Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TSYS (3.45) TCS Teams With Verizon Business on U.S. General Services Administration's Washington Interagency Telecommunications System Contract
Friday, December 21 2007 7:59 AM, EST Market Wire "US Press Releases "
ANNAPOLIS, MD -- (MARKET WIRE) -- 12/21/07 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a global leader in mission-critical wireless communications, today announced that it has a valuable new channel for sales to Washington D.C .-area federal government agencies. TCS is part of the Verizon Business team, one of two teams selected by the U.S. General Services Administration (GSA) for its Washington Interagency Telecommunications System (WITS 3) prime contract, awarded in November. The four-year WITS 3 contract, which is expected to start in January 2008 , is valued at as much as an estimated $1.8 billion , including all four annual optional extensions.
As a member of the Verizon Business WITS 3 team, TCS will offer its full spectrum of products and services in support of more than 90 federal agencies and 795,000 federal users in the National Capital Region (NCR), which includes Washington D.C . and portions of its Maryland and Virginia suburbs. As a part of the team, TCS will provide professional services, such as network engineering, telecom expense management, and continuity of operations planning (COOP).
In addition to traditional voice and data service, WITS 3 offers converged Voice-over Internet Protocol (VoIP) services, voice and video teleconferencing services, and Internet access service. Agencies may purchase customer premises equipment, such as telephone sets, PBXs or routers, and technical support services, such as equipment maintenance or project management. The WITS 3 contract offers flexibility to user agencies with Web-based service ordering and multiple billing options, allowing agencies to tailor the use of the contract to their specific ordering and management practices. WITS 3 also will serve as a platform for federal customers seeking to transition to the GSA Networx program over the next decade. For more information about WITS 3, go to www.verizonbusiness.com/wits3.
"TCS looks forward to continuing its strong relationship with Verizon Business by offering the technologies and services that the NCR federal agencies need to support their ongoing telecommunications missions," said Michael Bristol, Senior Vice President, TCS Government Services Group . "It is our intent to provide these customers, the largest local service community of federal government users in the nation, with the best local service telecommunications solutions available. TCS is well positioned to do this based on our work in the Federal market space with key customers in the Department of Defense , Department of Homeland Security , and the Department of State ."
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems and engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless and VoIP carriers around the world, and agencies of the U.S. Departments of Defense, State, and Homeland Security. For more information, visit http://www.telecomsys.com.
Except for the historical information contained herein, this news release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties and are based upon TCS' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include the estimated potential value of the contract, the prospect that the customers will purchase all or any of the products and services offered by TCS, and those detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2006 and Form 10-Q for the quarter ended September 30, 2007 . Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.
Media Contacts:
TeleCommunication Systems, Inc.
Meredith Allen
410-295-1865
MAllen@telecomsys.com
Welz & Weisel Communications
Jane Bryant/Evan Weisel
703-218-3555
jane@w2comm.com
evan@w2comm.com
plhi (.05) Paladin Holdings, Inc. Releases Southland Update Regarding Emergystat of Sulligent
Friday, December 21 2007 7:59 AM, EST Market Wire "US Press Releases "
KINGSPORT, TN -- (MARKET WIRE) -- 12/21/07 -- Paladin Holdings, Inc. (OTCBB: PLHI) releases its Southland update regarding Emergystat of Sulligent. At the request of General Electric Capital Corporation ("General Electric"), a court today has ordered Emergystat of Sulligent, Inc. ("Sulligent"), a wholly owned subsidiary of Southland Health Services, Inc. ("Southland"), operator of ambulance and emergency medical services in certain Alabama counties, not to use its funds to pay the expenses for required functions supplied by its parent company, Southland Health Services, Inc. , virtually crippling Sulligent's ability to operate and requiring that Sulligent operate outside the prescribed legal requirements by the state.
The denied functions include call taking and emergency medical dispatch, proper collection of fees for transportation services, planning and oversight of the proper method of handling drugs and hazardous waste, properly maintaining the vehicles for both licensing and service, certain Human Resource services ensuring personnel meet all certifications and other specific requirements, and maintaining required insurance levels which are vital to the continuing operation of Sulligent as well as being mandated by both the Statutory Authority Code of Alabama section 420-2-1-.03 "Ground Ambulances," specifically subsections (6), (10), (13), (14), (16), and (17) as well as OSHA 29CFR parts 1904 and 1952. In addition to these specific functions, Sulligent was denied the right to pay for general accounting and other normal administrative services. General Electric also asked the court to require Sulligent to make payments in excess of the required statutory obligation ( IRS Code ) to the Internal Revenue Service in the amount of $25,000 a week as a condition to access to any of its operating cash to pay only basic direct cost such as paramedic wages. General Electric refused Sulligent's request to pay Southland for the State mandated services.
Sulligent has advised the court that it cannot operate its business under the restrictions demanded by General Electric. Sulligent is reviewing the court order and exploring all options available to it. In order to ensure no disruption in service in the areas in which Sulligent provides EMS services, Extended Emergency Medical Services ("EMS"), a wholly owned subsidiary of Southland, has offered to provide services on a temporary basis in those counties. Each county has the option to accept this temporary arrangement until such time they can evaluate their permanent EMS solution. Southland is committed not to allow any disruption within the areas of the service previously provided by Sulligent, and will not allow General Electric's request and the subsequent court approval of General Electric's request to harm any of the individuals within the areas served by Sulligent.
Larry Lunan, President and CEO of Southland Health Services, Inc. , stated, "The Sulligent subsidiary sought protection under Chapter 11 Bankruptcy Code; so it, under this relief, could work out an acceptable solution and payment plan for the Sulligent tax deficiency."
Even though this stated purpose was communicated to both the IRS and General Electric , the Company and Mr. Lunan have been attacked viciously in every court hearing. Southland, since Sulligent's filing, has provided Sulligent in excess of $300,000 cash and an additional $300,000 in uncompensated mandatory services through December 17, 2007 . This commitment by Southland to support the subsidiary, Sulligent, has been vilified by all parties which resulted in this latest order. The Company is committed to continue to pursue a favorable outcome for its shareholders and will keep our shareholders informed as well as ensure that emergency medical services are not interrupted and are available to the constituents of the counties the Company serves.
About Paladin Holdings, Inc.
Paladin Holdings, Inc. (OTCBB: PLHI) participates in two distinct business segments:
Bad Toys, Inc.
This division, Bad Toys, Inc. , American Eagle Manufacturing Company and Gambler Motorcycle Company , continues to design, manufacture, distribute, service and sell custom made, Harley-Davidson type, V-twin motorcycles from component parts. We also offer premium accessories, parts, customizing items and apparel related to Harley-Davidson motorcycles on-line and directly from our retail and factory outlets. This division also participates in Sprint Car Racing products and custom car construction and restoration.
Southland Health Services, Inc.
The second business segment, in which the company is a major shareholder (25%) of Southland Health Services, Inc. , provides an array of Health Care services including ambulatory emergency and non-emergency patient transport, wheel-chair van, stretcher van and related transport services. Southland operates in over 200 communities within the following seven states: Mississippi , Alabama , Florida , Kansas , Tennessee , Virginia , and Georgia . We operate in excess of 207 ambulances and wheelchair vans and have over 940 full and part-time employees. At our current run rate we will transport more than 130,000 patients in this calendar year.
Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission , its press releases and other communications. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
Contact:
Larry N. Lunan
President and Chief Executive Officer
Bad Toys Holdings, Inc.
(423) 247-9560
www.paladincorp.com
Al Kau
Investor Relations in California
(888) 795-3166
rpdi (.005) RAPID FITNESS, INC. Announces It Has Signed an LOI Acquisition With BIG INTERNATIONAL GROUP OF ENTERTAINMENT, INC. and Licensing Agreement
Friday, December 21 2007 7:59 AM, EST Market Wire "US Press Releases "
FT. LAUDERDALE, FL -- (MARKET WIRE) -- 12/21/07 -- RAPID FITNESS, INC. (PINKSHEETS: RPDI), a publicly traded company currently on the Over the Counter, announces we have signed an acquisition Letter of Intent for our production division and licensing agreement for the animated characters from its feature film, "The Way of the Unicorn, the Endangered Ones." Today we announce aggressive plans to drive BIG INTERNATIONAL GROUP OF ENTERTAINMENT, INC. forward once agreement is completed. BIG INTERNATIONAL GROUP OF ENTERTAINMENT, INC. is an entertainment entity that was formed to act as a holding company for five other entertainment-based corporations that will also be joining the Rapid Fitness Production Division soon after. Big Entertainment created a multimedia organization to produce a fully diversified media link to music, animation and marketing to compete in the global marketplace.
The acquisition of BIG INTERNATIONAL GROUP OF ENTERTAINMENT, INC. is a significant part of the company's business plan that will allow them to secure a competitive advantage in the entertainment industry. The Network was designed specifically as a support entity to enhance the television, animation and publishing companies. The Big Network intends to utilize the Internet to market, and in some cases, deliver BIG INTERNATIONAL GROUP OF ENTERTAINMENT, INC. children's books, music publications, new artists on the record label and direct individuals to their themed destinations.
The Big Network's main responsibility is to tie all the products and services of the entertainment entities together, all in one location. "It is our plan to create a tight linkage of all our entertainment entities and make them easily accessible to our target market."
See Site: http://www.bigentgroup.com
Safe Harbor Provision
This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rapid Fitness, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
Contact:
Anthony Mellone
954-625-2720
amellone@rapidfitness.com
gnto (2.0) Gentor closes private placement for $2.5 million
Friday, December 21 2007 7:58 AM, EST PR Newswire "US Press Releases "
WHITEHALL, MT, Dec. 21 /PRNewswire-FirstCall/ - GENTOR RESOURCES INC. ("Gentor" or the "Company") (OTCBB - "GNTO") is pleased to announce that it has concluded the private sale of 2,500,000 shares of its common stock (the "Purchase Shares") at a purchase price of US$1.00 per share for an aggregate purchase price of US$2,500,000.00 . The Purchase Shares were offered and sold by the Company pursuant to an exemption provided by Regulation S under the Securities Act of 1933, as amended (the "Act"). Accordingly, resales of the Purchase Shares are subject to the applicable provisions of the Act.
The proceeds from the sale of the Purchase Shares will be used to enable the Company to continue its drilling program at its IMA Mine molybdenum-tungsten project near Salmon, Idaho and for general corporate purposes. Two drills are currently operating on the property.
Gentor Resources Inc is a US-based mineral exploration and development company whose projects include the IMA Mine molybdenum-tungsten property in Idaho and the prospective Delmoe Lake gold project in Montana . The Company's strategy is to create shareholder value by acquiring and developing highly prospective mineral properties in the United States and internationally.
This news release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "understands", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.
SOURCE Gentor Resources Inc.
srry (.21) Sancon Expands Further in China, Adding a Fifth Plant
Friday, December 21 2007 7:58 AM, EST Business Wire "US Press Releases "
SHANGHAI, China --(BUSINESS WIRE)--
Sancon Resources Recovery Inc. (OTCBB:SRRY) a growing environmental services company with operations in China and Australia , announced its China subsidiary Sancon Shanghai has added a new recycling plant in the Chinese city of Nanjing. Nanjing is the capital city of Jiangsu province, which boasts over 75 million in population and ranks third in GDP in all of China . Nanjing is also a vital industrial and logistic hub in the Yangtze River Delta economic region, including the province of Jiangsu, Zhejiang, and Shanghai . The Nanjing plant is Sancon's fifth recycling facility deployed in China , providing services to clients' needs in 14 neighboring cities. The facility includes a fleet of vehicles and recycling capability catered for post consumer waste management services.
"Sancon is executing its business as planned in China . Companies producing considerable manufacturing wastes and post consumer wastes often require national wide service coverage in handling their wastes. This new plant will significantly improve our ability to build our existing network and reach. As such, Sancon's service coverage and standards are now unmatched in China ," commented CEO of Sancon, Mr. Jack Chen. "China's environmental service industry is still at its infancy stage. Sancon is highly encouraged by the Chinese government policies and increased efforts to address the environmental issues as a result of its rapid industrial growth in the past 20 years."
Since late 2006, Sancon has increased its growth focus in China . Sancon has since secured a five years multi-million dollar waste management contract in China with a leading international consumer company to process its post consumer wastes nationwide. Sancon was granted a waste management license by the Chinese government in early 2007 and is fully ISO 9001 and ISO14001 certified. Sancon currently employs over 100 employees and deploys over 40 vehicles in China .
About Sancon Resources Recovery Inc
Sancon Resources Recovery Inc. (OTCBB:SRRY) is an environmental service and waste management company that operates recycling facilities in China and Australia . Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The recycled materials are purchased by Sancon's manufacturing customers in China to make a wide variety of new products including outdoor furniture, construction materials, building materials, road surface, and various new products. Sancon's China operation is licensed by the Chinese government for waste management services, and is certified with ISO 9001 and ISO14001 standards. For more information please visit: www.sanconinc.com
Forward-looking statements:
The statements made in this press release, which are not historical facts, may contain certain forward-looking statements 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.
Source: Sancon Resources Recovery Inc.
evtn (.53) Enviro Voraxial Technology Completes Offering, Discusses 2007 Year in Review and 2008
Friday, December 21 2007 7:57 AM, EST PR Newswire "US Press Releases "
FORT LAUDERDALE, Fla ., Dec. 21 /PRNewswire-FirstCall/ -- Enviro Voraxial Technology, Inc. (OTCBB: EVTN - News) announces today that the Company completed its Private Placement and received commitments for additional funding in 2008. Five accredited investors participated in the Offering, including a Water Investment Fund that is ranked among "the best performing water funds globally" this year. The terms of the Offering were restricted common shares at a value of $0.60 per share. The Water Investment Fund participated in a previous Offering.
