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Hard to tell on that one. Grabbed a 10k starter @ .05
lol, I haven't put an order in either. Looks like it's going lower
ASPZ .07 -63.16%
Friday, June 20 2008 11:28 AM, EST BZTG (.0375) China Foreign Exchange Site Launched by Buzz
Market Wire "US Press Releases "
HONG KONG and PHUKET, THAILAND -- (MARKET WIRE) -- 06/20/08 -- Buzz Technologies, Inc. (PINKSHEETS: BZTG) is pleased to announce the launch of its Chinese Language Foreign Exchange trading platform www.12buzz.com/cnfx in conjunction with Easy Forex, one of the world's largest Foreign Exchange trading companies. The launch is part of the Smart Investment Expo www.smartexpos.com currently underway in Hong Kong .
Buzz (www.12buzz.com) has been active building a publisher network throughout Asia and is the home page for over 130,000 PCs in internet cafes across the region and appears on some of Asia's most popular web sites. Unlike rivals Google and Baidu, Buzz has actively sought partnerships with advertisers on a revenue sharing basis as well as offering traditional advertising.
"We firmly believe we have the best advertising network in Asia, so working on a success formula with clients actually generates more revenue than pure ad sales, plus it is such a great way to build lasting business relationships. Anyone wanting to reach the huge market in Asia through online ads should really be talking to us," said Sutida Suwunnavid, Buzz Technologies, Inc.'s Chairwoman speaking at the Hong Kong Smart Expo.
Regional Business Development Director for Buzz, Thanissara Sinprasertwong, added, "I was amazed in my first week with the ad network. I entered a property ad on Buzz, seconds later it was on Bangkok Post and an hour later we were getting calls for the property. The network offers such a powerful and fast marketing tool for many sectors including financial services; I am sure Buzz FX will do very well given how popular FX trading is in Asia."
Trading in Asian currencies has grown substantially in recent years, rising in value to 249 billion dollars a day in 2007. Turnover in 10 Asian currencies, excluding the yen, jumped 130 percent between 2004 and 2007, with the Hong Kong dollar accounting for 40 percent of daily operations. Trading in the Chinese currency rose more than sevenfold from two billion dollars in 2004 to 15 billion dollars in 2007.
In general, foreign exchange trading globally is 30 times the value of trade in goods and services, but trading Asian currencies is far below this ratio except in the case of the Hong Kong currency which exceeds it. The availability of local language trading platforms like Buzz FX will see Asia catch up with the rest of the world in the next 5 years. Early entry to this market and the already strong popularity of the www.12buzz.com portal will see the company as one of the prime destinations for FX and Equity Traders in Asia.
Buzz's Online marketing has already replaced Google as Thailand's premier online ad supplier and now has its eyes firmly set on China .
About Buzz:
Buzz Technologies, Inc. is a convergent media company with operations ranging from infrastructure development to online retail.
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties which are identified and described in the Company's registration statements and periodic reports on file with the SEC, some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the travel and transportation industries, and prevailing economic conditions in general. In light of these risks and uncertainties, or should underlying assumptions prove incorrect, there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate.
CONTACT:
Buzz Technologies, Inc.
Beth Simpson
66872721727
Marketing Director
beth@12buzz.com
http://www.12buzz.com
Buzz Technologies, Inc.
Srisoonthorn Road
Cherngtalay, Phuket, Thailand
CLSI .01 -37.50%
CDSI .14 -54.84%
OXIS .0211 -57.80%
SHLP (.17) Team of Industry Experts Join SearchHelp's Advisory Board for Its New Echometrix Division
Friday, June 20 2008 11:01 AM, EST
Market Wire "US Press Releases "
SYOSSET, NY -- (MARKET WIRE) -- 06/20/08 -- SearchHelp, Inc. (OTCBB: SHLP) today officially announced the formation of the advisory board for its new sentiment and behavioral analysis division, Echometrix. "We have put together an influential advisory board of industry expects that will be instrumental to not only validate the new technology, but to lend their collective expertise and help commercialize it in the various verticals identified by management and the advisory team," said Bill Bozsnyak, SearchHelp, Inc. CEO. "The Echometrix technology is unique in that it's automated, understands and analyses digital content, but more importantly, can do it in real-time. It has widespread uses and implications in various industries throughout the world. The Company will announce the management and the plan moving forward within the next few weeks," continued Bozsnyak.
"It is our belief that the Echometrix technology could become the standard and replace the way market research is currently evaluated today," said Herman Rush, speaking on behalf of the new Advisory Board. "Every member of this advisory board has vast experience in the evolution of market research over the past 30 years. Many of the practices used years ago are still common practice today. The analysis and collection of market research has not kept pace with the advances in technology. Echometrix could completely change the way market research is conducted and on behalf of the Advisory Board; we are excited and look forward to utilizing our years of media and marketing expertise to help SearchHelp position and drive this technology forward and into the mainstream," continued Rush.
Advisory Board:
Peter Sealey, Ph D., founder, CEO and majority shareholder of The Sausalito Group, Inc. , former CMO of Coca-Cola and President of Marketing and Distribution at Columbia Pictures;
Herman Rush, former Chairman and Chief Executive Officer of Coca-Cola Telecommunications and former Executive Producer of "The Montel Williams Show";
James Rosenfield, owner/president of JHR & Associates , consultants to traditional media, interactive media, communications and entertainment companies, held various senior management positions at CBS, Inc. , including CBS/Broadcast Group , Sr. EVP responsible for all broadcast activities and President, CBS Television Network Sales;
Fredrick Pierce, served as President of ABC Television and Executive VP and President of ABC, Inc. , which included responsibility for ABC Radio, ABC Publishing, ABC Video Enterprises and the ABC television stations. He also served on the Board of Directors of Capital Cities/ABC Inc. ;
Joe Indelli, former Executive Vice President of Orion Pictures Television, former President of MTM (Mary Tyler Moore) Television Distribution Group ;
Ave Butensky, former President of the Television Bureau of Advertising , Former President of Viacom's Television Program Group .
About SearchHelp:
SearchHelp, Inc. develops software services committed to real-time online protection and family safety. The company develops and sells software products that offer parental controls that enable parents, both in home and remotely, to monitor and regulate their child's computer activities. It also offers technology to corporations, within various verticals, to help management analyze real time, natural language express and measure sentiment and behavior in digital content, such as blogs, forums, emails, instant messaging and mobile text. To learn more about the 'Sentry' line of products or about protecting children when online, please visit SearchHelp at www.searchhelp.com.
