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Ahhhh, you been hanging with my bud Chu 2 much...think positive
manifest it as a winner, a tasty double burger with all the toppingts, not a burnt loser.
woohoo, I am calling MTV and VH1
WOW, is that going to be the next hot dance craze?
Its ok to flip it over a bit to add the BBQ sauce.
Dont forget Hormel S P A M mmmmmm
EDIN -- Educational Insights Agrees To Be Acquired By Learning Resources
Com (No Par)
Educational Insights Agrees To Be Acquired By Learning Resources
Rancho Dominguez, CA - September 11, 2006 -- Educational Insights, Inc. (OTC Pink Sheets: EDIN) announced today that, based upon the recommendation of the Company's Board of Directors, the holders of a majority of its voting shares approved a cash merger that will result in Educational Insights, Inc. becoming a wholly-owned subsidiary of an affiliate of Learning Resources, Inc. (LRI). As a result, the Company and LRI signed a definitive Merger Agreement reflecting this cash merger on September 8, 2006. Learning Resources is a leading manufacturer of innovative, hands-on educational materials for classrooms and learning toys for the home.
Under the terms of the agreement, LRI will acquire all the outstanding common stock of Educational Insights for $1.97 per share in cash less transaction expenses estimated at $0.07 per share, or total estimated shareholder consideration of $24.2 million. The companies expect to close the transaction by October 31, 2006. Educational Insights will continue to maintain its headquarters in Rancho Dominguez, California and operate independently after the acquisition.
"Learning Resources is known for its unparalleled service levels, product leadership, innovation, and its long-term commitment to the Education market. The companies share the same core values and operating principles," says G. Reid Calcott, Chief Executive Officer of Educational Insights. "We are delighted that the Educational Insights products and brands will become part of such a dynamic organization and we are all looking forward to contribute to the future growth of the group."
"With its track record of successful and award-winning products, Educational Insights is a natural fit for Learning Resources. Both companies are committed to developing innovative hands-on products that make learning faster, easier and more fun," said Richard Woldenberg, Chief Executive Officer of Learning Resources. "We believe that the addition of Educational Insights to our corporate family, following our recent acquisition of the Safe-T Products and Extra Measures companies, offers our dealers and consumers access to the most extensive hands-on learning product line in the world."
Well-known for quality and outstanding educational content, Educational Insights products have been in use in virtually every elementary school in the United States since the late 1970s. Educational Insights is also a leading brand in the booming educational toy market for home use. Educational Insights branded products are sold through educational dealers, teacher stores, specialty toy retailers, direct mail catalogs and on the Internet. Some of the company's most popular products include Blokus? strategy games, GeoSafari? Talking Globe, Classroom Jeopardy!?, CoinStruction? building sets and The Amazing Live Sea-Monkeys? Activity Sets.
About Educational Insights
Educational Insights, Inc. is a leading designer, developer, and marketer of innovative learning products dedicated to teaching children the fundamentals of geography, math, reading, science, and other subjects. Educational Insights' award winning product line comprises more than 750 educational products and includes electronic learning aids, strategy games, activity books, science kits, manipulatives and learning toys for use in both schools and homes. Educational Insights, Inc. was founded by Burt Cutler in 1962 and is based in Rancho Dominguez, California. More information on Educational Insights can be found at www.EducationalInsights.com.
About Learning Resources
Learning Resources, Inc. is a leading manufacturer of innovative, hands-on educational materials for classrooms and learning toys for the home. For more than 20 years, educators and parents have trusted the company as a source for quality, award-winning educational products teaching language and reading, math, science and early childhood. Headquartered in Vernon Hills, Illinois, Learning Resources markets and distributes its products to over 80 countries around the globe. For more information about Learning Resources, visit http://www.LearningResources.com.
Except for the historical information contained herein, this press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. Editors and investors are cautioned that forward-looking statements invoke significant risk and uncertainties that may cause the Company's actual results to differ materially from such forward-looking statements. Words such as "projects", "believe", "anticipates", "estimate", "plans", "expect", "intends", and similar words and expressions are intended to identify forward-looking statements and are based on our current expectations, assumptions, and estimates about us and our industry. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Although the Company believes that such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors, risks and uncertainties. These factors, risks and uncertainties include, without limitation, continued successful development and acceptance of new products, dependence on off-shore contract manufacturers, competitive factors, dependence on education funding by Federal, State and local governments, dependence on key development and marketing personnel, general economic conditions and other risk factors. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. Additionally, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances subsequent to the release of this information.
CONTACT: Stephen E. Billis,
Chief Financial Officer
(310) 884-2000
EDIN -- Educational Insights Agrees To Be Acquired By Learning Resources
Com (No Par)
Educational Insights Agrees To Be Acquired By Learning Resources
Rancho Dominguez, CA - September 11, 2006 -- Educational Insights, Inc. (OTC Pink Sheets: EDIN) announced today that, based upon the recommendation of the Company's Board of Directors, the holders of a majority of its voting shares approved a cash merger that will result in Educational Insights, Inc. becoming a wholly-owned subsidiary of an affiliate of Learning Resources, Inc. (LRI). As a result, the Company and LRI signed a definitive Merger Agreement reflecting this cash merger on September 8, 2006. Learning Resources is a leading manufacturer of innovative, hands-on educational materials for classrooms and learning toys for the home.
Under the terms of the agreement, LRI will acquire all the outstanding common stock of Educational Insights for $1.97 per share in cash less transaction expenses estimated at $0.07 per share, or total estimated shareholder consideration of $24.2 million. The companies expect to close the transaction by October 31, 2006. Educational Insights will continue to maintain its headquarters in Rancho Dominguez, California and operate independently after the acquisition.
"Learning Resources is known for its unparalleled service levels, product leadership, innovation, and its long-term commitment to the Education market. The companies share the same core values and operating principles," says G. Reid Calcott, Chief Executive Officer of Educational Insights. "We are delighted that the Educational Insights products and brands will become part of such a dynamic organization and we are all looking forward to contribute to the future growth of the group."
"With its track record of successful and award-winning products, Educational Insights is a natural fit for Learning Resources. Both companies are committed to developing innovative hands-on products that make learning faster, easier and more fun," said Richard Woldenberg, Chief Executive Officer of Learning Resources. "We believe that the addition of Educational Insights to our corporate family, following our recent acquisition of the Safe-T Products and Extra Measures companies, offers our dealers and consumers access to the most extensive hands-on learning product line in the world."
Well-known for quality and outstanding educational content, Educational Insights products have been in use in virtually every elementary school in the United States since the late 1970s. Educational Insights is also a leading brand in the booming educational toy market for home use. Educational Insights branded products are sold through educational dealers, teacher stores, specialty toy retailers, direct mail catalogs and on the Internet. Some of the company's most popular products include Blokus? strategy games, GeoSafari? Talking Globe, Classroom Jeopardy!?, CoinStruction? building sets and The Amazing Live Sea-Monkeys? Activity Sets.
About Educational Insights
Educational Insights, Inc. is a leading designer, developer, and marketer of innovative learning products dedicated to teaching children the fundamentals of geography, math, reading, science, and other subjects. Educational Insights' award winning product line comprises more than 750 educational products and includes electronic learning aids, strategy games, activity books, science kits, manipulatives and learning toys for use in both schools and homes. Educational Insights, Inc. was founded by Burt Cutler in 1962 and is based in Rancho Dominguez, California. More information on Educational Insights can be found at www.EducationalInsights.com.
About Learning Resources
Learning Resources, Inc. is a leading manufacturer of innovative, hands-on educational materials for classrooms and learning toys for the home. For more than 20 years, educators and parents have trusted the company as a source for quality, award-winning educational products teaching language and reading, math, science and early childhood. Headquartered in Vernon Hills, Illinois, Learning Resources markets and distributes its products to over 80 countries around the globe. For more information about Learning Resources, visit http://www.LearningResources.com.
Except for the historical information contained herein, this press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. Editors and investors are cautioned that forward-looking statements invoke significant risk and uncertainties that may cause the Company's actual results to differ materially from such forward-looking statements. Words such as "projects", "believe", "anticipates", "estimate", "plans", "expect", "intends", and similar words and expressions are intended to identify forward-looking statements and are based on our current expectations, assumptions, and estimates about us and our industry. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Although the Company believes that such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors, risks and uncertainties. These factors, risks and uncertainties include, without limitation, continued successful development and acceptance of new products, dependence on off-shore contract manufacturers, competitive factors, dependence on education funding by Federal, State and local governments, dependence on key development and marketing personnel, general economic conditions and other risk factors. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. Additionally, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances subsequent to the release of this information.
CONTACT: Stephen E. Billis,
Chief Financial Officer
(310) 884-2000
Just more burgers to flip, well except RVEM that burger is toasted.
Well hope its not sell on news.
Agree Pat.
To the one of no integrity...
PHBT - Pure H20 Bio-Technologies, Inc. Announces Unanimous Decision by the District Court of Appeal of the State of Florida Fourth District Confirming Its Judgment, Totaling Over $1,000,000
Tuesday September 12, 6:00 am ET
BOCA RATON, Fla.--(BUSINESS WIRE)--Sept. 12, 2006--Pure H2O Bio-Technologies, Inc. (Pink Sheets:PHBT - News), announced that on September 6, 2006, it was decided unanimously by three judges of the Fourth District Court of Appeals of the State of Florida, to reverse an order by the trial court, 17th Judicial Circuit, Broward County, Florida, vacating the damages judgment awarded to PHBT in April 2003. The Appellate Court found that, "There was no significant evidence that would allow the trial court to vacate damages judgment." Under this theory of law, the appellate judges reversed the order.
PHBT was awarded the sum of $896,619.50 plus 6% interest annually until fully paid from the 17th Judicial Circuit, Broward County, Florida. The award reflected an unanimous jury verdict against Joseph A. Mazziotti and Louis Mazziotti of Louisville, Kentucky, for Fraud, Breach of Contract and Money lent and triple damages for Civil Theft under Florida Statute 772.11. The jury decided unanimously to award damages on the basis that Joseph A. Mazziotti and Louis Mazziotti misappropriated corporate funds, which were intended for the purchase of equipment, and found that these funds were used for their own personal use; which was determined to be embezzlement. PHBT's complaint further alleged false statements, misrepresentations and omissions of material fact, which resulted in the issuance of shares of stock, providing the Mazziottis with monies for fraudulent expense reimbursements and fictitious research and development. To date, accumulated interest, at the legal rate, has the judgment worth over $1,075,943. The Company's counsel intends to aggressively pursue collection of this judgment which is partially secured by real estate in Kentucky.
PHBT's CEO, Joseph P. Doxey, stated, "Now that the Appeal Court has spoken, it has cut off any further efforts for the defendants to escape from under this judgment."