Year in Review
OVERVIEW:
EVTN management sincerely appreciates the support of its loyal shareholders. This loyalty has been driven by a shared vision of the significant advantages that our Voraxial(R) Separator technology can deliver to many global market applications. EVTN focused most of its current marketing efforts toward companies involved in the oil exploration & production industry, including both offshore and onshore, deckwater drainage, refining, and environmentally driven oil/water and oil/water/solids separation. These markets are large and are dominated by some of the world's largest and most profitable corporations. EVTN has established direct relationships with many of these companies because of the economic value the "Voraxial(R) Separator" offers.
CURRENT STATUS:
In the past several years, we concentrated our marketing efforts toward the oil industry by attending trade shows and conferences, marketing in trade journals, and attracting representatives to promote the Voraxial. Since we are a small company with a new technology, it was difficult to get our first deployment in the oil industry. However, since then, we have seen an increase in inquiries, project opportunities and sales. This increase allowed us to develop relationships with oil and service companies interested in either using or promoting the Voraxial. In the past 2 years, we deployed Voraxials for trials with several oil companies and began selling product to the industry. In August, we installed a Voraxial Deckwater Drainage System on an oil rig to perform oil/water separation.
Successful performances in several prior installations with high profile customers resulted in ongoing requests for quotations and proposals regarding the application of the Voraxial(R). Many of these applications represent a significant global market potential for EVTN.
For instance, EVTN delivered a Voraxial System to a major oil company months ago that is scheduled for deployment in the first quarter 2008. This company has over 100 similar facilities and their adoption of the Voraxial(R) Separator system could potentially open the door to a huge market in their sector and beyond.
As awareness of the Voraxial benefits increase, we expect a multiplying effect on project opportunities, and ultimately sales. Based on the interest received from potential customers, we are building inventory for anticipated projects in the first half of 2008.
UPGRADES
In the past year EVTN made some upgrades to the Voraxial Separator that increases the "g" force generated by approximately 300%. This increase significantly improves separation performance. These upgrades also increase the flow rate through the Voraxial while decreasing energy and maintenance requirements. The first shipment of the upgraded unit occurred in Quarter IV, 2007 and additional units are being manufactured and prepared for shipment to potential customers for delivery in 2008. These units are manufactured for both oil/water and liquid/solid separation.
EVTN increased its product offering by building turnkey oil/water, liquid/solid, liquid/liquid/solid separation skids that are centered around its Voraxial Separator. The turnkey system can be utilized in multiple niche applications in the oil industry including produced water, under-balanced drilling (UBD), deck water drainage, slopwater, FPSO and refinery markets.
The Voraxial skid provides the oil industry with a compact and effective separation system. The Voraxial's small footprint, low energy requirements and separation quality coupled with TwinFilters unique filtration equipment for secondary treatment provides customers with a complete turn-key package that meets the most stringent discharge levels such as OSPAR (North Sea countries <30mg/ltr) and United States 40 CFR435 (<29 mg/ltr). Interest in the turnkey skid has increased and we anticipate shipping a few of these skids in the first half of 2008.
RELATIONSHIPS:
The benefits and market potential of the Voraxial(R) Separator presents EVTN with a number of opportunities to develop business relationships with major service corporations. This strategy of supplementing EVTN's direct marketing efforts with effective alliances with larger, established service companies should allow EVTN a faster and more efficient path to market penetration.
In April of 2007 EVTN entered into a non-exclusive sales and marketing agreement with TwinFilter (www.twinfilter.com), a leading filtration company serving the oil and gas industry. TwinFilter is headquartered in the Netherlands and services prestigious oil industry clients on a global basis. Under the terms of the agreement, EVTN and TwinFilter agree to market and promote each others technologies. In addition, EVTN and TwinFilter are collaborating to build and promote the Voraxial Skid that incorporates EVTN's Voraxial Separator and TwinFilter's absorption systems, coalescing, other filter technology. This relationship led to additional inquiries from the oil industry and discussions to ship products to potential customers in 2008.
FINANCIAL:
EVTN completed its 2007 Private Placement. A participant in the 2006 and 2007 Private Placement is a Water Investment Fund that has made verbal commitments to provide additional funding in Quarter I, 2008. Management believes our financial requirements for the next 12 months will be met. The funds from the 2007 Offering were primarily used for sales & marketing, working capital and inventory. EVTN is currently building additional inventory for the anticipated purchase orders in 2008.
Additional funds may be utilized as follows: add personnel to manage increasing requirements from existing and new customers, build additional units for inventory to increase our response time to delivery requirements, working capital, and sales and marketing. EVTN is also researching the viability of establishing a marketing presence in Houston , possibly through acquisition. Houston is a major international hub for EVTN's existing and potential oil industry customers.
CONCLUSION:
Management is excited at the possibilities that are ahead of us. In the past 2 years, we increased awareness and witnessed a rising acceptance of the Voraxial Separator as a solution to the oil industry separation processes. This resulted in more revenue producing opportunities. We are developing relationships with both customers and service companies that will continue to present EVTN with project opportunities. We believe that these opportunities will continue to increase and we will begin to see a noticeable increase in our revenues and clientele list in 2008. We are budgeting to deploy the inventory we are currently building by the 1st half of 2008. The deployments may include applications for produced water, tar sands, FPSO, and refineries.
We have been able to reach this point without significantly diluting the capital structure or incurring any debt outside of normal business operations. The last funding was completed at $0.60 per share. This was near the market price which illustrates the investor's opinion that the opportunities are significant and the market price may not be indicative of the current valuation.
We are encouraged about our prospects and believe that the foundation laid out over the past 2 years will begin to be reflected in our 2008 revenues. We look forward to providing our shareholders with a strong year.
Thank you again for your continued support.
Sincerely,
Alberto DiBella
President
Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial(R) Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Enviro Voraxial(R) Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial(R) Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial(R) and its subsidiaries to differ materially from those indicated by such forward-looking statements.
SOURCE Enviro Voraxial Technology, Inc.
cszm (3.2) China Shen Zhou Mining & Resources Announces Initial Completion of Acquisition of Large-scale Gold and Copper Mine Located in Kyrgyz Republic
Friday, December 21 2007 7:28 AM, EST PR Newswire "US Press Releases "
BEIJING , Dec. 21 /Xinhua-PRNewswire-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (OTC Bulletin Board: CSZM), a leading company in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the PRC, today announced it has initially completed its acquisition of a large-scale gold and copper mine located in Kyrgyz Republic. The Company anticipates to consolidate the newly- acquired assets in its 10-K Annual Report for 2007.
On November 26, 2007 , the Company, through its subsidiary, the Inner Mongolia Xiangzhen Mining Group Co Ltd. ("Xiangzhen Mining"), completed its acquisition of the 100% ownership rights of Tun Lin Limited Liability Company ("Tun Lin"), a Kyrgyz company, from Tun Lin's original shareholders, with receipt of the approval from the authority of the Kyrgyz Republic and the issuance of a share registration certificate which confers the lawful ownership of Tun Lin to Xiangzhen Mining. The consideration for the acquisition of Tun Lin is US$10 million .
Tun Lin has a wholly owned Kyrgyz subsidiary, Kichi-Chaarat Closed Joint Stock Company ("Kichi-Chaarat"). Upon completion of the acquisition of Tun Lin, the Company indirectly owns 100% of Kichi-Chaarat whose major assets include: a license on usage of subsoil for the purpose of geological exploration of precious metal and stones within 39,500 hectares of the Kuru- Tegerek area, and a licensing agreement and license on usage of subsoil for the purpose of mining precious metal and stones in the land of "Kuru-Tegerek" deposit, within an area of 9 square kilometers (900 hectares).
Jessica Yu, CEO for China Shen Zhou Mining & Resources commented, ''We are very pleased to complete the acquisition of this large-scale gold and copper mine on time in Q4 2007. As proved by SRK Consulting's authoritative evaluation report, the nonferrous reserves in Kyrgyzstan are extremely plentiful and valuable and will support the Company's development, improve its profitability as well as strengthen the Company's resources reserves in the longer term. After consolidating the new subsidiary with the Company, we are committed to maximizing shareholders' value and positioning the Company well for long-lasting development.
The Company also announced it is in search of a qualified and renowned Investor Relations Firm, which is expected to be confirmed in the next few weeks. The Company seeks to enhance its communications with investors, maintain open dialogue and credibility, boost its reputation and broaden interest and awareness of its investment story in the capital market.
About The Kuru-Tegerek Cu-Au Skarn Deposit and Exploration Area
The Kuru-Tegerek deposit is located in Chatkal region of the province of Jalal-Abad in the western part of the Kyrgyz Republic. It occupies a southern slope of the Chandalash range, which is part of the Talas Altai mountains between the Chakmakus River and the Kuru-Tegerek River.
The area where the Kuru-Tegerek copper-gold deposit is sited is one of most geologically prospective regions of Kyrgyzstan . The region already hosts numerous deposits including primary hard rock and secondary placer deposits. The gold placer deposits occupy valleys of western tributaries of the Chatkal RRiver and the primary deposits of copper, molybdenum and gold are found on the slopes of arms of the Chandalash mountain range. To date about 200 deposits, mineralized zones and mineral occurrences have been inventoried in this region.
The Kuru-Tegerek copper-gold deposit was a subject of multistage and long term exploration activities which resulted in detailed geological mapping and geochemical and geophysical surveys, drillings and underground mining works. During the period from 1975 to 1980 pre feasibility studies were conducted over the deposit area which included 38,191m of diamond core drillings and 18,590 underground workings. These works are described in detail in the appropriate reports. As a result of all exploration works, the resources of ores and contents of metals were estimated according to the regulation of the former Soviet Union governmental authorities.
Kichi Chaarat CJSC Company currently hold two licences: a mining licence covering 9km2 over the Kuru-Tegerek deposit and an exploration licence covering 39,500 hectares (h) of the area of the eastern slope of the Sandal mountain range which includes the Kuru-Tegerek mountain.
The Kuru-Tegerek Copper-Gold (Cu-Au) deposit includes 172.7 million tonnes (Mt) (C1+C2) with a contained metal content of 97.36t for gold and 1.02Mt for copper. The Molybdenite ore body in Kuru-Tegerek also contains resources (C2) of molybdenum and rhenium which contain 4,883t of Molybdenum (Mo) and 2,328 kilograms (kg) of Rhenium (Re).
If the mine is selectively mined at a higher cut off grade, the underlying resources would have a much higher grade without losing significant amount of metal concentrate.
About China Shen Zhou Mining & Resources, Inc.
China Shen Zhou Mining & Resources, Inc. conducts all of its business through its subsidiary, American Federal Mining Group ("AFMG"), which, in turn, conducts its business through its Subsidiaries. The principal business of AFMG is the exploration, development, mining, and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the PRC. AFMG has its principal areas of interest in the PRC: (a) fluorite exploration and extraction in the Sumochaganaobao region of Inner Mongolia Autonomous Region; and (b) zinc/copper exploration, mining and processing in Xinjiang Uygur Autonomous Region; and (c) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia Autonomous Region
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China , variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
SOURCE China Shen Zhou Mining & Resources, Inc.
skyt (5.85) SkyTerra, Mobile Satellite Ventures and Inmarsat Sign Spectrum Coordination and Cooperation Agreement
Friday, December 21 2007 7:15 AM, EST Business Wire "US Press Releases "
RESTON, Va. & LONDON & OTTAWA --(BUSINESS WIRE)--
SkyTerra Communications, Inc. (OTCBB : SKYT), Inmarsat plc (LES : ISAT), Mobile Satellite Ventures (MSV) and Mobile Satellite Ventures (Canada) Inc. (MSV Canada) announced today that the companies have reached a comprehensive cooperative agreement for L-Band operations in North America . The agreement is intended to enable the re-banding and efficient reuse of a substantial segment of North American L-Band radio spectrum for the benefit of the companies and their current and future customers and partners.
The agreement encompasses a wide scope of activities including business, technology, regulatory and spectrum coordination issues.
Highlights of the agreement include:
-- Provisions for the re-banding of the parties' spectrum over
North America to afford contiguous spectrum for operations.
This is intended to address growing broadband requirements for
enabling future hybrid mobile satellite services (MSS) and
ancillary terrestrial component (ATC) services.
-- Coordination parameters for the parties' next generation
satellites covering North America , both the new Inmarsat-4s
and the new MSV1 and MSV2 satellites, in a manner designed to
increase spectrum efficiency and protect both MSS and ATC
operations from harmful interference.
-- Resolution between the parties of outstanding regulatory
issues in the United States and Canada , concerning each
other's operations.
-- Accommodating increased technical flexibility and system
enhancements that result in greater ATC usage and operations
while protecting MSS.
-- Flexibility to market and operate devices which address
growing wireless broadband demands while providing a
next-generation satellite capability.
In addition, the agreement also establishes a structure by which Inmarsat will modify its North American operations in a manner that will enable MSV to make more extensive use of L-Band spectrum available for MSS/ATC than is possible today.
"This agreement introduces a new era of cooperation among L-Band operators and, we believe, will help unlock the growing value of ATC technology on our now enhanced spectrum, enabling customers throughout North America to reap the benefits from greater flexibility and choices in air interface technology, coverage and equipment options," said Alexander Good, CEO and President of SkyTerra and Vice Chairman and CEO of Mobile Satellite Ventures LP . "We have worked long and hard with Inmarsat to develop this agreement, which sets operational parameters in the L-band for existing satellite operations and lays the groundwork for future cooperation to address consumers' demand for next generation technology and services."
