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Salt Lake City International Airport Contracts for a Suite of PASSUR(R) Solutions
Revenue capture and airfield optimization are addressed
Sep. 23, 2010 (PR Newswire) --
STAMFORD, Conn., Sept. 23 /PRNewswire/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Salt Lake City International Airport has contracted for PASSUR airport solutions designed to deliver revenue optimization and operational efficiency, safety, and cost effectiveness for key airport users. Specific solutions selected for subscription are the PASSUR Landing Fee Management program and the PASSUR Field Condition Reporting program, including eNOTAMs integration.
"Our customers expect a predictable travel experience and cost-effective management of our aviation operation," said Maureen Riley, Executive Director, Salt Lake City Department of Airports. "Airline carriers, in particular, want us to partner in helping them deliver a profitable, on-time schedule. The PASSUR solution sets are part of our ongoing commitment to deliver to our partners."
"We are so pleased to be expanding our relationship with Salt Lake City International Airport," said Jim Barry, President and CEO of PASSUR Aerospace. "This is a passionate, dedicated group of professionals who have understood the value of information, automation, and collaboration in executing on their core mission."
The PASSUR Flight Operations Revenue Management Program
Airports today are expected to capture all revenues from all flights, assure their airline partners that fees are levied fairly, transparently, and efficiently, and explore new avenues of activity-based revenue. The legacy system of airline self-reporting has become a complex, time-consuming, and inefficient process. The PASSUR Landing Fee Management Program and Airport Management Business Intelligence Reports put airports in control of these critical revenue streams by giving them and their airline partners the independent, standardized and accurate information tools they need to ensure complete revenue capture, quicker revenue recognition and payment, and effective forecasting and analysis. The program also includes the option for a rich aviation operation statistics data feed into Airport Operational Database (AODB) systems.
The PASSUR Airport Operations Program
Airports are being asked to provide more cost-effective, efficient, and safe airfield operations for carriers, to help them achieve greater throughput, quicker turns and fewer ground delays - critical elements of airline profitability in today's challenging environment. Airports also want to consolidate as many airfield management functions onto a single platform to minimize staff requirements. The PASSUR Airport Operations Program provides airport ramp tower, operations and communication centers the alerts, decision support, planning and analysis tools they need to run a more efficient and safe operation, and the web platform for cost-effective communication, coordination and collaboration with all the airport's key constituencies. It includes modules for field condition reporting/eNOTAM integration, live dashboards of key operations metrics, flight and airspace visualization, and extended ground delay management.
About PASSUR Aerospace, Inc.
PASSUR Aerospace, Inc. is a business intelligence company which provides its customers predictive analytics built on proprietary algorithms and on the concurrent integration and simultaneous mining of multiple databases. We believe we provide the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves most major airlines (including 6 of the top 7 North American airlines, as well as the top five hub airlines), over 50 airport customers (including 10 of the top 15 North American airports), more than 200 corporate aviation customers, and the U.S. Government. PASSUR's system is driven by its proprietary, patented, business intelligence software which is powered by a unique North American network of 140 passive radars, company owned, including one located at each of the top 35 U.S. airports. Other PASSURs are located in Europe and Asia. Flight tracks are updated every 4.6 seconds, thereby providing a system which is user-friendly and useful for decision-making. Visit PASSUR Aerospace's web site at http://www.passur.com for updated products, solutions, and news.
The forward-looking statements in this news release relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2009 Form 10K, and the July 31, 2010 10Q.
Contact:
Ron Dunsky
(203) 622-4086
rondunsky@passur.com
SOURCE PASSUR Aerospace, Inc.
Ron Dunsky, PASSUR Aerospace, Inc., +1-203-622-4086, rondunsky@passur.com
Source: PR Newswire (September 23, 2010 - 8:41 AM EDT)
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Garb (OTCBB: GARB) Is Launching Its High Throughput Refrigerator Waste Recycling Secondary Shredder and Granulators, Available for Sale Immediately (OTCQB: GARB)
The Garb R80 With Innovative Knife Adjusting Technology and 5 Year Warranty
Sep. 23, 2010 (Marketwire) --
SALT LAKE CITY, UT -- (Marketwire) -- 09/23/10 -- Garb Oil & Power Corporation (OTCBB: GARB) (OTCQB: GARB) www.garbop.com announces the introduction of its heavy duty, high throughput Secondary Shredders and Granulators, using knife adjusting technology.
Garb President John Rossi states, "We have provided all of our Secondary Shredders -- Granulators with semiautomatic, or as an option fully automatic, knife adjustment system. This means the knife can be adjusted during operation without stopping the machine. This procedure leads to a re-sharpening of knives." Garb CTO Igor Plahuta states, "To make this happen, we have implemented this knife adjustment system in our Secondary Shredders in order to ensure a more or less equal rotor knife position in relation to the stator knives. This is very important for wear intensive production such as tire and e-scarp shredding, where the knives need to be adjusted 4 times a day which normally creates a downtime of 3-4 hours each day. By this adjustment system we have created a machine with an availability of 95%. In less wear intensive applications, like waste shredding, the availability of the machine is more important. Large volume plants rely on the capacity and workability of such machines to sustain throughput and maximize production."
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Secondary Shredders - Granulators
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Rotor
dimension Screen size
sizes in Max. power Weight in in Through put
PRODUCT NAME inches (mm) in kw tons inches (mm) rate
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Refrigerators
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GARB R80/120 36.4 x 54.5 250 35 1.22 (27) 100-150
(800 x 1200) units/h
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ALL MACHINES HAVE A 5 YEAR WARRANTY*
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*wear and tear parts excluded
Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle™ technology and NoWaste™ residue. Our processing plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR, are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste™. It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle™ principle and a world with NoWaste™ www.garbop.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.
Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation is not required to update its forward-looking statements.
CONTACT:
Garb Oil & Power Corporation
John Rossi
President
Ph: +1-801-7381355
Fax: +1-801-7381102
Email Contact
www.garbop.com
Source: Marketwire (September 23, 2010 - 8:38 AM EDT)
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Sky Petroleum Releases McKinsey Valuation on Albanian Exploration Blocks
Three Exploration Blocks- Four, Five, and Dumre Valued between $1
Billion to $3 Billion
Sep. 23, 2010 (Business Wire) -- Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company, today released the findings of a detailed report written in cooperation with McKinsey & Company, one of the world’s leading consulting firms, assessing the potential value of the three exploration blocks, Four, Five and Dumre (the “Albanian Blocks”). The report estimates the Albanian Blocks:
contain a mean un-risked reserve potential of 875 million barrels of oil equivalent (MMBOE);
with a conservative average success rate of approximately 24%, which would translate to a mean risked reserve potential of 220 MMBOE;
have a potential market value of between $1 billion to $3 billion based on expected P90 reserves of approximately 105 MMBOE at $10 to 30 per barrel of oil equivalent (BOE); and
possess a mean net present value of about $2.1 billion based on a stochastic discounted cash flow valuation of their likely commercialization.
According to the findings, which are based on previous reserve estimates, there are significant reserves contained in the Albanian Blocks. Each block has promising prospects with existing data, including seismic and well logs. The National Agency of Natural Resources of Albania (“AKBN”) provided the company and its consultant access to previous reserves studies including one prepared by OMV, Austria’s largest oil-producing, refining and retail operating company.
“This report echoes that our efforts in Albania are well founded and will be highly accretive for the people of Albania as well as our shareholders,” commented Karim Jobanputra, chief executive officer of Sky Petroleum, Inc. “We are in the process of outlining our operational plan, which will be submitted to AKBN shortly.”
Exploration Blocks Four, Five, and Dumre
Sky Petroleum has been granted exclusive rights under the Production Sharing Contract (“PSC”) to three exploration blocks totaling approximately 5,000 km2 (1.2 million acres), representing approximately 20% of the landmass of Albania. In addition to the exploration rights, the company will also have access to more than 1,200 km of 2-D seismic data. The PSC has a seven-year term with three exploration periods. Upon commercial discovery of gas, the agreement allows for development and production periods of 25 years plus extensions at the Company’s option.
Block Four is located in southeast Albania, bordering on Greece. The exploration block covers an area of approximately 2,264 km2 (540,000 acres). The area has four identified leads and prospects on the block with a total estimated reserve potential of 350 MMBOE.
Block Five is located in southwest Albania next to the Adriatic Sea and covers an area of approximately 2,076 km2 (498,000 acres). The block has a total of five identified prospects or leads with a total estimated reserve potential of 375 MMBOE.
Block Dumre is located immediately north of the Kucova oil field and covers an area of approximately 623 km2 (149,000 acres). Based on analogous discoveries, it is estimated that the Dumre prospect contains approximately 500 to 700 MMBOE OOIP.
About the Republic of Albania
Albania has a population of 3.5 million people and is located 50 km east of Italy, across the Adriatic Sea in Southeast Europe. Albania is a member of NATO, and has applied to join the European Union. Albania is a proven hydrocarbon producing region with earliest known bitumen production dating back to the Roman Empire. Modern exploration began in the early 1900’s. The Patmos – Marinza and Kucova heavy oilfields are among the largest oilfields in Europe. To date there have been ten significant field discoveries that have produced more than 150 million barrels.
About Sky Petroleum
Sky Petroleum (OTCBB: SKPI) is an oil and gas exploration company. Sky Petroleum's primary focus is to seek opportunities where discoveries can be appraised rapidly, and developments can be advanced either by accessing existing infrastructure, or by applying the extensive experience of established joint-venture partners. In addition, the company also plans some higher risk, higher reward exploration prospects. For additional information please visit www.skypetroleum.com.
Safe Harbor
Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the competitive environment within the oil and gas industry, the extent and cost effectiveness with which Sky Petroleum is able to implement exploration and development programs in the oil and gas industry, obtaining drilling equipment on a timely fashion, commodity price risk, and the market acceptance and successful technical and economic implementation of Sky Petroleum's intended plan. Additional discussion of these and other risk factors affecting the company's business and prospects is contained in the company's periodic filings with the SEC.
Sky Petroleum, Inc.
Investor and Public Relations, 512-687-3427
info@skypetroleum.com
Source: Business Wire (September 23, 2010 - 8:35 AM EDT)
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Zacks Reiterates 'Outperform' Rating for CardioGenics Holdings Inc.
Sep. 23, 2010 (PR Newswire) --
MISSISSAUGA, Ontario, Sept. 23 /PRNewswire/ -- Zacks Equity Research issued an update report on CardioGenics Holdings Inc. (OTC Bulletin Board: CGNH) with a six-month price target of $1.22 per shares and a reiteration of its 'Outperform' rating.
The 24-page report, which references CardioGenics' 10-Q for the period ended July 31, 2010, reviews the company's portable QL Care™ Analyzer, initially for emergency room heart attack testing, and its paramagnetic bead supply agreements with Merck-Chimie. The company expects to file for FDA 510K approval of its portable QL Care™ Analyzer in 1Q 2011.
The Zacks report details the market potential of the QL Care™ Analyzer and the broad range of immunoassay tests it will be capable of performing, as well as the market potential for the company's proprietary paramagnetic beads.
For copy of the report visit:
http://redingtoninc.com/emailattach/Zacks-CGNH-September 2010.pdf
About CardioGenics Holdings Inc.
Through its operating subsidiaries, the Company develops ultra-sensitive analyzers and other products targeting the immunoassay segment of the Point-Of-Care IVD testing market. It has developed the QL Care™ Analyzer, a proprietary and ultra-sensitive Point-Of-Care immuno-analyzer, which will run a number of diagnostic tests under development, the first of which will be a series of cardiovascular diagnostic tests. As part of its core proprietary technology, the Company has also developed a proprietary method for silver coating paramagnetic microspheres (a fundamental platform component of immunoassay equipment), which improve instrument sensitivity to light. The Company's principal offices are located in Mississauga, Ontario, Canada. For more information please visit www.cardiogenics.com.
Safe Harbor Statement - Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate, "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission.
SOURCE CardioGenics Holdings Inc.
Investor Relations: Redington Inc., CardioGenics Desk, +1-203-222-7399
Source: PR Newswire (September 23, 2010 - 8:30 AM EDT)
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Defentect To Demonstrate DefenCall at Global Disaster Event, Exercise 24
Sep. 23, 2010 (PR Newswire) --
NORWALK, Conn., Sept. 23 /PRNewswire/ -- Defentect Group, Inc. (OTC Bulletin Board: DFTC), a developer and provider of immediate intelligent messaging applications and services, announced today that the Company will participate in Exercise24 ("X24") on September 24 & 25. X24 is a collaborative disaster-training event facilitated by San Diego State University's Homeland Security Master's Program and its Immersive Visualization Center ("Viz Center"). Many of the components of X24 will be highlighted on the Google Apps and Sites partnership of the Viz Center and the US Navy at InRelief.org (http://www.inrelief.org), which was a significant aid in disasters like Haiti, the Mexicali earthquake, and the Gulf oil spill.
X24 will focus on testing advanced technologies with the goal of improving the ability and velocity of communications between military and civilian organizations during a disaster. The exercise will play out through a multitude of scenarios including a tsunamigenic event, oil spills and severe property destruction resulting from several massive earthquakes in California. Participants will use the showcased technologies to test reporting effectiveness and measure the life saving abilities each technology provides.
Defentect has a long-standing relationship with the Viz Center and will be taking part in the event by providing participants, including government, state and commercial organizations, with its robust and innovative smartphone application, DefenCall. The application will be used to communicate information in real time from participants to the field commanders and the X24 command center.
DefenCall is available to smartphone users who wish to enhance their personal security and safety. A touch of the alert button will immediately communicate a user's GPS location and other pertinent information to those who can be of immediate assistance. The use of DefenCall during X24 will demonstrate the versatility of Defentect's technology and allow many different organizations to experience DefenCall's ability to communicate critical and timely personal emergency and disaster information.
"We are proud to support InRelief.org and the X24 event," commented Jeff Knapp, President and COO of Defentect Group. "We are constantly seeking new ways to employ our technology, and are honored with the opportunity to provide our application to X24 participants. This is an exceptional opportunity to demonstrate DefenCall as an effective and versatile application that can be used to enhance safety and security significantly in many situations."
Prof. Eric Frost, Founder and Director of the SDSU Viz Center, and Co-Director of the Homeland Security Master's Degree Program (with Jeff McIllwain) stated, "X24 is trying to assist our nation and many other nations in disaster response with the cleverness and affordability of these new technologies as they enable decision makers to have massive input from the public to help bring solutions to the community in times of extreme need."
For more information about Exercise 24, click here.
About Defentect Group, Inc.
Defentect Group, Inc. develops and delivers intelligent messaging software solutions to facilitate the response to the detection of a threat. Defentect's proprietary technology immediately notifies key personnel and first responders so that appropriate action can be taken when a threat event occurs. The software platform is easily integrated with a wide variety of sensors and smartphones, making it attractive to many potential partners and manufacturers. For more information, visit www.defentect.com and www.defencall.com.
About InRelief.org
InRelief.org's mission is to increase the velocity of the response during Humanitarian Assistance and Disaster Relief (HADR) events by connecting military/civilian organizations, disseminating data freely over the internet, and providing the collaborative tools to expedite the sharing of critical information. www.InRelief.org
SAFE HARBOR STATEMENT: This press release may contain "forward-looking statements" that are made pursuant to the "safe harbor" provisions as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," and similar expressions. These statements are based upon management's current expectations as of the date of this press release. The Company cautions readers there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those indicated in the forward-looking statements. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's filings with the SEC under the "Risk Factors" sections and elsewhere in those filings.
SOURCE Defentect Group, Inc.
Michael Irving, +1-800-380-4846, ir@defentect.com
Source: PR Newswire (September 23, 2010 - 8:30 AM EDT)
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Lithium Corporation Increases Fish Lake Valley Claim Block, Prepares to Drill
Sep. 23, 2010 (Business Wire) -- Lithium Corporation (OTCBB: LTUM) (the "Company", or “Lithco”) is pleased to announce it has recently added an additional 960 acres of prospective mineral claims to its Fish Lake Valley land holdings in Esmeralda County Nevada. This brings the total area currently held by Lithium Corporation to approximately 7360 acres.
