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Cloud Centric Systems, Inc. Signs Silvertec Limited in United Kingdom
Cloud Centric Systems, Inc. Signs Silvertec Limited in United Kingdom
CLDR Making Headway in UK With IT Managed Services Provider
Oct. 27, 2010 (GlobeNewswire) --
LONDON, Oct. 27, 2010 (GLOBE NEWSWIRE) -- Cloud Centric Systems, Inc. (Pink Sheets:CLDR) CEO David Lovatt announces today that the company's newly signed Business Development Director, Paul Preston, has secured a contract with a new customer, Silvertec (http://www.silvertec.co.uk), a technology solutions provider who deliver managed IT services with a focus on business efficiency and productivity.
"When Paul Preston was brought onto the team, we knew we were signed up for success," states Cloud Centric Systems CEO David Lovatt. "In less than one month with our company, he has already executed working agreements with two solid clients and is currently in discussion with an additional business. Silvertec is a promising commitment for Cloud Centric that allows us to apply our IP solutions with its client base throughout the UK."
Preston states, "Silvertec, a highly rated company with extensive IT management, has a great future ahead. We look forward to implementing our technology in line with their long-term strategies to further position both companies for success."
Preston continues, "We feel this clearly demonstrates quality and professionalism with potential for exponential increase in business, which will reflect directly toward additional business for Cloud Centric."
About Cloud Centric Systems: Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries.
For more information, please visit: www.cloudcentricsystems.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Release drafted by NMR, LLC
CONTACT: Cloud Centric Systems, Inc.
Investor Relations
+44 24 7643 0470 (UK)
Source: Globe Newswire (October 27, 2010 - 10:15 AM EDT)
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Golden Hope Announces Exploration and Field Update
Golden Hope Announces Exploration and Field Update
TORONTO, ONTARIO, Oct. 27, 2010 (Marketwire) -- Golden Hope (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce its latest exploration and field update on the Bellechasse-Timmins Gold deposit in south eastern Quebec.
-- 2010 Drill Campaign: 12, 275 metres drilled in 51 holes -- Fall 2010 Bulk Sample Program: Announced October 21 on 3 of 4 zones -- Land and facility acquired to expand capacity and consolidate exploration office, processing facility and core shack
2010 Diamond Drill Program
The company's 2010 diamond drill campaign at Bellechasse-Timmins began on April 13, 2010. As of Tuesday, October 26, it has completed approximately 12, 275 meters of drilling in 51 holes. Of these 51 holes, 11 holes were completed since September 28, when the company last provided an exploration update. The company is currently at drill hole BD2010-141.
48 holes have been drilled in the immediate area of the Bellechasse-Timmins deposit, which include holes BD2010-93 through BD2010-140.
Hole BD2010-138 was drilled to the north east of the Ascot/Road zone, the site of a large geochemical anomaly reported earlier this year.
11 of the 48 holes were drilled in the area of the 88 Diorite, which includes the Snow White zone.
The company has yet to report assay results for 21 of the 48 holes drilled in the immediate area of the Bellechasse-Timmins Gold deposit. These results will be reported as soon as the geological team receives, compiles and interprets the results.
3 holes were drilled at the Beland 2009 Anomaly 6.2 km south of the Bellechasse-Timmins Deposit, which include holes BB2010-01 to BB2010-03.
Mineralization at the Bellechasse-Timmins Deposit has been followed for 825 metres along strike and 650 metres across strike, and is open both to the northeast and to the southwest, as well as to depth.
Fall 2010 Bulk Sample Program
On October 21, 2010 Golden Hope announced that it had begun a large scale bulk sampling program on its wholly owned Bellechasse-Timmins Gold Deposit. The Bellechasse-Timmins Gold Deposit currently consists of the T1 Zone, the T2 Zones, the Ascot/Road Zone and the 88 Zones.
The Bellechasse-Timmins deposit is a 'nuggety' type deposit as a result of the primary distribution of gold in the mineralized zones. Diamond drill core cannot provide large enough samples on which to base an accurate estimate of average grade. As demonstrated by the 2009/2010 bulk sample at T1, the approximately 3 g/t average results were considerably higher than the 1.5 to 2g/t results of assaying diamond drill cores. The company believes that this is characteristic of the mineralized zones at Bellechasse-Timmins as well as elsewhere in the Bellechasse Belt.
The current extensive bulk sampling program focuses on three of the four zones at Bellechasse-Timmins; the Ascot/Road Zone, the T1 Zone and the 88 zones. The objective of the bulk sampling program is to further determine and confirm the average grade of these deposits at surface.
The company undertook to trench and bulk sample two sections of the Ascot/Road zone, which were exposed at surface. Bulk sampling those areas would provide the company with valuable information with respect to true grade potential. The company is pleased to report that it has already completed the trenching, blasting and initial crushing at the Ascot/Road Zone. The samples have been sent to company's facility in St Magloire for further processing at which point samples will then be sent to Activation Labs in Ancaster, Ontario for assaying.
The T1 zone is currently Golden Hope's most defined zone. The mineralized area at surface is approximately 4,000m2. It has the potential for about 12 million tonnes to a depth of 1000 metres. It has recently been drilled to a depth of 700m. Recent geochemical data also suggests that the T1 Zone has possible significant extensions to the southwest.
As demonstrated by the approximately 710 tonne 2009/2010 bulk sample at T1, the approximately 3 g/t average results were considerably higher than the approximate 1.5g to 2 g/t results from diamond drilling.
At that time, the company was unable to complete a thorough bulk sample program of the entire area due to financial and technical constraints. The current program will allow the company to extend the bulk sample across the entire area in a more comprehensive manner and provide detailed information with respect to a truly representative average grade at surface across the currently known zone at T1.
The company is pleased to report that it has already completed the trenching, blasting and initial crushing at the T1 zone. The samples have been sent to company's facility in St Magloire for further processing at which point samples will then be sent to Activation Labs for assaying.
On September 22, 2010 the company released diamond drill results for a new, previously undefined package of quartz-filled breccias referred to internally as the 'Snow White Zone'. Significant intersections from those drill holes included 4 meters of 1.44 g/t and 34 meters of 3.68 g/t. The zone lies 300 metres southeast of the T1 Zone.
Drill hole (BD2010-127) intersected the 88 diorite at approximately 70m and continued in diorite with quartz-bearing sections to 434 meters. Visible gold was present at 385.7 meters or 320 meters vertical depth.
The company has stripped, washed and mapped much of the 88 diorite. The exposure measures approximately 60 metres by 290 metres. Bulk sampling trenches across the mineralized zones have been laid out for blasting.
The company is pleased to report that work has already begun on the 88 diorite.
"The fall 2010 bulk sample program is going very smoothly and efficiently. The entire GNH team and support crew is benefitting from the experience gained in last fall's bulk sample program. Every aspect of the current program has seen gains in efficiency as well as gains in the quality of the samples that we are generating so far" states Frank Candido, President, Golden Hope Mines Limited.
The company will prepare a map of the trenches as well as provide further detail of the material processed for bulk sampling once it becomes available.
The company is also pleased to report that is has acquired a parcel of land with an existing building on site in Ste Justine, Quebec for the purposes of constructing a consolidated exploration office, processing facility and core shack. The company's exploration program has currently exceeded the capacity of the existing exploration office in Ste Justine and the core shack in St Magloire. By consolidating these two locations in the town of Ste Justine, the company expects to increase productivity, expand capacity, and ultimately save money from no longer having to pay rent.
James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.
About Golden Hope Mines Limited:
Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The company's focus is in the Bellechasse/Beauce Region of Quebec, Canada. The Bellechasse gold project in Quebec includes the Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic environment targets and a number of recently claimed ultra basic/serpentine bodies. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.
Forward-Looking Information:
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities, the size and use of proceeds of the Offering and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. Factors could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the company, investors should review registered filings at www.sedar.com.
Golden Hope Mines Limited President, Director 514-750-8218 416-864-0175 (FAX) fcandido@goldenhopemines.com or info@goldenhopemines.com www.goldenhopemines.com Paradox Public Relations 1-866-460-0408
Source: Marketwire Canada (October 27, 2010 - 10:00 AM EDT)
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Great Western Minerals Group Names Appointee to Rare Earth Extraction Co. Ltd. Board of Directors
Great Western Minerals Group Names Appointee to Rare Earth Extraction Co. Ltd. Board of Directors
Oct. 27, 2010 (Marketwire) --
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 10/27/10 -- Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE: GWG) (OTCQX: GWMGF) announces the appointment of its representative, Mohamed Madhi, to the Board of Directors of Rare Earth Extraction Co. Ltd. ("Rareco").
Mohamed Madhi, a member of the GWMG Advisory Board and an integral part of GWMG's international team of Rare Earths experts, has been appointed to the Rareco Board of Directors at the request of GWMG.
Mr. Madhi has been Chairman of Areva South Africa and the Chief Executive of Safika Resources, a South African company focused on mineral exploration and mining. Mr. Madhi has also held executive positions at the Council for Scientific and Industrial Research, the largest research organization in Africa, at Eskom, the largest electricity utility in Africa, and at Harmony Gold, one of the world's largest gold mining companies.
"Having GWMG represented by someone with Mohamed Madhi's experience in the African resource sector means that our company's interests and our shareholders' interests will be advanced at the highest level," said GWMG President and Chief Executive Officer Jim Engdahl. "Mr. Madhi's appointment to the Rareco Board of Directors is another significant step forward in the execution of our corporate strategy of becoming a fully integrated Rare Earths producer."
"In addition to serving on the Rareco Board of Directors on behalf of GWMG, Mr. Madhi has agreed to commit additional time and provide oversight in the advancement of GWMG's interests on the Steenkampskraal project," added Mr. Engdahl. "This level of involvement should serve to underscore GWMG's focus on the timely execution of its full integration strategy."
Jim Engdahl, President and CEO
Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG has signed an Off-take Agreement for 100% of the Rare Earth Elements produced at the former producing Steenkampskraal mine in South Africa and holds 20.8% ownership in Rare Earth Extraction Co. Ltd, the owner of the Steenkampskraal mine. GWMG also holds interests in seven Rare Earth exploration and development properties in North America.
Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of GWMG as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Those factors include, but are not limited to satisfaction of the conditions precedent with respect to GWMG's offtake agreement, receipt of all required approvals (including those relating to the commencement of production at the Steenkampskraal mine) and risks, uncertainties and other factors that are beyond the control of GWMG, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although GWMG believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of GWMG contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the risk factors contained in GWMG's current annual information form available at www.sedar.com.
