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What assets are in NSDM if we have 3 other spinoffs? This is getting very complicated.
North Star Diamonds Inc. announces spinoff of Ukraine interests
BELLINGHAM, WA, Jan. 29 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. is pleased to announce the spinoff of the interests in Ukraine to a wholly-owned subsidiary, Black Sea Minerals, Inc., incorporated in Nevada. The record date is set for February 9, 2007 and payment date of March 2, 2007. The ratio of distribution is 10 North Star Diamond Inc. shares for 1 share of Black Sea Minerals Inc. The share distribution on North Star Strategic Minerals, Inc. is now complete and shares of North Star Strategic Minerals Inc. in certificate form will be mailed upon confirmation of address. The North Star & Zale, Inc. spinout is in the final stages of completion. Presently, work is continuing on making these three entities into publicly traded companies.
If anything was leaked there would be much higher volume. But anything is possible and I am crossing my fingers.
Trucks...Do you have an ear to the door?
anybody get their shares yet?...eom
hohoho tfant53...I guess you were good this year
North Star Diamonds Inc. announces completion of first spinoff, second spinoff announced
BELLINGHAM, WA, Dec. 22 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. wishes to announce to the shareholders that the shares of North Star Strategic Minerals, Inc. have been delivered to the DTC (Depository Trust Corporation) and are in the process of being distributed, beginning on Tuesday.
North Star Diamonds Inc. also wishes to announce the second spinoff, North Star & Zale, Inc. The record date has been set for January 5, 2007 at 5:00 p.m. Pacific Standard Time with the payment date scheduled for January 19, 2007. The shares will be issued on a basis of 5 North Star Diamonds Inc. shares for one share of North Star & Zale, Inc. This company is in the process of going public on the OTC Bulletin Board and is presently completing the SB-2 and audited statements. The name of the president and other officers will be named in early January, 2007. This will give the present shareholders shares in three companies: North Star Diamonds Inc., North Star Strategic Minerals, Inc. and North Star & Zale, Inc. 'All three companies will now contribute value to the shareholders,' states Walter Stunder, who is currently the president of all three. 'We can look forward in anticipation of a good year in 2007 and I take this opportunity to wish all our shareholders a very Merry Christmas and a Happy and Prosperous New Year.'
I used alivak@fortuneir.com. Good luck
I sent an email to Alex and received a very quick reply. This is what Alex said:
"Unfortunately we got stuck in a waiting game with Apex. The results were to be known 6-8 weeks after the drilling was complete. However the dates keep getting pushed further and further back.. We were told that by the Jan 1, all will be known and as soon as the company hears anything, announcements will be made."
HUGE NEWS
Solucorp Industries, Ltd. (Pink Sheets:SLUP) announced that its patented Molecular Bonding System (MBS) heavy metals soil remediation technology has passed all tests conducted by an independent laboratory in Italy, surpassing all other tested remediation technologies. The MBS process has been confirmed as the technology of choice for remediating heavy metals contaminated soil at an Orbetello, Tuscany site in Italy.
Solucorp received written notice of confirmation of its technology's selection from EARTH s.r.l., the engineering company in charge of the SI.TO.CO site in Orbetello. EARTH S.r.l. is a part of the Saico company in Arezzo, Italy.
The SI.TO.CO Orbetello remediation site, once awarded, will consist of 50 hectares (approx. 123 acres) and could reach $80 million in remediation revenue to Solucorp over the multi-year life of the project. Phase One of the project will include 10 hectares (approx. 25 acres) and is estimated to represent $16 million in remediation revenue. EARTH S.r.l. awaits final approval from the property owners and the Ministry of the Environment (the Italian equivalent of the U.S. EPA) in order to move forward on this project. The final approval is anticipated in the first quarter of 2007.
The SI.TO.CO site was declared a site of national interest by the Italian Ministry of the Environment. EARTH S.r.l. went on to request that arrangements be made for a meeting to define the course of operation for the first phase of the SI.TO.CO project.
EARTH S.r.l. stated that after extensive review of Solucorp's successful remediation at Ravenna, Italy, a decision was made by EARTH S.r.l. to review the applicability and effectiveness of Solucorp's MBS metal remediation technology on the Orbetello site. Numerous tests at an independent laboratory in Italy were made on soil samples provided by EARTH S.r.l. from the SI.TO.CO site and yielded the required results.
Solucorp is in the final stages of another high profile clean up at Ravenna, Italy, which to date has generated over $4.5 million in revenue for Solucorp. During the 16 months that Solucorp has been on site, a strong working relationship has been established with Syndial, the company whose land is being treated and Snamprogetti, the company who runs the reclamation division for the ENI S.p.A.
The MBS technology has performed flawlessly at the Ravenna site with results of the treated soil tests coming in well below the Italian regulatory limits. Using the Ravenna site as a showplace, Solucorp's work force in Italy has conducted tours on the site for new clients to view the operation. These contacts, and others that have been established through years of work with the leaders in the environmental field in Italy, have set the stage for future business in Italy. Many of those contacts have visited the Ravenna site. The result of these visits and the additional successful testing of six different projects in Italy has brought about the proposed use of Solucorp's technology at six successfully tested sites going through various stages of review to date.
