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dPollution (RMGX) Reports European Agreement for 3,000 Units
NEW YORK, NEW YORK, Dec. 8, 2010 (Marketwire) -- dPollution International Inc. (PINK SHEETS:RMGX) is pleased to announce it has received a request for the supply of 3,000 units of its patented dPollution Device.
The units are to be delivered to Stem Italia S.R.L. of Rome, Italy and distributed to the members of A.N.C. Associazione Nazionale di Categoria Trasporto Persone e Mobilita, the association of tourist bus drivers in the Province of Lazio, Italy.
A.N.C. will be acquiring the units to install on its members fleets of diesel buses to ensure their compliance with the Province of Lazio's new Low Emission Zone (LEZ) standards, which will be enforced starting in 2011.
Over the last four months, A.N.C. members have been field testing 10 dPollution Device units on fleet busses driving actual city routes. To qualify as a compliance technology under Rome's low-emission-zone program, solutions must reduce particulate matter (PM). Extensive testing by independent research facilities has demonstrated that the dPollution Device delivers the required reductions, while also providing operators with fuel savings.
As part of the field test, dPollution is optimizing its technology for specific engine types and driving conditions and could begin shipping units as soon as March 2011.
After Rome's LEZ program takes effect, commercial truck operators wishing to enter the Rome LEZ must ensure their vehicles comply with the new environmental standards or pay a fine each time their vehicles enter the zone.
Currently, more than 70 cities and towns in eight countries around Europe operate or are preparing Low Emission Zones. LEZs are implemented in areas where air pollution is at levels that are dangerous to health.
In response to the rapid proliferation of Low Emission Zones across Europe, commercial and public fleet owners are searching for alternative solutions to costly retrofits or full vehicle replacements.
"The dPollution Device is an affordable, easy-to-implement option for operators to upgrade their vehicles so that they conform to low emission zone legislation," stated President and CEO Rocco Di Fruscia. "This request is a significant step forward for our company, and we're excited about the opportunity it represents for us and for our valued shareholders."
About dPollution International Inc.
dPollution (PINK SHEETS:RMGX) owns the exclusive manufacturing and distribution rights to a patented fuel-conditioning technology that reduces polluting emissions and increases mileage. dPollution's innovative products improve engine performance by causing fuel to combust more efficiently and completely. The technology works on all closed-combustion engines, including those used in cars, trucks, buses, trains and heavy equipment. For more information, visit www.dPollution.com.
Forward looking statements
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Risk factors listed from time to time in its news releases and its filings with the PinkSheet OTC Market Services may impact the Company's actual performance and future results. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements.
dPollution International Inc. President & CEO 514 586-3799 dPollution International Inc. Public Relations 514 586-3799 mike@dpollution.com www.dPollution.com
Source: Marketwire Canada (December 8, 2010 - 11:19 AM EST)
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Alderon Exercises Option to Acquire 100% Interest in Kami Iron Ore Project and Completes 25,749m of Drilling
Dec. 8, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/08/10 -- Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon") is pleased to announce that it has exercised its option right (the "Option") under an Option Agreement dated November 2, 2009, pursuant to which Alderon has acquired a 100% interest in the Kamistiatusset ("Kami") iron ore project in western Labrador from Altius Resources Inc. ("Altius"). Altius is a wholly-owned subsidiary of Altius Minerals Corporation (TSX: ALS). In order to complete the exercise of the Option, Alderon has issued an aggregate of 32,285,006 common shares from its treasury to Altius. In addition, Altius' Chairman, John Baker, and CEO, Brian Dalton, have been nominated for election to the Alderon Board of Directors at the Annual General Meeting ("AGM") which is being held on December 10, 2010. Details regarding the AGM can be found on the company website at http://www.alderonmining.com/corporate/agm/. Altius will also retain a 3% gross sales royalty on iron ore concentrate from the Kami Project.
Alderon is also pleased to announce the completion of the 2010 drill program. A total of 25,749 meters (m) have been drilled on the property, representing 73 drill holes. Assay highlights with drill plan maps and sections from the 2010 program are posted on the Alderon website at: http://www.alderonmining.com/projects/kami/. An initial National Instrument 43-101 ("NI 43-101") resource estimate is underway and is expected to be complete in the first quarter of 2011. Watts, Griffis and McOuat Limited ("WGM") have been commissioned to provide this resource estimate and have already completed the required site visits and sampling program.
A $2.5 million 2011 winter drill program has been planned and is aimed at further increasing the potential size of the iron ore resource. The program will consist of 5,000m of drilling in North Rose and is expected to commence during the last week of January and take approximately seven weeks to complete. The 2010 and winter 2011 programs are designed with the goal of delineating 600 to 800 million tonnes at a grade between 28-32% iron ore. The potential tonnage and grade are conceptual in nature and it is uncertain if further exploration will delineate a mineral resource. An updated NI 43-101 resource estimate will follow the 2011 winter program and is expected late in the second quarter of 2011.
"The completion of the exercise of option as well as the 25,000m drill program represent significant milestones in the company's development", says Mark Morabito, President and Chief Executive Officer of Alderon. "We're looking forward to 2011 when we expect to complete two resource estimates, a scoping study and full metallurgical program."
About Alderon
Alderon is a leading iron ore exploration and development company in Canada. The Kami Project is located within an existing iron ore district and is surrounded by producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.
Alderon's exploration work on the Kami Property is supervised by Edward Lyons, P.Geo., the Chief Geologist for Alderon and a Qualified Person as defined by NI 43-101. Mr. Lyons has reviewed and is responsible for the technical information contained in this news release.
For more information on Alderon, please visit our website at www.alderonmining.com
ON BEHALF OF THE ALDERON BOARD
Mark J. Morabito, President & CEO
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with outstanding litigation, if any; risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Alderon Resource Corp. - Vancouver Office
Mark J. Morabito
President & CEO
604-681-8030
604-681-8039 (FAX)
info@alderonmining.com
www.alderonmining.com
Alderon Resource Corp. - Toronto Office
416-309-2135
416-861-5887 (FAX)
Source: Marketwire (December 8, 2010 - 1:00 PM EST)
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CORRECTION FROM SOURCE: Consolidated Goldfields Reports Drill Results at the Cahuilla Project
RENO, NEVADA, Dec. 8, 2010 (Marketwire) -- Consolidated Goldfields Corporation (PINK SHEETS:CDGF) is pleased with the final results from the first diamond drill hole completed at the Cahuilla gold-silver project in Imperial County, California. The Cahuilla Project is a large epithermal, paleo-hot springs system hosting multiple bonanza-grade veins that occur within an extensive body of disseminated gold-silver mineralization.
The Company has completed three diamond drill core holes totaling 1,356 feet (413.3m). The holes were drilled within one of the main historical resource areas and spaced approximately 300 feet (91.4m) apart to evaluate and substantiate existing gold and silver mineralization. The major purpose of obtaining this new drill data is to calculate a NI 43-101 compliant resource.
The first core hole, CAH-111, was drilled to a depth of 587 feet and anomalous gold plus silver mineralization was encountered from 34 feet to the bottom of the hole. Significant intercepts include: http://media3.marketwire.com/docs/1208CDGF.jpg
Evaluation of assay results for the first hole shows that there are significant amounts of silver in many of the mineralized zones. The historical resources were estimated for gold only and did not include silver, which will represent a favorable addition to the mineral model when included in the new NI 43-101 compliant resources. The associated down-hole geochemistry is also positive and indicates that the epithermal system is very clean as demonstrated by the anonymously low mercury, arsenic and antimony values.
The purpose of the first core hole was to drill an angle within the resource area that passed through older vertical reverse circulation holes to better evaluate the continuity of precious metal mineralization as well as the down-hole geochemistry. The second and third diamond drill holes were vertical and twinned TM - 41 and TM - 59 which were drilled by the Torres Martinez Tribe in the early 1990's. The company will use this data to compare with historical drill results and confirm assay information that was utilized in the 1996 Mine Development Associates resource estimate.
The historical resource was estimated when gold prices were between $350 and $400 per ounce and did not include silver and the high grade veins. The company anticipates that updating the historical resource using NI 43-101 guidelines along with the addition of silver and high grade veins will significantly improve the mineral model and provide a more accurate estimate of the precious metal resources at Cahuilla.
Samples from the second and third holes are currently being prepared for assay and will be delivered to Inspectorate Laboratories in Reno, Nevada in December. The Company is planning to resume Phase 1 drilling in the first quarter of 2011. The primary objective of the Consolidated and Teras continues to focus on expanding the current mineral model to substantially increase underground resources and evaluate the development of both a high grade underground and large open pit mining operation.
