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Trycera Financial Appoints Industry Leader, Michael G. Nathans, as President of Credit Services
Sep. 23, 2010 (Marketwire) --
IRVINE, CA -- (Marketwire) -- 09/23/10 -- Trycera Financial, Inc. (OTCBB: TRYF), a diversified financial services company, today announced that it has appointed alternative credit industry leader, Michael G. Nathans, as President of its Credit Services Division.
Mr. Nathans is widely known in the credit reporting industry and asset-building community as the founder, former Chairman and CEO of Pay Rent, Build Credit, Inc. (PRBC). Five years prior to launching PRBC, Mr. Nathans was a senior manager with PricewaterhouseCoopers in the Washington, DC-based Asset Securitization and Housing Finance Group. As a recognized expert in the credit reporting industry, Mr. Nathans serves as a Senior Fellow and Advisory Board Member at the Policy and Economic Research Council (PERC), a non-profit organization dedicated to finding information solutions for economic development challenges worldwide.
"Joining Trycera Financial represents a wonderful opportunity to help an estimated 120 million under-banked and credit under-served individuals build assets and secure their financial futures in these challenging economic conditions, by getting the credit they deserve for paying traditional but un-reported bills on time," said Mr. Nathans.
Ray Smith, the President and CEO of Trycera Financial, stated: "I have known and admired Michael Nathans for his innovation, thought leadership and development of alternative credit reporting and risk management approaches since he launched Pay Rent, Build Credit, Inc. (PRBC). It is a privilege to have him join Trycera Financial, and to gain the benefit of his expertise and guidance as we expand our customer base and build our credit services division."
ABOUT TRYCERA FINANCIAL, INC.
Trycera Financial, Inc. is a financial services company specializing in the delivery of prepaid card programs, prepaid card program management, alternative credit products and bill payment reporting. The Company also markets a diverse suite of personal financial management solutions and pay as you go services that allow consumers the ability to have recurring and non-traditional payment information such as rent, utilities, insurance and wireless phone service payments reported to national credit reporting agencies. For more information, please visit the Company's web site at www.trycera.com.
FORWARD-LOOKING STATEMENTS
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: with the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.
INVESTOR / PRESS / MEDIA CONTACT:
JPA Capital
Investor Relations
Email: Email Contact
Source: Marketwire (September 23, 2010 - 12:41 PM EDT)
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ConvergeOne Announces Letter of Intent to Purchase Juma Technology
Acquisition Would Expand NACR Northeast Region and Expert Resources
Sep. 23, 2010 (PR Newswire) --
EAGAN, Minn., Sept. 23 /PRNewswire/ -- ConvergeOne, LLC, one of the largest independent Value Added Solutions Providers (VASPs) in the United States, has signed a Letter of Intent to purchase the systems solutions and maintenance business of Juma Technology (OTC Bulletin Board: JUMT), a telecommunications and IT systems integrator based in Farmingdale, NY. The announcement was made today by John McKenna, Chairman and CEO of ConvergeOne, which is based in Eagan, MN. Juma's intellectual property and software division, which operates as Nectar Services Corp., is not part of the sale.
"With our strategy of investing in and developing technology companies that demonstrate strong viability and industry leadership, we are excited about the prospect of bringing Juma Technology into our organization," according to John McKenna, CEO of ConvergeOne. "This acquisition would enhance our ability to drive business growth and deliver more value for customers seeking the latest technology solutions and services."
An Avaya Platinum BusinessPartner with a strong presence in New York, Juma specializes in converged voice and data network deployments, and is experienced in multivendor technologies including Avaya, Cisco, Juniper Networks, Extreme Networks, Plantronics, Polycom, and others. Juma engineers have earned high levels of certification to support a wide range of equipment, software, and managed services.
As the process continues on course, the acquisition could be finalized before the end of 2010 and would merge Juma's resources into NACR — a ConvergeOne operating company that is also based in Eagan and is the largest Avaya BusinessPartner worldwide.
"We believe that NACR is an excellent home for the Juma systems integration business," said Anthony M. Servidio, CEO of Juma Technology. "This is a great opportunity for Juma to thrive under the umbrella of NACR while enabling us to turn our full focus on our Nectar software division, which will now operate as its own stand alone enterprise."
"With their impressive experience, certifications, and skills, the people of Juma would be a great addition to NACR — putting more resources on the ground in our Northeast Region and further strengthening our ability to serve our customers there," said Tom Roles, President and CEO of NACR. "In turn, Juma staff and their customers would be able to take full advantage of all the resources NACR offers as a leading nationwide provider of communications solutions and services."
Among those resources are state-of-the-art product preconfiguration, staging, and testing through the NACR Performance Readiness Center®; customer training and development through the NACR Center of Excellence for Learning and Development; and Service and Support Centers (SSCs) featuring high-tech network monitoring capabilities.
ConvergeOne specializes in the IP telephony and convergence market, offering national reach, in-depth technical expertise, total solution focus, and hands-on service. In addition to NACR, the ConvergeOne companies include S1 IT Solutions (Boise, ID). To learn more about ConvergeOne and its companies, visit www.converge-one.com.
About ConvergeOne, LLC
ConvergeOne, headquartered in Eagan, MN, is a leading Value Added Solutions Provider (VASP), serving as a critical link between OEMs and end users providing essential consulting and project management services related to custom design, installation, implementation, and maintenance of communication solutions. ConvergeOne, through its family of national VASPs, offers a "one-stop" destination for its broad spectrum of valued customer relationships, providing in-depth technical expertise and total solution focus. Custom services include converged networks and unified communication solutions, call centers, system design, implementation, integration, maintenance, data storage and archiving and other professional services primarily for mid-sized and enterprise businesses. For more information, visit www.converge-one.com.
About NACR
With offices nationwide, industry award-winning NACR (Eagan, MN) is a certified Avaya Connect Platinum Partner, seven-time Avaya BusinessPartner of the Year, and a leading provider of communications solutions for businesses. Its highly trained and experienced team, with more than 300 industry-recognized certifications, delivers proven, scalable, cost-effective solutions tailored to a customer's end-to-end needs, from sales through ongoing support. Using sophisticated processes, advanced tools, and two high-tech Network Operations Centers (NOCs), NACR provides comprehensive monitoring and managed services for multivendor infrastructures. And to help customers keep pace with changing technology and business needs, the NACR Center of Excellence for Learning and Development provides training and educational opportunities. For more information, call 1-888-321-NACR (6227) or visit www.nacr.com.
About Juma Technology
Juma Technology Corp. provides advanced IP Convergence solutions that integrate voice, data and video applications. Juma's IP Convergence solutions enable companies to increase productivity, enhance mobility and create significant cost savings. Juma has been recognized as an industry leader in providing integrated business communications and services, helping customers leverage network convergence to achieve their business goals.
SOURCE ConvergeOne, LLC
Scott Sund, Vice President of Marketing of NACR, 1-800-431-1333, ext. 2502, ssund@nacr.com; or Melissa Nacerino, Director of Marketing of Juma Technology, +1-646-291-8264, mnacerino@jumacorp.com
Source: PR Newswire (September 23, 2010 - 12:40 PM EDT)
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EastBridge Investment Group's Client, Tsingda Education, Closes $9.6 Million Capital Raise
Sep. 23, 2010 (Marketwire) --
PHOENIX, AZ -- (Marketwire) -- 09/23/10 -- EastBridge Investment Group Corp (EBIG) (OTCBB: EBIG) today announced that its client, Tsingda Education, through its parent holding entity, Compass Acquisition Corporation, completed a $9.6 million capital raise.
The transaction can be found by viewing the following link:
http://www.sec.gov/Archives/edgar/data/1381790/000107878210002201/compass8k092210.htm
To learn more about Tsingda, please visit their website: http://ir.eee114.com.cn
Mr. Hui Zhang, CEO of Tsingda, stated, "We are very thankful for EastBridge's professional assistance in this important funding. We now have the added resources to execute our business plan for 2011 and beyond."
EastBridge provides various consulting services for its clients. In exchange, EastBridge generally receives compensation consisting of stock and cash dependent on the nature of services provided.
EastBridge focuses on high-growth companies in Asia, offering a range of service, including IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG's email alert, send a blank email to info@EbigCorp.com.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Norm Klein
EastBridge Investment Group Corp.
480-966-2020
480-966-0808 (fax)
Email Contact
Investor Relations:
Jack Eversull
The Eversull Group, Inc.
972-571-1624
214-469-2361 (fax)
Email Contact
Source: Marketwire (September 23, 2010 - 12:36 PM EDT)
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Geos subsidiary D Mobile signs partnership agreement with retailer Gome
Sep. 23, 2010 (M2 Communications Ltd.) --
Mobile applications and services developer Geos Communications Inc (OTCBB:GCMI) announced on Thursday its subsidiary D Mobile Inc (Duo Guo) has signed a retail partnership agreement with Chinese electronics retail chain Gome.
No financial details were disclosed.
The terms of the agreement allow Duo Guo, a mobile content retail provider in China, to initially launch kiosks within Gome’s 50 plus Shanghai area stores.
According to the company, Duo Guo is the primary retail channel for the discovery and download of licensed mobile media content in China by operating a kiosk-based distribution business. The kiosks enable mobile device users to discover and download games, movies, music, ringtones and applications.
In addition, the kiosk network serves as a channel for a range of mobile downloadable services such as ticketing, coupon distribution and advertising.
(Comments on this story may be sent to tww.feedback@m2.com)
Source: M2 Presswire (September 23, 2010 - 12:33 PM EDT)
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Clear Channel Adds Insight at Advertising Week 2010
From "Clear Channel Conversation" Panels on the Marketing Value of
New Music Discovery and Community Engagement to Powering Advertising
Week's Dedicated Digital Information Medium - WADV, Clear Channel
Demonstrates its Scale, Multi-Pl
Sep. 23, 2010 (Business Wire) -- Clear Channel Communications, Inc. – whose radio, outdoor and digital platforms connect advertisers and marketers with millions of consumers every day – once again has a leading presence during this year’s Advertising Week – the premiere gathering of North American advertising and media leaders. Here’s a complete guide to how the Company will showcase its insightful executives, popular personalities, support of creative award-winning campaigns and deliver the exclusive go-to news source for all things Advertising Week.
GOLD PARTNER
Clear Channel Communications is proud to support the seventh year of Advertising Week as a Gold Partner.
TOP LINE INSIGHTS
Two Clear Channel hosted “Clear Channel Conversation” panels will reveal ways in which artists and brands are working together with marketers and media owners to create innovative partnerships and consumer experiences that build brand engagement; and how fresh approaches to customer activation, product integration, media innovation and celebrity engagement support communities with positive change while reaping dividends for marketers. A separate panel presented by TargetCast will feature a Clear Channel executive and explore how radio has reinvented itself in the digital age.
Panels: “Clear Channel Conversation”
Times Center Theater • 242 West 41st Street • See Dates/Times below
Tuesday, September 28 • 4:00 p.m.: Even with the explosion of ways that people consume music today, radio remains the primary source for new music discovery. Clear Channel Executive Vice President and President of Global Media Sales John Partilla will hold a discussion with Tony Pace, CMO of SUBWAY®; Stuart McLean, CEO of Content and Company; Tom Biery, Executive Vice President of Promotion and General Manager for Warner Bros. Records; and Clear Channel Radio President of National Advertiser Platforms Charlie Rahilly that will reveal ways in which artists and brands are working together with marketers and media owners to create innovative partnerships and consumer experiences that build brand engagement.
Wednesday, September 29 • 4:00 p.m.: How can marketing measurably address the growing issue of hunger in America? John Partilla moderates a discussion with Wendy MacGregor, CMO of Feeding America; Lisa Mann, Vice President of Kraft Foods Consumer Experiences; Tony Alwin, Senior Vice President of Creative, Marketing & PR at Clear Channel Outdoor; and Joe Puglise, President of Clear Channel Radio New York, about fresh approaches to customer activation, product integration, media innovation and celebrity engagement.
Panel: “Evolution Or Extinction: How Will Print And Radio Make The Transition To Digital?”
Paley Center for Media • 25 West 52nd Street • Wednesday, September 29 • 9:00 - 11:45 a.m.
Presented by TargetCast, in partnership with the Paley Center for Media, this session will explore how traditional media forms, including radio, newspapers and magazines, are reinventing themselves in the digital age. Part III of this session will focus on radio and feature Charlie Rahilly as a panelist.
EXECUTIVE / PERSONALITY APPEARANCES
Radio Mercury Awards
NASDAQ Market Site • 4 Times Square • Monday, September 27 • 4:00 p.m.
Clear Channel Radio famed personality Elvis Duran will join radio's biggest stars and best creative on stage at the Radio Advertising Bureau’s Radio Mercury Awards 2010, sponsored by Clear Channel. As the only major awards competition solely devoted to radio, the Mercury Awards recognize and reward radio commercials and Public Service Announcements (PSA) that embody the essence of what radio does best - connect with listeners. Jim Cook, President of Clear Channel Radio’s Creative Services Group, is set to be among the final round judges.
Opening Night Gala
Minskoff Theatre • 1515 Broadway • Monday, September 27 • 6:00 p.m.
Clear Channel, in partnership with AOL, is sponsoring this VIP event for the second year in a row for invite-only guests. John Partilla will provide opening remarks kicking off Advertising Week and welcoming attendees to the event. Located on the second floor of the Minskoff Theatre, Clear Channel will host a cocktail party, featuring two branded beverages – the “CC Buzz” and the “CC Chill.”
4A’s O’Toole Awards
Best Buy Theater • 1515 Broadway • Monday, September 27 • 7:30 p.m.