The Company has made an application to the Bureau of Land Management (BLM) for the appropriate permits. Permit approval is moving through the final stages of review and approval, and the Company has therefore initiated negotiations with drilling contractors.
For further information please contact Tom Lewis at (888) 299-3989 or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration and discovery of new, clean energy-related resources. The company is focused on its Fish Lake Valley Lithium Brine prospect in Esmeralda County Nevada, however it continues to investigate, or evaluate other lithium opportunities in other jurisdictions. For further information please visit the Company’s website www.lithiumcorporation.com
Forward-Looking Statements
Included in this release are certain "forward-looking" statements involving risks and uncertainties which are intended to conform to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel and general economic conditions, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important risk factors that should be considered may be contained in the Company's Annual Report on Form 10-K and its Reports on Form 10-Q to be filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Lithium Corporation
Tom Lewis, 888-299-3989
info@lithiumcorporation.com
Source: Business Wire (September 23, 2010 - 8:30 AM EDT)
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Vuzix Corporation Awarded Contract to Develop Personnel Tracking System for U.S. Army
Sep. 23, 2010 (Marketwire) --
ROCHESTER, NY -- (Marketwire) -- 09/23/10 -- Vuzix Corporation (TSX-V: VZX) (OTCBB: VUZI) has been awarded a $643,000 contract through July 2011 from the U.S. Army's Research, Development and Engineering Command (RDECOM) to design a wearable computing system that will allow command units to have precise positioning information on soldiers in areas where a global positioning system (GPS) is not operable. As part of this effort, Vuzix will develop a see through, transmissive display engine upgrade for the TAC-EYE® LT head mounted display, giving commanders an augmented view of the Battlespace.
The upgraded system is expected to provide Operators with a reliable sensor package for use in GPS challenged areas. This is critical because dismounted soldiers frequently operate in GPS-denied or GPS-corrupted environments and very often need to have a very accurate position fix for situational awareness software and systems to work. A typical requirement in the field is for an absolute position to be known to one meter, thus enabling software to help resolve where the soldier (or a sensed threat) is within a building or area.
About Vuzix
Vuzix is a leading manufacturer of Video Eyewear; personal display devices that provide users with portable high quality viewing experiences. Vuzix started in the defense sector with a focus on R&D of next generation display solutions for the US DoD and the Special Operations community, and today is a leading supplier of display products for digital night vision systems, tactical wearable displays and consumer products. Vuzix has 51 patents in the Video Eyewear field and provides solutions for mobile computing, tactical information display, video, virtual and augmented reality, and 3D entertainment. The Company addresses the defense, industrial, consumer and medical markets and has shipped well over 200,000 display solutions since its inception. Vuzix has won multiple CES Innovations Awards, the RetailVision Best New Product award, several wireless technology innovation awards, among others. Founded in 1997, Vuzix recently became a public company listed on the TSX Venture Exchange (TSX-V: VZX) and the US OTC Bulletin Board (OTCBB: VUZI) with offices in Rochester, NY; London, UK and Tokyo, Japan. For more information, please visit: www.vuzix.com.
Forward-Looking Statements Disclaimer
Certain statements contained in this release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release may relate to, among other things, future products, product features and applications. They are generally identified by words such as "plans," "seeks," "believes," "may," "expects," "anticipates," "should'" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially from those projected in the Company's forward-looking statements due to, among other things, our ability to raise necessary capital; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the timing of new product launches; delays in product development; and dependence on third parties for certain key components. These risk factors and others are described in the Company's reports filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators. Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Press and Investor Contact:
Charlotte Walker
VP Corporate Communications
585-359-5910
Email Contact
Product Contact:
Steve Glaser
VP of Sales
585-359-7563
Email Contact
Vuzix Corporation
75 Town Centre Dr
Rochester, NY 14623
www.vuzix.com
Source: Marketwire (September 23, 2010 - 8:30 AM EDT)
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Blockbuster Continues to Offer the Best, Most Convenient Access to Hot New Releases Through its 28-Day Advantage and Multi-Channel Platform
Sep. 23, 2010 (PR Newswire) --
DALLAS, Sept. 23 /PRNewswire-FirstCall/ -- Blockbuster Inc. (Pink Sheets: BLOKA, BLOKB), a leading provider of media entertainment, is continuing to serve customers as usual as the Company takes action to become financially stronger to enhance its ability to provide the best, most convenient access to movies, TV and games.
Blockbuster is open and serving customers. Through its stores, by-mail and digital businesses, Blockbuster is continuing to provide day-and-date, multi-channel access to new releases and fulfilling all orders as usual.
BLOCKBUSTER Express vending kiosks, owned and operated through a relationship with NCR, also continue their operations in retail locations around the U.S.
Blockbuster's 28-day rental advantage continues. In addition to Blockbuster's access to new releases as soon as they are available, we offer our customers the additional benefit of rental access to nearly 50 percent of those new releases 28 days before our top competitors are able to do so.
The BLOCKBUSTER Rewards™ program remains in effect, and participating customers are continuing to accrue benefits and rewards as always.
Blockbuster is continuing to honor BLOCKBUSTER GiftCards® as usual and will continue to make Blockbuster GiftCards® available for purchase.
Store credits and valid coupons will be honored as usual.
Jim Keyes, Chairman and Chief Executive Officer, said, "For more than 25 years, Blockbuster has been the go-to source for the best selection of at-home movies and game entertainment. We are continuing to provide our customers with the same outstanding convenience, service and value that have defined Blockbuster from the start, while we take action to become financially stronger. We look forward to continuing to provide our customers with the best, most convenient access to brand new releases and to continuing to enhance the Blockbuster experience."
Blockbuster today announced that it has reached agreement on the framework of a plan to recapitalize its balance sheet and has initiated Chapter 11 proceedings to implement this plan. Under the proposed recapitalization, Blockbuster would substantially reduce its debt and improve its financial condition.
More information about Blockbuster is available at www.blockbuster.com.
About Blockbuster Inc.
Blockbuster Inc. is a leading global provider of rental and retail movie and game entertainment. The Company provides customers with convenient access to media entertainment anywhere, any way they want it - whether in-store, by-mail, through vending kiosks or digitally to their homes and mobile devices. With a highly recognized brand and a library of more than 125,000 movie and game titles, Blockbuster leverages its multichannel presence to serve nearly 47 million global customers annually. The Company may be accessed worldwide at www.blockbuster.com.
SOURCE Blockbuster Inc.
Blockbuster Corporate Communications, +1-214-854-4699, corporate.communications@blockbuster.com
Source: PR Newswire (September 23, 2010 - 8:13 AM EDT)
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Oragenics, Inc.'s Teddy's Pride(R) Oral Care Probiotics for Cats and Dogs Now Available to Canadian Pet Stores Through Rolf C. Hagen Inc.
Sep. 23, 2010 (Business Wire) -- Florida-based biopharmaceutical company Oragenics, Inc. (OTCBB: ORNI) (www.oragenics.com) has announced that its oral care probiotic for pets, Teddy’s Pride® (www.teddyspride.com), will join the diverse array of pet products available to pet stores small and large in Canada through Rolf C. Hagen Inc.
“There is a strong synergy with Hagen’s extensive market penetration throughout Canada, which will be complemented by the new technology of Teddy’s Pride® probiotics for pets’ oral care,” said Gerry David, Executive Vice President, Sales and Marketing for Oragenics.
“We are excited to have the opportunity to introduce this new innovation in oral care from Oragenics to our retail partners, who are continuously on the lookout for new and exciting health products to offer their customers,” said Scott Lyall, National Sales Manager / Directeur National des Ventes.
ProBiora3®, the active ingredient in Oragenics' probiotic products, naturally supports gum and tooth health while freshening breath and whitening teeth. ProBiora3® technology was developed by Oragenics' Chief Scientific Officer, Dr. Jeffrey Hillman, D.M.D., Ph.D., during more than 25 years of research, which began at the Harvard-affiliated Forsyth Institute in Boston and continued at the University of Florida. This technology has only recently become available to the general public. ProBiora3® contains three strains of beneficial bacteria that help maintain a healthy microbial balance in the mouth. It is 100% natural and is made in the USA in an FDA-registered and GMP-certified facility.
About Oragenics, Inc.
Oragenics is a biopharmaceutical company focused primarily on oral health products and novel antibiotics. Within oral health, Oragenics is developing its pharmaceutical product candidate, SMaRT Replacement Therapy, and also commercializing its oral probiotic product, ProBiora3. Within antibiotics, Oragenics is developing a pharmaceutical candidate, MU1140-S and intends to use its patented, novel organic chemistry platform to create additional antibiotics for therapeutic use.
About Rolf C. Hagen Inc.
Rolf C. Hagen Inc. is the largest privately run pet product manufacturer and distributor in the world. During the past fifty-five years, Hagen has built a solid reputation for quality and innovation in the industry, and has expanded its Canadian-born business to the international market. Hagen’s customers include both small, local pet stores as well as publicly-owned "box stores" such as Petsmart and Petco. Hagen’s global head office is located in Montreal, Quebec , Canada, and the company wholly owns subsidiaries in the United States, England, France, Germany and Malaysia.
Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These forward-looking statements are based on management’s beliefs and assumptions and information currently available. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project” and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to those set forth in our most recently filed annual report on Form 10-K and quarterly report on Form 10-Q, and other factors detailed from time to time in filings with the U.S. Securities and Exchange Commission. We expressly disclaim any responsibility to update forward-looking statements.
MEDIA CONTACT: For more information about EvoraPlus, visit www.evoraplus.com. To schedule an interview with Dr. Hillman, contact Jennifer Zimmons at (212) 317-1400 / jzimmons@cooperglobalcommunications.com
For Oragenics, Inc.
Jennifer Zimmons, 212-317-1400
jzimmons@cooperglobalcommunications.com
Source: Business Wire (September 23, 2010 - 8:10 AM EDT)
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Insight Management Corp. Announces New Direction of Focus to "Simply Green Technologies" to target Alternative Renewable Energy Markets
Sep. 23, 2010 (GlobeNewswire) --
NEW YORK, Sept. 23, 2010 (GLOBE NEWSWIRE) -- Insight Management Corporation (OTCBB:ISIM) announces that the Company has changed its focus to "Simply Green Technologies" to target Alternative Renewable Energy Markets.
After months of discussions and market study, Insight Management has changed the direction and identity of its business plans and operations to become a green technologies consortium. These steps are in accord with its ambitious strategy of acquiring businesses with solid management in place with strong revenue and audited financials, the company plans to acquire alternative energy and green technologies operations which are ecologically symbiotic and environmentally friendly.
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable (naturally replenished). In 2008, about 19% of global final energy consumption came from renewables, with 13% coming from traditional biomass, which is mainly used for heating, and 3.2% from hydroelectricity. New (small hydro, modern biomass, wind, solar, geothermal, and biofuels) accounted for another 2.7% and are growing very rapidly. The share of renewables in electricity generation is around 18%, with 15% of global electricity coming from hydroelectricity and 3% from new renewables.
Wind power is growing at the rate of 30% annually, with a worldwide installed capacity of 158 gigawatts (GW) in 2009, and is widely used in Europe, Asia, and the United States. At the end of 2009, cumulative global photovoltaic (PV) installations surpassed 21 GW and PV power stations are popular in Germany and Spain. Solar thermal power stations operate in the USA and Spain, and the largest of these is the 354 megawatt (MW) SEGS power plant in the Mojave Desert. The world's largest geothermal power installation is The Geysers in California, with a rated capacity of 750 MW. Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugar cane, and ethanol now provides 18% of the country's automotive fuel. Ethanol fuel is also widely available in the USA, the world's largest producer in absolute terms, although not as a percentage of its total motor fuel use.
Sources: http://en.wikipedia.org/wiki/Renewable_energy
http://www.alternative-energy-news.info/
http://planetgreen.discovery.com/go-green/alternative-energy/alternative-energy-tips.html
About Insight Management Corporation (OTCBB:ISIM)
Insight Management Corporation (ISIM) is a public company focused on the green technologies industry. The company acquires green technology service businesses with substantial revenues, profitable operations, established customers and proven management teams.
Insight Management creates synergistic alliances, provides access to capital markets and capitalizes on the expertise of its subsidiaries to achieve company growth and value for shareholders.
The Insight Management Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8002
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ISIM has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the ISIM's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the ISIM's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. ISIM undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements
This highest-value, lowest cost press release is a service of So Act Network's Press Club. www.pressclub.biz
CONTACT: Insight Management Corporation
Investor Relations:
ir@insightmanagementcorp.com
www.insightmanagementcorp.com
Source: Globe Newswire (September 23, 2010 - 8:08 AM EDT)
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Composite Technology Announces Major Symposium on ACCC(R) Technology
ACCC(R) Conductor the Focus of a Technical Conference in Beijing
Sep. 23, 2010 (Marketwire) --
IRVINE, CA -- (Marketwire) -- 09/23/10 -- Composite Technology Corporation (CTC) (OTCBB: CPTC) is pleased to announce that ACCC® conductor technology produced by its CTC Cable Corporation subsidiary was the topic of a major technical symposium held in Beijing, China. The symposium took place on September 18 and brought together over 160 experts in the field of electrical transmission and advanced materials from provincial power grids, research institutes, design bureaus, and the major state-owned transmission companies, including State Grid Corporation and China Southern Grid. Special regions of Tibet and Inner Mongolia representatives were also present as well as international participants from Cambodia. CTC was represented by a team of seven technical and management personnel including personnel from its CTC Cable Asia Ltd office in Beijing.
This day long technical symposium was arranged by the China Electricity Council in conjunction with Far East Composite Technology Co. Ltd to provide a forum for shared experiences, characterization results, case studies, success stories and economic models for the use of ACCC® conductor in China. Approximately twenty detailed technical presentations were presented which focused on real project and application data experienced by power bureaus and research institutes over the past five years of continuous use of ACCC® conductor in China. These detailed technical papers were followed by a question and answer session chaired by Dr. You Chuanyong, Senior Technical Consultant to the China Electric Power Research Institute, which is under State Grid Corporation. The session allowed the experts in attendance to address questions to State Grid, Far East Composite and CTC personnel to get clear, direct and in depth answers about ACCC® technology, the use of ACCC® conductor in other international markets, and the status of various attempts to copy the technology.
The conclusions reached at the end of the symposium in Beijing included the following:
1) ACCC® conductor is an excellent proven product that is destined to be used in high volume in China.
2) Notwithstanding any conflicts with CTC Cable's fundamental patent position in China, it appears that the Chinese government and State Grid did set aside funds to try to create a Chinese version of ACCC® conductor. However, even with this backing the companies attempting to duplicate the technology were several years behind the development of the current state of proven ACCC® technology. In addition, no one could make up the five year lead CTC has in the use of ACCC® conductor in every type of environment and condition around the world.
3) Assuming the lack of patent enforcement, the Chinese companies attempting to copy ACCC® technology do not have access to the proper materials to match ACCC® conductor quality and performance and will not have them for a few more years.
With the exception of a one kilometer test span near Beijing, put up in conjunction with the local power design institute, no other Chinese or international company has any carbon fiber composite core conductor installed in China.
"The symposium was a great success. Several experts requested regular events like this to continue their education on this high value technology and to provide a forum for discussion on the use of ACCC® conductor. This forum provided a great opportunity for CTC Cable to engage directly with the customer base and answer any of their questions," commented Marv Sepe, Chief Operating Officer of CTC who attended the symposium.
About CTC:
Composite Technology Corporation's patented ACCC® conductor technology enables superior performance of high voltage transmission and distribution electrical grids. ACCC® conductors use CTC's proven carbon fiber core which is produced at its Irvine, California headquarters and delivered to qualified conductor manufacturers who produce and distribute ACCC® conductors to operators of electrical grids worldwide. CTC's conductor technology significantly reduces thermal line sag and can replace similar diameter and weight traditional conductors with its higher capacity and more energy efficient ACCC® conductor. It is an ideal conductor for both upgrading existing power lines as well as building new lines since the technology allows for the reduction of the number of support structures and/or a reduction of their height. Since its commercial introduction in 2005, nearly 9,000 kilometers of ACCC® conductor have been installed in all environmental and operating conditions, including severe heat and ice environments, long span applications and high capacity corridors for the modern grid. ACCC® is a registered trademark of CTC Cable Corporation.