About PHBT: PHBT is a publicly held company specializing in the research, development and commercialization of its unique residential and commercial water disinfection systems. The Company intends to commence the manufacture and distribution of its products through a network of Independent distributors. The public is becoming increasingly aware of the threat of terrorists who may try to introduce waterborne contaminates into the nation's water supplies. PHBT is positioned to produce and market its disinfection systems on the homeland security front fulfilling an urgent public need.
The foregoing press release contains forward-looking statements that can be identified by such terminology as "expects," "potential,""suggests," "may," "intends," or similar expressions. Such forward-looking statements involve known risks, uncertainties, and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management expectations regarding future research, development, and or commercial results could be affected by, among other things, uncertainties relating to the availability of future financing; unexpected regulatory delays or government regulation generally; the company's ability to obtain or maintain patent and other proprietary intellectual property protection; and competition in general. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Contact:
Pure H20 Bio-Technologies, Inc., Boca Raton
Media & Investor Contact:
Elena Canadeo, 561-218-6169
--------------------------------------------------------------------------------
Source: Pure H20 Bio-Technologies, Inc.
U.S. embassy attack boosts oil
Tuesday September 12, 6:34 am ET
By Lincoln Feast
LONDON (Reuters) - Oil prices rallied and European stocks briefly dipped on Tuesday after an attack on the U.S. embassy in Syria rattled investors, while the dollar hovered near a two-month high against the yen after weak Japanese data.
Safe-haven assets like gold and the Swiss franc ticked higher after four gunmen attacked the U.S. embassy in Damascus but failed to harm any diplomats before being killed, according to a Syrian official.
U.S. light crude extended gains to trade more than 1 percent higher at $66.30 per barrel, stemming losses of more than 12 percent in less than a month.
Despite the modest rally, some analysts said oil prices could fall further as risks of disruptions to supply from Iran's dispute with the West over its nuclear program and from the U.S. hurricane season appeared to have eased.
"Crude is looking very overvalued and oversupplied as we move into the autumn when (refinery) turnarounds are planned in the United States and in Europe," said Mike Coleman, a partner with Singapore-based hedge fund Aisling Analytics.
European shares slipped into negative territory as the news from Syria filtered out but gains for healthcare companies offset ongoing weakness in some basic resource stocks such as copper miner Antofagasta.
Mining companies in particular have struggled in recent sessions as softer economic data points to slowing demand across the commodities spectrum.
"As the (economic) numbers continue to weaken, get out of straight-forward cyclicals and get into a bit more defensive mode," said Patrik Schowitz, a global strategist at HSBC.
Nokia lent support, rising 2.3 percent after saying it had signed network and handset deals with Chinese customers which would be worth more than 2 billion euros this year.
The FTSEurofirst 300 index was trading 0.4 percent higher at 1,355.0 points by 0934 GMT, having fallen as low as 1,345.5 during early trade.
In Tokyo, the Nikkei average dipped 0.5 percent to close at a one-month low of 15,719.3 points as weak commodity prices stoked worried about global demand and weighed on stocks such as steel makers.
BUNDS FALL
Government bond futures fell after stronger-than-expected German wholesale prices data fueled expectations that euro zone interest rates will have to rise to control inflation but pared some of their losses after news of the attack in Damascus.
British gilts extended losses after stronger-than-expected British consumer price data fueled expectations of higher interest rates from the Bank of England.
British consumer prices rose 2.5 percent year on year in August, exceeding the 2.4 percent expected by economists.
"With consumer price inflation unexpectedly moving back up in August and core inflation rising, another interest rate hike in November remains very much on the cards," said Howard Archer, an economist at Global Insight.
"Rising prices for items such as clothing, footwear and household goods will maintain the Bank of England's concern that underlying inflation is starting to creep up. "
The data boosted sterling around half a cent versus the dollar, trading around $1.8725.
The yen remained near a two-month low against the dollar, hurt by data showing consumer confidence worsened in August, further dimming expectations of rapid interest rate rises in Japan.
The dollar was trading little changed on the day at 117.55 yen, just off the two-month high of 117.77 yen it hit on Monday, according to Reuters data.
The euro was up a touch versus the dollar at $1.2712 and the yen at 149.4.
Currency markets are looking to U.S. trade data due at 1230 GMT, which is expected to show the U.S. deficit widening to $65.5 billion in August.
PBLS - Phoenix Informs Shareholders About Best Jets Engines, Inc.
Tuesday September 12, 5:45 am ET
NEW ORLEANS, LA--(MARKET WIRE)--Sep 12, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today released information on Best Jets Engines, Inc., one of the five "C" Corporations formed following the August 17th acquisition of the Best Jets Group of Companies.
Paul Alonzo, President and CEO of Phoenix Associates, stated, "We announced earlier that we would endeavor to more fully inform our shareholders about Best Jets and the exciting group of companies that we have acquired. Best Jets Engines, Inc. is one of the five new 'C' Corporations coming out of the original nine LLCs or partnerships that comprised the Denison, Texas-based Best Jets Group."
Best Jets Engines, Inc., a company that evolved from the combination of Best Jets Ltd and Best Jets Parts Ltd, is an FAA certified Jet Engine repair station which specializes in CJ610, CF700 and J85 Jet Engines. Best Jets Engines, Inc. has one of the largest inventories of parts in the world for 20 series Lear Jets and the above mentioned engines. Best Jets Engines, Inc also maintains a substantial inventory of completed engines that can be traded out to aircraft owners, thereby cutting the down time of an aircraft when engine rebuild becomes necessary.
Best Jets Engines, Inc. performs repairs, inspections and overhauls on General Electric CJ610 and CF700 series of turbo jet engines. These engines are most commonly used on 20 series Lear Jets and the Dassault Falcon 20. By way of background, the manufacturer specifies that these engines be overhauled every 5,000 hours of operation at a cost typically ranging from $250,000 to $400,000. They also require inspection of "Hot sections," the area from the combustion chamber to the turbine section where the hot gasses exit the engine, every 1,000 hours of operation. Depending on conditions discovered, a hot section inspection might cost from $50,000 to $100,000.
Recently, General Electric announced a "Propulsion Modernization Program" (PMP) for these engines that double the time between overhaul (TBO) from 5,000 to 10,000 hours and the "Hot Section" inspection interval from 1,000 to 2,000 hours. Best Jets has been working closely with General Electric to become the only engine shop authorized by GE to perform the modernization upgrade on engines in the civilian market. GE originally developed the PMP for the US Air Force, where these engines (under the moniker of "J85") provide propulsion for the T-38 Jet Trainer. They plan to keep the engine in service though the year 2040.
This new "solid spool compressor" engine will be standard equipment on the Best Jets 21st Century Lear Jet conversion Gold and Platinum Editions.
Additionally Best Jets Engines, Inc. has purchased an engine test cell that is in the process of being delivered and assembled at the Denison, Texas site.
Mr. Alonzo stated, "We believe that the new engine test cell capability will put Best Jets Engines at a completely different level than any other civilian engine company and will position Best Jets Engines to go after the lucrative market of foreign J85 military engine rebuilding."
The J85 engine is the same engine that powers the 20 series Lear Jet, but has an after burner which when in use increases the thrust enormously. There are about 10,000 of these engines worldwide.
Best Jets Engines, Inc. is currently negotiating a large contract to bring in a large number of the J85 engines for storage, disassembly, inspection and rebuild. This contract is projected to take 3-5 years to complete.
Mr. Alonzo added, "We at Phoenix look forward to working with the management and employees of Best Jets Engines, Inc. and expect revenues of this company to grow into tens of millions of dollars per year during the next 1-2 years."
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
Contact:
For More Information Contact:
Mike Mulshine
Osprey Partners
(732) 292-0982
osprey57@optonline.net
--------------------------------------------------------------------------------
Source: Phoenix Associates Land Syndicate
PBLS - Phoenix Informs Shareholders About Best Jets Engines, Inc.
Tuesday September 12, 5:45 am ET
NEW ORLEANS, LA--(MARKET WIRE)--Sep 12, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today released information on Best Jets Engines, Inc., one of the five "C" Corporations formed following the August 17th acquisition of the Best Jets Group of Companies.
Paul Alonzo, President and CEO of Phoenix Associates, stated, "We announced earlier that we would endeavor to more fully inform our shareholders about Best Jets and the exciting group of companies that we have acquired. Best Jets Engines, Inc. is one of the five new 'C' Corporations coming out of the original nine LLCs or partnerships that comprised the Denison, Texas-based Best Jets Group."
Best Jets Engines, Inc., a company that evolved from the combination of Best Jets Ltd and Best Jets Parts Ltd, is an FAA certified Jet Engine repair station which specializes in CJ610, CF700 and J85 Jet Engines. Best Jets Engines, Inc. has one of the largest inventories of parts in the world for 20 series Lear Jets and the above mentioned engines. Best Jets Engines, Inc also maintains a substantial inventory of completed engines that can be traded out to aircraft owners, thereby cutting the down time of an aircraft when engine rebuild becomes necessary.
Best Jets Engines, Inc. performs repairs, inspections and overhauls on General Electric CJ610 and CF700 series of turbo jet engines. These engines are most commonly used on 20 series Lear Jets and the Dassault Falcon 20. By way of background, the manufacturer specifies that these engines be overhauled every 5,000 hours of operation at a cost typically ranging from $250,000 to $400,000. They also require inspection of "Hot sections," the area from the combustion chamber to the turbine section where the hot gasses exit the engine, every 1,000 hours of operation. Depending on conditions discovered, a hot section inspection might cost from $50,000 to $100,000.
Recently, General Electric announced a "Propulsion Modernization Program" (PMP) for these engines that double the time between overhaul (TBO) from 5,000 to 10,000 hours and the "Hot Section" inspection interval from 1,000 to 2,000 hours. Best Jets has been working closely with General Electric to become the only engine shop authorized by GE to perform the modernization upgrade on engines in the civilian market. GE originally developed the PMP for the US Air Force, where these engines (under the moniker of "J85") provide propulsion for the T-38 Jet Trainer. They plan to keep the engine in service though the year 2040.
This new "solid spool compressor" engine will be standard equipment on the Best Jets 21st Century Lear Jet conversion Gold and Platinum Editions.
Additionally Best Jets Engines, Inc. has purchased an engine test cell that is in the process of being delivered and assembled at the Denison, Texas site.
Mr. Alonzo stated, "We believe that the new engine test cell capability will put Best Jets Engines at a completely different level than any other civilian engine company and will position Best Jets Engines to go after the lucrative market of foreign J85 military engine rebuilding."
The J85 engine is the same engine that powers the 20 series Lear Jet, but has an after burner which when in use increases the thrust enormously. There are about 10,000 of these engines worldwide.