CUSIP: 39141Y 10 3
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Great Western Minerals Group Ltd.
Dwight Percy
Manager of Investor Relations
(306) 659-4500
info@gwmg.ca
www.gwmg.ca
Great Western Minerals Group Ltd.
219 Robin Crescent
Saskatoon, SK S7L 6M8
Source: Marketwire (October 27, 2010 - 9:30 AM EDT)
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Alexis Feasibility Study Substantially Increases Snow Lake Gold Resources
Alexis Feasibility Study Substantially Increases Snow Lake Gold Resources
Oct. 27, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 10/27/10 -- ALEXIS MINERALS CORPORATION (TSX: AMC)(OTCQX: AXSMF) ("Alexis" or the "Company") is pleased to announce a substantial increase in gold Resources at the Company's Snow Lake Mine, located in Snow Lake, Manitoba. Increases in tonnage, contained ounces of gold and overall quality of the Resource occur in the two principal zones - the Main Mine and #3 Zone. Infill drilling programs in 2010 have focused on the conversion of Inferred Resources and have resulted in:
-- A 63% increase in contained gold (54,270 ounces) in Measured and
Indicated Resources in #3 Zone resulting from a 73% increase in tonnage
(287,150 tonnes); and,
-- A 30% increase in contained gold (138,839 ounces) in Measured and
Indicated Resources in the Main Mine resulting from a 70% increase in
tonnage (1,980,000 tonnes).
The Resource is presented in Table 1 and confirms that the Snow Lake Mine
hosts:
-- Measured and Indicated Resources of 5,471,000 tonnes grading 4.14 g/t Au
for 728,000 oz Au; and,
-- Inferred Resource of 2,367,000 tonnes grading 4.43 g/t Au for an
additional 336,700 oz Au.
The Snow Lake property continues to show strong upside potential for increasing resources through exploration. Resources are considered open down-dip (plunge) at the Main Mine and also at #3 Zone. Mineralization at the Boundary, Bounter and Kim zones, all located in proximity to the Mine, will require additional drilling to evaluate areas of known mineralization. Two surface drills are currently engaged in surface exploration and a third drill will be mobilized shortly.
Resources were previously estimated and reported in a Preliminary Assessment of the Deposit (see news release: March 8, 2010). Recent infill drilling during 2010 has focused on upgrading the quality of information relating to the previously estimated inferred mineral resources in these areas. The new Mineral Resource estimate incorporates the drill results and uses a revised lower cut-off grade of 1.95 g Au/t to identify the limits of mineralization. The lowering of the cut off grade (Preliminary Assessment used 3.11 g Au/t) was in response to current metal price trends.
The Resource Estimate was made in conjunction with a Feasibility Study focused on the potential for reopening of the Snow Lake Mine. Results from the Feasibility Study will be available shortly, including the parameters and methodology used, described in a NI 43-101 technical report which will be filed on www.sedar.com.
Table 1.Snow Lake Resource Estimate
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Resource
Zone Category Tonnes Grade (g/t) Ounces Au
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Main Mine Lower(1) Measured 7,000 4.76 1,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Main Mine Upper(2) Indicated 3,748,000 3.57 427,600
----------------------------------------------------------------------------
Main Mine Lower(1) Indicated 1,035,000 4.81 160,100
----------------------------------------------------------------------------
No. 3 Zone - Main(2) Indicated 606,000 6.44 125,600
----------------------------------------------------------------------------
No. 3 Zone -
Footwall(2) Indicated 75,000 5.69 13,700
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total Property
Measured and
Indicated Resources 5,471,000 4.14 728,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Main Mine Upper(2) Inferred 446,000 3.57 51,200
----------------------------------------------------------------------------
Main Mine Lower(1) Inferred 486,000 3.98 62,200
----------------------------------------------------------------------------
No. 3 Zone - Main(2) Inferred 139,000 6.14 27,300
----------------------------------------------------------------------------
No. 3 Zone -
Footwall(2) Inferred 290,000 4.39 40,900
----------------------------------------------------------------------------
Birch(1) Inferred 569,000 4.42 81,000
----------------------------------------------------------------------------
Squall Margaret
Upper(3) Inferred 100,000 4.87 15,600
----------------------------------------------------------------------------
Squall Margaret
Lower(3) Inferred 337,000 5.42 58,500
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total Snow Lake Mine
Property Inferred
Resources 2,367,000 4.43 336,700
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(1) NI 43-101 Technical report on the New Britannia Mine Property and Review
of the Mineral Resource Estimate, Snow Lake Manitoba by Wiliam J. Lewis, P.
Geo and Richard Gowans, P. Eng., Micon International Ltd, October 2006.Cut-
off grade 0,077 opt
(2) Numbers incorporate results of estimation completed for NI 43-101
Feasibility study, to be published on www.sedar.com.
(3) NI 43-101 Technical Report on the Squall Lake Property, The Pas Mining
Division Snow Lake Manitoba. Completed for Garson Resources Ltd. by D
Beilhartz, P. Geo., April 2006.
Lac Herbin Update
The Company advises an amended guidance for the 2010 gold production from its Lac Herbin gold mine, Val-d'Or, Quebec, now forecast to be approximately 24,000 ounces of gold. As previously reported, the Company has recently encountered grade variance as new stoping areas have been mined. Cost reduction measures are being implemented to coincide with the reduced production levels. Alexis continues to work on the challenges at the mine to produce profitable ounces of gold for the coming years.
Qualified Persons
Mineral Resource estimates for the Snow Lake Mine Property were prepared by Jamie Lavigne, P.Geo., Vice-President, Exploration with Alexis Minerals, and Qualified Person under NI 43-101 for the Resource estimate and who has reviewed the content of this press release. The technical and scientific content of this press release has been reviewed by Keith Boyle, P.Eng., Chief Operating Officer, Alexis Minerals and Qualified Person as defined under NI 43-101 guidelines.
About Alexis Minerals
Alexis Minerals Corporation is a Canadian mining company listed on the Toronto Stock Exchange (symbol "AMC") and trades in the United States on the Over the Counter QX International platform (OTCQX: AXSMF). The Company owns one producing gold mine in Val-d'Or and the right to earn a 100% interest in the Lac Pelletier gold property in Rouyn-Noranda, both in Quebec. Alexis also owns the Snow Lake Mine in Manitoba. With these assets Alexis has the potential to develop gold production forwards. Alexis is targeting mid-tier gold production levels in 2011. Alexis undertakes exploration in the mineral rich Val-d'Or (100% ownership of 212 sq. km.) and Rouyn-Noranda Mining Camps (50% ownership of 785 sq.km and in joint venture with Xstrata Copper) as well as in the Snow Lake Mining Camp (100% ownership of 50 sq. km). For more information about Alexis Minerals visit www.alexisminerals.com.
Forward-looking information.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the future financial or operating performance of Alexis and its projects, the identification of mineral reserves and resources, costs of and capital for development and mining projects, development and exploration expenditures, timing of future development, exploration and production, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company. For a description of the factors affecting forward-looking information and the basis of management estimates, please see a copy of the annual information form of the Company and the technical report relating to the feasibility study, both of which are available under the profile of the Company on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Contacts:
Alexis Minerals Corporation
David Rigg
President and CEO
(416) 861-5889
(416) 861-8165 (FAX)
info@alexisminerals.com
Alexis Minerals Corporation
Bruce Barch
VP Investor & Corporate Affairs
(416) 861-5905
bruce.barch@alexisminerals.ca
Alexis Minerals Corporation
Louis Baribeau
Relationniste
(514) 667-2304
lb@decorporateconsultants.ca
www.alexisminerals.com
Source: Marketwire (October 27, 2010 - 9:19 AM EDT)
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Alderon Intersects 28% Iron Over 691 Meters
Alderon Intersects 28% Iron Over 691 Meters
Oct. 27, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/27/10 -- Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon") is pleased to announce assay results from the ongoing drill program on the Kamistiatusset ("Kami") Iron Ore Project in western Labrador. A total of 20,520 meters (m), representing sixty drill holes completed or in progress, have been drilled on the Kami Project to date, with results received for the first 21 holes. Highlights from recently received holes include:
----------------------------------------------------------------------------
Drill Hole From (meters) To (meters) Length (meters) Total Iron %
----------------------------------------------------------------------------
K-10-42 86.9 370.0 283.1 31.4
----------------------------------------------------------------------------
including 166.0 292.0 126.0 33.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-43 10.5 173.0 162.5 32.7
----------------------------------------------------------------------------
including 86.7 173.0 86.3 35.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-44 87.0 140.6 53.6 30.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-46 13.5 704.0 690.5 28.2
----------------------------------------------------------------------------
including 13.5 189.4 175.9 29.7
----------------------------------------------------------------------------
and 281.0 490.6 209.6 29.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-47 57.6 112.7 55.1 28.0
----------------------------------------------------------------------------
253.8 603.0 349.2 27.2
----------------------------------------------------------------------------
including 253.8 318.9 65.1 30.4
----------------------------------------------------------------------------
"These results continue to demonstrate the consistency of the depth and width of the Rose Lake Zone as we progress southwest," says Matt Simpson, Chief Operating Officer of Alderon.
All drill holes to date have tested the north eastern half of the Rose Lake Zone. Complete assay highlights with drill plan maps and sections are posted on the Alderon website at: http://www.alderonmining.com/projects/kami/
True widths of the reported intercepts vary depending on the angle of the individual drill holes and are estimated to be between 15% and 53% of the core interval as reported. Samples were prepared from sawn NQ-sized half-core sections on site in Labrador. Split drill core samples are then sent to SGS Mineral Services in Lakefield, Ontario for analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and the magnetic component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program.
About Alderon
Alderon is a leading iron ore exploration and development company in Canada. The Kami Project is located within an existing iron ore district and is surrounded by producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.
Alderon's exploration work on the Kami Property is supervised by Edward Lyons, P.Geo., the Chief Geologist for Alderon and a Qualified Person as defined by NI 43-101. Mr. Lyons has verified that the assay results presented above have been accurately summarized from the official assay certificates provided to Alderon.
For more information on Alderon, please visit our website at www.alderonmining.com.
ALDERON RESOURCE CORP.