For further information, visit our website: www.compositetechcorp.com or contact Investor Relations: James Carswell, +1-949-428-8500.
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, resolution of pending and threatened litigation matters involving CTC or its subsidiaries, resolution of disputes with CTC's or subsidiaries' creditors competition with larger companies, development of and demand for a new technology, general economic conditions, the availability of funds for capital expenditure and financing in general by us and our customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company, including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended September 30, 2009 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
For further information, contact:
Investor Relations
James Carswell
+1-949-428-8500
www.compositetechcorp.com
Source: Marketwire (September 23, 2010 - 8:05 AM EDT)
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China Sun Group Retains Reed Smith as U.S. Corporate and Securities Counsel
Sep. 23, 2010 (PR Newswire) --
DALIAN, China, Sept. 23 /PRNewswire-Asia-FirstCall/ -- China Sun Group High-Tech Co. (OTC Bulletin Board: CSGH) ("China Sun Group" or the "Company"), a vertically integrated supplier of raw materials for rechargeable Lithium-ion (Li-ion) batteries in China, today announced that it has hired leading international law firm, Reed Smith LLP as its new U.S. corporate and securities counsel. Reed Smith will handle U.S. securities filings, compliance work and transactions in the U.S. for the rapidly expanding clean technology company, and ensure its compliance in such matters with the Securities and Exchange Commission (SEC).
China Sun is fast emerging as one of the world's leading suppliers of anode materials for lithium ion batteries, and has recently made several moves to increase its production capacity to meet the growing demand for this green technology.
"As we expand into new markets, we were particularly attracted to Reed Smith's strong presence in the U.S., as well as in China, the EU and the Middle East," said China Sun CEO Guosheng Fu, on the retention.
With some 1,600 lawyers worldwide, Reed Smith frequently handles cross-border transactions for Chinese companies and foreign companies doing business in China. The firm has a presence in China that was established in 1980 and has since grown to become one of the largest international law firms in Hong Kong and one of the largest and most active law firms in the Asia Pacific region.
In addition to its broad international platform, Reed Smith is well-known for its financing and regulatory work in the global renewable energy and clean technology sectors.
"We are thrilled at the opportunity to work with China Sun Group, especially at this juncture in which it is poised to capture a significant market share in the growing demanding for Li ion battery materials," said Los Angeles-based attorney Allen Z. Sussman, a partner in Reed Smith's Corporate & Securities Group. Sussman will serve as China Sun's lead outside counsel, and will head the legal team that will guide the company's disclosure and compliance obligations under SEC and stock exchange rules, as well as its ongoing corporate governance issues, complex securities law matters and capital-raising transactions.
About Reed Smith
Reed Smith is a global relationship law firm with nearly 1,600 lawyers in 22 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, technology and media, shipping, energy trade and commodities, real estate, manufacturing, and education. For more information, visit reedsmith.com.
About China Sun Group High-Tech Co.
China Sun Group High-Tech Co. ("China Sun Group") produces anode materials used in lithium ion batteries. Through its wholly-owned operating subsidiary, Dalian Xinyang High-Tech Development Co. Ltd ("DLX"), the Company primarily produces cobaltosic oxide and lithium cobalt oxide. According to the China Battery Industry Association, DLX has the second largest cobalt series production capacity in the People's Republic of China. Through its research and development division, DLX owns a proprietary series of nanometer technologies that supply state-of-the-art components for advanced lithium ion batteries. Leveraging its state-of-the-art technology, high-quality product line and scalable production capacity, the Company has recently diversified into the manufacture of LIP and plans to forward integrate to manufacture of power Li-ion batteries. For more information, visit http://www.china-sun.cn .
Safe Harbor Statement
The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the Company's ability to become a leading anode material supplier for Li-ion batteries used in the new energy automobile industry are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.
For more information, please contact:
Company Contact:
Mr. Guosheng Fu, Vice President
China Sun Group High-Tech Co.
Tel: +86-411-8288-9800 / 8289-2736 (China)
Email: ir@china-sun.cn
Web: http://www.china-sun.cn
Investor Relations Contact:
Mr. Mark Collinson, Partner
CCG Investor Relations
Tel: +1-646-833-3422
Email: mark.collinson@ccgir.com
Web: http://www.ccgirasia.com
SOURCE China Sun Group High-Tech Co.
Mr. Guosheng Fu, Vice President, China Sun Group High-Tech Co., +86-411-8288-9800 / 8289-2736 (China), or ir@china-sun.cn; Or Investor Relations Contact: Mr. Mark Collinson, Partner, CCG Investor Relations, +1- 646-833-3422, or mark.collinson@ccgir.com
Source: PR Newswire (September 23, 2010 - 8:01 AM EDT)
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MedClean Technologies Continues Expansion of Distribution Network Via Agreement With Laspa Inc.
Expanding MedClean's distributor network to five regional distributors, covering 17 states and one national partner addressing the Veteran's Administration
Sep. 23, 2010 (PR Newswire) --
BETHEL, Conn., Sept. 23 /PRNewswire/ -- MedClean Technologies (OTC Bulletin Board: MCLN), the leading provider of on-site technology for the treatment and disposal of medical waste and the destruction of confidential documents and related media, today announced it had signed a distribution agreement with Laspa Inc. With this agreement, MedClean now has five regional distributors covering 17 states, and one national partner targeting the Veteran's Administration. In aggregate, 23 distributor-based sales personnel are representing MedClean's systems nationwide.
The agreement partners MedClean with a Veteran-Owned Minority Owned specialty distributor committed to bringing emerging medical technologies to the Florida market. The agreement enables Laspa Inc. to offer integrated waste stream solutions on-site at the customer location or to provide an integrated platform for equipment and services to their existing health care customers throughout Florida. The agreement is structured so that both companies can collaborate to address the needs of the concentrated yet significant geographic territory currently covered by Laspa's business development representatives.
"Laspa can now offer an integrated waste stream solutions platform that packages technology and services as another option to their already extensive product line," stated David Laky, President and CEO, MedClean Technologies, Inc. "Laspa already has significant penetration in the Florida market and we are excited at the new opportunities this agreement provides to both organizations. This agreement in conjunction with our other distributor partners, coupled with the early success of the International Waste Transporters Association (IMWTA) network which includes approximately 40 newly registered IMWTA members in less than 60 days, opens the door for MedClean to place our products on-site at the waste generator's location, establish a waste processing center servicing both the distributor's and waste hauler's client base, and to establish a recurring revenue model via a mobile processing network for waste treatment going from site to site."
Lascelle Sweetland, President and CEO, Laspa Inc., commented, "With this alliance we can now provide our health care clients with a cost-effective, high-quality, flexible waste stream solutions platform. By adding The MedClean System to our product and service line, our health care clients can lower costs, enhance their green profiles, and address medical waste treatment with a program that makes sense given the physical environment at their facility. This capability, especially within our geographic region, will provide our customers significant utility while enhancing our business opportunities and profile."
About Laspa Inc.
Founded in 2005 in Fort Lauderdale, Florida, Laspa Inc. (www.laspainc.com) is a Minority business certified by the State of Florida under the provisions of 287 and 295.187 Florida Statutes by the Office of Supplier Diversity (OSD) State of Florida Department of Management Services. Prior to the launch of Laspa Inc., the principals held sales management, product development, and marketing positions in various Fortune 100 companies totaling over 30 years of related industry experience.
Laspa's business model is to seek out and partner with the most ethical and innovative client manufacturers who have a strong desire to enhance the health care value chain by improving patient health and/or dramatically reducing costs in the system. By establishing partnerships with these types of companies, Laspa Inc. has succeeded as a singular, innovative entity, comfortable in marketing the latest technological advances.
Whether an institution is an avowed "early adopter" or one simply committed to providing exemplary care, Laspa's salespeople are skilled in education; and because technological advances as well as clinician practice patterns can evolve quickly, Laspa's adaptability serves customers and clients well.
Today Laspa Inc. continues to learn, educate, market, sell and distribute. Laspa Inc. has always sought to establish industry benchmarks in ethics, efficiency, customer service and client trust. Laspa Inc. never forgets that on a combined geographic basis the regional hospital customer base represents 40% of the U.S. Market and that at Laspa Inc. we must strive to serve the congruent needs of our manufacturers and customers.
About MedClean Technologies, Inc.
MedClean Technologies, Inc. is a provider of innovative technology and services for the on-site treatment and disposal of regulated medical waste. MedClean's flagship MedClean® Series systems are fully integrated, turnkey technology solutions that enable hospitals and other healthcare providers to safely, efficiently, and cost-effectively convert bio-hazardous regulated medical waste into sterile, unrecognizable material suitable for disposal as municipal solid waste. MedClean was founded in 1997 with corporate headquarters, research and development and distribution facilities located in Bethel, Connecticut. Further, information on MedClean can be found at www.medcleantechnologies.com and in filings with the Securities and Exchange Commission found at www.sec.gov.
Statements about our future expectations are "forward-looking statements" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," "potential" and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our most recent Annual Report on Form 10-K for the year ended December 31, 2009, filed with the SEC on March 3, 2010, and other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
Contact:
Cameron Donahue
Hayden IR
(651) 653-1854
SOURCE MedClean Technologies
Cameron Donahue of Hayden IR, +1-651-653-1854, for MedClean Technologies
Source: PR Newswire (September 23, 2010 - 8:00 AM EDT)
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MedClean Technologies Continues Expansion of Distribution Network Via Agreement With Laspa Inc.
Expanding MedClean's distributor network to five regional distributors, covering 17 states and one national partner addressing the Veteran's Administration
Sep. 23, 2010 (PR Newswire) --
BETHEL, Conn., Sept. 23 /PRNewswire/ -- MedClean Technologies (OTC Bulletin Board: MCLN), the leading provider of on-site technology for the treatment and disposal of medical waste and the destruction of confidential documents and related media, today announced it had signed a distribution agreement with Laspa Inc. With this agreement, MedClean now has five regional distributors covering 17 states, and one national partner targeting the Veteran's Administration. In aggregate, 23 distributor-based sales personnel are representing MedClean's systems nationwide.
The agreement partners MedClean with a Veteran-Owned Minority Owned specialty distributor committed to bringing emerging medical technologies to the Florida market. The agreement enables Laspa Inc. to offer integrated waste stream solutions on-site at the customer location or to provide an integrated platform for equipment and services to their existing health care customers throughout Florida. The agreement is structured so that both companies can collaborate to address the needs of the concentrated yet significant geographic territory currently covered by Laspa's business development representatives.
"Laspa can now offer an integrated waste stream solutions platform that packages technology and services as another option to their already extensive product line," stated David Laky, President and CEO, MedClean Technologies, Inc. "Laspa already has significant penetration in the Florida market and we are excited at the new opportunities this agreement provides to both organizations. This agreement in conjunction with our other distributor partners, coupled with the early success of the International Waste Transporters Association (IMWTA) network which includes approximately 40 newly registered IMWTA members in less than 60 days, opens the door for MedClean to place our products on-site at the waste generator's location, establish a waste processing center servicing both the distributor's and waste hauler's client base, and to establish a recurring revenue model via a mobile processing network for waste treatment going from site to site."
Lascelle Sweetland, President and CEO, Laspa Inc., commented, "With this alliance we can now provide our health care clients with a cost-effective, high-quality, flexible waste stream solutions platform. By adding The MedClean System to our product and service line, our health care clients can lower costs, enhance their green profiles, and address medical waste treatment with a program that makes sense given the physical environment at their facility. This capability, especially within our geographic region, will provide our customers significant utility while enhancing our business opportunities and profile."
About Laspa Inc.
Founded in 2005 in Fort Lauderdale, Florida, Laspa Inc. (www.laspainc.com) is a Minority business certified by the State of Florida under the provisions of 287 and 295.187 Florida Statutes by the Office of Supplier Diversity (OSD) State of Florida Department of Management Services. Prior to the launch of Laspa Inc., the principals held sales management, product development, and marketing positions in various Fortune 100 companies totaling over 30 years of related industry experience.
Laspa's business model is to seek out and partner with the most ethical and innovative client manufacturers who have a strong desire to enhance the health care value chain by improving patient health and/or dramatically reducing costs in the system. By establishing partnerships with these types of companies, Laspa Inc. has succeeded as a singular, innovative entity, comfortable in marketing the latest technological advances.
Whether an institution is an avowed "early adopter" or one simply committed to providing exemplary care, Laspa's salespeople are skilled in education; and because technological advances as well as clinician practice patterns can evolve quickly, Laspa's adaptability serves customers and clients well.
Today Laspa Inc. continues to learn, educate, market, sell and distribute. Laspa Inc. has always sought to establish industry benchmarks in ethics, efficiency, customer service and client trust. Laspa Inc. never forgets that on a combined geographic basis the regional hospital customer base represents 40% of the U.S. Market and that at Laspa Inc. we must strive to serve the congruent needs of our manufacturers and customers.
About MedClean Technologies, Inc.
MedClean Technologies, Inc. is a provider of innovative technology and services for the on-site treatment and disposal of regulated medical waste. MedClean's flagship MedClean® Series systems are fully integrated, turnkey technology solutions that enable hospitals and other healthcare providers to safely, efficiently, and cost-effectively convert bio-hazardous regulated medical waste into sterile, unrecognizable material suitable for disposal as municipal solid waste. MedClean was founded in 1997 with corporate headquarters, research and development and distribution facilities located in Bethel, Connecticut. Further, information on MedClean can be found at www.medcleantechnologies.com and in filings with the Securities and Exchange Commission found at www.sec.gov.
Statements about our future expectations are "forward-looking statements" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," "potential" and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our most recent Annual Report on Form 10-K for the year ended December 31, 2009, filed with the SEC on March 3, 2010, and other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
Contact:
Cameron Donahue
Hayden IR
(651) 653-1854
SOURCE MedClean Technologies
Cameron Donahue of Hayden IR, +1-651-653-1854, for MedClean Technologies
Source: PR Newswire (September 23, 2010 - 8:00 AM EDT)
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Fremont Insurance Provides Seasonal Dwelling Advice; Offers to Waive Deductible for Claims
Homeowners Who Complete Seasonal Dwelling Checklist Can Avoid Paying Deductible
Sep. 23, 2010 (PR Newswire) --
FREMONT, Mich., Sept. 23 /PRNewswire/ -- Fremont Michigan InsuraCorp, Inc. (OTC Bulletin Board: FMMH) is committed to helping homeowners protect their homes. The Company regularly shares tips and recommendations with its customers throughout the year to help homeowners avoid a wide variety of potentially devastating losses. The Company's latest offering, a checklist for closing seasonal dwellings, comes along with an additional incentive – an offer to waive the policyholder's deductible should any losses occur even though the homeowner has followed the company's recommendations.
"Fremont Insurance works closely with our agents and their customers to help them understand and reduce the risk of losses whenever possible," said Kurt Dettmer, vice president of marketing for Fremont Insurance. "We understand it takes time and a financial commitment to execute all of the recommendations, so we like to be able to reward customers who take steps to be conscientious homeowners."
The Fremont Insurance Winterization Checklist includes the following recommendations:
Turn off the water at its supply point – at the street level where possible or at entry to dwelling or turn off electricity to well if applicable
Maintain heat when not fully winterizing – at least 58 degrees to prevent furnace flue buildup – and turn off heat if fully winterized
Remove perishable foods
Drain water lines and traps – especially water supply lines. After draining, leave the valves open so the remaining water can evaporate
Add antifreeze to hot water heating systems, toilets, washing machines and sink traps
Designate a neighbor, friend or relative to visit and tour the dwelling at least weekly
Ensure gas tanks are scheduled for automatic fill and are accessible during periods of snowfall
Clear roof of snow periodically after storms to reduce the possibility of ice backup or collapse
Visit the dwelling personally during or after periods of extreme cold or suspected power outage
Install motion sensors to your exterior lights
Hire a professional contractor to winterize for you
"At Fremont Insurance, we stand ready to assist you if a property loss should occur, but there are some things that simply can't be replaced, including family heirlooms and photographs," added Dettmer. "By following these simple recommendations a homeowner can significantly reduce their risk of suffering a major loss and now also gain some additional protection by earning the opportunity to have their deductible waived by Fremont Insurance."
