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PSDV (1.0201) Scheme Meeting of pSivida Limited: 6 June 2008 CHAIRMAN'S ADDRESS
Friday, June 06 2008 3:31 PM, EST
Business Wire "US Press Releases "
BOSTON & PERTH, Australia --(BUSINESS WIRE)--
Good afternoon ladies and gentlemen, and welcome to this important meeting of pSivida Limited shareholders to consider the proposed reincorporation of pSivida Limited into the United States of America (the Reincorporation).
I am Dr. Paul Ashton, the Managing Director of pSivida Limited and Chairman of today's meeting, and, on behalf of my fellow directors, I thank you for taking the time to attend.
A copy of my address will be posted on pSivida Limited's website today and will be lodged with the ASX to provide access for as many shareholders as possible.
There is a quorum present so I will now formally open this meeting of pSivida Limited shareholders. You have all have received a copy of the Notice of Meeting which was contained in the Information Memorandum dated 2 May 2008 which was sent to all shareholders. If there is no objection, I propose to take the Notice of Meeting as read. Extra copies of the Notice are available in the foyer.
With me today are fellow representatives of the Company being Mr. Brian Leedman, Vice President of Investor Relations, Mr. Winton Willesee, the Secretary of the Company and Mr. Aaron Finlay, Consultant.
Since today's meeting is important for the Company's shareholders, I think it is worth recounting on the background to today's meeting, prior to proceeding to the meeting's formal business.
During the past thirty six months, the Company has been implementing its previously articulated strategy of concentrating operations in the United States of America . As a result the Company has achieved significant milestones that have dramatically improved its financial and strategic position.
-- We acquired Control Delivery Systems, a US corporation,
including its ophthalmic products and technologies
-- Pfizer became our largest stockholder and collaborative
partner to develop ophthalmic products,
-- Medidur(TM) FA for DME entered Phase III pivotal trials and is
completely funded by our US collaborative partner, Alimera
Sciences.
-- We reported favourable results of Phase IIa trials for
BrachySil(TM) for pancreatic cancer and will begin a Phase IIb
trial shortly.
-- We sold non-core businesses, restructured our organisation and
located most of our operations in the US.
-- Through our Pfizer and revised Alimera Sciences
collaborations, we have significantly strengthened our
financial position.
As part of the Company's strategy of building a global drug delivery company and in order to make the Company a more attractive investment to its shareholders by increasing shareholder liquidity, it is proposed that the Company reincorporates in the United States of America with a primary listing on the Nasdaq Stock Market and continued listings on the Australian Stock Exchange and the Frankfurt Stock Exchange .
I note that the new US Company , New pSivida, Inc. changed its name to pSivida Corp. on 23 May 2008 . So all references to New pSivida, Inc. in the Information Memorandum should be read as being references to pSivida Corp.
Following the proposed Reincorporation, directors, executive officers, assets and operations of the Company are expected to remain the same and shareholders will have the same proportionate investment in pSivida Corp. CDIs and shares of common stock of the new US company, pSivida Corp. will be issued in exchange for ordinary shares and ADSs. However, each CDI and share of pSivida Corp. will represent 40 of our current shares or 4 of our current ADSs (as each ADS represents 10 shares).
Along with the Reincorporation, we are also proposing a new ESOP (Employee Incentive Plan) which is in a form typical for US public companies and which provides important US tax benefits for the Company that are not provided in the Company's existing ESOP. The new ESOP will be implemented and replace the current ESOP only if the proposed Reincorporation is approved. The Board believes that an ESOP is an important tool to attract, motivate and retain key employees. An extraordinary general meeting to approve the new ESOP will be held following this Scheme Meeting.
The Board of Directors has unanimously concluded that the proposed Reincorporation is in the best interests of shareholders and has unanimously recommended a vote in favour of approval. An Australia -based independent expert engaged to evaluate the proposed reincorporation has concluded that the proposed transaction is in the best interests of shareholders.
The Information Memorandum dated 2 May 2008 which was sent to all shareholders contained the Directors' recommendation, the reasons to vote in favour of the Reincorporation, and reasons not to vote in favour of the Reincorporation together with the Independent Expert's Report by Pitcher Partners . Additional copies of the Information Memorandum are available here today.
As detailed in the Information Memorandum, the Reincorporation is subject to a number of conditions and will only be implemented if all of those conditions have been satisfied at the time that the Court is asked to approve the Reincorporation.
One of those conditions is that the requisite majority of shareholders must approve the Reincorporation by passing the resolution to be considered at today's meeting.
If shareholders approve the Reincorporation today, then we intend to seek Court approval of the Reincorporation in the Federal Court of Australia in Sydney on Tuesday 10 June 2008 . The other conditions (apart from Court approval), either have been satisfied or are expected to be satisfied before the Court hearing.
Should the Court approve the Reincorporation on that day, the Reincorporation will be implemented, and the Company will "re-domicile" in the United States . As you know, this is a shorthand description of the scheme which involves the following (in summary) -
(a) all the shares in the Company being transferred to a new US company called pSivida Corp;
(b) pSivida Corp. issuing shares/CDI's to the existing shareholders in the Company;
(c) all of the assets and liabilities of the Company (including the options and warrants and the shares in subsidiaries held by the Company) being transferred by order of the Court to pSivida Corp; and
(d) the Company being deregistered without a winding up by order of the Court.
pSivida Limited's shares are expected to cease trading on the ASX at the close of trading on 11 June 2008 . On 12 June 2008 , deferred settlement trading of CDI's will commence on ASX , and trading in the common stock of pSivida Corp. will commence on NASDAQ on a when-issued basis on that same day. pSivida Corp. will trade under the ticker PVA on the ASX. We expect that pSivida Corp. will trade on Nasdaq under the same symbol that pSivida Limited currently trades under on Nasdaq, being PSDV.
On 4 June, pSivida announced a change to the indicative timetable contained in the Information Memorandum for the implementation of the Scheme. This change will have the effect that the deferred settlement trading of the CDIs on ASX will be extended from 19 June until 25 June. Otherwise the original timetable is unchanged.
We are currently seeking to confirm when trading of pSivida Corp. common stock and CDIs will commence on the Frankfurt Stock Exchange . Although our published timetable indicated that such trading will commence on either June 11 or June 12 , we are awaiting confirmation of whether it will be possible to trade common stock and CDIs on the Frankfurt Stock Exchange on a deferred settlement basis as from either of those dates. We will update you on the date that trading on the Frankfurt Stock Exchange is expected to commence after receiving additional information.
As set out in the Information Memorandum, a class ruling application has been lodged with the Australian Taxation Office (ATO) seeking confirmation that the conditions for scrip for scrip rollover relief are satisfied and that rollover relief will be available in relation to the transfer of Shares from the Company to pSivida Corp. under the Scheme. The ruling application is currently being considered by the ATO and the final ruling has not yet been issued, although we expect that it will be issued fairly shortly. Shareholders will be advised once the final ruling has been issued.
I would now like to continue with the formal business of the meeting to consider the resolution.
Only people holding blue cards are able to vote and ask questions at today's meeting. Visitors holding a white card are not eligible to vote or speak at the meeting. People holding a yellow card are not eligible to vote but are eligible to speak at the meeting.
Shareholders have been asked to consider, and if thought fit, pass the following resolution (Resolution):
"That, pursuant to and in accordance with sections 411 and 413 of the Corporations Act, the Scheme, the terms of which are contained in and more particularly described in the Information Memorandum (which accompanies the notice convening this meeting), is approved (with or without modification as approved by the Federal Court of Australia )."
For the Reincorporation to proceed and become effective, the Resolution must be approved by:
a) (unless the Court orders otherwise), a majority in number (more than 50%) of pSivida Limited shareholders present and voting at the scheme meeting in person, by attorney, by proxy or, (in the case of corporate pSivida Limited shareholders) by authorised representative; and
b) At least 75% of the total number of votes cast on the Reincorporation at the Scheme Meeting by pSivida Limited Shareholders in person, by attorney, by proxy or, (in the case of corporate pSivida Limited shareholders) by authorised representative.
In order to accurately determine the votes, I will be calling for a poll to be conducted in respect of the resolution. Computershare will act as scrutineers and report the results of voting to me.
The Corporations Act requires that the chair must inform the meeting whether any proxy votes have been received and how the proxy votes are to be cast. Accordingly, I report the following proxy votes received and how they are to be cast.
Headcount Votes Votes Cast
----------------------------------------------------------------------
For 191 For 162,921,068
----------------------------------------------------------------------
Against 12 Against 6,993,147
----------------------------------------------------------------------
Abstain 2 Abstain 1,999,130
----------------------------------------------------------------------
Open in favour of Open in favour of
the Chairman 56 the Chairman 3,309,915
----------------------------------------------------------------------
Total members Total votes cast
voted 259 173,246,701
----------------------------------------------------------------------
Percentage in 95.37% in Percentage in 95.96% in
favour favour favour favour
(including the (including the
open proxies open proxies
which I will which I will be
be voting in voting in
favour of the favour
resolution) of the
resolution)
----------------------------------------------------------------------
Voting procedure
I would now like to summarize the voting procedure for the Resolution.
