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NSHV .03/.031 1x1
NSHV is your official lotto pick? yes?
hmmm, .0008/.0009 1x1 :) FPLF
FPLF .0007/.0009 2x1
true...looks like game on!
FPLF L2
NSHV L2
wow! what's going on there? mrxt
NSHV L2
ICBM L2
saw that....wonder if it was mm to mm
hey stuff! nice to see some vol coming in across the board.
morning!! i see lots of action this morning...nice
AIRN 3.46 Airspan Announces Multiple WiMAX Product Solutions for the 3.65GHz Band in the United States
Jun 20, 2007 9:10:00 AM
BOCA RATON, FL -- (MARKETWIRE) -- 06/20/07 -- Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX and Wi-Fi based broadband wireless access networks, announced today that, following the June 7, 2007 FCC Memorandum Opinion and Order regarding 3.65GHz spectrum release that it is launching a full portfolio of 3.65GHz WiMAX products, designed to provide solutions to carrier and enterprise customers.
Airspan will offer two 3.65GHz WiMAX Base Station products, namely its carrier class HiperMAX base station which is currently being deployed internationally and its MicroMAX base station which is expected to ship to customers in the fourth quarter of 2007. In addition, Airspan also offers a full portfolio of 3.65GHz WiMAX subscriber terminals, including the indoor desktop EasyST and outdoor ProST, both of which also support optional WiFi and VoIP extensions.
Airspan's 3.65GHz U.S. WiMAX products also include a "Detect and Protect" contention protocol designed to operate in accordance with the FCC ruling and, subject to obtaining formal FCC certification, enable the use of both the restricted and unrestricted spectrum blocks.
Paul Senior, Airspan's new CTO, commented, "We welcome the FCC release of the 3.65GHz spectrum as it will allow a broader adoption of WiMAX technology in the important global 3.6-3.8 GHz band. Airspan's 3.65 GHz solutions enable operators who today do not have a licensed spectrum to build high value, low cost WiMAX networks in both urban and rural locations."
About Airspan Networks Inc.
Airspan Networks provides wireless voice and broadband data systems and solutions for the fixed and mobile WiMAX and Wi-Fi markets, including Voice Over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz. Airspan has a strong wireless product roadmap that includes WiMAX Forum Certified equipment and products meeting 802.11 a/b/g Wi-Fi standards, Airspan's HiperMAX and MicroMAX base station products support portable and mobile 802.16e-2005 WiMAX alongside fixed and nomadic 802.16-2004 products. Airspan products also include "self install" and professionally installed customer premise equipment. Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments in more than 100 countries with more than 400 operators, 100 of which use Airspan's WiMAX Forum Certified and non-certified products. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is an international telecommunications equipment provider headquartered in Boca Raton, Florida. More information on Airspan can be found at http://www.airspan.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended 31 December, 2006 and Form 10-Q for the first quarter ended 1 April 2007. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.
For Investor Relations and Media Inquiries, contact:
Airspan Networks
David Brant
Senior Vice President & Chief Financial Officer
Airspan Networks Inc.
Tel: +1 561 893-8650
Fax: +1 561 893-8681
Email: Email Contact
PDVP Podium Venture Group, Inc. Comments on Upcoming Website for Corduroy Surf Company
Jun 20, 2007 9:09:00 AM
PORTLAND, ME -- (MARKETWIRE) -- 06/20/07 -- Podium Venture Group, Inc. (PINKSHEETS: PDVP), an apparel, media, and publishing holding company in the lifestyle sports industry comments on the Corduroy Surf Company website -- scheduled to launch in early fall 2007.
"The model for Corduroy has always been one which brings the surfing community together through art, fashion, sound gear, progressive brands and forward thinking store concepts. The website, currently under development, will feature all those same attributes and one more which will surely amaze the masses. The site will be the first of its kind -- both as far as size, quality, ecommerce solutions, and overall concept. Without getting into great detail -- we are nurturing an ecommerce concept that will unify surfers and consumers globally through the one thing we all know all too well -- the surf forecast. It will surely be not only a tremendous sales platform for Corduroy, but will also redefine how both consumers and web developers alike view ecommerce solutions and consumer interactive online shopping."
Jim McGinley, President & CEO, Podium Venture Group, Inc.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
CONTACT:
Podium Venture Group, Inc.
Jim McGinley
207-772-3202
www.podiumventuregroup.com
CGMI .51 Competitive Games International Signs Agreement with Leading Provider of Streaming Video and Video Email
Jun 20, 2007 8:30:00 AM
PANAMA CITY, June 20 /PRNewswire-FirstCall/ -- Competitive Games International, (OTC: CGMI), a new player in the growing Casual Games market, today announced the Company has entered into an agreement with First Stream Media, a leading provider of Video Streaming and Video Email. The agreement provides Competitive Games International and its membership with complete access to all First Stream Media Video capabilities for marketing and brand loyalty purposes.
The Company and First Stream Media will begin the integration process of implementing First Stream Video Software into the Competitive Games Website immediately. Upon completion, all of the Company's end-users will have the ability to purchase and subsequently utilize the First Stream Media services. These services will include Video Email and Streaming Video to be used for the purposes of marketing the Competitive Games products and service packages.
Julio Collado, chief executive officer of Competitive Games International stated, "The Company believes that First Stream's Video technology will significantly enhance the marketing capabilities of the Company's affiliate base. Moreover, it will provide the means to deliver a consistent, attractive and professional message to our potential customers and purchasers of Competitive Games products. Videos will include information about both the business opportunity provided by the Company to its affiliates and the Skill Games arena."
About First Stream Media:
First Stream Media specializes in multi-channel video communications by offering products and services including stand alone Video Email, On-demand Video, Live Video Streaming for websites and Live Web Broadcast Video Email campaigns. Audiences are targeted through list rental and management, data enhancement, campaign development and delivery, and online business opportunities all designed to serve marketers and publishers with end-to-end, results oriented marketing solutions.