About Fremont Michigan InsuraCorp, Inc.
Fremont Michigan InsuraCorp, Inc. is the holding company for Fremont Insurance Company. Headquartered in Fremont, Mich., the company provides property and casualty insurance to individuals, farms and small businesses exclusively in Michigan. Fremont Michigan InsuraCorp's common stock trades under the symbol "FMMH."
SOURCE Fremont Michigan InsuraCorp, Inc.
Kurt Dettmer, Fremont Insurance, kdettmer@fmic.com, +1-231-924-8411; Jeremy Bakken, Lambert, Edwards & Associates, jbakken@lambert-edwards.com, +1-616-233-0500
Source: PR Newswire (September 23, 2010 - 8:00 AM EDT)
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iTech Medical Achieves ISO 13485 Certification
iTech Medical (OTCBB: IMSU),
iTech Medical Achieves ISO 13485 Certification - Keywords:
healthcare, biomedical, wellness, back pain, neck pain, neurology,
medical device, clinical studies, CE Marking, European Union,
commercial
Sep. 23, 2010 (Business Wire) -- iTech Medical, Inc. (OTCBB: IMSU, FWB: 0IM), a medical information technology company, today announced that it has received ISO 13485:2003 certification for the production and sale of surface electromyography (sEMG) diagnostic devices for clinical use. The ISO 13485:2003 quality standard is recognized as the international standard for quality management systems specific to the design, development and production of medical devices.
“We’re very pleased to have received this international certification of quality standards,” said Wayne Cockburn, President and CEO at iTech Medical. “Regulatory authorities in most major markets including the European Union (EU), the United States and Canada require, or strongly prefer, that manufacturers selling medical products in their countries have a third-party audited and certified quality management system in place. The EU and North America represent the initial target markets for our MPR System and we believe an ISO 13485-compliant system will expedite access into these regions.”
About iTech Medical
iTech Medical, Inc. (OTCBB: IMSU, FWB: 0IM) is engaged in the research and commercial development of healthcare information systems and technologies. To date, the Company has focused on developing a proprietary platform called Muscle Pattern Recognition (MPR), a unique clinical tool for the analysis of muscle function. MPR is patented technology that analyzes the patterns of integrated and coordinated muscle recruitment. It provides detailed physiological information on muscle function assisting in the diagnosis and treatment of back and neck injuries and illness.
For the latest information on iTech Medical, please visit our website at www.iTechMedical.com
Forward-Looking and Cautionary Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that reflect management’s current views and estimates regarding future market conditions, company performance and financial results, business prospects, new strategies, the competitive environment and other events. You can identify these statements by the fact that they use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “plan,” “outlook,” and other words and terms of similar meaning.
These statements involve a number of risks and uncertainties that could cause actual results to materially differ from the potential results discussed in the forward-looking statements. Among the factors that could cause actual results and outcomes to differ materially from those contained in such forward-looking statements are the following: general economic conditions, acquisitions and development of new businesses, divestitures, product availability, sales volumes, pricing actions and promotional activities of our competitors, profit margins, weather, changes in law or regulations, foreign currency fluctuation, availability of suitable real estate locations, our ability to react to a disaster recovery situation, and the impact of labor markets and new product introductions on our overall profitability.
A further list and description of these risks, uncertainties and other matters can be found in the company’s annual report and other reports filed from time to time with the Securities and Exchange Commission, including, but not limited to, iTech Medical’s Annual Report on Form 10-K filed with the SEC on April 15, 2010. iTech Medical cautions that the foregoing list of important factors is not complete and assumes no obligation to update any forward-looking statements that it may make.
Media Contact:
DM Productions LLC
Dianemarie (DM) Collins
Public Relations
775-825-1727 (Reno, NV Office)
623-825-9122 (Phoenix, AZ Office)
DM@DMProductionsLLC.com
or
Company Contact:
iTech Medical, Inc.
Wayne Cockburn, CEO
714-841-2670 (Huntington Beach, CA Office)
905-505-0770 (Montreal, CDA Office)
Wayne.Cockburn@iTechMedical.com
Source: Business Wire (September 23, 2010 - 8:00 AM EDT)
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Geos Communications Subsidiary, D Mobile, Inc., Partners with Gome, China's Leading Electronics Chain
Sep. 23, 2010 (Business Wire) -- Geos Communications™, Inc. (OTCBB: GCMI), a leading developer and distributor of mobile applications and services, today announced that its subsidiary D Mobile, Inc. ("Duo Guo") has signed a retail partnership agreement with Gome, a leading electronics retail chain in China. The terms of the agreement allow Duo Guo, China’s leading mobile content retail provider, to initially launch kiosks within Gome’s 50 plus Shanghai area stores.
Gome is one of China's largest electronics retail chains with over 1,000 stores in over 50 cities throughout the country. It is anticipated that based on the success of the initial launch in the region the partnership would be expanded to other cities in China.
Jonathan Serbin, President of Duo Guo, said, “We are very excited to enter this partnership with Gome. They are a leading electronics chain and mobile phone retailer in China, and this is an ideal platform for Duo Guo's interactive mobile content kiosks. We look forward to serving Gome's extensive customer base, helping them discover and download the most exciting mobile content and value-added services available for their devices.”
“This is an exciting deal for Geos,” said Andy Berman, CEO of Geos Communications. “We believed the acquisition of D Mobile earlier this year would lead to significant opportunities in China and the new relationship with Gome is evidence of this growth post merger.”
Duo Guo is the primary and only legitimate retail channel for the discovery and download of licensed mobile media content in China by operating an innovative kiosk based distribution business. The kiosks enable mobile device users to discover and quickly download games, movies, music, ringtones and applications. The kiosk network also serves as a channel for a wide range of mobile downloadable services such as ticketing, coupon distribution and advertising. Duo Guo has established partnerships with major media content providers including Paramount Pictures, EA Mobile, Cartoon Network, Warner Music Group and others.
About Geos Communications, Inc.
Geos Communications, Inc. is a digital content distribution company creating solutions for the rapidly growing global, mobile community, leveraging a unique combination of transformational technology, intellectual property as well as strategic and pervasive distribution channels. For more information please go to www.geoscommunications.com.
Duo Guo owns and operates China’s leading retail distribution platform exclusively selling mobile content and services. Based in Shanghai, the Company has developed partnerships with China's largest retailers and leading global media companies to bring the best games, ringtones, software and other mobile services to China's 500 million mobile phone users in an exciting retail setting. The Company is privately held and operates as a wholly owned subsidiary of D Mobile, Inc. For more information please go to www.duoguo.cn.
Safe Harbor Statement under the Private Securities Litigation Reform Act
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. Geos Communications, Inc. does not assume, and expressly disclaims, any obligation to update these forward-looking statements.
Communication Links
Jerry Rose, APR
+1-480-348-7540
jrose@commlinks.com
Source: Business Wire (September 23, 2010 - 8:00 AM EDT)
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API Technologies to Showcase at Europe's 2010 NATO Information Assurance Symposium
Sep. 23, 2010 (PR Newswire) --
RONKONKOMA, N.Y., Sept. 23 /PRNewswire/ -- API Technologies Corp. (OTC Bulletin Board: ATNY), a provider of highly engineered products and services to the global defense sector, will be exhibiting at the 2010 NATO Information Assurance Symposium to be held September 27th through October 1st at Supreme Headquarters Allied Powers Europe (SHAPE) in Casteau (Mons), Belgium. The Symposium brings together representatives from 28 NATO nations and NATO agencies to meet with leading companies in the information assurance space. This year's theme, "Federation," focuses on the impact of external partner collaboration on information systems.
API's exhibit, which will be the Company's first in Europe, will showcase all of the its capabilities with an emphasis on Secure Communications. Offerings from API's European and Canadian divisions – Secure Systems & Technologies (SST) Ltd. and EMCON Emanation Control Ltd. – will be presented, along with products from the Company's Netgard™ and ION Networks® brands.
Matthew Richards, Managing Director of API's UK subsidiary, Secure Systems & Technologies Ltd., said, "Exhibiting our products at this NATO-sponsored symposium represents a tremendous opportunity for API and its subsidiaries as we raise the global profile of the Company's products and capabilities. The attention that we are sure to attract will show attendees from every NATO country of the tremendous advantages to be gained by deploying API's products."
Steve Pudles, CEO of API Defense USA, said, "There is a recognized need and a demonstrated initiative for international collaboration among governments, military agencies and their partners. API has deployed proprietary products and solutions addressing the security needs that have arisen as a result of the development of these new global alliances. We are currently looking to expand the adoption of these products and solutions within the NATO community, and exhibiting at this symposium gives us a prominent platform on which to show the great products and services that our company provides to our global customer base."
About API Technologies Corp.
The Company, through its subsidiaries, is a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industry. API Technologies' customers include the governments of the U.S., Canada, the United Kingdom, NATO and the European Union, as well as many of the leading Fortune 500 companies. The Company is engaged in providing innovative design, engineering and manufacturing solutions to its customers. API Technologies trades on the OTC Bulletin Board under the symbol ATNY. For further information, please visit the company website at www.apitechnologies.com.
Safe Harbor for Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements. All forward-looking statements are subject to certain risks, uncertainties and assumptions which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties, which are more fully described in the Company's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include but are not limited to, general economic and business conditions, our ability to integrate and consolidate our operations, our ability to expand our operations in both new and existing markets, and the effect of growth on our infrastructure. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. All information in this release is as of the date hereof. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements in this press release, whether as a result of new information, future events, or otherwise.
Contact:
Investor Relations
Jonathan Pollack
Executive Vice President
API Technologies Corp.
1-877-API-0-API
investors@apitech.com
or
The Investor Relations Group
James Carbonara or Adam Holdsworth, 212-825-3210
Media Relations
Tara Flynn Condon
Director, Marketing
API Technologies Corp.
1-908-546-3903
media@apitech.com
or
The Investor Relations Group
Mike Graff or Enrique Briz, 212-825-3210
SOURCE API Technologies Corp.
Investor Relations, Jonathan Pollack, Executive Vice President, API Technologies Corp., 1-877-API-0-API, investors@apitech.com, or The Investor Relations Group, James Carbonara or Adam Holdsworth, +1-212-825-3210; Media Relations, Tara Flynn Condon, Director, Marketing, API Technologies Corp., +1-908-546-3903, media@apitech.com, or The Investor Relations Group, Mike Graff or Enrique Briz, +1-212-825-3210
Source: PR Newswire (September 23, 2010 - 7:55 AM EDT)
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Voyager Oil and Gas Announces Successful Debt Offering and Updates Drilling and Operations
Sep. 23, 2010 (GlobeNewswire) --
BILLINGS, Mont., Sept. 23, 2010 (GLOBE NEWSWIRE) -- Voyager Oil & Gas, Inc. (OTCBB:VYOG) ("Voyager") today announces that it has closed on the issuance of $15 million principal amount of 12% senior secured notes for the purpose of financing future drilling and development activities. Proceeds from the notes will be used primarily to fund developmental drilling on Voyager's significant acreage positions targeting the Denver-Julesberg Basin Niobrara formation through its joint venture with Slawson Exploration and the Williston Basin Bakken/Three Forks. The notes mature on September 17, 2011 and may be extended an additional year at the end of the initial term, at the option of Voyager.
Voyager's Chief Executive Officer J.R. Reger commented, "We believe this debt issuance will enable us to efficiently fund the development stage of our growth as we convert our large Niobrara and Bakken acreage to production. With this capital and our forecasted cash flow from producing wells, we expect to be able to fund our Niobrara and Bakken development plans at a cost of capital significantly below the projected returns on the wells and cheaper than issuing equity at our current share price."
D-J Basin Niobrara
Voyager is participating on a heads-up basis for a 50% working interest in Slawson Exploration's 48,000 core net acre position in Weld County, Colorado and Laramie County, Wyoming. Slawson has drilled to total depth the first two gross wells targeting the Niobrara formation and a third well is currently drilling. These initial test wells are the first of up to 60 gross wells planned over the next 24 months in the drilling program. By the end of 2010, Voyager expects to have spud five gross (2.5 net) Niobrara wells. Fracture stimulation and production results on the wells are expected in the fourth quarter of 2010. J.R. Reger commented, "As we move into the next phase of growth and begin to convert our substantial acreage position to production, we are happy to be doing so without any further issuance of equity at this time. Although it is early in the play, we are increasingly excited about the potential of the Niobrara Shale with production characteristics similar to the Bakken and substantially lower well costs."
Williston Basin Bakken and Three Forks
Voyager currently controls approximately 24,000 net acres in the Williston Basin, primarily in Williams and McKenzie Counties, North Dakota and Richland County, Montana. Voyager has spud ten gross Bakken wells, of which two are in production. By the end of 2010, Voyager expects to spud 15 gross Bakken wells. In 2011, Voyager expects to spud approximately 35 gross and 5 net Bakken wells. J.R. Reger, CEO, commented, "The accelerated production and excellent results across our Bakken/Three Forks position continues to exceed our original expectations. We believe our 24,000 core acres are being developed by some of the best operators in the trend and we are excited to be participating in this premier oil resource play. We expect accelerating development throughout 2011 and 2012."
Tiger Ridge Gas
Voyager controls approximately 65,000 net acres in and around the Tiger Ridge Gas Field in North-Central Montana. Voyager is currently conducting seismic testing and plans to participate in the drilling of three initial wells operated by Devon Energy. The first two wells in the series have spud and a third is planned for the fourth quarter of 2010. "Mr. Reger commented, "We are excited to kick off the development of our position in the Tiger Ridge, even in the current low-price natural gas environment these wells have solid economics and allow us to diversify our production base. We are happy to be participating along with a proven industry leader to develop this acreage position."
Heath Oil Shale
Voyager owns 33,500 net acres targeting the Heath Oil Shale of Central Montana. Voyager has begun to see substantial permitting and drilling activity in the area. Mr. Reger commented, "We are excited to see the development targeting the Heath Shale. We are seeing many of the same skilled operators we participate with in the Bakken play advance the Heath shale towards production."
RECENT WELL ACTIVITY
Well Name Status Spud Date Well Type Partner Interest IP/BOEPD ST
Ripper #1-22H Producing 11/23/2009 Horizontal Bakken Slawson 1.11% 2,369 ND
Ross-Alger 6-7 #1H Producing 4/21/2010 Horizontal Bakken Brigham 7.71% 3,070 ND
Larsen 3-10 #1H Completing 5/17/2010 Horizontal Bakken Brigham 0.10% ND
Andre 5501 13-4H Completing 6/14/2010 Horizontal Bakken Oasis 11.06% ND
Vixen #1-19-30H Completing 6/24/2010 Horizontal Bakken Slawson 2.28% ND
Ellis 5602 42-8H Completing 7/21/2010 Horizontal Bakken Oasis 0.22% ND
Somerset 5602 12-17H Drilling 7/24/2010 Horizontal Bakken Oasis 3.59% ND
Knoshaug 14-11 #1-H Drilling 7/30/2010 Horizontal Bakken Brigham 0.52% ND
Horne 5603 44-9H Preparing 8/24/2010 Horizontal Bakken Oasis 0.37% ND
Lostwood 13-25H Drilling 9/15/2010 Horizontal Bakken EOG 0.52% ND
Bushwacker 24-11-67 Completing 7/8/2010 Horizontal Niobrara Slawson 50.00% CO
Moonshine #1-36H Completing 8/4/2010 Horizontal Niobrara Slawson 50.00% CO
Outlaw #1-16H Drilling 9/8/2010 Horizontal Niobrara Slawson 50.00% CO
Bonus LLC 28-15-27-19 Completing 7/1/2010 Conventional Gas Devon 38.28% MT
State 24-09-27-19 Completing 6/15/2010 Conventional Gas Devon 35.78% MT
State 26-01-27-19 Proposed 8/15/2010 Conventional Gas Devon 21.88% MT
Make sure you are first to receive timely information on Voyager Oil & Gas when it hits the newswire. Sign up for Voyager's email news alert system today at: http://ir.stockpr.com/voyageroil/email-alerts
About Voyager Oil & Gas
Voyager Oil & Gas, Inc. is an exploration and production company based in Billings, Montana. Voyager's primary focus is oil shale resource prospects in the continental United States. Voyager currently controls approximately 147,000 net acres in the following five primary prospect areas:
24,000 core net acres targeting the Bakken/Three Forks in North Dakota and Montana;
24,000 net acres targeting the Niobrara formation in Colorado and Wyoming;
640 net acres targeting a specific Red River prospect in Montana;
33,500 net acres in a joint venture targeting the Heath Shale formation in Musselshell, Petroleum, Garfield and Fergus Counties of Montana; and
65,000 net acres in a joint venture in the Tiger Ridge gas field in Blaine, Hill and Chouteau Counties of Montana.