Richard A. Runco, President of Solucorp, states, "Stringent European Union environmental regulations and the need for permanent soil remediation have set Europe as the immediate revenue producing frontier for Solucorp. The proven and cost effective MBS remediation technology in Italy makes Solucorp's patented remediation solutions highly desirable throughout Europe."
Actor James Brolin, Spokesperson for Solucorp Industries, Ltd., Appears in November COMMERCE Magazine, Advocates Solucorp's New Technology to Help Solve Energy/Pollution Crisis
Famed actor, director and environmentalist James Brolin was featured in the November 2006 issue of New Jersey business magazine, "COMMERCE," discussing environmentally-friendly solutions to the burgeoning energy supply crisis. Also a spokesperson for Solucorp Industries, Ltd., www.solucorpltd.com (OTC:SLUP), Brolin discussed the company's new proprietary technology to significantly reduce mercury emissions from coal energy production.
In the article, "For Film and TV Star James Brolin, Environmentalism is No Act," Brolin said: "This (Solucorp) technology is designed to reduce coal-fired mercury emissions below federally-mandated regulations. It also remediates the fly ash residue generated by these furnaces. We can do better by seeing this technology adopted by the domestic coal-burning power plant industry, factories, refineries and chemical plants."
Brolin notes that Solucorp has an agreement with a publicly-traded global power generation company to integrate its technology, for the first time, into one of its coal-fired power plants.
Solucorp's technology paves the way for an innovative solution to the mercury pollution issue associated with coal-fired power plants. EPA regulations have forced coal plants to find solutions to the mercury problem or face sanctions, creating a potentially catastrophic effect on the energy supply, but Solucorp's technology could enable coal plants to comply with regulations, opening up exciting new potential for coal--a vastly abundant resource--to become a significant fuel source for the 21st Century.
Brolin, along with Gary M. Smith, award-winning Hollywood producer, are producing a news special report with Fortune Broadcasting (www.fortunebroadcasting.com), a subsidiary of Clearvision International, Inc. (OTC:CVNI) to announce the availability of Solucorp's proprietary technology to dramatically reduce harmful mercury emissions. Brolin, a well-known film and TV star who has received both Emmy and Golden Globe nominations, will direct the project.
Disclaimer
The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult licensed professionals prior to making an investment decision.
Clearvision Int'l/ Fortune Broadcasting Communications
Maureen Kedes, 323-850-2989
www.fortunebroadcasting.com
Ok I listened to it last night. From what I get, shareholders are going to receive 1 share of Northstar Strategic Minerals for each share of NSDM. This will consists of all the exploration work. In a few weeks we will be hearing about another spinoff of the Diamond Sales. What I do not get is WS said NSDM will be a reporting company. Where does NSDM generate revenue from?
Can somebody listen to the NSDM interview done Nov 13th at wallst.net. I am at work and must have all kinds of firewalls that prohibit my downloading.
I don't know how you search Mike but they're on Amazon, shopping.com, My Simon ... I feel your frustration. I have been in this thing since 2001. I really don't understand the rational for the spin off but there has to be some madness to it. Unless WS is truely insane. I see Dan Heilman is no long associated with NSDM. Does anyone really know what happened?
I feel with the democrats controling the House, SLUP could really benefit. Maybe that is why the Celebs are pushing.
Solucorp Provides Update to the Investment Community in an Interview with WallSt.net
Management of Solucorp Industries, Ltd. (OTC:SLUP) was interviewed yesterday by WallSt.net, a company dedicated to providing financial news and information. The interview of Noel E. Spindler, President of the Company's Integrated Fixation System (IFS) subsidiary, provides a general SLUP update and overview which can be accessed on the website www.wallst.net.
The interview focused on the following topics:
-- An overview of the company and its markets
-- The short-term and long-term trends in the Company's target markets
-- The prospects for growth in the industry
-- The reasons that Solucorp has a competitive edge in the market place
-- Some of the important milestones investors should watch for in the next 12 months
North Star Diamonds Inc. announces revised record date
OOOPPSS got my answer..
BELLINGHAM, WA, Nov 01, 2006 /PRNewswire-FirstCall via COMTEX/ -- North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. wishes to advise shareholders of a revised record date for the spinout of North Star Strategic Minerals, Inc. This is due to insufficient notice having been given to the governing authorities. The revised spinout date is Tuesday, November 14, 2006 at 5:00 p.m. PST. The payout date is by November 21. This revision was due to insufficient notice to a governing body and North Star Diamonds Inc. apologizes for the inconvenience. Shares of North Star Strategic Minerals, Inc., the spinout company, will be issued to the holders of North Star Diamonds Inc. on a 1:1 (one to one) basis as of the record date. These shares will be issued automatically and the shareholder is not required to take any action.