Statements in this press release or in other SearchHelp communications may relate to future events or SearchHelp's future performance. Such statements are forward-looking statements and are based on present information SearchHelp has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risks and that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that SearchHelp does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations. SearchHelp makes such forward-looking statements under the provisions of the "safe harbor" section of the Private Securities Litigation Reform Act of 1995.
INVESTOR RELATIONS CONTACT:
DC Consulting LLC
407-792-3333
daniel@dcconsultingllc.com
LTDI (.0007) Latitude Industries, Inc. Enters Into Negotiation Talks With Honda Marine
Friday, June 20 2008 10:30 AM, EST
Market Wire "US Press Releases "
MIAMI, FL -- (MARKET WIRE) -- 06/20/08 -- Latitude Industries, Inc. (PINKSHEETS: LTDI), manufacturer of offshore high performance sport and center console quality-made boats, announced today that it has been approached by Honda Marine and they have formally entered into negotiation talks.
Honda Marine is the pioneer in four-stroke engine technology, setting a new benchmark for fuel efficiency, quiet operation, and low emissions. Honda's outboards share the same unparalleled durability, quality, and reliability of its legendary automobiles. With models ranging from 2 to 225 horsepower, Honda Marine's full line of current production models meets rigorous California Air Resources Board (CARB) 3-Star standards, ensuring their availability and regulatory compliance in all 50 states.
The National Marine Manufacturer's Association has awarded Honda Marine "Best in Customer Satisfaction" for the last four years in a row. Honda outboard engines deliver the power, fuel efficiency and reliability that enhances any boating experience.
"We are delighted to begin talks with Honda Marine. We believe our cutting edge, rock solid and, as recently mentioned by Hot Boat Magazine , 'stealthy boats' will blend together nicely with Honda to provide today's boating market with fully-rigged boat and motor packages," stated Orlando Hernandez, COO of Latitude Industries, Inc.
About Latitude Industries
Latitude Industries is a manufacturer of high-quality, offshore powerboats. The company's boats fuse innovative design with advanced lightweight composite materials that resist rot and decay and retain buoyancy under all conditions. Hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. In addition, the company enhances the safety of its boats by using the latest lamination technology, creating a sturdy and durable hull that can handle the toughest sea conditions. Latitude Industries employs craftsmen with decades of industry experience at its headquarters in South Florida , the sport fishing capital of the world. For more information about Latitude Industries, Inc. , visit www.latitudepowerboats.com.
For more information about Latitude Industries, Inc. or to Sign In for our bi-weekly corporate letter and boating tips visit www.latitudepowerboats.com.
Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
INFORMATION:
For more information about the company, please feel free to send an email
to
Latitude Industries, Inc.
investors@latitudepowerboats.com
LTDI (.0007) Goldrich Provides Corporate Update
Friday, June 20 2008 10:30 AM, EST
Market Wire "US Press Releases "
SPOKANE, WA -- (MARKET WIRE) -- 06/20/08 -- Goldrich Mining Company (OTCBB: LITS) ("Goldrich" or "the Company") provides the following update on its status and activities.
The Company recently changed its name from Little Squaw Gold Mining Company to Goldrich Mining Company . Shares will continue to trade Over the Counter on the Bulletin Board under the symbol LITS until the new symbol is issued by NASDAQ, at which time the Company will inform the public. Shareholders of the Company do not need to exchange their share certificates for new ones. The stock transfer agent will indefinitely honor the old share certificates in the name of Little Squaw.
Goldrich is drilling on its Marisol gold property in Sonora, Mexico . Eight of ten planned diamond drill core holes have been completed. These eight holes test about 400 meters of strike length of the mineralized fault zone to depths averaging 150 meters. The assay returns for these holes will be announced when they are completed. The last two holes represent a 1.5-kilometer step-out along strike of the Marisol mineralized structure. This second area of drilling (referred to as "La Jarra") contains numerous old shallow mine workings.
The Company's Chandalar, Alaska , gold exploration project has been temporarily put on a care-and-maintenance basis. The Company is seeking sufficient funds to carry out a drilling program recommended by independent mining engineers and geological consultants. The consultants identified the Chandalar geology as being favorable for discovery of sediment-hosted gold deposits that are comparable to the orogenic-type, mesothermal gold deposits in Russia , which exceed 30 million ounces of gold.
Elsewhere, the Company recently relinquished its leases for the Broken Hills West, Nevada , and Pedra de Fogo, Brazil , properties. This was done to conserve cash and focus the Company's gold exploration efforts on northern Mexico .
The Company is actively pursuing a dual listing on a senior stock exchange and may initiate a public offering of its stock concurrent with a new listing. It is also exploring joint venture possibilities with senior mining companies that would finance its Chandalar, Alaska , gold project.
The Company has 37,442,178 common shares outstanding. Exercise of all convertible or redeemable features would result in a fully diluted outstanding share position of 48,090,815 and would generate about $4.7 million in net cash proceeds. However, at the current price of the Company's stock, it does not expect to receive significant cash from convertible or redeemable instruments to finance operations. The Company currently has $550,000 in cash.
Richard Walters, President of Little Squaw, wrote this news release; the Company is responsible for its contents. For additional information regarding Little Squaw, contact Susan Schenk, Manager of Investor Relations: telephone (509) 535-6156; e-mail ir@littlesquawgold.com. Little Squaw maintains a comprehensive Web site at www.littlesquawgold.com.
Little Squaw Gold Mining is engaged in the business of precious-metals discovery. This endeavor carries certain risks that are commensurate with the potential rewards of such efforts. These risks cannot be quantified and should not be taken lightly. All statements made here regarding the firm's investment potential should be considered "forward-looking statements" as defined by prevailing regulatory guidelines. As forward-looking statements, these items represent the measured professional judgment of management. They do not, however, represent guarantees, and unforeseen and/or unforeseeable future developments that may render them either incomplete or incorrect. Actual results, plans, programs, and financial performance may differ materially from express or implied forward-looking statements.
