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BSKT (.19) BSK & TECH Announces Initial $1.8M 3-D Chip Order With LCD Panel Supplier KDC
Monday, June 23 2008 12:34 AM, EST
Business Wire "US Press Releases "
LAS VEGAS --(BUSINESS WIRE)--
BSK and Technologies (OTC:BSKT) announced today that the company has received an initial purchase order for its stereoscopic 3-D chips from Korean Digital Communications Corp (KDC) for cell phones.
The initial contract from KDC will supply Boda Electronics with 600,000 3D chips for the LCD panels wherein the proprietary 3D chips are integrated for applications on mobile phones. The initial 600,000 chip order represents apx. $1.8 M and will deliver 15,000 chips forthwith. These stereoscopic 3-D chips are priced at $5 however in larger runs average apx. $3 per chip.
In addition to the KDC initial purchase order, sales orders of around 2 million units are anticipated in the near term from other companies requiring the stereoscopic 3D image processing chips. The subsequent orders would bring total sales estimated to be $6 million (US) in this very early stage of marketing and initial introduction to the market this quarter.
The advanced construction of the 3D chips is a breakthrough in modern technology and future prospects from related industry companies are increasingly likely. The 3-D chip set market is only one component of BSK's product line up and we invite you to see our entire product lineup on our website, www.bskntech.com.
It should be noted that the global market for various displays is significant considering the sheer number of LCD displays used in cell phones, PC computers, home entertainment, laptops, PMP's etc. Each of these disparate mediums employ various forms of entertainment and other media that will benefit from the introduction of 3-D capability and display without glasses on their LCD displays.
Praotech Co. Ltd. , a wholly owned subsidiary of BSK&Tech Inc. received the purchase order. Praotech acquired the exclusive rights to the stereoscopic 3D image processing chip technology from the R&D company, Master Image Co. Ltd.
This Press Release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this Press Release, other that statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable. It can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this Press Release, including, without limitation, in conjunction with those forward-looking statements contained in this Press Release.
Source: BSK & Tech Inc.
Nope, and I missed .16
PLTG (.125) Platina Energy Group Report Total Depth on Well Number (4) in Kentucky
Monday, June 23 2008 2:46 PM, EST
Market Wire "US Press Releases "
DALLAS, TX -- (MARKET WIRE) -- 06/23/08 -- Platina Energy Group, Inc. (OTCBB: PLTG) ( FRANKFURT : O5Y) reports total depth on well number four (4) in Kentucky . The well is currently being logged and has had very good gas and oil indications during the drilling and casing phase and is expected to make for another good well.
"We estimate about 60 barrels of oil in this well that we will need to pump out before we can perforate the pipe and get a pump jack in place. The natural gas gathering line is already on site and crews are working around the clock to commercialize this well perhaps as early as later this week. Meanwhile, the rig from this well has been moved to location number five (5) and is down 1,000 feet already," stated Blair Merriam, President of Platina.
Platina also reports progress on other fronts including recent drilling activities on its Wyoming field for which news will be forthcoming.
About Platina Energy Group
Platina Energy is an environmentally responsible, fast growing E&P strategic reserve Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to German Inspired oil extraction technology. The Company continues to be aggressive in developing and acquiring new and existing producing fields.
RISK/SEC DISCLAIMER
Information contained herein contains forward-looking statements; not guarantees of future success.
The presence or recoverability for optimal/timely reserves, costs, scheduling, etc., cannot be promised. This release contains "Safe Harbor" provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties that could cause actual results to differ materially from those estimated herein.
Platina Energy believes the forward-looking statements to be based on reasonable assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; access to financing; and other risks must be understood.
Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Issuances of shares for acquisitions, settlements or services may dilute future earnings.
Oilfield leases, contain certain terms and stipulations, often developmental or financial, that may require performance by the lessee. This could result in loss of future rights and underlying assets
Contact Information:
Blair Merriam
Email Contact
www.PlatinaEnergyGroup.com
AFPC .16 X .19 -48.57% Will it go under .16 wall?
lol yup
Yup. .06 falling. Wish I grabbed .03
Printing .05 now.
I tried but didn't get a fill
KRBF .03 -68.42%
DHCC (1.89) Casinos Austria International Holding, GMBH Signs Letter of Intent With Diamondhead Casino Corporation
Monday, June 23 2008 1:25 PM, EST
PR Newswire "US Press Releases "
LARGO, Fla., June 23 /PRNewswire/ -- Diamondhead Casino Corporation (OTC Bulletin Board: DHCC) (the "Company") announced today that it had signed a non-binding Letter of Intent with Casinos Austria International Holding , GMBH, to form a joint venture partnership to develop, build and operate a destination casino resort in Diamondhead, Mississippi .
The joint venture would cover fifty acres within a 404-acre tract of land owned by Mississippi Gaming Corporation , a wholly-owned subsidiary of the Company. The Diamondhead tract fronts Interstate 10 for approximately two miles and the Bay of St. Louis for approximately two miles and is located in Hancock County, Mississippi . The property is debt-free and lien-free. The property is zoned as a Special Use District-Waterfront Gaming District by Hancock County. On October 17, 2005 , following Hurricane Katrina, Mississippi passed legislation allowing casinos to be built up to 800 hundred feet from the mean high water line of certain bodies of water. The new law applies to the Diamondhead property.
Deborah Vitale, President, stated: "Speaking for the Board of Directors and myself, we are extremely pleased to have signed a Letter of Intent and to be working towards a partnership with Casinos Austria to develop a casino and destination resort on the Company's Diamondhead property. The Company has enjoyed a long-term relationship with Casinos Austria in prior years and knows the Company to be a quality organization with extensive gaming experience and expertise in the international gaming industry. Assuming a successful due diligence period and a subsequent definitive agreement between our two companies, this will mark the culmination of our best efforts to find the right partner with which to develop the casino project. The shareholders can also look forward to additional shareholder value from the development of the remaining acreage in years to come."
About Casinos Austria
The origins of the casino industry in Austria date back to 1934, when the first casino was opened in Baden near Vienna , closely followed by further casinos across the country. Casinos Austria today owns and operates the twelve casinos in Austria .