Blue Nile seems to be doing very well. Who knows, maybe the diamond sales are adding revenue and better yet earnings.
I haven't received my new shares yet. Has anybody? That said, what incentive does Walter have to do this unless he hit on something. It is not costing us any more $$ than we already put into this stock. I have always questioned how much $$ NSDM has made off diamond sales. I never received any answer from my emails. But I do see they are on many sites. Maybe diamond exploration is put on hold while Walter tries to strike gold. I just do not see at sub penny, NSDM does a spin off. Can somebody shed light on this.
trucks...where are you??? Do you have any information. I am getting really old fast. Does anybody have actual information, no speculation?
Technical breakout to the upside. IMO
U.S. Coal Plant Boom Poses Big Questions
Sunday October 15, 5:00 pm ET
By Steve Quinn, AP Business Writer
U.S. Coal Plant Boom Creating Dilemma for Politicians, Environmentalists, Utility Companies
DALLAS (AP) -- A building boom that would add scores of new coal-fired power plants to the nation's power grid is creating a new dilemma for politicians, environmentalists and utility companies across the United States.
Should power companies be permitted to build new plants that pollute more but are reliable and less expensive? Or should regulators push utilities toward cleaner burning coal plants, even if it means they will cost more and are based on newer, yet still unproven, technology?
How those questions are answered will have huge implications over the next few decades. It could determine how Americans light, heat and cool their homes and business, the rate of return on utility investments and the potential environmental impact of the new plants.
Nowhere do these competing interests play out with such force as in Texas, where 16 new coal-fired plants are proposed -- 11 of them by Dallas-based TXU Corp., the state's biggest power company.
The scope of TXU's 5-year, $10 billion plan is considered bellwether and being closely watched by industry analysts, lawmakers, competitors and environmentalists across the U.S.
"TXU put its stake in the ground and said it will (build the plants) faster and cheaper than anyone else," said Daniele M. Seitz, analyst with investment firm Dahlman Rose. "So they have something to prove."
The company is hardly alone, however.
Some 154 new coal-fired plants are on the drawing board in 42 states. Texas and Illinois are the only states where 10 or more plants are planned, according to the National Energy Technology Laboratory.
Energy analysts say factors driving coal's resurgence are soaring power demands, volatile natural gas prices and a favorable investment market.
Coal now accounts for about 50 percent of the power generated in the U.S. By the year 2030, that share will increase to 57 percent, according to Energy Department forecasts.
The U.S. has the world's largest coal reserves, enough to last for the next 200 to 250 years, analysts believe.
Larry Makovich, managing director for consulting group Cambridge Energy Research Associates, said the urgency to bring more power-generating plants online cannot be understated.
"A fundamental reality of the power business is there is no single fuel of choice, so if you are going to survive in the long run, you need to have a good mix of fuels and technologies," he said. "If we are going to keep supply and demand in balance, you're looking at a five-year lead time, so you have to get started building these plants now."
The argument over how TXU should build power-generating plants plays out almost daily with critics and proponents weighing in on the potential merits and drawbacks of the company's plans.
TXU says the proposed plants will meet the state's growing demand for power, give a sorely needed economic boost to nearby small towns and will reduce toxic emissions by replacing older, less efficient plants.
"The coal plant of today is so much cleaner; it makes so much less emissions than what most Americans and Texans can conjure," said Mike McCall, chief executive of TXU's wholesale division. "It can be a good viable resource without really harming the environment."
Critics, however, counter the company is driven by profits and is rushing to beat more stringent federal restrictions on carbon dioxide emissions in an era of escalating concerns over global warming. Texas already produces more carbon dioxide than any other state, a fact that worries big city mayors downwind of the proposed plants.
The debate soon could end up in federal court. Dallas attorney Rick Addison recently announced plans to sue TXU, alleging potential violations of the federal Clean Air Act.
"It's remarkable and unnecessary the amount of pollutants they are going to put in the air," said Addison, a member of the Houston-based Locke Liddell and Sapp law firm. "The only way to get these issues resolved is at the highest level and reviewed under the appropriate law."
The battle lines were drawn April 20, when TXU Chief Executive John Wilder announced the company's plans shortly after much of Texas underwent a rolling power blackout. Since then, each side has assembled a team of backers comprised of affected residents, lawmakers, and lawyers.
In Colorado City, Texas, a town of 4,100 about 10 miles from where TXU wants to place one of the plants, civic leaders and lawmakers support the venture. They believe it will be an economic boon to the sleepy West Texas town, said Mayor Jim Baum.
But Dallas Mayor Laura Miller and Houston Mayor Bill White recently formed a coalition of 17 mayors opposing the TXU's 11 proposed plants and five others being considered by other Texas companies. The group has lined up law firms statewide bracing for a courtroom battle.
Miller recently spent a week visiting existing TXU plants, as well as a coal gasification plant in Tampa, Fla., that turns coal into gas and removes the pollutants before the fuel is burned.
