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PRVH - news out, Baby G going public
NCSH - Revolutionary NanOil(TM) From Green Bio-diesel Prepares for Retail Sales
Wednesday February 28, 4:05 pm ET
Nano Chemical Systems Holding, Inc. Selects Automotive Marketing & Sales Agency to Execute Aggressive Retail Launch With High Performance Environmentally Friendly Product!
SEAFORD, Del., Feb. 28 /PRNewswire-FirstCall/ -- Nano Chemical Systems Holdings, Inc. (OTC Bulletin Board: NCSH - News), announced today NanOil(TM), a two-cycle engine oil that is "smokeless" operating, environmentally friendly "Green" product, performs as a "moly" oil and can be made from by-products of one type of Green Palm Biodiesel production. NanOil(TM) is the first commercially offered organic synthetic oil.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070228/LAW089)
Also today, the Company reached agreement with Marketiquette, Inc. for marketing and sales of NanOil(TM) to the $4.7 billion automotive products segment of the automotive aftermarket, working with their recently appointed COO & VP Sales Louis Petrucci who has significant experience with developing structure for a large consumer products distribution network.
"NanOil(TM) is the first in a pipeline of innovative products and our collaboration with Marketiquette will provide us a true convergent approach to getting the products to market while the focus on development is not compromised," says Mr. Petrucci.
From concept to shelf to consumer, Marketiquette Inc. (www.marketiquette.com) focuses on marketing and sales within the automotive chemicals categories, creating a branding strategy, a go-to-market plan and sales through its nationwide sales representative network consisting of 100 plus industry professionals. This multi-channel, national retail and wholesale representative network provides access to the automotive chemical decision makers throughout North America representing 100,000 retail locations, including AutoZone, Advance Auto Parts, CSK Auto, O'Reilly's Auto Parts, Strauss Auto Parts, Pep Boys, NAPA, Carquest, Costco and Wal-Mart ... all within 90 days.
Source: Nano Chemical Systems Holdings, Inc.
· Nano Chemical Systems Holdings NanOil(TM).
· Click Here to Download Image
"'GREEN' is in its infancy and to date, there has been plenty of 'talk' about the environment, but very few products are available at retail for concerned consumers to do 'their' part," says Jeffrey Loch, President & CEO of Marketiquette. He then went on to say, "NanOil(TM), a smokeless environmentally friendly all purpose two-cycle motor oil, will satisfy these needs and we believe will quickly be the choice of environmentally concerned consumers everywhere ... we're excited to partner with NCSH to offer the consumer a product with increased performance while fulfilling their inner values of global responsibility."
NanOil(TM) patent pending process immerses nano-sized molybdenum metal ball bearings to support the oil made from the byproducts of one type of the Palm Bio-diesel production process. Implementing nano-technology to make nano-sized ball bearings allows the use of only trace amounts of "moly" to achieve or exceed performance specifications because the performance is dependent on the surface area of the ball bearings and not on the total weight of "moly" where a nano-meter size ball has 2,000 times as much surface area per unit weight as a 10,000 times larger micron sized ball. The "moly" in NanOil(TM) puts the racetrack advantages of performance and wear resistance under high temperature operation into the hands of consumers at a low price.
About the Product:
NanOil(TM), universal two-cycle engine oil, is separated from the competition because it is a "smokeless" and environmentally friendly "Green" product. NanOil(TM) doesn't smoke because of the high temperature stability associated with modified fatty-acids used rather than crude oil hydrocarbon. It's like cooking chicken on the stove in corn oil produces no smoke instead of cooking in butter and producing smoke, or following an old car that needs a ring job on the freeway that billows out smoke as it leaks motor oil into the combustion chamber. Because NanOil(TM), two-cycle engine oil is made from renewable materials of organic origin and not from crude oil the exhaust has less impact on the environment because of its superior biodegradability and possibly less impact on the lungs of the operator of the machine.
NanOil(TM) for two cycle engines is available in three sizes, to eliminate the need to measure, ready-to-mix with 1, 2.5 and 5 gallons of fuel. Point of sale displays are a floor mounted bilingual 1/4 pallets for larger stores and hanging shelf strips for the smaller retail locations. There are a number of testing, process, specification, approval, supply channel and distribution channel issues that need to be overcome before these four products can be offered for sale.
About The Company:
In this age of "virtual companies" that rely on technology thinly veiled in contract manufacturing and outsourcing, Nano Chemical Systems stands apart with in-house nano-research, development and a manufacturing plant, proven efficient against foreign competition, used as a spring board to inject world- class technology to be a "real company" with high growth and high profitability in Nanotechnology enhanced chemical materials markets worldwide. Nano Chemical Systems Holdings, Inc. has a wholly owned subsidiary, Sea Spray Aerosol, Inc. that produces aerosol products for its own formulas and does private labeling for various customers. Sea Spray operates a 36,000 square foot facility that contains offices, research, warehouse and manufacturing operations.
Forward Looking Statements:
Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
For more information on Nano Chemical Systems Holdings visit: http://www.nanochemicalsystems.com
For Investor Relations please contact:
Redwood Consultants, LLC
415-884-0348
--------------------------------------------------------------------------------
Source: Nano Chemical Systems Holdings, Inc.
FGBF - 1st Global Financial Subsidiary Signs New Independent Sales Office and Increases Current Annual Card Processing Volume by $4.8 Million
Wednesday February 28, 4:05 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Feb 28, 2007 -- 1st Global Financial Corporation's (Other OTC:FGBF.PK - News) (XETRA:ZUM.DE - News) wholly owned subsidiary, 1st Federal Financial, Inc. has reached an agreement with Austin, TX-based, "A Business Store", to become its 8th new Independent Sales Office (ISO). "A Business Store" will immediately add over 50 merchant accounts to 1st Federal's portfolio, which are currently processing about $4.8 million annually in card transactions.
"This is huge for 1st Global," says T.A. "Gil" Gillis, President of 1st Global. ""A Business Store" is exactly the type of sales office we seek for building our ISO base." Gillis continued, "With their customer commitment and their growing merchant portfolio, "A Business Store" is a much welcomed addition to the 1st Global family, and provides an immediate benefit to our processing revenue."
"With 1st Federal's support, this new relationship will enable us to expand our operations to additional parts of the U.S. We at "A Business Store" see this agreement with 1st Federal as a way to quickly expand our sales by allowing us to sell new products and services not presently in our portfolio. We are hoping to double the growth of our company over the next twelve months as a result," said Belinda Rodriguez, founder and President of "A Business Store."
About 1st Global Financial Corporation
Information on 1st Global Financial can be accessed at (http://www.1stglobalfinancial.com). 1st Global Financial Corporation has two operating subsidiaries: 1st Federal Financial, Inc. is the sales and marketing arm of 1st Global's products, providing merchant bankcard and payment processing for merchants http://www.1stfederalfinancial.com and 1st Federal Advanced Funding, Inc. which provides working capital, through an innovative program, to meet needs of small and mid-sized businesses http://www.1stfederaladvancefunding.com.
