 1-800-319-4610 and internationally by dialing +1-604-638-5340. Please phone in 10-15 minutes prior to the start of the call. The conference call will also be broadcast live over the Internet and on the company's investor site at www.osigeospatial.com.
In addition, a replay of the call will be available via telephone for seven business days, beginning approximately two hours after the call. To listen to the telephone replay, North American callers please dial +1-800-319-6413 and international callers please dial +1-604-638-9010. Enter access code 7826 followed by the # key.
About OSI Geospatial
OSI Geospatial Inc. delivers advanced navigation and command and control systems that provide shared real-time situational awareness for military and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI) and the Over the Counter Bulletin Board (OSIIF). For additional information please visit www.osigeospatial.com.
Contacts:
OSI Geospatial Inc.
Jane Hayward
Investor Relations
+1-613-287-8004 or +1-888-880-9797
+1-613-287-0466 (FAX)
invest@osigeospatial.com
FRLLF (.7775) Farallon Signs Off-Take Agreements for G-9
Thursday, June 26 2008 9:19 AM, EST
Market Wire "US Press Releases "
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/26/08 -- Farallon Resources Ltd. ("Farallon" or the "Company") (TSX: FAN)(OTCBB: FRLLF) announces that the Company has agreed to terms for the treatment of zinc, copper and lead concentrates from its G-9 Project at the Campo Morado (zinc, copper, lead, silver, gold) property in Guerrero State, Mexico .
A Heads of Agreement (the "Agreement") has been signed with the international metals trading company Trafigura Beheer BV Amsterdam ("Trafigura"). Trafigura has offices in Lucerne Switzerland, Mexico City and elsewhere around the world. The Agreement covers treatment of 100% of the zinc, copper and lead concentrates produced from the G-9 Project. Terms are competitive with the current market. The zinc contract is for 18 months commencing July 2008 , with provisions to extend it for a further 1 1/2 years. The copper and lead contracts are for three years, extending to June 30, 2011 . The concentrates will be shipped by truck to the port of Manzanillo, Colima State, on the west coast of Mexico and will be shipped to smelters and end users, primarily in Asia, but may involve users elsewhere in the world. All arrangements for transport to and storage at the port have been made. The Agreement is subject to the execution of final contracts for each concentrate, and to Farallon's Board for approval.
President and CEO, Dick Whittington, said, "We are extremely pleased to have signed this agreement with Trafigura to handle and process concentrates from G-9. We are looking forward to a long term partnership with them. This is another significant step in the ongoing evolution of transforming Farallon from an exploration to a production company."
Farallon is advancing the G-9 polymetallic (zinc, copper, silver, gold, lead) project at its Campo Morado Property in Mexico through a 'Parallel Track' program. Exploration drilling is expanding and confirming the high-grade mineralization within the G-9 deposit, in parallel with mine planning, equipment acquisition and site preparation and construction activities with the goal of commencing production in July 2008 .
ON BEHALF OF THE BOARD OF DIRECTORS
J.R.H. (Dick) Whittington, President & CEO
Forward Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, continuity of mineralization, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes that the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. The likelihood of future mining at Campo Morado is subject to a large number of risks and may require achievement of a number of technical, economic and legal objectives, including obtaining lower than expected grades and quantities of mineralization and resources, recovery rates and mining rates, changes in and the effect of government policies with respect to mineral exploration and exploitation, the possibility of adverse developments in the financial markets generally, delays in exploration, development and construction projects, fluctuations in the prices of zinc, gold, silver, copper, lead and other commodities, obtaining additional mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for underground and processing facilities as well as receipt of additional financing to fund mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at Campo Morado and there is no assurance that the mineralization at Campo Morado will ever be classified as ore. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com and the Company's annual report on Form 20-F at www.sec.gov.
No regulatory authority has approved or disapproved the information contained in this news release.
Contacts:
Farallon Resources Ltd.
Michael Curlook
Investor Services
(604) 684-6365 or Toll Free: 1-800-667-2114
(604) 684-8092 (FAX)
Website: www.farallonresources.com
LLSR (.24) Lantis Laser's Dental Diagnostic Imaging System Can Address ADA's Recommendations for Placement of Sealants
Thursday, June 26 2008 9:01 AM, EST
PrimeNewswire "PrimeNewswire "
DENVILLE, N.J., June 26, 2008 (PRIME NEWSWIRE) -- Lantis Laser Inc. (Pink Sheets:LLSR) (http://www.lantislaser.com), wishes to draw attention to new, recently introduced, clinical recommendations from the American Dental Association Council on Scientific Affairs to assist clinicians in their decision-making process, for the use of composite plastic sealants over very early decay on the occlusal biting surface of teeth in children, adolescents and young adults to stop the disease from progressing.
"Placing sealants on the biting surfaces can stop early decay that is still in the enamel from progressing," pointed out Dr. Craig Gimbel, Executive Vice President of Clinical Affairs for Lantis Laser. "This article mentions that the clinician may be uncomfortable to make the decision to place a sealant because of unavailable adequate diagnostic tools for diagnosis and monitoring to ascertain if the sealant will be placed on top of existing decay in the enamel."
Dr. Gimbel went on to emphasize that, "Presently, the only accepted way to ascertain if decay is present is by recognition of tooth surface color changes, which can be misinterpreted as stains or defects instead of decay or possibly decay when it didn't exist at all." It is well documented that x-rays do not generally have the ability to image very early decay, which is important for the success of this procedure.
It is important to note that the ADA states that clinicians should not obtain radiographs for the sole purpose of placing sealants and should consult the ADA/ U.S. Food and Drug Administration guidelines regarding selection criteria for dental radiographs which places limitations due to risk of radiation.
Lantis' OCT (Optical Coherence Tomography) Diagnostic Imaging System(tm) will assist the clinician in making an evidence-based decision to place the sealant because of its ability to image early decay and subsurface enamel changes which is indicative of the demineralization, the first stage in the process of decay.
In addition, it will enable the dentist to monitor the sealed tooth surface area in order to determine that this non surgical method of arresting the decay has been effective. Clinical studies have shown that Lantis' OCT Diagnostic Imaging System(tm) is the only dedicated dental imaging system that can provide evidence for early decay demineralization and then follow the process of remineralizing as the bacteria die under the placed sealant, all without the risk of radiation. The placement of sealants will enable patients to possibly avoid invasive dental procedures, such as fillings, that are associated with later stage decay.
Lantis' OCT Dental Imaging System(tm) is based on novel light-based, bio-medical imaging technology, Optical Coherence Tomography, that enables the dentist to do diagnostic imaging, chairside and in real-time. As the power source is light-based, unlike x-ray there is no harmful radiation. Images can be captured at a resolution of up to 10 times that of x-ray, enabling early detection of decay and detailed examination of microstructural defects.
About Lantis Laser
Lantis was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity and large market potential. Lantis is currently in Phase 2 and Phase 3 development, moving through beta systems, product development and application for FDA clearance and plans to launch the OCT Dental Imaging System(tm) in the first quarter of 2009. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory (exclusive); Lightlab Imaging (non-exclusive) and AXSUN (exclusive). To find out more about Lantis Laser (Pink Sheets:LLSR), visit www.lantislaser.com
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
CONTACT: Lantis Laser Inc.
Stan Baron, President & CEO
(203) 300-7622
sbaron@lantislaser.com
AGORACOM Investor Relations
http://www.agoracom.com/ir/lantislaser
llsr@agoracom.com
For OCT Updates
http://octnews.hivefire.com
For Dental Imaging News
www.DrBicuspid.com
AVSR (.9001) Avistar Partners with SK GROUP of Georgia to Extend Market Coverage into Eastern Europe and Central Asia
Thursday, June 26 2008 9:01 AM, EST
PR Newswire "US Press Releases "
SAN MATEO, Calif., June 26 /PRNewswire-FirstCall/ -- Avistar Communications Corporation (Nasdaq: AVSR) has signed a distribution partnership with SK GROUP LTD of Georgia . The agreement sees SK GROUP assist Avistar in extending the availability of its videoconferencing and collaboration software and services to markets in Eastern Europe and Central Asia. In addition to Georgia , these include Armenia , Azerbaijan , Israel , Kazakhstan , Russia , Ukraine and Uzbekistan .
George Arutinov, general director of SK GROUP, commented: "We researched vendors extensively to find a desktop videoconferencing and collaboration system that fulfils the demands of our clients. Avistar stood out due to its easy-to-use application, excellent video quality and the evidence of large scale deployments worldwide. Vitally for our markets, it is the only solution we found that is reliably able to surmount the challenges of high bandwidth used in video communications. Its integrated bandwidth management capabilities enable even multiparty calls to continue without restricting other network traffic."
SK GROUP provides systems and value-added service for the latest in communications technologies, including Unified Communications . Its customers are comprised of major enterprises, Internet service providers (ISPs), mobile phone operators, financial institutions, foreign companies, and embassies in Georgia . By deploying Avistar's technology, SK GROUP believes it can deliver its clients proven benefits in terms of improved quality of interaction, greater workflow efficiency, easier collaboration at distance, and the ability to reduce travel time, costs and associated carbon emissions by as much as 20%.
Under the distribution partnership, SK GROUP has already recruited two Georgian system integrators who will resell Avistar's products. Orient Logic LTD provides IT products and systems, project management and service to customers in Georgia . MANTA Systems LTD provides telecommunications, network and computer equipment to Georgian market. A further reseller agreement has been signed with Caucasus Digital Network, a local ISP and telecommunications company that will offer Avistar's technology as a part of its IP solutions to new and existing clients.
SK GROUP and Avistar recently took part in an event to mark the 60th anniversary of the Independence of the State of Israel . Attended by approximately 2,000 people in Georgia , including the prime minister, minister of foreign affairs, minister of economics, and representatives of local government, Avistar's C3 software was used to deliver a live videoconference between Israel and Georgia .
Darren Innes, Manager of Worldwide Sale of Avistar said: "Working with SK GROUP to help them unite the nations of Israel and Georgia on such a special occasion was an honor and a great way to begin our partnership. We're delighted to have the knowledge and local experience of SK GROUP on board as we seek to extend the availability of Avistar into important growth markets."
About Avistar Communications Corporation
Avistar creates technology that provides the missing critical element in unified communications: bringing people in organizations face-to-face, through enhanced communications, for true collaboration anytime, anyplace. Its latest product, Avistar C3, draws on over a decade of market experience to deliver a single-click desktop videoconferencing and collaboration experience that moves business communications into a new era. Available as a stand-alone solution, or integrated with existing unified communications software from other vendors, Avistar C3 users gain instant messaging-style ability to initiate video communications across and outside the enterprise. Patented bandwidth management enables thousands of users to access desktop videoconferencing, Voice over IP (VoIP) and streaming media, without requiring substantial new network investment or impairing network performance.
Avistar's desktop videoconferencing and collaboration installations are among the world's largest, including more than 18,000 seats sold in more than 40 countries. Clients report as much as a 20 percent reduction in travel expense and carbon emissions, increases in productivity, and immeasurably improved relationship building within their organizations, as well as with suppliers and customers. Avistar holds a portfolio of 80 patents for inventions in video and network technology and licenses IP to videoconferencing, rich-media services, public networking and related industries. Current licensees include Sony Corporation , Sony Computer Entertainment Inc. (SCEI), Polycom, Inc. , Tandberg ASA, Radvision Ltd. and Emblaze-VCON.
