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MMRF NEWS --
LOS ANGELES, CA, Oct 19, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (MMR) today announced that it has entered into an agreement with
Chartis to offer its energy casualty clients a suite of secure, online products
that will allow their employees to manage critical, sensitive information such
as medical, financial and vital records. The Chartis insurers will offer this
service as part of their Global Marine and Energy workers' compensation
policies. The program will be offered to policyholders starting later this month
at www.chartisinsurance.com/mmr.
Powered by MMRGlobal using its MyMedicalRecords technology (www.mmrvideos.com),
clients' employees and their families will be able to store and manage their
medical records and personal health information, including lab reports, X-rays
and scanned images, wellness tools and family health history, in a secure,
encrypted Web-based application that can be accessed 24/7 from anywhere in the
world using the Internet. The program will also allow for storage of other
important documents, such as passports, deeds of trust and wills.
"At a time when the world is spending hundreds of billions of dollars on health
information technology, I am proud that MMRGlobal is working with a company that
is first to deploy personal health records in their industry," said Robert H.
Lorsch, Chairman and CEO of MMRGlobal. "As part of the program launch, MMR
produced a training video featuring MMRGlobal Advisory Board member, Astronaut
Buzz Aldrin, who joins Tom Morelli, President of the Global Marine and Energy
Casualty Division of Chartis, to demonstrate how to utilize MMR's proprietary
personal health record products to employees and agents."
"As part of an ongoing commitment to support our clients, we will expand our
offerings as their needs evolve. We are very excited to offer our energy
business clients this new benefit," said Mr. Morelli.
In addition to a comprehensive file management system, each personal health
record will feature a separate emergency log-in that will allow first res ponders
and other medical personnel to access potentially life-saving information such
as blood type, medications and allergies.
For more information on the electronic personal health records program, please
visit www.mymedicalrecords.com.
About Chartis
Chartis is a world leading property-casualty and general insurance organization
serving more than 45 million clients in over 160 countries and jurisdictions.
With a 90-year history, one of the industry's most extensive ranges of products
and services, deep claims expertise and excellent financial strength, Chartis
enables its commercial and personal insurance clients alike to manage virtually
any risk with confidence. Chartis is the marketing name for the worldwide
property-casualty and general insurance operations of Chartis Inc. For
additional information, please visit our website at
http://www.chartisinsurance.com.
All products are written by insurance company su bsidiaries or affiliates of
Chartis Inc. Coverage may not be available in all jurisdictions and is subject
to actual policy language. Non-insurance products and services may be provided
by independent third parties. Certain coverage may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate in state
guaranty funds and insureds are therefore not protected by such funds.
About MMRGlobal
MMRGlobal, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. (MMR), provides secure and easy-to-use online personal
health records (PHRs) and electronic safe deposit box storage solutions that
enable individuals and families to maintain and access all their medical records
and other important documents anytime from anywhere in the world using the
Internet. The MyMedicalRecords Personal Health Record is built on proprietary,
patented technologies to allow documents, images and voicemail messages to be
transmitted and stored in the system using a variety of methods, including fax,
phone, or file upload without relying on any specific electronic medical record
platform to populate a user's account. The Company's professional offering,
MMRPro, is designed to give physicians' offices an easy and cost-effective
solution to digitizing paper-based medical records and sharing them with
patients in real time through an integrated patient portal. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated turnkey
EMR solution for healthcare professionals. MMR is also an integrated service
provider on Google Health. To learn more about MMRGlobal, Inc. and its products,
visit www.mmrglobal.com.
Forward-Looking Statements
Any statements contained in this press release that refer to future events or
other non-historical matters are forward-looking statements, and some can be
identified by the use of words (and their derivations) such as "need,"
"possibility," "offer," "development," "if," "negotiate," "when," "begun,"
"believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and
"continue." MMRGlobal, Inc. and Chartis disclaim any intent or obligation to
update any forward-looking statements. These forward-looking statements are
based on the reasonable expectations of both parties as of the date of this
press release and are subject to risks and uncertainties that could cause actual
results to differ materially from current expectations. The information
discussed in this release is subject to various risks and uncertainties related
to changes in MMRGlobal's relationship with Chartis, the parties' business
prospects, results of operations or financial condition, government regulations
and such other risks and uncertainties as detailed from time to time in
MMRGlobal's and Chartis' public filings with the U.S. Securities an d Exchange
Commission.
CONTACT:
Bobbie Volman
MMRGlobal, Inc.
(310) 476-7002, Ext. 7015
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:bvolman@mmrmail.com
mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
Medical and Healthcare:Facilities and Providers
&n bsp; Lifestyle and Leisure:Family
Computers and Software:Software
BMAS has joined the Level II box at .01/.25. I don't care much for its bid, but its ask is nice.
Somebody's accumulating and has been for a month or so. Go CHAG!
NEWS --
DANVILLE, Calif., Oct 13, 2010 (GlobeNewswire via COMTEX) -- S3Investment
Company, Inc. (Pink Sheets:SIVC) today announced that the company's
RedwoodGroup International subsidiary has formed a risk investigation and evaluation
division as part of Redwood's overall company subsidiary expansion, which is
designed to increase its revenue streams and provide additional synergistic
services to clients in the greater China region, including Mongolia. The Redwood
subsidiary expansion has included the opening of new offices in Ulaanbataar,
Mongolia and Hong Kong as well as the establishment of the Redwood Asia Fund LP,
a private equity fund which was formed to facilitate faster capital response to
the financing needs of Redwood Capital clients and greater participation in
clients' future growth.
The purpose of the new Redwood division is to make risk evaluation for its
clients more accurate and objective; to assist investors in the selection of
high quality projects; to identify and control project risks; to lower the
project risks costs; and to speed up the investment and financing prog ress.
Through its many years experience engaged in the investment business, Redwood
Capital has accumulated significant knowledge in the areas of personal and
company background, credit and investment risk factor investigation and
evaluation, and has formed an investigation network throughout China with an
outstanding staff of investigators and risk consultants.
Redwood has developed very positive relationships and partnerships with related
departments of local government, industry associations, leading financial media,
financial organizations, and insurance organizations. It has built regional
cooperation teams throughout China, which include but are not limited to local
legal and accounting firms that further expand the company's network with
diversified information access. Redwood has also established long-term
relationships with many information database platforms, which broadens its
search database.
"The need for ris k investigation and evaluation services in China's investment
landscape is acute, and by providing scientific, systematic and objective
analysis of companies and their management teams, Redwood will allow investors
to make the most prudent investment decisions possible," stated Jim Bickel,
Chairman and CEO of S3 Investment Company. "Knowing China's business landscape
and having a network of government, industry, media, insurance and other key
contacts, positions this new Redwood division to be the obvious choice for
investors seeking only the best investment opportunities in Chinese companies.
This new division will also broaden Redwood's reach in the China investment
market, providing additional opportunities for all Redwood subsidiaries."
To sign up to receive information by email directly from S3 Investment Company
when new press releases, investor newsletters, SEC filings or other information
is disclosed, please visit http://www.s 3investments.com/investors/.
About S3 Investment Company, Inc.
S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group
International subsidiary are focused on facilitating the success of several
subsidiaries operating in the China market. Redwood Capital, Inc. assists
private Chinese companies in accessing the North American capital markets by
utilizing a network of investment banking relationships to achieve reverse
merger transactions. For more information, please visit
http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to
import and distribute Western medical technologies and products into the China
market.
Any statements contained herein related to future events are forward-looking
statements and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on forward-looking statements. S3 Investment Company, Inc.
undertakes no obligation to update any such statements to reflect actual events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: S3 Investment Company, Inc.
By Staff
CONTACT: CONTACT: S3 Investment Company
Investor Relations
951-200-4107
investors@s3investments.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: INSURANC E
MEDICAL
INTERNATIONAL
Product Services Announcement
MMRF NEWS --
LOS ANGELES, CA, Oct 13, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) unveiled today its newly-designed MyEsafeDepositBox virtual
lock-box storage solution for sale direct to consumers and through the financial
and legal services industries at www.myesafedepositbox.com. The product is
designed to expand the Company's market by increasing sales through securely
storing any document, including insurance policies, passports, bank statements,
deeds of trust, birth and marriage certificates, living wills, powers of
attorney, photos of family and property, personal inventories, receipts and
other emergency documents including Personal Health Records (PHRs) for use when
traveling or in the event of a disaster. The homepage features a video
presentation by Company spokesperson and actress Kira Reed.
According to Robert H. Lorsch, MMRGlobal's Chairman and CEO, "MyEsafeDepositBox
is a product that everyone can use, and should. This is an 'every person's
version' of the Company's MyMedicalRecords service (www.mmrvideos.com) and is
designed to exploit MMRGlobal's technologies to the broadest possible market.
While the Company continues its significant quarter over quarter growth from
usage of our Personal Health Records products, MyEsafeDepositBox offers the
features and functionality of MyMedicalRecords to a larger audience through any
Internet-connected computer as well as the telephone with a personal voice and
fax messaging number included free with every account."
The new release builds on the market established by the Company's
MyMedicalRecords Personal Health Record, reflecting a more contemporary look to
attract a broader base of younger consumers whose common interests are focused
on safety, security and financial issues in addition to personal health. Both
MyEsafeDepositBox and MyMedicalRecords are built on an integrated
telecommunications platform using MMRGlobal's patented technologies that enable
protected information to be securely transmitted via Internet, fax and phone to
one central online account where it can be accessed and shared anytime from
anywhere in the world over the Internet.
MyEsafeDepositBox continues to provide organizations and members the highest
assurance of network security to protect user data. The Company offers a million
dollar Cyber Liability Insurance Policy A-rated by A.M. Best that helps protect
its users from actual loss or damage caused by errors in the Company's system.
Coverage can also extend to MMRGlobal's private label corporate customers who
offer the MyEsafeDepositBox service to their employees, clients and affiliate
group members. Additionally, MyEsafeDepositBox offers high-touch personal
service through a toll-free number that connects users with a customer care
representative in addition to 24/7 online help.
MMRGlobal recently debuted an initiative to sell its consumer products to travel
procurement groups and employers. The Company believes that MyEsafeDepositBoxshould reinforce that initiative while also targeting the safety and security of
employees who travel globally, particularly expats.
About MMRGlobal, Inc. MMR Global, Inc., through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use
online Personal Health Records ("PHRs") and electronic safe deposit box storage
solutions, serving consumers, healthcare professionals, employers, insurance
companies, financial institutions, and professional organizations and affinity
groups. MyMedicalRecords enables individuals and families to access their
medical records and other important documents, such as birth certificates,
passports, insurance policies and wills, anytime from anywhere using the
Internet. The MyMedicalRecords Personal Health Record is built on proprietary,
patented technologies to allow documents, images and voicemail messages to be
transmitted and stored in the system using a var iety of methods, including fax,
phone, or file upload without relying on any specific electronic medical record
platform to populate a user's account. The Company's professional offering,
MMRPro, is designed to give physicians' offices an easy and cost-effective
solution to digitizing paper-based medical records and sharing them with
patients in real time through an integrated patient portal. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated turnkey
EMR solution for healthcare professionals. MMR is also an integrated service
provider on Google Health. To learn more about MMRGlobal, Inc. and its products,
visit www.mmrglobal.com.
Forward-Looking Statements Any statements contained in this press release that
refer to future events or other non-historical matters are forward-looking
statements, and some can be identified by the use of words (and their
derivations) such as "need," "possibility," "offer," "development," "if,"
"negotiate," "when," "begun," "believe," "achieve," "will," "estimate,"
"expect," "maintain," "plan," and "continue." MMRGlobal, Inc. disclaims any
intent or obligation to revise or update any forward-looking statements. These
forward-looking statements are based on MMRGlobal, Inc.'s reasonable
expectations as of the date of this press release and are subject to risks and
uncertainties that could cause actual results to differ materially from current
expectations. The information discussed in this release is subject to various
risks and uncertainties related to changes in MMRGlobal, Inc.'s business
prospects, results of operations or financial condition, government regulation,
and such other risks and uncertainties as detailed from time to time in
MMRGlobal, Inc.'s public filings with the U.S. Securities and Exchange
Commission.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Financial Services:Insurance
Lifestyle and Leisure:Family
Retail:E-Commerce
Professional Services: General
Professional Services:Accounting, Audi t and Tax
NEWS --
NEW YORK, NY, Oct 06, 2010 (MARKETWIRE via COMTEX) -- The Toronto Film Festival
buzz-title "Girlfriend" and a Spring 2011 family production have been added to
the film release roster of Hannover House, the enter tainment division of Target
Development Group, Inc., (PINKSHEETS: TDGI). "Girlfriend" will be launched in
theaters in New York and Los Angeles in December, as a qualifying condition for
2010 awards consideration, with a theatrical release expansion planned for late
January 2011.
Produced by Beverly Hills-based Wayne/Lauren Film Company in association with
PatchMo Entertainment, "Girlfriend" introduces Evan Sneider, the first actor
with Down syndrome to be cast as a leading man in an American film. Sneider's
star-making performance is supported by Amanda Plummer ("Pulp Fiction"), Jackson
Rathbone (the "Twilight" saga) and Shannon Woodward (from the acclaimed new Fox
TV comedy "Raising Hope") in the title role. "Girlfriend" was written and
directed by Justin Lerner.
"Daddy's Little Hero" is a live-action, family-appeal feature which commences
production in April 2011 under the helm of director Andrew Parke. Based on a
story by Joseph A. Schilling, the PG-level adventure features a nine-year-old
boy whose heroic actions save the family farm and the lives of dozens of rural
neighbors. Financing for the film is being provided through SGP Ventures, LLC,
with Hannover House handling worldwide distribution, sales and licensing.
Casting is underway, and is expected to draw several high-profile stars in key
roles.
"As Hannover House expands our distribution to include international sales and
licensing, our early attachment and acquisition of new productions will fuel our
new foreign activities," said Eric Parkinson, C.E.O. of Hannover House and
Target Development Group, Inc. "We will continue to acquire North American
rights to completed films as our primary and core film distribution business.
But for privately funded new productions, we are more willing to attach the
company at a pre-production stage in order to also secure the international
rights."
Han nover House also announced that a revision and update of the company's film
library valuation report had commenced, in order to accommodate both the rise in
Blu-Ray and Video-On-Demand revenues, as well as to adjust the company's prior
forecasts for DVD revenues in a declining retail market. A current and
independently reviewed library valuation report is a requirement for completion
of the company's audit activities underway with Hogan-Taylor, covering 2008 and
2009, with a review for the first three quarters of 2010.