This release may include "forward-looking statements" from the company that may or may not materialize and recipients are cautioned not to place undue reliance upon them. It is important to note that actual results could differ materially from those in such "forward-looking statements" and "forward-looking statements" are inherently subject to risks and uncertainties.
Contact:
For Investor Relations:
Integrated Capital Partners, Inc.
908-204-0004
http://www.stockreportcard.com
Or
1st Global Financial Corporation
Las Vegas, NV
Gil Gillis
Phone: 866-418-1GFC (1432)
Fax: 775-588-2499
info@1stgf.com
http://www.1stglobalfinancial.com
--------------------------------------------------------------------------------
Source: 1st Global Financial Corporation
SOEN - Solar EnerTech Corp. Reports on Strategic Milestones -- Prepares to Commence Efforts at R&D Joint Lab
Wednesday February 28, 4:15 pm ET
MENLO PARK, CA--(MARKET WIRE)--Feb 28, 2007 -- Solar EnerTech Corp. (OTC BB:SOEN.OB - News) (the "Company") advises that upon the close of the Chinese New Year's holiday season and recommencement of business the Company wishes to notify it filed the requisite 10QSB and 10QSB/A regulatory reports just prior to the start of the holiday season.
The reports submitted to the U.S. Securities and Exchange Commission ("SEC") detail events for the critical growth period of October 1 to December 31, 2006, throughout which the Company has achieved the following milestones:
1) Start up of production line #1 rolled out the first batch of solar
modules on Nov. 23rd and concurrently launched SolarE as market
identity and brand name.
2) Successfully completed a $5.6 million financing.
3) Engaged Knight Capital Markets LLC as advisors.
4) Released beta version of proprietary Power Conditioning Software.
5) Inaugurated Joint R&D Lab with Shanghai University.
These strategic milestones in 2006 have set a solid foundation for the company's future development and have exceeded initial expectations by virtue of Management's ability to work closely with China's governmental systems. The Company quickly acquired both its license to conduct business as well as favored tax status from the Chinese government in late July, then went on to complete its facility infrastructure and installation of solar cell equipment culminating in its first product shipment within a mere 5 months. This accomplishment has been acclaimed by members of the local solar industry as "a small miracle" and has sent a healthy message to the Company's employees boosting their confidence in their own ability to transform future challenges into success.
Due principally to these achievements, Solar EnerTech's first sales contract was signed in January of this year, which will bring in $9.2 million of revenue. Additionally, the R&D Lab with Shanghai University has launched five significant research projects simultaneously. These developmental experiments are slated to begin in the Joint Lab as well as at Solar EnerTech's manufacturing plant during the first week of March. This will be the first test of the Joint Labs ability to fast-track R&D initiatives to commercialization.
In related news, an upsurge of visits by potential buyers from Asia, Europe, and North America has necessitated the Company open an in-house office offering a specially trained multi-lingual team to host visits to the Company's corporate office and manufacturing plant at Jin Qiao Modern Technology Park. Additionally, as the 2008 Beijing Olympic Games are less than 18 months away, the Company is actively seeking initiatives to assist Olympic organizers and other event stakeholders towards providing "green power" technology highlighting opportunities geared towards facility and equipment infrastructure, such as venue electrical power supplementation, hybrid vehicle support, lighting solutions, and portable toilet alternative energy sources.
About Solar EnerTech Corp. (OTC BB:SOEN.OB - News)
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. This facility is capable of producing 25Mw of solar cells from its current production line and 50Mw when upon completion of the second line slated for Q4 of this year. Solar Enertech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
Forward-Looking Statements
Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Solar EnerTech Corp. has little or no control.
On Behalf of the Board
Solar EnerTech Corp.
Leo Shi Young, President
Contact:
Investor Relations Contact:
Boundary Point Investor Relations Inc.
1-866-378-7372
http://www.solarenertech.com
--------------------------------------------------------------------------------
Source: Solar EnerTech Corp.
HEC - Harken Energy Reports Higher Revenue, Higher Operating Margin and Repurchase of Common Shares Outstanding in 2006
Wednesday February 28, 5:24 pm ET
DALLAS, TX--(MARKET WIRE)--Feb 28, 2007 -- Harken Energy Corporation (AMEX:HEC - News) ("Harken") today reported its annual financial results for the year ended December 31, 2006. Harken's strategy is to enhance value for its stockholders through the development of a well-balanced portfolio of energy-based assets. Harken's Gulf Coast oil and gas assets and its coalbed methane prospects provide a large inventory of both high and low-risk exploitation projects and high-potential exploration opportunities. To develop these assets, in 2006, Harken invested approximately $10.9 million and $1.0 million, respectively, of capital expenditures into its Gulf Coast oil and gas properties and coalbed methane prospects. Consistent with its strategy previously reported in 2006, Harken diversified its holdings of oil and gas assets by acquiring an investment in a junior oil and gas exploration company in Canada. Also in 2006, Harken began engaging in the active management of investments in energy industry securities traded on domestic securities exchanges. Harken strives to obtain favorable investment returns by diversifying investment holdings within the energy sector and balancing risk exposures. During 2006, Harken held approximately $7.9 million outstanding in average notional value in a combination of exchange-traded options on futures contracts and common stock. Harken also strives to enhance the balance of its oil and gas portfolio through the acquisition or investment in additional energy-based diversified opportunities.
Financial Highlights
Significant financial highlights in 2006 include the following:
-- Increased pro-forma production and revenues generated by Harken's Gulf
Coast oil and gas properties of $23 million, 30% higher than 2005.
-- Increased pro-forma operating margin of $11 million, 69% higher than
2005 (Non-GAAP; see reconciliation below).
-- Decreased general and administrative expenses 19% to $5.6 million in
2006 compared to $7.0 million in 2005.
-- Repurchased 4.4 million common shares in 2006 reducing its shares
outstanding.
As previously disclosed, Harken deconsolidated the financial operations of Global Energy Development PLC ("Global") during the second quarter of 2006. Harken was required to reflect this deconsolidation prospectively. As a result of this treatment, Global's operations for the quarter ended March 31, 2006 are still included in Harken's consolidated financial statements at December 31, 2006.