Best Jets Engines, Inc. is currently negotiating a large contract to bring in a large number of the J85 engines for storage, disassembly, inspection and rebuild. This contract is projected to take 3-5 years to complete.
Mr. Alonzo added, "We at Phoenix look forward to working with the management and employees of Best Jets Engines, Inc. and expect revenues of this company to grow into tens of millions of dollars per year during the next 1-2 years."
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
Contact:
For More Information Contact:
Mike Mulshine
Osprey Partners
(732) 292-0982
osprey57@optonline.net
--------------------------------------------------------------------------------
Source: Phoenix Associates Land Syndicate
U.S. stocks set for mixed open
Tuesday September 12, 6:25 am ET
U.S. stocks were set to open mixed Tuesday as investors ponder possible management shakeups, expected tech developments and a trade report.
At 6:30 a.m. ET, S&P futures were lower, but were pointing toward a higher start after fair value was taken into consideration. Nasdaq futures indicated a decline for the tech-laden market.
Management changes could be on tap at drugmaker Bristol-Myers Squibb and computer and perihperal maker Hewlett-Packard.
A federal monitor overseeing Bristol-Myers Squibb urged the dismissals of CEO Peter Dolan and the firm's general counsel, according to a report in the Wall Street Journal, which could prompt the board to fire the two of them as soon as Tuesday.
The investigation into tactics used in an internal Hewlett-Packard investigation into board leaks has widened to include an inquiry from the U.S. Attorney for Northern California, the computer maker said Monday. That could force the ouster of chairman Patricia Dunn, who has taken most of the heat for the probe. Still shares lost only a penny in after-hours trading following the latest disclosure.
Chipmaker Texas Instruments narrowed its revenue and earnings forecast for the current quarter Monday after the bell, sending shares of the stock down nearly 1 percent in after-hours trading.
Apple is expected to disclose its movie download offering Tuesday. And Microsoft announced late Monday that it had officially launched its Live Search service, the successor to the Web-search tool on its MSN portal.
Oil was higher, testing the $66 a barrel level on news that Syrian security forces killed four gunmen after they tried to storm the U.S. Embassy in Damascus. U.S. light crude was up 34 cents to $65.95 a barrel in electronic trading, while Brent crude traded in London was 38 cents higher at $64.93.
The one major economic reading due Tuesday is the July trade report. Economists are forecasting the U.S. trade gap will rise to $65.5 billion from $64.8 billion in June.
San Francisco Federal Reserve President Janet Yellen is due to speak on the economy in California Tuesday.
Treasury prices eased, raising the 10-year note yield to 4.82 percent from 4.80 percent late Monday. The dollar was slightly lower against the euro and little changed against the yen.
Stocks in Asia ended mostly lower, the execption being Hong Kong's Hang Seng which gained nearly 1 percent. Meanwhile, major indexes in Europe were slightly higher in early trading.
More news and information on markets ahead of the U.S. open
_______________________________
Watch Tuesday's market activity
BRVO(E) - Bravo! Foods Reports Second Quarter 2006 Financial Results
Monday September 11, 4:01 pm ET
Revenue Increases 51%
NORTH PALM BEACH, Fla., Sept. 11 /PRNewswire-FirstCall/ -- Bravo! Foods International Corp. (OTC Bulletin Board: BRVOE - News), a brand development and marketing company that promotes and distributes vitamin-fortified, flavored milk drinks and other beverages, announced today that total revenue for second quarter 2006 was $3.7 million, an increase of 51% over second quarter 2005 revenue of $2.5 million. Increased distribution attributable to Coca-Cola Enterprises was primarily responsible for this gain.
Bravo! reported a $5.1 million loss from operations in the second quarter 2006 as compared to a $2.5 million loss from operations for the second quarter 2005. Higher selling costs related to new product launches and expansion was primarily responsible for this increased loss.
In the second quarter 2006 the company reported a loss on derivatives of $5.0 million as compared to a loss on derivatives of $77.3 million in the second quarter 2005. These are non-cash items. The company reported a net loss applicable to common shareholders of $13.4 million compared to net loss of $81.0 million in the same period of prior year. Net loss on a fully diluted per share basis was $0.07 in the second quarter 2006 as compared to a net loss per share of $1.12 for the three months ended June 30, 2005. The weighted average shares outstanding increased to 189.4 million shares in the second quarter 2006 from 72.4 million shares in the second quarter 2005. The increase in the number of weighted average shares outstanding was attributable to the exercise of warrants and private placement financings.
Roy Warren, Chief Executive Officer, commented, "We are pleased with the way the business is developing. Increased capacity as well as increased distribution has enabled us to grow revenue at a healthy pace. We also continue to improve our financial position as evidenced by the successful completion of our recent $30 million private placement. Funds from this financing will strengthen our balance sheet and enable us to grow the business."
Additional information can be found in Bravo! Foods International Corp's Current Report on Form 10-QSB filed with the Securities and Exchange Commission on September 11, 2006.
Conference Call
Bravo! will host a conference call on September 11, 2006 at 4:15 p.m. Eastern Time to discuss these results. Roy G. Warren, the company's Chief Executive Officer, and Jeffrey J. Kaplan, the company's Chief Financial Officer, will be hosting the call. The call in number for today's call is 877-407-9205 (International: 201-689-8054); No Passcode required. The call will be webcast and can be accessed from the company's website at www.bravobrands.com with the webcast link available under the investor section. If you are unable to participate on the live call, a replay will be available until September 13, 2006 at 11:59 p.m. Eastern Time and can be accessed by dialing 877-660-6853 (International: 201-612-7415); enter account number 286; conference identification number 213648. The webcast will be archived on the company's website.
About the Company
Bravo! Foods International Corp. develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 United States, Great Britain and various Middle Eastern countries. Bravo!'s products are available in the United States and internationally through production agreements with regional aseptic milk processors and are currently sold under the brand names Slammers® and Bravo!(TM). Bravo!'s Slammers® products are available nationwide in popular chains such as: 7-Eleven, A&P, Dutch Farms, Giant Food Stores, Jewel, Kings, Pathmark, Safeway, Sam's Club, Shaw's, ShopRite, Speedway, SuperTarget, Unified, Waldbaums and Walgreens.
Many of Bravo! Foods' Slammers® lines of shelf-stable, single-serve milk drinks are co-branded through exclusive partnerships with Masterfoods, a division of Mars Incorporated, and MD Enterprises (Moon Pie®), providing superior name recognition packaged with quality, great-tasting drinks.
On November 1, 2005, Coca-Cola Enterprises, Inc. began distribution of the Slammers® Masterfoods line, as well as the Bravo!'s Slim Slammers® and Pro Slammers(TM) products, under a Master Distribution Agreement with Bravo!
For more information, visit: http://www.bravobrands.com.
Forward Looking Statements
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission.
Investor Relations Contact
Integrated Corporate Relations
Kathleen Heaney
203-803-3585
Company Contact
Jeffrey J. Kaplan, Chief Financial Officer
(561) 625 1411
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Source: Bravo! Foods International Corp.
DCBI - DC Brands International Announces New Product Targeted at NASCAR Fans
Monday September 11, 4:05 pm ET
DENVER, CO--(MARKET WIRE)--Sep 11, 2006 -- At the close of business Monday; DC Brands International, Inc. (Other OTC:DCBI.PK - News) announced they have developed a new product specifically targeted towards the enormous NASCAR fan base across the country. The company's President & CEO Dick Pearce said, "It is an idea I came up with while working with some of the major chains and big box stores that quite frankly loved our product but thought it might be a little too risqué for their core clientele. Our new product is called Turn Left and the bright yellow can depicts three fictional NASCAR style cars coming out of a banked turn and racing down the straightaway. The product depicts the catch phrase 'Turn Left Twice and You Will Turn Your Day Around.' This phrase suggests that customers drink it at least twice a day to keep their energy levels at their peak. The cans came out great. The graphics are striking. The project started from our working with the buyers and reps of some of the major big box and wholesale groups where we learned that they also had growing frustration with the recent proliferation of individualized, 'signature' drinks targeting NASCAR fans. Some reported having as many as nine separate drinks each under the name of and displaying a specific driver such as Dale Earnhardt Jr., Tony Stewart or Jeff Gordon for example. Although collectively the volumes where quite substantial, each individual drink lacked major numbers in pull through due to the loyal nature of the typical NASCAR fan who would never buy anything with another driver's name on it; other than the one they cheer for. This left the door open for a great product that could appeal to all NASCAR fans while at the same time simply fulfilling the need for the buyers at the store
Mr. Pearce continues, "Our approach to this project is much different from any of our others with respect to distribution. We are only targeting the major wholesale clubs and big box stores such as Sam's Club, Costco, BJ's, Wal-Mart, Target, etc. This is not only because statistically that is where the overwhelming number of NASCAR fans shop, it is also where no individual network of distributors are required. Products go from our manufacturing plants to their major warehouses and they distribute it to the individual stores. This product will lead on price point and will sell for as much as $8.00 a case less than say Red Bull or Monster, which we can afford to do since no outside form of advertising is intended. This means, other than the pallets dropped on the floor, some in-store promotions and taste tests, there will be no bar promotions, or traditional advertising for this product. It will sell like many generic store brands do; as an impulse buy predicated on price point. It is intended to create what we like to call mailbox money. With the realistic potential of case volumes in excess of 30,000-40,000 per month with just three of the groups we're targeting, the revenue potential is enormous. The product development stage is complete and the intellectual property rights have been secured. Samples will begin being shipped to buyers for evaluation this fall and will be available for our shareholders to review at this year's shareholder meeting on November 17th."
For more information on the company, visit their web site at DickensEnergyCider.com
Primary Contact: Keith Howard 303-279-3800
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
Contact:
Contact:
Keith Howard
303-279-3800
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Source: DC Brands International, Inc.
TMJG - Tamija Gold & Diamond Exploration Granted Additional Governmental License & Increase in Territory
Monday September 11, 4:05 pm ET
HOLLYWOOD, FL--(MARKET WIRE)--Sep 11, 2006 -- Tamija Gold & Diamond Exploration, Inc. (Other OTC:TMJG.PK - News), a multi-faceted resource and exploration company specializing in the recovery and exploration of diamonds and gold, announces Tamija Resources Centrafrique, a wholly owned subsidiary, has been granted an additional Reconnaissance License for the exploration of diamonds and gold in the Central African Republic ("C.A.R.") and an enlargement of the originally licensed territory surrounding the city of Bria. The Company filed an application requesting the license for the new area and extended boundaries to the existing license, based on the recommendation of Fernand Nanibet, a C.A.R. Governmental Geologist, and Mathurin Kabassi, a C.A.R. geologist working for the Company.