For more information, visit www.avistar.com
SOURCE Avistar Communications Corporation
PMGU (.036) Pro Motors Group Corp.'s Ford Fusion Exceeds 65 Miles Per Gallon
Thursday, June 26 2008 9:01 AM, EST
PrimeNewswire "PrimeNewswire "
LOS ANGELES , June 26, 2008 (PRIME NEWSWIRE) -- Pro Motors Group Corp. (Pink Sheets:PMGU), www.ProMotorsGroupCorp.com, announced today the results of several performance-based tests conducted after its successful installation of a Hydrogen Assist Fuel Cell in a 2006 standard Ford Fusion. Prior to the installation of the Hydrogen Assist Fuel Cell, the Ford Fusion received 25-28 miles per gallon (mpg), highway. Following the installation, the same Ford Fusion averaged 65-67 mpg, highway; nearly a 150% increase.
As evidenced by Pro Motors Group's recent tests, Hydrogen Assist Fuel Cells are capable of increasing a vehicle's fuel efficiency by 30-200%.
About Pro Motors Group Corp.
Pro Motors Group Corp. is one of the first publicly traded Mega Public Auto Auction and Complete Dealerships in the nation. Unlike traditional dealerships, Pro Motors Group's selling method is public bidding that can be done nationwide, 24 hours a day, 7 days a week, online at http://www.ProMotorsBid.com or in person at their Southern California location. "You Bid, You Save, Everyday!" Pro Motors Group prides itself on customer service and satisfaction; all vehicles get a 68 point ASE inspection and offer a 5-year/ 100,000-mile extended warranty. Pro Motors specializes in vehicles priced $10,000 or less. Unlike most online auction services, at Pro Motors Group , the public is not bidding on high risk third-party private vehicles. Alternatively, it is one of the first publicly traded companies to start prices low in an auction style public bidding platform that allows the prices to then be set by the public. Pro Motors Group plans to expand from Southern California by placing dealerships throughout the U.S., adding to the services provided by the Nationwide Online Auctions and Nationwide Delivery. This puts their company well into the $370 billion pre-owned automotive' industry.
Safe Harbor Statement -- Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005 , the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006 . The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
CONTACT: Pro Motors Group Corp.
Investor Relations:
888-777-4707
pmgu.ir@gmail.com
www.promotorsbid.com
DSKA (.45) Duska Therapeutics Obtains Standard & Poor's Listing
Thursday, June 26 2008 9:01 AM, EST
PR Newswire "US Press Releases "
LA JOLLA, Calif., June 26 /PRNewswire-FirstCall/ -- Duska Therapeutics, Inc. (OTC Bulletin Board: DSKA.OB) ("Duska" or the "Company") announced today that its company information is available via Standard & Poor's Corporation Records Listing Program. As part of the program, a full description of Duska Therapeutics is published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 38 states under the Blue Sky Laws. Standard Corporation Records is available in print, on CD-ROM, and via the Web at http://www.netadvantage.standardandpoors.com as well as through numerous electronic vendors.
The Duska Therapeutics corporate information now available through the Records Listing Program includes an in-depth description of the Company's business operations, share price, dividend history, shares outstanding, company's financial position, earnings, and full income statement and balance sheet.
Earlier this month Duska Therapeutics announced it has been granted an exclusive worldwide license from Duke University and Johns Hopkins University to develop and commercialize their rights to a portfolio of investigational cardiovascular drugs designed to correct nitric oxide and redox disequilibrium in the failing heart and cardiovascular system. The lead candidate is expected to enter Phase II clinical trials later this year.
About Duska Therapeutics, Inc.
Duska Therapeutics, Inc. , in La Jolla, California , is a biotechnology company focused on the development of medical products based on adenosine triphosphate and nitric oxide. Duska owns or has exclusive licensing rights to proprietary medical products that are in various stages of development for the treatment and diagnosis of certain cardiac arrhythmias, treatment of heart failure, treatment of chronic obstructive pulmonary disorder, and improvement of sperm motility. For more information, visit http://www.duskatherapeutics.com.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended that involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. The forward-looking statements are based on current expectations, estimates and projections made by management. Duska intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. All statements in this release regarding the future outlook related to Duska are forward-looking statements such as the lead candidate is expected to enter Phase II clinical trials later this year. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Additional uncertainties and risks are described in Duska's most recently filed SEC documents, such as its most recent annual report on Form 10-KSB, all quarterly reports on Form 10-QSB and any current reports on Form 8-K filed since the date of the last Form 10-KSB. Copies of these filings are available through the SEC website at http://www.sec.gov. All forward-looking statements are based upon information available to Duska on the date hereof. Duska undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE Duska Therapeutics, Inc.
WSCE (.389) Wescorp Energy Inc.: Mark Norris Appointed Chairman of the Board
Thursday, June 26 2008 9:02 AM, EST
Market Wire "US Press Releases "
HOUSTON, TEXAS and CALGARY, ALBERTA -- (MARKET WIRE) -- 06/26/08 -- Wescorp Energy Inc. (OTCBB: WSCE), an oil and gas technology solutions provider is pleased to announce that Mark Norris has accepted the position of Chairman of the Board. Norris has served as a director of Wescorp since March 2007 . Prior to his directorship with Wescorp, Norris completed a term in the Alberta Provincial Government serving as Minister of Economic Development. Under Norris' leadership there were 4 new foreign trade offices and 5 new regional economic alliances established throughout the province to promote Alberta business. Norris also led numerous missions world-wide to foster economic growth for Alberta .
In February 2008 , Wescorp's first commercial sized water remediation unit was put into test operation in a battery operation field that manages produced water from approximately 120 oil and gas wells in Alberta, Canada . The unit uses a patented aeration technology that employs microscopic bubbles which are several orders of magnitude smaller than conventional technology to remove hydrocarbons from produced water. The technology cleanses and purifies the hydrocarbon contaminated water in a safe, effective and economical process allowing operators to reuse and recycle the water at the production site. Other advantages include increased field economics via enhanced oil production, a reduction in the amount of fresh water used in conventional and unconventional oil and gas production, a reduction in the amount of service and maintenance on disposal and injection wells, and an overall reduction in operating costs. (see Wescorp News Announcement dated February 19, 2008 ).
"The 2,000 barrel per day unit has shown excellent results and has been embraced by industry specialists who have visited the site and witnessed Wescorp's innovative technology under commercial operation", commented Mark Norris. "By having a commercial unit available for site inspection and claim validation, Wescorp has demonstrated to a multitude of industry operators, government and environmental officers that our water remediation technology is a critical component of water management operations. This technology has provided a win-win scenario for industry, environment and regulators. Wescorp's water and fluid solutions exceeds regulatory environmental standards, provides positive environmental impact and substantial economic advantages to all operators. In addition to building business, one of my goals as Chairman is to have the shares of the company listed for trading on a Canadian stock exchange."
Doug Biles President and CEO of Wescorp stated, "we are excited to have Mark be our Chairman. Wescorp is in a stage of aggressive growth and Mark's first class relationships with both government and oil and gas industry leaders will be beneficial in continuing to showcase our environmentally friendly technology and in closing leasing transactions. We will be announcing lease contracts with both heavy oil and natural gas operators as soon as they are completed."
Former Wescorp Chairman and Governor of Alaska Stephen Cowper commented, "There are two good reasons for me to step aside as chairman. First, the Board very wisely decided to focus the company's efforts on the Canadian market, so it's logical for the company to be led by a Canadian chairman. Secondly, I will be 70 years old in August, and I thought it was time to relinquish the chair to a younger person. Mark Norris is able, energetic, and well-connected. I flatly predict he will be an outstanding chairman."
About Wescorp
Wescorp Energy Inc. (www.wescorpenergy.com) is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.
Wescorp shares currently trade on the NASD.OTC Bulletin Board under the symbol "WSCE".
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission . These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.
Contacts:
Investor Relations contact:
Wescorp Energy, Inc.
David Jones
Toll Free: 1-877-247-1975 or Direct: (705) 845-0933
Email: djones@wescorpenergy.com
Website: www.wescorpenergy.com
Media contact:
Wescorp Energy, Inc.
Virginia Brooks
Direct: (903) 532-9714
Email: virginia@brooksandassociatespr.com
INGA (.002) ING appoints Karien van Gennip as Director European & International Affairs
Thursday, June 26 2008 9:08 AM, EST
Hugin "Hugin English "
ING announced today that it will appoint Karien van Gennip as Director European & International Affairs, responsible for managing and promoting ING's interests with European and international organisations and governmental bodies. As of 8 September 2008 , Van Gennip will succeed Violeta Ciurel, who has taken up a new role as Regional CEO of ING's greenfield insurance operations in Central Europe .
Karien van Gennip (39) currently is a member of the Dutch parliament for the Christian Democratic party (CDA). Prior to that, she served as the State Secretary of Economic Affairs and Minister for Foreign Trade from May 2003 until February 2007 . She graduated in applied physics at the Delft University of Technology and holds an MBA from INSEAD. She started her career as a consultant with McKinsey & Company in Amsterdam and San Francisco and worked at the Dutch securities regulator AFM.
Michel Tilmant, Chairman of ING said: "I am very pleased that we are able to attract an excellent candidate like Karien van Gennip to lead our efforts in the interaction between the objectives of ING and external political and policy developments. ING can greatly benefit from her experience in both a business and a political environment."
Press enquiries
Raymond Vermeulen
ING
+31 20 541 5682
Raymond.Vermeulen@ing.com
Profile ING ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 130,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.
http://hugin.info/130668/R/1231401/261774.pdf
COVR (.90) Cover-All Technologies Inc. Debenture Holders Convert Remaining Principal for Common Stock
Thursday, June 26 2008 9:12 AM, EST
Business Wire "US Press Releases "
FAIRFIELD, N.J.--(BUSINESS WIRE)--
Cover-All Technologies Inc. (OTC Bulletin Board: COVR), a Delaware corporation ("Cover-All" or the "Company"), announced today that on June 25, 2008 , the holders of the Company's outstanding convertible debentures, consisting of John Roblin, our Chairman and Chief Executive Officer, and certain other investors, elected to convert an all of the unpaid principal, into shares of the Company's common stock, pursuant to the terms of such debentures.
This conversion results in the elimination of all outstanding indebtedness for borrowed money on Cover-All's balance sheet.
About Cover-All Technologies Inc.
Cover-All Technologies Inc. , since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry - first to deliver PC-based commercial insurance rating and policy issuance software. Currently, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and value.
With our extensive insurance knowledge, our experience and our commitment to quality, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way the property and casualty insurance business is conducted.
Additional information is available online at www.cover-all.com.
Cover-All(R), My Insurance Center(TM) (MIC) and Insurance Policy Database(TM) (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.
Forward-Looking Statements
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company's actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company's control. Those and other risks are described in the Company's filings with the Securities and Exchange Commission ("SEC") over the last 12 months, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2007 , filed with the SEC on March 28, 2008 , copies of which are available from the SEC or may be obtained upon request from the Company.
Source: Cover-All Technologies Inc.
WLGC (1.07) WordLogic Corporation Retains Ascend Ventures, LLC
Thursday, June 26 2008 9:15 AM, EST
Business Wire "US Press Releases "
VANCOUVER --(BUSINESS WIRE)--
WordLogic Corporation (OTCBB: WLGC) is pleased to announce that the Company has retained Ascend Ventures, LLC to help the Company in its transformation to effectively commercialize and monetize a new line of patented products.