Harken included pro forma results in its Annual Report on Form 10-K including an unaudited pro forma combined condensed balance sheet at December 31, 2005 along with the unaudited pro forma combined condensed statement of operations for the years ended December 31, 2004 and 2005 giving effect to the deconsolidation of Global's operations as if it had been effective for all periods presented. The combined condensed balance sheet at December 31, 2006 is presented as reported. The unaudited pro forma data is presented for illustrative purposes only and is not necessarily indicative of future operating results: (in thousands except for share and per share amounts)
Year Months Ended
December 31,
---------------------------------------------
2004 2005 2006
------------- ------------- -------------
Pro-Forma Pro-Forma Pro-Forma
(unaudited) (unaudited) (unaudited)
(restated) (restated)
Total Revenues and Other $ 18,840 $ 18,862 $ 25,170
Oil and Gas Operating
Expenses $ 5,382 $ 5,288 $ 8,332
General and Administrative
Expenses $ 6,562 $ 6,950 $ 5,649
Operating Margin (Non-GAAP;
see reconciliation below) $ 6,896 $ 6,624 $ 11,189
Depreciation, Depletion, and
Amortization $ 7,254 $ 5,936 $ 9,134
Increase in Lyford Warrant
Liability $ 13,301 $ 12,947 $ -
Gain on Sale of Global
Shares $ - $ 27,957 $ -
Gain on Exercise of Global
Warants $ - $ 28,341 $ -
Unrealized Gain (losses) on
Global Warrants $ 11,784 $ (14,407) $ -
Loss from Discontinued
Operations, net of taxes $ (897) $ (2,817) $ (1,223)
Net Income (Loss) $ (2,441) $ 25,819 $ 257
Net Income Attributed to
Common Stock $ (2,956) $ 25,232 $ (1,132)
Basic Net Income per Common
Share $ (0.01) $ 0.12 $ (0.01)
Basic Weighted Average
Common Shares Outstanding 201,702,235 219,369,798 222,941,410
Diluted Net Income per
Common Share $ (0.01) $ 0.11 $ (0.01)
Diluted Weighted Average
Common Shares Outstanding 201,702,235 243,634,909 222,941,410
Pro-Forma Balance Sheet Summary (in thousands)
December 31,
------------------------------
2005 2006
-------------- --------------
Pro-Forma As Reported
(unaudited)
(restated)
Current Ratio (1) 3.19 to 1 3.29 to 1
Working Capital (2) $ 33,480 $ 28,962
Cash and Short-Term Investments $ 29,269 $ 30,954
Total Debt $ - $ -
Cash and Short-Term Investments less Debt $ 29,269 $ 30,954
Stockholders' Equity $ 129,715 $ 105,115
Total Liabilities to Equity $ 0.16 to 1 $ 0.19 to 1
(1) Current ratio is calculated as current assets divided by current liabilities.
(2) Working capital is the difference between current assets and current liabilities.
Operating Summary
Harken's Gulf Coast oil and gas operations consist all of its exploration, development, production and acquisition efforts in the United States. The following table sets forth its oil and gas operating results for each of the years in the three-year period ended December 31, 2006:
(Thousands of dollars, except per-unit
amounts) 2004 2005 2006
---------- ---------- ----------
Oil and Gas Revenues $ 18,015 $ 17,854 $ 23,150
---------- ---------- ----------
Net oil sold (thousands of bbls) 181 135 167
Net gas sold (thousands of mcf) 1,739 1,266 1,712
Average price of oil sold (per bbls) $ 40.06 $ 52.62 $ 64.30
Average price of gas sold (per mcf) $ 6.18 $ 8.51 $ 7.23
Average production & transportation costs
(per mcfe) $ 1.90 $ 2.55 $ 3.07
---------- ---------- ----------
Harken's natural gas revenue increased 15% to approximately $12.4 million during 2006 as compared to $10.8 million during 2005. Although natural gas volumes increased 35% from 1,266,000 Mcf for 2005 to 1,712,000 Mcf for 2006, the prices realized for natural gas sales fell from $8.51 per mcf to $7.23 per mcf during 2006. The volume increase was attributed to new or improved production at Allen Ranch, Lapeyrouse, Raymondville and Lake Raccourci fields following the hurricanes from the prior year.
Harken's oil revenues increased 52% to approximately $10.8 million during 2006 from approximately $7.1 million during 2005. After fully recovering to pre-storm levels following the hurricanes of 2005, Harken experienced a 24% increase in oil production during 2006 compared to the prior year. Harken also realized an increase in oil prices received of 22% which averaged $64.30 per barrel in 2006 compared to $52.62 per barrel in the prior year.
Harken's oil and gas operating expense increased 58% to approximately $8.3 million during 2006 compared to approximately $5.3 million during 2005 primarily due to increases in the cost of insurance, continuing repair costs related to storms of 2005, demand-driven price increases for oilfield services and equipment associated with increased oilfield activity (particularly in offshore Louisiana), as well as remedial workovers performed in the normal course of business.
NON-GAAP FINANCIAL MEASURE
Reconciliation of Operating Margin to Net Income (Loss) (in thousands)
Year Ended
December 31,
-------------------------------
2005 2006
-------------- --------------
Pro-Forma Pro-Forma
(unaudited) (unaudited)
Net Income - GAAP $ 25,819 $ 257
Depreciation, Depletion, and Amortization 5,936 9,134
Increase in Lyford Warrant Liability 12,947 -
Accretion Expense 343 420
Interest Expense and Other, net 638 155
Gain on Sale of Global Shares (27,957) -
Gain on Exercise of Global Warrants (28,341) -
Unrealized Gain on Global Warrants 14,407 -
Income Tax Expense 15 -
Loss from Discontinued Operations, net of
taxes 2,817 1,223
-------------- --------------
Operating Margin $ 6,624 $ 11,189
============== ==============
Management believes the presentation of this non-GAAP financial measure, in connection with the results for the year ended December 31, 2006, provides useful information to investors regarding Harken's results of operations. Management also believes that this non-GAAP financial measure provides a picture of Harken's results that is comparable among reporting periods and provides factors that influenced performance during the period under the report. This non-GAAP financial measure should be considered in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP.
Harken Energy Corporation is engaged in oil and gas exploration, development and production operations both domestically and internationally through its various subsidiaries and shareholdings. Additional information may be found at the Harken Energy Web site, www.harkenenergy.com. Please e-mail all investor inquiries to HECinquiries@ctapr.com.
Certain statements in this announcement, such as "strives for", "favorable investment returns" as well as other similar statements and inferences derived there from may be regarded as "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management's current view and plans, however, are subject to numerous known and unknown risks, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Harken to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. The various uncertainties, variables, and other risks include those discussed in detail in the Company's SEC filings, including the Annual Report on Form 10-K filed on February 28, 2007. Harken undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.
Contact:
Please e-mail all investor inquiries to:
Harken Energy Corporation
Email Contact
http://www.harkenenergy.com
--------------------------------------------------------------------------------
Source: Harken Energy Corporation
UNOFF - (Uranium related) UNOR Establishes JV with Cameco for Baffin Island Uranium Exploration
Wednesday February 28, 5:36 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Feb 28, 2007 -- UNOR Inc. (CDNX:UNI.V - News)(Other OTC:UNOFF.PK - News) announced today that it has entered into a letter agreement with Cameco Corporation to establish a joint venture to explore for uranium on 27 Prospecting Permits currently held by Cameco covering 1,588,000 acres on Baffin Island, Nunavut, Canada. With its Nunavut uranium focus and expertise, UNOR now has 2,743,000 acres under uranium exploration within the territory.