This recommendation followed their initial survey, with findings that suggested the extended area (4320 km2) would be a likely target of tremendous potential in respect to hosting alluvial diamonds as well as gold reserves. In the case of the newly permitted area of Lobaye-Topia (3095 km2 in the general vicinity of the city of Boda), the geologists suggested that this territory would serve as an excellent complement to TAMIJA's initial license. In support of this addition to TAMIJA's portfolio, is the highly desirable geological characteristic of the Lobaye-Topia coordinates. These coordinates are ideally located in the Carnot Basin, a major formation of sedimentation containing diamonds, which similar to the original licensed territory, is also supplemented with indications of potential gold resources.
Significantly, the two TAMIJA territories now licensed are within the general proximity of the eastern and western borders to the territories held by Aximin, Inc. (a publicly listed mining company). In regard to conducting their ongoing gold exploration, Aximin, Inc. has reported that "...the previously unexplored Archaean greenstone belt in C.A.R. compares in size to some of the major gold producing greenstone belts of the world." The 2005 United States Geological Survey (USGS) report on C.A.R. noted that Aximin, Inc. indicated and inferred resources to be well in excess of one million ounces of gold (exceeding 1 billion U.S. dollars in gross value). From a perspective of potential diamond reserves, the Company's newly permitted area includes a substantial unexploited section and length of the Lobaye River, which has yielded very impressive results to date.
Additionally, TAMIJA has already observed very positive results from artisinal diggers (local labor who recover diamonds and gold, generally using primitive manual methods) working within the new coordinates. In consideration of this mounting geological evidence and TAMIJA's independent research and verification, the Company concluded that the License and expansion of the Bria territory would be very advantageous to the interests of TAMIJA. Pursuant to the C.A.R. Mining Code, the Company's acquisition of this new license is a prerequisite to conducting further geological studies as well as submitting an application for the next entitlement, which is already in progress. With the approval of the next entitlement, TAMIJA would be permitted to commence pre-commercial production operations and conduct further exploration.
For more information, please visit the company's website at www.tamijainc.com
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Tamija Gold & Diamond Exploration, Inc. undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact:
Contact:
Howard Shapiro
954-410-6708
Email Contact
--------------------------------------------------------------------------------
Source: Tamija Gold & Diamond Exploration, Inc.
TQWW - Tailor AquaPonics Highlights MahaCapital LTD Negotiations and Benefits to Shareholders and the Company
Monday September 11, 4:35 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Sep 11, 2006 -- Recently announced Tailor Made Fish Farms, (Other OTC:TQWW.PK - News) has entered into negotiations with MahaCapital LTD in regards to reducing capitalization costs by 50%. In a closed press conference today with InvestSource Communications, Inc. (Other OTC:IVSR.PK - News) Tailor highlights the benefits of this relationship:
-- Constitutional protection @ bilateral investment protection treaties
which means when Tailor does business in Sri Lanka they will be able to
take full advantage of constitutional protection to protect outside
entities when doing business in Sri Lanka. Tailor will be one of the few
Fish Farms in the country of this magnitude.
-- Article 157 of the country's constitution guarantees safety of
investment for businesses that are outside of Sri Lanka.
-- Bilateral agreements exist between Sri Lanka and Australia, Canada,
Egypt, Finland, Indonesia, France, Italy, Malaysia, Norway, China, Romania,
Sweden, Netherlands, Pakistan, Korea, Singapore, Switzerland, and the
United Kingdom.
-- Bilateral agreements are valid for 10 years, plus an optional 10 years
so the business model will have plenty of time to develop and prosper if
plans are executed as planned.
-- Agreements provide Inter Alia protection for nationalization, prompt
and adequate compensation, free remittance of earnings, capital, and
business fees.
-- Settlement of disputes under the International Convention (ICSD), an
investment guarantee agency of the WORLD BANK which is recognized by the
investment community as having the ability of assuring that all laws of the
country are met up to requirements and an overall governing body for any
disputes.
-- Section 16 of the BOI (Board of Investment of Sri Lanka) act is
empowered to grant special concessions to companies meeting specific
strategic and economic objectives of the Government.
-- Under BOI's act, qualifying investments are exempted from the
provisions of the EXCHANGE CONTROL ACT, and are able to maintain bank
accounts in foreign currency.
-- The BOI ACT hedges against exchange rate fluctuations.
Ron Almadova, president of Tailor AquaPonics states, "Given the guaranteed and Liberal laws in Sri Lanka, we feel the joint venturing with MahaCapital will be a sound, safe, and profitable venture for Tailor AquaPonics and Tailor Made Fish Farms."
For more information please go to the company website at http://www.tailoraquaponics.com/ or contact investor relations at 866-427-2196.
About Tailor AquaPonics Worldwide:
Tailor AquaPonics Worldwide, Inc. (Other OTC:TQWW.PK - News) owns a controlling interest in the international growth and development rights to Tailor Made Fish Farms, a company that has developed a technology-driven, easy to operate, land-based modular fish production system. This cutting edge system is both sustainable and environmentally responsible in keeping with the spirit of maintaining an environmentally safe and friendly solution while producing high volumes of superior and healthier farmed fish. This allows an overwhelming production of 'year-round' premium quality fish and vegetables, achieved through compact and controlled production areas using much less water than conventional methods. Our technique conserves water, is environmentally responsible, fresh health products and provides two crops from a single water uptake.
About InvestSource Communications, Inc.:
InvestSource Communications (Other OTC:IVSR.PK - News) is a multimedia relations/public relations firm that specializes in bringing small and micro cap public and private companies to the attention of the general public. InvestSource Communications believes that there are hosts of undervalued companies that don't get the exposure they deserve, and because of their size, have been overlooked by the larger marketing companies. Many of them have solid business plans, work in potentially highly lucrative niche markets, and have superb growth potential. It is the mission of ISC to empower these companies to reap fully all of the benefits of public exposure. For more information visit the corporate website at www.investsourceinc.com.
ADVERTISEMENT
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact:
Contact:
Investor Relations
InvestSource Inc.
866-427-2196
Ron Almadova
President
702-493-7972
--------------------------------------------------------------------------------
Source: Tailor AquaPonics Worldwide, Inc.
CLST - CellStar Enters Into Fulfillment Services Agreement With TTI Mobile
Monday September 11, 4:55 pm ET
COPPELL, Texas, Sept. 11 /PRNewswire-FirstCall/ -- CellStar Corporation (OTC Pink Sheets: CLST - News) announced today that it has entered into an agreement with TTI Mobile LLC. Pursuant to the agreement, CellStar will provide kitting, programming and fulfillment services of certain wireless handsets and related accessory products to TTI Mobile's customers.
TTI Mobile is a leading wireless conglomerate, providing prepaid and postpaid wireless services, unique voice and messaging solutions, and private- label MVNO solutions for corporate entities. With over 25 years of successful wireless experience, TTI has created relationships with many wireless industry partners, allowing them to better serve their clients with seamless consistency and robust wireless offerings.
About CellStar Corporation
CellStar Corporation is a leading provider of logistics and distribution services to the wireless communications industry. CellStar has operations in North America and Latin America, and distributes handsets, related accessories and other wireless products from leading manufacturers to an extensive network of wireless service providers, agents, MVNO's, insurance/warranty providers and big box retailers. CellStar specializes in completely integrated forward and reverse logistics solutions, repair and refurbishment services, and in some of its markets, provides activation services that generate new subscribers for wireless service providers. For more information, visit http://www.cellstar.com .
This news release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. A variety of risk factors, including the Company's ability to implement its business strategies, manage cost-reduction actions, maintain its channels of distribution, continue to secure an adequate supply of competitive products on a timely basis and on commercially reasonable terms, maintain or improve its operating margins, secure adequate financial resources, maintain an adequate system of internal control, comply with debt covenants, and continually turn its inventories and accounts receivable, as well as changes in foreign laws, regulations and tariffs, continued consolidation in the wireless market, new technologies, system implementation or continuation difficulties, competition, handset shortages or overages, terrorist acts or other unforeseen events, economic weakness in the U.S. and other countries in which the Company does business and other risk factors, are discussed in the Company's Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. Any one, or a combination of these risk factors could cause CellStar's actual results to vary materially from anticipated results or other expectations expressed in the Company's forward-looking statements.
--------------------------------------------------------------------------------
Source: CellStar Corporation
MDNU - Medical Nutrition USA Branded Product Sales Increase 62% for Quarter
Tuesday September 12, 6:00 am ET
* Total sales increase 41%
* 22% sequential quarterly branded product sales increase
* 406 new nursing homes and clinics start using Pro-Stat(R) in the quarter
ENGLEWOOD, N.J., Sept. 12 /PRNewswire-FirstCall/ -- Medical Nutrition USA, Inc., (MDNU.OB) today announced financial results for the quarter and six months ended July 31, 2006.
Review of Operating Results
Sales for the quarter increased approximately 41% to $2,718,900 as compared to $1,925,700 for the quarter ended July 31, 2005. The increase in sales resulted primarily from sales of branded products, which increased 62% to $2,154,500 from $1,331,500 in the comparable quarter of the prior year. Branded product sales consisted primarily of the Pro-Stat® line of hydrolyzed, liquid, modular protein. Approximately 406 additional nursing homes and clinics started using Pro-Stat® during the quarter.
Sales for the six months ended July 31, 2006 increased approximately 41% to $4,896,000 as compared to $3,473,100 for the six months ended July 31, 2005. The increase in sales resulted primarily from sales of branded products, which increased 61% to $3,925,500 from $2,442,900 in the comparable six months ended July 31, 2005 of the prior year. Branded product sales consist primarily of the Pro-Stat® line of hydrolyzed, liquid, modular protein. Approximately 744 additional nursing homes and clinics started using Pro-Stat® during the six months ended July 31, 2006.
Gross profit for the quarter increased to $1,433,300 or 52.7% of sales as compared to $991,900 or 51.5% of sales for the comparable quarter of the prior year. The increase in gross profit was primarily attributable to increased sales of branded products.
Gross profit for the six months ended July 31, 2006 increased to $2,611,100 or 53.3% of sales as compared to $1,807,400 or 52.0% of sales for the comparable six months ended July 31, 2005 of the prior year. The increase in gross profit was primarily attributable to increased sales of branded products
Selling, general and administrative expenses for the quarter increased by $436,700 to $1,284,000, or 47.2% of sales, from $847,300, or 44.0% of sales for the three months ended July 31, 2005. The increase was primarily attributable to an increase in personnel costs of $108,100 and an increase of $173,200 in non-cash, stock-based compensation, resulting from the Company's adoption of SFAS 123® on February 1, 2006. No share-based compensation cost was recorded in the comparable quarter of the prior year.