About Competitive Games:
Competitive Games International (CGI) is a new and innovative Skill Games (or Casual Games) Company that uses a strategic Affiliate Marketing program - Multi Tiered Affiliate Marketing (TM) (MTAM) - to encourage both game play and the distribution of CGI products and services. CGI provides a unique web- based Skill Games arena that allows members and players alike to play games for fun or for money against other members. The MTAM system allows individual members to market CGI products and services to others and subsequently earn revenues by way of a revolutionary compensation structure. Revenues for the company are generated from the retail sale of CGI products and services, Skill Game play, advertising and future licensing agreements.
For more information about CGMI visit www.cgmi-competitivegames.com.
Forward-Looking Statements
This press release contains certain statements which are not historical or current fact and constitute forward-looking statements within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms may, will, potential, opportunity, belies, belier, expects, intends, estimates, anticipates or plans to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings. Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward- looking statements.
For More Information Contact:
Investor Contact:
Bethany Tomich
Equity Performance Group
W: 617-723-1465
bethany@equityperfgp.com
www.equityperformancegroup.com
World Trade Center, 1 - Commercial Area
53 Marbella Street
Panama, Republic of Panama
www.cgmi-competitivegames.com
SOURCE Competitive Games International
----------------------------------------------
Bethany Tomich
Equity Performance Group
+1-617-723-1465
bethany@equityperfgp.com
SONS 8.66 Sonus Networks and PCTEL Announce a Strategic Agreement to Advance Broadband Mobile Convergence Solutions
Joint Solution Enables Broadband Mobile Convergence for Dual Mode Handsets
Jun 20, 2007 8:30:00 AM
WESTFORD, Mass. and CHICAGO, June 20 /PRNewswire-FirstCall/ -- Sonus Networks, Inc. (Nasdaq: SONS), a leading supplier of service provider Voice over IP (VoIP) infrastructure solutions, announced today at NXTcomm 2007 (Booth#4215) that the company entered into an agreement with PCTEL, Inc. (Nasdaq: PCTI), an industry leading supplier of IMS-ready Fixed Mobile Convergence (FMC) client software for converged devices. Under the agreement, the companies completed interoperability testing between the customized PCTEL Roaming Client - Voice Enabled (VE) solution and the Sonus Broadband-Mobile Convergence (BMC) solution. The joint solution will enable the seamless handoff of mobile calls between Wireless Local Area Networks (WLANs) and traditional cellular networks and delivery of broadband-mobile converged services through dual mode handsets. The combined solution is now available to carriers worldwide.
Sonus' BMC solution is IP Multimedia Subsystem (IMS)-ready and is based on standard protocols as defined by the 3rd Generation Partnership Project (3GPP). The solution includes the Sonus IMX Multimedia Application platform and third-party solutions such as those from PCTEL. Interoperable with both second-generation (2G) and third-generation (3G) mobile networks, the PCTEL and Sonus solution allows network operators to deliver converged services across wireline or wireless, business or personal network connections. PCTEL's Roaming Client - VE delivers advanced voice and messaging capabilities, including seamless roaming and in-call handoff capabilities on dual mode devices. It enables users to seamlessly roam between and connect to the highest bandwidth, lowest cost source of connectivity at any location including enterprise networks, Wi-Fi Hot Spots and cellular networks. PCTEL's Roaming Client - VE has been deployed in over 25 trial sites worldwide and has been integrated with native cellular phone applications on several leading handset platforms including Windows Mobile(R).
"PCTEL's Roaming Client Software is being embraced by some of the world's largest network operators and Wi-Fi service providers to deliver seamless mobility between Wi-Fi and cellular networks," said Biju Nair, Corporate Vice President and General Manager of PCTEL's Mobility Solutions Group. "Coupling the power of PCTEL client software with the world-class Sonus core infrastructure provides important new revenue opportunities for our customers, and enables them to advance the time to market to deliver converged services."
"The progress in the development of robust dual mode handsets has accelerated the demand for network architectures that support the delivery of converged voice, data and multimedia services over wireless data networks and traditional cellular networks," said Vikram Saksena, chief technology officer, Sonus Networks. "We are delighted to work with PCTEL, the industry's most innovative provider of client-side software solution for converged devices, to streamline the rapid rollout of new services that take advantage of the robust capabilities and efficiency of wireless IP solutions."
About PCTEL
PCTEL, Inc. (Nasdaq: PCTI), which is headquartered in Chicago, is a global leader in wireless broadband solutions. The company's Broadband Technology Group (BTG) includes Antenna Products and RF Solutions. PCTEL's BTG designs, distributes, and supports innovative antenna solutions for public safety applications, unlicensed and licensed wireless broadband, fleet management, network timing, and other GPS applications. Its portfolio of OEM receivers, receiver based products and interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL's Mobility Solutions' software tools provide secure, access independent, remote connectivity to the Internet and IMS software for converged handsets.
The company's products are sold or licensed to wireless carriers, wireless ISPs, distributors, system integrators, wireless test and measurement companies, wireless network equipment, handset manufacturers, and government agencies. PCTEL protects its technology with a strong intellectual property portfolio and broad cross-licensing agreements. For more information, please visit the company's web site at: http://www.pctel.com.
About Sonus Networks
Sonus Networks, Inc. is a leading provider of voice over IP (VoIP) infrastructure solutions for wireline and wireless service providers. With its comprehensive IP Multimedia Subsystem (IMS) solution, Sonus addresses the full range of carrier applications, including residential and business voice services, wireless voice and multimedia, trunking and tandem switching, carrier interconnection and enhanced services. Sonus' voice infrastructure solutions are deployed in service provider networks worldwide. Founded in 1997, Sonus is headquartered in Westford, Massachusetts. Additional information on Sonus is available at http://www.sonusnet.com.