Contact:
Susan Schenk
Manager of Investor Relations
(509) 535-6156
ir@littlesquawgold.com
www.littlesquawgold.com
PRRY .14 -36.36%
DCR yup, man I knew it would just have a steady decline. Easiest short ever
I'm thinking I'm going to play SPY (ETF) . Looking @ the 133.00 calls
Yea, big volume but I'll wait to see if it goes lower
EFGU yea I'm liking .80 too. May grab a starter there
RSRS only has 2 days history. Was 1.00 yest
AUCAF (.30) Holloman Energy Corporation Gives an Update on ACOR's 13.83% Carried W.I. Under Onshore PEL 112 Located in South Australia
Friday, June 20 2008 9:45 AM, EST
Business Wire "US Press Releases "
CISCO, Texas --(BUSINESS WIRE)--
Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF) is pleased to announce that the operator of PEL 112, Holloman Energy Corporation through its CEO, Grant Petersen, has released a press release dated 6-17-08 with the sole purpose to give an interim update to shareholders.
Due to significant recent activity and interest by major international oil companies, Holloman Energy Corporation has elected to retain Perth Australia -based Tony Saitta and Saitta Petroleum Consultants Pty Ltd. as a ``boots on the ground'' consultant to the operator of PEL 112 to assist and interpret all available information.
PEL 112 covers approximately 818,904 gross acres, and has only 1 well drilled (dry) on the entire area and is located in the prolific onshore Cooper/Eromanga Basin of South Australia .
Holloman Energy Corporation also states that oil discoveries adjoining PEL 112 to the North and East have recently been discovered in excess of 5,000 barrels a day and daily production exceeds 27,000 barrels a day. This area, adjacent to PEL 112 to the North & East has had a two out of three success ratio.
Holloman Energy Corporation states that so far, they have identified 19 locations on this lease and that they expect to drill and hopefully complete a minimum of two wells in the main fairway over the next several months.
The latest new oil field discovery adjoining PEL 112 is the Parsons oil field. Oil production has started at the Parsons oil field adjoining ACOR's 13.83 % W.I. under PEL 112 to the North on the Cooper/Eromanga Basin's sparsely explored western flank with the Parsons-1 well flowing 2640 barrels of oil per day, according to the field partner.
The field partner added the Parsons-2 well is also expected to be brought online within two weeks, further increasing production from the field. Production off-take from the Parsons oil field facility will be stabilized and optimized in the subsequent weeks.
ACOR owns a 13.83% Carried W.I. through the first 3 wells under PELs 108, 109, & 112.
About Australian-Canadian Oil Royalties Ltd. :
ACOR management draws no cash salary. ACOR has NO LONG-TERM DEBT. ACOR's principal assets consist of 15,440,116 gross surface acres of overriding royalty interest and 8,561,007 gross acres of working interests, located Onshore Australia in the Cooper-Eromanga Basin and Offshore Australia in the Gippsland Basin in the Bass Strait.
ACOR is a publicly traded oil company trading on the NASDAQ OTC Bulletin Board Exchange under the trading symbol "AUCAF."
Summary:
Australia is a "hot spot" for oil & gas exploration and ACOR is positioned for possible "Company-Maker" discoveries. ACOR's working interests and overriding royalty interests are located offshore & onshore in the best producing basins.
Visit our website at www.aussieoil.com.
Disclaimer:
Except for historical information contained herein, the statements released are forward-looking statements that are made pursuant to the provision of the Private Securities Litigation Reform Act of 1955. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Source: Australian-Canadian Oil Royalties Ltd.
CYRX (.80) CryoPort, Inc. to Exhibit at Drug Information Association's 44th Annual Meeting
Friday, June 20 2008 9:45 AM, EST
Market Wire "US Press Releases "
LAKE FOREST, CA -- (MARKET WIRE) -- 06/20/08 -- CryoPort, Inc. (OTCBB: CYRX), a leading developer of shipping technologies for the biopharmaceutical cold-chain shipping industry, today announced that it will be exhibiting at the 44th Annual Meeting of the Drug Information Association (DIA) being held in Boston on June 22-26, 2008 .
The Company will be in booth 1934. The DIA serves more than 30,000 professionals involved in the discovery, development, regulation, surveillance, or marketing of pharmaceuticals or related products worldwide.
CryoPort CEO, Peter Berry, said, "The DIA Conference is an excellent venue to meet with high level individuals who are directly involved in the decision-making process. Many potential end-users of our CryoPort Express(TM) Shipper will be in attendance providing us an opportunity to show the value and benefit of our product on a one-on-one basis. "
To be added to CryoPort's investor list, please email: edward@carpedminc.com
About CryoPort, Inc.
CryoPort (www.cryoport.com) develops leading edge, proprietary, technology-driven shipping and storage products for use in the rapidly growing global biotechnology and biopharmaceutical cold shipping chain. The products developed by CryoPort are essential components of the infrastructure required for the testing, research and end user delivery of temperature-sensitive medicines and biomaterials in an increasingly complex logistical environment.
"SAFE HARBOR"
This press release contains forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
Contact:
Stuart Fine
Carpe DM, Inc.
908-469-1788
TGIC is one of those weird traders with power uts. I played it earlier for a quick flip
RPDI (.001) Rapid Fitness, Inc. Announces Company Statement and Acquisition With Global TV Network, Trading on the OTCBB Has Offered to Purchase Our Mainstream Entertainment Subsidiaries
Thursday, June 19 2008 2:40 PM, EST
Market Wire "US Press Releases "
FT. LAUDERDALE, FL -- (MARKET WIRE) -- 06/19/08 -- RAPID FITNESS, INC. (PINKSHEETS: RPDI), a publicly traded company currently on the Over the Counter, announces we have an agreement with Global TV network, a Subsidiary trading on the OTC Bulletin Board (Holding Company soon to be announced), has offered to purchase our mainstream entertainment subsidiaries. Rapid Fitness board of Directors has agreed to Global TV Network acquiring these subsidiaries in a stock acquisition agreement. IPTV Entertainment Network -- KIDS MUSIC TV Network -- IPTV Sports Network.
Anthony Mellone Stated: "This is the best move we have made since we have begun operations. This agreement supports all our investments and shareholders into a stronger position. The purchasing shares shall be divided among all the shareholders of Rapid Fitness. Rapid Fitness, Inc. shareholders shall receive shares in Global TV Network and retain the shares presently held in RPDI. Amore TV may remain in (RPDI) or spun out. Amore TV will work together with the Global TV Network supplying content for the hospitality network of Global TV Network for their Hotel division network. We believe this is a strong move for Rapid Fitness shareholders and we are very excited to complete this agreement."