"Inmarsat's agreement with MSV, MSV Canada and SkyTerra lays the groundwork for increased operational and technical cooperation while ensuring that Inmarsat can continue to grow and deploy mobile satellite services in North America , including BGAN services and our portfolio of existing and evolved offerings," said Andrew Sukawaty, Chairman and CEO of Inmarsat.
All of the above provisions are subject to applicable regulatory approvals. Additional details regarding the agreement, including financial terms between the parties, can be found in SkyTerra's 8-K that has been filed with the SEC. The 8-K is available on the EDGAR system and is posted to the financial information section of the SkyTerra Web site--www.skyterra.com.
About Mobile Satellite Ventures and SkyTerra Communications, Inc.
MSV has been delivering mobile wireless voice and data services primarily for public safety, security, fleet management and asset tracking in the U.S. and Canada using MSV Canada's MSAT-1 and MSV's MSAT-2 satellites for over 10 years. MSV is developing a hybrid satellite-terrestrial communications network in North America , based on MSV's patented ancillary terrestrial component (ATC) technology. MSV is a joint venture between Mobile Satellite Ventures LP and Mobile Satellite Ventures (Canada) Inc. MSVLP is majority owned and controlled by SkyTerra Communications, Inc. (OTCBB:SKYT). More information can be found at www.msvlp.com.
About Inmarsat plc
Inmarsat plc (LSE:ISAT) is the leading provider of global mobile satellite communications. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. The company's services are delivered through a global network of more than 500 distribution partners and service providers operating in 180 countries. For the year ended 31 December 2006 , Inmarsat plc had total revenue of US$500.1 million . More information can be found at www.inmarsat.com.
Statement under the Private Securities Litigation Reform Act
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to plans described in this news release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words. Such forward-looking statements are subject to uncertainties relating to the ability of SkyTerra and MSV to raise additional capital or consummate a strategic transaction or deploy the next generation system, as well as the ability of SkyTerra and MSV to execute their business plan. We assume no obligation to update or supplement such forward-looking statements.
Source: SkyTerra Communications, Inc.
sphry (3.2) FDA Warning for N-9 - an Opportunity for VivaGel(R)
Friday, December 21 2007 6:59 AM, EST PR Newswire "US Press Releases "
MELBOURNE, Australia , Dec. 21 /PRNewswire-FirstCall/ -- Starpharma Holdings Limited (ASX:SPL, OTC: SPHRY), developer of VivaGel(R) vaginal microbicide today welcomed a decision by the US FDA this week requiring makers of products containing nonoxynol 9 (N9) to carry a warning that the products do not protect against sexually transmitted diseases, including HIV/AIDS and that the use of N-9 products is associated with an increased risk of HIV.
Starpharma's VivaGel(R) is a vaginal gel, being developed to protect women from HIV and HSV-2 (genital herpes) during sex. VivaGel(R) does not use N9. VivaGel(R) is currently in mid-stage clinical trials in the US and Kenya to add to its portfolio of safety data before embarking on population-based efficacy testing.
In the December 18 FDA release they noted:
"FDA is issuing this final rule to correct misconceptions that the chemical N9 in these widely available stand-alone contraceptive products protects against sexually transmitted diseases, including HIV infection," said Janet Woodcock, M.D., FDA's deputy commissioner for scientific and medical programs, chief medical officer, and acting director of the Center for Drug Evaluation and Research (CDER).
"Clinical research has shown that N9 provides no protection against sexually transmitted diseases to the woman if her sexual partner is infected with an STD pathogen or HIV."
In addition, FDA is requiring that the labels warn consumers that the chemical N9 in stand-alone vaginal contraceptives and spermicides can irritate the vagina and rectum, which may increase the risk of contracting HIV/AIDS from an infected partner.
"Starpharma welcomes this clear statement from the FDA," commented Jackie Fairley, Starpharma's CEO. "We feel that this emphasizes the urgent need for products such as VivaGel(R) to assist individuals protect themselves from infection with these serious diseases. Starpharma is intent on developing VivaGel(R), both as a stand-alone gel and, through our co-development agreement with SSL International plc , as a condom coating ("Starpharma and Durex sign co-development agreement for VivaGel(R)-coated condoms" Starpharma, 16 October 2007 )" (see: http://www.starpharma.com/news-room.asp).
VivaGel(R) has fast track status for development for HIV from the FDA, and has received in excess of $26m funding support from the US National Institutes of Health (NIH) for its development for both HIV and HSV-2. VivaGel(R) is being developed as a potential coating on condoms and as a stand alone product to protect against the contraction of sexually transmitted infections. It has also been shown to have a contraceptive affect in animal trials.
The FDA's summary article can be found here:
http://www.fda.gov/bbs/topics/NEWS/2007/NEW01758.html
The full report by the FDA can be found here:
http://www.fda.gov/OHRMS/DOCKETS/98fr/07-6111.htm
About Starpharma
Starpharma Holdings Limited (ASX:SPL, OTCQX:SPHRY) is a world leader in the development of dendrimer nanotechnology for pharmaceutical, life-science and other applications. SPL is principally composed of two operating companies, Starpharma Pty Ltd in Melbourne, Australia and Dendritic Nanotechnologies, Inc in Michigan, USA . Products based on SPL's dendrimer technology are already on the market in the form of diagnostic elements and laboratory reagents.
The Company's lead pharmaceutical development product is VivaGel(R) (SPL7013 Gel), a vaginal microbicide designed to prevent the transmission of STIs, including HIV and genital herpes.
For further information:
Media
Rebecca Wilson
Buchan Consulting
Tel: +61 2 9237 2800
Mob: +61 417 382 391
rwilson@bcg.com.au
Ellie Papathanasiou
Buchan Consulting
Tel: +61 2 9237 2800
epapathanasiou@bcg.com.au
Starpharma
www.starpharma.com
Dr Jackie Fairley
Chief Executive Officer
+61 3 8532 2704
Ben Rogers
Company Secretary
+61 3 8532 2702
ben.rogers@starpharma.com
SOURCE Starpharma
wwng (.012) WW Energy Signs Letter of Intent (LOI) For 3 Texas Located Wells
Friday, December 21 2007 6:58 AM, EST Business Wire "US Press Releases "
FARMINGTON, N.M.--(BUSINESS WIRE)--
WW Energy Inc. (Pink Sheets:WWNG) -- a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets -- announced that the Company has signed a Letter of Intent for the reworking of 3 wells located in Borden County and Snyder, Texas . The Borden County well was drilled to a depth of 4525 - 4600 feet with an initial rate of 65 bbls per day. WW Energy also has a well located in Snyder, Texas that the Company expects to drill on. The LOI also includes an additional well that has been permitted for disposal. The Texas located wells were shut in, in the early 1990s. WW Energy intends to begin reworking wells 1 and 2 in the Snyder located area. The Snyder properties represented one of the largest oil booms dating back to the 1940s and 1950s. Currently, the price of crude oil is approximately $90 per barrel. Management will report on the progress of the LOI as information becomes available.
WW Energy Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas-related assets.
WW Trucking Inc. , formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah , Colorado , New Mexico and Arizona (The Four Corners Area). Their existing business operations are in transporting production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
Forward-looking statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Source: WW Energy Inc.
tmmi (.021) TMMI Announces Completion of Deal to Acquire TruDef Fractal Video Codec Enhancements
Friday, December 21 2007 6:28 AM, EST Market Wire "US Press Releases "
CALABASAS, CA -- (MARKET WIRE) -- 12/21/07 -- TMM Inc. (PINKSHEETS: TMMI) announced today that it has completed negotiations with Tom Simpson and the principals of Digital Focus Inc. , and their company doing business as TruDef Industries, to acquire all of their rights to enhancement work done of the TMMI fractal video codec developed in the 1990s.
The codec had been modified to successfully compress digital video solving issues that previously prevented fractal compression to work in full motion video.
The company announces it has received the enhanced version of the codec and are working on preliminary testing and product development of the next generation TruDef codec, details of which will be announced in the near future.
Fractal compression offers superior image quality than pixel-based compression since images are mathematically encoded, no pixels are saved. Video compressed in TruDef is resolution independent and can be expanded to larger sizes without image degradation inherent with pixel-based compression.
Company President Mike Fernandez stated: "I am happy to have finally completed the arrangements to acquire the enhancement work done on the TMMI fractal video codec. We believe there is a vast market for products that can reduce the file size of high definition video without reducing its quality. After all of these years we are looking forward to showing some examples of the capability of the enhanced fractal compression technology and the features and functionality that it can bring to the emerging market for high definition video."
Tom Simpson stated: "We are all happy to be working again with TMMI to bring a new generation of high definition compression products to the company. The market is searching for tools that can handle the data created by today's new high definition video cameras. We have for years seen the fractal-based product as the best solution to the file size demands of high definition video and the practical constraints of storage of raw high definition video; unfortunately computing power limited the ability of the codec to competitively perform in the video compression market of the 1990s. The new TruDef product can offer quality virtually undetectable from raw with substantial savings of file size."
Disclaimer: This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise
Contact:
Mike Fernandez
TMM Inc.
Suite 200 8350 Wilshire Boulevard
Beverly Hills, California 90211
Tel: 323-556-0819
mail: info@tmmi.us
http://www.tmmi.us
LXRX (3.11) Lexicon Files Investigational New Drug Application for LX1032 as a Potential Treatment for Carcinoid Syndrome
Friday, December 21 2007 6:28 AM, EST PR Newswire "US Press Releases "
THE WOODLANDS, Texas , Dec. 21 /PRNewswire-FirstCall/ -- Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) announced today that it has submitted an investigational new drug (IND) application to the U.S. Food and Drug Administration (FDA) for LX1032, an oral drug candidate for managing gastrointestinal symptoms associated with carcinoid syndrome. The initial Phase 1 clinical trial of LX1032 is planned as a double-blind, randomized, placebo-controlled, ascending single-dose study in healthy volunteers. This study is designed to evaluate the safety, tolerability, and pharmacokinetics of LX1032. Lexicon expects to initiate clinical trials with LX1032 following FDA review.
"We believe LX1032 has the potential to be an important new therapy in an area of high unmet medical need," said Philip M. Brown, M.D., J.D., vice president of clinical development at Lexicon. "LX1032 may offer important benefits to patients with carcinoid syndrome, who have very limited treatment options."
Carcinoid syndrome is the result of metastatic carcinoid tumors that usually originate from enterochromaffin cells in the lining of the gastrointestinal tract. These tumors secrete large amounts of serotonin, which causes a variety of symptoms that often includes severe diarrhea and abdominal discomfort. Carcinoid tumors are a type of neuroendocrine tumor and, according to the American Cancer Society , about 11,000 to 12,000 neuroendocrine tumors and neuroendocrine cancers are diagnosed each year in the United States . About 10% of people with carcinoid tumors will develop carcinoid syndrome.
The target for LX1032 was identified through the Genome5000(TM) project, Lexicon's program to identify the function of 5,000 druggable genes in the human genome. LX1032 was developed at Lexicon as a potent inhibitor of tryptophan hydroxylase (TPH), a rate-limiting enzyme in the synthesis of serotonin. In preclinical studies, LX1032 was able to reduce peripheral serotonin in several different species without affecting serotonin levels in the brain. LX1032 is Lexicon's second compound to target TPH and, unlike LX1031, which acts locally within the gastrointestinal tract, was designed to act systemically.
LX1032 is being developed in a product development collaboration with Symphony Capital Partners, L.P. and its co-investors.
About Lexicon
Lexicon is a biopharmaceutical company focused on the discovery and development of breakthrough treatments for human disease. Lexicon currently has development programs underway for such areas of major unmet medical need as irritable bowel syndrome, cognitive disorders, and autoimmune diseases. The company has used its proprietary gene knockout technology to discover more than 100 promising drug targets and create an extensive pipeline of clinical and preclinical programs in the therapeutic areas of diabetes and obesity, cardiovascular disease, psychiatric and neurological disorders, cancer, immune system disorders and ophthalmic disease. To advance the development and commercialization of its programs, Lexicon is working both independently and through collaborators including Bristol-Myers Squibb Company , Genentech, Inc. and N.V. Organon. For additional information about Lexicon and its programs, please visit http://www.lexpharma.com.
Safe Harbor Statement
This press release contains "forward-looking statements," including statements relating to Lexicon's clinical development of LX1032 and the potential therapeutic and commercial potential of LX1032. This press release also contains forward-looking statements relating to Lexicon's growth and future operating results, discovery and development of products, strategic alliances and intellectual property, as well as other matters that are not historical facts or information. All forward-looking statements are based on management's current assumptions and expectations and involve risks, uncertainties and other important factors, specifically including those relating to Lexicon's ability to successfully conduct clinical development of LX1032 and preclinical and clinical development of its other potential drug candidates, advance additional candidates into preclinical and clinical development, obtain necessary regulatory approvals, achieve its operational objectives, obtain patent protection for its discoveries and establish strategic alliances, as well as additional factors relating to manufacturing, intellectual property rights, and the therapeutic or commercial value of its drug candidates, that may cause Lexicon's actual results to be materially different from any future results expressed or implied by such forward-looking statements. Information identifying such important factors is contained under "Factors Affecting Forward-Looking Statements" and "Risk Factors" in Lexicon's annual report on Form 10-K for the year ended December 31, 2006 , as filed with the Securities and Exchange Commission . Lexicon undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Lexicon Pharmaceuticals, Inc.
excs (.009) Execute Sports Receives Orders For Its Sugar Sand Jet Boats From Russian Dealer
Friday, December 21 2007 5:58 AM, EST PrimeNewswire "PrimeNewswire "
TORRANCE, Calif., Dec. 21, 2007 (PRIME NEWSWIRE) -- Execute Sports Inc. ("Execute") (OTCBB:EXCS), a company engaged in the design, manufacturing and sale of water sports products, today announced that it has initiated a dealer relationship in Moscow, Russia with an initial order of 10 Sugar Sand boats. This recent booking follows orders received for 114 boats or $2.4 million from dealers that attended a dealer meeting sponsored by Execute's marketing agent, Challenger Powerboats Inc.
