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RIG of Opp. + IPO Please !!
Addax Petroleum statement
Monday June 9, 11:04 am ET
CALGARY, June 9 /CNW/ - Addax Petroleum Corporation (TSX: AXC and LSE: AXC) ("Addax Petroleum" or the "Corporation") today made the following announcement.
It is with regret that Addax Petroleum reports the death of a Nigerian Navy personnel member following the defense of a vessel which had been contracted by the Corporation to provide security services on OML126, offshore Nigeria. During the incident four other Navy personnel and crew were injured. Addax Petroleum would like to extend its sympathy and sincere condolences to the family of the deceased over this very sad loss and extend our support for a full and speedy recovery for the injured.
ADVERTISEMENT
OML126 is located approximately 90 kilometres offshore south of Port Harcourt, and approximately 40 kilometres from the Nigerian coastline, in water depths averaging 130 metres. At approximately 11:45 pm on Sunday, June 8, 2008, the Navy vessel on OML126 was approached and attacked by unknown assailants in two speedboats. The two speedboats departed without any adverse effect on the Corporation's operations or technical infrastructure in OML126. The Navy personnel and vessel have been taken to LNG Bonny Island where the injured personnel are receiving medical attention.
Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: "We are deeply saddened by this incident and our thoughts and prayers are with the victim's family and those of the injured personnel. Since commencing operations in Nigeria a decade ago, Addax Petroleum has established a practice to proactively build excellent relationships with the local communities and has fostered a climate of open dialogue and mutual respect. We strongly believe that this unfortunate incident was a pre-meditated act by criminal elements seeking personal benefit and is inconsistent with the socially responsible relationship that exists between Addax Petroleum and the local communities."
Full investigations into this criminal incident are underway by local and federal security and government agencies and by Addax Petroleum.
About Addax Petroleum
Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West Africa and the Middle East. Addax Petroleum is one of the largest independent oil producers in West Africa and has increased its crude oil production from an average of 8,800 bbl/d for 1998 to an average of approximately 139,100 bbl/d for the first quarter of 2008. Further information about Addax Petroleum is available at www.sedar.com, www.londonstockexchange.com or the Corporation's website, www.addaxpetroleum.com.
Legal Notice - Forward-Looking Statements
Certain statements in this news release constitute forward-looking statements under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as "anticipate", "believe", "intend", "expect", "plan", "estimate", "budget", "outlook", "may", "will", "should", "could" , "would" or other similar wording. By its very nature, such forward-looking information requires Addax Petroleum to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information. These factors are discussed in greater detail in filings made by Addax Petroleum with the Canadian provincial securities commissions.
Readers are cautioned that the forward-looking information contained in this news release is made as of the date of this news release and, except as required by applicable law, Addax Petroleum does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
For further information
Mr. Patrick Spollen, Investor Relations, Tel.: +41 (0) 22 702 95 47, patrick.spollen@addaxpetroleum.com
Mr. Craig Kelly, Investor Relations, Tel.: +41 (0) 22 702 95 68, craig.kelly@addaxpetroleum.com
Ms. Marie-Gabrielle Cajoly, Press Relations, Tel.: +41 (0) 22 702 94 44, marie-gabrielle.cajoly@addaxpetroleum.com
Mr. Nick Cowling, Press Relations, Tel.: (416) 934-8011, nick.cowling@cossette.com
Mr. James Henderson, Press Relations, Tel.: +44 (0) 20 7743 6673, james.henderson@pelhampr.com
Mr. Alisdair Haythornthwaite, Press Relations, Tel.: +44 (0) 20 7743 6676, alisdair.haythornthwaite@pelhampr.com
--------------------------------------------------------------------------------
Source: Addax Petroleum Corporation
154,784k trade! - I think by MM VERT
shallow water delta vs Deep Water
no affect on JDZ/EEZ
will only encourage more navel security in the region
just shows how the world is going CRAZY for OIL
let the ERHC Bidding wars begin
Related - Addax, Nigerian militants seize oil vessel with 8 sailors
LAGOS, June 9 (Reuters) - Armed militants in southern Nigeria ambushed an oil vessel belonging to Canada's Addax Petroleum Corp. (AXC.TO: Quote, Profile, Research) on Monday and are holding 8 naval personnel on board, a navy spokesman said.
