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CorpHQ, Inc. COHQ today reported financial results for the fiscal year ended
December 31, 2005 that exceeded prior analyst forecasts in all areas. The
CorpHQ Inc. Voluntary Annual Report containing independently reviewed
financial statements has been posted at
http://www.pinksheets.com/quote/finance.jsp?symbol=COHQ and is available for
download now.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050628/LATU103LOGO )
Financial highlights for the fiscal year 2005 include:
* Total revenue increased by 43% over fiscal year 2004 to $2,572,514;
* Assets increased by 31% to $4,654,858;
* Net income for the year was $650,103 or $0.005 per share on a diluted
basis;
* The Company paid down $511,002 of debt to end the year with just
$19,441 in current liabilities; and
* The Company also built a year end 2005 cash balance of $464,078.
Steve Crane, co-founder and CEO of CorpHQ Inc. stated, "CorpHQ finished
the year in an extremely strong position as we completed the most successful
year in the Company's history. Our management team has now generated five
consecutive years of revenue and asset growth and profitability, and we are
proud of the effort, focus and determination exhibited by our team."
Crane added, "Equally as important as our strong financial results, is the
real progress we made in executing the growth strategies we outlined at the
beginning of 2005. First, our UK operation played a key role in the
company-wide effort made to close the large block sale of Safeguard Technology
shares to its existing shareholders. Second, we have broadened our capital
base and strengthened our management team. This has given us additional
capacity which we believe will allow us to increase the number of portfolio
companies we can effectively address at any given time. Finally, we have made
a fundamental strategic transition from slowly developing companies from
concept to accelerating the growth of existing companies."
"We believe the accomplishments of 2005 have made CorpHQ a stronger, more
mature company. With two portfolio companies planning to go public early this
year, one progressing nicely and a stack of interesting business plans from
new candidates, 2006 is shaping up to be an excellent year."
About CorpHQ, Inc.
CorpHQ, Inc. provides money and management to high caliber early stage
companies, fast-tracking their growth from startup to profitability. Acting
as a business accelerator, CorpHQ works with high potential entrepreneurs and
provides both the capital and hands-on leadership needed for long term growth.
The company has a track record of building successful businesses and making a
profit. Since 2001, it has helped develop seven companies while generating
five consecutive years of growth and earnings for shareholders.
The information highlighted in this press release is contained in, and
qualified in its entirety by the full text of, the Voluntary Report referenced
above, and all readers are encouraged to consult the full report which
includes, among other things, risk factors and other information necessary for
a complete understanding of the company. Revenue and earnings figures quoted
included both realized and unrealized gains. See "Factors Affecting Our
Business Condition" in the subject Voluntary Report for additional
information.
The Voluntary Report referenced herein is available for immediate download
at http://www.pinksheets.com/quote/finance.jsp?symbol=COHQ and at
http://www.corphq.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts
contain certain forward-looking statements, as such term is defined in the
Private Litigation Reform Act of 1995, concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the company to which this release pertains. These forward looking statements
involve known and unknown risks, uncertainties and other factors that may
cause our actual results of the specific items described in this release, and
the company's operations generally, to differ materially from what is
projected in such forward-looking statements. Although such statements are
based upon the best judgments of management of the company as of the date of
this release, significant deviations in magnitude, timing and other factors
may result from business risks and uncertainties including, without
limitation, the company's dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. 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. Moreover, neither we nor
any other person assumes responsibility for the accuracy and completeness of
such statements, and we disclaim any obligation to update information
contained in any forward-looking statement.
For more information please contact:
CorpHQ, Inc. Investor Relations
310-540-8851 Alan Silberberg or Gregg Davis
aws@corphq.com or gregg@corphq.com
SOURCE CorpHQ, Inc.
Contact Information:
Investor Relations, Alan Silberberg, aws@corphq.com, or Gregg Davis, gregg@corphq.com, both of CorpHQ, Inc., +1-310-540-8851
WebSite:
http://www.corphq.com/
UPDA Universal Property Development and Acquisition Corporation ) and VALA Resources, Inc. of Laredo, Texas
have entered into a Memorandum of Understanding to establish a joint
venture corporation to trade in crude petroleum products. The joint
venture corporation will be known as UPDA Petroleum Trading, Inc.
(UPDA Trading). UPDA will own 80% of this new subsidiary which will be
managed by VALA.
UPDA Trading has received an initial offer which would allow it to
purchase 6000 barrels of crude oil condensate per week. This
condensate will be generated by Petroleos Mexicanos (PEMEX)
(www.pemex.com) and will be sold to UPDA Trading at a discount. The
condensate will be delivered to Brownsville, Texas by tanker truck
from which point UPDA Trading will take possession and deliver it to a
refiner.
"We believe this new trading arm is a perfect compliment to our
existing business model," said UPDA Vice President Chris McCauley. "It
allows UPDA to enter the petroleum arbitrage business, balance our own
production and leverage our relationships with refiners. It also
provides us with great flexibility for further vertical expansion
within the industry."
The trading activity of UPDA Petroleum Trading, Inc. will be
reported together with all well production at
www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation
(OTCBB:UPDA) focuses on the acquisition and development of proven oil
and natural gas reserves and other energy opportunities through the
creation of joint ventures with under-funded owners of mineral leases
and cutting-edge technologies.
About PEMEX
Petroleos Mexicanos (PEMEX) is Mexico's state-owned, nationalized
petroleum company. PEMEX not only fuels Mexico's automobile engines,
the company also fuels the nation's economy, accounting for some
one-third of the Mexican government's revenues and 7% of its export
earnings. The integrated company's operations, spread throughout
Mexico, range from exploration and production to refining and
petrochemicals. PEMEX's P.M.I. Comercio Internacional subsidiary
manages the company's trading operations outside the country. PEMEX
has proved reserves of 16 billion barrels of oil and 14.8 trillion cu.
ft. of natural gas.
Statements contained in this press release that are not based upon
current or historical fact are forward-looking in nature. Such
forward-looking statements reflect the current views of management
with respect to future events and are subject to certain risks,
uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize or should underlying assumptions prove
incorrect, actual results may vary materially from those described
herein as anticipated, believed, estimated, expected, or described
pursuant to similar expressions.
Note to Editors: There should be an accent mark over the first "o"
in "Petroleos."
KEYWORD: NORTH AMERICA CENTRAL AMERICA FLORIDA TEXAS UNITED STATES MEXICO
INDUSTRY KEYWORD: ENERGY OIL/GAS CONTRACT/AGREEMENT
SOURCE: UPDA
CONTACT INFORMATION:
Universal Property Development and Acquisition
Corporation
Investor Relations
Bradford Moore, 561-630-2977
info@updac.com
Zenex International, ZENX a leading provider of commercial roofing, repair and maintenance work, as well as
disaster recovery services today reported its financial results for
the fourth quarter and full year ended December 31, 2005.
For the fourth quarter, revenues were $17.3 million, an 8%
increase over the $16 million reported in the prior year period. Net
income for the fourth quarter was $2.5 million, a 30% increase over
the $1.9 million for the fourth quarter of 2004. Earnings per share
for the fourth quarter were $0.03 per fully diluted share versus $0.02
per fully diluted per share reported in the prior year.
For the full year, revenues totaled $59.2 million, a 113% increase
over the $27 million reported for 2004. Net income rose to $9.3
million, or $0.12 per fully diluted share versus the $1 million, or
$0.02 reported in the prior year. Revenues in 2005 included $42.2
million for storm-related work in Florida and Mississippi versus $10.6
million in 2004.
Ron Carte, Zenex's President and CEO said, "2005 was a year of
dramatic developments and great successes. Our core roofing business
remained stable during a year which saw a significant change in the
management of that business. At the same time, our relationship with
Oklahoma Development Group gave us the unique opportunity to bid for
and be awarded contracts for storm related work. Finally, our ability
to service such large contracts is a testament to our rapid response
capabilities and the geographic scale of our business."
"We look forward to growing our core roofing business by focusing
on the commercial roofing market and emphasizing our expanded product
offerings and extensive maintenance capabilities. At the same time,
while any storm related work is by definition weather dependent, we
are confident in our abilities to respond quickly and effectively
should the need arise," concluded Carte.
Commenting further, Reggie Cook, CFO noted, "Not only are we
pleased with our 2005 results, we are particularly happy with the fact
that while we saw a dramatic increase in revenues, we were able to
control the growth in expenses. Operating expenses were 75% of
revenues in 2005 versus 91% of revenues in 2004. We also reduced our
long term debt from $915,452 to $295,390 as we took the opportunity to
repay a portion of the debt with cash generated from operations."
Webcast and Conference Call
Shareholders and other interested parties are invited to listen to
Zenex International's conference call hosted by Carte and Cook,
scheduled for 11:00 am EST, today, March 15, 2006. Those interested in
participating on the conference call may dial +1 617-213-8853 and
enter access code 45121061 or via the Internet at:
-0-
*T
http://phx.corporate-ir.net/playerlink.zhtml?c=108715&s=wm&e=1230055.
*T
About Zenex International
Zenex International, Inc. is the holding company of Aduddell
Roofing, www.aduddell.com, one of the leaders in the commercial
roofing industry nationwide. Through Aduddell Roofing and other
subsidiaries, Zenex International offers Fortune 500 companies and
large governmental agencies a broad range of roofing services,
including re-roofing, restoration and repair, new roof construction,
sheet metal fabrication, and waterproofing. In addition to work on
large projects and high security roofing matters, the company has a
nationally recognized track record for handling disaster recovery and
emergency projects efficiently and cost effectively. More information
about Zenex International can be found at www.zenex.net
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995:-- This press release contains certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Prospective investors are
cautioned that any such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties, and that
actual results may differ materially from those projected in the
forward-looking statements as a result of various factors.
-0-
*T
Zenex International
Consolidated Income Statement
(In Thousands, Except Per Share Data)
2005 2004
----------- -----------
Revenues $59,227,145 $27,828,362
Operating Expenses
Cost of sales 41,668,047 23,262,586
Selling, general and administrative 2,772,785 2,011,624
Warranty expense 138,847 110,820
----------- -----------
44,579,679 25,385,030
----------- -----------
Operating Income 14,647,466 2,443,332
Other Income (Expense)
Interest and dividend income 86,039 75,139
Gain(loss) on sale of equipment 12,369 3,228
Other income 197,862 34,924
----------- -----------
296,270 113,291
----------- -----------
Net Income from Operations
Before Income Taxes 14,943,736 2,556,623
Income tax expense 5,618,797 1,022,488
----------- -----------
Net Income 9,324,939 1,534,135
Other Comprehensive Income
Unrealized holding gains 14,146 1,230
Reclassification adjustment - -
----------- -----------
Comprehensive Income $ 9,339,085 $ 1,535,365
=========== ===========
Primary Earnings per Share $ 0.191 $ 0.032
=========== ===========
Fully Diluted Earnings per Share $ 0.115 $ 0.019
=========== ===========
Zenex International
Consolidated Balance Sheet
(In Thousands, Except Per Share Data)
2005 2004
------------ -----------
Assets
Current Assets
Cash $ 22,330,751 $ 2,500,561
Accounts receivable, net of allowance 4,614,895 4,756,142
Estimated earnings on uncompleted contracts 2,158,971 1,363,505
Prepaid expenses & other 185,038 205,021
------------ -----------
29,289,655 8,825,229
------------ -----------
Non-Current Related Party Receivable 1,801,133 1,730,340
------------ -----------
Property and Equipment 2,069,686 1,839,807
Less: accumulated depreciation (879,737) (1,387,818)
------------ -----------
1,189,949 451,989
------------ -----------
Other
Investments 423,110 5,740
Deferred tax asset - 35,000
------------ -----------
423,110 40,740
------------ -----------
$ 32,703,847 $11,048,298
============ ===========
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of long-term debt $ 213,410 $ 734,257
Accounts and subcontract payables 11,825,466 3,935,652
Accrued liabilities 250,883 253,329
Insurance payable 40,458 245,099
Income tax payable 5,349,105 112,002
Billings in excess of costs and estimated
earnings on uncompleted contracts 97,784 225,088
------------ -----------
17,777,106 5,505,427
------------ -----------
Long-Term Debt (Net of Current Portion) 81,980 181,195
------------ -----------
Deferred Income Taxes 144,000 -
------------ -----------
Zenex International
Consolidated Balance Sheet Continued
(In Thousands, Except Per Share Data)
Stockholders' Equity
Preferred stock ($0.001 par value,
20,000,000 shares authorized, no shares
issued and outstanding) - -
Common stock ($0.001 par value,
100,000,000 shares authorized, 48,737,921
and 48,737,921 shares issued and
outstanding at December 31, 2005 and 2004) 48,738 48,738
Paid-in capital 4,860,632 4,860,632
Unrealized gain (loss) on available-for-
sale securities (3,569) (17,715)
Retained earnings 9,794,960 470,021
------------ -----------
14,700,761 5,361,676
------------ -----------
$ 32,703,847 $11,048,298
============ ===========
*T
KEYWORD: NORTH AMERICA OKLAHOMA UNITED STATES
INDUSTRY KEYWORD: GOVERNMENT GOVERNMENT AGENCIES PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE EARNINGS CONFERENCE CALL WEBCAST
SOURCE: Zenex International, Inc.