Thomas E. Callicrate B.Sc., Professional Geologist is the company's nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the company's properties. Mr. Callicrate has reviewed and verified the technical information contained in this news release.
Certain information contained in this news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections. However, such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from such forward-looking statements. The Company disclaims any intent or obligation to update publicly any forward-looking statements set forth herein, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Consolidated Goldfields Corporation Vice President Corporate Development (403) 852-0644 Consolidated Goldfields Corporation Investor Relations (503) 313-2586
Source: Marketwire Canada (December 8, 2010 - 2:34 PM EST)
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Mueller Year-End Update
Dec. 8, 2010 (GlobeNewswire) --
SPRINGFIELD, Mo., Dec. 8, 2010 (GLOBE NEWSWIRE) -- The Paul Mueller Company(Pink Sheets:MUEL) announced today that all domestic production facilities would remain open throughout the holiday season in order to support customer commitments and its ongoing workload. This includes manufacturing facilities in Springfield, Missouri, and Osceola, Iowa. Domestic operations will observe employee holidays: Thursday, December 23rd, Friday, December 24th, Thursday, December 30th, and Friday, December 31st.
European manufacturing facilities in Lichtenvoorde, The Netherlands, will close as scheduled for two weeks during the holidays. Business remains strong for the European operations; therefore, the European sales and service organizations will be in full operation during the holidays. As Paul Mueller Company closes out 2010, domestic operations are experiencing a modest increase in new bookings.
Since February, 2010, Paul Mueller Company has increased its domestic production personnel by over 48% in its Osceola facility, and approximately 25% in the Springfield facilities. The Company expects to enter 2011 with a higher global backlog of approximately 11% as compared to the beginning of 2010.
We wish all of our Employees, Shareholders, Customers, Suppliers, and Friends a very happy holiday season!
Matt Detelich
President & CEO
This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance growth, conditions or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statements due to a variety of factors, including but not limited to the factors described on page 33 of the Company's 2009 Annual report. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.
CONTACT: Paul Mueller Company
Springfield, Missouri
Michael W. Young, Director of Human Resource
(417) 831-3000
Source: Globe Newswire (December 8, 2010 - 3:23 PM EST)
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Q.E.P. Co., Inc. Announces Board Member Appointment
Dec. 8, 2010 (GlobeNewswire) --
BOCA RATON, Fla., Dec. 8, 2010 (GLOBE NEWSWIRE) -- Q.E.P. Co., Inc. (Pink Sheets:QEPC) (the "Company") announced today that it has elected a new Board member, Martin E. Cooperman, CPA. He will join the current board officially at the Company's next Board meeting.
Mr. Cooperman was most recently a Senior Leadership Team Member of Grant Thornton LLP, prior to his retirement from the firm, assisting in its significant growth during the past several years. In addition, Mr. Cooperman was the Northeast Managing Partner of Grant Thornton LLP, helping to drive the growth and profitability of the region. Mr. Cooperman originally joined Grant Thornton in 1975. He has been honored as the recipient of the UJA Accountant of the Year and the Ellis Island Medal of Honor. Grant Thornton LLP has been Q.E.P.'s auditor for the last 25 years.
Lewis Gould, the Company's Chairman and C.E.O., commented, "I am extremely pleased to have Marty join our Board of Directors. He not only brings with him years of experience, many with Q.E.P., but also his vision that will help Q.E.P. continue to grow and develop new strategies."
Q.E.P. Co., Inc., founded in 1979, is a leading worldwide manufacturer, marketer and distributor of a comprehensive line of hardwood flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. Under brand names including QEP®, ROBERTS®, Capitol®, Harris®Wood, Vitrex®, PRCI®, BRUTUS® and Elastiment®, the Company markets over 3,000 flooring and flooring related products. In addition to a complete hardwood flooring line, Q.E.P. products are used primarily for surface preparation and installation of wood, laminate, ceramic tile, carpet and vinyl flooring. The Company sells its products to home improvement retail centers and specialty distribution outlets in 50 states and throughout the world.
CONTACT: Q.E.P. Co., Inc.
Lawrence P. Levine, Senior Vice President and
General Counsel
561-994-5550
Fax: 561-994-1530
Source: Globe Newswire (December 8, 2010 - 3:43 PM EST)
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Remodel Auction Closes Acquisition of Scenic Railroad and Land Assets for $21.5 Million in Cash and Preferred Stock
Dec. 8, 2010 (GlobeNewswire) --
CHARLOTTE, N.C., Dec. 8, 2010 (GLOBE NEWSWIRE) -- Remodel Auction, Inc. (Pink Sheets:REMDD) announced today it has closed its agreement to acquire 49% ownership interests in the Great Smokey Mountain Railroad of Bryson City, North Carolina, the Texas State Railroad located in Cherokee and Anderson Counties, Texas, and also a 100% ownership interest of SB Partners, LLC, which owns over 100 fully developed residential lots in the Southbridge at Berwick Plantation community in Savannah, Georgia. As part of the transaction, Remodel Auction's name is being changed to American Heritage Family Parks. (AHFP).
Heritage Tourism is a fast growing segment of the United States travel industry and the new board of directors has over 20 years of experience and a proven track record in the tourism industry.
Steve Shiver, President/CEO, states, "American Heritage Family Parks, Inc. is dedicated to the preservation and enhancement of attractions depicting America's way of life from the early revolutionary times to today's ever changing environment. We have targeted additional acquisitions which will be compatible with our mission to preserve American History through profitable, educational and entertaining endeavors. Further, this is a very positive step forward in our efforts to combine the strength of a public entity with proven management and leadership in the Heritage Tourism niche market."
Al Harper, Chairman of American Heritage Railways and Owner of the Country's flagship scenic railway, the Durango-Silverton Narrow Gauge Railroad, www.Durangotrain.com, states, "We are pleased with both the management and legal team's ability to close this transaction and I look forward to its future."
The Company will now focus on its efforts to complete negotiations to acquire Ghost Town in The Sky, in Maggie Valley which will celebrate its 50 year anniversary if opened in 2011. Ghost Town in The Sky is a 100 acre family theme park with over 150 additional acres of land located in the Smoky Mountains of Western North Carolina.
CONTACT: Remodel Auction, Inc.
Clinton F. Walker
(888) 269-0782
Fax:(208) 545-9663
info@remodelauction.com
www.gsmr.com
www.texasstaterr.com
Source: Globe Newswire (December 8, 2010 - 3:57 PM EST)
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Avalon Enters Into Negotiation Agreement With the Yellowknives Dene First Nation
Dec. 8, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 12/08/10 -- Avalon Rare Metals Inc. (TSX: AVL)(OTCQX: AVARF) ("Avalon" or the "Company") is pleased to announce that it has entered into a Negotiation Agreement with the Yellowknives Dene First Nation ("Yellowknives") regarding the Nechalacho rare earth elements deposit located at Thor Lake, 100 kilometres southeast of Yellowknife, Northwest Territories (the "Project"). This form of initial agreement (often referred to as a Memorandum of Understanding), is done in order to frame the negotiations towards an impacts and benefits type agreement.
The Negotiation Agreement outlines broad principles for co-operation and provides the basis for the negotiation of an Accommodation Agreement. The Accommodation Agreement (like an "Impacts and Benefits" agreement), if agreed to, will be structured to mitigate any adverse impacts of project development, define the benefits to the parties and provide greater certainty with respect to the development of the Project.
After several years of regular consultation, Avalon and the Yellowknives have established a co-operative and respectful relationship for responsible mineral development in the Yellowknives' traditional territory, known as the Chief Drygeese Territory. The Company and the Yellowknives intend to continue and broaden this relationship through these negotiations. Accommodation Agreements typically cover a number of topics such as environmental protection, business and employment opportunities, in respect of the Project. Avalon and the Yellowknives have agreed to commence negotiations on the Accommodation Agreement as soon as possible, with the objective of concluding this agreement in 2011.
Don Bubar, President and CEO of Avalon, stated: "We are very pleased with the positive relationships we have built within the Yellowknives Dene First Nation community to date and look forward to strengthening these relationships as we move forward with the Project. The signing of this Negotiation Agreement is reflective of Avalon's commitment to working collaboratively with our aboriginal partners in the north and our commitment generally to socially responsible mineral development."
About Avalon Rare Metals Inc. (TSX: AVL)(OTCQX: AVARF)
Avalon Rare Metals Inc. is a mineral exploration and development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable 'heavy' rare earth elements, which are key to enabling advances in green energy technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily. Social responsibility and environmental stewardship are corporate cornerstones. Avalon's performance on community engagement in the north earned it the 2010 PDAC Environmental and Social Responsibility Award.
