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BOKO (.59) Boo Koo Holdings Appoints Former Snapple and Cadbury Schweppes Executives to Lead Next Phase of Growth
Monday, June 23 2008 9:49 AM, EST
PR Newswire "US Press Releases "
ADDISON, Texas , June 23 /PRNewswire-FirstCall/ -- Boo Koo Holdings, Inc. (OTC Bulletin Board: BOKO) (http://finance.yahoo.com/q/h?s=boko.ob), an innovative beverage company which recently disclosed plans to change its name to Performing Brands, Inc. , announced today that it has appointed Jack Belsito, formerly President of Snapple Distributors, Inc. as Chairman. In addition, Mr. Belsito will assume the CEO's position during the 2008 fourth quarter. Joe Bayern, formerly Chief Strategy Officer of Cadbury Schweppes Americas Beverages and currently a Consultant to the Company, will become the Company's President in September. Mr. Belsito replaces Gil Cassagne as Chairman. Mr. Cassagne will remain a Director.
Mr. Belsito has more than 25 years of experience in the consumer products industry and over 20 years in beverages with companies such as Procter & Gamble, Pepsi, Snapple and Cadbury Schweppes Americas Beverages. He most recently held the position of President, Snapple Distributors, Inc. , for Cadbury Schweppes Americas Beverages where he also served as part of the executive board. Prior to his current position, Mr. Belsito held positions of Chief Executive Officer of the Snapple Beverage Group and the President of RC Cola. Mr. Belsito has extensive experience in the beverage industry holding senior positions in Franchising, Marketing, Sales, Business Development and M&A. He has led the acquisitions of both branded companies and bottling and distribution companies.
"I am excited to be taking on the additional responsibilities of Chairman at a time when the Company has unprecedented opportunities for growth," said Mr. Belsito. "We have a unique opportunity to build a leading consumer beverage company focused on health, wellness and functional benefit beverages."
Mr. Bayern has more than 10 years of experience in the consumer products industry and over 10 years in the consulting industry. He most recently held the position of Chief Strategy Officer of Cadbury Schweppes Americas Beverages where he also served as part of the executive board. Prior to his current position, Mr. Bayern served as the Director of Global Strategy of Cadbury Schweppes in London . Prior to joining Cadbury, he worked at Snapple Beverage Group where he held a variety of positions including Senior Vice President of Operations, Chief Information Officer and Chief Strategy Officer.
"I look forward to helping build a leading consumer beverage company," added Mr. Bayern. "The opportunities in the health, wellness and functional beverage space have never been greater, and the experience that the management team has in building other brands positions it well to become a leader in this category."
"I am pleased to welcome such experienced operators to key management positions at a time when the Company is positioning itself for both organic growth and acquisitions," said Mr. Cassagne. "I have first-hand experience, from working with Jack and Joe, in developing other successful beverage brands and I look forward to supporting them as a Director as they lead the Company through its next phase of growth."
About Boo Koo
Boo Koo currently develops, produces, markets and distributes alternative beverage category energy drinks under the Boo Koo(R) and Gazzu(TM) brand names. Boo Koo currently sells and distributes its products in parts of the United States and Canada through its network of regional bottlers and other direct store delivery distributors, including independent Coca-Cola, Cadbury Schweppes and other wholesale distributors. Gazzu(TM) is sold exclusively to Circle K. Boo Koo's products are sold primarily to mainstream convenience and grocery store chains, drug stores, gas stations and other retail outlets. The Company's objective is to transition from an energy beverage maker to a broader-based consumer beverage company focused on health, wellness and functional benefit beverages.
Forward-looking Statements
This news release contains "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to future products and relationships. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the Company's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements, including its ability to raise additional capital, its reliance on distributors of its products, its ability to manage inventory, its ability to maintain relationships with customers, its reliance on third parties to produce and package its products, its limited operating history, the availability and cost of raw materials, effects of competition and the other factors listed under "Risk Factors" in its filings with the SEC. All statements other than statements of historical fact are statements that could be forward-looking statements. The Company assumes no obligation to update the information contained in this news release.
SOURCE Boo Koo Holdings, Inc.
LFVN (.24) LifeVantage Corporation Awarded Second Patent for Protandim(R), the Antioxidant Therapy Product Proven to Reduce Key Aging Factors by 40 Percent
Monday, June 23 2008 9:48 AM, EST
Business Wire "US Press Releases "
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
LifeVantage Corporation (OTCBB: LFVN), the maker of Protandim (www.protandim.com), announced a second patent was awarded on June 10, 2008 for its Protandim(R) antioxidant therapy product. Protandim is clinically proven to slow the progressive rate of aging by reducing oxidative stress, which is a key factor in aging. Researchers believe that Protandim's unique ability to reduce aging factors at the cellular level will play a pivotal role in helping consumers age gracefully. The newly issued patent is entitled, "Preparation of Compositions to Alleviate Inflammation and Oxidative Stress in a Mammal."
Dr. Joe McCord, one of the foremost authorities on the body's antioxidant defense system and the co-discoverer of the important antioxidant enzyme superoxide dismutase, said, "The granting of this second U.S. patent underscores the unique ability of Protandim to modulate important physiological events involved in the inflammatory process, and known to be common to hundreds of human diseases and to the aging process itself. Because of the remarkable synergy of Protandim's five phytochemical components working together to increase the body's network of antioxidant enzymes, it achieves protection against oxidative stress that greatly exceeds that produced by conventional therapies."
David Brown, CEO and president of LifeVantage, said, "Our mission is to develop science-based, natural solutions for healthy aging. Health and wellness is a primary concern for our partners including our customers, retailers and healthcare professionals. The issuance of a second patent for Protandim further supports the fact that there is no other product in the marketplace that can provide consumers a proven solution in reducing the negative effects caused by oxidative stress, which is the primary culprit in aging."
About Protandim(R)
Protandim(R) is a unique approach to fighting the effects of cell-damaging free radical molecules which advance the aging process, including many of the diseases of aging. The patented dietary supplement increases the body's natural antioxidant protection by inducing the cells of the body to produce naturally occurring protective antioxidant enzymes, a process which is thousands of times more effective than traditional vitamin-mineral supplements. Free radical damage occurs when a person is subjected to environmental stresses and generally increases with age. Data from a peer-reviewed scientific study in men and women, sponsored by LifeVantage, shows that after 30 days of taking Protandim(R), the level of circulating toxins produced by free radicals decreased an average of 40 percent, slowing the progressive aging factors to the level of a 20-year-old. With continued use, the decrease was maintained at 120 days.
For more information, please visit the Protandim(R) product web site at www.protandim.com or contact Jan Strode at (619) 890-4040.
About LifeVantage Corporation
LifeVantage Corporation is a publicly traded (OTCBB: LFVN), science-based, natural products company, dedicated to helping people reach their health and wellness goals through science-based solutions to oxidative stress. Founded in 2003 and based in Colorado , LifeVantage develops nutraceutical products, including Protandim, that leverage the company's expertise and that are intended to deliver significant health benefits to consumers. For more information, visit www.lifevantage.com or contact Jan Strode at (619) 890-4040.
This document contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company uses the words "anticipate," "believe," "could," "should," "estimate," "expect," "intend," "may," "predict," "project," "plan," "target" and similar terms and phrases, including references to assumptions, to identify forward-looking statements. These forward-looking statements are based on the Company's current expectations and beliefs concerning future events affecting the Company and involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include, among others, the risk that government regulators and regulations could adversely affect our business; future laws or regulations may hinder or prohibit the production or sale of our existing product and any future products; unfavorable publicity could materially hurt our business; and the Company's ability to protect our intellectual property rights and the value of our product. These and other risk factors are discussed in greater detail in the Company's Annual Report on Form 10-KSB under the caption "Risk Factors," and in other documents filed the Company from time to time with the Securities and Exchange Commission . The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. All forward-looking statements are based on information currently available to the Company on the date hereof, and the Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this document, except as required by law.
These statements have not been evaluated by the Food and Drug Administration . This product is not intended to diagnose, treat, cure or prevent any disease.