CONTACT INFORMATION:
General Inquiries:
Cameron Associates
John McNamara, 212-554-5485
john@cameronassoc.com
New Mexico Software,Inc. NMXC), announced today that
X-Ray on Wheels has deployed New Mexico Software's XR-EXpress, a web-based
teleradiology picture archiving and communication system (PACS).
Leon Hrncir, owner of X-Ray on Wheels, said, "XR-EXpress is an easy-to-use
product that is tailored for the radiology industry. The image and case
submission is easy, clean, quick and efficient, providing the technicians the
best opportunity to get it right the first time. The XR-EXpress control
dashboard allows us to track the cases in real time and provides our customers
the best possible service."
Bruce A. Stabile, president of New Mexico Software's Health Care Division,
said, "X-Ray on Wheels is a welcome addition to the XR-EXpress family. In a
few short days, the system was set up and the staff was trained, operational
and reaping huge benefits from the service. The company quickly incorporated
the workflow capabilities of the system into the operation. X-Ray on Wheels is
using the full functionality of the system, providing its customers enhanced
deliverables and a new level of services to health care customers. New Mexico
software is committed to X-Ray on Wheels' success."
About X-Ray on Wheels
X-Ray on Wheels is a leading provider of radiology services to facilities
in Texas. Based in Corpus Christi, the staffs of radiology technicians are
strategically located to take medical images at the patient's bedside,
eliminating the need for transportation to local hospitals. Digital
technologies allow results to be returned via Internet, thereby improving test
turn-around time and optimizing patient care. X-Ray on Wheels specializes in
providing solutions to the challenges of health care providers, from assisting
physicians with licensing and credentialing to matching physicians with
clients, systems and/or support staff. For more information, call toll free
(888) XRAY007 or e-mail xraysonwheels@aol.com .
About XR-EXpress
XR-EXpress is a web-based teleradiology and PACS solution for doctors,
hospitals, physician practices, X-ray companies and other medical providers
who need to ingest, interpret and generate medical reports. The technology can
store, organize and access vital patient medical diagnostic images (X-ray,
EKG, CT, MRI, ultrasound, etc.) anytime and anywhere there is access to an
Internet browser and connection.
About New Mexico Software
New Mexico Software is a leading provider of information management
solutions that significantly improve the interface between the paper world and
the digital world, facilitating a true paperless environment. It is the only
public company providing web-based integrated services for individuals and
companies, large or small, which allows full access to data from anywhere in
an easy-to-use, familiar browser environment at an affordable price. For more
information, visit either http://www.nmxc.net or http://www.nmxs.com , or
contact Dick Govatski, president and CEO, at (505) 255-1999 or ceo@nmxs.com .
An investment profile on New Mexico Software may be found at
http://www.hawkassociates.com/nms/profile.htm . For an online investor
relations kit, visit http://www.hawkassociates.com or
http://www.americanmicrocaps.com . For more investor-related questions,
contact Frank Hawkins, Hawk Associates, at (305) 451-1888 or
info@hawkassociates.com .
The foregoing press release contains forward-looking statements including
statements regarding the company's expectation of its future business. These
forward-looking statements are subject to a number of risks and uncertainties,
many of which are beyond the company's control. Actual results could differ
materially from these forward-looking statements.
SOURCE New Mexico Software, Inc.
Contact Information:
Dick Govatski, president and CEO, New Mexico Software, +1-505-255-1999, or ceo@nmxs.com; or investors, Frank Hawkins of Hawk Associates, +1-305-451-1888, or info@hawkassociates.com, for New Mexico Software; or X-Ray on Wheels, +1-888-XRAY007 (+1-888-972-9007), or xraysonwheels@aol.com
WebSite:
http://www.americanmicrocaps.com
Industrial Nanotech INTK) is pleased to announce that a patent protecting the Company's
Nansulate line of protective coatings has been approved by the U.S. Patent and
Trademark Office. Originally filed nationally and internationally in November
2003, this patent covers the Company's coating products that have the combined
performance qualities of thermal insulation, corrosion protection, and mold
resistance.
Industrial Nanotech anticipates that the receipt of this patent on its core
products will provide a strong competitive advantage in the marketplace,
contribute to increased revenue opportunities and add significant value to the
Company's intellectual property portfolio.
Industrial Nanotech's VP of Operations, Francesca Crolley, states, "Receiving
patent approval represents a key milestone for Industrial Nanotech. Nansulate is
truly a revolutionary product that deserves singular recognition and this patent
provides the necessary protection in the marketplace."
"Having patent protection for Nansulate will significantly enhance our ability
to move forward with companies that are currently interested in forming
cooperative relationships with Industrial Nanotech to combine their established
distribution channels and market presence with our strength in developing
innovative technologies based on nano-science," commented Stuart Burchill, CEO
of Industrial Nanotech, Inc. "This patent should expedite these negotiations by
eliminating the concerns of our potential business partners regarding investing
a great deal into our business relationship without the benefit of patent
protection on our technology."
About Nansulate
Nansulate is a water-soluble tinted or translucent coating containing a
nano-science based material. The coating's ability to resist mold, prevent
corrosion and provide thermal insulation is well-documented. The Company and its
licensed distributors distribute Nansulate products worldwide.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader.
The Company seeks to introduce new and innovative applications for
nanotechnology by participating with world leading scientists and laboratories,
including the U.S. Center CINT National Laboratories and Princeton Polymers
Laboratories. See www.industrial-nanotech.com for more information.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This release includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties including, but not limited to, the impact of
competitive products, the ability to meet customer demand, the ability to manage
growth, acquisitions of technology, equipment, or human resources, the effect of
economic and business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any forward-looking
statements in order to reflect events or circumstances that may arise after the
date of this release.
The Industrial Nanotech Inc. logo is available at:
http://www.primezone.com/newsroom/prs/?pkgid=1701
CONTACT: Industrial Nanotech Inc.
(800) 508-6153
corporate@industrial-nanotech.com
ZA Consulting, Inc.
Investor & Public Relations:
David Zazoff
(212) 505-5976
PressReleases@Za-Consulting.net
Homeland Integrated Security Systems, Inc. HISC has completed the installation of its revolutionary Cyber
Tracker on the fleet of Rentrop Tugs, based on the Gulf Coast of Louisiana.
The tugboat company is utilizing the Cyber Tracker's data capabilities to
transmit real-time video from every boat on its fleet. The video provides
security as well as a way for the company to monitor things such as
location and weather as its fleet works along the 400 miles of the
Louisiana coastline. The cameras are now especially valuable due to the
damage done last year by Hurricane Katrina, since many of the docks and
shore structures have been destroyed.
"Cyber Tracker has exceeded our expectations in terms of its functionality
and performance and began working perfectly upon installation," said
Patrick Rentrop, of Rentrop Tugs, Inc. "Because our fleet of tugboats and
towboats traditionally work in remote locations and extreme
environments, the real-time streaming video and GPS tracking features of
Cyber Tracker will be an exceptional asset to our company and will also be
of tremendous value to our customers."
The Cyber Tracker is a GPS device that features real-time tracking,
geo-fencing, and push-to-talk technology along with an extended-life
battery. Its Ethernet port provides the ability to transmit wireless data
and video. Developed by Homeland Security Systems, the Cyber Tracker is
the first of its kind to offer this combination of technology in a tracking
device that monitors a vehicle's location, stops, and speed, all at an
affordable cost. The Cyber Tracker's convenient rugged design (5" x 5" x
1") makes it applicable in a variety of situations where it is necessary to
know the exact location of a person or object.
"The Cyber Tracker is such and impressive device, we will be ordering more
of the units for installation in our company's trucks and cars used in
transporting supplies and crews. The Cyber Tracker is going to be a big
'hit' with the marine transportation industry," continued Rentrop.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has
the rights to use patents to some of the most innovative and sophisticated
security products. Cyber Tracker technology has applications for data and
tracking functions across numerous verticals. For more information please
visit our website www.hissusa.com .
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such statements
about the Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking statements be
subject to the safe harbors created thereby. Homeland Integrated Security
Systems, Inc. is a development stage company who continues to be dependent
upon outside capital to sustain its existence. Since these statements
(future operational results and sales) involve risks and uncertainties and
are subject to change at any time, the Company's actual results may differ
materially from expected results.
Media Relations Contact:
Graham Wilson
PRStreet
1-888-736-3787
Investor Relations Contact:
Matt Maguire
1-866-THE-APPL(E)
NextPhase Wireless NXPW), a next-generation connectivity company that specializes in integrated
Internet, voice and data communication solutions, today announced it has
signed a Letter of Intent with Onasi, Inc. (OnSat) to form a joint venture
to provide integrated connectivity solutions, using satellite backhaul and
wireless 'last mile' technologies, to rural US markets and developing
markets internationally.
"When it comes to connectivity solutions, one size does not fit all. Thirty
percent (30%) of the US will never be covered economically by traditional
wired broadband solutions, but the combination of satellite and wireless
technologies can deliver cost-effective broadband Internet access, video
and VOIP services to those markets and communities. With satellites
providing ready access to anywhere in the world and the speed with which a
hybrid solution can be deployed, new customers can be brought online in a
matter of days," said Robert Ford, NextPhase's President and CEO.
"OnSat's experience in designing, deploying and operating large-scale
hybrid satellite/wireless networks is unequalled in the industry. On the
Navajo Nation, OnSat has already deployed one of the largest wireless
broadband networks in the world, covering 27,000 square miles and
delivering broadband Internet connectivity including distance education,
health, economic opportunity, public safety and e-government services to
more than 225,000 citizens. Together, we are well positioned to leverage
our collective expertise and aggressively pursue market share in the
underserved domestic markets, forecasted to be worth $4.4 Billion in 2007,"
added Ford.
"In partnering with NextPhase Wireless, we are teaming with a great company
that shares our vision of delivering cost-effective connectivity solutions.
NextPhase, like OnSat is driven by customer needs," said David Stephens,
OnSat's President and CEO. "Our patented SkyDSL® Satellite based Network
products and services complement and extend NextPhase's existing portfolio
of products and services, allowing cost-effective connectivity to be
rapidly delivered to customers, regardless of their location. Wherever
NextPhase's customers need connectivity, we can provide it," added
Stephens.
About NextPhase Wireless, Inc.
NextPhase Wireless is a next-generation connectivity company that
specializes in delivering integrated Internet, voice and data communication
solutions to its customers. The Company designs, deploys and operates its
own wireless networks and also provides wireless technology solutions to
businesses and municipalities. The Company is an active member of the WiMAX
Forum(TM) and the Wireless Communications Association International (WCA).
Leveraging its full-service capabilities and world-class infrastructure,
NextPhase Wireless offers a comprehensive portfolio of broadband solutions
that meet customers' needs today, and can anticipate and grow to meet their
needs of tomorrow.
About OnSat
OnSat is a worldwide satellite and wireless based communications company
that provides its customers with reliable, secure, managed, bi-directional
satellite and wireless broadband services, including high speed Internet,
video broadcasting, video conferencing, and telephony. Established in 2001,
OnSat has been a leader in offering solutions to bridge the digital divide
in an effort to expand Internet use in hard to reach areas. In particular,
OnSat has successfully implemented self-sustainable business models that
allow its services to be deployed and maintained in many remote communities
such as Native American lands, Honduras, Alaska, the Virgin Islands, Haiti
and even sites on the Amazon River.
Except for the historical information contained herein, this press release
contains forward-looking statements that involve risks and uncertainties.
Actual results may differ materially from the results predicted and
reported results should not be considered an indication of future
performance. In addition to the factors discussed in the filings with the
Securities and Exchange Commission, among the other factors that could
cause actual results to differ materially are the following: adverse
changes in the business conditions and the general economy; competitive
factors, such as rival companies' pricing and marketing efforts;
availability of third-party material products at reasonable prices; the
financial condition of the customer; risks of obsolescence due to shifts in
market demand; and litigation involving product liabilities and consumer
issues. NextPhase Wireless, Inc. cautions readers not to place undue
reliance upon any such forward-looking statements, which speak only as of
the date made. NextPhase Wireless, Inc. expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any such
statements to reflect any change in the company's expectations or any
change in events, conditions or circumstances on which any such statement
is based.
Contact:
NextPhase Wireless, Inc.