Following its initial success in the Austrian market, Casinos Austria was approached by the Dutch Government in 1976 and entrusted with establishing a casino industry in The Netherlands . This project was the starting point for a new success story: Casinos Austria International (CAI). Originally founded in 1977 to consolidate the company's international activities, CAI is today a leading player in the global gaming industry, having realized over 215 casino projects in more than 35 different countries, including 80 casinos on board cruise ships on all seven seas. In 2007, CAI casinos welcomed 19.9 million guests.
Worldwide, the Casinos Austria Group now operates casinos in 18 different countries as well as on board international cruise ships. Experience, integrity, respectability, financial stability and a multicultural team are all important contributing factors to CAI's continued success. The Casinos Austria Group currently employs over 13,000 people from 35 different nations around the globe. The group turnover in 2007 amounted to EUR 3.5 billion .
CAI specializes in casino expertise and thereby offers an extensive portfolio of know-how and services for all phases of casino development from evaluation and planning through to building and management. Our casino projects are considered to be "traditionally innovative" and are based on the proven sound combination of traditional values and innovative concepts.
Casinos Austria Group's future plans include continued expansion together with strengthening of its existing international presence as well as the establishment of new casinos in markets that plan to introduce legal gaming.
About Diamondhead Casino Corporation
Diamondhead Casino Corporation ("Diamondhead"), through its wholly-owned subsidiary, Mississippi Gaming Corporation , owns and intends to develop, in cooperation with a joint venture partner, approximately 404 acres of land in Diamondhead, Mississippi . The Company intends to develop the property as a destination casino resort and hotel with condominiums and other amenities.
Cautionary Statement Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 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.
All statements, trend analysis and other information contained in this release relative to the parties' performance, trends in the parties' operations or financial results, plans, expectations, estimates and beliefs, 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 Private Securities Litigation Reform Act of 1995. In connection with certain forward-looking statements contained in this release and those that may be made in the future by or on behalf of the parties, the parties note that there are various factors that could cause actual results to differ materially from those set forth in any such forward-looking statements. The forward-looking statements contained in this release were prepared by management and are qualified by, and subject to, permitting, significant business, economic, financial, competitive, environmental, regulatory and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of the parties. Accordingly, there can be no assurance that the forward-looking statements contained in this release will be realized or that actual results will not be significantly higher or lower. The forward-looking statements in this release reflect the opinion of the management as of the date of this release. Readers are hereby advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time or other factors beyond the control of the parties. The parties do not intend, however, to update the guidance provided herein prior to its next release or unless otherwise required to do so. Readers of this release should consider these facts in evaluating the information contained herein. In addition, the business and operations of the parties are subject to substantial risks, including but not limited to risks relating to liquidity and cash flows, which increase the uncertainty inherent in the forward-looking statements contained in this release. The inclusion of the forward-looking statements contained in this release should not be regarded as a representation by the parties or any other person that the forward-looking statements contained in the release will be achieved. In light of the foregoing, readers of this release are cautioned not to place undue reliance on the forward-looking statements contained herein.
Additional information concerning the potential risk factors that could affect Diamondhead Casino Corporation's future performance are described from time to time in the Diamondhead periodic reports filed with the SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
For further information, contact:
Gregory Harrison, Vice-President
Diamondhead Casino Corporation
Office: (301) 948-7354 Cell: (301) 775-3602
SOURCE Diamondhead Casino Corporation
BIHC (.01) BIH Corporation Board of Directors Holds a Strategy Meeting Over the Weekend and Determines a Course of Action
Monday, June 23 2008 1:18 PM, EST
Market Wire "US Press Releases "
WEST ORANGE, NJ -- (MARKET WIRE) -- 06/23/08 -- BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors including Mr. Cris Galo, President, held a strategy meeting this weekend regarding a previously announced offer regarding BIHC stock.
BIH Corporations Board has determined that the best course of action was to have its corporate counsel engage in dialog with the private investor/groups offer through their counsel to determine exactly what they are attempting to achieve. The objective has been identified; the unsolicited offer by the private investor/group is an interest in BIH Corporation's subsidiary Baron International , and the investors have indicated that they would like to play a role through either a large investment position or even a complete buyout.
"Regardless of whatever direction the company elects, all decisions will consider the best interest of The Company and its Shareholders as this will be paramount to any deal; negotiations are ongoing at a rapid pace and the company will update all pertinent information as it develops," said Frank Nordstrom, company spokesman.
This press release does not constitute an offer of any securities for sale. This press 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
BIH Corporation
Investor Relations
Tel: 1-866-532-5908
Fax: 1-239-437-5777
CYKN .051 -49.00%
CMPD .18 -37.93%
SLVV (.55) Silver Reserve Corp. - New President Appointed
Monday, June 23 2008 12:29 PM, EST
PR Newswire "US Press Releases "
RENO, NV , June 23 /PRNewswire-FirstCall/ - Silver Reserve Corp. is pleased to announce the appointment of Mr. Mason Douglas as President, effective June 23, 2008 . Todd Montgomery, current President and CEO, will continue in his role as CEO.
Mr. Douglas is currently a member of the Board of Directors of Silver Reserve Corp. He has both an MBA and LLB. With nearly 8 years of experience in the mining industry as a consultant, executive and director for a variety of private and public companies. Mr. Douglas offers a wealth of experience in mining and project leadership.
Mr. Montgomery welcomes Mr. Douglas "as a new member of the executive team who will bring Silver Reserve experience in strategic planning and tactical implementation as well as strong interpersonal skills that will be critical for the development and growth of the Company in the future." Mr. Montgomery added, "He has contributed positively to the Board of Directors and with the current development plans for the Company, we look forward to his contribution in his new leadership role at an operational level."
Silver Reserve is an exploration stage mining company. The Company has a portfolio of 15 silver and base metal projects in the State of Nevada , United States of America . The properties are located in the counties of Esmeralda, Mineral, Nye, Lyon , Humboldt and Elko. Silver Reserve also owns a 250 ton per day mill facility at Mina, Nevada . A year long evaluation of the projects has identified the Medicine and Silver Queen Projects as the potential for the earliest develop sizable resources. A major drill program is being planned to concentrate on these two projects.
SOURCE Silver Reserve Corp.
WNYN (.014) Warp 9 Launches Gift and Home Decor Site FarCountries.com
Monday, June 23 2008 12:30 PM, EST
PR Newswire "US Press Releases "
SANTA BARBARA, Calif ., June 23 /PRNewswire-FirstCall/ -- Warp 9, Inc. (OTC Bulletin Board: WNYN), the premier provider of robust e-commerce platforms and services, today announces that its new client, Far Countries, has launched its newly redesigned and upgraded business-to-business (B2B) e-commerce site on the Warp 9 Internet Commerce System (ICS) platform.