This release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to Item 1A "Risk Factors" of Sonus' Quarterly Report on Form 10-Q dated May 8, 2006, filed with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Risk factors include among others: the impact of material weaknesses in our disclosure controls and procedures and our internal control over financial reporting on our ability to report our financial results timely and accurately; the unpredictability of our quarterly financial results; risks and uncertainties associated with the Company's announced review of its historical stock option grants and accounting, including any potential impact on the Company's financial statements or results, any tax liabilities or penalties, the Company's inability to timely report with the Securities and Exchange Commission, whether the Nasdaq Listing Council will continue the delisting stay or grant an extension or that the company's securities will remain listed on the NASDAQ Stock Market, potential investigations, regulatory actions or litigation arising out of the review or any restatement; risks associated with our international expansion and growth; consolidation in the telecommunications industry; and potential costs resulting from pending securities litigation against the company. Any forward-looking statements represent Sonus' views only as of today and should not be relied upon as representing Sonus' views as of any subsequent date. While Sonus may elect to update forward-looking statements at some point, Sonus specifically disclaims any obligation to do so.
Sonus is a registered trademark of Sonus Networks, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
For more information, please contact:
Investor Relations: Media Relations: PCTEL Media Relations
Jocelyn Philbrook Sarah McAuley Jack Seller
978-614-8672 978-614-8745 773-243-3016
jphilbrook@sonusnet.com smcauley@sonusnet.com jack.seller@pctel.com
SOURCE Sonus Networks, Inc. and NeuStar, Inc.
----------------------------------------------
Investors
Jocelyn Philbrook
+1-978-614-8672
jphilbrook@sonusnet.com
or Media
Sarah McAuley
+1-978-614-8745
smcauley@sonusnet.com
both for Sonus Networks
Inc.; or Jack Seller
PCTEL Media Relations
+1-773-243-3016
jack.seller@pctel.com
MDTA 2.75 Megadata Reports 32% Revenue Increase Over First Half of FY 06 and Net Income of $169,000 for the First Six Months of FY 07
Net Income of $169,000
Jun 20, 2007 8:30:00 AM
GREENWICH, Conn., June 20 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced net income of $169,000 for the first half of FY 2007 or $.04/share (basic) compared to a net loss of $254,000 or $.06/share (basic) for the first half of the previous year. Total revenues for the first half of FY 2007 were up approximately 32% to $2,694,000 compared to the first half of the previous fiscal year. Subscription sales were up approximately 36% to $2,457,000 for the first half of FY 2007 from $1,811,000 for the first half of the previous year.
"This is a good first half for both sales and profits and we're encouraged with our steady progress," said Jim Barry, Megadata's President and CEO. "Key to our strategy and to our continued growth is providing additional product solutions that generate a positive economic impact to our established large customer base - as well as bringing in new customers who can now be served by new PASSUR locations which have been added to our growing PASSUR Network. We're proud of our team and thank our customers for their continued confidence in our company."
"We're again pleased with the financial results and with our continued profitable operations," said G.S. Beckwith Gilbert, Megadata's Chairman of the Board.
About Megadata
Megadata owns and operates PASSUR, a national network of multiple, live flight information sources feeding a single, integrated database known for independent, complete, timely, and accurate information and solutions for the aviation industry. This database is derived from a unique network of PASSUR radar installations in the US, Canada, Europe, and Asia.
The Company now provides services to over 45 airports, including 8 of the top 10, to dozens of airlines, including 7 of the top 10, and to a wide audience of FBO's as well as corporate flight departments, including some of the largest in the world. We have a national and international database primarily powered by a network of company-owned passive radars.
Our PASSUR radar network covers 43 of the top 50 U.S. airports and over 110 airports throughout the world. The company's principal business is the delivery of data, application software, and web-delivered collaborative decision tools to the aviation industry and organizations that serve, or are served, by the aviation industry. Megadata sells its products through a direct sales force, and through premier aviation decision-support technology firms.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
The forward-looking statements in this news release relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2006 Form 10K and the April 30, 2007 Form 10Q.
SOURCE Megadata Corporation
----------------------------------------------
James T. Barry
President & CEO
Megadata Corporation
+1-203- 622-4086
jimbarry@passur.com
EFOI 6.60 Carl Greve Jewelers Chooses Energy Focus for Efficiency and Design
Jun 20, 2007 8:30:00 AM
SOLON, Ohio, June 20 /PRNewswire-FirstCall/ -- Energy Focus, Inc. (Nasdaq: EFOI), formerly Fiberstars, Inc. (Nasdaq: FBST), a global leader in energy efficient lighting, today announced the installation of its fiber lighting system to illuminate the gems of Portland's premiere diamond jeweler, Carl Greve Jewelers. Located in the heart of downtown Portland, Carl Greve Jewelers showcase the world's most prestigious names in jewelry design with a selection of diamonds, timepieces and special collections.
Energy Focus' installation includes 39 custom designed EFO LightBeams, which highlight the dazzling gems while providing dramatic reductions in maintenance and energy costs of the display cases. Energy Focus' EFO Lightbeam provides the highest quality of white light while offering a lifespan three times longer than Carl Greve's previously installed lighting system. With the new installation of Energy Focus' fiber lighting, energy consumption has effectively dropped to one-third that of the previous system.
"Energy Focus has been repeatedly chosen as the most brilliant lighting option to accentuate high profile gems for an array of department stores and high-end retailers, and our project with Carl Greve Jewelers marks another accomplishment of bringing energy efficiency and beauty together," says John Davenport CEO of Energy Focus. "Our technology offers lighting designers a flexible application for distributing light directly to individual jewels to create a perfect sparkle."
Energy Focus products can also be found dazzling the diamonds of Tiffany & Co. and London's Garrard, the personal jewelers of the Queen of England.
About Energy Focus, Inc.
Energy Focus, Inc.(Nasdaq: EFOI) is the leading supplier of fiber optic lighting and the world's only supplier of EFO(R), a lighting technology which is more efficient than conventional electric lamps. Energy Focus products are designed, manufactured and marketed for the commercial lighting, sign and swimming pool, and spa markets. Energy Focus fiber optic lighting provides energy savings, aesthetic, safety and maintenance cost benefits over conventional lighting. Customers include supermarket chains, retail stores, fast food restaurants, theme parks and casinos, hotels, swimming pool builders, spa manufacturers and many others. Company headquarters are located at 32000 Aurora Rd., Solon, OH 44139. The Company has additional offices in Pleasanton, CA, United Kingdom and Germany. For more information, see http://www.energyfocusinc.com.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding the goals and business outlook for 2007 and thereafter, future pool market sales, the expected growth of and percentage of the Company to be represented by EFO, expected product development and introductions, and expected overall sales growth and profitability, and expected benefits, revenues. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Actual results may differ materially from the results predicted. Risk factors that could affect the Company's future include, but are not limited to, a slowing of the U.S. and world economy and its effects on Energy Focus' markets, failure to develop marketable products from new technologies, failure of EFO or other new products to meet performance expectations, unanticipated costs of integrating acquisitions into the Energy Focus operation, delays in manufacturing of products, increased competition, other adverse sales and distribution factors and greater than anticipated costs and/or warranty expenses. For more information about potential factors which could affect Energy Focus financial results, please refer to the Company's SEC reports, including its Annual Report on Form 10-K for the year ended December 31, 2006, and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.