Robert Ford
800-748-5548
rford@npwireless.com
Investor Relations:
IR Affiliates
John Pentony
469-361-6239
NXPW@iraffiliates.com
HuntMountain Resources HNTM is pleased to announce that it has acquired the mineral exploration rights to three
property positions in the highly prospective Santa Cruz Province of
Argentina totaling approximately 74,000 acres (300 sq. km). The
properties, El Alazan, El Overo, and El Gateado, are located within
the same geological setting as the world class Cerro Vanguardia gold
mine operated by AngloGold Ashanti and Coeur d'Alene Mines' Mina
Martha silver project. The region also hosts several other
advanced-stage precious metal deposits, including San Jose, Manantial
Espejo, and La Josefina. The property positions were granted to agents
of Cerro Cazador S.A., HuntMountain Resources' Argentine exploration
company, on March 14, 2006, following approval of the filings by the
Santa Cruz Provincial Government.
The Santa Cruz properties were identified by HuntMountain
Resources' Vice President of Exploration Matt Hughes and Danilo Silva,
General Manager of South American Operations, who have over 20 years
of combined mineral exploration experience in Patagonia.
"We believe these particular property positions have excellent
potential for significant precious metal discoveries," said Matt
Hughes. "With our South American team now in place, we plan to quickly
delineate targets on each of the properties before the Argentine
winter season and look forward to drilling in the third and fourth
quarters of 2006."
HuntMountain Resources is a U.S.-based junior exploration company
engaged in acquiring, exploring and developing precious and base
metals properties throughout North and South America. Its current
holdings include the Dun Glen Gold Project in Nevada and approximately
74,000 acres of prospective precious metal properties in Santa Cruz,
Argentina.
This news release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act. Forward-looking statements are inherently subject to
risks and uncertainties, many of which cannot be predicted with
accuracy, and some of which might not even be anticipated. This news
release is neither a prospectus nor an offer to sell securities or
stocks in the company. It is intended for informational purposes only.
KEYWORD: NORTH AMERICA SOUTH AMERICA WASHINGTON ARGENTINA UNITED STATES
INDUSTRY KEYWORD: GOVERNMENT NATURAL RESOURCES MINING/MINERALS MERGER/ACQUISITION PRODUCT/SERVICE
SOURCE: HuntMountain Resources
CONTACT INFORMATION:
HuntMountain Resources, Spokane
Steve Taylor (Investor Relations), 509-892-5287
staylor@huntmountain.com
www.huntmountain.com
Graystone Park Enterprises Inc. GPKE announced today that it plans on issuing a 1 for 1 (100%) common stock
dividend in its wholly owned subsidiary Realco Partners, Inc.
(www.RealcoPartners.com). For every 1 share of GPKE (www.GPKE.com) that is
owned, the shareholder will receive 1 share of Realco Partners, Inc. as a
dividend. Graystone's management will announce a record date for the Realco
Partners, Inc. dividend soon.
GPKE has previously distributed a 1 for 1 (100%) dividend in its subsidiary
IC Places, Inc. (www.icPlaces.com) to all eligible shareholders.
Graystone's second planned 1 for 1 (100%) dividend is in its wholly owned
subsidiary Gray Publishing and Media, Inc. (www.eCasebriefs.com). Realco
Partners, Inc. is the third planned share for share (100%) dividend in
GPKE's quest to put the shareholder first. Realco Partners, Inc. has
acquired one wholly owned subsidiary, All-Star Baseball, Inc.
(www.AllStarComplex.com).
Realco Partners Inc. plans to pursue a variety of opportunities in which
they will acquire, develop, or purchase properties and then help establish
successful businesses on those properties. Realco Partners plans to work
with its sister companies, Foundation Franchises, Inc. and All-Star
Baseball, Inc. by acquiring real estate that will be used for many purposes
including future franchise locations. This business model will not only add
hard assets to Graystone's growing family of companies, but will also help
streamline the process for franchises.
About Realco Partners, Inc.
Realco Partners, Inc. is a diversified holding company that provides
consulting services to private and public companies. Realco Partners, Inc.
is also involved in identifying commercial and residential real estate that
can be acquired with limited cash infusions tied to favorable financing,
improved upon with competent management, and then sold, leased or held as
commercially viable real estate. Realco Partners, Inc. plans to capitalize
on its many relationships with Real Estate Brokerages, Brokers, Agents,
Mortgage Brokers, Mortgage Lenders, Appraisers, Home Inspectors and other
industry professionals. The Company plans to own commercial and residential
real estate located throughout the U.S. along with a portfolio of small cap
public securities.
About Graystone Park Enterprises, Inc.
Graystone Park Enterprises, Inc. (www.GPKE.com) was founded to assist the
small-business entrepreneur in growing his company and reducing the
pitfalls that normally stall a start-up company. Graystone plans on
acquiring healthy fledgling companies in need of assistance to dramatically
increase its market share. GPKE projects to acquire an additional 6-10
companies in 2006.
Graystone will maintain a percentage of each subsidiary company. With
Graystone's projected aggressive growth in revenues and asset ownership, it
is expecting to reach AMEX qualifications. GPKE has the knowledge and
expertise to take many growth companies to the next level. In doing so, it
is able to capitalize on various markets to maximize return on its
investment. The GPKE dividend distribution plan puts an emphasis on
bolstering shareholder value through its sizeable equity dividends in each
of its subsidiary companies.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor
for forward-looking statements made on behalf of the company. All such
forward-looking statements are, by necessity, only estimates of future
results and actual results achieved by Graystone Park Enterprises, Inc. and
may differ materially from these statements due to a number of factors.
Graystone Park Enterprises, Inc. assumes no obligations to update these
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting such statements. You
should independently investigate and fully understand all risks before
making any investment decisions.
Contact:
Graystone Park
Eddie Spade
President
407-386-6962
Email Contact
Morning Chief, Stockz, and All
Genoil Inc. GNOLF is pleased to announce that the United States Patent and Trademark Office has
approved the patent of its innovative upgrading technology, the GHU
(Genoil Hydroconversion Upgrader).
The GHU patent was officially issued on February 21, 2006 and it
means a great step in the commercialization of the upgrader. Genoil
is proud of offering this technology as an alternative to other
upgrading process and as a solution to the existing problems of the
oil and gas production and refinery industry. The GHU uses hydrogen
addition to convert heavy oil fractions into a lighter synthetic
crude, with reduced sulphur and nitrogen contents that can be
pipelined from the field without the need for mixing lighter oil or
adding diluents and bring a higher price that the heavy crude with
high sulphur content. The GHU process can not only increase the value
of the oil, but also increase the volume output, while eliminating
sulphur, nitrogen, metals and other contaminants from the oil, and
helping to meet tight environmental regulations for clean
transportation fuel. The GHU produces no coke in the upgrading
process unlike traditional upgrading schemes that use the coking
technology to upgrade, and the heavy residue fraction left after
upgrading is reused as a gasifier to product the required hydrogen to
operate the process.
Genoil has been working since the filing of this patent on
improvements in its process, and is planning additional patents to
cover those improvements in the near future.
"We are very excited about our newly issued US patent and
Genoil's outlook for the use of the GHU technology to help relieve
the current crude supply restrictions and allow the heavier crude
fractions to be upgraded into a more useful synthetic crude which in
turn will allow for increased production of motor fuels with reduced
sulphur content. The world's oil supply is getting heavier every year
and the GHU technology will allow producers to utilize their
production of heavy crude, receive a high price for the upgraded
crude and assist in keeping up with the increasing demand to find
more crude sources to meet the demand." said James Runyan, Genoil's
Senior Vice President of Operations and Engineering in Alberta.
Genoil is a technology development company providing solutions to
the oil and gas industry through the use of proprietary technologies.
Genoil's shares are listed on the TSX Venture Exchange under the
symbol GNO, as well as on the OTC Bulletin Board under GNOLF.OB.
ADVISORY: Certain information regarding the company, including
management's assessment of future plans and operations, may
constitute forward-looking statements under applicable securities law
and necessarily involve risks associated with oil and gas
exploration, production, marketing and transportation such as loss of
market, volatility of prices, currency fluctuations, imprecision of
reserve estimates, environmental risks, competition from other
producers and ability to access sufficient capital from internal and
external sources; as a consequence, actual results may differ
materially from those anticipated. The company assumes no obligation
to update the forward-looking statements or to update the reasons why
actual results could differ from those contemplated by the
forward-looking statements.
Statements included in this release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements involve a
number of risks and uncertainties such as competitive factors,
technological development, market demand, and the company's ability
to obtain new contracts and accurately estimate net revenues due to
variability in size, scope and duration of projects, and internal
issues in the sponsoring client. Further information on potential
risk factors that could affect the company's financial results can be
found in the company's Reports filed with the Securities and Exchange
Commission.
The TSX Venture Exchange has neither approved nor disapproved of t
he information contained herein.
Genoil Inc. (TSX VENTURE:GNO) (OTC Bulletin Board:GNOLF)
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES CANADA
INDUSTRY KEYWORD: ENERGY OIL/GAS PRODUCT/SERVICE
SOURCE: Genoil Inc.
CONTACT INFORMATION:
Genoil Inc.
James Runyan
Senior Vice President
(780) 416-5590
Website: www.genoil.net
Homeland Security Group International HMSG) announced today that the Combat Trauma Bag (CTB) is the latest
product item to be assigned a National Stock Number NSN: 6545-01-537-2342
by the Defense Logistics Agency (DLA). This bag was designed specifically
for US Army and Navy medics and the company has sold over 11,000 CTBs since
its debut.
"We are pleased to announce that our bags are being issued NSNs by the
DLA," commented Colonel Powers. "Our newest version, the Tactical Combat
Casualty Care Medical Bag (TC3-V1), was recently assigned National Stock
Number NSN: 6545-01-537-0686 by the Defense Logistics Agency (DLA). This
bag was designed specifically for US Army medics. The importance of these
bags receiving NSNs is that it makes them easier for units to stock, track
and re-order. We are continuing to respond to the immediate needs of those
currently in theater as well as those soon to deploy. HMSG has proven the
ability to react to the customers needs quickly with equipment and
services. Our GSA schedule streamlines and expedites our response and
provides exposure to the entire Department of Defense and other government
agencies," stated Col. Powers.
ABOUT THE COMBAT LIFESAVER AND COMBAT UTILITY BAGS
American-made and battle-tested, the Combat Trauma Bag (CTB), Combat
Utility Bag (CUB-V1) and Tactical Combat Casualty Care Medical Bag (TC3-V1)
are Master Designed specifically to meet or exceed the demands and needs of
first responder military field medical personnel. The CTB and CUB-V1 are
manufactured in a brand of high-quality, affordable and weatherproof 1000
denier Dupont Cordura material, yet designed for ease of wear and
versatility of use. The CTB and CUB-V1 can be worn via a padded, "sling"
style shoulder strap or waist belt system, as a standalone product or in
conjunction with existing military rucksacks or other military outer wear.
FEATURES:
-- Ergonomically contoured.
-- Secure side-squeeze locking system for shoulder strap or waist belt.
-- Designed to attach to and complement existing military field products.
-- Top and side-zippered pockets with sliders for fast and easy access.
-- Excellent American engineering.
-- Made with Cordura, an abrasion-resistant nylon material, engineered
for durability, strength, lightness and easy care.
ABOUT HOMELAND SECURITY GROUP INTERNATIONAL
Homeland Security Group International, Inc. (HMSG), (OTC: HMSG) is a
technology-based company with corporate headquarters in north county San
Diego. HMSG's mission is to develop and commercialize technology focused on
providing increased security for both civilian and military personnel
throughout the world. Under the leadership of Colonel Jeffrey A. Powers,
USMC (Retired), HMSG has assembled a portfolio of technology and services
through alliances with established defense-related companies and through
internal development that can be brought to market in a cost-efficient and
timely manner. The Company has also entered into an alliance with Recon
Mountaineer, LLC, (an Oceanside, CA.-based designer and manufacturer of
military combat gear for the United States Armed Forces). The company has
also partnered with GPS World Supply for the sale and distribution of GPS
units with exclusive Iraq and Afghanistan databases. HMSG has also aligned
itself with leading security firms to design and market surveillance
systems for homeland defense security applications.
This press release contains forward-looking statements pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. These statements include risks and uncertainties that may cause the
company's plans to change and are in no way intended to guarantee that the
company will be successful in executing its plans. HMSG's common stock
currently trades on the over-the-counter "Pink Sheets" under the symbol
"HMSG." This press release in no way constitutes any recommendation
regarding the securities of HMSG or its affiliates. Any person reading this
press release is advised that this release should be considered in light of
all facts and circumstances regarding the business and financial condition
and prospects of HMSG, and no inference is made in this release contains
all such information.
CONTACT INFORMATION:
Homeland Security Group International
Colonel Jeffrey A. Powers
858-436-2480
Email Contact
or
PMR and Associates, LLC
Patrick Rost
858-350-0409 (Investor Relations)
Email Contact
Universal Express Inc. (OTCBB: USXP), MadPackers at the
invitation of numerous Fortune 500 Companies has begun presenting its
unique college delivery service directly at College Spring Break 2006.
MadPackers is an extension of the Luggage Express model, but
focuses primarily on college and high school students. Its goal is to
become the premier "door to dorm" shipping solution for all students'
needs. From sending items to school their first year and home again,
to storing their items during winter and summer breaks, to sending
their college belongings to study abroad and home again; MadPackers is
the first and only full service college centered/student shipping
company.