The most notable enhancement to the http://www.FarCountries.com site is the new, more attractive visual design. This new look features a fresher, more attractive look, navigation redesigns, and incorporates more effective merchandising techniques on the department, thumbnail and product pages that result in more sales. The new website also features several Web 2.0 features such as:
-- dynamic quick cart -- which shows item additions to the cart immediately without changing the page the user is on and providing visual feedback for meeting supplier/product purchase minimums
-- Adobe Flash based merchandising tiles that integrated with Warp 9's ICS transaction engine
In addition to the aesthetic elements, the site also features custom business rules that were required for Far Countries to ensure a more streamlined operation between their customers and their suppliers. Among them are:
-- unique custom shipping calculations per supplier
-- supplier specific minimum purchase requirements
-- product and SKU based minimum purchase requirements
-- quantity price breaks and case pack calculations
Warp 9 also implemented a custom image generation tool for all product images: Far Countries need only upload a single high quality image for each product and Warp 9's system automatically creates, crops, adds matting, and optimizes all images size variants needed for the site.
"We were looking for better ways to engage our retailer members and to promote the product selection more effectively. Warp 9's platform gave us the tools to deliver this to our retailers and our suppliers. We also had many unique needs based on our specific business process flow requirements and had many items on our want/wish list. Warp 9 was able to deliver on all the requests we threw at them and came up with time and cost saving solutions for us. We were impressed and are very pleased with the end result," stated Joyce Kesler, Far Countries' Executive Vice President. "We are looking forward to being able to use all the more advanced features and search engine optimization (SEO) benefits of the Warp 9 ICS now that we have launched."
Far Countries also had Warp 9 integrate directly with their new backend Microsoft Dynamics(TM) (Navision) order management / fulfillment / financial system. This automated interface will not only make the process more seamless and timely, but also provide more information for relevant decision making capabilities to company management.
Harinder Dhillon, Warp 9's CEO said, "We have launched several B2B retailers on our platform and FarCountries.com is a good example of the flexibility our platform has in accommodating the unique business logic that every B2B retailer has. We are confident that they will be able to continue to grow their online business significantly using the ICS platform."
Warp 9 powers some of the most successful e-commerce websites for retailers such as http://www.magellans.com, and Spiegel Brands' http://www.carabella.com, http://www.ablambdin.com and http://www.shapefx.com.
About Far Countries
Far Countries (http://www.farcountries.com) has grown to become the #1 online wholesale buying website in the gift and home decor industry. From its inception, FarCountries.com has looked at its business through the eyes of independent retailers. Today, the company's strategy is to provide the independent retailer with truly unique merchandise. These are often products available exclusively online thoroughly FarCountries.com. The company's customer care representatives get enormous numbers of accolades from retailers for handling any and all of the logistics issues that arise.
About Warp 9
Warp 9, Inc. (http://www.warp9inc.com) is the premier provider of enterprise-class e-commerce platforms and services to mid-sized businesses in the catalog and retail industry. With a proven track record and years of experience in the industry, Warp 9's comprehensive and scalable suite of software platforms and technologies for online catalogs, e-mail marketing, and interactive visual merchandising help businesses leverage the Internet to increase sales. Offered on a fully managed Software-as-a-Service model, Warp 9 products deliver unique benefits to its customers by reducing total cost of ownership, lowering upfront cost, providing faster time to market and being a one-stop-shop for all things e-commerce. Known for its outstanding customer service, Warp 9 powers some of the most successful e-commerce sites for companies like Magellan's and Spiegel.
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.
SOURCE Warp 9, Inc.
FIMA (.16) FIMA, Inc. the Victim of Unsolicited Spam Campaign
Monday, June 23 2008 12:29 PM, EST
Market Wire "US Press Releases "
HUNTINGTON BEACH, CA -- (MARKET WIRE) -- 06/23/08 -- FIMA, Inc. (PINKSHEETS: FIMA), an emerging diversified land development company, announced today that management has become aware of an apparent spam campaign underway that mentions FIMA and appears to be in violation of the CAN-SPAM Act of 2003 regulating commercial email. The Company emphatically denies any connection with these emails, and is presently taking aggressive steps to investigate the matter and discover the person or persons responsible. In addition, FIMA wishes to apologize to any individuals who have been inconvenienced by the spate of unauthorized emails, and to assure its shareholders that all reasonable steps are being taken to ensure that this matter is resolved as quickly as possible.
According to a Company spokesperson, "We want to take this opportunity to clearly state, in no uncertain terms, that we are vehemently opposed to any and all such illegal spam campaigns. We regard this pernicious practice as an unscrupulous, predatory act that abuses the trust of investors and erodes the credibility of the market itself. Such unauthorized spam emails victimize shareholders and public companies alike. It has always been our position that such illegal spamming is directly contrary to the responsible participation in the public markets, and we have never engaged in such practices. Even though we are as much a victim as any, we apologize to all those who have been inconvenienced by this campaign. We are actively investigating the source of these emails, and once those responsible are identified, will prosecute them to the fullest extent of the law."
About FIMA, Inc. :
FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico , resource exploration and development in Central and South America , and the acquisition and development of mining properties and mining rights in Central and South America . FIMA operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico , as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia . For more information, visit the Company website at: http://www.fimadevelopmentinc.com.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact:
FIMA, Inc.
714-847-2460
Email Contact
FIMA (.16) FIMA, Inc. the Victim of Unsolicited Spam Campaign
Monday, June 23 2008 12:29 PM, EST
Market Wire "US Press Releases "
HUNTINGTON BEACH, CA -- (MARKET WIRE) -- 06/23/08 -- FIMA, Inc. (PINKSHEETS: FIMA), an emerging diversified land development company, announced today that management has become aware of an apparent spam campaign underway that mentions FIMA and appears to be in violation of the CAN-SPAM Act of 2003 regulating commercial email. The Company emphatically denies any connection with these emails, and is presently taking aggressive steps to investigate the matter and discover the person or persons responsible. In addition, FIMA wishes to apologize to any individuals who have been inconvenienced by the spate of unauthorized emails, and to assure its shareholders that all reasonable steps are being taken to ensure that this matter is resolved as quickly as possible.