The joint venture agreement includes the following provisions:
- The formation of a management committee comprised of two representatives from each party.
- UNOR will be the operator of the joint venture.
- The operator will be subject to the general control and direction of the Joint Technical Committee established pursuant to the Strategic Alliance Agreement dated June 19, 2006 between the parties.
- The initial participating interest of the parties will be Cameco 51% and UNOR 49%. Cameco has the right, exercisable within 90 days after the joint venture has either operated for four years or incurred $6.0 million of expenditures on the property, to increase its interest in the joint venture to 65% and reduce UNOR's interest to 35% by committing to incur an additional $6.0 million on exploration and development of the property during a two-year period following the date on which Cameco makes such election.
UNOR Inc. with its head office in Toronto, Ontario is a uranium exploration and development company with its principal mineral properties in Nunavut. UNOR's shares trade on the TSX Venture Exchange and Over-The-Counter in the United States.
Cameco, with its head office in Saskatoon, Saskatchewan, is the world's largest uranium producer. The company's uranium products are used to generate electricity in nuclear plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.
To view the accompanying map, please click the link below:
http://www.ccnmatthews.com/docs/uni0228.pdf
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS RELEASE
Contact:
Contacts:
UNOR Inc.
George P. Bell
President & CEO
(416) 368-0114
UNOR Inc.
David Bent
Vice President Exploration
(416) 368-0114
Website: http://www.unorinc.com
--------------------------------------------------------------------------------
Source: UNOR Inc.
CCIX - Coleman Cable, Inc.'s Registration Statement Has Been Declared Effective by the SEC; Shares Will Begin Trading on NASDAQ Under the Symbol 'CCIX'
Wednesday February 28, 5:51 pm ET
WAUKEGAN, Ill., Feb. 28 /PRNewswire/ -- Coleman Cable, Inc. ("Coleman" or the "Company") announced today that its registration statement on Form S-1, which registers for resale from time to time by the selling shareholders named therein 8,400,000 shares of common stock sold by the Company in a private placement in October 2006 and all of Coleman's other outstanding shares of common stock, has been declared effective by the U.S. Securities and Exchange Commission. The registration statement covers resales from time to time of up to 16,786,895 shares of Coleman's common stock, which are all the shares of common stock currently issued and outstanding.
The shares of Coleman's common stock covered by the registration statement have been approved for listing on The NASDAQ Global Market, under the symbol "CCIX." NASDAQ will begin quoting bid and ask prices for Coleman's shares as trades occur on March 1, 2007.
A copy of the prospectus that is part of the registration statement may be obtained from the SEC via http://www.sec.gov or by sending a written request to Deborah A. Solie, Assistant to the Chief Executive Officer, Coleman Cable, Inc., 1530 Shields Drive, Waukegan, IL 60085.
Coleman's transfer agent is American Stock Transfer & Trust Company ("AST"). Any transfers of shares pursuant to sales under the registration statement on Form S-1 should be coordinated through Susan Silber at American Stock Transfer & Trust Company, 6201 15th Avenue, Brooklyn, NY 11219, phone number (718) 921-8217.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Coleman Cable, Inc. is a leading manufacturer and innovator of electrical and electronic wire and cable products for the security, sound, telecommunications, electrical, commercial, industrial, and automotive industries. With extensive design and production capabilities and a long- standing dedication to customer service, Coleman Cable, Inc. is the preferred choice of cable and wire users throughout the world. The company is located at 1530 Shields Drive, Waukegan, IL 60085. Visit our website at http://www.colemancable.com .
CCIX-G
--------------------------------------------------------------------------------
Source: Coleman Cable, Inc.
RYQG - (Uranium related) Royal Quantum Group, Inc. Updates Shareholders on Recent Developments
Wednesday February 28, 6:23 pm ET
CALGARY, AB--(MARKET WIRE)--Feb 28, 2007 -- Royal Quantum Group, Inc. (OTC BB:RYQG.OB - News) is pleased to provide shareholders with an update on recent developments within the corporation.
Royal Quantum Group, Inc. has reached an agreement, subject to completion of final due diligence, for the acquisition of several high potential Uranium projects located in the United States. Details of the acquisition will be announced within the coming days.
"It is management's goal to continue to build a strong company focused on increasing shareholder value. Royal Quantum has chosen to diversify into the Uranium sector as a result of the global demand for alternative, green power initiatives," stated Mr. Ruskowsky, President and CEO of Royal Quantum Group.
Royal Quantum will now focus its efforts on the acquisition and development of additional mineral resource properties throughout North America as well as on an international basis. The company is also in the process of a complete website redesign to reflect the new direction of the company.
Statements released by Royal Quantum Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
Contact:
For additional information please contact:
Royal Quantum Group, Inc.
Suite # 145, 251 Midpark Blvd S.E.
Tel: 403-288-4321
Fax: 403-201-5792
--------------------------------------------------------------------------------
Source: Royal Quantum Group, Inc.
TOFS - 247MGI to be Showcased On National Radio 'Your Monies Worth'
Show to be Aired On the Beasley Broadcasting Network
FT. LAUDERDALE, Fla., Feb. 28, 2007 (PRIME NEWSWIRE) -- 247MGI Inc. ("247") (OTCBB:TOFS), 247 announced today it will be showcased on "Your Monies Worth" hosted, Mick "The Mixter" Bazsuly. Matt Dwyer 247's CEO will discuss the new business plan for the coming year. Listeners can tune in to 740AM South Florida or via the Internet at www.wsbrradio.com. The show will be aired on March 2, 2007 at 7:00 PM eastern standard time.
Matt Dwyer, 247's CEO said, "The opportunity to be interviewed on 'Your Monies Worth' coupled with Beasley Broadcasting Network's enormous national radio exposure sets a strong foundation for the launch of our company. Our business plan offers local broadcasters an immediate outlet for recording, television commercials, internet infomercials and a multitude of other programming services as well as having major media ties in South Florida sets it ahead of the pack. Our new production studio will offer broadcasters a logistic solution with its convenient location in Coral Springs Florida." He also added, "'The "Mixter' has interviewed nationally renowned sports figures as well as business guests to include Pat Riley, Don King, Shane Mosley, Sid Rosenberg and many other personalities over the years."
247MGI Inc. is a full service multi media company offering its services to both public and privately held companies. 247MGI is a one-stop media and advertising company that assists its clients by creating marketing materials utilizing technology driven media formats for the distribution of information worldwide. The company utilizes the Internet to deliver its content more efficiently and at a higher standard than its competition. 247MGI has developed and continues to create unique programs to include "LIVE" as well as streaming video content which will be delivered through the web and via satellite.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of 247MGI Inc and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release.
CONTACT: 247MGI Inc.