All shareholders at this meeting who are eligible to vote will have received a blue voting card. If you have not received your blue voting card, please see a representative from ComputerShare.
When the time comes later in the meeting to vote, please complete your blue card for the Resolution to indicate how you wish to vote.
To vote, place a tick or a cross in the box on the card under the heading "for", "against" or "abstain", according to your wishes and indicate, if applicable, what percentage of your shares are voted in that way.
If you are a proxy holder, you must vote only in accordance with instructions on the proxies already lodged with the Company. Proxies which do not direct how the vote is to be cast may be voted in favour or against the Resolution at the discretion of the proxy. This includes any open proxies given in favour of me as Chairman of the meeting.
As indicated, I will cast any such open proxy votes given to me in favour of the Resolution.
Discussion of the Resolution
The Resolution is now open for discussion. As I mentioned earlier, only people holding blue cards are able to vote and ask questions at today's meeting. Visitors holding a white card are not eligible to vote or speak at the meeting. People holding a yellow card are not eligible to vote but are eligible to speak at the meeting.
If you wish to speak or ask questions in relation to the Resolution, please raise your voting card and wait for me to acknowledge you. Before you speak, please identify yourself and, if you are a proxy or representative, state who you are representing.
Are there any questions or discussion on the Resolution?
I now put the Resolution to a vote and call for a poll to be taken.
Could you now please complete your blue voting cards for the Resolution. A member of ComputerShare staff will collect these from you.
I understand from the returning officer that all the voting cards have now been collected. Is there anyone whose voting card has not been collected?
There will be a short delay during which the votes will be counted by the scrutineer, however the meeting is not adjourned.
Tea, coffee and sandwiches will be available during this time. I will then announce the results of the voting.
The counting of the votes has now been completed. I announce the following results:
Votes Members
----------------------------------------------------------------------
For 167,473,959 For 192
----------------------------------------------------------------------
Against 6,993,147 Against 13
----------------------------------------------------------------------
Abstain 1,999,130 Abstain 2
----------------------------------------------------------------------
Total votes cast 174,467,106 Total votes cast 205
----------------------------------------------------------------------
Percentage in favour 95.99 Percentage in favour 94%
----------------------------------------------------------------------
I declare the Resolution passed in accordance with the majorities required by the Corporations Act. The results will be lodged with ASX as soon as possible.
I declare the meeting closed. Thank you for your attendance.
About pSivida Limited
pSivida is a global drug delivery company committed to the biomedical sector and the development of drug delivery products. Retisert(R) is FDA approved for the treatment of uveitis. Vitrasert(R) is FDA approved for the treatment of AIDS-related CMV Retinitis. Bausch & Lomb owns the trademarks Vitrasert(R) and Retisert(R). pSivida has licensed the technologies underlying both of these products to Bausch & Lomb. The technology underlying Medidur(TM) for diabetic macular edema is licensed to Alimera Sciences and is in Phase III clinical trials. pSivida has a worldwide collaborative research and license agreement with Pfizer Inc. for other ophthalmic applications of the Medidur(TM) technology (excluding FA).
pSivida owns the rights to develop and commercialize a modified form of silicon (porosified or nano-structured silicon) known as BioSilicon(TM), which has applications in drug delivery, wound healing, orthopedics, and tissue engineering. The most advanced BioSilicon(TM) product, BrachySil(TM), delivers a therapeutic, P32 directly to solid tumors and is presently in Phase II clinical trials for the treatment of pancreatic cancer.
pSivida's intellectual property portfolio consists of 68 patent families, 118 granted patents, including patents accepted for issuance, and 275 patent applications. pSivida conducts its operations from Boston in the United States , Malvern in the United Kingdom and Perth in Australia .
pSivida is listed on NASDAQ (PSDV), the Australian Stock Exchange (PSD) and on the Frankfurt Stock Exchange (PSI). pSivida is a founding member of the NASDAQ Health Care Index and the Merrill Lynch Nanotechnology Index.
SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: the scheme of arrangement for reincorporation of the company, including whether or not it is implemented; the achievement of milestones and other contingent contractual payment events; failure to prove efficacy for BrachySil; inability to raise capital; continued losses and lack of profitability; inability to develop or obtain regulatory approval for new products; inability to protect intellectual property or infringement of others' intellectual property; inability to obtain partners to develop and market products; termination of license agreements; competition; inability to pay any registration penalties; costs of international business operations; manufacturing problems; insufficient third-party reimbursement for products; failure to retain key personnel; product liability; inability to manage change; failure to comply with laws; failure to achieve and maintain effective internal control over financial reporting; amortization or impairment of intangibles; issues relating to Australian incorporation; potential delisting from ASX or NASDAQ; possible dilution through exercise of outstanding warrants and stock options or future stock issuances; potential restrictions from capital raises; possible influence by Pfizer; and other factors that may be described in our filings with the Securities and Exchange Commission . Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.
Source: pSivida Limited
Yea, NITE just keeps dumping. Tough call there
IDGI .066... Where will it bottom out?
WNWG .07 -36.36%
SNDY (.05) Solos Endoscopy, Inc. Completes Stock Split and Changes Symbol to SNDY
Friday, June 06 2008 3:00 PM, EST
Market Wire "US Press Releases "
BOSTON, MA -- (MARKET WIRE) -- 06/06/08 -- Solos Endoscopy, Inc. (PINKSHEETS: SNDY) is pleased to announce that the Company has completed its reverse stock split of 5,000 to 1 and will be operating under the new symbol SNDY. The Solos Endoscopy Board of Directors approved the stock split and capital restructure as a means to position the Company to be more attractive for investors, enhance shareholder value and attract possible acquisition candidates. The capital restructuring will also help to reduce the market volatility that Solos Endoscopy shares have experienced, and to better reflect the Company's earnings as compared to other companies in the medical equipment market.
About Solos Endoscopy, Inc. :
Solos Endoscopy, Inc. is a healthcare technology company whose mission is to develop and market breakthrough technology, applications, medical devices, and procedural techniques for the screening, diagnosis, treatment and management of medical conditions. Backed by technical support, Solos' sales team can help make the right buying decisions for the hospital, surgery center, or physician office. Additional information is available on the Company's website at: www.solosendoscopy.com.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact:
Solos Endoscopy, Inc.
1-800-388-6445
JAGH .20 -33.33%
WMANQ (.011) Wellman, Inc. Receives an Additional One Week Extension of Time for Approval of Bidding Procedures
Friday, June 06 2008 2:55 PM, EST
Business Wire "US Press Releases "
FORT MILL, S.C.--(BUSINESS WIRE)--
Wellman, Inc. (OTCBB: WMANQ) announced that the lenders providing its Debtor in Possession ("DIP") financing have granted the Company an additional one week extension of time so that the Company has until June 26, 2008 to have bidding procedures approved by the Bankruptcy Court. All other terms of the DIP financing remain the same.
The Company, in consultation with its stakeholders, is continuing to evaluate proposals and restructuring alternatives, including a plan of reorganization, in an effort to maximize the value of Wellman's business on a going concern basis. This extension will provide Wellman with additional time to continue discussions with stakeholders and interested parties to develop the terms of a plan of reorganization.
Mark Ruday, Wellman's Chief Executive Officer stated, "We are encouraged by the progress we have made. During the next week, we expect to amend our DIP facility so that it permits us to file a plan of reorganization in June. We expect to have the plan confirmed and to emerge from bankruptcy later this year. Our first and second lien debt holders have each expressed interest in having a prominent role in our plan of reorganization. We appreciate the support that the DIP lenders have provided. This has enabled us to work towards a plan of reorganization which we believe is the most attractive alternative for Wellman's stakeholders including its customers, suppliers and employees."
Forward-Looking Statements
Statements contained in this release that are not historical facts, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition, words such as "believes," "expects," "anticipates," and similar expressions are intended to identify forward-looking statements. These statements are made as of the date of this report based upon current expectations, and we undertake no obligation to update this information. These forward-looking statements involve certain risks and uncertainties, including, but not limited to: our substantial liquidity needs and liquidity pressure; our substantial indebtedness and its impact on our financial health and operations; risks associated with our indebtedness containing floating interest rate provisions and its effect on our financial health if rates rise significantly; our ability to obtain additional financing in the future; risks associated with claims not discharged in the Chapter 11 cases and their effect on our results of operations and profitability; risks associated with the transfers of our equity, or issuances of equity in connection with our reorganization and our ability to utilize our federal income tax net operating loss carry-forwards in the future; our dependence on our management and employees; the adverse effect of competition on our performance; reduced raw material margins; availability and cost of raw materials; reduced sales volumes; increase in costs; volumes of textile imports; prices and volumes of polyester staple fiber and PET resin imports; the financial condition of our customers; change in tax risks; environmental risks; natural disasters; regulatory changes; U.S., European, Asian and global economic conditions; work stoppages; levels of production capacity and profitable operations of assets; prices of competing products; acts of terrorism; and maintaining the operations of our existing production facilities. Actual results may differ materially from those expressed herein. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results may result in fluctuations in the price of our common stock. For a more complete description of the prominent risks and uncertainties inherent in our business, see our Form 10-K for the year ended December 31, 2007 .