"MadPacker t-shirts, shorts, Frisbees, and Koozies have been given
out to thousands of college students from over 100 colleges and
untabulated high school seniors. In addition, there have been
synergistic programs and even I-pod giveaways. SanDisk, National
Lampoon and multiple Fortune 500 companies, like Energizer, and Coca
Cola are meeting with MadPacker Executives for on-going and future
programs," said Chris Wilkie, MadPackers Executive.
"By being positioned on the beach for hundreds of thousands of our
target market students to learn about us, as we create brand awareness
and even conduct feedback and feasibility studies, our shipping
service couldn't be any more well received," said Michael Martinez,
MadPackers Executive.
"Being on the sunny beaches of South Padre, Texas for a week and
also penetrating South Florida beaches makes our visually targeted
give-away products and image even more well targeted and accepted by
the students. Viewing of these promotional items can be seen at
www.madpackers.com/springbreak.htm, said Tim Terjesen, MadPackers
Executive.
"It's rewarding to see the branding and development of the
MadPacker's concepts as well as MadPackers electronic presence mature
simultaneously for this untapped multi-billion dollar shipping
market," concluded Mr. Brian Altomare, MadPackers President.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and
transportation conglomerate with multiple developing subsidiaries and
services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation
Reform Act of 1995: The statements contained herein, which are not
historical, are forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements including, but
not limited to, certain delays beyond the Company's control with
respect to market acceptance of new technologies, products and
services, delays in testing and evaluation of products and services,
and other risks detailed from time to time in the Company's filings
with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA NEW YORK TEXAS UNITED STATES
INDUSTRY KEYWORD: EDUCATION TRANSPORT PRODUCT/SERVICE
SOURCE: Universal Express, Inc.
CONTACT INFORMATION:
Universal Express, Inc.
Investor Relations:
Mark Falk, 631-588-1644
publicrelations@usxp.com
MDM Group, Inc. (OTC: MDDM) advises that
its Biodefense Division has entered into an agreement with Immunitor USA
Inc. to license the unique new vaccine candidate against deadly H5N1
influenza virus.
As a possible breakthrough in the development of H5N1 vaccines, Immunitor's
Avian Influenza Mucosal Immunity Vaccine (Amivax) has revealed several
critical advantages in studies to date:
1. orally delivered -- Amivax consists of killed influenza virus
formulated as a tablet. The vaccine is stable at room temperature and
does not lose biological activity when administered orally. This
provides a significant advantage over injected vaccines that usually
cost more, must be refrigerated and burdensome to administer.
2. acts by priming "the mucosal immunity" -- Amivax is absorbed through
the "mucosal" surface in the human gut, not directly in the
bloodstream itself, conferring immunological advantages over vaccines
that require distribution throughout the bloodstream. These advantages
may confer greater efficacy and safety of the vaccine against pathogen
that spreads primarily through the mucosal lining of the inner organs.
3. broadly active -- Amivax is expected to have a broad range of
activity against deadliest forms of influenza viruses, including H5N1
virus, an attractive feature, if the virus becomes airborne -- the
characteristic trait of pandemic virus.
4. economically and easily produced -- Amivax production to date has
been limited to research batches. However, the proprietary
manufacturing method allows the rapid scale-up to the millions of doses
at any existing vaccine facility, globally, if required.
Preliminary testing with Amivax indicates that the vaccine can confer
protection against lethal virus challenge in animals. Further development
work is being targeted to identification of the optimally effective dose
and immunization schedule in order to select the best commercial
formulation of the vaccine.
Immunitor USA Inc. is a private company based in Maryland, USA with
government and/or industry alliances in Russia, Canada, Australia, China,
Thailand, and the USA. As agreed between the parties, Immunitor USA Inc,
will continue to direct Amivax testing and production scale-up, while MDM
Group will focus on global strategic and marketing alliances to position
Amivax for commercialization and deployment of the vaccine product. The
license agreement prescribes a funding arrangement for the project, an
opportunity for MDM Group participation in Immunitor USA equity, and a
royalty payable by MDM Group to Immunitor USA on all Amivax sales and
sublicensing revenues.
H5N1 influenza virus has now spread through over 39 countries in Asia,
Middle East, Europe and Africa and according to the World Health
Organization has already caused more than $10 billion in losses to millions
of poultry farmers. The mortality rate of the virus in humans is over 50%
and 170 people are reported to have caught the deadly virus. Amivax and
other H5N1 vaccines are now being developed worldwide to prevent the
eventual pandemic that may occur if H5N1 virus mutates into a form that is
easily transmissible among humans. A vaccine such as Amivax may prevent
infection, or even substantially lessen symptoms of infection or mortality
when given shortly after exposure to virus.
This press release is available on the Company's official on-line Investor
Relations HUB at http://www.agoracom.com/IR/MDMGroup for investor
questions, answers and monitored commentary. Alternatively, investors are
able to e-mail all questions and correspondence to MDDM@agoracom.com where
they can also request addition to the investor e-mail list to receive all
future press releases and updates in real time.
About Immunitor USA Inc.
Immunitor USA Inc., (Company) was incorporated in February 2004 in
Maryland, USA as licensee of Immunitor Corporation Co., Ltd. -- the first
private biotech company founded in Thailand in 2001. The Company has the
exclusive rights to patents owned by Thai partner who has developed and
currently manufactures four vaccines as means of preventing and/or treating
viral (V1), bacterial (V2), and fungal (V4) infections; and cancer (V3).
The licensed technology is unique since it enables the formulation of any
protein or vaccine (recombinant or from natural source) as an oral pill,
which is easy to administer, has low manufacturing cost and is stable,
safe, and effective. No other technology is believed to exist that could
compete with Immunitor's breakthrough invention which is forecast to
reshape the vaccine and therapeutic protein industry. Company's private
clinic and manufacturing plant (which has to date produced over 12M doses)
are both based in Thailand. Immunitor has developed the oral H5N1 bird flu
vaccine candidate that is licensed to MDM Group.
About MDM Group Inc.
MDM Group's Biodefense Division is focused on discovery and rapid
development of vaccines and other countermeasures to support the Homeland
Defense and other stockpile requirements of the United States government
and its citizens as well as those in other countries. MDM Group's overall
business interests are focused on the Security, Biodefense and Homeland
Security industries.
Safe Harbor Statement
The information in this release, other than historical information, may be
considered forward-looking statements within the provisions of the Private
Securities Litigation Reform Act of 1995. Projection and other
forward-looking statements and management expectations regarding future
events and/or financial performance of the Company -- although given in
good faith -- are inherently uncertain and actual events and/or results may
differ materially.
MDM Group is featured on www.agoracom.com and for further information see:
www.mdmgroupinc.com or:
Contact MDM Group Investor Relations at:
AGORACOM Investor Relations
http://www.agoracom.com/IR/MDMGroup
Email Contact
HomeFed Corporation (OTC BB: HOFD.OB) ("HomeFed")
announced today that its Board of Directors has declared a cash
dividend equal to $0.50 per share of HomeFed common stock payable on
April 10, 2006 to stockholders of record on March 27, 2006.
HomeFed Corporation is engaged, directly and through subsidiaries,
in the investment in and development of residential real estate
projects in the State of California. HomeFed's development projects
currently consist of two master planned communities located in San
Diego County, California: San Elijo Hills, and a portion of the larger
Otay Ranch planning area. As the owner of development projects,
HomeFed is responsible for the completion of a wide range of
activities, including design engineering, grading raw land,
constructing public infrastructure such as streets, utilities and
public facilities, and finishing individual lots for home sites or
other facilities.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: ENERGY UTILITIES CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE DIVIDEND
SOURCE: HomeFed Corporation
CONTACT INFORMATION:
HomeFed Corporation
Erin N. Ruhe, 760-918-8200
Ingen Technologies,Inc. IGTG), a medical device manufacturer of OxyAlert(TM), OxyView(TM),
and Secure Balance(TM), announced today that the FDA has determined
OxyView(TM) to be exempt from requirements under 510(k).
Anita Beck, President of the San Juan Capistrano-California based company
known as Global Regulatory Services Associates, was hired as a consultant to
work directly with the Food & Drug Administration in Washington, D.C. in order
to determine the FDA requirements and classification of OxyView(TM). In a
statement released yesterday; Anita Beck said: "I did hear from the FDA
regarding requirements for the OxyView(TM) product. It is exempt from 510(k)
requirements. However, I was told, that you do need to register and classify
the product."
The company has been in the process of tooling for the production of
OxyView(TM) when they hired Anita Beck to determine and complete any necessary
FDA requirements for the new medical product. "This is very good news for
everyone. The requirement to register and classify OxyView(TM) with the FDA
will be complete this month. Our tooling is underway, and our distributors are
hopeful," said Scott Sand, Chairman & CEO.
OxyView(TM), patent pending, is a pneumatic monitoring device that can
determine exact oxygen flow rate near the patient. "Our website hosts a video
infomercial about OxyView(TM). It is informative and describes the product and
applications," said Chris Wirth, Director.
About Ingen Technologies, Inc.
Ingen Technologies, Inc. is a public company trading under NASDAQ
OTC:IGTG, which has been in business since 1999. IGTG is a medical device
manufacturer and a growth-oriented company that owns US patent(s), trademarks,
and proprietary medical products. Ingen Technologies, Inc. ("Ingen" or the
"Company"), a Georgia Corporation, was formed as a result of a reverse merger
in March 2004 whereby Ingen became a publicly-owned company and commenced
trading in the Over-The-Counter market on the Pink Sheets. Ingen (GA) is a
holding company which owns or has intellectual property rights to certain
proprietary devices which primarily provide diagnostic and safety features to
health practitioners and patients. Operations are conducted through a
100%-owned subsidiary, Ingen Technologies, Inc. of Nevada, which has been in
business since 1999 when Chairman/CEO Scott R. Sand founded it. The principal
executive office is in Yucaipa, CA, northeast of Los Angeles.
The Company's flagship product is OxyAlert(TM), a second-generation design
of the Company's BAFI(TM) product line. Both of these products have been
issued two US Patents: Patent No. 6,137,417 issued on October 24, 2000 and
Patent No. 6,326,896 issued on December 4, 2001. Both of these products are
low-oxygen safety warning devices used on remote oxygen cylinders for
patients, commercial aircraft, military transport, and fire and safety
equipment. OxyAlert(TM) technology encompasses the use of digital sensing and
RF frequency transfer so that care givers can access a hand-held remote to
monitor the actual oxygen level of any oxygen cylinder at a reasonable
distance.
The newest product, OxyView(TM), has a patent pending, and is a pneumatic
gauge that provides visual safety warning of oxygen flow for patients in the
hospital, surgical room, outpatient therapy, nursing homes and emergency
response facilities. This product enhances the safety, assurance and accuracy
of patients being administered oxygen from any source. OxyView(TM) is a
lightweight pneumatic gauge that is attached to the oxygen tubing just below
the neck. It informs the nursing staff of the oxygen flow rate near the
patient. It could quickly inform the physician or technician of any leak or
inaccuracy between the delivery source and the patient.
The Secure Balance(TM) product is a private-label product that includes a
vestibular function testing system and balance therapy system. The vestibular
function testing system is manufactured by Interacoustics LTD. in Denmark and
is referred to as the VNG. The balance therapy system is manufactured by
SportKAT(R), Inc. in San Diego, California. The Secure Balance(TM) program
provides equipment, education and training about balance and fall prevention
to physicians and clinicians worldwide.
The Pure Produce(TM) product is a continuing research & development
program currently under design. This program uses hydroponics technology to
grow various plants without the use of soil, fertilizer and water consumption.
The Company anticipates entering the nutriceutical and pharmaceutical markets
over the next two years.
"Our team of professionals has developed our medical products for the
ever-increasing elderly population. Our products are superior to any of our
competition and they allow for effective medical product availability to
seniors, and at the same time the increasing senior population allows for a
steady growth in sales and profits," said Scott Sand, CEO & Chairman of Ingen
Technologies.
For more information, visit www.ingen-tech.com
Investor Relations Contact: Scott R. Sand, C.E.O. & Chairman
Ingen Technologies, Inc. --
Administrative Office
35193 Avenue "A", Suite-C
Yucaipa, California 92399
Phone: (800) 259-9622 or (909) 790-7180
Fax: (800) 777-1186 or (909) 795-6340
Email: Info@ingen-tech.com
A Member of the Better Business Bureau
A Member of the Chamber of Commerce
A Licensed Business in the City of Yucaipa
Safe Harbor for Forward-Looking Statements: This news release includes
forward-looking statements that are made pursuant to "Safe Harbor" provisions
of the Private Securities Litigation Reform Act of 1995. While these
statements are made to convey to the public the company's progress, business
opportunities and growth prospects, readers are cautioned that such
forward-looking statements represent management's opinion. Whereas management
believes such representations to be true and accurate based on information and
data available to the company at this time, actual results may differ
materially from those described. The company's operations and business
prospects are always subject to risk and uncertainties. Important factors
that may cause actual results to differ will be set forth in the company's
periodic filings with the U.S. Securities and Exchange Commission.