SOURCE Energy Focus, Inc.
----------------------------------------------
Alanna Gino
+1-415-977-1918
alanna@antennagroup.com
or Neil Torres
+1-415-977-1942
neil@antennagroup.com
both of Antenna Group for Energy Focus
PARS 1.18 Pharmos Commences Phase 2b Irritable Bowel Syndrome Study
Trial to Evaluate Safety and Efficacy of Dextofisopam, a Novel First-in-Class Compound
Jun 20, 2007 8:30:00 AM
2007 PrimeNewswire, Inc.
ISELIN, N.J., June 20, 2007 (PRIME NEWSWIRE) -- Pharmos Corporation (Nasdaq:PARS) announced today patient screening has commenced in its Phase 2b clinical trial of dextofisopam, which is expected to enroll approximately 480 female patients with diarrhea-predominant or alternating irritable bowel syndrome (d- and a-IBS). IBS is a chronic and sometimes debilitating condition that affects roughly 10%-15% of U.S. adults and is two to three times more prevalent in women than men. With an absence of safe and effective available therapies, dextofisopam's novel non-serotonergic brain-gut mechanism holds the potential for a unique and innovative treatment approach to d- and a-IBS.
Elkan Gamzu, Ph.D., CEO, said, "We consider the initiation of this clinical trial a major milestone for Pharmos. We are eager to deliver a new IBS treatment to the market especially given current limitations among the few available therapeutic treatment options, which include a tendency to overcorrect symptoms and the risk of serious side effects."
The Phase 2b double-blind, randomized, placebo-controlled study will evaluate the clinical safety, tolerability and efficacy of multiple doses of dextofisopam. Female outpatients with d- and a-IBS (according to Rome III Criteria for IBS) will be randomized into each of four treatment groups: 100mg, 200mg, and 300mg BID dextofisopam or placebo. Up to approximately 70 U.S. centers will enroll patients, who will participate for up to 19 weeks, including a screening period, a 12-week treatment period, and a 28-day post-treatment period. The primary efficacy endpoint is "adequate overall relief" of IBS symptoms during the 12-week treatment period. The estimated duration of the enrollment period for this study is 18 months.
The new study follows a successful Phase 2a study in 141 IBS patients in which dextofisopam demonstrated a statistically significant improvement over placebo on the primary endpoint of adequate overall relief (p = 0.033). In this trial, dextofisopam was well tolerated and did not cause significant constipation. Dextofisopam also provided benefit on a variety of secondary endpoints. Importantly, the beneficial effects on stool frequency were observable after two days and maintained for the 12 weeks of treatment. Overall, similar rates of adverse events were seen with dextofisopam and placebo. Importantly, diarrhea and constipation occurred at a very low rate.
In addition to having completed one Phase 2a IBS study, dextofisopam has been evaluated in three randomized, double-blind, placebo-controlled Phase 1 trials comprising healthy volunteers. Clinical data from the Phase 1 studies demonstrated that dextofisopam appears to be safe and well tolerated at doses up to 600 mg BID.
About Irritable Bowel Syndrome
IBS is a chronic, recurring, functional disorder characterized by multiple symptoms that include bowel dysmotility -- diarrhea, constipation, or alternating diarrhea and constipation - and abdominal discomfort. Roughly two-thirds of IBS patients fall into the diarrhea-predominant and alternating-type subgroups, for whom there are no recently approved treatments except for severe cases. While not a life-threatening disease, IBS has been shown to have a large negative impact on the quality of life of patients, resulting in significant direct and indirect costs.
About Dextofisopam
Dextofisopam (also known as R-tofisopam) is an enantiomer of racemic (RS-) tofisopam, a well-tolerated, effective, nonsedating agent that was first approved over thirty years ago outside the U.S. RS-tofisopamn is currently marketed in fifteen countries, including Japan, South Korea, Russia, Pakistan, Egypt, the Czech Republic, and Hungary, for the treatment of a variety of illnesses, including conditions that may involve dysfunction of the autonomic nervous system.
Dextofisopam, a homophthalazine, bears a structural resemblance to typical benzodiazepines, but is differentiated by nitrogen atoms in the 2,3 (as opposed to the 1,4 or 1,5) position, which confer a unique spectrum of properties. Recent studies have indicated that homophthalazines such as dextofisopam have a novel, specific binding site within the central nervous system that may be responsible for mediating their actions.
About Pharmos Corporation
Pharmos discovers and develops novel therapeutics to treat a range of indications including specific diseases of the nervous system including disorders of the brain-gut axis (GI/IBS), pain/inflammation, and autoimmune disorders. In addition to dextofisopam described above, the Company's core proprietary technology platform focuses on discovery and development of synthetic cannabinoid compounds with a focus on CB2 receptor selective agonists. Cannabinor, the initial CB2-selective agonist candidate, has completed two Phase 2a pain studies in which analgesic properties were observed. Other compounds in Pharmos' pipeline are in preclinical studies targeting pain, multiple sclerosis, rheumatoid arthritis and other disorders.
Safe Harbor Statement
Statements made in this press release related to the business outlook and future financial performance of Pharmos, to the prospective market penetration of its drug products, to the development and commercialization of its pipeline products and to its expectations in connection with any future event, condition, performance or other matter, are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause results to differ materially from those set forth in these statements. Additional economic, competitive, governmental, technological, marketing and other factors identified in Pharmos' filings with the Securities and Exchange Commission could affect such results.