On behalf of the Board
Mark J Morabito, President & CEO
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Alderon Resource Corp. - Vancouver Office
Mark Morabito
604-681-8030
604-681-8039 (FAX)
mmorabito@explorationgroup.com
Alderon Resource Corp. - Toronto Office
416-309-2135
416-861-5887 (FAX)
info@alderonmining.com
www.alderonmining.com
Source: Marketwire (October 27, 2010 - 9:01 AM EDT)
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RX Exploration Inc. Trades on OTCQX
RX Exploration Inc. Trades on OTCQX
Oct. 27, 2010 (Marketwire) --
WINNIPEG, MANITOBA -- (Marketwire) -- 10/27/10 -- RX Exploration Inc. (TSX VENTURE: RXE)(OTCQX: RXEXF) (RX or the Company), announces today that its common shares have commenced trading on the highest tier of the OTC market, OTCQX International, under the symbol "RXEXF", effective at the market open on Wednesday October 27th, 2010. Investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTCQX website and the OTC (www.otcqx.com) and OTC markets (www.otcmarkets.com) websites. RX Exploration continues to trade on the Toronto Venture Exchange (TSX-V) under the symbol "RXE".
Merriman Capital, Inc. (NASDAQ: MERR) will serve as RX Exploration's Principal American Liaison ("PAL") on OTCQX regulatory matters. Merriman Capital, Inc. is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services.
"We are pleased to be able to better serve the growing number of U.S. investors following RX Exploration with the enhanced U.S based trading platform offered by OTCQX." said RX Exploration's President Murray Nye. "The OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers, while Merriman's blend of investment banking, equity research and financial marketing services has a proven track record of success in elevating the profile of their client companies."
About RX Exploration
RX Exploration Inc. (TSX VENTURE: RXE)(OTCQX: RXEXF) is a gold exploration company whose strategy is to re-examine gold projects within North America that have previously reached advanced exploration, underground development or past gold production. The Company is currently focused on re-starting production from their Drumlummon Mine, a past producing high-grade, bonanza-type, epithermal underground gold and silver mine in Montana.
The Company's shares are listed on TSX-V (Symbol: RXE). There are 122,000,000 common shares issued and outstanding.
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects", or "intends" and other statements that are not historical fact are 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 those forward-looking statements.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
RX Exploration Inc.
Murray R. Nye
President
(204) 989-2434
Source: Marketwire (October 27, 2010 - 9:01 AM EDT)
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Green Globe International, Inc. Pursues New Carbon Credit Project in Major Market in South America
Green Globe International, Inc. Pursues New Carbon Credit Project in Major Market in South America
Quarterly Report Showing Investment in Village Green Global is Posted to OTC Markets Website
Oct. 27, 2010 (GlobeNewswire) --
LOS ANGELES, Oct. 27, 2010 (GLOBE NEWSWIRE) -- Green Globe International, Inc. (Pink Sheets:GGII) today announced that the company is pursuing a new potential carbon credit monetization project for a major city in Brazil, as well as another targeted project for the U.S. market. The newly targeted projects, which are reflective of Green Globe International's global approach to carbon credit projects, have been presented through the company's agreement with Green Giant Venture Fund, an internationally recognized carbon project developer.
Green Globe International has created marketing materials for the first targeted U.S. based carbon credit projects and will adapt the same material for international opportunities, including the South American project, as they are presented to the company. In the U.S., Green Globe International has targeted a city and a major school system for its first carbon credit monetization project proposals. The marketing program will target a wide variety of potential customers, including educational systems, (universities, college districts and public school districts); utilities; non-profit organizations; federal, state and local governments and agencies; military facilities; and other entities that are interested in a new revenue stream based on the good works already being accomplished.
"Even as we are working to secure our first project in the U.S., additional opportunities are being presented due to the global network we have developed, and we will continue to pursue projects that are deemed to be the most ideal given our capabilities" said Steven R. Peacock, CEO of Green Globe International.
The company has also posted its Quarterly Report for the period ended September 30, 2010, to the OTC Markets website at www.otcmarkets.com. The report, which will allow the company to maintain its reporting status on the OTC Markets site, includes Green Globe International's $237,000 investment in Village Green Global, Inc., a private company that owns SmartWeb, a proprietary environmental reporting software.
"This report is by far the most comprehensive quarterly statement that Green Globe has posted to the OTC Markets website, and we are pleased to have it available for our shareholders to view," added Mr. Peacock.
The Green Globe brand and program, which traces its roots back to the Unite d Nations Rio de Janeiro Earth Summit in 1992, where 182 Heads of State endorsed the Agenda 21 principles of Sustainable Development, has primarily been used in the travel and tourism industry but is now being expanded to include a growing number of environmentally responsible businesses in a variety of market sectors. The Green Globe brand is an ideal symbol for the world's increasing awareness of environmental responsibility and response to global climate change.
The company encourages all shareholders and others interested in following the progress of the Green Globe brand to subscribe to receive email alerts whenever new information is made public. To subscribe, please visit http://www.greenglobeint.com/stayconnected/email/.
About Green Globe International, Inc.
Green Globe International, Inc., through its 88% majority ownership in Green Globe, Ltd., a UK corporation, is the worldwide owner of the Green Globe brand, the recognized leader of sustainability certification and benchmarking programs, carbon footprint calculation and offset programs, and a broad range of consulting services. Green Globe International is an affiliate member of the United Nations World Tourism Organization and the World Travel & Tourism Council (WTTC), the business leaders' forum for the travel and tourism industry, is a major shareholder of Green Globe International. For more information on the company and its programs, please visit www.greenglobeint.com or call 888-528-0883.
For information on Green Globe Certification, please visit www.greenglobe.com. To see sustainable travel options, please visit www.greenglobe.travel.
The Green Globe International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6582
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Green Globe International, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
CONTACT: Green Globe International, Inc.
Public Relations and Communications
888-528-0883
corporate@greenglobeint.com
Source: Globe Newswire (October 27, 2010 - 9:00 AM EDT)
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B2 Digital, Inc. Announces Plans to Issue Stock Dividend of B2 Digital Shares to Its Shareholders
B2 Digital, Inc. Announces Plans to Issue Stock Dividend of B2 Digital Shares to Its Shareholders
Oct. 27, 2010 (GlobeNewswire) --
MESA, Ariz., Oct. 27, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) is pleased to announce that at a meeting of the Company's Board of Directors held on October 25, 2010, the directors of B2 Digital, Inc. approved a 10% stock dividend on our Common Stock.
B2 Digital, Inc. has filed the Issuer Company-Related Action Notification Form with FINRA in compliance with Rule 6490 and SEA Rule 10b-17.
Shareholders of record at the close of trading on November 5, 2010, will be issued one additional restricted share of B2 Digital, Inc. Common Stock for each ten shares of Common Stock held on the November 5, 2010, record date.
About B2 Digital, Inc.
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and other factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.
CONTACT: Atlanta Capital Partners, LLC
For B2 Digital
David Kugelman
866-692-6847
Source: Globe Newswire (October 27, 2010 - 9:00 AM EDT)
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High Desert Gold Corporation Traces High-Grade Gold Over 1 Km from Silica Hill at the Gold Springs Project
High Desert Gold Corporation Traces High-Grade Gold Over 1 Km from Silica Hill at the Gold Springs Project
VANCOUVER, BRITISH COLUMBIA, Oct. 27, 2010 (Marketwire) -- High Desert Gold Corporation (TSX VENTURE:HDG)(PINK SHEETS:HDGCF) ("HDG" or the "Company") announces the results from the continuing field activities from the summer work program at the Gold Springs Project in Nevada and Utah.
Of particular interest are the results obtained from surface chip samples in the target area called "Silica Hill," one of 14 target zones at Gold Springs. The Company has followed outcrops of the Silica Hill vein system over a length of approximately one kilometre before it disappears under surface gravels. Visible gold was panned from crushed rock along this one-kilometre length. Rock chip sample assays as high as 99.5 g/t gold have been collected along this trend. Selected examples of chip samples taken from the trend are shown below:
----------------------------------------------------------------------------Sample Number Sample Type Gold g/t Silver g/t----------------------------------------------------------------------------42161 Rock chip 99.5 143.6----------------------------------------------------------------------------8984 Rock chip 12.0 42.3----------------------------------------------------------------------------8071 Rock chip 6.08 88.2----------------------------------------------------------------------------53655 Rock chip 6.27 93.4----------------------------------------------------------------------------53630 Rock chip 23.35 252.9----------------------------------------------------------------------------53632 Rock chip 13.34 39.6----------------------------------------------------------------------------33006 Rock chip 14.78 30.0----------------------------------------------------------------------------53698 Rock chip 6.21 38.7----------------------------------------------------------------------------53644 Rock chip 5.01 12.3----------------------------------------------------------------------------53652 Rock chip 6.89 29.6----------------------------------------------------------------------------Rock chip samples are typically 0.5 to 1.5 metres long and cut across the assumed strike of the vein
Ralph Fitch, President and CEO, stated, "Silica Hill is extraordinarily rich in gold. Remarkably, it has never been drilled, nor received extensive mining even though it is situated in an old mining district. The summer work program has succeeded in defining numerous drill targets and exceptionally high-grade gold values. The Phase Two drill program, which is in the permitting phase, has the potential to add significant value to the property and to the Company."
The ongoing exploration program has focused on mapping and sampling of the numerous target areas within the large land position. To date, four distinct styles of mineralization have been identified, all of which display visible gold and have returned high-grade gold values from rock chip samples.
The predominant style of mineralization is in the form of banded quartz-adularia+/-calcite veins which can be traced for distances of over 2 kilometres along strike. This type of mineralization is seen at the Jumbo target which was the focus of HDG's Phase One drill program and which was previously reported (see PR10-14, August 19, 2010), and on the Silica Hill target area. This style of mineralization was the target of most of the historic production in the district.
Field work on the Silica Hill target has identified and traced a series of parallel quartz-adularia veins for a distance of 1 kilometre. Work continues to extend the veins to the north while the southern extension is obscured by post-mineral cover. This target has seen only limited historic mining in the form of small pits and cuts and has not been the subject of drilling.
A second, and newly discovered, style of mineralization is characterized by quartz-adularia breccias which crumble easily forming recessive outcrops. Thus far, HDG has found two occurrences of this style of mineralization with rock chip results being 126.5 g/t and 32.7 g/t gold. Samples from these outcrops have been crushed and panned in the field producing visible gold in the concentrates. The focus will be to expand efforts to identify areas of quartz-adularia breccias and determine controlling factors for developing these breccias.
A third style of mineralization is found around the historic Pope mine where thin quartz veins cut a tuffaceous unit. This style of mineralization is similar to that found at the Round Mountain mine in Nevada. When samples of vein material are crushed and panned they produce visible gold in the concentrate. Assay results from this mineralized style range up to 14.4 g/t Au from selected vein material.