"Militants and eight naval ratings are on the ship, which left the Calabar area and is heading towards Onne in Rivers state," Nigerian navy spokesman Henry Babalola said.
"We have asked for the commander in the Port Harcourt area to send reinforcements to rescue the ship," he said. (Reporting by Tume Ahemba; Editing by Nick
sounds good, ERHC alerts from Dan Keeney
you can now receive direct ERHC Alerts from Dan in your E-mail or Blackberry
simply add yourself to the new ERHC Group on Face Book
just search ERHC Energy in Groups
ERHC Website updated with Peter's Video Presentation
now available for replay
http://www.erhc.com/presentations/
ERHC Energy Web TV Presentation + CEO TV Interviews
Replays NOW AVAILABLE as posted on Face Book
ERHC Web TV presentation to RedChip Conference
http://www.modavox.com/events/redchip/0608/room1.html
and..
Acting CEO Peter Ntephe Interview - on RedChip TV !!
http://www.modavox.com/events/redchip/0608/ceo_interviews.html
Site sign in may be required
'Hysteria' drives oil to record high $138.50
Oil prices shot up nearly $11 a barrel and settled today at a record $138.54 -- driven by geopolitical jitters, a dollar decline stemming from a weak jobs report and a forecast that oil would hit $150 by July 4.
"It's pure hysteria," one industry analyst told
CNNMoney.com http://www.cnn.com/
30 Crappie that is Wrong !!! - a Rig of Opportunity is being sought as you read this
1. When will drilling start in JDZ block 4?
------------------------------------------
Addax is doing the maximum to drill earlier and is actively looking for a rig of opportunity, <<<< ideally for Q3-Q4/FY08.>>>>>
They are willing and able to spend the USD 600.000 or more per day for an earlier drillship. First target: the Kina prospect in block 4.
rufisque Greatly Appreciated !! of NOTE
1. When will drilling start in JDZ block 4?
------------------------------------------
The Aban Abraham will be drilling for Addax approximately a year from now, in Q3FY09, up to 10 wells. Addax is doing the maximum to drill earlier and is actively looking for a rig of opportunity, ideally for Q3-Q4/FY08. They are willing and able to spend the USD 600.000 or more per day for an earlier drillship. First target: the Kina prospect in block 4.
3. Where is Addax on the block 4 Godsonic issue?
--------------------------------------------------
Actually subject of arbitration in London. A friendly arbitration process, the relationship with ERHE is excellent. Addax will most probably end up with an additional 7.2% of block 4, ERHE with 1.8%.
7. Jean-Claude Gandurs plans for the future?
---------------------------------------------
Finish the actual 3 year program, increase the value of the company and sell the company for the highest amount possible (possibly in the order of USD 16 B). Jean-Claude Gandur started the business with USD 13 M, Addax is now worth USD 8 B and the programs underway (JDZ and Taq-Taq) should double the Company. Addax is looking for acquisitions.
new ERHC Leaders Video now Posted
on the ERHC Energy Group at Face Book
ERHC Web Site Update
http://www.erhc.com/
the 12%
ERHC Energy has a composite 110% of rights across the nine blocks.
So they have 110% of the 900% universe.
About 12%.
Not to suggest we have rights to 12% of the oil, necessarily. But we have 12% of the aggregate rights awarded to date in the JDZ. We used the figure to try to offer some context of the Company’s considerable presence in the JDZ.
Dan Keeney, APR
DPK Public Relations
ERHC Alert as posted on Facebook - Peter Ntephe's Scripts and a PDF of his presentation are now posted on the ERHC site:
http://www.erhc.com/presentations/
or
http://www.erhc.com/en/art/?55
so JDZ Block 2, in which ERHC has a 22 percent interest, has recoverable
reserves potential of 2.63 billion barrels.
= 578.6 Bbls
-- JDZ Block 3, in which ERHC has a 10 percent interest, has recoverable
reserves potential of more than 600 million barrels.