Note to Editors: Contact Jan Strode at 619-890-4040 for interviews, photography, and other requests.
Source: LifeVantage Corporation
PRGL (.02) Perihelion Global Receives EPA Registration for Perihelion Biodiesel; State of Alabama Liquid Fuel Permit
Monday, June 23 2008 9:43 AM, EST
Market Wire "US Press Releases "
SANTA ROSA BEACH, FL -- (MARKET WIRE) -- 06/23/08 -- Perihelion Global (PINKSHEETS: PRGL) today announced that the company has received notification from the United States Environmental Protection Agency (EPA) that the Company's Perihelion Biodiesel has been officially registered with the EPA.
The Company also recently received a Liquid Fuel Permit from the State of Alabama , Department of Agriculture and Industries .
The permits have been uploaded to the Pinksheets.com website and can be viewed at: http://pinksheets.com/pink/quote/quote.jsp?symbol=prgl#getFilings
The Company is currently working with the Alabama Department of Revenue and Weights and Measures to receive final documentation to allow the Company to sell Biodiesel produced at its Opp, Alabama Biofuel Refinery in the State of Alabama .
Important Notice: EPA registration does NOT constitute an endorsement, certification or approval by any agency of the United States .
The Company will provide further updates as warranted.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Website: http://www.perihelionglobal.com
Contact:
Perihelion Investor Relations
info@perihelionglobal.com
866-748-7610
Morning SL!
PWAC (.13) Power Air and eVionyx to Cooperate on Commercialization of Zinc Air Products
Monday, June 23 2008 9:23 AM, EST
Market Wire "US Press Releases "
LIVERMORE, CA -- (MARKET WIRE) -- 06/23/08 -- Power Air Corporation (OTCBB: PWAC), the clean energy zinc power company, today announced it has entered into a Memorandum of Understanding ("MOU") with eVionyx, Inc., a Reveo subsidiary and the leader in innovative metal fuel technology and products.
In accordance with the terms of the MOU, the companies will cooperate to shorten the time to market, introduction and shipment of Power Air's Zinc Air Fuel Cell (ZAFC) powered products for portable electronic devices, including the Z Series Powerpacks. eVionyx will provide its ultra-high performance air diffusion electrode, O-CAT(TM), and use its ISO certified manufacturing facility to produce Power Air's high performance Powerpacks according to Power Air's design and specifications. Following successful completion of the MOU activities, the parties plan to enter into a Definitive Agreement.
"Both Power Air and eVionyx possess Intellectual Property that, when combined, present a lucrative win-win opportunity," stated Donald Ceci, President and CEO of Power Air. "Moreover, this cooperative effort with eVionyx will reduce the time to commercialize our Powerpacks and other products, and avoid costly duplication of product development and manufacturing capabilities that eVionyx already has in place."
Sadeg M. Faris, Ph.D, founder, Chairman and CEO of eVionyx, added, "I have known Don Ceci for quite some time and have great confidence in working with him to successfully advance both of our missions. I believe in his vision and where he wants to take Power Air Corporation ."
Power Air plans to position its ZAFC Powerpacks as the solution to bridge the 'power gap' and provide consumers with extended runtimes for their mobile devices. The demand for uninterrupted mobile power is only expected to increase as handheld devices continue to become more power hungry and offer users more converged applications, such as advanced color screens, wireless capabilities, GPS functions, TV broadband functions and other innovations.
"With each added innovation and capability in the mobile device market, more power output is required, and traditional batteries are struggling to maintain acceptable runtimes. Essentially, cell phones and laptops are increasingly becoming higher power carnivores, while the battery that runs them is challenged to keep pace with required extended runtimes," said Ceci. "Our opportunity is to fill the power gap with our Powerpacks."
Dr. Faris further noted, "Energy sovereignty for the United States and for the world is within reach by recognizing that zinc is the best alternative fuel. Both Power Air and eVionyx have been founded on this belief. We look forward to working closely with Power Air to help drive global market awareness and appreciation of this fact through our cooperative product development and commercialization efforts."
In January 2008 , Power Air demonstrated its Powerpack prototypes at the 2008 International CES in Las Vegas and again in February at the 2008 Fuel Cell Expo in Tokyo, Japan . In addition, it has conducted several end user focus groups where users provide feedback on all aspects of the Powerpack. Power Air is applying the feedback from these events to improve the design and features of its Powerpacks before official commercial launch.
About eVionyx, Inc.
eVionyx, headquartered in Hawthorne, New York , has been engaged in pioneering nonflammable metal fuel technology that it believes will achieve energy sovereignty for this country and for humanity, in general. It has made breakthrough inventions and innovations that have been shown to fuel electric vehicles with ranges in excess of 500 kilometers. eVionyx has bucked the trend with betting on non-flammable metal technology now that it has been revealed that after billions of dollars of global investment, the hydrogen, biofuel and lithium battery industries are facing serious challenges that include limited reserves, safety issues and other growing mass production concerns. eVionyx, in addition to its Energy Innovation Center, has ISO certified manufacturing facilities in Taiwan and in New York that produce key fuel cell and battery components as well as nickel zinc batteries and zinc air fuel cells. eVionyx has been awarded over 100 patents issued and more are pending. For more information, please visit www.evionyx.com.
About Power Air Corporation
Headquartered in Livermore, California with offices and research facilities in Vancouver , B.C., Power Air is a forward-thinking clean energy company engaged in commercializing proprietary, high performance Zinc Air Fuel Cell (ZAFC)-based products for the mobile electronics, portable and stationary power generation, light mobility and transportation markets. Power Air holds the exclusive worldwide license for the development and commercialization of products utilizing ZAFC technology pioneered through an extensive joint collaboration effort with Lawrence Livermore National Laboratory and the United States Department of Energy . For more information, please visit www.poweraircorp.com.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission . By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
ELITE FINANCIAL COMMUNICATIONS GROUP, LLC
Dodi Handy
President & CEO
407-585-1080
or via email at PWAC@efcg.net
SRGG (.052) Surge Global Energy Buys Back 13,620,490 Shares of Common Stock Equivalents
Monday, June 23 2008 9:23 AM, EST
PrimeNewswire "PrimeNewswire "
SOLANA BEACH Calif., June 23, 2008 (PRIME NEWSWIRE) -- Surge Global Energy, Inc. (OTCBB:SRGG) entered into a series of agreements with three current and two prior Cold Flow Energy ULC Preferred Shareholders. The Company repurchased the equivalent of 13,620,490 shares of Surge common shares, and retired all outstanding Cold Flow Exchangeable Preferred Shares on June 17, 2008 . Aggregate consideration of the transactions was satisfied by exchanging 584,929 shares of North Peace Energy Corp. (TSX symbol NPE) that Surge acquired in March, 2007. Surge common share equivalents repurchased were valued at $.07 per Surge share, and North Peace Energy shares were valued at $1.63 per share. Total buyback value was $953,434 .
"This transaction is the third step in our plan to enhance shareholder values. The first was the reduction in operating expenses which is a continuing process. The second was the sale of the Santa Rosa Property which generated $600,000 in cash. As a result of this third transaction, re-acquiring a substantial block of shares, Surge's total outstanding common stock has been reduced from 45,567,877 shares (had all the Exchangeable Shares been converted) to 31,947,387 shares, a decrease of 29.9%," stated E. Jamie Schloss, Chief Executive Officer. "Additionally, this transaction has added approximately $5,081,000 to Surge's Shareholder Equity for financial statement purposes or $0.16 per share."
Chairman Barry Nussbaum added, "We will continue to explore all possible options that will enhance shareholder value. Entering into a long term employment contract with CEO E. Jamie Schloss will enhance our facilitation of those options."
The Surge Global Energy, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2471
CONTACT: Surge Global Energy, Inc.