CONTACT: Pharmos U.S.
S. Colin Neill, CFO
(732) 452-9556
Gale Smith
(732) 452-9556
Pharmos Israel
Irit Kopelov
+011-972-8-940-9679
The Ruth Group, Inc.
Investors:
Sara Ephraim
(646) 536-7002
Media:
Janine McCargo
(646) 536-7033
ZANE 1.35 Q2 Revenue Guidance Reaffirmed... $12.5-12.7 million Revenues... + 11% YoY... Record Quarterly Revenues Predicted... Zanett on Track to Profitable Q2 EBITDA*...
Jun 20, 2007 8:30:00 AM
2007 PrimeNewswire, Inc.
NEW YORK, June 20, 2007 (PRIME NEWSWIRE) -- Zanett Inc. (Nasdaq:ZANE) a leading information technology (IT) consulting firm serving Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security, today reaffirmed Revenue guidance for the second quarter of 2007, together with positive EBITDA* guidance.
GUIDANCE REAFFIRMED
The following statements are based on current management expectations. These statements are forward-looking and actual results may differ materially. This guidance, given within the following 4 paragraphs, supersedes and replaces any and all guidance or comments made by Zanett management prior to this date.
The company reiterated its expectations of Q2 2007 services revenue, including reimbursed expenses, to range between $12.5 and $12.7 million. This guidance would represent revenue growth of about 11% y-o-y (ie, over the second quarter of 2006).
HIGH GROWTH, STRONG PERFORMANCE
Zanett's Chairman and CEO credits the company's strong organic growth and successful mergers-and-acquisition strategy for the company's continued strong performance. "We're honored and proud to be recognized as one of the fastest growing firms in our sector," said Claudio Guazzoni.
"Right now we are operating just under a $50 million run-rate. Zanett has grown from zero to almost $50 million run-rate in a bit over 5 years. Most exciting, however, are the substantial growth opportunities that lie ahead for Zanett."
*EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortisation) is a non-GAAP performance measure and is not intended to be a performance measure that should be regarded as an alternative to nor more meaningful than GAAP earnings. EBITDA measures presented may not be comparable to similarly titled measures presented by other companies. EBITDA is defined as GAAP net income plus all cash and non-cash interest expense, plus all cash and non-cash tax expense, plus all cash and non-cash depreciation expenses, plus all cash and non-cash amortization expenses.
ABOUT ZANETT (www.zanett.com)
Zanett is an information technology ("IT") company that provides customized, mission-critical IT solutions to Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security. The Company operates in two segments: Government Solutions and Commercial Solutions.
The Government Solutions segment specializes in providing advanced software and satellite engineering services with domain area expertise in the realm of classified geospatial data exploitation and representation as well as IT infrastructure related to Homeland Defense and Homeland Security.
The Commercial Solutions segment provides Management Consulting services and delivers custom business solutions that integrate and implement Oracle's full suite of product offerings -- Oracle, JD Edwards, PeopleSoft, Seibel, together with associated Oracle Fusion technologies. A wide range of delivery expertise is provided to clients, including Managed Services, Business Intelligence, Web and Portal Development, and Middleware Technologies.
Zanett also provides full infrastructure and application hosting, utilizing both local resources and international resources, remote and onsite DBA support, all on a 24x7 basis.
Zanett currently employs over 232 people nationwide, is headquartered in New York City, and operates out of 9 offices (Atlanta, Boston, Cincinnati, Detroit, Indianapolis, Jacksonville, New York City, Philippines, and Denver). Founded in 2000, Zanett is listed on the NASDAQ Capital Market under the symbol ZANE.
DISCLAIMER AND FORWARD-LOOKING STATEMENTS
(PLEASE READ THE FOLLOWING 3 PARAGRAPHS CAREFULLY)
Certain statements in this news release regarding projected results of operations or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements" within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Zanett currently is considering, but in reality may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.
Circumstances do change, and if and when the landscape changes, Zanett shall endeavor to remain as flexible as possible, and adjust its strategy accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The above mentioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect Zanett, Inc., see Zanett, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2006 and its Quarterly Report on Form 10-Q for the quarter ended March 31st 2007.
Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division of, nor a subsidiary of, nor in any other manner connected with, Oracle Corporation, and no implication is made what-so-ever to suggest as such.
CONTACT: BPC Financial Marketing
John Baldissera
800-368-1217
SHMM Southern Home Medical Ahead of Schedule on Projected Revenues
Jun 20, 2007 8:30:00 AM
SPARTANBURG, SC -- (MARKETWIRE) -- 06/20/07 -- Southern Home Medical Equipment, Inc. (PINKSHEETS: SHMM) is pleased to announce that the Company is ahead of schedule on projected annual revenues. The Company is on schedule to bill out over $202,000.00 for the month of June, or the equivalent of $2.42M on a rolling 12 month basis.
Greg Tucker, President and CEO of Southern Home Medical, states, "We could not be happier with the progress that our team has made. All of these revenues for the month of June will be generated by our medical equipment operations and our fitness units. We have other deals pending in the medical equipment category and we are in the beginning stages of an aggressive rollout of our nurse staffing business. The nurse staffing segment of our company should prove to be a significant part of our business for years to come. We're just now scratching the surface and we've already had 13 serious inquiries concerning the Encore business. For a video presentation on the future of our company, we would encourage everyone to review the following link."
http://mgstudios.com/southernhomemedical/
About Southern Home Medical Equipment, Inc.:
Southern Home Medical is a holding company with a focus on medical equipment operations in the Southeastern United States. Formed in January 2005, with its principal place of business in Spartanburg, S.C., Southern Home Medical will be expanding its operations through the acquisition of existing durable medical equipment companies and through the start up of additional sites in strategic locations throughout the Southeast. Southern Home Medical provides "in-home" and nursing home patients with a complete line of medical equipment that includes: oxygen concentrators, semi-electric beds, wheelchairs, CPAPs, BiPAPs, enteral tube feeding, etc. Through its Encore Health & Wellness Division, Southern Home has also moved into additional health, wellness, and fitness related businesses to include Encore Medical Staffing, Inc. and Ladies Health & Fitness, Inc.