The new dealer relationship in Moscow, Russia was arranged by Challenger's international boat distributor that has relationships with over 140 dealers worldwide, particularly in Europe , Central America , the Far East and Middle East . Commenting on the latest orders, Geno Apicella, Execute's CEO, said, "The competition in the water-jet powered boat market is limited to a only a few participants. The market for these boats is building as consumers become increasingly aware of their lower cost of maintenance." Mr. Apicella added, "Annual boat show season begins in January and there are several dealers around the country displaying the Sugar Sand line of boats at these shows. We are confident the sales backlog for Sugar Sand boats will continue build as the boat show season progresses."
Sugar Sand boats are powered by Mercury's Sport Jet that give its boats the most torque and pulling power for water skiing and joy riding. Because they are water-jet powered, they are more fuel efficiently and, unlike outboard boats, they can ride in shallow water. Sugar Sand boats are built by North Dakota's largest boat manufacture, located in Fargo.
About Execute Sports, Inc.
Based in Torrance, California , Execute Sports, Inc. design, develops, and manufactures of water sports products including wetsuits, vests, and rash guards for the action sports industry and water-jet powered boats. The Company's brands include Execute Wetsuits, Vests, Accessories and Wakeskates for action sports and Sugar Sand water-jet boats. For more information, go to http://www.executesports.com and www.sugarsand.com. Execute branded products can be found online at retailers such as The Sports Authority, Dick's, Sport Chalet and Amazon.com. For a full listing of online retailers, please visit the company website at http://www.executesports.com.
Additional company information, press releases and general commentary can be viewed by visiting http://www.excs.msprofit.com.
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include expectations regarding the ability of the company to continue its growth and the financial performance thereafter. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include the ability to accomplish goals and strategies, anticipated revenue enhancements, general economic conditions and the level of consumer spending, and numerous other factors identified in the Company's Form 10-KSB and other filings with the Securities Exchange Commission .
CONTACT: Seacoast Advisors
Keith Reinhardt
(858) 509-9900 x13
IR@seacoastadvisors.com
esfs (.51) Eco-Safe Internal Share Transfer Audit Completed
Friday, December 21 2007 5:58 AM, EST Market Wire "US Press Releases "
LOS ANGELES, CA -- (MARKET WIRE) -- 12/21/07 -- Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce that its internal share transfer audit is completed.
Michael Elliot, President of Eco-Safe Systems USA, Inc. announced today the receipt of the final internal shareholder transfer audit, covering the period from the acquisition of the CF Green corporation in the summer of 2006 to the present.
Mr. Elliot was advised that the corporation is now in complete compliance with all state and federal securities regulations when certain notices to the Security Exchange Commission and to the California and Delaware Secretary of State were filed.
Although the audit concerned all stock issues since the acquisition of the CF Green corporation, all necessary SEC filings, referred to as Reg. D notices, were submitted during this month.
Mr. Elliot said that procedures are now in place which will result in the immediate filings of all notices and reports to maintain the current level of compliance.
Mr. Elliot noted that the great majority of the filings had to do with the shares issued last year when the CF Green corporation was acquired. The Reg. D filings concerning shares issued in the year 2007 account for only a small percentage of the transfers noticed this year.
The results of the audit will be submitted to Eco-Safe's CPA firm, Mendoza Berger for inclusion in the next certified audit.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Contact:
Eco-Safe Systems USA, Inc.
www.ecosafeusa.com
Michael Elliot
President
Email Contact
vral (.035)Viral Genetics Announces Licensing Deal With University of Colorado and V-Clip Pharmaceuticals, Inc.
Thursday, December 20 2007 3:37 PM, EST Market Wire "US Press Releases "
AZUSA, CA -- (MARKET WIRE) -- 12/20/07 -- Viral Genetics, Inc. (PINKSHEETS: VRAL), a biotechnology company that discovers and develops immune-based therapies for HIV and AIDS using its thymus nuclear protein ("TNP") compound, has entered into several agreements with the University of Colorado and V-Clip Pharmaceuticals, Inc. relating to the exclusive worldwide rights to patent applications and know-how developed by Dr. Karen Newell, PhD, of the University of Colorado at Colorado Springs in the fields of diagnosing and treating HIV/AIDS, Hepatitis C, and Herpes.
The rights have been acquired under an Exclusive License Agreement between the University of Colorado , Viral Genetics, and V-Clip Pharmaceuticals, Inc. V-Clip Pharmaceuticals was formed specifically for the acquisition of the license and its shareholders are Viral Genetics, University License Equity Holdings, Inc. (the University of Colorado's equity holding arm), Karen Newell, Evan Newell, PhD, Robert Berliner, and Dr. Robert Melamede. Following the successful completion of tests described below, Viral Genetics has the right to acquire V-Clip Pharmaceuticals in exchange for shares, options and warrants.
The licensed rights include several important patent applications that may explain the mechanism of action of the Company's TNP compound, including the reductions in HIV viral load observed in the Company's recent South African HIV/AIDS clinical trial.
The rights relate to modulating the immune system up or down, and to causing a process called apoptosis. This is accomplished using small protein fragments (called peptides) to displace other "bad" peptides that have been picked up by immune system cells. These so-called bad peptides sometimes result from the body's natural attempts to fight off viruses, bacteria, and various diseases, including HIV/AIDS. Apoptosis is the body's process of killing off harmful cells, and is believed to be an important factor in the control of a variety of illnesses.
A key area of Dr. Newell's research is based upon the idea that certain of these harmful peptides result in a harmful immune response that may not only hurt a person's ability to fight off an illness, but perhaps even cause certain autoimmune diseases. As a result, she developed a model for the types of chemical compounds that could displace these harmful peptides and allow the immune system to respond more beneficially. After preliminary analysis of TNP it is believed that it contains several peptides that fit the model's profile. Viral Genetics, V-Clip and Dr. Newell now plan to move forward with various studies of the TNP components to verify this.
To this end, Viral Genetics has agreed to complete these tests at an approximate cost of $600,000 . Viral Genetics intends to finance this testing itself, which would require private placement or other sales of Viral Genetics securities, or through grant funding from public and private sources. It is Viral Genetics' intention to acquire V-Clip upon successful completion of this testing.
"Upon completion, the proposed studies would provide the 'proof of principle' necessary to move forward with clinical trials in US. With this information we will be seeking an optimized and purified version of the current TNP compound to determine if it is capable of a stronger antiviral result while maintaining the low toxicity and side effect profile seen in Viral Genetics' prior studies. As importantly, the results of the proposed studies are expected to help identify a next and possibly improved generation of rationally designed biological therapies for HIV/AIDS," said Dr. Newell.
Dr. Newell is Associate Professor in the Department of Biology at the University of Colorado , Scientific Director of the CU Institute of Bioenergetics , the Clement and Margaret Markert Endowed Professor of Biology, Associate Director, Center for Computational Biology , and Adjunct Assistant Professor at Dartmouth Medical College . She has authored or co-authored several dozen peer-reviewed papers predominantly focused on immunology and cellular metabolism, and she has over 30 issued or pending patents.
"We look forward to the results of Dr. Newell's studies. These studies may shed important insight unto the mechanism of TNP and hopefully we will discover which peptides within TNP have the greatest anti-HIV effect. This would allow us to optimize the compound prior to the next round of clinical trials," said Dr. Eric Rosenberg, Associate Professor of Medicine at Harvard Medical School and Chairman of the Viral Genetics Scientific Advisory Board.
The Exclusive License Agreement includes various royalties and milestone payments that are payable to the University of Colorado upon certain events including sales of diagnostic or therapeutic products, certain FDA milestones, and other events. Viral Genetics has also agreed to various other performance milestones.
"Dr. Newell's basic scientific research and discoveries appear to compliment the over 10 years of human clinical experience we at Viral Genetics have. The acquisition of these rights holds significant promise to finally close the circle on our understanding of TNP including identifying exactly what it is and exactly how it works," said Haig Keledjian, President of Viral Genetics.
The Company is now working with the University of Colorado on completion of a Sponsored Research Agreement, which will outline a program of research to be performed by Dr. Newell at her lab.
In a 2005-2006 study, a reduction of HIV viral load was observed in a subset of patients after treatment with VGV-1 versus patients receiving placebo. As reported by Dr. Patrick Bouic in the Company's poster presentation at the 2006 XVI International AIDS Conference, VGV-1 treated subjects also demonstrated apparent beneficial immunological changes when compared with placebo.
The World Health Organization estimates approximately 40 million people are now living with HIV. Even with the available treatments for AIDS, there are large numbers of people that need alternative therapies and hope remains that progress will be made in discovering new therapies that bolster patients' immune systems.
About VGV-1
VGV-1 is a therapy based on thymus nuclear protein which is extracted from bovine thymus tissue. As a type of immune-based therapy, it focuses on boosting the immune system to allow the body to fight HIV more efficiently. Thymus nuclear protein technology has been studied in five human clinical trials for the treatment of HIV infection and AIDS.
About Viral Genetics
Viral Genetics, Inc. is a biotechnology company that discovers and develops immune-based therapies for HIV and AIDS using its thymus nuclear protein compound. This compound may have other potential applications for other infectious, autoimmune, and immunological deficiency diseases that the company intends to study in the future. Viral Genetics believes that VGV-1 represents a significant and unique approach to treating HIV due to the apparently novel mechanism, low toxicity profile, simple dosing regimen, and short-course of treatment. Online at www.viralgenetics.com
This news release contains forward-looking statements that involve risks and uncertainties associated with financial projections, budgets, milestone timelines, clinical development, regulatory approvals, and other risks described by Viral Genetics, Inc. from time to time in its periodic reports filed with the SEC. VGV-1 is not approved by the US Food and Drug Administration or by any comparable regulatory agencies elsewhere in the world. While Viral Genetics believes that the forward-looking statements and underlying assumptions contained therein are reasonable, any of the assumptions could be inaccurate, including, but not limited to, the ability of Viral Genetics to establish the efficacy of VGV-1 in the treatment of any disease or health condition, the development of studies and strategies leading to commercialization of VGV-1 in the United States , the obtaining of funding required to carry out the development plan, the completion of studies and tests on time or at all, and the successful outcome of such studies or tests. Therefore, there can be no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the forward-looking statements should not be regarded as a representation by Viral Genetics or any other person that the objectives and plans of Viral Genetics will be achieved.
For additional information, please contact:
Viral Genetics
626-334-5310
srlm (2.55) Sterling Mining Commences Production at the Sunshine Mine
Thursday, December 20 2007 3:33 PM, EST Market Wire "US Press Releases "
WALLACE, IDAHO -- (MARKET WIRE) -- 12/20/07 -- Sterling Mining Company (TSX: SMQ)(OTCBB: SRLM)( FRANKFURT : SMX) today announced that it has resumed initial production at the Sunshine Mine in Idaho, USA . This announcement caps off an extremely productive year for Sterling Mining Company which included becoming listed on Canada's senior exchange, the TSX; a successful fundraising of US$24.7 million ; and completion of Sunshine Mine's technical report compliant to Canada's National Instrument 43-101 (the "43-101 Report").
The 43-101 Report outlines a production forecast for 2008, amounting to 2.8 million ounces of silver with additional copper and lead credits, based on an average milling rate of 479 dry short tons per day for the year. Building on this startup mill throughput for 2008, Sterling anticipates a steady increase in production over the next three years until an average daily processing rate of 1,000 tons per day is achieved.
The first shipment of concentrate, which left the Mine site this morning for Teck Cominco's Trail British Columbia smelter, comes from processing of newly mined ores.
Also this week, Sunshine Mine has resumed mining activities on lower levels after a methodical and intense four-year process to rehabilitate, improve and re-commission the Mine after its closure by previous operators in 2001.
With renovation of the Silver Summit hoist and rehabilitation of the Silver Summit shaft to the 3000 foot level, Sunshine Mine's secondary escapeway system is now complete. Sterling crews are resuming mining activities from 2700 foot and 3100 foot level workplaces idled at closure. Ores from these levels, at closure, averaged 23.6 ounces of silver per ton. In addition to mining activities being resumed on the lower levels, crews are also processing material from Upper Country drifting and exploration.
Sterling's President Ray De Motte said, "The credit for this historical event goes to the men and women at the Sunshine Mine. Without their expertise, teamwork and relentless efforts this simply would not be possible. We are grateful to the community, employees, vendors, support of shareholders, investors and investment bankers TD Securities Inc. and Blackmont Capital Inc. , and look forward to achieving our goal of long-term sustainable production."
To commemorate achieving this major milestone, Sterling Mining has scheduled a ribbon-cutting ceremony and celebration for February 2008 , details for which will be announced in a subsequent press release.
Sterling Mining Company will provide updates on production and development activities going forward.