"Our film library is by far the highest value asset on the company's balance
sheet," said Parkinson. "We agree that a current valuation that considers
Blu-Ray and V.O.D. revenues is a necessary item for a proper audit and filing,
and we are taking the steps to expedite the fulfillment of this request."
For more information on Hannover House contact:
LAUREN STERLING or ERIC PARKINSON
Hannover House
479-751-4500 / 818-481-5277
Lauren@HannoverHouse.com
HannoverHouse@aol.com
SOURCE: Target Development Group, Inc.
CONTACT: mailto:Lauren@HannoverHouse.com
mailto:HannoverHouse@aol.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Media and Entertainment:Books and Publishing
Media and Entertainment:Movies
Media and Entertainment:Television
MMRF NEWS --
LOS ANGELES, CA, Oct 06, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (MMR) anno unced today that its MMR Stimulus Program will be
expanded to include the MMRPro Insurance Advance Program. This program is an
expansion of the existing MMRPro Stimulus Program launched in the first quarter
of 2010 which rewards MMRPro users when their patients upgrade to the
MyMedicalRecords Personal Health Record.
The Insurance Advance Program is designed to help MMRPro healthcare
professionals smooth out cash flow during their transition to achieving
meaningful use. MMRPro users will be paid advances on the uncollected commercial
third-party amounts they billed each preceding week to the extent permitted by
federal and state laws and regulations. They must use an MMRGlobal approved
Stage 1-Certified Meaningful Use practice management and billing system to be
eligible to receive payments under the MMRPro Stimulus Insurance Advance
Program. The program will be part of the Company's previously announced plans to
offer one or more EM R products, which could include applications for iPad and
PC-based platforms in addition to its MMRPro and MyMedicalRecords Personal
Health Record products.
"We recognize that converting an existing billing system to one that enables the
practice to achieve meaningful use could affect a practice's cash flow, which
could also affect the lifeblood of the practice," said Robert H. Lorsch,
Chairman and CEO of MMRGlobal. "One of the largest problems doctors and
hospitals face today is reimbursement for their services. Our goal is to assist
doctors, hospitals and medical groups in maintaining control of their finances
while transitioning to meaningful use at the same time healthcare reform is
being implemented."
Additionally, MMRPro users and their patients continue to receive protection
under MMRGlobal's million dollar Cyber Liability Insurance Policy, which, among
other things, protects healthcare professionals using MMRPro defend t hemselves
in the event of a violation of the expanded HIPAA regulations under the Health
Information Technology for Economic and Clinical Health Act (HITECH).
The underlying Cyber Liability policy is underwritten by an A-rated insurance
company by A.M. Best to cover damages arising from the use and deployment of the
Company's personal and professional health record products and services. The
coverage extends to MMRGlobal's corporate clients that offer MMR's products and
services as an employee benefit and to individuals who sign up to receive MMR's
services over the Internet.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and profe ssional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important documents, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Record is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR s olution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit www.mmrglobal.com.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature
constitute "forward-looking statements." Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause the
Company's actual results to be materially different from historical results or
from any results expressed or implied by such forward-looking statements. Some
can be identified by the use of words (and their derivations) such as "need,"
"possibility," "offer," "development," "if," "negotiate," "when," "begun,"
"believe," "achieve," "help," "will," "estimate," "expect," "maintain," "plan,"
and "continue," or the negative of these words. Factors that could cause or
contribute to such differences inclu de, but are not limited to, the risk the
Company's products and programs are not adopted or viewed favorably by the
healthcare community; risks related to the current uncertainty and instability
in financial and lending markets, including global economic uncertainties;
variations in our quarterly operating results; timing and volume of sales and
installations; length of sales cycles and the installation process; market
acceptance of new product and program introductions; ability to establish and
maintain strategic relationships; ability to identify and integrate
acquisitions; relationships with licensees; competitive product offerings and
promotions; changes in government laws and regulations and future changes in tax
legislation and initiatives in the healthcare industry; undetected errors in our
products; possibility of interruption at our data centers; risks related to
third party vendors; risks related to obtaining and integrating thir d-party
licensed technology; acceptance of the Company's marketing and promotional
campaigns; risks related to a security breach by third parties; maintaining,
developing and defending our intellectual property rights including those
pertaining to our biotechnology assets; risks associated with recruitment and
retention of key personnel; uncertainties associated with doing business
internationally across borders and territories; and additional risks discussed
in the Company's filings with the Securities and Exchange Commission.
Additionally, we are a developing early-stage company and many variables can
affect revenues and/or projections, including factors out of our control. The
Company is providing this information as of the date of this release and, except
as required by law, does not undertake any obligation to update any
forward-looking statements contained in this release as a result of new
information, future events or otherwise.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Financial Services:Commercial and Investment Banking
Financial Services:Insurance
Financial Services:Investment Services and Trading
Professional Services:Investor Rela tions
Medical and Healthcare:Healthcare
Professional Services:Advertising, PR and Marketing
Medical and Healthcare:Facilities and Providers
NEWS --
LOS ANGELES, CA, Oct 06, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (MMR) anno unced today that its MMR Stimulus Program will be
expanded to include the MMRPro Insurance Advance Program. This program is an
expansion of the existing MMRPro Stimulus Program launched in the first quarter
of 2010 which rewards MMRPro users when their patients upgrade to the
MyMedicalRecords Personal Health Record.
The Insurance Advance Program is designed to help MMRPro healthcare
professionals smooth out cash flow during their transition to achieving
meaningful use. MMRPro users will be paid advances on the uncollected commercial
third-party amounts they billed each preceding week to the extent permitted by
federal and state laws and regulations. They must use an MMRGlobal approved
Stage 1-Certified Meaningful Use practice management and billing system to be
eligible to receive payments under the MMRPro Stimulus Insurance Advance
Program. The program will be part of the Company's previously announced plans to
offer one or more EM R products, which could include applications for iPad and
PC-based platforms in addition to its MMRPro and MyMedicalRecords Personal
Health Record products.
"We recognize that converting an existing billing system to one that enables the
practice to achieve meaningful use could affect a practice's cash flow, which
could also affect the lifeblood of the practice," said Robert H. Lorsch,
Chairman and CEO of MMRGlobal. "One of the largest problems doctors and
hospitals face today is reimbursement for their services. Our goal is to assist
doctors, hospitals and medical groups in maintaining control of their finances
while transitioning to meaningful use at the same time healthcare reform is
being implemented."
Additionally, MMRPro users and their patients continue to receive protection
under MMRGlobal's million dollar Cyber Liability Insurance Policy, which, among
other things, protects healthcare professionals using MMRPro defend t hemselves
in the event of a violation of the expanded HIPAA regulations under the Health
Information Technology for Economic and Clinical Health Act (HITECH).
The underlying Cyber Liability policy is underwritten by an A-rated insurance
company by A.M. Best to cover damages arising from the use and deployment of the
Company's personal and professional health record products and services. The
coverage extends to MMRGlobal's corporate clients that offer MMR's products and
services as an employee benefit and to individuals who sign up to receive MMR's
services over the Internet.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and profe ssional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important documents, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Record is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR s olution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit www.mmrglobal.com.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature
constitute "forward-looking statements." Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause the
Company's actual results to be materially different from historical results or
from any results expressed or implied by such forward-looking statements. Some
can be identified by the use of words (and their derivations) such as "need,"
"possibility," "offer," "development," "if," "negotiate," "when," "begun,"
"believe," "achieve," "help," "will," "estimate," "expect," "maintain," "plan,"
and "continue," or the negative of these words. Factors that could cause or
contribute to such differences inclu de, but are not limited to, the risk the
Company's products and programs are not adopted or viewed favorably by the
healthcare community; risks related to the current uncertainty and instability
in financial and lending markets, including global economic uncertainties;
variations in our quarterly operating results; timing and volume of sales and
installations; length of sales cycles and the installation process; market
acceptance of new product and program introductions; ability to establish and
maintain strategic relationships; ability to identify and integrate
acquisitions; relationships with licensees; competitive product offerings and
promotions; changes in government laws and regulations and future changes in tax
legislation and initiatives in the healthcare industry; undetected errors in our
products; possibility of interruption at our data centers; risks related to
third party vendors; risks related to obtaining and integrating thir d-party
licensed technology; acceptance of the Company's marketing and promotional
campaigns; risks related to a security breach by third parties; maintaining,
developing and defending our intellectual property rights including those
pertaining to our biotechnology assets; risks associated with recruitment and
retention of key personnel; uncertainties associated with doing business
internationally across borders and territories; and additional risks discussed
in the Company's filings with the Securities and Exchange Commission.
Additionally, we are a developing early-stage company and many variables can
affect revenues and/or projections, including factors out of our control. The
Company is providing this information as of the date of this release and, except
as required by law, does not undertake any obligation to update any
forward-looking statements contained in this release as a result of new
information, future events or otherwise.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Financial Services:Commercial and Investment Banking
Financial Services:Insurance
Financial Services:Investment Services and Trading
Professional Services:Investor Rela tions
Medical and Healthcare:Healthcare
Professional Services:Advertising, PR and Marketing
Medical and Healthcare:Facilities and Providers
NEWS --
DANVILLE, Calif., Oct 5, 2010 (GlobeNewswire via COMTEX ) -- S3 Investment
Company, Inc. (Pink Sheets:SIVC) today announced that as part of the expansion
of the company's subsidiary operations in China, a Redwood office has been
established in Hong Kong. The new office will provide the company's Redwood
subsidiaries another location in Asia to support the ongoing expansion of
operations, including the work of its private equity fund, The Redwood Asia
Fund, LP.
"Hong Kong is a vitally important market for Asian and global investment, and we
are pleased to have established a physical presence for The Redwood Asia Fund in
that city," said S3 Investment Company Chairman and CEO Jim Bickel. "The Hong
Kong office is another positive step in the expansion of our Redwood subsidiary
operations in China and other Asian markets. With offices in Beijing, Hong Kong,
Ulaanbataar, Mongolia, and the United States, Redwood has the capabilities to
provide services to an expanding client base. Our focus on Redwood Capital, The
Redwood Asia Fund, and Redwood Medical also provides us with the impetus to
undertake the planned re-branding of S3 under the Redwood name. We expect to
announce the specifics of this initiative very shortly."
S3 recently posted its Annual Report for the period ended June 30, 2010 to the
OTC Markets website at www.otcmarkets.com. By posting the Annual Report within
the required timeframe, the Company has maintained its "Current Information"
status through the site.
The Annual Report included updates on the activities of the company's
subsidiaries operating in Asia, including: Redwood Capital's work on behalf of
its current clients and the strengthening of its pipeline of additional
projects; Redwood Medical's progress in securing additional regulatory approvals
for the first product it will distribute in the China market; and the launch of
The Redwood Asia Fund. The report also provides additional details o n the
workings of the Fund, which carries a two percent management fee and twenty
percent carry and is designed to seek portfolio investments of
small-medium-enterprises (SMEs) or formerly state-owned enterprises (SOEs) from
Redwood Capital, Inc. and through established sources within China. The fund
will provide viable exit strategies for its portfolio companies through Redwood
Capital, Inc.'s network of partnerships such as investment banks, through either
an APO (Alternative Public Offering) or an IPO (Initial Public Offering).
Additional information on the Fund's goals, characteristics of its targeted
portfolio companies and targeted market sectors and subsectors are included on
page 6 of the Annual Report.
"I encourage all shareholders to read our posted Annual Report," said Mr.
Bickel. "It provides more detailed information on all of our subsidiary
operations, which is where the Company's revenues and assets are generated. The
ongoing expansion of our subsidiary structure is providing Redwood with more
opportunities in China and the other markets where these companies will operate,
and we look forward to announcing additional information as the expansion
continues."
To sign up to receive information by email directly from S3 Investment Company
when new press releases, investor newsletters, SEC filings or other information
is disclosed, please visit http://www.s3investments.com/investors/.
About S3 Investment Company, Inc.
S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group
International subsidiary are focused on facilitating the success of several
subsidiaries operating in the China market. Redwood Capital, Inc. assists
private Chinese companies in accessing the North American capital markets by
utilizing a network of investment banking relationships to achieve reverse
merger transactions. For more information, ple ase visit
http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to
import and distribute Western medical technologies and products into the China
market.
Any statements contained herein related to future events are forward-looking
statements and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on forward-looking statements. S3 Investment Company, Inc.
undertakes no obligation to update any such statements to reflect actual events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: S3 Investment Company, Inc.
By Staff
CONTACT: CONTACT: S3 Investment Company
Investor Relations
951-200-4107
investors@s3investments.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: INTERNATIONAL
CORPORATE
Company Announcement
NEWS --
PAMPA, Texas, Oct 04, 2010 (BUSINESS WIRE) -- Chancellor Group, Inc. (OTCBB:
CHAG), a Texas-based oil and gas producer, announced today an increase in its
oil production of approximately 20 percent.
Chancellor Chairman , Maxwell Grant, said today that 3 of the additional 16 wells
bought in May were now producing.
"The three wells combined are pumping approximately 8 barrels of oil per day
(BOPD), seven days a week," Mr. Grant said.
"This equates to about a 20 percent increase.
"Whereas there are no production guarantees in the oil industry, we have allowed
time to have passed what is normally called, 'flush' production when wells are
brought back on after being shut in for some time.
"We still have another 12 wells to re-enter (one is a salt-water disposal well)
and are optimistic about further possible production increases.
"There is also potential for increased gas production."
Chancellor has a fully-bonded operator's license with the Texas Railroad
Commission through its fully-owned subsidiary, Gryphon Production Company, LLC.
For fuller information on both companies see Chancellor's filings at
www.sec.gov.
Safe Ha rbor Statement:
This Media release contains statements which may constitute "forward-looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. Those statements include statements regarding the intent, belief or
current expectations of Chancellor Group, 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. Important factors currently known to management that
could cause actual results to differ materially from those in forward-statements
include fluctuation of operating results, the ability to compete successfully
a nd the ability to complete before-mentioned transactions. 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.
SOURCE: Chancellor Group, Inc.
CONTACT:
Chancellor Group, Inc.
Pamela McDowell, 806-688-9396
shareholders@TheChancellorGroup.com
Copyright Business Wire 2010
-0-
KEYWORD: United States
North America
Texas
INDUSTRY KEYWORD: Energy
&n bsp; Oil/Gas
SUBJECT CODE: Product/Service
NEWS --
POMPANO BEACH, Fla., Sep 29, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
(Pink Sheets: CYPW) has received a purchase order from its licensee Phoenix
Power Group (PPG) for two waste oil power generators. The renewable power
systems are scheduled to be delivered by the end of the year for field testing
with PPG's nationwide distributor, Clean Burn, the world leader in waste oil
furnaces and boilers.
