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First Gold Exploration Inc. Acquires Package of Seven Rare Metal Projects in Southern British Columbia
Dec. 15, 2010 (Marketwire) --
LAVAL, QUEBEC -- (Marketwire) -- 12/15/10 -- First Gold Exploration Inc. (TSX VENTURE: EFG)(FRANKFURT: F12)(OTCQX: FGEXF) is pleased to announce that the Company has signed an agreement with Zimtu Capital Corp., Cathro Resources Corp. and Cazador Resources Ltd. (collectively the "Vendors") to acquire a 100% interest in seven rare earth element ("REE") and niobium properties in southeastern British Columbia.
The seven properties: the Kin, Trident, IRC, Munroe, Hiren, Claire, and Lindmark were acquired by the Vendors in 2009 after a detailed review of government lake sediment geochemistry databases and an assessment of geological environments prospective for REEs and rare metals. Targets were then refined using geology, airborne magnetics, known mineral prospects, access, and land use considerations. The projects cover some of the highest and most significant regional government geochemical results for REEs.
In 2010, the Vendors retained TerraLogic Exploration Inc. to complete a first pass exploration assessment of the properties for their REE and niobium potential. Highlights from the 2010 prospecting, rock and silt sampling programs were as follows:
Trident
Prospecting verified the presence of widespread syenite intrusions over 10 km long by up to 1 km wide at Trident Mountain. Most importantly, a total of eight rock and boulder samples collected in 2010 returned greater than 0.10% Nb2O5 (niobium oxide) with one grab sample from outcrop returning 2.82% Nb2O5 and 500 g/t Ta2O5 (tantalum oxide). Four boulder samples also returned greater than 0.30% TREO (total rare earth oxides) with one mafic intrusive boulder sample returning 2.81% TREO.
Kin
Prospecting results to date at the Kin property are very encouraging with four syenite boulder samples over a 700 x 700 meter area returning up to 5.26% TREO(total rare earth oxides) and 2.7% Nb2O5. Silt samples from the property are also exceedingly anomalous. Out of 102 silt samples collected from all seven of the Vendor's rare metal projects in 2010, the single highest value of 2622 ppm TREE (total rare earth elements) was returned from this drainage. The sum of the boulder and silt anomalies indicates excellent prospective regions up-hill and up-ice within underexplored areas proximal to and/or on strike with- the Trident Property, located 10 kilometers to the northwest.
IRC
Nine rock samples were collected in 2010 with three of the samples returning greater than 0.20% TREO. The best sample, a zeolite altered syenite, returned 0.30% TREO (total rare earth oxide) and 0.52% Nb2O5. This sample was a more anomalous version typical of 0.3-2m wide syenite dykes that crisscross through the mafic alkaline host rocks in this and other parts of the Ice River Complex. This project is immediately adjacent to the Ice River REE-Nb-Base Metals Project operated by Eagle Plains Resources Ltd. (TSX.V: EPL).
All seven properties acquired were initially staked based on highly anomalous RGS stream-silt anomalies and prospective regional geology. Four of the properties, the Trident, Kin, IRC, and Hiren are part of, or proximal to, large alkaline intrusive complexes with established potential for REE and niobium mineralization.
In British Columbia, carbonatites, nepheline and sodalite syenites gneisses and related alkaline rocks are found in a broad zone which is parallel to, and on either side of the Rocky Mountain Trench (Pell, 1989). This belt has been labeled the "Rocky Mountain Rare Metal Belt." A map showing the locations of all seven of the projects will be posted on the company's website at: http://www.firstgoldexploration.com. Together the seven properties encompass 20,600 hectares.
First Gold has the option to earn a 100% interest in the seven properties by making the following cash and share payments to the Vendors: (i) $25,000 on signing; (ii) $100,000 and 2,000,000 common shares on TSX Venture Exchange ("TSX.V") acceptance; (iii) 1,000,000 common shares on the first anniversary; and (iv)1,000,000 common shares on the second anniversary. During the term of the agreement First Gold shall ensure that the claims are maintained in good standing. The Vendors will retain a 2% Net Smelter Royalty ("NSR") on the properties; 1% of which can be purchased by First Gold for C$1 million and the second 1% of which can be purchased by First Gold for C$5 million. The transaction is subject to acceptance by the TSX.V.
The technical information in this news release has been reviewed by Jarrod Brown, P.Geo of Terralogic Exploration Inc., consultant to First Gold and a qualified person as defined by National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
First Gold Exploration Inc.
Jean-Sebastien Lavallee, P.Geo.
Interim President and Chief Executive Officer
819-354-5146
president@firstgoldexploration.com
www.firstgoldexploration.com
Source: Marketwire (December 15, 2010 - 9:01 AM EST)
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Curlew Lake Resources Inc. Announces Preparations Are Underway to Drill Another Well in Fairydell
LANGLEY, BRITISH COLUMBIA, Dec. 15, 2010 (Marketwire) -- Curlew Lake Resources Inc. (the "Company") (TSX VENTURE:CWQ)(PINK SHEETS:CWLXF) announces preparations are underway to drill another well on Company lands in the Fairydell-Bon Accord area of Alberta. Company petroleum and natural gas leases in this area present multiple horizon opportunities for oil and/or gas development, following encountering gas in the Ellerslie and Upper Manville at Curlew-Lake FBA 2-16-57-24. Seismic and geological mapping has yielded one seismic shot point location in LSD 9 of Section 14 in Twp. 57, Rge 24 W4M and the site has been surveyed and is being licenses as a New Pool Wildcat oil and/or gas well. There are a number of operators with pipelines in the area and Fairydell Bon Accord infrastructure will keep production and delivery cost modest. The area has seen a number of impressive discoveries in the Ellerslie and/or Basel Quart formations to the south and east of the proposed well. It is expected that drilling will commence in early January, 2011.
Proposed 3-D geophysical surveys, together with sonic logs from the 2-16 exploration hole, may greatly enhance the value of Curlew lake's significant land package in this area. Confirmation of the Leduc reef at 2-16 provides our exploration team with the data to move updip in the geological column in pursuit of Leduc and Nisku oil and other potentially productive formations.
Additional information on Fairydell and many other Company projects can be found on the corporate website.
On behalf of the Board of Directors
Robert B. Pincombe, President
Warning: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release a result of numerous factors, some of which are outside the control of the Company.
For additional information or to be added to the corporate mailing list please visit the following page http://www.curlew-lake.com/curlew/contactus.html.
The TSX has not reviewed and does not does accept responsibility for the adequacy or accuracy of this News Release.
Curlew Lake Resources Inc. Chief Financial Officer (647) 722-3454 (647) 722-4337 (FAX) david.mckee@curlew-lake.com www.curlew-lake.com
Source: Marketwire Canada (December 15, 2010 - 9:15 AM EST)
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Western Lithium to Purchase Royalties and Mineral Property Titles From Western Uranium
RENO, NEVADA, Dec. 15, 2010 (Marketwire) -- Western Lithium USA Corporation ("Western Lithium" or "WLC") (TSX VENTURE:WLC)(PINKSHEETS:WLCDF) and Western Uranium Corporation ("Western Uranium" or "WUC") (TSX VENTURE:WUC)(PINKSHEETS:WURNF) have reached an agreement in principle for the purchase, by WLC, of Western Energy Development Corporation ("WEDC"), a wholly-owned subsidiary of WUC that holds royalties and titles for substantially all of the Kings Valley mineral property holdings in Nevada. The parties have agreed that WLC will pay to WUC Cdn$6.85 million in WLC shares as consideration for the transfer of WEDC.
The transaction is designed to transfer all of the lithium properties out of WUC's portfolio, and represents the culmination of a spin-out process that started when WLC was initially formed as a subsidiary of WUC. WUC will now be able to focus more fully on growth through acquisitions and mergers, investments, and exploration globally and with more of a diversified commodities approach.
As a result of this transaction, the existing lease and royalty arrangements between the two companies on the King's Valley property, including a Net Smelter Return of 1.5% and Net Profits Royalty of 3.5% on any lithium project that WLC developed, are eliminated. WLC gains full control of the Kings Valley property claims, excluding the Albisu gold exploration target noted below and a proposed royalty to be granted to Cameco Global Exploration II Ltd. ("Cameco") solely in respect of uranium as described below, thereby improving the corporate structure for WLC to develop its Stage I lithium deposit. The agreement also eliminates the need for continuing future lease payments by WLC of US$4 million.
Details of the Transaction
-- WLC will purchase 100% of the issued and outstanding shares of WEDC,
thereby acquiring all of WUC's direct and indirect interest in the Kings
Valley mineral property, including mineral titles, leases, data and
royalties. The Albisu gold property, located at the northern end of the
Kings Valley property, and the Treeline Uranium exploration project,
located in New Mexico, both of which are currently held by WEDC, will be
transferred out of WEDC before completion of the transaction.
-- The purchase price will be Cdn$6.85 million, to be paid through the
issue by WLC of 5,855,000 WLC common shares at a deemed price of
Cdn$1.17.
-- WUC's Strategic Alliance with Cameco, related to the exploration and
development of uranium properties, will be concluded as a related part
of the transaction with WLC, for consideration of Cdn$2.5 million to be
paid by WUC to Cameco and the grant to Cameco of a 20% gross overriding
royalty over the Kings Valley mineral property solely in respect of
uranium.
-- As part of the transaction, WUC has agreed to dispose, in due course, of
its common shares in the capital of WLC following completion of the
transaction in one or more block trades or off-market transactions until
it is no longer an insider (ie. holds less than 10% of outstanding
shares), and until it completes such disposition to refrain from voting
against management nominees to the WLC board of directors and to vote in
favour of any arm's length third party change of control transaction
proposed by WLC's management.
The transaction is subject to negotiation and settlement of definitive agreements, the termination of the Strategic Alliance Agreement, completion of due diligence by WLC and all requisite third party approvals, including stock exchange and securities approvals.
Western Lithium is developing the Kings Valley, Nevada lithium deposit into potentially one of the world's largest(1) strategic, scalable and reliable sources of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles.