= 60 Mbls
-- The recoverable reserves potential of JDZ Block 4, in which ERHC has a 26.7* percent interest, is estimated to be 1.86 Bbls billion barrels.
= 496.6
So ERHC is sitting on 1.135 Bbls in the JDZ BL 2,3,4
x $12 Bbl = / OS = $18 PPS
or
x $15 Bbl = / OS = 23 PPS
WOW
* not inc. BL 4 give back
PR CLARIFICATION from DK
ERHCs figures from Today's PR
The JDZ Figures Released today are
"TOTAL recoverable reserves potential based on WesternGeco's interpretation".
-- JDZ Block 2, in which ERHC has a 22 percent interest, has recoverable
reserves potential of 2.63 billion barrels.
-- JDZ Block 3, in which ERHC has a 10 percent interest, has recoverable
reserves potential of more than 600 million barrels.
-- The recoverable reserves potential of JDZ Block 4, in which ERHC has a 26.7* percent interest,
is estimated to be 1.86 billion barrels.
also .....Not to suggest they have rights to 12% of the TOTAL oil, necessarily. But we have 12% of the aggregate rights awarded to date in the JDZ.
They used the figure to try to offer some context of the Company’s considerable presence in the JDZ.
Dan Keeney, APR
DPK Public Relations
Peter Netephe is a Great Leader !!!!
$2 Trillion of OIL IN JDZ
ERHC HAS 12%
my calculator just broke !!! need more Zeros
and going to Nasdaq / AMEX or Toronto Stock Exg
YES Just Started !!
ERHC NEWS !!! *** WOW *** ERHC Energy Inc. Describes Analysis of Seismic Data at RedChip Conference
Thursday June 5, 4:01 pm ET
Potential Recoverable Oil Reserves Estimated at 5 Billion Barrels in JDZ Blocks 2, 3 and 4
SAN FRANCISCO, CA--(MARKET WIRE)--Jun 5, 2008 -- ERHC Energy Inc. (OTC BB:ERHE.OB - News), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, discussed a block-by-block analysis of three Joint Development Zone (JDZ) Blocks in a presentation at the RedChip Small-Cap Investor Conference in San Francisco. WesternGeco's interpretation of seismic data estimates the combined recoverable reserves potential of JDZ Blocks 2, 3 and 4 could total more than 5 billion barrels of oil (P50), prior to deductions.
The report was prepared for ERHC by WesternGeco in 2003 using reservoir parameters similar to those known from nearby fields in Nigeria and Equatorial Guinea. Since then, it has informed the Company's decision-making and strategy.
The report estimated the following:
-- JDZ Block 2, in which ERHC has a 22 percent interest, has recoverable
reserves potential of 2.63 billion barrels.
-- JDZ Block 3, in which ERHC has a 10 percent interest, has recoverable
reserves potential of more than 600 million barrels.
-- The recoverable reserves potential of JDZ Block 4, in which ERHC has a
26.7* percent interest, is estimated to be 1.86 billion barrels.
ADVERTISEMENT
The estimate of "recoverable reserves potential" is based on the report, which interpreted and mapped seismic data, highlighted prospectivity and calculated volumetrics. It did not include any attempt to comply with any SEC definition of reserves. ERHC's percentage interest determines the amount of oil to which it will be entitled from any proven reserve, after deductions from the reserves for cost, taxes, royalties and the Joint Development Authority's share.
"We are looking forward to the start of exploratory drilling," said Acting President and Chief Executive Officer Peter Ntephe. "At the same time, we are pushing forward aggressively with other initiatives to accelerate growth by duplicating what we have been able to accomplish in the Gulf of Guinea."
In his presentation to the RedChip Small-Cap Investor Conference, Mr. Ntephe outlined ERHC's plan to establish or acquire a subsidiary that will be listed on the Alternative Investments Market of the London Stock Exchange. That subsidiary will invest in assets that leverage the Company's strengths in central West Africa. Investors are invited to listen to a replay of his presentation at www.redchip.com.
About ERHC Energy
ERHC Energy Inc. is a publicly traded American company with valuable oil and gas assets in the in the highly prospective Gulf of Guinea. ERHC is committed to creating and delivering significant value for its shareholders, investors, and employees; sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas 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 on this Web site, such as "recoverable reserves potential," that the SEC's guidelines generally prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K. You may review our filing with the SEC at the following Web site: www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235.