Encore Medical Staffing, Inc. (www.encoremedicalstaffing.com) supplies quality healthcare professionals on a per diem and temporary contract basis to hospitals, rehab centers, nursing homes and other medical facilities. The majority of the staffing professionals consists of Registered Nurses, Licensed Practical Nurses and Certified Nursing Assistants. Encore Medical Staffing, Inc. is aggressively recruiting motivated business professionals interested in franchising or joint ventures with the company.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E 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:
Southern Home Medical Equipment, Inc.
Email Contact
INXR .0005 iFinix Corp. Makes Free Subscription Offer to Shareholders for iFinix RealTime Information Platform, When Launched
Jun 20, 2007 8:30:00 AM
JAMAICA, NY -- (MARKETWIRE) -- 06/20/07 -- iFinix Corp. (PINKSHEETS: INXR), a provider of real-time financial information and services to active traders and to the securities industry, announced today that iFinix shareholders of record as of June 18, 2007 are being offered a free subscription for three months to the iFinix RealTime Information Platform, when it is officially launched at the end of the second quarter.
Shareholders of record as of June 18, 2007 can participate in the program by signing up on the company website. Qualified shareholders that already have a one-month trial subscription, which has been confirmed by email, will receive an additional three-month free subscription, for a total of four months. This offer does not include the commission costs.
iFinix Chairman Drew Budhu said, "iFinix is unusual in the number of its shareholders who are potential customers. These loyal supporters deserve to be rewarded for their confidence in the company with this free subscription offer."
"We also want to demonstrate to them the capabilities of the iFinix RealTime Information Platform," he added.
"It is capable of providing the most timely and accurate pricing and volume data available for microcap stocks, with pricing to the sixth decimal point, which exceeds by two decimal points the pricing data of the competition -- a difference that is quite important to frequent traders. We expect their satisfaction with our superior product will translate into word of mouth sales," he said.
About iFinix Corp.:
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
Contact:
iFinix Corporation
Investor Relations
516-504-3981 x301
KANA 3.10 IBM and KANA Study Shows Untapped Potential for US Financial Services Web Sites to Better Serve Clients
Integrated Multi-channel Suite Helps Banking, Insurance, and Financial Markets Clients Improve the Customer Experience
Jun 20, 2007 8:30:00 AM
Copyright Business Wire 2007
ARMONK, New York and MENLO PARK, Calif.--(BUSINESS WIRE)--
A study of 72 top US financial institutions reveals a majority of banks, insurance companies and investment firms overlook their customer self-service Web site as a low-cost, effective channel to improve customer service and retention. The study, commissioned by IBM (NYSE: IBM) and KANA Software, Inc. (OTCBB: KANA.OB), comes at a time when financial institutions are looking for new ways to improve the customer experience for established customers and a growing population of younger customers that increasingly interact with businesses through e-mail, chat and the Web.
The study, "Service Done Right: Why Great Online Customer Service Matters More than Ever," evaluated the usability of online self-service; escalation via multiple channels, such as e-mail, chat, telephone, and online collaboration tools; and the quality of responses received to e-mail inquiries. Ninety-five percent of Web sites did not provide answers to basic questions such as 1) what do you charge for canceling a check?; 2) can I make an insurance claim online?; and 3) can you buy and sell shares on the London Stock Exchange for me? Sixty-seven percent of firms did not provide satisfactory answers via e-mail and only six percent offered the ability to escalate inquiries to e-mail or telephone channels.
Financial services firms ready to implement new self-service channels face significant application integration challenges due to complex IT infrastructures that are siloed and run on multiple platforms from different vendors, each with unique data types and interfaces. As a result, integrated online channel development - including new Web 2.0 technologies such as instant messaging and blogs - is most often piloted versus rapid implementation across the enterprise.
To help financial services clients speed online channel development and simplify application integration and management, KANA and IBM offer an integrated, multi-channel customer service suite for e-mail response management, secure messaging, proactive service communications, live chat, Web collaboration, universal agent desktops, knowledge management and Web self-service. The software solutions can be hosted and implemented by IBM Global Business Services or IBM Business Transformation Outsourcing Services.
"Having a timely, consistent experience across all channels significantly improves productivity, customer satisfaction and retention, particularly in the competitive world of financial services," said Danny Turano, vice president, global financial services, KANA. "Delivering rich, targeted content and seamless escalation to assisted service channels are key enablers of sustained self-service adoption. We've found this will drive 80 percent resolution on first contact for escalated online interactions and improve customer satisfaction ratings by 90 percent."
In the study, researchers benchmarked the overall quality of online customer service offered by each organization ranking companies in a quadrant according to their proficiency scores for a number of contact channels and effectiveness of each channel. Four percent scored in the top "Multi-channel Leaders" quadrant for having multiple and highly effective channels available to their customers. Twenty-five percent landed in the "Best Practice" quadrant for having only a few channels but using those channels effectively. Fifteen percent fell into the "Lip Service" quadrant; these companies had multiple access channels but they were ineffective. The majority of companies - 58 percent - fell into the lowest quadrant for lack of both the necessary online access channels or for having a channel that was ineffective.
"Firms that enable customers to easily answer their own questions online using searchable FAQs and convenient Web 2.0 capabilities such as social networking software and live chat can increase customer satisfaction and cross-selling opportunities," said June Yee Felix, general manager, banking solutions and strategy, IBM. "Banking, insurance, and investment firms have an opportunity to leapfrog their competition by improving the online channel to establish a consistent experience and reduce pressure on other service resources such as call centers and branch offices."
KANA and IBM continue to build upon a seven-year, cross-industry global strategic alliance in Banking, Insurance, Financial Markets, Telecommunications, Retail and Industrial sectors. The partnership provides clients with KANA's industry-leading multi-channel customer service solutions, which enable the word's largest organizations to transform the customer experience and differentiate themselves through the delivery of consistent, intelligent service across channels, including e-mail, chat, call centers and Web self-service. KANA solutions are developed and optimized on IBM's System p and System x platforms running WebSphere and Information Management middleware.