Western Uranium Corporation is a mineral exploration company with properties in Argentina, Nevada, and New Mexico and an earn-in agreement with Renaissance Gold Inc. (formerly AuEx Ventures, Inc.) for the Baza gold-copper project in Spain. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.
(1) Western Lithium has completed National Instrument 43-101 resource estimates on two portions of the property, one of which is envisioned for the initial stage of mine development. These resources cover part of the mineralization from a historical estimate of 11 million tonnes of lithium carbonate equivalent (LCE) prepared by Chevron Resources Corp. in the 1980s that encompasses all of the King's Valley lithium lens deposits identified to date, and ranks in size behind deposits in Bolivia (47 million tonnes LCE), Chile (37 million tonnes LCE), North Carolina (14 million tonnes LCE) and the DRC (12 million tonnes LCE). Source: R. Keith Evans, 2010; Roskill Information Services Ltd., 2009; and company disclosures. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources under National Instrument 43-101, the Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.
Forward Looking Statements
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act, including the completion of definitive agreements governing the transaction noted above and settling of all other outstanding conditions for completion of the transaction. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including obtaining regulatory approval, the relevant parties settling all terms and conditions for applicable definitive agreements and other risks and uncertainties, including those described in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. The companies do not have a policy of updating forward looking information, except to the extent required by applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Western Lithium USA Corporation Vice President, Investor Relations +1-604-331-9842 info@westernlithium.com www.westernlithium.com Western Uranium Corporation Chief Executive Officer +1-775-827-3311 info@westernuranium.com www.westernuraniumcorp.com
Source: Marketwire Canada (December 15, 2010 - 9:22 AM EST)
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Laser Energetics Announces Its Dazer Lasers(R) - Light Fighting Technologies Are Featured on CNN's "Edge of Discovery" Program
Dec. 15, 2010 (GlobeNewswire) --
MERCERVILLE, N.J., Dec. 15, 2010 (GLOBE NEWSWIRE) -- Laser Energetics, Inc. (Pink Sheets:LNGT) is pleased to announce that the Company's Dazer Laser® – Light Fighting Technologies will be featured this week on CNN's Edge of Discovery program. The CNN film crew came to the facility of Laser Energetics in November to do a feature about the company's "Ultimate Non-Lethal – Less Violent™" Weapons Serving Humanity.
Robert D. Battis, Founder and CEO of Laser Energetics, stated, "Our leading edge technology has been witnessed and validated by militaries and law enforcement agencies around the world. Situations our products can address, such as austerity riots in the streets of Athens, Greece, student riots in London last week, and riots in Rome yesterday, are featured on the news on a regular basis. It was only a matter of time before major news organizations like CNN would learn and begin media coverage regarding our world class Non Lethal – Less Violent™ products. We expect that such coverage will only continue to grow as our products are adopted for use by militaries, law enforcement, and security agencies around the world."
The CNN Edge of Discovery segment on Dazer Laser® begins airing today and runs through this Sunday, December 19th. See Schedule below. All times listed are in Eastern Standard Time (EST).
Wednesday – December 15, 2010, 6 – 7 AM
Wednesday – December 15, 2010, 1 – 2 PM
Saturday – December 18, 2010, 2 – 3 PM
Sunday – December 19, 2010, 6 – 7 PM
About Laser Energetics, Inc.: The Company has a primary focus on its Dazer Laser® – Light Fighting Technologies, the "Ultimate Non-Lethal – Less Violent®" Weapons Serving Humanity, its Alexandrite Laser technology and its applications associated with Remote Sensing, Pill Marking, and Photo Acoustic Imaging, as well as its Total Reflectance Transmitter (TRT) technology. Laser Energetics has and continues to develop a comprehensive and strategic laser product line that addresses laser applications in Industry, Science, Medicine, Homeland Security and the Military.
Safe Harbor: 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. The Company 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.
CONTACT: Laser Energetics, Inc.
Investor Relations
Dan Schall
(609) 610 - 4095
mail@laserenergetics.com
Source: Globe Newswire (December 15, 2010 - 9:30 AM EST)
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Global Ecology Corporation Announces New Water Treatment Venture in South Africa
New Subsidiary, GEC Africa to Market GEC's MobilePureWater System
Dec. 15, 2010 (Marketwire) --
MONTCLAIR, NJ -- (Marketwire) -- 12/15/10 -- Global Ecology Corporation (PINKSHEETS: GLEC) (OTCQB: GLEC) ("GEC") announced today that it has signed a joint venture agreement with Isongo Water (Pty.) Ltd. of Pietermaritzburg, South Africa to establish a subsidiary for the sale of the company's Mobile PureWater System ("MPWS") and its licensed mineral solution IMS 1000™.
GEC and Isongo will form a jointly owned subsidiary of GEC to be known as GEC Africa to pursue the sale of the water purification systems and the mineral solution throughout South Africa and neighboring countries. As part of the arrangement, Isongo will be granted an exclusive license for the sole benefit of GEC Africa for the sale and distribution of the MPWS units. The intention of the parties is for GEC Africa to have its own manufacturing facility for the water systems and IMS1000.
Global Ecology CEO Peter Ubaldi said, "This is a major opportunity to help the people of Africa with insufficient water resources gain access to fresh water on a daily basis. Our MPWS unit provides an efficient cost effective solution to bring fresh water to cities and villages through Africa, where access to enough potable water is a major health issue."
"In October we demonstrated our Mobile Water Purification System for representatives from the United Nations, state and local government officials and humanitarian organizations. They were able to see the ability of the cart to convert contaminated water to pure clean drinking water. The upgraded technology in our system not only allows for the immediate consumption of the water, but also treats the water with our licensed IMS 1000™ solution so that water can be safely transported and stored even in tropical conditions. This is an important feature for developing countries with limited water transportation and storage infrastructure."
Please visit the company's web site for more information and a video on the operation of the water cart: http://www.geco.us/mobile.html.
About Global Ecology Corporation
Through its extensive network, Global Ecology Corporation (GEC) has obtained licensing rights to several EPA-approved technologies in the water treatment and soil remediation fields. These proprietary technologies help reduce algae, bottom sludge and harmful bacteria and are able to provide green and if needed, transportable methods to recover the usability of water, soil and land. For more information, please visit www.geco.us
Investors may contact President & CEO Peter Ubaldi at 973-655-9001 or Frank Hawkins, Hawk Associates, at 305-451-1888 , e-mail: global.ecology@hawkassociates.com. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/about/alert.
This news release includes forward-looking statements regarding, among other things, the company's business and financial plans, strategies and prospects. Although the company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the company may publicly file from time to time.
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Peter Ubaldi
President & CEO
973-655-9001
Frank Hawkins
Hawk Associates
305-451-1888
global.ecology@hawkassociates.com
Source: Marketwire (December 15, 2010 - 10:29 AM EST)
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Polydex Pharmaceuticals Issues Third Quarter Financial Report
Expenses Reduced, Earnings Improving
Dec. 15, 2010 (GlobeNewswire) --
TORONTO, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Polydex Pharmaceuticals Limited (Pink Sheets:POLXF) reports financial results for its third fiscal quarter, the three-month period ended October 31, 2010.
POLYDEX PHARMACEUTICALS LIMITED AND SUBSIDIARIES
THIRD QUARTER RESULTS, FISCAL 2011
QUARTER ENDED: October 31, 2010
(Unaudited figures, stated in US dollars)
Quarter Ended 10/31/10 Quarter Ended 10/31/09
Sales $1,027,792 $1,153,776
Net Income (loss) (21,490) (216,442)
Earnings (loss) per common share (0.01) (0.07)
Weighted avg. common Shares outstanding (basic and diluted) 3,072,846 3,072,846
Management's diligent focus on methods to improve profitability has resulted in a continued trend of reduced expenses and with only a marginal decrease in sales, has successfully reduced the net loss for this reporting period.
Specific concentration on new and established customers in Europe is resulting in increased orders from this region, including newly defined interest from new potential customers of a competitor. Further, a new potential customer has indicated a need for a significant supply of raw dextran to meet their manufacturing requirements, and Management looks forward to the nurturing and development of these emerging relationships.
With this new interest in the company's powdered products, Management will soon be able to bring online the recently installed spray dryer when necessary testing and documentation has been completed, in realization of the long-term strategic planning objectives embarked upon with the refurbishment of the production facilities in recent years.
The Company shares continue to be quoted on the Pink Sheet platform (www.pinksheets.com), where the Company is currently identified as a Pink Quote OTCBB Transparent company, one that may be quoted both on the Pink Quote system and the Over The Counter Bulletin Board (OTCBB).
Polydex Pharmaceuticals Limited, based in Toronto, Ontario, Canada, is engaged in the development, manufacture and marketing of biotechnology-based products for the human pharmaceutical market, and also manufactures bulk pharmaceutical intermediates for the worldwide veterinary pharmaceutical industry. Company website: www.Polydex.com
The Polydex Pharmaceuticals Limited logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3414
Note: This press release may contain forward-looking statements, within the meaning of the United States Securities Act of 1933, as amended, and the United States Securities Exchange Act of 1934, as amended, regarding Polydex Pharmaceuticals Limited, including, without limitation, statements regarding expectations about future revenues or business opportunities or potential research projects. These statements are typically identified by use of words like "may", "could", "might", "expect", "anticipate", "believe", or similar words. Actual events or results may differ materially from the Company's expectations, which are subject to a number of known and unknown risks and uncertainties including but not limited to changing market conditions, future actions by the United States Food and Drug Administration or equivalent foreign regulatory authorities as results of pending or future clinical trials. Other risk factors discussed in the Company's filings with the United States Securities and Exchange Commission may also affect the actual results achieved by the Company.