Matt Dwyer, Chairman and CEO
954-323-2516
mdwyer@247mgi.com
Source: PrimeNewswire (February 28, 2007 - 1:26 PM EST)
News by QuoteMedia
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TGLE - Annouces Ty Herndon's New CD "Right About Now" Has Now Shipped Over 40,000 Units
MIAMI, FL -- (MARKET WIRE) -- 02/28/07 -- Titan Pyramid Records, a division of Titan Global Entertainment (PINKSHEETS: TGLE), distributed by Universal Music Group, proudly announces that beginning January 9, 2007 Ty Herndon's newly completed album "Right About Now" was released for retail distribution and during its first month orders for this new release were over 40,000 units. This newly released album debuted at number 21 on the Independent Artist Chart and number 41 on the Country Chart. The single release is being aired on the majority of country radio stations within the U.S. and the album is available in every major retail outlet including, FYE's, Wal-Mart, Target, Best Buy, Juke Box distributors and family owned stores; totaling more than 25,000 outlets of distribution.
In a rare move, Fontana Distribution placed a full page announcement in its April 3rd sales book highlighting the early success of Ty Herndon's highly acclaimed new album. Sound Scan reported almost 7,000 units during this first month release. The announcement also reminds buyers that Herndon's catalog has scanned over 1.2 million albums and that he will be touring from now until Oct. 6th across the country.
"This kind of support from a distributor is extremely rare and is a great forecast for this album's success," stated Michael Manocchio, CEO of the newly created e-Go Music Business Unit of Titan Global Entertainment, Inc.
"Music is my life and my passion -- to be a part of the Titan Global Entertainment family -- a multi-faceted team that understands, appreciates and supports my endeavor is a great blessing to me. I am excited about our first week of sales and feel the energy that my team is putting forth. I look forward to a great future with Titan / Pyramid Records," stated Ty Herndon.
Titan Global Entertainment, Inc. is a multi-faceted entertainment company that specializes in media distribution through its state of the art web portal -- www.ecomm3.com and traditional record production and marketing through Universal Music Group distribution, television, publishing and artist management. Titan is dedicated to supplying new emerging technologies for music to talented artists of various backgrounds on the worldwide web.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Titan Global Entertainment, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
Press Contact:
Christine Shaw
Gordet & Schmidt
305.438.2609
www.ecomm3.com
SURG might surge imo
AMIV - AmeriVestors' Justice by the People, Inc. Introduces Next Fifteen Uncontested Legal Documents Available to the Public
AmeriVestors, Inc.’s (Pink Sheets:AMIV) wholly-owned subsidiary – Justice by the People, Inc., is pleased to introduce its next set of fifteen uncontested legal documents to its customers and future franchisees. These legal documents are available to meet cost-conscious customer’s needs that do not require an attorney or the costly fees associated with their preparation.
The uncontested legal document preparation services are readily available to customers in the Houston, Texas area. The following uncontested legal documents have been incorporated into the company’s proprietary software.
Divorce Civil Lawsuit
Citizenship Green Card
Homestead Power of Attorney
Residential Lease Emancipation of Minor
Living Trust Small Claims
Joint Trust Probate
Trademarks Visa
Non-Profit Corporation
Justice by the People, Inc. will incorporate the above documents along with future documents in its proprietary software for franchisees. The completed proprietary software will constitute a standard for the industry and a turnkey operation for franchisees.
About Justice by the People, Inc.
Justice by the People, Inc., a wholly owned subsidiary of AmeriVestors, Inc., serves the burgeoning number of consumers that wish to save hundreds, even thousands of dollars, in their simple, uncontested legal matters. The US legal industry is a $184 billion sector. The company offers approximately 80 legal documents for uncontested legal issues such as uncontested divorce, living trusts, incorporation, etc. The company has designed a model to create a national franchise chain providing high quality, accurate and affordable legal document preparation services for simple, uncontested legal matters. Justice by the People does not offer legal advice in the preparation of its clients’ uncontested legal documents.
For more information please visit www.amerivestors.com or www.justicebythepeople.net.
"Safe Harbor" Statement: Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital.
For AmeriVestors, Inc., Houston
The Catalyst Group, Inc.
Lauren Falato, 727-796-2555
Source: Business Wire (February 28, 2007 - 9:01 AM EST)
News by QuoteMedia
www.quotemedia
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Y/W Vera
add MRDY from Ameritrade (gee think they let MMs short it?
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(after a few nasty remarks from some about adding a ticker
I will just start deleting the post instead of countless pms explaining wazup.)
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SURG - Court Rules Synergetics' Current Connector Design Does Not Infringe Iridex Patent
Wednesday February 28, 8:23 am ET
O'FALLON, Mo.--(BUSINESS WIRE)--Synergetics provides the following update to its shareholders on the status of the pending Iridex (NASDAQ: IRIX - News) patent infringement lawsuit, Synergetics USA, Inc. (NASDAQ: SURG - News).
In mid-2006, Synergetics switched to a new and current connector design based on infringement arguments made by Iridex. The Court issued an order today that has cleared Synergetics' current connector design. This ruling is significant in two respects. It caps Synergetics' potential liability to sales primarily predating mid-2006 and it allows Synergetics to continue selling probes and related products for use on Iridex lasers with the new connector system without threat of infringement under the Court's order.
The Court has also ruled that Synergetics' old product design infringes some claims of the Iridex patent, but not all. Thus, the broad issue remaining in the case is whether Iridex is entitled to any damages for the use of the old connector design. Synergetics still has what it believes to be substantial defenses to the damage claim, including defenses which would preclude Iridex from obtaining any damages or which would at least drastically reduce the amount of damages that Iridex could obtain.
These defenses include "laches" and "estoppel." Under laches, Iridex could only obtain damages from between the time the lawsuit was filed in October 2005 on, but only for sales with the old connector design. Under estoppel, Iridex would be precluded from obtaining any damages. Synergetics believes that the Court's ruling as to the new connector design further strengthens its position under the doctrines of laches and estoppel because had Iridex brought its suit in 1999 or in the early 2000 timeframe, Synergetics could have switched to its current connector design back then and avoided further potential liability. The Court has already ruled that a trial must be held on the laches and estoppel issues because facts are in dispute.
Synergetics also seeks to correct what it believes are several inaccuracies contained in the Iridex announcement relating to the Court's rulings of February 27, 2007. Nothing in the Court's rulings make the prospect of an injunction more likely to be granted as Iridex claimed in its release. In fact, the opposite is true. There is no chance under the Court's order that Synergetics could be enjoined from using its current connector system. Thus, Synergetics will be able to continue to sell its product lines with the current connector system moving forward. The vast majority of Synergetics' current laser probe sales utilize the current connector system. Likewise, the Court's ruling can only potentially affect one aspect of Synergetics' new motion for an antitrust counterclaim, but has no effect on that portion of the claim that relates to laches and estoppel fraud. Iridex has also misrepresented in its announcement that the issues of laches and estoppel may not be heard at trial. Those issues will indeed be heard and resolved at trial. (Case Number 4:05-cv-01916-CDP, Document #247 in the pleadings and #282 on the website.)
