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Sentry Technology Announces Milestone in New System Development
Sentry Technology Announces Milestone in New System Development
Oct. 25, 2010 (GlobeNewswire) --
RONKONKOMA, N.Y., Oct. 25, 2010 (GLOBE NEWSWIRE) -- Sentry Technology Corporation (Pink Sheets:SKVY) announced today, the successful development of a track prototype as part of an entirely new version of its SmartTrack™ traveling camera system. The track is smaller and lighter than the current design and will allow the camera carriage to travel along curves and around corners. SmartTrack™ has been sold primarily in big box retail and distribution centers where it is serving six of the world's ten largest retailers. The size and cost structure of the new track system is targeted toward a much larger market in food, drug and general merchandise stores. The electronics are in the design phase and will include features to augment the value of Sentry's OperationalVideo™ software as a service platform, for in-store product audits, as well as safety and security management. The system is expected to be released in the later part of the first quarter of 2011.
"We are excited by the new track prototype," said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. "Traveling around corners and features such as digital video will open a very large market for our new product. Over recent years we have proven the quality and reliability of our SmartTrack™ design with retailers around the world. The sale of the new system will benefit from relationships directly with leading retailers as well as our many distribution partners worldwide. In particular, some of our largest customers have expressed interest in growing the use of traveling video at a lower price point. We expect the new design will add significant new revenue opportunities in 2011 and beyond."
Sentry Technology Corporation designs, manufactures, sells and installs a complete line of Closed Circuit Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based Library Management systems as well as Radio Frequency (RF) and Electro-Magnetic (EM) EAS systems. Our CCTV product line features SentryVisionâ, SmartTrack™, a proprietary, patented traveling Surveillance System. Products are used by libraries to secure inventory and improve operating efficiency, by retailers to deter shoplifting and internal theft and by industrial and institutional customers to protect assets and people. More information can be found at www.sentrytechnology.com.
This press release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings.
CONTACT: Sentry Technology Corporation
Peter L. Murdoch, President & CEO
(631) 739-2100
Source: Globe Newswire (October 25, 2010 - 8:02 AM EDT)
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Immunitor Therapy is a Potential Breakthrough Against Tuberculosis
Immunitor Therapy is a Potential Breakthrough Against Tuberculosis
Oct. 25, 2010 (GlobeNewswire) --
VANCOUVER, Canada, Oct. 25, 2010 (GLOBE NEWSWIRE) -- Immune Network Ltd. (Pink Sheets:IMMFF) advises that a clinical trial of V5 Immunitor oral vaccine was published earlier this month demonstrating an unexpected powerful effect against tuberculosis, including multi-drug-resistant tuberculosis (MDR-TB) and tuberculosis that is complicated by co-infection with HIV and hepatitis C (HCV). As advised in a September 16, 2010 press release, the Company has entered into a letter of intent to acquire Immunitor oral vaccine technology and products, subject to several conditions including the Company completing its regulatory filings.
V5 Immunitor is an oral vaccine designed and shown to be clinically effective for managing chronic hepatitis B and hepatitis C. The anti-tuberculosis effect has been revealed during a routine clinical trial of V5 in patients with chronic hepatitis C who happened to have tuberculosis. Not only was V5 effective on various liver disease endpoints in 19/20 of the patients, but also, several clinical endpoints associated with TB co-infection improved significantly during the one-month trial leading to discharge of 17 of the 20 patients enrolled. These results were published in the October 2010 edition of Journal of Vaccines and Vaccination, and are available in full text online at http://www.omicsonline.org/2157-7560/2157-7560-1-103.php. An Immunitor press release is available online at http://www.prweb.com/releases/2010/10/prweb4647254.htm.
Immunitor is continuing its clinical work on V5 and other products and updates on progress and further trials will be given accordingly. Immune Network has commenced work toward full regulatory compliance in Canada and USA so that the acquisition of Immunitor may proceed as planned.
Further information is available on the web for Immune Network Ltd. (www.immune-network.com) and for Immunitor (www.immunitor.com).
The Immune Network Ltd logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8008
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
CONTACT: Immune Network Ltd.
immff@yahoo.com
Source: Globe Newswire (October 25, 2010 - 7:29 AM EDT)
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Universal Bioenergy Announces it Has Signed an Agreement for the Acquisition of Roblex
Universal Bioenergy Announces it Has Signed an Agreement for the Acquisition of Roblex
Oct. 25, 2010 (GlobeNewswire) --
IRVINE, Calf., Oct. 25, 2010 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), an alternative energy company, announced today that it is has signed a definitive agreement for the acquisition of Roblex Aviation Inc., for a purchase price of $10.4 million, as part of its continuing plans for growth, and to generate new revenue streams. The Company is also planning more acquisitions and projects in the green technology industry. Formal notification of the transaction has been filed with the Securities and Exchange Commission.