For additional information on Voyager Oil & Gas visit the Company's new website at: http://www.voyageroil.com/
FORWARD LOOKING STATEMENT DISCLAIMER
This press release contains forward-looking statements regarding future events and our future results. All statements other than statements of historical facts included in this report, such as statements regarding our business strategy and prospects, are forward-looking statements.
Forward-looking statements are based on our current expectations and assumptions about future events and involve inherent risks and uncertainties. Important factors (many of which are beyond our control) could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: general economic or industry conditions, nationally and/or in the communities in which our company conducts business; fluctuations in commodities prices, particularly oil and natural gas; competition in obtaining rights to explore oil and gas reserves; and other economic, competitive, governmental, regulatory and technical factors affecting our company's operations, products, services and prices.
CONTACT: The WSR Group
Investor Relations Contact:
Gerald Kieft
772-219-7525
IR@theWSRgroup.com
http://www.wallstreetresources.net/voyager.asp
Source: Globe Newswire (September 23, 2010 - 7:50 AM EDT)
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Tactical Air Defense Services Acquires Option to Purchase Canadian CF-5 Fighter Jets
Sep. 23, 2010 (GlobeNewswire) --
CARSON CITY, Nev., Sept. 23, 2010 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, disaster relief services, and other Aerospace/Defense services to the United States and foreign militaries and agencies, is pleased to announce that it is has acquired the exclusive contractual right to purchase six Canadian CF-5 Fighter Jets and related assets (the "CAD Assets") from Crown Asset Distribution, Minister of Public Works and Government Services, Canada.
The CAD Assets have a market value of greater than $69 million, and include:
6 CF-5 Aircraft
Spare Parts Lots
45 General Electric J85-15 Jet Engines
The total cost to TADF to purchase, import and refurbish the CAD Assets, including the acquisition cost of the contractual right to purchase the CAD Assets, is less than $6 million.
The CF-5 aircraft is the Canadair licensed version of the American Northrop F-5 Freedom Fighter aircraft built primarily for the Canadian Armed Forces. The CF-5 is a low-cost, low-maintenance, and extremely versatile fighter jet that can be used to provide a tactical support role, as a light attack strike fighter and a reconnaissance platform, and for dissimilar air combat training, lead-in tactical fighter training, and in an adversary role, in support of tactical aviation contracts.
TADF intends to use the CAD Assets to capture new tactical aviation service contracts and maintenance contracts, with the U.S. Department of Defense and foreign militaries:
-- CF-5 Aircraft:
CF-5 Aircraft: Support existing TADS/Tac-Air tactical aviation service contracts
Capture new tactical aviation service contracts
Minimum of 200 hours per aircraft per year
Hourly rate to government of approximately $7,500 per flight hour
-- CF-5 Parts:
Support TADS CF-5 aircraft for 20 years
Surplus sold in conjunction with international aircraft maintenance contracts
Manufacturing template for CF-5 parts supply business to ensure ongoing supply
-- CF-5 Engines:
Support TADS CF-5 aircraft for 20 years
Surplus sold either as whole units or in parts
TADF is currently pursuing a collateralized loan of $6 million secured by the CAD Assets with an over-collateralization ratio of greater than ten times. TADF believes but cannot guarantee that it will receive the funds necessary to purchase all of the CAD Assets.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We are very pleased that after more than a year of working on this very important transaction, we have finally accomplished what may prove to be a watershed event for TADF. The acquisition of the CF-5 Fighter Jets will enable TADF to bid on larger and more profitable tactical aviation contracts and aircraft maintenance contracts, and the sale of surplus spare parts and engines may provide a significant source of income to TADF for years to come, in addition to materially increasing the assets on our balance sheet."
Make sure you are first to receive timely information on Tactical Air Defense Services when it hits the newswire. Sign up for TADF's email news alert system today at: http://ir.stockpr.com/tads-usa/email-alerts
Further information about TADS is available on our website: www.tads-usa.com.
Forward Looking Statement Disclosure
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
CONTACT: The WSR Group
Investor Relations:
Gerald N. Kieft
(772) 219-7525
IR@theWSRgroup.com
www.theWSRgroup.com
Source: Globe Newswire (September 23, 2010 - 7:50 AM EDT)
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eGain Positioned in the "Leaders" Quadrant of the Magic Quadrant for Web Customer Service
Evaluation Based on Completeness of Vision and Ability to Execute
Sep. 23, 2010 (Marketwire) --
MOUNTAIN VIEW, CA -- (Marketwire) -- 09/23/10 -- eGain (OTCBB: EGAN), a leading provider of cloud and on-site customer interaction hub software, today announced it has been positioned by Gartner, Inc. in the "Leaders" quadrant of the "Magic Quadrant for Web Customer Service."
In the report, Johan Jacobs, Research Director at Gartner, defines "leaders" as vendors who "demonstrate market-defining vision and the ability to execute against that vision through products, services, demonstrable sales figures, and solid new references for multiple geographies and vertical industries. Clients report that the vendors deliver a high level of value and return on their commitment. The development team has a clear vision of the implications of business rules, and the impact of WCS [Web Customer Service] on customer service requirements. A characteristic of a leader is that clients look to the vendor for clues as to how to innovate in customer service. The vendor does not necessarily drive a customer toward vendor lock-in, but rather provides openness to an ecosystem. When asked, their clients reply that this product has affected the organization's competitive position in their markets and helped lower costs. Leaders provide functionally diverse and rich WCS suites that can be deployed and supported globally, and have at least five of the seven WCS framework components supported as an OEM solution."
According to the report, "80% of multichannel product buyers preferred a more comprehensive WCS suite, as opposed to a stand-alone single-channel or point-based product that requires extensive cross-channel integration each time a new channel is added."
Proven in cloud and on-site deployments for over a decade, the eGain® Customer Interaction Hub™ suite is a comprehensive solution for multichannel customer service and knowledge management. Modular applications, built on a unified platform, enable businesses to offer rich interactions on company websites, through contact centers, and on the Social Web.
"We are honored to be in the Leaders quadrant," said Ashu Roy, eGain Chairman and CEO. "The latest release of our suite is our best yet. We are confident that it can power the most innovative and ambitious of customer interaction hub (CIH) strategies."
The 2010 Gartner Magic Quadrant for Web Customer Service is available at http://www.egain.com/docs/analysts/2010_Gartner_MQ_Web_Customer_Service.pdf.
Details of the eGain customer interaction hub suite are available at http://www.egain.com/products/multichannel_service.asp.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About eGain
eGain (OTCBB: EGAN) is the leading provider of cloud and on-site customer interaction hub software. For over a decade, hundreds of the world's largest companies have relied on eGain to transform their traditional call centers, help desks, and web customer service operations into multichannel customer interaction hubs (CIHs). Based on the Power of One™, the concept of one unified platform for multichannel customer interaction and knowledge management, eGain solutions improve customer experience, optimize service processes end to end, increase sales, and enhance contact center performance.
Headquartered in Mountain View, California, eGain has operating presence in North America, EMEA and APAC. To learn more about us, visit www.eGain.com or call our offices: +1-800-821-4358 (US), +44-(0)-1753-464646 (EMEA), or +91-(0)-20-6608-9200 (APAC). Also, follow us on Twitter at http://twitter.com/egain and Facebook at http://facebook.com/egain.
eGain, the eGain logo, and all other eGain product names and slogans are trademarks or registered trademarks of eGain Communications Corp. in the United States and/or other countries. All other company names and products mentioned in this release may be trademarks or registered trademarks of the respective companies.
eGain Contacts:
Jamie Abayan
eGain
650-230-7532
jabayan@egain.com
Kristin Miller
SS|PR
719-634-8292
kmiller@sspr.com
Source: Marketwire (September 23, 2010 - 7:45 AM EDT)
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Rodinia Lithium Inc.'s Auger Drilling Extends Near Surface High-Grade Lithium-Potash Zone 1.5 km at Salar de Diablillos
- Exploration Program Continues to Deliver Positive Results
- Auger Drill Program has Expanded the High-Grade Nucleus Another 1.5 km on Strike
- Entire Sampled Salar is Mineralized Averaging 680 mg/L Lithium, 7,400 mg/L Potassium, and 669 mg/L Boron
Sep. 24, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 09/24/10 -- Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE: RM)(OTCQX: RDNAF), is pleased to report further sample results from its auger drill exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar"). The completion of an additional 38 sample holes has extended the previously defined 2.5 km by 4.0 km high-grade lithium-potash zone near surface by an additional 1.5 km along strike (see Press Release dated May 26, 2010 for additional details on the original high-grade zone definition).
William Randall, President and CEO of Rodinia, commented "It is encouraging that these additional auger drill holes have intersected grades similar to the previous auger drilling and has extended our high-grade zone an additional 1.5 km. We now have additional areas to target with our ongoing reverse circulation drilling. Coupling these results with drill hole D-RC-01 announced last week, which demonstrated a continuous aquifer to depths of at least 120 metres, provides additional support for the potential to delineate a large scale resource at Diablillos" (see Press Release dated September 17, 2010 for additional details on drill hole D-RC-01).
Based on the completed sampling program of 140 sample holes, the Diablillos auger drill exploration program returned lithium ("Li") values of up to 1,000 milligrams per litre ("mg/L") and potassium ("K") values of up to 11,000 mg/L. Focusing on the nucleus of the Salar, which the Company believes represents the highest probability for production (see Figure 1 below), results returned average Li of 845 mg/L, average K of 9,092 mg/L, and 762 mg/L boron ("B") with favourable magnesium ("Mg") to Li ratio of 3.75 and an attractive sulphate to lithium ratio. Previously reported results for the auger drill program were based on a total of 102 sample holes. The full set of results reinforce the Company's belief that Diablillos may contain high concentrations of lithium, potash and boron and that the project has the potential to become a lithium carbonate producer. The Company remains encouraged by the presence of near-surface brines that contain similar, and in many instances higher, lithium and potash concentrations to other established brine developers in South America.
The completed auger program successfully covered a large portion of the Salar which returned average results of 680 mg/L Li, 7,400 mg/L K, 669 mg/L B, 3.75 Mg:Li, and 10.73 SO4:Li. Certain portions of the salar and its margins could not be sampled due to more extensive overburden material. The auger drill has been modified to be able to successfully penetrate the hard calcium carbonate layers commonly encountered, therefore enabling the additional sampling reported in this press release. In general, lithium values decreased towards the salar margins to the north and south, however drilling will be required to establish whether this trend is consistent at depth. Rodinia has a reverse circulation drill program underway on the Salar, which amongst other things will test the depth of the aquifer, as well as the lithium potential under the areas sampled by the auger drill.
To view Figure 1 - Sampling Contour Map, Salar de Diablillos, please visit the following link: http://media3.marketwire.com/docs/RMimage.jpg
Throughout the auger sampling, Rodinia employed a sampling procedure designed to ensure sample integrity by minimizing contamination of brine samples through the dissolution of overlying sediments and evaporates that may be enriched in lithium. All the holes were drilled to a depth sufficient to ensure penetration of the overlying clay layer, which varies in thickness between one and over three metres. Below the clays, a medium to coarse-grained sand aquifer was encountered containing high-grade lithium brine in its porous space. A historical drill hole in the south eastern margin of the Salar indicates the presence of this aquifer to a vertical depth of at least 75 metres, with material coarsening at depth to a coarse basal conglomerate (SEGEMAR; www.segemar.gov.ar). Rodinia has also recently completed a reverse circulation discovery drill hole, drill hole D-RC-01, which indicated the presence of this aquifer to a vertical depth of at least 120 metres.
Sample integrity was maintained by pushing four inch casing down into the hole and pumping, where possible, the contents of the hole. The hole was then left to refill from the aquifer below, ensuring proper representation of brine geochemistry. This brine was then sampled and decanted before collection in sealed plastic containers that had been previously rinsed in the same brine. All samples were sent to ALS Laboratory Group, Environmental Division, in Fort Collins, CO, USA where Rodinia is sending both its Diablillos and Clayton Valley project samples.
The Project is supervised by William Randall, MSc (Geology), the President and CEO of Rodinia, and by Ray Spanjers, Rodinia's Manager of Exploration. Both Messrs. Randall and Spanjers are considered qualified persons, as defined by National Instrument 43-101, and both have reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 300 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3310
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
www.rodinialithium.com
Source: Marketwire (September 24, 2010 - 7:45 AM EDT)
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Asiarim Corporation Announces Trademark Licensing Agreement for Build-In Keyboard Computer
Sep. 24, 2010 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 09/24/10 -- Asiarim Corporation (OTCQB: ARMC) ("Asiarim") announces that its subsidiary, Commodore Licensing B.V. ("Commodore"), in the Netherlands has entered into a Trademark Licensing Agreement for Build-in Keyboard Computer with Commodore USA, LLC ("Licensee"), an independent third party unrelated to Asiarim and any members of Asiarim.
The Trademark License Agreement grants the Licensee the right to manufacture, market and distribute Build-in Keyboard Computer ("Keyboard Computer") and certain accessories for this type of computer, under certain terms and conditions and all subject to the approval of Commodore. The License Agreement is for an initial period of approximately 3 years, provided that certain financial and sales commitments are met, and can be renewed subject to fulfillment of certain sales targets and financial commitments.
With the introduction of the Keyboard Computer, the rich heritage of C64 will be revived which has been initiated and maintained by many user groups around the world. In response to a long desire and numerous requests from these user groups, Commodore decided to grant a limited licensing agreement to the Licensee for Keyboard Computer for the revival and re-introduction of the traditional retro product in the original form factor of Commodore 64, equipped with the latest technology and features.
The revival of the iconic Keyboard Computer in the original form factor is one of the steps in Asiarim's strategy to launch a new exciting line of computer products under the Commodore brand name. A complete product line of notebooks, all-in one desktop PCs, 7, 10 and 11.6 inch tablet computers will be introduced before the end of 2010. Furthermore, Asiarim is focusing on its mobile product gaming strategy, concluding alliances for a new line of mobile handheld devices and smart phone products -- all featured with easy to use mobile applications and direct online access for instant social networking functionalities using the Android Operating System.
Mr. Ben van Wijhe, President and CEO of Asiarim, states, "We will be launching our new line of core products under the Commodore brand soon. However, in recognition of the many 'Commodorians' that grew up with the C64 and who are still active in the playing field of this iconic product of the '80s, we felt compelled to re-introduce the Commodore C64 in the original form factor. We have been looking for a reliable partner and have entered into a limited licensing agreement with Mr. Barry S. Altman, President & CEO of the Licensee, to re-launch the Keyboard Computer under certain conditions, whilst Asiarim will remain focusing on developing and distribution of Commodore's core product line of notebooks, a series of desktop all-in-one computers, as well tablet and mobile (smart phone) devices."
Mr. van Wijhe further added, "We are excited about the initiative of Mr. Altman and we are waiting for the initial prototypes of the Build-in Keyboard Computer for review and product Quality Control approvals. We expect that after this, the product will be ready for distribution to consumers according to the proposed specifications and terms. Commodore Licensing B.V. will follow up with the Licensee regarding the Keyboard Computer products so that it complies with the License Agreement and our USA office in California will also initiate and encourage collaboration within the Commodore group of companies to support the Keyboard Computer product distribution."
Commodore USA, LLC is an independent third party and has no affiliation or association with Asiarim and other Commodore companies other than the limited brand license agreement for the Build-in Keyboard computer.
About Asiarim Corporation:
Asiarim Corporation (OTCQB: ARMC) is a Nevada corporation. The Asiarim Group holds the worldwide rights for the "Commodore" trademark and its subsidiaries are in the business of developing and distribution of computer and mobile products under the Commodore brand as well brand licensing to authorized parties.