Shares Outstanding: 92,391,470. Cash resources: approximately $39 million.
To find out more about Avalon Rare Metals Inc., please visit our website at www.avalonraremetals.com.
This news release contains forward-looking information and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
Contacts:
Avalon Rare Metals Inc.
Don Bubar
President
416-364-4938
416-364-5162 (FAX)
ir@avalonraremetals.com
www.avalonraremetals.com
Source: Marketwire (December 8, 2010 - 4:30 PM EST)
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ALDA Pharmaceuticals Corp.: Private Placement
Dec. 8, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/08/10 -- ALDA Pharmaceuticals Corp. (TSX VENTURE: APH)(OTCQB: APCSF) (the "Company" or "ALDA") announces that it is undertaking a non-brokered private placement of up 2,000,000 units of the Company (the "Units") at a price of $0.10 per Unit for proceeds to the Company of up to $200,000. Each Unit will consist of one common share of ALDA and one non-transferable share purchase warrant entitling the holder to acquire one additional common share of ALDA at a price of $0.20 per common share for a period of 24 months from the date of the issuance of the purchase warrant with a forced exercise provision attached to each warrant commencing on the day following the expiry of any applicable hold period on the underlying Common Share, stating that if, for ten consecutive trading days, the closing price of the listed shares of the Company exceeds $0.40 then the exercise period of the warrants will be reduced to a period of 10 days following such trading days.
Certain insiders of the Company have been selling common shares of ALDA through the facilities of the TSX Venture Exchange in connection with this private placement and will reinvest up to $175,000 of the proceeds in the private placement. Accordingly, insiders of ALDA will be subscribing for over 25% of the offering, constituting a related party transaction pursuant to Multilateral Instrument 61-101 and TSX Venture Exchange Policy 5.9 which is exempt from the requirement to obtain an independent valuation pursuant to Section 5.5(b) of MI 61-101 and the requirement to obtain minority shareholder approval pursuant to Section 5.7(1)(b) of MI 61-101.
The offering is being made on a private placement basis pursuant to registration and prospectus exemptions of applicable securities laws and is subject to acceptance by the TSX Venture Exchange. All securities issued will be subject to a four month restricted period and will bear a restrictive legend accordingly. Net proceeds from the offering will be used for working capital purposes.
About ALDA Pharmaceuticals Corp.
ALDA is focused on the development of infection-control therapeutics derived from its patented T36® technology. The company trades on the TSX Venture Exchange under the symbol APH and on the OTCQB under the symbol APCSF. The Company was the Official Supplier to the Vancouver 2010 Olympic Winter Games and the Vancouver 2010 Paralympic Winter Games and is the Official Supplier to the Canadian Olympic Committee, the 2010 Canadian Olympic Team and the 2012 Canadian Olympic Team for antiseptic hand sanitizer, disinfectant and disinfectant cleaning products. The Company was also selected as one of the TSX Venture 50 companies in the Technology and Life Sciences sector for 2010.
Terrance G. Owen, Ph.D., MBA, President & CEO
ALDA Pharmaceuticals Corp.
The Units, common shares, warrants and the common shares issuable upon exercise of the warrants have not been registered under the United States Securities Act of 1933 (the "Act") and may not be offered or sold absent registration under the Act or an applicable exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption therefrom.
Cautionary Note Regarding Forward-looking Statements: Information in this press release that involves ALDA's expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. ALDA generally uses words such as "outlook", "will", "could", "would", "might", "remains", "to be", "plans", "believes", "may", "expects", "intends", "anticipates", "estimate", "future", "plan", "positioned", "potential", "project", "remain", "scheduled", "set to", "subject to", "upcoming", and similar expressions to help identify forward-looking statements. The forward-looking statements in this release are based upon information available to ALDA as of the date of this release, and ALDA assumes no obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of ALDA and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
ALDA Pharmaceuticals Corp.
Scott Young
Investor Relations
604-377-5781 or 604-5218300 Ext 203
604-521-8322 (FAX)
scott_young@aldacorp.com
www.aldacorp.com
Source: Marketwire (December 8, 2010 - 4:38 PM EST)
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National Pharmaceuticals Corporation Appoints a New CEO and Sets a New Course
MIAMI, FLORIDA, Dec. 8, 2010 (Marketwire) -- National Pharmaceuticals Corporation (PINK SHEETS:NFRM) is pleased to announce the appointment of Elaine Affleck as its new President and CEO. Ms. Affleck has been a Board Member of NFRM.PK. Ms. Affleck has served on several other boards in the past and brings her extensive business and accounting knowledge in assisting NFRM.PK to implement its future business plans.
NFRM.PK also is pleased to announce that it has entered into a Letter of Intent (LOI) to acquire a certain Proprietary Robotic technology from Excelco Systems International. Most robotic applications are singular processes where a single arm of Robot applies a pre-determined task. Most of the public can relate to this by watching the singular Robot applying welding on the car manufacturing assembly-lines. Excelco has developed a multi arm Robotic Technology that can easily do multiple applications at the same time therefore increasing efficiencies of any type of assembly lines or packaged goods manufacturing for Medical, Pharmaceutical, Food and many other industries. More details of the Robotic Technology will be provide once the LOI becomes a definitive Agreement.
National Pharmaceuticals is set to be recognized as a market leader committed to reducing supply chain costs by application of Robotic Automation to medical, institutional, Food and packaging industries.
Safe Harbor Statement: This release includes "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 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
National Pharmaceuticals Corporation (954) 903-1967
Source: Marketwire Canada (December 8, 2010 - 4:59 PM EST)
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CORRE in Dialogue With Leading International Oil and Gas Contractors
Dec. 8, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 12/08/10 -- Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE: CVR)(OTCQX: CRVYF) ("CORRE" or the "Company") is providing an update further to the Company's November 18, 2010 press release.
The market for CORRE to provide oil waste management services, including oil-contaminated soil remediation, sludge treatment and oil recovery, is lucrative and growing. The World Bank has estimated the need for environmental services and products across the Middle East and North Africa ("MENA") regions at US $100 billion over the next 10 years. Kuwait alone represents in excess of US $3.5 billion in large-scale soil remediation projects primarily to clean and treat over 114 km2 of oil-contaminated Kuwait lands as a result of the 1991 Gulf War and the detonation of 798 oil wells. Up to 5 million barrels of crude oil burned and spilled into the desert soil on a daily basis for approximately 9 months until extinguished forming what is known today as the Kuwait Oil Lakes.
The clean-up of the Kuwait Oil Lakes represents one of the largest environmental remediation projects in history and the funding for Kuwait is fully in place through war reparation funds from the United Nations. Equally the Kuwait Oil Lakes sit atop the Burgan oil reserves, a source of light crude oil in Kuwait. Kuwait has publicly announced its intentions to increase daily oil production from 2.6 million barrels per day to approximately 4 million barrels per day and the clean-up of the Kuwait Oil Lakes help facilitate this objective. CORRE, through its SAR-CORRE MENA ("SCM") operating partnership, is one of a select group of global companies that are fully pre-qualified and approved by the Kuwait Oil Company ("KOC") to directly bid on the clean-up of the Kuwait Oil Lakes, tenders begin to be released in early 2011.
CORRE's proprietary ARES I soil washing and oil recovery operating facility is the preferred technology for these contracts. CORRE maintains in Kuwait a recently commercialized 15 ton per hour ARES I facility and the Company (through its partnership with TG Engineering, an international oil and gas engineering firm) will refabricate further ARES I operating facilities as contract demands require. CORRE has now been approached by and is currently in dialogue with pre-qualified international companies seeking to utilize CORRE's ARES I as part of their Kuwait Oil Lakes bids. SCM now has the opportunity to directly bid for the Kuwait Oil Lakes contracts, as well as operate as a technology sub-contractor of choice to the other pre-qualified contractors. KOC intends to announce a series of Kuwait Oil Lakes tenders starting early in 2011. The companies that CORRE is in dialogue with represent large international environmental, construction and oil service contractors with strong logistical capabilities.
CORRE will keep its shareholders and the market updated accordingly on these and other operating contract developments.
About CORRE
CORRE (www.corre.com) is a Canadian-based clean technology company that provides innovative and complete oil waste management and environmental solutions to its customers. CORRE's service lines include remediating oil-contaminated soil; treating sludge, oil based muds and drilling waste; oil recovery; automated oil storage tank cleaning; oil and gas engineering and project management; as well as waste management. CORRE provides its services through its owned and operated Advanced Recovery Equipment Systems ("ARES") and through strategic operating partnerships. ARES is a platform of services and operating equipment facilities based on proven technologies and innovative operating processes. CORRE's customers are primarily in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies).