Universal's President, Vince Guest states, "We're very excited about signing the agreement for the acquisition of Roblex, after seven months of intense negotiations. Roblex is a 13 year old, profitable company, and has a solid industry reputation. The acquisition of Roblex will allow us to ship green energy technology products to the Caribbean region, potentially double its size, and create more jobs. We're continuing our quest to grow a strong company, as can be seen from our sales of $13.9 million in the second quarter. We began a strategy this year to acquire new companies, extend our geographic reach, and optimize our shareholders value. We feel this should take us to a whole new level, and have a very positive impact on our company."
"This is really great news for our shareholders. This represents another major milestone for Universal's future. First we acquired NDR Energy Group in April of this year, and now we're acquiring Roblex, as part of our strategy to grow by mergers and acquisitions. We believe, but cannot guarantee, our acquisition of Roblex, with its 42 employees, coupled with our new plans for its expansion, should generate millions of dollars in additional revenue and more profit for Universal annually. After reviewing a number of strategic targets, we feel this acquisition is in the best interests of our shareholders, in terms of greater revenues, profits, assets, and increased market value of our company. We know our shareholders want a good return, and we believe this will significantly increase the value of their investment", says Universal's Sr. V.P., Solomon Ali.
About Universal Bioenergy
Universal Bioenergy Inc. is an alternative energy company, that markets natural gas and green alternative energy, and is expanding into solar, biofuels, wind, synthetic fuels and related clean energy technology products. It plans to build the company into a prominent player in alternative energy.
The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784
About Roblex Aviation
Roblex is a FAA registered, first class air cargo company, located in San Juan Puerto Rico, serving the Caribbean market. Roblex's flies out of San Juan International Airport, with primary routes to the Dominican Republic, and the U.S. and British Virgin Islands. Roblex's blue chip customers and clients include the United States Postal Service, Amerijet, and Delta Cargo, and United Parcel Service.
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
CONTACT: Universal Bioenergy Inc.
Media Relations
Nicole Singletary
888-263-2009
Source: Globe Newswire (October 25, 2010 - 7:15 AM EDT)
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TVI Initiates Balabag Scoping Study and Expands Gold Project Drill Program
TVI Initiates Balabag Scoping Study and Expands Gold Project Drill Program
Oct. 25, 2010 (Marketwire) --
CALGARY, ALBERTA -- (Marketwire) -- 10/25/10 -- TVI Pacific Inc. (TSX: TVI)(OTCQX: TVIPF) ("TVI" or "the Company") today announced that its Philippine operating affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD"), has initiated an internal scoping study(1) for "Bootstrap" mine development and is expanding the drilling program at the Balabag epithermal gold project.
-- Recent assay results from the initial 30 hole Phase 1 drill program,
completed in late July 2010, support continued drilling at Balabag to
further define the resources.
-- Based on these results, TVI has launched an internal scoping study(1)
and expects to come to a decision regarding a "Bootstrap" mine
development plan by Q1, 2011. Under the "Bootstrap", or phased
development concept, an initial "starter" plant would be constructed,
drawing ore feed from the core area, with the plant and mine being
expanded in stages from internal cash flow, to the extent that the
resource supports. The intent of the scoping study(1) is to evaluate the
engineering, the environmental and social requirements, the financial
viability and the overall feasibility of the starter operation.
-- Drilling under Phase 2 has been extended to approximately 55 new holes
(11 of which have been drilled since the initiation of Phase 2 in late
July). As the resource evaluation continues, more drill holes may be
required to support the scoping study(1) and development evaluation.
-- The Phase 2 program includes further infill drilling in the core area of
Tinago, where the initial 30 hole drill program was concentrated, and
step out drill holes in the downdip mineralized zones identified in
Phase 1. Phase 2 also includes infill drilling at Miswi and infill and
extension drilling at Lalab.
(1) The intent of the internal scoping study referred to in this press
release is to evaluate the feasibility of a "Bootstrap" operation
at Balabag and to make a development decision. An earlier study
was completed ("Scoping Study of the Balabag Project" filed August
20, 2008, prepared by Genivar Limited Partnership) which evaluated
a full-scale operation.
Click here to view the Balabag Gold-Silver Project Drillhole Location Map
Program Going Forward
Environmental and Social Baseline Studies: The Company intends to accelerate the environmental and social baseline studies required to provide program and cost data for the scoping study and is preparing for subsequent regulatory approval applications. A substantial amount of work has already been done in this regard.
Tinago Vein System: About 20 new infill holes are planned to be drilled in the core area identified in Phase 1 in support of the scoping study. In addition, more than 20 step out holes are planned to test mineralization extension downdip.