E. Jamie Schloss, Chief Executive Officer
858-720-9900
Surgeglobalshare@aol.com
INKS (.24) InkSure Announces Key Executive Changes
Monday, June 23 2008 9:22 AM, EST
PR Newswire "US Press Releases "
FT. LAUDERDALE, Fla., June 23 /PRNewswire-FirstCall/ -- InkSure Technologies Inc. (OTC Bulletin Board: INKS) (http://finance.yahoo.com/q?s=inks.ob&d=t ), a leading provider of covert machine-readable security solutions for the prevention of counterfeiting, fraud and diversion, and an important developer of RFID solutions, announced the appointment of Philip M. Getter as Chairman of the Board of Directors and Yaron Meerfeld as acting Chief Executive Officer. These management changes are designed to better align InkSure's future growth in these rapidly expanding areas.
InkSure also announced that on June 16, 2008 Mr. Elie Housman resigned as CEO and Chairman of the Board but will continue as a Director. Mr. Housman contributed years of dedicated and inspired leadership to the Company through its early stages of technological and product development.
Philip M. Getter joined the Board of InkSure in 2004 as Chairman of the Audit Committee. Since 1985, Mr. Getter has been the Managing Member of GEMPH Development LLC , a corporate advisory firm, and has more than thirty five years of corporate finance experience. He served as Assistant to the Director of United States Atomic Energy Commission and was for many years, a partner with Shearson, Hammill & Co. , the Senior Partner of Devon Securities and head of investment banking at Prime Charter, Ltd.
Mr. Getter has been Chief Executive Officer and Chairman of several public companies specializing in restructuring and reorganizations in the pharmaceutical industry. He received his B.S. in Industrial Relations from Cornell University . Mr. Getter is Chairman of the Audit Committees of EVCI Career Colleges and ICTS International NV (International Consultants on Targeted Security).
Mr. Meerfeld, based in Tel Aviv, Israel , was appointed acting Chief Executive Officer and will also retain his positions as Chief Operating Officer and Director of InkSure. Mr. Meerfeld, 48, joined InkSure in November 2001 . Prior to that he developed expertise in authentication and multi-layered security systems as Managing Director of Kromotek, Inc. and as the Vice President for Sales and Marketing at SuperCom Ltd. Mr. Meerfeld holds a B.Sc. in Economics and Business from Bar Ilan University and an M.B.A. from Tel Aviv University in Israel .
Mr. Meerfeld stated that "We have reached an exciting time in our business -- notably the progress of development of our new chipless RFID technology and our expectation that the technology will become commercially available in 2009."
Mr. Getter stated "We are very enthusiastic about the future of InkSure. We believe that we are poised to capitalize on this significant technological breakthrough to increase stockholder value."
About InkSure Technologies Inc.
InkSure Technologies Inc. , with its corporate headquarters in Ft. Lauderdale, Florida and its research and development center in Science Park, Rehovot, Israel , specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale. The Company's R&D activities include the development of "chipless" RFID technology for affordable item- level secure logistics and track-and-trace applications.
The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS". Additional information on the Company is available on its website at http://www.inksure.com.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although InkSure (the "Company") believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward- looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, the progress of development, government and regulatory approvals and licensing/commercialization of the Company's technologies, and other factors noted in the Company's periodic report filings with the Securities and Exchange Commission . In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For further information, please contact:
Don Taylor, Vice President -- Global Marketing at +1-954-772-8507 or via e-mail at dtaylor@inksure.com
SOURCE InkSure Technologies Inc.
FASC (.03) First American Scientific Corp (FASC - OTCBB) FASC announces sale of first KDS system to Baltica Invest AS of Norway as part of their $1,000,000 US commitment to purchase of 4 KDS systems this year
Monday, June 23 2008 9:20 AM, EST
PR Newswire "US Press Releases "
VANCOUVER , June 23 /PRNewswire-FirstCall/ - Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to announce that we have received an order to deliver the first of 4 KDS systems to Baltica Invest AS of Norway which will be used to a dryer/grinder of sea-bed algae found in remote regions of Northern Europe . Baltica and its partners operate several dredging and reclamation sites where water bound algae is being developed into a high nutrient fertilizer. The first system will be installed at its Latvian operation.
According to Frode Kvilhaug, Managing Directeur of Baltica, "this is the first of many systems that our investment group hope to install and operate in our region. Testing has proven the KDS Micronex's drying ability will add significant assistance in reducing operating costs and enhancing product value."
According to Brian Nichols, "testing has proven that our equipment can handle the job for Baltica and its partners. In addition, on completion of the initial 4 purchases, Baltica will earn the right to be our sole distributor in Norway and will expand the KDS marketing efforts to biomass and green energy applications in Scandinavia."
Please refer to our web site for further details.
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRETORS
C. Kantonen, Chairman
FASC: (NASD Bulletin Board)
CONTACT: Web Site: www.fasc.net, Call Corporate Communications , Toll Free: 1-800-561-8656
SOURCE First American Scientific Corp.
RMLX (.0275) Country Inn & Suites Merrillville Signs Contract to Install Roomlinx' In-Room Media & Entertainment Solution
Monday, June 23 2008 9:01 AM, EST
Market Wire "US Press Releases "
DENVER, CO -- (MARKET WIRE) -- 06/23/08 -- The Country Inn & Suites, Merrillville, Ind., has entered into a 5-year agreement with Roomlinx Inc. (PINKSHEETS: RMLX), to provide Roomlinx' new In-Room Media, Entertainment & Business solution in 10 select guestrooms. Guests will have instant access to hotel services, movies, international and U.S. television programming, music, local news / weather / business / sports updates, shopping, business productivity tools, concierge assistance, and PC / Web-based games via the in-room television.
"The Roomlinx system is a true one-stop-shop guest service tool," said Sanjay Patel, property owner. "Everything a business or leisure traveler could need in the guestroom is provided directly from Roomlinx -- Web pages will link our guests to concierge services, local dining and entertainment spots, news, weather and more. Guests don't ever have to leave the room -- or bring their laptops while traveling."
Patel, who owns multiple properties in the Midwest, said based on the anticipated success of Roomlinx in Merrillville, he believes he will soon bring the solution to more properties.
"Roomlinx gives the Country Inn & Suites Merrillville the ability to generate revenues through e-commerce relationships, local and national advertising partnerships, business services and video on demand," he said. "As excited as Sanjay is to roll out our system, we are equally as excited to partner with a limited-service brand such as Country Inn & Suites by Carlson. Initial feedback from our beta hotel leads us to believe that Roomlinx will be installed property-wide in a very short time -- and in more hotels owned by Sanjay Patel."
The Contract term is for five years and will generate a minimum $150 per room per month.
"This contract validates our ability to penetrate the untapped 'Limited Service' hotel market," said Roomlinx CEO Mike Wasik. "We have also proven that we can generate over $100 per room per month in revenue through our solution. This is a significant increase from the $3 per room per month we currently generate through our High Speed Internet Services."
Installation is expected to be complete by mid-July.
About Roomlinx
Roomlinx is the hospitality in-room expert providing in-room Business, Media and Entertainment solutions designed to increase revenues and brand loyalty for hotels, resorts, and timeshare properties, utilizing premium content and applications demanded by today's traveler. For more information about Roomlinx, visit www.roomlinx.com.
Safe Harbor Cautionary Statement
Certain statements in this news release, including statements that we "believe," "expect," "intend," "plan" or words of similar import, are forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans, new products and services and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: the company's successful implementation of the new products and services, demand for the new products and services, the company's ability to successfully compete against competitors offering similar products and services, general economic and business conditions; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of the Company's Securities and Exchange Commission filings available at http://www.sec.gov, which you should carefully review. Roomlinx does not assume any obligation to update or revise any forward-looking statements, whether as the result of new developments or otherwise.
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AAGH (.06) Asia Global Holdings Corporation Signs Agreement with 3 Circles Media; Company to Introduce Interactive Participation TV to China
Monday, June 23 2008 9:01 AM, EST
PR Newswire "US Press Releases "
LOS ANGELES , June 23 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) announces that Idea Asia Limited (Idea Asia), a wholly-owned subsidiary of AAGH, has signed an exclusive agreement with 3 Circles Media (3CM), a European leading interactive casual game company, to introduce interactive participation TV to various broadcasters in China .