The final style of mineralization is exposed within the margins of the caldera in an historic mine working. Mineralization is associated with fluorite-quartz-hematite and is exposed only in a small window in a post-mineralization tuff. Samples from the old workings have been washed and panned to produce tails of visible gold in the concentrates. Rock chip samples from the mine dump consistently return high-grade gold values with results ranging up to 13.5 g/t.
Selected results from the various styles of mineralization on the Gold Springs project:
--------------------------------------------------------------------------- Sample Gold SilverStyle Sample # Type (g/t) (g/t)---------------------------------------------------------------------------Quartz-Adularia 42161 1 metre rock chip 99.5 143.6--------------------------------------------------------------------------- 8071 1 metre rock chip 6.08 88.17--------------------------------------------------------------------------- 42154 1 metre rock chip 14.16 154--------------------------------------------------------------------------- 53630 0.8 metre rock chip 23.25 252.9--------------------------------------------------------------------------- 53632 1 metre rock chip 13.34 39.6---------------------------------------------------------------------------Quartz-Adularia Breccia 33017 1.2 metre rock chip 126.8 442.7--------------------------------------------------------------------------- 53038 0.61 metre rock chip 32.7 14.6---------------------------------------------------------------------------Round Mountain style 42162 Selection from veins 14.4 31.5--------------------------------------------------------------------------- 210 Selection from veins 4.9 no assay---------------------------------------------------------------------------Fluorite-Quartz 8076 Grab from dump 12.6 41.9--------------------------------------------------------------------------- 42013 Grab from dump 13.5 29.0---------------------------------------------------------------------------
The Company is currently permitting the planned drill programs with the BLM in preparation for the Phase Two drill program.
HDG controls approximately 6,300 acres (9.8 square miles) or 5,550 hectares and has now completed detailed sampling of a number of the target areas which were identified through the initial regional work. A total of 430 surface rock samples have been collected thus far of which 52 have returned gold grades of greater than 1 g/t (12.09%). HDG has obtained results from past work in the district by Cambior Exploration and Astral Mining. These companies collected a total of 740 rock samples of which 89 exceed 1 g/t (12.03%).
The Gold Springs property is under option from Fronteer Gold Inc. ("Fronteer"). High Desert Gold Corporation can earn a 60% interest over a five-year period by spending US$1 million on exploration and paying Fronteer US$160,000.
Assays were performed in Reno, Nevada by Inspectorate Laboratories, an ISO 9001:2000 Certified laboratory. Gold was analyzed by fire assay of a 30 g sample with an AA finish.
The Qualified Person on the Gold Springs project is Randall Moore, EVP Exploration and a certified professional geologist. He has reviewed the content of this press release.
Please see High Desert Gold Corporation's website, www.hdggold.com, for maps and drill hole locations.
Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "will," "plans," "target," "potential," "add significant value," "interpretation" and similar expressions. Information concerning the interpretation of rock chip samples and drill results also may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, the availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; changes in project parameters as plans continue to be refined and other risks more fully described in the Company's Management Discussion & Analysis of Financial Position and Results of Operations, which is available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Except as required by law, HDG assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
High Desert Gold Corporation Executive Vice President (303) 584-0606 (303) 758-2063 (FAX) rdoran@hdggold.com www.hdggold.com
Source: Marketwire Canada (October 27, 2010 - 8:32 AM EDT)
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Omnitek Engineering Introduces High-Pressure Compressed Natural Gas Filter for Smaller Engines
Omnitek Engineering Introduces High-Pressure Compressed Natural Gas Filter for Smaller Engines
Oct. 27, 2010 (GlobeNewswire) --
SAN MARCOS, Calif., Oct. 27, 2010 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (OTCQB:OMTK) today announced the introduction of a high-pressure compressed natural gas filter specifically designed for small, low- powered engines, with particular applications for vehicles operating within Asia and the Indian subcontinent.
The filter has been certified by an international independent agency based on tests and standards sanctioned by the United Nationals Economic Commission for Europe, specifically UN-ECE-110R.
"The introduction of this smaller natural gas filter model 075, with applications that include three-wheel vehicle models, marks a great addition to our large filter model 175 -- which was designed for light and heavy duty vehicles powered by CNG, such as buses and trucks," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
He noted that numerous internationally recognized original equipment manufacturers utilizing the company's larger filter requested a smaller component based on expectations for growing demand for alternative fuel passenger vehicles and the performance standards of the larger unit.
Funk noted that the company is exploring manufacturing the new smaller filter in India in 2011.
About Omnitek Engineering Corporation
Omnitek Engineering Corp. develops and sells new natural gas engines, as well as proprietary diesel-to-natural gas conversion systems -- providing global customers with innovative alternative energy and emissions control solutions that are sustainable, affordable and designed to combat global warming.
Some of the statements contained in this news release discuss future expectations, contain projections of results of operations or financial condition or state other ``forward-looking'' information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements, completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate. Words such as ``anticipates,'' ``expects,'' ``intends,'' ``plans,'' ``believes,'' ``seeks,'' ``estimates,'' and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Maier & Company, Inc.
Gary S. Maier
(310) 442-9852
Source: Globe Newswire (October 27, 2010 - 8:30 AM EDT)
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Wall Street Corner Posts an Editorial Report on Green Equity Holdings, Inc.
Wall Street Corner Posts an Editorial Report on Green Equity Holdings, Inc.
Oct. 27, 2010 (Marketwire) --
DEERFIELD BEACH, FL -- (Marketwire) -- 10/27/10 -- Green Equity Holdings, Inc. (OTCQB: CXTO), (www.GreenEquityHoldings.com), which focuses on investing in novel technologies primarily in the clean energy sector, announced today that the Wall Street Corner will post an editorial report on Green Equity Holdings, Inc. The editorial report will be posted in "Larry Oakley's Opinion" editorial column at www.WallStreetCorner.com today, October 27, 2010.
In today's editorial, Larry Oakley presents a corporate profile on Green Equity Holdings, including a description of the Company's structure, subsidiaries, hazardous waste technology and future growth plans. According to the Editor and CEO, Larry Oakley, Wall Street Corner reaches over 120,000 potential investors monthly, with readership covering more than 96 countries. Editorials of the Wall Street Corner primarily focus on undervalued small to micro-cap emerging growth stocks. Larry Oakley also sends the report to a limited, select sub-group, providing his specific investment recommendations.
About Green Equity Holdings, Inc.
Green Equity Holdings Inc. discovers, invests and/or acquires development-stage, high-growth businesses with novel solutions, clean technologies and eco-friendly products that serve the global alternative energy sector. Incorporated in 2002 in the State of Nevada, GEH is majority owned by Fusion Capital Investments Corporation. For more information, please visit www.GreenEquityHoldings.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Green Equity Holdings, Inc.
Raymond Dias
President
Email Contact
Tel: 954-573-1709 begin_of_the_skype_highlighting 954-573-1709 end_of_the_skype_highlighting
Source: Marketwire (October 27, 2010 - 8:30 AM EDT)
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Dacha Executes Rare Earth Element Trade
Dacha Executes Rare Earth Element Trade
Oct. 27, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 10/27/10 -- Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE: DSM)(OTCQX: DCHAF) is pleased to report the trade of 20,000 kilograms ("kg") (20 metric tonnes) of +99.99% pure Gadolinium Oxide for a total consideration of US$1,180,000. This transaction represents a 25% premium to the replacement cost of the material as at September 28, 2010. Dacha acquired the Gadolinium Oxide in June 2010 at a cost of US$17.49/kg, or US$349,800 and was being held in its Busan, South Korea facility. Total return on this transaction was US$830,200 or a 237% gain in the value of our Gadolinium Oxide held in inventory since acquisition.
Scott Moore, President and CEO stated; "With this transaction Dacha has successfully demonstrated the liquidity and market value of its inventory. Dacha's business model is to acquire a Rare Earth Element stockpile, see increases in its value through rising prices for the physical commodity and trade opportunistically and we feel that this transaction addresses any concerns about the market value or tradability of our inventory."
Dacha has a unique position in the Rare Earth Element sector in that it owns finished Rare Earth Oxides, which management believes will contribute to the success of the Company's business model.
Alastair Neill, Executive Vice-President stated; "In building our stockpile we have focused on acquiring high quality material, either in four nine or five nines purity, on the basis of ultimately having a liquid inventory that can be traded. This trade clearly validates our strategy as we continue to work towards building Dacha into a significant player in Rare Earth Elements."
The Company would also like to announce the appointment of Christine Gallo as Corporate Secretary of the Company. Ms. Gallo is a corporate securities lawyer who works as a legal consultant to several publicly traded companies in the mining industry. Ms. Gallo received a Bachelor of Laws from Osgoode Hall Law School in 2006. Prior to joining the Company, Ms. Gallo practiced law at Cassels Brock & Blackwell LLP. Ms. Gallo was granted 50,000 options of the Company upon her appointment. The options have an exercise price of $0.53 and shall expire five years from the date of grant. The options shall vest immediately, subject to the four month regulatory hold period. The grant of options is subject to regulatory approval.
Ms. Gallo's appointment follows the resignation of Ms. Brianna Davies, who will continue as a consultant to the Company. Dacha would like to thank Ms. Davies for her ongoing contributions.
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha has the unique position of holding a commercial stockpile of physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the, proposed investment strategy and business model of the Company, general investment trends, and the anticipated value of commodities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointment are based on previous professional accomplishments and competencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
Dacha Strategic Metals Inc.
Stan Bharti
Executive Chairman
(416) 861-5903
www.dachametals.com
Source: Marketwire (October 27, 2010 - 8:01 AM EDT)
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United States Oil and Gas Corp Subsidiary Posts Third Quarter Gains; Adds Driller Service Contract
United States Oil and Gas Corp Subsidiary Posts Third Quarter Gains; Adds Driller Service Contract
Oct. 27, 2010 (Marketwire) --
AUSTIN, TX -- (Marketwire) -- 10/27/10 -- United States Oil and Gas Corp (OTCQB: USOG) is pleased to announce that refined fuel sales during the third quarter at its Kansas based subsidiary, Turnbull, rose 22% compared to the third quarter of last year. Despite a poor harvest because of drought conditions, Turnbull experienced higher sales overall, a reflection of its diversified customer base. The Company added a drilling contractor to which it expects to begin delivering approximately 28,000 gallons of fuel per month starting in December. Oil and gas exploration and production drillers represent approximately one-fifth of revenue for Turnbull.
Sales of propane to wholesale customers were up 40% during August and September. However, weaker sales during July meant that total gallons sold during the quarter remained nearly unchanged compared to last year. Total gallons of propane sold to wholesale customers were 266,903, comprising approximately one-half of all propane sold. Retail comprises the other half of propane sales.