Source: Wellman, Inc.
HYHY (1.54) Hydrogen Hybrid Technologies announces Portugese initiative
Friday, June 06 2008 1:01 PM, EST
PR Newswire "US Press Releases "
BOWMANVILLE, ON, June 6 /PRNewswire-FirstCall/ - Hydrogen Hybrid Technologies Inc. (OTCBB: HYHY) President Ira Lyons announced that preparations are now underway for installations of the patented Hydrogen Fuel Injection (HFI) system on the one of Testa & Cunhas, SA fishing vessels in Portugal . Innovative fishing executive A. Miguel Cunha of Testa & Cunhas, SA had exhaustively researched technologies that can help save fuel costs and began discussing the adaptability of the HFI system to his fishing fleet a number of months ago.
The fishing industry, particularly in Portugal and Spain has been under great pressure with the rising fuel costs and have recently been forced to 'strike' for lower fuel costs or higher prices for their fish harvest. "After meeting with Mr. Cunha both in Portugal and at facilities in Canada , we are pleased to work with such an established organization in assisting them in re-establishing their profit margins that continue to be eroded by increasing fuel costs.", said Mr. Lyons .
Based on the anticipated success of the first installations, the parties have already begun preliminary discussions regarding the potential of Mr. Cunha acquiring the distribution rights for various markets and regions in Portugal and Spain .
HFI technology is installed as an add-on to diesel and gasoline engines where it significantly reduces a wide variety of emissions (CO, PM, HC, CO(2) and NOx) while simultaneously reducing fuel consumption. HFI units are being used by over 150 fleets of long-haul transport trucks, ambulances, municipal buses and other heavy equipment, earning HFI the dominant position as the world's most widely-used on-board electrolysers. The technology is based on electrolysis and the units split water, on-board the vehicle, then vent the hydrogen and oxygen directly into the air intake of the engine. Adding hydrogen significantly improves the efficiency of combustion, in the engine, with significant financial and environmental benefits.
HFI is distributed through the world's largest retail distribution network for any hydrogen product, with over 140 Certified Installation Centres all across Canada , the United States , Mexico , Korea and the United Kingdom . Geographical distribution has been expanded during 2008 and units are installed in Europe and South America . The product is the first emission control technology to receive "Environmental Technology Verification" (ETV) by the Canadian government and the first hydrogen technology to receive ETV recognition anywhere in the world.
Company President, Ira Lyons, said "The formal launch of the HFI technology in the fishing fleet sector opens another chapter in the expansion of the most cost-effective emissions control technology in the world. This market posseses a massive potential market for our products and we are pleased to be working with such a progressive organization," Lyons added.
About Hydrogen Hybrid Technologies Inc : The OEM licensee of the world's most advanced on-board hydrogen generating system, the Hydrogen Fuel Injection system. This technology is patented, or patent-pending, worldwide and has been actively marketed for many years. The system offers unparalleled benefits for virtually any internal combustion engine, with increased horsepower, decreased emissions and a minimum 10% improvement in fuel economy guaranteed. The company's products are marketed through a network of certified installation centres in Canada , the U.S. and around the world.
SOURCE Hydrogen Hybrid Technologies Inc.
HYHY (1.55) Hydrogen Hybrid Technologies Inc. receives order for B.C. school buses
Friday, June 06 2008 12:44 PM, EST
PR Newswire "US Press Releases "
PICKERING, ON, June 6 /PRNewswire-FirstCall/ - Hydrogen Hybrid Technologies Inc. (OTCBB: HYHY) President Ira Lyons is pleased to announce the sale of the first units of the newest line of emissions control and fuel saving devices in North America . The units will be installed on school buses operated by School District # 5 in the Province of British Columbia, Canada . The sale marks the first government sale in western Canada and the purchase of the units will be funded by the provincial government.
"The use of the new model of Hydrogen Fuel Injection (HFI) products on school busses marks a milestone and opens up a huge new market for HHT" said Mr. Lyons . "All across North America , governments have recognized the serious hazard posed by diesel fumes to school children riding buses for up to four hours each day. In the California , alone, the state is spending $25 Million U.S., annually, to install exhaust abatement technologies on school buses. The satisfactory results on the first two school buses in B.C. are expected to lead to the adoption of HFI on every school bus in B.C. and will, almost certainly, have equal success in other provinces and states", added Lyons , "in part because HFI is the only emissions control technology that also reduces fuel use, meaning it is the only product of its kind that pays for itself".
HFI technology is installed as an add-on to diesel and gasoline engines where it significantly reduces a wide variety of emissions (CO, PM, HC, CO2 and NOx) while simultaneously reducing fuel consumption by a guaranteed minimum of 10%. HFI units are being used by over 150 fleets of long-haul transport trucks, ambulances, municipal buses and other heavy equipment, earning HFI the dominant position as the world's most widely-used on-board electrolysers. The technology is based on electrolysis and the units split water, on-board the ambulance, then vent the hydrogen and oxygen directly into the air intake of the engine. Adding hydrogen significantly improves the efficiency of combustion, in the engine, with significant financial and environmental benefits.
HFI is distributed through the world's largest retail distribution network for any hydrogen product, with over 140 Certified Installation Centres all across Canada , the United States and Mexico . Recently, geographical distribution has been expanded and units are installed in Europe , South America and the UK. The product is the first emission control technology to receive "Environmental Technology Verification" (ETV) by the Canadian government and the first hydrogen technology to receive ETV recognition anywhere in the world.
About Hydrogen Hybrid Technologies Inc. : The OEM licensee of the world's most advanced on-board hydrogen generating system, the Hydrogen Fuel Injection system. This technology is patented, or patent-pending, worldwide and has been actively marketed worldwide. The system offers unparalleled benefits for virtually any internal combustion engine, with increased horsepower, decreased emissions and a minimum 10% improvement in fuel economy. The company's products are marketed through a network of certified installation centres in Canada , the U.S. and around the world.
SOURCE Hydrogen Hybrid Technologies Inc.
SWVC (.0021) Seaway Valley in Discussions with Metro Restaurant for Possible Acquisition
Friday, June 06 2008 10:40 AM, EST
Business Wire "US Press Releases "
WATERTOWN, N.Y.--(BUSINESS WIRE)--
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) today announced that it's wholly owned subsidiary, North Country Hospitality, Inc. ("NCH"), owner of Good Fello's Brick Oven Pizza and Wine Bar, Sackets Harbor Brew Pub, The Cantina, and Sackets Harbor Brewing Company , has begun preliminary discussions with the owners and management of a restaurant in a metro area in New York State . The discussions, although preliminary, are aimed at finding opportunities to strategically expand the North Country restaurant group outside the region, and areas targeted for expansion include Albany , Syracuse , Rochester , and Buffalo . This particular restaurant, which this year expects to generate about $1.8 million in food and beverage revenues, is in one of these targeted markets.
Christopher Swartz, President of NCH, stated, "We feel that the timing is right to begin aggressively seeking opportunities to take our current concepts - or to acquire others - outside the region so that we can gain a greater overall market share by being exposed to a greater number of consumers." Mr. Swartz continued, "And although these discussions with this particular restaurant are just beginning, they represent the posture of the company."
About North Country Hospitality, Inc.
North Country (www.northcountryhospitality.com) was formed to develop or acquire and operate regional lodging, restaurant and recreational venues. North Country also seeks to acquire or develop strategic consumer products that complement its core hospitality businesses and that can be positioned for growth outside the region. The company's current holdings include: (i) Sackets Harbor Brewing Company , which develops, produces, and markets micro brewed beers such as the award winning "1812 Amber Ale" and "Railroad Red Ale" as well as "Thousand Island Pale Ale", "1812 Amber Ale Light" and "Independence Wheat" specialty beers; (ii) Sackets Harbor Brew Pub, which is an operating "Brew Pub" that produces its own line specialty beers on site while also offering fine dining; (iii) Goodfello's Brick Oven Pizza and Wine Bar, which specializes in excellent-yet-affordable Italian food; (iv) Sackets Cantina Sackets, which offers a traditional Mexican menu; (v) five Jreck Subs Franchises (www.jrecksubs.com), which serves a variety of hot and cold sandwich choices, and homemade style soups; and (vi) Alteri Bakery (www.alteribakery.com), which serves the region with the finest "true" Italian breads and specialty pastry items, such as cakes, cookies, muffins, bagels, and specialty gift baskets.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, manufacturing, and select technologies.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: Seaway Valley Capital Corporation
NXGB what an opportunity missed. .012 x .017 now...