About Global TV Network:
The Global TV Network is an ISP Portal broadcasting in all languages around the world; their portal has been designed to open in 156 languages in all the top countries. They also stream TV programming in all languages any where in the world for the first worldwide TV broadcasting Network. Global TV Network broadcasting portal can be seen at:
View ISP Portal: (sign up free to view)
www.globalweb.tv
www.kmtvn.com
Safe Harbor Provision
This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rapid Fitness, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
Contact:
Rapid Fitness
6499 N Powerline RD #201
Ft. Lauderdale, Fl, 33309
Ph: 954-772-2640
Fax: 954-772-2643
ZILA (.38) UnitedHealthcare Specialty Benefits Extends Coverage to ViziLite Plus, Zila's Oral Cancer Screening Product
Thursday, June 19 2008 2:36 PM, EST
Business Wire "US Press Releases "
PHOENIX --(BUSINESS WIRE)--
Zila, Inc. (NASDAQ:ZILA) today announced that UnitedHealthcare Specialty Benefits (UHSB) began extending coverage for ViziLite(R) Plus with TBlue(TM), Zila's innovative screening device for the early detection of oral abnormalities that could lead to cancer.
"With UnitedHealthcare Specialty Benefits making oral cancer screening with ViziLite Plus a benefit, more than 21 million lives are now covered," said David Bethune, chairman and chief executive officer of Zila. "UHSB is joining a growing list of premier national insurance plans that provide coverage for ViziLite Plus, including Cigna, Humana, Guardian and Safeguard, as well as a number of regional plans and self-insured employers. Over time, this new coverage will encourage more screening for oral cancer, and, in turn, enhance ViziLite Plus sales. We believe insurance providers are extending coverage of ViziLite Plus because early cancer detection leads to improved health outcomes for patients and lower overall medical costs."
"Given that 25% of oral cancers occur in people who do not smoke and have no other behavioral risk factors, it is imperative that every adult be screened at least once a year," said Mark Bride D.D.S., vice president, Medical Affairs at Zila. "ViziLite Plus is a proven technology used by thousands of dental offices across the United States ."
About Oral Cancer and ViziLite Plus
One American dies every hour of oral cancer. According to American Cancer Society data, nearly as many women will be diagnosed with oral cancer as with cervical cancer this year. The key to reducing the impact of this disease is early detection.
ViziLite Plus is an oral screening technology that utilizes a chemiluminescent light source (ViziLite) and a patented pharmaceutical-grade vital tissue dye (TBlue). The ViziLite Plus exam takes only minutes and is totally painless and non-invasive. Zila began marketing the product through its direct sales force in the U.S. in February 2007 , in Canada in November 2007 , and launched ViziLite Plus in Europe in May 2008 .
About UnitedHealthcare Specialty Benefits
UnitedHealthcare Specialty Benefits offers a broad array of specialty benefits, including vision, dental, group and voluntary insurance, worksite individual insurance and non-insurance programs. UnitedHealthcare Specialty Benefits is a business unit of OptumHealth, the health and wellness unit of UnitedHealth Group, Inc. (NYSE:UNH). More information about OptumHealth can be found at www.optumhealth.com/.
About Zila, Inc.
Zila, Inc. , is a fully integrated oral diagnostic company dedicated to the prevention, detection and treatment of oral cancer and periodontal disease. ViziLite(R) Plus, the company's flagship product for the early detection of oral abnormalities that could lead to cancer, is the first and only adjunctive medical device cleared by the FDA for use in a population at increased risk for oral cancer. In addition, Zila designs, manufactures and markets a suite of proprietary products sold exclusively and directly to dental professionals for periodontal disease, including the Rota-dent(R) Professional Powered Brush, the Pro-Select(R) Platinum ultrasonic scaler and a portfolio of oral pharmaceutical products for both in-office and home-care use.
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. These forward-looking statements are based largely on Zila's expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company's control. Therefore, actual results could differ materially from the forward-looking statements contained herein. A wide variety of factors could cause or contribute to such differences and could adversely affect revenue, profitability, cash flows and capital needs. There can be no assurance that the forward-looking statements contained in this press release will, in fact, transpire or prove to be accurate. For a more detailed description of these and other cautionary factors that may affect Zila's future results, please refer to Zila's Form 10-K for its fiscal year ended July 31, 2007 and Form 10-Q for the quarter ended April 30, 2008 .
For more information about the company and its products, visit www.zila.com.
Source: Zila, Inc.
CYDS (.31) Cygne Designs, Inc. Announces First Quarter 2008 Results
Thursday, June 19 2008 2:15 PM, EST
Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)--
Cygne Designs, Inc. (NASDAQ: CYDS) today announced results of operations for the first quarter ended April 30, 2008 .
Net sales for the first quarter of 2008 were $15,282,000 , a decrease of $5,581,000 from $20,863,000 net sales for the first quarter of 2007. This decrease in sales is comprised of a $1,616,000 decrease in sales from branded garments, and a decrease of $10,430,000 from the loss of business of two major customers, partially offset by an increase in sales of our private label business of $5,559,000 and an increase in our non-denim products of $906,000 .
Gross profit for the first quarter of 2008 was $547,000 , a decrease of $3,626,000 , or 86.9%, from the gross profit of $4,173,000 for the first quarter of 2007. Gross margins decreased to 3.6% compared to 20% in the prior year period as a result of the product categories sold and the fact that the Company no longer has a guaranteed margin agreement in place with its former supplier. Additionally, the Company's initial gross margins with its new suppliers were lower overall compared to the prior year period and, due to late deliveries during the period, the Company incurred significant chargebacks and late delivery fees, which negatively impacted gross margins during the period.
The Company recorded a net loss of $3,800,000 , or $0.10 loss per share on a basic and diluted share basis, for the quarter ended April 30, 2008 as compared to a net loss of $1,372,000 , or $0.05 per share on a basic and diluted share basis, for the prior year period. The net loss of $3,800,000 for the three months ended April 30, 2008 included expenses of $1,008,000 for a severance expense attributable to the Company's former CEO and $273,000 for non-cash stock compensation issued to the Company's current CEO.