Additional performance details will be included in complete third quarter financial results, which will be posted to EDGAR in the coming weeks.
About USOG
United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary, Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville, Utica, and Palco, Kansas. Our subsidiary, United, was founded in 2003, and sells and distributes refined oil and gas products including specialty racing fuels throughout North Dakota as well as regions of South Dakota and Montana. We own and operate a convenience store in Belcourt, and hold approximately six acres of developable land located in Bottineau, North Dakota.
The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A - Risk Factors" in our registration on Form 10 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Contact:
James Crimi
Investor Relations
+1-512-464-1225
Email Contact
Source: Marketwire (October 27, 2010 - 8:00 AM EDT)
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Clenergen Corporation Signs Dual Listing on the Frankfurt Stock Exchange "Open Market" With Immediate Effect
Clenergen Corporation Signs Dual Listing on the Frankfurt Stock Exchange "Open Market" With Immediate Effect
Oct. 27, 2010 (Marketwire) --
FRANKFURT, GERMANY -- (Marketwire) -- 10/27/10 -- Clenergen Corporation (OTCQB: CRGE)(FRANKFURT: 9CE) today announced the initial listing of its common stock on the First Quotation Board, Open Market of the Frankfurt Stock Exchange, effective immediately. The Frankfurt Stock Exchange is one of Germany's and Europe's premier stock exchanges.
The company also announced that with effect from 29th October 2010, Equinet Bank AG will act as designated sponsor of Clenergen Corporation's common stock on the electronic trading system Xetra. Equinet Bank AG is one of the leading banks focused on small and midcap companies in Europe and, in this role, will enable continuous trading of the common stock on the electronic trading system Xetra, as well as provide other guidance for the Company in its capital market strategy.
Commenting on the development, Tim Bowen, Chief Executive Officer of Clenergen Corporation said "Over the last year Clenergen has received equity financing from numerous German retail investors and the Clenergen board felt it was appropriate to have a dual listing in Germany to support European interest in our company. We look forward to developing our European shareholder base further and welcome working with Equinet Bank AG as our sponsor bank within the German market."
About Clenergen Corporation
Clenergen Corporation is a publicly-traded company with its common stock quoted on the Over The Counter market (OTCQB: CRGE). Clenergen offers strategic clean energy generation and supply of biomass feedstock to address the requirement for renewable and sustainable supplies of electricity. Clenergen has developed a unique modular system for gasification and localized plantation management. Clenergen also plans to provide biomass feedstock for producing wood pellets for co firing with coal to produce low emission electricity.
Clenergen Corporation uses proprietary and mixed biomass feedstock to implement sustainable supplies of clean energy for captive end users, islands, mining companies, government- or privately-owned power grid systems and other end users. The "Distributed Environmental Power System" marries significant proprietary advancements in plant science with proven long standing engineering technologies to achieve this goal. For further information on Clenergen Corporation and its products and services, go to: www.clenergen.com.
For further information please email: investors@clenergen.com
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). To the extent that any statements made in this press release contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as "expect," "plan," "will," "may," "anticipate," "believe," "should," "intend," "estimate," and variations of such words. Forward-looking statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, those risks and uncertainties contained in this press release and those identified in the periodic reports that the company files with the Securities and Exchange Commission (the "SEC") pursuant to the Exchange Act.
Contacts:
Clenergen Corporation
Tim Bowen
Chief Executive Officer
+44 (0) 20 7739 0028
www.clenergen.com
Source: Marketwire (October 27, 2010 - 7:41 AM EDT)
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First China Pharma Announces Expansion in Response to Increased Supply Chain Demands
First China Pharma Announces Expansion in Response to Increased Supply Chain Demands
Oct. 26, 2010 (Marketwire) --
HONG KONG -- (Marketwire) -- 10/26/10 -- First China Pharmaceutical Group, Inc. (OTCBB: FCPG) ("First China" or the "Company") is pleased to announce that the recently announced contracts with 3 regional hospitals has already led to increased acquisition of new product lines, an immediate plant expansion and resultant need to boost staffing levels.
First China Pharmaceutical Group provides approximately 5,000 drugs to more than 4,700 pharmacies, hospitals and clinics in China's Yunnan Province. Within the past 30 days, the effects from the new distribution contracts are already being responded to with typical operational efficiency.
The Company's inventory of new drug varieties jumped by approximately 6%, representing over 300 new products available for priority distribution, leading to a warehouse expansion of nearly 1000 square meters of floor space and the hiring of 29 new employees. While several of the new hires will be performing roles in sales and marketing, most of the new employees will be responsible for the best practices training of workers at affiliate member retail pharmacies within Yunnan's growing population of over 45 million persons.
As recently reported, government directives and initiatives are dramatically spurring the growth of the pharmacare product distribution segment in China. The key market driver is based on a proposal put forward in 2009 by the Ministry of Health that public hospitals should gradually phase out existing "cost plus" pricing system within 3 years and that during this period medical institutions should centralize their procurement and distribution of drug and pharmacare products.
The Company's combination of bulk purchasing power, low prices and growing variety of product lines (both Chinese and Western) is matched by its high capacity supply chain and B2B operating system which utilizes the benefits of First China's exclusive government issued internet ordering and distribution license thereby significantly differentiating the Company from virtually all competitors in the region.
Details of the company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About First China Pharmaceutical Group, Inc. (OTCBB: FCPG)
First China Pharmaceutical Group, Inc. aims to develop a high growth pharmaceutical distribution company generating significant revenue from the sale of healthcare products in China. As part of its business strategy, the Company has acquired the assets of Kun Ming Xin Yuan Tang Pharmacies Co. Ltd. (XYT), which includes a strategic advantage over its competitors as it is the only pharmaceutical distribution company in Yunnan Province that has obtained government approval to fulfill orders over the internet. First China Pharmaceutical Group plans to continue the rapid growth of the company from its current position as a provider of approximately 5,000 drugs to more than 4,700 pharmacies, hospitals and clinics in China's Yunnan Province. For more information visit: www.firstchinapharma.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
First China Pharmaceutical Group, Inc.
-------------------------------------------------
Zhen Jiang Wang
Chairman and CEO
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Contact:
Evergreen Investor Relations, Inc.
Phone: 1-888-518-3274
Email: info@firstchinapharma.com
Web: www.firstchinapharma.com
Source: Marketwire (October 26, 2010 - 9:00 AM EDT)
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PuraMed BioScience, Inc. Expands Print Advertising Campaign
PuraMed BioScience, Inc. Expands Print Advertising Campaign
Oct. 26, 2010 (GlobeNewswire) --
SCHOFIELD, Wis., Oct. 26, 2010 (GLOBE NEWSWIRE) -- PuraMed BioScience, Inc. (OTCBB:PMBS) announced today that it is building upon its recently launched print advertising campaign for its migraine medication LipiGesic™ M.
The advertisements will appear in a number of newspapers, which have a total circulation of over 1,000,000. The ads will be in a direct response format, which means they encourage readers to call in or log on to purchase LipiGesic™ M after reading the ad. Ads featuring LipiGesic™ M will appear in print as a "run of press" rather than an insert. "Run of press" ads maximize the opportunity for exposure, since they are contained alongside the editorial content of the newspaper.
Upon evaluating consumer response after the initial set of ads is published, PuraMed will identify markets with the best response rates. The Company will then explore adding 15-second radio spots in those markets while further newspaper ads are published. By both print and radio ads running simultaneously in the same market, there is a greater chance of increasing brand awareness.
"We look forward to the continuation of our print advertising campaign in a number of newspapers across the country," said PuraMed BioScience CEO Russell Mitchell. "By running radio ads along with the print advertisements, more people have the opportunity to learn about LipiGesic™ M and its benefits. By expanding upon our print campaign, we are continuing our strategy to introduce LipiGesic™ M to a broad audience before our national retail launch."
While announcing new advertising campaigns, the Company is continuing to identify national retail opportunities in order to prepare for the retail launch of LipiGesic™ M. PuraMed also anticipates the potential publication of the results of a clinical study of LipiGesic™ M, which can generate significant awareness and increase visibility of the product to both the medical community and the general public.
About PuraMed BioScience, Inc.:
PuraMed BioScience, Inc. engages in the research, development and marketing of non-prescription medicinal and healthcare products. In addition to its leading product LipiGesic™ M, which provides acute relief from migraine headaches, the Company also has plans to launch LipiGesic™ PM that provides a remedy for insomnia and other sleep disorders as well as LipiGesic™ H for common tension headaches. For more information on PuraMed, visit the Company website at www.PuraMedBioScience.com, join the Company's group page on Facebook by searching "PuraMed BioScience" and follow the Company on Twitter at www.twitter.com/puramed.
Forward Looking Statements: This news release contains forward-looking statements regarding PuraMed BioScience and its future business plans, which statements involve known and unknown risks and uncertainties. Such risks and uncertainties may cause actual results and future achievements of PuraMed BioScience to be materially different than those implied by these forward-looking statements. PuraMed BioScience has and undertakes no obligation to provide public updates and revisions to these forward-looking statements to reflect any changes in its expectations of future events.
CONTACT: PuraMed BioScience, Inc.
Russell Mitchell, Chairman and CEO
715-359-6373
rmitchell@PuraMedBioScience.com
www.PuraMedBioScience.com
Investor Awareness, Inc.
Investor Relations:
Tony Schor
James Foy
847-945-2222
www.investorawareness.com
North Shore Public Relations, Inc.
Media Contact:
Renae Placinski
847-945-4505
Renae@northshorepr.com
www.northshorepr.com
Source: Globe Newswire (October 26, 2010 - 9:00 AM EDT)
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TransTech Systems to Exhibit at IFMA's World Workplace 2010 Conference & Expo in Atlanta, GA
TransTech Systems to Exhibit at IFMA's World Workplace 2010 Conference & Expo in Atlanta, GA
Oct. 26, 2010 (Business Wire) -- TransTech Systems, Inc., a subsidiary of Visualant, Inc. (OTCBB:VSUL), and a pioneer provider of industry-leading identification solutions, is pleased to announce it is an exhibitor at the upcoming International Facility Management Association’s (IFMA) World Workplace 2010 Conference and Expo at the Georgia World Congress Center in Atlanta Georgia. This year’s conference will run from October 27th to 29th and marks IFMA’s 30th Anniversary Celebration.
The IFMA is the world’s largest association of professional facility managers. It supports more than 19,000 members in 78 countries. The IFMA members manage more than 37 billion square feet of property and annually purchase more than $100 billion in products and services.