3CM has over 12 years experience in interactive & participation TV and has produced over 50,000 hours of such live programs. The company currently owns a program portfolio of 25 interactive and participation TV formats with production facilities in Europe , US, Middle East and Asia.
Participation TV introduces television content that engages viewers to act and respond. Traditionally, television delivers high quality programming designed to entertain, inform and educate; Viewers involvement was relatively limited. Today with the advancement of digital television, mobile telecommunication and the internet, viewers are offered more ways to get involved in the programs they are watching. From participating in TV voting to interacting with show presenters and solving a TV puzzle in real time, audiences now have the ability to be a big part of the game show, all from the comfort of their own living room.
"One of the best ways to attract audiences to a program is to have them participate in it. Moreover, this participation can quickly create a significant additional revenue stream," said Dominique Ullmann, Executive Director of Idea Asia. "The success of 'American Idol' and other participation TV shows, such as 'Deal or no Deal', have clearly defined a lucrative revenue model. We see a tremendous opportunity to generate immediate revenue through Interactive participation TV in China and we are very delighted to establish co-operation with such a strong industry player in 3 Circles Media."
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) has a strong focus on building business in China and other emerging regions and markets in Asia and Worldwide. The company's present subsidiaries participate in media & advertising, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China .
Asia Global Holdings Corporation Website:
http://www.asiaglobalholdings.com
Forward-looking statements in this document are not historical fact as 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform of 1995. Forward-Looking statements are not guarantees of future performance. Our Forward-Looking statements are based on trends we anticipate in our industry and our good faith estimate on the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause actual business and results of operations, to differ materially from those reflected in our forward looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities Exchange Commission website, http://www.sec.gov.
SOURCE Asia Global Holdings Corporation
ASPZ (.08) Asia Properties CEO Issues Letter to Shareholders
Monday, June 23 2008 9:01 AM, EST
PrimeNewswire "PrimeNewswire "
BELLINGHAM, Wash.and HONG KONG , June 23, 2008 (PRIME NEWSWIRE) -- Asia Properties, Inc. or "API" (Pink Sheets:ASPZ) announced today that it issued the following Letter to Shareholders:
Dear API Shareholders,
I am writing to you from Hong Kong where API is moving forward with its audits and goal of becoming fully reporting. As previously reported, API completed the acquisition of three properties in 2007; Swiss Gardens and a land site, both in Guangzhou, China and the first two phases of acquisitions of the new island resort destination in the Philippines . The company purchased the three properties for about US$51 million , with no debt attached to the properties.
China Opportunity
As reported on January 28th, 2008 , API signed a Letter of Intent to acquire 150 hectares of a large central business district land site in Nanning, China . API plans a five star hotel development along with an automobile city and commercial center. The development cost of this central business district site is estimated at US$342 million . Nanning is the regional capital of Guangxi Zhuang Autonomous Region and a gateway to Southwest China and Indochina.
Please read about Nanning: http://www.china.org.cn/market/nanning/403573.htm
Please download our Nanning pdf: http://www.asiaprop.com/project/Nanning.pdf
Philippines Opportunity
As reported on March 24th, 2008 , API's representative company closed on the 2nd phase of prime beachfront land acquisition in Camarines Norte, Philippines .
Asia Properties CEO, Daniel McKinney said, "We are pleased to report the closing of the next phase of our beach resort development site in the Philippines and we plan to close on the other remaining areas in Q3 and Q4 of this year. This acquisition adds to the growing number of strategically valuable property assets within the Company. API looks forward to its future in the Philippines , and achieving our ambitions of launching this new beach resort destination." The cash all came from internal sources and there is no debt attached to the property.
Please see pictures at: : http://asiaprop.com/tinagaisland/
Microart Subsidiary
On November 15, 2007 , API announced that its board has approved a 1:10 dividend of its subsidiary Microart, Inc. ("MCRT") common stock.
The share dividend entitles each holder of ten shares of API's common stock to receive a dividend of one common share of MCRT. Asia Properties shareholders of record on November 30, 2007 holding physical certificates will be entitled to receive the common stock dividend distribution. Those shareholders holding ASPZ in their brokerage accounts will still be able to receive this dividend until the Xdate is properly established. Daniel S. McKinney, CEO said, "We are currently restructuring MCRT and will be distributing the dividend to our shareholders as soon as this process is finalized and all regulatory agency filings have been completed." The Company plans to file a SEC registration statement, and list MCRT on the OTC Bulletin Board. MCRT is currently traded on the "grey-sheet" market.
"MCRT is negotiating to acquire a Hong Kong based internet TV channel (www.mychannel.hk), which, along with our ownership of two million shares of CRM company Entellium, will add significant value to API in 2008-09," said McKinney.
Currently, API is on track to increase sales and profits for 2008-09. I believe our stock is considerably undervalued right now," said McKinney.
About Asia Properties, Inc. : Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 39,351,362 fully diluted shares consisting of 16,757,736 free trading and 22,593,626 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado .
For up to date corporate information about Asia Properties, Inc. contact Daniel McKinney, email: dmckinney@asiaprop.com or (http://www.asiaprop.com) For Investor Relations, call Dennis Burns. Tel 567-237-4132 email: denny@nvestrain.com www.nvestrain.com
The Asia Properties, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1733
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Asia Properties, Inc.
Daniel McKinney
dmckinney@asiaprop.com
http://www.asiaprop.com
Investor Relations
Dennis Burns
567-237-4132
denny@nvestrain.com
www.nvestrain.com
ICPR (.62) ICP Solar Selected by Sea Choice(R) for Solar Products Design and Supply
Monday, June 23 2008 9:02 AM, EST
Business Wire "US Press Releases "
MONTREAL --(BUSINESS WIRE)--
ICP Solar Technologies Inc. (OTCBB:ICPR)(Frankfurt:K1U), a developer, manufacturer and marketer of solar panels and products, today announced that is has been selected by Sea Choice(R) for the design and supply of its new line of solar chargers.
"We are thrilled to be working with Sea Choice(R) as developer and supplier for its new range of solar chargers," said Sass Peress, ICP Solar Chairman and Chief Executive Officer. "The Sea choice(R) brand has always stood for high quality consumer recreational products and their policy of instilling ingenuity into products fits with our philosophy of creating the most innovative solar energy products on the market. We look forward to working together to develop new and exciting ways to address the current and future needs of Sea choice's customers".
"ICP Solar's experience in the mobile solar charger arena has yielded the most innovative and reliable products of their kind," Tom Clark, ICP Solar's VP of Sales-Americas. "Boating environments are very demanding and the Sea Choice(R) line of solar chargers will come with best in class features, a 2-year warranty and will deliver over 50% more power per square inch than competing solar chargers. "
About ICP Solar Technologies, Inc :
ICP Solar is a developer, manufacturer and marketer of solar panels and solar cell based products and building materials. Through the application of next-generation technologies and use of proprietary intellectual design the Company aims to be the industry's innovation leader. For the past 19 years, ICP Solar has led the consumer market through innovation and has now begun to apply that same philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar is the North American licensee of the Coleman(R) brand in the solar charger category. The company's headquarters are located in Montreal , Canada , with additional locations in the USA, Spain , Ireland and France .
Corporate information may be found at www.icpsolar.com
About Sea Choice(R)
Sea Choice was started as a high quality Marine Hardware Supplier of OEM replacement parts. Sea Choice has grown from its start in hinges, cleats and hasps into over 1400 different items in 2005. There are now 17 different categories of marine related parts available. A few new items include cordless spotlights, marine binoculars, folding deck chairs and zinc anodes. Sea choice now has 15 locations in the U.S. and Canada to serve our wholesale customers.
For more information about Sea Choice(R) , visit http://www.seachoice.com
The forward-looking statements herein include, but are not limited to, the expected expansion of our solar solutions into Europe Middle East , Asia and Africa . Our actual results may differ materially from those implied in these forward-looking statements as a result of many factors, including, but not limited to, overall industry environment, customer acceptance of our products, delay in the introduction of new products, further approvals of regulatory authorities, adverse court rulings, production and/or quality control problems, the denial, suspension or revocation of permits or licenses by regulatory or governmental authorities, termination or non-renewal of customer contracts, competitive pressures and general economic conditions, and our financial condition. These and other risks and uncertainties are described in more detail in our most recent SB-2 filing with the Securities and Exchange Commission . Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by applicable laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors germane to our business.