Cygne and its bank use EBITDA as a supplemental financial measure to assess the financial performance of its assets without regard to financing methods and capital structure. EBITDA should not be considered an alternative to net income, operating income and cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. EBITDA excludes some items that affect net income and operating income. Since these items may vary among other companies, EBITDA as presented below may not be comparable to similarly titled measures of other companies. A reconciliation of the net (loss) to EBITDA is shown in the table below.
Reconciliation of EBITDA
---------------------------------------------------------------------
Quarter Ended
------------------------------
(In thousands)
April 30, April 30,
2008 2007
--------------- -------------
Net (loss) $ (3,800) $ (1,372)
Depreciation and amortization of
intangible assets 35 508
Interest expense including
amortization of the debt discount 217 957
Provision for income taxes 12 480
--------------- -------------
EBITDA $ (3,536) $ 573
=============== =============
Cygne Designs, Inc. is a designer, merchandiser, manufacturer and distributor of branded and private label women's denim, casual and career apparel with sales to retailers located in the United States .
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. All forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those projected. Such risks and uncertainties are discussed more fully in the Company's Annual Report on Form 10-K for the year ended January 31, 2008 and the Company's other filings with the Securities and Exchange Commission .
(Financial table to follow)
CYGNE DESIGNS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
Quarters Ended
------------------------
April 30 April 30
2008 2007
------------ ----------
Net sales $ 15,282 $ 20,863
Cost of goods sold 14,735 16,690
------------ ----------
Gross profit 547 4,173
Selling, general and administrative expenses 4,143 3,600
Depreciation and amortization 35 508
------------ ----------
(Loss) Income from operations before
interest and income taxes (3,631) 65
Interest expense 217 957
Other (income) (60)
(Loss) from operations before income taxes (3,788) (892)
Provision for income taxes 12 480
------------ ----------
Net loss $ (3,800) $ (1,372)
============ ==========
Net loss per share-basic and diluted $ (0.10) $ (0.05)
============ ==========
Weighted average common shares outstanding:
Basic 37,976 26,462
============ ==========
Diluted 37,976 26,462
============ ==========
Source: Cygne Designs, Inc.
ALHI (.05) Allarae HealthCare Announces Joint Venture with Lobeck Medical AG, Frick, Switzerland
Thursday, June 19 2008 2:19 PM, EST
Business Wire "US Press Releases "
DALLAS & FRICK, Switzerland --(BUSINESS WIRE)--
Allarae HealthCare, Inc. , Dallas, Texas (Pink Sheets:ALHI), and Lobeck Medical AG , Frick, Switzerland (FRANKFURT:34L) (ISIN CH0025477065), announce a long term joint venture agreement and product distribution alliance. The alliance will provide Allarae with access to an established global distribution channel for immediate sale of its products and services in about 30 countries outside the US, while making Lobeck products available to Allarae for exclusive distribution in the United States . Both companies will centralize manufacturing and warehousing at Lobeck central manufacturing facilities in Frick, Switzerland .
The companies are complementary and active in the personal health screening area. Allarae is now focusing on development/acquisition of innovative personal testing, screening and monitoring products/services including breast and other cancer early detection systems. Allarae is also involved with the implementation of a comprehensive family software system for live tracking and monitoring of personal health indicators.
Lobeck has developed several innovative products including a proprietary, intelligent blood glucose meter and a range of personal screening tests for pregnancy, ovulation, female menopause and colon cancer. These will be integrated with the new Allarae software. Lobeck is actively focusing on the distribution of all products and further development of its global distribution channels. Under the new arrangement, Lobeck will manufacture all products in Switzerland for both companies.
Together the two companies will launch several innovative new products and services this year and in the future. A few include tests for very early cancer detection and monitoring, a system for strep throat detection, prostate PSA screening and flu virus screening. FDA and CE approval has already been obtained for several tests which are ready for immediate global sale under the worldwide protected brand name "MediSmart of Switzerland (R)."
In order to manage the venture, a jointly owned subsidiary is being established in Nevada along with a sales office in Dallas, Texas . The Nevada operation will be responsible for distribution in North America as well as for management of the FDA approval process. Under the main provisions of the agreement, Allarae will make available a comprehensive software system for test result tracking and monitoring under the "MediSmart of Switzerland (R)" brand. The software will integrate all the test kits and medical devices into a central data vault and tracking network, thereby creating a unique, first-to-market international offering. These new products, among others, will be presented at the world's leading medical trade fair MEDICA in November 2008 in Dusseldorf, Germany .
Mr. Phillip Matteis, Allarae's CEO, said today, "This is a hallmark agreement for both companies. It is very important that families and individuals have the tools available to find out if they have any major health conditions at the earliest possible time. Health problems such as cancer can go undetected for years until it is too late for a favorable outcome. The combined growing line of kits and software will bring affordable solutions to an international market like never before. Because of today's complex healthcare environment, everyone must take personal responsibility to monitor their health on a regular basis."
By combining Allarae and Lobeck products under the joint alliance and distribution umbrella, both companies will realize an enriched product offering, including multi-national data on health, and a unique opportunity worldwide. The management team believes that this will be a significant driver for increased shareholder value and strong revenue in both companies.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as ALHI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
New corporate Website: www.allarae.com
Source: Allarae HealthCare, Inc.
AKYI (.014) TeknoCreations InCharge Hits the Water
Thursday, June 19 2008 1:30 PM, EST
PrimeNewswire "PrimeNewswire "
ALBUQUERQUE, N.M. , June 19, 2008 (PRIME NEWSWIRE) -- AccessKey IP, Inc. (Pink Sheets:AKYI), the developer, designer and producer of advanced entertainment and communication devices, announced today that its consumer electronics subsidiary, TeknoCreations, has been notified that its InCharge for Wii and InCharge for Xbox 360 inductive chargers, in spite of the horrific earthquake and now flooding in China , has departed for the U.S.
Mark Kasok, TeknoCreations' Vice President of Sales and Marketing commented, "We are very excited to have product on the water and scheduled to arrive in the United States early July. Immediately after clearing U.S. Customs, the product will ship out to our distributors and should shortly thereafter be available in retail stores and etailers across the U.S. and Canada ." Our distributors offer products to all sizes of retail stores from small retail shops all the way up to the largest retailers in North America . Our InCharge products are showing up on the internet through various search engines such as Google, MSN and Yahoo.
About AccessKey IP, Inc.
AccessKey IP is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms.
AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of consumer electronics and business security needs. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.