Coal gasification plants can cost up to 20 percent more to build than a conventional plant. But they also can be more efficient to operate and save utilities the hassle and expense of adding pollution-control devices.
Already, American Electric Power, of Columbus, Ohio, Minneapolis-based Xcel Energy Inc. and Charlotte-based Duke Energy Corp, are reviewing plans to implement this technology.
Mike Morris, chairman for American Electric Power, said the pressures on power companies to burn fuel in the cleanest way possible will only gain momentum in coming years.
"From our vantage point we think the technology for clean coal is there," he said. "It can be done, but there is a challenge."
For it's part, TXU says turning the coal into synthetic gas remains an unproven technology and not as reliable as burning pulverized coal -- the process the company's new plants would be designed to use.
Several analysts agree.
"For purposes of generating electricity, a pulverized system is well-proven," said John Mead, who heads the Southern Illinois University Coal Research Center in Carbondale, Ill.
"Gasification has much more limited commercial experience," Mead said. "There are still some unknowns as to just what the operating costs would be and how reliable would such a system be."
esidarap...I agree with you that the potential is huge. I think this will catch on as soon as SLUP makes public the name of the power company using their product to cut coal emissions. It's nice to have some big celebs on board to get the SLUP name out.
GARY M. PETERSEN, CHAIRMAN OF GREEN SEAL and PIONEERING RECYCLER, and ROBERT H. SULNICK, ENVIRONMENTAL LAWYER,
SIGNED AS CONSULTANTS TO SOLUCORP INDUSTRIES, LTD.
- Pair Will Spearhead Introduction and Commercialization
Of Heavy Metals Remediation Technology -
FT. LAUDERDALE, FL., OCT. 12, 2006 – Solucorp Industries, Ltd. (OTC: SLUP) announced today that Gary M. Petersen, one of the Nation’s leading conservationists and U.S. recycling pioneer, and his business partner, Robert H. Sulnick, co-founder of American Oceans campaign (with Ted Danson), have been signed as consultants to Solucorp to spearhead the introduction and commercialization of the Company’s Integrated Fixation System (IFS) and Molecular Bonding System (MBS®) patented proprietary technologies. The initial focus will be on IFS, a first-of-its-kind heavy metals remediation solution which removes mercury from coal fired power plant emissions.
Petersen, as a Waste Management Vice President and Director of Environment Affairs for Recycle America was instrumental in the company becoming the largest recycler in the U.S. Having been involved in the greening of the White House, Petersen is a recognized expert in environmental sustainability.
Petersen and Sulnick offer a wealth of environmental expertise and experience to the Solucorp team. The pair brings a twenty-year track record of championing many important environmental issues as well as shepherding anti-pollution and energy conservation technologies to the marketplace. Their client list has included: British Petroleum (solar energy, ARCO-BP (low-sulfur diesel), the Western States Petroleum Association (recycled motor oil, low sulfur-diesel), Intergen (sustainable development, energy conversation), Toyota (recycling), OsmoTech and the Army Corps of Engineers (electric pulse technology capable of solving mold and water intrusion problems in-grade and below-grade structures), Earth Shell (biodegradable alternative to plastic and polystyrene packaging), and such developers as Playa Vista and Hearthside Homes (base energy model, alternative energy, indoor air quality, building materials, water conservation, recycling).
“When I was introduced to Solucorp’s unique technology,” Petersen said, “I immediately understood and appreciated what an important contribution it could make to our efforts to clean up our environment – and I knew I wanted to be involved in a meaningful way. I believe that Solucorp’s breakthrough technology will be embraced as a long-sought-after solution to clean up the heavy metals contamination of our planet,” said Petersen.
“Mercury is a dangerous toxic pollutant that accumulates in the food chain,” said Sulnick. “Until recently it was thought that mercury poisoning was confined to fetuses and the young. Recent studies however, identify mercury as a much more destructive toxin than previously thought. Studies show that, at medium exposures it harms adults as well as children.”
Noel E. Spindler, President of IFS, a Solucorp subsidiary, noted that, “We are confident that Gary’s and Bob’s superior credentials coupled with the great respect they command in the industry will open significant doors for us as we actively begin to introduce our remediation systems.”
Petersen and Sulnick are the latest high-profile environmentalists to align with Solucorp in backing the Company’s efforts to help clean planet earth. Earlier this week, Solucorp announced that Gary Smith, legendary Hollywood producer, will work hand-in-hand with James Brolin, the famed actor and husband of Barbra Streisand, to produce a video news release with plans to secure cameos from top celebrities and notables to highlight Solucorp’s coal treatment technology.
As previously announced, Solucorp (www.solucorpltd.com) is presently integrating its IFS mercury emissions control technology into a working coal-fired energy plant at a major global power generation company, taking this most crucial step to demonstrate a solution to the world’s mercury emissions dilemma. By the end of this year, Solucorp plans to make the technology accessible to the worldwide energy industry.