Synergetics also disagrees with Iridex's statement that it is more likely to prevail on the issue of treble damages for willful infringement. Synergetics obtained a competent opinion of counsel prior to selling its old connector product in 1999 and still believes that the non-infringement opinion is valid. Iridex has internal emails that confirm that even it did not think that Synergetics' old connector design infringed. The fact that Iridex knew about Synergetics' old connector design but did not sue for over six years underscores that Iridex had serious doubts about its infringement claim. Given how hard fought these issues have been, Synergetics believes it highly unlikely that it could be found a willful infringer or that damages would be increased given the circumstances of this case.
Finally, the Court has not ruled on the summary judgment briefing that encompasses the issue of invalidity. The invalidity issues also offer another potential complete defense to Iridex's claim for damages. The primary basis of Synergetics' invalidity defense rests on a pre-existing patent owned by a competitor that shows the essential features of Iridex's patent claims, namely the use of a resistor to encode attached instruments to the laser.
"Overall, I am pleased with today's developments," said Gregg D. Scheller, President and Chief Executive Officer. "The Judge's ruling that our current connector system does not infringe, either literally or under the doctrine of equivalents, ensures our continued presence in the marketplace without interference from Iridex. Any suggestion by Iridex that our current connector is a commercial failure is blatantly false. Tens of thousands of these connectors have been profitably sold into the marketplace. Our revenue numbers have not decreased. We continue to sell this product successfully and are now unencumbered into the future."
Mr. Scheller continued, "Synergetics may or may not appear before the jury as an 'adjudicated infringer.' There remains an issue of patent validity in front of the court. If we do appear as such, our strong defenses of laches and estoppel remain. The Judge recently ruled against both parties on summary judgment on laches and estoppel and directed this issue to trial."
"Synergetics views the Court's ruling as a significant victory," said Rudy Telscher, the Company's intellectual property attorney with Harness, Dickey and Pierce. "The Court's ruling removes any chance of an injunction against the sale of Synergetics probes and related products moving forward and limits any claim by Iridex for damages to products sold using the old connector design, subject only of course to either party's rights to appeal the decision. Synergetics still has substantial defenses to any damage claims and believes that it will either be liable to Iridex for no damages or damages far below what Iridex seeks. Synergetics claims against Iridex are still in the case and Synergetics believes that it will still obtain damages against Iridex for false advertising, defamation, and injurious falsehood. Synergetics also still has antitrust claims pending before the court as well, at least a portion of which is not affected by the Court's ruling."
About Synergetics USA, Inc.
Synergetics USA, Inc. resulted from the September 2005 combination of Valley Forge Scientific Corp. and Synergetics, Inc., bringing together their respective unique capabilities in bipolar electrosurgical generators and design, and manufacture of microsurgical hand instruments. Synergetics USA, Inc. designs, manufactures and markets medical devices for use primarily in ophthalmic surgery and neurosurgery and for other healthcare applications. Its products are designed and manufactured to support micro or minimally invasive surgical procedures. In addition to its surgical devices and equipment, it designs and manufactures disposable and non-disposable supplies and accessories for use with such devices and equipment. It also manufactures and sells bipolar electrosurgical generators and other generators, based on its DualWave(TM) technology, and complementary instrumentation and disposable products for use in neurosurgery, spine surgery, pain control and in dental applications. Synergetics sells its products primarily to hospitals, clinics and surgeons in approximately 70 countries.
Forward-Looking Statements
Some statements in this release may be "forward-looking statements" for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important facts that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These facts, risks and uncertainties are discussed in our Annual Report on Form 10-K for the year ended July 31, 2006, as updated from time to time in our filings with the Securities and Exchange Commission.
Contact:
Synergetics USA, Inc.
Pamela G. Boone, 636-939-5100
Executive Vice President & CFO
http://www.synergeticsusa.com
--------------------------------------------------------------------------------
Source: Synergetics USA, Inc.
ESMC - Escalon(R) to Receive $9.6 Million in Settlement Agreement With IntraLase Corp.
Wednesday February 28, 8:30 am ET
WAYNE, Pa., Feb. 28 /PRNewswire-FirstCall/ -- Escalon Medical Corp. (Nasdaq: ESMC - News) today announced that it has entered into an agreement with IntraLase Corp. (Nasdaq: ILSE - News) to settle all outstanding disputes and litigation between the parties.
Under the settlement agreement, IntraLase will make a lump sum payment to Escalon of $9.6 million, in exchange for which all pending litigation between the parties will be dismissed, the parties will exchange general releases, full ownership of all patents and intellectual property formerly licensed to IntraLase from Escalon will be obtained by IntraLase, and all obligations under the parties' license agreement will terminate. In addition, the payment from IntraLase satisfies all outstanding past, current and future royalties owed or alleged to be owed by IntraLase to Escalon.
"We are pleased to have settled this dispute and, through the terms of the agreement, we've enhanced the value of our business by strengthening our balance sheet and providing additional liquidity that solidifies our current portfolio of businesses," said Richard J. DePiano, Chairman and CEO of Escalon. "We believe the $9.6 million payment will enhance our ability to strategically expand our businesses and also provide the means to selectively pursue opportunities for synergistic growth."
The settlement is expected to have a material effect on Escalon's third quarter financial statements because the entire $9.6 million will be recorded as a gain on sale in the current period. The settlement also marks the end of any future royalty payments to be received under the License Agreement which is expected to have a material effect on earnings in subsequent periods. This effect will be partially offset by the elimination of legal fees related to this matter.
Founded in 1987, Escalon develops markets and distributes ophthalmic diagnostic, surgical and pharmaceutical products as well as vascular access devices. Drew, which operates as a separate business unit, provides instrumentation and consumables for the diagnosis and monitoring of medical disorders in the areas of diabetes, cardiovascular diseases and hematology, as well as veterinary hematology and blood chemistry. The Company seeks to utilize strategic partnerships to help finance its development programs and is also seeking acquisitions to further diversify its product line to achieve critical mass in sales and take better advantage of Escalon's distribution capabilities. Escalon has headquarters in Wayne, Pennsylvania and manufacturing operations in Long Island, New York, New Berlin, Wisconsin, Dallas, Texas, Oxford, Connecticut and Barrow-in-Furness, U.K.
Note: This press release contains statements that are considered forward- looking under the Private Securities Litigation Reform Act of 1995, including statements about the Company's future prospects. They are based on the Company's current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include whether the Company is able to implement its growth and marketing strategies, improve upon the operations of the Company's business units, including the integration of Drew's and MRP's operations and any acquisitions it may undertake, if any, of which there can be no assurance, implement cost reductions, generate cash and identify, finance and enter into business relationships and acquisitions, uncertainties and risks related to new product development, commercialization, manufacturing and market acceptance of new products, marketing acceptance of existing products in new markets, the continuity of royalty revenue, litigation and non-recurring expenses, research and development activities, including failure to demonstrate clinical efficacy, delays by regulatory authorities, scientific and technical advances by Escalon or third parties, introduction of competitive products, third party reimbursement and physician training as well as general economic conditions. Further information about these and other relevant risks and uncertainties may be found in the Company's report on Form 10- K, and its other filings with the Securities and Exchange Commission, all of which are available from the Commission as well as other sources.