TTGL (.40) Titan Global Holdings Unveils Strategic Acquisition Plan for Titan Global Energy Group Division
Friday, June 06 2008 10:28 AM, EST
Business Wire "US Press Releases "
DALLAS --(BUSINESS WIRE)--
Titan Global Holdings, Inc. ("Titan") (Pink Sheets: TTGL), a high-growth diversified holding company, today announced the launch of Titan Global Energy Group's acquisition plan in the petroleum distribution market segment. The plan is intended to capitalize on macro economic factors driving up the price of petroleum, as well as placing a financial strain on current petroleum distributors.
"We formed Titan Global Energy Group eleven months ago to capitalize on the dynamic and often lucrative energy sector," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings . "We have successfully completed and integrated our acquisition of Appalachian Oil Company ("Appco"), a leading petroleum distribution company in the Southeastern United States . Leveraging Appco's scale and management team expertise, and macro economic energy factors, we are poised to 'roll-up' petroleum distribution companies of various sizes and types in our adjacent markets."
Appco generated more than $400 Million in annual revenues in fiscal year 2007. Today, Appco distributes petroleum products to more than 160 dealers and owns and operates 56 convenience store locations. Appco has more than 550 employees and maintains long standing partnerships with strategic terminal operators and major oil companies.
Mr. Chance outlined the following macro economic energy factors contributing to Titan Energy Group's acquisition plan:
-- West Texas intermediate crude spot prices averaged $66 and $72
per barrel in 2006 and 2007, respectively. The Current spot
price for West Texas Intermediate Crude Oil is over $120 per
barrel.
-- The rising prices for crude oil in 2008 will result in higher
prices for all petroleum products. Regular-grade gasoline is
approaching $4 per gallon in 2008 in most markets, or $1.19
above the 2007 annual average price.
-- World oil consumption is projected to grow by 1.2 million
barrels per day (bbl/d) in 2008. As a result of the economic
slowdown and higher petroleum prices, United States
consumption of liquid fuels and other petroleum is expected to
decline by approximately 190,000 bbl/d in 2008.(1)
"The continued rising cost of petroleum products is straining and increasing the amount of working capital necessary to operate retail and wholesale petroleum operations," said Marty Anderson, President of Appalachian Oil Company . "While the consumers carry an increased burden for these rising costs of petroleum, small to intermediate sized independent distributors and operators of petroleum at retail and wholesale locations are experiencing great financial strain. We are in discussions with a number of such parties involving acquisition plans that would provide a significant gain for the Company, including for their ownership groups while providing Appco with a synergistic growth proposition. Appco has and will leverage its scale and relationships with major petroleum suppliers."
"Titan will continue to pursue sound organic and strategic transactions that add shareholder value," said David Marks, Chairman of Titan Global Holdings, Inc. "The timing and nature of this plan makes sense for Appco and, additionally, provides a robust channel for our corporate focus and planned growth in the production and distribution of biofuels."
(1)Source: Energy Information Association , United States Government
About Titan Global Holdings
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning international telecommunications, electronics and homeland security, consumer products and energy resources and distribution.
Titan's operating divisions include the following:
The Titan Global Energy Division owns and operates traditional and next-generation renewable energy and fuel assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
Titan's Communications Division serves the communication needs of those individuals that have emigrated from their host country to the United States or other countries and plans to addresses a range of high-growth markets in the international telecommunication segments, including communication technology, platform management, international wholesale communication and the distribution of prepaid international telecommunication products.
Titan Global Brands designs, develops, and distributes consumer products from value categories to high end branded categories, through its existing distribution channels and new ones suitable for such products. Together, it integrates, protects and expands its consumer brand management capabilities to leverage and optimize growth across Titan's worldwide distribution channels.
Titan Card Services plans to capitalize on the burgeoning multibillion-dollar international prepaid money transfer sector. Titan Card Services' proprietary technology provides for convenient and efficient international money transfers.
Titan's Electronics and Homeland Security Division includes Titan PCB East, Inc. , Titan Electronics Inc. , and NEO EMS, Inc. These companies specialize in the manufacture of advanced circuit boards and other electronic products for classified military and defense department customers, and other high-tech clients.
For more information, please visit: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/titan/ or http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
To view current news, visit
http://www.trilogy-capital.com/tcp/titan/quote.html. To view an
investor fact sheet about the company, visit
http://www.trilogy-capital.com/tcp/titan/factsheet.html.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Source: Titan Global Holdings, Inc.
NXGB there it is .01 x .015 now...
I dont see anything either. Scary but may be a decent one if we can catch bottom
NXGB .009 x .01 -74.29% Anyone trying here?
PRRY (.14) Planet Resource Recovery, Inc. Significantly Increases Oil Production in Austin Chalk Formation Oil Well with PetroLuxus(TM) MMMF
Friday, June 06 2008 10:18 AM, EST
Business Wire "US Press Releases "
HOUSTON --(BUSINESS WIRE)--
Planet Resource Recovery, Inc. (Pink Sheets:PRRY), is pleased to announce a significant increase of oil production of an isolated well in the Austin Chalk formation. This oil well treatment marks the first accurate daily measurement of the effectiveness of PetroLuxus(TM) MMMF
Planet Resource Recovery, Inc. commenced working with an AMEX listed oil production company in January 2008 , with the goal to treat a series of wells to increase oil production with its down hole treatment product - PetroLuxus(TM) MMMF. The company's wells are in the Austin Chalk formation in Texas . The selected primary oil well treatment had dramatically declined in production since being brought back online in September of 2007. This well's oil production had slipped in production from over 750 barrels oil per month to less than 85 barrels of oil per month. The first PetroLuxus(TM) MMMF treatment was performed in February 2008 . Improved results were realized within two weeks, which was extremely encouraging as porosity in the Austin Chalk is some of the lowest in any formation. Oil production at the primary treated well for February and March 2008 has been significantly improved with over 285 and 287 barrels, respectfully, of oil for each month, and through April 21, 2008 the well has continued to average about ten barrels of oil per day. Since the PetroLuxus(TM) MMMF treatment, oil production has been revitalized and improved equipment efficiency has been realized, allowing for less down time due to equipment failure.
Planet Resource Recovery, Inc. continues to work with Oil and Gas companies in the area and will continue to monitor PetroLuxus(TM) MMMF's effectiveness in the field to validate the product's efficacy for Oil and Gas production.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the PetroLuxus(TM) family of products, a proprietary environmentally friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus(TM) family of products are effective and efficient solutions for the remediation and recovery of petroleum-based products. PetroLuxus(TM) applications include Enhanced Oil Recovery, Oil Sands, oil spills, oil tank farm cleaning, marine ship cleaning, remediation of oil sludge pits, treatment of raw fuel feedstocks, waste oil segregation and biodiesel, to name a few. Through the acquisition and formation of wholly owned subsidiaries, Planet Resource Recovery, Inc. deploys the PetroLuxus(TM) products. Oil Recovery Ventures, Inc. deploys PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery market.
For an audio/visual demonstration of PetroLuxus(TM), click on the link http://www.planetresource.net/index-21.html.
For more information visit: http://www.planetresource.net or http://www.petroluxus.com.
Safe Harbor Statement
Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital.
Source: Planet Resource Recovery, Inc.
SKNY (.33) Skinny Water(R) Selected As Exclusive Enhanced Water Sponsor for Commerce Bank Triple Crown of Cycling
Friday, June 06 2008 10:00 AM, EST
Business Wire "US Press Releases "
BALA CYNWYD, Pa.--(BUSINESS WIRE)--
Skinny Nutritional Corp. (OTC BB: SKNY.OB), the exclusive worldwide marketer and distributor of Skinny Water(R) announced today that it has been chosen as the exclusive enhanced water sponsor for the Commerce Bank Triple Crown of Cycling, a professional cycling tour featuring more than 200 of the sport's top professional athletes. The cycling tour will be held this Sunday, June 8 in Philadelphia beginning at 9a.m. Skinny will be completely branding Skinny Water through coolers, signage, banners, logos positioned on the race route throughout the city and will set up 'Skinny Water Hydration Stations' for the athletes and spectators to drink at the event.
The Commerce Bank Triple Crown of Cycling has become one of Philadelphia's largest sporting day events. Twenty-five of the world's elite professional cycling teams will complete 10 laps of a 14.4-mile circuit through Philadelphia , which will include 10 climbs up the 17 percent grade Manayunk Wall and a total of 156 miles.