TransTech Systems will be exhibiting the latest in identification card printing and encoding systems and building access control products from manufacturers such as Evolis, Farpointe Data, NiSCA and Paxton Access. TransTech will also be debuting Access and Environmental control products from Assa Abloy’s hospitality division, TimeLox. See these and other popular security industry products, including the breakthrough Visualant Spectral Pattern Matching (“SPM”) technology, on display in TransTech’s booth #1335. See www.worldworkplace.org for further details.
Through its TransTech distribution subsidiary, Visualant has access to the impressive, broad customer base represented by IFMA.
About Visualant, Inc.
Visualant, Inc. (www.visualant.net) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Its patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching (SPM). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed-mount configurations, and can be combined in the same package as a bar-code or biometric scanner.
Through its wholly owned subsidiary, TransTech Systems, Inc. (www.ttsys.com), the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.
Visualant, Inc.:
Lynn Felsinger, 206-903-1351
lynn@visualant.net
or
TransTech Systems, Inc.:
Jeff Kruse, 503-427-7131
jkruse@ttsys.com
Source: Business Wire (October 26, 2010 - 9:00 AM EDT)
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Fresh Traffic Group Inc. Concludes Definitive Agreement
Fresh Traffic Group Inc. Concludes Definitive Agreement
Oct. 26, 2010 (Business Wire) -- Fresh Traffic Group Inc., a Nevada company trading quoted on the Over Counter Bulletin Board (ECHD.OB) (“the Company”), today announced that they have concluded a definitive agreement with closing to take place at close of business today whereby the Company will acquire all of the issued and outstanding shares of Fresh Traffic Group Corp. (“Fresh”), a private company providing search advertising solutions for search advertisers and publishers.
Headed by Ex Google UK Director Fresh Traffic brings over 25 years of experience in providing Search Engine Optimization and Internet marketing solutions to companies around the world. At Fresh Traffic, our goal is simple: to make the Internet an accessible and successful addition to all businesses. This is accomplished through custom internet marketing solutions and by utilizing tested, relevant Internet Search Engine Optimization (SEO) and Paid Advertising (SEM/PPC) methods. Web marketing is far more complex than simply building a website and submitting it to the search engines. To achieve high volumes of qualified traffic and; to obtain and sustain top search engine positions, a website needs to be engineered for search and continuously monitored as search engines evolve. This is the niche market Fresh specializes in.
In exchange for the acquisition of the Fresh shares, the Company will issue a total of 10,400,000 shares of common stock of the Company of which 8,000,000 are issued to the shareholders of Fresh and 2,400,000 shares will be issued to creditors of Fresh in settlement of outstanding debt.
On October 20, 2010, the Company effected a change of name to comply with the terms of the acquisition of Fresh. The new name is Fresh Traffic Group Inc. The Company expects a new trading symbol to be assigned concurrent with the closing of this acquisition.
The Company will file a Form 8-K in regard to the acquisition on or before Friday, October 29th.
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements in this announcement that are not historical facts represent only the Company's current expectations, assumptions, estimates and projections and are forward-looking statements. These forward-looking statements involve various risks and uncertainties. Important risks and uncertainties that could cause the Company's actual results to be materially different from expectations include but are not limited to the risks set forth in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 10-K. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
IR Contact:
David Kugelman, (1) 866-692-6847
dk@otcstockreview.com
or
To receive future press release please email freshtrafficgroup@gmail.com with details
Source: Business Wire (October 26, 2010 - 8:59 AM EDT)
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Colombia Clean Power & Fuels, Inc. Announces Agreement to Acquire Additional Coal Concessions
Colombia Clean Power & Fuels, Inc. Announces Agreement to Acquire Additional Coal Concessions
Oct. 26, 2010 (Business Wire) -- Colombia Clean Power & Fuels, Inc. (OTCBB: CCPF.OB) announced today that the Company has completed the acquisition of its two initial coal mining concessions in Colombia and has reached agreement on the acquisition of a third adjacent concession in the Santander district of Colombia covering another 4,400 hectares (10,873 acres). This brings the Company’s total concession coverage to 7,074 hectares (17,481 acres).
Edward Mooney, Chief Executive Officer, stated, “Completing the purchase of our first two concessions and now expanding our total acreage and expected coal resources with the additional concession in Santander demonstrates our team’s ability to identify and acquire the key resources upon which we seek to build a world class mining company. We remain confident in achieving our initial goal of controlling in excess of 300 million tons of proven metallurgical coal reserves.”
Terms of the new concession purchase include certain fees to be paid to the Colombian Ministry of Mines and additional purchase consideration to the present owner of the concession, as well as a small royalty per ton of coal produced and sold under each concession. Closing is subject to final government approval of the transfer of the concessions, which the Company anticipates shortly. The Company has commenced its exploratory drilling program as part of pre-feasibility work on a formal mining plan.
About Colombia Clean Power & Fuels, Inc.
Colombia Clean Power & Fuels, Inc. (OTCBB: CCPF.OB) is developing coal mining, coal coking and clean coal technology operations in the Republic of Colombia. The Company plans to build mines to produce both metallurgical coal and high-grade thermal coal and implement advanced coal technologies, such as coal gasification and coal-to-liquids, to produce metallurgical coke, urea, liquid fuels, power and other clean energy solutions. Colombia is the world’s tenth largest producer and fourth largest exporter of coal, with an estimated 7 billion metric tons (“MT”) of recoverable reserves and 17 billion MT of potential reserves.
The Company’s current operations are focused on coal exploration and development activities. The Company has retained leading engineering and geological services firms in the U.S. and Colombia to conduct exploration work in selected concessions under consideration for acquisition by the Company. The Company’s team of executives, advisors and partners is comprised of experienced entrepreneurs and business professionals in the U.S., Colombia and China that have a breadth of experience in coal mining and clean coal technologies as well as substantial industry relationships.
For more information, visit www.ColombiaCleanPower.com
This release contains forward-looking statements regarding Colombia Clean Power & Fuels future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, fluctuations in coal and energy prices, and other risk factors described from time to time in the Company’s reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company’s control. Colombia Clean Power & Fuels undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
Colombia Clean Power & Fuels, Inc.
Daniel Carlson, +1-415-460-1165
Chief Financial Officer
dcarlson@colombiacleanpower.com
Source: Business Wire (October 26, 2010 - 8:57 AM EDT)
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Mount Knowledge Holdings, Inc Signs Letter of Intent Extension to Acquire US and China Based Sales and Marketing Company
Mount Knowledge Holdings, Inc Signs Letter of Intent Extension to Acquire US and China Based Sales and Marketing Company
Oct. 26, 2010 (GlobeNewswire) --
NOVI, Mich., Oct. 26, 2010 (GLOBE NEWSWIRE) -- Mount Knowledge Holdings, Inc (the "Company") (OTCBB:MKHD), an educational software development, sales and training company offering innovative and proprietary learning products and training services worldwide, announced that on October 26, 2010, it executed an extension of the effective period of the non-binding Letter of Intent to acquire one hundred percent (100%) ownership of Mount Knowledge USA, Inc. ("MTKUSA") in a Stock Purchase and Share Exchange Agreement.
MTKUSA is a U.S. based sales and marketing company formed in September 2009 for the purposes of distributing Mount Knowledge™ products domestically and internationally to a variety of customers, including individuals, schools, government agencies, and corporations, primarily in China.
The modified extension is required for Mount Knowledge USA, Inc. to complete the current offering. Both parties agree that MTKUSA shall be allowed to continue to raise funds until the closing date, at which time MTKUSA shareholders of record would be acknowledged and included in the executed Stock Purchase and Share Exchange Agreement.
"Our intention was to complete this transaction sooner, however, we did not want to disrupt the current financing efforts of MTKUSA," stated Daniel A. Carr, President and CEO of Mount Knowledge Holdings, Inc. "With MTKUSA currently funding new technology achievements and continued sales and marketing in China, the Company only stands to benefit by waiting for MKTUSA to close their current round of financing. We feel confident that this acquisition will be completed by the end of the year, allowing us to enter 2011 with a stronger financial and market position."
The initial agreement between the Company and MTKUSA was executed on April 26, 2010 and a definitive purchase agreement is expected to be completed on or before December 31, 2010, with a subsequent closing date to be mutually agreed by both parties. However, to date no definitive agreement has been entered into by the parties and it is possible that the companies will not finalize such agreement. Additional information can be found in the Form 8K filed on October 26, 2010 with the Securities and Exchange Commission.
About Mount Knowledge USA, Inc.
Mount Knowledge, USA, Inc. is a privately-held Nevada corporation formed in September 2009. The Company was incorporated by Erwin Sniedzins of Mount Knowledge Inc ("MtK, Inc"), a Canadian R&D Company, the founder and author of the Mount Knowledge™ learning products, as a marketing and sales company. The primary mission of MTKUSA is to market, sell and distribute a proprietary Real Time Self Learning System ("RTSL") software application referred to as the Knowledge Generator™ product, domestically and internationally to a variety of customers, including individuals, schools, government agencies, and corporations.
About Mount Knowledge Holdings Inc.
Mount Knowledge Holdings, Inc. (OTCBB:MKHD) is an educational software development, sales and training company offering innovative and proprietary "real-time self learning" software products and teaching services for both corporate and direct consumer markets worldwide. The Company's technology stems from an interactive and visual learning system referred to as "Syntality,"ä integrated into a core application known as the "Knowledge Generator,"ä and is currently being offered in China to the more than 300 million students from grade school to university seeking to learn English, and a vast number of people in the Chinese workplace increasing their English fluency to achieve greater income earning potential.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract members; convert members into paying subscribers and retain our paying subscribers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, reliance on credit card processors and related necessary merchant account approvals, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at http://www.sec.gov.
CONTACT: KCSA Strategic Communications
Phil Carlson
212-896-1233
pcarlson@kcsa.com
Marybeth Csaby
212-896-1276
mcsaby@kcsa.com
Mount Knowledge Holdings, Inc.
(248) 893-4538
(888) 682-3038
39555 Orchard Hill Place
Suite 600 PMB 6096
Novi, Michigan 48375
Source: Globe Newswire (October 26, 2010 - 8:52 AM EDT)
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Pet Airways to Trade as PAWS on OTC BB
Pet Airways to Trade as PAWS on OTC BB
First airline for "pets only" announces official name and symbol change.