The new Phoenix 10kW waste oil generator will be powered by Cyclone's WHE-25
engine -- a compact, scalable waste heat engine -- using a specially designed,
clean emissions combustion chamber. The "Phoenix 10", which is expected to be in
limited commercial production in early 2011, will allow thousands of oil change
and drop-off locations to recycle their waste motor oil in an
environmentally-friendly and profitable manner by producing grid-tied
electricity.
"Overwhelming market demand has led us to focus on launching a smaller genset
that matches the waste oil disposal requirements of the vast majority of garages
and lube shops throughout the United States," stated Thomas V. Thillen,
President o f PPG. "We still intend on launching a larger 40kW system later in
2011, as previously announced."
Waste motor oil is a major source of contamination of waterways that can result
in the toxic pollution of drinking water. According to the U.S. Environmental
Protection Agency, waste oil from one oil change can contaminate 1 million
gallons of fresh water.
"Approximately one billion gallons of waste oil are disposed of each year in the
U.S.," stated Cyclone's Executive VP, Christopher Nelson. "We are pleased to be
part of a project that could have such widespread benefits -- giving companies
and individuals an economic incentive to turn this potentially hazardous
substance into a clean, renewal energy source."
To learn more about PPG's waste oil systems, please visit the company's web site
which, for a limited time, can be accessed through GE-ecomagination/Phoenix --
the $200 million GE Challenge. To see a video of Cyclone's sc alable Waste Heat
Engine that will power the Phoenix 10, please visit:
GE-ecomagination/Cyclone-WHE.
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine
-- an eco-friendly external combustion engine with the power and versatility to
run everything from portable electric generators and garden equipment to cars,
trucks and locomotives. Invented by company founder and CEO Harry Schoell, the
patented Cyclone Engine is a modern day steam engine, ingeniously designed to
achieve high thermal efficiencies through a compact heat-regenerative process,
and to run on virtually any fuel - including bio-diesels, syngas or solar -
while emitting fewer greenhouse gases and irritating pollutants into the air.
Currently in its late stages of development, the Cyclone Engine was recognized
by Popular Science Magazine as the Invention of the Year for 2008, and was
presented with the Society of Automot ive Engineers' AEI Tech Award in 2006 and
2008. Additionally, Cyclone was recently named Environmental Business of the
Year by the Broward County Environmental Protection Department. For more
information, visit www.cyclonepower.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Th e company cautions that
these forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any statements in
this release, whether as a result of new information, future events or
otherwise.
SOURCE: Cyclone Power Technologies
CONTACT:
For Cyclone Power Technologies
Media Contact
Will Wellons, 407-462-2718
will@redletterpr.com
or
Cyclone Contact:
Frankie Fruge, 954-943-8721
Frankie@cyclonepower.com
or
Phoenix Power Contact
Thomas Thillen, 901-288-9488
tom@phoenixpowergroup.com
www.phoenixpowergroup.com
Copyright Business Wire 2010
-0-
KEYWORD: United States
&n bsp; North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Oil/Gas
Other Energy
Technology
Electronic Design Automation
Transport
; Trucking
Other Transport
Public Transport
Manufacturing
Automotive Manufacturing
Engineering
Steel
Other Manufacturing
Automotive
Environment
General Automotive
SUBJECT CODE: Contract/Agreement
MMRF NEWS --
LOS ANGELES, CA, Sep 29, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mmrglobal.com) announced today it has filed a patent
application for an open integration tool by w hich patient data from any practice
management system can be seamlessly uploaded into the Company's MMRPro system
(www.mmrprovideos.com) or other electronic records systems. Called the Practice
Management System Integration Application (PMSIA), the tool is being designed
for administrators in physician offices, hospitals and alternative care sites to
facilitate the efficient population of patient information from a healthcare
provider's practice management system into the MMRPro Web-based application.
Once patient data is transferred to MMRPro, that patient's records can be
scanned and deposited into an MMRPro virtual patient chart where it can be
retrieved over any Internet-connected computer on demand.
The Company believes that one of the biggest challenges physician offices face
is moving patient data from their practice management system to an electronic
medical records (EMR) system effortlessly. The new integration tool is designe d
to make it easier for any healthcare professional to convert their office to a
new EMR-type system quickly and securely.
Robert H. Lorsch, Chairman and CEO of MMRGlobal, said, "This universal tool
represents a way that can help accelerate the growth of health information
technology while allowing a faster, more efficient integration of MMRPro into
any healthcare professional's office."
MMRGlobal's integration tool will work with any file format, including .csv,
.txt, flat file or HL7, and extract data from any open data connectivity (ODBC)
compliant data source.
"The flexibility offered by the integration tool also makes it a universal
solution for transferring data from practice management systems to most
electronic medical records systems, opening the door for MMRGlobal to position
its products as a patient portal to competitive EHR systems and potentially
creating opportunities for incremental licensing revenue," Lor sch added.
The applet is expected to be delivered with MMRPro implementations during the
fourth quarter. For additional information about the Company and its products
and services, visit www.mmrglobal.com and follow Bob Lorsch's blog at
http://blog.mymedicalrecordsinc.com/.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and professional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important documents, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Reco rd is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit www.mmrglobal.com.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature
constitute "for ward-looking statements." Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause the
Company's actual results to be materially different from historical results or
from any results expressed or implied by such forward-looking statements. Some
can be identified by the use of words (and their derivations) such as "need,"
"possibility," "offer," "development," "if," "negotiate," "when," "begun,"
"believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and
"continue," or the negative of these words. Factors that could cause or
contribute to such differences include, but are not limited to, the risk the
Company's products are not adopted or viewed favorably by the health care
community; risks related to the current uncertainty and instability in financial
and lending markets, including global economic uncertainties; timing and volume
of sales and installations; length of sa les cycles and the installation process;
market acceptance of new product and feature introductions; ability to establish
and maintain strategic relationships; ability to identify and integrate
acquisitions; relationships with licensees; competitive product offerings and
promotions; changes in government laws and regulations and future changes in tax
legislation and initiatives in the health care industry; undetected errors in
our products; possibility of interruption at our data centers; risks related to
third party vendors; risks related to obtaining and integrating third-party
licensed technology; acceptance of the Company's marketing and promotional
campaigns; risks related to a security breach by third parties; maintaining,
developing and defending our intellectual property rights including those
pertaining to our biotechnology assets; risks associated with recruitment and
retention of key personnel; and additional risks discussed in the Company's
filings with the Securities and Exchange Commission. The Company is providing
this information as of the date of this release and, except as required by law,
does not undertake any obligation to update any forward-looking statements
contained in this release as a result of new information, future events or
otherwise.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
Computers and Softw are:Software
Financial Services:Insurance
Medical and Healthcare:Healthcare
Medical and Healthcare:Alternative
Medical and Healthcare:Facilities and Providers
Financial Services:Personal Finance
You're welcome!
NEWS --
DANVILLE, Calif., Sep 28, 2010 (GlobeNewswire via COMTEX) -- S3Investment
Company, Inc. (Pink Sheets:SIVC) today commented on record financial results
recently filed by Boyuan Construction Group, a client of S3's wholly owned
Redwood Capital subsidiary. The financial results, which report revenue in
excess of $147 million for Boyuan Construction Group in fiscal year 2010,
reinforce the quality of the companies that Redwood Capital signs. Due to the
success and growing profile of Redwood Capital in the China market, S3 intends
to more closely associate itself with the Redwood name through a re-branding e
of the public company.
The financial results for Boyuan Construction Group, for which Redwood Capital
as the Chinese merchant banking advisor when it became listed on Canada's TSX
Venture Exchange, reflect the three- and 12-month periods ended June 30, 2010.
Revenue for the 12-month period ended June 30, 2010, was $147.3 million, up
almos t 45% from $101.7 million for the 2009 fiscal year. Gross profit was up 60%
to $25.5 million and gross profit margins grew to more than 17%. Boyuan also
exceeded its $12.4 million after tax net income target by more than 7%. Revenue
for the three-month period ended June 30, 2010 was $43.7 million, up 6.4% from
$41.1 million for the same period in 2009.
"The importance of these financial results for Boyuan Construction Group is
two-fold," said S3 Investment Company Chairman and CEO Jim Bickel. "First, as a
holder of Boyuan common stock, Redwood Capital benefits from the continued
growth of the company, which recently graduated from the TSX Venture Exchange to
the TSX Exchange. Additionally, the continued success of Redwood Capital
clients, once they have completed the process of going public, demonstrates that
Redwood targets very strong companies that will be successful once they have
entered the North American public markets. This giv es greater confidence to
investors who may participate in the financing transaction that go along with
the public market listings, and provides an excellent example to private
companies in China of how going public in North American can contribute to even
greater future success.
"Because Redwood Capital has been so successful, we are currently implementing a
plan to rename S3 Investment Company to more closely associate it with our
Redwood subsidiaries operating in China. The S3 name came from the company's
past operations and is no longer reflective of either its current businesses or
its tremendous upside potential. We not only have Redwood Capital and our
Redwood Medical subsidiaries, but we are also undertaking an expansion of
Redwood's subsidiary operations to include at least two additional Redwood
businesses.
"There will be more information on the re-branding and subsidiary expansion in
the near future. As a company th at is committed to full transparency as it
grows, we will continue to report our financial information through the OTC
markets system at www.otcmarket.com, where S3 has achieved 'Current Information'
status. This is an ongoing assurance to shareholders that up-to-date financial
information will remain available for their review and that we welcome the
closest scrutiny possible as the public company charts a more ambitious path
forward."
To sign up to receive information by email directly from S3 Investment Company
when new press releases, investor newsletters, SEC filings or other information
is disclosed, please visit http://www.s3investments.com/investors/.
About S3 Investment Company, Inc.
S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group
International subsidiary are focused on facilitating the success of two
subsidiaries operating in the China market. Redwood Capital, Inc. assists
privat e Chinese companies in accessing the North American capital markets by
utilizing a network of investment banking relationships to achieve reverse
merger transactions. For more information, please visit
http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to
import and distribute Western medical technologies and products into the China
market.
Any statements contained herein related to future events are forward-looking
statements and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on forward-looking statements. S3 Investment Company, Inc.
undertakes no obligation to update any such statements to reflect actual events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: S3 Investment Company, Inc.
By Staff
CONTACT: &nb sp; CONTACT: S3 Investment Company
Investor Relations
951-200-4107
investors@s3investments.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: BANKING
CONSTRUCTION
CORPORATE
&nb sp; Product Services Announcement
Restructuring Recapitalization
MMRF News --
LOS ANGELES, CA, Sep 24, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (MMR) announced today that it has successfully opposed a Summary
Judgment Motion brought by the Lymphoma Researc h Foundation (LRF) as part of its
efforts to protect a portion of the Company's intellectual property, which it
previously disclosed on May 3, 2010.
The Company acquired the biotech assets from its reverse merger with Favrille,
Inc., a San Diego biotech company, in January 2009. Over the past year, MMR
identified a collection of these biotech assets, which include biotech samples
that were in the possession of the Lymphoma Research Foundation. They do not
include other pre-merger biotech assets, including the Company's anti-CD20
monoclonal antibodies, results of clinical trials data, patents and other
intellectual property.
According to declarations filed on behalf of MMR, the Company understands that
the biotech samples could have a value as high as $1.376 million. However, based
on other information currently maintained by the Company, the samples could have
a far greater value, depending on the extent and depth of the clinica l data
collected at trial initiation, the extent and depth of the clinical data
collected during patient follow-up, whether follow-up tissue samples are
available, and whether accompanying whole blood or serum is available from
patients from trial enrollment or during trial progression.
Robert H. Lorsch, Chairman and CEO of MMRGlobal, said, "We are pleased by this
early ruling. When combined with clinical data from the Company's vaccine
research into the causes and potential treatment of B-Cell Non-Hodgkin's
Lymphoma, including data from patient follow-ups which the Company has, the
value could be significant."
The Company understands its intellectual properties may also be of value in a
possible reinterpretation of the pre-merger Favrille vaccine trials and that the
IP may also unlock ways to create other "custom-made" cancer vaccines and be
valuable in discovering additional opportunities in cancer research. The Company
hop es to enter into licensing agreements with biopharmaceutical companies,
academic institutions, research organizations and others regarding the use of
its assets.
About MMRGlobal, Inc. MMR Global, Inc., through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use
online Personal Health Records ("PHRs") and electronic safe deposit box storage
solutions, serving consumers, healthcare professionals, employers, insurance
companies, financial institutions, and professional organizations and affinity
groups. MyMedicalRecords enables individuals and families to access their
medical records and other important documents, such as birth certificates,
passports, insurance policies and wills, anytime from anywhere using the
Internet. The MyMedicalRecords Personal Health Record is built on proprietary,
patented technologies to allow documents, images and voicemail messages to be
transmitted and st ored in the system using a variety of methods, including fax,
phone, or file upload without relying on any specific electronic medical record
platform to populate a user's account. The Company's professional offering,
MMRPro, is designed to give physicians' offices an easy and cost-effective
solution to digitizing paper-based medical records and sharing them with
patients in real time through an integrated patient portal. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated turnkey
EMR solution for healthcare professionals. MMR is also an integrated service
provider on Google Health. To learn more about MMR Global, Inc. and its
products, visit www.mmrglobal.com.
Forward-Looking Statements Statements in this press release that are not
strictly historical in nature constitute "forward-looking statements." Such
statements include, but are not limited to, statements regarding MMRGlobal,
Inc.'s assets includi ng but not limited to its primary Health IT businesses,
samples and data from vaccine and clinical trials, and anti-CD20 antibody
assets. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to be materially
different from historical results or from any results expressed or implied by
such forward-looking statements. These factors include, but are not limited to,
risks and uncertainties related to the development and approval of
biotechnology/biopharmaceutical product candidates and Health IT products and
additional risks discussed in the Company's filings with the Securities and
Exchange Commission. All subsequent written and oral forward-looking statements
attributable to the Company (or any person acting on the Company's behalf) are
qualified by the cautionary statements in this notice. MMRGlobal, Inc. is
providing this information as of the date of this release a nd, except as
required by law, does not undertake any obligation to update any forward-looking
statements contained in this release as a result of new information.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
Financial Services:Insurance
Medical and Healthcare:Facilities and Providers
Professional Services: General
Pharmaceuticals and Biotech:Biotech
Pharmaceuticals and Biotech:Trials
Medical and Healthcare:Healthcare
Good catch. I should have expected as much. Oh, well...