Clear Channel will present the top four O’Toole Award winners with a total of $1 million in free advertising to enjoy the unparalleled reach, engagement and flexibility of the company’s integrated radio, digital and outdoor platform. Called “the biggest award in advertising,” the O’Tooles recognize an agency’s overall level of creative excellence.
ONE-OF-A-KIND EXPERIENCES
WADV Radio
Heard on iheartradio.com, the iheartradio mobile app & Advertising Week’s Web site • Wednesday, September 22 - Monday, October 4
Starting September 22nd, WADV Radio – powered by Clear Channel Radio's digital platform iheartradio – is back as the official radio station of Advertising Week. WADV correspondents will be on the scene to keep you up-to-date on everything Advertising Week, featuring coverage of the hottest events and exclusive interviews with top executives and industry experts. Roving iheartradio street teams will be on hand to help attendees download the FREE app onto their iPhone, iPod touch, BlackBerry and Android devices.
Clear Channel Lounge
Times Center • 242 West 41st Street • Monday, September 27 - Thursday, September 30
Featuring mobile charging stations, FREE Wi-Fi and special giveaways, the Clear Channel Lounge is the best place to rest your feet, charge iPhone/BlackBerry/Android and have a quick snack in between events!
Battle of the Ad Bands
Highline Ballroom • 431 West 16th Street • Tuesday, September 28 • 8:00 p.m. - 11:00 p.m.
Who will dethrone McCann Erikson's 80's heavy metal band More F***ing Cowbell? Find out at VideoEgg’s Battle of the Ad Bands, presented by Electronic Arts and emceed by a popular Clear Channel Radio personality.
Special Live Performance with the Goo Goo Dolls
P.C. Richard & Son Theater • 32 Avenue of Americas • Thursday, September 30 • 5:30 p.m.
Clear Channel Radio, iheartradio and SUBWAY® are happy to host the Goo Goo Dolls for an invite-only live performance at its intimate performance space in TriBeCa. The American Rock Band from Buffalo, New York recently released its ninth studio album dubbed “Something for the Rest of Us.” The event will also be simulcast live on Clear Channel Spectacolor’s SpectacolorHD digital billboard in the heart of Times Square for onlookers to enjoy.
NEWS ANNOUNCEMENTS
In the weeks leading up to Advertising Week itself, Clear Channel has been breaking exciting marketing news – like Clear Channel Outdoor’s creation of a National Sales Group formed to aid in the planning, buying and implementation of multi-platform and multi-market out-of-home campaigns. Clear Channel Spectacolor launched the first 3D ad campaign in Times Square featuring Honda’s new CR-Z Sport Hybrid coupe. Also, Clear Channel Radio partnered with SUBWAY® and OurStage.com to kick off a new, nationwide campaign and competition dubbed SUBWAY FRESH ARTISTS™, which will give one talented unsigned artist/band the chance to open for the Goo Goo Dolls.
Clear Channel will be making news announcements throughout the week. If you have any questions during Advertising Week, please reach Maggie Duquin Nolan or Sharon Oh at (212) 986-6667 or via e-mail at duquin@braincomm.com or oh@braincomm.com.
About Clear Channel Communications
Clear Channel Communications, Inc. is a global media and entertainment company specializing in mobile and on-demand entertainment and information services for local communities and premiere opportunities for advertisers. Based in San Antonio, Texas, the company's businesses include radio and outdoor displays. More information is available at www.clearchannel.com.
Clear Channel Communications, Inc.
Maggie Duquin Nolan, 212-986-6667
duquin@braincomm.com
or
Sharon Oh, 212-986-6667
oh@braincomm.com
Source: Business Wire (September 23, 2010 - 12:30 PM EDT)
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Huifeng Bio-Pharmaceutical Technology Announces the Reinspection Approval of GMP Certificate
Sep. 23, 2010 (PR Newswire) --
XIAN, China, Sept. 23, /PRNewswire-Asia-FirstCall/ -- Huifeng Bio-Pharmaceutical Technology, Inc. (OTC Bulletin Board: HFGB) ("the Company"), specializing in developing and producing botanical extracts and other raw materials for pharmaceuticals and food additives, today announced the reinspection approval of Good Manufacturing Practice ("GMP") certificate by the State Food and Drug Administration (SFDA) on September 7, 2010. All pharmaceutical companies in China are required by SFDA to gain GMP Certificate for the production of pharmaceuticals.
The implementation of Good Manufacturing Practice ("GMP") is an effective measure for assuring the quality, safety, and effectiveness of pharmaceutical products. Such GMP certificate is valid for five years. After the validity period has transpired, a full inspection will be conducted by SFDA to check whether the drug manufacturer still meets the GMP requirements. With the rapid development of China's economy, GMP is a forced requirement for Chinese pharmaceutical plants and has become more and more important for those Chinese pharmaceutical companies that want to export their products to the world markets.
"GMP certificate is a rigorous process that we are delighted to have approval of reinspection successfully," began Mr. Jing'an Wang, the Chief Executive Officer of Huifeng Bio-Pharmaceutical. "The approval of GMP certificate has a significant impact on our company's future success; this further proves the superior quality standards of our products. This certification allows us to move forward to expand not only our domestic market but also our oversea markets, such as in U.S., India, European countries, Japan and South America as GMP is required by their government."
"With gaining GMP Certification, we would see great potential growth in our sales in the following quarters," Mr. Wang continued.
About Huifeng Bio-Pharmaceutical Technology, Inc.
Huifeng Bio-Pharmaceutical Technology, Inc., located in Xi'an, People's Republic of China, develops and produces plant extracts and pharmaceutical raw materials for use in pharmaceutical, nutraceutical and food production. It is the leading Chinese producer of rutin and related plant-derived chemicals in a class called flavonoids, with medicinal and other beneficial properties. Founded in 2002, Huifeng uses proprietary patented processes to extract rutin more efficiently than traditional extraction techniques. The Company is diversifying its product lines through internal development, acquisition and cooperation with scientific research organizations. More information can be found on the Company's web site at: http://www.hfgb.cn/
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors disclosed in the Company's Annual Report on Form 10K for the year ended Dec. 31, 2009 and all of the Company's subsequent Quarterly Reports on Form 10Q, especially in the "Risk Factors" sections of these reports. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.
For more information, please contact:
Investor Relations:
NUWA GROUP
Mr. Kevin Fickle
Tel: +1-925-330-8315
Email: Kevin@capitalgc.com
Company Contact:
Huifeng Bio-Pharmaceutical Technology, Inc.
Ms. Bing He
Tel: +86-139-9195-4170
Email: bing@xahuifeng.com
SOURCE Huifeng Bio-Pharmaceutical Technology, Inc.
Investor Relations: NUWA GROUP, Mr. Kevin Fickle, +1-925-330-8315, Kevin@capitalgc.com; or Company Contact: Huifeng Bio-Pharmaceutical Technology, Inc., Ms. Bing He, +86-139-9195-4170, bing@xahuifeng.com
Source: PR Newswire (September 23, 2010 - 11:37 AM EDT)
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TRX Releases Latest Version of RESX Online Booking Solution; Improves Shopping Experience
Sep. 23, 2010 (PR Newswire) --
ATLANTA, Sept. 23 /PRNewswire/ -- TRX, Inc. (www.trx.com) (Other OTC: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, today announced the latest round of user-focused improvements to the RESX® online booking solution designed to improve the booking experience for travelers. The enhancements, which debuted at NBTA and are now currently available to all RESX users, streamline the traveler's booking process and address a key benchmark for the success of any corporate online booking solution—ease of use for the traveler.
A traveler can now use advanced filtering options for air shopping results through a time slider bar. This functionality provides on-the-spot filtering for both arrival and departure times, enabling a user to quickly drill down to the policy compliant air option that works best for their trip. Ultimately this reduces the number of clicks, building a more efficient booking process and allowing a more educated booking decision from a single view. Additionally, an enhanced calendar view function provides the traveler with a single click capability for selecting desired travel dates.
"TRX understands the importance of the user experience for our clients using our online booking solution," said Shane Hammond, President & CEO of TRX. "We continuously conduct focus groups with the goal of improving the user experience and extending options to our clients that allow them to more effectively manage their travel expenses."
About TRX
TRX is a world-leading travel technology and data services provider, offering more than 20 software-as-a-service utilities for online booking, reservation processing, data intelligence, and process automation. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. We provide patented savings maximization solutions via our travel analytics consulting practice, extending spend management services to travel buyers all over the world. We complement all of these offerings with a global workforce focused on travel process automation and reengineering. For more information about TRX or to contact a TRX sales office, phone 404.929.6100 or visit the company's website at www.trx.com.
SOURCE TRX, Inc.
Stephen Carroll, Senior Director, Product Marketing, TRX, Inc., +1-214-346-4758, stephen.carroll@trx.com
Source: PR Newswire (September 23, 2010 - 11:30 AM EDT)
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Fannie Mae Announces New Incentives for HomePath® Properties
Up to 3.5 Percent Seller Assistance; Selling Agent Receives $1,500 Bonus
Sep. 23, 2010 (PR Newswire) --
WASHINGTON, Sept. 23 /PRNewswire-FirstCall/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced a seller assistance incentive on Fannie Mae-owned properties listed on the company's REO website, www.HomePath.com, and expands the initiative to offer an incentive to real estate agents and brokers. Qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price that can be used toward closing cost assistance, including a home warranty, if desired and available. In addition, selling agents representing owner-occupants will receive a $1,500 bonus. Eligible offers must be submitted on or after September 23, 2010, and must close by December 31, 2010. The sale must close within 60 days of the offer being accepted.
"More than eighty-seven thousand families have purchased HomePath® properties in the first half of 2010 -- nearly double the number of Fannie Mae foreclosed properties sold in the first half of 2009," said Terry Edwards, Executive Vice President of Fannie Mae's Credit Portfolio Management. "We continue to look for ways to stabilize neighborhoods and offer incentives to qualified buyers who will occupy these properties over the long-term and help support their communities."
HomePath properties are owned by Fannie Mae and include a wide selection of homes, including single-family homes, condominiums, and town houses. HomePath properties may also be eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing.
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
HomePath is a registered mark of Fannie Mae. Unauthorized use of this mark is prohibited.
Follow us on Twitter: http://twitter.com/FannieMae.
Subscribe to our RSS feed at http://www.fanniemae.com/rss/rss.xml.
SOURCE Fannie Mae
Jason Vasquez of Fannie Mae, +1-202-752-2878
Source: PR Newswire (September 23, 2010 - 11:10 AM EDT)
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Bohai Pharmaceuticals to Host Fiscal 2010 Earnings Conference Call on September 29, 2010 at 11:00 a.m. Eastern
Management Team to Discuss Bohai's Five Recently Introduced Products,
Financial Performance in 2010, and Growth Potential in China's Expanding
Traditional Chinese Medicine Market
Sep. 23, 2010 (Business Wire) -- Bohai Pharmaceuticals Group, Inc. (OTCBB/OTCQB: BOPH), a China-based pharmaceutical company engaged in the production, manufacturing and distribution of Traditional Chinese Medicine (TCM) in China, will host a conference call on Wednesday, September 29, 2010, at 11:00 a.m. Eastern to discuss its fiscal year-end June 30, 2010 financial results. Bohai’s 10-K and corresponding earnings release is expected to be filed on the previous business day, September 28th.
In addition to Bohai’s financial performance, management will also discuss future growth opportunities in China’s expanding Traditional Chinese Medicine market, including new PRC mandated polices and reimbursement initiatives that support the use of TCM.
“As Bohai’s first conference call since becoming a publicly listed company, we look forward to updating our shareholders on our substantial recent developments,” said Mr. Qu, President and Chief Executive Officer of Bohai Pharmaceuticals. “Bohai has achieved record levels of revenue and earnings compared to previous years, we recently introduced five products in 2010, bringing our total current production level to 15, and we are on track to report solid growth in the first quarter of fiscal 2011.”
The teleconference can be accessed by dialing 877-407-8031 when calling within the United States or 201-689-8031 when calling internationally. Please dial in 10 minutes prior to the beginning of the call. There will be a playback available until December 22, 2010. To listen to the playback dial 877-660-6853 when calling within the United States, or 201-612-7415 when calling internationally and use account number: 286, in conjunction with replay ID number: 357715.
The conference call will be simultaneously webcast and available on the company’s website, www.bohaipharma.com, under the “Events and Presentations” tab of the “Investors” section.
About Bohai Pharmaceuticals Group, Inc.
Based in the city of Yantai, Shandong Province, China, Bohai Pharmaceuticals Group, Inc. (OTCBB/OTCQB: BOPH) is engaged in the production, manufacturing and distribution of herbal pharmaceuticals based on Traditional Chinese Medicine in China. Bohai’s medicines address common health problems such as rheumatoid arthritis, viral infections, gynecological diseases, cardio vascular issues and respiratory diseases. Bohai’s products are sold either by prescription through hospitals or over-the-counter through local pharmacies and retail drug store chains. Bohai has approximately 600 employees, including approximately 300 sales representatives, operating from 20 offices throughout China. Bohai’s lead products, Tongbi Capsules and Tablets and Lung Nourishing Cream, are eligible for reimbursement under China’s National Medical Insurance Program.
For comprehensive investor relations material, including fact sheets, research reports, presentations and video, please follow the appropriate link: Investor Relations Portal, Investor Fact Sheet and Overview Video.
For additional information, please visit Bohai’s corporate website: www.bohaipharma.com.