Source: ICP Solar Technologies Inc.
WWEI (.175) Welwind Energy International Corp. Doubles Its Initial Land Position in the Peace River Region of British Columbia to 4680 Acres
Monday, June 23 2008 9:01 AM, EST
PrimeNewswire "PrimeNewswire "
SAN DIEGO , June 23, 2008 (PRIME NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") is pleased to announce that it is entering into a land lease agreement in the Peace River Region of British Columbia, Canada . The Peace River Region has been deemed as an exceptional location to develop a wind farm with multiple projects currently being perused.
In a November 6, 2007 news release the company announced that it had sent a representative to survey the land, and data results for build out were favorable. After visiting the site at Tumbler Ridge British Columbia, Canada, it was determined that the site is an excellent location to proceed with a wind farm project.
Initially it was announced that the company would be pursuing approximately 13 quarter sections (approximately 2300 acres) of privately owned farmer's field property. After multiple meetings, the company is now looking at doubling its land position to 4680 acres (28 quarter sections). The company anticipates acquiring additional private land and/or crown land around the existing 4680 acres in the near future. Depending on the size of the turbines installed, the company will be looking at generating a minimum of 100 MW.
This location has an excellent set of roads for accessing the potential site. The site presents virtually no encumbrances to an installation of either a meteorological tower or a wind farm. Road access for turbine installation would also be ideal as the road runs adjacent to the site.
Additional information on the company and its projects can be found on the company website and will be given at the company's investor conference call later today at 1:00 p.m. PDT .
"According to past studies, the Peace Region is known to have the best wind speeds in BC. Today's news allows the company to diversify its portfolio and we are pleased to include Canada in our business model. BC Hydro's wind call has created Canada's next gold rush boom," says Shannon de Delley, Director of Welwind.
ABOUT PEACE REGION AND BC HYDRO
British Columbia (BC) is about to enter a new era of clean energy generation with the largest clean power call ever issued in the province, setting the stage for BC's untapped potential of wind energy to be realized. BC Hydro is asking power producers to submit proposals that collectively will add up to 5,000 gigawatt hours (GWh) of clean or renewable energy per year, enough to power 500,000 homes.
With over 5,000 MW of potential generating capacity in the province, Welwind is in a perfect position to be part of the province's alternative energy gold rush. 1,600 MW of wind energy capacity would represent close to $4 Billion in investment and would create 3,000 jobs throughout the province, placing BC amongst the leaders in wind energy generation in Canada .
The Clean Power Call RFP aligns with the BC Energy Plan: A Vision for Clean Energy Leadership (http://energyplan.gov.bc.ca/), released February 27, 2007 , which indicates that at least 90 per cent of all electricity generated in the province must continue to come from clean or renewable sources and to achieve electricity self-sufficiency by 2016.
Forward-looking Statements: The information in this news release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and other applicable securities legislation. All statements, other than statements of historical facts, that address activities, events, outcomes and other matters that Welwind plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of future events. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements and refer to the Form 20-F or our annual information form for further detail.
ABOUT WELWIND
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.
Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
The Welwind Energy International Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3727
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission . All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: Welwind Energy International Corp.
604-460-8487
866-677-2272
info@welwind.com
www.welwind.com
AENA (2.00) Adrenalina Retains Financo to Explore Strategic Initiatives
Monday, June 23 2008 9:02 AM, EST
Business Wire "US Press Releases "
MIAMI --(BUSINESS WIRE)--
Adrenalina (OTCBB:AENA.OB), which operates innovative retail entertainment destinations for extreme sports enthusiasts, announced today that it has retained investment bank Financo, Inc. to assist the Company in exploring and pursuing strategic alliances to enhance the company's growth initiatives. Financo, headquartered in New York City , is highly regarded for its advisory services to retailers and merchandising companies.
"Adrenalina is bringing an exciting new concept to the mall for the Generation Y customer, who is particularly drawn to our exclusive Flowrider(R) wave machine," said Ilia Lekach, Chairman and CEO of Adrenalina. "Mall-based operators are encouraging us to expand more rapidly. By engaging Financo, we can expedite our growth prospects by leveraging its strong relationships in the retail community."
Earlier this year, Adrenalina announced an aggressive store expansion program to expand the Company to seven locations in four states by the end of 2008. The Company has started construction on new stores at International Plaza in Tampa, Florida , Cherry Creek in Denver, Colorado , North Point in Alpharetta, Georgia , and Willow Bend in Plano, Texas . The Company has also secured additional prime locations in Houston and the New York Metro markets.
About Adrenalina
Adrenalina pioneered and branded "The Extreme Store" concept, which showcases top-quality athletic apparel, equipment and accessories in a fun, engaging retail entertainment format. Building on the popularity of the Adrenalina TV program, the stores feature the first FlowRider(R) wave machines to be installed in retail locations in the U.S. and other territories. Adrenalina has the exclusivity for FlowRiders in retail locations. The stores average 10,000 square feet and carry the best in extreme sports apparel, footwear, equipment and accessories from industry leaders and fashion brands such as Quiksilver, Billabong, Volcom, O'Neil, Reef, Crocs and Ed Hardy.
About Financo, Inc.
Based in New York , Financo provides a comprehensive range of advisory services, including traditional investment banking, on a global basis. The independent firm specializes in the retail and merchandising sectors, serving retailers across all formats, apparel and accessory manufacturers, fashion houses and related manufacturers and distributors of consumer-related products. More information about Financo can be found at www.financo.com.
Source: Adrenalina
HSYN (.15) Global Ecology to Begin Mobile PureWater Treatment System Pilot Program in Afghanistan
Monday, June 23 2008 9:05 AM, EST
Business Wire "US Press Releases "
KEASBEY, N.J.--(BUSINESS WIRE)--
Homeland Security Network (Pink Sheets:HSYN), doing business as Global Ecology Corporation (GEC), today announced that it has been awarded a pilot program for its Mobile PureWater Treatment System for deployment in Afghanistan . The program calls for delivery of Mobile PureWater Treatment units once initial logistics have been determined. Afghanistan has limited infrastructure that prevents it from delivering clean drinkable water to much of its 32 million people.
The award was a direct result of a successful presentation of the Mobile PureWater System by the International Renewable Energy Organization, IREO, on behalf of Global Ecology. IREO, a private partner affiliate to the United Nations (U.N.) and part of Global Ecology's high level relationship network, also introduced GEC's solution for soil remediation at the U.N. summit to support Afghanistan which was held in Paris last week. During the summit, Afghanistan received pledges in amounts exceeding $20 billion to help fund humanitarian projects, several of which relate to technologies and services provided by GEC.
Robson Mello, IREO president said, "Our presentation was exceedingly well received at the conference, above and beyond what we expected. The Afghanistan initiative is only the beginning for the use of this technology. There are more than one billion people throughout the world that lack access to clean drinking water and this system goes a long way in addressing this issue. IREO's goal is to play a major role in the worldwide introduction of GEC's Mobile PureWater Treatment System as well as their soil remediation technology."
Peter Ubaldi, Global Ecology CEO and chairman of IREO's Advisory Committee on Water said, "The Paris summit meeting was successful for us since it represented the first public evidence of the market potential for our Mobile PureWater Treatment System. This closely followed our recently announced acquisition of this technology and its related intellectual property on June 4 . The Mobile PureWater Treatment System offers a unique solution to the increasingly evident problem of water shortage. We are confident that the Afghan government, the UN and many other similar agencies involved will be pleased with the performance of this pilot program. IREO has been tremendously supportive, and we look forward to working closely with them to deliver our technologies and products around the world."
About Global Ecology Corporation
Global Ecology Corporation is a technology management company focused on the acquisition, aggregation and distribution of technical personnel, businesses and products related to environmental restoration and security in domestic and international markets. The company's technologies and business joint ventures offer ground breaking, proprietary water purification and soil remediation, supported through an increasingly extensive distribution network in high growth multi-billion dollar global critical need markets. Please visit http://www.geco.us.