Additional information on Asiarim or Commodore can be found at its website at www.commodorecorp.com
Forward Looking Statements:
A number of statements contained in this Report are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain written statements in this press release constitute "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as "should result," "are expected to," "we anticipate," "we estimate," "we project," "we intend," or similar expressions are intended to identify forward-looking statements. Such statements should not be construed as an invitation to participate in an offering of shares in the capital of Asiarim or a confirmation that an offering will indeed occur. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include demand for our services, product development, our ability to maintain acceptable margins and control costs, the impact of federal, state and local regulatory requirements on our business, the impact of competition and the uncertainty of economic conditions in general, including the timely development and market acceptance of products, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that Asiarim achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and we undertake no obligation to publicly update these statements based on events that may occur after the date of this document.
Contact
Asiarim Corporation
Hong Kong, China
Email Contact
Source: Marketwire (September 24, 2010 - 3:44 AM EDT)
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TN-K Energy Completes 1.2 Million Dollar Transaction
Sep. 23, 2010 (GlobeNewswire) --
CROSSVILLE, Tenn., Sept. 23, 2010 (GLOBE NEWSWIRE) -- TN-K Energy Group Inc. (Pink Sheets:TNKY) announced today that the company has purchased the Charles and Lynda Anderson Lease in Overton County TN with funds raised by a Guaranteed Contract. The Anderson lease is approximately 200 acres with 3 existing wells producing approximately 50 barrels per day in the Sunnybrook formation, which ranges in depth from 700 to 900ft. Less than 10% of this lease has been drilled, which leaves 40-45 more locations to be drilled, with several known producing formations in the area down to the Knox Formation of approximately 2000ft.
"I am very excited," said Ken Page, TN-K's CEO, "to have obtained this lease and for the company to have been able to raise $1.2 million to be paid back with royalty payments only, with no stock issuance or interest payments. The company owns 70% of the remaining lease and will receive 30% of the royalty interest of the 3 existing wells after repayment of funds in an estimated 18 months."
About TN-K Energy Group Inc.
TN-K Energy Group Inc. is an independent energy company with operations in Tennessee and Kentucky.
This press release contains "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intent," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may," or words or expressions of similar meaning. Such statements are not guarantees of future performance and could cause the actual results of TN-K Energy Group to differ materially from the results expressed or implied by such statements, including, but not limited to, the company's ability to enter into one or more leases for oil, gas and coal properties, the lack of commercial productivity from drilled wells, the ability to obtain audited financial statements as necessary on these properties, compliance with Federal securities laws, and other factors. Additional information regarding risks can be found in TN-K Energy Group's Annual Report on Form 10-K and its other filings with the SEC. Accordingly, although TN-K Energy Group 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. TN-K Energy Group has no obligation to update the forward-looking information contained in this press release.
CONTACT: TN-K Energy Group Inc.
Ken Page, President
(931) 707-9599
Source: Globe Newswire (September 23, 2010 - 4:34 PM EDT)
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Archer Petroleum Corp. Appoints New CEO and Board Member
Sep. 23, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/23/10 -- Archer Petroleum Corp (TSX VENTURE: ARK)(OTCQX: APEUF)(DBFrankfurt: A6VA) (the "Company") is very pleased to announce effective immediately, the appointment of Mr. Claude V. Perrier III to the position of Chief Executive Officer and a Director of the Company.
Mr. Perrier has 30 years of experience in the Oil & Gas Industry with a key focus on finding, acquiring and developing lower risk, higher impact assets with a high potential return on investment.
Since 1998, Mr. Perrier has been the Managing Director of Henican Terrebonne Property, LLC. where he has overseen the drilling, leasing, subleasing, and permitting of oil and gas wells in South Louisiana, and since 2000 has been a Director of the Louisiana Landowners Association. Mr. Perrier founded the Land Management Group in 1985 which managed all forms of land acquisition projects, including leasing for oil and gas and hard minerals as well as negotiating and implementing a broad spectrum of agreements and contracts for clients including Shell Oil Company, Union Pacific Resources and Burlington Resources. Perrier received his Bachelor of Science Degree from Louisiana State University in 1980.
Mr. Perrier states, "Archer Petroleum is an opportunity that I am delighted to be a part of. The team has considerable technical and operational experience and I believe that our mandate of delivering high rate-of-return projects will provide shareholders with significant growth potential in both the short and long term."
To enable this appointment, Mr. Victor Barcot is stepping down as Chief Executive Officer but will remain an active Director of the Board. The Board wishes to thank Mr. Barcot for his service as CEO.
Mr. Barcot states, "I am very excited that Archer has been able to attract an individual with the skill and experience that Claude has. Claude will be a huge asset in the future growth of Archer, and I look forward to working with him to deliver shareholder value going forward."
To position Mr. Perrier on the Board of the Company, co-founder Arni Johannson has stepped down as a Director of the Board and will move to an advisory role within the Company. The Board wishes to thank Mr. Johannson for making this concession and looks forward to working with him as a valued advisor to the Company.
About Archer Petroleum:
Archer Petroleum Corp. is an independent oil and gas company focused on the exploration and development of its assets in North America including the Western Canadian Sedimentary Basin, the Permian Basin of West Texas, and the Bakken Shale area of North Dakota. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the OTCQX under the symbol "APEUF".
ON BEHALF OF ARCHER PETROLEUM CORP.
Colin Bowkett, President
Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Contacts:
Archer Petroleum Corp.
Colin Bowkett
President
(604) 683-7588
(604) 683-7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com
Tribeca Capital Partners Inc.
Ali Sinawi
1-866-944-8674
ali@tribecacap.com
www.tribecacap.com
Source: Marketwire (September 23, 2010 - 2:41 PM EDT)
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BioCentric Energy Holdings Provides Important Shareholder Updates
Sep. 23, 2010 (GlobeNewswire) --
SANTA ANA, Calif., Sept. 23, 2010 (GLOBE NEWSWIRE) -- BioCentric Energy Holdings, Inc. (Pink Sheets:BEHL) President Monique Berry provided the following shareholder update:
Ms. Berry stated, "The installation of the Company's commercial closed loop photobioreactor systems this week in Death Valley Junction, California is progressing extremely well. The first quarter or CAB (controlled algae basin) is anticipated to be complete today. The team has been digging the necessary trenches for the water lines and tubing, setting guide wire, installing tanks, welding electrical skids for the motors and the PLC.
"Renovations and work on the DVJ building are underway and much progress has been made over the past two weeks. The metal building is being cleaned out this week and minor repairs will commence as early as next week. Once cleaned, this building will be restored to its historical state and will house an on-site laboratory and gift shop. The modular building has been completely stripped and is being remolded to facilitate an onsite office and guest quarters. A satellite and video camera were installed in DVJ last weekend allowing the Company to remotely monitor the entire site from anywhere in the world."
"Today, Dennis Fisher, Chairman of the Board for BEHL, has traveled out of state to meet with representatives of a very large nutraceutical company interested in utilizing the Company's PBR systems to produce commercial volumes of algae for their nutraceutical products. 'This is a very promising opportunity,' stated Ms. Berry. 'We've had several conference calls with this potential client over the past two weeks and believe that their interest in moving forward is immediate. It could be a very synergistic relationship and I look forward to receiving feedback from Dennis Fisher later today following his meeting.'
"At the BEHL headquarters, R&D manager Helmut Gass has successfully developed a solution for efficiently cleaning and sterilizing the PBR systems without the need of replacing the plastic bags. Helmut's diligence and work to find a solution will significantly reduce time and cost involved in replacing plastic bags in the field.
"The laboratory staff is making significant strides over the past two weeks in scaling up large volumes of Haematococcus in the Company's cubes. This algae will be eventually transported to Death Valley Junction where it will be inoculated into the PBR systems.
"Overall, the BEHL team is very pleased with the progress being made in Death Valley Junction and is eager to move on to the Hawaiian project and others later this year."
The BioCentric Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7468
Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as BEHL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.
CONTACT: BioCentric Energy Holdings
Monique Berry, President
714-966-1234
www.biocentricenergy.com
Source: Globe Newswire (September 23, 2010 - 1:39 PM EDT)
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Dorato Receives Highly Positive Lucero Results From Cordillera del Condor, NW Peru
Surface Trenching Intercepts 41 Metres at 3.1g/t Gold and 0.2% Copper
Sep. 23, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/23/10 -- Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE: DRI)(OTCQX: DRIFF)(FRANKFURT: DO5) is pleased to announce that it has received highly anomalous rock sample results from Minera Afrodita's exploration program at the Lucero target, Cordillera del Condor project, Peru. The Lucero discovery zone currently forms a gold and copper mineralized zone that extends for over one kilometre. Significant trench results including 41 metres @ 3.08 g/t gold suggest that the discovery zone has significant bulk tonnage gold potential. Dorato has a right to acquire 100% of Minera Afrodita.
Trench 755201, located within the Lucero gold discovery zone, intercepted 41.4 metres grading 3.1 g/t gold and 0.20% copper with gold grades increasing at depth:. Two pits were excavated to investigate the depth extent of mineralization; grade in Pit V-2 increased with depth from approximately 1.0 g/t gold at surface to just over 6.0 g/t gold at 2.7 metres depth. Rock assay results (from 968 rock samples) range from below detection to 11.17 g/t gold and 2.31% copper.
"We are very excited with these highly positive gold and copper results; the disseminated nature of the mineralization has the potential to form a large, bulk-tonnage gold-copper target at Lucero," stated Keith Henderson, Dorato's President & CEO, "We are beginning to see consistent grade over a very significant area and test pits suggest that the grade could continue or increase with depth."
Trench Sampling Details
Trench 755201 is located in the south-eastern margin of the Lucero discovery zone (Fig. 1). It was excavated in order to evaluate a 9.7 g/t gold-in-soil sample (news release NR10-15). Preserved quartz and hematite veins in Trench 755201 indicate that the exposed rock represents outcrop and has not been reworked by near-surface weathering processes. Composite rock chip samples were collected over intervals ranging between 0.1 to 2.0 metres in length. Highlights from Trench 755201 are shown in Table 1. Gold intercepts are illustrated in Figure 2.
Surface rock sampling and trenching have defined a 1,100-metre by 750-metre northeast-trending mineralized corridor (Fig. 1). Gold and copper mineralization occurs in a hydrothermally altered package of sedimentary and intrusive rocks. Significant gold-copper mineralization is also found in massive magnetite replacement and breccia bodies.
Previous rock sampling results included 10 adjacent rock samples collected over 30 metres of continuous surface sampling that contained grades of up to 11.17 g/t gold and averaged 2.85 g/t gold and 0.37% copper (news release NR09-17). This sampling was completed 350 metres north of Trench 755201 and further illustrates the continuous nature of grades being encountered at surface.
Depth Extent of Mineralization
The depth extent of mineralization will be drill-tested, however excavation of near-surface pits is highly instructive in lieu of such data. Two vertical pits were excavated in Trench 755201 (Fig. 2) to test the depth extent of mineralization. A near-surface vertical profile of gold distribution was obtained by systematically sampling each pit at 10-centimetre intervals. Pit V-1 contains 1.1 metres grading 1.27 g/t gold and 0.51% copper. Pit V-2 contains 2.7 metres grading 3.25 g/t gold and 0.14% copper. Both pits produced increasing intensities of gold mineralization with depth; Grade in pit V-2 increased with depth from approximately 1.0 g/t gold at surface to just over 6.0 g/t gold at 2.7 metres depth.
Table 1. Gold and Copper highlights from Lucero Trench 755201
From To Length Au Cu
--------------------------------------------------
m m m g/t %
--------------------------------------------------
--------------------------------------------------
0 44.3 44.3 2.86 0.22
incl. 3.3 44.3 41 3.08 0.20
incl. 10.8 18.3 7.5 3.99 0.13
incl. 29.3 35.3 6 3.97 0.09
Ongoing Work
Results are expected soon from extensive soil sampling grids surrounding the core Lucero target. In addition, as part of the airborne geophysical surveys ongoing in the Cordillera, the Lucero target area will be flown at a 50-metre line spacings - this increase in geophysical data density will provide better definition on the size of the coincident EM and magnetic anomalies.
Lucero is a 100% grass-roots discovery and was not previously exposed by any informal mining activity. The Lucero target was originally defined by 200-metre line-spaced magnetic and electromagnetic (EM) geophysical data combined with regional geology and stream sediment geochemistry. The Lucero discovery now forms a gold and copper mineralized zone that extends for over one kilometre. Significant trench results, including 41 metres grading 3.08 g/t gold, suggest that the discovery zone has significant bulk tonnage gold potential.
To view the maps accompanying this press release please visit the following link: http://media3.marketwire.com/docs/doratofigs1-3.pdf
Cordillera Del Condor Background
The Cordillera Del Condor has been one of the most important gold-bearing areas in Ecuador and Peru since pre-Incan times. On the Ecuador side of the border, historical high-grade, small scale gold production is reported to have exceeded 100,000 oz per year.
Modern exploration on the Ecuadorian side of the border has resulted in the discovery of multiple, significant and world-class gold and base metal-bearing districts, such as Kinross Gold Corp's Fruta del Norte Gold deposit with an inferred resource of 13.6 million contained ounces of gold averaging 7.23 g/t gold), the Mirador Copper-Gold porphyry deposit (recently sold by Corriente Resources Inc.) with measured & indicated resources of 438 million tonnes at 0.61% copper, 0.19 g/t gold plus inferred resources 235 million tonnes at 0.52% copper, 0.17 g/t gold, and the Mirador Norte Copper-Gold porphyry deposit (indicated 171 million tonnes at 0.51% copper, 0.09 g/t gold; inferred 46 million tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals & Mining Inc's Jerusalem Gold deposit in the Chinapintza district with measured & indicated resources of 0.58 million contained ounces gold at 12.4 g/t gold plus an additional 0.71 million ounces inferred contained ounces averaging 11.5 g/t gold). The technical information with respect to the above deposits was obtained through the respective companies' public disclosure documents available on SEDAR.
Qualified Person
EurGeol Keith J. Henderson, P.Geo. Dorato's President and CEO and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Henderson is not independent of the Company as he is an officer and a shareholder.
The geochemical results were reviewed by Tansy O'Connor-Parsons, Senior Geochemist. Minera Afrodita on-site personnel rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Lima, Peru for assay. ACME's quality system complies with the requirements for the international standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by field personnel in order to independently assess analytical accuracy. In addition, representative blind duplicate samples are routinely forwarded to ACME and an ISO-compliant third party laboratory for additional quality control.
About Dorato Resources Inc.
Dorato Resources Inc. is mineral exploration company focused on the highly prospective Cordillera del Condor Gold District in northern Peru and adjacent to the border with Ecuador - one of the most important gold-bearing districts in the region since pre-Incan times. Dorato, through a series of option agreements has the right to wholly acquire an extensive land package of approximately 1,050-square-kilometres - providing the Company with the largest land position in the Cordillera del Condor and a highly strategic position in this emergent gold district. Dorato is well funded and possesses experienced management with a proven track record.
On behalf of the board of directors of DORATO RESOURCES INC.
Keith J. Henderson, President and CEO
Cautionary Statement
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" within the meaning of the British Columbia Securities Act and the Alberta Securities Act. Generally, the words "expect", "intend", "estimate", "will" and similar expressions identify forward-looking information. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward looking information. Statements in this press release regarding Dorato's business or proposed business, which are not historical facts are forward-looking information that involve risks and uncertainties, such as estimates and statements that describe Dorato's future plans, objectives or goals, including words to the effect that Dorato or management expects a stated condition or result to occur. Since forward-looking statements address events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. The foregoing commentary is based on the beliefs, expectations and opinions of management on the date the statements are made. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Dorato Resources Inc.
Steve Stakiw
Manager - Corporate Communications
604-638-5817
Dorato Resources Inc.
Michael Pound
Manager - Investor Relations
604-638-5817
604-408-7499 (FAX)
info@doratoresources.com
www.doratoresources.com
Source: Marketwire (September 23, 2010 - 1:26 PM EDT)
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Ingen Technologies Results for the Annual Shareholder Meeting
Sep. 23, 2010 (GlobeNewswire) --
YUCAIPA, Calif., Sept. 23, 2010 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:IGNT) announced today the results of the Annual Shareholder Meeting held on September 20, 2010.