Additional Information Relating to Bohai’s Trading Data
Due to certain recent disruptions in the marketplace relating to quotations on the OTC Bulletin Board operated by FINRA (OTCBB), incomplete trading data may exist for certain companies like Bohai. Real-time trading data for Bohai on the OTCQB market is available through the below link. Readers are advised that OTCQB market is operated by the owner of otcmarkets.com, and Bohai Pharmaceuticals Group, Inc. makes no representation or warranty regarding the OTCQB market.
For real-time trading data for Bohai on the OTCQB market, including Level 2 quotes, please visit: www.otcmarkets.com/stock/boph/quote.
Cautionary Note Regarding Forward Looking Statements
This press release, the conference call referred to herein and the statements of representatives of Bohai Pharmaceuticals Group, Inc. (the “Company”) related thereto contain, or may contain, among other things, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements,” including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as “guidance,” “projects,” “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “ultimately” or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with the Securities and Exchange Commission (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
Company Contact:
Bohai Pharmaceuticals Group, Inc.
Gene Hsiao, Chief Financial Officer
212-521-4470
or
Financial Communications Contact:
Trilogy Capital Partners - Asia
Darren Minton, President
Toll-free: 800-592-6067
info@trilogy-capital.com
Source: Business Wire (September 23, 2010 - 11:01 AM EDT)
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Medizone International Expands Patent Protection and Discusses Development
Sep. 23, 2010 (Marketwire) --
SAN FRANCISCO, CA -- (Marketwire) -- 09/23/10 -- Medizone International, Inc. (OTCBB: MZEI) (OTCQB: MZEI) announced today the Company has filed a fourth U.S. Provisional patent application involving what it terms, "Advanced Oxidative Sterilization Processes."
Dr. Michael Shannon, Director of Medical Affairs, explained, "We are now exploring a new development in the field of oxidative chemistry which we believe will have a significant impact on our future technology and the ease with which we can effectively decontaminate hospitals, chronic care facilities, veterinary facilities, hotels, cruise ships, sports facilities and the equipment therein. Our research to date clearly demonstrates that the combination of modest levels of ozone and low concentrations of peroxide, properly delivered at the right temperature and humidity, will reliably eliminate bacterial loads of at least 6 logs (sterilization standard) on a broad range of surface materials, including carpets, for all of the 'Superbugs' responsible for Hospital Acquired Infections. This new development, however, further enhances Medizone's AsepticSure™ technology in a manner not anticipated. In fact, decontamination in the future will very likely be based on unique combinations of what we are calling 'Advanced Oxidative Sterilization Processes' which build on the existing technology by using a family of chemical moieties considered to be even more potent than either ozone or peroxide to destroy a broad range of potentially lethal pathogens. Research is now underway at our laboratories in Kingston on a parallel track with our hospital beta testing program to evaluate the merits of a multifactorial decontamination system which appears to further increase the potency of AsepticSure™ while dramatically reducing the exposure time, both of which have major implications for certain applications."
Medizone's CEO, Edwin Marshall, added, "With two international patent applications filed in addition to the four U.S. provisional applications now in place, we are taking the steps we believe necessary to fully protect the commercial rights of Medizone International. It is now clear that what began as a technology to decontaminate and sterilize hospital spaces has grown into the foundations of an entirely new sterilization industry. We are developing a family of solutions based on the nuances of specific applications. Given the outcomes of recent meetings with both private industry players and government, it is clear we are not alone in recognizing this concept. As I announced in a recent interview with Don Baillargeon for a segment of his show, 'MoneyTV,' to be aired this coming Saturday, we have even filed a patent application addressing the bed bug issue for the cruise ship and hotel industry. We are not making too much of it yet, as the science for that application remains to be completed. However, we are guardedly optimistic that we will be able to provide an effective and affordable solution to that market segment as well, and thus wanted to get the IP protection in place as soon as possible."
Medizone International, Inc. is a research and development company engaged in developing its AsepticSure™ System to decontaminate and sterilize hospital surgical suites, emergency rooms, intensive care units, schools and other critical infrastructure. A government variant is being developed for bio-terrorism counter measures with additional variants for sports facilities and food processing applications and, potentially, the hotel and cruise ship industry for bed bug eradication and Norwalk virus.
This Press Release contains certain forward looking statements that involve substantial risks and uncertainties, including, but not limited to, the results of ongoing clinical studies, economic conditions, product and technology development, production efficiencies, product demand, competitive products, competitive environment, successful testing and government regulatory issues. Additional risks are identified in the company's filings made with the Securities and Exchange Commission.
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Contact:
Investor Relations
The Eversull Group, Inc.
Jack Eversull
Email Contact
972-571-1624
fax: 214-469-2361
web site: www.medizoneint.com
E-mail: Email Contact
Source: Marketwire (September 23, 2010 - 10:45 AM EDT)
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North Dallas Bank & Trust Co. Declares Regular Dividend of $0.17 per Share
Sep. 23, 2010 (Marketwire) --
DALLAS, TX -- (Marketwire) -- 09/23/10 -- On September 21, 2010 the North Dallas Bank & Trust Co. (OTCBB: NODB) Board of Directors declared a $0.17 per share dividend. The dividend is payable to shareholders of record as of October 5, 2010 and will be paid on October 8, 2010.
The current dividend is based on North Dallas Bank & Trust Co.'s current financial condition and is not a guarantee that dividends will continue to be paid in the future. Please direct any questions to Sam Renshaw, Senior Executive Vice President and CFO.
North Dallas Bank & Trust Co., established in 1961, has more than $1 billion in assets and is a locally owned bank with five locations in the Dallas area.
Source: Marketwire (September 23, 2010 - 10:42 AM EDT)
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Petaquilla Announces Closing of US$45 Million Prepaid Forward Gold Purchase Agreement with Deutsche Bank
Sep. 23, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/23/10 -- Petaquilla Minerals Ltd. (the "Company") (TSX: PTQ)(OTCBB: PTQMF)(FRANKFURT: P7Z) is pleased to announce that it has closed its previously announced prepaid Forward Gold Purchase Agreement (the "Agreement") with Deutsche Bank AG, London Branch ("Deutsche Bank"), in the amount of US$45 million.
Pursuant to the Agreement, the Company will deliver 66,650 ounces of gold to Deutsche Bank over a five year term and the Company will receive an additional cash payment for gold pricing above US$875 per ounce, up to a maximum of US$1,290 per ounce. The IRR of the transaction is 10.18% and the number of committed ounces represents approximately 6% of the Company's total resources.
Execution of the Agreement constitutes the first phase of the Company's strategy to completely redeem its outstanding notes. As such, the net proceeds from the Agreement will be used principally to redeem a portion of the Company's outstanding notes plus accrued interest in the combined amount of US$39,950,000 million, and US$2,000,000 million for working capital. It is the Company's intention to retire its remaining debt in the near future. To that end, the Company is in receipt of a term sheet from Deutsche Bank to refinance the remainder of its debt and is also currently in negotiations with other financial institutions and interested parties.
The Company has paid an upfront structuring fee of US$1,800,000 and consulting and finder's fees in the aggregate sum of US$900,000.
Richard Fifer, Chairman of the Board, commented, "The closing of this forward gold purchase agreement will allow us to focus on optimizing production at our wholly-owned Molejon Gold Project, as well as to further define a number of prospective gold and copper bearing targets in the Oro Del Norte exploration concession in central Panama. We are very pleased with the confidence Deutsche Bank AG has clearly shown in our projects."
The Company has also recently implemented a number of organizational changes. As part of the completion of the Agreement with Deutsche Bank, Daniel Small has resigned as a director of the Company. Richard Fifer has moved from Non-Executive Chairman of the Board of Directors to Executive Chairman and Rodrigo Esquivel has accepted the position of President of the Company. Mr. Esquivel has been serving and will continue to hold his position as President of the Company's subsidiary, Petaquilla Gold, S.A., which directly holds the Molejon gold property interest and the gold-processing surface plant thereon. Mr. Joao Manuel will continue in his position as the Company's Chief Executive Officer.
About Petaquilla Minerals Ltd. - Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. Commercial production commenced January 8, 2010. The Molejon mine site is located in the south central area of the Company's 100% owned 842 square kilometre concession lands, a region known historically for gold content.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Richard Fifer, Director and Chairman of the Board
No stock exchange has approved or disapproved the information contained herein.
Contacts:
Petaquilla Minerals Ltd.
Richard Fifer
Director and Chairman of the Board
(604) 694-0021 or Toll free: 1-877-694-0021
(604) 694-0063 (FAX)
www.petaquilla.com
Source: Marketwire (September 23, 2010 - 10:26 AM EDT)
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NewMarket Greenfield Partners Savanna East Africa, China Crescent and NuMobile Highlight Africa and China Cooperative Economic Developments Benefiting Greenfield Business Development
Sep. 23, 2010 (Marketwire) --
DALLAS, TX -- (Marketwire) -- 09/23/10 -- NewMarket Technology, Inc. (PINKSHEETS: NWMT)(OTCQB: NWMT) Greenfield Partnership Program participants Savanna East Africa, Inc. (PINKSHEETS: NVAE)(OTCQB: NVAE) and China Crescent Enterprises, Inc. (OTCBB: CCTR) have partnered to market and deliver high quality, affordable technology products and solutions from China into the growing technology market of East Africa. The companies view the partnership as a natural fit which is strengthened by China's recent interest in Africa as a target for expansion. Recent reports indicate that in the past 10 years, China has increased its investment in Africa nearly ten-fold to $90 billion. According to the IMF, 12 of the top 28 fastest growing economies by GDP in the world are in Africa, making it a prime target for the Greenfield Partners and their high growth, emerging market strategy. For example, China crescent recently announced that its original design manufacturing (ODM) subsidiary, Shenzhen Newbao Technology Co. Ltd., completed the sale of its proprietary GPS tracking devices to a confidential ICT systems integration firm headquartered in Nairobi, Kenya.
Savanna East Africa has also partnered with NuMobile, Inc. (OTCBB: NUBLD) on a wireless, real-time utilities metering initiative in East Africa. Savanna recently announced plans to demonstrate the project's capabilities during a trade mission to Kenya next month. In addition to the wireless metering project, Savanna is also working with NuMobile on a mobile wallet application.
NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.
To learn more about the Greenfield Partnership Program, please review a recent Benchmark Report issued by the program available for on-demand review here: http://www.newmarkettechnology.com/wcgf_20100917.htm.
Sign Up to Receive Regular NewMarket Updates
NewMarket sends regular Company updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage at www.newmarkettechnology.com. Recipients can manage their own email contact profile and safely unsubscribe at any time.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.
NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
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Contact:
NewMarket Technology, Inc.
Investor Relations
ir@newmarkettechnology.com
214-722-3065
Source: Marketwire (September 23, 2010 - 10:06 AM EDT)
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Northeast Community Bancorp declares dividend of USD0.03 per share for quarter
Sep. 23, 2010 (M2 Communications Ltd.) --
Holding company for Northeast Community Bank, Northeast Community Bancorp Inc’s (NASDAQ:NECB) board of directors approved on Wednesday a common cash dividend of USD 0.03 per share for the quarter.
The dividend to all stockholders of record as of the close of business on 8 October 2010 will receive the payment on or about 1 November 2010.
(Comments on this story may be sent to info@m2.com)
Source: M2 Presswire (September 23, 2010 - 10:01 AM EDT)
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(NUBLD) NuMobile Diversifies $20 Million Revenue Objective in Business Plan Refresh With New Timeframe Targets and Improved Growth Potential From China and Africa
Sep. 23, 2010 (Marketwire) --
FORT WORTH, TX -- (Marketwire) -- 09/23/10 -- NuMobile, Inc. (OTCBB: NUBLD) released a letter to shareholders yesterday from incoming CEO David Lee providing updates on the Company's $20 million revenue objective and refreshed timeline and sales growth initiatives in the Chinese and African mobile computing and service markets. NuMobile is scheduled to release a Webcast presentation tomorrow to provide further updates on its initiatives in the Chinese market preceding its strategic summit meeting in China next week. The Webcast presentation will be posted to the NuMobile website www.numobileinc.com upon release.
Summit Meetings in Shenzhen China Next Week
NuMobile is participating in summit meetings next week in Shenzhen, China, hosted by its Greenfield Partner China Crescent Enterprises, Inc. (OTCBB: CCTR). The meetings will be conducted at the offices of China Crescent's original design manufacturing (ODM) subsidiary and will focus on advancing the previously announced $160 million letter of intent for custom Wi-Fi devices into a definitive agreement. During the meetings, management is expected to review progress on the $1.6 million ODM purchase order the Company received from a confidential Japanese customer for 100 sets of a special purpose Wi-Fi communication device. Based on a formal letter of intent, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 sets.
NuMobile has been selected by China Crescent to provide a key proprietary software component for the project. Early customer reports indicate the current contract is on track to support the $160 million letter of intent being consummated into the intended contract that would result in $160 million in combined revenue to China Crescent and NuMobile. The outcome of the meetings will be reported in a Webcast presentation following the meetings.
Incoming CEO Letter to Shareholders
NuMobile released a letter to shareholders from incoming CEO David Lee yesterday addressing the Company's $20 million revenue plan for 2011 and highlighting sales growth initiatives in China and Kenya in East Africa. The letter is available in its entirety on the corporate website www.numobileinc.com or directly here: http://www.numobileinc.com/lts_9_22_10.html.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email alerts, please visit the corporate website at www.numobileinc.com.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Cisco, IBM, HP and Dell. Following a strategic acquisition last year, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008 and has set a goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen, Dalian and Beijing, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
About NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NuMobile's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
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Contact:
NuMobile, Inc.