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, which began initial production in December 2007 , and related exploration lands in the prolific Silver Valley of northern Idaho . The Company also holds several silver properties in Mexico , including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol SLRM, and also on the Frankfurt Stock Exchange under the trading symbol "SMX".
To receive Sterling news via email, please email sarah@chfir.com and specify "SMQ news" in the subject line.
Mr. Derek Rance P.Eng, of Behre Dolbear & Company, Inc. , qualified person under NI-43-101, supervised the preparation of the technical information contained in this press release. Mr. Rance is independent of the Company. For complete and additional information regarding the technical aspects discussed in this press release, including disclosure with respect to assumptions and parameters regarding the future production estimates discussed herein, the reader is referred to Sterling's technical report with respect to the Sunshine Mine, available at www.sedar.com.
Cautionary Language and Forward Looking Statements
Certain statements contained in this news release and subsequent oral statements made by and on behalf of the Company may contain forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation. Such forward-looking statements are identified by words such as "intends", "forecast", "anticipates", "believes", "expects", and "hopes" and include, without limitation, statements regarding the Company's plan of business operations and future production. Such forward looking information is based entirely on management's estimates based on information available at the time of this news release. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, the uncertainties involved in interpreting drilling results and those set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2006 filed with the U.S. Securities and Exchange Commission ("SEC") and other filings made from time to time by the Company with the SEC and Canadian securities regulators. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking statements. Except as otherwise required by applicable securities statutes or regulation, the Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission , including its annual report on Form 10-K for the year ended December 31, 2006 and subsequent 10-Q and 8-K filings.
Contacts:
Sterling Mining Company
Raymond De Motte
President
(208) 699-6097
Sterling Mining Company
Monique Hayes
Marketing/Communications
(208) 699-6097
Website: www.SterlingMining.com
CHF Investor Relations
Alison Tullis
Account Manager
(416) 868-1079 x233
Email: alison@chfir.com
Website: www.chfir.com
cbva (.88) BioGold Fuels Plans Entry Into Joint Venture to Build Plants in Europe
Thursday, December 20 2007 3:29 PM, EST PR Newswire "US Press Releases "
LOS ANGELES , Dec. 20 /PRNewswire-FirstCall/ -- BioGold Fuels Corporation (TM) (OTC Bulletin Board: CBVA) is in negotiations for a joint venture to build waste to energy processing plants in Europe with a United Kingdom company, one of the leaders in the waste disposal arena.
BioGold, with their joint-venture partner, would pursue the sale of BioGold Fuels' proprietary technology to other bio-fuel manufacturers.
The partnership will also seek projects to set up on their own. It is anticipated that the BioGold technology will be of great interest within the United Kingdom and after penetrating that market, they plan to branch out into the rest of Europe .
About BioGold Fuels(TM) Corporation
BioGold Fuels(TM) Corporation is seeking to develop, acquire, license and commercialize patented and proprietary technologies that its management believes will allow a significant amount of municipal solid waste to be recycled into synthetic diesel fuel and other renewable fuels to address the multi-billion dollar diesel fuel market in the United States and the world. A major component of MSW is paper-based material, hydrocarbon-based material, and other high-energy value feedstocks.
The contents of this press release are presented as a general overview of BioGold Fuels. This release is intended only to contain general information regarding BioGold Fuels and its business and does not purport to provide complete disclosure or analysis of all matters that may be relevant to a decision to invest in BioGold Fuels. In addition, certain matters discussed in this release may constitute 'forward-looking statements.' Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond BioGold Fuels' ability to control or predict, including, but not limited to, risks and uncertainties outlined in BioGold Fuels' periodic reports filed with the Securities and Exchange Commission .
There can be no assurance that BioGold Fuels will in fact be successful in raising subsequent financing in order to build synthetic diesel production facilities to implement its business strategy. Other risk factors may include, but are not limited to, BioGold Fuels' ability to successfully implement its business strategy, including its ability to develop and construct its planned facilities, to produce and sell product at commercial levels and adequate prices and the acceptance of its product by potential customers and by the market in general, the ability of BioGold Fuels to achieve profitability even if it is able to sell its product at commercial levels, BioGold Fuels' ability to develop synthetic diesel fuel from MSW, fluctuations in quarterly results, increased competition, and BioGold Fuels' ability to protect the proprietary technology it uses. Further, BioGold Fuels operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond BioGold Fuels' control, such as announcements by competitors and service providers.
The statements made herein are made as of the date of this release, and BioGold Fuels undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements contained in this press release, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Chris Barsness
BioGold Fuels(TM) Corporation
1800 Century Park East, Suite 600
Los Angeles, CA 90067
310-556-0025
cbarsness@biogoldfuels.com
SOURCE BioGold Fuels(TM) Corporation
ISIG (2.66) Insignia POPS(R) Prints Its Twenty Five Millionth POPSign(R)
Thursday, December 20 2007 3:08 PM, EST Business Wire "US Press Releases "
MINNEAPOLIS --(BUSINESS WIRE)--
Insignia Systems, Inc. (Nasdaq: ISIG) announced today that it has printed and distributed the twenty five millionth sign for its Insignia POPSign(R) program. The POPSign, with a Surround Advantage Insert, features Healthy Food Holdings' Breyers(R) Smart! Yogurt and was recently displayed in a Price Chopper store in Poughkeepsie, NY.
Insignia's Point-Of-Purchase Services (POPS) division provides the Insignia POPSign(R) program. POPSign is a fully featured, point-of-purchase advertising program that delivers superior sales lift, while building brand and store equity. POPSigns allow manufacturers to deliver product-specific messages quickly and accurately -- in designs and formats that have been pre-approved and supported by participating retailers.
Insignia Systems, Inc. is an innovative developer and marketer of in-store advertising products, programs and services to retailers and consumer goods manufacturers. Through its Point-Of-Purchase Services (POPS) business, Insignia is contracted with more than 9,000 chain retail supermarkets and drug stores, including A&P, Kroger and Safeway. Through the nationwide POPS network, over 200 major consumer goods manufacturers, including General Mills, Reckitt Benckiser, Kellogg Company , Nestle, Pfizer, S.C. Johnson & Son and Tyson Foods , have taken their brand messages to the point-of-purchase. For additional information, contact (888) 474-7677, or visit the Insignia POPS Web site at www.insigniapops.com.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements. The Company's actual results could differ materially from these forward-looking statements as a result of a number of factors, including risks and uncertainties as described in the Company's SEC Form 10-K for the year ended December 31, 2006 and other recent filings with the Securities and Exchange Commission . The Company wishes to caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.
Source: Insignia Systems, Inc.
trgd (.33) Tara Gold Partners Its Picacho, Curcurpe and Millonaria Projects
Thursday, December 20 2007 2:51 PM, EST Market Wire "US Press Releases "
CHICAGO, IL -- (MARKET WIRE) -- 12/20/07 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) ( FRANKFURT : T8N) is very pleased to announce binding commitments to purchase a 70% undivided interest in Tara Gold's Picacho, Curcurpe and Millonaria Projects by La Camera Mining Inc. Tara Gold will retain a 30% carried interest in all properties once Camera earns its 70%.
For Picacho, La Camera will spend $6 mil over the next 3.5 years, make the underlying property payments, and issue 1,500,000 shares of La Camera to Tara. The partners are excited about better defining existing structures and exploring the numerous targets that have been identified. La Camera will also provide the capital and operating funds necessary to put Picacho back into full-scale production in 2008. The new agreement also addresses the previous dissolution of the Lateegra Gold Corp. option with no claim of gain or liability against Tara Gold or Lateegra Gold. Furthermore, all past payments of cash and shares, made by Lateegra, will remain the property of Tara Gold.
For Curcurpe, La Camera will spend $3.75 million over the next 3.5 years and make all underlying property payments. The exploration program will test identified targets through systematic groundwork and drilling.
For Millonaria, La Camera will spend $3.75 million over the next 3.5 years and make all underlying property payments. The program will aggressively explore the extensive 40-metre-wide vein system that runs through Millonaria and conduct a regional survey towards testing the larger potential as illustrated by the close proximity of Millonaria to both the Palmarejo and the El Sauzal mines.
Mr. Francis Biscan, Jr., President of Tara Gold Resources, stated, "We believe we have found a quality partner with La Camera. These Agreements more than adequately provide Tara with the cash that it requires to maintain all of its project interests and allows the company to advance these superior assets simultaneously. We believe that each of these three projects has large scale potential and that well executed work programs will expose the tremendous value of these assets for Tara and La Camera. 2008 now promises to be a year where we will see activity on all of our properties. We continue to generate revenue from La Currita and expect to see revenue from Lluvia de Oro in 2008, and now Picacho. We are very pleased with our new relationship with Camera and look forward to working with their team."
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, and Las Minitas projects in Mexico . We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission .
Contact: Tara Gold Resources Corp.
Website: www.TaraGoldResources.com
Investor Relations:
Tony Altavilla
Phone: 317-218-0204
Investor Relations Website: www.sfpindy.com
CTGX (5.55) CTG Announces Extension of 10b5-1 Plan to Facilitate Share Repurchases
Thursday, December 20 2007 2:38 PM, EST PR Newswire "US Press Releases "
BUFFALO, N.Y. , Dec. 20 /PRNewswire-FirstCall/ -- CTG (Nasdaq: CTGX), an international information technology (IT) staffing and solutions company, today announced that it extended a stock repurchase plan under Rule 10b5-1 of the Securities and Exchange Commission (the "Company 10b5-1 Plan") to facilitate the repurchase of its common stock under its outstanding repurchase authorizations. The Company has approximately 420,000 shares available for repurchase at December 20, 2007 under previous authorizations.
"We are extending our 10b5-1 plan implemented earlier in the year because it gives us the ability to repurchase shares during our self-imposed blackout periods prior to the announcement of quarterly results," said CTG Chairman and Chief Executive Officer James R. Boldt. "We also believe CTG's shares remain attractively valued and intend to continue actively repurchasing our stock in 2008."
The plan is being administered by Boenning & Scattergood, Inc. and is effective from January 7, 2008 until the day following the Company's release of its 2007 fourth quarter financial results. CTG adopted the initial 10b5-1 plan on April 5, 2007 to allow for the repurchase of shares during the time following the close of a quarter and the announcement of quarterly financial results when its self-imposed stock repurchase policy does not allow for the direct purchase of shares by the Company. The Company also intends to utilize the plan for its self-imposed blackout periods during each of the quarters in 2008. Repurchases are subject to SEC regulations as well as certain price, market, volume and timing constraints specified in the plan. The plan does not require that any shares be purchased.
Backed by over 40 years' experience, CTG provides IT staffing, application management outsourcing, consulting, and software development and integration solutions to help Global 2000 clients focus on their core businesses and use IT as a competitive advantage to excel in their markets. CTG combines in-depth understanding of our clients' businesses with a full range of integrated services and proprietary ISO 9001:2000-certified service methodologies. Our IT professionals based in an international network of offices in North America and Europe have a proven track record of delivering solutions that work. More information about CTG is available on the Web at http://www.ctg.com.
This document contains certain forward-looking statements concerning the Company's current expectations as to future growth. These statements are based upon a review of industry reports, current business conditions in the areas where the Company does business, the availability of qualified professional staff, the demand for the Company's services, and other factors that involve risk and uncertainty. As such, actual results may differ materially in response to a change in such factors. Such forward-looking statements should be read in conjunction with the Company's disclosures set forth in the Company's 2006 Form 10-K and Management's Discussion and Analysis section of the Company's 2006 annual report, which are incorporated by reference. The Company assumes no obligation to update the forward-looking information contained in this release.
Today's news release, along with CTG news releases for the past year, is available on the Web at http://www.ctg.com.
CONTACT:
James R. Boldt, Chairman & Chief Executive Officer
(716) 887-7244
SOURCE CTG
apgr (1.5) Alpine TLI Group, Inc. Announces Upgraded Trading Status and Plans to Capture Market Share in $10 Billion Tax Lien Market
Thursday, December 20 2007 2:45 PM, EST Market Wire "US Press Releases "
PLEASANT GROVE, UT -- (MARKET WIRE) -- 12/20/07 -- Alpine TLI Group, Inc. (PINKSHEETS: APGR), a full service tax lien and tax deed purchase, research, and property management company, announced today that it has achieved upgraded trading status through the approval of Form 15c211 Information and Disclosure Statement by the National Association of Securities Dealers (NASD). Improved access to the public markets with increased transparency and tradability by our shareholders allows the Company to accelerate its approach to capturing market share in the growing tax lien sales market.
There will be over 2,000 tax lien sales during 2008, with an ever-increasing opportunity to participate in online sales. It is estimated that over $10 Billion in tax lien certificates are offered for sale annually. It is also estimated that due to the inherent leverage of a tax lien, this could represent over $1 Trillion in property value for the purchasers of these tax lien certificates. Alpine's business model is structured to research, identify and capture a significant portion of the $10 Billion in tax liens offered each year.
M. Taylor Abegg, II, Chief Executive Officer of Alpine TLI Group, Inc. , stated, "The tax sales industry is a proven market and has been around for more than 100 years. The bottom line is county governments need money to operate and provide many important and useful services for their citizens. Their primary funding source for these services is property taxes. If these taxes are not paid, the government has the authority to lien the property for the unpaid taxes. The counties are then authorized to sell these liens to investors, like Alpine, allowing the county to receive funds to operate with the investor receiving a high rate of return. Exceptional returns are obtainable if taxes are not paid during a specified period of time, allowing the tax lien owner to obtain the property, free and clear of all encumbrances. As a result, for those who understand the industry, such as Alpine, the profit potential can be enormous."