Oct. 26, 2010 (PR Newswire) --
DELRAY BEACH, Fla. -- The shareholders of Pet Airways, Inc. (OTC Bulletin Board: PAWS), the first airline specifically designed for the comfortable, efficient transportation of pets, approved changing the Company's name from American Antiquities Incorporated to Pet Airways, Inc. Effective at the open of business on October 26, 2010, the Company's ticker symbol will change to PAWS and its common stock will continue to trade on the over-the-counter bulletin board.
Dan Wiesel, CEO of the Company, said, "We are absolutely delighted with our new name and trading symbol. We believe that the name Pet Airways, Inc. more accurately describes our core business in pet transportation and other pet travel services and is nicely supplemented by our trading symbol, PAWS, which captures our marketing strategy and underscores our ground-breaking position in the field of pet transportation. We believe that we have a head start in serving the substantial, but largely untapped, market of pet transportation, and our new name and trading symbol will further increase our position in this market." Pet Airways was recently the subject of a report by noted Wall Street Analyst Leonard Bogner.
About Pet Airways
Pet Airways, Inc. (http://www.petairways.com) is the first airline specifically designed for the comfortable, efficient transportation of pets. Pet Airways' "pawsengers" travel in the specially equipped main cabin of its planes - well-lit, climate-controlled and pressurized - with a trained pet attendant on duty at all times. With Pet Airways, pet parents can be assured their animals will be treated with tender, loving care throughout the journey. The airline launched flight operations in 2009, and provides coast-to-coast service from Los Angeles, Phoenix, Denver, Omaha, Chicago, Baltimore/Washington DC, New York, Atlanta and Ft. Lauderdale.
FORWARD-LOOKING STATEMENTS
This press release includes statements that may constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included herein, including without limitation, statements regarding future financial position, business strategy, budgets, projected sales, projected costs and plans, and objectives of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation there on or similar terminology or expressions. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results proposed in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: the costs and availability of financing; our ability to maintain adequate liquidity; our ability to execute our operational plans; our ability to control our costs; our ability to attract and retain customers; demand for transportation in the markets in which we operate; an outbreak of a disease that affects travel demand or travel behavior; demand for travel and the impact that global economic conditions have on customer travel patterns; general economic conditions (including interest rates, investment or credit market conditions, crude oil prices, costs of aviation fuel and energy refining capacity in relevant markets); competitive pressures on pricing and on demand; governmental legislation, regulation and other actions; weather conditions; and statements of assumption underlying any of the foregoing, as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended October 31, 2009 filed with the Securities and Exchange Commission and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. We assume no duty to update or revise our forward-looking statements based on changes in internal estimates, expectations, or otherwise or to reflect events or circumstances after the date hereof.
SOURCE Pet Airways
Alysa Binder, +1-561-274-6648, abinder@petairways.com
Source: PR Newswire (October 26, 2010 - 8:48 AM EDT)
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Smart Kids Group, Inc.'s 'GINA D'S KIDS CLUB' Programs to Air on "The Country Network" (TCN) Starting October 23rd
Smart Kids Group, Inc.'s 'GINA D'S KIDS CLUB' Programs to Air on "The Country Network" (TCN) Starting October 23rd
Oct. 26, 2010 (Marketwire) --
EDMONTON, AB -- (Marketwire) -- 10/26/10 -- Smart Kids Group Inc. (OTCBB: SKGP) www.smartkidsgroup.com, a global provider of children's digital education and entertainment, is pleased to announce that the Company's GINA D'S KIDS CLUB programs will begin airing on The Country Network (TCN) starting October 23, 2010.
The Country Network (TCN) and Sinclair Broadcasting have teamed up to bring you The Country Network all across the nation! Starting in October, this partnership will bring TCN to the airwaves in 17 million households. www.afncountry.com
In addition to the numerous Christian and Family networks carrying the programs around the world, the programs will begin airing on revenue producing stations in twelve new markets which is part of "The Country Network" (TCN) here in the United States.
Smart Kids Group's CEO and Co-Chairman, Joseph DiFrancesco, commented, "The Gina D's Kids Club® programs and DVDs have been hailed by educators and parents as a safe haven for children and have received numerous awards including: a Telly, Kids First, Communicator and a Crystal Award for Excellence in Creativity, Special Effects and Animation. The competition included 3,200 entries from 48 states and nine countries. The show has also been approved by Kids First! The coalition for Quality Children's Media and the entire series of television programs and DVDs have received five star reviews and been awarded The Dove Foundation Family Seal of Approval. In addition, the 'Safety Health and Fitness' television DVD has been awarded the 2007 Greatest Products Award from iParenting Media which is owned by Disney."
GINA D'S KIDS CLUB UPDATE
October 26, 2010
The Trinity Broadcasting Network (TBN) has renewed the program for another 3 years until October 2013.
Smart Kids President and Co-Chairman of the Board, Richard Shergold, commented, "Our goal is to turn the 'Gina D' Brand licensed properties into a revenue source for Smart Kids Group, Inc. for years to come as part of the 25 year license we acquired from 3D Future Vision, Inc. We are very proactive with our working partnership with 3D Future Vision, Inc. and we will keep our investors informed every step of the way."
For more information contact us at www.smartkidsgroup.com or e-mail the company at info@smartkidsgroup.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "plan," "expect," or similar expressions and are subject to numerous known and unknown risks and uncertainties. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Investors are encouraged to carefully review regulatory filings prior to investment consideration. Past performance is no guarantee of future success or that there cannot be losses or business interruption. The Company is in a rapid growth sector that may or may not continue to grow in the future and therefore poses risks that may be different than other investments. Management regularly provides news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstance change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply with all applicable laws.
For more information contact
Smart Kids Group, Inc.
www.smartkidsgroup.com
info@smartkidsgroup.com
Source: Marketwire (October 26, 2010 - 8:45 AM EDT)
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CIC to Exhibit Its Electronic Signature Solutions at NAILBA
CIC to Exhibit Its Electronic Signature Solutions at NAILBA
Oct. 26, 2010 (PR Newswire) --
REDWOOD SHORES, Calif. -- Communication Intelligence Corporation ("CIC") (OTC Bulletin Board: CICI), the leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification announced today that it will exhibit its full suite of products at the upcoming NAILBA 29 conference to be held in Dallas, Texas, November 18-20, 2010 at Exhibition Booth #623.
"The key challenge facing insurers today is achieving cost effective sales growth in the face of a constricted economy. Leveraging CIC's electronic signature has emerged as the key enabler in achieving that objective," stated Guido DiGregorio, CIC's President. "According to a recent Gartner study an estimated 75 to 100 life and P&C insurers are currently pursuing eSignature based deployments. In addition, Gartner recommends that insurers focus on eSignature vendors who possess core infrastructure and workflow knowledge.
"We are pleased with the increasing recognition by insurers that eSignature technology provides the solutions to the challenges they face and that analysts are acknowledging and recommending the key factors that differentiate CIC from its competitors. These factors include successful large scale deployments with 6 of the top 10 insurers, both on premise and hosted solutions, together with a complete suite of enterprise class products from SKUs, APIs and SOA architectures that complements our core competence to optimize any insurer's solution."
CIC invites all NAILBA attendees to visit us at Exhibition Booth #623 to discuss how our electronic signature software solution can increase revenue while significantly reducing costs, and ensuring regulatory compliance.
Learn how to accommodate any signature type in your application process.
Consistently deliver improved customer service.
Improve cross-sell opportunities.
Eliminate costly and time consuming not-in-good order (NIGO) processing.
Learn how to improve risk compliance and operational efficiencies.
Drive increased revenue and profitability.
For more information about NAILBA please visit: http://www.nailba.org/nailba29
About CIC
Communication Intelligence Corporation's (CIC) products enable companies to achieve truly paperless work flow in their eBusiness processes by providing multiple signature technologies across virtually all applications in SaaS (Software as a Service) and fully deployed on-premise delivery models. CIC based solutions afford Straight through Processing (STP) which delivers increased revenue generation by enhancing the customer experience and significant expense reduction through paperless and virtually error free electronic transactions.
Industry leaders such as AGLA, Allstate, American Family, Charles Schwab, JP Morgan Chase, Nationwide (UK), Prudential, Snap-on Credit, Travelers, Wachovia, Wells Fargo and WFG (World Financial Group) chose CIC's products to meet their needs. CIC has deployments with over 400 channel partners and enterprises worldwide representing millions of end users, with over 500 million electronic signatures captured, eliminating the need for over a billion paper documents. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at www.cic.com.
About NAILBA
The National Association of Independent Life Brokerage Agencies (NAILBA) is a nonprofit trade association with over 350 member agencies in the U.S. and Canada, representing 100,000 producers who deliver more than one billion dollars in first year life insurance premiums annually. Since 1981, NAILBA has represented independent wholesale life brokerage agencies, leading the way in protecting your interests.
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions. These forward-looking statements speak only as of the date hereof and the Company disclaims any intent or obligation to update these forward-looking statements.
CIC and The Power to Sign on Line are registered trademarks of Communications Intelligence Corporation. All other trademarks and registered trademarks are the property of their respective holders.
Contact Information
CIC
Investor Relations & Media Inquiries:
Chantal Eshghipour
650-802-7740 begin_of_the_skype_highlighting 650-802-7740 end_of_the_skype_highlighting
investorrelations@cic.com
SOURCE Communication Intelligence Corporation
Investor Relations & Media Inquiries: Chantal Eshghipour of Communication Intelligence Corporation, +1-650-802-7740 begin_of_the_skype_highlighting +1-650-802-7740 end_of_the_skype_highlighting, investorrelations@cic.com
Source: PR Newswire (October 26, 2010 - 8:31 AM EDT)
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Freddie Mac Issues Monthly Volume Summary for September 2010
Freddie Mac Issues Monthly Volume Summary for September 2010
Oct. 26, 2010 (PR Newswire) --
MCLEAN, Va. -- Freddie Mac (OTC Bulletin Board: FMCC) today issued the company's Monthly Volume Summary for September 2010.