The Founder and President of Ascend Ventures, Mr. William Pipkin, worked for Hewlett Packard for 21 years commercializing new technology before going independent. Mr. Pipkin has over 30 years experience in all aspects of the value delivery system including sales, support, marketing, R&D, and management.
"WordLogic will be making very rapid changes - from management to financial institutional support - in the months to come. The time has arrived for this company, its products, and its patents to be put on the world stage," said Frank Evanshen, WordLogic's President and CEO.
About WordLogic Corporation
WordLogic Corporation is a technology company that delivers predictive interface solutions for computing devices ranging from small hand-held devices such as PDAs to laptops and tablet PCs to conventional desktop computers. Incorporated in the United States , the company's research, testing and marketing facilities are located in Canada .
For more information, please visit www.wordlogic.com
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or 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 action 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.
Source: WordLogic Corporation
OCTL (1.15) Octillion Announces Appointment of Nanostructured Inorganic Photovoltaic Researcher to Advisory Board
Thursday, June 26 2008 9:15 AM, EST
Business Wire "US Press Releases "
AUBURN HILLS, Mich.--(BUSINESS WIRE)--
Octillion Corp. (OTCBB: OCTL), a next-generation alternative and renewable energy technology incubator, today announced the appointment of nanostructured photovoltaic and sustainable materials expert Dr. Jeffrey R. S. Brownson of the Penn State University to the Company's Advisory Board.
Enhancing the Company's ongoing development of a spectrally selective, nanosilicon-enabled inorganic photovoltaic for use in glass windows and skylights, Dr. Brownson brings highly relevant industry experience with the Cardinal Coated Glass Company , exceptional proficiency in the synthesis, characterization, and deposition of photovoltaic and photocatalytic nanomaterials, and unparalleled access to equipment and resources through the National Nanotechnology Infrastructure Network (www.nnin.org), the Materials Research Institute (www.gonano.psu.edu), and the Penn State Institutes of Energy and the Environment (http://www.environment.psu.edu).
"Dr. Brownson brings an unusually complementary set of values, skills, and experiences to the Octillion team," stated Mr. Nicholas S. Cucinelli, President and CEO of Octillion Corp. "His views on sustainability and 'environmental premeditation' in materials synthesis are entirely consistent with our efforts to use one of the most abundant materials in the Earth's crust--silicon--to produce a truly transparent photovoltaic window with a high net-energy ratio, excellent optical properties, and sound economics."
Dr. Brownson's widely published research and leadership efforts include the innovative science blog Nanomech in Photovoltaics (http://nanoparis.blogspot.com), which is dedicated to the "interdisciplinary exploration of third generation photovoltaics, environmental technology, and scientific philosophy." He is the faculty director for the 2009 Penn State Solar Decathlon team, Natural Fusion (www.solar.psu.edu) and author of several highly relevant papers such as "FTIR Study of Methanol and Ethanol Interactions with Anatase Surfaces with Respect to UV Irradiation" ( Journal of Physical Chemistry B , 2006) and "Electrophoretic Deposition of Template-Free ZnO Nanorod Films" (ECS Transactions 2007).
"It has been a great pleasure to get to know Mr. Cucinelli and learn about Octillion's substantial efforts toward creating a transparent nanostructured solar device," stated Dr. Brownson. "I'm honored to join the exceptional team Mr. Cucinelli is assembling; critical thinkers with diversified backgrounds who can add context to the significant energy challenges at hand."
Dr. Brownson continued, "Octillion resonates with me and the bright young minds I work with for pursuing basic materials research within a context of building integrated photovoltaic (BIPV) design. The PV window concept is exciting from an energy and architectural standpoint, and there is ample work to be done in developing a figure of merit that accurately quantifies the value of the viewscape, daylighting, energy production, and solar heat gain control attributes of such a product. Furthermore, Mr. Cucinelli's vision for a truly novel, sustainability-oriented business model is exactly suited to the mind set of the current generation of researchers and students."
Before joining the faculty at The Pennsylvania State University in 2007, Dr. Brownson completed two Post-Doctoral programs: one with Cardinal Glass CG (Spring Green, WI), where he developed photocatalytic thin films on glass, synthesized nanostructured metal oxides for inorganic solar cell devices, and assembled and characterized quantum dot solar cell devices; and a second at the Institut de Chimie et Materiaux de Paris-Est, CNRS (Centre National de la Recherche Scientifique), Thiais, France where he synthesized metal chalcogenide and metal oxide/hydroxide thin films on transparent conductive electrodes, electrodeposited light-absorbing nanoparticles over mesoporous TiO2 thin films for inorganic-sensitized photovoltaic cells, and synthesized inorganic fullerines by ultrasonic spray thermolysis.
Mr. Cucinelli continued, "I expect Dr. Brownson's prior experience with Cardinal Glass and CNRS, his access to the Penn State Materials Research Institute and broader resources of the NNIN, and his hands-on work with the 2009 PSU Solar Decathlon team to significantly enhance and further inspire our ongoing research. Dr. Brownson's collaborative and interdisciplinary approach to scientific research and problem solving is a perfect fit within the growing Octillion team."
Dr. Brownson holds a PhD in Environmental Chemistry and Technology and an M.S. degree in Geology, both from the University of Wisconsin , Madison , where he specialized in the synthesis and characterization of metal oxide nanoparticles for high surface area applications, ultrasonic spray delivery for thin-film deposition, and surface characterization using High Resolution Transmission Electron Microscopy (HRTEM). He also holds a B.S. in Geology (Magna cum laude) from the University of North Dakota .
About Octillion Corp.
Octillion Corp. , together with its wholly owned subsidiaries, is a next generation technology incubator focused on the identification, acquisition, development, and commercialization of alternative and renewable energy technologies.
Through established relationships with universities, research institutions, government agencies, and start-up companies, we strive to identify technologies and business opportunities on the leading edge of innovation that have the potential of serving significant and unmet market needs.
Once a technology has been identified, we fund the research and development activities relating to the technology with the intention of ultimately, if warranted, licensing, commercializing and marketing the subject technology, either through internal resources, collaborative agreements or otherwise.
Unique to our business model is the use of established research infrastructure owned by the various organizations we work with, saving us significant capital which would otherwise be required for such things as land and building acquisition, equipment and furniture purchases, and other incidental start up costs. As a result, we are able to benefit from leading edge research and development while employing significantly less capital than conventional organizations.
Among our current research and development activities is the development of a technology that could adapt existing home and office glass windows into ones capable of generating electricity from solar energy without losing significant transparency or requiring major changes in manufacturing infrastructure.
The technological potential of adapting existing glass windows into ones capable of generating electricity from the sun's solar energy has been made possible through a ground breaking discovery of an electrochemical and ultrasound process that produces identically sized (1 to 4 nanometers in diameter) highly luminescent nanoparticles of silicon that provide varying wavelengths of photoluminescence with high quantum down conversion efficiency of short wavelengths (50% to 60%).
When thin films of silicon nanoparticles are deposited (sprayed) onto silicon substrates, ultraviolet light is absorbed and converted into electrical current. With appropriate connections, the films act as nanosilicon photovoltaic solar cells that convert solar radiation to electrical energy.
For additional information, please visit: www.octillioncorp.com
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To view the full HTML text of this release, please visit: http://www.octillioncorp.com/OCTL_20080626.html
Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although Octillion Corp. (the "Company" or "Octillion") believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. We currently have no commercial products intended to diagnose, treat, prevent or cure any disease. The statements contained in this press release regarding our on going research and development and the results attained by us to-date have not been evaluated by the Food and Drug Administration . There can be no assurance that further research and development, and /or whether clinical trial results, if any, will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that Octillion will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission . These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C . 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: Octillion Corp.
TEVI (.03) Boyd Soussana of The Estate Vault Provides Strategic Update to All Shareholders
Thursday, June 26 2008 9:15 AM, EST
PR Newswire "US Press Releases "
LAS VEGAS , June 26 /PRNewswire-FirstCall/ --
Dear Shareholders:
This is the first of several planned communications via a shareholders letter to you -- our shareholders -- to keep you abreast and up to date with the many positive occurrences that have been happening with our company.
I wanted to address all of our shareholders regarding The Estate Vault's (Pink Sheets: TEVI) progress to date and where I see the company heading in both in the short and long term.
The Estate Vault has been in different stages of development over the past four years and since our official launch in September 2007 I am pleased with what we have accomplished to date.
We are continuing to develop the product offering as well as our web interface as we move forward through 2008 and as we get more feedback from our users. Currently the web site is nearly complete in 4 languages being English, French, Spanish and Chinese and we will be working on other languages in the coming months. Look out for some great added product features in the very near future
Revenues:
We are extremely delighted to currently be in a position to take advantage of our distribution networks and affiliate programs to drive our revenues and we expect to see substantial revenue growth quarter over quarter beginning this July! Adding to our North American revenue model will be the deployment of our product internationally and we are on target for substantial revenue increases when we are fully deployed.
Here are a few of the major highlights:
Background
TEVI continues to develop and grow -- some of the highlights are:
Generic Software Highlights:
1. Revised Website completed
2. Website integration with CashEdge Complete
3. Website integration with Epoq Complete
4. Website integration with Merchant account and Shopping Cart Complete
5. Translation of website into Spanish, French and Chinese complete
North America
Canada :
There have been several new developments for TEVI in Canada during the last several months -- the highlights of those developments are:
1. Registered Advisors have now surpassed the 1200 mark
2. Smartterm.ca is providing TEV to all approved insurance applications
3. Initiative for Elderly Planning Studies is providing TEV to all members
4. Toronto Board of Trade Approved TEV in their "Board Advantage" program to their 10,000+ members
5. On-going discussions with several distribution partners and financial institutions for deployment of TEV to their customers
United States
1. National Chamber of Commerce deploying to their 100k+ members
2. $4 Million Media Deal completed and began in articles in April
3 . $1 Million Radio Media completed with targeted launch in June
4 . IBAL began distributing TEV to their members
International:
China
1. TEVI has finalized our office in Beijing and distribution plans and rollout being finalized.
Latin America
TEVI is still in talks with several groups to pursue the opening of our offices...Our goal is to have this finalized by the end of June.
Caribbean:
1. TEVI has set up distribution partner in the Caribbean and is in the preliminary stages of fixing a product launch schedule. Tentative initial launch will be in the Bahamas and is scheduled for late July 08 .
Europe
TEVI is still pursuing the many opportunities in Europe and should have a distribution partner solidified by the end of 2008.
Final Notes:
We have a product with world-wide acceptance and must develop strategic relationships with distribution channels in the various countries over the next 18 months and we will keep you informed as we put those relationships in place.
Our investment in TEVI is a long-term investment and TEVI is evolving into what we had hoped and anticipated it would. Our equity interest in TEVI is increasing almost daily and should prove to be a very valuable asset for us.
About The Estate Vault, Inc.
The Estate Vault, Inc. was developed to overcome the daunting task of keeping financial, personal and legal documents up to date and in one place. Together with its strategic product partners The Estate Vault has wrapped up its unique service offering with a Credit Card Registry, Home Inventory Listing, Identity Theft Insurance and an online Legal Documents and Will Creator.
The Estate Vault intends to become the leader in value added products to the financial services industry by providing a product and service at a low price point and then leveraging patent pending technology known as IntelliAD and IntelliBrand to maximize brand awareness.
For additional information go to www.estatevault.com
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements.
Contact:
Investor Relations
Robert Gartzman
1-866-405-3256 ext 705
SOURCE The Estate Vault, Inc.