According to a Company spokesperson, "We want to take this opportunity to clearly state, in no uncertain terms, that we are vehemently opposed to any and all such illegal spam campaigns. We regard this pernicious practice as an unscrupulous, predatory act that abuses the trust of investors and erodes the credibility of the market itself. Such unauthorized spam emails victimize shareholders and public companies alike. It has always been our position that such illegal spamming is directly contrary to the responsible participation in the public markets, and we have never engaged in such practices. Even though we are as much a victim as any, we apologize to all those who have been inconvenienced by this campaign. We are actively investigating the source of these emails, and once those responsible are identified, will prosecute them to the fullest extent of the law."
About FIMA, Inc. :
FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico , resource exploration and development in Central and South America , and the acquisition and development of mining properties and mining rights in Central and South America . FIMA operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico , as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia . For more information, visit the Company website at: http://www.fimadevelopmentinc.com.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact:
FIMA, Inc.
714-847-2460
Email Contact
Yea. Looking for another play now. Scan is pretty dead on my end
Just outted all @ .15. Could go higher but NITE and VFIN are killing it
SYDI (.0003) Syndication Inc. Signs Chase Health to Finance Patient Medical Treatment Packages for Spinal Decompression Sub
Monday, June 23 2008 12:06 PM, EST
Market Wire "US Press Releases "
WASHINGTON, DC -- (MARKET WIRE) -- 06/23/08 -- Syndication Inc. (OTCBB: SYDI) reports that on Thursday the 19th of June 2008 , its subsidiary, Spinal Decompression and Disc Centers of America, signed with Chase Health Advance for the purpose of providing our customers with financial packages to cover uninsured medical costs related to various elective medical procedures including spinal decompression. The financing is provided by a revolving line of credit from Chase Bank USA, N.A ., (Chase Revolving Account). The arrangement allows the Company to offer customers 0% interest finance options in packages ranging from $300.00 to $12,000.00 , with 3 to 24-month payment plans. The service allows us to approve qualified patients within 3 to 20 minutes and can be concluded within the normal time needed for the Doctor to complete his initial patient consultation. Under the arrangement, Chase pays the company within 24 hours and bills the patient on the terms outlined by their finance package. "This program is a great addition to the service menu we can offer to our patients. It opens many payment options to the patient as well as enhancing the company's cash flow," said Brian Sorrentino, the CEO of Syndication Inc.
1-800-511-back; www.spinaldecompression-md.com/
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
For further Information, Contact:
Syndication Inc.
Brian Sorrentino
Phone # 202-467-2788
FIMA took a bite @ .11
TKER (.048) Tasker Products Receives USDA Authorization to Begin Commercialization of its Post-Chill Spray Application
Monday, June 23 2008 11:51 AM, EST
PR Newswire "US Press Releases "
FAIR LAWN, N.J., June 23 /PRNewswire-FirstCall/ -- Tasker Products Corp. (OTC Bulletin Board: TKER), a distributor and marketer of proprietary technology effective in inhibiting pathogenic bacteria, today announced that it has received authorization from the United States Food and Drug Administration ("USDA") to market its post-chill spray application, which will be used immediately after the Chill process in poultry processing plants to further eradicate pathogenic bacteria prior to packaging.
Poultry carcasses are run through a chilling tank to reduce their temperatures to approximately 40 degrees Fahrenheit (or less) to inhibit microscopic spoilage. Chlorine is used in the chilling tank water to destroy bacteria; however, due to the low temperature, solids form reducing the Chlorine's effectiveness in eradicating bacteria. Tasker's post-chill spray using Tasker Blue is highly effective at eradicating bacteria. The Company is also in the process of conducting USDA tests of a post-chill dip and is seeking USDA approval to market its Tasker Blue in the Chiller section.
Tests of Tasker Blue at various intervention points of poultry processing in three separate processing plants indicated that it had a significant and dramatic impact on aerobic plate count ("APC") and E. coli numbers on chicken carcasses to levels not currently attainable with any competing products.
Tasker Blue's ingredients are Generally Recognized as Safe ("GRAS") by the USDA, it does not gas-off (reducing workers' exposure to potentially hazardous fumes), and it poses no organoleptic damage across a broad range of pH concentrations and exposure times.
"We currently market Tasker Blue for use in the scalder, picker and post-picker intervention points. In addition to adding the post-chill spray, we expect to achieve USDA authorization to market Tasker Blue for the chiller section and as a post-chill dip," said Lanny Dacus, Tasker's president and CEO, commenting on the news. "USDA testing policies that were scheduled to go into effect at the end of March, were postponed, which had an impact on our marketing strategy for the scalder application. Although a set date for the new testing policies to go into effect has not been posted, poultry processors are beginning to prepare for the event and, as a result, we are experiencing increased interest in our scalder application."
About Tasker Products
Tasker is a manufacturer, distributor and marketer of eco-chemistry products with various applications that use the pHarlo technology. The pHarlo technology utilizes a highly charged and acidified, yet stable and safe, solution that enables copper sulfate, a compound with bacteriostatic properties, to remain active throughout a wide range of pH values. The Company currently markets Unifresh(R) Footbath, a grooming aid product for dairy cows, Tasker Blue(R), an antibacterial solution for use in processing poultry and Pacific Blue(TM) Seafood Spray, an antibacterial spray for retail seafood counters. Tasker Products Corp. is headquartered in Fair Lawn, New Jersey . To be added to the news distribution list or to present any questions, send an email to tasker@grannusfinancial.com. Additional information about Tasker is also available at http://www.taskerproducts.com.
This release contains forward-looking statements that involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and performances, or achievements expressed or implied by the forward-looking statement. Actual future results and trends may differ materially from those made in or suggested by any forward-looking statements due to a variety of factors, including, for example, our ability to obtain new financing and/or generate revenue growth in the near future; our history of losses; our limited experience in the marketing of our products; our ability to compete with other products in our market space; and the risk of unfavorable federal regulation. Consequently, you should not place undue reliance on these forward-looking statements. We discuss these and other risks and uncertainties in greater detail in the filings we make with the Securities and Exchange Commission , including under the section entitled, "Risk Factors" in the Company's Annual Report on Form 10-K, as amended, for the year ended December 31, 2006 and our most recent report on Form 10-Q.