Forward Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Contacts:
CORRE
Alex Gress
CFO, Senior V-P & Director
(416) 368-4027
agress@corre.com
CORRE
Lindsay Cross
(416) 368-4027
lcross@corre.com
Source: Marketwire (December 8, 2010 - 5:25 PM EST)
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Mill Bay Ventures Provides Valentine Mountain Exploration Program Update
VANCOUVER, BRITISH COLUMBIA, Dec. 8, 2010 (Marketwire) -- Further to recent news releases dated October 27, 2010, November 5, 2010 and November 25, 2010, Mill Bay Ventures Inc. (the "Company") (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) is pleased to provide an update on the 2010 drilling and trench re-excavation program at its 100% owned Valentine Mountain Property on southern Vancouver Island, B.C.
The 2010 drilling program has been completed, with ten drill holes totaling 1,775 metres reaching target depths in the Discovery Zone. Many of these holes tested historical data gaps within the Discovery Zone. Integration of historic and modern drilling and trenching data is in progress, to be followed by detailed geological modeling of gold bearing structures and re-evaluation of historic mineral resource estimates.
Drill core from all ten holes has been logged and is being sawn and sampled at the Company's core facility in Sooke, B.C.; and two sample shipments which include the first seven drill holes have been made to ALS Minerals' laboratory in North Vancouver. Initial geochemistry results from drill core samples are expected to be received from ALS Minerals during December, and significant drill intercepts will be reported as received and compiled. Photographs of the drill core have been posted for viewing on the Company website http://www.millbayventures.com.
The Discovery Zone trenches were partially re-excavated before the on-set of winter snow conditions at the Valentine Mountain Property. Re-mapping and re-sampling of the trenches will be resumed pending the completion and re-excavation during the spring of 2011. This information will be used to verify historic data completed and documented by previous operators.
A preliminary geotechnical assessment for the historic tailings facility located near the Discovery Zone has been received from Thurber Engineering Ltd., based on a site visit completed by one of their engineers during November, 2010.
The contents of this news release have been reviewed by Jacques Houle, P.Eng., a qualified person as defined by NI43-101.
Mill Bay Ventures Inc. owns a 50% interest in the BRX gold claims at Bralorne and 100% interest in three sets of gold claims in Nevada, namely the NV claims, Golden Repeat claims and the E&E-DH claims. See website for details: www.millbayventures.com.
ON BEHALF OF THE BOARD
William Glasier, President
Shares issued: 12,186,539
Last Trading Price: $0.26
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.
Mill Bay Ventures Inc. 604-682-3701 604-682-3600 (FAX) darrylg@shaw.ca www.millbayventures.com
Source: Marketwire Canada (December 8, 2010 - 5:31 PM EST)
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Hawthorne Announces Results of Special Meeting and Resignation and Appointment of Director
VANCOUVER, BRITISH COLUMBIA, Dec. 8, 2010 (Marketwire) -- Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:HGC)(PINK SHEETS:HWTHF) is pleased to announce that further to its news releases dated October 14, 2010 and November 12, 2010, all the resolutions proposed at its Special Meeting of shareholders of the Company held on December 8, 2010 were duly passed. The Company has obtained "minority approval" (as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions) on the creation of a new "Control Person" as defined in the Corporate Finance Manual of TSX Venture Exchange. Shareholders have also approved the Private Placement of 68,181,818 common shares in the capital of the Company ("Shares") at the price of $0.11 per Share from Skyocean Ventures Investment Limited ("Skyocean"). The Company will proceed with the closing of the Private Placement (which is subject to final acceptance of the TSX Venture Exchange) and will issue a subsequent news release once the transaction is closed.
"This opens a new and exciting chapter in the growing relationship with our major shareholder, the Skyocean Group of Beijing, China. A much stronger company will emerge through this culmination of cultures and experience. We look forward to a long and rewarding relationship," states Hawthorne's Chairman Michael J. Beley.
The Company also announces that it has received and accepted the resignation of Donald Siemens from the Board of Directors, effective immediately, and has appointed Dr. Shijia Tang a director of the Company to fill the vacancy, subject to regulatory approval. Dr. Tang is the President of Skyocean and he brings with him 20 years of mining expertise. The Directors wish Mr. Siemens all the best with his future endeavours and would like to extend their gratitude for his years of service and his contributions to the Board.
The funds raised from the issuance of the Shares will be used for exploration and development at the Company's Cassiar Gold Camp, as well as for general corporate and working capital purposes.
About Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne is led by well-respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at Table Mountain and the continued resource development at the nearby Taurus deposit.
ON BEHALF OF HAWTHORNE GOLD CORP.
Michael J. Beley, Chairman
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Hawthorne's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
Hawthorne Gold Corp. (604) 629-1505 or toll free 1-888-629-1505 (604)629-0923 (FAX) www.hawthornegold.com
Source: Marketwire Canada (December 8, 2010 - 6:53 PM EST)
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Habanero Increases Land Significantly Bordering Beaufield Resources' Tortigny Prospect in Quebec
VANCOUVER, BRITISH COLUMBIA, Dec. 9, 2010 (Marketwire) -- Habanero Resources Inc. ("Habanero") (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that it has acquired approximately an additional 20,000 acres via Gestim bordering Beaufield Resources Inc.'s ("Beaufield") Tortigny Prospect, approximately 125 kilometres northwest of Chibougamou, Quebec. This now brings the total acreage for Habanero to approximately 25,406 contiguous acres.
Jason Gigliotti, President of Habanero Resources stated, "Management feels that this region of Quebec is one that will continue to attract market attention as additional drilling continues. The board is optimistic about what this prospect may provide Habanero's corporate growth in the future. Habanero has increased its land holdings by over four hundred percent on this prospect and is now one of the largest land holders in the region. 2011 is shaping up to be a very busy year for Habanero as we anticipate being active on multiple drill fronts including the Yukon and Quebec."
Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; the Haldane Silver Prospect in the Yukon; a sizable land holder within the land prospective for lithium in Alberta; property in the Red Chris Mining Region of BC near Imperial Metals Corp. and now significant acreage in Quebec bordering Beaufield Resources.
If you would like to be added to Habanero's email updates list, please send an email to ir@habaneroresources.com requesting to be added.
To view maps of these projects please go to http://www.habaneroresources.com.
Jason Gigliotti, President
Increases land position by over 400% bordering Beaufield Resources Inc (BFD) Tortigny Prospect in Quebec.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Habanero Resources Inc. President 604 646 6900 www.habaneroresources.com
Source: Marketwire Canada (December 9, 2010 - 3:02 AM EST)
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Sidon Acquires Acreage Bordering Its MEG Project in Tanzania
Sidon Acquires Adjacent Property to its MEG Project in Tanzania
VANCOUVER, BRITISH COLUMBIA, Dec. 9, 2010 (Marketwire) -- Sidon International Resources Corp. (TSX VENTURE:SD)(PINK SHEETS:SIDNF)(FRANKFURT:SY7) announces that it has acquired an additional property in the region of its ongoing drilling project on its MEG Property southeast of Morogoro in east central Tanzania.
Abby Farrage, director of the company states, "We are pleased to be able to acquire the block of land contiguous to our property as we feel this property may hold tremendous value for the company going forward. We have been pleased with the ongoing operations on the property so far and look forward to what the drilling results will provide in the near future on this prospect."
The 13.8 km2 property is located adjacent to the northwest of the MEG property and contains the favourable stratigraphy encountered on the MEG Property.
The property is being acquired from a private Tanzanian company for payments of $5 million and issuing 10 million shares, and completing $5 million in exploration in the next five years.
The content of this release has been reviewed and approved by Glen Macdonald, P. Geo., a qualified person as defined by National Instrument 43-101.
Sidon International Resources is a junior exploration company with interests in Saskatchewan coal properties, gold silver claims in British Columbia, copper gold claims in Nevada, diamond properties in the Northwest Territories, and significant potash acreage in Alberta.