The summary, available on the company's Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management and delinquencies, including data on seriously delinquent mortgage loans in related mortgage Participation Certificate (PC) pools.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. www.FreddieMac.com
SOURCE Freddie Mac
MEDIA: Michael Cosgrove, +1-703-903-2123; INVESTOR CONTACT: Linda Eddy, +1-703-903-3883
Source: PR Newswire (October 26, 2010 - 8:30 AM EDT)
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Vicor Technologies Receives Institutional Review Board Approval for Study to Assess Concussion in NCAA Athletes Using Its PD2i Analyzer(TM)
Vicor Technologies Receives Institutional Review Board Approval for Study to Assess Concussion in NCAA Athletes Using Its PD2i Analyzer(TM)
Oct. 26, 2010 (Marketwire) --
BOCA RATON, FL -- (Marketwire) -- 10/26/10 -- David H. Fater, CEO of Vicor Technologies, Inc. (OTCBB: VCRT), today announced that the Company has received approval from the Institutional Review Board (IRB) at the University of Mississippi Medical Center for a study to assess concussions in competitive athletes using its PD2i Analyzer™. The study will be conducted in collaboration with the University of Mississippi Medical Center (UMMC) and Belhaven University. Vicor Technologies is a biotechnology company focused on the development of innovative, non-invasive medical devices using its patented, proprietary PD2i® nonlinear algorithm and software. Vicor is currently in the process of commercializing diagnostics that accurately risk stratify specific target populations for future pathological events, including congestive heart failure patients for cardiac death resulting from arrhythmia or pump failure, diabetics for diabetic autonomic neuropathy (DAN), and trauma victims for imminent death absent immediate lifesaving intervention.
"We're pleased to have approval from UMMC's IRB permitting us to commence this important study of concussion status in competitive athletes -- a first for the PD2i Analyzer™. Being able to effectively assess the extent of a concussion and risk of follow-on pathological events in athletes will enable all involved in assessing the extent of harm incurred during competitive play to better determine player need for advanced care and/or player ability to continue to play unharmed. With this approval, we will begin enrolling patients for this important and exciting clinical research study with an NCAA school, which could lead to other similar studies in the future," stated Mr. Fater.
The IRB reviews research to ensure that the federal regulations for protecting human research participants outlined in UMMC policy, the Department of Health and Human Services (DHHS) regulations (45 CFR 46) and the Food and Drug Administration (FDA) regulations (21 CFR Parts 50 & 56), as well as other requirements, are met.
About Vicor Technologies, Inc.
Vicor Technologies is a biotechnology company creating innovative non-invasive diagnostics employing its patented, proprietary point correlation dimension algorithm (PD2i®). The PD2i® nonlinear algorithm is a deterministic, nonlinear measure of electrophysiological potentials that predicts future pathological events with a high degree of accuracy in target populations.
Vicor currently has three products employing the PD2i® nonlinear algorithm. The PD2i Analyzer™, which has FDA 510(k) marketing clearance, measures heart rate variability; physicians performing diagnostic tests with the PD2i Analyzer™ are able to receive reimbursement under existing CPT codes. The PD2i VS™ (Vital Sign), in clinical trials under a collaborative effort with the U.S. Army Institute for Surgical Research, risk stratifies combat and civilian trauma victims. The PD2i CA™ (Cardiac Analyzer), in multiple clinical trials, identifies patients at risk of cardiac death.
Vicor anticipates additional applications employing the PD2i® nonlinear algorithm to enable early detection and risk stratification for a variety of other disorders and diseases. Additional information is available at www.vicortech.com.
Disclaimer
The appearance of name-brand institutions, such as the University of Mississippi Medical Center Institutional Review Board, NCAA, and the U.S. Army Institute for Surgical Research, in this media release does not constitute endorsement by institutions of the information, products or services contained therein.
Caution Regarding Forward-Looking Statements
Forward-looking statements in this press release are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The following factors, among others, could cause our actual results to differ: our ability to successfully complete the normal range study for PD2i®values; our ability to generate revenues from the sale of the PD2i Analyzer™; our ability to obtain FDA approval of our 510(k) submission to secure a claim for the PD2i CA™(Cardiac Analyzer) for assessing patients undergoing tests for cardiovascular disease and our ability to obtain marketing clearance from the FDA for the PD2i VS™ (Vital Sign) for military and civilian applications; our ability to develop additional applications for the PD2i® algorithm; our ability to continue to receive financing sufficient to continue operations and complete critical clinical trials; our ability to continue as a going concern; our ability to successfully develop products based on our technologies; our ability to obtain and maintain adequate levels of third-party reimbursement for our products; the impact of competitive products and pricing; our ability to receive regulatory approval for our products; the ability of third-party contract research organizations to perform preclinical testing and clinical trials for our technologies; the ability of third-party manufacturers to manufacture our products; our ability to retain the services of our key personnel; our ability to market and sell our products successfully; our ability to protect our intellectual property; product liability; changes in federal income tax laws and regulations; general market conditions in the medical device and pharmaceutical industries; and other matters that are described in Vicor's Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and subsequent filings with the Securities and Exchange Commission. Forward-looking statements in this press release speak only as of the date of the press release, and we assume no obligation to update forward-looking statements or the reasons why actual results could differ.
Release 10-21
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CORPORATE CONTACT
David H. Fater
Vicor Technologies, Inc.
561.995.7313
dfater@vicortech.com
INVESTOR CONTACT
Richard Moyer
Cameron Associates
212.554.5466
richard@cameronassoc.com
MEDIA CONTACT
Robin Schoen
Robin Schoen Public Relations
215.504.2122
schoenpr@comcast.net
Source: Marketwire (October 26, 2010 - 8:30 AM EDT)
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Idle Media, Inc. Launches Backyard Buddies Facebook Game
Idle Media, Inc. Launches Backyard Buddies Facebook Game
Company's Second Social Media Gaming Application Taps Into a Market Estimated at More Than US$825 Million
Oct. 26, 2010 (Marketwire) --
LEESPORT, PA -- (Marketwire) -- 10/26/10 -- Idle Media, Inc. (OTCBB: IDLM) announced today that it has launched its first Facebook gaming application, 'Backyard Buddies.'
Backyard Buddies is a casual game where you take care of your virtual "backyard" and the animals in it. You buy food to lure animals to your yard. Once there, you feed them and play with them to keep them happy. You also clean and decorate your yard to keep the animals content. The happier an animal is, the more "goodies" it brings. Goodies can be sold for gold to buy more food, decorations, scenery etc. You can also clean your friends' yards and feed their animals as well.
"Backyard Buddies is our first social gaming application specifically for Facebook, which reports over 400 million active users worldwide," stated Mr. Marcus Frasier, President and CEO of Idle Media, Inc. "We learned quite a bit from the development of Prison Block, which was our first social gaming product, and integrates with Facebook. When we acquired the Backyard Buddies concept earlier this year, we immediately began putting our prior experience into practice."
The launch opens the door for Idle Media to expand its target audience via cross-platform marketing of its core products, and builds on the Company's social media and virtual goods strategies. Idle Media's "Freemium" gaming model incorporates free-to-play games with in-application purchases.
According to a recent report from Inside Network, the social media gaming and virtual goods market is expected to hit $1.6 billion in revenue in the U.S. this year. In the report, Justin Smith, founder of Inside Network, commented that, "... social gaming startups -- which didn't exist three years ago -- will account for about $835 million of that total."
Mr. Frasier added, "Although not brand new, this space is still in its infancy. Zynga, a private company which has attracted over $500M in funding, is the leader in social gaming. The company is only a little over 3 years old and is reportedly generating an estimated $1 million per day plus in revenue; the growth is just explosive. It's easy to see why we are so excited and are throwing our hat into the 'proverbial' ring."
"Social media is an extremely important component of our overall growth strategy. Hundreds of millions of people worldwide now use social media sites, and the revenue creation opportunities are still being conceived. We intend to leverage our existing user-base and core development strength to maximize the potential that has been created, not only on Facebook, but also across other networks such as MySpace, Twitter, etc. We'll be bringing our own, unique 'spin' to the space and we're confident that it will resonate with users."
About Idle Media, Inc.
Idle Media, Inc. is a publicly traded new media technology company that delivers cutting-edge content and online gaming through its wholly-owned operating companies, including: Dat Piff, a leading provider of online mixtapes and user-generated content; Chixrus, a tween-focused girl gaming site; Prison Block, a multi-player social game with over 50,000 users; Backyard Buddies, a casual game for designed for Facebook, and Tweetvibe, a site where users can purchase unique Twitter backgrounds.
Learn more about Idle Media, Inc. at: http://www.idlemedia.com. Follow Idle Media on Facebook and Twitter.
Information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify forward-looking statements. The forward-looking statements may include our future operations, financial condition and prospects and business strategies. These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this press release or in other documents including those filed with the SEC. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
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Contact:
Investor Relations
Mark Moline
760-208-1894
Email Contact
Source: Marketwire (October 26, 2010 - 8:30 AM EDT)
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TV Goods to Debut Cell Phone Assistant(TM)
TV Goods to Debut Cell Phone Assistant(TM)
Bluetooth Tracking Device for Cell Phones
Oct. 26, 2010 (Marketwire) --
CLEARWATER, FL -- (Marketwire) -- 10/26/10 -- TV Goods Holding Corp., ("TV Goods") a direct response marketing organization and wholly owned subsidiary of H & H Imports, Inc. (OTCBB: HNHI), announced the acquisition of exclusive global marketing rights to the Cell Phone Assistant™. The Cell Phone Assistant™ is a Bluetooth enabled tracking device for mobile phones and other wireless devices. Cell Phone Assistant™ is affixed to any key chain and wirelessly connects and keeps track of your device with Bluetooth enabled technology.
Kevin Harrington, Chairman of TV Goods, stated, "Over 180 million cell phones are lost each year. The Cell Phone Assistant will completely revolutionize the cell phone market."
The Cell Phone Assistant™ will work on Bluetooth enabled cell phones as well as any Bluetooth enabled device. It will emit a series of beeps and flash when a cell phone is left behind. The device will be offered in an array of colors.
TV Goods has produced an infomercial spot geared toward the consumer market aimed to drive retail sales to big box and other national and local retailers. To view a version of the spot, visit http://www.tvgoodsinc.com/videos.cfm.
About The Company:
H & H Imports, Inc. is the parent company of TV Goods Holding Corporation. TV Goods Holding Corporation is a direct response marketing company. We identify, develop and market consumer products for global distribution. TV Goods was established by Kevin Harrington, a pioneer and principal architect of the "infomercial" industry. Kevin Harrington is an original investor on the ABC show Shark Tank, which is owned by SONY Pictures and produced by reality TV mogul Mark Burnett. TV Goods management is responsible for over 500 infomercial spots accounting for over $4 billion in sales revenues. For more information go to www.TVGoodsInc.com.
Forward-Looking Statements:
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects," or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in developing, exploiting and protecting proprietary technologies, intense competition and additional risks factors as discussed in reports filed by the company with the Securities and Exchange Commission, which are available at http://www.sec.gov.
Investor Contact:
DC Consulting, LLC
407-792-3332
investorinfo@dcconsultingllc.com
Source: Marketwire (October 26, 2010 - 8:30 AM EDT)
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