For more information on IBM financial services solutions, visit www.ibm.com/financialservices.
About KANA
KANA is a world leader in multi-channel customer service. KANA's integrated solutions allow companies to deliver consistent, managed service across all channels, including email, chat, call centers and Web self-service, so customers have the freedom to choose the service they want, how and when they want it. KANA's clients report double-digit increases in customer satisfaction, while reducing call volumes by an average of 20%. KANA's award-winning solutions are proven in more than 600 companies worldwide, including approximately half of the world's largest 100 companies. For more information visit www.KANA.com
# # #
NOTE: KANA is a registered trademark of KANA Software, Inc. All other company and product names may be trademarks of their respective owners.
Source: KANA
----------------------------------------------
Ed Hadley
PAN Communications/ KANA
978/474-1900
pr@kana.com
or
IBM
Sean Tetpon
914-474-5508
stetpon@us.ibm.com
ONYI Originally New York Inc / Greenbelt Resources Corporation Changes Symbol
Jun 20, 2007 8:30:00 AM
Copyright Business Wire 2007
EAGLE GROVE, Iowa--(BUSINESS WIRE)--
Originally New York, Inc (Pink Sheets:ONYI) announces that it has been assigned a new ticker symbol: "GRCO."
The company now has a new board, new Chairman & CEO, new name, and a new ticker symbol to complete the set. The only thing they've kept the same has been their intent to design & sell ethanol plants. Ethanol is a clean burning renewable fuel that is commonly blended with gasoline to increase octane and decrease harmful emissions.
This press release does not constitute an offer of for the sale of securities. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to compete effectively in the marketplace, and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect subsequent changes.
Source: Originally New York, Inc.
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Greenbelt Resources Corporation
Eagle Grove
Bob Johnson
515-603-6292
ACTC .64 Advanced Cell Technology Announces Critical Advancements in Its RPE Program for the Treatment of Macular Degeneration and Other Retinal Degenerative Diseases
Company Commences GLP Safety Studies with MPI Research for RPE Cells Manufactured under GMP Compliant Conditions
Jun 20, 2007 8:30:00 AM
Copyright Business Wire 2007
ALAMEDA, Calif.--(BUSINESS WIRE)--
Advanced Cell Technology, Inc. (OTCBB:ACTC) today announced major advancements in the process of bringing its Retinal Pigment Epithelial (RPE) program into the clinic to treat various retinal degenerative diseases, including Age-Related Macular Degeneration (AMD). After preliminary discussions earlier this year with staff from the Office of Cellular, Tissue, and Gene Therapies within the Center for Biologics Evaluation and Research at the Food and Drug Administration (FDA), the company has contracted with a leading contract research organization in order to commence work on an extensive preclinical program. Earlier this month, MPI Research, located in Mattawan, Michigan, initiated pilot studies under Good Laboratory Practices (GLP) for Advanced Cell Technology's (ACT) ongoing RPE program.
This study is the first of several that will provide substantial safety data for an Investigational New Drug (IND) application, necessary for the initiation of a clinical trial. Due to the complex nature of stem cell derived cellular therapies, these studies are original, unique, and state-of-the-art. The protocols utilize therapeutic dosage levels of RPE cells based on recent data obtained through pharmacological dosage studies in the RCS rat, a key animal model of retinal disease. For the preliminary GLP studies, the company is utilizing RPE cells that have been differentiated from human embryonic stem cells, under current Good Manufacturing Practice (cGMP) conditions in its Worcester, Massachusetts facility. Applying appropriate controls as specified in the FDA's cGMP regulations, ACT staff was able to produce master and working cell banks of human embryonic stem cells. In working out a controlled, compliant manufacturing methodology, an unlimited amount of RPE cells can be derived by ACT for clinical use.
ACT scientists have also developed novel methodology to cryopreserve the RPE cell product, thereby overcoming various clinical issues faced by other cell therapy companies. ACT is planning for further dialogue with the FDA, as well as additional safety testing and other innovative analyses of the RPE cell product. ACT believes the commencement of these studies with all the work that lead up to them represents a significant milestone towards the program's success and future clinical trial.
Pedro Huertas, M.D., Ph.D., Chief Development Officer of Advanced Cell Technology remarked, "This is an important step for us and a tribute to the efforts of our team in translating a scientific finding into a potential therapeutic application. We expect that the GLP studies will move us closer to the successful filing of an IND and to FDA regulated clinical trials of RPE cells to treat retinal degenerative diseases."
Mr. William M. Caldwell, IV, Chairman and CEO of ACTC commented, "I am very proud to announce the extensive work to date on the RPE program for our company. We remain steadfast in our commitment to drive our therapeutic programs to the clinical stage."
About Advanced Cell Technology, Inc.
Advanced Cell Technology, Inc. is a biotechnology company applying embryonic stem cell technology in the emerging field of regenerative medicine. The company operates facilities in Alameda, California and Worcester, Massachusetts.
About MPI Research
MPI Research, with headquarters in Mattawan, Michigan, is one of the worlds leading providers of comprehensive preclinical research and development services. More information on the company's services can be obtained through the website at www.mpiresearch.com.
Forward-Looking Statements
Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the report on Form 10-QSB for the quarter ended March 31, 2007. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
Source: Advanced Cell Technology, Inc.
----------------------------------------------
The Investor Relations Group
Investors:
James Carbonara or Joseph Kessler
212-825-3210
or
Media:
Bill Douglass
212-825-3210
DRGP .27 Dynamic Response Group, Inc. Announces Massive New Distribution
Several Important International Territories Sign On including Russia and Germany for Flagship Product!
Jun 20, 2007 8:30:00 AM
Copyright Business Wire 2007
MIAMI--(BUSINESS WIRE)--
Dynamic Response Group, Inc. (DRGP) (Pink Sheets:DRGP) announced today that distribution of its flagship hair product for men, ProCede, has extended to several major new territories and has now been approved for sale in Russia and Germany, as well as many other countries. The company has begun to take orders for immediate sale in these new distribution territories.