ON BEHALF OF THE BOARD
Abby Farrage, Director
We seek safe harbor
Sidon International Resources Corp. 1-778-994-6453 Sidon International Resources Corp. (509) 954-1458 (425) 258-3366 (FAX) info@sidonmines.com
Source: Marketwire Canada (December 9, 2010 - 3:02 AM EST)
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Bolero Resources Corp.: Drill Permits Obtained for Red Chris South Prospect
VANCOUVER, BRITISH COLUMBIA, Dec. 9, 2010 (Marketwire) -- Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU)(PINK SHEETS:BRUZF)(FRANKFURT:U7N1) is pleased to announce it has received permits, from the B.C. Ministry of Energy, Mines and Petroleum Resources, to conduct a diamond drill program on its "Red Chris South" prospect, contiguous to Imperial Metals Corporation's (III-TSX) "Red Chris" copper-gold discovery where they announced drill intercepts of 528.7 metres grading 1.97 g/t Gold and 1.13% Copper and 1,112.5 metres grading 0.54% Copper, 0.61 g/t Gold and 1.96 g/t Silver. Bolero's drilling is scheduled to commence shortly, following the receipt and interpretation of multiple assays from over 450 soil samples taken from the recently discovered anomalous areas.
New Map Link: http://www.boleroresources.com/docs/red_chris_property.pdf
Bolero Resources' President and CEO, R. Bruce Duncan stated, "We have recently identified several significant anomalies on the "Red Chris South" property and are now establishing high-priority drill targets to test these areas. Assay results, from 467 soil samples taken from the anomalous areas are expected to be available shortly and a drill program is being planned to commence following interpretation of the data. Management believes the Red Chris South project will be a key component in the future growth of the company and intends to continue geophysical fieldwork and drilling to determine if Red Chris-type mineralized zones continue throughout Bolero's "Red Chris South property."
Terracad Geoscience Services Ltd. has reviewed the IP and MMI data and in a preliminary report stated the following: "The geophysical survey included 55 line kilometres of deep penetrating induced polarization, a method that has been successfully applied at the Red Chris project. Bolero's survey was designed to identify deep sulphide-bearing targets that could represent Red Chris-type mineralization."
Additionally, Mr. John Buckle, P. Geoph., P. Geo., stated: "The survey detected a relatively strong chargeability anomaly near the eastern portion of the property that appears to lie at a depth starting at about 300 metres and is open to depth. Its apparent width is in the order of 350 metres and the target was detected on two lines spaced 200 metres apart."
The MMI soil survey results for Gold and Copper confirm and coincide with the extensions of the east-west elongated IP anomaly. The reconnaissance MMI grid overlaid the anomaly and includes the highest values for copper and gold of the total Phase 1 geochemical survey of 2010 (Phase II of exploration is in progress.) The geophysical/geochemical anomaly is interpreted to have the characteristics of a mineralized intrusive and warrants further detailed exploration.
In other news, Bolero has acquired an 80% interest in 5 mineral claims prospective for Rare Earth Elements covering over 5,327 acres contiguous to Bolero's existing "Carbonatite Syndicate" claim group, located 80km northeast of Prince George, British Columbia. The terms of the transaction are $10,000 and 100,000 shares of Bolero upon TSX approval and on the first anniversary an additional $10,000 and 100,000 shares of Bolero. Bolero earns 80% immediately with a right of first refusal (ROFR) for the final 20%.
Erik Ostensoe, P. Geo., is the Company's Independent "Qualified Person" (as such term is defined by NI 43-101) for the Red Chris South project, and has reviewed and accepts responsibility for technical information contained in this news release.
About Bolero Resources Corp.
Bolero Resources Corp. is a Canadian Gold and Rare Earth exploration and development company. Our primary assets include: 100% interest in the Red Chris South prospect, covering over 13,000 acres in north-western BC, contiguous to Imperial Metals Corp (III.T) and; The "Carbonatite Syndicate" consisting of 211 mineral claims prospective for Rare Earth Elements covering over 90,000 hectares (222,415 acres) contiguous to Spectrum Mining Corporation in northern BC and; 2 separate quartz claim blocks covering over 6,500 acres, in the "White Gold District" of the Yukon. The Company is listed on the TSX-Venture Exchange under the symbol BRU, the Pink Sheets under the symbol BRUZF, as well as the Frankfurt Exchange under U7N1. For more information, please visit www.boleroresources.com or contact Investor Relations Toll Free.
On behalf of the Board of Directors
R. Bruce Duncan, President & CEO
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Bolero Resources Corp. 1 (888) 818-1365 (604) 683-3988 (FAX) info@boleroresources.com www.boleroresources.com
Source: Marketwire Canada (December 9, 2010 - 4:30 AM EST)
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Oteegee Innovations Retains Peritus Capital for Investor Relations Services
Dec. 7, 2010 (GlobeNewswire) --
LAS VEGAS, Dec. 7, 2010 (GLOBE NEWSWIRE) -- Oteegee Innovations Inc. (OTCBB:OTGI) is pleased to announce it has retained the services of Peritus Capital, an innovative marketing and investor relations firm dedicated to representing small-micro-cap public companies, to assist in the corporate equity funding for the Abigail Lithium Project exploration program.
The Agreement has an initial term of six months pursuant to which Peritus will implement a comprehensive investor awareness program for Oteegee including fostering broker and analyst interest in the Company's activities. As compensation for its services, Peritus will receive an initial retainer fee of $7,000, $3000 per month for 6 months, and reimbursement for related expenses. The Company also has the option of paying for such services in restricted shares of the Company's capital stock.
Jordan Starkman, CEO of Oteegee Innovations, said, "We are entering an exciting stage in the Company's development and are pleased to have a partner with extensive experience at a global level. We are planning our exploration activities for the Abigail Lithium property, and we are now ready to present our Company to the investment community."
The Oteegee Innovations, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7579
CONTACT: Oteegee Innovations Inc.
Jordan Starkman, CEO
1-800-854-7970
www.oteegeeinnovations.com
www.tucanaexploration.com
Source: Globe Newswire (December 7, 2010 - 9:01 AM EST)
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AuraSound Announces Record Financial Results
Dec. 7, 2010 (PR Newswire) --
SANTE FE SPRINGS, Calif., Dec. 7, 2010 /PRNewswire-Asia-FirstCall/ -- AuraSound Inc., a publicly listed company (OTC Bulletin Board: ARUZE), today announced financial results for their fiscal 1st quarter 2011. For the three month period ending September 30, 2010 net revenue was US $10.7 million versus $1.3 million the same period a year ago, an increase of 738% or $9.4 million. After tax net profit for the three month period was US$ 413K, versus a net loss of US$ 532K for the same period year ago.
On a sequential basis, revenue increased $8.0 million or 298% versus $2.7 million in the prior quarter and after tax-net profit of $413K versus a loss of $707K in the prior quarter.
Commenting on the announcement, Mr. Harald Weisshaupt, AuraSound CEO and President, said, "We are extremely pleased with our outstanding sales growth and our ability in improving our gross margins, both of which are reflected in our last quarter's numbers. We successfully completed the integration of ASI ahead of schedule and improved our expense ratio with several restructuring actions. We have launched new products that have generated a very positive customer reaction and continue to develop new products that we believe will fill the void of what the consumer is missing in today's audio products."
Detailed financials can be found on AuraSound's website at www.aurasound.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Reliance should not be placed on forward-looking statements because they involve both known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the control of AuraSound. Any statements in this press release that are not statements of historical fact are forward-looking statements, including, but not limited to, those relating to the AuraSound's long-term strategic objectives. Actual events, performance or results could differ materially from the anticipated events, performance or results expressed or implied by such forward-looking statements. BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADVISE YOU TO READ THE SECTION ENTITLED "RISK FACTORS" IN OUR MOST RECENT ANNUAL REPORT ON FORM 10-K, WHICH CAN BE ACCESSED AT WWW.SEC.GOV. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About AuraSound, Inc.
AuraSound has over 20 years experience specializing in the design and manufacturing of high-end speakers, consistently providing people with an optimal audio experience. AuraSound's broad range of products include high-quality drivers for TV's and laptops, state-of-the art subwoofers and tactile transducers. AuraSound's products are based on patented and proprietary NRT® Drivers, BassShakers, Line Source tweeters and more. With their recent acquisition of ASI Audiotechnologies, they have added an industry leading TV soundbar business, additional proprietary transducer technology, application specific amplifier designs, and award winning ID designs. For more information visit the company website at www.aurasound.com.
Contact:
Pete Andreyev
Executive VP, Sales & Marketing
AuraSound, Inc.
+ 852-6194-8333
+ 86-156-2607-8084
pandreyev@aurasound.com
SOURCE AuraSound, Inc.