Selling, general and administrative expenses for the six months ended July 31, 2006 increased by $830,500 to $2,457,700, or 50.1% of sales, from $1,627,200, or 46.8% of sales for the six months ended July 31, 2005. The increase was primarily attributable to an increase in personnel costs of $247,800 and an increase of $355,400 in non-cash, stock-based compensation, resulting from the Company's adoption of SFAS 123® on February 1, 2006. No share-based compensation cost was recorded in the comparable period of the prior year.
Operating income for the quarter, before non-cash charges for stock-based compensation, was $322,500 as compared to $144,600 for the three months ended July 31, 2005.
Operating income for the six months ended July 31, 2006, before non-cash charges for stock-based compensation, was $508,800 as compared to $180,200 for the six months ended July 31, 2005.
Interest expense for the quarter was $1,424,300, and interest income was $67,000 as compared to $103,300 and $14,300, respectively, for the comparable quarter of the prior year. The increase in interest expense of $1,321,000 resulted primarily from an increase in non-cash amortization of debt discount associated with the Company's 2003 convertible promissory notes.
Interest expense for the six months ended July 31, 2006 was $2,657,100, and interest income was $99,300 as compared to $152,800 and $26,000, respectively, for the comparable six months ended July 31st of the prior year. The increase in interest expense of $2,504,300 resulted primarily from an increase in non-cash amortization of debt discount associated with the Company's 2003 convertible promissory notes.
Net loss for the quarter was $1,231,400 or ($0.12) per share compared to net income for the comparable prior year quarter of $55,600 or $0.02 per share. Excluding non-cash charges for stock-based compensation and amortization of debt discount, net income for the quarter would have been $327,300 or $0.03 per share.
Net loss for the six months was $2,427,800 or ($0.30) per share compared to net income for the comparable six months ended July 31, 2005 of the prior year of $52,000 or $0.02 per share. Excluding non-cash charges for stock- based compensation and amortization of debt discount, net income for the six months ended July 31, 2006 would have been $491,400 or $0.06 per share.
All but $250,000 aggregate principal amount of the Company's outstanding convertible promissory notes had been converted into common stock as of July 31, 2006. Future non-cash charges to interest expense for amortization of the debt discount associated with the remaining notes, which mature on December 4, 2006, are estimated to be $80,800 for the quarter ending October 31, 2006, and $104,700 for the quarter ending January 31, 2007. At July 31, 2006, the Company had cash and short-term investments-Treasury Bills-on hand of $6,698,600.
"We are very pleased with the continuing growth in sales of our branded products and the addition of another 406 Pro-Stat® user facilities during the quarter. Our penetration of the nursing home market has been aided by the results of clinical trial reporting a 96% greater rate of pressure ulcer healing among nursing home residents receiving standard care plus Pro-Stat®, compared to a control group receiving standard care plus a placebo, which was published in the March issue of the peer-reviewed journal Advances in Skin and Wound Care. Our recent introductions of Pro-Stat® Advanced Wound Care formula and Fiber-Stat(TM), have also contributed to increased sales. We believe our focus on achieving better clinical outcomes through evidence-based research will lead to more opportunities in the future. Our entire team is performing very well," said Frank A. Newman, chairman and chief executive officer.
Medical Nutrition USA, Inc. (http://www.pro-stat.info) develops and distributes products for the nutritionally at risk who are under medical supervision. Its products are used primarily in long-term care facilities, hospitals, dialysis clinics and bariatric clinics. The company's product lines include Pro-Stat®, Fiber-Stat(TM) and the pbs Nutritional Support System(TM), as well as private label products.
This press release contains forward-looking statements that are subject to certain risks and uncertainties. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. Risks and uncertainties that could cause or contribute to such material difference include, but are not limited to, general economic conditions, changes in customer demand, changes in trends in the nursing home, renal care, health food and bariatric surgery markets, changes in competitive pricing for products, and the impact of our competitors new product introductions. Our future financial condition and results of operations, as well as any forward- looking statements are subject to change and inherent risk and uncertainties. Other important factors that may cause actual results to differ materially from those expressed in forward-looking statements are discussed in the Company's Securities and Exchange Commission filings including its Form 10-KSB for the period ended January 31. 2006.
MEDICAL NUTRITION USA, INC.
CONSOLIDATED BALANCE SHEETS
JULY JANUARY
31, 2006 31, 2006
(Unaudited)
ASSETS
Current Assets:
Cash $3,703,900 $2,361,200
Short-term investments-
Treasury Bills 2,994,700 --
Accounts receivable, net
of allowance of $39,500
and $29,600 at July 31, 2006
and January 31, 2006,
respectively 935,300 711,500
Inventory 376,600 271,700
Other current assets 112,400 72,400
Total current assets 8,122,900 3,416,800
Fixed Assets, net of accumulated
depreciation of $170,700 and $157,400,
respectively 104,100 83,000
Other assets:
Security deposits 15,300 15,300
Investment in Organics
Corporation of America 125,000 125,000
Intangible assets, net of
amortization 258,600 260,100
$8,625,900 $3,900,200
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and
accrued expenses $845,200 $486,100
Convertible promissory notes 44,500 533,200
Accrued interest payable -- 633,200
Total current liabilities 889,700 1,652,500
Stockholders' Equity:
Common stock, $0.001 par
value; 20,000,000 shares
authorized; 13,464,832
shares issued and
outstanding at July 31,
2006 and 3,015,781 shares
issued at January 31, 2006,
respectively 13,500 3,000
Additional paid-in-capital 22,731,100 14,835,700
Accumulated deficit (15,008,400) (12,580,600)
7,736,200 2,258,100
Less: treasury stock, at cost -- (10,400)
Total stockholders' equity 7,736,200 2,247,700
$8,625,900 $3,900,200
MEDICAL NUTRITION USA, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
SIX MONTHS ENDED THREE MONTHS ENDED
JULY 31, JULY 31,
2006 2005 2006 2005
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Sales $4,896,000 $3,473,100 $2,718,900 $1,925,700
Cost of sales 2,284,900 1,665,700 1,285,600 933,800
Gross profit 2,611,100 1,807,400 1,433,300 991,900
Selling, general and
administrative expenses 2,457,700 1,627,200 1,284,000 847,300
Operating income 153,400 180,200 149,300 144,600
Other income (expense):
Interest income 99,300 26,000 67,000 14,300
Interest expense (2,657,100) (152,800) (1,424,300) (103,300)
Total other (expense) (2,557,800) (126,800) (1,357,300) (89,000)
(Loss) income before
income taxes (2,404,400) 53,400 (1,208,000) 55,600
Income tax expense (23,400) (1,400) (23,400) --
Net (loss) income $(2,427,800) $52,000 $(1,231,400) $55,600
Basic and diluted per
share data:
Net (loss) income $(0.30) $0.02 $(0.12) $0.02
Weighted average number
of shares outstanding 8,034,692 2,904,965 10,514,798 2,904,965
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Source: Medical Nutrition USA, Inc.
CHCG / CHU - China 3C Group Signs Agreement with China Unicom
Monday September 11, 5:34 pm ET
ZHEJIANG, China, Sept. 11 /PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG.OB - News), the parent company of Zhejiang Yong Xin Digital Technology Co., Ltd., today announced that the Company has signed a sales agent agreement with the Hangzhou branch of China Unicom Limited (NYSE: CHU - News).
Under the terms of the agreement, China 3C will be the sales agent for China Unicom's services and products including Unicom 130 card and Unicom 133 card.
Mr. Zhenggang Wang, Chief Executive Officer of China 3C, stated, "Our strong sales network and marketing experience in wireless communication products will enable us to provide more comprehensive services to our customers through our agreement with China Unicom. This partnership will also provide us with new business lines and increase our sales in cell phone products."
About China Unicom
China Unicom Company Limited was incorporated in July 17, 1994, with more than 300 subsidiaries and branches in 30 provinces, autonomous regions, and municipalities. With over 112 million wireless subscribers, China Unicom is the world's second largest CDMA operator, third largest GSM operator and the provider of paging, long-distance, broadband data and mobile communications services.
About China 3C Group
China 3C Group is a leading retail chain operating over 600 independent stores in Eastern China. The Company specializes in selling 3C products (communication products, information technology products, and digital products) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. The Company's goal is to become the number one retailer of 3C products in China.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slow down affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-KSB, recent and forthcoming Quarterly Reports on Form 10-QSB, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Website: http://www.China3CGroup.com
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Source: China 3C Group
NEGI - National Energy Group, Inc. Announces Letter of Intent Between Riata and AREP
Monday September 11, 5:42 pm ET
DALLAS, Sept. 11 /PRNewswire-FirstCall/ -- National Energy Group, Inc. (OTC Bulletin Board: NEGI - News; "NEG" or the "Company") today announced that it has been advised that on September 7, 2006, Riata Energy, Inc. ("Riata") and American Real Estate Partners, L.P. (NYSE: ACP - News; "AREP"), the owner of 50.01% of NEG's common stock, entered into an Exclusivity Agreement and Letter of Intent (the "Letter of Intent") pursuant to which Riata would obtain an option to acquire NEG Oil & Gas LLC ("NEG Oil & Gas"), a wholly-owned subsidiary of AREP which holds all of AREP's oil and gas investments. The Letter of Intent provides that the option and exclusivity period would expire in 70 days, subject to extension in certain circumstances. The transaction would include the acquisition by NEG Oil & Gas or NEG Holding LLC ("NEG Holding") of NEG's unconsolidated non-controlling 50% membership interest in NEG Holding through the redemption option set forth in Section 5.4 of NEG Holding's Operating Agreement dated as of May 1, 2001, or through another mechanism. The transaction would not include the acquisition of any of NEG's common stock by Riata. The transaction also contemplates that NEG's management agreements pursuant to which it manages the operations of NEG Operating LLC, National Onshore LP and National Offshore LP will be terminated. The Letter of Intent is subject to a number of conditions. NEG is not a party to the Letter of Intent.
Under NEG Holding's Operating Agreement, NEG Oil & Gas, or its successor, at any time, in its sole discretion, is permitted to redeem NEG's 50% membership interest in NEG Holding at a price equal to the fair market value of such interest determined as if NEG Holding had sold all of its assets for fair market value and liquidated. At this time, NEG has not received any such redemption notice from NEG Oil & Gas.
If the transactions contemplated by the Letter of Intent are consummated, NEG's 50% membership interest in NEG Holding is redeemed and NEG's management agreements relating to NEG Operating LLC, National Onshore LP and National Offshore LP are terminated, NEG's principal asset will consist solely of its cash balances and NEG's principal indebtedness will consist of its outstanding $148.6 million principal amount 10.75% Senior Notes due October 31, 2007.
NEG is evaluating the impact of the Letter of Intent on NEG, including on the pending Merger Agreement dated December 7, 2005 among NEG, NEG Oil & Gas and AREP.