An investment profile on Global Ecology may be found at http://www.hawkassociates.com/profile/hsyn.cfm.
Investors may contact President & CEO Peter Ubaldi at 732-738-8031 or Frank Hawkins at Hawk Associates , at 305-451-1888, e-mail: global.ecology@hawkassociates.com. To receive future releases in e-mail alerts, sign up at http://www.hawkssociates.com/about/alert.
This news release includes forward-looking statements regarding, among other things, the company's business and financial plans, strategies and prospects. Although the company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the company may publicly file from time to time. All forward-looking statements attributable to the company or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
Source: Global Ecology Corporation
STIY (.64) Stinger S-200 Used to Subdue Stolen Car Suspect
Monday, June 23 2008 9:06 AM, EST
PR Newswire "US Press Releases "
TAMPA, Fla ., June 23 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (OTC Bulletin Board: STIY), the leader in electro-stun technology, today announced that DeWitt County Illinois Sheriff's Department subdued a suspect with an S-200 projectile electronic immobilization device.
Captain A.J. Monaghan stated, "On June 20, 2008 , we were called to assist the City Police with a combative subject who had stolen a vehicle and was fleeing on foot from a traffic stop. As Deputies arrived, the subject was resisting arrest. Deputies dry stunned the subject with a Stinger S-200 which allowed us to gain immediate control of the subject without injuries to officers or the subject. The quick cartridge eject system allowed the Deputy to quickly eject the internal cartridge and move in to dry stun the subject and gain control. The subject was immediately immobilized. All Patrol Deputies currently carry the Stinger S-200 on-duty and we have two in-house S-200 instructors."
Stinger Systems noted that the cartridge eject system not only saves time, but allows departments to save money by not unnecessarily having to deploy cartridges.
ABOUT STINGER SYSTEMS
Stinger Systems, Inc. , a leading provider of electro-stun technologies, develops and sells a broad array of products utilizing advanced electro sparc-pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com.
FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission . Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise.
SOURCE Stinger Systems, Inc.
MPIX (.17) Mindpix Announces CEO Visit to Ohio-Based UltraFlex(TM)/TheraFlex(TM) Manufacturers
Monday, June 23 2008 9:15 AM, EST
Market Wire "US Press Releases "
OREM, UT -- (MARKET WIRE) -- 06/23/08 -- Mindpix Corporation , a Nevada Corporation (PINKSHEETS: MPIX), announces today that Mindpix, Inc. (http://www.mindpix.com) CEO David Ballif will visit Ohio -based UltraFlex(TM)/TheraFlex(TM) manufacturers this week. Site inspections will ensue as well as engineering and logistics meetings. Management believes these visits critical to meet our production milestones for this fall. Mindpix is proud offer products "Made in America."
"Our decision to manufacture our products domestically has already proven to be fortuitous," states Mindpix, Inc. CEO, David Ballif. "With ever increasing energy prices, the costs associated with delivery from overseas manufacturers has tripled in recent months; thankfully we have no such challenges."
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
CONTACT:
David R. Ballif
MINDPIX CORPORATION
(801) 765-1123
Email Contact
INCC (.20) International Consoldiated Companies Appoints ODL Securities to Raise up to US $50 Million
Monday, June 23 2008 9:15 AM, EST
Market Wire "US Press Releases "
SARASOTA, FL -- (MARKET WIRE) -- 06/23/08 -- International Consolidated Companies, Inc. (OTCBB: INCC) today announced that it has appointed ODL Securities Limited of the United Kingdom to raise up to US $50 million for acquisitions in China .
INCC recently acquired, through a wholly-owned subsidiary, two China -based companies, Shanghai Huaxin High Biotechnology and Sichuan Kelun Bio-Tech Pharmaceutical Company and is actively seeking additional acquisitions. Shanghai Huaxin High Biotechnology has patents on a proprietary delivery system for the drug Interferon that is utilized to fight Hepatitis B and C (the two single largest killers in China ) and Cervical Cancer. Proceeds from the planned financing(s) will be used for the current subsidiaries and to fund future acquisitions.
Antonio F. Uccello, III, CEO of INCC said, "We look forward to working with ODL and their corporate finance team on our future Asian-company acquisitions. Their in-depth knowledge and experience in fundraising and transaction management will no doubt assist INCC in our efforts to grow the Company and to achieve our short and medium term goals as we expand our platform in China and beyond."
About ODL Securities Limited (http://www.odlsecurities.com/)
ODL Securities Limited (ODL) is a leading, independent FOREX, derivatives, equity, spread betting and commodity trading house. The Company offers institutional, private, and white label clients an integrated approach to trading diverse financial products. With offices in UK, USA, Japan , Canada and Monaco , ODL provides clients 24 hour trading, and the Company launched its spread betting operations in February 2008 .
ODL's Corporate Finance department specializes in raising funds in the initial stages of financing through private placements and the IPO market.
Originally founded in 1994 as an options house, ODL Securities received a capital injection from new shareholders in 2004 and a new senior management team was appointed. Since then, a wide range of enhancements have been implemented across all areas of the business, and new products introduced, with a further placing of £14 million in 2007 to continue to fuel its development. ODL has demonstrated strong growth since its restructuring in 2004, and has built up a loyal and growing base of customers including private traders, institutions, fund managers and brokers, across more than 100 countries.
Between FY 04-06 ODL achieved a 277% increase in turnover from £6.23m to £23.47m and, in the same period, profit before tax increased more than six fold from £1.13m to £7.05m . The Company has increased staff numbers from just 28 in mid-2004 to over 200 staff located in global offices.
Recently the Company has invested heavily in new state-of-the-art risk management and back office systems and has developed a new range of trading platforms, in order to ensure that its growth is built on solid foundations. Since January 2007 , ODL Capital has become the UK's second largest Retail Service Provider by volume and strengthens the Company's electronic dealing service in global equities.
As a market maker, ODL Securities is authorised and regulated by the Financial Services Authority and is a member firm of the London Stock Exchange and Euronext.LIFFE. It is also a designated broker and a member of APCIMS. For further information please visit www.odlsecurities.com.
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by International Consolidated Companies, Inc. , (the "company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales.
The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
Contact:
International Consolidated Companies, Inc.
info@iccina.com
http://www.iccina.com
FNIX (.0002) Fonix Speech Retains Senior Software Sales and Marketing Executive
Monday, June 23 2008 9:15 AM, EST
Market Wire "US Press Releases "
SALT LAKE CITY, UT -- (MARKET WIRE) -- 06/23/08 -- Fonix Speech, Inc. , a wholly owned subsidiary of Fonix Corporation (OTCBB: FNIX), announced today it has retained Steve Jones as a senior sales and marketing consultant. Mr. Jones is tasked to formulate and execute a business strategy and revenue plan to maximize Fonix speech assets. He will receive shares of Fonix common stock as compensation.
Mr. Jones was most recently the CEO of Auction Trust Network which enables optimal customer relationships for online auctions. He engineered the successful acquisition of this company in a very short period of time. Steve has over 17 years experience as a sales and marketing executive with several hi-tech companies, both public and private.
"Fonix welcomes Steve's leadership and experience. We expect Steve to focus the marketing and sales plan to maximize recurring revenue from our technology," says Roger D. Dudley , Fonix CEO. "Steve has an extremely impressive track record -- especially in hi-tech early stage revenue companies. He will energize the sales and development team to expand the revenue potential. Steve understands Fonix' value and his leadership will guide our message, market position and improve operating performance."
Prior to his position with Auction Trust Network and moving to Utah , Mr. Jones was with Vykor -- an advanced Internet supply chain marketplace. Earlier, Steve was a member of the executive team at Netegrity, Inc in Waltham, MA., after driving the successful acquisition of DataChannel where he was instrumental in defining the Enterprise Portal market space. As VP of Marketing & Business Development, he launched Mosaix, Inc. into the CRM market and integrated several key acquisitions. Previously, he held various sales and marketing positions at both Novell and WordPerfect. Steve was nominated as a member of the vSpring 100 class of 2006 and 2008. He holds a Bachelor Degree from Brigham Young University and an MBA from the University of Utah .