Source: PR Newswire (December 7, 2010 - 9:01 AM EST)
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EcoBlu Products Patent Pending Wood Treatment Meets Class 'A' Fire Specifications
Multifamily Housing Projects benefit with EcoBlu's Fire Protection
Dec. 7, 2010 (PR Newswire) --
VISTA, Calif., Dec. 7, 2010 /PRNewswire/ -- EcoBlu Products, Inc., (OTC Bulletin Board: ECOB) announced today that the company has successfully completed fire testing at QAI Laboratories meeting class "A" specifications for E84 Surface Burning Characteristics. EcoBlu Products successfully tested Douglas Fir and Spruce Pine Fir lumber meeting class "A" flame spread and reduced smoke production. Our low cost Fire Inhibiting (FRC Technology) protection coupled with our proprietary Surface Film™ preventing Mold/Mycotoxin, Termites and other wood ingesting insects is a significant accomplishment in the market place.
With the continued tightening of the credit market, demand for multifamily housing is starting to increase. EcoBlu Products is experiencing strong interest from developers of multifamily projects now that we can provide Fire, Mold and Termite protection at a small incremental cost in the lumber package. The following link is a story of an Escondido project that burned down in the framing stages back in 2007 proving the need for EcoBlu's protection. http://www.signonsandiego.com/news/2010/dec/02/developments-ready-come-alive-again/
"Another milestone in the product development has been reached. The timing for us to release our new product line with class 'A' fire specifications is perfect," said Steve Conboy, President and CEO of EcoBlu Products. "The fact that our lumber not only protects the folks living in multifamily units it also protects the builder and firemen during construction so what happened in Escondido will not happen as easy," added Conboy.
About EcoBlu Products, Inc.
EcoBlu Products, Inc. is a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites with EcoBlu's Surface Film™ and FRC™ technology (Fire Retardant Coating). EcoBlu products utilizing patent pending technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of EcoBlu Products, Inc. common stock and the ability to obtain the necessary financing.
Web Site: www.ecobluproducts.com
Visit us on YouTube at: www.youtube.com/ecobluproducts
SOURCE EcoBlu Products, Inc.
Source: PR Newswire (December 7, 2010 - 9:01 AM EST)
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Fannie Mae Redemption
WASHINGTON, Dec. 7, 2010 (PR Newswire Europe) --
/PRNewswire/ -- Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Principal Security Interest Maturity CUSIP Redemption Amount Type Rate Date Date December 17, December 17, $25,000,000 MTN 4.720% 2015 3136F8YE9 2010 December 17, December 17, $25,000,000 MTN 2.070% 2012 3136FJCJ8 2010 December 17, December 17, $75,000,000 MTN 3.000% 2019 3136FJVZ1 2010 June 17, December 17, $50,000,000 MTN 1.125% 2015 3136FMVN1 2010 December 17, December 17, $300,000,000 MTN 3.000% 2018 3136FMVP6 2010 June 17, December 17, $150,000,000 MTN 2.000% 2015 3136FMVQ4 2010 December 17, December 17, $50,000,000 MTN 2.000% 2018 3136FMYE8 2010 December 17, December 17, $50,000,000 MTN 3.300% 2018 3136FMYH1 2010 December 17, December 17, $1,000,000,000 MTN 4.150% 2018 31398AUL4 2010 December 17, December 17, $1,800,000,000 MTN 4.100% 2018 31398AUN0 2010
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.
You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.
CONTACT: Katherine Constantinou, +1-202-752-5403
Source: PR Newswire (December 7, 2010 - 9:01 AM EST)
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Worldwide Energy & Manufacturing USA, Inc. Expects Increase of Approximately 160% in Fiscal Year 2010 Revenue
Dec. 7, 2010 (Marketwire) --
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA -- (Marketwire) -- 12/07/10 -- Worldwide Energy & Manufacturing USA, Inc. (OTCBB: WEMU) ("Worldwide" or the "Company"), a rapidly growing international supplier of photovoltaic (PV) solar modules, today announced revenue guidance for the full year 2010.
Worldwide estimates that its 2010 revenues will increase by approximately 160% to between $160 million to $165 million. The revenue estimate is based on contracts and commitments primarily from the Company's Solar Division, which continues to capture increasing market share globally with its 'AmeriSolar' brand of photovoltaic solar modules. In addition, the Company anticipates that its margins will continue to improve as it ramps up production at its new, wholly-owned state-of-the-art manufacturing and research facility in Nantong, China, which has an initial manufacturing capacity of 100 megawatts and a highly competitive cost structure.
"We expect to achieve significant revenue growth for the fiscal year ending 2010 and going forward given the strong growth we see in the global solar market and increasing demand for our AmeriSolar PV modules," said Jimmy Wang, CEO of Worldwide. "Europe continues to be a strong market for our products, particularly for us in Italy and the U.K, and we anticipate that Asia and the U.S. will become growing markets in the next three to four years, where we are already well positioned. Solar is a very fast growing industry within the clean tech sector and we are confident that we are taking the right steps to aggressively grow our customer base as spending on renewable energy continues to rise."
About Worldwide Energy & Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) module, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries. Subsidiaries include Shanghai Intech Electro-Mechanical Products Co. Ltd., LLC, Shanghai Intech-Tron Electric and Electronics Co., Ltd., LLC, Shanghai Detron Electric & Electronics Co., Ltd., Shanghai Intech Precision Machinery Co., Ltd., LLC, Shanghai Shutai Precision Casting Company, Limited, LLC, Worldwide Energy and Manufacturing (Ningbo) Co., Ltd., LLC, Worldwide Energy and Manufacturing (Nantong) Co., Ltd., LLC, and Worldwide Energy and Manufacturing (Shanghai) Co., Ltd.
Safe Harbor Statement
The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Investor Relations Contact:
Mr. Andrew Haag
Managing Partner
IRTH Communications, LLC
Tel: +1-866-976-IRTH (4784)
E-mail: Email Contact
Website: www.irthcommunications.com
Source: Marketwire (December 7, 2010 - 9:05 AM EST)
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Seychelle Receives over $335,000 in New Orders to Fight the Cholera Problem in Haiti, Further Accelerating Sales
Dec. 7, 2010 (Business Wire) -- Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (OTCBB: SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles and systems, announced today that it has received several large orders totaling over $335,000 for its 28oz portable water filtration bottles with advanced filters to help fight the growing cholera epidemic in Haiti. The orders are from a large humanitarian organization that has been working with Seychelle for some time throughout the world whenever a crisis occurs – such as earthquakes, cyclones, hurricanes and epidemics.
Carl Palmer, President and CEO, said, “This order is on top of the $1 million in new orders reported in the November 8th Press Release and keeps us on track in the third quarter of FY 2011 for continued growth in sales and net income after reporting five straight quarters of profitable growth since the beginning of FY 2010. The sales growth is being fueled by broader consumer awareness of drinking water quality problems, and Seychelle’s expanding distribution in varied marketing channels; as well as continued consumer acceptance of new Seychelle products; the stainless steel bottle line in three attractive colors, the new drinking water straws, and improved pure water bags and pumps for everyday use and emergency preparedness.”
In discussing the cholera problem in Haiti, Mr. Palmer went on to say, “Cholera is one of the worst water borne diseases one can get from contaminated water or food. Cholera is an infection of the small intestine caused by the bacterium Vibrio Cholerae. The main symptoms are profuse watery diarrhea and vomiting. The severity of the diarrhea and vomiting can lead to rapid dehydration and electrolyte imbalance. Worldwide it affects 3 to 5 million people a year and causes up to 100,000 to 130,000 deaths.
In Haiti, the outbreak began in the Artibonite region over a month ago, and has spread across the nation. The Ministry of Health reported that more than 1,600 people have died, including many children; and nearly 30,000 have been hospitalized since the outbreak of the epidemic. UN officials have reported that cholera is spreading fast and is likely to result in hundreds of thousands of cases, and last up to a year.
Mr. Palmer added, “The Seychelle advanced filter system has been used worldwide to handle problems such as this because it removes up to 99.9999% of contaminants such as bacteria, virus, giardia, E-Coli and cryptosporidium. On Vibrio Cholerae it removes up to 99.9%. Seychelle filters have been tested in the US and worldwide by independent government labs to EPA/ANSI protocols and NSF Standards 42 and 53. Most recently in Mexico, Seychelle products have been tested and approved in preparation for expanded distribution with retailers and emergency preparedness distributors.”
”Seychelle Products are the Most Field and Laboratory Tested
Products of Their Kind in the World”
With Seychelle portable water filtration, consumers can drink, with complete confidence that only Seychelle can provide; perfectly filtered water that is great tasting from a variety of sources – the tap, rivers, streams, ponds or creeks. The proprietary Seychelle Ionic Adsorption Micron Filter (IAMF) has been tested extensively by Independent Government laboratories in the US and throughout the world to strict EPA/ANSI protocols and NSF Standards 42 and 53.