Mercury is a highly persistent, toxic pollutant that accumulates in the food chain. Fetuses, infants and young children are most at risk for mercury damage to their nervous systems. At high concentrations, it can cause mental retardation, cerebral palsy, deafness, blindness and death. The development of coal as a Twenty First Century energy source has been limited by the mercury emissions problem. Solucorp has an answer to that problem. Its patented technology eliminates mercury flue gas emissions and, additionally, remediates the resulting fly ash turning it into an additional source of revenue.
Globally, coal is more abundant than oil reserves. Solucorp’s patented solution is the answer to countries worldwide in need of reducing toxic mercury emissions from coal fired power plants. Although coal is a vastly abundant energy source, its development for the future has been limited by the problem of hazardous mercury emission pollution.
Legendary Hollywood Producer Gary Smith to Co-Produce Environmental News Special on Solucorp Industries Ltd.
Legendary Hollywood producer, passionate environmentalist and multiple award-winning Hollywood producer, Gary Smith, has teamed with actor/director James Brolin to produce a news special report featuring Solucorp Industries Ltd. (OTC: SLUP). SLUP has the proprietary technology to render coal virtually clean burning by dramatically reducing both ionic and elemental mercury emissions. The company is in the process of implementing its technology into a functioning coal-fired factory. The Brolin/Smith special report will be co-produced by Fortune Broadcasting Corp. (www.fortunebroadcasting.com), who will distribute the piece to the media, announcing the availability of the technology.
It is anticipated that Smith and Brolin's involvement will result in attracting top celebrities from the worlds of entertainment, sports and media. The project will focus on the abundance of coal in the U.S., the ramifications of foreign oil dependency, and how Solucorp, with its patented technology, will make coal clean burning and free of mercury emission by integrating into functioning coal-burning energy plants. Making the public aware that coal can be the clean-burning fuel source of the future is the top priority.
Globally, coal is more abundant than oil reserves. As countries scramble to reduce problematic dependence on oil and find alternative energy sources, Solucorp's patented technological development has produced a solution. Although coal is a vastly abundant energy source, its development for the future has been limited by the problem of hazardous mercury emission pollution and mercury-polluted ash residue. That challenge will be overcome by a new proprietary IFS technology from Solucorp Industries Ltd.
Solucorp's unique and patented mercury emissions control technology is in the process of being integrated into a working coal-fired energy plant at a major global power generation company. This is the first crucial step for a solution to the world's mercury emissions dilemma. The IFS technology not only materially reduces mercury emissions, but also remediates the heavy metal-laden fly ash. When operating results are available later this year, Solucorp plans to make the technology widely accessible to the worldwide energy industry. In addition, Solucorp (www.solucorpltd.com) is working with a major international power generating systems and equipment manufacturer to infuse its mercury control technology into current and future coal-burning energy equipment. Testing has already been successfully completed showing significant reductions in elemental mercury emissions.
"We know it works, and soon the public will be astounded. Our technology will drastically reduce mercury emissions below the new federally mandated EPA standards," says Noel Spindler, President of Integrated Fixation System Company, Inc., a Solucorp subsidiary.
"EPA regulations are forcing coal plants to find solutions to the mercury problem or face significant fines or shutdown, which could have a catastrophic effect on our energy supply. There is a widespread but mistaken belief that mercury emissions can't be reduced significantly or cost-effectively, but we're about to prove that's a myth. With this technology, existing coal plants will be able to comply with new regulations. New coal-burning plants will be able to replace oil and nuclear plants to meet the ever increasing energy demands, while eliminating and potentially reversing their negative environmental impact, opening up exciting new potential for abundant coal to become the world's primary fuel source of the 21st Century."
Producer Gary Smith has been a Hollywood behind-the-scenes icon since the 1960s. He began his career producing television specials going as far back as the famous Judy Garland special. His exhaustive credits include virtually every AFI special, several Emmy and Tony Awards shows and specials, countless specials for Disney, Lifetime, ABC, and repeated specials for Barbara Streisand, Neil Diamond, The Kennedy Center, Burt Bacharach, Shirley Maclaine, Anne-Margaret Olsson, Baryshnikov, Sandy Duncan, Steve & Eydie, the People's Choice Awards, and the Rockettes, among others.
Actor/Writer/Producer James Brolin first achieved enduring fame starring in Marcus Welby, M.D. His two other hit series, Hotel, ran for six years, and Pensacola Wings of Gold, ran for five. He received an Emmy nomination and a third Golden Globe nomination for his portrayal of Ronald Reagan in The Reagans (CBS). Films include Wes Craven's Cursed, starring Christina Ricci and Portia De Rossi; The Alibi, opposite Selma Blair and Rebecca Romjin; Denzel Washington's Antwone Fisher Story; Spielberg's Catch Me If You Can with Leonardo DiCaprio; and Steven Soderbergh's Academy Award-winning Traffic.
Solucorp Industries Ltd., is a provider and developer of cost-effective and permanent technologies for the remediation and prevention of hazardous heavy metal contamination. Solucorp owns several patents and numerous additional patents that are pending. Solucorp Industries Ltd., has three wholly owned subsidiaries: Solucorp Industries, Integrated Fixation System Company Inc., and WITS, Inc.