--------------------------------------------------------------------------------
Source: Escalon Medical Corp.
PGPM - Pilgrim Petroleum Announces: Strategic Fit with General Energy Leads to Attractive Competitive Advantage
Wednesday February 28, 2:30 am ET
IRVING, Texas--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (PINK SHEETS: PGPM - News; FWB: PHV) is pleased to announce the benefits of the strategic fit relationship with General Energy Corporation. The recently signed Letter of Intent to purchase 80% of Pilgrim's working interest's highlights opportunities for cost sharing, skill transfer and enhanced corporate performance. General Energy, a Texas Railroad Commission fully-bonded operator, has been working and supporting Pilgrim Petroleum to comply with RRC's regulations and to re-establish oil production on inactive leases. Since 2006, both companies have been building a great and successful business relationship. General Energy's intent to purchase Pilgrim's working interest in its North Texas positions will contribute by opening up new acquisitions objectives, exposure to private equity and by begining the first phase of an exploration and drilling program among other things.
Financial Highlight
Based on the total price of the transaction, $41,640,000. At the end of the transaction, Pilgrim will record a gain on sales of $35,230,800 in retained earnings after deductions on asset investments and deferred income taxes. Likewise, Pilgrim will maintain its "free of Debt" condition, while sharing the costs and risks of its exploration program.
Operational Level Highlight
General Energy's access to high quality rigs and low cost technical resource expertise will contribute by maximizing savings and boosting the expected timing of drilling and completion in Pilgrim's lease positions. The first phase of the North Texas Drilling Program is expected to access over $102,370,000 in probable reserves and over 1.8 million barrels of oil potentially recoverable and economic. Mapping and 3D seismic surveys on Pilgrim's two largest positions are expected to commence by the end of March 2007.
Pilgrim's Chief Executive, Rafael Pinedo, commented, "The year 2006 was an excellent year for Pilgrim in terms of production levels by reactivating its shut-in wells and building up acreage acquisitions. This year, General Energy and Pilgrim`s combined resources will boost growth and shareholder value to the next level."
About Pilgrim Petroleum Corporation.
Pilgrim Petroleum Corporation (PINK SHEETS: PGPM - News; FWB:PHV) is an independent oil and gas company based in Irving, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primarily on marginal fields. Once acquired, the company intends to redevelop each property in order to maximize the income from each property by refurbishing and improving the existing production. Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
Contact:
Pilgrim Petroleum Corporation,
Irving
Eddie Monet, 619-864-0166
www.apetroleum.com
--------------------------------------------------------------------------------
Source: Pilgrim Petroleum Corporation
RHWA should be added to repeat offenders list if its not already, AXGI, VIVI few more before axgi I think also.
Well ameritrade used to own a huge position in Knight (NITE), but I think they sold some to invest in thier new buddies
SBSH, CITIGROUP GLOBAL MARKETS INC.
Sad and shaking my head.
FTSE falls further as sell-off continues
Wednesday February 28, 4:00 am ET
By Michael Hunter
London's three heavyweight sectors continued to take a battering as the FTSE 100 index fell further on Wednesday, as global losses continued to undermine the market.
The FTSE 100 started the session 1.1 per cent weaker at 6,218.1, with mining stocks, banks and oil heavyweights all making losses after Asian and US indices fell overnight. The decline wiped out the gains made by London's senior index since the start of 2007.
The Dow Jones Industrial Average closed 3.3 per cent weaker at 12,216.2, on worries about the US subprime mortgage market combined with a warning about a possible recession from Alan Greeenspan, former chairman of the Federal Reserve, reverberated around dealing rooms.
The sharp downturn in global economic sentiment, sparked by steep losses on Chinese equities markets leading to fears of an over-optimistic outlook for growth there, once more put the London-listed mining sector at the vanguard of the losses. Xstrata fell 3.7 per cent to £23.88 with BHP Billiton (NYSE:BHP) 3.2 per cent lower at £10.17. Antofagasta lost 3 per cent to 459.5p and Kazakhmys lost 3 per cent to £11.03.
Fears for over-stated Chinese demand also hit the oil majors. Crude prices lost around 1 per cent to below the $61 a barrel mark. BP fell 1.7 per cent to 526p and Royal Dutch Shell lost 0.7 per cent to £16.83.
Man Group, the world's largest listed hedge fund, fell in line with the wider sell-off. The company was 3.6 per cent lower at 535½p.
Banks were sharply lower, led by HBOS after it reported annual profit in line with forecasts but warned of increased margin pressure in the coming months. The owner of the Halifax chain fell 4.3 per cent to £10.83. In the wider sector, Barclays (NYSE:BCS) lost 2.7 per cent to 747.6p, Northern Rock fell 2 per cent to £11.33 and Royal Bank of Scotland was 1.7 per cent lower at £20.30.
The sharp losses on Asian markets had a more pronounced effect on Standard Chartered, the UK bank focused on emerging markets. It fell 4.3 per cent to £13.68.
Amvescap, the fund manager highly exposed to US markets, fell 2 per cent to 595p
No haven't seen it, did see a bumber sticker that said
my Vizslas is smarter than your honor student...lol
thanx...and the pup had found a liking to my rubber plant, nothing a spray bottle with water did not stop. He is 7 months and will be going to school soon. Lola helps keep him in line for now...lol
and all 3 of us do watch the dog whisperer
lol...yep dogs are after those apples too, thnx
My doggies...
they are Vizslas
http://www.investorshub.com/boards/read_msg.asp?message_id=17361357
Just a friendly reminder...Before posting a pr...
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Thanks, Art, cintrix and Rager
wow surprised SBSH trying to kill SPRL...N O T
BPYT - Bioponic Phytoceuticals Announces European Union (EU) Distribution of its Flight Spray(R) Products with King Events Int'l
Tuesday February 27, 8:49 am ET
KULA, Hawaii, Feb. 27 /PRNewswire-FirstCall/ -- Bioponic Phytoceuticals, Inc. ("Bioponic" or "the Company") (OTC: BPYT - News) today announced European Union (EU) distribution of its Flight Spray product with an exclusive agreement signed with King Events International (KEI.scrl) of Brussels, Belgium.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070227/NYTU010 )
Flight Spray® is the first nasal hydration product designed for airline travelers. Used to moisten the nasal passages and alleviate nasal dryness, Flight Spray supports health and well-being. This natural nasal spray is formulated by combining two of the most effective herbal ingredients (Turmeric root and Spearmint) used in the treatment of nasal ailments. Effective at the first signs of nasal dryness, Flight Spray can be used while traveling, in a crowd, or any time natural nasal relief is desired.