"Skinny Water is the official enhanced water of the event, and we're pleased to be partnering with the Commerce Bank Triple Crown of Cycling to brand our product through sampling and concessions during the races," says Don McDonald, President and CEO of Skinny Nutritional Corp.
"Skinny Water seems to really address the athletes' needs in this high-endurance, high-performance, legendary cycling event," says Dave Chauner, President of Pro Cycling Tour. "Skinny Water is a welcome and practical addition to the Commerce Bank Triple Crown of Cycling, and we look forward to working with Skinny Water for years to come."
The Skinny Water lineup features five flavors, including Acai Grape Blueberry (Hi-Energy), Raspberry Pomegranate (Crave Control), Goji Fruit Punch (Shape), Passionfruit Lemonade (Total-V), and Peach Mango Mandarin (XXX-Detox). Every bottle of Skinny Water has clinically proven ingredients to boost metabolism and control appetite.
All Skinny Waters have three key ingredients: Super CitriMax(R), ChromeMate(R), and EGCG. Super CitriMax is clinically proven to suppress appetite and improve weight loss by 350 percent. Super CitriMax includes Calcium that promotes fat burning and bone density, and Potassium that maintains cellular hydration. ChromeMate(R) promotes normal energy metabolism and helps maintain healthy blood sugar levels, and EGCG, a green tea extract, helps keep metabolism high.
For more information about Skinny Nutritional Corp. or Skinny Water, please contact Jackie Zima at 610-228-2138, 215-534-2973 (mobile), or write to Jackie@GregoryFCA.com. For more information on the Commerce Bank Triple Crown of Cycling, go to www.procyclingtour.com.
ABOUT SKINNY NUTRITIONAL CORP.
Headquartered in Bala Cynwyd, Pa., Skinny Nutritional Corp. is the exclusive worldwide distributor of Skinny Water(R), a zero-calorie, zero sugar, zero sodium and zero preservative multi-functional water that helps aid in weight loss. Skinny Water comes in five great tasting flavors that include Acai Grape Blueberry, Goji Fruit Punch, Peach Mango Mandarin, Raspberry Pomegranate, and Passionfruit Lemonade. Skinny Water(R) is the first functional water in the market that contains three key ingredients, Super CitriMax(R) and ChromeMate(R) and EGCG, a green tea extract, which have been clinically proven to help aid in weight loss. Skinny Nutritional Corp. will also be launching Skinny Tea(R), Skinny Shakes(R), Skinny Java(TM) and other Skinny branded beverages. For more information, visit www.SkinnyWater.com.
ABOUT PRO CYCLING TOUR
The Commerce Bank Triple Crown of Cycling is recognized nationally and internationally as America's most prestigious series of professional road races. It brings the pageantry of a world-class peloton to three Pennsylvania cities in a unique downtown format that exists nowhere else in North and South America . It attracts hundreds of the top professional and elite male and female cyclists from some 25 nations. It supports close to 1,000 amateur cyclists with ancillary events each year. And it has showcased the speed, strength and endurance of the sport to the roar of literally millions of people over the years.
SAFE HARBOR STATEMENT
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the Company from time to time with the Securities and Exchange Commission . All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Source: Skinny Nutritional Corp.
RUNU (.092) Coach June Jones Joins the Rudy Nutrition Team
Friday, June 06 2008 9:35 AM, EST
Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 06/06/08 -- Rudy Nutrition, Inc. (PINKSHEETS: RUNU) is pleased to announce that Southern Methodist University head football coach June Jones has joined the Rudy Beverage team as a celebrity endorser. Coach Jones will make personal appearances on behalf of Rudy Beverage and will be featured in advertising and promotional campaigns.
Before accepting the position at SMU, June Jones served as head football coach at the University of Hawai'i, San Diego Chargers and Atlanta Falcons. While at Hawai'i, Coach Jones was named National Coach of the Year (1999), led his team to the only NCAA Division I undefeated regular season (2007) and a birth in the BCS, Nokia Sugar Bowl (2008). He is the winningest football coach in University of Hawai'i history.
"Football players will love the great taste, superior nutritional value, and optimum hydration of Rudy Beverage," said June Jones. "I am very excited to be joining Rudy in sharing this fantastic product with others and spreading his inspirational message of dreaming big and never quitting. I am a Rudy Ruettiger fan."
Daniel "Rudy" Ruettiger, Founder and Chairman of Rudy Nutrition commented: "June Jones' numerous accomplishments on and off the field exemplify what the Rudy message is all about. I am so proud to have this great mentor of so many young people join our team. June Jones is a winner and is my friend."
In the coming weeks, additional nationally recognized sports personalities who embody the Rudy message of "Dream Big. Never Quit." will to be announced.
About Rudy Nutrition, Inc.
Rudy Nutrition, Inc. is a manufacturer of health conscious "Rudy" branded products that offer great taste as well as healthy choices for parents, kids, and athletes. It was founded by Notre Dame Legend and the real life inspiration for the blockbuster movie "Rudy," Daniel "Rudy" Ruettiger. "Rudy" was recently named one of the greatest inspirational movies of all-time by the American Film Institute . Rudy Nutrition is focused on creating, distributing and licensing "Rudy" branded products that offer healthier alternative choices backed by Rudy's inspirational message to "dream big and never give up." If you would like to receive e-mail announcements about Rudy Nutrition, Inc. , additional information, or to contact a representative directly, please visit us on the web at http://www.rudynutrition.com or www.rudybeverageinc.com or www.avcg.net.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development, and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
Contact:
Aurora Venture Communications Group
Investor Relations Contact:
James A. Romero
(858) 926-5527
ir@rudybeverageinc.com
www.rudybeverageinc.com
TRDM (.011) Trend Mining Announces Results from Diabase Peninsula Drilling
Friday, June 06 2008 9:33 AM, EST
PR Newswire "US Press Releases "
HILTON HEAD, S.C., June 6 /PRNewswire-FirstCall/ -- Trend Mining Company (Pink Sheets: TRDM) is pleased to announce that its joint venture partner, Nuinsco Resources Limited (TSX: NWI) today released analytical results from the first nine holes of the most recent 17-hole diamond drill program at the Diabase Peninsula uranium project. The results returned a 24.25 metre interval of anomalous uranium mineralization peaking at 0.07% uranium (0.083% U3O8), as well as a number of other anomalous uranium results and other key indicator geochemistry demonstrating strong and widespread evidence of a mineralizing event capable of producing unconformity style uranium mineralization on the property.
"The winter 2007-2008 drill program tested four widely separated target areas within the previously identified primary target area. The results received to date confirm that one of these target areas comprises a zone of up to 400 meters in strike length which has very high potential for the occurrence of significant uranium mineralization," said Paul Jones, President of Nuinsco. "Additional assay results from this drill program are pending, as is a geophysical interpretation of a recently completed gravity survey that will help to target our next drill program. Elsewhere on the property other anomalous results remain to be followed-up and we are preparing for additional work."
The $2.5 million , 6,534 meter winter drilling program was conducted over 23 kilometers of strike along the prospective Cable Bay Shear Zone, a graphite and sulphide mineralized zone of deformed, permeable rock interpreted to be a prime exploration target. The occurrence of a number of factors commonly associated with uranium ore bodies in the Athabasca Basin, particularly in drill holes ND-07-04, ND-08-01 and ND-08-02, include:
-- strongly anomalous uranium mineralization over 24.25 meters, peaking at
707ppm (0.07%) uranium (in ND-08-01) at the unconformity, typical of
values at the margins of economic uranium deposits;
-- strongly anomalous arsenic, nickel, cobalt and base metals, commonly
occurring in association with uranium mineralization in the Athabasca
Basin;
-- abundant clay alteration (sericite and kaolin) associated with elevated
uranium values and indicative of the passage of potentially
mineralizing fluids; and,
-- a distinct boron anomaly within the overlying sandstone, a feature
characteristic of many uranium ore bodies in the Athabasca Basin.
Full drill results are available at www.nuinsco.ca , all analyses are conducted by the Saskatoon Research Council laboratory in Saskatoon.
The 21,900 hectare Diabase Peninsula Project, located approximately five kilometers north of the southern boundary of Saskatchewan's Athabasca Basin, has seen an ongoing, comprehensive, exploration program that comprises 28 widely spaced drill holes totaling 11,205 metres. Nuinsco is the operator, and currently owns an approximate 82% interest in the property and is partnered with the Company which owns an approximate 18% interest in the project. The project is being supervised by C.A. Wagg, Manager of Canadian Exploration for Nuinsco, who acts as a Qualifying Person under Canadian National Instrument 43-101.