About ALPINE TLI GROUP, Inc.
ALPINE TLI GROUP, Inc. is a full service tax lien and tax deed purchase, research, and property management company. Alpine specializes in identifying and researching properties that have the propensity of creating highly leveraged investment opportunities through the purchase of real estate tax lien certificates and tax deeds.
Tax lien certificates are typically acquired by Alpine for 1% to 20% of the property value. If the lien is redeemed by the property owner, a return of 4% to 25% APR is realized by Alpine. If the lien is not redeemed, the deed to the property is granted to Alpine, free and clear of all encumbrances. Tax deeds are typically acquired by Alpine for 20% to 60% of the property value. Alpine is then in a position to improve, develop or liquidate the property at a profit. More information on Alpine TLI Group is available online at http://www.AlpineTLIGroup.com/
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Alpine TLI Group, Inc. , and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please contact:
Alpine TLI Group, Inc.
Investor Relations
888-947-4440
Email Contact
ixsv (.02) Intersecurity Holdings Corp. Subsidiary BG2000 Kft. Wins Security Contract with Elis-Mond Kft.
Thursday, December 20 2007 2:44 PM, EST Business Wire "US Press Releases "
BUDAPEST, Hungary --(BUSINESS WIRE)--
Intersecurity Holdings Corporation (IXSV.PK) is pleased to announce that its 100% owned Hungarian subsidiary, BG2000 Kft. has won a new security contract with Elis-Mond Kft. Elis-Mond Kft. is a hotel management in Hungary . BG2000's contract calls for securing three facilities in Budapest region
"Today, our contract with Elis-Mond calls for 16 security persons" stated Andras Nagy, President of Intersecurity Holdings . "We anticipate that our relationship with Elis-Mond will expand, to some 50 security personnel in the next 12 months." he added. Elis-Mond manages some 20 facilities in Hungary .
Intersecurity corporate office has moved to BG2000's offices located at Nagydiofa u 19.1 EM4, 1072 Budapest .
BG2000 is ISO 9002 certified. Its clients include several malls and shopping centers, high tech companies and logistics centers, private companies, offices, buildings and a state owned company. BG2000 includes amongst its services: human manpower and electronic devices, armed guarding and deployment of electrical security systems.
For additional information please contact Equitable Research (USA) at +1 (954) 281-8266 or visit www.ixsv.com.
"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.
Source: Intersecurity Holdings Corporation
icpr (1.7808) ICP Solar Signs Supply Agreement with Shanghai Electric Solar Energy Corporation
Thursday, December 20 2007 2:43 PM, EST Canada NewsWire "All News "
MONTREAL , December 20 /CNW/ - ICP Solar Technologies Inc. (OTCBB: ICPR, FRANKFURT : K1U), a developer, manufacturer and marketer of solar cells and products, announced today it has signed a two year supply agreement with Shanghai Electric Solar Energy Co.
Shanghai Electric is the single largest Chinese enterprise engaged in the design, manufacture and sale of mechanical and electrical equipment. The group's products cover more than ten industries ranging from Power Generation Equipment, Power Transmission and Distribution Equipment, Electromechanical integration equipment, Transport Equipment and Environmental Protection.
"This two year agreement enhances our position as a developer of innovative solar solutions," said ICP Solar CEO and Chairman, Sass Peress. "This deal ensures that we will receive timely supply of solar modules at favorable prices and payment conditions in a market of tight supply and coupled with the company's existing supply agreements, the company has now secured a majority of solar cell requirements for its 2008 planned production."
"The importance of aligning ourselves with top quality business partners becomes more evident as we continue to increase our scale," said Laurent Lafite, Vice President Marketing and Global Strategy. "We are continually evaluating our relationships in order to secure the best components and services and enhance the total value proposition and Sunsei(R) experience for our customers."
About ICP Solar Technologies, Inc.
ICP Solar is a developer, manufacturer and marketer of solar cells and solar cell based products and building materials. Through the application of next-generation technologies and use of proprietary intellectual design the Company aims to be the industry's innovation leader. For the past 19 years, ICP Solar has led the consumer market through innovation and has now begun to apply that same philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. The company's headquarters are located in Montreal , Canada , with additional locations in the USA, Spain , Ireland and France .
Corporate information may be found at www.icpsolar.com.
The forward-looking statements herein include, but are not limited to, the expected expansion of our solar solutions into Europe Middle East , Asia and Africa . Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent SB-2 filing with the Securities and Exchange Commission . Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
tchh (.14) pavc (.031) Trustcash Holdings, Inc. and Paivis, Corp. Announce Signing of Definitive Agreement and Plan of Merger
Thursday, December 20 2007 2:46 PM, EST Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 12/20/07 -- TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) and PAIVIS, CORP. ("PAIVIS") (OTCBB: PAVC) today jointly announced their execution of a Definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which TRUSTCASH has agreed, through a wholly-owned subsidiary, to acquire 100% of the issued and outstanding common shares of the PAIVIS, and PAIVIS has agreed, at the closing of the transaction, to become a wholly-owned subsidiary of TRUSTCASH. As consideration in the merger transaction, TRUSTCASH has agreed to exchange shares of its preferred stock ("the Issuable Shares") with PAIVIS's shareholders at an exchange ratio, under the Merger Agreement that values the PAIVIS shares at $0.65 per common share.
Greg Moss, the Chief Executive Officer of TRUSTCASH, commented, "With the execution of this Definitive Agreement TRUSTCASH moves forward our plan of being aggressive in our growth plans to build a significant operation under a synergistic direction for our shareholders. PAIVIS is a business that we believe has vast potential. It is currently a multimillion dollar operation that has a business plan which includes other acquisition candidates and a comprehensive strategy for growth and profit generation. We look forward to closing and welcoming the PAIVIS shareholders as TRUSTCASH shareholders and feel very strongly on the new combined entities moving forward."
Edwin Kwong, the Interim Executive Officer of PAIVIS, commented further, "The execution of this agreement results from the execution of the Board of Directors plan that we had implemented to move PAIVIS forward through mergers and acquisition for the future growth of the company, and ultimately for the enhancement of value for the PAIVIS shareholders. TRUSTCASH is a burgeoning company with a product that possesses immense potential; we feel this merger provides a great opportunity for our shareholders' growth prospects. We are very pleased with the valuation that we received from TRUSTCASH and feel it is fair for our shareholders. We look forward to the consummation of this transaction and moving forward rapidly to develop a path of success for the combined corporations."
The parties have agreed to use their best efforts to consummate the transaction by January 31, 2008 , or as soon as practicable thereafter. Upon closing the combined entities would include Trustcash, Paivis, and Paivis's acquisition targets, Detroit Phone Cards, Inc , and AAAA Media Services, Inc. and produce a combined revenue stream of approximately $73,000,000 (unaudited).
The Merger Agreement, which includes all details of the transaction including the rights and preferences of the Issuable Shares will be filed by TRUSTCASH and PAIVIS as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission as required. The Merger Agreement contains certain conditions precedent to consummation of the merger, including but not limited to, financing being secured by Trustcash, the audits of Paivis' acquisitions being completed, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents. The Merger Agreement provides detail of the rights and preferred shares of the Issuable Shares. The Merger Agreement amongst other terms and conditions further provides that TRUSTCASH will file a registration statement to register the Issuable Shares and that an application will be made to list the Issuable shares to trade.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 either online, through any of over 500 websites, or at over 50,000 retail locations in the United States via MoneyGram. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact , as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. TRUSTCASH and PAIVIS intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause TRUSTCASH and PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in TRUSTCASH and PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contacts:
Paivis, Corp.
Edwin Kwong
Interim Chief Executive Officer
Phone: 404-601-2885
www.paivis.com
Contact
Trustcash Investor Relations
Charles Moskowitz
781-826-8882
www.trustcash.com
tdwv (.0002) TidalWave Holdings, Inc. Comments on Recent Trading Activity and Proposed Forward Split
Thursday, December 20 2007 2:47 PM, EST Market Wire "US Press Releases "
TALLAHASSEE, FL -- (MARKET WIRE) -- 12/20/07 -- TidalWave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today commented on the recent trading activity of its common stock and proposed forward split.
Over the last three weeks, the common stock value of TidalWave Holdings has drastically declined and some investors have communicated their concerns regarding the impact the company itself may or may have on the trading activity. The company will address these concerns in an open and forthright manner.
The company recently announced a 5-for-1 forward stock split and filed paperwork with the State of Florida to authorize the forward split the first week in December. At the time, management believed that such a split would inject liquidity and help expand the company's shareholder base. The company believes that once this was announced and confirmed filed with the State of Florida , market forces reacted negatively, albeit prematurely, to a potential 5-fold increase of the company's shares in the open market.
At the present, given the subsequent current market condition of the company's share price, a forward split is not feasible at this time and would result in potential trading of the company's shares at levels that would be inherently illiquid to shareholders. The company is exploring a range of several other options, including a possible restricted preferred or common stock dividend that could provide existing shareholders a means of receiving additional shares as an alternative to a forward split. If adopted, this type of dividend would not immediately add additional shares into the open market.
For further questions, shareholders are encouraged to contact TidalWave investor relations.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
Contact:
TidalWave Holdings Investor Relations
(888) 620-6815
ir@tidalwaveholdings.com
splits:
14:37 12/21/2007 GFDI Grofeed Inc Common Shares (NV) RIMA Rima International Holdings Inc Common Stock 1-46 R/S **
14:37 12/21/2007 WBRS Wild Brush Energy, Inc. Common Stock WBRE Wild Brush Energy Inc New Common Stock 1-1000 R/S **
gacf (.41) Global Aircraft Solutions Closes $10,000,000 Debt Financing
Thursday, December 20 2007 2:35 PM, EST Market Wire "US Press Releases "
TUCSON, AZ -- (MARKET WIRE) -- 12/20/07 -- Global Aircraft Solutions, Inc. (OTCBB: GACF) today announced that it has issued a non-convertible debenture in the amount of $10,000,000 to two institutional investors. The debenture matures in one-year from closing and accrues interest at a rate of 15% per annum. The debenture is secured by a first priority lien on all current and future assets of the Company, and provides for a cash flow recapture of 60% of any sale proceeds related to the Company's aircraft inventory. As an inducement to purchase the debentures, the Company issues a Warrant entitling them to 1,500,000 shares of common stock. The Warrant shall have an exercise price equal to 105% of the VWAP, a five-year term, and a cashless exercise feature.
The Company will utilize the financing proceeds to repay all existing indebtedness, pay down certain accounts payable, and fund operating capital.
The Company also announced that it will hold a shareholders conference call on January 3, 2008 at 4:15PM . The exact call-in numbers of the conference call will be provided in a subsequent press release. At that time management will provide a more detailed financial and operational update, and answer investors' questions.
Ian Herman, Chairman and CEO of Global Aircraft Solutions, commented, "This $10,000,000 financing will provide the liquidity needed to move the Company forward in a positive manner as we enter 2008. This is essentially a bridge financing that will allow the Company to pursue the collection of receivables and the sale of assets from a financial position much more conducive to maximizing the value of those receivables and assets. We fully anticipate that this new financing will result in improved financial results from our operating units. Once we have converted some of our larger receivables and assets to cash, and have improved operating results, we then intend to replace as quickly as possible the current short-term debt financing with a more traditional long-term credit facility. We believe that this capital injection provides us with the ability to acquire profitable business that we have been forced to forgo, and sets the stage for us to enter 2008 with the financial stability required of a capital intensive business."
About Global Aircraft Solutions
Global Aircraft Solutions provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace and World Jet, both divisions of Global Aircraft Solutions, operate from facilities comprising about 25 acres located at Tucson International Airport . These facilities include hangars, workshops, warehouses, offices and other buildings. Notable customers include Avolar Airlines , Jetran International , Goodrich Corporation , AAR, the Mexican Presidential Fleet, Azteca Airlines , Pegasus Aviation, Aloha Airlines , Alant Soyuz, United Breweries Holdings and Global Aircraft Leasing Partners .
Global's website is located at www.globalaircraftsolutions.com. The Hamilton Aerospace website is located at www.hamaerotech.com.
Safe Harbor
Except for the historical information presented, this press release contains "forward-looking statements" made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 or regulations thereunder including, but not limited to expected and estimated revenue and earnings. Forward-looking statements are made based upon management's expectations and belief concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management's expectations or that the effect of future developments on the Company will be those anticipated by management.
The words "believes," "expects," "intends," "plans," "anticipates," "hopes," "likely," "will," and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company or its subsidiaries or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. These risks include the economic health of the airline industry, demand for Global Aircraft Solutions' services, and competitive pricing pressures.
In addition, other risks are detailed in Global's Form 10-K for the year ended December 31, 2006 , Global's Form 10-Q for the quarter ended March 31, 2007 , and Global's 10-Q for the quarter ended June 30, 2007 . These statements speak only as of above date, and Global disclaims any intent or obligation to update them.
Contact:
Global Aircraft Solutions
Ian Herman
(520) 275-6059
Email Contact
Or
Alliance Advisors, LLC
Alan Sheinwald
914-669-0222
Email Contact
lgcp (.2) Lincoln Gold Announces Revised Gold Resource Estimates for Its Pine Grove Property, Nevada
Thursday, December 20 2007 2:31 PM, EST Market Wire "US Press Releases "
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 12/20/07 -- LINCOLN GOLD CORP. (OTCBB: LGCP) announces that it has revised the results of its gold resource estimate on the Company's 100%-controlled Pine Grove gold property located in the Pine Grove Hills, 20 miles south of Yerington, Nevada . These estimates were originally disclosed in the Company's news release dated October 19, 2007 .