CONTACT: North Arm Capital Services
Investor Relations:
Linda Hughes
1-877-945-1621
Linda@northarm.com
Source: Globe Newswire (December 15, 2010 - 10:40 AM EST)
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Great Western Minerals Group Delivers Offer to Purchase All Rareco Shares; Rareco Board Recommends Acceptance
Dec. 15, 2010 (Marketwire) --
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 12/15/10 -- Great Western Minerals Group Ltd. ("GWMG" or the "Company"), (TSX VENTURE: GWG) (OTCQX: GWMGF) announces that Rare Earth Extraction Co. Limited ("Rareco") has acknowledged receipt of GWMG's notice of intention to make an offer (the "Offer") to purchase all of the 37,764,700 issued ordinary shares in Rareco (the "Rareco Shares") that GWMG does not already own.
The board of directors of Rareco has recommended that Rareco shareholders accept the Offer.
Having considered the opinion of its independent external advisor, the terms of the Offer and all other relevant information, the Rareco board of directors has advised its shareholders that it has concluded that the terms and conditions of the Offer are fair and reasonable to the shareholders of Rareco.
GWMG's legal representative in South Africa, Edward Nathan Sonnenbergs ("ENS"), has confirmed to Rareco and to the Securities Regulation Panel in South Africa that it holds, on behalf of GWMG, sufficient funds to pay for all of the Rareco Shares tendered for sale.
Pursuant to the laws of South Africa, GWMG intends to deliver a formal offer document (the "Offer Circular") to the Rareco shareholders in the prescribed form by December 21, 2010. GWMG anticipates that the Offer will remain open from December 22, 2010 to February 28, 2011. Currently, GWMG has received all required South African regulatory approvals and the preliminary acceptance of the TSXV to make the Offer. The closing of the transactions contemplated by the Offer Circular will be subject to the terms and conditions set out in the Offer Circular.
GWMG purchased 10 million shares on September 7, 2010 and thereby became Rareco's largest single shareholder, holding 20.8% of all outstanding shares. Pursuant to the Offer Circular, GWMG intends to offer R3.00 (three Rand) per share in cash to purchase all of the remaining Rareco Shares.
Jim Engdahl, President and CEO
Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG has signed an Off-take Agreement for 100% of the Rare Earth Elements produced at the former producing Steenkampskraal mine in South Africa and holds 20.8% ownership in Rare Earth Extraction Co. Ltd., the owner of the Steenkampskraal mine. GWMG also holds interests in seven Rare Earth exploration and development properties in North America.
Inquiries by direct mail should be addressed to Great Western Minerals Group Ltd., 219 Robin Crescent, Saskatoon, SK S7L 6M8.
Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of GWMG as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Those factors include, but are not limited to satisfaction of the conditions precedent with respect to GWMG's offtake agreement, receipt of all required approvals (including those relating to the commencement of production at the Steenkampskraal mine) and risks, uncertainties and other factors that are beyond the control of GWMG, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although GWMG believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of GWMG contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the risk factors contained in GWMG's current annual information form available at www.sedar.com.
CUSIP: 39141Y 10 3
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Great Western Minerals Group Ltd.
Dwight Percy
Manager of Investor Relations
(306) 659-4500
info@gwmg.ca
www.gwmg.ca
Source: Marketwire (December 15, 2010 - 10:58 AM EST)
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EyeCity.com's CEO Addresses the Public With 4th Quarter Updates
Dec. 15, 2010 (GlobeNewswire) --
ORLANDO, Fla., Dec. 15, 2010 (GLOBE NEWSWIRE) -- EyeCity.com, Inc. announced today that the Corporation has been engaged with on-going negotiations with a private company whose name has not yet been released. Over the past several weeks, budgetary and share structure concerns have been addressed with the advice from corporate council, protecting the interest of EyeCity.com and the shareholders.
When asked about the direction of EyeCity.com, Mr. Wilson commented to the fact that the New Year will be a year of "Clear Direction." Mr. Wilson summarized this term by adding "I want our shareholders to know that ICTY will not alter the business model during the course of the New Year. Having a clear direction and sustained business, EyeCity.com will have a dynamic year."
Another goal in EyeCity.com's year end plan is to finalize Pink Sheets compliancy and to become Pink Sheets current information. Current financials are being reviewed along with other regulatory documentation that should make this short term goal a reality. All of the corporate filings will be handled by corporate council to ensure the highest level of trading capacity.
Mr. Bradley Wilson, CEO of EyeCity.com, stated, "During the course of the roller coaster trading, I've come to understand the frustration of many shareholders. I take full responsibility for the delays in forward progression as previously stated in past releases. But, these delays do come with merit. I have a fiduciary obligation to this organization and the shareholders alike. Under no circumstances will I jeopardize the integrity or the credibility of this company for the sole purpose of unwarranted dilution of the common stock."
Mr. Wilson further stated, "The new acquisition will allow EyeCity.com a shared revenue stream that will greatly increase our market cap while providing a foundation for future growth. As CEO, my perseverance will prevail until each and every person that believes in EyeCity.com feels confident in their positions."
Safe Harbor Statement -- This release includes 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. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. EyeCity.com does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
CONTACT: EyeCity.com, Inc.
Mr. Bradley Wilson, CEO
407.575.0026
Source: Globe Newswire (December 15, 2010 - 11:42 AM EST)
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New Generation Biofuels Announces Contract With Baltimore City to Test and Evaluate the Company's Renewable, Clean Biofuels Technology in Institutional Boilers
Previous Test Burns Demonstrated Significant Reduction of Harmful Emissions
Dec. 15, 2010 (Marketwire) --
COLUMBIA, MD -- (Marketwire) -- 12/15/10 -- New Generation Biofuels Holdings, Inc. (PINKSHEETS: NGBF) (OTCQB: NGBF), a leading developer of biofuels technology and products, announced today a contract with the City of Baltimore to conduct a Phase 2 evaluation program of the Company's proprietary biofuel for use in institutional boilers over a one year period. The maximum volume for the program is capped at 440,000 gallons.
"We are very pleased to be moving into Phase 2 of our program with the City of Baltimore to perform long-term tests and evaluations of our biofuel in several of Baltimore's institutional boilers," said Miles F. Mahoney, President and Chief Executive Officer. "The City of Baltimore is leading the nation in the development and implementation of 'green' initiatives, including the reduction of harmful greenhouse gases. We are excited and proud to be a partner with the City in that effort. The emission-reduction capabilities of our biofuel have already been demonstrated in Phase 1 of the program and we look forward to demonstrating our fuel's capabilities during this extended test burn."
The Phase 1 program demonstrated excellent operability and stability of New Generation Biofuels' second generation biofuel, in addition to showing both a reduction in nitrogen oxide (NOx) and sulfur oxide (SOx) when compared to both fossil diesel as well as biodiesel. Tests at Eastern Health Center's Columbia boiler with a Sun-Ray burner saw a reduction in NOx of over 40% and SOx reduction of over 90%. Tests at Pimlico Police Training Center's HB Smith cast iron boiler with a Power-Flame burner saw a NOx reduction of over 60%. The Phase 2 program will determine the long term operational impact of the renewable biofuel.
In a press release issued today by the Office of the Mayor of Baltimore City, Mayor Stephanie Rawlings-Blake noted that the Company's biofuel has already demonstrated "huge" reductions in pollutants during the Phase 1 testing and that continued success in this final stage of testing will mean a go-ahead for the City to begin the use of the cleaner burning vegetable-based biofuel technology in city buildings.
New Generation Biofuels' Product Information
New Generation Biofuels' biofuel is a precision blended product made from new or recycled plant oils or animal fats. The Company's biofuel is readily usable at 100% strength as a replacement for diesel, #2 heating oil, kerosene and other fuel oils. The Company's biofuel may also be blended with heating oil or used in co-firing applications with coal. Use of the Company's biofuel does not require material equipment modifications. Other benefits include significantly lower emissions than traditional fuels, reductions in overall greenhouse gas emissions and air pollution. NGBF's biofuel has been accepted by the EPA under RFS2 and meets many state biomass definitions. Additional information about New Generation Biofuels' biofuel products is available at http://newgenerationbiofuels.com/product.php.
About The City of Baltimore
The Baltimore City Department of Public Works Energy Office is implementing energy efficiency and renewable energy projects at City facilities to reduce energy costs and carbon emissions and to improve air quality. Already in place are energy efficiency measures for buildings, installation of LED lights, and utilization of methane gas from renewable sources. Future projects will include expansion of energy efficiency applications from buildings to water and waste water operations; reduction in use of fossil fuels; and increasing solar and other renewable energy applications. Through reduced purchases of electric power, steam, natural gas, chilled water and reduced maintenance costs the city realizes a savings of $5 million per year.
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a renewable fuels provider. The Company holds an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from plant oils and animal fats that it markets as a new class of biofuel for power generation, commercial and industrial heating and marine use. The Company believes that its proprietary biofuel can provide a lower cost, renewable alternative energy source with significantly lower emissions than traditional fuels. New Generation Biofuels' business model calls for establishing direct sales from manufacturing plants that it may purchase or build and sublicensing its technology to qualified licensees. Additional information about new Generation Biofuels is available at http://www.newgenerationbiofuels.com.
Forward-Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern the Company's operations, prospects, plans, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business, which include all the risks attendant an emerging growth company in the volatile energy industry, including those set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, and in subsequent filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why the actual results could differ from those projected in the forward-looking statements.
Media Contact:
Bryan McPhee
ph: (410) 652-1159
Email Contact
IR Contact:
Matthew Haines
ph: (212) 710-9686
Email Contact
Source: Marketwire (December 15, 2010 - 1:39 PM EST)
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JBI, Inc. Plastic2Oil Process Commences Commercial Operation
Dec. 15, 2010 (GlobeNewswire) --
THOROLD, Ontario, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Today, JBI, Inc. (JBI) (OTCQX:JBII) announces that it has entered into a formal Consent Order with the New York State Department of Environmental Conservation (DEC) Region 9, which will allow the Company to immediately run its Plastic2Oil process commercially and begin construction of an additional processor at its Niagara Falls, New York P2O facility.