This will be good news for all penny stock traders if it actually comes to pass:
MIAMI, Sept 22, 2010 /PRNewswire via COMTEX/ -- Warrior Girl Corp (Pink Sheets:
WRGL) announces today it has acquired the Real Time and Inside Level II Quote
Display services at pinksheets.com. The Level II data will also be availab le at
the company's website at http://www.acesonline.biz.
WRGL believes shareholders and other investors should have access to the
critical information provided by Level II data where all bid and ask quotations
published by market makers are displayed. The detailed information includes each
market maker's name, bid and ask price, and size. Without this service only the
inside market quotes (or best bid and ask) are available and usually displayed
on a 15 minute delayed basis.
WRGL pays a $3,000 per year fee to Pink Sheets for the information but this data
is made available at no charge to the public.
ABOUT WARRIOR GIRL CORP:
Warrior Girl Corporation is a new entrant in the high growth sector of online
education. One of its main goals is to combat the high dropout rate from schools
in the U.S. by offering online high school and vocational programs to the
millions of people that have dropped out of school. The company's Advanced
Career Education Services (ACES) division operates all of the company's online
education services. The company is pursuing a two-fold expansion of business:
(1) through organic growth, and (2) through the acquisition of synergistic
educational companies that add value, accreditations, course offerings and
additional revenue streams. WRGL is also establishing a division to enter the
lucrative lead generation business for higher education. The company anticipates
rapid growth amid a large and expanding private education market.
For more information on enrollment, please contact: Advanced Career Education,
phone number: 305-517-7378 or visit us at http://www.acesonline.biz.
Included in this release are "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. Although the company believes that
the expectatio ns reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations reflected in such forward-looking
statements will prove to have been correct. The company's actual results could
differ materially from those anticipated in the forward-looking statements. The
Company undertakes no obligation to update forward-looking statements to reflect
subsequently occurring events or circumstances.
SOURCE Warrior Girl Corp
www.prnewswire.com
Copyright (C) 2010 PR Newswire. All rights reserved
-0-
KEYWORD: Florida
INDUSTRY KEYWORD: EDU
ITE
MLM
SUBJECT CODE: PDT
yep, slow but steady accumulation - a good sign.
Form 14f1 out
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
SCHEDULE 14f-1
_____________________
Information Statement Pursuant to Section 14(f) of the
Securities Exchange Act of 1934 and Rule 14f-1 Thereunder
DYNASTY ENERGY RESOURCES, INC.
(Exact name of registrant as specified in its corporate charter)
000-1417907
(Commission File No.)
DELAWARE
26-0855681
(State of Incorporation)
(IRS Employer Identification No.)
360 Main Street, Washington, Virginia 22747
(Address of principal executive offices)
(540) 675 - 3149
(Registrant's telephone number)
________________________________________________________________________
NOTICE OF CHANGE IN THE MAJORITY OF THE BOARD OF DIRECTORS
________________________________________________________________________
****************
NO VOTE OR OTHER ACTION OF THE COMPANY'S STOCKHOLDERS IS REQUIRED IN CONNECTION WITH THIS INFORMATION STATEMENT. NO PROXIES ARE BEING SOLICITED AND YOU ARE REQUESTED NOT TO SEND THE COMPANY A PROXY.
*****************
--------------------------------------------------------------------------------
Introduction
Please read this Information Statement carefully. It contains certain biographical and other information concerning the incoming executive officers and or directors after the closing of the below referenced transaction. You are not, however, required to take nay action.
This Information Statement is being furnished pursuant to Section 14(f) of the Securities Exchange Act of 1934 (the Exchange Act) and Rule 14f-1 promulgated thereunder. This Information Statement is being provided solely for informational purposes and not in connection with a vote of the Company's stockholders.
Background
Pursuant to the terms of the acquisition Common Stock Purchase Agreement executed on April 28, 2010 between Belmont Partners, LLC (“Belmont”), and Wall Street Equity & Futures, Corp. (the “Seller”) and Dynasty Energy Resources, Inc. (the “Company”) (the “Acquisition Agreement”), Belmont purchased a total of 66,430,504 shares of the Company’s common stock for an aggregate of $190,000.00 in cash. The total of 66,430,504 shares represented 66.26% of all of the shares of common stock then outstanding. Belmont used cash to purchase the shares of the Company. As part of the acquisition, and pursuant to the Acquisition Agreement, the following changes to the Company’s directors and officers have occurred:
CHANGES TO THE BOARD OF DIRECTORS
o
As of April 28, 2010, James Ditanna resigned from all officer and Director positions he previously held in the Company.
o
Also, on April 28, 2010, Joseph Meuse was appointed to the Board of Directors as Director as well as President and Secretary of the Company.
CERTAIN INFORMATION REGARDING THE COMPANY
Change in Control
As described above under the caption “Background”, a change in control of the Company will occur upon the closing of the Stock Purchase Agreement.
Voting Securities
As of , the authorized capital stock of the Company consists of 480,000,000 shares of common stock par value $0.00001 per share, of which 100,255,890 shares are issued and outstanding and 20,000,000 shares of preferred stock par value $0.00001 per share, of which no shares are issued and outstanding.
--------------------------------------------------------------------------------
Where to Find More Information About Us
We file all required reports due under the Exchange Act with the Securities and Exchange Commission (the “ SEC ”). Such reports include annual reports, quarterly reports, Form 8-K and other information we are required to file pursuant to the securities laws. You may read and copy materials we file with the SEC at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, DC 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC which is http://www.sec.gov .
Transfer Agent
Pacific Stock Transfer Company, 4045 South Spencer Street, Las Vegas, Nevada 89119, telephone (702) 361-3033, facsimile (702) 433-1979 is the Company’s transfer agent.
DIRECTORS AND EXECUTIVE OFFICERS
Name
Age
Position
Joseph Meuse
40
Director and President
BIOGRAPHICAL INFORMATION ON THE BOARD OF DIRECTORS
Joseph Meuse, age 40, resides in Warrenton, VA. Mr. Meuse has been involved with corporate restructuring since 1995. He has been the Managing Director of Belmont Partners since 2004. Additionally, Mr. Meuse has been a Board Member and officer of numerous public companies and attended the College of William and Mary.
MEETINGS AND COMMITTEES OF THE BOARD OF DIRECTORS
Mr. Meuse is the principal executive officer as well as the sole member of the Company’s board of directors. The Company does not currently have ongoing operations as such the Company has determined that it does not, at this time, require additional committees of the board of directors.
SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
EXECUTIVE COMPENSATION
Our directors currently are not compensated for serving as members of our board of directors.
--------------------------------------------------------------------------------
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Name
# of shares beneficially owned
Percent of shares
Joseph Meuse
360 Main Street
Washington, VA 22747
66,430,504 1
66.26
NO DISSENTERS' RIGHTS
By Order of The Board of Directors
Name: Joseph Meuse
Title: Director
Date: 9/17/10
ADDITIONAL INFORMATION
SIGNATURES
In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has caused this Information Statement to be signed on its behalf by the undersigned, thereunto duly authorized.
Footnotes
1 Represents 66,430,504 shares held by Belmont Partners, LLC a Virginia limited liability company, of which Mr. Meuse is the sole member and beneficial owner
Form SC 13D out
NEWS!!
DANVILLE, Calif., Sep 15, 2010 (GlobeNewswire via COMTEX) -- S3 Investment
Company, Inc. (Pink Sheets:SIVC) tod ay announced that its Board of Directors has
approved a plan to repurchase up to 500,000,000 shares of its common stock in
the open market. The company is undertaking the buyback plan as a result of its
belief that its common stock is undervalued at its current trading price.
"S3 has a strong business operating in China and expanding into other areas of
Asia, and we believe that the company's current value and long-term potential is
not reflected in its current common stock trading price," said S3 Investment
Company Chairman and CEO Jim Bickel. "The repurchase plan is expected to address
the value issue, as well as reflecting the confidence that management has in the
company and its future prospects."
"S3's wholly owned Redwood Capital subsidiary assists private Chinese companies
in accessing the North American capital markets by achieving reverse merger and
financing transactions. Redwood Capital has closed multiple reverse merger and
financing transactions, for which it has been compensated in the common stock of
its client companies; has several current clients in China and Mongolia; and is
expanding its operations with additional client signings and other
diversification into related business channels.
"Redwood Capital recently opened an office in Ulaanbaatar, Mongolia, which is
expected to allow the company to work more closely with clients that operate in
the Mongolia market as well as to explore additional emerging opportunities in
the country. Additional Asia office locations are also under consideration. The
outlook for Redwood Capital has never been better, so management felt that this
is the time to implement a buyback program," added Mr. Bickel.
To sign up to receive information by email directly from S3 Investment Company
when new press releases, investor newsletters, SEC filings or other information
is disclosed, please visit http://www.s3in vestments.com/investors/.
About S3 Investment Company, Inc.
S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group
International subsidiary are focused on facilitating the success of two
subsidiaries operating in the China market. Redwood Capital, Inc. assists
private Chinese companies in accessing the North American capital markets by
utilizing a network of investment banking relationships to achieve reverse
merger transactions. For more information, please visit
http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to
import and distribute Western medical technologies and products into the China
market.
Any statements contained herein related to future events are forward-looking
statements and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on forward-looking statem ents. S3 Investment Company, Inc.
undertakes no obligation to update any such statements to reflect actual events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: S3 Investment Company, Inc.
By Staff
CONTACT: CONTACT: For S3 Investment Company
Gemini Financial Communications, Inc.
951-200-4107
investors@s3investments.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: ; CORPORATE
Company Announcement
NEWS --
POMPANO BEACH, Fla., Sep 14, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
(Pink Sheets: CYPW) announced today that the U.S. Patent and Trademark Office
has approved the company' s second overall patent on its heat-regenerative,
external combustion engine. This latest action marks the seventh patent issued
on Cyclone's engine and its various, unique components.
The Cyclone engine is a modern steam engine, providing substantial improvements
in thermal efficiency, power densities and operating characteristics over what
many people envision when they think of steam engines. One of the most ingenious
innovations of the Cyclone engine, as provided in the latest patent, is that it
contains no motor oil -- it is completely water lubricated.
"The elimination of motor oil as a lubricating agent is simply the most dramatic
and major improvement in the Rankine cycle engine seen in the past sixty years,"
stated steam car expert, James D. Crank. "Without this innovation, the Cyclone
engine would not have surpassed with such dramatic force the efficiencies of
previous steam car power systems." Among his numerous accompli shments, Mr. Crank
designed and constructed the Barber-Nichols car that broke an 80-year-old record
for steam-powered vehicles.
Cyclone engines have been tested to run at over 30% efficiency, exceeding
current gas-powered engines. Higher efficiencies mean better gas mileage and
less emissions. By nature, steam engines are considerably cleaner than current
internal combustion engines, and run on virtually any fuel, including today's
carbon-neutral biofuels. The Cyclone has been tested on over a dozen such
plant-based fuels, none of which require any engine or combustion chamber
modification.
"We are pleased to receive this new patent," stated Cyclone's CEO, Harry
Schoell. "Our team is working hard to complete our engine prototypes to
demonstrate that what we have is a truly revolutionary way to produce power --
for cars, trucks, busses, power generators and more -- in an
environmentally-sustainable manner."
CORPORATE PR OFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine
-- an eco-friendly external combustion engine with the power and versatility to
run everything from portable electric generators and garden equipment to cars,
trucks and locomotives. Invented by company founder and CEO Harry Schoell, the
patented Cyclone Engine is a modern day steam engine, ingeniously designed to
achieve high thermal efficiencies through a compact heat-regenerative process,
and to run on virtually any fuel - including bio-diesels, syngas or solar -
while emitting fewer greenhouse gases and irritating pollutants into the air.
Currently in its late stages of development, the Cyclone Engine was recognized
by Popular Science Magazine as the Invention of the Year for 2008, and was
presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and
2008. Additionally, Cyclone was recently named Environmental Business of the
Y ear by the Broward County Environmental Protection Department. For more
information, visit www.cyclonepower.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. The company cautions that
these forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any statements in
this release, whether as a result of new information, future events or
otherwise.
SOURCE: Cyclone Power Technologies
CONTACT:
For Cyclone Power Technologies
Media Contact
Will Wellons, 407-462-2718
will@redletterpr.com
or
Company Contact:
Frankie Fruge, 954-943-8721
Frankie@cyclonepower.com
Copyright Business Wire 2010
-0-
KEYWORD: United States
North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Other Energy
Technology
Electronic Design Automation
Other Technology
Transport
Air
Trucking
; Manufacturing
Automotive Manufacturing
Engineering
Steel
Other Manufacturing
Automotive
Environment
;Defense
Other Defense
General Automotive
Yes, I noticed a little blip up last week which is always good to see. May it continue!
It's alive!
NEWS --
DANVILLE, Calif., Sep 13, 2010 (GlobeNewswir e via COMTEX) -- S3Investment
Company, Inc. (Pink Sheets:SIVC) today announced that the company's wholly owned
Redwood Capital subsidiary has opened an office in Ulaanbaatar, Mongolia, which
is expected to allow the company to work more closely with clients that operates
in the Mongolia market as well as explore additional emerging opportunities the
country.
Mongolia has recently gained attention as a new frontier for foreign private
equity investment, particularly in the areas of natural resources and mining.
Mongolia has $5 billion economy with 8% average annual Gross Domestic Product
growth. As one of the fastest growing markets in the world, its key economic
driver is natural resources. Mongolia is estimated to need up to $30 billion of
investment to develop its natural resources.
Earlier this year, Redwood Capital, which assists private Chinese companies in
accessing the North American capital markets by achieving reverse m erger and
financing transactions, signed a new client that operates in Mongolia's mining
sector. Redwood Capital has attended Mongolia investment events and is also
exploring additional opportunities in the country.
"Redwood Capital has identified Mongolia as an important emerging global market,
and the new office in Ulaanbaatar will allow the company to better assist
existing clients and explore new opportunities with companies that operate in
Mongolia," said S3 Investment Company Chairman and CEO Jim Bickel. "Establishing
a physical presence in this market is an important step for Redwood Capital, and
we expect to update client activities in Mongolia in the near term."