Miswi and Lalab: At Miswi 10 infill holes are planned to reduce the spacing used in the resource evaluation (8 of which have been drilled since the initiation of Phase 2 in late July and 2 are in progress); and at Lalab, 2 step out holes are planned to test for an extension of the vein (1 has been completed and 1 is in progress). Assay results are pending.
TVI plans to update the 43-101 report in Q2, 2011, after receiving drilling results from the Phase 2 program which will allow an updated resource estimation, and after receiving scoping study results.
Cesar Medina, Exploration Manager of TVIRD, is acting as the Qualified Person in compliance with NI 43-101 reporting requirements with respect to this news release by virtue of Mr. Medina's membership of the Australasian Institute of Mining and Metallurgy (AusIMM) and the reciprocity rules covered under ROPO (Recognised Overseas Professional Organisations). He has prepared and or supervised the preparation of the scientific or technical information within this press release. TVIRD's exploration programs are designed and conducted under the supervision of Mr. Medina.
ALS Chemex (Brisbane, Australia) conducted third party check assays of TVIRD drill samples.
(i) A Scoping Study was completed on the Balabag Gold Project in 2007. This study was based on a full-scale development concept. The new Scoping Study being undertaken at Balabag currently is based on a "bootstrap" development concept.
About TVI Pacific Inc. (TSX: TVI)(OTCQX: TVIPF)
TVI Pacific Inc. is a publicly-traded copper producer focused on the production, development, exploration and acquisition of precious and base metal mining deposits in the Philippines. The Company's interest in the Canatuan Mine and its other Philippine assets are held through its affiliate, TVI Resource Development (Phils.), Inc.
Additional information regarding the Balabag indicated and inferred resources is available in the technical report titled, "43-101 Technical Report for the Mineral Resources at the Balabag Project of TVI Pacific Inc." filed August 9, 2007, and prepared by P.J. Lafleur Geo-Conseil Inc. Additional information regarding the Balabag scoping study is available in the technical report titled, "Scoping Study of the Balabag Project" filed August 20, 2008, and prepared by Genivar Limited Partnership. Both reports are available under TVI's profile on the SEDAR website at www.sedar.com.
Quality Assurance and Quality Control:
-- Analyses of Balabag drill core samples were completed by TVI's Canatuan
Mine laboratory. The following methods were used for the analyses:
-- For Au: 30 gm charge fire assay with ICP-OES finish,
-- For Ag, Al, As, Au, B, Ba, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K,
La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Se, Tl, Sr, Th, Ti, U, V,
W, Zn: 0.5gm Acid Digest ICP-OES analysis.
-- Strict QA/QC procedures are implemented in core handling and sampling at
Balabag. There are 3 types of QA/QC samples randomly included in a ratio
of 1:9 samples into the sample stream. These are:
-- Third party purchased certified reference materials of varying gold
assay values,
-- Duplicates,
-- Blank samples.
-- The QA/QC samples are strictly monitored and if the control parameters
pertaining to each of the individual QA/QC sample types are not
satisfied, the entire batch is re-assayed.
-- ALS Chemex, Brisbane, Australia analyzed approximately 13% of the total
2010 Balabag drill core samples being reported in this News Release.
These check samples, composed of coarse splits and pulverized pulps from
Balabag drill cores, were randomly selected by the resource consultant.
IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", "schedule" and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information received from or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from or disseminated by third parties is reliable, it can give no assurance that those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materially from those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things as the volatility of prices for precious metals and base metals; commodity supply and demand; fluctuations in currency and interest rates; inherent risks associated with the exploration and development of mining properties; ultimate recoverability of mineral reserves; timing, results and costs of exploration and development activities; availability of financial resources or third-party financing; new laws (domestic or foreign); changes in administrative practices; changes in exploration plans or budgets; and availability of equipment and personnel. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this News Release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.
Forward-looking information respecting the nature and timing of the exploration program at Balabag and the Company's ability to define additional resources and reserves is based upon the previous exploration activities at Balabag, management's experiences with other exploration work programs undertaken in the Philippines and elsewhere, advice received from third-party advisors with respect to the various components of the exploration work program and the Company's current budget and overall strategy for Balabag, which plans, budget and strategy are all subject to change. Forward-looking information respecting the timing and nature of planned feasibility reports and work (including the resource table, consultant's report and resource estimate, and scoping study) at Balabag is based upon the exploration activities at Balabag, management's experiences with other feasibility work programs undertaken in the Philippines and elsewhere, advice received from third-party advisors with respect to various components of the feasibility work program and the Company's current budget and overall strategy for Balabag, which plans, budget and strategy are all subject to change. Forward-looking information concerning the nature and timing of development activities at Balabag (in the event a production decision is reached by the Company in respect of the project) is based upon management's experiences with other construction projects in the Philippines and elsewhere, advice received from third-party advisors with respect to the timing of various components of the construction project, and the Company's current budget and overall strategy for Balabag, which plans, budget and strategy are all subject to change. The forward-looking statements of the Company contained in this News Release are expressly qualified, in their entirety, by this cautionary statement. Various risks to which the Company and its affiliates are exposed in the conduct of their business (including mining activities) are described in detail in the Company's Annual Information Form for the year ended December 31, 2009, which was filed on SEDAR on March 25, 2010, and is available under the Company's profile at www.SEDAR.com.