The revised resource estimate is compliant with Canadian National Instrument 43-101 and was prepared by MineFill Services, Inc. of Vancouver , B.C., Canada in accordance with definitions of the Canadian Institute of Mining and Metallurgy's Standards on Mineral Resources and Mineral Reserves adopted in December 2005 . The data base consists of 160 reverse circulation holes totaling 53,000 ft drilled by Teck Resources in the early 1990's. Drilling was conducted largely on 100 ft to 200 ft centers on two gold deposits, the Wheeler and the Wilson. The two deposits are about 2,500 ft apart with excellent access. Potential exists for open pit mining and heap-leach processing.
At a cutoff grade of 0.010 opt gold and high assays capped at 0.5 opt gold, the Wheeler and Wilson deposits presently contain combined inferred resources of 6.06 million tons grading 0.053 opt gold containing 320,000 ozs gold.
The Company original reported both indicated and inferred resources on the Pine Grove Property in its October 19, 2007 news release. The Company has since downgraded the indicated resources referred to in that release to inferred resources as the indicated resources could not be supported as a result of the lack of the required quality control/quality assurance program. The inferred resources are referenced in the NI 43-101 compliant technical report dated September 28, 2007 , as amended December 4, 2007 , prepared by David M. R. Stone of Minefill Services, Inc. A copy of this technical report was filed with the British Columbia Securities Commission on December 18, 2007 . Investors may view the technical report on the web site of the Canadian Securities Administrators at www.sedar.com. Investors are cautioned not to rely on the disclosure of indicated resources included in the October 19, 2007 news release.
Mineral resources for the Wheeler and Wilson deposits at various cutoff grades, as presented in the technical report, are summarized below:
Undiluted Inferred Mineral Resources by Cutoff Grade - Wilson
(assays capped at 0.5 opt)
--------------------------------------------------------------
Cutoff Au Cu Au Cu
(opt) Tons (opt) (%) (oz) (lbs)
--------------------------------------------------------------
0.005 4,647,000 0.018 0.0210 83,531 1,953,000
--------------------------------------------------------------
0.010 2,738,000 0.025 0.0234 69,744 1,284,000
--------------------------------------------------------------
0.015 1,602,000 0.035 0.0252 56,056 807,000
--------------------------------------------------------------
Undiluted Inferred Mineral Resources by Cutoff Grade - Wheeler
(assays capped at 0.5 opt)
--------------------------------------------------------------
Cutoff Au Cu Au Cu
(opt) Tons (opt) (%) (oz) (lbs)
--------------------------------------------------------------
0.005 4,367,000 0.059 0.0432 257,839 3,774,000
--------------------------------------------------------------
0.010 3,321,000 0.075 0.0465 250,236 3,087,000
--------------------------------------------------------------
0.015 2,647,000 0.091 0.0476 241,981 2,520,000
--------------------------------------------------------------
Dr. David Stone, P. Eng., P.E. of MineFill Services, Inc. , is a Qualified Person as defined in NI 43-101, and has prepared and approved the information contained in this press release.
Lincoln Gold Corp. is a gold exploration company with several projects in various stages of exploration which includes three properties in Nevada and the La Bufa property in Mexico .
LINCOLN GOLD CORP.
Paul F. Saxton, President
This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:
(i) the results of the NI 43-101 report on the Pine Gove properties may be different than anticipated;
(ii) the inability of the Company to achieve the financing required to pursue the exploration of the Pine Grove properties;
(iii) the results of exploration of the Pine Grove properties; and
(iv) the lack of commercial mineralization on the Lincoln Gold properties.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
Contacts:
Lincoln Gold Corp.
Investor Relations
(604) 688-7377
(604) 688-7307 (FAX)
Website: www.lincolngold.com
yup... reminds me of a bunch of other ones too
isco (1.0) Progress reported in making immune-tolerant stem cell lines [North County Times, Escondido, Calif.]
Thursday, December 20 2007 2:23 PM, EST Knight Ridder/Tribune "Business News "
Dec. 20 --OCEANSIDE -- A report of a major advance in stem cell research propelled shares of International Stem Cell Corp. to a 71 percent gain Wednesday. Stock in the Oceanside-based company rose 41 cents per share, or 68 percent, closing at $1.01 apiece.
However, stem cell experts said the progress, while respectable, falls short of a breakthrough.
International Stem Cell has produced stem cells that are less likely to cause immune rejection if transplanted into patients, Jeff Krstich, chief executive, said Wednesday. This makes it more economically feasible to create varieties, or lines, of stem cells that could be turned into replacement cells or organs, he said. The company is developing stem cells from unfertilized human egg cells. These "parthenogenic" cells appear to act like human embryonic stem cells. These cells have been transformed into what appears to be functional heart, corneal and nerve cells.
Because they were not created from human embryos, the company says its research sidesteps objections from opponents who say that because human embryos are killed in other techniques to get stem cells, human lives are sacrificed, making such research immoral. A paper describing the company's feat was published online Wednesday in the scientific publication Cloning and Stem Cells Journal . It can be found at http://tinyurl.com/2oxdlh.
"It's a nice piece of work," said Rene Reijo Pera, director of the Center for Human Embryonic Stem Cell Research at Stanford University . She said it was of "moderate" significance.
"It's not a huge advance. We knew this could be done," Pera said. Still, Pera said the research is significant because it demonstrated how to apply the theory in practice.
"These lines will match a large percentage of the population," Pera said. "It's very interesting."
A lot of work remains to be done to make human stem cell therapy feasible, Pera said. The stem cell lines must also be reliably transformed into the right kind of replacement cells and coaxed into forming functional organs.
Stem cells are the "ancestral" cells that differentiate into the various kinds of tissues and organs in the human body. Individual humans have an immune system identity determined by genetics. Stem cells from a donor that fail to match those of the recipient trigger an immune reaction, similar to that occurring with transplanted organs. Immunosuppressive drugs are required to prevent rejection.
To get a close enough match to avoid rejection, Krstich said hundreds of thousands or even millions of stem cell lines would be needed. But using the method developed by Elena Revazova, the company's chief scientist, that number could be reduced to as few as 50 cell lines to cover the entire world's population, Krstich said.
Working with fewer stem cell lines means that researchers can devote more attention to perfecting each one of them, Pera said. But Robertson Parkman, a prominent stem cell researcher at the University of Southern California , said the 50-cell line estimate was too optimistic. A few thousand cell lines made by that method would probably be needed, he said.
That's because the method deals with just one complex of genes that controls immune identity, not affecting others, he said. It would be fair to say that the method could potentially allow a lower level of immunosuppressive drugs to be used, Parkman said. It's not necessary to create matches to the entire human population if you're mainly interested in treating Americans, said Larry Goldstein, head of the stem cell research program at UCSD.
That's because most Americans come from a relatively narrow genetic profile, he said. The mainly European-descended population is less genetically diverse than humans in other parts of the world, especially in Africa . Goldstein said the trouble with that approach is it is discriminatory. Stem cell lines created to fit a European genetic profile would mainly benefit white Americans. That would leave African-Americans and other racial groups of non-European ancestry disadvantaged.
To see more of the North County Times, or to subscribe to the newspaper, go to http://www.nctimes.com.
Copyright (c) 2007, North County Times, Escondido, Calif.
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc. , 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
CEGE (2.40) Cell Genesys Announces Sale of Lentiviral Gene Delivery Technology for $12 Million
Thursday, December 20 2007 2:19 PM, EST PR Newswire "US Press Releases "
SOUTH SAN FRANCISCO, Calif ., and GREENWICH, Conn., Dec. 20 /PRNewswire- FirstCall/ -- Cell Genesys, Inc. (Nasdaq: CEGE) and GBP IP, LLC , an affiliate of GBP Capital, the majority shareholder in privately held Lentigen Corporation , today announced that the two companies have entered into an asset sale agreement relating to Cell Genesys' lentiviral gene delivery technology, commonly referred to as lentiviral vectors. Pursuant to the agreement, Cell Genesys has received a payment of $12 million from GBP IP, LLC in exchange for all intellectual property and previously established licensing agreements relating to its lentiviral gene delivery technology. Cell Genesys will retain rights to use the technology for research and development purposes, including potential future use with cancer immunotherapy products.
"We are pleased to have entered into this agreement with GBP IP, LLC and Lentigen, a leader in the field of lentiviral gene delivery technology, and wish them every success in the further development of this important technology," stated Robert Tidwell, senior vice president of corporate development at Cell Genesys. "This agreement reflects Cell Genesys' ongoing commitment and ability to leverage its non-core business assets and in so doing build shareholder value."
Over the years, Cell Genesys has successfully leveraged its non-core business assets through strategic spin outs and outlicensing agreements. In 1996, Cell Genesys spun out its antibody technology creating Abgenix, a company that was acquired in 2005 by Amgen for approximately $2.6 billion . In 2001, Cell Genesys launched Ceregene, a privately held company that is focused on developing gene therapies for neurodegenerative disorders. Cell Genesys currently holds approximately 16 percent ownership in Ceregene. In addition, Cell Genesys has outlicensed various non-core technologies including other gene delivery technology and gene activation technology resulting in over $60 million in non-dilutive financing.
"We are pleased to initiate the intellectual property portfolio of GBP IP with this premiere set of lentiviral vector intellectual property assets from Cell Genesys," commented GBP Capital's managing partner, Dr. Douglas Lind. "Cell Genesys has been at the forefront of lentiviral vector technology development. This technology shows great promise to impact the fields of vaccine manufacturing, protein production, cell and gene therapy, and RNA interference."
Management of the portfolio, including patent prosecution and license management, has been assigned to Lentigen Corporation . Dr. Lind further added, "Lentigen's technical prominence in the field and its collaborative business strategy make it well suited to rapidly leverage the value of the Cell Genesys portfolio." Parties with interest in further information may contact Dr. Greg Feulner at Lentigen as noted below.
"We are delighted that Lentigen will be able to develop and commercialize Cell Genesys' lentiviral vector IP estate," commented Lentigen's Founder and CEO Dr. Boro Dropulic. "Lentiviral vector technology has enormous potential as research and drug discovery tools, a manufacturing platform for biologics, and for the development of novel genetic therapies. We intend to develop this technology in each of these areas in collaboration with our existing and future partners." Dr. Dropulic further added, "With this acquisition GBP Capital continues to demonstrate remarkable vision and commitment to the future of cell and gene therapy."
About Lentiviral Vectors
Lentiviral vectors are modified viruses that are used to transfer a therapeutic gene into a target cell, either ex vivo or in vivo. In preclinical studies, lentivirus vectors developed by Cell Genesys, have demonstrated safe, efficient and long-lasting gene transfer into a variety of human cells including both dividing and non-dividing cells such as nerve, liver, muscle and bone marrow stem cells. Lentiviral vectors, which are more efficient at targeting non-dividing cells than traditional retroviral vectors, have a larger gene delivery capacity than certain other gene delivery vectors and therefore hold the potential to be used to deliver a wider range of therapeutic genes.
About Cell Genesys
Cell Genesys is focused on the development and commercialization of novel biological therapies for patients with cancer. The company is currently pursuing two clinical stage product platforms -- GVAX(TM) cancer immunotherapies and oncolytic virus therapies. Ongoing clinical trials include Phase 3 trials of GVAX immunotherapy for prostate cancer, Phase 2 trials of GVAX immunotherapies for pancreatic cancer and for leukemia, and a Phase 1 trial of CG0070 oncolytic virus therapy for bladder cancer. Cell Genesys is headquartered in South San Francisco, CA and has its principal manufacturing operation in Hayward, CA. For additional information, please visit the company's website at http://www.cellgenesys.com .
About Lentigen Corporation
Lentigen Corporation is a privately owned biotechnology company focused on the development of lentiviral vectors using its proprietary gene delivery technology for a wide range of applications in biotechnology and medicine. Lentiviral vectors are highly adapted delivery vehicles that can transport genes or gene silencing sequences into cells with high efficiency and stability. Lentigen is positioning itself to become the leading company for the development of Lentiviral vector technology. For further information, visit http://www.lentigen.com .
About GBP Capital
GBP Capital is a Greenwich, CT based private equity firm founded in early 2005 by David S. Wetherell, founder and former CEO of CMGI and innovator in the technology and Internet industries. GBP Capital's mission is to improve the human condition by providing venture funding and assistance to the most promising early to mid-stage life science companies. GBP targets companies with novel approaches to diagnostics, therapeutics, and medical devices that will change the face of healthcare innovation in the future. For additional information, please visit the company's website at http://www.gbpcap.com .
About GBP IP, LLC
GBP IP, LLC is the privately held intellectual property affiliate of GBP Capital.
Cell Genesys Forward-looking Statement
Statements made herein about the company, other than statements of historical fact, including statements about the company's progress, results and timing of clinical trials and preclinical programs and the nature of product pipelines are forward-looking statements and are subject to a number of uncertainties that could cause actual results to differ materially from the statements made, including risks associated with the success of clinical trials and research and development programs, regulatory requirements and the regulatory approval process for clinical trials, manufacture and commercialization of the company's products, competitive technologies and products, patents, the need for and reliance on partnerships with third parties, and the need for additional financings. For information about these and other risks which may affect Cell Genesys, please see the company's Annual Report on Form 10-K for the year ended December 31, 2006 filed on March 1, 2007 as well as Cell Genesys' reports on Form 10-Q and 8-K and other reports filed from time to time with the Securities and Exchange Commission . The company assumes no obligation to update the forward-looking information in this press release.