GLOW (.50) Glowpoint to Provide Managed Video Services for the 2008 NBA Draft
Thursday, June 26 2008 9:16 AM, EST
Business Wire "US Press Releases "
HILLSIDE, N.J.--(BUSINESS WIRE)--
Glowpoint, Inc. (OTC:GLOW), a premiere broadcast-quality, IP-based managed video service provider, today announced it will be providing managed video services for broadcast coverage of 2008 NBA basketball draft. Draft coverage, which begins tonight (Thursday), will feature live interviews carried across the Glowpoint video network from 15 team locations around the country. The coverage will also include a live video feed from one of the team's "war rooms" in order to provide an insiders peek at the process leading up to a team's selection.
"Having been selected for the 5th consecutive year is very exciting for us," said Dan Boland, Glowpoint's Vice President, Broadcast and Digital Media. "Our team puts forth a tremendous effort year in and year out for these high profile events, and the confidence the networks have in us is tremendously rewarding."
The services include Glowpoint's high-quality network connectivity along with a full range of managed video services. The broadcasters will leverage Glowpoint's cost-effective services in order to do interviews instantaneously with analysts and team representatives. The networks frequently show the in-studio analysts in split screen with the person being interviewed, showcasing Glowpoint's ability to provide virtually zero latency in a live-to-air use of video conferencing.
Glowpoint has also been awarded branding rights on one of the networks and the company's logo will be featured on screen during the video interviews. The following graphic will be displayed at various times throughout the broadcast.
In addition to events like the NBA draft, Glowpoint provides services to a variety of broadcasters, supporting around the clock live coverage throughout the year. The introduction of Glowpoint's HD solution in 2007 led to a number of customers expanding services to include remote feeds during daily features and one college network has been nominated for an Emmy for their use of Glowpoint's HD solution in their broadcast.
About Glowpoint
Glowpoint, Inc. (OTC:GLOW), is a premiere, IP-based managed video communications services provider. Glowpoint is innovating video communications with services supporting traditional video conferencing, Telepresence VNOC, Broadcast Content Acquisition & Delivery, and Call Center Applications. Glowpoint's services are delivered over a robust, video-centric network that reaches around the world and serves clients ranging from Fortune 100 enterprises and leading broadcast networks to SMB markets. Glowpoint is headquartered in Hillside, New Jersey . To learn more, visit www.glowpoint.com.
The statements contained herein, other than historical information, are or may be deemed to be forward-looking statements and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks, and uncertainties include market acceptance and availability of new video communication services; the nonexclusive and terminable-at-will nature of sales agent agreements; rapid technological change affecting demand for our services; competition from other video communications service providers; and the availability of sufficient financial resources to enable us to expand our operations, as well as other risks detailed from time to time in our filings with the Securities and Exchange Commission .
Source: Glowpoint, Inc.
NNPP (1.15) Nano-Proprietary, Inc. and Universitaet Stuttgart Advance the Application of Carbon Nanotubes for Flexible Electronics
Thursday, June 26 2008 9:15 AM, EST
Market Wire "US Press Releases "
AUSTIN, TX and STUTTGART, GERMANY -- (MARKET WIRE) -- 06/26/08 -- The Chair of Display Technology, Universitaet Stuttgart, and Nano-Proprietary, Inc.'s (OTCBB: NNPP) subsidiary Applied Nanotech, Inc. ("ANI") announce significant advancement in the application of carbon nanotubes for the flexible electronics industry. ANI has been performing research and development in collaboration with the Chair of Display Technology, Universitaet Stuttgart, to develop high performance carbon nanotube thin film transistors (TFTs) suitable for use in the flexible electronics industry. These devices are at the core of displays, electronic circuits, sensors, memory chips, and other applications that are transitioning from rigid substrates, such as silicon and glass, to flexible substrates. ANI and the Universitaet Stuttgart have worked together to increase the fabrication yield of carbon nanotube TFTs using ANI's proprietary printing-like method of carbon nanotube deposition. The TFTs exceed an on/off ratio of five orders of magnitude and achieve the electron mobility necessary for their utilization for low temperature plastic-based substrates.
At the last Society for Information Display (SID) International Symposium , held in May 2008 , the Chair of Display Technology of Universitaet Stuttgart presented the world's first full color active matrix LCD where ITO as transparent conductive film (TCF) was completely replaced by random carbon nanotube (CNTs) networks. The display has a qVGA resolution (320xRGBx240) at 4" diagonal. The CNT networks are deposited by spray coating from suspension, which replaces a costly vacuum process. This demonstrates for the first time the applicability of CNTs as TCF in a state-of-the-art amorphous silicon active matrix process. It also gives a great perspective for future flexible displays, since CNT networks are much more reliable in flexible applications than the amorphous ITO. The complete display, including AM-backplane, color filters, and a dedicated addressing system was developed designed and fabricated at the Universitaet of Stuttgart .
"The collaboration with the Universitaet Stuttgart is very productive. Their expertise and facilities for microelectronic processes are well-known and are very suitable for our need to transition from an idea to a proof of concept," said Dr. Zvi Yaniv, Chief Executive Officer of Applied Nanotech.
"Our cooperation with Applied Nanotech, Inc. is an excellent and very positive experience. Their extensive CNT TFT process know how was instrumental for kick-starting the CNT TFT work in our lab, which is an ideal extension of our pre-existing CNT-TCF efforts," said Prof. Dr.-Ing. Norbert Fruehauf, Chair of Display Technology University of Stuttgart .
ABOUT NANO-PROPRIETARY, INC.
Nano-Proprietary, Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech, Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. The Companies have over 250 patents or patents pending. Nano-Proprietary's business model is to license its technology to partners that will manufacture and distribute products using the technology. Nano-Proprietary's website is www.nano-proprietary.com.
ABOUT CHAIR OF DISPLAY TECHNOLOGY, UNIVERSITAET STUTTGART
The Chair of Display Technology of Universitaet Stuttgart, Germany is well known as one of the leading Research Laboratories in the field of application oriented technology development of all kinds of flat panel display devices. It maintains a clean room laboratory with a footprint of more than 480m² with cleanroom class 10-100 equipped with thin film technology for the development and fabrication of active matrix liquid crystal and OLED displays on up to 400mm x 400mm substrates. The laboratory has more than 17 years of experience in prototyping various kinds of flat panel display technologies including passive and active matrix LCDs and OLEDs on rigid and flexible substrates. In an outstanding track record of joint research cooperations the process and prototype developments have always been focused to the practical needs of industry. The Chair of Display Technology's website is: www.lfb.uni-stuttgart.de/index.en.html
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in Nano-Proprietary's annual report on Form 10-K for the fiscal year ended December 31, 2007 , and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from Nano-Proprietary's website listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
COMPANY CONTACT
Doug Baker
Chief Financial Officer
Nano-Proprietary, Inc.
248.391.0612
Email Contact
MEDIA CONTACT
William J. Spina
781.378.2000
Email Contact
SHMT (.59) American International Industries, Inc. Announces Letter of Intent to Purchase Shumate Machine Works, An Energy Related Company
Thursday, June 26 2008 9:15 AM, EST
PrimeNewswire "PrimeNewswire "
HOUSTON and KEMAH, Texas , June 26, 2008 (PRIME NEWSWIRE) -- American International Industries, Inc. (Nasdaq:AMIN) Mr. Daniel Dror, Chairman and CEO, today announced that the Company has entered into a non-binding letter of intent to purchase 100% of Shumate Machine Works Corporation ("SMW"), a subsidiary of Shumate Industries, Inc. (OTCBB:SHMT), for approximately $6.7 million , including $1.7 million of assumed liabilities. The closing of the proposed transaction is expected to occur before July 30, 2008 , subject to certain conditions related to the proposed purchase price, the receipt of all third party consents, and the approval of the shareholders of Shumate Industries, Inc.
Shumate Machine Works manufactures highly specialized equipment for energy industry customers including Baker Hughes, Halliburton Energy Services, Smith International , National Oil Well Varco, BJ Services Company , Canrig Drilling Technology, a Nabors Industries company, Enventure Global Technologies, FMC Technologies, Oceaneering Intervention Engineering, Shell Development, Weatherford International and other energy related companies.
SMW produces complex assemblies, including expandable tubing technology products that are used in field service operations for oil and gas exploration under extreme environmental conditions. SMW manufactures large-diameter products and close tolerance machined parts that range up to thirty-four feet in length using state of the art, large part CNC equipment. SMW will continue to manufacture components for Hemiwedge Valve Corporation , the remaining subsidiary of Shumate Industries, Inc. after the purchase, which is developing and commercializing proprietary new valve product lines.
Mr. Dror stated, "SMW will continue its strategic alliance with Hemiwedge(r) to support its significant anticipated growth. Additionally, the Company expects benefits from synergies between SMW and our subsidiaries, Delta Seaboard Well Service, Inc. and Hammonds Industries, Inc. "
SMW, which operates out of a 30,000 square foot manufacturing facility located in Conroe, Texas , had approximately $8 million in revenues and EBITDA adjusted for non-recurring expenses of $1.4 million for the year ended December 31, 2007 . With the additional capital investment that we will provide, SMW expects to substantially increase future revenues and profits.
Larry Shumate, President of Shumate Machine Works, stated, "I am pleased with the financial and management expertise that American International Industries will bring to SMW and look forward to working with their management team to facilitate SMW's future growth."
About American International Industries, Inc.
American International Industries, Inc. is a diversified holding company, with a business model similar to General Electric, Tyco International , and Berkshire Hathaway. The Company has holdings in Industry, Finance, and Real Estate in Houston Texas and surrounding areas, and Oil & Gas. The vision of the Company is to develop holdings in various industries through acquisition of existing companies, applying the financial resources and management expertise to foster the growth and profitability of the acquired businesses. The holding company serves as a financial and professional partner to the management of the subsidiaries. The role of the holding company is to improve each subsidiary's access to capital, achieve economies of scale by consolidating administrative functions, and utilize the financial and management expertise of corporate personnel across all units. The Company is continuing to work with management of the subsidiary companies to improve revenues, operations and profitability. For additional information on American International Industries, Inc. and its products, please visit http://www.americanii.com.
About Shumate Industries, Inc.
Shumate Industries, Inc. is a Texas -based energy field services company that incorporates new technologies to bring products to market leveraging its existing infrastructure, expertise and customer channels. The Company operates through two wholly owned subsidiaries: 1.) Shumate Machine Works, a contract machining and manufacturing division focused in oilfield tubular products, and 2.) Hemiwedge Valve Corporation , a proprietary new valve technology division. The Hemiwedge division commercialized its Hemiwedge(r) Cartridge valve product line targeting oil, gas, process and power markets in early 2007 and is in prototype development of its Hemiwedge(r) sub-sea high pressure valve product line and a Hemiwedge(r) down-hole valve product line which it intends to commercialize via corporate partners. For additional information on Shumate Industries, Inc. and its products, please visit http://www.shumateinc.com.
Private Securities Litigation Reform Act Safe Harbor Statement:
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued value of our real estate portfolio, the strength of the real estate market in Houston, Texas as a whole, continued acceptance of the Company's products and services, increased levels of competition, new products and technology changes, the dependence upon financing, third party suppliers and intellectual property rights, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.
CONTACT: American International Industries, Inc.