Mr. Bickel and Matthew Totty, Director of Research and Investment Banking for
Redwood Capital, were recently interviewed by Frontier Securities COO Yuji
Iwasaki, and the interview is available for viewing at
MMRF NEWS --
LOS ANGELES, CA, Sep 13, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mymedicalrecords.com) today revealed that according to an
expert retained by the Company, the relevant human tissue samples that are part
of its biotech assets may have a value of at least $1.376 million. However, when
combined with clinical data from the Company's vaccine research into the causes
and potential treatment of B-Cell Non-Hodgkin's Lymphoma, including data from
patient follow-ups and the existence of whole blood or serums, if any, the value
could be inestimable. MMRGlobal has retained scientific experts and advisors on
behalf of its efforts to protect a portion of the Company's intellectual
property and related technology claims pertaining to the Lymphoma Research
Foundation. The Company acquired these assets through its reverse merger with
Favrille, Inc., a biopharmaceutical company, in January 2009. Favrille was
previously based in San Diego.
On April 14, 2010, MMRGlobal announced the existence of intellectual property in
the form of approximately 150 patient samples collected during the Company'spre-merger Favrille vaccine trials. Through May of 2008, pre-merger Favrille had
spent more than $140 million on the creation and development of intellectual
property, which includes clinical trials data, patient samples, patents and
other assets. The Company is working towards entering into licensing agreements
with biopharmaceutical companies, academic institutions, research organizations
and others regarding the use of the assets.
"This is a first definitive valuation of our pre-merger intellectual property
and demonstrates that the Company's efforts to find value in its patents and
biotech assets continue to be in the best interest of the fight against cancer
and for its shareholders," said Robert H. Lorsch, MMRGlobal Chairman and Chief
Executive Officer.
The samples came to light when the Company was advised that data from Favrille's
pre-merger vaccine trials for a project that theoretically could be used to
predict the o utcomes of patients vaccinated with idiotype vaccines. The Company
was told that the project would seek to determine if it may be possible to
predict which lymphoma patients vaccinated with a customized product made from
their own tumor cells could conceivably mount a productive immune response
against their own tumor. The Company has also been advised that results of such
a project, if favorable, would have the potential to lead to a re-interpretation
of the previous Favrille cancer vaccine trials.
The Company has engaged consultants and advisors to advise the Company on
opportunities that could maximize the value of the Company's pre-merger assets
on a worldwide basis, the outcomes of which may not be known for some time.
These assets include, but are not limited to, data from the Company's pre-merger
clinical vaccine trials, the Specifid vaccine, and the anti-CD20 antibodies.
Although MMRGlobal will continue to maximize the valu e of its biotech assets,
the Company remains focused on its primary business, which is specifically the
development and distribution of the MyMedicalRecords Personal Health Record
(www.mymedicalrecords.com), MMRPro, an end-to-end electronic document management
solution for physicians which features an integrated patient portal
(www.mmrpro.com), and other related solutions in Health IT based on the
Company's patented technologies.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and professional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important document s, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Record is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit
www.mymedicalrecords.com and view the videos at www.mmrtheater.com.
Forward-Looking Statements Statements in this press release that are not
strictly historical in nature constitute "forward-looking statements." Such
statements include, but are not limited to, statements regarding MMRGlobal,
Inc.'s assets including but not limited to its primary Health IT businesses,
data from vaccine and clinical trials, and anti-CD20 antibody assets. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially different from
historical results or from any results expressed or implied by such
forward-looking statements. These factors include, but are not limited to, risks
and uncertainties related to the development and approval of
biotechnology/biopharmaceutical product candidates and Health IT products and
additional risks discussed in the Company's filings with the Securities and
Exchange Commission. All subsequent written and oral forward-looking statements
attributable to the Company (or any person acting on the Company's behalf) are
qualified by the cautionary statements in this notice. MMRGlobal, Inc. is
providing this information as of the date of this release and, except as
required by law, does not undertake any obligation to update any forward-looking
statements contained in this release as a result of new information.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Medical and Heal thcare:Alternative
Medical and Healthcare:Surgery and Treatments
Pharmaceuticals and Biotech:Trials
Pharmaceuticals and Biotech:Drugs
Pharmaceuticals and Biotech:Equipment and Supplies
Pharmaceuticals and Biotech:Biotech
NEWS --
LOS ANGELES, CA, Sep 13, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mymedicalrecords.com) today revealed that according to an
expert retained by the Company, the relevant human tissue samples that are part
of its biotech assets may have a value of at least $1.376 million. However, when
combined with clinical data from the Company's vaccine research into the causes
and potential treatment of B-Cell Non-Hodgkin's Lymphoma, including data from
patient follow-ups and the existence of whole blood or serums, if any, the value
could be inestimable. MMRGlobal has retained scientific experts and advisors on
behalf of its efforts to protect a portion of the Company's intellectual
property and related technology claims pertaining to the Lymphoma Research
Foundation. The Company acquired these assets through its reverse merger with
Favrille, Inc., a biopharmaceutical company, in January 2009. Favrille was
previously based in San Diego.
On April 14, 2010, MMRGlobal announced the existence of intellectual property in
the form of approximately 150 patient samples collected during the Company'spre-merger Favrille vaccine trials. Through May of 2008, pre-merger Favrille had
spent more than $140 million on the creation and development of intellectual
property, which includes clinical trials data, patient samples, patents and
other assets. The Company is working towards entering into licensing agreements
with biopharmaceutical companies, academic institutions, research organizations
and others regarding the use of the assets.
"This is a first definitive valuation of our pre-merger intellectual property
and demonstrates that the Company's efforts to find value in its patents and
biotech assets continue to be in the best interest of the fight against cancer
and for its shareholders," said Robert H. Lorsch, MMRGlobal Chairman and Chief
Executive Officer.
The samples came to light when the Company was advised that data from Favrille's
pre-merger vaccine trials for a project that theoretically could be used to
predict the o utcomes of patients vaccinated with idiotype vaccines. The Company
was told that the project would seek to determine if it may be possible to
predict which lymphoma patients vaccinated with a customized product made from
their own tumor cells could conceivably mount a productive immune response
against their own tumor. The Company has also been advised that results of such
a project, if favorable, would have the potential to lead to a re-interpretation
of the previous Favrille cancer vaccine trials.
The Company has engaged consultants and advisors to advise the Company on
opportunities that could maximize the value of the Company's pre-merger assets
on a worldwide basis, the outcomes of which may not be known for some time.
These assets include, but are not limited to, data from the Company's pre-merger
clinical vaccine trials, the Specifid vaccine, and the anti-CD20 antibodies.
Although MMRGlobal will continue to maximize the valu e of its biotech assets,
the Company remains focused on its primary business, which is specifically the
development and distribution of the MyMedicalRecords Personal Health Record
(www.mymedicalrecords.com), MMRPro, an end-to-end electronic document management
solution for physicians which features an integrated patient portal
(www.mmrpro.com), and other related solutions in Health IT based on the
Company's patented technologies.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and professional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important document s, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Record is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit
www.mymedicalrecords.com and view the videos at www.mmrtheater.com.
Forward-Looking Statements Statements in this press release that are not
strictly historical in nature constitute "forward-looking statements." Such
statements include, but are not limited to, statements regarding MMRGlobal,
Inc.'s assets including but not limited to its primary Health IT businesses,
data from vaccine and clinical trials, and anti-CD20 antibody assets. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially different from
historical results or from any results expressed or implied by such
forward-looking statements. These factors include, but are not limited to, risks
and uncertainties related to the development and approval of
biotechnology/biopharmaceutical product candidates and Health IT products and
additional risks discussed in the Company's filings with the Securities and
Exchange Commission. All subsequent written and oral forward-looking statements
attributable to the Company (or any person acting on the Company's behalf) are
qualified by the cautionary statements in this notice. MMRGlobal, Inc. is
providing this information as of the date of this release and, except as
required by law, does not undertake any obligation to update any forward-looking
statements contained in this release as a result of new information.
CONTACT:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Medical and Heal thcare:Alternative
Medical and Healthcare:Surgery and Treatments
Pharmaceuticals and Biotech:Trials
Pharmaceuticals and Biotech:Drugs
Pharmaceuticals and Biotech:Equipment and Supplies
Pharmaceuticals and Biotech:Biotech
MMRF NEWS --
LOS ANGELES, CA, Sep 08, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mmrglobal.com)
Dear Stockholder:
In my last letter to you, MMRGlobal (MMR) celebrated the launch of its new
positioning and adve rtising campaign entitled "The Future Of Your Health At Work
Today," and that is what has been happening over the summer. Your Company has
continued a process of making the future of health care work for you.
-- We launched "The Future Of Your Health At Work Today" on the CBS
Television broadcast of the Daytime Emmy Awards and, as part of that
campaign, we built a lead capture tool with Lightbox displays. When a
new visitor goes to the www.mymedicalrecords.com website, they are
greeted with a Lightbox Promotion in the form of a check offering a
$25 health rebate. The offer is featured in response to our
advertising campaigns on Associated Television International (ATI)
programming as well as on our radio campaign with Clea r Channel
Communications. These programs have already resulted in thousands of
new visitors to our site to learn about the importance of having a
Personal Health Record (www.mmrvideos.com). Our strategic relationship
with ATI enables us to be viewed on major networks and cable channels
such as ABC, CBS, Fox, NBC, The CW, USA, Discovery, Hallmark and The
Travel Channel as a featured advertiser.
-- Since February 2008, MMR has been working with one of the largest
financial institutions in the world on document delivery systems which
are planned to be offered through our MyEsafeDepositBox platform
(www.myesafevideos.com). We recently completed a two year process of
becoming an approved vendor of the bank and are now working through
the process of becoming a "current vendor." This demonstrates our
ability to comply within a highly regulated banking environment and
underscores the long lead times that are necessary to the sales of our
products and services.
-- The Company is actively pursuing the patent restoration process for
biotech assets acquired from the Company's merger with Favrille,
specifically reviving selected patent applications related to making
vaccines for treating B-cell pathologies and anti-CD20 monoclonal
antibodies in countries of commercial interest. These countries
include Aus tralia, Brazil, Canada, China, India, Europe, Japan, Korea,
Mexico, Hong Kong and Singapore. The Company has retained foreign
associates for representation in all of these countries and has had
various approvals of restoration resulting in pending patent
applications in the majority of them, with the exception of Singapore
and Hong Kong, where restoration approval is pending. The Company is
also pursuing three additional patent applications specifically
covering Favrille's B-cell vaccine technology and two patent
applications related to anti-CD20 monoclonal antibodies in the United
States. In May 2010, a Favrille B-cell patent was successfully revived
and is issued in th e United States.
-- We continue to work with The MichaelBass Group and are currently in
various stages of due diligence on four possible acquisitions designed
to expand the Company's product line and offer a wider selection of
professional products and services. Any one of these four acquisitions
could alter our guidance.
-- I will be a featured speaker at the Health Technology Investment Forum
(www.ihealthtran.com) event on September 21, 2010 at the Westin Times
Square in New York City, giving a company presentation to a group of
150 health care investors and executives. The conference is focused on
private equity and institutional investors. Some of the insti tutional
funds scheduled to participate this year are Camden Partners,
Chrysalis Ventures, Needham & Company, Raymond James &
Associates and Radius Ventures.
-- Kodak is in the process of launching a co-marketing and direct mail
campaign featuring MMRGlobal and highlighting an MMRPro
(www.mmrprovideos.com) customer testimonial targeted to Kodak's
document imaging and health care vertical.
-- We formally launched an MMRGlobal Travel and Benefits Sales Group,
which is being headed by Patrice A. Shilling. Patrice is a highly
trained executive who has worked in senior management positions at
Travelocity, American Express, Alitalia Air lines and Le Meridien
and whose clients have included McKesson, Medtronic, Accenture, UBS,
Boston Scientific and Liberty Mutual, amongst numerous other Fortune
500 and 1000 companies. We will discuss more about this in subsequent
announcements, however, it can be said here that Patrice will focus on
bringing our products and services to the travel and hospitality
industry and corporate benefits channels, all of which represent the
Company's highest gross margin products.
Prior to concluding, we would also like to update you on the use of the
Company's equity line with Dutchess Opportunity Fund. Since October 13, 2009,
when the Company first announced its relationship with Dutchess, the Company's
stock has closed as high as $.32. Since tha t time, through yesterday's close,
the Dow is up 5.8 percent, the Nasdaq is up 3.2 percent and the S&P 500 is up
1.8 percent while the Company's stock (MMRF) is up nearly 13 percent. In
response to questions and comments from stockholders, there is no correlation
between the Dutchess transaction and MMR's share price when looking at prices on
a daily basis. Furthermore, between the effective date of the Dutchess
transaction and yesterday's close, the Company has only sold 98,400 shares at a
price of $.13 per share representing less than $14,000.
In closing, over the course of the summer, MMRGlobal continued to expand its
footprint worldwide. As part of that process we are proud to announce a musical
"logo" of the likes of Intel, Microsoft and NBC. Starting later this month, no
matter where you are in the world, including China and India, you will hear the
familiar sound of MMR representing safety and security when you access any one
of our many websites. Hear it for yourself at www.mmrontv.com and thank you for
your interest and support of MMRGlobal.
Sincerely,
Robert H. Lorsch Chairman, President & Chief Executive Officer
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and professional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important documents, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Record is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit
www.mymedicalrecords.com and view the videos at www.mmrtheater.com.
Forward-Looking Statements
Any statements contained in this press release that refer to future events or
other non-historical matters are forward -looking statements, and some can be
identified by the use of words (and their derivations) such as "need,"
"possibility," "offer," "development," "if," "negotiate," "when," "begun,"
"believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and
"continue," or the negative of such terms and other comparable terminology.
MMRGlobal, Inc. disclaims any intent or obligation to revise or update any
forward-looking statements. These forward-looking statements are based on
MMRGlobal, Inc.'s reasonable expectations as of the date of this press release
and are subject to risks and uncertainties that could cause actual results to
differ materially from current expectations. The information discussed in this
release is subject to various risks and uncertainties related to changes in
MMRGlobal, Inc.'s business prospects, results of operations or financial
condition, government regulation, and such other risks and uncertainties as
detai led from time to time in MMRGlobal, Inc.'s public filings with the U.S.
Securities and Exchange Commission.
CONTACT:
Bobbie Volman
MMRGlobal, Inc.
(310) 476-7002
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:bvolman@mmrmail.com
mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
Computers and Softwa re:Software
Financial Services:Personal Finance
Professional Services:Human Resources
Medical and Healthcare:Healthcare
Professional Services:Advertising, PR and Marketing
Medical and Healthcare:Facilities and Providers
NEWS --
POMPANO BEACH, Fla., Sep 02, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
(Pink Sheets: CYPW) announced that Executive Vice President and General Counsel
Christopher Nelson will be the featured gu est interview on StockGoodies.com
Radio. Mr. Nelson will be discussing the company's modern steam engine
technology, as well as future business plans and prospects for its
commercialization.