Solucorp Installs Mercury Emission Control Technology Test System in Working Coal Fired Energy Plant; Project Moves from Design Phase to Implementation
Solucorp Industries, Ltd. (OTC:SLUP) announced that the installation process is underway for the mercury emission control test system it designed and configured for the working coal-fired power plant of a major U.S. utility company. As previously announced, Solucorp has an agreement with this publicly traded, global power generation company to integrate, for the first time, Solucorp's Integrated Fixation System (IFS) Mercury Emission Control technology into one of its coal-fired power plants. Solucorp's IFS technology is designed to reduce coal-fired mercury emissions below federal mandated regulations. IFS also remediates the fly-ash residue generated by these furnaces.
The completed test system design is the result of the efforts of a team comprised of the power plant engineers, energy consultants and Solucorp scientists. The installation is expected to be completed within six weeks. The results of the three-week test will be compiled and reported before the end of 2006. Under the terms of the Agreement, the coal-fired utility was not identified.
Richard A. Runco, President of Solucorp Industries, Ltd., said, "This first-of-its-kind solution can save the coal burning industry hundreds of millions of dollars in failing emission control costs. Congress, the Environmental Protection Agency (EPA), the Department of Energy (DOE), as well as power plants have often expressed a belief that there is currently no solution to the coal burning/mercury dilemma. Solucorp contends that its IFS technology is in fact a viable, cost-effective solution. The company's confidence stems from a Computational Fluid Dynamics (CFD) modeling report indicating that the IFS technology is capable of dispersing within the flue gas stream, allowing the technology to make contact with both ionic and elemental mercury. We believe that successful test results will conclusively establish our technology as a viable, cost-effective solution."
Noel E. Spindler, President of Integrated Fixation System, added, "Our goal is to showcase the first coal burning power plant to emit fewer environmental pollutants than found with existing plants and technologies. Our solution will greatly reduce the industry's need to expand oil burning power facilities to replace coal facilities, an action being considered by certain states, as reported by the Boston Globe, October 22, 2005."
The domestic coal burning power plant industry consists of approximately 1,300 coal-fueled power plants supplying 50% of the electrical power plant energy requirements. According to the NY Times, March 1, 2006, there are also 17,000 factories, refineries and chemical plants that emit millions of tons of pollutants into the air.
Coal is plentiful but polluting, and an energy hungry world anxiously awaits a solution to clean the mercury-filled emissions generated by this fossil fuel. The negative impact of closing coal burning power plants would have a catastrophic effect on our energy supply and our way of life, and would further increase our dependence on foreign oil. U.S. power plants' annual spending will exceed $40 billion by 2010 in an effort to eliminate environmental hazards, which include mercury emissions. (Energy Information Administration, DOE data).
Solucorp has begun negotiations with several regionalized toll-processing facilities to manufacture its IFS Mercury Emission Control product. The company has already begun to market this technology to its current client base, distributors, representatives and joint venture partners in Italy and China.
Solucorp's Ravenna, Italy Project Showcases Proprietary Technology
Solucorp Industries, Ltd. (OTC:SLUP) announced today that its soil remediation project in Ravenna, Ponticelle, Italy has generated $3.7 million in revenues during the past ten months. Tonnage remaining to be processed through November 2006 will result in an additional approximate $1 million in revenue, for a total of $4.7 million in total revenues generated from this project during the calendar year 2006.
The company's patented Molecular Bonding System (MBS(R)) technology successfully remediated hazardous heavy metals from soils on site during the ten-month period. The test results show the MBS process consistently resulted in treated soils proving non-hazardous soil. The land is now acceptable for redevelopment under stringent Italian Environmental Land Redevelopment regulations. The site is owned by Syndial who has sold the remediated and reclaimed the land for use as a housing development.
The ongoing success at the Ravenna project has been used to showcase cost effectiveness and efficiency of the MBS technology to other prospective clients throughout Italy, including one project in Venezia, one in Tuscany, and two in the province of Emilia. To date, Solucorp has successfully tested and treated contaminated soil and water samples at seven hazardous waste sites throughout Italy and is in various stages of contract negotiations for remediation contracts.
Two additional Syndial site projects are pending, attesting not only to the success at the Ravenna site, but to Syndial's commitment to the MBS technology. Syndial has identified nineteen sites in need of remediation.
Based in Rome, Syndial is one of Europe's largest companies, employing more than 80,000 persons in more than 70 countries. Syndial represents an important international alliance and provides Solucorp with a worldwide stage from which to showcase its innovative technologies.
Solucorp's Italian operation is expanding to meet the ever growing interest in and demand for its technologies. Theodore Wille Intertrade, GmBH, a European purchasing conglomerate, visited the Ravenna site and introduced the Venezia site opportunity to Solucorp. The potential remediation of that site alone represents an estimated $16+ million in revenue to Solucorp. The success of the Ravenna site, when added to the remediation requirements of the European Union and Italian government, set the stage for expanded use of Solucorp's innovative technologies throughout Italy and the rest of Europe.