Subject to applicable securities laws, the Company does not undertake any obligation to publicly revise the forward-looking statements included in this News Release to reflect subsequent events or circumstances.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
Contacts:
TVI Pacific Inc.
Rhonda Bennetto
Executive Director Investor Communications
403.265.4356
rhonda.bennetto@tvipacific.com
TVI Pacific Inc.
Ian McColl
Investor Relations Analyst
403.265.4356
ian.mccoll@tvipacific.com
TVI Pacific Inc.
Connect With Us www.tvipacific.com
Follow us on Twitter www.twitter.com/tvipacific
Be a Fan at www.facebook.com/tvipacific
Source: Marketwire (October 25, 2010 - 7:01 AM EDT)
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Leeward Group Holdings, Inc. Publishes Its CEO Interview Video
Leeward Group Holdings, Inc. Publishes Its CEO Interview Video
Oct. 25, 2010 (Marketwire) --
PENNINGTON, NJ -- (Marketwire) -- 10/25/10 -- Leeward Group Holdings, Inc. (OTCQB: PCPZ) (PINKSHEETS: PCPZ) is pleased to announce today that IAB Media, Inc. has produced and published a CEO interview video on behalf of the Company. The video can be seen on our website at www.leewardgroup.com.
"We wanted a video that would provide our shareholders with an understanding of our industry and business model. We realize how video has become an instrumental means to communicate a company's message. I am very pleased with the results," stated Leeward Group's CEO Kevin Coughlin.
Leeward Group Holdings Inc. through its wholly owned subsidiaries operates a full-service insurance agency and consulting firm serving businesses and individuals throughout the Northeastern United States.
The Company is based in Pennington, New Jersey and it has five retail locations. Three of the locations are in New England while the other two are in the Mid-Atlantic. With licenses in all 50 States, the Company offers Property & Casualty, Life & Health and specialty insurance programs for business, individuals, associations and groups throughout the United States.
Forward-looking statements:
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to: that our CEO interview video will provide shareholders with an understanding of our industry and business model, or that it will be an effective means to communicate our company's message. The user should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. The risk factors listed in our disclosure documents provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by the Company in its forward-looking statements. Actual results relating to, among other things, reserves, results of exploration, capital costs and production costs could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: changes in anticipated acquisition and operating costs; changes in economic conditions and conditions in the insurance industry and other financial markets; changes in the interest rates on borrowings; hedging activities; changes in the prices for services that the Company provides; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which the Company operates; technological, mechanical and operational difficulties encountered in connection with the Company's activities; and labour relation matters and costs. The user should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by the Company from time to time with the Securities and Exchange Commission and other regulatory authorities.
Leeward Group, Inc.
A wholly owned subsidiary of
Principle Security International, Inc.
(609) 216-7957
investorrelations@leewardgroup.com
http://www.leewardgroup.com
Source: Marketwire (October 25, 2010 - 6:30 AM EDT)
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Goldrea Resources Corp.: Shares for Debt
Goldrea Resources Corp.: Shares for Debt
VANCOUVER, BRITISH COLUMBIA, Oct. 25, 2010 (Marketwire) -- Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") is pleased to announce that further to its news release of September 3, 2010, the Company has issued to China Finance Gold International Limited 1,450,898 shares in the Company at a deemed price of $0.15 per share to settle the outstanding debt for $217,634.69 pursuant to shares for debt arrangement.
On October 21, 2010 the Company received approval from the TSX Venture Exchange to issue the shares and the debt is now extinguished.
About Goldrea Resources Corp.:
Goldrea Resources Corp. is a mineral exploration and development company that is engaged in the acquisition, exploration and development of mineral properties in North American and China.
GOLDREA RESOURCES CORP.