The AccessKey IP logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4945
Forward-Looking Statements
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 AccessKey IP, Inc. and members of its 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. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: AccessKey IP, Inc.
Bruce Palmer
310-734-4254, ext. 105
www.accesskeyip.com
www.teknocreations.com
Yea, a bunch of them out there lately. They are scary because they can keep falling but when they do bounce they are pretty nice
EPTI .255 -56.78%
PWSF (.37) Dr. Samuel Zentman Joins PowerSafe Technology Board of Directors
Thursday, June 19 2008 12:40 PM, EST
Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)--
PowerSafe Technology Corp. (NASDAQ: PWSF) announced that Samuel Zentman, Ph.D. has been appointed to its board of directors.
Dr. Zentman has a Ph.D in mathematics as well as broad financial and information systems management experience in technology companies at the executive and consultant levels. Dr. Zentman has served as a director of Acorn Energy (NASDAQ: ACFN) since November 2004 . During his tenure, ACFN's stock price has climbed approximately six-fold. Also, he currently serves as lead director of Hinson-Hale Medical Technologies, a privately held supplier of highly engineered textiles for demanding medical applications.
"We are fortunate and thrilled to welcome Dr. Zentman to our board," said Jack N. Mayer, President of PowerSafe Technology. "We expect Dr. Zentman to contribute significantly to our continued development. He brings a clear-cut perspective on emerging technologies and their commercial application and deployment."
"I am very pleased to join the PowerSafe Technology Board of Directors at a critical time in the company's growth," said Zentman. "Their forthcoming merger with Amplification Technologies Inc. , with its strong team and highly sensitive detector technology, provides a compelling opportunity."
Dr. Zentman served as chairman of a national non-profit organization involved in primary and secondary education and currently is a member of its executive committee. Dr. Zentman is also joining the board of Amplification Technologies and is a shareholder of both PowerSafe Technology and Amplification Technologies.
About PowerSafe Technology Corp. (PWSF.OB)
PowerSafe Technology is focused on completing its merger with Amplification Technologies and developing Amplification's extremely sensitive patented photodetector technology. The technology has significant performance and cost advantages over traditional technology and is positioned as the next generation solid state technology for low level light detection.
For comprehensive information on PowerSafe Technology Corp. , including the 8-K filed on April 4, 2008 announcing the transaction with Amplification Technologies, please visit the SEC's Web site containing our public filings.
For the actual agreement between PowerSafe Technology and Amplification Technologies, including the information about Amplification Technologies, which was filed as Exhibit D to the Merger Agreement, please click here.
About Amplification Technologies
Based in New York , Amplification Technologies seeks to transform the field of low-level signal detection. The company's patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as medical diagnostics, drug development, scientific instrumentation and homeland security. The technology has been successfully used to develop extremely sensitive detectors of low levels of light. The company believes its detectors will be used in many existing applications as well as open up new markets. Amplification Technologies is patented to encompass detection of signals other than light, and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors.
www.amplificationtechnologies.com
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of PowerSafe and Amplification. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherit herein and set forth in PowerSafe's SEC filings and such other matters as are contained therein. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Source: Amplification Technologies
IMUC (.65) ImmunoCellular Therapeutics Announces Research Agreement with George Mason University for Detection of Certain Cancers
Thursday, June 19 2008 12:37 PM, EST
Business Wire "US Press Releases "
LOS ANGELES --(BUSINESS WIRE)--
ImmunoCellular Therapeutics, Ltd. (OTCBB: IMUC) (IMUC), a biotechnology company, today announced that the company has signed a research agreement with George Mason University for the development of a blood test to detect small cell lung cancer and pancreatic cancer using IMUC's monoclonal antibody technology. The blood-based test would be designed to look for certain markers for the cancers potentially allowing for early detection of these cancers as well as assisting the selection of patients most likely to respond to the company's monoclonal antibody therapy, ICT-109.
"We are excited to be working with such a renowned scientist, Dr. Emanuel Petricoin, and his team at George Mason University , as his work in the development of personalized medicines and the application of proteomics in cancer detection is highly regarded, including his past work on cancer biomarker discovery for ovarian and prostate cancer early detection," stated Dr. Manish Singh, president and chief executive officer of ImmunoCellular Therapeutics. "We were pleased to present exciting pre-clinical data from our antibody program at last week's American Society for Clinical Oncology meeting demonstrating the ability to detect dramatic disparities between cancer types, potentially allowing for the development of discerning therapeutics for specific cancers, thereby enabling greater safety and efficacy."
"We look forward to working with ImmunoCellular Therapeutics and working toward the validation and verification of their candidate biomarkers, as we are intrigued by the preclinical data collected to date," stated Dr. Petricoin, professor of Life Sciences and co-director, Center for Applied Proteomics and Molecular Medicine , George Mason University . "Small cell lung cancer and pancreatic cancer are two of many cancers where patients could benefit from early detection, so we will seek to develop a simple blood test using IMUC's antibody technology that might enable these cancers to be discovered early, which could ultimately dramatically improve a patient's prognosis. This work will greatly assist our University CAP-CLIA compliant proteomics laboratory module the necessary proficiency testing towards full accreditation of the laboratory."
IMUC, through its recent acquisition of monoclonal antibody-related technology from Molecular Discoveries LLC , has several novel monoclonal antibodies. ICT-109, the company's lead antibody, is a monoclonal antibody targeting small cell lung cancer and pancreatic cancer. This candidate is currently in pre-clinical development, and the company plans to couple it with a diagnostic kit to prescreen patients for the specific antigens that bind to ICT-109.
About ImmunoCellular Therapeutics
IMUC is a Los Angeles -based development stage company that is developing immune-based therapies for the treatment of brain and other cancers. IMUC's lead product candidate--a dendritic cell-based vaccine for treating brain tumors--is currently being evaluated in a Phase I clinical trial. Additionally, the company is developing a therapeutic vaccine targeting cancer stem cells for multiple cancer indications and is also evaluating its newly acquired monoclonal antibody-related technology for diagnosing and treating multiple types of cancer. To learn more about IMUC, please visit www.imuc.com.