SOURCE Ingen Technologies, Inc.
Contact Information:
Investor Relations, Scott R. Sand, C.E.O. & Chairman of Ingen Technologies, Inc., +1-800-259-9622, or +1-909-790-7180, or fax, +1-800-777-1186, or +1-909-795-6340, Info@ingen-tech.com
WebSite:
http://www.ingen-tech.com
Aurus Corporation. (OTC: AURC) announced today
that it had acquired the Klyon "Maple" Gold ore deposit located in the
territory of Bilibinsk of Chukchi National district in Russia.
The Klyon "Maple" Gold Ore deposit has an estimated reserve of 1.9 million
ounces of gold and 4.9 million ounces of silver. "We are pleased with the
conclusion of this transaction. The Klyon Gold Ore deposit truly makes this
property our most valued assets," said Mr. Feldbush, Chief Operating
Officer of Aurus Corp. "The test carried on veins 1 and 2 clearly
demonstrate high maintenance per ton and recommendations will be made to
the board of directors to concentrate efforts on this property," further
added Mr. Feldbush.
The company expects to release preliminary technical data by the end of
March and release complete geological reports by early May.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company, trading
under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to
acquire proven gold and other precious metal reserves in Russia and other
emerging counties and operate through joint ventures and or partnerships.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact:
Gerald Parkin
President
Aurus Corporation
gparkin@auruscorp.com
514-591-3666
www.auruscorp.com
S3 Investment Company, Inc. SEIH)
today announced that portfolio investment SINO UJE, Ltd. has received an
order worth over $440,000 from Dalian Bingshan Rubber & Plastic Co, LTD for
equipment supplied by PLAST-CONTROL, the leading manufacturer of automation
systems for the plastics extrusion industry.
The order is for two sets of PLAST-CONTROL'S newly developed extrusion
system, which allows the user the possibility to integrate both functions
of gravimetric mean thickness and profile measuring into one computer.
Each set consists of a system with 6 gravimetric dosing units -- a total of
9 components -- and profile measuring. This equipment is similar to the
system purchased by Dalian Bingshan in June 2005.
"We want to commend SINO UJE's team in China, and particularly Mr. Gao Xm,
for achieving an order of this size," said Jim Bickel, chief executive
officer of S3 Investment Company. "While this is just one of many
significant orders that SINO UJE has pending at this time, Mr. Gao has done
an outstanding job on the Dalian Bingshan sale. We look forward to
additional growth in the SINO UJE business as current orders are filled and
the sales team targets new customers for high-tech western equipment in the
China market."
SINO UJE is in the business of distributing high-tech medical and
industrial products to markets throughout China. The company purchases
products from Original Equipment Manufacturers (OEMs) in North America,
Europe and Japan and re-sells the equipment to end users through its
distribution network in China.
"SINO UJE's extensive, successful experience as distributors in the China
market puts the company in an excellent position for continued revenue
growth and the establishment of long-term value for S3 shareholders," added
Mr. Bickel.
PLAST-CONTROL, founded in Remscheid, Germany, in 1979, has been the
innovative supplier of process automation systems and partner for the
plastics industry. As a pioneer of new technologies, PLAST-CONTROL creates
standards for extrusion automation. From this on-going development process
PLAST-CONTROL has created a complete family of products from individual
controls to a complete system from its GDC Gravimetric Dosing Controller to
its PRO-CON Profile Control system.
To sign up to receive information by email directly from S3 Investment
Company when new press releases, investor newsletters, SEC filings or other
information is disclosed, please visit
http://www.s3investments.com/ealert.asp.
About The Company
S3 Investment Company Inc. (http://www.s3investments.com) is a Business
Development Company regulated by the Investment Company Act of 1940. S3's
investment portfolio is currently comprised of two private companies. S3
holds a 100% equity interest in Redwood Capital
(http://www.redwoodcapinc.com), which assists private Chinese companies in
accessing U.S. capital markets by utilizing a network of investment banking
relationships, and a 51% equity interest in SINO UJE
(http://www.sinouje.com), a non-stocking distributor of medical and
industrial high-tech products to markets throughout China.
Any statements contained herein related to future events are
forward-looking statements and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Readers
are cautioned not to place undue reliance on forward-looking statements. S3
Investment Company, Inc. undertakes no obligation to update any such
statements to reflect actual events.
Contact:
ReelTime Rentals, Inc. RLTR) today announced that the European Patent Office has published the
Company's application for a patent regarding its "Media Device Rental System".
The Company originally filed for this international patent under the Patent
Cooperation Treaty (PCT) on October 25, 2001 to protect ReelTime Rentals'
proprietary online media delivery technology. Publication of ReelTime's Media
Device Rental System patent application may provide the Company with provisional
protection against infringers.
Barry Henthorn, Chairman of Reeltime Rentals, commented, "ReelTime is a pioneer
in the digital entertainment industry and plans to deliver media via broadband
to television, PC and portable electronic devices of all kinds. We realize that
protecting ReelTime's technology can provide us with a competitive advantage
that is critical to the long-term success of our media device rental system. Due
to the global scope of the internet and worldwide web, we understand the
importance of establishing an international intellectual property portfolio. We
are very pleased to move forward in the patent process and anticipate continued
progress in this area of our business."
Seed IP, based in Seattle, WA, has been retained by ReelTime to protect and
enforce its U.S. and international patents for the Company's Media Rental Device
Technology. Seed IP provides legal assistance in all areas of intellectual
property including patents, trademarks, copyrights, trade secrets, licensing and
litigation.
About ReelTime Rentals, Inc.
Headquartered in Seattle, Washington, ReelTime Rentals' mission is to deliver
diverse media content to consumers over the Internet enabling them to view the
media content that they choose, whenever they would like to see it. The Company
streams full-screen media content directly to consumers, while implementing
security measures to combat the threat of piracy. Subscribing customers of
ReelTime's service will have access to an extensive library of quality
full-screen movies and other programming without the hassles of going to the
video store or mailbox, nor the added expense of late fees.
For more information on ReelTime Rentals, Inc. you may visit our web site at
www.reeltimetv.net.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This press release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities and Exchange Act of 1933, as
amended, and Section 21E of the Securities and Exchange 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
uncertainties. Although ReelTime Rentals Inc. believes that the assumptions
underlying the forward-looking statements contained herein are reasonable, any
assumption 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. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion should not be regarded
as a representation by ReelTime Rentals Inc. or any other person that the
objective and plans of ReelTime Rentals will be achieved.
CONTACT: ZA Consulting Inc.
Nicolas Torrens
(800) 596-8388
(212) 505-5976
CirTran Corp. CIRT, an international
full-service contract manufacturer of IT, consumer and consumer
electronics products, announced today that it has received a $250,000
order to build and deliver the first production run of the
next-generation SafetyNet(TM) RadioBridge(TM) it redesigned on behalf
of Aegis Assessments Inc. (OTCBB: AGSI), a Scottsdale, Ariz.-based
homeland security contractor.
CirTran was previously awarded a contract by Aegis to redesign the
SafetyNet RadioBridge, which interconnects incompatible radios,
bridging them to provide radio interoperability at emergency sites in
minutes. The enhancements in the next-generation RadioBridge focus on
the vital issue of homeland security, and include improvements in the
sound quality of audio transmissions, the addition of an internal
storage compartment for cables, headsets and other accessories, and
improved bridging of trunked and non-trunked radios.
"CirTran came through for us as we knew it would," said Richard
Reincke, president of Aegis. "There is a critical need for radio
interoperability for first responders. It is vital day-to-day for the
50,000 public safety agencies in the U.S., including 18,000 state and
local law enforcement agencies, 26,000 fire departments, 6,000
emergency medical responders and several thousand utility and
infrastructure public agencies."
"A Better-than-Ever Product"
"The redesigned SafetyNet RadioBridge is a better-than-ever
product," said Trevor Saliba, CirTran's executive vice president for
worldwide business development.
"As the need for the interoperable communications product market
grows, radio systems represent an important and leading component,"
said Saliba. "CirTran stands ready, with our ability to manufacture
domestically in Salt Lake City and through our CirTran-Asia subsidiary
in China to meet growing demand."
The SafetyNet RadioBridge project was performed at CirTran's ISO
9001:2000-certified manufacturing facility in Salt Lake City. Other
top technology and aerospace companies on CirTran's Salt Lake customer
list include Lockheed Martin Corp., Nortel(TM), Linux Networx(TM) and
Flextronics.
About CirTran Corp.
Founded in 1993, CirTran Corp. (www.CirTran.com) is a premier
international full-service contract manufacturer. Headquartered in
Salt Lake City, its ISO 9001:2000-certified, non-captive
40,000-square-foot manufacturing facility is the largest in the
Intermountain Region, providing "just-in-time" inventory management
techniques designed to minimize an OEM's investment in component
inventories, personnel and related facilities while reducing costs and
ensuring speedy time-to-market. In 1998, CirTran acquired Racore
Technology (www.racore.com), founded in 1983 and reorganized as Racore
Technology Corp. in 1997. In 2004, it formed CirTran-Asia as a
high-volume manufacturing arm and wholly owned subsidiary with its
principal office in ShenZhen, China. CirTran-Asia operates in three
primary business segments: high-volume electronics, fitness equipment
and household products manufacturing, focusing on the
multibillion-dollar direct response industry.
This press release contains 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. With the exception of
historical information contained herein, the matters discussed in this
press release involve risk and uncertainties. Actual results could
differ materially from those expressed in any forward-looking
statement.
All trademarks are properties of their respective owners.
KEYWORD: ASIA PACIFIC NORTH AMERICA UTAH UNITED STATES CHINA
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS GOVERNMENT HARDWARE FEDERAL GOVERNMENT AGENCIES SOFTWARE MANUFACTURING PRODUCT/SERVICE
SOURCE: CirTran Corp.
CONTACT INFORMATION:
CirTran Corp.
Trevor M. Saliba, 801-963-5112
trevor@cirtran.com
or
The Kaminer Group
David A. Kaminer, 914-684-1934
dkaminer@kamgrp.com
Morning Chief, Stockz, and Team
PAIM -- XYZ Operation Gold Finger to Yield Estimated Total Annual Gross Revenues of $157,236,600.00 USD from the 50 Metric Tons Per Day Small-Scale Mining Operations of Pearl Asian Mining Industries, Inc. (PAIM)
By BusinessWire
Last Update: 3/14/2006 8:00:09 AM Data provided by
PASIG CITY, Philippines, Mar 14, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (PAIM) released today the second geo-survey and assay report. The report was conducted by Ostrea Metal Laboratory, Inc., a renowned Philippines chemical assay company, and completed on January 7 -- R.A. No. 32749. This second gold and silver assay report from the samples of two tunnels and selected trenches of the XYZ gold mine site shows rich gold ore reserves.
he XYZ Operation Gold Finger located in the Town of Baleno, Island of Masbate, Philippines, shows the following high-grade gold ores.
Pearl Asian Mining continues its preparation to develop the infrastructures of the XYZ Gold Mine Site. The XYZ Gold Team soon will start to rehabilitate the tunnel #3, operating at 50 metric tons per day, where the occurrence of the high-grade gold ores were identified and documented.
Rich gold samples from Tunnel 3 were assayed at 37.35 grams per ton, 49.44 grams per ton and 94.20 grams per ton, giving an average of 60.33 grams per ton.
A. The estimated average of the assay result from Tunnel 3 is 60.33 grams per ton of gold ore and can produce an output of approximately 15,083 grams of gold per day at 30-day month production (15,083 X 30 days) the output of 452,475 grams or 14,596 Troy Ounces (app. 1 gram = 31 Troy Ounce) which is equivalent to $7,298,000 USD per month at a selling price of $500.00 per Troy Ounce.
B. Annual Gross Revenue (AGR) from the gold production to be $87,576,000.00 USD ($7,298,000 X 12). This estimated gold production does not include the sales of silver and other minerals.
C. PAIM's macroscopic plan for the whole Masbate Island because of its rich gold potential is implementing the Community Mining Assistance Program (CMAP) and improved production capability of the Community Small Scale Miners. PAIM is expecting to acquire additional income at a minimum of 12 kilograms or approximately 387 Troy Ounces of gold, which is estimated to produce a gross revenue of approximately $193,500.00 USD.
D. The $193,500 gross revenue per day ($193,500 X 30 days) is estimated to be $5,805,000.00 USD per month to give an annual gross revenue ($5,805,000 X 12) of $69,660,000.00 USD from the community's Small Scale Mining Assistance Program.
E. XYZ Operation Gold Finger will yield an estimated total annual gross revenue of $157,236,600.00 USD ($87,576,000 + $69,660,000). This excludes the income anticipated to result from the sales of silver and other precious metals.
Should the current mining engineering plans continue to be on target, the scheduled income revenue will start to flow during the last quarter of 2006 and early 2007 then on.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Pearl Asian Mining Industries, Inc.