Sales
817-410-5735
sales@numobileinc.com
Investor Relations
214-722-3042
ir@numobileinc.com
Source: Marketwire (September 23, 2010 - 10:01 AM EDT)
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Earthstone Energy Reports On Developments In North Dakota
Sep. 23, 2010 (PR Newswire) --
DENVER, Sept. 23 /PRNewswire/ -- EARTHSTONE ENERGY, INC. (OTC Bulletin Board: BSIC) reported Panther Energy Company, LLC, its majority partner in the Banks Field, has sold its interest in the field, comprising nearly thirteen thousand gross mineral acres, to Brigham Exploration Company. This sale does not affect Earthstone's leasehold rights in the area and Earthstone expects to retain its oil and gas interests. As in the past Earthstone intends to participate in new wells proposed by Brigham, or others, that "pool or space" our leasehold rights within spacing units they operate.
"We are not just excited by this development, we are ecstatic," commented Ray Singleton, president of Earthstone. "Brigham is on the forefront of the application of new stimulation technology in Bakken wells and has been instrumental in demonstrating the economic viability of this area of the Williston basin. With Brigham now involved, we expect the pace of development to heat up. Based on conversations with Brigham, we anticipate drilling one well, possibly two, on this acreage before the end of the calendar year."
Singleton continued, "In related news, the Pederson 10-3H, our newest well in the Banks Field, has been completed and placed on production. However, because of high gas sales line pressure, the well has been unable to produce at full capacity without flaring natural gas. As a result, production from the well has been 'throttled back' to conserve this resource. Production from the well, which is expected to come off confidential status next week, is estimated to report an initial production rate of approximately 500 barrels of oil and 200 MCF of gas per day. In addition, Zenergy is planning a new well in the Banks Field, the Ceynar 29-32H. Earthstone has a small interest in the well which is expected to commence within the next 30 days."
"In Indian Hill Field, the Company is currently involved in SM Energy Company's Fossum 15-35H. The well is currently drilling horizontally at approximately 19,500 feet and results are encouraging. Earthstone has only a small interest in the well."
Earthstone Energy is an independent oil and gas exploration and production company with primary operations in the Williston Basin, the Denver-Julesburg Basin in Colorado, southern Texas and the onshore Gulf Coast area. Earthstone is traded on the Over The Counter Bulletin Board under the symbol BSIC. Information on Earthstone can be found at its web site: www.earthstoneenergy.com.
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Some statements contained in this release are forward-looking, and therefore involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements, which can be identified by words such as: "should," "may," "will," "anticipate," "expect," "estimate," "continue," "believe," or other comparable words. Forward-looking statements also include comments regarding reserve additions, production increases, success of drilling projects or the closing of acquisitions, assumptions regarding future success or the success of certain strategies. Factors that could cause actual results to differ materially include price volatility of oil and gas, economic and political events affecting supply and demand for oil and gas, loss of customers for oil and gas production and government regulations. These and other factors are discussed in more detail in Basic Earth's filings with the Securities and Exchange Commission particularly the Company's Annual Report on Form 10-K filed for March 31, 2010. The Company disclaims any obligation to update forward-looking statements.
SOURCE Earthstone Energy, Inc.
Ray Singleton, +1-303-296-3076
Source: PR Newswire (September 23, 2010 - 10:00 AM EDT)
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Earthstone Energy Reports On Developments In North Dakota
Sep. 23, 2010 (PR Newswire) --
DENVER, Sept. 23 /PRNewswire/ -- EARTHSTONE ENERGY, INC. (OTC Bulletin Board: BSIC) reported Panther Energy Company, LLC, its majority partner in the Banks Field, has sold its interest in the field, comprising nearly thirteen thousand gross mineral acres, to Brigham Exploration Company. This sale does not affect Earthstone's leasehold rights in the area and Earthstone expects to retain its oil and gas interests. As in the past Earthstone intends to participate in new wells proposed by Brigham, or others, that "pool or space" our leasehold rights within spacing units they operate.
"We are not just excited by this development, we are ecstatic," commented Ray Singleton, president of Earthstone. "Brigham is on the forefront of the application of new stimulation technology in Bakken wells and has been instrumental in demonstrating the economic viability of this area of the Williston basin. With Brigham now involved, we expect the pace of development to heat up. Based on conversations with Brigham, we anticipate drilling one well, possibly two, on this acreage before the end of the calendar year."
Singleton continued, "In related news, the Pederson 10-3H, our newest well in the Banks Field, has been completed and placed on production. However, because of high gas sales line pressure, the well has been unable to produce at full capacity without flaring natural gas. As a result, production from the well has been 'throttled back' to conserve this resource. Production from the well, which is expected to come off confidential status next week, is estimated to report an initial production rate of approximately 500 barrels of oil and 200 MCF of gas per day. In addition, Zenergy is planning a new well in the Banks Field, the Ceynar 29-32H. Earthstone has a small interest in the well which is expected to commence within the next 30 days."
"In Indian Hill Field, the Company is currently involved in SM Energy Company's Fossum 15-35H. The well is currently drilling horizontally at approximately 19,500 feet and results are encouraging. Earthstone has only a small interest in the well."
Earthstone Energy is an independent oil and gas exploration and production company with primary operations in the Williston Basin, the Denver-Julesburg Basin in Colorado, southern Texas and the onshore Gulf Coast area. Earthstone is traded on the Over The Counter Bulletin Board under the symbol BSIC. Information on Earthstone can be found at its web site: www.earthstoneenergy.com.
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Some statements contained in this release are forward-looking, and therefore involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements, which can be identified by words such as: "should," "may," "will," "anticipate," "expect," "estimate," "continue," "believe," or other comparable words. Forward-looking statements also include comments regarding reserve additions, production increases, success of drilling projects or the closing of acquisitions, assumptions regarding future success or the success of certain strategies. Factors that could cause actual results to differ materially include price volatility of oil and gas, economic and political events affecting supply and demand for oil and gas, loss of customers for oil and gas production and government regulations. These and other factors are discussed in more detail in Basic Earth's filings with the Securities and Exchange Commission particularly the Company's Annual Report on Form 10-K filed for March 31, 2010. The Company disclaims any obligation to update forward-looking statements.
SOURCE Earthstone Energy, Inc.
Ray Singleton, +1-303-296-3076
Source: PR Newswire (September 23, 2010 - 10:00 AM EDT)
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Alternate Energy Holdings Receives Endorsements From Every Mayor in Payette County, Idaho
"We Need What AEHI Can Bring to Our Community," Says Closest Mayor to Plant Site
Sep. 23, 2010 (GlobeNewswire) --
BOISE, Idaho, Sept. 23, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced it has garnered broad-based support for its plans to build a nuclear power plant in Payette County, Idaho and that AEHI has now received endorsements from the mayors of every city in Payette County. Those cities include Payette, Fruitland and New Plymouth.
New Plymouth is the closest town to the proposed site; a town in which the mayor and city council both signed a letter of support for AEHI.
"We need what AEHI can bring to our community. It's the very reason the New Plymouth City Council and I publicly endorsed AEHI after thoroughly investigating the company, its leadership and the potential outcomes of building a nuclear power plant. Nuclear power has been proven safe, extremely clean and it's an industry that will employ thousands of people, which will only benefit our local economy and standard of living," said Joe Cook, Mayor of New Plymouth, Idaho.
"I have been extremely impressed with AEHI and their management team since they first proposed building a nuclear power plant in our county. Company officials have been very upfront in communicating their plans on how they will build a nuclear power plant. And I, for one, am excited at the prospect of having it here, where it will have a positive effect on our towns, the county and more importantly, the people who live here," said Ken Bishop, Mayor of Fruitland, Idaho.
Jeff Williams, Mayor of Payette, adds, "AEHI is a company that asks the question, 'What does this country need to do to build on the principles that our founding fathers drafted when they created our Constitution.' With the creative thinking, innovative minds that I have talked to in AEHI's leadership team; I believe they have the ability to ask the right questions, work through the challenges and create a business plan that will benefit not only Payette County and the State of Idaho, but the United States of America. More Government IS NOT the answer to our national challenges; rather forward thinking businesses, like AEHI, will once again be the driving force to achieve prosperity in this great country. At the local level, prosperity means jobs and tax base. I fully support the efforts of individuals and companies that create dollars turning over in our communities."
All three mayors also expressed their support before the Payette County Board of Commissioners.
According to a recent study, the proposed plant is expected to create around 5,000 jobs through the construction phase and more than 1,000 jobs during operations. Pay levels for those jobs will average $60,000 and $80,000, respectively.
The projected revenue for the county and state is substantial. During construction alone, the project should increase Idaho's GDP by $5.3 billion, while $4.8 billion will flow directly through Payette County.
About Alternate Energy Holdings, Inc. (http://www.aehipower.com) -- Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.
Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe," "expect," "anticipate," "project," "target," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the "Risk Factors" section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.
CONTACT: Crescendo Communications, LLC
Investor Relations Firm:
David K. Waldman
John J. Quirk
(212) 671-1020
aehi@crescendo-ir.com
Alternate Energy Holdings, Inc.
Media:
Dan Hamilton
(208) 914-8894
Source: Globe Newswire (September 23, 2010 - 9:55 AM EDT)
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Fannie Mae Announces Offering of New Issue 5-Year Benchmark Notes® Due October 26, 2015
Sep. 23, 2010 (PR Newswire) --
WASHINGTON, Sept. 23 /PRNewswire-FirstCall/ -- The following is being issued by Fannie Mae (OTC Bulletin Board: FNMA):
5-Year
Pricing Date
September 24, 2010
Settlement Date
September 27, 2010
Maturity Date
October 26, 2015
Issue Size
TBD
Coupon
TBD
Payment Dates
Each October 26th and April 26th, beginning October 26, 2010
CUSIP
31398A4M1
Listing
Application will be made to list the securities on the EuroMTF market of the Luxembourg Stock Exchange
Barclays Capital Inc., Citigroup Global Markets Inc., and Deutsche Bank Securities Inc. are the joint lead managers. The co-managers include Banc of America Securities, CastleOak Securities, L.P., FTN Financial Capital Markets, Goldman Sachs & Co., J.P. Morgan & Co., and UBS Securities LLC.
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.
You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.
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SOURCE Fannie Mae
Katherine Constantinou, +1-202-752-5403 or Resource Center, 1-800-732-6643
Source: PR Newswire (September 23, 2010 - 9:52 AM EDT)
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Southern Trust Securities Announces Fiscal Year End Operational Results for Its Argentine Credit Card Investment
Sep. 23, 2010 (GlobeNewswire) --
MIAMI, Sept. 23, 2010 (GLOBE NEWSWIRE) -- Southern Trust Securities Holding Corp. ("STSHC") (OTCBB:SOHL), a financial services company offering broker-dealer, investment banking, investment advisory and wealth management services, announced operating results for the June 30 fiscal year end of Nexo Emprendimientos S.A. ("Nexo"), an Argentine credit card company. Presently, STSHC owns approximately 17.3% of Nexo and, as previously announced, it has signed a letter of intent to purchase additional equity in Nexo (the "Transaction") such that it would own 60% of Nexo upon the successful consummation of the Transaction.
Nexo is a new credit card and consumer loan company based in Argentina. For the fiscal year ended June 30, Nexo experienced rapid growth. Specifically, Nexo's revenue increased from U.S.$2.47 million to U.S.$3.23 million, representing a 31% increase and its total assets increased from U.S.$9.5 million to U.S.$11.9 million, representing a 25% increase. During the fiscal year, Nexo also completed a debt to equity swap resulting in a net book value of U.S.$6.2 million as of June 30, 2010.
Additionally, during the fiscal year, Nexo was able to securitize its own credit card receivable portfolio in the Argentine security market. Nexo established financial trust certificates representing approximately U.S.$2.6 million in gross proceeds to Nexo. The Trust was approved by the Argentine Security and Exchange Commission and was rated by local rating agencies.
Mr. Oscar Cerutti, Nexo's President, commented, "We are very pleased with the results of Nexo for the fiscal year end June 30. Nexo is still a growing company and each year we have been able to make substantive progress. We expect our revenue and assets to continue to increase at similar rates over the next year. We were particularly pleased to be able to enter the Argentine securitization market this year. The securitization of our credit card receivables is a very important capital raising tool and having established ourselves in the market, we will be able to continue to access this funding mechanism in larger amounts which will allow us to grow rapidly in a capital efficient way."
STSHC's CEO Mr. Robert Escobio also commented, "Southern Trust made its initial investment in Nexo in 2009 and as we previously announced, we have proposed to increase our investment to a controlling interest in Nexo. The results of Nexo for its fiscal year described herein clearly evidence Nexo's ability to grow its revenue and asset base rapidly and gives us confidence in our investment." .
About Southern Trust Securities Holding Corp.
STSHC is a financial services company offering securities brokerage, investment banking, asset management and private wealth management for a growing base of retail and institutional, corporate, and high-net-worth clients primarily in Latin America and Asia. STSHC services include access to international investment opportunities in U.S. and foreign capital markets, offshore entities for financial planning, and cross-border transactions, including private placements, bridge financing and reverse mergers into publicly-traded shell corporations. STSHC operates through its subsidiaries, Southern Trust Securities, Inc. (STS) and Southern Trust Securities Asset Management, Inc. (STSAM), Southern Trust Metals, Inc. (STM) and affiliated Geneva-based International Private Wealth Management S.A. (IPWM). STS is a member of the Securities Investors Protection Corporation (SIPC), National Futures Association (NFA), and Financial Industry Regulatory Authority (FINRA). STS clears trades through, and maintains client accounts with, Pershing LLC, a wholly owned subsidiary of The Bank of New York Mellon Co.