Larry W. Reaugh, President and Chief Executive Officer
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Goldrea Resources Corp. President and Chief Executive Officer 604-531-9639 604-531-9634 (FAX) info@goldrea.com www.goldrea.com
Source: Marketwire Canada (October 25, 2010 - 6:01 AM EDT)
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NiMin Energy Doubles Production in Wyoming and Continues Progress in California
NiMin Energy Doubles Production in Wyoming and Continues Progress in California
Oct. 25, 2010 (Marketwire) --
CARPINTERIA, CALIFORNIA -- (Marketwire) -- 10/25/10 -- NiMin Energy Corp. (TSX: NNN)(OTCQX: NEYYF) ("NiMin" or the "Company") today announced continued success and production growth in Wyoming, and commercial progress in California.
-- NiMin's Wyoming production has doubled in 2010 from 320 barrels of oil
per day ("bopd") to over 650 bopd.
-- The Company expects to complete ten additional operations in Wyoming
before year-end to further increase production, including new drilling,
fracture stimulation, polymer treatments and recompletions.
-- The Company is proceeding with the next phase of development at the
Pleito Creek Field in California in order to increase production and
reduce operating costs.
-- NiMin's current production is in excess of 1,000 bopd, a greater than
40% increase in production since the beginning of the year.
Wyoming
Through drilling activity at the Ferguson Ranch Field and workover activity at the Willow Draw Field, the Company has increased oil production from 320 bopd at the beginning of 2010 to over 650 bopd currently. This increase is a result of drilling and completing four new wells and one polymer treatment. For the remainder of the year, plans include the drilling of four additional wells, completion of two recently drilled wells, two polymer treatments and reactivation of two shut-in wells.
California
At the Pleito Creek Field, the Company's proprietary Combined Miscible Drive ("CMD") process continues to deliver month over month production growth. Current production is 260 bopd or 100 bopd above the natural decline of the field. Based on these results, NiMin plans to move from the initial phase to commercial implementation of the CMD process at the Pleito Creek Field. The next phase will include installation of permanent onsite oxygen generation, reactivation of shut-in wells and new drilling. These activities will take place in 2011 and are expected to both increase production and reduce operating expenses.
Management Comments
"Our operating results in Wyoming have delivered significant production growth, and our inventory of planned activities is expected to continue adding new production," said Clancy Cottman, Chairman and CEO. Mr. Cottman continued, "Based on the technical and commercial results of our CMD process at the Pleito Creek Field, we are planning further development that will increase production and reduce operating costs."
For more detailed information, please see the presentation available on NiMin's website at www.niminenergy.com.
About NiMin Energy Corp.
NiMin is an Alberta, Canada-incorporated, California-based independent oil and gas exploitation and production company. Principal operations are located in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and onshore South Louisiana. The Company has over 27 million barrels of oil equivalent ("boe") of proved and probable reserves, 97% of which are oil in California and Wyoming.
Forward- Looking Statement
A boe conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency for the individual products at the wellhead. Such disclosure of boe's may be misleading, particularly if used in isolation.
This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws, including the drilling program to be commenced by NiMin on the acquired fields, production estimates and expectations, and the viability of NiMin's drilling program. Although NiMin believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based upon currently available information to NiMin. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in forward-looking statements. Risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in more detail in our Annual Information Form and other documents available at www.sedar.com.
Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release, and, except as required by applicable law, NiMin does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. NiMin undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the NiMin, Legacy or their respective financial or operating results or, as applicable, their securities. The net present value of future net revenue attributable to NiMin's reserves does not represent fair market value.
Contacts:
NiMin Energy Corp.
Jonathan Wimbish, CFA
Chief Financial Officer
+1 (805) 566-2900
jwimbish@niminenergy.com
www.niminenergy.com
EnergyIR
Brad Holmes
+1 (713) 654-4009
B_holmes@att.net
Source: Marketwire (October 25, 2010 - 6:00 AM EDT)
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TIE Technologies to be Featured on StockGoodies.com Radio
TIE Technologies to be Featured on StockGoodies.com Radio
Graham Mew TIE EVP Interview Tonight on StockGoodies.com Radio
Oct. 25, 2010 (GlobeNewswire) --
NEW YORK, Oct. 25, 2010 (GLOBE NEWSWIRE) -- TIE Technologies, Inc. (Pink Sheets:TTCS), is a diversified holding company who operates a portfolio of Homeland Security assets focused on natural and man caused disaster intervention, driven by proprietary smart logistics, telemetrics and advanced IT solutions, announced today that EVP Graham Mew will be the featured guest interview on the fastest growing Stock Trading community, StockGoodies.com Radio. The interview will be held on Oct. 25, 2010, at 8:00 p.m. EDT.
The interview can be heard at http://www.blogtalkradio.com/stockgoodies. The archived version can be found on the homepage of www.StockGoodies.com.
TIE Technologies has also recently been in the news for its progress with their Smart Environmental Logistics Company's innovative work, and with their acquisitions; including Making Ideas Work, Inc. and the Whirlwind Media Services new European Initiative.