Universal Express, Inc. USXP), today announced
that its CEO, Mr. Richard A. Altomare will be conducting its third
live Web Cast conference call on Wednesday March 15, 2006 at 10:00am
EST, concerning pending acquisitions and funding discussions. It will
be broadcast live worldwide.
"In light of recent announcements, activity, pending acquisitions
and funding discussions, it appears prudent to conduct a web cast on
the Ides of March clarifying and informing shareholders on these
'capital' developments," said Richard A. Altomare, Chairman and CEO of
Universal Express, Inc.
To access the Universal Express Pending Acquisition Web Cast
conference simply, go to www.usxp.com and click on the Web Cast link
provided. Participants are required to register 30 minutes before this
even. "Since only one hour has been allotted, I ask for individual not
multiple questions. I will prioritize the funding and acquisition
individual questions first. Should insufficient time remain for the
remaining questions, I will electronically respond," continued,
Richard A. Altomare.
"I was reminded by staff that the Ides of March wasn't fortuitous
for Julius Caesar. That's exactly why I chose this historical date as
Universal Express continues to 'stride the business world like a
colossus' and what a perfect date to ask friends, shareholders and
countrymen 'to lend their ears' to this historical web cast. This time
I believe the speaker will walk out of the capitol," concluded Richard
A. Altomare.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and
transportation conglomerate with multiple developing subsidiaries and
services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation
Reform Act of 1995: The statements contained herein, which are not
historical, are forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements including, but
not limited to, certain delays beyond the Company's control with
respect to market acceptance of new technologies, products and
services, delays in testing and evaluation of products and services,
and other risks detailed from time to time in the Company's filings
with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: TRANSPORT AIR TRAVEL TRANSPORTATION CONFERENCE CALL WEBCAST
SOURCE: Universal Express, Inc.
CONTACT INFORMATION:
Universal Express, Inc.
Kathleen Fahey, 561-367-6177
publicrelations@usxp.com
-- AdZone Research, Inc. ADZR) today reported that deployment of its Online Predator Profiling
System (OPPS) is now international, with the system in operation with the
Ontario Provincial Police. A team of 14 officers is assigned full time to the
Ontario Provincial Police Child Pornography Section. Formed in 1975 at the
request of the Attorney General of Ontario, the work of the Section was
significantly expanded in 2003 when it also became responsible for the
enforcement of Internet child luring legislation, and considers these
investigations as a priority.
"The embracing of our OPPS system by the Ontario Provincial Police Child
Pornography Section is especially gratifying because it is our first
international market penetration," said Dan Wasserman, AdZone's Executive Vice
President and Managing Director in charge of the OPPS program. "It is our
understanding that the Ontario Provincial Police will share its experiences with
OPPS with the many other police jurisdictions in the country's 10 provinces and
three territories, with the hope they all will make OPPS a standard police tool
throughout Canada.
"Recent high profile events underscore the reality that the power of the
worldwide Internet and computer technology, combined with the innocence and
naivete of children, can lead to tragic consequences," Wasserman noted.
"Parental controls can protect children from accessing overtly obscene web sites
and pornographic content, but they can't protect children from predators lurking
in Internet chat rooms or in online forums."
This press release is available on the company's official online Investor
Relations HUB at http://www.agoracom.com/IR/AdZone for investor questions,
answers and monitored commentary. Alternatively, investors are able to e-mail
all questions and correspondence to ADZR@agoracom.com where they can also
request addition to the investor e-mail list to receive all future press
releases and updates in real time.
About AdZone Research
AdZone provides tracking and monitoring of targeted information on the Internet,
with an expanded focus on global Internet analysis of security-related data
transmissions. For additional information on AdZone Research, please visit the
company's Web site at http://www.adzoneresearch.com.
Certain statements contained herein are "forward-looking" statements (as such
term is defined in the Private Securities Litigation Reform Act of 1995).
Because such statements include risks and uncertainties, actual results may
differ materially from those expressed or implied by such forward-looking
statements.
CONTACT: AdZone Research, Inc.
Charles A. Cardona III
(631) 369-1100
AGORA Investor Relations
http://www.agoracom.com/IR/AdZone
ADZR@agoracom.com
One Voice Technologies, Inc. (OTCBB:ONEV), developer of
4th Generation voice solutions for the Telecom and Interactive
Multimedia markets, today announced it has teamed up with Intel
Corporation to showcase One Voice's Media Center Communicator(TM) to
Intel(R) Premier Providers at this year's Intel(R) Solutions Summit
(ISS) 2006, held March 12-15 at The Westin Kierland Resort and Spa in
Scottsdale, AZ. One Voice's Media Center Communicator will be used on
all Intel(R) Viiv(TM) technology-based entertainment systems being
demonstrated at the event to provide attendees a hands-on experience
in using Media Center Communicator to voice command their digital
content, from music, photos, videos and TV.
"Intel(R) Solutions Summit is a great opportunity for One Voice to
gain exposure with Intel(R) Premier Providers worldwide," said Dean
Weber, president and CEO of One Voice Technologies. "At the Intel(R)
Solutions Summit, our Media Center Communicator will be bundled on
every Intel(R) Viiv(TM) technology-based entertainment system that
these Premier Providers will use at the event and take back with them
after the show. Additionally, One Voice will be in booth #24 where we
will fully demonstrate the features and benefits of our technology.
These Premier Providers represent a great opportunity as resellers for
our solutions worldwide."
"One Voice's Media Center Communicator is an exciting application
that enhances the Digital Home experience in combination with Intel's
Viiv technology," said Bill Davidson, Digital Home marketing manager,
Intel Corporation. "We see One Voice as a breakthrough technology in
expanding the features and benefits in the Digital Home. To enable
consumers to use voice commands to play their digital content is a key
component in the direction and adoption of this high growth industry."
About Intel Solutions Summit 2006
Intel(R) Premier Providers consistently name the Intel Solutions
Summit as the top industry event. ISS delivers the best advantages of
the Premier Provider program, including a preview of Intel's new
marketing strategies, engagement with other technology leaders,
hands-on labs, and face-to-face time with Intel executives. For more
information, visit https://secure.eventcentral.ws/issna/Welcome.aspx.
About Media Center Communicator
One Voice's Media Center Communicator is a complete in-home
multimedia communications package for Microsoft Windows XP Media
Center Edition 2005 -- enabling users to speak, using voice
recognition, to play and view all their digital content from MP3
music, digital photos, slideshows, videos, live TV and much more!
Media Center Communicator also comes with a suite of communications
features to send and read E-mail, SMS text messaging to mobile phones,
Instant Messaging (IM), full motion PC-to-PC audio and video chat and
PC-to-Phone calling to any phone within the U.S. and Canada.
Imagine walking into your family room and using your voice to tell
your Media Center to play jazz music or play your favorite artist or
album, play a photo slideshow, watch and record live TV, read and send
E-mail, call to order a pizza or video chat or Instant Message with a
friend. Media Center Communicator delivers on this vision today! For
more information, please visit http://www.onev.com/mcc or for an
online demonstration go to http://www.onev.com/videos/mccoverview.wmv
or http://www.onev.com/videos/mcc.wmv.
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB:ONEV) is the world's first
developer of 4th Generation voice solutions for the Telecom and
Interactive Multimedia markets. Our Intelligent Voice(TM) solutions
employ revolutionary, patented technology that allows people to send
messages (E-mail, SMS, Instant Messaging and paging), purchase
products, get information and control devices -- all by using their
voice. The company is headquartered in La Jolla, California. For more
information, please visit http://www.onev.com.
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future
events and developments, including our future business strategy and
our ability to generate revenue, income and cash flow, and should be
considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
"forward-looking" statements can generally be identified by words such
as "expect," "anticipate," "believe," "estimate," "intend," "plan,"
and similar expressions. These statements involve a high degree of
risk and uncertainty that exists in the Company's operations and
business environment and are subject to change based on various
factors that could cause actual Company results, performance, plans,
goals and objectives to differ materially from those contemplated or
implied in these forward-looking statements. Actual results may be
different from anticipated results for a number of reasons, including
the Company's new and uncertain business model, uncertainty regarding
acceptance of the Company's products and services and the Company's
limited operating history.
Media Center Communicator is a trademark of One Voice
Technologies, Inc. All other products and company names herein may be
trademarks of their registered owners.
KEYWORD: NORTH AMERICA ARIZONA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS HARDWARE NETWORKS SOFTWARE TELECOMMUNICATIONS COMMUNICATIONS CONTRACT/AGREEMENT PRODUCT/SERVICE TRADE SHOW
SOURCE: One Voice Technologies, Inc.
CONTACT INFORMATION:
Investor Relations:
The Cervelle Group
Rob Karbowsky, 407-475-9966
Fax: 407-475-9859
rob@thecervellegroup.com
Vision Works Media Group, Inc. VWKM and
wholly owned subsidiary New Screen Television, Inc. have announced
that the company has exchanged contracts with a cable distributor to
become New Screen TV's fourth affiliate. The name of the cable company
is forthcoming upon completion of signed contracts.
Mark Astrom, New Screen TV's President, said, "Today's
announcement means we are now exchanging contracts with two potential
affiliates. The new affiliates would be added to our list of
affiliates which include Optical Entertainment Network and Auroras
TV." Astrom added, "The affiliate response to New Screen TV's
availability as a new channel has been nothing short of exceptional."
This new affiliate, cable-company, is part of New Screen TV's
targeted net subscriber base of 18 million households and $1.8 million
in monthly revenues by yearend. The cable-company also has an interest
in New Screen TV's (VOD) video on demand channel, New Screen Films on
Demand, estimated at an additional $800,000 in monthly revenues per
market.
New Screen TV has been able to make the move after switching from
a local-only broadcaster to a nationally distributed 'basic cable'
channel in Q1 of this year. The channel's signal is distributed via
the SES Americom AMC-10 satellite to cable, satellite and
fiber-to-the-home systems around the U.S. New Screen TV is a 'basic
channel' on these systems that is available to all subscribers.
This press release does not constitute an offer of any securities
for sale. This press release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ, including, without
limitation, the company's limited operating history and history of
losses, the inability to successfully obtain further funding, the
inability to raise capital on terms acceptable to the company, the
inability to compete effectively in the marketplace, the inability to
complete the proposed acquisition and such other risks that could
cause the actual results to differ materially from those contained in
the company's projections or forward-looking statements. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking statements
to reflect events or circumstances occurring after the date of this
press release.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO
SOURCE: Vision Works Media Group, Inc.
CONTACT INFORMATION:
Vision Works Media Group, Inc., Ocala
Naseem Shah, 407-346-6717 or Fax 407-843-5997
http://www.vswm.com
IBAC Corporation .01- IBCX announced Friday after the
bell that it's Board of Directors has approved an additional reduction
of its authorized common shares to 200 Million from 500 Million. The
Board also approved a 15% stock dividend, with this action the Board
believes it will further help bring the company's market
capitalization in line with the true value of the company and allow
greater opportunity for growth of the share price.
The company has not filed for any new regdex/504 and will not do
so; the decision was made after long discussions with our advisors. We
believe the action will enhance the value of the company and will help
create a stronger balance sheet/audit when we apply to the OTCBB for
listing.
The reduction in the authorized shares will take effect
immediately with the appropriate filings being submitted to the
Secretary of State of Delaware this week, the 15% stock dividend pay
date will be announced by this Wednesday and appropriate paperwork
immediately filed. This will leave the company with 200 million common
shares authorized and with the 15% stock dividend 172,500,000 million
common shares outstanding, the balance of 22,500,000 million common
shares will remain in the company's treasury and will not be
liquidated.
"We have decided to reward our shareholders with this 15% stock
dividend for their loyalty and patience as we continue to bring the
share valuation in line with the company's assets/revenues. The
company last year also rewarded its loyal shareholders with 25% in
stock dividends. We are continuing to strive towards maximum
shareholder value and confidence in the direction of the company while
we ready/prepare ourselves for listing on the OTCBB." said Wayne
Burmaster, President & COO.
About IBAC Corporation:
IBAC Corporation is a New York-based holding company operating
through its subsidiaries within the Hospitality, Food Service &
Restaurant and other industries. IBAC now operates businesses as the
majority owner with over 100 employees in Florida, Tennessee &
Arkansas that includes a 200 room full service hotel, 127 room limited
hotel, 4 restaurants/lounge 10,000 sf of banquet space and the
exclusive concession, food, beverage & catering contract with the Pine
Bluff Convention Center.