The Company
The Company is a Dallas, Texas based management company engaged in the business of managing the exploration, development, production and operations of oil and natural gas properties, primarily located in Texas, Oklahoma, Arkansas and Louisiana (both onshore and in the Gulf of Mexico). The Company manages the oil and natural gas operations of NEG Operating LLC, National Onshore LP and National Offshore LP, all of which are affiliated entities. The Company's principal assets are its unconsolidated non-controlling 50% membership interest in NEG Holding LLC and its management agreements with NEG Operating LLC, National Onshore LP and National Offshore LP.
Forward Looking Statements
This press release may contain projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Any such projections or statements reflect the Company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ materially from those projected is included in the Company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Source: National Energy Group, Inc.
OK I understand, just where gloves and take a shower and you slap him around a bit...lol
COGC - California Oil & Gas Corp. Signs Agreement for Exploration of 2,500,000 Acres of Oil and Gas Leases in Chile
Tuesday September 12, 12:01 am ET
CALGARY, ALBERTA--(MARKET WIRE)--Sep 12, 2006 -- California Oil & Gas Corp. (OTC BB:COGC.OB - News) is pleased to announce that it has signed a Letter of Understanding with March Resources Corp. ("March") through which the Company will farm-in on an exciting exploration program on the Pica North Block in the Tamarugal Basin of Northern Chile, with an option to obtain an interest in the Pica South Block. March has received approval from the Ministry of Mining and Energy of Chile for exclusive oil and gas exploration and development rights for the two Blocks. Definitive Special Operations Contracts ("SPOC") for blocks which cover 10,000 square kms (2,500,000 acres) are currently being negotiated. The SPOC outlines the exploration and development rights on the blocks, which are valid for a period of 35 years and will detail the work commitments that are required for each of the two blocks.
COGC has committed to drilling 2 wells to casing point to earn a 50% interest in Pica North. March will contribute US$ 1 million per well, with COGC responsible for the remaining well cost to casing point. Completion and testing will be at the after earned interest. Following earning in Pica North, COGC will have an option for a cash payment of $US 2 million to earn a 50% interest in the Pica South Block. March and COGC will jointly manage the project through March Chile and are currently sourcing a drilling rig and acquiring the long lead time items for spudding the first well, anticipated before year end.
This farm-in presents California Oil & Gas the opportunity to participate in a high risk, very high reward gas exploration project in a frontier basin. A report was prepared for March by DeGolyer and MacNaughton Canada Limited (D&M), effective June 30, 2006, estimating the prospective resources of first proposed drilling location in Pica North Block. The report estimated a range of estimated-unrisked gross prospective gas resources on the initial prospect on the North block from 86 billion cubic feet (BCF) to 1.5 trillion cubic feet (TCF), with the best estimate of 655 BCF of recoverable gas. The report further estimated a geologic risk adjusted gross prospective gas resource of 94 BCF of gas for the initial well alone. The D&M Pica North report has been prepared in accordance with National Instrument 51-101 as it pertains to the evaluation of prospects and resources.
The D&M report analyses only the first of several prospects on the Pica North Block. Commercial gas reserves discovered can be marketed to a myriad of mines in the area currently relying on imported oil or potentially liquefied natural gas (LNG).
This project provides an international balance to our conventional oil opportunities in California, and the gas and gas condensate exploitation prospects in Louisiana.
Pica North and Pica South Description
The Tamarugal Basin of Northern Chile is a Jurassic age back-arc basin with strong similarities to the very prolific, Cretaceous age, Neuquen Basin of Argentina. Thick accumulations of petroliferous, black marine shales with interbedded, craton derived, sandstone reservoir beds are common in both basins. The surface of the Tamarugal Basin is the extremely arid Atacama Desert.
In the 1980's, government surface geological field studies confirmed the presence of more than 2,000 meters of black shales, with good source bed potential, inter-fingering with eastern transgressive sandstones and conglomerates. Several oil seeps and live oil occurrences were identified. Major oil companies expressed interest but preferred to evaluate developing prospects in Argentina and Peru. At that time, due to its location on the west side of the Andes, many companies still believed the Tamarugal Basin to be a fore-arc basin.
During the period from 1996 through 2001 various exploration operations were conducted. These operations included the acquisition of 430 kilometres of 120-fold seismic data, the reprocessing of 224 kilometres of 24-fold seismic data, the acquisition of 2,071 gravity stations, 2,000 kilometres of continuous magnetic survey, and the examination of 60 surface sections. Extensive satellite, geochemical, petrological, palynological, and detailed, all-inclusive computer-generated basin evaluation studies were also conducted. Approximately $US 4.1 million was spent on this initial exploration program. These data files have been made available for review.
The results of the extensive field investigations confirmed the presence of a Jurassic back-arc basin, similar to the prolific Neuquen Basin of Argentina, with over 6,000 meters of marine sandstones, oolitic limestones, and black shales with total organic carbon values as high as 6%. A series of north-south compressional folds/thrusts were mapped on the surface and in the subsurface by the most current geophysical techniques. Mapped structures are of the magnitude of 15 miles by 5 miles with greater than 2,000 feet of closure.
Three drilling locations have been selected to test and evaluate the North Pica Block. The first location incorporates the end results of four seismic line crossings, shale geochemical analyses, two years of surface stratigraphic studies, gravity and magnetic analyses, thermal studies, and detailed computer generated basin studies.
The primary structure on the North Pica Block, as presently mapped with the current geophysical control, is approximately 16 miles long and 4 miles wide, with a vertical closure of 2,500 feet. Two objective sandstone horizons, one at an estimated depth of 4,300 feet and one at an estimated top of 7,000 feet, are anticipated as a result of detailed surface stratigraphic studies. Porosities in the range of 12-19% and permeabilities up to 5 MD have been measured in the surface outcrops. As a result of high-angle reverse faulting, a repeat of the deeper sandstone could be encountered at an estimated depth of 8,470 feet. Additional sandstone reservoirs are anticipated to a depth of 12,800 feet. All of the Jurassic black marine shales which are in excess of a 16,000 feet thick are estimated to have been in the hydrocarbon generating window since the end of Jurassic time.
The Company continues to evaluate other farm-in and acquisition opportunities for late stage exploration and early stage development projects in California, Louisiana and internationally.
On behalf of the Board
John G. F. McLeod, President
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that March Resources Corp. will sign the Special Operations Contracts ("SPOC") for the Pica North and Pica South Blocks in Northern Chile, and that a drilling rig and equipment can be obtained to complete the required work program in the time allotted in the SPOC's. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.
Contact:
Contacts:
California Oil & Gas Corp.
John G.F. McLeod
President
(403) 261-1965
info@caloilandgascorp.com
California Oil & Gas Corp.
Ryan Mulhearn
Investor Relations
(604) 733-2886 or North America Toll Free: 1-866-733-2814
caloandg@telus.net
http://www.caloilandgas.com
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Source: California Oil & Gas Corp.
CGWVF - CGW Acquires Additional Claims at Dolly Varden Extending Mineralization to 6,000 Feet
Tuesday September 12, 3:05 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 12, 2006 -- CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW.V - News)(Other OTC:CGWVF.PK - News)(FWB: OUH) ("Gold Win") reports it has acquired 14 more claims to the north and south of it's Dolly Varden Claims in Nevada extending the existing mineralized geology for a total of 6,000 feet.
In conjunction with the completed geological mapping and ongoing rock sampling on the property four additional claims abutting the main property to the northeast and ten additional claims to the immediate south were 50% acquired by option from Rainbird Resources of Las Vegas Nevada. Consideration of $50,000 and 1 million shares was paid with a $500,000 work program over 3 years subject to regulatory approval.
The extending of the existing mineralized geology for another 3000 feet to the south and the increase in base metals (lead and zinc) is consistent with that of the zoning of mineralization associated with classic eastern Great Basin district deposit of base and precious metals intruded by Cretaceous auriferous magmas (gold, molybdenum and silver) to the east and west of the Dolly Varden property.
Both properties have been acquired to cover the extension of the 3000 foot long Induced Polarization (IP) anomaly identified earlier this year. Grab samples taken at the south end of this new claim group have revealed silver, lead, zinc and gold values.
Laurence Stephenson, P.Eng, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.
Listen to Laurence Stephenson, P.Eng discuss this and other CGW properties by following link below.
http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=V.CGW&edition=Aug2004
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company with interests in the North West Territories - Drybones Diamond properties, Nevada - South Dolly Varden Silver/Gold/Copper claims, British Columbia - Yeti Gold claims, Quebec - Raglan Platinum group metals claims.
The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements. The risks and uncertainties include those described in the Company's periodic filings on SEDAR.
We seek Safe Harbor
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Contact:
Contacts:
Consolidated Gold Win Ventures Inc.
Blair Naughty
(604) 541-9101
Consolidated Gold Win Ventures Inc.
Abby Farrage
(604) 671-4718
Consolidated Gold Win Ventures Inc.
Souhail 'Abby' Abi-Farrage
(604) 671-4718
moreinfo@v-cgw.com
http://www.v-cgw.com
--------------------------------------------------------------------------------
Source: Consolidated Gold Win Ventures Inc.
VDSI - VASCO Launches Fraud Detection & Analysis Services
Tuesday September 12, 4:11 am ET
VASCO Broadens Offerings With Anti-Fraud Services; New VASCO Club Offering Aims at Financial Institutions and E-Commerce Companies; More Modules by VASCO and Trusted Partners to Be Added Shortly
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, Sept. 12 /PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. ( http://www.vasco.com ) (Nasdaq: VDSI - News), the global number one vendor of strong user authentication and e-signature products, today announced that it has launched its Fraud Detection & Analysis Module. With this new product offering, VASCO enters the world of anti-fraud services, including the detection and analysis and neutralizing of fraud schemes such as Phishing, Pharming, Man-in-the-Middle attacks and Trojan Horses.
VASCO's Fraud Detection & Analysis Services consists of five modules:
1. Initial assessment and web analysis (DNS (Dynamic Name Server),
Historic Trojans, Historic Phishing)/Web site analysis for
optimization/risk reduction;
2. Internet Surveillance (Domain Names, Spam, Alerts);
3. Log file watching and analysis (web server, mails);
4. Trojan Horse/malware analysis (functional problem description,
possible solutions);
5. Info services (statistics, trainings, tips and tricks).
With the introduction of the Fraud Detection & Analysis Module, VASCO broadens its offerings towards existing and new customers in the financial sector and the e-commerce world. The module will be marketed directly by VASCO in conjunction with its existing Digipass and VACMAN Controller hard- and software strong authentication product lines. VASCO's Fraud Detection and Analysis Module will be available to existing and new customers through VASCO's Trust Club.