Contact for Cell Genesys:
Susan Ferris
Investor Relations
650-266-3200
Contact for Lentigen:
Greg Feulner, J.D., Ph.D.
Vice President of Business Development
1450 South Rolling Road
Baltimore, MD 21227
443-543-5318
greg.feulner@lentigen.com
Media Contact:
Richard Lewis Communications, Inc.
35 W. 35th St.
Suite 505
New York, NY 10001
212-827-0020
Greg Tiberend: gtiberend@rlcinc.com
Meghan Feeks: mfeeks@rlcinc.com
Contact for GBP Capital:
Douglas D. Lind, MD
Managing Partner
GBP Capital
537 Steamboat Rd., Suite 200
Greenwich, CT 06830
203-769-2348
DLind@gbpcap.com
http://www.gbpcap.com
SOURCE Cell Genesys, Inc. ; GBP IP, LLC
exactly.. trade em, don't marry em...
but fwiw, preferred shares are usually worth more than common.
yeah, it's one of those.. play em, don't marry 'em
frgy (.003) Frontier Energy Corporation Signs LOI to Form Joint Venture with Industry Partner
Thursday, December 20 2007 2:10 PM, EST Business Wire "US Press Releases "
NORTH LAS VEGAS, Nev .--(BUSINESS WIRE)--
Frontier Energy Corporation ("Frontier" or the "Company")(Other OTC:FRGY) has signed an agreement with a Denver -based Oil and Gas corporation, to form a Joint Venture which will significantly expand the company's horizons, opportunities and enhances the probability of long term success. The Joint Venture provides Frontier with a team with expertise and experience in all the major facets of the industry - geology, engineering, land, finance and project management. In addition, a number of first class prospects in three western states are to be developed by the Frontier Joint Venture.
The Black Forest prospect, featured in previous announcements, has been blanketed with approximately 36,000 acres of Federal, State and Fee leases, and the terms of the JV increase Frontier's working interest in this prime prospect, from 25% to 75%. Other projects, including the acquisition of proven and producing reserves are being pursued by the JV. A full description of the JV management team, format and project projections will be included in subsequent News Releases. Frontier's current activities promise a brighter future for the company and the shareholders.
About Frontier Energy Corp.
Frontier is newly-recapitalized exploratory oil and gas business headquartered in Las Vegas, Nevada . Frontier has one gas lease under contract and intends to enter into drilling, completion and distribution agreements to exploit this lease. Frontier also intends to enter into additional leases, as its funding permits.
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 there under. 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 Energy Corp. disclaims any intent or obligation to update them.
Source: Frontier Energy Corporation
PAVC .03, moving on the news
pavc (.0219) Paivis, Corp. Announces Signing of Merger Agreement With TRUSTCASH Holdings, Inc.; Paivis Common Shareholders to Receive $0.65/Share in TRUSTCASH Preferred Stock
Thursday, December 20 2007 2:04 PM, EST Market Wire "US Press Releases "
ATLANTA, GA -- (MARKET WIRE) -- 12/20/07 -- Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) today announces it has signed a Definitive Agreement and Plan of Merger with TRUSTCASH Holdings, Inc. , a fully reporting publicly traded company ("TRUSTCASH"). Terms of the merger provide for PAIVIS common shareholders to receive $0.65 /share in a TRUSTCASH Preferred Stock exchange.
As per terms of the Definitive Agreement, the merger is planned and expected to close by January 31, 2008 .
Management believes its efforts have achieved a quality value in terms of purchase price and preferred rights and preferences. Furthermore, the execution of this merger agreement is a culmination of diligent work by Company management to merge PAIVIS with another publicly traded company that can provide the best opportunity for increased long-term value for PAIVIS shareholders.
Further details on the Definitive Agreement, and preferred shares rights preferences will be forthcoming through further press releases and public filings.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
Contacts:
Paivis, Corp.
Edwin Kwong
Interim Chief Executive Officer
Phone: 404-601-2885
www.paivis.com
amgi (.27) American Mold Guard Releases Comprehensive Indoor Air Quality and Moisture Management Service
Thursday, December 20 2007 1:58 PM, EST PrimeNewswire "PrimeNewswire "
SAN JUAN CAPISTRANO, Calif., Dec. 20, 2007 (PRIME NEWSWIRE) -- American Mold Guard, Inc. (Nasdaq:AMGI), a provider of long-term antimicrobial surface treatment services to builders of single- and multi-family housing announced that it has expanded its service offerings to provide a comprehensive approach to indoor environmental issues throughout the life cycle of a building.
American Mold Guard's "Trinity" process provides an all-inclusive three in one service platform involving inspection, correction and protection to manage water related problems that can cause mold contamination. The service expansion provides multi-family and commercial developers, owners and property managers with a single, full-service company to handle their indoor environmental issues.
"In response to customer requests, we have expanded our service capability to become more of a comprehensive partner to owners, developers and property managers to help diagnose and solve their indoor environmental concerns," said Mark Davidson, Chief Executive Officer of American Mold Guard. "We believe that our process of identifying, correcting and protecting buildings from mold and water damage is superior to the traditional costly and independently segmented methods prevalent in the industry today," added Mr. Davidson. "We believe that our single-source Trinity process will be beneficial for owners, builders, managers and occupants who recognize the value of improved indoor air quality and protection against contaminants," concluded Mr. Davidson.
American Mold Guard's full-service program includes its existing structural decontamination and protective coating treatments and now includes a complete range of services including building and diagnostic assessment and inspections, indoor air quality testing, complete mold decontamination, and a series of preventive maintenance programs plus water intrusion emergency response. Services are available for new construction and during occupied phases of multi-family and commercial buildings.
About AMGI:
American Mold Guard, Inc. (Nasdaq:AMGI), founded in 2002, is the industry leader in the field of antimicrobial surface treatment services. Its mold protection services are primarily focused on the residential housing industry, with particular emphasis on the multi-family housing area. Its mold protection customers include many of the largest national and regional developers and builders.
Visit: www.amgicorp.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, statements relating to goals, plans and projections regarding the company's financial position, results of operations, market position, product and service development and market strategy. These statements may be identified by the fact that they use words or phrases such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "targets," "will likely result," "will continue," "may," "could" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. These factors include, among other things, competitive product and service development, the ability to fully develop American Mold Guard's (the "Company") surface infection control services, future broad market acceptance of mold and hospital acquired infection prevention services, difficulties in raising additional capital in the future, difficulties and delays in establishing the "Mold Guard" brand, the impact of the absence of significant proprietary technology underlying the Company's services, a continued and long-term dependence on a limited number of customers, changes to the inventory levels of the Company's raw materials suppliers, the impact of a continued absence of exclusive or long-term commitments from the Company's customers, changes in the anticipated size or trends of the markets in which the Company competes, judicial decisions and governmental laws and regulations, and changes in general economic conditions in the markets in which the Company may compete. For further details and a discussion of these and other risks and uncertainties, see the Company's periodic reports including current reports on Form 8-K, quarterly reports on Form 10-QSB and the annual report on Form 10-KSB, furnished to and filed with the Securities and Exchange Commission . The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
CONTACT: American Mold Guard, Inc.
Investor Relation Contact
Paul Bowman, Chief Financial Officer
(949) 240-5144
pbowman@americanmoldguard.com
ixog (.65) Index Oil and Gas, Inc. Mourns Death of Director Michael Scrutton
Thursday, December 20 2007 1:49 PM, EST PrimeNewswire "PrimeNewswire "
HOUSTON , Dec. 20, 2007 (PRIME NEWSWIRE) -- Index Oil and Gas, Inc. (OTCBB:IXOG) ("Index" or "the Company") announced today that Company Director Michael Scrutton passed away over the weekend on December 16, 2007 .
Index's Chairman, Dan Murphy stated, "Michael's death is a shock to us all. This is a very, very sad day for anyone who ever had the opportunity to work with Michael firsthand. Everyone in the Index community sends their prayers, kind thoughts, and condolences to the Scrutton family. His years of dedication and commitment to Index as a founding investor, long term independent director, entrepreneur, and friend; he will not be forgotten and our collective thoughts and prayers will be with his family during this sad time."
The Board of Directors will be meeting this week to discuss further changes and actions that will be taken, as warranted, in an attempt to minimize disruptions to the Company's ongoing operations. Further Company updates will be provided to the financial community as information becomes available.
A funeral service will be held at Colwyn Bay Crematorium in Wales , United Kingdom on Friday 28th December 2007 at 12:30. After the ceremony the family will be sharing memories more informally at Deganwy Quay Hotel to toast Mike and his life. If you would like to write a few words to be read out at the ceremony or placed in the Remembrance book please e-mail them to us here or to Rosie Grant (the ceremony leader) at enquiries@naturalendings.co.uk
In lieu of flowers, memorial contributions may be made to Medicines Sans Frontier.
About Index Oil and Gas
Index Oil and Gas, Inc. is a dynamic gas-biased oil and gas exploration and production Company, with onshore activities primarily in Texas , Louisiana , and Kansas and offices in Houston . The Company's goal is to generate increasing reserves and cash flow from a portfolio of moderate and higher risk potential prospects. After successfully focusing on lower risk prospects to build reserves and near term cashflow in Fiscal Year 2007 (ended March 31, 2007 ), Index has embarked upon a drilling program in Fiscal Year 2008 of a balanced, risk-managed portfolio of prospects designed to generate significantly higher reserves and production. The Company has an enviable drilling record and intends to grow its existing asset base and revenues through further investment in the U.S.
To find out more about Index Oil and Gas, Inc. (OTCBB:IXOG), visit our website at http://www.indexoil.com.
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 acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
Pursuant to a September 1, 2007 agreement, Consulting For Strategic Growth 1, Ltd. ("CFSG1") provides the Company with consulting, business advisory, investor relations, public relations and corporate development service, for which CFSG1 receives cash and/or stock compensation.
CONTACT: Consulting For Strategic Growth 1
Investor Relations:
Stanley Wunderlich, CEO
1-800-625-2236
Fax: 1-212-337-8089
info@CFSG1.com
EVP Media
Media Relations:
Daniel Stepanek
1-212-896-1202
Fax: 1-212-337-8089
dstepanek@cfsg1.com
www.cfsg1.com
Other-OTC System Changes - 12/20/2007
OTCBB Daily List
Other-OTC / Portal / PPS Daily List
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:35 DYNK DynTek Inc. Common Stock 12/21/2007 From BB (DYNK)**
13:35 DYNKW DynTek Inc. Class A Warrants 12/11/2007 12/21/2007 From BB (DYNKW)**
13:35 OPEHF Ope Hldgs Ltd Common (Canada) 12/21/2007
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:35 AFTV Artcraft V, Inc. Common Stock 12/21/2007 Added to OTCBB (AFTV)**
13:35 CBBD China Broadband, Inc. Common Stock 12/21/2007 Added to OTCBB (CBBD)**
13:35 GBCX Good Buddy's Coffee Express, Inc. Common Stock 12/21/2007 Added to OTCBB (GBCX)**
13:35 IPCUF IPC US Real Estate Investment Trust Trust Units (Canada) 12/21/2007 Acquisition **
NAME/SYMBOL CHANGES
Updated Date Old Symbol Old Name New Symbol New Name Comment
13:35 12/21/2007 NTWWF Northern Orion Resources, Inc. Wts Exp 5/29/2008 (Canada) AUYZF Yamana Gold Inc Wts Exp 5/29/2008 (Canada) **
Portal System Changes 12/20/2007
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:35 WBIIL Wachovia Bk N A Charlotte N C Enhanced Yield Secs 144A Mandatorily Exchangeable into Com Stk of Biogen Idec Inc 06/27/2008 12/21/2007
Private Placement Security Changes 12/20/2007
There are no entries for Private Placement Security issues.
OTCBB SYSTEM CHANGES - 12/20/2007
OTCBB Daily List
Other-OTC / Portal / PPS Daily List
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:32 AFTV Artcraft V, Inc. Common Stock 12/21/2007 From NBB (AFTV)**
13:32 CBBD China Broadband, Inc. Common Stock 12/21/2007 From NBB (CBBD)**
13:32 GBCX Good Buddy's Coffee Express, Inc. Common Stock 12/21/2007 From NBB (GBCX)**
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:32 DYNK DynTek Inc. Common Stock 12/21/2007 Form 15; Terminated Registration under the 34 Act; Added to the Other OTC (DYNK) **
13:32 DYNKW DynTek Inc. Class A Warrants 12/11/2007 12/21/2007 Form 15; Terminated Registration under the 34 Act; Added to the Other OTC (DYNKW) **
SYMBOL CHANGES
Updated Date Old Symbol New Symbol Name Comment
13:32 12/21/2007 BMSNE BMSN Bio-Matrix Scientific Group, Inc. Common Stock **
13:32 12/21/2007 GMEXE GMEX GoldMountain Exploration Corporation Common Stock **
13:32 12/21/2007 PALCE PALC Pacific Alliance Corporation Common Stock **
13:32 12/21/2007 RRPHE RRPH Red Rock Pictures Holdings, Inc. Common Stock **
13:32 12/21/2007 SLREE SLRE Solar Energy, Ltd. Common Stock **
13:32 12/21/2007 VIINE VIIN Victoria Industries, Inc. Common Stock **
13:32 12/21/2007 VKSYE VKSY Viking Systems, Inc. Common Stock **