The Minutes of our Annual Shareholder Meeting, along with the signed Affidavit of Distribution from Broadridge Financial Solutions, and the signed certification of proxy vote results from Worldwide Stock Transfer are available on our website at http://www.ingen-tech.com/PDFbin/SeptMeeting.pdf
"With all of the support Ingen has received from our shareholders, we were not surprised that the majority of common shareholders who did respond to the proxy had voted in favor of all of the items subject for vote," stated Scott R. Sand, Chief Executive Officer and Chairman of the Board. Sand further stated: "All of our Officers and Directors of Ingen hold less than an accumulative 1% of the common shares, and more than 60% of the Preferred Shares. Although our By-Laws require both quorum and majority of combined votes of Preferred and Common, we were pleased to announce that the common shareholders alone had qualified for majority vote in favor of all items to be voted within the proxy."
The By-Laws for Ingen are available at the following link:
http://www.ingen-tech.com/corpgov.php
Investors can review our current fact sheet at the following link:
http://www.ingen-tech.com/PDFbin/FactSheet.pdf
www.ingen-tech.com
http://www.smartnasalcannula.com/
http://www.ingenpulseoximeter.com/
About Ingen:
Ingen is an ISO Certified medical device manufacturer with an emerging new medical product line for the respiratory market worth an estimated $4 Billion in the U.S., and $8 billion globally. The company introduced Oxyview into the respiratory market in late 2007 after securing U.S. and Foreign Patents and a successful registration with the Food & Drug Administration. The company is establishing domestic and global distribution with manufacture representative organizations, and OEM partners. In 2009 the SMART Nasal Cannula using Oxyview Technology was introduced as the world's first oxygen cannula with an in-line pneumatic oxygen flow meter. In 2010 the company introduced its new INGEN Pulse Oximeter. The Oxyview product line is available to the home care markets, commercial medical markets, aviation, automotive, and government sources. The company is licensed with the Department of Health and Human Services, and manufactures its products in the State of California. With approximately 32 million U.S. patients with Chronic Obstructive Pulmonary Disease (COPD), and 600 million patients worldwide, Ingen Technologies is now the largest manufacturer of in-line gravity-independent oxygen flow meters.
The Ingen Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2472
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
CONTACT: Ingen Technologies, Inc.
Jeff Morgan
909-790-7180
info@ingen-tech.com
www.ingen-tech.com
Source: Globe Newswire (September 23, 2010 - 1:15 PM EDT)
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Blue Gold Beverages Upgrades its Status on OtcMarkets to Current Information
HOUSTON, TEXAS, Sep. 23, 2010 (Marketwire) -- Blue Gold Beverages, Inc. (PINK SHEETS:HHEL) has been put back up to fully reporting status on otcMarkets. Last week due to a discrepancy with a date in the company's Attorneys Letter with respect to Current Information for the quarter ending May31, 2010, Blue Gold Beverages was down to limited status. The issue was dealt with immediately and the correct was made, the company is now up to Current Information.
ABOUT THE COMPANY: Blue Gold Beverages is a leading producer of high end private label beverages in North America. The company is also on a mission 100% environmentally friendly and is actively pursuing all options to attain this very important mission.
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 "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
Daniel Solomita Daniel.solomita@bluegoldbeverages.com
Source: Marketwire Canada (September 23, 2010 - 1:01 PM EDT)
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i-minerals Provides Feasibility Update on Kelly's Basin Deposit
VANCOUVER, BRITISH COLUMBIA, Sep. 23, 2010 (Marketwire) -- i-minerals inc. (TSX VENTURE:IMA)(PINK SHEETS:IMAHF) ("the Company") provides the following update on the ongoing feasibility work on the Kelly's Basin Deposit ("the KB Project"), one of two deposits of economic interest on the Helmer-Bovill property in Latah County, Idaho.
The Kelly's Basin Deposit
The Company engaged SRK Consulting (US), Inc. ("SRK") to complete a NI43-101 compliant technical report on the pre-feasibility of the KB Project. The NI43-101 Technical Report is on schedule for completion by 30 October 2010. The pre-feasibility study is well advanced. SRK has completed a CIM-compliant estimate of Mineral Resources and is currently working on pit optimization and mine engineering to support an estimate of Mineral Reserves. The Mineral Resource statement is shown for feldspar-bearing granitoid rock in Table 1.
Table 1: Statement of Mineral Resources (as of September 23, 2010)--------------------------------------------------------------------------------------------------------------------------------------------------Resource Category LOI Cut-off Total kt % Na2O %K2O-------------------------------------------------------------------------Indicated 2.5% 18,900 4.16 3.34 Inferred 2.5% 9,200 4.19 3.32 --------------------------------------------------------------------------------------------------------------------------------------------------
Roberts & Schaefer Engineers & Contractors ("R&S") is commissioned to complete the process flow sheet, as well as design and engineering of the process plant and infrastructure (including the packaging and trans-loading facility) in support of the KB Project.
Strata Geotechnical Engineering ("Strata") is commissioned with a wide-range of geotechnical work for the KB Project and is working closely with Taylor Engineering on the design and engineering of the haul road which will connect the mine with the process facility. R&S and Tetra Tech will also provide input into the haul road.
Tetra Tech ("TT") is responsible for project environmental, permitting and geotechnical assessment of the mine and plant facilities as well as the tailings and waste rock facilities. TT is working closely with Dr. Jay R. Eliason who is providing hydrologic and hydrogeologic support for the KB Project.
Geotechnical drilling and evaluation has been completed to assess the suitability of using a historic pit located in close proximity to the process plant - 150m (500ft) - for tailings deposition. This drilling has provided subsurface soil, groundwater and bedrock engineering characteristics through various core sampling and standard penetration testing. A total of 8 bore holes were drilled in the vicinity of the proposed tailings facility, totaling 614ft. The samples acquired have undergone laboratory tests such as swell consolidation, in situ density, moisture content, shear strength, rigid wall permeability, and soil classification, all of which will support industry best practice design and construction of the tailings impoundment facility.
In conjunction with geotechnical drilling, 3 bore holes were deepened from 40 feet to over 100 feet in which piezometers were installed to monitor groundwater and establish site hydrogeological characteristics. A hydrogeologic model based upon the data acquired is nearing completion. The results of this work will be included in the Technical Report.
Three trenches have been excavated and three geotechnical bore holes, totaling 93 feet, were also completed at the proposed process facility. The data acquired will be used by R&S in the foundation design of the process facility.
Overall, the infrastructure logistics of the mill and tailings facility appear very favorable. The proposed mill site is about 1 kilometer (0.6 miles) from State highways #3 and #8. Natural gas and electricity are adjacent to the highway providing easy, low cost access to the plant location.
The WBL Primary Clay Deposit
The Company has commenced resource delineation drilling and preliminary work on the WBL Primary Clay deposit ("the WBL Project"). The Company has commissioned SRK to prepare a NI43-101 compliant technical report and Preliminary Assessment (scoping study) of the WBL Project. This work is currently underway and is scheduled for completion in Q4 2010.
"We know the KB and WBL Projects host high purity minerals and have always believed that the location offers attractive economics," stated Roger Kauffman, President and CEO of i-minerals inc. "We believe that once completed, the combination of the pre-feasibility study on the Kelly's Basin deposit together with the preliminary economic assessment of the adjacent WBL Primary Clay deposits will provide a robust valuation of our feldspar-quartz-kaolin and halloysite deposits."
A. Lamar Long, CPG, is the Qualified Person ("QP") for the Helmer-Bovill project under NI 43-101 standards. He oversees the quality control and quality assurance program and the selection and preparation of all samples for metallurgical analysis and reviews all analytical results prior to public disclosure.
i-minerals inc.
Roger Kauffman, President & CEO
This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
i-minerals inc. 877-303-6573 or 604-303-6573 604-684-0642 (FAX) info@imineralsinc.com www.imineralsinc.com Encompass Communications Inc. info@encompassinc.ca
Source: Marketwire Canada (September 23, 2010 - 12:32 PM EDT)
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BUYINS.NET Issues B2 Digital SqueezeTrigger Report
Sep. 23, 2010 (GlobeNewswire) --
MESA, Ariz., Sept. 23, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announced today that BUYINS.NET released an independent report on September 22, 2010 highlighting the short position in B2 Digital stock. A portion of the press release issued by BUYINS.NET as well as links to their full report is reprinted below:
Sep 22, 2010 1:21:00 PM
2010 GlobeNewswire, Inc.
Approximately 136 Million Shares Shorted Since August 2009
Short Squeeze Expected Above $.009 SqueezeTrigger Price
NEWPORT BEACH, Calif., Sept. 22, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on B2Digital (Pink Sheets:BTDG) after releasing the latest short sale data through September 21, 2010. The total aggregate number of shares shorted since August 2009 is approximately 136 million. Approximately 27.86% of daily trading volume is short selling. The SqueezeTrigger price for all (Pink Sheets:BTDG) shares shorted is $.009. A short squeeze is expected when shares of BTDG close above $.009.
Click here to view Report: http://www.buyins.com/reports/btdg9-21-10.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images/btdgstr9-21-10.jpg
Click here for Friction Factor: http://www.buyins.com/images/btdgff9-21-10.jpg
Friction Factor calculates if a fair market is being made in the shares of BTDG. 33% of the previous 27 trading days have been positive or bullish-biased and 67% have been negative or bearish-biased.
Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.
BUYINS.NET monitors BTDG market-makers daily for compliance with Fair Market-Making Requirements.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, and comparable valuations.
About B2 Digital
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and other factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.
CONTACT: Atlanta Capital Partners, LLC
For B2 Digital
David Kugelman
866-692-6847
Source: Globe Newswire (September 23, 2010 - 10:58 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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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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Apella Defeats SOQUEM Inc.'s Declaration of Intervention re Lac Dore Claims
Sep. 23, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/23/10 -- Apella Resources Inc. (TSX VENTURE: APA)(OTCQX: APAFF)(FRANKFURT: NWN) is very pleased to announce that the Company has defeated staker Rejean Picard and SOQUEM Inc. ("SOQUEM"), a wholly owned subsidiary of la Societe generale de financement du Quebec, a Crown Corporation of the Province of Quebec, on a Declaration of Intervention filed in the Quebec Court. The case was heard on August 23rd, 2010 and the decision now rendered.
Patrick D O'Brien, ICD.D, Apella's Chief Executive Officer commented, "This is precisely the outcome we anticipated. Judge Francois Godbout, J.c.Q. made a fair and appropriate decision which now allows for Apella to focus on "its appeal" regarding entitlement to some of the Lac Dore claims not already awarded Apella to date. Apella looks forward to presenting its compelling arguments in the upcoming final step, November 29th, 30th, and December 1st, 2nd, and 3rd; which should conclude this lengthy multi-year process where upon Apella wishes to rightfully gain the ownership to the near entirety of the Lac Dore, the world's second largest vanadium deposit."
As outlined in Apella's news release of April 29th, 2010, these parties which filed the Declaration of Intervention asked that they be joined as a party in the Apella's appeal of the decision of the Ministere des Ressources naturelles et de la Faune du Quebec (herein referred to as the "Quebec Ministry") regarding certain Lac Dore claims. Unlike Apella which filed its own appeal to the Ministry's earlier claim award, these parties did not appeal the decision of the Quebec Ministry and attempted to utilize this intervention procedure to become parties to Apella's appeal.
The 9 claims that Apella is slated to receive under the Quebec Ministry's earlier decision provide Apella with a majority interest in the key mineralization making up the original Lac Dore Deposit. Apella's management is well aware that the asset at stake in this matter is the world's second largest Vanadium deposit and feels that the reasons set forth in the Quebec Ministry's earlier decision denying 9 of the other claims Apella staked are not justified. Apella is confident in its position and with the full 18 claims Apella's interest is expected to cover approximately 95-97% of the original Lac Dore Vanadium Deposit.
Apella will now be able to attend to its upcoming appeal when its arguments will be heard November 29th and 30th and December 1st, 2nd, and 3rd without the unwarranted interference of non-entitled third parties. Apella, the Attorney General for the Province of Quebec and the Courts of Quebec have agreed upon these specific court dates to be set aside to hear Apella's Appeal of the Lac Dore decision handed down by the Quebec Ministry wherein Apella was awarded 9 of the 21 Lac Dore claims staked by it, but refused on 9 others. Apella is of the opinion that not only did it stake the 9 claims it has been awarded in the Quebec Ministry's decision appropriately, but it also staked the additional 9 claims it wants awarded to it in accordance with the long established spirit as set out under section 17 of the Quebec Mining Act. Apella commented on the filing of its appeal in its April 8th, 2010 Corporate Update news release.
"The Lac Dore claims in this matter form a very important and integral part of the well known Lac Dore Vanadium Deposit in Chibougamau, Quebec. The geological setting and mineralization encountered in the Lac Dore Deposit has many similarities to that of Apella's 100% owned Iron-T Vanadium-Titanium-Iron project located in the Bell River Complex to the west, and with typical world-class magmatic Fe-Ti-V oxide deposits associated with a layered intrusive complex. Most of these deposits world-wide are associated with mafic-ultramafic layered complexes such as the Lake Dore Complex; the Windimurra Complex in Australia; the Panzhihua layered intrusion in China and the Bushveld Complex in South Africa. About 39.5% of total world vanadium production (55 700 t in 2006 (USGS, 2006)) is said to come from the Bushveld Complex, in particular the Rhovan Mine. The V-Fe-Ti oxide ores at Bushveld form concordant layers varying from 0.1 to only 10 m in thickness within the Upper Zone but most of these layers are relatively thin and less than 30 cm in thickness.
"The economically important Main Magnetite Layer varies from 1.0 to 2.5 m in thickness and covers a strike length of 200 km in the western Bushveld Complex and 120 km in the Eastern Bushveld Complex (Reynolds, 1985)." The Rhovan mine is the primary vanadium producer situated within the Western Lobe of the Bushveld Complex. The mine is located some 35 km ENE of Rustenburg, South Africa. The vanadium mineral resource and ore reserve of Rhovan mine reported by Xstrata Alloys as of September 2007 (Xstrata Alloys, 2008) are:
Proved Ore Reserves - 39.2 Mt @ 0.51% V2O5
Probable Ore Reserves - 10.5 Mt @ 0.53% V2O5
Measured Mineral Resources - 64.4 Mt @ 0.51% V2O5
Indicated Mineral Resources - 13.7 Mt @ 0.53% V2O5
Inferred Mineral Resources - 124.9 Mt @ 0.51% V2O5"
The Lac Dore Complex, is a Bushveld-type Archean layered mafic intrusion (Allard, 1976) located some 250 km due east of Matagami in the Chibougamau mining camp. The Lac Dore is advanced Vanadium project; currently the largest vanadium deposit in North America, and the second largest in the world. It shows a geological setting and vanadiferous mineralization similar to Apella's Iron-T vanadium project. Unlike the Bushveld, the Lake Dore Complex itself is 5 to 7 km in thickness. The magnetite horizons vary from 50 to 200 m in thickness and extend several km along strike as inferred from airborne magnetic data. "The Lac Dore Vanadium deposit at Chibougamau is estimated to host 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources at 0.65% V2O5 (Girard and Allard, 1998). Apella derived these details from the public domain and they are noted to be pre NI 43-101.
Apella has concluded that with the ownership of the aforementioned 18 Lac Dore Vanadium deposit claims, coupled together with Apella's present 100% owned Iron-T and Lac Dore projects, the Company has the potential to quite rapidly control enough mineralization to propel Apella into the position of having the most extensive Vanadium assets in the world.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Apella Resources Inc.