ABOUT STOCKGOODIES.COM
StockGoodies is a leading publisher of news, perspective, and marketing intelligence on all forms of equity trading: pennies, micro-cap, mid and large cap and options. The company's vision is to empower self-directed investors by narrowing the gap between individual traders and professionals.
ABOUT TIE TECHNOLOGIES, INC.
TIE Technologies is a diversified holding company, focused within specialized science and technology driven market sectors. TIE management and its advisory team bring specialized skills and resources to the generation and selection of acquisition opportunities. TIE Technologies is traded on Pink Sheets under the symbol "TTCS." For additional information, please visit www.tietechnologies.com.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
CONTACT: TIE Technologies, Inc.
Investor Relations Contact
212-334-3020
investor.relations@tietechnologies.com
StockGoodies Radio
Cheri Kennedy
407-397-3318
Source: Globe Newswire (October 25, 2010 - 1:00 AM EDT)
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Quantum Receives Final TSXV Acceptance for Acquisition of Elk Creek and Increases Private Placement
Quantum Receives Final TSXV Acceptance for Acquisition of Elk Creek and Increases Private Placement
VANCOUVER, BRITISH COLUMBIA, Oct. 25, 2010 (Marketwire) -- Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(PINK SHEETS:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") announces that further to its news release of May 4, 2010, it has received final acceptance from the TSX Venture Exchange, subject only to the completion of the private placements described below, for the acquisition of all the issued and outstanding shares of 0859404 B.C. Ltd. ("B.C. Ltd.") a private British Columbia company. BC Ltd.'s wholly owned Nebraskan subsidiary Elk Creek Resources Corp. has secured individual Exploration Lease and Option to Purchase agreements to explore, evaluate and acquire the mineral rights to the Elk Creek carbonatite, located in southeastern Nebraska. The agreements are in the form of five prepaid leases, with an option to purchase the mineral rights at the end of the lease. The acquisition will be completed by way of a three cornered amalgamation between the Company, it's wholly owned subsidiary 08886338 B.C. Ltd. and B.C. Ltd. pursuant to which the Company will issue 18,990,539 shares to the shareholders of B.C.Ltd. On closing of the amalgamation, the Company will pay a finder's fee of 1,034,348 common shares to Lockwood Financial Ltd. of Calgary, Alberta.
Quantum is also pleased to announce that further to its news releases dated September 21, and October 13, 2010, due to significant demand and market pricing, it has agreed with MGI Securities Inc. (the "Agent") to increase the size of its private placements to $6,500,000 (the "Offering"), of which $2,500,000 will be from the sale of flow-through units and $4,000,000 from the sale of 2 sets of non flow-through units. The Offering is comprised of up to 8,333,333 flow-through units at $0.30 per flow-through unit; 8,000,000 non flow-through units at $0.25 per unit; and 6,451,613 non flow-through units at $0.31 per unit.
The terms of each unit offering are as follows:
Each Flow-Through Unit will consist of one flow-through share (a "Flow-Through Share") which qualifies as a "flow-through share" for tax purposes of the Income Tax Act (Canada), and one-half of one common share purchase warrant (a "FT Warrant"). Each full FT Warrant will entitle the holder thereof to purchase one additional non flow-through common share in the capital of the Company at an exercise price of $0.40 per common share for a period of 36 months from the Closing Date of the Offering.
Each $0.25 non flow through Unit will consist of one common share and one-half of one common share purchase warrant (a "$0.35 NFT Warrant"). Each full $0.35 NFT Warrant shall be exercisable into one common share at an exercise price of $0.35 per common share for a period of 36 months from the Closing Date. Each $0.31 non flow through Unit will consist of one common share and one-half of one common share purchase warrant (a "$0.41 NFT Warrant"). Each full $0.41 NFT Warrant shall be exercisable into one common share at an exercise price of $0.41 per common share for a period of 36 months from the Closing Date.
The Offering, while currently fully committed to, is anticipated to close on or before October 28, 2010. The private placements are subject to the approval of the TSX Venture Exchange.
On Behalf of the Board,
Peter Dickie, President
"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."
Quantum Rare Earth Developments Corp. President and CEO (604) 669-9330 begin_of_the_skype_highlighting (604) 669-9330 end_of_the_skype_highlighting (604) 669-9335 (FAX) www.quantumrareearth.com
Source: Marketwire Canada (October 25, 2010 - 12:30 AM EDT)
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Kentucky Energy Announces Oil and Gas Exploration Opportunity
Kentucky Energy Announces Oil and Gas Exploration Opportunity
Oct. 19, 2010 (GlobeNewswire) --
PATERSON, N.J., Oct. 19, 2010 (GLOBE NEWSWIRE) -- Kentucky Energy, Inc. (Pink Sheets:QMIN) (Kentucky Energy), a Kentucky based operator of energy and mineral related properties, today announced that the Company has identified its first two drilling locations in the Rockcastle County, Kentucky lease.