For more information, please visit: www.ibaccorp.com
Forward-Looking Statements
Certain statements in this release, and other written or oral
statements made by the Company, including the use of the words
"expect," "anticipate," "estimate," "project," "forecast," "outlook,"
"target," "objective," "plan," "goal," "pursue," "on track," and
similar expressions, are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance, or achievements of the company to be different from those
expressed or implied. The Company assumes no obligation and does not
intend to update these forward-looking statements. Among the important
factors that could cause actual results to differ materially from
those indicated by such forward-looking statements include, without
limitation: competitive and general economic conditions, adverse
effects of litigation, the timely development and acceptance of our
products and services, significant changes in the competitive
environment, the failure to generate or the loss of significant
numbers of customers, the loss of senior management or increased
government regulation.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE RESTAURANT DIVIDEND
SOURCE: IBAC Corporation
CONTACT INFORMATION:
IBAC Corporation
Investor Relations, 718-891-8188
Fax: 775-320-5437
Investorrelations@ibaccorp.com
www.ibaccorp.com
UPDA Universal Property Development and Acquisition
Corporation has established Texas Energy, Inc., a Nevada
corporation, to formalize its new joint venture with Sundial
Resources, Inc. of Graham, Texas. UPDA will control 75% of this new
subsidiary.
Sundial has finalized the assignment of a total of 5 leases to
Texas Energy and phase one of its plan to work-over 7 wells located on
its 480 acre Thresher-Medlin leasehold in Young County, Texas has been
initiated.
Texas Energy has mobilized a roustabout crew to survey the
properties prior to moving in a work over rig owned by Sundial. The
roustabout crew will first utilize road building equipment to make
ready the roads for the heavy oil field equipment.
In the first phase of the project, Texas Energy will pull the
tubing from 3 of the wells and replace it with tubing drifted and
tested to 5000 pounds. In addition, new flow-lines will be installed
and the pumping units replaced. These wells, to be produced at depths
of 2200'-3800', have been shut in since 2001.
Texas Energy continues to produce the single 3200' well on its
Nantz lease and this week will replace the separator in order to
increase pumping time and oil and gas production.
In addition, three of the nine 1000'-1100' wells on the Texas
Energy Wiechman field will begin production this week.
"We continue to pursue aggressive strategies to build shareholder
value," said Chris McCauley, UPDA Vice President. "This latest joint
venture, consistent with our business model, will utilize funds
provided by UPDA in order to commence or increase production from
proven properties. Texas Energy has the additional advantage of lower
cost as a result of the equipment and expertise brought to the deal by
Sundial. We are confident these investments will generate justifying
revenues."
The production from these wells will be reported by UPDA as it
continues to update its website at:
www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation
(OTCBB:UPDA) focuses on the acquisition and development of proven oil
and natural gas reserves and other energy opportunities through the
creation of joint ventures with under-funded owners of mineral leases
and cutting-edge technologies.
Statements contained in this press release that are not based upon
current or historical fact are forward-looking in nature. Such
forward-looking statements reflect the current views of management
with respect to future events and are subject to certain risks,
uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize or should underlying assumptions prove
incorrect, actual results may vary materially from those described
herein as anticipated, believed, estimated, expected, or described
pursuant to similar expressions.
KEYWORD: NORTH AMERICA FLORIDA TEXAS UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY COAL OIL/GAS UTILITIES
SOURCE: UPDA
CONTACT INFORMATION:
Universal Property Development and Acquisition
Corporation
Bradford Moore, 561-630-2977 (Investor Relations)
info@updac.com
LiteWave Corp. LTWV is pleased to
confirm that the first five shallow gas wells on its leasehold properties
in Bourbon County, Kansas, have been placed into production. Operating
personnel have stabilized production at a rate of between 75,000 and
100,000 cubic feet per day, with excellent back pressure on the lines.
The wells are connected via its 11-mile gathering system to Bourbon County
Pipeline L.L.C. The second group of five wells have been drilled and are
being connected to the gathering system. The final group of five drilled
wells are expected be in operation thirty days after the second five are
competed.
A commitment has been made to commence Infill drilling on its 3,879 acres
of existing leasehold property, with a drill rig being mobilized for a
further ten-well program. The Company expects to commit to additional
development over the next few months, with up to thirty targets identified.
As well, LiteWave is continuing a planned acquisition of leasehold acreage
in the region.
The Company has also entered into negotiations with Arrandale Financial
Corp. to acquire an 75% net revenue interest in the Roark Prospect, Steuben
County, New York oil and gas leases covering approximately 885 net acres.
About LiteWave
LiteWave (OTC BB: LTWV) is an oil and gas company that is focusing its
current efforts on the development of natural gas prospects in the United
States and Europe.
Certain information included in this communication (as well as information
included in oral statements or other written statements made or to be made
by LiteWave Corp.) contains statements that are forward-looking, such as
statements related to the future anticipated direction of the oil and gas
industry, plans for future expansion, various property development
activities, planned capital expenditures, future funding resources,
anticipated production and reserves growth. 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
For More Information Contact:
Jim Newton
1 877-811-4518 ext 229
Email: info@litewavecorp.com
Or visit our Website at www.litewavecorp.com
Industrial Nanotech INTK announced today that the Company is working with one of North
America's Big Three automakers based in Detroit, Michigan regarding the
incorporation of its patent pendng Nansulate(tm) coatings as an energy saving
measure in various production models.
Industrial Nanotech's CEO, Stuart Burchill was invited to meet with
representatives of the engineering team and racing division of this company to
discuss the unique performance qualities of Nansulate coatings and their
potential uses in production vehicles. Nansulate's current use in automobile
racing captured the attention of the auto maker's climate control division as
well as their engineers due to the coatings' unique ability to create thermal
barriers for specialized areas on racecars around the world, including a major
NASCAR racing team.
Mr. Burchill commented, "After a series of meetings and discussions, it has been
determined that there are multiple areas on current production vehicles,
particularly three-quarter ton and one-ton work vans and trucks, that can
greatly benefit from our nanocomposite-based coatings. The next step is for us
to apply Nansulate(tm) to specific areas of a test vehicle that they will be
providing. This will be used to confirm initial results regarding the product's
thermal insulation and anti-corrosion qualities in relation to automobile
performance and fuel efficiency. While we are pleased that our coatings have
been successful and performed well for the racing industry, we recognize the
significant opportunity that incorporating our coatings into current production
vehicles presents for Industrial Nanotech."
"Industrial Nanotech's line of industrial coatings has been the subject of
review and analysis by a number of industries for OEM applications," stated
Francesca Crolley, VP of Operations and Marketing. "Auto manufacturing is just
one that we have been working with since 2005. Our products have been featured
in a growing number of publications, including 'Oil & Gas Product News,
May/June 2005', 'Industrial Equipment News, August, 2005', and 'Job Shop
Technology, January 2006'. The ability of our products to prevent corrosion and
provide thermal insulation simultaneously in an easy-to-apply, durable coating
has several advantages. Additionally, the recently announced results of our
coatings providing protection against mold growth has also prompted many
industries to consider our product as a preventative measure against litigation
from industrial workplace health issues," continued Ms. Crolley.
About Nansulate(tm)
Introduced in 2005, Nansulate is a water-soluble tinted primer or translucent
coating containing a nano-science based material. Nansulate's formulation was
developed by Mr. Burchill who has filed patents both nationally and
internationally and licensed exclusively the rights to Industrial Nanotech, Inc.
The coating's ability to resist mold, prevent corrosion and provide thermal
insulation is well-documented. The Company and its licensed distributors
distribute Nansulate products worldwide.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. (Pink Sheets:INTK) is a global nanoscience solutions
and research leader. The company seeks to introduce new and innovative
applications for nanotechnology by participating with world leading scientists
and laboratories, including Sandia National Laboratories and Princeton Polymers
Laboratories. Industrial Nanotech products address real-world needs and are
currently being tested by Global 100 companies for potential use.
See www.industrial-nanotech.com for more information.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This release includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties including, but not limited to, the impact of
competitive products, the ability to meet customer demand, the ability to manage
growth, acquisitions of technology, equipment, or human resources, the effect of
economic and business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any forward-looking
statements in order to reflect events or circumstances that may arise after the
date of this release.
CONTACT: Industrial Nanotech Inc.
(800) 508-6153
corporate@industrial-nanotech.com
ZA Consulting, Inc.
Investor & Public Relations:
David Zazoff
(212) 505-5976
PressReleases@Za-Consulting.net
Medical Staffing Solutions, Inc. MSSI, an
established provider of medical personnel, technology services and
homeland security products to government and commercial clients, is
pleased to announce it has been awarded a laboratory technician
staffing contract at the Veteran's Affair's Medical Center (VAMC) in
Washington D.C. through its wholly-owned subsidiary TeleScience
International, Inc.
Under the terms of the contract, MSSI will provide Laboratory
Technician staffing services at the VAMC for a seven month period,
with expected renewals. MSSI has previously provided Laboratory
Technician services to this client, and has won this opportunity
through the competitive bid process. Presently, MSSI provides
Registered Nurses, Certified Nursing Assistants, and Cyto Technician
services to the VAMC, under two separate contracts.
Medical Staffing Solutions Chairman and CEO, Dr. BB Sahay, stated,
"We are pleased to service the Veteran's Affair Medical Center through
this new contract award. As always, we will provide the quality
service our clients have come to expect from us."
For all future Medical Staffing Solutions investor relations
needs, investors are asked to visit the Medical Staffing Solutions IR
Hub at http://www.agoracom.com/IR/MedicalStaffing where they can post
questions and receive answers within the same day, or simply review
questions and answers posted by other investors. Alternatively,
investors are able to e-mail all questions and correspondence to
MSSI@agoracom.com where they can also request addition to the investor
e-mail list to receive all future press releases and updates in real
time.
About MSSI-TeleScience
www.telescience.com
In operation since 1992, MSSI-TeleScience International, Inc. is a
provider of long-term medical personnel, homeland security and
technology services to federal, state and local government agencies
and to the private sector. The company's Medical Services Division has
operations in 22 states servicing hospital and medical facilities with
a complete range of medical staff, including doctors, nurses and
technicians. The company holds multiple long-term contracts, including
those with the U.S. Army, the U.S. Department of Health and Human
Services and the state of California.
The company's Technology Division provides systems integration and
information technology services to the federal government, as well as
emergency equipment, decontamination products, vehicles and supplies
to state and local governments.
MSSI-TeleScience International currently has over 200 employees
and continues to grow its staff and contracts.
About Nurses Onsite Corp.
www.nurses-prn.com
Nurses Onsite is a provider of nurse staffing services to acute
care facilities nationwide. The company operates a network of 13
staffing locations in 9 states, serving over 200 hospitals. These
locations primarily focus on placing per diem nurses on an "as needed"
basis to hospitals facing a critical shortage of staff nurses. Based
in West Palm Beach, Florida, Nurses Onsite employs over 1,200 nurses
and 30 executive, management and administrative staff. Having grown
organically since inception in 2002, the company has been invited into
new markets by some of the nation's largest hospital chains because of
its cost efficient streamlined delivery model.
Nurses Onsite plans to expand services rapidly by leveraging its
recruiting technology in the recently launched National Recruiting
Center.
Legal Notice Regarding Forward-Looking Statements:
"Forward-looking statements" as defined in the Private Securities
INSEQ Corporation INSQ today announced that Veridium Corporation [ VRDM ]increased its order for the manufacturing of Veridium's Corn Oil
Extraction Systems(TM) to about $5.2 million. The terms of the
increased order call for INSEQ's manufacturing and delivery of the
systems starting in June 2006.
INSEQ and Veridium are respectively 80% and 70% owned by
GreenShift Corporation (OTC Bulletin Board: GSHF), a business
development corporation whose mission is to develop and support
companies and technologies that facilitate the efficient use of
natural resources and catalyze transformational environmental gains.
Kevin Kreisler, GreenShift's chairman and chief executive officer,
said that "We expect that INSEQ's biofuels orders will continue to
increase as Veridium continues to secure orders from ethanol and other
facilities as well as standard equipment financing off of those
orders. INSEQ's first priority for the immediate term will be on
executing on these orders and investing in the growth of it biofuels
equipment manufacturing capabilities."
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to
directly facilitate the efficient utilization of natural resources
including metals, chemicals, fuels and plastics. More information on
INSEQ is available online at www.inseq.com.
Safe Harbor Statement
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of INSEQ Corporation, and members of their management as
well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important
factors currently known to management that could cause actual results
to differ materially from those in forward-statements include
fluctuation of operating results, the ability to compete successfully
and the ability to complete before-mentioned transactions. The company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the statements to reflect
changed assumptions, the occurrence of unanticipated events or changes
to future operating results.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: ENERGY MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES PRODUCT/SERVICE
SOURCE: INSEQ Corporation
CONTACT INFORMATION:
INSEQ Corporation
Investor Relations, 888-833-8689 ext. 291
Fax: 646-792-2636
investorrelations@inseq.com
www.inseq.com
or
CEOcast, Inc. for INSEQ Corporation
Ed Lewis, 212-732-4300
Morning Chief, Stockz, and team
Rim Semiconductor Company RSMI, an emerging provider of semiconductors to the broadband telecommunications
industry, today announced that it has closed a successful $6 million
private placement of its two year 7% Senior Secured Convertible
Debentures to institutional and private investors.