This press release contains statements concerning ERHC Energy Inc.'s future operating milestones, future drilling operations, the planned exploration and appraisal program, future prospects, future investment opportunities and financing plans, future shareholders' meetings, response to the Senate Subcommittee investigation, developments in the SEC investigation of the Company and related proceedings, as well as other matters that are not historical facts or information. Such statements are inherently subject to a variety of risks, assumptions and uncertainties that could cause actual results to differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports and other filings with the Securities and Exchange Commission. These factors include, among others, those relating to the Company's ability to exploit its commercial interests in the JDZ and the exclusive territorial waters of São Tomé and Príncipe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company's control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.
*Subject to a possible transfer of 7.2% to Addax Petroleum related to a matter currently being negotiated.
Contact:
Contact:
Dan Keeney, APR
DPK Public Relations
832-467-2904
Email Contact
Addax Presents today at 10:00 AM EST
http://webcast.streamlogics.com/audience/index.asp?eventid=95155
Registration required
ERHC presentation Link now posted
http://www.erhc.com/
Slide show primed - but not yet loaded
tokelley Float listed is correct
float 498.6 million shares
Total shares minus - [restricted shares]
ERHC Web Site Update
http://www.erhc.com/en/art/?53
S2R - for ERHC it is a totally different site that focuses on community and mutlimedia / interactive environments
Put the Face to the Name and allows members to
share photos / videos / Audio / links / and Instant Messages / + Live Chat
and most importantly
Direct Alerts from Dan Keeney
those are the benefits of Face Book
MM-VERT is trying a small shake here -
Dont be fooled VERT is a net Buyer IMO
only 2MMs to $0.60, 3MMs to $0.62 !!!
he aint gett'n mine
50 members now on the ERHC Group on Face Book with a new updated link from Dan Keeney !!
2 MMs till a new 52 Week High !!!
Slow N Steady as she goes - "I Captain"
Wow Oilphant - that was a complete sentence
Popcorn ready !!!!!!!!
Thx, we now have 47 Members on the new ERHC Group on Face Book
06/03 ERHC NEWS / RedChip Announces 2008 Small-Cap Investor Conference in San Francisco
Prime Newswire
RedChip Announces 2008 Small-Cap Investor Conference in San Francisco
CEOs of Participating Companies Will Deliver Presentations June 5, 2008 At the
Palace Hotel in San Francisco, California
ORLANDO, Fla., Jun 3, 2008 (PrimeNewswire via COMTEX) -- RedChip Companies, Inc.
today announced that the CEOs and executive teams of 35 small-cap companies will
deliver presentations June 5, 2008, 8 a.m. to 5 p.m. at the Palace Hotel in San
Francisco.
RedChip investor conferences are a nationally known forum for emerging small-cap
companies to present their stories before hundreds of retail brokers,
institutional brokers, fund managers, portfolio managers, accredited investors,
and research analysts whose disciplined focus towards the small-cap markets
represents their core investment strategies.
The conference features expo-style exhibitions, networking events, and financial
presentations by small-cap companies representing industries such as natural
resources, industrial goods, basic materials, biotechnology, alternative energy,
oil & gas, consumer services, mining and precious metals, radio broadcasting,
business services, manufacturing, advertising, general building materials,
telecommunications, security, Internet software & services, and more. The event
will also showcase a prototype of the Fisker Karma, a first-of-its-kind plug-in
hybrid sport sedan.
The June 5th conference will include presentations by the following companies:
Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW); Bridgeline Software,
Inc. (BLSW); India Globalization Capital, Inc. (IGC); American Energy Corp.
(AEGG); Rock Energy Resources, Inc. (RCKE); EnterConnect Inc. (ECNI); ERHC Energy
Corp. (ERHE); Anterra Energy, Inc. (Other OTC:ATERF); Argyle Security, Inc.