King Events International (KEI.scrl) (http://www.kingevents.be) is a Brussels, Belgium based provider of specialized marketing services to the European Union. KEI.scrl is a support marketing company with expertise in sales support, incentives and reward actions, seminars, symposiums and events, worldwide. "Our professionalism and worldwide experience assists in every stage of a project development to make a marketing success, including product launches." KEO.scrl will provide marketing and product distribution services for the introduction of Flight Spray into the EU.
"Bioponic's Flight Spray fits in well with KEI.scrl's travel specialty and product marketing business. We are excited to introduce Flight Spray to European customers, expanding its availability into the substantial European Union market," said Steven M. Schorr, Chairman & CEO -- Bioponic Phytoceuticals, Inc.
Bioponic Phytoceuticals is engaged in the development, production and distribution of Bioresonant Phytotherapeutic(TM) products (a new healing modality) for sale in the Complementary Alternative Medicine ("CAM") and natural products markets. The Company has developed several branded product lines in distribution (including the nationally recognized natural nasal spray: Flight Spray, http://www.flightspray.com). Bioponic is focused on the production of natural products that are used to promote health and well-being. http://www.bioponic.com Contact: Steven M. Schorr/ CEO, Bioponic Phytoceuticals, info@bioponic.com, ph: 808-876-1711
All statements other than statements of historical fact included in this press release are "forward-looking statements" within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, some of which are beyond the Company's control that could cause actual results or events to differ materially from current expectations.
--------------------------------------------------------------------------------
Source: Bioponic Phytoceuticals, Inc.
SPRL, gapping...nibbled some yesterday fwiw
NPLA - InPlay Technologies Receives Court Approval of $7.5 Million Claim in Delphi Bankruptcy
Tuesday February 27, 9:10 am ET
PHOENIX--(BUSINESS WIRE)--InPlay Technologies® (NASDAQ:NPLA - News), a developer and marketer of innovative, emerging technologies, today announced that it received bankruptcy court approval of the settlement agreement between InPlay Technologies and Delphi Corp. under which InPlay Technologies has been granted an allowed general unsecured claim against Delphi Automotive Systems LLC in the amount of $7.5 million.
"We are pleased to have reached this agreement with Delphi," said Bob Brilon, CEO, InPlay Technologies. "With the claim stipulated, it becomes more marketable to firms purchasing Delphi debt. We anticipate pursuing opportunities to monetize the claim, which will strengthen our balance sheet and allow us to focus our attention on our growing MagicPoint® and Duraswitch® business opportunities."
InPlay's claim stems from an agreement signed between Duraswitch and Delphi in 2000. Delphi paid a non-refundable payment of $4 million and committed $12 million minimum royalties to Duraswitch through 2007 for exclusive rights to use Duraswitch technologies in the automotive industry. Delphi had paid $3 million of that $12 million commitment to InPlay, with an additional $3 million due in July 2006 and $6 million in July 2007. As part of its bankruptcy filing in October 2005, Delphi filed a motion seeking rejection of this agreement under relevant bankruptcy law. The Court allowed the rejection subject to InPlay's right to claim damages for the breach of the agreement. InPlay subsequently filed a damages claim for the remaining $9 million in minimum royalties.
About InPlay Technologies
InPlay Technologies develops, markets and licenses proprietary emerging technologies. Working with its licensees and OEM customers, InPlay offers technology solutions that enable innovative designs and improved functionality for electronic products. The company's MagicPoint® technology is the only digital-based pen-input solution for the rapidly growing tablet PC and mobile computing markets. Its Duraswitch® brand of electronic switch technologies couples the friendly tactile feedback of mechanical pushbuttons and rotary dials with the highly reliable, thin profile of membrane switches, making it ideal in a wide range of commercial and industrial applications. InPlay is focused on further commercializing these technologies and seeking additional innovative technologies to enhance its portfolio. Visit www.inplaytechnologies.com for more information.
This news release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements regarding our ability to monetize the claim through the sale to a third party. Risks and uncertainties that could cause results to differ materially from those projected include our ability to obtain a favorable price for our claim and other uncertainties described from time to time in our documents filed with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the year ended December 31, 2005 as filed with the Securities and Exchange Commission on March 17, 2006. These forward-looking statements represent our beliefs as of the date of this press release and we disclaim any intent or obligation to update these forward-looking statements.
Contact:
InPlay Technologies
Heather Beshears
Vice President, Corporate Communications
480-586-3357
Heather@InPlayTechnologies.com
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Source: InPlay Technologies
BSRC - BioSolar Begins Trading Under Symbol BSRC
Tuesday February 27, 9:05 am ET
SANTA CLARITA, CA--(MARKET WIRE)--Feb 27, 2007 -- BioSolar, Inc. (OTC BB:BSRC.OB - News), developer of a breakthrough technology to produce thin film, flexible solar cells on bio-based plastic substrates, today announced that the company's shares have been approved for trading on the NASD's Over-the-Counter Bulletin Board market under the symbol BSRC.
"We are very excited to go forth under our new trading symbol, BSRC," said David Lee, the Company's President and CEO. "Current shareholders and potential new investors can use the symbol to obtain our current trading and financial information, as well as getting news about our company's developments and accomplishments. We are very excited about our business. We believe that global demand for Photovoltaics is mushrooming. We believe that producing the solar cells on substrates made from bio-based plastics will make this technology even more environmentally friendly, while still being good business. We believe we have the right combination of characteristics to develop a rapidly growing company for our shareholders."
About BioSolar, Inc.
BioSolar, Inc. is developing a breakthrough technology to produce thin film, flexible solar cells on bio-based plastic substrates (patent pending). We believe that renewable energy sources, such as solar, are likely to play a major role in satisfying the global thirst for energy. The emerging market for thin film, flexible solar cells includes building materials, outdoor power, emergency power, mobile computer and communications and other sectors. To learn more about BioSolar, please visit our website at http://www.biosolar.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Contact:
Contact:
BioSolar, Inc.
David Lee
(661) 251-0001
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Source: BioSolar, Inc.
Thanx, believe I do enjoy them, smart little critters.
Thats the beauty of it, they don't shed and
I only have to feed em a cup of food between them each week. lol
actually the pup is 7 months and eats like a horse,
he is already way bigger than Lola who is over 2 years old.
Meet my babies..
getting a few pics online finally
here they are on watch...if ya notice between em
outside there is a pigeon that visits, its golden..wierd
this is Lola close up
she is in charge.
the dog breed is from Hungary, but
this is why I say they are from Mars
This is a close up of George
his registered name is the magnificent king George the great
(lol) I just think of him as curious George
he has allergies so he looks a lil dif then norm.
too late...we know where u live.
ur bad alright wait till trix gets ahold of you.
hey u be careful how u talk bout my sis, that is not to whom he referred, lol