The interview will be held today, September 2, at 8:00p.m. EDT, and can be heard
at http://www.blogtalkradio.com/stockgoodies. An archived version will also be
available on the homepage of www.StockGoodies.com.
ABOUT STOCKGOODIES
StockGoodies is a leading publisher of news, perspective, and marketing
intelligence on all forms of equity trading: pennies, micro-cap, mid and large
cap and options. The company's vision is to empower self-directed investors by
narrowing the gap between individual traders and professionals.
Contact for StockGoodies Radio
& nbsp;
------------------------------
Cheri Kennedy
407-397-3318
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine
-- an eco-friendly external combustion engine with the power and versatility to
run everything from portable electric generators and garden equipment to cars,
trucks and locomotives. Invented by company founder and CEO Harry Schoell, the
patented Cyclone Engine is a modern day steam engine, ingeniously designed to
achieve high thermal efficiencies through a compact heat-regenerative process,
and to run on virtually any fuel - including bio-diesels, syngas or solar -
while emitting fewer greenhouse gases and irritating pollutants into the air.
Currently in its late stages of development, the Cyclone Engine was recognized
by Popular Science Magazine as the Invention of the Year for 2008, and was
presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and
2008. Additionally, Cyclone was recently named Environmental Business of the
Year by the Broward County Environmental Protection Department. For more
information, visit www.cyclonepower.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. The company cautions that
these forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any statements in
this release, whether as a result of new information, future events or
otherwise.
SOURCE: Cyclone Power Technologies
CONTACT:
Cyclone Power Technologies
Media Contact:
Will Wellons, 407-462-2718
will@redletterpr.com
or
Company Contact:
Frankie Fruge, 954-943-8721
Frankie@cyclonepower.com
Copyright Business Wire 2010
-0-
KEYWORD: United States
&nbs p; North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Technology
Other Technology
Automotive
Environment
&nbs p; Defense
Contracts
General Automotive
MMRF NEWS --
LOS ANGELES, CA, Sep 01, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mmrglobal.com) expands its advertising of Perso nal Health
Records products and services (www.mymedicalrecords.com) on national television
tonight, September 1, 2010, at 6 pm EDT, in "The Spirit of Mississippi," on the
Hallmark Channel. The Company also announced that starting today, a nationwide
radio Listener Loyalty Program was launched with Clear Channel Communications in
which listeners will be directed to MMR's website to take advantage of the
Company's end of Summer Labor Day promotion of a 30-day trial and $25 toward the
cost of their next doctor visit (www.mmrvideos.com).
Robert H. Lorsch, Chairman and Chief Executive Officer of MMRGlobal, said,
"Labor Day weekend was chosen to launch this radio marketing campaign because it
is a great time to reach consumers about the importance of having a Personal
Health Record when traveling with the family."
Lorsch continued, "The people of Mississippi and the entire Gulf region are
making progress in rebuilding their lives. Our products offer the reliability
and resiliency needed to recover more quickly from any emergency or disaster.
With MyMedicalRecords, individuals and families can have direct access to their
most important documents, including insurance policies, deeds of trust, wills,
birth certificates and advance directives, in addition to their medical records.
Everything is located in one secure, convenient location accessible from any
Internet connection anywhere in the world."
About Clear Channel Communications, Inc.
Founded in 1972, with headquarters in San Antonio, TX, the Company broadcasts in
over 50 countries through its divisions, Clear Channel Radio: San Antonio, TX
and Clear Channel Outdoor: San Antonio, TX and reaches more than 154 million
people, or 75% of the 18+ U.S. population, operating over 800 radio stations
reaching more than 97 million listeners every week. With international partners,
the Company owns and operates more t han 140 radio stations in Australia and New
Zealand. Premiere Radio Networks syndicates 90 radio programs and services to
more than 5,000 radio stations affiliations reaching over 190 million listeners
a week.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and professional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important documents, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Record is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, visit
www.mymedicalrecords.com and view the videos at www.mmrtheater.com.
Forward-Looking Statements. Any statements contained in this press release that
refer to future events or other non-historical matters are forwar d-looking
statements. MMRGlobal, Inc. disclaims any intent or obligation to revise or
update any forward-looking statements. These forward-looking statements are
based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press
release and are subject to risks and uncertainties that could cause actual
results to differ materially from current expectations. The information
discussed in this release is subject to various risks and uncertainties related
to changes in MMRGlobal, Inc.'s business prospects, results of operations or
financial condition, government regulation, television programming changes, and
such other risks and uncertainties as detailed from time to time in MMRGlobal,
Inc.'s public filings with the U.S. Securities and Exchange Commission.
Contact:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
Bobbie Volman< BR>
MMRGlobal, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
mailto:bvolman@mmrmail.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
Financial Services:Insurance
Financial Services:Personal Finance
Lifestyle and Leisure:Family
Lifestyle and Leisure:Personal Care/Fitness
Retail:E-Commerce
Medical and Healthcare:Facilities and Providers
Medical and Healthcare:Health and Nutrition
Medical and Healthcare:Healthcare
Retail:Consumer Interest
&n bsp; Media and Entertainment:Music and Radio
NEWS --
EL SEGUNDO, CA, Aug 27, 2010 (MARKETWIRE via COMTEX) -- Hannover House, the
entertainment division of Target Development Group, Inc. (PIN KSHEETS: TDGI), has
entered into a letter of intent to acquire the assets of Phoenix Entertainment
Group, a California-based distributor of videos and video-on-demand products.
Phoenix Entertainment President, Anthony Perez, will join Hannover House in the
capacity of Senior Vice President of Domestic Sales, and will work out of the
company's new West Coast offices in El Segundo, CA.
The existing library of film and video titles from Phoenix Entertainment
consists of over forty feature films, primarily in the genres of Latino, urban
and horror. An additional twenty Asian-origin titles are expected to be added to
the venture following closure of the Phoenix acquisition, and will feature
martial arts and anime releases.
"We're very excited to be adding such a diverse mix of product to our existing
library of films," said Hannover House President D. Frederick Shefte. "Hannover
House had previously assisted Phoenix with the placemen t of some of their titles
into WalMart, but this will be the first opportunity for Phoenix to place our
titles into their large network of wholesale, retail and VOD accounts. Our
product lines are complementary, not competitive, and this new venture will give
us a much needed office and West Coast sales presence," Shefte concluded.
"Hannover House is one of the most dynamic independent studios in the market
today," said Perez. "The momentum from their high-profile releases has enhanced
their corporate credibility in the industry, and we think our Phoenix titles are
a perfect fit. I'm pleased to be formalizing a working relationship with Eric
Parkinson, Fred Shefte and the Hannover House team, and am confident that our
fourth quarter sales promotion will be a success."
With the addition of the Phoenix titles, the Hannover House library will expand
to over 250 titles, inclusive of the prior acquisitions of the Elite
Entertainment and FocusFilms libraries. The letter of intent between Hannover
House and Phoenix allows for a due diligence period, with a planned closing of
the venture on Tuesday, September 7.
For more information on Hannover House contact:
SUSANNAH PATTON or
ERIC PARKINSON
Hannover House
479-751-4500
818-481-5277
email at: Susannah@HannoverHouse.com
HannoverHouse@aol.com
SOURCE: Target Development Group, Inc.
CONTACT: mailto:Susannah@HannoverHouse.com
mailto:HannoverHouse@aol.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Media and Entertainment:Television
Media and Entertainment:Movies
MMRF NEWS --
LOS ANGELES, CA, Aug 26, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mmrglobal.com) is a sponsor of The Gulf is Back, a one-hour
TV spec ial on the CW Network airing this Friday, August 27, 2010, at 8:00 p.m.
ET. The Company believes the sponsorship of the special tribute, hosted by David
Hasselhoff and featuring musical performances by Lonestar, Ricky Skaggs, Taylor
Hicks and Brian McKnight, will help call attention to the importance of having a
MyMedicalRecords Personal Health Record account (www.mmrvideos.com) or
MyEsafeDepositBox online safe (www.myesafevideos.com) in the event of a disaster
or emergency at home or anywhere in the world.
Robert H. Lorsch, MMRGlobal Chairman and Chief Executive Officer, said, "We are
proud to be a sponsor of Associated Television International's network
television special The Gulf is Back. People experiencing a personal or business
loss need access to the important documents necessary to rebuild their lives.
Our products offer the reliability and resiliency needed to recover more quickly
from any emergency or disaster. With MyMedical Records, individuals and families
can have direct access to their most important documents, including insurance
policies, deeds of trust, wills, birth certificates and advance directives in
addition to their medical records. Everything is located in one secure,
convenient location accessible from any Internet device anywhere in the world."
Viewers responding to the MyMedicalRecords TV spots on The Gulf is Back will be
greeted with the same onscreen technology used for the Daytime Emmy Awards last
June. However, in addition to fulfilling requests for information, consumers who
sign up for a free trial account can participate in the MMRGlobal $25 cash
refund program applied to the viewer's next check-up or doctor visit.
MMRGlobal's advertising campaigns can be previewed at www.mmrontv.com.
About MMRGlobal, Inc. MMR Global, Inc., through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and eas y-to-use
online Personal Health Records ("PHRs") and electronic safe deposit box storage
solutions, serving consumers, healthcare professionals, employers, insurance
companies, financial institutions, and professional organizations and affinity
groups. MyMedicalRecords enables individuals and families to access their
medical records and other important documents, such as birth certificates,
passports, insurance policies and wills, anytime from anywhere using the
Internet. The MyMedicalRecords Personal Health Record is built on proprietary,
patented technologies to allow documents, images and voicemail messages to be
transmitted and stored in the system using a variety of methods, including fax,
phone, or file upload without relying on any specific electronic medical record
platform to populate a user's account. The Company's professional offering,
MMRPro, is designed to give physicians' offices an easy and cost-effective
solution to dig itizing paper-based medical records and sharing them with
patients in real time through an integrated patient portal. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated turnkey
EMR solution for healthcare professionals. MMR is also an integrated service
provider on Google Health. To learn more about MMR Global, Inc. and its
products, visit www.mymedicalrecords.com and view the videos at
www.mmrtheater.com.
Forward-Looking Statements Any statements contained in this press release that
refer to future events or other non-historical matters are forward-looking
statements. MMRGlobal, Inc. disclaims any intent or obligation to revise or
update any forward-looking statements. These forward-looking statements are
based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press
release and are subject to risks and uncertainties that could cause actual
results to differ materially from current ex pectations. The information
discussed in this release is subject to various risks and uncertainties related
to changes in MMRGlobal, Inc.'s business prospects, results of operations or
financial condition, government regulation, television programming changes, and
such other risks and uncertainties as detailed from time to time in MMRGlobal,
Inc.'s public filings with the U.S. Securities and Exchange Commission.
Contact:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
&n bsp; Media and Entertainment:Information Services
Medical and Healthcare:Healthcare
Medical and Healthcare:Facilities and Providers
Media and Entertainment:Television
NEWS --
LOS ANGELES, CA, Aug 26, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mmrglobal.com) is a sponsor of The Gulf is Back, a one-hour
TV spec ial on the CW Network airing this Friday, August 27, 2010, at 8:00 p.m.
ET. The Company believes the sponsorship of the special tribute, hosted by David
Hasselhoff and featuring musical performances by Lonestar, Ricky Skaggs, Taylor
Hicks and Brian McKnight, will help call attention to the importance of having a
MyMedicalRecords Personal Health Record account (www.mmrvideos.com) or
MyEsafeDepositBox online safe (www.myesafevideos.com) in the event of a disaster
or emergency at home or anywhere in the world.
Robert H. Lorsch, MMRGlobal Chairman and Chief Executive Officer, said, "We are
proud to be a sponsor of Associated Television International's network
television special The Gulf is Back. People experiencing a personal or business
loss need access to the important documents necessary to rebuild their lives.
Our products offer the reliability and resiliency needed to recover more quickly
from any emergency or disaster. With MyMedical Records, individuals and families
can have direct access to their most important documents, including insurance
policies, deeds of trust, wills, birth certificates and advance directives in
addition to their medical records. Everything is located in one secure,
convenient location accessible from any Internet device anywhere in the world."
Viewers responding to the MyMedicalRecords TV spots on The Gulf is Back will be
greeted with the same onscreen technology used for the Daytime Emmy Awards last
June. However, in addition to fulfilling requests for information, consumers who
sign up for a free trial account can participate in the MMRGlobal $25 cash
refund program applied to the viewer's next check-up or doctor visit.
MMRGlobal's advertising campaigns can be previewed at www.mmrontv.com.
About MMRGlobal, Inc. MMR Global, Inc., through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and eas y-to-use
online Personal Health Records ("PHRs") and electronic safe deposit box storage
solutions, serving consumers, healthcare professionals, employers, insurance
companies, financial institutions, and professional organizations and affinity
groups. MyMedicalRecords enables individuals and families to access their
medical records and other important documents, such as birth certificates,
passports, insurance policies and wills, anytime from anywhere using the
Internet. The MyMedicalRecords Personal Health Record is built on proprietary,
patented technologies to allow documents, images and voicemail messages to be
transmitted and stored in the system using a variety of methods, including fax,
phone, or file upload without relying on any specific electronic medical record
platform to populate a user's account. The Company's professional offering,
MMRPro, is designed to give physicians' offices an easy and cost-effective
solution to dig itizing paper-based medical records and sharing them with
patients in real time through an integrated patient portal. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated turnkey
EMR solution for healthcare professionals. MMR is also an integrated service
provider on Google Health. To learn more about MMR Global, Inc. and its
products, visit www.mymedicalrecords.com and view the videos at
www.mmrtheater.com.
Forward-Looking Statements Any statements contained in this press release that
refer to future events or other non-historical matters are forward-looking
statements. MMRGlobal, Inc. disclaims any intent or obligation to revise or
update any forward-looking statements. These forward-looking statements are
based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press
release and are subject to risks and uncertainties that could cause actual
results to differ materially from current ex pectations. The information
discussed in this release is subject to various risks and uncertainties related
to changes in MMRGlobal, Inc.'s business prospects, results of operations or
financial condition, government regulation, television programming changes, and
such other risks and uncertainties as detailed from time to time in MMRGlobal,
Inc.'s public filings with the U.S. Securities and Exchange Commission.