VASCO's Trust Club is a Digipass secured site on which the members, VASCO's banking customers, can exchange leadership experiences in the field of strong authentication. In addition, new future-oriented technologies, such as VASCO's Fraud Detection and Analysis module, are presented to the Trust Club Members. Those technologies can be developed by VASCO or by Trusted VASCO Partners.
"With VASCO's Fraud Detection and Analysis Services, we take a new important step in our efforts to be the Full Option, All-Terrain Authentication Company," said Jan Valcke, VASCO's President and COO. "We expect that additional modules will be added to the VASCO Trust Club very soon. Some of these modules will be developed by VASCO, others will be delivered by VASCO's Trusted Partners, vendors who fit their solutions into the Identikey(TM) concept. We invite additional third party vendors to add products to VASCO's Trust Club."
About VASCO: VASCO designs, develops, markets and supports patented user authentication products for financial world, remote access, e-business and e- commerce. VASCO's user authentication software is delivered via its Digipass hardware and software security products. With approx. 25 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 500 international financial institutions and approximately 3,000 blue-chip corporations and governments located in more than 100 countries.
Forward-Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.
For more information contact:
Jochem Binst, +32 2 456 9810, jbinst@vasco.com
--------------------------------------------------------------------------------
Source: VASCO Data Security International, Inc.
QTII - QuadTech Subsidiary MRID Technologies Files Patent Application for iMPak On-Location Monitoring System
Tuesday September 12, 5:00 am ET
VANCOUVER, BC--(MARKET WIRE)--Sep 12, 2006 -- QuadTech International, Inc. (OTC BB:QTII.OB - News) (Frankfurt:QI9.F - News), an asset monitoring technology solutions company, announced today that its wholly owned subsidiary MRID Technologies has filed a U.S. patent application for the company's iMPak on-location human asset monitoring technology. Short for "intelligent mobile pack," iMPak is a wireless, two-way, data/voice communication system embedded in a 5" X 5" X 5/8" package that allows the device to transmit location, vital sign and other critical data immediately and effortlessly to a central control room or handheld device.
Acquired by QuadTech through the company's recent purchase of MRID Technologies ("MTech"), the iMPak system can be used to monitor workers utilizing state-of-the-art wireless connectivity to determine the location and condition of each person. Because it continues to transmit data during power interruptions, iMPak can be deployed in even the harshest, most hazardous work environments.
"iMPak will be ideal for individuals in high-risk occupations and can be a life-saving tool in emergency situations," said QuadTech CEO John Meier. "iMPak fits easily into a work vest or uniform, and is capable of reading the wearer's heart rate, respiratory rate, body temperature, and even his or her state of consciousness, as well as location -- all without any attachments to the body."
"Most importantly, the ultra-wide band utilized by iMPak devices is completely safe; in fact, the average mobile phone uses 1,000 times more power than an iMPak device," added Tony Hines, CTO of MTech and an international award-winning engineer.
iMPak is the portable, wearable component in MTech's patent-pending Multiple Range Identification ("MRID") asset tracking system, the next generation in Radio Frequency Identification ("RFID").
First developed in the early 1970s, RFID technology uses radio frequency waves to determine simply if an object is or is not present. Consequently, current RFID systems do not allow users to pinpoint the location of tagged items. Nevertheless, Datamonitor predicts that RFID will be a US$6.1 billion industry by 2010 -- triple what it was in 2005 -- with overall RFID industry revenues projected to exceed US$1 trillion also by 2010.
MTech's other innovative component is the MRID system that transmits multiple radio frequency codes, which offers the added functionality of determining direction and proximity of the tagged item or person in relation to the reader receiving its signal. As a result, an MRID receiver is able to accurately determine the location of a tagged item, making the new MRID systems invaluable in emergency situations or for organizations with large numbers of mobile assets to protect.
About QuadTech International, Inc.
QuadTech International, Inc. is the parent company of MRID Technologies, provider of a full line of mobile asset tracking solutions using RFID. QuadTech also develops partnerships and/or acquires control in high-growth, small to medium-sized companies and solutions that support its technology-driven business focus. For more information, please visit www.quadtechint.com.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect QuadTech International, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
Contact:
Contact:
Panascope Capital
818-882-7722
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Source: QuadTech International, Inc.
Well Chu as to your pal of little integrity and
not a clue to the sense of community, I say
PS: just ingnore him, don't lower yourself down
to his gutter.
It is just a burger, put it on the grill and make sure to flip before it gets well done.
It is just a burger, put it on the grill and make sure to flip before it gets well done.
It is just a burger, put it on the grill and make sure to flip before it gets well done.
Some stocks with news before the bell,
UCSY, MRGE, FTRS, CHDT, MECA, WNMI, IXOG, WEBM, GRGR, PHST, TLPE, PDSC, DMGI, MAGS, ETC, EMED, PCOP, GOKN, BSKO, BUERF, CHTR, SMAS, HISC, ONT, NLCI, ECPL
Agree lowman, that was low, you fail to
understand what makes this a great nation.
It is our ability to allow all thoughts on
religious beliefs. and yet you try to categorise
all Muslim as terrorists. you should
be ashamed.
CBAI - Cord Blood America CEO Matthew Schissler, in Internet Interview, Says Company Posted Record Revenues; Seeking Acquisition Opportunities in Stem Cell Storage
Monday September 11, 5:00 am ET
LOS ANGELES, Sept. 11 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (OTC CBAI - Bulletin Board: News) Chairman and CEO Matthew L. Schissler in an interview with EquityGroups.com (http://www.equitygroups.com) said that the Company recently posted record revenues, topping $1 million for a quarter, and said it is looking for possible strategic mergers and acquisitions. Cord Blood America is the umbilical cord blood stem cell preservation company, focused on bringing the life saving potential of stem cells to families nationwide.
The entire interview is available at
http://www.equitygroups.com/audioint/cbai/cbai30aug06.wmv .
Mr. Schissler in the interview provides background on the Company, why it is important for parents to consider storage of umbilical cord blood stem cells, financial highlights from the most recent quarter, and information on Cord Blood America's unique payment plans that allow families without significant disposable income at the time of birth to still store umbilical cord blood. This payment plan has opened up a new demographic for our Company and plays a key role in our significant revenue growth, Mr. Schissler said.
About Cord Blood America
Cord Blood America (OTC Bulletin Board: CBAI - News) is the parent company of Cord Partners, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc. (OTC Bulletin Board: CBAI - News), visit our website at www.cordpartners.com. For investor information, visit www.cordblood-america.com.
Forward-Looking Statements
Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The company's past performance is not necessarily indicative of its future performance. The company does not undertake, and the company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
CONTACT:
Paul Knopick
E & E Communications
949/707-5365
pknopick@eandecommunications.com
--------------------------------------------------------------------------------
Source: Cord Blood America, Inc.
ADL - AMDL Stockholders Approve Acquisition of Jade Pharmaceuticals at Stockholders' Meeting
Monday September 11, 5:00 am ET
TUSTIN, Calif., Sept. 11 /PRNewswire-FirstCall/ -- AMDL, Inc. (Amex: ADL - News), developer and marketer of tests for the early detection of cancer and other serious diseases, announced today that at the stockholders' meeting held September 8th, the stockholders approved all of the matters set forth in the Proxy Statement dated July 14, 2006, including the acquisition of Jade Pharmaceuticals Inc. (JPI) and its two wholly owned People's Republic of China-based subsidiaries. The stockholders also approved a number of other proposals increasing the authorized capital stock and approving a reverse split of the outstanding shares.
JPI's business activities in China provide AMDL access to the fastest growing pharmaceutical market in the world and an ideal platform to introduce AMDL's DR-70® cancer test kits and Combination Immunogene Therapy technology. "We are delighted that the stockholders have overwhelmingly approved the acquisition of JPI and the other matters set forth in the proxy statement. Upon the closing, we will begin implementing the combined business strategy that encompasses the new vision for a U.S. and Asia-Pacific based company," said Gary Dreher, AMDL CEO. Henry Jia, JPI's Director-nominee and Secretary, stated "the completion of this transaction provides a unique opportunity to greatly build on JPI's existing business and creates a strong platform for expansion into the Chinese and Asia-Pacific markets."
JPI recently announced that it has obtained China State Food and Drug Administration approval for their drug Ondansetron® (Ondansetron Hydrochloride Injection) for immediate use in hospitals and clinics in the People's Republic of China. Ondansetron® is highly effective in preventing the emesis and nausea caused by cancer treatments such as radiotherapy and chemotherapy. The new drug works with a patient's dopamine receptors to ameliorate the adverse side effects of radiation and chemotherapies providing better patient comfort, improved recovery times, and accelerated treatment cycles.
The global market for drugs to combat chemotherapy-induced nausea and vomiting exceeds $2 billion, according to a study by the Multinational Association of Supportive Care in Cancer. If not prevented, this nausea afflicts 85 percent of cancer patients undergoing chemotherapy and can result in a delay or discontinuation of treatment.
JPI has also agreed to cooperate with the gene therapy research team of the Academy of China Military and Medical Sciences (ACMMS). This collaboration will gain powerful support for AMDL's Combination Immunogene Therapy product development in China including clinical trials and a path hopefully leading to Chinese regulatory approval for use in that nation. JPI has also entered into a research and development agreement with New Way Pharmaceuticals of Haikou, Hainan Province, China. New Way will provide use of their research facilities free of charge and the Provincial government has committed to provide land and grants to build a manufacturing base for gene therapy products.
The closing of the acquisition is expected to occur on September 28, 2006, concurrently on the effective date of the proposed reverse stock split. At the same time as the closing of the JPI acquisition occurs, all outstanding shares of AMDL Common Stock will be reverse split on a basis to be announced later, but on a no less than one-for-three and no more than a one-for-ten basis, effective 12:01 EDT on September 28, 2006. AMDL's stock will begin trading on the American Stock Exchange on a split-adjusted basis on September 28, 2006. The reverse split, assuming the concurrent closing of the acquisition of JPI, will allow AMDL to become in compliance with AMEX's listing standards.
The exercise or conversion price, as well as the number of shares that can be issued, under the Company's outstanding stock options, warrants and convertible securities, will be proportionately adjusted to reflect the reverse stock split. The number of shares reserved for issuance under AMDL's equity compensation plans will also be reduced proportionately.
No scrip or fractional share certificates of common stock will be issued in connection with the proposed reverse stock split. Stockholders of record holding a number of shares not evenly divisible by the exact number of shares used in the reverse split formula who would otherwise receive a fractional share of common stock will receive one share of common stock in lieu of each fractional share resulting from the proposed reverse stock split. The stockholders of AMDL are not being asked to exchange the certificates for their existing shares of common stock for certificates for shares of post-reverse split common stock, however they are entitled to do so if they wish.