About Fonix
Fonix Corporation (OTCBB: FNIX), based in Salt Lake City, Utah , is an innovative speech recognition and text-to-speech technology company that provides value-added speech solutions through its wholly owned subsidiary, Fonix Speech, Inc. , currently offering voice solutions for mobile/wireless devices; interactive video games, toys and appliances; computer telephony systems; the assistive market and automotive telematics. Fonix provides developers and manufacturers with cost-effective speech solutions to enhance devices and systems. Visit www.fonix.com for more information, or call (801) 553-6600 and say "Sales."
Statements released by Fonix 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 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.
Investor Information:
Michelle Aamodt
(801) 553-6600
Email Contact
CCRY man, yesterday .2001 looked like a bad pickup but now it's looking good
FRHV .05 -44.44%
CCRY man, + 75.00 from yest lows
MONA (.003) MonArc Corporation (MONA) Private Placement Completed
Friday, June 20 2008 3:17 PM, EST
PR Newswire "US Press Releases "
TORONTO , June 20 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to announce that the issuer has completed the private placement. The company is pleased to announce that the offering was fully subscribed for total proceeds of $750,000.00 .
The financing consisted of a non-brokered private placement of 50,000,000 units. Each unit was priced at $0.015 per unit and consisted of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.025 for two years following the closing.
All shares issued pursuant to the placement will bear a legend restricting transfer until December 31, 2008 .
Participants in the private placement include Jianxi Corporation , a Hong Kong based holding company which is controlled by the Xieu family, and Mr. Chinese Register, a Canadian based company which is controlled by the Zhao Family Trust . Other investors include some long time MonArc shareholders, and several high net worth accredited investors who are investing in MonArc for the first time. MonArc wishes to welcome the new shareholders, and to express appreciation to all shareholders for their continued trust and confidence.
The proceeds of the issuance will be used to advance existing projects, to generate and acquire new technologies, and to provide marketing capital to the Corporation, including obtaining exclusive distribution rights for the 3D game of PP365 from the Korean manufacturer.
On Behalf of the Board,
Mr. Yong Chen, President & CEO
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
CONTACT: www.minamargroup.com/helpdesk
Safe Harbour Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
SOURCE MonArc Corporation (MONA)
ASPZ nice bounce from .05. I'm all out @ .08
ACAH (.22) ACA Capital Enters into Fifth Forbearance Agreement Extending Forbearance until July 15, 2008
Friday, June 20 2008 3:02 PM, EST
Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)--
ACA Capital Holdings, Inc. (OTC BB: ACAH.PK) today announced that it has entered into a fifth forbearance agreement with its Structured Credit and other similarly situated counterparties. The forbearance will remain effective through 6:00 pm ( New York City local time) on July 15, 2008 .
Source: ACA Capital Holdings, Inc.
OXIS I see some weird #s on my OMNIPRO bid
BEYS (1.90) Best Energy Services to Announce Fiscal First Quarter Results on Wednesday, June 25, 2008
Friday, June 20 2008 2:51 PM, EST
PR Newswire "US Press Releases "
HOUSTON , June 20 /PRNewswire-FirstCall/ -- Best Energy Services, Inc. (OTC Bulletin Board: BEYS), a U.S. energy equipment and services provider, today announced that it plans to report its fiscal first quarter results for the three months ended April 30, 2008 on Monday, June 23, 2008 .
The Company will also host a teleconference on Wednesday, June 25, 2008 , beginning at 4:15 PM Eastern, and invites all interested parties to join management in a discussion regarding the financial results, corporate progression and other meaningful developments. The conference call can be accessed via telephone by dialing toll free 1-800-366-3908 or via the web at http://www.BEYSinc.com. For those unable to participate at that time, a replay of the webcast will be available for 90 days on http://www.BEYSinc.com.
About Best Energy Services, Inc.
Based in Houston, Texas , Best Energy Services, Inc. is a leading drilling and ancillary services provider to the domestic oil, gas and mining industries. Through its subsidiaries, Best Well Service, Inc. and Bob Beeman Drilling Co. , and its American Rig Housing operations, the Company is actively engaged in supporting the exploration, production and/or recovery of oil, gas, water and mineral resources in Arizona , Colorado , Kansas , New Mexico , Nevada , Oklahoma , Texas and Utah .
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company's Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company's ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel -- including highly qualified executives, management and operational personnel, ability to negotiate favorable current debt and future capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
FOR MORE INFORMATION, PLEASE CONTACT
Elite Financial Communications Group
Dodi B. Handy, President and CEO
407-585-1080 or via email at BEYS@efcg.net
SOURCE Best Energy Services, Inc.
Yea I just looked too. I don't see him anywhere on the ask. And I hope it stays that way!
k ARCA gone. Lets see if it will move now
lol. I'm hoping for the same thing
Yea ARCA is a beast. He just doesn't move
SWEB (.40) Coal hunt extends to Manitoba
Friday, June 20 2008 2:02 PM, EST
M2 "Press Wire "
M2 PressWIRE - June 20, 2008 - Coal permit applications still coming in from area plays near Goldsource Resources
( New York ) June 20, 2008 - Stockhouse reports in resource news today, Greencastle Resources (TSX-V: VGN) released news that it was applying for coal permits along the Manitoba / Saskatchewan border (on the Manitoba side). The application comes with a connection, of course, to the hottest Canadian coal story going: Area plays surrounding Goldsource Mines (TSX-V: GXS).
Companies on the Manitoba side are starting to generate the same interest as those on the Saskatchewan (the Goldsource) side - including Greencastle and Bitterroot Resources (TSX-V: BTT). From the Greencastle news release:
"The Greencastle permit application covers approximately 1,600 hectares on the Manitoba side of the Saskatchewan border some 12 km from the Goldsource permit area. The geological map of the Manitoba Geological Survey indicates the area to be underlain by the Swan River Formation of the same Cretaceous age as the Goldsource coal discovery."
For the full press release, visit http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DV%2EVGN%26newsid%3D6946636
Greencastle CEO Anthony Roodenburg pointed out that if certain geological assumptions prove correct, the coal vein that Goldsource discovered might very well extend onto Greencastle's permitted area, and in fact may even be "nearer to the surface."
The stock price of Greencastle has been powering up since early June, rising from about 12 cents to today's level of near 40 cents . The stock is up 23% today alone (as of 12:00pm EST .)
On the Stockhouse Bullboard for Greencastle, Stockhouse member 'behindblueeyes' was one investor who said the share price rise has been "slow and steady, just the way I like it, like a real company, with smart investors." Maybe from a certain perspective, but a 233% gain within one month certainly isn't everyone's definition of slow and steady.
Another member, 'juicyorebody,' posted a map that defines the lay of the land in terms of geological era and includes notes for the location of Goldsource's find and Bitterroot's permit applications.
For the map, visit http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=23480680&l=0&r=0&s=VGN&t=LIST
Still another member, 'sunnyday1,' reiterated another point made by Roodenburg in the news release, which is that the permit process in Manitoba is costlier and more time consuming than in Saskatchewan . Will that change things for companies as far as investor interest is concerned? Time will tell.
Follow the action on the Greencastle Bullboard at http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=VGN&t=LIST
For the original Stockhouse article with links and disclosure policy, visit http://www.stockhouse.com/Community-News/2008/June/20/Coal-hunt-extends-to-Manitoba
To comment or join in on the conversation, sign up to become a Stockhouse member at http://www.stockhouse.com/General/MemberBenefits.aspx
About Stockhouse
Stockhouse is a leading online financial portal owned and operated by Stockgroup Media Inc. Stockhouse is home to Bullboards message board - Canada's largest community of active investors. It provides financial news, tools and information that enable its investor community to uncover and share opportunities in the markets and collectively beat the street. Recognized for its engaged audience, Stockhouse provides a sought-after demographic for advertisers.