Company and Investor Contact:
Dorren J. Remmen
Chief Financial Officer
Tasker Products Corp.
201-475-7328
DRemmen@TaskerProducts.com
SOURCE Tasker Products Corp.
HEPI .30 -34.78%
TVIN (.38) Dissident TVI Shareholders Win Partial Victory
Monday, June 23 2008 11:49 AM, EST
PR Newswire "US Press Releases "
NEW YORK , June 23 /PRNewswire-FirstCall/ -- The "Dissident" TVI Corporation (Nasdaq: TVIN) shareholders, Allen Bender and Jeffrey Squires, won overwhelming support for their Proposal to de-classify TVI's Board of Directors, and also received wide spread shareholder support for all of the Shareholder Proposals they presented for a vote at the Company's annual meeting held last Friday, June 20, 2008 . Messrs Bender and Squires had led a proxy contest against the Board to be elected instead of two incumbent directors, to defeat the Board's proposed Equity Incentive Plan, and to make changes in the Company's Charter and Bylaws which they argued would improve corporate governance. All seven of their corporate governance proposals were endorsed by the nation's two largest independent proxy advisory services.
Based on preliminary results, the one Shareholder Proposal the Company included on its Proxy Card appears to have overwhelmingly passed in spite of the Board's strenuous objection. This Proposal will eliminate the current classified three year terms of directors and require all directors to stand for election each year. The current arrangement, according to the Dissidents, was one of a number of mechanisms the current Board has employed to entrench itself and effectively prevent shareholders from having a meaningful say in the management of the Company. The Board had earlier objected to inclusion of the Proposal on the Agenda, but the SEC had refused to approve the Board's efforts to prevent the shareholders from voting on that proposal.
The obvious concern that TVI shareholders demonstrated by casting almost 10 million votes for the election and the proposals of Bender and Squires was not enough to overcome the inherent advantages and aggressive tactics of an incumbent Board in the proxy contest. The Board was able to exercise the advantages of management prerogatives to vote general proxies against the Dissidents' proposals, after having refused to include most of those proposals on the Agenda it had asked shareholders to vote on at the meeting. Further, attempting to take advantage of legal technicalities, the Board ruled five of the Dissidents' proposed Bylaw and Charter changes out of order, and refused to consider them.
While the Dissident's efforts to penetrate the current Board's defensive maneuvers and win election were largely unsuccessful, they claim vindication for their initiative based on the strong show of support from shareholders. Their effort had faced daunting odds, including the fact that the Board had issued its proxy materials to shareholders long before the dissidents were able to send their materials, and then conducted a scorched earth proxy campaign in which the Company and its proxy solicitors made several mailings and repeated phone calls to thousands of shareholders. The Dissidents contend that such an expensive undertaking was ill-advised for a Company that, during the past several years under the current Board, has seen increasing losses, a 90% decline in shareholder value, and the incurring of some $25 million in debt.
Mr. Bender acknowledged his disappointment at not having prevailed in his election to the board. He also expressed disappointment in the Board's reliance on technical and disputed legal interpretations to refuse to even allow a vote on most his proposals. "I am a firm believer that the company belongs to the shareholders," he said, "and that the Board should work for the shareholders. The Board is our agent, and as such must be accountable to us."
Tabulation of final votes will be done by an independent inspector of elections. The results are expected within the next few days.
Both Mr. Bender and Mr. Squires have a significant stake in the Company, and both wish the Company every success. "The Company reports that it is implementing a turn-around plan, and we hope that it will be successful. We certainly support efforts to correct errors of the past," they said. "For the benefit of all shareholders we sincerely hope that the Company will achieve its intended goals."
SOURCE The "Dissident" TVI Corporation
RPID (.0015) Rapid Fitness, Inc. Announces Company Board Has Approved and Signed the Acquisition With Global TV Network
Monday, June 23 2008 11:44 AM, EST
Market Wire "US Press Releases "
FT. LAUDERDALE, FL -- (MARKET WIRE) -- 06/23/08 -- RAPID FITNESS, INC. (PINKSHEETS: RPDI), a publicly traded company currently on the Over the Counter, Announces the board has approved and signed the agreement with Global TV network.
The Global TV network ISP was a Subsidiary of Global Triad -- developed, owned and run by Anthony Mellone, Antonio Mellone, Sr. and Donna Yamin and has been in development since 2001 under the name Global Web TV. In 2003 the company was changed to Global Triad and Global web TV and was placed as a subsidiary as Global ISP. Global Triad was sold and the subs were spun out to private companies and returned to its owners and shareholders of record. Since then Global has signed an agreement with an OTC Bulletin Board company (Holding Company soon to be announced) which offered to purchase our mainstream entertainment subsidiaries. Rapid Fitness and Global Board of Directors, being the same, have decided to combine all the shareholders and media divisions in both companies. This makes both companies twice as strong and more profitable.
Anthony Mellone stated: "This is the best move we have made since we have begun operations in both companies. This agreement supports all our investments and shareholders into a stronger position as we stated in prior releases. The synergies between these two companies are in the same industry, but on different roads. Placing both companies together give us a wider playing field and completes missing links for a global media enterprise."
About Global TV Network:
The Global TV Network is an ISP Portal broadcasting in all languages around the world; their portal has been designed to open in 156 languages in all the top countries. They also stream TV programming in all languages any where in the world for the first worldwide TV broadcasting Network. Global TV Network broadcasting portal can be seen at:
View ISP Portal: (sign up free to view)
www.globalweb.tv
www.kmtvn.com
www.iptvsn.tv
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
954-772-2640
amellone@globalweb.tv
FIMA not in yet, still just watching. NITE and VFIN keeping it down
Yup, you're right. Just a brutal drop. Still no bounce... Probably wont see one either
MYHA (.45) My Healthy Access Teams with NuPhysicia
Monday, June 23 2008 11:38 AM, EST
Business Wire "US Press Releases "
HOUSTON --(BUSINESS WIRE)--
My Healthy Access, Inc. (Pink Sheets:MYHA), a leading provider of retail healthcare services, announced today that MyHA has executed a Master Teaming Agreement with NuPhysicia. The agreement calls for NuPhysicia to provide telemedicine consultations with NuPhysicia's doctor's to patients at MyHA's Wal-Mart (NYSE:WMT) clinic locations.