About Trend Mining Company
Trend is a U.S.-based mineral exploration company. Trend currently has two projects in North America . One is the Diabase Peninsula Uranium Project more fully described in this news release. The second is the Lake Owen platinum-palladium-magnetite project where the Company holds 100% of approximately 12,000 acres of federal unpatented claims. The Lake Owen Complex is a steeply dipping extensive layered igneous intrusive complex with a lateral dimension of approximately four by six miles. Several zones hosting anomalous amounts of platinum and palladium have been traced and delineated by past sampling and drilling. Additionally, a large sub-ore grade magnetite resource is known on the site which has the potential to host economic concentrations of both titanium and vanadium.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company which are available at www.sec.gov.
SOURCE Trend Mining Company
IDGI man, you would think it would have bounced nicely on that news
IDGI nice pickup! .12 prints now
HMCP (.05) Heritage Media Corporation to Extend It's Reach to India
Thursday, June 05 2008 2:37 PM, EST
Business Wire "US Press Releases "
CALGARY --(BUSINESS WIRE)--
Heritage Media Corp. (PINK SHEETS:HMCP), through its the wholly owned subsidiary Screen Giant Media Corp. , has entered into a Memorandum of Understanding with a private company in India to secure up to 1000 optimum and lucrative locations for LED Billboard placements throughout India .
Screen Giant will be in the enviable position to generate significant revenues through selling advertising on its digital LED full motion Billboards. The advertising revenue generated on a per annum basis for each location will quickly render the initial capital cost invested insignificant.
"We are pleased to be working with our media specialist partners in India on this project. The burgeoning economic market conditions in all regions of India will help to maximize the international prominence of Screen Giant as a leader in the multimedia industry," said John Manolescu, President and CEO of Heritage Media Corporation .
About Heritage Media & Screen Giant
Heritage Media Corporation , through its subsidiary Screen Giant Media Corporation , engages in the strategic placement of large, computer-controlled, multimedia video billboards and the subsequent management of all programming content. Established in 2003, Screen Giant has positioned itself to be an industry leader in outdoor digital advertising and promotions. Discover more about this innovative company at www.screengiant.com.
Heritage Media Corporation currently has 33 million shares issued and outstanding.
Source: Heritage Media Corp.
HGLC (.003) Hunt Gold Corporation - Further Acquisitions
Thursday, June 05 2008 2:35 PM, EST
Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)--
Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it is now in final negotiations to acquire additional Gold Mining Properties.
The successful conclusion of these acquisitions will substantially increase the Company's portfolio of Gold interests.
Stockholders will be advised accordingly.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its properties, namely "Mockingbird", "Ambassador", "Golden Eagle" and its "American Molygold" interests.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Source: Hunt Gold Corporation
SPBU (.28) Spare Backup to Present at Investor Conference in June 2008
Thursday, June 05 2008 2:34 PM, EST
PR Newswire "US Press Releases "
PALM DESERT, Calif., June 5 /PRNewswire-FirstCall/ -- Spare Backup, Inc. (OTC Bulletin Board: SPBU) will present at the Second Annual Small-Cap Investor Conference, which will be held at the Midwest Airlines Center in Milwaukee, Wisconsin on June 17 and 18, 2008. Cery Perle CEO, Spare Backup, Inc. and Vice President of Business Development Maureen Webber, will present an overview of company business and growth strategies for the remainder of 2008. This conference is sponsored by Capstone Investments. For more information, please visit http://www.capstoneinvestments.com/page.asp?itemid=54
Spare Backup specializes in helping consumers, small office/home office users, and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively. The company's flagship Spare Backup product is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention, automatically backing up documents, email, music, photos and other PC files on a continuous basis or according to the schedule of the user's choice.
SOURCE Spare Backup, Inc.
APAC (1.49) APAC Customer Services, Inc. Announces 35 Years of Excellence in Service
Thursday, June 05 2008 2:32 PM, EST
Business Wire "US Press Releases "
DEERFIELD, Ill.--(BUSINESS WIRE)--
APAC Customer Services, Inc. (NASDAQ: APAC), a leading provider of quality customer care services and solutions, is celebrating 35 years of excellence in service.
Theodore G. Schwartz began APAC as a one-telephone media advertising and sales operation in 1973. Since then APAC has evolved into a leader in the field of customer care services and solutions driving excellence and loyalty through every interaction.
Throughout the past 35 years APAC has delivered innovative, high impact solutions to Fortune 500 companies and other leaders in the business services, retail, communications, technology, financial services, healthcare, travel and hospitality industries. APAC is proud to have an average client tenure of more than seven years with our top revenue clients.
"Our blue-chip client base and their commitment to APAC is truly a testament to the integrity, quality, and reputation that APAC has established over the last 35 years," stated Mike Marrow, CEO and President of APAC. "I would like to take this opportunity to personally thank our employees and clients for their support and continued loyalty as we enter into this next chapter of our history."
About APAC Customer Services, Inc.
APAC Customer Services, Inc. (Nasdaq: APAC) is a leading provider of quality customer care services and solutions for market leaders in healthcare, financial services, business services, publishing, communications and travel and entertainment industries. APAC partners with its clients to deliver custom solutions that enhance bottom line performance. For more information, call 1-800-OUTSOURCE. APAC's comprehensive web site is at http://www.apaccustomerservices.com.
Source: APAC Customer Services, Inc.
LMAO! (nice alert!)
ESMC (3.13) Escalon(R) Enhances Position Within IVD Reagent Market with Strategic Acquisition of JAS Diagnostics
Thursday, June 05 2008 2:24 PM, EST
PR Newswire "US Press Releases "
WAYNE, Pa., June 5 /PRNewswire-FirstCall/ -- Escalon Medical Corp. (Nasdaq Capital Market: ESMC) announced today that on May 30, 2008 its wholly owned subsidiary, Drew Scientific, Inc. ("Drew") acquired JAS Diagnostics, Inc. ("JAS"). JAS is a privately-held manufacturer of class I and II in vitro diagnostics ("IVD") reagents that markets its products to physician, reference, hospital and veterinary laboratories throughout the world. JAS, based in Miami, Florida , generates annual revenues of approximately $2.0 million . Drew purchased 100% of the outstanding shares of JAS for approximately $1,200,000 in cash and $800,000 in notes payable.
"Consistent with our strategic objective to expand our presence in the reagent segment of the IVD market, we are pleased to announce the acquisition of JAS, a value-creating bolt-on acquisition that adds intangible assets to the Drew existing product line," said Richard J. DePiano Sr., Chairman and Chief Executive Officer. "JAS' strong customer relationships, well-respected product portfolio, and research and development competencies will be an excellent complement to our Drew business. While Drew is focused on the equipment side of the IVD business, JAS synergistically expands our current position into the clinical chemistry consumable market. We look forward to the JAS team becoming part of our organization and contributing to our future growth."
JAS was established in 2000 and specializes in the manufacture of a broad range of liquid stable, diagnostics chemistry reagents used in IVD tests. Many of these reagents are single vial stable, which offer ease of use, increased speed of results, and extended on-board stability, among other superior performance characteristics. JAS has CE marks for marketing for its products in Europe , along with ISO 9001 certification. JAS offers over 150 products and has obtained FDA 510(k) marketing clearance and CLIA classification for its manufactured products as required. Notably, JAS reagent instrument applications are available for numerous chemistry analyzers including Beckman Synchron Series(R), Olympus 400/640(TM), Alfa Wassermann ACE/Alera(TM), Roche Hitachi 700 & 900 Series(R), Roche Cobas Mira(R), among others. The names of these instruments are trademarks of their respective companies.
Mr. DePiano added, "Looking ahead, we will continue to explore opportunities that we believe are a strategic fit with our overall corporate objectives."
Founded in 1987, Escalon (www.escalonmed.com) develops markets and distributes ophthalmic diagnostic, surgical and pharmaceutical products as well as vascular access devices. Drew Scientific, which operates as a separate business unit, provides instrumentation and consumables for the diagnosis and monitoring of medical disorders in the areas of diabetes, cardiovascular diseases and hematology, as well as veterinary hematology and blood chemistry. Escalon seeks to utilize strategic partnerships to help finance its development programs and is also seeking acquisitions to further diversify its product line to achieve critical mass in sales and take better advantage of Escalon's distribution capabilities, although such partnerships or acquisitions may not occur. Escalon has headquarters in Wayne, Pennsylvania and manufacturing operations in Long Island, New York , New Berlin, Wisconsin , Dallas, Texas , Waterbury, Connecticut and Barrow-in-Furness, U.K.
Note: This press release contains statements that are considered forward- looking under the Private Securities Litigation Reform Act of 1995, including statements about the Company's future prospects. These statements are based on the Company's current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include whether the Company is able to:
-- implement its growth and marketing strategies, improve upon the
operations of the Company's business units, including the integration
of any acquisitions it may undertake, if any, of which there can be no
assurance,
-- implement cost reductions,
-- generate cash,
-- identify, finance and enter into business relationships and
acquisitions.