Forward- Looking Statements
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Corporation's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Except as otherwise required by federal securities laws, the Corporation undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.
CONTACT: Southern Trust Securities Holding Corp.
Robert Escobio, Chief Executive Officer
305-446-4800
Source: Globe Newswire (September 23, 2010 - 9:45 AM EDT)
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Daybreak Acquires Additional Interest From Chevron U.S.A. Inc. for Its East Slopes Project Located in Kern County, California
Sep. 23, 2010 (PR Newswire) --
SPOKANE, Wash., Sept. 23 /PRNewswire-FirstCall/ -- Daybreak Oil and Gas, Inc. (OTC Bulletin Board: DBRM) ("Daybreak" or the "Company"), a Washington corporation, announced today that it has acquired one-third (33%) of Chevron U.S.A. Inc.'s 50% working interest in the East Slopes Project in Kern County, California (the "East Slopes Project"); with other partners in the East Slopes Project acquiring the remaining interest. This transaction increases Daybreak's working interest from 25% to 41.67% in the East Slopes Project. Daybreak increased its proved reserves by 76% in adding approximately 46,000 barrels of oil from this acquisition. Daybreak paid $517,000 for the additional interest, or $11.25 per barrel, with financing through a $750,000 one-year secured convertible promissory note to a private lender.
James F. Westmoreland, Daybreak's President and Chief Executive Officer, stated, "This is a significant event for our Company that clearly demonstrates our ability to move quickly to take advantage of opportunities of this nature when they arise. This expansion of our ownership in an area where we have knowledge and expertise enhances our ability to achieve positive cash flow and profitability with its incremental increase in volume of high margin, long-life oil reserves. This acquisition also gives us a substantial interest in the new exploration and development drilling that we have planned at the East Slopes Project. We recently reprocessed our 3-D seismic over a portion of our East Slopes Project and have developed several more prospects that we believe may have the potential to add significant oil reserves for the Company. This transaction, along with our plans to develop the East Slopes Project, further enhances our commitment to building long-term value for our shareholders."
For more information about Daybreak Oil and Gas, Inc., please visit the Company's website at www.daybreakoilandgas.com.
Daybreak Oil and Gas, Inc. is an independent oil and gas company engaged in the exploration, development and production of oil and gas in California. The Company is headquartered in Spokane, Washington with an operations office in Friendswood, Texas. Daybreak has over 22,000 acres under lease and a seismic option on an additional 14,000 acres in the San Joaquin Valley of California.
Contact:
Ed Capko
Telephone: 815-942-2581
Investor Relations
Email: edc@daybreakoilandgas.com
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995: Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Information contained herein contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "should," "up to," approximately," "likely," or "anticipates" or the negative thereof or given that the future results covered by such forward-looking statements will be achieved. These forward-looking statements are based on our current expectations, assumptions, estimates and projections for the future of our business and our industry and are not statements of historical fact. Such forward-looking statements include, but are not limited to, statements about our expectations regarding our future operating results, our future capital expenditures, our expansion and growth of operations and our future investments in and acquisitions of oil and natural gas properties.
We have based these forward-looking statements on assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, and expected future developments. However, you should be aware that these forward-looking statements are only our predictions and we cannot guarantee any such outcomes. Future events and actual results may differ materially from the results set forth in or implied in the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: general economic and business conditions; exposure to market risks in our financial instruments; fluctuations in worldwide prices and demand for oil and natural gas; fluctuations in the levels of our oil and natural gas exploration and development activities; our ability to find, acquire and develop oil and gas properties, including the ability to develop the East Slopes Project prospects; risks associated with oil and natural gas exploration and development activities; competition for raw materials and customers in the oil and natural gas industry; technological changes and developments in the oil and natural gas industry; legislative and regulatory uncertainties, including proposed changes to federal tax law and climate change legislation, and potential environmental liabilities; our ability to continue as a going concern; and our ability to secure additional capital to fund operations. Additional factors that may affect future results are contained in our filings with the Securities and Exchange Commission ("SEC") and are available at the SEC's web site http://www.sec.gov. Daybreak Oil and Gas Inc. disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.
SOURCE Daybreak Oil and Gas, Inc.
Ed Capko, Investor Relations of Daybreak Oil and Gas, Inc., +1-815-942-2581, edc@daybreakoilandgas.com
Source: PR Newswire (September 23, 2010 - 9:35 AM EDT)
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Stellar announces Elk Hills Heavy Oil LLC has started drilling its first test well in Carbon County, Montana
Sep. 23, 2010 (PR Newswire) --
OTCBB: SRRL
HENDERSON, NV, Sept. 23 /PRNewswire-FirstCall/ - Stellar Resources Ltd.,(OTCBB: SRRL), (the "Company") today announced that Elk Hills Heavy Oil LLC, (EHHO) has spudded its first test well on its 22,000 acre heavy oil prospect in Carbon County, Montana. The objective is drill approximately 500 meters to the core point, then core the Ten Sleep formation to evaluate the potential for a commercial oil reservoir. EHHO is owned 50% by the Company and 50% by Elk Hills Petroleum Canada Ltd.
FORWARD LOOKING STATEMENT
This press release contains statements, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
On behalf of the Board
Stellar Resources Ltd.
"Ray Jefferd"
Ray Jefferd
President & CEO
SOURCE Stellar Resources Ltd.
Ray Jefferd, President & CEO, (702) 547-4614
Source: PR Newswire (September 23, 2010 - 9:30 AM EDT)
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Tootie Pie Company Sales Up 10% for August
Sep. 23, 2010 (Business Wire) -- Tootie Pie Company, Inc. (OTCBB: TOOT) announced that unit sales for August 2010 were up 10%, versus August, 2009.
“We are experiencing positive sales trends in all of our sales channels. This is especially encouraging as we head into the ever important upcoming holiday season, where up to 60% of our annual sales will occur,” said Don Merrill, President & CEO.
The Company had previously reported sales increases for nine months in a row in July; and August would be the tenth consecutive month of sales increase.
“Corporate sales are coming back to life. Both components of our wholesale markets are showing solid sales growth. Our third Tootie Pie Gourmet Café in Alamo Heights should provide a nice boost to our Café segment, just in time for the upcoming holiday season. It is shaping up to be a good holiday season and year for Tootie Pie Company; and the only question, I think, is just how good it will be,” added Merrill.
About Tootie Pie Co.
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafés, in-store sales, orders via telephone and internet on the Company’s website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the NASDAQ OTC market under the symbol “TOOT.” For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.
Forward-Looking Statements
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," and "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
Tootie Pie Company
Carla Carter, 210-737-6600
Investor Relations
Carla.Carter@tootiepieco.com
Source: Business Wire (September 23, 2010 - 9:30 AM EDT)
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Lotus Pharmaceuticals Announces Two Senior Management Appointments
Sep. 23, 2010 (PR Newswire) --
BEIJING, Sept. 23 /PRNewswire-Asia-FirstCall/ -- Lotus Pharmaceuticals, Inc. (OTC Bulletin Board: LTUS) ("Lotus" or the "Company"), a fast-growing, profitable developer, manufacturer and seller of medicine and drugs in the People's Republic of China ("PRC"), announced today that the Company has appointed Mr. Xing Shen as its Vice President of Corporate Development and Ms. Yan Zeng as its Chief Financial Officer. Ms. Zeng, who served as CFO of Lotus in 2009 and early 2010, will relieve Mr. Jeff Hon. Mr. Hon submitted his resignation to the Company's board of directors, effective September 22, citing personal reasons.
In his new role as Vice President of Corporate Development, Mr. Xing Shen will oversee the Company's strategic business development and internal investor relations functions. Prior to his tenure with Lotus, Mr. Shen worked as an equity analyst at RBC Capital Markets, covering companies in the biotech space. He holds an MBA and a PhD in molecular cancer biology, both from Duke University, as well as a Master of Science degree from Peking University and a Bachelor of Science degree from Wuhan University.
Ms. Yan Zeng is a certified public accountant (CPA) and served as the Company's Chief Financial Officer prior to Jeff Hon's appointment. She also has accounting experience with Liang Fang Pharmaceutical Ltd., a subsidiary of the Company. Prior to joining the Company, Ms. Zeng worked as a registered accountant and auditor with Beijing Topson Certified Public Accountants and as a financial manager for Beijing Unite Youbang Science and Technology Ltd. She holds a bachelor's degree in business from Beijing Information Science and Technology University.
"We are pleased to have Dr. Shen serve as our VP of Corporate Development and believe that his experience with the Company and background in both biotech and finance will prove to be a powerful combination that will benefit Lotus over the long run. We are also pleased to have Yan Zeng return as our CFO, despite Jeff Hon's unfortunate departure," said Dr. Zhongyi Liu, Lotus' Chairman and Chief Executive Officer. "By building a solid senior management team with significant industry experience, we are positioning ourselves to capture a greater share of the pharmaceutical market in China and sustain a high rate of growth while maintaining internal control."
About Lotus Pharmaceuticals, Inc.
Lotus Pharmaceuticals, Inc. is a fast-growing, profitable developer and producer of drugs and a licensed national seller of pharmaceutical items in the People's Republic of China (PRC). Lotus operates its business through its two controlled entities: Liang Fang Pharmaceutical, Ltd. and En Ze Jia Shi Pharmaceutical, Ltd. Lotus' current drug development is focused on the treatment of cerebro-cardiovascular diseases, asthma and diabetes. Liang Fang sells drugs directly and indirectly through its national sales channels to hospitals, clinics and drugs stores in 30 provinces of the PRC.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
At the Company:
Xing Shen, Ph.D.
VP of Corporate Development
Lotus Pharmaceuticals, Inc.
Tel: +1-415-200-8482
Email: shen@lotuspharma.com
Web: http://www.lotuspharma.com
Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Tel: +1-800-733-2447 x104
Email: info@redchip.com
Web: http://www.RedChip.com
SOURCE Lotus Pharmaceuticals, Inc.
At the Company: Xing Shen, Ph.D., VP of Corporate Development, Lotus Pharmaceuticals, Inc., +1-415-200-8482, or shen@lotuspharma.com; or Investor Relations: Dave Gentry, RedChip Companies, Inc., +1-800-733-2447 x104, or info@redchip.com
Source: PR Newswire (September 23, 2010 - 9:19 AM EDT)
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Genesis Biopharma Announces $700K Private Financing
Sep. 23, 2010 (PR Newswire) --
MANHATTAN BEACH, Calif., Sept. 23 /PRNewswire-FirstCall/ -- Genesis Biopharma, Inc. (OTC Bulletin Board: GNBP), a biotechnology company developing targeted cancer therapies, today announced that it has closed a private offering pursuant to which it entered into definitive agreements with accredited investors to purchase 933,341 shares of its common stock at a purchase price of $0.75 per share, together with Series A warrants to purchase 466,674 shares at an exercise price of $1.00 per share, and Series B warrants to purchase 466,674 shares at $1.25 per share. The private financing will provide gross cash proceeds to Genesis Biopharma, Inc. of approximately $700,000 from the sale of common stock and warrants.
"This financing signals an important next step," said Robert Brooke, President and CEO of Genesis Biopharma. "We are now positioned to advance our anti-CD55 antibody program, which has shown strong potential for use as a targeted cancer therapy. We also can aggressively pursue new opportunities through in-licensing and collaborations, making the upcoming months an exciting time."
About Genesis Biopharma, Inc.
Genesis Biopharma, Inc. is a development-stage biotechnology company engaged primarily in the development of targeted cancer therapies. For more information on the Company, visit http://www.genesis-biopharma.com.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology as "expect", "potential", "suggests", "may", "should", "could" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations regarding future research, development and/or commercial results could be affected by, among other things, uncertainties relating to clinical trials and product development; availability of future financing; unexpected regulatory delays or government regulation generally; the Company's ability to obtain or maintain patent and other proprietary intellectual property protection; and competition in general. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
ROBERT BROOKE
http://www.profnetconnect.com/robert_brooke
SOURCE Genesis Biopharma, Inc.
Robert Brooke of Genesis Biopharma, Inc., 1-866-963-2220, info@genesis-biopharma.com
Source: PR Newswire (September 23, 2010 - 9:15 AM EDT)
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Corgenix Reports Fiscal 2010 Financial Results
Total revenues for the year increase approximately 2.4 percent vs. prior year
Sep. 23, 2010 (PR Newswire) --
DENVER, Sept. 23 /PRNewswire-FirstCall/ -- Corgenix Medical Corporation (OTC Bulletin Board: CONX), a worldwide developer and marketer of diagnostic test kits, today filed its fiscal year Form 10-K and reported financial results. The report disclosed that the company's operating results have advanced for the fiscal year ended June 30, 2010. Some of the results highlighted by the report are as follows:
Adjusted EBITDA for the year was $815,981 vs. $403,741 for the prior year.
Net income for the year was $2,391 vs. a net loss of $1,570,600 for the prior year.
Operating income for the fiscal year was $328,471 vs. an operating loss of $349,490 for the prior year.
Total revenues for the year increased $194,613 or 2.4% vs. the prior year.
Total operating expenses decreased $514,893 or 10.7% vs. the prior year.
"Our fiscal year results demonstrate that we have reached a critical turning point in the history of our company. The move to profitability along with the opportunity to integrate and build on our new relationship with the ELITech Group should provide further avenues to grow our business," said Douglass Simpson, President and CEO of Corgenix. "As we complete the many tasks ahead, we will manage our company as we have during the challenges of the past several years, controlling costs and conserving cash, while making prudent investments for future growth."