About Seychelle Environmental Technologies, Inc.
Seychelle Environmental Technologies, Inc. (OTCBB: SYEV) is a worldwide leader in the development, assembly, and manufacture and sale of a proprietary filtration system for portable water bottles. For more information, please go to our web site at www.seychelle.com or call (949) 234-1999 ; and visit our on line store at www.store.seychelle.com.
Note to Investors
Seychelle is a national, publicly traded company with 25,882,646 outstanding shares of common stock, including a float of approximately 7.9 million shares. This press release may contain certain forward-looking information about the Company's business prospects/projections. These are based upon good-faith current expectations of the Company's management. The Company makes no representation or warranty as to the attainability of such assumptions/projections. Investors are expected to conduct their own investigation with regard to the Company. The company assumes no obligation to update the information in this press release.
Seychelle Environmental Technologies, Inc.
Dick Parsons, (949) 234-1999
dickparsons@seychelle.com
Source: Business Wire (December 7, 2010 - 9:07 AM EST)
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(NVAE) Savanna East Africa Webcast on Recent Acquisition With Two More Anticipated This Month and $10 Million in 2011 Revenue Goal Set for Release Friday
Dec. 7, 2010 (Marketwire) --
DALLAS, TX -- (Marketwire) -- 12/07/10 -- Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced a Webcast scheduled for release for this Friday, December 10, 2010 to review its recently announced acquisition in Kenya. The recent acquisition is the first of three acquisitions anticipated before year-end. The three acquisitions are expected to substantially contribute to the Company's$10 million in revenue anticipated in 2011.
Earlier this year, Savanna launched a business plan expansion strategy directed at acquiring and developing a portfolio of high growth potential operations in Africa. A link to the Webcast will be posted to the corporate website at www.savannaea.com and emailed to the corporate opt-in email database upon release.
The recent acquisition establishes an operating platform for the Company in East Africa. The Company has worked closely over the past year with NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) as part of the NewMarket Greenfield Partnership Program. Through the Greenfield Program, a Nairobi-headquartered company was established last year to begin developing high growth business opportunities in East Africa. The Nairobi-based company was similarly named Savanna East Africa, Ltd. Savanna East Africa, Inc. has acquired a majority interest in Savanna East Africa, Ltd., and the two additional pending acquisitions would be executed by Savanna East Africa, Ltd.
Aside from the two pending acquisitions in East Africa, Savanna has been organically developing technology and construction operations. Savanna has engaged technology projects in East Africa in partnership with other NewMarket Greenfield Partners. Savanna and Greenfield Partner China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced a GPS-enabled radio communication sale in Kenya. To learn more about Savanna East Africa visit the Company's website at www.savannaea.com.
Savanna East Africa Information and Email Newsletter
To learn more about Savanna East Africa and to sign up for company email alerts, please visit the corporate website at www.savannaea.com.
About Savanna East Africa, Inc. (www.savannaea.com)
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Savanna has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. The Company is also continuing to grow its existing oil and gas reclamation business with new management and business strategies. Savanna East Africa is a fully-reporting company with audited financial statements quoted on the new 'OTCQB.'
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
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Contact:
Savanna East Africa, Inc.
Email Contact
214-722-3044
Source: Marketwire (December 7, 2010 - 9:10 AM EST)
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First China Pharma Expands Nationally With 3 Hospital Agreements in New Territories
Dec. 7, 2010 (Marketwire) --
HONG KONG -- (Marketwire) -- 12/07/10 -- First China Pharmaceutical Group, Inc. (OTCBB: FCPG) ("First China" or the "Company"), a rapidly growing pharmaceutical distribution company headquartered in Yunnan, China, is pleased to announce the signing of three new agreements for the distribution of its growing inventory of over 5,000 medicinal and pharmaceutical product lines to a number of hospitals located in areas that mark significant penetration into new regions of China.
These recent agreements bring the Company to a total of thirteen new hospital-level contracts signed in just under 60 days, a new benchmark of success demonstrating Management's extraordinary level of effort and commitment towards increased market growth.
First China is very pleased to extend greetings to the management and staff of the No.1 Peoples Hospital of Hefei (pop. 4,900,000) located in the capital of Anhui province, as well as the Affiliated Hospital of Jilin Medical College located in the northeastern city of Jilin City (pop. 4,500,000), and to the Hospital of No.4 Agriculture Division of Xinjiang Production and Construction Corps located in the Xinjiang Uyghur Autonomous Region (pop. 21,590,000), and warmly welcomes them to the Company's rapidly growing national portfolio of institutional-grade clientele.
This news comes on the heels of recent announcements on November 3rd outlining the Company's intent to acquire the interests of De Xin Pharmacy of Kunming City as a retail flagship operation, followed by the November 30th news announcing intent to acquire the interests of well-positioned regional distributor Shandong Run Kang Pharmaceutical Co. Inc. of Jinan City -- located only 250 miles from the national capital of Beijing.
First China Pharmaceutical Group plans to continue its efforts to expand its client list well beyond the current list of over 4,700 pharmacies, hospitals and clinics. At the same time, the Company is executing its strategic plan to blend proprietary software-based internet ordering with high speed fulfillment concurrent with its achievable aim to rapidly expand inventory goals from a current 5,000 to approximately 30,000 products. Internal studies estimate that the increased inventory and online B2B enterprise system would ensure institutional customers the ability to shortly order as much as 70% or more of their current product needs directly from the Company.
Management feels it should be reiterated that market growth is partially driven by a 2009 directive from the Ministry of Health which stated that public hospitals should phase out existing "cost plus" pricing system within 3 years. The government also advised that medical institutions should centralize their procurement and distribution of drug and pharmacare products. This new practice has garnered significant traction in the marketplace resulting in major new developments and opportunities across the country as many hospitals and clinics shift to this new system of procurement.
Details of the company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About First China Pharmaceutical Group, Inc. (OTCBB: FCPG)
First China Pharmaceutical Group, Inc. aims to develop a high growth pharmaceutical distribution company generating significant revenue from the sale of healthcare products in China. As part of its business strategy, the Company has acquired the assets of Kun Ming Xin Yuan Tang Pharmacies Co. Ltd. (XYT), which includes a strategic advantage over its competitors as it is believed to be one of a limited number of pharmaceutical distribution companies in Yunnan Province that has obtained government approval to fulfill orders over the internet. First China Pharmaceutical Group plans to continue the rapid growth of the company from its current position as a provider of approximately 5,000 drugs to more than 4,700 pharmacies, hospitals and clinics in China's Yunnan Province. For more information visit: www.firstchinapharma.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
First China Pharmaceutical Group, Inc.
-------------------------------------------------
Zhen Jiang Wang
Chairman and CEO
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Contact:
Evergreen Investor Relations, Inc.
Phone: 1-888-518-3274
Email: info@firstchinapharma.com
Web: www.firstchinapharma.com
Source: Marketwire (December 7, 2010 - 9:15 AM EST)
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Axiologix Spotlights Advantages of eBoard and Curricuplan Software
Dec. 7, 2010 (Marketwire) --
EGG HARBOR TOWNSHIP, NJ -- (Marketwire) -- 12/07/10 -- Axiologix Education Corporation (http://www.axiologix.net/) (OTCBB: AXLX), an educational software provider, made an announcement today regarding the advantages for educators from using the eBoard and Curricuplan educational software offerings.
On December 2, 2010, Axiologix announced that the company had executed a sales agent agreement with Seacliff Educational Solutions. This agreement will allow Axiologix to offer for sale two of Seacliff's products: eBoard and Curricuplan. The core purposes of these two applications are to improve student achievement and provide for easier and more efficient administration for educators and administrators.
eBoard is a user friendly online service that lets any educator create a web site in just minutes. eBoard acts like an on-line cork board where educators can post information for students and parents. These postings show up as sticky notes and can be opened by clicking on the note title.
Benefits of eBoard
Increases communication/collaboration among students, teachers, and parents through links, photos, pod casts, streaming video, etc.
Actively involves students, teachers, and parents in the students' education in addition to connecting them and opening lines of communication.
Includes an integrated calendar to help keep students focused and parents involved.
The use of iNotes allows students, teachers, and parents to discuss and collaborate, while keeping students focused and actively involved in their own education even while outside of the classroom.
Allows effective communication between students, teachers, and parents regardless of location.