W. Adrian Bakker
Business Development
604-683-8990 or Toll Free: 1-800-663-8990
604-683-8903 (FAX)
apella@apellaresources.com
www.apellaresources.com
Source: Marketwire (September 23, 2010 - 10:00 AM EDT)
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Garb (OTCBB: GARB) Is Launching Its High Throughput Refrigerator Waste Recycling Secondary Shredder and Granulators, Available for Sale Immediately (OTCQB: GARB)
The Garb R80 With Innovative Knife Adjusting Technology and 5 Year Warranty
Sep. 23, 2010 (Marketwire) --
SALT LAKE CITY, UT -- (Marketwire) -- 09/23/10 -- Garb Oil & Power Corporation (OTCBB: GARB) (OTCQB: GARB) www.garbop.com announces the introduction of its heavy duty, high throughput Secondary Shredders and Granulators, using knife adjusting technology.
Garb President John Rossi states, "We have provided all of our Secondary Shredders -- Granulators with semiautomatic, or as an option fully automatic, knife adjustment system. This means the knife can be adjusted during operation without stopping the machine. This procedure leads to a re-sharpening of knives." Garb CTO Igor Plahuta states, "To make this happen, we have implemented this knife adjustment system in our Secondary Shredders in order to ensure a more or less equal rotor knife position in relation to the stator knives. This is very important for wear intensive production such as tire and e-scarp shredding, where the knives need to be adjusted 4 times a day which normally creates a downtime of 3-4 hours each day. By this adjustment system we have created a machine with an availability of 95%. In less wear intensive applications, like waste shredding, the availability of the machine is more important. Large volume plants rely on the capacity and workability of such machines to sustain throughput and maximize production."
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Secondary Shredders - Granulators
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Rotor
dimension Screen size
sizes in Max. power Weight in in Through put
PRODUCT NAME inches (mm) in kw tons inches (mm) rate
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Refrigerators
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GARB R80/120 36.4 x 54.5 250 35 1.22 (27) 100-150
(800 x 1200) units/h
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ALL MACHINES HAVE A 5 YEAR WARRANTY*
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*wear and tear parts excluded
Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle™ technology and NoWaste™ residue. Our processing plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR, are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste™. It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle™ principle and a world with NoWaste™ www.garbop.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.
Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation is not required to update its forward-looking statements.
CONTACT:
Garb Oil & Power Corporation
John Rossi
President
Ph: +1-801-7381355
Fax: +1-801-7381102
Email Contact
www.garbop.com
Source: Marketwire (September 23, 2010 - 8:38 AM EDT)
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Comverse Rolls Out Visual Voicemail at Portugal's Largest Mobile Operator
'Clientless' Visual Voicemail Helps Subscribers Hear Messages Faster, Works on Virtually All Handsets
Sep. 23, 2010 (GlobeNewswire) --
WAKEFIELD, Mass., Sept. 23, 2010 (GLOBE NEWSWIRE) -- Comverse Visual Voicemail has been deployed by TMN, Portugal's largest mobile operator, to enable users to hear voice messages as soon as they are recorded – without requiring specific handsets.
To ensure mass-market availability, TMN Portugal selected a "clientless" form of Comverse Visual Voicemail, which notifies subscribers with a multimedia message (MMS) about the caller's identity and message length and time. Subscribers then click to listen, and the message also can be easily stored and forwarded.
"By infusing voice messaging with unbeatable speed and ease of use, Voicemail-to-MMS makes voicemail highly attractive to our users," said Mário Sousa, Head of Data and Content at TMN. "Comverse's clientless Visual Voicemail solution enables us to extend the service to the broadest number of consumers. As we expected, there is positive impact on the number of messages deposited, message retrievals, calls returned and overall user satisfaction. The Voicemail-to-MMS service is clearly answering our ultimate goal of increasing voicemail usage."
The global market leader, Comverse has more than two-thirds of visual voicemail commercial deployments worldwide.
"Clientless deployment puts Visual Voicemail where it should be — into the hands of as many users as possible -- as fast as possible," said Dror Bin, President of Global Sales at Comverse, the world's leading supplier of software and systems enabling value-added messaging and content services, converged billing and active customer management, and IP communications.
"Results from TMN support the principle that when callers know message delivery is instantaneous, they deposit more voice messages. Similarly, the relevance of immediate listening stimulates people to return more calls," Bin said. "The bottom line is greater user satisfaction and higher voicemail usage, which operators report can increase as much as 30 to 50 percent. Moreover, adding multimedia capabilities to voicemail paves the way for several attractive revenue generating opportunities and services, such as branding and mobile advertising."
About TMN
TMN is a subsidiary of the Portugal Telecom Group and the leading mobile telecommunications provider in Portugal, with more than 7 million customers.
Investing in the ongoing diversification of solutions tailored to individual and professional needs, TMN makes technological innovation and orientation towards the client drive its overall activity, supported by constant investments to strengthen the network coverage and the quality of service.
TMN has a history of leading the mobile market in Portugal with attractive, advanced services. In 1995, TMN was the first company anywhere in the world to introduce a pre-paid service with top-up facilities, using a model that was later adopted by operators around the globe. More recently, TMN made history when it became the first operator to launch video call mobile service within the Portuguese market, simultaneously becoming the 3rd operator to launch this service in Europe. To date, TMN has launched a set of innovative 3G, 3.5G and 4G services.
For more information, please visit www.telecom.pt
About Comverse
Comverse is the world's leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. Comverse's extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. The company's innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse's solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, IP, IMS or converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (Pink Sheets:CMVT). For more information, visit www.comverse.com.
The Comverse Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7454
All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).
This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved. Important factors that could affect the statements contained herein include: changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; and risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis. The company undertakes no commitment to update or revise forward-looking statements except as required by law.
CONTACT: Comverse Technology, Inc.
Investor/Business Press:
Paul D. Baker
(212) 739-1060
paul.baker@cmvt.com
Comverse, Inc.
Industry Press:
Steve Eisenberg
(732) 652-4712
steve.eisenberg@comverse.com
Source: Globe Newswire (September 23, 2010 - 8:30 AM EDT)
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Alexis Issues Corporate Non-Disclosure Statement
Sep. 23, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 09/23/10 -- ALEXIS MINERALS CORPORATION (TSX: AMC)(OTCQX: AXSMF) ("Alexis" or the "Company") advised today that it has no knowledge of any reasons that may have caused the significantly higher than normal trading in the Company's stock over the past week. The Company can only suggest there may be some speculation about the impending receipt of the Feasibility Study for its Snow Lake, Manitoba gold project. As previously reported, this study is expected to be delivered to the Company's management at the end of September, 2010, after which the Board of Directors will review it in consideration of making a production decision.
The results of the Feasibility study will be published after review by the Company's senior management, likely in October, 2010.
About Alexis Minerals
Alexis Minerals Corporation is a Canadian mining company listed on the Toronto Stock Exchange (symbol "AMC") and trades in the United States on the Over the Counter QX International platform (OTCQX: AXSMF). The Company owns one producing gold mine in Val-d'Or and the right to earn a 100% interest in the Lac Pelletier gold property in Rouyn-Noranda, both in Quebec. Alexis also owns the Snow Lake Mine in Manitoba. With these assets Alexis has the potential to develop gold production forwards. Alexis is targeting mid-tier gold production levels in 2011. Alexis undertakes exploration in the mineral rich Val-d'Or (100% ownership of 212 sq. km.) and Rouyn-Noranda Mining Camps (50% ownership of 785 sq.km and in joint venture with Xstrata Copper) as well as in the Snow Lake Mining Camp (100% ownership of 50 sq. km). For more information about Alexis Minerals visit www.alexisminerals.com.
Forward looking information
This document may contain or refer to forward looking information within the meaning of applicable securities laws, based on current expectations, including, but not limited to, mineralization projections, future exploration priorities, estimates and costs, projected capital and operating expenditures, future exploration plans and techniques, estimates regarding the timing and costs of exploration, mineral prices, and future mining plans. Forward looking statements are subject to significant risks and uncertainties, including those risks identified in the annual information form of the Company, which is available under the profile of the Company on SEDAR, and other factors that could cause actual results to differ materially from expected results. Estimates and assumptions underlying the mineralization projections are based upon extensive technical and scientific analysis conducted by the management of the Company, the results from drill programs and other exploration, the analysis of external consultants and information obtained by the Company from third parties. Readers should not place undue reliance on forward-looking information. Forward looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.
Contacts:
Alexis Minerals Corporation
David Rigg
President and CEO
(416) 861-5889
(416) 861-8165 (FAX)
info@alexisminerals.com
Alexis Minerals Corporation
Bruce Barch
VP Investor & Corporate Affairs
(416) 861-5905 or Toll Free: 877-717-3027
bruce.barch@alexisminerals.ca
Alexis Minerals Corporation
Louis Baribeau
Relationniste
(514) 667-2304
lb@decorporateconsultants.ca
www.alexisminerals.com
Source: Marketwire (September 23, 2010 - 8:30 AM EDT)
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Bralorne Gold Mines Ltd.: BK Zone 4th Lift Assays Range up to 5906.8 g/T of Au Over a Width of 0.4 Meters
VANCOUVER, BRITISH COLUMBIA, Sep. 23, 2010 (Marketwire) -- Bralorne Gold Mines Ltd. (TSX VENTURE:BPM)(PINK SHEETS:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN:A0B75M) (the "Company") is pleased to report on results at its Bralorne Pioneer Mine property, where high-grade assay results were recently received from on-going surface and underground exploration.
Underground Exploration - BK VEIN
Underground development continues with trial mining (shrinkage stoping) up from the 800 level. The fourth lift averaged 32.2 g/T gold (0.938 oz/ton) over 0.9 meters (1.1 ft) for the vein, with assay results ranging up to 5906.8 g/T gold (172.3 oz/ton) over a width of 0.4 meters (1.4 ft). This high-grade assay supersedes a previous high-grade assay of 799.9 g/T gold (23.33 oz/ton) obtained from lift 3. The full mining width for lift 4 averaged 8.26 g/T gold (0.241 oz/ton) over 1.6 meters (5.3 ft), with the stope ranging from 1.0 to 3.0 meters (3.2 ft to 9.8 ft) wide.
Underground Exploration - North VEIN
The North vein, situated in the historic King mine, is being explored by raises and sublevels to confirm a resource block situated between the 800 and 700 levels. Results so far indicate an average grade of 45.6 g/T gold (1.33 oz/ton) over an average width of 0.5 meters (1.5 ft) for the vein, or 14.6 g/T gold (0.425 oz/ton) over 1.7 meters (5.5 ft) for the development width. Individual vein assays range up to 277.3 g/T gold (8.088 oz/ton) over a vein width of 0.5 meters (1.6 ft). A mineralized zone extending 60 meters in length and 35 meters in height is being explored. Trial mining by modified room and pillar method is planned to follow.
Stockpile and Mill Start-up
As of 15 September, approximately 6400 tons of material at an estimated grade of 12.1 g/T gold (0.352 oz/ton) has been stockpiled at the main 800 level portal and approximately 5200 tons remains in broken inventory underground. The Company is planning to re-start the gold mill this fall at a rate of 100 tons per day. Once the stockpile has been processed successfully, the Company plans to continue mining and milling of all the material available from the North and BK areas. Plans are to continue operations by doing further exploration development of resources identified on four separate veins.
The high variation in assay results is characteristic of the lode-gold style of mineralization and the significant nugget effect due to the presence of coarse particulate gold. As such, all samples of quartz veins are assayed by the metallics screen method, which provides a more reliable assay than standard fire assays. A quality control program is also being followed for all assays, which involves monitoring results of blank and certified standard samples that are inserted in the sample stream at a frequency of 10%. The stockpile grade was determined from assays of approximately 700 samples that were analyzed at the mine laboratory (60%) or at Ecotech Laboratory in Kamloops (40%) by the fire assay method using 1 assay ton charges.
Surface Exploration
Surface diamond drilling has intersected high-grade gold mineralization on the upper part of the BK vein. Holes 165 through 174 were drilled to follow-up previous holes, with positive results obtained for holes 165-169 and 174. Visible gold was noted in five of these holes. The best intercept was in hole 169, which assayed 140.46 g/T gold (4.096 oz/ton) over 0.6 meters. Visible gold was observed in the last hole drilled (hole 174). The holes were drilled to follow-up hole 149 which assayed 43.51 g/T gold (1.269 oz/ton) over 0.9 meters (check assay 104.5 g/T gold), and hole 151 which contained visible gold and assayed 9.5 g/T gold (0.277 oz/ton) over 0.5 meters (1.8 ft). Significant assay results received to date are summarized in Table 1 below.
The Company is excited because these drilling results indicate a new mineralized shoot above the one currently being developed. This new zone could be mined from the decline that was initiated in 2009 to explore the BK vein at the 575 Level.
All holes were drilled at NQ size and the recovered core was split for sample collection. One half of the core was sent for analysis and the other half is stored at the core facility located at the mine site. Samples were shipped to Eco Tech Laboratory Ltd. at Kamloops, BC, and gold geochemical analyses were done by the fire assay method using a 1 assay ton charge. All samples of quartz vein are assayed by the metallics method. Quality control is being achieved by inclusion of reference standards and blank samples in 10% of the samples, and by repeat analyses on selected pulps. Additional analyses of selected samples will be done at a second commercial laboratory as a further check. All assay rejects are being retained at the site for further analysis if required.
Table 1: Significant Drill Hole Assays from Upper BK Zone ---------------------------------------------------------------------------- Core Inter- True Au From To val Width (oz/ Au Hole Az. Inc. (m) (m) (m) (m) ton) (g/T) Comment Target----------------------------------------------------------------------------SB-149 360 -45 172.1 173.0 0.9 0.6 1.269 43.51 Vein Zone BK (50% vein) ----------------------------------------------------------------------------SB-151 360 -57 178.7 179.2 0.5 0.2 0.277 9.50 Vein - BK contains VG ----------------------------------------------------------------------------SB-165 7 -46 171.6 172.6 1.0 0.6 0.736 25.23 Vein BK----------------------------------------------------------------------------SB-166 6 -53 202.4 204.2 1.8 1.0 0.594 20.37 Vein - BK contains VG ----------------------------------------------------------------------------SB-167 6 -57 234.3 235.2 0.9 0.4 0.759 26.00 Vein - BK contains VG ----------------------------------------------------------------------------SB-168 352 -45 169.0 169.6 0.6 0.4 1.011 34.70 Vein BK----------------------------------------------------------------------------SB-169 352 -49 193.4 194.2 0.8 0.4 0.134 4.59 Vein Zone BK (50% vein) ----------------------------------------------------------------------------SB-169 352 -49 194.2 194.9 0.8 0.4 0.189 6.46 Vein BK----------------------------------------------------------------------------SB-169 352 -49 194.9 195.5 0.6 0.3 4.096 140.46 Vein - BK contains VG ----------------------------------------------------------------------------SB-169 352 -49 208.9 209.9 0.9 0.5 0.101 3.45 Alteration Zone BK----------------------------------------------------------------------------SB-171 14.5 -47 167.0 167.3 0.3 0.2 Pending Pending Vein BK----------------------------------------------------------------------------SB-172 358 -61 215.4 216.4 1.0 0.4 Pending Pending Vein BK----------------------------------------------------------------------------SB-174 358 -45 145.1 145.7 0.6 0.4 Pending Pending Vein+Alt - BK3 contains VG ----------------------------------------------------------------------------SB-174 358 -45 167.7 168.1 0.4 0.2 Pending Pending Alteration - BK contains VG ----------------------------------------------------------------------------SB-174 358 -45 168.1 170.1 2.0 1.2 Pending Pending Vein BK----------------------------------------------------------------------------Abbreviations: m = meter; Au = gold; oz/ton = troy ounce per short ton; g/T = grams per metric tonne; VG = visible gold.
Cautionary Note: The Company considers all intercepts assaying 0.1 oz/ton Au or greater as significant, but cautions that these intercept data are preliminary in nature and not conclusive evidence of the likelihood of the occurrence of an economic mineral deposit.
Dr. Matt Ball, P.Geo., Chief Operating Officer for the Company, is the qualified person who prepared the technical information contained in this news release.
For more information, please visit our website at: www.bralorne.com
ON BEHALF OF THE BOARD
William Kocken, President & Chief Executive Officer
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Bralorne Gold Mines Ltd. President & Chief Executive Officer (604) 682-3701 (604) 682-3600 (FAX) ir@bralorne.com www.bralorne.com
Source: Marketwire Canada (September 23, 2010 - 8:00 AM EDT)
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