Forward-Looking Statements
This press release contains certain forward-looking statements that are subject to a number of risks and uncertainties, including without limitation the need to confirm pre-clinical data characterizing distinct antigens between cancers; the risk that therapeutics based on markers detected by IMUC's technology will not prove to be safer or more efficacious than alternative therapies; the continuation of research agreements, including the antibody agreement with George Mason University ; the need for substantial additional capital to fund development of product candidates beyond their initial clinical or pre-clinical stages; and the risks associated with pre-clinical and clinical development of product candidates. Additional risks and uncertainties are described in IMUC's most recently filed SEC documents, such as its most recent annual report on Form 10-KSB, all quarterly reports on Form 10-Q and any current reports on Form 8-K, IMUC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: ImmunoCellular Therapeutics, Ltd.
FRHV (.09) Fresh Harvest Products, Inc. Reports Second Quarter Results and Increases Distribution
Thursday, June 19 2008 12:19 PM, EST
PR Newswire "US Press Releases "
NEW YORK , June 19 /PRNewswire-FirstCall/ -- Fresh Harvest Products, Inc. (OTC Bulletin Board: FRHV) reported its financial results for the second quarter ending April 30, 2008 on June 16, 2008 . "Our increased revenues can be attributed to management expanding market penetration and growing sales," states Michael J. Friedman, Chief Executive Officer, "while losses were due to expenses incurred in investing in our infrastructure in preparation for the growth we expect to achieve in 2008. Also, we are pleased that during the quarter we were able to decrease our debt by $750,925 , which has strengthened our balance sheet."
"Management intends to continue to focus on increasing revenues and earnings, and ultimately, increase shareholder value. We continue to expand our distribution network through distributors as well as working directly with the retailers." Mr. Friedman continues, "We are currently working with two of the largest specialty distributors in the US, which have approved products for distribution throughout their national networks. We are also working with several very strong regional distributors across the US. Management expects the new distributors and their purchase orders to have an impact on revenue beginning in the 4th Quarter of 2008 and building through 2009."
About Fresh Harvest Products, Inc.
Fresh Harvest Products, Inc. sells, markets and distributes natural and organic food products and beverages. Under the Wings of Nature(TM) brand name, Fresh Harvest offers a line of organic snack products, which primarily include health bars, coffee bars, tortilla chips and salsa. In addition, Fresh Harvest provides a grocery product line which includes several varieties of whole bean and ground coffees, olive oil and beverages. The Company sells its products to natural food distributors and stores, specialty supermarkets and mass market retailers. Fresh Harvest Products, Inc. was founded in 2003 and is headquartered in New York City . Additional information is available at www.freshharvestproducts.com
Safe Harbor Statement
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to Fresh Harvest Products, Inc. , or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's periodic reports and other filings made with the U.S. Securities and Exchange Commission , including its Annual Report for the year ending October 31, 2006 filed on Form 10KSB. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.
SOURCE Fresh Harvest Products, Inc.
EVSO (1.30) Evolution Solar Enters Negotiations to Acquire China-Based R&D Corporation
Thursday, June 19 2008 12:12 PM, EST
Market Wire "US Press Releases "
GILBERT, AZ -- (MARKET WIRE) -- 06/19/08 -- Evolution Solar Corp. (PINKSHEETS: EVSO) has entered into negotiations to acquire a Hong Kong -based R&D and Procurement Company . Evolution Solar most recently announced its plans to develop alternative energy technologies using thin film solar panels.
"Evolution Solar is planning to establish a footprint with the manufacturing capabilities in the Asian markets that can assist in the reduction in the manufacturing and procurement of materials in the heavy technology manufacturing providence of Shanghai, China ," said Robert Kaapke, President and CEO of Evolution Solar.
Technology currently exists for analyzing cost and performance of solar systems, developing parabolic trough technology for solar electricity generation, and developing advanced technologies such as concentrating photovoltaics (solar panels).
The Holy Grail for solar panel manufacturers is to engineer and commercially manufacture solar panels that can produce one watt of power for under a dollar, without subsidies, making solar energy generally cheaper than coal generation. Currently the best crystalline silicon solar panels sell for about $3.40 to $4.00 per watt.
"We see our competitors trying to reduce the cost per watt by scaling up production or using less than industrial grade materials," Mr. Kaapke explained. "We believe better engineering and technological innovations are the keys to delivering increasingly cost effective solar panels."
Industry analysis has predicted the cost per watt should decrease to $1 by 2010. First Solar is currently making solar modules that are twice as cost-effective as the industry standard, selling at $2.40 per watt.
According to AmTech, JA Solar Holdings Co., Ltd. reportedly met its production targets for '08 and continues to be significantly over-procured in terms of raw materials supply for 2008 and 2009.
About Evolution Solar Corporation
Evolution Solar Corporation , (PINKSHEETS: EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities. For more information please visit our homepage at: http://www.evolutionsolar.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
Robert Kaapke
Evolution Solar Corp.
648 East Harwell Road
Gilbert, AZ 85234
Phone: 480.370.3535
Email: Email Contact
Yea, I was thinking the same thing. I see someone grabbed .2001. Chart shows it bounced off of .20 a few sessions back. I hope it comes down to .10
GARM (.032) RecycleNet ROCs-Recycling Offset Credits
Thursday, June 19 2008 11:53 AM, EST
Market Wire "US Press Releases "
SALT LAKE CITY, UTAH -- (MARKET WIRE) -- 06/19/08 -- Paul Roszel, Chairman of RecycleNet Corporation (OTCBB: GARM)is pleased to introduce the Recycling Offset Credit (ROCs) program. This program provides a certified measurement system to recognize and reward companies for their recycling efforts. RecycleNet will issue/award Recycling Offset Credits (ROCs) for each ton of material recycled by participants.
As a result of the increased awareness of climate change and global warming, more and more people have become concerned about greenhouse gas emissions and are developing strategies to reduce their carbon footprint. Many companies, individuals and institutions have implemented carbon neutral goals.
The Recycling Offset Credits (ROCs) program is an effort to provide a universally recognized standard to measure and certify recycling efforts and to demonstrate the economic impact of the recycling industry. Recycling Offset Credits (ROCs) may be used to calculate an equivalent offset of your carbon footprint.
RecycleNet Corporation invites any company, institution or organization to participate in the voluntary ROCs program by reporting materials recycled. There is no fee to participate and the program is open and applicable to anyone in all stages of the recycling/reverse distribution supply chain.
For more information and to participate in the Recycling Offset Credits program please visit www.recycle.net/offsetcredits.