"Our agreement with NuPhysicia will allow us to dramatically reduce our cost of operations, yet provide consultations and examinations with actual doctors to our patients. The arrangement will also significantly increase the products and services available to our patients," said My Healthy Access CEO Eddie Austin, Jr.
About NuPhysicia
NuPhysicia evolved from the telemedicine programs of The University of Texas Medical Branch (UTMB) in Galveston, Texas . UTMB has been operating successful telemedicine medical care since 1997. Rather than considering this new method as a research project, UTMB embraced telemedicine as an important model for medical care, and operates the largest program of its type in the world. UTMB operates successful telemedicine in correctional health care, indigent populations, scientific exploration, and employee health. More information can be found at www.nuphysicia.com.
About My Healthy Access
My Healthy Access is a leading provider of retail healthcare services to the urban marketplace. The Company operates six My Healthy Access branded clinics inside Wal-Mart Supercenters in the Houston Metro areas. My Healthy Access common stock is traded on the Pink Sheets under the symbol MYHA.
To the extent that this press release discusses expectations about market conditions, market acceptance, future sales, future financial performance, future disclosures, or otherwise statements about the future; such statements are forward-looking and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from the statements made. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements of My Healthy Access, Inc. and can be identified by the use of forward-looking language such as "believe," "anticipate," "expect," "estimate," "intend," "plan," "project," and variations of such words with similar meanings. My Healthy Access, Inc. does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
Source: My Healthy Access, Inc.
Shaking my head at that FIMA spam. Feel bad for those who got trapped this morning on that pump.
FIMA anyone trying?
PLTG nah, I don't see any bad news. Thinking .09 too.
FIMA suicide .16 -79.75%
RUNU (.052) Corner Wholesale Joins the Rudy Nutrition Team Selling Rudy Beverage Throughout Indiana and Lower Michigan
Monday, June 23 2008 10:07 AM, EST
Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 06/23/08 -- Rudy Nutrition, Inc. (PINKSHEETS: RUNU) is pleased to announce the addition of Corner Wholesale, Inc. to their national team of sales representatives and distributors. A category specialist serving the convenience store and small business industries, Corner Wholesale has begun proactively pitching Rudy Nutrition's healthier alternative "Rudy" branded beverage products throughout the territories of Indiana and lower Michigan .
Based on the superior nutritional value, lower calories, lower glycemic index, vitamin fortification and great taste, as of this release, Corner Wholesale has already identified as prospective buyers and presented to a number of venues in its territory, including South Bend Chocolate Co. , Cy-Fair School District , the largest district in Houston, Texas , a number of downtown Houston Hospitals, and various distributors including but not limited to Custom Foods , Accent Foods and McLiff Vending.
Rocky Brandonisio, President of Rudy Nutrition, Inc. stated: "Rudy Nutrition's network of category specialist brokers and sales representatives is growing rapidly in response to market driven demand for healthier alternative sports beverages. Corner Wholesale will play an instrumental role in getting our products placed throughout Indiana and some of the surrounding territories. We are very pleased to have them joining our team representing Rudy Nutrition."
Being actively involved with the regional youth sports leagues, the founders of Corner Wholesale reported experiencing first hand the need for a low-sugar sports beverage like RUDY: "The coaches of our kids' sports leagues started requesting that the kids not drink high sugar 'sports' beverages before games to avoid sugar-crash," commented Frank Frucci, President of Corner Wholesale, Inc. "Correspondingly when we got a hold of RUDY, we knew we had a winning formula." He went on to say, "We are hitting the ground running with RUDY, having already identified a number of venues that are very interested in carrying the product! We are confident RUDY beverage will be a win-win situation for Corner Wholesale and Rudy Nutrition."
About Rudy Nutrition, Inc.
Founded by Notre Dame sports legend Daniel "Rudy" Ruettiger, Rudy Nutrition, Inc. is a manufacturer of health conscious "Rudy" branded products that offer great taste as well as healthy choices for parents, kids, athletes, and active people looking for something special. If you would like to receive e-mail announcements about Rudy Nutrition, Inc. , additional information, or to contact a representative directly, please visit us on the web at http://www.rudynutrition.com or www.rudybeverageinc.com or www.avcg.net.
About Corner Wholesale, Inc.
Corner Wholesale is a fast-growing sales broker and distributor base in Granger, Indiana focused on supplying independent convenience stores and small to middle market institutions. Their seasoned sales group takes pride in rolling up their sleeves and ensuring customers are thoroughly educated and regularly sample their product. This diligent work ethic has already proven to their valued manufacturers what hard work and drive will accomplish. For prospective customer in the Indiana area interested in carrying RUDY Beverage contact Corner Wholesale at: 574-220-0673 or via email at: cornerwholesale@comcast.net.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development, and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
Contact:
Aurora Venture Communications Group
Investor Relations Contact:
James A. Romero
(858) 926-5527
ir@rudybeverageinc.com
www.rudynutrition.com
EFFC (.13) Effective Control Transport Reduces Outstanding Shares of Common Stock
Monday, June 23 2008 10:06 AM, EST
Market Wire "US Press Releases "
LONGUEUIL, QC -- (MARKET WIRE) -- 06/23/08 -- Effective Control Transport, Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com), a software company which specializes in technology that monitors a driver's vigilance and awareness, announced today that the company has elected to decrease the outstanding shares of common stock. This will effectively and immediately reduce the common shares outstanding to 126,903,745.
Raphael Huppe, CEO of Effective Control Transport, stated, "As we prepare for the next phase in our expansion we believe the reduction in common stock is the appropriate thing to do. We believe the reduction in common stock will allow us a better opportunity to up-list to the OTC Bulletin Board. We will provide specifics including the date of the scheduled up-listing on July 2, 2008 after market close. I am especially pleased that we were able to decrease the shares and increase shareholder value for current stockholders."
To learn more about Effective Control Transport, Inc. and the CRAM technology, please visit www.econtroltransport.com.
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Investor Relations
Andrew Barwicki
516-662-9461
PLTG .096 -36.63%
HENC (.47) John Crosby, Former General Counsel of Shell Australia, Joins Holloman Energy
Monday, June 23 2008 10:00 AM, EST
PrimeNewswire "PrimeNewswire "
HOUSTON , June 23, 2008 (PRIME NEWSWIRE) -- Holloman Energy Corporation (OTCBB:HENC) ("the Company" or "HENC"), through its Chairman, Mark Stevenson, is pleased to announce that John Crosby has agreed to join the Holloman Energy team. As can be seen from the short bio below, he is a perfect match for Holloman Energy Corp.