(ARGL); Cellcyte Genetics Corp. (CCYG); NexGen Biofuels, Ltd. (NXGNF); Worldwide
Energy and Manufacturing USA, Inc. (WEMU); Electro Energy, Inc. (EEEI); Organa
Technologies Group, Inc. (Other OTC:OGNT); Cubic Energy, Inc. (QBIK); VidShadow,
Inc. (Pink Sheets:VSHD); Alternative Construction Technologies, Inc. (ACCY);
Minco Silver Corp. (CA:MSV); Elephant Talk Communications, Inc. (ETLK);
GoldSpring, Inc. (GSPG); Vector Intersect Security Acquisition Corp. and Cyalume
Technologies, Inc. (VTRQ); Vertical Branding, Inc. (VBDG); ZAGG, Inc. (ZAGG); ZBB
Energy Corp. (ZBB); GeoPharma, Inc. (GORX); Proxim Wireless Corp. (PRXM); RXi
Pharmaceuticals Corp. (RXII); Aura Systems, Inc. (AUSI); Modavox, Inc. (MDVX);
Urigen Pharmaceuticals, Inc. (URGP); Golden West Brewing, Inc. (GWBCE);
Microfield Group, Inc. (MICG); VentriPoint Diagnostics Ltd. (CA:VPT); CytRx Corp.
(CYTR); Newtek Business Services, Inc. (NEWT).
Sponsors of the event include Modavox, Inc.; Onstream Media; Investor
Village/Small-Cap Directory; Vintage Filings; Electro Energy, Inc.; and Sichenzia
Ross Friedman Ference LLP.
Details on the event, including a full presenter schedule, are available at
http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp.
Investors all over the world will be able to see and hear presenters at the
conference in real time at http://www.redchip.com. Participating investors will
have the opportunity to meet one-on-one with the CEOs of presenting companies.
Radio talk show host, Gary McKenzie, who hosts RedChip's Real Radio show every
trading day on 700 AM Washington Business Radio, 9 a.m. to 10 a.m. ET, and
RedChip Internet TV, will be at the event recording CEO interviews, which will be
available online after the event on RedChip's web site.
The conference is free for pre-qualified financial professionals and accredited
investors; there is a $150 entrance fee for all others. Space is limited; to
register online, please visit:
http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=attendees
or call 1-800-RedChip (733-2447), Ext. 127.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public
relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing,
with affiliates in New York and San Diego. RedChip delivers concrete, measurable
results for its clients through its extensive national and international network
of small-cap institutional and retail investors. RedChip has developed the most
comprehensive platform of products and services for small-cap companies,
including: RedChip Research(tm), Traditional Investor Relations, Digital Investor
Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and
RedChip Radio(tm). To learn more about RedChip's products and services please
visit: http://www.redchip.com/visibility/productsandservices.asp.
The RedChip Companies, Inc. logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=2761
"Discovering Tomorrow's Blue Chips Today"(tm)
This news release was distributed by PrimeNewswire, http://www.primenewswire.com
SOURCE: RedChip Companies Inc.
RedChip Companies, Inc.
1-800-REDCHIP (733-2447, Ext. 127)
info@redchip.com
http://www.redchip.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
Prediction $.60+ open !!!!
gave the wrong link for the Addax Presentation today
was for the Thurs. Show
No link for todays show
Addax presents today at 10 AM
http://webcast.streamlogics.com/audience/index.asp?eventid=95155
Addax Petroleum Inc., Michael Ebsary, CFO
Thanks Dan for the Great News today the London Road Show sounds great -
Thanks for posting on the ERHC Face Book pages
It appears ERHC has turned the corner for the better
Back to the Roaring Eighties - Thanks OILPHANT
Thx Dan for the update!!!
MITR High Bidder at $0.54 - Hmmmm
Related - Taglich Brothers Initiates Coverage of Hyperdynamics Corporation
Monday June 2, 9:30 am ET
[IMO Wont be long for ERHC]
NEW YORK, NY--(MARKET WIRE)--Jun 2, 2008 -- Taglich Brothers, Inc. announces it has initiated coverage of Hyperdynamics Corporation (AMEX:HDY - News).