They must be feeling pretty confident to publically anounce their future plan even before the analysis is complete.
"After completion of the program and the analysis of results, which will be made public, a follow-up field campaign expected to consist of trenching with collection of large weight samples for micro-diamond analysis will be undertaken."
OUCH...sounds like another disgruntle shareholder. Trucks I hope you are right and not another scam pumper. I had some luck this year with FMNJ, although I sold too soon. I would like DMXP to give us more communication though and not rely on message boards.
Is it time to LOAD up the truck??? DMXP must have something if DeBeers is sniffing around. JMO
Solucorp Completes Development of Self Remediating Paint Filters -- Expands Sales Licensing Network
Solucorp Industries Ltd. announced today positive independent test results and the completion of development of the first "water activated" self remediating paint booth filters. The highly cost effective self-remediating paint filters eliminate the need for disposal of the filters as hazardous waste.
Developed by Solucorp Industries Ltd.'s wholly owned subsidiary Integrated Fixation System Co., Inc. (IFS), the filters have undergone extensive independent testing and assessment by two certified laboratories. The results clearly verified the filter's efficacy by repeatedly demonstrating that metals captured by the filters during the paint application process, once activated by water, were rendered inert. The filter passed the U.S. Environmental Protection Agency's (EPA) Toxicity Characteristics Leachate Procedure (TCLP) and can therefore be disposed of as non-regulated, hazardous, debris. For the first time, Solucorp's filters eliminate hazardous disposal fees of as much as $8.00 per filter. Utilization of the new self-remediating filters also reduces the related liability for users associated with hazardous waste disposal and serves as a major facilitator for a greener environment.
Richard Runco, President of Solucorp Industries Ltd., stated, "Self-remediating paint filters represent a win on all fronts - good for business and good for the environment. Our goal is to provide these self-remediating filters at a cost which is only slightly above the cost of ordinary non-remediating filters while providing the additional benefit of saving the user high disposal expense and other costs associated with hazardous waste disposal (such as liability insurance, legal fees, regulatory filings, etc.).
"Although the size of the world market for filter disposal is not easily quantifiable, we understand that one large aircraft manufacturer alone reportedly spends $17 million per year in total hazardous waste disposal, and we estimate over $5 million of that is spent on paint booth filter disposal. The use of the IFS filter would completely eliminate this disposal cost, resulting in significant bottom line improvement for the user," Runco said.
Paint booth filters are used extensively by both the military and private industries throughout the world. Common uses include painting of airplanes, railcars, automobiles and military vehicles.
The IFS product line provides environmentally friendly ("green") consumer and commercial products for the prevention of pollution at the source. Other IFS self-remediating products include LEAD-OUT Paint Stripper - which successfully strips and stabilizes hazardous lead upon contact allowing for disposal at non-hazardous landfills.
The IFS technology was developed as an extension of Solucorp's EPA Super Innovative Technology Evaluation (SITE) Program-proven Molecular Bonding System(R) (MBS) process. The IFS technology consists of various patented proprietary delivery systems that can be integrated into many types of products to remediate existing problems on contact. IFS technology can also be built into manufacturing lines to stop pollution at the source, never allowing the metal contamination to occur. IFS products will prevent future contamination from metals such as lead, mercury, arsenic, chromium (hex or tri), cadmium, zinc, nickel, selenium, antimony, barium, beryllium, silver, thallium and vanadium.
IFS can also be added to pollutant-bearing products such as batteries, paint strippers, bullets, filters, computers, lamps, switches appliances, etc. IFS can be applied through a multitude of delivery systems such as solids and non-solids. The solid compound delivery system includes blocks, tablets, spikes and flakes. Some examples of non-solid delivery systems include laminates, inks, pastes, powders, gels and slurries. IFS can be designed to activate and release under conditions such as exposure to water, weather, light, pressure, acids, natural oxidation, etc. IFS has no limitations in how and where it can be integrated into metal containing products. Customized products can be designed and manufactured to meet specific needs.
Solucorp has applied for nine patents of which three have been issued and six have reached "patent pending status." The Company has developed numerous prototypes for additional patents utilizing its proprietary formulas into plastics, cardboards, liquids and gels. The IFS product lines are designed to completely eliminate metals pollution from the environment by working with manufacturers and the related remediation industries.
Solucorp is actively seeking licensees for remaining open sales territories in the U.S. and abroad. Interested parties can contact Ed Ceccacci, V.P. Operations, at (845) 623-2333. Solucorp has implemented a territorial licensing program for its IFS products both in the U.S. and throughout the world which has already attracted a number of sales and distribution companies which in turn have already signed licensing agreements.
About Solucorp Industries, Ltd.
Solucorp Industries, Ltd., (SLUP.PK) (www.solucorpltd.com) is a developer and provider of patented, cost effective and permanent technologies for the remediation and prevention of hazardous heavy metal contamination. Solucorp operates three wholly owned subsidiaries: Solucorp Industries, Integrated Fixation System Company Inc., and WITS, Inc.