Rim Semi intends to use these funds to accelerate the
commercialization of the Embarq(TM) product family, and to provide the
high-volume, low-cost ASSP semiconductor for sale. Worldwide demand
for broadband continues to soar, and the Company believes that its
product line is uniquely suited to meet it. Rim Semi's flagship
product, the Embarq(TM) E30 digital signal processor, is a
dual-function chip that combines both the long-reach and high data
rate of DSL plus the cost reduction of VoIP into one unique and
powerful package.
"Customers and trade partners are telling us that Rim Semi's
product has the highest data rates over the longest distances," Brad
Ketch, president and chief executive officer stated. "This power,
combined with the potential for our integrated VoIP to dramatically
lower cost, means to me that demand for our products is sure to be
very strong."
$810,000 of the proceeds from this private placement will repay in
full the Company's obligations under loans made in December 2005 and
January 2006. The remainder of the proceeds of this financing will be
used for increasing the engineering and marketing staffs, investing
more in research and development, incurring the expenses necessary to
have the ASSP fabricated at a chip foundry, and for general corporate
purposes, including fees and expenses relating to this transaction.
This work is intended to bring the Company closer to achieving its
first orders.
The Company also reported today that it received approximately
$570,000 in the aggregate from the exercise of warrants to purchase
Company common stock.
Further, the Company reported today that it eliminated $845,000 in
current liabilities by issuing an aggregate of 12,064,494 shares of
common stock in exchange for the cancellation of six promissory notes.
The notes were held by seven trusts which have been investors in the
Company since 2001.
"The institutional and private investors who participated in these
transactions enthusiastically and confidently support the Rim Semi
management and advisory team and their successes in bringing the
Embarq(TM) chip to market this year", stated Ray Willenberg, Jr.,
chair of the Company's board of directors. "Most of the investors have
invested previously and continue to show great confidence in the
Company and its team."
The 7% Senior Secured Convertible Debentures are secured by a lien
on Rim Semiconductor's assets. As part of this transaction, the
investors also received warrants to purchase shares of Rim
Semiconductor common stock.
$3 million of the $6 million was placed in escrow and will be
released to the Company if the Company amends its charter before April
25, 2006 to increase the number of shares of its authorized common
stock. The proposed increase has been approved by the Company's Board
of Directors and is being submitted to a vote of the Company's
shareholders at the 2006 annual meeting to be held on April 18, 2006.
Additional information relating to the Senior Secured Convertible
Debentures, the warrants and the repayment of the above loans is
included in Rim Semiconductor's Current Report on Form 8-K.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of any such state.
About Rim Semiconductor Company
Based in Portland, Oregon, Rim Semiconductor is an emerging
fabless communications semiconductor company. It has made available an
advanced technology that allows data to be transmitted at greater
speed and across extended distances over existing copper wire. For
more information, visit www.rimsemi.com.
With the exception of historical information contained in this
press release, this press release may include "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements involve risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements, including but not limited to the
following: product development difficulties; market demand and
acceptance of products; the impact of changing economic conditions;
business conditions in the Internet and telecommunications industries;
reliance on third parties, including potential suppliers, licensors,
and licensees; the impact of competitors and their products; risks
concerning future technology; and other factors detailed in this press
release and in the company's Securities and Exchange Commission
filings. Rim Semiconductor is under no obligation to revise or update
any forward looking statement in order to reflect events or
circumstances that may arise in the future.
RushNet, Inc. (Pink Sheets:RSHN) announces that Robert
J. Corr and investment group Lynch Partnership One, led by well-known
entrepreneur Michael Lynch, have agreed to proceed with the private
acquisition of a regional Midwest brewery.
Robert J. Corr is president of RushNet, Inc. (a public company)
and privately held Rush Beverage Company. He has many years of
experience in the beer business.
The company stated that, upon completion of this purchase by the
two parties, RushNet, Inc. will be appointed as exclusive,
royalty-based marketing agent for the brewery's existing branded
products along with new beverage items to come. Sales at the brewery
exceeded $1,000,000 in 2005 and were up 40% in first two months of
2006 compared to the same period last year.
The Brewery
The brewery, one of America's oldest, has been family owned and
operated for over 100 years. It brews and produces its own branded
line of alcoholic and malt beverages, gourmet sodas and does private
label work with these products.
Lynch Group
Chicago native Michael Lynch leads Lynch Partnership One, an
investment entity. Mr. Lynch is the former chairman of a multi-billion
dollar aluminum business, which attempted a take-over of giant
Reynolds Metals Inc. in the late 1990's. More recently, Michael Lynch
has made substantial investments in composite technologies and
plastics. Perceiving undervalued opportunities presented by the
natural/organic food and beverage category, Mr. Lynch is also moving
into this sector aggressively.
Adding Licensed Products
"RushNet is a major beneficiary of this acquisition said Robert
Corr, president of RushNet, Inc. After the Lynch Group and I purchase
the brewery, the RushNet stable of marketed licensed products will
expand instantly to include their existing branded items. Furthermore,
the brewery, under new ownership, will introduce a line-up of
innovative all-natural beverages such as fresh-brewed flavored teas
and lightly carbonated 100% juice drinks; apple, black cherry,
raspberry, blueberry and others. Apple Rush(TM) will be our first 2006
entrant in this category."
Corr added, "The ownership group will install a modern "flash"
pasteurization unit at the brewery to ensure integrity of the
all-natural ingredients without using preservatives. The juice
products will be attractively packaged in glass bottles."
Company Growth
"The brewery alliance, by providing RushNet with a constant stream
of innovative quality beverages, can transform our company into a
full-fledged beverage marketing firm representing multi-level brands
of brewed, carbonated and still beverages," Corr added.
In a further statement, Robert Corr thanked his loyal shareholders
for their steadfast support and invaluable suggestions.
www.enjoytherush.com
Universal Express Inc. USXP) completed the
final phase of their customer management system, HANDLES-06(TM), which
provides the company with greater usability and increases performance.
It actually integrates Luggage Express, Virtual Bellhop, Postal
Courier Association, Postal Nation and now Mad Packers. HANDLES-06
will make it easier to access customer and transaction data. It will
also provide detailed reports previously not available to customers
who utilize our services.
"The completion of trademarked HANDLES-06 has allowed the company
to customize the system using our already existing database," said
Carl Chambers, IT Manager.
"The new, easy to deploy, system will allow our external customers
to go online and receive a quote, make a booking and process their
information," stated Marisa Munro, Sales Director.
A demonstration of HANDLES-06 is available at
www.travellighter.com. "It will be open to the general public on
Friday, March 10, 2006 after all of the security and licenses are put
into place and processed," said Cecelia Vesnesky, COO.
With each step Universal Express and its family of companies
distinguishes itself through its creativity and uniqueness.
"HANDLES-06 is superior in my opinion, than any existing customer
management system and logistics solution worldwide," said Richard
Altomare, CEO and Chairman of Universal Express, Inc.
A sample of Handles-06 can be seen at
www.travellighter.com/handles.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and
transportation conglomerate with multiple developing subsidiaries and
services. For additional information please visit www.usxp.com
Great West Gold, Inc. GWGO) confirms that it will
be filing a Form 8 - K by Tuesday March 14, 2006 in respect of the
acquisitions of the "Treasure King" Gold Mining Project, the Copper
Mountain Copper Mining Project and the "Yaba" Gold Mining Project in
Yavapai County, Arizona.
This filing is very detailed and contains significant geological
data and is therefore taking extensive time to complete. The Company
apologises to its shareholders for our delay in its filing.
Great West Gold, Inc. is planning (in and during March of 2006) to
dispose of its shareholding in each of these two companies acquired
today, as well as its shareholding in Western Diversified Resource,
Inc. to three recently incorporated United Kingdom Holding Companies.
Shareholders will be advised in and during next week as to the
"Record Dates" and the "Pay Dates" for these additional Stock
Dividends to be paid to Great West Gold, Inc. shareholders. It is
intended that the "Record Dates" for these three Stock Dividends be
set for the first week of April 2006.
The admission of the other five United Kingdom Holding Companies
(Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Copperstone
Mining Holdings plc, Golden Eagle Mining Holdings plc and Sentinel
Resource Holdings plc to an OTC Market in the United Kingdom; is
expected to be completed in and during March of 2006 and their dual
admission to the OTC Pink Sheets Market to be completed by April 17,
2006. The shares in the Companies will be posted to eligible Great
West Gold, Inc. shareholders five days prior to the admission of these
Companies to the OTC Pink Sheets Market.
Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based largely on the Company's
expectations and are subject to a number of risks and uncertainties
beyond the company's control, including but not limited to economic,
competitive and other factors affecting the Company's operations,
management team effectiveness, expansion strategies, available
financing, market prices and recovery costs, government regulations
involving the Company, facts and events not known at the time of this
release, and other factors discussed in the Company's filings with the
Securities and Exchange Commission.
These statements are not guarantees of future performance and
readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. The Company undertakes no obligation to update publicly any
forward-looking statements.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS PRODUCT/SERVICE
SOURCE: Great West Gold, Inc.
CONTACT INFORMATION:
Great West Gold, Inc.
Tel: +44 845 127 4051
investor@greatwestgold.com
Summus Works, Inc. SMMW .0001 announced that
Stowe TV-10 will begin coverage of the winter games hosted by the
Vermont chapter of the Special Olympics at Bolton Valley today through
Sunday. Helping to promote the games and raise awareness of the
Vermont chapter's work is just one way the Company can add value to
the community through viable interaction with like-minded charitable
causes. The Vermont Special Olympics' Winter Games include
competitions in snowshoeing, alpine and Nordic skiing events over the
course of three days. "Everyone is a winner in this scenario; the
content of these games is relevant, spirited and moving and hopefully
will receive more media attention in the future. It is just one cost
effective way to for Summus Works to feasibly participate in community
events and champion selfless causes," said Summus Works President, Dan
Burgess.
The mission of the Special Olympics is to provide year-round
sports training and athletic competition in a variety of Olympic-type
sports for children and adults with intellectual disabilities, giving
them continuing opportunities to develop physical fitness, demonstrate
courage, experience joy, and participate in a sharing of gifts,
skills, friendships with their families, other Special Olympics
athletes and the community. Visit www.vtso.org.
Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding
company with interests in outdoor sports, retail, e-tail, print, web,
television and film. For more information on the company or its
subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involve risks and uncertainties including, but not
limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic and
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements in order to reflect events or circumstances
that may arise after the date of this release.
KEYWORD: NORTH AMERICA VERMONT UNITED STATES
INDUSTRY KEYWORD: OUTDOORS ENTERTAINMENT TV AND RADIO PHILANTHROPY COMMUNICATIONS ADVERTISING PUBLIC RELATIONS/INVESTOR RELATIONS SPORTS PRODUCT/SERVICE
SOURCE: Summus Works, Inc.
CONTACT INFORMATION:
Summus Works, Inc.
Dan Burgess, 802-253-0199
summus@summusworks.com
www.summusworks.com
Blackout Media Corp's BKMP) The Fight
Network is pleased to announce that Canadian Cable Systems Alliance Inc.
(CCSA) member RuSh Communications has added Fight Network to its channel
line up as of today -- March 10th.
Available on channel 414, The Fight Network is the first and only all
combatant sports and entertainment channel that delivers the very best in
boxing, wrestling, mixed martial arts, and other combatant styles along
with top-notch "fight theme" movies, documentaries, and news 24 hours a
day. Pride FC, K-1, TNA Wrestling (Xplosion), Ring of Honor, Showtime
Boxing: Shobox, and TKO are just a few of the network's programming
highlights.
"We are pleased to be welcoming RuSh Communications onboard to deliver our
service to their subscriber base," said Mike Garrow President of Fight
Network. "Get ready fight fans in Nova Scotia to feel the 'Rush' on channel
414," he added.
For a complete list of programming and the latest news from the fight
world, please visit www.thefightnetwork.com.
About RuSh Communications Inc.:
RuSh Communications Ltd. is a community-focused, locally owned and operated
company that has been delivering Communications and Entertainment services
to Nova Scotians for the past 26 years. They deliver these services over a
broadband network that consists of both Coax and Fibre Optic technologies.
RuSh Communications Ltd. employs skilled Nova Scotians to maintain the
integrity of the network throughout the Province.
About The Fight Network:
The Fight Network is a cross-platform media company with brand interest in
television, radio and web. All three of these media offerings are
seamlessly integrated to offer fans of combatant sports and related
entertainment a true convergence experience. The Fight Network Inc.
corporate headquarters is located in Toronto, Canada. Additional
information on the company can be found at www.thefightnetwork.com.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout
Communications who is a diversified media and entertainment company
conducting operations in digital television, VOD, PPV, radio the Internet
and print under the brand name "The Fight Network." The activities of
Blackout Media Corp. are conducted principally in Canada and the United
States. www.blackoutmedia.com (coming soon).
Safe Harbor
Morning Chief, Stockz, and Team. Yeah Contractors don't wake up on Rainy Day's, My news service has been very irregular lately, specially Wends, and Thurs, don't know about today, but it still got AVNT..