John Crosby
John Crosby is a Barrister and Solicitor and also holds a
Graduate Diploma in Corporate Finance. John has worked as a
lawyer for Shell for 23 years including as General Counsel of
Shell Australia, General Counsel and Company Secretary, Head of
Land and Legal Department of Brunei Shell Petroleum and General
Counsel and Company Secretary of Shell Coal World Head Office.
He has over 35 years of experience in Australia , Asia and the
Pacific Islands and, in addition to Shell, has been General
Counsel and consultant for other leading resource companies
including Freeport (Queensland Nickel and Freeport Indonesia) and
Anglo Coal. John also has experience in private law practice and
as an officer of the Queensland Justice and Mines Department .
John is presently a consultant to other resource companies.
In addition to Oil and Gas, John's experience includes executive
involvement in nickel, gold, coal energy, electricity products
and corporate and project financing. John has particular
experience in joint ventures. John also has acted as
non-executive independent Director and Chairman of committees of
a public company.
"Holloman's invitation to join its talented International team to assist in its focus on Australia comes at a time when oil and gas issues are vital and interest is high in its large and well placed acreage portfolio. Thus the invitation to assist in guiding them in my Country is enthusiastically accepted," said Crosby.
CEO Grant Petersen stated, "I first met John a year ago in hopes that one day he would join us. Needless to say, I am elated with his decision. I look forward to his guidance and his many contacts as we roll out operations in Australia ."
Board Chairman Mark Stevenson said, "Having John join us is a real coup for HENC and its shareholders as we develop our exceptional Australian properties. As can be seen from his bio, his experience, reputation and talents in the Australian oil and gas scene spanning from legal, to land, to corporate finance and joint venturing properties will certainly accelerate HENC's position for future success of its Australian assets."
About Holloman Energy
Holloman Energy Corp. is an emerging international exploration, and development independent whose controlling shareholder is Houston -based Holloman Corp. ( http://www.hollomancorp.com ) The company's primary activities are located in well-defined Australian assets. Holloman currently holds interests in an excess of 1.7 million acres in Australia . HENC now has working interests, varying between 37.5% and 100%, in seven oil and gas permits awarded by the Australian government. These permits, which have remaining terms expiring between June 2008 and February 2013 , cover 5,873 square kilometers (1,118,145 acres) of land in the Cooper basin and 2,589 square kilometers (639,755 acres) offshore in the Gippsland basin and Barrow sub-basin. HENC's management believes Australia is a politically stable environment that is pro hydrocarbon development. The oil and gas areas in which HENC holds its interests have had several major discoveries in various stages of development since the late 1960's, and have yielded substantial production to the global markets. Several of the world's largest oil and gas companies are producing, developing and exploring adjacent to HENC's oil and gas concessions. HENC believes that Australian oil and gas reserves are widely known to be under-explored and under-developed. Industry estimates set proven reserves of Australian oil at 4 billion bbls though only a small fraction of known potential has been exploited. HENC believes the Australian environment provides the enviable combination of low-risk and strong potential return.
Forward-Looking Statements:
This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are 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 the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
ON BEHALF OF THE BOARD OF DIRECTORS
Holloman Energy Corporation
http://www.hollomanenergy.com
CONTACT: Holloman Energy Corporation
Grant Petersen
(778) 999-9740
gpetersen@hollomanenergy.com
FIMA went to put in a .30 buy but was too late
MYEC (2.60) MyECheck Inc. Signs Mentor Public Schools to Its Online Check Service
Monday, June 23 2008 10:00 AM, EST
Market Wire "US Press Releases "
SACRAMENTO, CA -- (MARKET WIRE) -- 06/23/08 -- MyECheck Inc. (OTCBB: MYEC), an electronic transaction processor and provider of alternative payment solutions, announced that is has signed Mentor Public Schools as a client and will be providing the Ohio School District with its comprehensive suite of electronic check processing services.
Mentor Public Schools is a School District in Mentor, Lake County, Ohio with 14 Schools, including elementary, middle and high schools. MyECheck's eCheck solution provides parents with the option of debiting their checking accounts for payments such as loading their children's lunch cards safely as an example.
MyECheck provides faster clearing and funds availability, substantially reduces charge-backs and risk and improves cash-flow, all at a much lower cost than credit or debit cards. eCheck processing on the MyECheck system functions much like credit card authorization, however MyECheck transactions can be guaranteed, eliminating the impact of fraud on merchants. Guaranteed transactions are authorized and processed in real-time with transaction success rates exceeding Card and ACH eCheck success rates.
Ed Starrs, CEO of MyECheck, commented, "We are excited to have our first school district sign to our software and see this as a potential segue into other school districts, colleges and government agencies."
About MyECheck
MyECheck Inc. is a leading provider of comprehensive viable alternative payment solutions to credit cards for brick & mortar, internet, intranet and mobile commerce. MyECheck utilizes a proprietary method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck's patent pending RCC solution provides merchants with financial access to more consumers than any other single payment method.
Please visit www.myecheck.com
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in periodic reports filed with the Securities and Exchange Commission .
Investor Relations:
Patrick Lowry
(916) 932-0089
Email Contact
www.myecheckcorporate.com
ENHT (.10) enherent's Newly Appointed Executive Vice President Frank Diana is Chosen to Lead the Company in the 23 Billion Dollar Advanced Analytic Market
Monday, June 23 2008 10:00 AM, EST
Business Wire "US Press Releases "
ROSELAND, N.J.--(BUSINESS WIRE)--
enherent Corp. (OTC BB: ENHT, www.enherentCorp.com) (the "Company" or "enherent"), an Information Technology Consulting Services and Solutions provider announced today it has entered the collaboration and advanced analytics market. The data analysis software market, which includes business intelligence, hit nearly $23 billion last year. Advanced analytics represents the next phase of business intelligence. Advanced analytics is a new discipline for deriving value from "unstructured" data. It is estimated that over 80% of data is in "unstructured" form. Using advanced analytics will allow real-time and predictive analytics to be used to create actionable intelligence.
enherent will extend its already established Enterprise Content Management practice to reach this market. The Company has launched marketing campaigns into the financial services and healthcare sectors, as well as government agencies. The Company's solution will include the resale of leading third party software products.