Contact:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
&n bsp; Media and Entertainment:Information Services
Medical and Healthcare:Healthcare
Medical and Healthcare:Facilities and Providers
Media and Entertainment:Television
NEWS --
POMPANO BEACH, Fla., Aug 24, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
(Pink Sheets: CYPW) announced today that the U.S. Patent and Trademark Office
has issued a Notice of Patent Allowance on the pre-heater coil of the Company's
heat-regenerative external combustion engine.
The patented pre-heater coil serves two important functions for the Cyclone
Engine. First, it absorbs heat from expanding steam at the instant it escapes
from the engine's cylinders to pre-heat the working fluid, de-ionized water,
before entering the combustion chamber. This process increases net cycle thermal
efficiencies and decreases the amount of fuel required to operate the engine.
Secondly, the process acts as a pre-condenser, turning steam back into water
before even entering the condensing unit, allowing the system to cool itself
more efficiently.
"The pre-heater coil is a key component that really separates our
heat-regenerative external combustion engine from steam technology of the past,
and for this reason, it's really an important patent to have issued," stated
Harry Schoell, Cyclone's CEO and inventor of the engine.
The curre nt patent on the Cyclone Engine is its sixth in the United States. The
Company now has patents on each of the major component systems of the engine --
one on its combustion chamber, two on its mechanical operations (comprised of
pistons, valves, bearings and other sub-components), one on the condensing
system, and now one on the unique heat-recuperation processes of the system. The
Company also has an overall patent on the total Cyclone Engine system in the
United States and several other nations throughout the world.
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine
-- an eco-friendly external combustion engine with the power and versatility to
run everything from portable electric generators and garden equipment to cars,
trucks and locomotives. Invented by company founder and CEO Harry Schoell, the
patented Cyclone Engine is a modern day steam engine, ingeniously designed to
achi eve high thermal efficiencies through a compact heat-regenerative process,
and to run on virtually any fuel - including bio-diesels, syngas or solar -
while emitting fewer greenhouse gases and irritating pollutants into the air.
Currently in its late stages of development, the Cyclone Engine was recognized
by Popular Science Magazine as the Invention of the Year for 2008, and was
presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and
2008. Additionally, Cyclone was recently named Environmental Business of the
Year by the Broward County Environmental Protection Department. For more
information, visit www.cyclonepower.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All sta tements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. The company cautions that
these forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any statements in
this release, whether as a result of new information, future events or
otherwise.
SOURCE: Cyclone Power Technologies
CONTACT:
For Cyclone Power Technologies
Media Contact
Will Wellons, 407-462-2718
will@redletterpr.com
or
Company Contact:
Frankie Fruge , 954-943-8721
Frankie@cyclonepower.com
Copyright Business Wire 2010
-0-
KEYWORD: United States
North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Coal
Oil/Gas
Other Ene rgy
Technology
Other Technology
Transport
Rail
Other Transport
Manufacturing
Engineering
&nbs p; Steel
Other Manufacturing
Automotive
Environment
Research
General Automotive
Science
MMRF NEWS --
LOS ANGELES, CA, Aug 24, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mmrglobal.com) through its subsidiary, MyMedicalRecords, Inc.
(www.myme dicalrecords.com), a leading provider of Personal Health Records (PHR)
technology and professional document management and imaging systems, today
announced the signing of a distribution agreement with Image Access Corporation,
Kodak's largest reseller of document imaging products and services. Image
Access, in business for over 20 years, will sell the MMRPro electronic document
management solution to hospitals, alternate care facilities and physician
practices and clinics (www.mmrprovideos.com).
Robert H. Lorsch, Chairman and CEO of MMRGlobal, commented, "We are excited
about Image Access joining our growing list of resellers in support of the
deployment of MMRPro. Image Access through its offering of MMRPro enables its
customers to take the first step toward meaningful use."
MMRGlobal also recently announced its move to new corporate headquarters,
expanding its office space by more than 300%. The offices are located in the
Asso ciated Television International building (www.associatedtelevision.com), the
Company's strategic media and advertising partner, at 4401 Wilshire Blvd. 2nd
Floor, Los Angeles, California 90010. The move will enable MMRGlobal to house
development resources from its technology partner, Nihilent in India. The two
companies are working together in support of MMRGlobal's worldwide expansion of
its products and services, including China.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
financial institutions, and professional organizations and affinity groups.
MyMedicalRecords enables individuals and families to access their medical
records and other important documents, such as birth certificates, passports,
insurance policies and wills, anytime from anywhere using the Internet. The
MyMedicalRecords Personal Health Record is built on proprietary, patented
technologies to allow documents, images and voicemail messages to be transmitted
and stored in the system using a variety of methods, including fax, phone, or
file upload without relying on any specific electronic medical record platform
to populate a user's account. The Company's professional offering, MMRPro, is
designed to give physicians' offices an easy and cost-effective solution to
digitizing paper-based medical records and sharing them with patients in real
time through an integrated patient portal. MMR is an Independent Software Vendor
Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare
professionals. MMR is also an integrated service provider on Google Health. To
learn more about MMR Global, Inc. and its products, v isit
www.mymedicalrecords.com and view the videos at www.mmrtheater.com.
Forward-Looking Statements Any statements contained in this press release that
refer to future events or other non-historical matters are forward-looking
statements, and some can be identified by the use of words (and their
derivations) such as "need," "possibility," "offer," "development," "if,"
"negotiate," "when," "begun," "believe," "achieve," "will," "estimate,"
"expect," "maintain," "plan," and "continue," or the negative of these words.
MMRGlobal, Inc. disclaims any intent or obligation to revise or update any
forward-looking statements. These forward-looking statements are based on
MMRGlobal, Inc.'s reasonable expectations as of the date of this press release
and are subject to risks and uncertainties that could cause actual results to
differ materially from current expectations. The information discussed in this
release is subject to various risks and uncertainties related to changes in
MMRGlobal, Inc.'s business prospects, results of operations or financial
condition, government regulation and initiatives, uncertainties associated with
doing business internationally across borders and territories, and such other
risks and uncertainties as detailed from time to time in MMRGlobal, Inc.'s
public filings with the U.S. Securities and Exchange Commission.
Contact:
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
; Computers and Software:Software
Financial Services:Venture Capital
Lifestyle and Leisure:Personal Care/Fitness
Medical and Healthcare:Dentistry
Medical and Healthcare:Facilities and Providers
Retail:Supermarkets
Medical and Healthcare:Mental He alth
Medical and Healthcare:Nursing
Medical and Healthcare:Surgery and Treatments
Retail:Consumer Interest
Retail:E-Commerce
Medical and Healthcare:Healthcare
NEWS --
POMPANO BEACH, Fla., Aug 17, 2010 (BUSINESS WIRE) -- Cyclone Power Technologies
(Pink Sheets: CYPW) has filed with the OTC Markets its Quarterly Report for the
period ended June 30 , 2010, and has released the following letter to
shareholders:
August 17, 2010
Dear Friends of Cyclone,
Greetings from South Florida! I would like to share with you some of the
financial, technical and operational highlights from the first half of 2010, as
detailed in our Quarterly Report filed with the OTC Markets.
Financial Development
In the first half of 2010 we generated $104,900 of revenue compared to $94,938
for the same period in 2009, an increase of 10%, partially due to the delivery
in 2010 of our biomass-to-power engine system to Robotic Technology under a U.S.
Department of Defense sponsored project. We generated an additional $70,000 in
cash flow during the recent three-month period; however, under GAAP rules until
we deliver prototypes to our customers, these funds are accounted for as
deferred revenue (a balance sheet item). At June 30, we had $595,000 in
cumulative deferred revenue and an additi onal $117,475 in license deposits.
We incurred operating expenses for the first half of 2010 of $1,156,936 as
compared to $1,164,209 for the same period in 2009. Despite having more
engineers on staff as we grow our operations and paying higher professional
services in connection with the filing of audited financial statements with our
2009 Annual Report, our overall R&D costs in the first half of 2010 were lower
than in 2009. This change reflects the assignment of resources from research to
the production of deliverable inventory as some of our engine prototypes near
completion. Overall, however, net loss for the first six months of 2010 was
$1,255,572 as compared to a slightly lower net loss of $1,127,345 for the same
period in 2009.
We ended the second quarter of 2010 with cash of $102,590 and total current
assets of $345,956. Other than debt owed to our officers and directors for
deferred salary and loans provided to the Com pany, we have virtually no
long-term debt -- only $15,950 which is being converted to stock in the third
quarter of 2010. We believe that this fact reduces the financial stress on the
Company and allows us to operate leaner and without fear of defaulting on any
unaffiliated third-party debt. Very few companies can say that in today's
economy.
In the first half of 2010, we partially supported operations by selling
1,750,882 shares of common stock for $145,377, and 81,700 shares of Series A
Preferred Stock for $407,600. We also issued for services 4,068,947 shares of
restricted common stock, 2,500 shares of Series A Preferred Stock and 450,000
common stock options valued at $351,517 in total. As we have said before, we
believe that the continued interest among our key employees and contractors to
receive stock and stock options in lieu of some or all of their cash
compensation demonstrates an unwavering commitment to the completion of our
technological development and the success of our company.
We are still on track to file our initial registration statement with the
Securities and Exchange Commission sometime in the second half of 2010. We are
attempting to coordinate this filing with the raise of additional funds for the
Company, which we hope to complete during the next quarter. In April we added
Bruce Schames as our CFO who will, in addition to his normal duties, assist us
in both this initial filing and future reporting requirements with the SEC.
Bruce has been a licensed CPA since 1971; he has represented both public and
private clients in his own practice since 2001, during which time he conducted
SEC audits and assisted in the preparation and filing of Forms 10-K and 10-Q;
and previously, he served as CFO for two Nasdaq-listed companies. We welcome
Bruce aboard!
You can find our full financial statements with footnotes in our Quarterly
Report for the period ended June 30, 2010, filed with www.otcmarkets.com.
Engine Projects and Technological Development
Waste Energy Recovery: In the second quarter of 2010, we completed the baseline
Waste Heat Engine (WHE-25) and delivered a full waste heat recovery beta system
to our customer, Bent Glass Design, Inc. This power system will produce up to
10kW of electricity from the heat exhausted from their furnaces. Right now
installation is almost complete and we are working with PECO, the local electric
utility, to process our Net Metering application before we flip the switch.
We are also in discussions with several other beta sites to test our waste heat
recovery systems once our initial unit is proven at Bent Glass. We will conduct
these projects through our consolidated subsidiary, Cyclone-WHE LLC, which was
formed with the expectation of generating revenue from the sale and installation
of complete waste heat recovery systems ( i.e., not through licensing revenue, as
is Cyclone's business model). Christopher Nelson, our General Counsel, has been
appointed as Managing Director of this subsidiary, and over the following
months, will be building a team around him to pursue this very exciting and
widely underserved market.
With respect to our WHE-25 engine, our licensee Great Wall Alternative Power
Systems Ltd. has completed the first phase of its License Agreement involving
the establishment of secure intellectual property protocols in China for our
technology, and will now enter the production prototyping phase of the WHE-25
for multiple waste and renewable energy applications for the China market.
We also continue to advance the development of our flagship Mark V engine for
use with waste oil fuels. Dynomometer testing of this engine to date has
demonstrated excellent, albeit early, power and performance results. Engineering
extrapolations based on the current engine configuration confirm output of
approximately 55 hp at 1800rpm and over 100hp at 3600prm. This project is being
funded in part by Phoenix Power Group, who has also teamed-up with Clean Burn
Energy Systems, the leading manufacturer and distributor of waste oil heaters in
the world, and several potential customers for these important renewable energy
products.
Military: In the first half of 2010, we delivered our biomass-to-power system to
our client Robotic Technology Inc., which commissioned the system pursuant to
its Phase II SBIR project sponsored by the Defense Advanced Research Projects
Agency (DARPA), an agency of the U.S. Department of Defense. Similar to our
waste energy projects noted above, we believe that there are vast commercial
opportunities for Cyclone's biomass-to-power system beyond military purposes,
and we are currently in discussions with several potential customers to develop
biomass and combined h eat & power (CHP) systems for the residential markets
worldwide.
In the first half of 2010, we also continued to perform testing and design
services for Raytheon Integrated Defense Systems, a business of Raytheon
Company. We have two outstanding purchase orders from them for design and
development services, and we continue our discussions regarding the next phases
of a larger collaborative project slated to begin in late 2010.
Solar: Our solar thermal engine (S-1) being developed for Renovalia Energy is
progressing well and performance testing has commenced during the second quarter
of 2010. We are achieving power output in excess of what we originally
calculated, and making excellent headway with increasing the durability of
component parts. We anticipate phase 1 prototyping of this engine to be
completed soon.
Land Steam Record: As development of our Mark V engine progresses (see above),
so does our project with the U.S . Land Steam Record team, which plans to use
this engine to power the fastest steam vehicle on earth. We will not make the
August/September 2010 time trials in Bonneville, UT, but we are expecting to
conduct unofficial tests in North Carolina in the Spring of 2011, and then
attempt another official run in Bonneville next year.
Between our Mark V, S-1 and WHE-25 engines, we are very pleased with the overall
development status of our technology. Many people do not realize that we have
almost 1,000 hours of running and testing our engines, have achieved verified
thermal efficiencies above 30%, and are very close to putting the first of these
engine models into small-scale commercial production.
During the first half of 2010 we made great strides in the advancement of our
technology and business. We are very thankful for your support in helping make
this happen. It is our goal to make a meaningful impact on our world by
introducing an engine that challenges the way we currently produce power for
electrical, automotive and other important everyday applications. By using pure
renewable biofuels, waste heat and waste fuels, solar thermal heat and biomass
all in Cyclone Engines, we feel the possibilities for our collective future are
very bright.
Sincerely,
Harry Schoell, CEO & Director
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine
-- an eco-friendly external combustion engine with the power and versatility to
run everything from portable electric generators and garden equipment to cars,
trucks and locomotives. Invented by company founder and CEO Harry Schoell, the
patented Cyclone Engine is a modern day steam engine, ingeniously designed to
achieve high thermal efficiencies through a compact heat-regenerative process,
and to run on virtually any fuel - including bio-diesels, syngas or solar -
w hile emitting fewer greenhouse gases and irritating pollutants into the air.
Currently in its late stages of development, the Cyclone Engine was recognized
by Popular Science Magazine as the Invention of the Year for 2008, and was
presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and
2008. Additionally, Cyclone was recently named Environmental Business of the
Year by the Broward County Environmental Protection Department. For more
information, visit www.cyclonepower.com.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objecti ves of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. The company cautions that
these forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any statements in
this release, whether as a result of new information, future events or
otherwise.