Kentucky Energy has determined, in conjunction with its field operator, United States Energy, that the first well will be drilled on the Ricky Bullock Lease. United States Energy has completed the engineering survey maps required to be filed as a prerequisite to obtain drilling permits authorized by the Oil and Gas Division of the Kentucky Department of Mines and Minerals.
Four survey plats have been prepared for the 3,000 acre lease where the Company plans to explore for oil and natural gas within the Knox Formation. The primary target horizon is at the 2700 feet level.
Eugene Chiaramonte, Jr., President of Kentucky Energy, stated, "We are pleased to have the opportunity to diversify our Company's revenue streams. We believe oil and gas exploration enhances our ability to improve shareholder value."
About Kentucky Energy, Inc.: Kentucky Energy, Inc. acquires and operates energy and mineral related properties in the southeastern part of the United States. The Company focuses its efforts on properties that produce quality compliance blend coal. For more information on Kentucky Energy, Inc., please visit our website: KentuckyEnergyInc.com.
Forward Looking Statement: This press release contains items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Kentucky Energy, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue-producing operations, lack of working capital, debt obligations, judgment and lien claims against Kentucky Energy, Inc. and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil and gas, and other energy prices, general economic conditions in markets in which Kentucky Energy, Inc. does business, extensive environmental and stock and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Kentucky Energy, Inc.
Eugene Chiaramonte, Jr.
973-684-0035 begin_of_the_skype_highlighting 973-684-0035 end_of_the_skype_highlighting
www.kentuckyenergyinc.com
Source: Globe Newswire (October 19, 2010 - 6:31 AM EDT)
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Ideal Financial Solutions Becomes SEC Reporting Company
Ideal Financial Solutions Becomes SEC Reporting Company
Oct. 19, 2010 (GlobeNewswire) --
LAS VEGAS, Oct. 19, 2010 (GLOBE NEWSWIRE) -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL), a creator of various financial products and services for businesses and individuals, is pleased to report that its Form 10 registration statement filed with the Securities and Exchange Commission (SEC) became effective on October 18, 2010. As a result of the effectiveness of the Form 10, Ideal Financial Solutions meets the requirements for trading on the Over-the-Counter Bulletin Board (OTCBB) and would expect to begin trading on the OTCBB in the near future.
"We're extremely pleased to officially become a fully reporting company and look forward to trading on the OTCBB," stated Steve Sunyich, President, Ideal Financial Solutions. "It's a tremendous achievement for our team and our shareholders, and we thank everyone who endured the wait. We continue to strive to be as transparent as possible and to report our successes to the market."
Ideal Financial CFO, Ben Larsen added, "After a considerable effort and a few delays, I am very pleased that we have reached this major milestone. We are committed to maintain the momentum by growing our customer base, cutting costs, and improving shareholder value."
About Ideal Financial Solutions
Ideal Financial Solutions (www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in debt relief services, Ideal uses its automated CashFlow Management© tools (www.myifs.com) and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence. To view more information on Ideal's new humanitarian program soon to be launched, please visit www.idealgoodness.com. To view a short video demo of our services go to:
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SYMB Last %Chg Volume
FNMA 0.43 13.5% 53,568,836
ABK 0.92 -12.4% 48,349,680
BGOI 0.0018 38.5% 43,055,928
PIP 4 25.4% 41,845,952
TSTR 0.15 -62.5% 24,518,230
Penny Stocks (Most Active)
SYMB Last %Chg Volume
BZCN 0.0009 0.0% 189,638,500
FNMA 0.43 13.5% 53,811,700
IDOI 0.0016 0.0% 50,092,300
LFBG 0.003 -14.3% 48,460,600
BGOI 0.0018 38.5% 44,173,100
USOG 0.0065 -15.6% 40,261,500
BEHL 0.0007 0.0% 32,335,800
SDVI 0.0012 -36.8% 29,378,200
GOIG 0.0055 17.0% 28,748,600
VCTY 0.006 9.1% 22,680,100
NBVG 0.0013 18.2% 22,555,600
Genmab Announces Update on Zalutumumab
Genmab Announces Update on Zalutumumab
Oct. 18, 2010 (GlobeNewswire) --
COPENHAGEN, Denmark, Oct. 18, 2010 (GLOBE NEWSWIRE) -- Summary: Genmab provides an update on the potential regulatory pathway for zalutumumab.