Investor Relations:
Rebekah Ruthstrom
281-334-9479
amin@americanii.com
FEGR (.27) Friendly Energy Enters Into Letter of Intent
Thursday, June 26 2008 9:15 AM, EST
Market Wire "US Press Releases "
CARSON CITY, NV -- (MARKET WIRE) -- 06/26/08 -- Friendly Energy Exploration (PINKSHEETS: FEGR) -- The Company announces today that it has entered into a Letter of Intent with Southwest Talpa L.L.C. for the development of certain leases totaling 1300 acres located in Runnels County, Texas .
"The company is currently analyzing the potential for development of this prospect as an oil producing property," states Company President, Douglas Tallant. "This property currently has an existing well in place and Friendly Energy and its partners Southwest Talpa L.L.C. are analyzing the current production to determine an in-field drilling development plan.
"Friendly Energy is committed to the exploration and development of its prospects to take advantage of the current market pricing in the price of oil and gas by developing undeveloped reserves with little downside risk."
Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.
For Additional Information: www.FriendlyEnergyCo.com
This news release contains information that is "forward looking" in that it describes events and conditions, which Friendly Energy Exploration ("FEGR") reasonably expects to occur in the future. Expectations for the future performance of the business of FEGR are dependent upon a number of factors, and there can be no assurance that FEGR will achieve the results as contemplated herein and there can be no assurance that FEGR will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FEGR disclaims any obligation to update any forward-looking statement made herein.
Contact:
BearPaw Marketing
www.BearPawMarketing.com
Sean Tallant
1 970 434 4297
ECSC bid went to .03 right before close. May be good for tomorrow
I grabbed small @ .10
PSPO .10 -78.72%
DMDD .021 -41.67%
GXYF (.145) Galaxy Nutritional Foods Announces FY 2008 Operating Results Conference Call for Tuesday, July 1, 2008
Wednesday, June 25 2008 3:23 PM, EST
PR Newswire "US Press Releases "
ORLANDO, Fla ., June 25 /PRNewswire-FirstCall/ -- Galaxy Nutritional Foods (OTC Bulletin Board: GXYF), a leading developer and marketer of cheese alternatives, organic dairy and other organic and natural food products, today announced that it will host an investor conference call to discuss operating results for the fourth quarter of the 2008 fiscal year at 11:00 a.m. EDT on Tuesday, July 1, 2008 . The Company plans to report its operating results before the market opens the same day.
Shareholders and other interested parties may participate in the conference call by dialing 888-200-8867 (international/local participants 973-935-8765) and referencing the ID code 53770300 a few minutes before 11:00 am EDT on July 1, 2008 . A replay of the conference call will be available on Galaxy Nutritional Foods Website at: http://www.galaxyfoods.com/investors/transcripts.asp starting on Wednesday, July 2, 2008 .
About Galaxy Nutritional Foods, Inc.
Galaxy Nutritional Foods, Inc. (OTC Bulletin Board: GXYF) develops and globally markets plant based cheese alternatives, organic dairy and other organic and natural food products to grocery and natural foods retailers, mass merchandisers and foodservice accounts. Veggie, the leading brand in the grocery cheese alternative category and the Company's top selling product group, is primarily merchandised in the produce section and provides calcium and protein without cholesterol, saturated fat or trans-fat. Other popular brands include: Rice, Veggy, Vegan, Rice Vegan and Wholesome Valley. Galaxy Nutritional Foods, Inc. is dedicated to developing nutritious and delicious food products made with high quality natural ingredients that exceed the expectations of today's health conscious consumers. Galaxy is also committed to reducing its environmental impact as part of an Eat Green for Body & Earth(TM) program that offsets carbon emissions associated with product shipping and emphasizes the use of organic ingredients. For more information on Galaxy's products or green initiatives, visit www.galaxyfoods.com . Galaxy Nutritional Foods, Inc. is headquartered in Orlando, Florida , and its common stock is quoted on the OTC Bulletin Board under the symbol "GXYF" .
SOURCE Galaxy Nutritional Foods
TTNC .011 -52.17%
ECSC .15 X .16 -61.90%
GRMU (.0012) GREM USA Launches Redesigned Website; To Offer Online Ordering
Wednesday, June 25 2008 2:12 PM, EST
Market Wire "US Press Releases "
FORT WAYNE, IN -- (MARKET WIRE) -- 06/25/08 -- GREM USA (OTCBB: GRMU) ("GREM," "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, today announced that the redesigned GREM USA website is now available at http://www.gremusa.com.
The redesigned site, geared to modernize and enhance GREM's e-commerce capabilities, should ultimately provide GREM's customers an easier avenue to locate guitars available for sale, purchase guitars directly from their browser, and enhance the overall customer experience. The site was designed with free and open-source software, which minimized the Company's cost in upgrading the previous GREM site.
GREM USA President Edward Miers commented, "We're not reinventing the wheel by any means. We'd be the first to admit that we had an aging, static website that wasn't very representative of the cutting-edge instruments we build. Our new site will help us better convert 'window shopper' traffic to sales traffic, improve our public image with our peers, and reinforce our commitment to our shareholders that regardless of our market capitalization or share price, we're always looking for ways to improve how we do things."
Over the next few weeks, the website will be further expanded to include additional interactive resources including forums, polls, FAQs, and even an electronic coupon/discount system to afford shareholders special pricing on our latest designs.
Miers continued, "It's an exciting time for our company. We're moving forward with measured optimism that our recently announced merger aspirations are going to provide a remarkable change of direction for our Company and its shareholders. Like any small Company, we've struggled with managing our debt and providing enough capital to give our guitars a fighting chance in a competitive market. Ironically, our debt is one of the most attractive aspects of our potential transaction -- capable of providing a merger partner virtually tax-free income for a sizeable portion of their yearly sales."
The Company has been approached by a second manufacturer interested in a similar transaction to that being contemplated between GREM and the top-tier guitar maker originally disclosed. While management remains focused and dedicated towards consummating an initial letter of intent with the original merger candidate, GREM is committed to providing its shareholders the best possible value for their investments and will thoroughly research the latest opportunities presented to the Company. Management believes that the emergence of a second merger candidate greatly increases the likelihood of an executed letter of intent in the foreseeable future.
Miers concluded, "Regardless of the end result of these discussions, we're going to continue to put our best foot forward, advance our company to the best of our ability, and increase shareholder value in whatever areas we can. We hold no illusions that a cleaner website materially alters the course of our business, but it's a terrific improvement and a project we hope will only get better over time."
About GREM USA
GREM USA is a publicly traded company focusing on design and manufacturing of custom hand-crafted and electric guitars. For more information, visit our website at http://gremusa.com/.
This press release contains certain "forward-looking" statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements which are not historical facts, are forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties. There can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to the Company's ability to consummate and complete operations, the Company's access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company's public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of any offer to buy securities.
Contact:
GREM USA
Edward Miers
260-456-2354
SHOE .28 -33.33%
WTVN (.0001) Wi-Fi TV Inc. to Deliver Free Personal TV Stations to U.S., China and Europe, Seek Top Web Site Ranking, Reverse Stock and Launch Shareholder Loyalty Program
Wednesday, June 25 2008 1:53 PM, EST
Business Wire "US Press Releases "
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Wi-Fi TV Inc. (Pink Sheets:WTVN) today announced a Shareholder Loyalty Program, a reverse stock split and a new business plan aimed at aggressively growing the number of Wi-Fi TV registered users (www.Wi-FiTV.com) and potentially increasing the valuation and reducing the debt of the company. Specifically, Wi-Fi TV Inc. announced the following:
1) It is reversing its common stock shares by 1000-to-1 with an
effective date expected to be June 30, 2008 , and with special
benefits for current shareholders (see below). Wi-Fi TV had not
previously planned to reverse its stock shares in 2008, but decided
to take this action based on many factors including:
a) the lack of a bid price on its stock, resulting in the stock
currently having little value
b) the current economic environment,
c) the prospects for business expansion into China ,
d) a new business plan to increase registered users,
e) new Wi-Fi TV Shareholder Loyalty Program to reward existing
shareholders,
f) potential increased valuation of Wi-Fi TV Inc. as a result of
this action
2) Wi-Fi TV Inc. is restructuring its stock concurrent with a new
business plan that will allow individuals to have Free Personal Wi-Fi
TV Stations. Wi-Fi TV plans to make these stations available in Fall
2008 in the United States , China and Europe . Wi-Fi TV will continue
to sell Business Internet TV stations to businesses and organizations
at prices beginning at $25,000 . Wi-Fi TV Inc. feels the effect of
introducing this Free Personal TV Station program will be to position
Wi-FiTV.com to potentially become one of the top ranked web sites in
the world. Wi-Fi TV Inc. has recently announced it has reached an
agreement to introduce Wi-Fi TV into China through a leading China
content network provider. China is fast becoming the world's largest
Internet market, and many popular U.S. based web sites are banned in
China . Wi-Fi TV has taken steps to insure that its site can be
delivered to China , specifically it has signed a contract with the
same China based content network provider that has worked with
MySpaceChina and the largest networking web site in China , to help
with distribution in China (there is no affiliation between Wi-Fi TV
Inc. and MySpace). The Company has a comprehensive plan to increase
its involvement in distribution to China . (There can be no assurance
that regulations will not at some point limit Wi-Fi TV's distribution
in China , however the Company will attempt to provide a site that
meets with China's requirements.)
3) Wi-Fi TV is in on-going discussions with its largest creditor about
potentially restructuring its corporate convertible debt. In
addition, Wi-Fi TV Inc. has publicly stated that it is working toward
the goal of ultimately eliminating its convertible debt. This debt is
currently estimated to be approximately $7 million and also results
in additional derivative liability to the company. Restructuring or
eliminating such debt, or a change in the beneficial ownership of
such debt, could reduce the Company's need to dilute its stock
through new stock issuance required under the convertible debenture
notes. Wi-Fi TV Inc. feels that by reversing its stock at this time
it has enhanced its possibility to reduce and/or restructure this
debt. Wi-Fi TV Inc. is in default under its convertible debt
obligations and there can be no assurance that a new agreement
pertaining to the convertible debt will be reached.
4) For the record and to clear up any misrepresentation that may occur
in misleading postings on the Internet, no officers or directors of
Wi-Fi TV Inc. have sold any personally owned shares of Wi-Fi TV Inc.
in the past several years.
5) Wi-Fi TV Inc. is implementing a new Wi-Fi TV Shareholder Loyalty
Program to reward its longtime shareholders. The program will offer
all shareholders of record on June 24, 2008 , their choice of any of
the following, at the discretion of the investor:
a. a Wi-Fi TV Business Internet TV station valued at $25,000
which they can use for their own business or any personal use.
(A Wi-Fi TV Station is good for a period of two years, and
includes a dedicated page on Wi-Fi TV whereby the owner can
upload, activate, deactivate and select the order of on-demand
and "loop" videos, can upload a logo and station description,
can upload banner ads, can provide links to other web sites and
can place an RSS news feed. A Wi-Fi TV Station owner must
conform to all rules and regulations of owning a Wi-Fi TV
Station which may change from time to time. Please note that
there are tax consequences of receiving a station, and each
owner must check with a tax professional and is responsible for
any tax consequences. After two years there may be a
maintenance fee should an owner wish to continue having their
station online, the current fee is $1,000 per year. However,
there is no financial obligation by taking part in the two year
free station program.)
b. Wi-Fi TV will pay restricted stock for participation in a
monthly Wi-Fi TV shareholder survey regarding its web site.
(Such stock will be paid out monthly based on participation,
and upon acceptance of the terms under which the stock is
issued. There are tax consequences in the issuance of this
stock to the recipient and the recipient must check with a tax
professional and be responsible for any tax consequences).