SOURCE: Cyclone Power Technologies
CONTACT:
Cyclone Power Technologies
Media Contact
Will Wellons, 407-462-2718
will@redletterpr.com
or
Company Contact:
Frankie Fruge, 954-943-8721
Frankie@cyclonepower.com
Copyright Business Wire 2010
-0-
KEYWORD: &n bsp; United States
North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Automotive
Environment
Defense
Contracts
&nb sp; General Automotive
SUBJECT CODE: Letter
MMRF NEWS --
LOS ANGELES, CA, Aug 16, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (jointly, "the Company" and "MMR") (www.mmrglobal.com) today filed
its quarterly statement for the six months ended June 30, 2010.
Revenues for the first six months from sales of the Company's consumer and
professional products, MyMedicalRecords, MyEsafeDepositBox and MMRPro, were up
by 58.6% over 2009. Total sales for these products, including Deferred Revenue
(the portion of the Company's sales that is to be recognized monthly over the
term of agreements with our customers), have increased by 94%. Total Revenues
for the three months ended June 30, 2010, including the Company's core products
and licensing fees, were up by 21% as compared to 2009. Total sales for the same
period, including Deferred Revenue, were up 60.7% as compared to 2009.
According to Ingrid Safranek, the Company's Chief Financial Officer, "We reduced
total liabilities by $2.4 million or 28.5%. In addition, we reduced Accounts
Payable by $451 thousand or 15%. Although we disclosed an Accounts Payable
balance of $2.5 million, $1.6 million of that balance is attributable to the
reverse merger wi th Favrille, Inc. and only $272 thousand represents MMR trade
payables necessary to operations. Accordingly, we maintain good relationships
with our vendors."
Safranek continued, "In the last quarter, we were able to issue equity in lieu
of cash to reduce liabilities by $1 million. We plan on using our equity to
further reduce liabilities and strengthen our balance sheet based on our
vendors' belief in the value of the Company. Our ability to issue equity for
services has afforded us the opportunity to support sales of MMRPro and other
advertising and marketing programs as well as continuing to exploit patent
opportunities with our biotech assets. Only $1.2 million of our loss was
cash-related. The remaining amount represents non-cash expenses driven by $5.6
million from the application of accounting principles to value derivative
liabilities and equity as well as an additional $1.0 million from stock options,
warrants and common st ock issued for services. These warrants and stock options
have enabled us to obtain services that a Company our size would not otherwise
have been able to afford."
According to Robert H. Lorsch, Chairman and CEO of MMRGlobal, "We are well on
our way toward executing on our business plan to achieve a global footprint from
which we will sell our proprietary line of Personal Health Record
(www.mmrvideos.com) and MyEsafeDepositBox (www.myesafevideos.com) products and
MMRPro professional medical record products and services (www.mmrprovideos.com).
However, growing a technology company in health care costs money. Accordingly,
we are incurring increasing costs necessary to our growth. For example, we are
now deploying development teams both in the U.S. and China to support the
UNIS-TongHe transaction."
"We are also expanding technical and development resources at home with
increased staff in support of MMRPro," said Lorsch. "This inclu des adding
resources necessary to provide services that will meet meaningful use criteria
and enable customers who use our products to qualify for government stimulus
around the world. In addition, we are relocating our most experienced
development resources to the U.S. from Nihilent headquarters in India to work
with our management team and our customers directly."
"Also, I plan on being in India in October for the launch of a Nihilent and
MMRGlobal joint sales effort to small-sized health care professionals, hospitals
and the government in India. At the same time, we are also increasing the size
of our processing, hosting and IT infrastructure, adding more feature-rich
facilities designed to reduce cost and increase scalability which should
ultimately improve margins," added Lorsch.
The Company has also begun the process of spending significantly more money on
advertising, marketing and sales promotion using television (www.mm rontv.com)
the web and through affiliate partnerships. An example is the "$25.00 Check-Up"
refund program which launched on the Company's MyMedicalRecords.com website
today.
MMR is also in the process of upgrading MMRPro (www.mmrprovideos.com), the
Company's professional document imaging and management system for health care
professionals. For instance, recently added features enable forms to be
customized to an existing office practice resulting in the ability to access
customized forms from MMRPro on demand. As such, doctors are able to use the
forms they use today and still continue to move toward meaningful use.
Additionally, the Company is working with several major hospital groups to help
market MMRPro systems to doctors associated with these specific hospital groups.
This is part of a program designed to help monetize MMRPro patient upgrades.
Also, MMR is starting to call on physician offices in the United States through< BR>the Kodak nationwide reseller channel.
Patient upgrades enable health care professionals to take advantage of the
MMRPro "Stimulus Program" (http://mmrvideos.com/stimulus). This program creates
a revenue stream for physicians from patient upgrades. The Company believes that
its Stimulus Program can generate more than twice the $44,000 in revenue for
physicians than the government's HITECH Act stimulus program in much less time.
The Company continues to actively explore opportunities with its pre-merger
Favrille biotech assets. In association with GRSworldwide, MMRGlobal is working
to bring its anti-CD20 monoclonal antibodies to market. These antibodies are
potentially useful in treating B-Cell malignancies, including Non-Hodgkin's
Lymphoma (NHL) and additional B-Cell mediated conditions such as rheumatoid
arthritis. MMR's anti-CD20 antibody asset is potentially a candidate for a next
generation of Rituximab, marketed under the t rade name Rituxan(R) in the United
States by Biogen Idec and Genentech (wholly owned member of the Roche Group) and
under the name MabThera(R) by Roche in the rest of the world except Japan, where
it is co-marketed by Chugai and Zenyaku Kogyo Co. Ltd. Rituxan/MabThera is one
of the world's most successful monoclonal antibodies with reported total sales
in 2009 in excess of US$5.6 billion.
MMRGlobal also continues to pursue various national phase filings from the
Patent Cooperation Treaty patent application directed to the anti-CD20
monoclonal antibodies, including in the United States, Australia, Brazil,
Canada, China, Europe, India, Japan, South Korea and Mexico. The Company has
further been addressing opportunities pertaining to intellectual property rights
involving B and T cell vaccine technology relative to the FavID vaccine in
various stages in the United States and foreign countries through its reverse
merger with Favrille. M MRGlobal is also in the process of filing certain patents
regarding numerous aspects of the FavID vaccine, a portion of which has been
recently granted.
The Company continues its activities in support of the launch of the
Chartis-branded MyEsafeDepositBox product, which plans to provide MMR's secure
online virtual safe and Personal Health Record products and services to Chartis
policyholders worldwide, while it further works with Chartis on opportunities to
offer its products domestically as well.
Additionally, MMRGlobal is in active negotiations with one of the world's
largest financial institutions regarding the development of paperless loan
processing and delivery solutions whereby loan documents can be delivered
electronically through the Company's MyEsafeDepositBox product, with resultant
completed documents being filed in a permanent online MyEsafeDepositBox account.
"We are pursuing several Merger and Acquisition oppo rtunities that could
accelerate growth, expand the Company's product line and enable us to offer more
services consistent with criteria for meaningful use, specifically PHR and EMR
related," Lorsch added. "We have always intended to grow MMR into a much larger
organization. However, it takes money and patience to grow a company. For
example, Amazon went public in 1997, and had a net loss of $31 million, followed
by a net loss of $125 million, and almost $720 million in 1998 and 1999,
respectively. In their last annual report for the year ended 2009, they had net
income of $902 million."
About MMRGlobal, Inc. MMR Global, Inc., through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use
online Personal Health Records ("PHRs") and electronic safe deposit box storage
solutions, serving consumers, healthcare professionals, employers, insurance
companies, financial institutions, and profe ssional organizations and affinity
groups. MyMedicalRecords enables individuals and families to access their
medical records and other important documents, such as birth certificates,
passports, insurance policies and wills, anytime from anywhere using the
Internet. The MyMedicalRecords Personal Health Record is built on proprietary,
patented technologies to allow documents, images and voicemail messages to be
transmitted and stored in the system using a variety of methods, including fax,
phone, or file upload without relying on any specific electronic medical record
platform to populate a user's account. The Company's professional offering,
MMRPro, is designed to give physicians' offices an easy and cost-effective
solution to digitizing paper-based medical records and sharing them with
patients in real time through an integrated patient portal. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated turnkey
EM R solution for healthcare professionals. MMR is also an integrated service
provider on Google Health. To learn more about MMR Global, Inc. and its
products, visit www.mymedicalrecords.com and view the videos at
www.mmrtheater.com.
Forward Looking Statement Statements in this press release that are not strictly
historical in nature constitute "forward-looking statements." Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the Company's actual results to be materially
different from historical results or from any results expressed or implied by
such forward-looking statements. Some can be identified by the use of words (and
their derivations) such as "need," "possibility," "offer," "development," "if,"
"negotiate," "when," "begun," "believe," "achieve," "will," "estimate,"
"expect," "maintain," "plan," and "continue," or the negative of these words.
Any comparisons made with other companies are for illustrative purposes only and
do not imply any similar levels of growth, revenue, or income. Factors that
could cause or contribute to such differences include, but are not limited to,
the risk the Company's products are not adopted or viewed favorably by the
health care community; risks related to the current uncertainty and instability
in financial and lending markets, including global economic uncertainties;
variations in our quarterly operating results; timing and volume of sales and
installations; length of sales cycles and the installation process; market
acceptance of new product introductions; ability to establish and maintain
strategic relationships; ability to identify and integrate acquisitions;
relationships with licensees; competitive product offerings and promotions;
changes in government laws and regulations and future changes in tax legislation
and initiatives in the health care industry; undetecte d errors in our products;
possibility of interruption at our data centers; risks related to third party
vendors; risks related to obtaining and integrating third-party licensed
technology; acceptance of the Company's marketing and promotional campaigns;
risks related to a security breach by third parties; maintaining, developing and
defending our intellectual property rights including those pertaining to our
biotechnology assets; risks associated with recruitment and retention of key
personnel; uncertainties associated with doing business internationally across
borders and territories; and additional risks discussed in the Company's filings
with the Securities and Exchange Commission. Additionally, we are a developing
early-stage company and many variables can affect revenues and/or projections,
including factors out of our control. The Company is providing this information
as of the date of this release and, except as required by law, doe s not
undertake any obligation to update any forward-looking statements contained in
this release as a result of new information, future events or otherwise.
CONTACT:
Bobbie Volman
MMRGlobal, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:bvolman@mmrmail.com
mailto:ms@publiccommunications.biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
; Financial Services:Commercial and Investment Banking
Financial Services:Investment Services and Trading
Financial Services:Venture Capital
Professional Services:Investor Relations
Medical and Healthcare:Facilities and Providers
Medical and Healthcare:Healthcare
Pharmaceuticals and Biotech:Equipment and Supplies
Government:National
NEWS --
LOS ANGELES, CA, Aug 13, 2010 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc.
(OTCBB: MMRF) (www.mmrglobal.com) today announced it will release financial
results for the second quarter ended June 30, 2010 after the close of market on
Monday, August 16, 2010. The Company expects to exceed expectations for the
first six months of 2010.
"We are continuing to execute on our business plan, expanding globally, moving
offices, and doubling the size of our IT infrastructure in the United States
while deploying development resources in China," said Robert H. Lorsch, Chairman
and CEO of MMRGlobal. "We're excited about the interest in MyEsafeDepositBox
from financial institutions. We are actively involved in pursuing M&A
opportunities in our core business of personal and electronic health records and
patent opportunities with our biotech assets. Additionally, next week we will
launch the first-ever online promotion program to consumers designed to
encourage them to better health by activating a MyMedicalRecords Personal Health
Record account (www.mmrvideos.com). MMRGlobal is an entrepreneurial company, and
like a NASA where many commercial products and service s are a byproduct of its
core space missions, we believe our technologies can generate many ways to
provide life-saving tools that can be offered to a variety of business and
industries. Although we began with Personal Health Records, we continue to
develop new products and relationships, such as with Kodak and Chartis
International."
The Company believes that the restructuring of the healthcare system in the
United States will continue to present ongoing opportunities for uses of its
products and services to consumers, healthcare professionals and corporations.
About MMRGlobal, Inc. MMR Global, Inc., through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use
online Personal Health Records ("PHRs") and electronic safe deposit box storage
solutions, serving consumers, healthcare professionals, employers, insurance
companies, financial institutions, and professional organizations and affinity
groups. MyMedicalRecords enables individuals and families to access their
medical records and other important documents, such as birth certificates,
passports, insurance policies and wills, anytime from anywhere using the
Internet. The MyMedicalRecords Personal Health Record is built on proprietary,
patented technologies to allow documents, images and voicemail messages to be
transmitted and stored in the system using a variety of methods, including fax,
phone, or file upload without relying on any specific electronic medical record
platform to populate a user's account. The Company's professional offering,
MMRPro, is designed to give physicians' offices an easy and cost-effective
solution to digitizing paper-based medical records and sharing them with
patients in real time through an integrated patient portal. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated turnkey
EMR solution for health care professionals. MMR is also an integrated service
provider on Google Health. To learn more about MMR Global, Inc. and its
products, visit www.mymedicalrecords.com and view the videos at
www.mmrtheater.com.
Forward-Looking Statements Any statements contained in this press release that
refer to future events or other non-historical matters are forward-looking
statements, and some can be identified by the use of words (and their
derivations) such as "need," "possibility," "offer," "development," "if,"
"negotiate," "when," "begun," "believe," "achieve," "will," "estimate,"
"expect," "maintain," "plan," and "continue." MMRGlobal, Inc. disclaims any
intent or obligation to revise or update any forward-looking statements. These
forward-looking statements are based on MMRGlobal, Inc.'s reasonable
expectations as of the date of this press release and are subject to risks and
uncertainties that could cause actual results to differ materia lly from current
expectations. The information discussed in this release is subject to various
risks and uncertainties related to changes in MMRGlobal, Inc.'s business
prospects, results of operations or financial condition, government regulation,
and such other risks and uncertainties as detailed from time to time in
MMRGlobal, Inc.'s public filings with the U.S. Securities and Exchange
Commission.
CONTACT:
Bobbie Volman
MMRGlobal, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMRGlobal, Inc.
CONTACT: mailto:bvolman@mmrmail.com
mailto:ms@publiccommunications .biz
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Internet
Lifestyle and Leisure:Family
Medical and Healthcare:Healthcare
Medical and Healthcare:Facilities and Providers
Lifestyle and Leisure:Personal Care/Fitness