"Looking at our pro-forma results it is easy to see the overall improvement in our operations," added Simpson. "By meeting our three primary objectives — a return to positive revenue growth, achieving positive net income and boosting EBITDA — we are positioned to focus on a number of long-term growth opportunities. As we move forward, we believe the value of our business and the opportunities we have in the medical device industry will become apparent to our shareholders and the investment community."
Fiscal 2010 Conference Call Details
Corgenix invites all those interested in hearing management's discussion of fiscal year results to join a shareholders conference call today, Thursday, September 23, 2010, at 4:00 PM EDT (2:00 PM MDT). Interested parties can join the call by dialing (800) 895-0198. International participants may access the call by dialing +1 785 424 1053. The conference code is "CORGENIX." A replay will be available for 30 days following the call by dialing (800) 388-6197 for U.S. participants and +1 402 220 1115 for international participants.
About Corgenix Medical Corporation
Corgenix is a leader in the development and manufacturing of specialized diagnostic kits for immunology disorders, vascular diseases and bone and joint disorders, including the world's only non-blood-based test for aspirin effect. Corgenix diagnostic products are commercialized for use in clinical laboratories throughout the world. The company currently sells over 50 diagnostic products through a global distribution network and has significant experience advancing products through the FDA process. More information is available at www.corgenix.com.
Statements in this press release that are not strictly historical facts are "forward looking" statements (identified by the words "believe", "estimate", "project", "expect" or similar expressions) within the meaning of the Private Securities Litigation Reform Act of 1995. These statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, changes in the regulatory environment, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. The statements in this press release are made as of today, based upon information currently known to management, and the company does not undertake any obligation to publicly update or revise any forward-looking statements.
SUMMARY OF FINANCIAL HIGHLIGHTS
CORGENIX MEDICAL CORPORATION AND SUBSIDIARIES
OPERATIONAL DATA
Fiscal Year Ended
Fiscal Year Ended
June 30, 2010
June 30, 2009
Net sales
$8,258,170
$8,063,557
Gross profit
$4,644,608
$4,481,540
Total operating expenses
$4,316,137
$4,831,030
Operating income (loss)
$ 328,471
$(349,490)
Net income (loss)
$ 2,391
$(1,570,600)
EBITDA
$ 815,981
403,741
Basic and diluted loss per share
$ 0.00*
$(0.05)
Weighted average shares outstanding
30,848,468
30,237,813
*Less than $0.01 per share
SUMMARY BALANCE SHEET DATA
(in thousands)
June 30, 2010
June 30, 2009
Cash
$ 494
$ 785
Working capital
2,146
2,013
Total assets
6,155
6,906
Long-term debt
485
744
Total stockholders' equity
3,157
3,113
SOURCE Corgenix Medical Corporation
William Critchfield, Senior VP and CFO of Corgenix Medical Corp, +1-303-453-8903, wcritchfield@corgenix.com; or Dan Snyders, Vice President, Public Relations Supervisor of Armada Medical Marketing, +1-303-623-1190, ext. 230, dan@armadamedical.com
Source: PR Newswire (September 23, 2010 - 9:15 AM EDT)
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Mayo Clinic Research on SurgiCount To Be Presented at Conferences
Results of independent clinical research conducted by the Mayo Clinic on retained foreign object prevention and the SurgiCount Safety-Sponge® System to be presented
Discussion to include the selection, trial, implementation and evaluation of the SurgiCo
Sep. 23, 2010 (PR Newswire) --
TEMECULA, Calif., Sept. 23 /PRNewswire/ -- SurgiCount Medical, the wholly-owned operating subsidiary of Patient Safety Technologies, Inc. (OTC Bulletin Board: PSTX), announced that results of independent, unsponsored clinical research conducted by the Mayo Clinic on their multi-year effort to reduce retained foreign objects will be presented and discussed at two upcoming conferences. The research and related discussion will include the evaluation of the SurgiCount Safety-Sponge® System and its impact on retained surgical sponges at the Mayo Clinic.
The upcoming conferences are as follows:
23rd Annual Managing Today's OR Suite Conference, Orlando, Florida
Friday, October 1st, 9:30am – 10:45am
What Does It Take to Prevent Retained Foreign Objects
Robert R. Cima, MD, MA
Vice Chairman, Department of Surgery; Associate Professor of Surgery, Mayo Clinic,
Rochester, Minnesota
Cheryl Weisbrod, RN, MSN
Nurse Administrator, Mayo Clinic
Sarah R. Pool, RN, MSN
Resource Nurse Manager, Mayo Clinic, Instructor in Nursing, College of Medicine
James D. Clark, RN, MSN
Nursing Education Specialist, Surgical Services, Mayo Clinic
American College of Surgeons 96th Annual Clinical Congress, Washington DC
Tuesday, October 5th, 2:30pm – 4:00pm
Quality and Outcomes Session I
Robert R. Cima, MD, MA of the Mayo Clinic will present the clinical research study
"Evaluation and Implementation of a Bar Coded Sponge Counter System:
Impact on Retained Sponges After One Year" as part of a discussion panel
"We are honored to have our Safety-Sponge® solution validated by extensive, independent research conducted by such a prestigious institution and group of individuals. To my knowledge this is the first and only completely unsponsored clinical research on any technology solution to prevent retained surgical sponges. We will continue to follow the lead of the Mayo Clinic and other institutions to work to eliminate retained surgical sponges, a common yet entirely preventable surgical error," stated Brian E. Stewart, President and CEO of Patient Safety Technologies, Inc.
About Patient Safety Technologies, Inc. and SurgiCount Medical
Patient Safety Technologies, Inc., through its wholly-owned operating subsidiary SurgiCount Medical, Inc. provides the Safety-Sponge® System, a solution proven to improve patient safety and reduce healthcare costs by preventing one of the most common errors in surgery, retained foreign objects. For more information, contact SurgiCount Medical, Inc. at (951) 587-6201 or visit www.surgicountmedical.com.
Some statements in this release may be "forward-looking statements" for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in Patient Safety Technologies, Inc. Annual Report on Form 10-K for the year ended December 31, 2009, as updated from time to time in our filings with the Securities and Exchange Commission.
SOURCE Patient Safety Technologies, Inc.
Brian E. Stewart, +1-951-587-6201
Source: PR Newswire (September 23, 2010 - 9:15 AM EDT)
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FIOCRUZ Receives Regulatory Approval to Market Chembio DPP(R) HIV 1/2 Confirmatory Test in Brazil
Approval of 5-Parameter Multiplex Test Triggers $225K Initial Payment
Sep. 23, 2010 (Marketwire) --
MEDFORD, NY -- (Marketwire) -- 09/23/10 -- Chembio Diagnostics, Inc. (OTCBB: CEMI), which develops, manufactures, markets and licenses point-of-care diagnostic tests, has been notified that Bio-Manguinhos, a division of the Oswaldo Cruz Foundation of Brazil ("FIOCRUZ"), has received regulatory approval from Brazil's National Health Surveillance Agency ("ANVISA") to market Chembio's Dual Path Platform (DPP®) HIV 1/2 Confirmatory rapid test for use with whole blood, serum or plasma samples. The approval triggers a $225,000 initial payment to Chembio.
FIOCRUZ (www.fiocruz.br) is a world-renowned public health organization affiliated with the Brazilian Ministry of Health and is the Ministry's leading supplier for therapeutics, vaccines and diagnostic tests dedicated to public health. FIOCRUZ has entered collaborations with some of the world's leading biotechnology companies in fulfillment of its mission.
This is the second DPP® test developed by Chembio to receive regulatory approval in Brazil in the last three months. In June, the Company reported approval of its DPP® oral fluid HIV 1/2 screening test by ANVISA. This is however the first DPP® multiplex test employing Chembio's patented Dual Path Platform to received regulatory approval. One of the unique features of DPP® is its enabling of multiple parameter tests to be developed. The confirmatory test uniquely detects five different strains of HIV in a single point-of-care device.
During 2008 Chembio signed four agreements with FIOCRUZ relating to products based on the Company's DPP® technology, including this HIV confirmatory test. Previous to that, in 2004, Chembio and FIOCRUZ entered a successful collaboration pertaining to Chembio's HIV 1/2 STAT-PAK®. Under the DPP® HIV 1/2 Confirmatory rapid test agreement with FIOCRUZ, a technology transfer to FIOCRUZ for this product is contracted for, which is anticipated to occur in stages over a three-year period. During that period the agreement provides for minimum sales by Chembio to FIOCRUZ for this product and related components of approximately $4.7 million. Thereafter, it is anticipated that the technology transfer process will be completed. The agreement for the previously approved oral fluid HIV test, combined with this agreement pertaining to the HIV confirmatory test, represent combined potential aggregate sales of at least $13.5 million based on the minimum sales required under these agreements in order to complete the technology transfer.
Lawrence Siebert, Chembio's Chief Executive Officer, said, "This product approval is an important milestone relating to our DPP® technology, as it very clearly demonstrates the capabilities of our platform, replacing time-consuming, laboratory-dependent tests with products that can provide critical information at the point of care."
About Chembio Diagnostics
Chembio Diagnostics, Inc. develops, manufactures, licenses and markets proprietary rapid diagnostic tests in the growing $7 billion point-of-care testing market. Chembio's two FDA PMA-approved, CLIA-waived, rapid HIV tests are marketed in the U.S. by Alere North America, Inc. (formerly Inverness Medical Innovations, Inc.). Chembio markets its HIV STAT-PAK® line of rapid HIV tests internationally to government and donor-funded programs directly and through distributors. Chembio has developed a patented point-of-care test platform technology, the Dual Path Platform (DPP®) technology, which has significant advantages over lateral-flow technologies. This technology is providing Chembio with a significant pipeline of business opportunities for the development and manufacture of new products based on DPP®. Headquartered in Medford, NY, with approximately 100 employees, Chembio is licensed by the U.S. Food and Drug Administration (FDA) as well as the U. S. Department of Agriculture (USDA), and is certified for the global market under the International Standards Organization (ISO) directive 13.485. For more information, please visit: www.chembio.com.
Forward-Looking Statements
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed a review or audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Chembio's ability to obtain additional financing, to obtain regulatory approvals in a timely manner and the demand for Chembio's products. Chembio undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Chembio's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Chembio's success are more fully disclosed in Chembio's most recent public filings with the U.S. Securities and Exchange Commission.
Contacts:
Company:
Susan Norcott
(631) 924-1135 Ext. 125
snorcott@chembio.com
The Investor Relations Group:
Investor Relations:
James Carbonara
212-825-3210
jcarbonara@investorrelationsgroup.com
or
Media Relations:
Enrique Briz
212-825-3210
ebriz@investorrelationsgroup.com
Source: Marketwire (September 23, 2010 - 9:15 AM EDT)
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Camelot to Unleash Film Library at MIPCOM
World Content Market Starts October 4 in Cannes
Sep. 23, 2010 (Marketwire) --
UNIVERSAL CITY, CA -- (Marketwire) -- 09/23/10 -- Camelot Entertainment Group, Inc. (OTCBB: CMGR) ("Camelot") announced today that it expects to garner significant sales from its recently acquired film library at the 2010 World's Entertainment Content Market ("MIPCOM"). MIPCOM will take place from October 4-8, 2010 in Cannes, France. Leading Camelot's sales efforts at MIPCOM will be Jeffrey Giles, Camelot's Vice President of Sales.
"Camelot Dsitribution Group, along with our genre division DarKnight Pictures, has been steadily preparing for our first major market of the fall season," stated Jamie Thompson, President of Camelot Distribution Group. "We have already received significant buyer interest in many of our library titles in addition to our newer titles. We are really looking forward to this market."
Since completing its first substantial film library acquisition on April 28, 2010, Camelot has seen a steady increase in sales along with sustained growth in operations. MIPCOM marks the first time Camelot will have the opportunity to showcase its 800 plus title film library at a major market.
"These are exciting times for us," Thompson added. "With more than 20 employees and consultants now part of the Camelot family, everyone is working very hard to take Camelot to the next level. It's a long and difficult process, but everyone here is completely dedicated to achieving our goals. Our presence at MIPCOM is a major step for us."
ABOUT CAMELOT ENTERTAINMENT
Camelot Entertainment Group, Inc. (www.camelotent.com) is a US publicly traded company (OTCBB: CMGR) with four divisions: Camelot Film Group, Camelot Distribution and DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA).
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
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Contact:
Jonathon Russo
Camelot Entertainment
Email Contact
(772) 919-8747
Media Contact:
Jessica Kelly
Camelot Distribution
Email Contact
(818) 308-8858
Source: Marketwire (September 23, 2010 - 9:15 AM EDT)
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Bond Labs' NDS Nutrition Increases Sales By 35% for the Month of August
-- NDS Products Now Sold in Over 500 GNC(R) Franchise Stores --
Sep. 23, 2010 (Business Wire) -- Bond Laboratories, Inc. (OTCBB: BNLB) (Bond Labs), an innovative manufacturer of functional beverages and nutritional products, today announced that sales from its NDS Nutrition division increased 35% to $578,961 for the month of August, compared to $429,213 reported in August of 2009. The Company also announced that the number of GNC® franchise locations now selling NDS products has grown to 515 stores, up from 380 at the beginning of 2010. The GNC franchise store network is the primary distribution channel for NDS supplements.
“NDS has exceeded our expectations in terms of adding new customers and securing repeat orders. We have added 135 additional GNC franchise locations since the beginning of the year, a 35% increase, which is a testament to our staff's hard work and dedication. This growing retail network provides the premium shelf space to reach our defined markets nationwide,” said John S. Wilson, CEO of Bond Labs. “GNC corporate continues to be very supportive of bringing our products to market. Over the past few months, we have officially launched the dietary supplements Embrace™ and N-Test 600™. These products quickly sold out, and we are now filling repeat orders to replenish inventories at GNC stores. We anticipate this upward growth trend to continue in the third quarter.”