The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult licensed professionals prior to making an investment decision.
Martin E. Janis & Company, Inc.
Beverly Jedynak, 312-943-1100 ext. 12
trucks...can u shed a little light because the light looks very dim right now.
trucks...what's going on with DMXP????
NY seeks to cut mercury emissions from coal plants
Maybe SLUP should hook up with Pataki
Fri May 26, 2006 11:17 AM ET
NEW YORK, May 26 (Reuters) - New York Gov. George Pataki proposed rules to reduce mercury emissions from the state's coal-fired power plants that are more stringent than proposed federal mercury reduction rules.
In a release late Thursday, the governor, a Republican, said the state Department of Environmental Protection would propose a two-phase regulation that would reduce mercury emissions by about 50 percent from current levels by Jan. 1, 2010 and 90 percent by Jan. 1, 2015.
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PRESS DIGEST - New York Times business - June 1
Mercury is a toxic pollutant released into the air and water after coal is burned that can damage the nervous system and kidneys.
In the first phase of the plan, the state would establish a mercury emissions cap of 786 pounds. New York would not allow the owners of the state's coal plants to trade mercury allowances among themselves or with other states.
The U.S. Environmental Protection Agency last year proposed a cap-and-trade program to reduce mercury emissions, known as the Clean Air Mercury Rule (CAMR).
Cap and trade is a market-based policy that sets a cap, or maximum limit, on emissions that usually decline over time. The policy allocates emission allowances to the power plants limited by the cap.
Generators can meet the increasingly stringent reduction requirements by purchasing allowances, installing pollution control equipment, changing to cleaner burning coal supplies or shutting older facilities, among other things.
New York and several other states, however, have complained the federal proposal was does not do enough to protect public health and the environment, and decided to adopt their own mercury reduction standards.
In the second phase of the state plan, New York would implement a unit-based limit for each generating facility. In conjunction with the first phase, the state estimated the plan would result in an estimated 90 percent decrease in mercury emissions from current levels to just about 150 pounds per year or less.
There are about 4,800 megawatts of coal-fired generation in New York, representing about 11 percent of the state's generating capacity. All but two of the big units (over 100 MW), owned by AES Corp. (AES.N: Quote, Profile, Research), Dynegy Inc. (DYN.N: Quote, Profile, Research), Mirant Corp. (MIR.N: Quote, Profile, Research) and NRG Energy Inc. (NRG.N: Quote, Profile, Research), entered service in the 1950s and 1960s. One megawatt powers about 800 homes.
New York said it would phase in its mercury program with the federal government's 2005 Clean Air Interstate Rule (CAIR), which requires additional reductions in nitrogen oxide (NOx) and sulfur dioxide (SO2) pollutants over earlier federal smog and acid rain reduction programs.
syracuseo...I wouldn't say I am not convinced. I had owned FMNJ for over a year. I had 2.5 million shares at .003. I am out but monitor the name still for news. I may have got out a little prematurely but I had a hard time justifying such a large amount of shares. I wish all of you a lot of success but I am a little skepticle of the news. I have seen a lot of action here for the past 2 months and can't help but wonder about the pumpers.
Actually I could go for a speedie, coney from heids and a Twin trees pizza
syracuseo... point exactly
"Do you have any sense or understanding of what a "Joint Venture" is?? Since I need to explain... it means that FMNJ and COMIBOL will SHARE EXPENSES for the mining."
Where is FMNJ $$$ coming from?????
syracuseo...do you really think Bolivia is going to hand over any % to FMNJ for doing nothing?
"the FMNJ silver play offers potential of 2 Billion ounces of silver @ around $14/oz, and growing."
"the FMNJ oil & gas play offers potential of refining, domestic and export sales of 10,000+ barrels per day @ $70/barrel and growing ."
Give me a break pumper. In Novembers newsletter Jaime was ready to do a reverse stock split. Now no mention because all you pumpers are allowing Jaime to sell his shares to the market. What kind of Gov't or Company allows another company to kick back and earn market prices on its asset without any capital contribution or risk? Especially Bolivia you fool.
Now lets talk about your statement...
"If you have a 1st grade education, do the math of each and that is the speculative potential of FMNJ"
Keep pumping for Jaime.
Sorry dude... companies do not release inside information to shareholders before they report. Use some common sense. Pink Sheet or not, CEO's would be held liable. They do not know who you are. They are not going to give inside information to a guy that comes himself historyreflectstruth.
Ranzy...1.8 billion shares outstanding. How much is FMNJ going to profit from being the contractor for building a new plant? How much is FMNJ going to profit from Bolivia mining their own silver?? I can't even speculate. Do they get a % of every ounce of silver? I don't really think so. Maybe they get a fee. We need to know what profit potential this has. There is way too much speculation that FMNJ cash flow is going to be huge. How many employees does FMNJ have? What is Jaime's salary? What amount comes back to the shareholders, if anything?