Headquartered in Sugar Land, Texas, Hyperdynamics Corporation is an independent oil and gas exploration and production company. Hyperdynamics owns exclusive rights for exploration and exploitation of oil and gas in a 31,000 square mile concession off the coast of the Republic of Guinea in West Africa. In addition to its Guinea concession, the Company holds working interests in several oil and gas properties with proven reserves in Northeast Louisiana.
ERHC / RedChip Schedule of Presenters
June 5th / 1:20 pm / ERHC goes after Lunch
...see below http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=showschedule
...
Exceo THIS IS ERHC ...
"to decipher witty, cute, clever, emotional, manipulative or cryptic posts"
Been the company motto
Always was and perhaps always will be - just part of the fun
Addax Petroleum presents at upcoming conferences
Friday May 30, 3:16 am ET
CALGARY, May 30 /CNW/ - Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC), announces that Mr. Jean Claude Gandur, President and Chief Executive Officer, will be presenting at the Credit Suisse Oil & Gas Conference in London on Tuesday, June 3rd, 2008.
In addition, Addax Petroleum announces that Mr. Michael Ebsary, Chief Financial Officer, will be presenting at Scotia Capital's Canadian International E&P Conference in Toronto on Thursday, June 5th, 2008 at approximately 10:00 a.m. local time (3:00 p.m. London U.K. Time). Investors are invited to listen to the live webcast of the Scotia Capital presentation via the following link:
http://webcast.streamlogics.com/audience/index.asp?eventid=95155
The presentation slides for the above conferences will be available prior to the presentations on Addax Petroleum's website at www.addaxpetroleum.com.
About Addax Petroleum
Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on West Africa and the Middle East. Addax Petroleum is one of the largest independent oil producers in West Africa and has increased its crude oil production from an average of 8,800 bbl/d for 1998 to an average of approximately 139,100 bbl/d for the first quarter of 2008. Further information about Addax Petroleum is available at www.addaxpetroleum.com or at www.sedar.com.
Strategyone here is the link for ERHC
http://www.facebook.com/group.php?gid=13968724060&ref=ts
ERHC NEWS from RedChip May 29 2008
RedChip Small-Cap Investor Conference in San Francisco June 5th Will Feature CEO Presentations and First Ever Luxury Plug-In Hybrid
Thursday May 29, 10:00 am ET
Get a Firsthand Look At a Prototype of the Fisker Karma, the World's First Luxury Plug-in Hybrid by Fisker Automotive, an Affiliate of Quantum Fuel Systems Technologies Worldwide, Inc.
ORLANDO, Fla., May 29, 2008 (PRIME NEWSWIRE) -- RedChip Companies, Inc. announced today that the Fisker Karma, the first of its kind plug-in hybrid premium sports sedan created by Fisker Automotive, an affiliate of Quantum Fuel Systems Worldwide, Inc., will be showcased at the RedChip Small-Cap Investor Conference at the Palace Hotel in San Francisco, California, June 5, 2008, from 8 a.m. to 5 p.m. PDT. The conference will feature presentations by the CEOs and executive teams of numerous emerging small-cap companies, including Quantum.
ADVERTISEMENT
The Karma is powered by Quantum's Q Drive advanced hybrid drive system, developed exclusively for Fisker Automotive by Quantum Fuel Systems Technologies Worldwide. Henrik Fisker, whose portfolio includes Aston Martin's DB9 and BMW's Z8 roadster, designed the Karma in aims of changing the face of the automotive industry.
The luxury sports sedan can be driven emission free for up to 50 miles per day on a full charge and can reach a top speed of 128 miles per hour and 0-60 in 5.8 seconds, providing eco-conscious drivers a way to ride in style without compromise on power. Venture capitalists such as Kleiner Perkins Caufield & Byers are involved and made a significant investment in Quantum's Fisker Automotive affiliate, as well as General Motors, who owns a 7% interest in Quantum. The Fisker Karma is being produced in Detroit, with the first cars expected for delivery in late 2009.
Other companies presenting at the conference include scientific pioneers RXi Pharmaceuticals Corp., founded by Nobel laureate Craig Mello, Ph.D., who received the 2006 Nobel Prize in Medicine with his colleague, Andrew Fire, Ph.D., for their groundbreaking research in RNA interference (RNAi); mining leaders Minco Silver Corp., a Canadian-based company developing what may be the largest silver mine in China; and India Globalization Capital, Inc., the only Indian infrastructure company currently trading in the United States.