A form whereby shareholders can participate in this program will be available by emailing info@wi-fitv.com. This statement will also be posted during the month of July on the ticker tape that appears at the top of most pages of the web site www.Wi-FiTV.com. For information on the Wi-Fi TV Shareholder Loyalty Program for all shareholders of record on June 24, 2008 , please email info@wi-fitv.com. Full rules and regulations of participation in the program will appear on the form.
Wi-Fi TV, in order to cut down on misleading information regarding the above actions that may be posted on the Internet, will return calls to shareholders of record. Send an email to info@wi-fitv.com with your name, number of shares currently owned, phone number and a good time to call. Alternatively, questions can also be answered by email. Wi-Fi TV Inc. will only respond to shareholders of record who identify themselves in the best interests of all shareholders.
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 web site (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 web site.
The Company was launched in 1995 and has been publicly traded since November 1997 . Wi-Fi TV Inc. recently announced that it is adding additional technological features to its web site to position it to be a leader in Internet TV market share, and has introduced a simplified sign-up process. Wi-Fi TV has several exclusive TV stations including www.Wi-FiCars.com, www.Wi-FiGreen.com, www.WatchWi-FiTV.com.
For information on purchasing a Wi-Fi TV Station, send an email to info@wi-fitv.com or call 949-675-5011.
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. This press release shall not be deemed a general solicitation.
Source: Wi-Fi TV Inc.
HSYT .10 X .11 -50.00%.
FVRG (1.35) ForeverGreen Acquires Rights to Promising Weight Management Pill
Wednesday, June 25 2008 1:00 PM, EST
Business Wire "US Press Releases "
OREM, Utah --(BUSINESS WIRE)--
ForeverGreen Corp. (OTCBB:FVRG), a manufacturer and distributor of all natural whole foods, today announced the company is preparing to launch an all new division, O3 World, featuring a weight management system proven to help lose weight.
The key product features a patent-pending ultra-pure super absorbent hydrogel that has the remarkable ability to absorb up to 500 times its weight in water in the stomach in just a few minutes. The key ingredient is made from a synthetic carbomer developed for use as a temporary pre-meal gastric bulking agent. As a class, carbomers have been approved as GRAS or "generally recognized as safe" for many years and have been used in a wide variety of nutritional products.
While ForeverGreen is building up inventory and preparing its marketing materials, the company has signed up more than 1,000 distributors in its North American pre-launch efforts. The vast majority of these new distributors have direct sales experience with existing sales channels providing instant distribution for this new product. Executives anticipate initial shipments of samples to arrive as early as July and full production by the end of the summer.
"There is sincere excitement and enthusiasm surrounding the new division and this weight management product," stated ForeverGreen CEO Ron Williams. "The potential for this product in this industry is what is exciting our existing distributors and attracting seasoned leaders across the industry. When I am asked about the potential for future revenues, I reflect upon the time we added FrequenSea to our business model. Sales went from approximately $1 million per quarter to nearly $6 million within a year's time. I see no reason why this division could not add this type of growth to our fiscal results."
www.forevergreen.org
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural products to North America , Australia , Europe , and Asia. Offerings include FrequenSea(TM) a whole-food beverage, 24 Karat Chocolate(R), ForeverYoung(TM) Essential Oils, Pulse(TM), a whole-food snack or meal replacement and an entire catalog of meals, snacks, household cleaners and personal care products.
Source: ForeverGreen Worldwide Corporation
FRGY (.0101) Frontier Energy Cancels Letter of Intent to Acquire Archer Texas Property
Wednesday, June 25 2008 12:50 PM, EST
Market Wire "US Press Releases "
NORTH LAS VEGAS, NV -- (MARKET WIRE) -- 06/25/08 -- Frontier Energy Corporation ("Frontier" or the "Company") (PINKSHEETS: FRGY), after consultations with the Frontier Board of Directors and consultants, has decided to cancel the letter of intent to purchase the two leases in Archer County, Texas and the partnership with American Petroleum that was previously announced.
Frontier CEO Bob Genesi comments, "It is unfortunate that this purchase did not materialize. We want what is best for our shareholders and the Company. After discussions with our professional advisors, our Board determined that this proposed transaction was not in the Company's best long-term interests. The Company continues to have discussions with other parties to implement its business plan, which we will report on at the appropriate time."
About Frontier Energy Corp.
Frontier is an exploratory oil and gas business headquartered in Las Vegas, Nevada . Our goal is to build a solid portfolio of assets through the acquisition of leases and explore and develop the opportunities on our leases.
Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations thereunder. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the oil and gas industry, competitive pricing pressures, completion of possible acquisitions, success at integrating and operating any acquired operations and the availability of necessary financing. These statements speak only as of above date, and Frontier disclaims any intent or obligation to update them.
Contact:
Frontier Energy Corporation , Las Vegas
Robert Genesi
702-648-5849
ENVK (.50) Envirokare Announces Financing Agreement at LRM Industries
Wednesday, June 25 2008 12:17 PM, EST
Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)--
ENVIROKARE TECH, INC. (OTCBB: ENVK), announced that LRM Industries, LLC ("LRM") has secured financing to extend its current operating line of credit. Envirokare, through its joint venture interest in LRM, is developing state-of-the-art TPF ThermoPlastic Flowforming(TM) and STF Sheetless Thermoforming(TM) process technologies, which produce proprietary long-fiber reinforced and non-reinforced thermoplastic products.
The financing was provided by SunTrust Bank and includes an extension of an existing revolving credit line to provide up to $1 million , or $1.55 million in the aggregate, in additional working capital to be utilized by LRM for general operating purposes.
LRM Industries, LLC was formed to commercialize TPF ThermoPlastic Flowforming(TM) and aligned technologies through development, manufacturing and licensing. LRM is a joint venture of NOVA Chemicals, Inc. and Envirokare Composite Corporation (a wholly owned subsidiary of Envirokare Tech, Inc. ).
TPF ThermoPlastic Flowforming(TM) and STF Sheetless Thermoforming(TM) are emerging process technologies for the low pressure, fully automated molding of long-fiber-reinforced ("LFRT") and non-reinforced thermoplastic large structural parts providing enhanced mechanical properties through, with respect to LFRT parts, the randomization and preservation of fiber length in molded parts. LFRT and non-reinforced molded products represent two of the fastest growing segments of the worldwide molded plastics market, with applications replacing conventional materials such as steel, aluminum, wood, fiberglass and cement, in nearly all major industrial market segments. The worldwide market for LFRT and non-reinforced products is estimated to be a multi-billion pound opportunity with double-digit growth rates currently and into the future. The enhanced mechanical properties of TPF ThermoPlastic Flowforming(TM) molded products, coupled with low material costs (including the use of recycled polymers) and low conversion costs, make TPF ThermoPlastic Flowforming(TM) and STF Sheetless Thermoforming(TM) patented technologies strong contenders for this multi-billion pound opportunity.
Envirokare welcomes inquiries regarding their products and programs. Interested parties are also directed to the SEC's EDGAR informational system to obtain currently filed Envirokare corporate information.
A WARNING ABOUT FORWARD-LOOKING STATEMENTS
Any statements contained in this letter that are not statements of historical fact are forward-looking statements. You can identify these statements by words such as "may," "will," "will be," "expect," "are anticipated," "are expected," "estimate," "continue" or other similar words. These statements discuss future expectations, contain projections of results of operations or financial condition or state other forward-looking information and are based on certain assumptions and analyses made by Envirokare in light of its perception of current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, including such factors as uncertainties in cash flow, expected time and costs of litigation, the volatility and level of oil and natural gas prices, production rates and reserve replacement, reserve estimates, competition, litigation, environmental matters, the potential impact of government regulations, fluctuations in the economic environment and other such matters, many of which are beyond our control. You are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements.
Source: Envirokare Tech, Inc.
GOFH (.35) DIC Entertainment Signs GoFish as Exclusive Advertising Representative for DIC's Network of Youth Websites
Wednesday, June 25 2008 12:15 PM, EST
Business Wire "US Press Releases "
BURBANK, Calif.--(BUSINESS WIRE)--
DIC Entertainment (DIC) (LSE: DEKE), a leading global brand management company, and GoFish Corporation (OTCBB: GOFH), www.gofishcorp.com, a leading online entertainment and media company, have finalized an agreement for GoFish to serve as DIC's exclusive online advertising representative across the Company's network of sites.
As part of the deal, GoFish will provide content-appropriate on-page and broadband ads across DIC youth focused websites, including (but not limited to) KewlCartoons.com, Kewlopolis.com, Trollz.com, Libertyskids.com, Goodlucktrolls.com, Dinosquad.com, Caketv.com. Additionally, GoFish will pursue online video advertising streams for KewlCartoons.com.
"Children today spend a significant amount of time online so it has become essential for us to have a major online presence with our properties if we want to continue to effectively build our brands," comments Frederic Soulie, Vice President, Interactive & New Media, DIC. "We also need to be conscientious of the quality of advertising crossing our sites, and GoFish has the expertise and track record to help us meet those objectives." He adds, "We look forward to building value in our properties as a result of this relationship."
" DIC Entertainment is a pioneer in the youth media market, and we are confident that this new collaboration will both enhance and expand the quality of ad content currently available on its sites," says David Fisch, Vice President of GoFish. "Furthermore, DIC's array of youth properties and brands presents GoFish with well-known icons that are attractive to youth focused advertisers."
DIC Entertainment , a fully-integrated global brand management company, is dedicated to creating, developing, producing, distributing, marketing and merchandising family-based intellectual properties. The Company serves as the worldwide licensor or agent for brands such as McDonald's(R), Strawberry Shortcake(TM), Horseland(TM), Mommy & Me(TM), The Beginner's Bible(TM) and Eloise(TM). DIC has distinguished itself by building one of the largest libraries of animation worldwide with approximately 3,000 half-hours of programming, including Inspector Gadget(TM), Dino Squad(TM), Strawberry Shortcake, Horseland(R), Sabrina(TM), Madeline(TM), Liberty's Kids(TM), Sonic The Hedgehog(TM) and Care Bears(TM). In 2007, DIC and CBS launched a new educational and informational Saturday morning programming block, "KEWLopolis on CBS." As a pre-eminent supplier of kid's programming worldwide, DIC has developed strategic partnerships with key broadcast partners throughout North America , Europe , Asia, Latin America, Africa and Australia . DIC is headquartered in Burbank, California with offices in New York , Paris and London . For more information please visit www.dicentertainment.com.
GoFish Corporation (www.gofishcorp.com) (OTCBB: GOFH), headquartered in San Francisco and New York with sales offices in Los Angeles , Chicago and Detroit , is a leading entertainment and media company focused on brand immersion experiences that reach kids, teens and moms in a deeply engaged mind state. GoFish specializes in aggregating and distributing premium content on a large network of quality sites for which GoFish is the exclusive brand advertising monetization partner. The GoFish Network of sites reaches over 21 million unduplicated online users domestically, and 66 million worldwide. It presently ranks as the 3rd largest kids/teens opportunity and a top 5 'mom' opportunity for blue-chip advertisers.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release are generally identified by words, such as "projects," "believes," "anticipates," "plans," "expects," "will," and "would," and similar expressions that are intended to identify forward-looking statements. Forward-looking statements in this press release include, without limitation, the statement that the financing will allow GoFish to continue to implement its sales and marketing strategy. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of GoFish to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. Actual events may differ materially from those mentioned in these forward-looking statements because of a number of risks and uncertainties. Discussion of factors affecting GoFish's business and prospects is contained in GoFish's periodic filings with the Securities and Exchange Commission . GoFish undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise unless required to do so by the securities laws. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the GoFish's filings with the Securities and Exchange Commission . These filings are available on a website maintained by the Securities and Exchange Commission at www.sec.gov.