Other factors include uncertainties and risks related to:
-- new product development, commercialization, manufacturing and market
acceptance of new products,
-- marketing acceptance of existing products in new markets,
-- research and development activities, including failure to demonstrate
clinical efficacy,
-- delays by regulatory authorities, scientific and technical advances by
Escalon or third parties,
-- introduction of competitive products,
-- third party reimbursement and physician training, and
-- general economic conditions.
Further information about these and other relevant risks and uncertainties may be found in the Company's report on Form 10- K for year ended June 30, 2007 and on Form 10Q for the quarter ended March 31, 2008 , and its other filings with the Securities and Exchange Commission , all of which are available from the Securities and Exchange Commission as well as other sources.
SOURCE Escalon Medical Corp.
DPDW (1.16) Deep Down Receives Second $9.0 Million Order for Buoyancy
Thursday, June 05 2008 2:20 PM, EST
PR Newswire "US Press Releases "
HOUSTON , June 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced that it has received a second letter of intent for approximately $9 million from Delba International to supply and install the deepwater marine drilling riser flotation system for the new-build Delba IV semisubmersible drilling rig. The letter of intent is subject to the negotiation of a final purchase order once engineering is completed. The Letters of Intent authorize expenditures for such engineering efforts. Together with the previously announced Letter of Intent for the Delba III, Deep Down now has orders for approximately $18 million of deepwater marine drilling riser flotation systems. Both the Delba III and the Delba IV are rated to drill in 2,400 meters of water but are readily upgradeable to 2,700 meters and have long term contracts to drill in Brazilian waters.
"A Letter of Intent is the first step in a committed process which typically becomes a purchase contract upon completion of joint engineering efforts between us and our clients," commented Ronald E. Smith, Deep Down's president and CEO.
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.
The Company's Flotation Technologies subsidiary is a recognized leader in the design and manufacture of deepwater buoyancy systems, specializing in Flotec(TM) syntactic foam and polyurethane elastomer products. With extensive engineering, design, fabrication, and analysis capabilities, Flotation Technologies provides quick turnaround, cost-effective buoyancy and elastomer products to the worldwide oceanographic, offshore energy, seismic, and military markets.
The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's strategy is to become a leading provider of products and services to the offshore industry, including shallow, deep and ultra-deep water applications in oil and gas exploration, development and production activities and maritime operations. Management plans to achieve this strategy through organic growth and strategic acquisitions of complementary businesses with technological advantages in deepwater environments. Deep Down's customers include Acergy, Aker Kvaerner, Amerada Hess, Anadarko Petroleum Corporation , BHP, BP Petroleum, Cabett, Cooper Cameron, Chevron Corporation , Delba International , Dril-Quip, Inc. , Devon Energy Corporation , Diamond Offshore, Duco, Exxon Mobil Corporation , Helix, JDR, Kerr-McGee Corporation , Marinette Marine Corporation , Marathon Oil Corporation , Nexans, Inc. , Noble Energy Inc. , Oceaneering International, Inc. , Oil States, Petrobras, Royal Dutch Shell, Statoil, Subsea 7, Inc., Technip, Transocean Offshore, Veolia Environmental Services and Wellstream International , among others. For further company information, please visit http://www.deepdowninc.com, and http://www.flotec.com, http://www.makotechnologies.com and http://www.electrowaveusa.com.
This release may contain forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and accordingly, the cautionary statements contained in Deep Down's Annual Report on Form 10-KSB for the year ended Dec. 31, 2007 and Quarterly Report on Form 10-QSB for the quarter ended March 31, 2008 , and other filings with the Securities and Exchange Commission are incorporated herein by reference.
These factors include, but are not limited to: the offshore oil and gas industry is a historically cyclical industry with levels of activity that are significantly affected by the levels and volatility of oil and gas prices; numerous operating hazards that may not be covered by insurance; occurrence of an event not fully covered by insurance; losses on fixed-price contracts; failure to develop new products; loss of our key management or other personnel; failure to integrate business that we acquire; risks relating to international operations; operating hazards and risks relating to offshore oilfield operations; laws and government regulations; environmental laws and regulations and failure to comply with such laws and regulations; provisions in our corporate documents and Nevada law could delay or prevent a change in control of our Company; we may be unable to successfully compete with other manufacturers of drilling and production equipment; the loss of a significant customer could have an adverse impact on our financial results; our customers' industries are undergoing continuing consolidation; increases in the cost of raw materials and energy used in our manufacturing processes; future capital needs; we depend on third party suppliers for timely delivery of raw materials and supplies; risks relating to protecting our intellectual property; and risks relating to infringing on the intellectual property rights of third parties. One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Deep Down expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in its expectations of results or any change in events.
SOURCE Deep Down, Inc.
RXEI (.365) RxElite, Inc. Announces $5,000,000 Financing Agreement With NPIL Pharma Inc.
Thursday, June 05 2008 2:17 PM, EST
Market Wire "US Press Releases "
MERIDIAN, ID -- (MARKET WIRE) -- 06/05/08 -- RxElite, Inc. (OTCBB: RXEI), a developer, manufacturer, and marketer of specialty generic prescription drug products, today announced it has entered into an agreement with NPIL Pharma Inc. (N.Pharma) to fund up to $5,000,000 through a secured subordinated debt agreement, of which $3,000,000 was advanced to RxElite at Closing.
"This investment by N.Pharma will allow us to maintain our strong momentum in our Sevoflurane business through continued investment in anesthetic vaporizers and implementation of key customer contracts," stated Jonathan Houssian, CEO and founder of RxElite.
About RxElite, Inc.
RxElite, Inc. develops, manufactures, and markets generic prescription drug products in specialty generic markets. These markets include products in the areas of anesthesia, sterile liquid dose drugs (including respiratory inhalation drugs, ophthalmics, and injectable drugs), complex active pharmaceutical ingredients, and other specialty areas. www.RxElite.com.
About NPIL Pharma Inc.
With assets across North America , UK and India , NPIL Pharma offers development and commercial scale manufacture services in both API and Formulations. www.NPILPharma.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause our actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: risks associated with the uncertainty of future financial results, our reliance on our sole supplier, the limited diversification of our product offerings, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission . The Company undertakes no obligation to update any forward-looking statements.
Corporate Information
Ph: (208) 288-5550
Toll Free: (800) 414-1901
Fax: (208) 288-1191
Investor Relations
Ph: (208) 288-5550
Fax: (208) 288-1191
Email: Email Contact
CHSH .15 -34.78%
DOLL (.17) Middleton Doll Discusses Redemption of Preferred Stock
Thursday, June 05 2008 2:09 PM, EST
Business Wire "US Press Releases "
WAUKESHA, Wis.--(BUSINESS WIRE)--
The Middleton Doll Company (OTCBB:DOLL) announced today that in advance of its obligation to redeem its outstanding preferred stock by July 1, 2008 , the company has conducted a thorough review of its financial position, and continues to anticipate that it will not have legally available funds to redeem the preferred stock. However, the company anticipates that it will have sufficient funds to continue to pay the dividends due on the preferred stock on July 1 and October 1, 2008 .
"As we have indicated in our public filings, we continue to actively pursue various alternatives to address our financial obligations, including a recapitalization, a business combination or disposition of assets," said Salvatore L. Bando, president and chief executive officer of The Middleton Doll Company . Bando went on to say that "as part of our ongoing review, we have also consulted with significant holders of the preferred and common stock to examine potential alternatives."
Based on current projections and absent any adverse factors not currently anticipated or outside the control of the company, the company anticipates that it will have sufficient cash to meet operating and working capital requirements through June 30, 2009 . However, the current business climate, particularly in the doll business, continues to be very challenging for the company.
About The Middleton Doll Company
The Middleton Doll Company currently operates in two segments, consumer products and financial services. The company's consumer products segment is comprised of Lee Middleton Original Dolls, Inc. , a designer and marketer of lifelike collectible and play dolls, and License Products, Inc. , which does business as FirsTime Manufactory, a designer and marketer of clocks and home decor products that are sold to major national retailers. The company's financial services segment is comprised primarily of the remaining assets of the lending and real estate leasing business of its former subsidiary, Bando McGlocklin Small Business Lending Corporation , now owned by Lee Middleton Original Dolls. Beginning on January 4, 2006 , the financial services segment began selling substantially all of its loans, loan participations and leased real estate properties. The company does not intend to continue in the financial services segment after the remaining financial services segment's assets are sold.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the company's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should," or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the company undertakes no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond the ability of the company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include: the degree of success of the strategy to reduce expenses and to increase revenue in the consumer products segment; the declining demand for collectible dolls in the consumer products segment; our ability to provide the necessary cash to meet operating and working capital requirements beyond 2007; and the timing of sales and the selling prices of the remaining assets of the financial services segment.
The Middleton Doll Company news releases are available on-line 24 hours a day at: http://www.middletondollcompany.com
Source: The Middleton Doll Company
LMAO, Crazy stuff!