RedChip investor conferences are a nationally known forum for emerging small-cap companies to present their stories before hundreds of retail brokers, institutional brokers, fund managers, portfolio managers, accredited investors, and research analysts whose disciplined focus towards the small-cap markets represents their core investment strategies.
The June 5th conference will include presentations by the following companies:
Quantum Fuel Systems Technologies Worldwide, Inc. (NasdaqGM:QTWW - News); Bridgeline Software, Inc. (NasdaqCM:BLSW - News); India Globalization Capital, Inc. (AMEX:IGC - News); EnterConnect Inc. (OTC BB:ECNI.OB - News);
ERHC Energy Corp. (OTC BB:ERHE.OB - News);
Anterra Energy, Inc. (Other OTC:ATERF); Argyle Security, Inc. (OTC BB:ARGL.OB - News); Cellcyte Genetics Corp. (OTC BB:CCYG.OB - News); NexGen Biofuels, Ltd. (OTC BB:NXGNF.OB - News); Worldwide Energy and Manufacturing USA, Inc. (OTC BB:WEMU.OB - News); UpSNAP, Inc. (OTC BB:UPSN.OB - News); Electro Energy, Inc. (NasdaqCM:EEEI - News); Organa Technologies Group, Inc. (Other OTC:OGNT.PK - News); Cubic Energy, Inc. (OTC BB:QBIK.OB - News); VidShadow, Inc. (Other OTC:VSHD.PK - News); Alternative Construction Technologies, Inc. (OTC BB:ACCY.OB - News); Minco Silver Corp. (Toronto:MSV.TO - News); Elephant Talk Communications, Inc. (OTC BB:ETLK.OB - News); GoldSpring, Inc. (OTC BB:GSPG.OB - News); Vector Intersect Security Acquisition Corp. and Cyalume Technologies, Inc. (OTC BB:VTRQ.OB - News); Vertical Branding, Inc. (OTC BB:VBDG.OB - News); ZAGG, Inc. (OTC BB:ZAGG.OB - News); ZBB Energy Corp. (AMEX:ZBB - News); GeoPharma, Inc. (NasdaqCM:GORX - News); Proxim Wireless Corp. (NasdaqCM:PRXM - News); RXi Pharmaceuticals Corp. (NasdaqCM:RXII - News); Aura Systems, Inc. (OTC BB:AUSI.OB - News); Modavox, Inc. (OTC BB:MDVX.OB - News); Urigen Pharmaceuticals, Inc. (OTC BB:URGP.OB - News); Golden West Brewing, Inc. (OTC BB:GWBC.OB - News); Microfield Group, Inc. (OTC BB:MICG.OB - News); VentriPoint Diagnostics Ltd. (Toronto:VPT.TO - News); CytRx Corp. (NasdaqCM:CYTR - News); Newtek Business Services, Inc. (NasdaqGM:NEWT - News); and more.
Sponsors of the event include Modavox, Inc.; Onstream Media (NasdaqCM:ONSM - News); Investor Village/Small-Cap Directory; Vintage Filings; Electro Energy, Inc.; and Sichenzia Ross Friedman Ference LLP.
The financial presentations by small-cap companies will feature industries such as biotechnology, alternative energy, oil and gas, consumer services, business services, manufacturing, laser technology, Internet software and services, media, and more.
Details on the event are available at http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp.
Investors all over the world will be able to see and hear presenters at the conference in real time at http://www.redchip.com. Participating investors will have the opportunity to meet one-on-one with the CEOs of presenting companies.
The conference is free for pre-qualified financial professionals and accredited investors; there is a $150 entrance fee for all others. Space is limited; to register online, please visit: http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=attendees or call 1-800-RedChip (733-2447), Ext. 127.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing, with affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp. ``Discovering Tomorrow's Blue Chips Today'(tm)
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
Contact:
RedChip Companies, Inc.
1-800-REDCHIP (733-2447, Ext. 127)
info@redchip.com
www.redchip.com
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Source: RedChip Companies Inc.