Curricuplan is also a user friendly web based instructional content management solution that provides secure, online access so that educators can participate in an online community that focuses on the development of high quality instruction. Using Curricuplan, educators collaborate online to design, align, share, review, and reflect standards based on instructional plans and resources. Curricuplan's Peer Review Process engages peers and experts in online, reflective discussions providing feedback to enhance the instructional practice.
Benefits of Curricuplan
With increasing federal and state guidelines it becomes tedious and time consuming to create and customize lesson plans with practical application -- Curricuplan uses customizable templates that allow teachers to quickly and easily customize lesson plans while adhering to guidelines and providing high quality instruction.
Allows teachers to easily access and assess standards, collaborate on solutions to issues, and adapt the curriculum to keep standards high. Curricuplan also allows teachers across the district to share lesson plans so that each teacher does not need to re-invent the wheel. This means less time is required to create lesson plans and more time can be spent on instruction.
Integrates the use of Academic Benchmarks, a leader in standards and alignment tools, to provide up to date standards and alignments on local, district, state, national, and international standards for K-12.
Easily allows teachers and administrators to evaluate the effectiveness of the classroom to raise standards and alert teachers to where changes need to be made and what those changes need to be.
Includes Professional Development for teachers to learn the software and the process.
"We believe that the US is in the early stages of educational reform and we want to position our company to offer products and services that help with that process," said John Daglis, CEO of Axiologix Education Corporation. "If we can successfully promote eBoard and Curricuplan, we believe we can build our company's revenue and benefit our shareholders, all while improving the educational experience of students, teachers, and parents alike," Daglis said.
About Axiologix
Axiologix Education Corporation is an educational software and services provider. The company is now on a quest to become one of the nation's leading partners with school systems K-12 and higher education, focused on raising student achievement through research-based school design, uniquely aligned assessment systems, interactive professional development, integrated use of technology, and other proven productivity applications in education.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Although expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Axiologix Education Corporation and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive, and other factors affecting Axiologix Education Corporation and its operations; its markets, products, and performance; and other factors detailed in reports filed by Axiologix Education Corporation with the SEC.
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Contact:
Investor Relations
Phone: 877.338.3723
501 Scarborough Drive, 3rd Floor
Egg Harbor Township, NJ 08234
Source: Marketwire (December 7, 2010 - 9:15 AM EST)
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Azure Dynamics Announces Eighth LEAD Customer For Ford Transit Connect Electric
Dec. 7, 2010 (PR Newswire) --
OAK PARK, MI - Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) and Ford Motor Company announced today that one of the nation's largest state utilities companies has been added to the LEAD customer program for the innovative Ford Transit Connect Electric van with a ten unit order. As a LEAD customer, the state utility will receive one of the exclusive supply of 2010 Ford Transit Connect Electric vans and will receive its remaining nine vans in 2011.
"The customer, who we can't name at this point, is a major energy provider seeking to better understand electrified vehicles to determine what infrastructure is needed to support the technology as it increases its market presence," said Scott Harrison, Azure Dynamics chief executive officer. "We're pleased that our Transit Connect Electric product has become an important instrument to help shape energy producers' approach to electrified vehicle support. That's a benefit of being first to market with a game-changing technology."
Azure previously announced that other marquee energy companies including Xcel Energy, Southern California Edison and New York Power Authority would participate in the Ford Transit Connect Electric LEAD customer program. AT&T, Johnson Controls Inc., Toronto Atmospheric Fund and Canada Post have also announced their participation the program.
Commercial vehicle fleets are increasingly seen as the logical starting point for electric vehicles due to their typical drive cycles that often include travel on predictable, short-range, routes with frequent stop and go driving in tight urban or suburban environments. Commercial vehicles generally return to a central location at the end of a drive cycle making for convenient recharging over night.
To create the Transit Connect Electric, Azure integrates its proven Force DriveTM electric powertrain into the award-winning Ford Transit Connect. Utilizing an advanced lithium-ion battery from Johnson Controls-Saft, Transit Connect Electric can achieve a range of up to 80 miles on a single charge and has a top speed of 75 mph. The battery is rechargeable using either a 240-volt or standard 120-volt outlet. Azure Dynamics will also provide its Force Drive electric powertrain for the Transit Connect Electric in Europe.
For more information on how Azure vehicles are Driving a World of Difference, please visit www.azuredynamics.com.
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with a variety of partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions. For more information please visit www.azuredynamics.com.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This press release contains forward-looking statements. More particularly, this press release contains statements concerning Azure's business development strategy, projected commercial revenues and product deliveries.
The forward-looking statements are based on certain key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs, target market acceptance of Azure's products, current and new product performance, availability and cost of labor and expertise, and evolving markets for power for transportation vehicles. Although Azure believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with Azure's early stage of development, lack of product revenues and history of losses, requirements for additional financing, uncertainty as to commercial viability, uncertainty as to product development and commercialization milestones being met, uncertainty as to the market for Azure's products and unproven acceptance of Azure's technology, competition for capital, product market and personnel, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability of management and key personnel, and acquisition integration risk. These risks are set out in more detail in Azure's annual information form which can be accessed at www.sedar.com.
The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
SOURCE Azure Dynamics Corporation
Source: PR Newswire (December 7, 2010 - 9:20 AM EST)
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Home Financial Bancorp Announces Dividend
Dec. 7, 2010 (Business Wire) -- HOME FINANCIAL BANCORP, (OTCBB: HWEN), the holding company for a federal savings bank based in Spencer, Indiana (the “Corporation”), announced today that it has declared a cash dividend of $.03 on each share of its Common Stock for its second fiscal quarter ended December 31, 2010. The dividend is payable on January 11, 2011, to holders of record on December 17, 2010.
Home Financial Bancorp
Kurt D. Rosenberger, 812-829-2095
Source: Business Wire (December 7, 2010 - 9:21 AM EST)
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American Power Corp. Pace Coal Project Update
Dec. 7, 2010 (Marketwire) --
DENVER, CO -- (Marketwire) -- 12/07/10 -- American Power Corp. (OTCBB: AMPW); "American Power" or "the Company") is pleased to provide an update on its high potential Pace Coal Project located in Judith Basin County, Montana.
The prospecting permit process to begin drilling operations at the Pace Coal Project continues. Mission Engineering, Inc. of Billings, Montana, was retained to prepare and submit a coal prospecting permit application to the Montana Department of Environmental Quality. American Power's planned drilling program consists of 61 drilling locations and would involve a total of 52,740 feet of drilling. The program's aim is to place a significant portion of the coal holdings of the Pace Coal Project in the proven and probable reserve classification, with an ultimate goal of establishing sufficient resources to support a greater than 20 year operational mine life.
"We are very excited with the progress of operations to date and with the general state of the coal market. Walter Energy's recent acquisition of Western Coal for $3.2 billion and Rio Tinto's recent offer of $3.5 billion for African coal producer Riversdale Mining, show how strong the coal market is at the moment," commented Al Valencia, Chief Executive Officer of American Power. "We believe the company is well positioned to take advantage of this increased M&A market activity," added Mr. Valencia.
About the Pace Coal Property
In April 2010, American Power Corp. acquired roughly 29,000 acres, which make up the Pace Coal Project. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over 14,000 of the project's acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis. It was subsequently determined that both the quality and the quantity of coal on the Pace acreage was high and significant, respectively. Several independent reports were commissioned based on the development work undertaken by Mobil Oil, determining there could be in excess of 410 million tons of high volatility bituminous coal potential on the Pace acreage.
About American Power Corp.
American Power Corp. is a publicly traded, dynamic energy company based in Denver, Colorado. The Company was established with the focus of acquiring near-term, large-scale coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.
American Power is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), in several independent studies, range from 172 million up to 410+ million tons of high volatile bituminous B coal.
American Power Corp. trades on the NASD OTC BB under ticker symbol AMPW. Shareholders are invited to contact corporate communications toll free at (800) 537-1110 for further information or visit the Company's website at www.americanpowerco.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
American Power Corp.
Al Valencia, CEO
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that American Power Corp.'s 29,000-acre leases in Judith Basin County, Montana, have high volatile bituminous B coal in the range of 172 and 410+ million tons. Readers should also refer to the risk disclosures outlined in the Company's quarterly reports on Form 10-QSB, annual reports on Form 10-KSB, and the Company's other disclosure documents filed from time-to-time with the Securities and Exchange Commission available at www.sec.gov
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this document that SEC's guidelines may prohibit us from including in filings with the SEC.
Investor Relations Information:
Toll Free: 1-800-537-1110
E-mail: Email Contact
Source: Marketwire (December 7, 2010 - 9:25 AM EST)
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