Following receipt of the formal emission stack test report in early October 2010, JBI began working with the DEC to complete and submit an application for an Air State Facility permit, which was finalized and submitted in November 2010. On December 2, 2010, JBI was provided with a working copy Draft Air Permit. In addition to the air permit requirement, the Albany division of the DEC advised JBI that they would be required to submit a more specific Beneficial Use Determination (BUD), which JBI successfully completed and submitted to the DEC on October 22, 2010. In a letter mailed on December 1, 2010, JBI was advised by the DEC that a solid waste permit would be required.
The Consent Order was offered by the DEC during a meeting on Friday December 3, 2010, where representatives from the DEC, JBI and State Senator George Maziarz convened to discuss permitting of the Plastic2Oil process. It was relayed to JBI by DEC Albany that a solid waste permit was required and would allow JBI's business to expand to include feedstock not covered within the limited scope of a BUD. A Consent Order was executed yesterday. The Consent Order allows JBI to commercially operate the Plastic2Oil factory in Niagara Falls. This Consent Order bridges the time between now and when JBI acquires an Air State Facility permit and a Part 360 Solid Waste permit.
"I am very pleased to have had the opportunity to assist JBI with the permitting process with DEC," said Senator George D. Maziarz (R,C – Newfane). "This is a company that is implementing green strategies and innovative recycling methods. Embracing environmentally and ecologically friendly technology such as this will reap long-term rewards."
JBI is grateful for the assistance of staff at NYSDEC Region 9 office, Senator Maziarz and Thompson, and the City of Niagara Falls who have been very supportive of the Company's Plastic2Oil initiative.
About JBI, Inc.
JBI, Inc. is an alternative Oil and Gas company. JBI developed a process that converts waste plastic into fuel (Plastic2Oil). JBI scaled a 1kg process to a 20MT commercial processor in less than 1 year. For more information please review www.plastic2oil.com
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. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, 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. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably.For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on July 9, 2010, with the Securities and Exchange Commission, and its other SEC filings. 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: JBI, Inc.
Investor Relations
John Zervas
(877) 307-7067
jpz@jbi-ir.com
Source: Globe Newswire (December 15, 2010 - 1:41 PM EST)
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Hiru Corp (HIRU) to Participate In China Government R&D Veterinary Surveillance
NANCHANG, CHINA, Dec. 15, 2010 (Marketwire) -- Company representatives from Hiru Corporation's (PINK SHEETS:HIRU) (www.hirucorporation.com) subsidiary Shuangshi AHP Co. are engaged in discussions with China based provincially-ranked directors of veterinary surveillance in Nanchang.
This venue includes directors from local governments who represent a driving force regarding the local veterinary policy. Shuangshi AHP is a subsidiary of HIRU. Representatives used this opportunity to invite several government representatives to visit Shuangshi AHP's facilities. The reason for this invitation is three fold. One to learn about the issues and gain insights into developments regarding the veterinary policy within the local governments.
Secondly, HIRU management also expects that this invitation and the subsequent R&D will gain stronger exposure for Shuangshi AHP and its manufacturing and research expertise with the local governments for the future cooperation. In China government represents the driving force behind mandatory vaccinations in the veterinary field.
Thirdly, Shuangshi AHP plans to continue to participate in additional such venues and increase the awareness of the company with the governments and farmers.
Lastly, HIRU's recent tour of Ganzhou, Yichun and Jian to evaluate agricultural developments and conduct market surveys to determine which of Shuangshi's cutting edge animal feed additives and vaccines are most needed in these markets.
Between the samples left with several major companies in these regions, plus the new contacts made at the company's recent large-scale product promotion fair, management views this as a substantial event, and sees the momentum building in HIRU as ground breaking game changer which could make 2011 a blockbuster year for HIRU and its exciting subsidiaries.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Hiru Corporation that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Hiru Corporation cautions you that any forward-looking information provided by or on behalf Hiru Corporation is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Hiru Corporation's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Hiru Corporation's control. In addition to those discussed in Hiru Corporation's press releases, public filings, and statements by Hiru Corporation's management, including, but not limited to, Hiru Corporation's estimate of the sufficiency of its existing capital resources, Hiru Corporation's ability to raise additional capital to fund future operations, Hiru Corporation's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Hiru Corporation's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Hiru Corporation does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Hiru Corporation Investor Relations www.minamargroup.net/helpdesk Investor Relations Department Inquiry For (M&A) and Corporate Matters
Source: Marketwire Canada (December 15, 2010 - 3:47 PM EST)
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Dacha Reports Net Asset Value at $0.46 Per Share
Dec. 15, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 12/15/10 -- Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE: DSM)(OTCQX: DCHAF) reports its estimated net asset value at November 30, 2010 was CDN$0.46 per share based on 73.1 million shares outstanding. NAV is calculated on the Market Value of our physical inventory plus other historical assets and working capital. As at November 30, 2010, Dacha's physical inventory portfolio consisted as follows:
Metal inventory
----------------------------
Quantity Cost Market Value
(Kgs) ($millions) ($millions)
------------------------------------------------
Held outside China
Dysprosium Oxide 15,000 $4.6 $4.5
Dysprosium Fe 12,000 3.5 3.6
Gadolinium 10,000 0.7 0.7
Lutetium Oxide 3,000 0.9 1.2
Neodymium 10,000 1.0 0.9
Terbium Oxide 13,000 6.6 8.3
Yttrium Oxide 19,950 1.1 1.8
Held within China
Europium Oxide 6,000 2.2 2.7
Yttrium Oxide 120,000 0.9 0.9
------------------------------------------------
208,950 $21.5 $24.6
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to ability to attract financing, proposed investment strategy of the Company, general investment trends, and receipt of all regulatory approvals. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointment are based on previous professional accomplishments and competencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachacapital.com
Dacha Strategic Metals Inc.
Stan Bharti
Executive Chairman
(416) 861-5903
www.dachacapital.com
Source: Marketwire (December 15, 2010 - 4:00 PM EST)
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Horizon Health International Corp. Announces a Two-Hundred-For-One Stock Split
MONTREAL, QUEBEC, Dec. 15, 2010 (Marketwire) -- HORIZON HEALTH INTERNATIONAL CORP. (PINK SHEETS:HZHI) (the Company) announced today that the Company's stockholders have approved a Two Hundred-for-One reverse stock split (Reverse Split) effective on the opening of trading December 16, 2010 under the symbol 'HZHID'.
The Company was notified by FINRA that effective October 16, 2010 a "D" will be placed on the ticker symbol "HZHID" for 20 business days, thereafter the symbol will revert back to the original symbol "HZHI".
The new Cusip Number for the common stock will be '44041J206'.
As a result of the Reverse Split every two hundred shares of the Company that a stockholder owned were converted into one share of the Company as of the opening of trading on January 16, 2010, the effective date of the Reverse Split. Fractional Shares created as a result of the Reverse Split will be rounded up to the nearest whole share.
Mr. Rocco Di Fruscia, the Company's CEO, stated, "We had no other alternative than to restructure the Company's outstanding stock to attract investors, potential investment opportunities and for the successful future development of the company."
About Horizon Health International Corp.
HORIZON's subsidiary 'New Release Lactoferrin Pharma Canada Inc.' is an emerging specialty pharmaceutical company that is committed to supply its patented delivery systems of enteric lactoferrin, and "PEG-lactoferrin". We have already introduced enteric lactoferrin products in the market as a supplemental food and have also undertaken projects to further study these products and increase their pharmaceutical applications. Since 2008, the company's proprietary enteric lactoferrin has already earned top market share amongst all lactoferrin-containing products.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports.
Horizon Health International Corp. President & CEO 514 586 3799 horizonhealth@shaw.ca www.horizonhealthinternational.com
Source: Marketwire Canada (December 15, 2010 - 4:12 PM EST)
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AEHI Confirms Temporary Suspension of Trading
Dec. 15, 2010 (GlobeNewswire) --
BOISE, Idaho, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) today announced that the U.S. Securities and Exchange Commission ("SEC"), on December 14, 2010, issued an order to temporarily suspend trading of the company's common stock because of questions that have been raised about the accuracy of certain publicly disseminated information regarding the company. The suspension was effective at 9:30 a.m. EST on December 14, 2010, and terminates at 11:59 p.m. EST on December 28, 2010.
"The SEC has notified AEHI that the inquiry should not be construed as an indication by the SEC that any violations of law have occurred. We plan to fully cooperate with the SEC and to address the concerns that they have raised," said Don Gillispie, AEHI CEO.
The SEC has not notified AEHI whether the temporary suspension was prompted by the submission of any specific complaints. However, local anti-nuclear groups and certain vocal opponents of AEHI have taken responsibility for this action in press releases, online forums and financial blogs.
AEHI will now work closely with the SEC to resolve any questions the agency may have in an effort to remove the temporary suspension as soon as possible.
About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) -- Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com), Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.
The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058
Safe Harbor Statement: This press 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. The words "believe," "expect," "anticipate," "project," "target," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the "Risk Factors" section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.
CONTACT: Wolfe Axelrod Weinberger Associates, LLC.
Investor Relations Firm:
Stephen D. Axelrod, CFA
212-370-4500
steve@wolfeaxelrod.com
317 Madison Avenue, Suite 515
New York, NY 10017
Alternate Energy Holdings, Inc.
Media:
Dan Hamilton, Director of Corporate Communications
(208) 939-9311
dan@aehipower.com
Source: Globe Newswire (December 15, 2010 - 6:27 PM EST)
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MacroSolve's ClubInsight Mobile App Serves Faith-Based Market, Contracts With First Christian Church of Tulsa
Congregation Can Use Smartphones to Access Information on Church Events and Worship Opportunities
Dec. 16, 2010 (Marketwire) --
TULSA, OK -- (Marketwire) -- 12/16/10 -- MacroSolve, Inc. (OTCBB: MCVE) (OTCQB: MCVE), a leading provider of mobile technologies, applications (apps) and solutions, today announced a contract with Tulsa, Oklahoma-based First Christian Church for the customization and use of MacroSolve's ClubInsight™ mobile app. This contract marks the first sale of ClubInsight to a faith-based organization. First Christian Church will use the branded app for the church's various ministries and its youth and children's programs including its child development center.