Source: DIC Entertainment
EPAZ (.08) Epazz, Inc. Completes Acquisitions of DeskFlex, Inc. and Professional Resource Management, Inc.
Wednesday, June 25 2008 12:01 PM, EST
Market Wire "US Press Releases "
CHICAGO, IL -- (MARKET WIRE) -- 06/25/08 -- Epazz, Inc. (OTCBB: EPAZ) www.epazz.com announced today that it has completed the acquisitions of DeskFlex, Inc. and Professional Resource Management, Inc.
Professional Resource Management (www.prminc.com) is a 22-year-old software company based out of Palatine, IL. Its lines of proprietary software include "Agent Power" which allows call center managers to control and monitor agent schedules and productivity. Call centers benefit from improved planning, scheduling, real-time agent status, historical agent performance and group performance. Reports provide feedback to management on a real-time, daily, weekly, monthly, and year-to-date basis. The key benefit of Agent Power software is the ability to establish and maintain the proper balance between staffing and workload in the call center.
DeskFlex, Inc.'s proprietary hoteling software supports the use of shared workspaces by multiple employees. Mobile workers are often absent from the office leaving their desks vacant. By establishing a pool of shared resources and a reservation system, companies can materially reduce real estate expenses by limiting the space needed for offices, desks, meeting rooms and even reserved parking spaces. DeskFlex creates an easy to navigate web site allowing employees to reserve workspace in advance and interacts with popular telephone systems to enable phone calls to be routed to the employee's temporary desk.
Epazz, Inc. , Chief Executive Officer Shaun Passley, stated, "The acquisition of DeskFlex and Professional Resource Management provides us a solid customer base of Fortune 500 companies, opening up numerous opportunities to cross-sell customers on Epazz's BoxesOS and develop new software programs. We will be using Professional Resources Management's overseas operations, opening up a presence in the United Kingdom for Epazz which will immediately provide numerous international sales opportunities."
These acquisitions are part of the Company's long-term strategic growth plan to purchase established B2B software companies. Epazz is also currently in negotiations to acquire several other B2B software companies.
About Epazz
Epazz Inc. is an enterprise-wide software company that specializes in providing customized web applications to the corporate world, higher education institutions and the public sector.
Epazz BoxesOSv3.0 is the complete business web-based software package for small to mid size businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides many of the web-based applications organizations would have to buy separately.
BoxesOS allows for employees to view announcements online. Employees are able to share documents from multiple locations throughout the world. With BoxesOS employees are able to take training courses and their supervisors are able to view the results online. Companies are able to create self-service portals for their customers to pay for their invoice and download instructions. Companies can also create self-service portals for their partners to request new marketing materials or view a demo. BoxesOS connects to companies' databases to easily bring all of their information together.
BoxesOS includes an intranet, portal, extranet, central knowledge repository, document management, workflow engine, website management, web collaboration, email system, and learning management system into one complete web-based solution which connects to organizations' backend systems.
BoxesOS allows the organization to start-up by implementing elegant web-enabled information dashboards for each stakeholder group. Functionality with administrative systems can be swiftly completed using BoxesOS connectors to other back-end systems. Business applications that require upgrading can be upgraded on a prioritized basis as desired, and easily linked to BoxesOS and its personal information system.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe," or "continue" (or the negative thereof) or similar terminology. Such forward-looking statements are subject to risk, uncertainties and other factors that could cause actual results to differ materially from future results or implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that is not paid for by Epazz. Investors are encouraged to review Epazz's public filings on SEC.gov, including its unaudited and audited financial statements, and its Registration Statement, Form 10-K's and Form 10-Q's, which contain general business information about the Company's operations, results of operations and risks associated with the Company and its operations.
Investor Relations Contact:
investors@epazz.net
(866)210-4671
HLLD (.027) Hollund Industrial, Inc. Announces Temporary Restraining Order and Lawsuit
Wednesday, June 25 2008 11:55 AM, EST
Market Wire "US Press Releases "
BRANSON, MO -- (MARKET WIRE) -- 06/25/08 -- Hollund Industrial, Inc. (PINKSHEETS: HLLD) ("Hollund" or the "Company") announced today that a lawsuit was filed by Mr. Lonnie Hayward in Case # S-084340 in the Supreme Court of British Columbia on June 17, 2008 , alleging breach of a contract.
The lawsuit names as defendants John Briner, Erwin Liem and President's Corporate Group Inc. ("PCG"), a private company Mr. Liem controls. It also names as defendants Swiss brokerage Rahn and Bodmer Banquiers and Oregon transfer agent Transfer Online Inc. The plaintiffs are Hollund and Mr. Hayward.
On June 20th, 2008 , Hollund was granted a temporary restraining order and an injunction restraining the transfer of 25.5 million HLLD shares that allegedly were illegally issued and transferred. Both Hollund and Mr. Hayward fear that because of the past conduct and questionable dealings relating to PCG, and because Mr. Briner and Mr. Liem improperly obtained the 25.5 million shares, the Company will suffer continuing and irreparable harm.
"This lawsuit is consistent with our commitment to protecting our legitimate shareholders, and it is our intention to fully support Mr. Hayward as we vigorously seek justice in the courts," states Michael Lacy, President and CEO.
About Hollund Industrial, Inc.
Hollund Industrial, Inc. (PINKSHEETS: HLLD) is a technology development and production company focused on the marine industry. Hollund Industrial Robotics Systems Inc , Hollund's wholly owned subsidiary, has the exclusive patents to TigerLynk technology. TigerLynk is an innovative heavy machine system being developed for remote underwater construction, forestry, mining, and flood emergency response applications.
For more information on Hollund, visit www.HollundIndustrial.com.
For more information on TigerLynk machinery, visit www.TigerLynk.com.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks.
CONTACT:
For investor relations
Karolina Czajka
866-840-7219
BIHC .0122 -34.05%. Tanked, bounced, now tanking again
XDSL (.076) mPhase/AlwaysReady, Inc. Receives Award at Mid Atlantic Security & Defense Expo
Wednesday, June 25 2008 11:32 AM, EST
Market Wire "US Press Releases "
LITTLE FALLS, NJ -- (MARKET WIRE) -- 06/25/08 -- mPhase Technologies, Inc. (OTCBB: XDSL) today announced that its wholly owned subsidiary, AlwaysReady, Inc. , received an award at the recent New Jersey Technology Council (NJTC) Mid Atlantic Security & Defense Expo. The award was presented in recognition of AlwaysReady's efforts in developing the Smart NanoBattery, a revolutionary approach to energy storage and power management for commercial, consumer, and military applications. Out of forty company abstracts submitted prior to the conference, only four were chosen to receive awards. The panel of judges was composed of independent representatives from several different organizations active in the security and defense industry.
The Mid Atlantic Security & Defense Expo was held on June 19th in Princeton, New Jersey , and was attended by approximately 150 industry professionals. AlwaysReady, Inc. exhibited and presented at this conference which showcased products and services in the areas of Defense and Homeland Security, and future technologies.
AlwaysReady CEO, Fred Allen, stated, "We are delighted to have received another award from the NJTC. We believe this award is another source of validation as our Smart NanoBattery as a valuable battery with significant potential applications in the Defense and Security markets. It is gratifying to have our efforts recognized and appreciated, especially within this competitive and rapidly growing industry."
Potential applications for the nanobattery could be as a reserve energy source for munitions or remote sensors. Others could be the emergency power for alerts/alarms or portable light sources like flashlights.
About mPhase Technologies, Inc. and AlwaysReady, Inc.
mPhase Technologies Inc. (OTCBB: XDSL), through its wholly owned subsidiary AlwaysReady, Inc. , is focused on developing and commercializing a new battery technology based on a well-patented phenomenon known as electrowetting, which provides a unique way to store energy and manage power that will revolutionize the battery industry. For more information, please visit our website at www.mPhaseTech.com.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the company has no control.
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Contact:
Mr. Gerard Adams
mPhase Technologies, Inc.
Investor Relations
973-256-3737 x105
Email Contact
CCMJ (.0026) CruiseCam Expands Distribution in Europe
Wednesday, June 25 2008 11:28 AM, EST
Market Wire "US Press Releases "
BIRMINGHAM, MI -- (MARKET WIRE) -- 06/25/08 -- CruiseCam International, Inc. (PINKSHEETS: CCMJ) is pleased to announce that we are adding Action Cameras (www.actioncameras.co.uk) to our distribution operations through Driver's Alert.
"Action Cameras is the UK's leading provider of point-of-view video camera equipment, covering the widest range of cameras, recorders, mounts and accessories. Since its creation in 2006, Action Cameras has expanded rapidly to supply camera systems to motorsports and extreme sports professionals, TV production companies, and extreme sports enthusiasts," explained Robin Parker of Action Cameras.
On picking up the CruiseCam product line...
Robin Parker says, "Action Cameras is especially excited to be bringing the CruiseCam product range to the UK and European markets. The CruiseCam product range will provide certain specialist customers with great video product innovations that have until now been difficult to achieve and this at a great price."
"We will look to sell the CruiseCam products through all our European websites (currently UK, French, Spanish) and are also negotiating with resellers," said Robin Parker of Action Cameras.
"We are pleased to have Action Cameras on board," said Scott Watkins, Pres/CEO of CruiseCam International, Inc. " Europe is a terrific market for our products and to have a growing mobile video specialist group added to our distribution will attract a lot of new customers."
About CruiseCam International
CruiseCam International (PINKSHEETS: CCMJ), through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "CruiseCam" offering have been developed since 1996, and are distributed nationwide. For more information, visit: http://www.cruisecam.com/.
SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.
Contact:
Scott Watkins
Email Contact
BSIC (2.42) Basic Earth Announces Restatement of Financial Reports and Filing of Form 8-K
Wednesday, June 25 2008 11:25 AM, EST
PR Newswire "US Press Releases "
DENVER , June 25 /PRNewswire-FirstCall/ -- Basic Earth Science Systems, Inc. ("Basic" or "the Company") (OTC Bulletin Board: BSIC) reported today that is has filed a Form 8-K, Item 4.02 "Non-Reliance on Previously Filed Financial Statements" which identifies an error in the calculation of the financial statements for fiscal years 2006 and 2007. The Company intends to provide restated financial statements in its upcoming Annual Report on Form 10-KSB for the year ended March 31, 2008 . The identified error occurred in calculating the GAAP cost basis of our oil and gas properties in determining the Company's GAAP basis income tax under FAS 109 -- accounting for income taxes. This calculation error in a single account was duplicated in both years. This miscalculation had the effect of understating GAAP basis income tax and overstating net income in the prior periods and will affect the Company's accumulated deficit and deferred tax liabilities in prior and current periods. The quantification of the error is ongoing, but adjustments are expected to be in the range of $900,000 to $1,250,000 , in the aggregate.
"It is possible that our average investor, and perhaps even our more sophisticated investors, may not understand the underlying mechanics of the complex, and perhaps esoteric, accounting calculations stemming from GAAP book versus tax book differences and our related theoretical GAAP income tax liability," commented Ray Singleton, President of Basic.