Legal notice regarding Trademarks "Stockgroup," "Stockhouse" and "Bullboards" are either registered trademarks or trademarks of Stockgroup Information Systems Inc. and/or its affiliated companies in Canada , the United States and/or other countries. Other names may be trademarks of their respective owners.
The TSX Venture Exchange and the OTCBB have not reviewed and do not accept responsibility for the adequacy or accuracy of this press release.
Comments made by Stockhouse community members contained in this press release may be edited for language, brevity or clarity.
To find out more about Stockgroup (OTCBB: SWEB, TSX-V: SWB), visit our website at www.stockgroup.com.
((Comments on this story may be sent to info@m2.com))
© 2008 M2 COMMUNICATIONS LTD
Nah, ARCA has been the seller. Who knows where it's going. I grabbed .015 and avg down @ .0111 so I'm down. May keep tanking
LOL yup
AVAL (.078) Avalon Capital Holdings Reports Contest Trading Volumes in Excess of $225 Billion
Friday, June 20 2008 1:49 PM, EST
Business Wire "US Press Releases "
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--
Avalon Capital Holdings Corporation (OTC:AVAL), and its wholly owned subsidiary, Traders Development LLC , announced today that trading volumes for its trading contests in 2008 are at $234,572,233,156 as of June 20th, 2008 . The most popular currency pairs traded are the EUR/USD, GBP/JPY, GBP/USD, USD/JPY, and EUR/JPY. Contestants have traded over $67 billion on the EUR/USD currency pair. The top 3 traders in Contest 1 have already received prizes and many contestants have indicated their intention to open live trading accounts.
In making the announcement, Alex De Khtyar, President of Avalon Capital Holdings Corporation , stated, "These demo trading contests have proved to be effective in increasing trading volumes on the Avalon FX Pro 4.1 Trading Platform. For the past couple months there have been approximately $2 billion traded per day in Avalon's demo contest. Avalon's large contest trading volumes prove that traders on the Avalon FX Pro 4.1 trading platform are active traders and that the Avalon system should bring value to any clearing house that offers Avalon FX Pro 4.1 to their trading clients."
About Avalon Capital Holdings Corporation
Avalon Capital Holdings Corporation , through its subsidiaries, develops, markets and distributes high-performance trading software for financial companies that engage in online trading. The Company offers products related to the Foreign Exchange ("Forex"), the world's largest capital market according to The Bank of International Settlements . For additional information please visit http://www.avalonch.com/ or email info@avaloncapitalholdings.com.
About Traders Development, LLC
Traders Development, LLC is a financial software company based in Irvine, California . Traders Development plans to be a leading technology provider of foreign exchange trading and data solutions to trading professionals and qualified organizations. Traders Development also provides turn-key or customized solutions to qualified organizations including dealing interface (or graphic user interface-GUI), application program interface (API), back-office processing, database, servers, technical support and upgrades. Traders Development has developed and owns its proprietary Forex trading platform, Avalon FX Pro(TM). For additional information contact info@tradersdevelopment.com.
A number of statements referenced in this Press Release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Avalon Capital Holdings Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Avalon Capital Holdings Corporation does not undertake any responsibility to update the "forward-looking" statements contained in this news release. Any communications received by fax or e-mail concerning Avalon Capital Holdings Corporation which have not been authorized by the Company or its investor relations/media advisory firm are specifically disavowed by the Company.
Source: Avalon Capital Holdings Corporation
PINR (.0004) Pine Ridge Holdings Announces Plan for Spin-Out
Friday, June 20 2008 1:34 PM, EST
Market Wire "US Press Releases "
FORT WAYNE, IN -- (MARKET WIRE) -- 06/20/08 -- Pine Ridge Holdings, Inc. (PINKSHEETS: PINR) CEO Kevin May announced today spin-out plans for ServeNation and a potential future dividend.
Over the last several weeks much time has been spent examining how best to take advantage of the ServeNation holding. Although there is no question in our minds that ServeNation could be a strong long-term hold, we also realize that with the potential valuation model for Internet-based companies, the opportunity to market ServeNation is also a viable option.
As a result we have already started working with a local M&A consultant to assist in the valuation model and marketing of ServeNation. A simple yet accurate financial model has been built in that for every 50 orders per day on the ServeNation site, the value of for PINR holding increases by $20 million . As soon as sales reach 100 per day, we will begin the process of marketing ServeNation for sale.
ServeNation is currently averaging 10 orders per day. It is now management's goal to shift from a long-term growth plan to a short-term sales burst. More details about the M&A group in future press releases. Proceeds from the sale of ServeNation will of course be used to acquire additional holdings. However, to show just how strongly management is focused on shareholder value, a portion of the sale of ServeNation will be allocated as a dividend -- almost unheard of among Pink Sheet companies.
May commented, "Every step we have taken has been to increase shareholder wealth. I knew on day one that ServeNation could be the cornerstone of PINR. I believe that we can grow the value of the company in just the next few months to $40 million . At that point, all effort will be employed to sell ServeNation."
May continued, "To keep our shareholders abreast of each step towards the sale and the unprecedented dividend this potentially represents, we will be providing regular updates on the PINR website. When I started PINR, I knew that the shareholders were the key to our success and I intend to reward them for their loyalty. I want to be upfront about our goals and then share on a regular basis our progress towards our goals."
Additionally, the Company has accepted the resignation of Brian Kistler and New Opportunity Business Solutions as the company's corporate financial and communications advisor. The Company intends to announce a new IR firm at a subsequent date.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact:
Pine Ridge Holdings, Inc.
Kevin May
President/CEO
260-637-1551
Grabbed some too but ARCA isnt budging
OXIS .015 -70.00%. Bounce time?
Ahh man. lol, I gotta bail. Yea, we def are in the wrong biz. They get paid to dump shares. Tqhanks for the info
TNOG (.0045) Titan Oil and Gas Announces the Addition of a Board Member and Updates Information on Pink Sheets Listing Service
Friday, June 20 2008 12:30 PM, EST
Business Wire "US Press Releases "
AUSTIN, Texas --(BUSINESS WIRE)--
Titan Oil and Gas Inc. (Pink Sheets:TNOG) is pleased to announce the addition of Mr. Shelby Clark to the Board of Directors. He will also be taking the positions of Secretary and Chief Legal Officer (CLO). Mr. Clark's experience in the small cap market is invaluable to our plans to move forward with project acquisition as well as bring the company's corporate books up to date. He holds a law degree from the University of California , Hastings, where he graduated magna cum laude and edited the Hastings Law Journal . Mr. Clark is admitted to the state bar associations in both California and Oregon . Mr. Clark's expertise ranges from seed-round and subsequent equity funding, bridge-note and other debt financings, acquisitions, and assisted on significant transactions up through initial public offerings.
He will also help the company achieve "Current Information Provider" on Pinksheets.com as well as help the company move to start our SEC filings. "I enjoy structuring innovative transactions and developing approaches that benefit all parties in business deals and partnerships," said Mr. Clark of his position's role within the company. "Our ability to act quickly and effectively, and the developing trust we have with our partners, pave the way for further growth."
Titan has brought the corporate and financial information up to date per the requirements listed at Pinksheets.com for Pink OTC Inc. to be a "Limited Information Provider." The information that is now listed on the Pink Sheets website includes the initial company information and disclosure statement as well as the company's financials. The legal opinion letter with respect to adequate public information will be added in the next few weeks after it has been reviewed by the company's CLO. After the opinion letter is added the company will meet the criteria required to be listed as a "Current Information Provider." The completed documents have been added to the Titan Oil and Gas page at Pinksheets.com under the tab "filings" in the following link,
http://pinksheets.com/pink/quote/quote.jsp?symbol=tnog#getQuote.
ABOUT TITAN OIL AND GAS, INC
Titan is an energy company with interests in oil and gas development, drilling and production. Titan follows a conservative business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration and development of new properties. For further information about Titan Oil and Gas please visit our website at http://www.TitanOilandGas.com or blog at http://www.TitanOilandGas.com/wordpress.
Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Titan Oil and Gas, Inc. ) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. Please read the full disclaimer here: http://www.TitanOilandGas.com/disclaimer.
Source: Titan Oil and Gas Inc.