First Christian Church, Tulsa (FCC) founded over 100 years ago, is bringing the benefits of mobility to its congregation of 950 people through a FCC-branded mobile app. The app will be used to enhance direct communications with church members, foster greater connection between and among the church and its members and raise awareness of news and events in real-time. In addition, the app will facilitate an opportunity to reach out to the greater community, keeping them informed of programs within the church.
ClubInsight is an industry-specific, mobile business app powered by ReForm XT™, MacroSolve's patented web-based mobile app development technology that provides non-technical users the ability to build custom and cost-efficient mobile applications.
"ClubInsight is one of our popular, custom-branded mobile apps traditionally used by golf and country clubs, health clubs and sports associations," said MacroSolve president and CEO Clint Parr. "Faith-based organizations, who equally recognize the value of communicating with its membership base, are increasingly inquiring about this application. We are pleased that our technology is proving beneficial in the advancement of the goals of faith and community-based organizations and we think FCC will be the first of many of these organizations to embrace the benefits of ClubInsight."
ClubInsight, Powered by ReForm XT, is a mobile business app for membership retention, promotions and marketing. It enables members to download a free, church-branded mobile app to their iPhone or Windows Mobile smartphone to keep them involved, informed and satisfied.
"Most members of our congregation have smart phones linking them to family, business and social networks. Extending that link to include their faith network is a natural extension," said Associate Pastor at First Christian Church Jeremy Skaggs. "As a long-established and large church with a rich history, we now look forward to a future that allows us to stay in close touch with our congregation through the use of mobile technologies. ClubInsight will help us cultivate a deeper connection with our faith-based community while simultaneously streamlining our operations."
MacroSolve's ReForm XT and its portfolio of apps are based on the company's patented technology, U.S. Patent Number 7,822,816. For information regarding ClubInsight please visit http://www.goanyware.com/products/clubinsight/.
About MacroSolve
MacroSolve, Inc. is a pioneer in delivering mobile apps, technologies, and solutions to businesses and government. Founded in 1997, the company has an extensive network including the top name brands in wireless hardware and software as well as wireless carriers. Leveraging its intellectual property portfolio, MacroSolve is positioned to become a leader in the mobile app space, projected to become a $17.5 billion market by 2012. The company operates through its subsidiaries including Anyware Mobile Solutions (http://www.goanyware.com) and Illume Mobile (http://www.illumemobile.com). For more information, visit MacroSolve (http://www.macrosolve.com) or call 800-401-8740 .
Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
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Investor Contact:
Dilek Mir
(310) 591-5619
Email Contact
Company Contact:
April Sailsbury
(918) 388-3529
Email Contact
Source: Marketwire (December 16, 2010 - 6:00 AM EST)
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Cryo-Cell International Responds to Announcement of Intent to Acquire One of the Company's Global License Affiliates
Company's Global Network of Twenty-Six Licensed Markets is Solid and Strong, Demonstrating Unprecedented Expansion
Dec. 13, 2010 (GlobeNewswire) --
OLDSMAR, Fla., Dec. 13, 2010 (GLOBE NEWSWIRE) -- Cryo-Cell International, Inc. (OTCBB:CCEL) (the "Company"), one of the world's largest and most established family cord blood banks and global stem cell innovators, today responded to a recent announcement of intent by a prospective acquirer to purchase one of the Company's global license affiliates (the "Licensee"), an independent company, for a purported maximum purchase price of $17.84 million. Details of the proposed acquisition were outlined in a binding letter of intent submitted by the proposed acquirer, a relative newcomer to the private family cord bank industry, with its Form 8-K filing to the Securities and Exchange Commission (SEC) on December 8, 2010.
Under terms of Cryo-Cell's binding license agreement, the Company believes that the proposed acquisition would give Cryo-Cell the right to terminate its exclusive license which, in turn, would prohibit continued operations by the licensee under the Cryo-Cell trademarks. The licensee's market leadership, built exclusively on the Cryo-Cell brand, has emerged over time since the agreement was first formalized in June, 2001. The Company intends to attempt to maintain its exclusive U-Cord license with the licensee.
"Cryo-Cell's global network is solid and strong; demonstrating unprecedented expansion," stated Mercedes A. Walton, Chairman & CEO. "In fiscal year 2010 alone, the Company increased our global footprint by ten new markets for a corporate global network of twenty-six licensed markets. Cryo-Cell expects that global operations will continue to contribute positively to the Company's performance in fiscal year 2011."
Cryo-Cell reported net income of $3.0 million year to date through third quarter of fiscal 2010, or $0.26 per basic common share and profitability in seven of the last eight quarters. As of August 31, 2010, the Company had $9.0 million in cash, cash equivalents, marketable securities and other investments. The Company had no long-term debt at the end of the quarter. On December 10, 2010, Cryo-Cell shares closed at $2.40 per share.
About Cryo-Cell International, Inc.
Based in Oldsmar, Florida, with nearly 215,000 clients worldwide, Cryo-Cell is one of the largest and most established family cord blood banks. ISO 9001:2008 certified and accredited by the AABB, Cryo-Cell operates in a state-of-the-art Good Manufacturing Practice and Good Tissue Practice (cGMP/cGTP)-compliant facility. In November 2007, the Company launched e (pronounced "C-L"), the world's first-ever commercial service allowing women to cryopreserve their own menstrual stem cells. Cryo-Cell is a publicly traded company. OTCBB:CCEL. Expectant parents or healthcare professionals may call 1-800-STOR-CELL ( 1-800-786-7235 ) or visit www.cryo-cell.com.
About Célle
The CelleSM service was introduced in November 2007 as the first and only service that empowers women to collect and cryopreserve menstrual flow containing undifferentiated adult stem cells for future utilization by the donor or possibly their first-degree relatives in a manner similar to umbilical cord blood stem cells. For more information, visit www.celle.com.
Forward-Looking Statement
Statements wherein the terms "believes", "intends", "projects", "anticipates", "expects", and similar expressions as used are intended to reflect "forward-looking statements" of the Company. The information contained herein is subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements or paragraphs, many of which are outside the control of the Company. These uncertainties and other factors include the ability of the Company to enforce certain rights it believes it has in it's current license agreements, the future success of the Company's global expansion and licensing initiatives and agreements and those risks and uncertainties contained in risk factors described in documents the Company files from time to time with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K filed by the Company. The Company disclaims any obligations to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements.
CONTACT: Stern Investor Relations
Investors
Julia Avery
212-362-1200
julia@sternir.com
Cryo-Cell International, Inc.
Media Inquiries
Irene Smith
813-749-2102
ismith@cryo-cell.com
Source: Globe Newswire (December 13, 2010 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
AMP Holding/AMP Electric Vehicles Names Former Head of Cadillac, James Taylor as CEO; Joseph Paresi as Chairman of the Board
-- Adding to its strong veteran automotive team, AMP appoints new top management --
Dec. 13, 2010 (PR Newswire) --
CINCINNATI, Dec. 13, 2010 /PRNewswire-FirstCall/ -- AMP Holding Inc. (OTC Bulletin Board: AMPD), a company engaged in the emission-free electrification of OEM vehicles through its wholly owned subsidiary, AMP Electric Vehicles, Inc., announced today the appointment of James E. Taylor as its new Vice Chairman and Chief Executive Officer (CEO). Mr. Taylor, who was previously an advisor and Board member for AMP, brings extensive experience in the automotive industry, with former positions at General Motors as the head of the Cadillac and Hummer Divisions.
"AMP is well positioned to take advantage of the rapidly expanding electric vehicle industry," said Mr. Taylor. "I believe AMP's integrated technology to generate electric propulsion is among the best solutions I have seen. The opportunity to participate in the expected growth of AMP from the technology company we are today, to a fully operating Global Automotive Business, is very exciting," Taylor continued. "With current and future worldwide opportunities knocking on the door, AMP's line of fully electric SUVs and sports cars meets the demands and requirements of individuals as well as fleet customers."
In addition, AMP Holding has appointed Joseph S. Paresi as Chairman of the Board. With over thirty years in senior executive positions, Mr. Paresi has a history of many successes with high technology companies. Mr. Paresi is presently the Executive Vice President and co-founder of L-1 Identity Solutions and previously was Corporate Vice President of L-3 Communications Corporation, where he was part of the founding team as well as President of the Security and Detection Division. Prior to L-3, Mr. Paresi was the Director of Technology for Lockheed Martin and Loral Corporations.
"I am very pleased to join the board of AMP, as the company is delivering well designed electric vehicles that perform almost identically to their engine counterparts but with a quieter ride, better acceleration, all at a fraction of the cost of gasoline and with a zero carbon footprint," said Mr. Paresi. "Having James Taylor take the lead as the new CEO with his extensive automotive experience will help AMP make a long term impact on the automobile industry and I believe catapult AMP to the next level."
AMP Founder and current CEO, Steve Burns, will become President and focus his attention on bringing AMP technology into larger scale production, fulfilling current and anticipated orders.
With new offerings from large manufacturers such as the Chevrolet Volt and Nissan Leaf, electric vehicles have moved to the forefront of the automotive industry. AMP's addition of these Senior Executives is evidence that AMP is serious about growth, putting in place the necessary steps to fulfill vehicle orders.
AMP's management announcements come on the heels of the recent news of Northern Lights Energy of Iceland's commitment to purchase 1,000 electric AMP SUVs, and the electrification of fleet vehicles by AMP for DTE Energy. AMP is also in the process of electrifying several brands of SUVs provided by large auto manufacturers and fleet owners.
About AMP Holding Inc.
AMP was founded in 2007 by automotive industry veterans who have created several hi-tech companies. Currently, the AMP team is comprised of top engineers and business executives, as well as two key pioneers of GM's EV1 project. AMP's first all electric demonstration models were the Chevrolet Equinox, the Saturn Sky, and Pontiac Solstice. Since its inception, AMP's unique electrification technology has proven to be an idea that has generated an extreme amount of interest, with inquiries coming from around the world. AMP's intent is to electrify a wide range of OEM vehicles and SUVs, and expects to announce new model additions in 2010. The Company expects its vehicle electrification technology will provide new solutions to America's energy demands.