"In an effort to give clarity to the situation, this restatement has no effect on cash or EBITDA. The Company's actual federal income taxes are not affected; no amendments to our federal income tax filings are necessary, and no additional taxes for prior periods need be paid. While the adjustment will increase the Company's deferred tax liability, this increase may or may not be paid at some point in the future. The greatest and only cash impact the Company foresees is the cost which will be incurred to prepare and complete the restatements and required disclosures."
Founded in 1969, Basic is an oil and gas exploration and production company with primary operations in select areas of the Williston basin, the Denver-Julesburg basin in Colorado , the southern portions of Texas , and along the on-shore portions of the Gulf Coast. Basic is traded on the "over-the- counter - bulletin board" under the symbol BSIC. Basic's web site is at http://www.basicearth.net where additional information about the Company can be accessed.
Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "should," "may," "will," "anticipate," "estimate," "intend" or "continue," or comparable words or phrases. Such forward-looking statements include, but are not limited to, statements regarding Basic's preliminary restated results and other items based on Basic's current expectations and involve risks and uncertainties including, but not limited to, risks and uncertainties related to changes in the correction of the error referenced herein, identification of additional accounting errors or corrections, and/or additional recommendations of the Audit Committee, and other risks detailed from time to time in Basic's SEC filings. Basic cautions that these factors, as well as other factors described in SEC filings, are among the factors that could cause actual results to differ materially from the expectations described in these forward-looking statements. Readers are encouraged to read the SEC reports of Basic, particularly the Company's Current Report on Form 8-K, for meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.
SOURCE Basic Earth Science Systems, Inc.
MYEC (2.20) Patent Issued for Core Technology Used by MyECheck Inc. for Remotely Created Check Service
Wednesday, June 25 2008 11:22 AM, EST
Market Wire "US Press Releases "
SACRAMENTO, CA -- (MARKET WIRE) -- 06/25/08 -- MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, is pleased to announce that the United States Patent & Trademark Office has granted a patent for the technology used by MyECheck for the creation and clearing of imaged authorized demand drafts also known as remotely created check image files.
The Patent issued by the United States Patent & Trademark Office is patent number 7,389,913 and was issued on 06/24/2008, entitled: "METHOD AND APPARATUS FOR ONLINE CHECK PROCESSING."
In general, the patent describes a computer-implemented method for processing an online or phone order payment for an item. The item can comprise one of a physical product, a service, digital media, or digital content. The financial institution can be one of a bank, savings and loan (S&L), credit union, or other. In one implementation, a fully integrated online check processing system is provided that functions much like credit card authorization and settlement, but is much more universally available to consumers, businesses and other users.
Compared to payment systems involving cards or funds transfer systems associated with the ACH network, the electronic images of authorized demand drafts created by the check creation and processing system enable more customers because they are acceptable at every U.S. bank and financial institution, including accounts where ACH is not eligible. Moreover, the check processing system is not subject to NACHA rules and other NACHA regulatory oversight.
Through an agreement with the patent's inventor and owner, MyECheck founder and CEO Ed Starrs, MyECheck is the sole licensee of this new patented technology creating a significant asset for the company. MyECheck uses this technology to provide merchants with the fastest, safest and most cost effective method of accepting payments online, over the phone or from other remote applications.
Ed Starrs, CEO of MyECheck, announced, "MyECheck now has the intellectual property rights to secure our system of eCheck software throughout the industry. We were not only first to market with an online Check 21 solution; we have now staved off competitors. As the most viable alternative payment method, our system provides merchants with access to more customers at a much lower cost than card processing."
Starrs added, "While many checking accounts are not accessible through the ACH network, MyECheck can clear funds from all checking accounts within the Federal Reserve banking system giving us the broadest reach of any electronic payment system. We are excited about this development and believe it will further our growth in the transaction processing industry, while positioning us as the leader in online and remote check processing."
More information on the patent may be found on the company's website or at the United States Patent & Trademark Office.
About MyECheck
MyECheck Inc. is a leading provider of comprehensive alternative payment solutions to credit cards for brick & mortar, internet, and intranet commerce. MyECheck utilizes a proprietary method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck's patented RCC solution provides merchants with financial access to more consumers than any other single payment method, allowing the fastest, safest and most convenient way to process electronic payments from customers.
Please visit www.myecheck.com
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in periodic reports filed with the Securities and Exchange Commission .
Investor Relations:
Patrick Lowry
(916) 932-0089
Email Contact
www.myecheckcorporate.com
CPRX (3.57) Catalyst Pharmaceutical Partners, Inc. Set to Join Russell Microcap(R) Index
Wednesday, June 25 2008 11:23 AM, EST
PR Newswire "US Press Releases "
CORAL GABLES, Fla., June 25 /PRNewswire-FirstCall/ -- Catalyst Pharmaceutical Partners, Inc. (Nasdaq: CPRX) announced today that it is set to join the Russell Microcap(R) Index when Russell Investments reconstitutes its family of U.S. indexes on June 27, 2008 , according to a preliminary list of additions posted on June 13, 2008 on www.russell.com .
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Patrick J. McEnany, Chief Executive Officer of Catalyst, noted, "We are pleased that the Company's shares are being added to the Russell Microcap Index. We view this as recognition of Catalyst's numerous accomplishments over the past year, which have translated into increased market value for our shareholders. Among other milestones during the remainder of the year, we look forward to reporting top line results for our U.S. Phase II clinical trial evaluating our lead compound, CPP-109, as a treatment for cocaine addiction, as well as the initiation of a U.S. Phase II clinical trial for CPP-109 as a potential treatment for methamphetamine addiction. Catalyst is dedicated to bringing innovative therapies to market for the treatment of both drug addiction as well as obsessive compulsive disorders and our inclusion in the Russell Microcap Index should help to expand the Company's visibility and investor base even further."
Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000(R) Index and the Russell Microcap(R) Index. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment strategies.
About Russell
Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution places, and in the life savings of individual investors. Headquartered in Tacoma, Wash ., Russell has principal offices in Amsterdam , Auckland , Johannesburg , London , Melbourne , New York , Paris , San Francisco , Seoul , Singapore , Sydney , Tokyo and Toronto . For more information on Russell indexes, go to www.russell.com .
About Catalyst Pharmaceutical Partners
Catalyst Pharmaceutical Partners, Inc. is a biopharmaceutical company focused on the development and commercialization of prescription drugs for the treatment of addiction and obsessive compulsive disorders. The Company has obtained from Brookhaven National Laboratory an exclusive worldwide license for Brookhaven's patent portfolio in the United States relating to the right to use vigabatrin to treat a wide variety of substance addictions and obsessive compulsive disorders. Catalyst has also been granted rights to Brookhaven's vigabatrin-related foreign patents or patents pending in more than 30 countries. The Company's initial product candidate based on vigabatrin is CPP-109. CPP-109 has been granted "Fast Track" status by the U.S. Food & Drug Administration (FDA) for the treatment of cocaine addiction. This indicates that the FDA has recognized that CPP-109 is intended for the treatment of a serious or life-threatening condition for which there is no effective treatment and which demonstrates the potential to address unmet medical needs. For more information about the Company, go to www.catalystpharma.com .
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. A number of factors, including our ability to successfully complete the clinical trials required for us to file a new drug application for CPP-109, our ability to complete such trials on a timely basis within the budgets we establish for such trials, our ability to protect our intellectual property and those other factors described in the Company's Annual Report on Form 10-K for 2007 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 that the Company has filed with the U.S. Securities and Exchange Commission ("SEC"), could adversely affect the Company. Copies of the Company's filings with the SEC are available from the SEC, may be found on the Company's website or may be obtained upon request from the Company. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.
SOURCE Catalyst Pharmaceutical Partners, Inc.
PRGF (.80) Proginet Partners with Boarderstown to Deliver Managed File Transfer Technology to Growing South Korean Market
Wednesday, June 25 2008 11:05 AM, EST
Business Wire "US Press Releases "
GARDEN CITY, N.Y.--(BUSINESS WIRE)--
Proginet Corporation (OTCBB: PRGF), a leading developer of enterprise software for advanced managed file transfer and security applications, and Boarderstown Co., Ltd. , a leading technology solution provider in the South Korean marketplace, today announced a new reseller partnership. Under the terms of the agreement, Boarderstown will distribute Proginet's CyberFusion Integration Suite (CFI)(TM) throughout the rapidly growing South Korean business market.
The new partnership addresses an intensifying effort by companies worldwide to solve the integration, control, and security requirements relative to the data that drives their business. As data-protection laws, such as the Korean Basic Act on Electronic Financial Transactions of 2007, impact the international business environment, the partnership enables Proginet to leverage Boarderstown's bilingual English-Korean capabilities for sales, technical support, and software language support, in addition to third-party strategic partnerships in the South Korean market.
Companies today need a fast, cost-efficient solution for delivery of large files. As the South Korean government continues to increase protection requirements for customer data in the public and private sectors, Proginet's CFI will enable companies to comply by helping automate the movement of critical business data from different locations, secure the distribution of customer data within the enterprise, and verify the delivery of files to customers and business partners.
"In an increasingly complex global marketplace, secure, managed file transfer has become an essential component of doing business," said Kang Young il, Chief Executive Officer of Boarderstown. "Proginet's CFI is a cost-effective solution that will enable South Korean businesses to efficiently manage the delivery of large files to anyone, anywhere, and it can be easily deployed within their enterprise environment, regardless of their platform requirements. Partnering with Proginet will enable Boarderstown to help our customers manage and control all enterprise file-transfer activity to achieve compliance with regulations and improve business operations."
"Boarderstown is well-known in South Korea for its success in the distribution, support and marketing of enterprise software," said Sandy Weil, Executive Vice President of Sales and Marketing for Proginet. "The South Korean economy is growing at an annual rate of 5.1% per annum, which is double the average growth rate in the major global economies, and recent reports indicate that the IT sector accounts for 46% of total economic growth. Through our partnership with Boarderstown, we are able to deliver Proginet's CFI to this rapidly growing market and provide South Korean businesses with the world's most advanced managed file transfer capabilities."
About Boarderstown Co., Ltd.
As a leading provider of application transformation, modernization and integration solutions, Boarderstown Co., Ltd. is a recognized expert in the Korean systems and application market. With 20 years of industry experience, Boarderstown has an established track record of enabling organizations to quickly and easily integrate new e-business and client/server applications with their existing core systems in a scalable and seamless way. Boarderstown, which is headquartered in Seoul , has more than 500 corporate customers and a network of 12 value added resellers. For more information, visit www.acucobol.net.
About Proginet Corporation
Proginet Corporation is a leading developer of enterprise software for advanced managed file transfer and security applications. Throughout its 20-plus year history, the company has earned an excellent reputation for its multi-platform expertise and dedication to customer service. The Company's flagship solution, CyberFusion Integration Suite (CFI)(TM), is the world's most advanced managed file transfer solution, and supports all major computing platforms, from Windows to the Mainframe. Proginet's global customer base spans more than 30 countries and includes many Fortune 500 companies. The company is headquartered in New York , with offices in Toronto , Canada , and is publicly traded under the symbol (OTCBB: PRGF). For more information, visit www.proginet.com.
To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.
Disclaimer
This press release may contain forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors under those sections. In some cases, you can identify forward-looking statements by terminology such as "expect," "believe," "may," "will," "plans" and "anticipate," or the negative of such terms or comparable terminology. Forward-looking statements appearing herein include statements concerning operating and profitability plans and goals and are based on current expectations.
Source: Proginet Corporation