Agreed. I hope it comes back down. Like you said, .08 looks good
IDGI just when it looked to be going lower it turned around on us...
VFIN (.169) National Securities Corporation, Subsidiary of National Holdings Corporation, Reports Significant Growth in Brokers and Customer Assets
Thursday, June 05 2008 1:02 PM, EST
Business Wire "US Press Releases "
NEW YORK --(BUSINESS WIRE)--
National Holdings Corporation , a financial services company operating through its wholly-owned subsidiaries (OTCBB:NHLD), reported significant growth in brokers and customer assets.
During the past 60 days, National Securities Corporation has successfully recruited and hired approximately 50 brokers with approximately $600 million in customer assets and trailing 12 month revenues in excess of $12 million .
"This is an extraordinary time for the growth of National's brokerage operations. We have built an attractive platform and expect to continue our record growth," stated Mark Goldwasser, President and Chief Executive Officer. "When our proposed merger with vFinance closes the combined companies will have over 750 registered representatives making us one of the largest independent contractor based brokerage firms in the U.S., with a significant presence in New York City ," added Mr. Goldwasser.
As previously announced, National Holdings and vFinance, Inc. (OTCBB: VFIN) have received the necessary regulatory approvals to proceed with their proposed merger. Both companies have scheduled shareholder meetings in June, and the merger is anticipated to become effective as of the close of business on June 30, 2008 . However, no assurance can be given that the merger will be consummated.
National Holdings Corporation is a holding company for National Securities Corporation , National Asset Management, Inc. , National Insurance Corporation , National Holdings Mortgage Corporation , National Group Benefits Corporation and National Securities Futures Corporation . National Securities conducts a full service national brokerage and investment banking business. National Asset Management is a federally-registered investment adviser. National Insurance provides a full array of fixed insurance products to its clients. The Company's other subsidiaries are currently inactive.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. This press release may contain certain statements of a forward-looking nature relating to future events or future business performance. Any such statements that refer to the Company's estimated or anticipated future results or other non-historical facts are forward-looking and reflect the Company's current perspective of existing trends and information. These statements involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, risks and uncertainties detailed in the Company's Securities and Exchange Commission filings, including the company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
National Holdings has filed a Registration Statement on Form S-4, and a related joint proxy statement/prospectus, in connection with the proposed merger with vFinance, Inc. Investors and security holders are urged to read the Registration Statement on Form S-4 and the related joint proxy statement/prospectus because they contain important information about the merger transaction. Investors and security holders may obtain free copies of these documents (when they are available) and other documents filed with the SEC at the SEC's web site at http://www.sec.gov. In addition, investors and security holders may obtain free copies of the joint proxy statement/prospectus filed with the SEC by contacting National Holdings Investor Relations at the email address: investorrelations@nationalsecurities.com or vFinance Investor Relations at the email address: investorrelations@vfinance.com.
This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
National Holdings , vFinance and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of National Holdings in connection with the merger transaction. Information regarding the special interests of these directors and executive officers in the merger transaction is included in the joint proxy statement/prospectus described above.
Source: National Holdings Corporation
IDGI Yup, you're right. Going lower
AKYI (.011) AccessKey Preps for OTC/BB Status
Thursday, June 05 2008 1:00 PM, EST
PrimeNewswire "PrimeNewswire "
ALBUQUERQUE, N.M. , June 5, 2008 (PRIME NEWSWIRE) -- AccessKey IP, Inc. , (Pink Sheets:AKYI) has engaged White Rhino Consulting, Inc. to assist and advise the company in becoming fully reporting with the intention of moving to the OTC Bulletin Board.
"This is a key step to add shareholder value and bring significant development capabilities to AccessKey," noted George Stevens, CEO. "Our shareholders deserve our best leadership efforts," he added.
Services provided to AccessKey by White Rhino Consulting will include assisting with the compilation, preparation and consolidation of financial statements; drafting of legal documents; and acting as an interface with the auditors and attorneys of AKYI. White Rhino Consulting has assisted several companies in their move from Pink Sheets to the OTC/BB.
The agreement will minimize the fees paid to the auditors by delivering financial statements that adhere with GAAP, as well as minimize attorney fees.
"For the quality and track record White Rhino Consulting brings to the table, it's worth the expense for the ultimate filing and approval by FINRA. This is a costly and lengthy process, but we are committed to this initiative. Positioning AccessKey to expand, to respond to new opportunities and to continue to enhance stockholder value is a complex process. Without a doubt we need to move from Pink Sheets to a much more sophisticated audience which in turn will leave any and all legacy issues behind. We need to expand our investor base and along with the significant initiatives we currently have on the table, will position the company to be taken much more seriously," Stevens added.
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPTV), navigate the Internet, watch Video on Demand (VOD) offerings. Specialized functionality also allows users to play video or Internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
The AccessKey IP logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4945
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKeyIP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
FOR INVESTOR INQUIRIES: Please visit the Company's website www.accesskeyip.com, or contact: Bruce Palmer, 310-734-4254.
CONTACT: AccessKey IP, Inc.
Bruce Palmer
310-734-4254
www.accesskeyip.com
PINR (.0004) Pine Ridge Holdings Announces New Acquisition of High Technology Company
Thursday, June 05 2008 12:59 PM, EST
Market Wire "US Press Releases "
FORT WAYNE, IN -- (MARKET WIRE) -- 06/05/08 -- Pine Ridge Holdings Inc (PINKSHEETS: PINR) CEO Kevin May announced today that the company has entered into a purchase agreement with AcousTech, Inc.
AcousTech is a high technology company supporting manufacturers and users of integrated circuits and other semiconductor products throughout the United States and internationally. AcousTech specializes in providing scanning acoustic microscopy and x-ray inspection services for an array of applications including integrated circuits, MEMS, complex hybrids, automotive sensors, and medical implantables.
Kevin May stated, " AcousTech, Inc. was founded in 1999 by Jon Roth and Kerry Oren. Jon Roth and Kerry Oren have been involved in failure analysis since 1986. They have published numerous technical papers and given presentations related to failure analysis and acoustic micro-imaging. They have been extensively involved in the development of quality assurance programs for commercial electronics in defense applications. They come from a failure analysis background where incoming parts ranged from microprocessors to large castings, and where acoustic micro imaging inspection was involved in everything from commercial electronics to spaceflight hardware, from welds and brazes to silicon chip attaches."
Jon Roth, President, AcousTech, Inc. , commented, "In March of 2008 AcousTech, extended its national sales network with the appointment of a focused sales representative firm, Tacit Solutions, LLC based in Southern California , strengthening the company's sales and marketing infrastructure and growth initiatives. Tacit Solutions, LLC has particular expertise in marketing and sales of semiconductor assembly, integrated circuit testing and quality assurance products and services primarily in the Western United States . Under the agreement with AcousTech, Inc. , Tacit Solutions, LLC will deliver opportunities to provide C-SAM and X-RAY testing services from the electronics industry including aerospace, automotive, industrial, medical, military, and telecom markets, as well as the original semiconductor chip manufacturers and IC users in 20 states.
" Tacit Solutions, LLC is recognized for its capacity to deliver new customer contact opportunities and technical excellence on a national scale. I am delighted to welcome Tacit as our primary sales representative firm into our planned network of trusted sales representatives, I am confident that together, we will achieve the very highest levels of service and value for our customers in their region."
About AcousTech, Inc.
AcousTech, Inc. was founded by former employees of ITT Corporation in Ft. Wayne, Indiana , to provide acoustic micro imaging inspection (C-SAM) and X-RAY analysis services for the electronics industry. Since 1986, the company founding personnel have been extensively involved in the development of quality assurance programs and performing failure analysis activity for military aerospace defense companies as well as providing testing services for automotive, commercial, industrial and telecom applications nationwide.
About Tacit Solutions, LLC
Tacit Solutions, LLC was formed by Richard Guy in 2003 after working for 25 years in various high level sales management positions at Amkor Technology, AT&T Bell Laboratories , Lucent Technologies, NCR Corporation , Signetics Corporation and most recently at Integra Technologies. These companies are all involved in the manufacturing, qualification, selecting or testing of integrated circuits in the electronics industry.
Tacit Solutions currently provides sales coverage for AcousTech in Arizona , California , Colorado , Florida , Kansas , Maryland , Minnesota , Missouri , New Mexico , Ohio , Oklahoma , Nevada , New Hampshire , North Carolina , North Dakota , Oregon , Texas , Utah , Virginia and Washington .
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact:
Kevin May
President/CEO
Pine Ridge Holdings, Inc
Jon Roth
AcousTech, Inc.
http://www.acoustech-inc.com/
Richard Guy
Tacit Solutions, LLC
http://tacit-sol.com
Brian Kistler
(260) 450-8823
Yup, lots of good ones and I just missed them completely
TRENQ now