To learn more, visit the AMP website at www.ampelectricvehicles.com.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
SOURCE:
AMP Holding Inc.
INFORMATION:
Investors:
info@csirgroup.com
Media:
mike@thecreativestorm.com
(513) 266-3590
SOURCE AMP Holding Inc.
Source: PR Newswire (December 13, 2010 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
ChromaDex Corporation Information to be Available Through Standard & Poor's Market Access Program
Dec. 13, 2010 (PR Newswire) --
IRVINE, Calif., Dec. 13, 2010 /PRNewswire/ -- ChromaDex Corporation (OTC Bulletin Board: CDXC) announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's MarketScope Advisor.
The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's MarketScope Advisor is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at www.marketscope.com.
In addition, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of ChromaDex Corp. will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 states under their Blue Sky Laws.
About ChromaDex
ChromaDex is a leader in the development of phytochemical and botanical reference standards and the creation of associated intellectual property. ChromaDex is committed to sustainable "green chemistry" and provides the dietary supplement, food, beverage, nutraceutical and cosmetic industries with the novel ingredients, analytical tools and services to meet product regulatory, quality, efficacy and safety standards. The company has worldwide exclusive patent rights related to pterostilbene. For more information, visit http://www.chromadex.com/ or follow ChromaDex on Twitter @ChromaDex.
Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
CHROMADEX CONTACTS
Investor Inquiries
Liviakis Financial Communications, Inc.
John M. Liviakis, President
415-389-4670
John@Liviakis.com
ChromaDex Contact
Jenny Robles
Administrative Assistant to the CEO
10005 Muirlands Blvd, Suite G, Irvine, CA 92618
949-419-0288
jennyr@chromadex.com
Media Contact
Megan Lavine
Canale Communications
4010 Goldfinch St., San Diego, CA, 92103
619-849-5388
megan@canalecomm.com
Standard and Poor's Customer Contact:
Richard Albanese
212 438-3647
richard_albanese@standardandpoors.com
Standard and Poor's Media Relations Contact:
Michael Privitera
212 438-6679
michael_privitera@standardandpoors.com
SOURCE ChromaDex Corporation
Source: PR Newswire (December 13, 2010 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
China Sun Group Provides Updates to the 470 Tons Lithium Iron Phosphate (LIP) Contract Signed in November and Secures Additional Raw Material Supply
Dec. 13, 2010 (PR Newswire) --
DALIAN, China, Dec. 13, 2010 /PRNewswire-Asia-FirstCall/ -- China Sun Group High-Tech Co. (OTC Bulletin Board: CSGH) ("China Sun Group" or the "Company"), a vertically integrated supplier of raw materials for rechargeable lithium–ion (Li-ion) batteries in China, today provides updated information regarding the contract with Henan Huanyu Sai Er New Energy Technology Co., Ltd. ("Sai Er New Energy"), a subsidiary of Henan Huanyu Power Source Co., Ltd.("Huanyu"), for 470 tons of lithium iron phosphate (LIP) signed in November (the "Contract"), and secures additional raw material supply.
The Contract provides for monthly tonnage delivery to Sai Er New Energy, amounting to a total of 470 tons of lithium iron phosphate in calendar year 2011. In addition to 60 tons of LIP materials sold to Huanyu, China Sun already has 530 tons of LIP orders, expected to be delivered before the end of December 2011. According to the recent China domestic average sales price of LIP of US$ 24,000 per ton, this 530 tons of LIP sales is valued at approximately US$ 12.7 million. The actual sales revenue will depend on the final outcome of the negotiations.
In order to establish the work plan for 2011 and accelerate the expansion of strategic objectives, China Sun Group recently hosted the Dalian Xinyang High-Tech 2011 Annual Conference for its employees, including two seminars: technology research and development and the acceleration of the process of strategic expansion, one month ahead of schedule. This conference greatly increased motivation of the management teams and employees.
During the annual conference, the Company's management also developed a solution to maintain stable supply and high quality of input material for the manufacture of LIP products due to increased LIP demand that has resulted in recent sales contracts exceeding previous expectations. After a careful review of potential LIP raw material suppliers, China Sun signed with two suppliers, Guangxi BMB Science and Technology Co., Ltd. ("BMB") and Hubei Haoyuan Material Technology Company. ("Haoyuan material").
Under the agreement, BMB and Haoyuan material will supply a total of 350 tons and 240 tons of iron phosphate materials respectively to China Sun Group during the calendar year 2011, which accounts for approximately 84% of China Sun's total planned purchasing volume during the year.
"We are honored to be in a strategic alliance with Sai Er New Energy and Huanyu and to work closely with our partner in terms of the production process for lithium ion battery development. We are confident that we can efficiently expand our production capacity in the near future to meet the requirements of Sai Er New Energy and Huanyu's projects. We are also pleased to have signed two new high-quality suppliers, which will further enable us to secure access to sufficient raw material," commented Mr. Guosheng Fu, CEO of China Sun Group. "As the Chinese government continues to support the development of energy-saving cars and other sustainable products and technologies, we remain positive that we will be successful in positioning China Sun Group and continue growing. Our goal is to establish a complete supply chain for materials, components and the finished lithium ion phosphate product, which is the LIP battery."
About Guangxi BMB Science and Technology Development Co., Ltd.
Guangxi BMB Science and Technology Development Co., Ltd. ("BMB") is a China-US joint venture high-tech enterprise founded in September 2006 with registered capital of RMB 60 million. The company's business focus is research, production and sales of battery level iron phosphate (for high safety lithium-ion battery anode materials used in the production of lithium iron phosphate) and ceramic grade iron phosphate (used in the ceramic industry). At present, BMB has completed its first phase of production with annual output of 2,000 tons anode iron phosphate. In the next one and a half years, BMB plan to achieve 10,000 tons production capacity, which will enable it to become one of the world's largest professional production bases of iron phosphate.
About Huanyu Power Source Co., Ltd.
Huanyu Power Source Co., Ltd. began its main business of R&D, manufacture and distribution of replacement batteries in 1982. Huanyu has established a hi-tech industrial park engaged in the production of Nickel Cadmium, Nickel Hydrogen, Lithium ion and Lead Acid batteries, in more than 100 models with a daily capacity in excess of 2 million secondary batteries. Huanyu currently has more than 10,000 employees with 400 dedicated to research.
About China Sun Group High-Tech Co.
China Sun Group High-Tech Co. ("China Sun Group") produces anode materials used in lithium ion batteries. Through its wholly-owned operating subsidiary, Dalian Xinyang High-Tech Development Co. Ltd ("DLX"), the Company primarily produces cobaltosic oxide and lithium cobalt oxide. According to the China Battery Industry Association, DLX has the second largest cobalt series production capacity in the People's Republic of China. Through its research and development division, DLX owns a proprietary series of nanometer technologies that supply state-of-the-art components for advanced lithium ion batteries. Leveraging its state-of-the-art technology, high-quality product line and scalable production capacity, the Company has recently diversified into the manufacture of LIP and plans to forward integrate to manufacture of power Li-ion batteries. For more information, visit http://www.china-sun.cn.
Safe Harbor Statement
The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the Company's ability to become a leading anode material supplier for Li-ion batteries used in the new energy automobile industry are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.
For more information, please contact:
Company Contact:
Investor Relations Contact:
Mr. Guosheng Fu, CEO
Mr. Mark Collinson, Partner
China Sun Group High-Tech Co.
CCG Investor Relations
Tel: 86-411-8288-9800 (China)
Tel: +1-310-954-1343
Email: ir@china-sun.cn
Email: mark.collinson@ccgir.com
Website: www.china-sun.cn
Website: www.ccgirasia.com
SOURCE China Sun Group High-Tech Co., Ltd.
Source: PR Newswire (December 13, 2010 - 8:00 AM EST)
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EGPI Firecreek, Inc. Subsidiary Terra Telecom Expands Voice Over IP Network at a Secured Federal Government Facility
Dec. 13, 2010 (Business Wire) -- EGPI Firecreek, Inc.(OTCBB: EFIR) is pleased to announce that its wholly owned subsidiary, Terra Telecom, Inc. (“Terra”) was selected to expand a long standing Federal Government client’s VoIP network. With a sign-off in late 2009, the project was RECENTLY completed in 2010, adding a new building to the VoIP voice platform and expanding over two-hundred handsets, ultimately bringing the phone count up to over a thousand.
With the implementation a success, Terra Telecom is working with the facility to add ISDN BRI capabilities to the voice network for video purposes, upgrading to the most recent software revision, and expanding further to another building, as well as helping to research SIP functionality in a government environment. The high level of engineering necessary for these projects requires technical resources like Terra Telecom’s engineers, who not only own the highest level of certification, but also have a strong familiarity with government applications.
Wade Clark, CEO of Terra Telecom stated, “Terra Telecom was built for this sort of application. Our resources match up well with the challenges that a high security government facility faces every day. Not only that, the lessons that we learn from these demanding federal government projects transfer well into the enterprise and medium sized business sectors, keeping us on the cutting edge of what technology can do for our customers.”
He also stated, “Terra Telecom is a great fit for government locations not only because of the capabilities VoIP PBX phone system, but also because of the world-class engineers at Terra with vast technical experience and skills in implementing voice solutions, IP, digital and analog. Working with the site’s telecom staff, Terra designed a solution that satisfied the challenging applications and security needs of the facility. With the support of Terra’s highest caliber engineers, the on-site telecom staff was able to implement the expansion smoothly.”
About Terra Telecom
Terra is an industry leader in value creation for each of their clients and stakeholders. Terra’s enterprise business has experienced exponential sales volume and revenue growth since January 2005 with year-to-year revenue growth averaging 46.6% over 2005, 2006 and 2007. The revenue growth fueled by increases in the volume and scope of jobs created the need for significant infrastructure growth. In 2006 Terra relocated its company headquarters to a modern, 25,000-square-foot facility in Tulsa, Oklahoma. This facility provides the Company the space to continue growth and the ability to manage operations throughout the nation.