About RecycleNet
RecycleNet operates The Online Secondary Commodities Exchange. Founded in 1995, RecycleNet created a powerful platform to facilitate the international trade of secondary commodities. RecycleNet Corporation enables trade on a local, national and international basis with customized sites locating markets around the world in many different commodities. On any given day, there are in excess of $200 million in new items listed within our exchanges.
In addition to organic growth, RecycleNet Corporation continues to pursue its aggressive plans of merger, acquisition, joint ventures, and strategic alliance.
Contacts:
RecycleNet Corporation
Tom Hattle
(801) 531-0404
Email: info@recyclenet.com
Website: www.recyclenet.com
CCRY .21 -47.50%. Interesting chart
BLDV .012 would have been perfect
DLOV .065 X .08 -50.00%
Morning SL! So far only TGIC bounce and CVH options. And you?
FTGI (.40) Finotec Group, Inc. Reports First Quarter 2008 Results
Thursday, June 19 2008 10:07 AM, EST
Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)--
Finotec Group, Inc. (OTCBB: FTGI), today announced financial results for the first quarter ended April 30, 2008 . Total net losses from foreign currency future operations were $411,800 for the three months ended April 30, 2008 , as compared to a net gain from foreign currency future operations of $1,126,058 for the three months ended April 30, 2007 , a decrease of $1,537,858 . The decrease is attributable to a variety of factors, including the general global downturn in the financial markets, client reactions to market uncertainties, an increase in customer withdrawals during the quarter as well as technical issues with the Company's internal hedging system.
On June 16, 2008 , Finotec entered into definitive agreements for raising a total of $1,000,000 in new equity capital which has already been funded, with accompanying warrants which may be exercised for $5,000,000 for an additional 10 million shares. Four investors subscribed to the investment. These funds will be used for working capital purposes and further expansion of Finotec's marketing strategy.
During the three months ended April 30, 2008 , the Company experienced a significant increase of 25% average monthly growth in the number of new client accounts as well as the level of gross new client deposits. This trend has continued into the current quarter.
"Despite the drop in income and the uncertain trading market during the first quarter, we remain confident with the infusion of additional $1,000,000 of new equity capital into the group, the cost reductions we have implemented and new client gains in key markets," said Didier Essemini, Chairman of the Board and CEO of Finotec Group, Inc. "Finotec remains well positioned for profitable growth as we continue to focus on our various initiatives including raising additional capital as needed as well as improving the range of our markets, products and business partners."
Source: Finotec Group, Inc.
GRGR (.06) Green Energy Resources Updates Shareholders and Investors Mid-Year Report
Thursday, June 19 2008 10:09 AM, EST
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 06/19/08 -- Green Energy Resources (PINKSHEETS: GRGR) has worked hard to promote and pioneer a new path over the last 5 years in the renewable energy industry, including urban / suburban wood waste streams, Urban Tree Certification System, storm damage wood for energy, urban forest management and proper recycling for maximized resources utilization. True to its ideals and goals of preserving world forests, not cutting them, our sourcing has at last been recognized as a vital component in the industry. Specifically, Green Energy Resources methodology for carbon reduction has been verified in hard science beyond reproach. The company has enlisted a consultant to obtain registry for its credits on the primary climate and emissions exchanges in the United States . The credits will be offered in the open markets for auction this fall in September and/or December. The company still needs to obtain a 3rd party auditor for its emission reduction projects to be market ready. Green Energy Resources plans to offer between 5 million and 25 million tons of carbon credits, depending on project parameters for methane reduction. The current US market value of carbon is between $5-$10 per ton.
There are several accounting issues awaiting finalization which are part and parcel of the credits and registry process. Before Green Energy Resources releases its revised financial data upwards, it must be certain all approvals have been completed and verified. The process includes, not only market auditors, but accounting auditors. Changes will include a new baseline price for its inventory / assets of $40 per ton, up from $15 per ton in prior years. Carbon credit values will also be added to inventory stockpiles and contracts of sourced wood. Green Energy Resources has contracts for over 2 million tons of urban wood, including a new contract with the City of New York .
Green Energy Resources has received a contract of supply to a New York state power plant and announces shipment is underway. A second contract to supply a pellet Plant producer in Massachusetts will also get underway within the next two weeks. The longer-range plan will be to deliver woodchips via barge through Providence, Rhode Island to the plant. Green Energy Resources is making a substantial commitment to Tug and Barge transportation in the mid-Atlantic and inland waterways. The company will continue to develop strategic partnerships throughout the country with companies such as Wood To Fuel LLC of Buffalo New York .
Green Energy Resources, CEO Joseph Murray, thanks all the loyal shareholders who have had the foresight to stick with our ground-breaking concepts as we begin to turn our vision into reality.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995.
CONTACT:
Green Energy Resources
Joseph Murray
631-375-7921
Email Contact
www.greenenergyresources.com
or
Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l: 1-954-360-9998
Nat'l: 1-866-360-9998
Email Contact
www.wwfinancial.com
PTEI (.007) Petel Inc Wins New Client
Thursday, June 19 2008 10:00 AM, EST
Market Wire "US Press Releases "
LONDON -- (MARKET WIRE) -- 06/19/08 -- Petel Incorporated (PINKSHEETS: PTEI), the Broadband TV and Digital Media specialists, today announce the addition of Rok Mobile to the group's expanding client list.
The board is pleased to today announce the addition of Rok Mobile as a client of the group's digital media services. Rok Mobile commissioned Petel to produce and develop both a consumer and a business facing web portal as part of the about-to-launch Rok Mobile offering.
The initial client work represents approximately $29,000 in additional revenue for the group.
"We welcome a forward thinking company like Rok Mobile to the growing roster of group clients," comments COO Phil Evans. "This is an exciting time to be involved with Rok Mobile as they launch their innovative wireless products into the global telecommunications market. Our design and development teams have worked hard to meet this month's deadline for the 22nd of June launch of the www.rokmob.com consumer portal which allows sign up and purchase of the full range of Rok Mobile products."
Further client additions are currently in negotiation and announcements are expected in due course.
Petel Incorporated has Current Information status on Pink Sheets and Company Reports since OTC debut can be viewed here:
http://www.petel.co.uk/site/index.php?option=com_content&task=view&id=40&Itemid=52
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward looking statements.
For more information please email
enquiries@petel.co.uk
Call +44 (0)20 3239 9140
TGIC all out @ 1.06. Decent bounce there