About Bond Labs
Bond Laboratories is a manufacturer of innovative nutritional supplements and beverages. The Company produces and markets products through its NDS Nutrition and Fusion Premium Beverages divisions. NDS' products number over 60 brands of energy, sports, and dietary supplements. These products are sold directly through specialty health and nutrition retailers, including top-selling products at GNC® franchises. Fusion Premium Beverages manufactures functional beverages, including the highly successful hangover prevention drink Resurrection™. Bond Labs is headquartered in Omaha, Nebraska, and maintains it primary sales operations in Dallas, TX. For more information, please visit http://www.bond-labs.com.
Safe Harbor
Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Investor Contact:
Surety Financial Group, LLC
Warren Rothouse or Bruce Weinstein
410-833-0078
Source: Business Wire (September 23, 2010 - 9:15 AM EDT)
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Echo Therapeutics to Present at the JMP Securities Healthcare Conference
Sep. 23, 2010 (PR Newswire) --
FRANKLIN, Mass., Sept. 23 /PRNewswire/ -- Echo Therapeutics, Inc. (OTC Bulletin Board: ECTE), a company developing its needle-free Symphony™ tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system and its Prelude™ SkinPrep System for transdermal drug delivery, today announced that Patrick T. Mooney, M.D., CEO, President and Chairman of the Board of Echo Therapeutics will present at the JMP Securities Healthcare Conference being held September 27-28, 2010 at the New York Palace Hotel, 455 Madison Avenue, New York, NY. The Company's presentation is scheduled for 4:30 p.m. ET on September 27, 2010 in the Kennedy I room. Management will be available during the day on September 27 for one-on-one meetings. Please contact your JMP Securities representative to schedule a meeting.
Dr. Mooney will discuss progress of the Company's robust technology platform. Echo Therapeutics recently announced the successful completion of a clinical study to evaluate the ability of Prelude to ablate the skin prior to the application of OTC 4% lidocaine cream for faster-acting local dermal anesthesia. In addition, Echo recently completed the initial product development work on its Prelude SkinPrep System and the Company is now focused on completing the final steps of its regulatory advance to commercialization and leveraging its key strategic partnerships to generate product-related revenue.
About JMP Securities
JMP Securities is a full-service investment bank that provides equity research, institutional brokerage and investment banking services to public and private growth companies and their investors. The firm is a subsidiary of publicly traded JMP Group Inc. (NYSE: JMP).
About Echo Therapeutics
Echo is developing the Symphony tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system for patients with diabetes and for use in hospital critical care units. Echo is also developing its needle-free Prelude SkinPrep System as a platform technology for enhanced skin permeation for delivery of topical pharmaceuticals.
Cautionary Statement Regarding Forward Looking Statements
The statements in this press release that are not historical facts may constitute forward-looking statements that are based on current expectations and are subject to risks and uncertainties that could cause actual future results to differ materially from those expressed or implied by such statements. Those risks and uncertainties include, but are not limited to, risks related to regulatory approvals and the success of Echo's and its partners' ongoing studies, including the efficacy of Echo's Symphony tCGM and Prelude SkinPrep Systems, the failure of future development and preliminary marketing efforts related to Echo's Symphony tCGM and Prelude SkinPrep Systems, Echo's ability to secure additional commercial partnering arrangements, risks and uncertainties relating to Echo's and its partners' ability to develop, market and sell diagnostic and transdermal drug delivery products based on its skin permeation platform technologies, including the Symphony tCGM and Prelude SkinPrep Systems, the availability of substantial additional equity or debt capital to support its research, development and product commercialization activities, and the success of its research, development, regulatory approval, marketing and distribution plans and strategies, including those plans and strategies related to its Symphony tCGM and Prelude SkinPrep Systems. These and other risks and uncertainties are identified and described in more detail in Echo's filings with the Securities and Exchange Commission, including, without limitation, its annual report on Form 10-K for the year ended December 31, 2009, its quarterly reports on Form 10-Q, and its current reports on Form 8-K. Echo undertakes no obligation to publicly update or revise any forward-looking statements.
For More Information:
Patrick T. Mooney, M.D.
Jeffrey Stanlis
Media: Richard Stern
Chairman and Chief Executive Officer
Partner, Hayden IR
Stern & Co.
(508) 530-0329
(602) 476-1821
(212) 888-0044
SOURCE Echo Therapeutics, Inc.
Patrick T. Mooney, M.D., Chairman and Chief Executive Officer of Echo Therapeutics, Inc., +1-508-530-0329; or Jeffrey Stanlis, Partner, Hayden IR, +1-602-476-1821; or Media, Richard Stern of Stern & Co., +1-212-888-0044, both for Echo Therapeutics, Inc.
Source: PR Newswire (September 23, 2010 - 9:10 AM EDT)
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Thunder Mountain Gold, Inc. to Begin Trading on the TSX Venture Exchange on September 24, 2010; Completes US$1.2 Million Private Placement
Sep. 23, 2010 (PR Newswire) --
ELKO, Nev. and BOISE, Idaho and VANCOUVER, British Columbia, Sept. 23 /PRNewswire-FirstCall/ -- Thunder Mountain Gold, Inc. (OTC Bulletin Board: THMG; TSX-V: THM-pending), is pleased to announce that its common shares will commence trading on the TSX Venture Exchange (the "TSX-V") on Friday, September 24, 2010 under the trading symbol "THM". The Company's common shares will continue to trade in the U.S. on the OTC Bulletin Board.
Upon closing of the private placement, the Company will have approximately 27 million common shares issued and outstanding. As part of the Company's listing requirements, an aggregate of 4,799,239 common shares controlled by Company Officers and Directors will be subject to the TSX-V's value security escrow requirements, applicable to a Tier 1 issuer, and will be released from escrow as follows: 25% of the escrowed shares at the time of listing and 25% of the escrowed shares every six months thereafter.
The Company's President, Jim Collord, stated, "We are pleased to finalize our listing on the TSX-V in order to gain access to the Canadian capital markets. It has been a long process and we are confident that the listing will greatly benefit our shareholders. We are also pleased to successfully close our latest financing, with the proceeds to be used on our flagship South Mountain Project located in southwestern Idaho. Drilling is scheduled to commence by early October on the extensive gold anomaly identified by the Company."
As a result of Thunder Mountain's receipt of TSX-V listing approval and commencement of trading, the Company is now in a position to close its previously announced non-brokered private placement. The Company will receive proceeds of US$922,330 (CAD$950,000) remaining from the sale of 6,208,271 Units. A finder's fee will be payable to Haywood Securities Inc. on the CDN$950,000, equal to a cash commission of 10 percent and share purchase warrants equal to 10 percent of the Units sold in the Offering. Proceeds of the private placement will be used for exploration on the Company's South Mountain Project, along with maintenance of other properties.
The securities were offered and sold in connection with applicable exemptions under U.S. and Canadian securities laws; and cannot be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Thunder Mountain Gold, Inc.
Thunder Mountain Gold was founded in 1935 and is an exploration company focused on discovering and defining quality, high-grade precious and base metal projects, primarily in politically stable regions such as the Western United States. Thunder Mountain Gold performs its own natural resource exploration and generates value for shareholders by demonstrating the value of its properties through comprehensive exploration, and seeking strategic partners to move its properties into production. South Mountain, the Company's flagship property located in Owyhee County, Idaho – just north of the Nevada border - is 100% owned and controlled by the Company and consists of a majority-private land package of over 1,200 acres. The Company's other precious metals properties include Clover Mountain in Idaho, the Trout Creek and West Tonopah in Nevada and two properties in Arizona.
Forward-Looking Statements
Statements made which are not historical facts, such as anticipated production, exploration results, costs or sales performance are "forward-looking statements", and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals prices volatility, volatility of metals production, exploration project uncertainties, industrial minerals market conditions and project development risks. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. Thunder Mountain Gold, Inc. undertakes no obligation to publicly update or revise any forward-looking statements.
Cautionary Note to Investors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.
SOURCE Thunder Mountain Gold, Inc.
Alison Ziegler of Cameron Associates, +1-212-554-5469, alison@cameronassoc.com, for Thunder Mountain Gold, Inc.; or Eric Jones, C.F.O., +1-208-658-1037, eric@thundermountaingold.com, or Jim Collord, President and C.E.O., jim@thundermountaingold.com, both of Thunder Mountain Gold, Inc.
Source: PR Newswire (September 23, 2010 - 9:00 AM EDT)
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Beardsworth® Selects OmniComm Systems® AE Reporting System
Safety Surveillance System to Complement OmniComm's TrialMaster EDC Solution
Sep. 23, 2010 (PR Newswire) --
FORT LAUDERDALE, Fla., Sept. 23 /PRNewswire/ -- OmniComm Systems, Inc. (OTC: OMCM), one of the fastest growing companies in the EDC marketplace, today announced that Beardsworth, a full service contract research organization (CRO) who specializes in difficult therapeutic areas, has selected OmniComm's AE Reporting System to enhance its safety reporting process. AE Reporting is an advanced adverse event reporting and information management system designed for the global collection, assessment, reporting, and analysis of clinical trial and post-marketing adverse events.
Michael O'Brien, Beardsworth's President & CEO states, "We are happy to incorporate OmniComm's AE Reporting System to broaden our ability in safety reporting, which is an essential element in the services to our clients." The robust functionality within AE Reporting will automate many of the complex activities associated with drug safety, including data entry, medical review, reporting and case distribution.
"We are extremely pleased that Beardsworth has selected AE Reporting to be part of its global safety surveillance practice," commented Stephen Johnson, President & COO of OmniComm Systems, Inc. "We are committed to providing leading solutions and services across the eClinical spectrum to aid our clients with their complex clinical research needs." Last year Beardsworth implemented OmniComm's TrialMaster EDC solution for capturing and processing clinical trial data. AE Reporting will be integrated with TrialMaster, to fully automate the safety handling process from the initial capture of the AE to the submission to the FDA and other regulatory authorities.
About Beardsworth
Beardsworth Consulting Group, Inc. (www.beardsworth.com) is a full-service CRO whose service offerings span all stages of drug development and clinical trial management. With a command of the complex trial, Beardsworth's niche expertise focuses on oncology/supportive care and vaccine/anti-infective therapeutics. In business since 1986, Beardsworth brings 20+ years of experience, expertise and commitment to provide solution-based business models for results on time and within budget. A woman-owned business, Beardsworth is proud to be WBENC-certified. Headquartered in Flemington, New Jersey, Beardsworth's network of medical monitors and strategic alliances provide a global reach that is local in connection. Beardsworth is the founding partner of OncologyOne – an alliance of "best in class" regional CROs providing full service business and research strategies for global oncology trials.
About OmniComm
OmniComm Systems, Inc. (www.OmniComm.com) provides customer-driven Internet solutions to pharmaceutical, biotechnology, research and medical device organizations that conduct life changing clinical trial research. OmniComm's growing base of satisfied customers is a direct result of the company's commitment to deliver products and services that ensure ease of use, faster study build, ease of integration and better performance. OmniComm's pricing model is easily understood and allows companies ranging from small, to large, to maximize their clinical research investments. OmniComm Systems, Inc has U.S. headquarters in Fort Lauderdale, FL and European headquarters in Bonn, Germany, with satellite offices in New Jersey and the United Kingdom, as well as sales offices throughout the U.S. and Europe.
Safe Harbor Disclaimer
Statements made by OmniComm included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the Company's ability to obtain new contracts and accurately estimate net revenues due to uncertain regulatory guidance, variability in size, scope and duration of projects, and internal issues at the sponsoring client, integration of acquisitions, competitive factors, technological development, and market demand. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the Company's financial results can be found in the Company's Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT:
Mark Rice
OmniComm Systems, Inc.
858-259-2365
mjrice@omnicomm.com
SOURCE OmniComm Systems, Inc.
Mark Rice, OmniComm Systems, Inc., +1-858-259-2365, mjrice@omnicomm.com
Source: PR Newswire (September 23, 2010 - 9:00 AM EDT)
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Scientific Industries Declares a Cash Dividend
Sep. 23, 2010 (GlobeNewswire) --
BOHEMIA, N.Y., Sept. 23, 2010 (GLOBE NEWSWIRE) -- Scientific Industries, Inc. (OTCBB:SCND), reported on Tuesday, September 21, 2010 that its Board of Directors declared a cash dividend of $.09 per share of Common Stock payable on December 15, 2010 to holders of record as of the close of business on October 18, 2010.
About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie® Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.
The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715
"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB."
CONTACT: Scientific Industries, Inc.
Helena Santos
631-567-4700
info@scientificindustries.com
Source: Globe Newswire (September 23, 2010 - 9:00 AM EDT)
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Liberty Energy Provides an Operational Update on the Lockhart Project, Texas
Sep. 23, 2010 (GlobeNewswire) --
HOUSTON, Sept. 23, 2010 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (OTCBB:LBYE) ("Liberty" or "the Company") is pleased to provide an update on its current operations in Caldwell County, Texas.
The Lockhart Northeast Project in Caldwell County consists of four land tracts containing eight wells (five re-entry wells and three shut-in wells) over two leases.
The company is in the process of re-entering 3 wells and drilling out 1 well on the lease. The four wells in question are located on 3 tracts of land known as the Alexander A, housing 1 re-entry well called the #2, the Alexander B, housing 2 shut-in wells called the #1 & #3 and the Anton, housing 1 shut in well called the Anton #1.