Terra Telecom also works with the United Nations delivering voice products to several countries and the Texas Dept. of Transportation, which will bring significant opportunities to EGPI through various ITS/DOT opportunities.
For more information on Terra Telecom, please go to:
http://www.terratele.com
About EGPI Firecreek, Inc.
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the D.O.T. Construction and Intelligent Traffic System markets through South Atlantic Traffic, Inc. (SATCO) alongside its wholly owned subsidiary M3 Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers) and for oil and gas servicing business through its wholly owned subsidiary Chanwest Resources, LLC (CWR). EGPI Firecreek, Inc. is also looking to expand into alternative energy sources as well as industries in the energy field. Other companies in the oil sector include Exxon Mobil, Pantina Oil and Gas Inc., Frontier Oil Inc. and Cabot Oil & Gas Inc.
Safe Harbor
This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EGPI Firecreek, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EGPI Firecreek, Inc.'s filings with the Securities and Exchange Commission.
EGPI Firecreek, Inc.
Public Relations and Shareholder Information
Joe Vazquez, 754-204-4549
infinityglobalconsulting@gmail.com
Source: Business Wire (December 13, 2010 - 8:13 AM EST)
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Tactical Air Defense Services Executes Acquisition Agreement With Tactical Air Support, Inc.
Dec. 13, 2010 (GlobeNewswire) --
CARSON CITY, Nev., Dec. 13, 2010 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), an aerospace/defense services contractor that offers air-combat training, aerial refueling, aircraft maintenance training, international disaster relief services, and other aerospace/defense services to the United States and foreign militaries, is pleased to announce that it has executed an Agreement and Plan of Merger (the "Merger Agreement") with Tactical Air Support, Inc. ("Tac-Air").
Tac-Air, www.tacticalairsupport.com, is a highly regarded aerospace/defense services contractor founded by a group of former U.S. Navy, Marine, and Air Force Weapons School instructors. Tac-Air has been awarded and is currently servicing multiple aerospace/defense contracts with the U.S. Department of Defense.
Subsequent to a Letter of Intent signed by TADF and Tac-Air (together, the "Parties") in May of this year, on December 10, 2010, the Parties agreed to the terms of the merger of Tac-Air with a wholly owned subsidiary of TADF, with a final closing date scheduled for January 31, 2011, subject to shareholder approval for the transaction. We encourage all parties to review the Form 8-K and Merger Agreement attached thereto filed by TADF on Friday, December 10, 2010, which documents can be found on the SEC website at:
http://sec.gov/Archives/edgar/data/1077915/000117347310000148/0001173473-10-000148-index.htm
Following the closing of the transaction, the Parties have agreed that:
Rolland C. Thompson, current President of Tac-Air and former Commanding Officer of "TOPGUN," the world-renowned U.S. Navy Fighter Weapons School, shall become the new CEO and a Director of Tactical Air Defense Services, Inc.;
General Robert R. Fogleman, former Chief of Staff of the U.S. Air Force, former member of the United States Joint Chiefs of Staff, and Chairman of the Board of Directors of Alliant Techsystems Inc., shall become Chairman of the Board of Directors of Tactical Air Defense Services, Inc.;
Alexis C. Korybut, current CEO of Tactical Air Defense Services, Inc., shall remain with the Company as its CFO and as a Director;
Tac-Air shareholders, and TADF shareholders owning greater than 1% of the outstanding post-acquisition shares, shall be subject to a Lock-Up and Leak-Out agreement for a period of 1 year.
Tac-Air shall be a wholly owned subsidiary of TADF, and Tac-Air shareholders shall receive securities equal to 45.75% of the outstanding post-acquisition shares of TADF stock;
Alexis C. Korybut, CEO of TADF, states: "The acquisition of Tac-Air will be a significant milestone for TADF, the importance and synergy of which cannot be understated. We believe the combined entity will be recognized as the leading private provider of tactical air support services due to a number of factors including its existing contracts, the likelihood of capturing new multi-million dollar contracts, its growing fleet of military aircraft, and having the most experienced, capable, and prestigious management team in the tactical aviation space. We expect strong revenue growth and new contracts in 2011 leading to the opportunity to move to a more liquid stock exchange giving the Company increased exposure to retail and institutional investors."
Make sure you are first to receive timely information on Tactical Air Defense Services when it hits the newswire. Sign up for TADF's email news alert system today at: http://ir.stockpr.com/tads-usa/email-alerts
Further information about TADF is available on our web site: www.tads-usa.com.
Further information about Tac-Air is available at: www.tacticalairsupport.com.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
CONTACT: The WSR Group
Investor Relations Contact:
Gerald N. Kieft
(772) 219-7525
IR@theWSRgroup.com
www.theWSRgroup.com
Source: Globe Newswire (December 13, 2010 - 8:18 AM EST)
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Hicks Acquisition Company II names Christina Weaver Vest as new president and CEO
Dec. 13, 2010 (M2 Communications Ltd.) --
Special purpose acquisition company Hicks Acquisition Company II Inc’s (OTCBB:HKAC) on Friday named Christina Weaver Vest as president and CEO of the company with effect from 31 December 2010, replacing Robert M Swartz.
Swartz is leaving to pursue business opportunities with Glazer’s Family of Companies and will continue as a director of Hicks Holdings related entities except the company.
The company’s board stated that Vest will take over these new duties in addition to her role as CFO and senior VP since June 2010. Earlier, she was senior VP of Hicks Acquisition Company I Inc, presently also serves as a managing director and partner of Hicks Equity Partners LLC and previously from 2005 to 2007 was a senior VP of its affiliate, Hicks Holdings LLC. Vest joined HM Capital Partners as a principal in 1995, the former Hicks Muse Tate & Furst.
Additionally, Vest serves as director of companies such as Ocular LCD Inc, Anvita Inc and Fox Pan American Sports LLC among others.
(Comments on this story may be sent to tww.feedback@m2.com)
Source: M2 Presswire (December 13, 2010 - 8:27 AM EST)
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Health Enhancement Products, Inc. Receives Initial Purchase Order Under the Zus Health Contract; Zus Transfers Contract Rights to Ceptazyme and Xooma Worldwide
Xooma to Take Delivery in February of 2011
Dec. 13, 2010 (Marketwire) --
SCOTTSDALE, AZ -- (Marketwire) -- 12/13/10 -- Health Enhancement Products, Inc. (HEPI) (OTCBB: HEPI) announced today that it has received its first purchase order from the contract that it completed with Zus Health, LLC (Zus) for ProAlgaZyme® (PAZ™). The Company recently signed a licensing and distribution agreement with Zus for worldwide sales & marketing rights to its proprietary algal extract PAZ™. Subsequently Zus Health sold this product line to Ceptazyme, LLC. Ceptazyme has partnered with Xooma Worldwide, a direct marketing group with representatives in over 60 countries for the direct sales segment of the market.
The Company expects to deliver the initial order in February 2011. In addition, the Company will begin to receive monthly orders, which are expected to increase on a regular basis as Ceptazyme and Xooma Worldwide roll out the product to its distributors in over 60 countries.
"Monetizing PAZ™ is a tremendous step forward for HEPI. We will be starting the year off recognizing meaningful revenue for the first time in the Company's history. The revenue stream will give us greater flexibility to focus on the pharmaceutical side of the business," stated HEPI Executive Vice President John Gorman. Mr. Gorman concluded, "We are also working diligently with Ceptazyme to offer alternative methods of delivery for PAZ™ with all its associated benefits."
Bradley Robinson, Ceptazyme Chairman, stated, "We are excited about the strength that Xooma has brought to this partnership through its direct sales channels and for individuals to benefit from PAZ™ in the additional distribution channels that we have been preparing for the introduction of PAZ™. We look forward to building our order flow in the coming months and are encouraged by HEPI's efforts in providing additional methods to deliver PAZ™ on a mass market scale."
Ron Howell, CEO/President of Xooma Worldwide, stated, "We are pleased to initiate the launch of PAZ™ through our worldwide organization. Our initial due diligence has resonated well with our Leadership. We believe that PAZ™ will be a 'game changing' product in the market place and another contribution to our 'Changing the Health of a Generation' mission. Xooma continues to set new standards in the acquisition and distribution of break-through technologies. PAZ™ represents a unique product with measurable results in preventative health care. We are excited to enter the cardiovascular health maintenance world with a truly extraordinary product."
About Health Enhancement Products, Inc.
Health Enhancement Products, Inc. (OTCBB: HEPI) is a health & wellness company engaged in the development of a product comprised of pure, all-natural compounds that can be used as a dietary supplement and food additive. The Company's product is ProAlgaZyme® (PAZ™), a liquid product drawn from living algae grown in purified water. The water in which the algae are grown is drawn off, filtered and bottled under the trademark ProAlgaZyme®.
About Xooma Worldwide
Xooma Worldwide is a wholly owned subsidiary of The Health Network, Inc. The company specializes in the formulation, development and distribution of proprietary products. Servicing consumers through a direct marketing sales organization, the company currently markets in over 60 countries. The Health Network, Inc. began business in 1993.
About Ceptazyme, LLC
Ceptazyme, LLC specializes in manufacturing and distributing of only the highest quality nutraceuticals through worldwide distribution channels.
Safe Harbor Statement
Except for any historical information, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including the timing of completion of a trial, actual future clinical trial results being different than the results the company has obtained to date, and the company's ability to secure funding. Such statements are subject to a number of assumptions, risks and uncertainties. Readers are cautioned that such statements are not guarantees of future performance and those actual results or developments may differ materially from those set forth in the forward-looking statements. The company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information or otherwise.