To support the movement into the collaboration and advanced analytics space, enherent is pleased to announce the appointment of Frank Diana, Executive Vice President of Advanced Analytics & Collaboration. Mr. Diana brings thought leadership as well as a network of connections to industry groups and software vendors concentrated in this space. His business experience includes more than 6 years experience with Web 2.0 technologies.
Prior to joining enherent, Mr. Diana managed the development of a social computing and knowledge management platform at Aelera Corporation , where he served as Chief Product Officer. He was the CEO of Traxian, Inc ; a B2B software start-up company. Prior to joining Traxian, Mr. Diana was the chief technology officer of Fujitsu Consulting, where he focused on forming ASP businesses, web service strategies, enterprise application integration, Internet EDI, open source technologies, Web 2.0, ERP, and B2B communities.
"Under Frank's leadership we will begin to extend enherent's business into the advanced analytics and collaboration market. We will utilize his experience and relationships with leading software technology firms and practitioners to enable us to provide sustainable competitive advantage for our customers", said Pamela Fredette, enherent's Chairman and CEO.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on certain assumptions and analyses made by the Company derived from its experience and perceptions. Actual results and developments may vary materially from those described because they are subject to a number of known and unknown risks and uncertainties. Such risks and uncertainties include, but are not limited to, future demand for the Company's services; general economic, market and business conditions; the Company's ability to increase the amount of services rendered to existing clients and develop new clients and reduce costs of providing services; the Company's ability to recruit and retain IT professionals; and various other factors discussed in the Company's filings with the Securities and Exchange Commission including those set forth under Item 1A of the Company's most recent Form 10-K. The Company disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
Source: enherent Corp.
SWVC (.0014) Seaway Valley in Talks with Area Retailer
Monday, June 23 2008 9:57 AM, EST
Business Wire "US Press Releases "
GOUVERNEUR, N.Y.--(BUSINESS WIRE)--
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) today reported that it is currently in discussions with an area retailer for possible acquisition. The company, which has and has had locations in various northern and central New York markets, generated approximately $15.2 million in revenues and income before taxes of over $500,000 in calendar 2007.
Thomas Scozzafava, CEO of Seaway Valley, stated, "If this company is, indeed, acquired, Seaway would be getting with it a proven operator with track record of success." Mr. Scozzafava added, "Additionally, this particular business type would very much complement both Hackett's and certain business lines recently acquired in the North Country Hospitality deal. And although there is a desire to keep the details confidential at this juncture, hopefully we can release more definitive information shortly."
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, manufacturing, and select technologies. Current holdings include:
Patrick Hackett Hardware Company
Patrick Hackett Hardware Company ("Hackett's") is one of the nation's oldest retailers with roots dating back to 1830. Hackett's is a full line department store specializing in premium name brand merchandise and full service hardware. Hackett's, now with ten locations, features brand name clothing for men, women, and children, and a large selection of brand name athletic, casual, and work footwear. Hackett's also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hackett's full service True Value hardware department features traditional hardware, tool, plumbing, paint and electrical departments. Hackett's also owns and operates four RadioShack stores and at certain stores leases space to Payless ShoeSource. (www.hackettsonline.com)
Sackets Harbor Brewing Company
Sackets Harbor Brewing Company ("SHBC") develops, produces, and markets micro brewed beers such as the award winning "1812 Amber Ale" and "Railroad Red Ale" as well as "Thousand Island Pale Ale", "1812 Amber Ale Light" and "Independence Wheat" specialty beers. Its "1812 Amber Ale" is the company's flagship brand and was the winner of a Silver Award at the 1998 World Beer Championship and has been aggressively marketed to command a significant retail presence in the regional market place. Management estimates 1812 Ale has an approximate 15% category market share within its primary distribution area and distributes keg and bottled beer to over 300 locations in northern New York . The company has also developed complementary products such Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer.
Sackets Harbor Brew Pub
The Sackets Harbor Brew Pub (the "Brew Pub") is an operating restaurant and bar that produces its own specialty beer on site while also offering fine dining. The Brew Pub offers six of its own brews on tap including each of its regionally sold beers such as 1812 Ale, Railroad Red, and Thousand Island Pale Ale as well as ever changing seasonal offerings.
Good Fello's Brick Oven Pizza and Wine Bar
Good Fello's Brick Oven Pizza and Wine Bar ("Good Fello's") is featured in charming interior of brick and wood and specializes in excellent-yet-affordable Italian food. The focal point of the restaurant is its large brick oven for cooking pizza, appetizers and special pasta entrees along a comfortable bar that offers a wide variety of wine and beer including Sackets Harbor Brewing Company selections. Good Fello's warmth and intimate atmosphere offers a unique setting rarely found in the marketplace for neighborhood Italian eateries.
Alteri Bakery
Alteri Bakery has serviced the north country region with quality baked goods since 1971, when Querino and Ida Jane Alteri purchased the bakery, which is still operated by the founders' son, Mark. Alteri's is now located in a state of the art baking facility in the heart of Watertown's business district, and is one of the last traditional Italian bakeries in the area. Alteri's brings four generations of baking experience and over 80 years of serving northern N.Y. with the finest "true" Italian breads and specialty pastry items, such as cakes, cookies, muffins, bagels, and specialty gift baskets. Alteri's products can be found at local restaurants, grocery stores, schools, and its own store. In addition, Alteri's recently assumed the production of sub rolls for the entire Jreck Subs franchise chain of 47 locations, which alone includes approximately two million five hundred thousand rolls baked and shipped annually. ( www.alteribakery.com )
Jreck Subs Franchises
Seaway Valley owns and operates five Jreck Subs franchise locations in northern and central New York including Watertown, Clayton, Cape Vincent, Alexandra Bay, and Liverpool . The Jreck Subs Company was started in 1967 by five local entrepreneurs, and since then, Jreck Subs has grown to over forty-seven locations in northern and central New York . The Jreck Subs concept is quality foods at moderate prices. Jreck Subs have a variety of hot and cold sandwich choices, homemade style soups, and a children's menu. ( www.jrecksubs.com )
Safe Harbor Statement
This press release contains statements that 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 the Company, 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 occurrence of unanticipated events or changes to future operating results.
Source: Seaway Valley Capital Corporation