Genmab has received preliminary feedback from selected national European regulatory authorities and FDA on zalutumumab
Genmab believes a MAA for zalutumumab in second line head and neck cancer could be pursued based on available clinical data
Additional clinical study data would be required prior to a US regulatory submission
Genmab A/S (Copenhagen:GEN) announced today an update on the potential regulatory pathway for zalutumumab following preliminary, non-binding discussions with a number of selected national European regulatory authorities and the FDA. Based on overall feedback from regulatory authorities in Europe, Genmab believes a Marketing Authorization Application(MAA) for zalutumumab could be pursued based on the data from the Phase III study in patients with recurrent or metastatic squamous cell carcinoma of the head and neck (SCCHN) who failed standard platinum-based therapy, reported earlier this year. Additional clinical study data would, however, be required prior to submitting a regulatory application in the US.
"Our discussions with the regulatory authorities have been very productive and we are encouraged by the overall feedback we have received," said Prof. Jan vande Winkel, Ph.D., Chief Executive Officer of Genmab. "We are advancing our partnership discussions in earnest and feel confident that our potential future development partner would be able to move forward with a European regulatory filing for zalutumumab."
About Genmab A/S
Genmab is a leading international biotechnology company focused on developing fully human antibody therapeutics for the potential treatment of cancer. Genmab's world class discovery and development teams are using cutting-edge technology to create and develop products to address unmet medical needs. Our primary goal is to improve the lives of patients who are in urgent need of new treatment options. For more information on Genmab's products and technology, visit www.genmab.com.
This Stock Exchange Release contains forward looking statements. The words "believe", "expect", "anticipate", "intend" and "plan" and similar expressions identify forward looking statements. Actual results or performance may differ materially from any future results or performance expressed or implied by such statements. The important factors that could cause our actual results or performance to differ materially include, among others, risks associated with product discovery and development, uncertainties related to the outcome and conduct of clinical trials including unforeseen safety issues, uncertainties related to product manufacturing, the lack of market acceptance of our products,our inability to manage growth, the competitive environment in relation to our business area and markets, our inability to attract and retain suitably qualified personnel, the unenforceability or lack of protection of our patents and proprietary rights, our relationships with affiliated entities, changes and developments in technology which may render our products obsolete, and other factors. For a further discussion of these risks, please refer to the section "Risk Management" in Genmab's Annual Report, which is available on www.genmab.com. Genmab does not undertake any obligation to update or revise forward looking statements in this Stock Exchange Release nor to confirm such statements in relation to actual results, unless required by law.
Genmab(R); the Y-shaped Genmab logo(R); HuMax(R); HuMax-CD20(R); HuMax-EGFr(TM); HuMax-IL8(TM); HuMax-TAC(TM); HuMax-HepC(TM); HuMax-CD38(TM); HuMax-TF(TM); HuMax-Her2(TM); HuMax-Wnt(TM); HuMax-cMet(TM) and UniBody(R) are all trademarks of Genmab A/S. Arzerra(R) is a trademark of GlaxoSmithKline.
Stock Exchange Release no. 40/2010
CONTACT: Genmab
Helle Husted, Vice President, Investor Relations
+45 33 44 77 30 begin_of_the_skype_highlighting +45 33 44 77 30 end_of_the_skype_highlighting
M: +45 25 27 47 13 begin_of_the_skype_highlighting +45 25 27 47 13 end_of_the_skype_highlighting
h.husted@genmab.com
Source: Globe Newswire (October 18, 2010 - 2:47 AM EDT)
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Stora Enso's Nomination Board Appointed
Stora Enso's Nomination Board Appointed
Oct. 18, 2010 (GlobeNewswire) --
HELSINKI, Finland, Oct. 18, 2010 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 18 October 2010 at 9.00 EET
Stora Enso's Annual General Meeting (AGM) on 31 March 2010 decided to appoint a Nomination Board to prepare proposals concerning (a) the number of members of the Board of Directors, (b) the members of the Board of Directors, (c) the remuneration for the Chairman, Vice Chairman and members of the Board of Directors and (d) the remuneration for the Chairman and members of the committees of the Board of Directors. The Nomination Board shall consist of four members: the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors and two members appointed by the two largest shareholders (one each) according to the register of shareholders on 30 September 2010.
Stora Enso's Nomination Board has now been appointed. The composition of the Nomination Board is as follows: Gunnar Brock (Chairman of the Board of Directors), Juha Rantanen (Vice Chairman of the Board of Directors), Marcus Wallenberg (appointed by shareholder Foundation Asset Management) and Keijo Suila (appointed by shareholder Solidium). Keijo Suila is the Chairman of the Nomination Board.
For further information, please contact:
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.
STORA ENSO OYJ
Source: Globe Newswire (October 18, 2010 - 2:13 AM EDT)
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