IR Contact:
David Sasso
954-990-5451
Source: Marketwire (December 13, 2010 - 8:30 AM EST)
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Imperial Resources, Inc.: Completes Debt Conversion on Highly Favorable Terms
Dec. 13, 2010 (Business Wire) -- Imperial Resources, Inc. (the "Company", "Imperial") today announced that in line with an announcement of a Letter of Intent on November 29, 2010 (“LOI”), the Company and its wholly owned subsidiary, Imperial Oil & Gas, Inc. ("IOG") have entered into an agreement dated December 10, 2010 with Coach Capital LLC, (“Coach”) for a debt to equity conversion of a promissory note and its accrued coupon owed to Coach by IOG.
Under the agreement Coach had an option to convert it’s debt into equity of Imperial. Coach immediately exercised this option the same day, the debt otherwise being redeemable in full at any time, at the Company’s sole election.
The conversion transforms the Company’s balance sheet, eliminating the $900,000.00 liability, plus accrued interest of $42,534.25 to the date of the agreement (together, the “Debt”). This, at a stroke, removes all material indebtedness in preparation for the execution of the Company’s aggressive growth strategy, currently centered on the Chisholm Trail Resource Play and Salt Water Disposal Well opportunities, as referred to in the Company’s announcement of November 24, 2010.
The conversion has come about as a result of an approach by Coach, who subsequently performed due diligence on Imperial. The Company is delighted that Coach has chosen to share in the prospective upside in the Company’s common stock that may result from the Company’s growth strategy.
The Company believes that the terms of the conversion of the Debt, renegotiated over the past few weeks since LOI, are highly favorable; only 1,625,059 shares of common stock have been issued to Coach at $0.58 per share to satisfy the Debt, a very reasonable discount to market. The 1,625,059 shares issued represent less than 4% of common stock in issue after conversion, compared to the expectation of around 5% in the LOI. In addition, Coach has dropped its demand for additional warrants as contemplated in the LOI.
The Company is delighted to have concluded this agreement on such favorable terms. It regards the conversion by Coach as an excellent endorsement of the Company’s potential.
Robert Durbin, CEO of IOG, said: “I would like to thank Coach and appreciate their confidence in the company going forward. This should be a very favorable trade in the long run for all involved.”
About Imperial Resources, Inc.
Imperial Resources, Inc., through its wholly owned subsidiary, Imperial Oil & Gas, Inc. has a highly focused, risk-averse strategy of building a substantial portfolio of oil and gas assets through its access to niche, low risk oil and gas opportunities in the onshore U.S. Imperial aims to exploit projects which can deliver cash flows normally associated with higher risk projects but without exposure to high risk failure rates.
To find out more about Imperial Resources, Inc. (IPRC), visit our website at www.imperialresourcesinc.com.
Forward-Looking Statements
Statements in this news release that are not statements of historical fact are forward-looking statements, which are subject to certain risks and uncertainties. Forward-looking statements can often be identified by words such as "expects,” "intends,” "plans,” "may,” "could,” "should,” "anticipates,” "likely,” "believes" and words of similar import. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those expressed or implied by forward-looking statements due to a variety of factors that may or may not be foreseeable or within the reasonable control of the Company. Readers are cautioned not to place undue reliance on such forward-looking statements. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission, including without limitation under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K filed on July 9, 2010. Except as otherwise required by law, the Company disclaims any obligations or undertaking to publicly release any updates or revisions to any forward-looking statement contained in this news release to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Imperial Oil & Gas Inc.
Robert R. Durbin, CEO
Investor Relations:
Telephone: 1-888-575-4772
http://www.imperialresourcesinc.com/pages/contact
Source: Business Wire (December 13, 2010 - 8:30 AM EST)
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Continued Increasing Demand for Oil Reinforces Topaz Plan
Dec. 13, 2010 (Marketwire) --
DENTON, TX -- (Marketwire) -- 12/13/10 -- Topaz Resources, Inc. (OTCBB: TOPZ), an independent oil and gas company("Topaz" or the "Company"), today announced that current and forecasted demand and prices of oil are providing significant reinforcement to the Topaz acquisition and development plan.
Resurgence in the global demand for oil has seen the price for oil not only remain over $80 per barrel, but climb to over $87. Global oil demand is strong; in fact, it has never been stronger. Macquarie Capital recently noted in November that oil demand during the third quarter of this year was up 3.7 percent, the fourth-straight quarter of growth and expects global oil demand to grow by 2.3 percent on a year-over-year basis in 2011.
Continued growth for demand of oil and higher oil prices also is supported by the International Energy Agency, whose long-term outlook predicts that global energy demand will grow by 36 percent between 2008 and 2035.
The continuing global growing demand for oil and high price of oil both have validated and reinforced the Topaz strategy to add and develop oil properties in the north and west Texas regions. Topaz recently has announced the consolidation into Topaz of its North Texas shallow oil project, which comprises 543.69 acres with a history of proved producing oil wells, located in Wichita County in North Texas and where it has commenced both multi well work over and drilling programs, and the consolidation of 750 net acres in the oil leg of the Barnett Shale in Montague County also in North Texas.
About Topaz Resources
Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas. The Company's website can be found at www.topazresourcesinc.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Natalie Bannister
Investor Relations
573.631.2193
azureriviera@gmail.com
Source: Marketwire (December 13, 2010 - 8:30 AM EST)
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UFood Retains Restaurant Marketing Veteran Jeff Bonasia to Drive Nationwide Franchise Expansion
Dec. 13, 2010 (Marketwire) --
BOSTON, MA -- (Marketwire) -- 12/13/10 -- With demand for healthier fast food increasing among consumers nationwide, UFood Restaurant Group Inc. (OTCBB: UFFC) announced today that it has retained Jeff Bonasia to assist in developing marketing programs to identify, attract and secure potential franchisees. The Company seeks franchisees that have a track record of success operating multiple food service franchise locations for mature brands and are seeking to become a part of a healthy quick-service concept to capitalize on this growing trend.
"Mr. Bonasia has extensive experience in developing marketing and communication programs to attract food service operators capable of operating multiple franchise locations," said Charlie Cocotas, COO of UFood Grill. "His depth of experience in the quick-service restaurant industry will allow him to contribute to the successful growth of UFood Grill as it expands in traditional markets in combination with the success it is achieving in establishing locations in major airports across the country."
As Senior Vice President with Hill Holliday, Mr. Bonasia oversaw the nationwide franchise expansion of Dunkin' Donuts business under the tagline "America Runs on Dunkin" and managed McDonald's efforts while at Havas' Arnold Worldwide. Previously, Mr. Bonasia spent 12 years at Burger King Corporation serving as Senior Director of Advertising, Brand Image & Retailing and Product Marketing, spearheading initiatives that included the development of a new brand logo and award-winning advertising; new retail designs, menu board systems, packaging and uniforms; the development of Burger King's Angus Burger and new kids' products; and the introduction of interactive educational computer game systems for kids that were introduced in all company-owned restaurants.
About UFood Restaurant Group, Inc.
Headquartered in Boston, Mass., UFood Restaurant Group, Inc. is a franchisor and operator of fast-casual food service restaurants. UFood Grill offers a healthy lifestyle alternative to consumers in the fast-casual restaurant space and is positioned to become a leading player in the "better-for-you" quick-serve restaurant category. The Company is led by franchise innovator George Naddaff, who founded Boston Market and led the franchising of several companies including Sylvan Learning Center and VR Business Brokers. Mr. Naddaff has assembled a veteran management team with a successful record in the franchise market. UFood is currently launching a growth plan to franchise nationwide. To learn more, visit www.ufoodgrill.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause our actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: risks associated with the uncertainty of future financial results, our reliance on our sole supplier, the limited diversification of our product offerings, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
Source: Marketwire (December 13, 2010 - 8:30 AM EST)
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Horiyoshi Worldwide Enters Brazil with Luxury Brand Department Store, "DASLU"
Dec. 13, 2010 (PR Newswire) --
LOS ANGELES, CA - Horiyoshi Worldwide Inc. (OTC Bulletin Board: HHWW) ("Company") is pleased to announce today that the Company has secured retail distribution with multi-brand department store, DASLU. www.daslu.com.br
Established in 1996, DASLU is a posh multi-brand department store in Sao Paulo, Brazil - known as the "Fashion Mecca" of South America. The establishment houses more than 60 labels plus 30 store-in-store boutiques including Chanel, Jimmy Choo, Louis Vuitton and Valentino. Daslu is highly regarded for being a 'purveyor' in chic and exclusive couture in South America.
Horiyoshi the Third's Spring / Summer 2011 Collection will be sold at DASLU's prestigious flagship store in Sao Paulo. View the Horiyoshi the Third Spring / Summer 2011 Collection at http://horiyoshi-thethird.com/#lookbook/1
"We are excited to increase our profile and expand our brand reach in Brazil. Daslu is a renowned shopping institution and the gateway to the South American market for luxury brands. Entering into Brazil with Daslu plays a key role in establishing Horiyoshi the Third as a premier brand in South America." says Dawn Green, Commercial Director of Horiyoshi Worldwide.
About Horiyoshi Worldwide Inc.
Horiyoshi Worldwide Inc., designs, manufactures, and markets Horiyoshi the Third (HIII) - a high end clothing and accessories product line based on the artistry of World renowned Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). The Company is rapidly expanding its distribution platform with the line currently being sold in approximately 45 luxury retail boutiques located in 25 cities worldwide. Debuting in Fall 2009 - HIII has been featured in leading fashion publications such as the New York Times, International Herald Tribune, the Los Angeles Times, Anotherman Magazine, Vogue and Style.com.
For more information on Horiyoshi the Third, visit:
www.horiyoshi-thethird.com
www.facebook.com/pages/Horiyoshi-III/39736791918
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the successful operation of HIII's product line.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HHWW's ability to design and manufacture its products following the acquisition, the ability of the products to gain market acceptance, and the difficulties faced by an early stage retail fashion company in the competitive retail fashion industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic and current reports filed from time to time with the Securities and Exchange Commission.
SOURCE Horiyoshi Worldwide Inc.
Source: PR Newswire (December 13, 2010 - 8:30 AM EST)
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