About AMDL
AMDL, Inc. (Amex: ADL - News), headquartered in Tustin, California, is a theranostics company, involved in the detection and treatment of the same disease, cancer. AMDL is the inventor, developer and worldwide marketer through exclusive distribution agreements of the DR-70® non-invasive cancer blood test, which has demonstrated its ability to detect the presence in humans of up to 13 cancers 84 percent of the time overall. In a study published in the Journal of Immunoassay (1998, vol. 19, pp 63-72) DR-70® was shown to detect at least 13 different types of cancer (lung, breast, stomach, liver, colon, rectal, ovarian, esophageal, cervical, trophoblastic, thyroid, malignant lymphoma, pancreatic) although the sample size for 9 of the cancers was not statistically significant. Clinical trials of DR-70® have been conducted in Canada, China, Germany, Taiwan and Turkey. DR-70® can detect many kinds of cancer using a single tube of blood, eliminating the need for costly, multiple tests. AMDL also owns a combination immunogene therapy technology that is a possible treatment for those already diagnosed with cancer and could eventually be used as a vaccine to protect patients known to be at risk because of a family history for certain types of cancer. The combination therapy both builds the body's immune system and destroys cancer cells. More information about AMDL and its additional products can be obtained at www.amdl.com.
Forward-Looking Statements
The Company intends that the statements in this press release that are not historical constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21 of the Securities Exchange Act of 1934, as amended and are subject to numerous risks and uncertainties, including the risks (i) that the transaction described may not be completed when expected, or at all, (ii) the risk that the terms of the definitive acquisition agreements may materially differ from that disclosed herein, (iii) the risks related to the inability to obtain or meet conditions imposed for, governmental and other approvals of the transaction, including the approval by the stockholders of AMDL, (iv) risks related to the uncertainty surrounding the transaction and transactions of this type and (v) the costs related thereto. In addition, these forward-looking statements are subject to the other risks of AMDL's business, including, but not limited to, (a) AMDL's failure to complete successfully the development of new or enhanced products, (b) AMDL's future capital needs, (c) the lack of market demand for any new or enhanced products that AMDL may develop, (d) the lack of market acceptance of AMDL's products and its limited revenues to date, (e) the success of competitive products, other economic factors affecting AMDL and its markets, and (f) other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release in the event of new circumstances or unanticipated events that may occur in the future.
Contact: AMDL, Inc.
Gary L. Dreher
President & CEO
(714) 505-4460
--------------------------------------------------------------------------------
Source: AMDL, Inc.
HED - Head NV Announces Record and Payment Date for Capital Repayment
Monday September 11, 3:15 am ET
AMSTERDAM, Netherlands, Sept. 11, 2006 (PRIMEZONE) -- Head NV (NYSE:HED - News) (VSX:HEAD), a leading global manufacturer and marketer of sports equipment, announces record and payment date for capital repayment
According to the resolution approved at the last Annual General Meeting of Shareholders of Head NV on May 24th, 2006, the Company amended the Articles of Association to firstly increase the nominal value of the shares from Euro 0.20 to Euro 0.45 and to subsequently reduce the nominal value of the shares from Euro 0.45 to Euro 0.20 and as a consequence will make a payment of Euro 0.25 per share to its shareholders.
The capital repayment is payable to Shareholders on record as of September 20th, 2006. The euro payment date will be September 25th, 2006. The ex-date for the Head NV shares will be September 18th, 2006.
About Head
Head NV is a leading global manufacturer and marketer of premium sports equipment. Head NV's ordinary shares are listed on the New York Stock Exchange (``HED'') and the Vienna Stock Exchange (``HEAD'').
Our business is organized into four divisions: Winter Sports, Racquet Sports, Diving and Licensing. We sell products under the Head (tennis, squash and racquetball racquets, alpine skis and ski boots, snowboards, bindings and boots and tennis balls), Penn (tennis and racquetball balls), Tyrolia (ski bindings), and Mares/Dacor (diving equipment) brands.
We hold leading positions in all of our product markets and our products are endorsed by some of the world's top athletes including Andre Agassi, Andy Murray, Svetlana Kuznetzova, Bode Miller, Johann Grugger, Marco Buchel and Maria Riesch.
For more information, please visit our website: http://www.head.com
Contact:
Head NV
Investor Relations
Vicki Booth
+44 207 499 7800
Fax: +44 207 491 7725
headinvestors@aol.com
Ralf Bernhart, Chief Financial Officer
+43 1 70 179 354
Fax: +43 1 707 8940
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Source: Head N.V.
Konigsberg Corporation Completes Property Payments
Monday September 11, 2:45 am ET
RICHMOND HILL, ON--(MARKET WIRE)--Sep 11, 2006 -- Konigsberg Corporation (OTC BB:KGBC.OB - News) ("Konigsberg" or the "Company") is pleased to announce that the company has completed property payments to Sydney Resource Corp with regard to the 50/50 JV in the Yoquivo Au-Ag property located in Chihuahua State, Mexico ("Yoquivo Au-Ag Property").
Konigsberg's Chief Executive Officer, Adam Cegielski, said, "We are pleased to inform our shareholders that the company has forwarded US $385,000 and 500,000 shares of Konigsberg Corporation to Sydney Resource Corp., our JV partner on the Yoquivo Au-Ag Property. Of the US $385,000, $200,000 are direct property payments to Sydney, and $185,000 are funds used for the current 2006 Exploration Program." The remaining 500,000 restricted shares are being delivered to Sydney this week.
Under the terms of the Definitive Agreement, Konigsberg has the right to participate with Sydney and purchase a 50% interest in a joint venture company, which will explore the Yoquivo Property, by paying Sydney, an aggregate of 1,000,000 restricted shares of Konigsberg's common stock and $200,000 in cash, within 90 days of entering into a definitive agreement, as well as agreeing to undertake cumulative exploration expenditures on the Yoquivo Property totalling $1,000,000 over a 24-month period following the parties entry into a definitive agreement.
The Agreement also provides that Konigsberg may, subsequent to the exercise of the 50% option in the joint venture, receive an additional 25% interest in the joint venture, by paying an additional $250,000 in cash, issuing Sydney an additional 1,000,000 shares of Konigsberg's common stock and complete an additional $1,500,000 in exploration expenditures under an additional 24 month period, subject to the right of Sydney to buy back the 25% interest, and the further right of Konigsberg to extinguish Sydney's buy back right by issuing Sydney an additional 1,000,000 shares of Konigsberg's common stock.
The company would also like to inform shareholders that the corporate head office has moved to Richmond Hill from Oakville, Ontario. The new mailing address is 70 East Beaver Creek Road, Unit 30, Richmond Hill, Ontario, L4B 3B2.
ABOUT THE COMPANY
Konigsberg's corporate website can be found at www.KonigsbergCorp.com. Details of the Yoquivo Au-Ag Property can be found under the Projects section of the website. A detailed PowerPoint presentation is also available on the company home page under the Quick Link section. Shareholders are advised to sign up to the company e-mail distribution list in order to stay up to date with company developments.
Konigsberg Corporation ("Konigsberg") (OTC BB:KGBC.OB - News) is a mineral exploration company focused on Gold-Silver exploration in the Sierra Madre Occidental Gold-Silver Province of Mexico. The Sierra Madre Occidental Gold Province is the primary gold/silver trend in Mexico. Konigsberg has entered into a 50/50 joint venture with Sydney Resource Corp. on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.
Forward-Looking Statements:
Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Konigsberg Corporation has little or no control.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Contact:
Adam Cegielski
President
Tel: +1 905 330 1189
--------------------------------------------------------------------------------
Source: Konigsberg Corporation
KGBC - Konigsberg Corporation Completes Property Payments
Monday September 11, 2:45 am ET
RICHMOND HILL, ON--(MARKET WIRE)--Sep 11, 2006 -- Konigsberg Corporation (OTC BB:KGBC.OB - News) ("Konigsberg" or the "Company") is pleased to announce that the company has completed property payments to Sydney Resource Corp with regard to the 50/50 JV in the Yoquivo Au-Ag property located in Chihuahua State, Mexico ("Yoquivo Au-Ag Property").
Konigsberg's Chief Executive Officer, Adam Cegielski, said, "We are pleased to inform our shareholders that the company has forwarded US $385,000 and 500,000 shares of Konigsberg Corporation to Sydney Resource Corp., our JV partner on the Yoquivo Au-Ag Property. Of the US $385,000, $200,000 are direct property payments to Sydney, and $185,000 are funds used for the current 2006 Exploration Program." The remaining 500,000 restricted shares are being delivered to Sydney this week.
Under the terms of the Definitive Agreement, Konigsberg has the right to participate with Sydney and purchase a 50% interest in a joint venture company, which will explore the Yoquivo Property, by paying Sydney, an aggregate of 1,000,000 restricted shares of Konigsberg's common stock and $200,000 in cash, within 90 days of entering into a definitive agreement, as well as agreeing to undertake cumulative exploration expenditures on the Yoquivo Property totalling $1,000,000 over a 24-month period following the parties entry into a definitive agreement.
The Agreement also provides that Konigsberg may, subsequent to the exercise of the 50% option in the joint venture, receive an additional 25% interest in the joint venture, by paying an additional $250,000 in cash, issuing Sydney an additional 1,000,000 shares of Konigsberg's common stock and complete an additional $1,500,000 in exploration expenditures under an additional 24 month period, subject to the right of Sydney to buy back the 25% interest, and the further right of Konigsberg to extinguish Sydney's buy back right by issuing Sydney an additional 1,000,000 shares of Konigsberg's common stock.
The company would also like to inform shareholders that the corporate head office has moved to Richmond Hill from Oakville, Ontario. The new mailing address is 70 East Beaver Creek Road, Unit 30, Richmond Hill, Ontario, L4B 3B2.
ABOUT THE COMPANY
Konigsberg's corporate website can be found at www.KonigsbergCorp.com. Details of the Yoquivo Au-Ag Property can be found under the Projects section of the website. A detailed PowerPoint presentation is also available on the company home page under the Quick Link section. Shareholders are advised to sign up to the company e-mail distribution list in order to stay up to date with company developments.
Konigsberg Corporation ("Konigsberg") (OTC BB:KGBC.OB - News) is a mineral exploration company focused on Gold-Silver exploration in the Sierra Madre Occidental Gold-Silver Province of Mexico. The Sierra Madre Occidental Gold Province is the primary gold/silver trend in Mexico. Konigsberg has entered into a 50/50 joint venture with Sydney Resource Corp. on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.
Forward-Looking Statements:
Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Konigsberg Corporation has little or no control.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Contact:
Adam Cegielski
President
Tel: +1 905 330 1189
--------------------------------------------------------------------------------
Source: Konigsberg Corporation