There are 4 main pay zones in this area that our wells could produce from, which are the Serpentine, Dale Lime, Austin Chalk & Buda. That being said, new field discoveries are possible in the Buda, Serpentine and Dale Lime on these leases based on logged but undeveloped shows. These are wells that have IP'd (Initial Production) at 200+ barrels of oil per day. Cumulative production from 3,000 to 10,000+ barrels of oil per well have been achieved. With the application of acid/fracture jobs and/or "far-out perforating" it is believed that the company would be able to increase production and possibly access undeveloped reservoirs that could produce at significantly higher daily rates and overall total production.
"We are extremely pleased with the progress made thus far. There is still plenty of work to be done, but we are optimistic following the initial results of the #1 & #3 wells on the Alexander B. We are working hard behind the scenes exploring the possibilities of new field discoveries. We still believe that if proven viable, this lease holds enough space to house a potential further 282 new wells," commented Ian Spowart, CEO of Liberty Energy Corp. For more information and pictures of the team at work on this and other activities of the Company, please see the Liberty Energy website: www.energy-liberty.com/projects/texas
ABOUT LIBERTY: Liberty Energy Corp. (OTCBB:LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has signed agreements to acquire leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, four leases – Dahlstrom, Ratliff, and two at Lockhart Northeast – are identified as rich oil and gas sites based around numerous geological pay zones. In North-West Bulgaria, Liberty has acquired royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low-sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of US fuel reserves while seeking out further opportunities for the global energy markets.
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
ON BEHALF OF THE BOARD OF DIRECTORS,
Liberty Energy Corp
Ian Spowart Chief Executive Officer
CONTACT: Liberty Energy Corp.
713-353-4700
Fax: 713-353-4701
info@energy-liberty.com
Investor Relations:
1-877-890-1650
ir@energy-liberty.com
Two Allen Center
Suite 1600
1200 Smith Street
Houston, TX 77002
Source: Globe Newswire (September 23, 2010 - 9:00 AM EDT)
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Document Capture Introduces the DocketPORT(R) 540 ID Card and Passport Security Scanner
Ultra-Fast Image Capture Technology Utilizes Multiple Light Sources for Enhanced Accuracy
Sep. 23, 2010 (Marketwire) --
SAN JOSE, CA -- (Marketwire) -- 09/23/10 -- Document Capture Technologies, Inc. (OTCBB: DCMT), an IP-driven leader in the design, development, manufacture and sale of advanced imaging technologies, today announced the release of the DocketPORT 540 passport and ID card scanner.
The Model 540's small footprint design is directly applicable to the retail, commercial and security markets; including passport logging, hotel check-in, ID card recording as well as a myriad of medical and event registration applications.
With color, grayscale and infrared scanning modes, image capture is achieved within two seconds; ten times faster than most conventional scanning technologies. The 540 has no moving parts, utilizes the Twain 1.9 imaging standard and is compatible with both the 32 and 64 bit versions of Windows 7, Vista and XP.
"The DP540 is the culmination of discussions with our clients, primarily OEMs and VARs, and continues our mandate of developing the most innovative and cost-effective document capture products," said David P. Clark, Chief Executive Officer of Document Capture. "The market for ultra-fast ID image capture, while vast, is underserved. We believe that the 540 exceeds our stringent client requirements and has the potential to become the leader of its category in a significant number of sectors, including finance, security, healthcare and retail."
At the heart of the 540's speed and power is a camera based image capture system (CMOS) as opposed to the standard Contact Image Sensor (CIS) technology used currently. While it allows one page scanning, the 540's flat surface allows the efficient image capture of passports and other bulky ID or registration documents. As the leader in page-fed USB powered scanning technology, the 540 expands Document Capture's product offerings and fills a significant market need in the image capture technology space.
About Document Capture Technologies
Document Capture Technologies (OTCBB: DCMT) is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture platforms. DCMT provides more than 30 different products across five distinct categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VARs and other system integrators, including NCR, Qualcomm, Burroughs and Brother.
For additional information, please see Document Capture Technologies' corporate website: www.docucap.com.
This press release is neither an offer to sell nor the solicitation of an offer to buy any securities of DCMT.
Forward-Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. DCMT undertakes no obligation to update publicly any forward-looking statements.
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Company Contacts:
Document Capture Technologies, Inc.
David P. Clark
CEO
408-213-3701
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Josh Madonna
Senior Product Marketing Manager
408-213-3713
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Source: Marketwire (September 23, 2010 - 9:00 AM EDT)
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CLEV Appoints New President
Sep. 23, 2010 (Marketwire) --
CANTON, OH -- (Marketwire) -- 09/23/10 -- Canton, OH-based, Concrete Leveling Systems, Inc. (OTCBB: CLEV) is pleased to announce the most recent change in the company's executive management structure; Edward A. Barth has joined CLEV's management as President of the company, effective September 22, 2010. Edward has acted as a technical adviser to the company and will continue to oversee all aspects of CLEV as its new President.
Suzanne I. Barth, CLEV's Founder states, "With all the exciting momentum CLEV has enjoyed over our last 3 quarters of growth and sales, the Board believed it was the proper time to have Ed join CLEV's management team. Ed has managed several Public Companies in his past and with Ed's engineering background and 10 years of concrete leveling experience, CLEV is very pleased he has accepted this position."
Concrete Leveling Systems, Inc. manufactures a truck mounted concrete leveling system to raise and re-align sunken concrete slabs. Common applications are; steps, sidewalk, patios, and driveways with specialty application in floors, streets and swimming pool decks. For more information please visit our web site at www.clsfab.net.
Contact:
Concrete Leveling Systems, Inc.
Edward A. Barth
330-966-8120
Source: Marketwire (September 23, 2010 - 9:00 AM EDT)
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EVCARCO (OTCBB: EVCA) Releases Highly Anticipated Next Generation TAZZARI-ZERO -- Latest Innovations and 2012 TAZZARI Roadster
The Jewel of EVCARCO'S Line Up Showcases Its Latest Advancements and Unveils the 2012 TAZZARI ZERO Spider
Sep. 23, 2010 (Marketwire) --
DALLAS, TX and ROME -- (Marketwire) -- 09/23/10 -- EVCARCO (OTCBB: EVCA) is pleased to present to the shareholders of EVCARCO the latest update from its Italian manufacturer TAZZARI.
FROM TAZZARI GROUP ITALY www.tazzari-zero.com
Over 6 months have passed since ZERO was launched. While a discerning public admires its technological features, ecological concept, its design and the performance of this all-electric vehicle built using cutting-edge techniques, the TAZZARI team is busy planning and defining the vehicle's coming innovations.
What's in store for 2011:
Planned for spring next year there will be a number of innovations that are currently at an advanced stage of development.
These include a driver control panel with touch-screen technology. Part of the dashboard, the new control panel will give the driver easy, finger-tip control over a range of vehicle functions. Its design is essential and ultra-modern and this instrument represents a major innovation in the automotive sector, bringing it closer to that of latest-generation communication devices such as the iPod.
Externally, there will be a number of new optional features such as LED lights and front fog lamps. As far as drivability is concerned, adjustable suspensions are being developed to suit all road types, from urban freeways to off-road surfaces. Further developments for ZERO remain top-secret for the time being, but will be disclosed at the end of the year and will be available in 2011.
Spring 2012 will see the Roadster take to the roads.
Just 18 months before we will see the open top version of the TAZZARI ZERO ready for those star-filled summer nights. Available in Spring 2012, the TAZZARI ZERO Roadster is perfect for the free-spirited lovers of driving sensations.
Click on the following link in this newsletter to view a sneak preview of the official design concept and give us your opinion: http://www.tazzari-zero.com/index.asp?lan=eng&pag=ZERO%20Roadster
www.tazzari-zero.com/ZERO Roadster
Finally, we would like to wish all our readers a great summer break, dreaming of the ZERO Roadster!
TAZZARI GROUP
Scott O'Neal, COO of EVCARCO, stated, "As EVCARCO moves forward to find forward thinking, Future Driven®, dealers in the U.S. & South America we are excited to be working with TAZZARI as they develop new products, improve advanced technology & performance. We feel that working with an Italian manufacturer with executive styling & sustainable technology will make our future not only greener, but the envy of the road."
About EVCARCO
EVCARCO Inc. (www.evcarco.com) is the Future Driven® automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.
Forward-Looking Statement
This release contains forward-looking statements that reflect EVCARCO Inc. plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
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Media Contact:
Richard Griffiths
Press and media
Email Contact
800-486-3404
Peter Hirsch
General Counsel/Investor relations
Email Contact
800-960-1452
Source: Marketwire (September 23, 2010 - 8:53 AM EDT)
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EnergyConnect Group Inc names Gary D. Conley chairman
Sep. 23, 2010 (M2 Communications Ltd.) --
EnergyConnect Group Inc (OTCBB:ECNG), a provider of smart grid demand response services and technologies, reported on Wednesday the appointment of Gary D. Conley as chairman of the board.
Conley replaces William C. McCormick, who resigned with effect from 17 September 2010.
Conley is president and CEO of H2Go Inc and also serves as chairman and CEO of its spin-off, b2u Solar. Five years ago he co-founded SolFocus, where he remains chairman and acted as CEO until 2009.
Earlier Conley was CEO of GuideTech, senior vice president at Credence Corp and president of EPRO.
Conley first joined the EnergyConnect board as a director in December 2005.
(Comments on this story may be sent to info@m2.com)
Source: M2 Presswire (September 23, 2010 - 8:49 AM EDT)
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Defense Department Selects Axion's Recycled Structural Composite (RSC) Building Material for Ft. Lee Pedestrian Bridge
DOD is surging ahead of the civilian market in its use of "Green"
building materials for heavy and light-duty construction
Sep. 23, 2010 (Business Wire) -- Axion International (OTCBB: AXIH) producer of the world’s strongest recycled, composite plastic industrial building products, announced today that construction has begun on a new pedestrian bridge, comprised of Axion’s 95.5% Recycled Structural Composite (RSC) at Fort Lee, Virginia, home to the Combined Arms Support Command.
“This is the fifth military project incorporating Axion’s patented next-generation recycled plastic building materials,” explains Jim Kerstein, Axion CEO. “Our RSC can be engineered to support 80-ton tanks or 130-ton locomotives, or in this case, to facilitate improved foot-traffic within Fort Lee. One of our product’s unique advantages over traditional materials is the fact that it is extremely scalable and cost-effective in both heavy and light-duty applications.”
The Department of Defense has been quick to recognize and utilize Axion’s RSC for both large and small-scale projects. Compared to traditional infrastructure materials such as wood, steel or concrete, Axion's innovative products are lighter, easier and quicker to install and significantly longer lasting. On top of cost-savings, improved durability and reduced maintenance, Axion’s RSC is perhaps the greenest industrial building material in existence.
“In the five Department of Defense projects Axion has supplied construction materials for in the last two years, over 500,000 pounds of plastic have been diverted from the nation’s landfills,” Kerstein continued. “That’s roughly 3.2 million milk jugs and detergent bottles; enough to stretch end-to-end from Washington, D.C. to Boston, Massachusetts.”
Developed in conjunction with Rutgers University’s Materials Sciences and Engineering Department, Axion’s RSC is inert and contains no toxic materials. It is impervious to insect infestation, will never leach toxic chemicals nor warp. Because it is lighter than traditional materials, transporting RSC is less expensive and reduces energy costs. In addition, RSC is completely recyclable at the end of its functional life.
The design and engineering work for the pedestrian bridge was supported by Virginia-based Centennial Contractors Enterprises, the prime job order contractor for the project. Innovative Green Solutions, an Axion channel partner, led the sales efforts, negotiations and development of the project.
About Axion International
Axion International is a leading structural solution provider of cost-effective alternative infrastructure and building products. The Company’s "green" proprietary technologies allow for the development and manufacture of innovative structural products made from 100% recycled consumer and industrial plastics. Axion's up-cycled products are an economic and sustainable alternative to traditional building materials such as wood, steel or concrete. Developed in collaboration with scientists at Rutgers University, Axion's patented technologies allow for products that are extremely strong, durable, flexible in design, and low maintenance.
For additional information, please visit Axion’s corporate website:
www.axionintl.com
About Centennial Contractors
For more than 20 years, Centennial Contractors Enterprises, Inc., has been a leader in providing responsive construction solutions supporting government, educational and business facilities and infrastructures. Its project focus is on renovation, rehabilitation and repair, including adding sustainable systems into its clients' existing facilities. To date, Centennial has supported over $2 billion in project solutions for its diverse customer base. Centennial is headquartered in Reston, VA and has 40 offices across the country. For more information go to http://www.cce-inc.com or contact@cce-inc.com.
About Innovative Green Solutions
Innovative Green Solutions (IGS) is a woman owned small business and an Axion preferred partner for sales and distribution to the federal government. IGS understands our nation's need to create sustainable green solutions in our construction, transportation and facilities management projects and is positioned to "Preserve Tomorrow with Today's Solutions". For more information please visit: http://www.igsfederal.com
Forward-Looking Statements
This release contains "forward-looking statements". These forward-looking statements, including claims about Axion’s products durability and maintenance costs, are based on management’s present expectations and beliefs and are subject to various risks and uncertainties that could cause Axion’s actual results to differ materially from those currently anticipated, including the risk that research and experience to date will not accurately predict longer-term results and other risk factors identified in Axion’s filings with the Securities and Exchange Commission.
Axion International
Corporate Relations
Jason Baum, 908-542-0888
jbaum@axionintl.com
or
Media Relations
Sean Mahoney, 310-867-0670
seamah@gmail.com
Source: Business Wire (September 23, 2010 - 8:45 AM EDT)
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