"This is a major breakthrough for our company, plain and simple," says CEO Melissa K. Rice. "We take our hats off to our international partners, Global DR Group. It is a testament to their persistence and passion for our product that they have been able to garner distribution in these territories, which are very difficult to penetrate historically."
Global DR Group has been showcasing ProCede at the ERA International Show in Monte Carlo this past week. Says Global DR Group's CEO William Brand, "ProCede is a hit. Europe and the rest of the world are ecstatic over the availability of ProCede outside of the US. ProCede's approval has created amazing anticipation by distributors abroad. This is proof."
About DRG
Dynamic Response Group, Inc. ("DRG") creates, develops and markets innovative products addressing large national and international consumer audiences primarily through direct response TV (DRTV) and Internet advertising. Three of DRG's products have surpassed the $1 million gross sales milestone.
DRG is the innovator and direct response retailer of highly effective products and services including: ProCede(TM), a hair thickening system for men that has generated sales in excess of $22 million; "Backyard Drills with Bill Parcells," a DVD series for fathers and sons (sales surpassed $1 million in April 2006); The Sonic Clean Between Machine(R), an oral hygiene product (sales surpassed $1 million in April 2006); Allure Smile and SeroTrol and others.
ProCede consistently ranks in the top 5 most-aired short-form infomercials in the U.S., ranking in the top 5 for 22 consecutive months, and reaching number 1 of all products in the Health and Beauty category twice in that time period (Infomercial Monitoring Service). To date, ProCede has received registration approvals in 28 foreign countries including the European Union, United Arab Emirates and South Africa, and the company plans on making an announcement shortly outlining international distribution plans for its powerful patent-pending formula.
For more information, please visit www.dynamicresponsegroup.com.
Forward Looking Statements
Statements contained in this news release that are not historical facts are forward looking statements that involve risks and uncertainties. Actual results may differ materially from any forward looking statements due to many risk factors which include, but are not limited to, no operating history and no earnings, reliance on the Company's management team, the ability to successfully implement the Company's business plan, the ability to fund the Company's business strategy, competition and general economic conditions. Reference is made to our filings made with the United States Securities and Exchange Commission.
Source: Dynamic Response Group, Inc.
----------------------------------------------
For Dynamic Response Group
Inc.
Miami
Summit Financial Partners
LLC
Anthony D. Altavilla
President
317-218-0204
BCSR 1.14 Broadcaster, Inc. Announces Plans to Apply for Listing on the American Stock Exchange
Jun 20, 2007 8:30:00 AM
Copyright Business Wire 2007
LOS ANGELES--(BUSINESS WIRE)--
Broadcaster, Inc. (OTCBB: BCSR), the next generation video community that empowers community members to become broadcasters, announced today that it intends to submit an application for listing its common stock on the American Stock Exchange.
"We believe that applying for listing on the Amex is a logical next step for Broadcaster. Having our stock listed on the Amex will provide us with access to new investors and increased visibility in the financial community," said Martin Wade, CEO of Broadcaster, Inc.
The Company's recently approved 1-for-2 reverse stock split is expected to help the Company meet the Amex's minimum price requirement for listing. The Company believes that it will meet all requirements necessary for listing, however, it cannot guarantee that its listing application will be approved.
About Broadcaster, Inc.
Broadcaster.com is the next generation online community that empowers registered members to become broadcasters, either of themselves through web cam video chat, or as producers broadcasting from play-lists of live and pre-recorded content. Broadcasters are able to edit their programming with free Broadcaster tools, find an audience by inviting and adding other viewers to their friends list, and notify their audience of broadcast schedules and updates to channel content. Since its launch in Q4 of 2006, Broadcaster.com has amassed loyal audiences that upload and view millions of video files each month. Broadcaster's ever expanding library of content offers a wide variety of full-length movies, music videos, news feeds, original and proprietary content. Broadcaster, Inc. is headquartered in Los Angeles. For additional information about Broadcaster, Inc., please visit us at www.broadcaster.com.
Safe Harbor Statement
This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding our business strategy and development plans, plans for entering into new businesses, anticipated sources and uses of funds and other statements regarding our plans, objectives, expectations and intentions that are not historical facts. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this press release. These risks and uncertainties are described in greater detail in the reports that we file with the Securities and Exchange Commission. Our actual results, performance or achievements may vary materially from those expressed or implied in any forward-looking statements. All forward-looking statements reflect our beliefs and expectations as of the date of this press release and should not be relied upon as representing our views as of any subsequent date. While we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise.
Source: Broadcaster, Inc.
----------------------------------------------
The Investor Relations Group
Investor Relations:
Michael Crawford / Emily Hanan
212-825-3210
mcrawford@investorrelationsgroup.com
ehanan@investorrelationsgroup.com
or
Media Relations:
Susan Morgenbesser
212-825-3210
smorgenbesser@investorrelationsgroup.com
ARRY 11.57 Array BioPharma Reports New Clinical Data on Its Anti-Inflammatory Drugs
MEK Inhibitor ARRY-162 and p38 Inhibitor ARRY-797 Meet Endpoints in Clinical Studies
Jun 20, 2007 8:30:00 AM
Copyright Business Wire 2007
BOULDER, Colo.--(BUSINESS WIRE)--
Array BioPharma Inc. (Nasdaq: ARRY) announced new Phase 1 clinical data on its MEK inhibitor, ARRY-162, and its p38 inhibitor, ARRY-797. These results were presented at the Annual European Congress of Rheumatology (EULAR) in Barcelona, Spain, and at the International Association of Inflammation Societies' (IAIS) 8th World Congress on Inflammation in Copenhagen, Denmark.
ARRY-162 / MEK Inhibitor Phase 1 Results
Array presented preliminary information on its MEK inhibitor, ARRY-162, from both a single ascending dose (SAD) and a multiple ascending dose (MAD) Phase 1 clinical trial. In the SAD study, the drug was given orally at doses of 5 to 80 mg. In blood samples taken from these volunteers and stimulated ex vivo, ARRY-162 was shown to inhibit the production of IL-1beta, TNF-alpha, IL-6 and phosphoERK (pERK). IL-1beta was inhibited most potently and to the greatest extent, whereas pERK, a measure of proliferation, was the least inhibited. In the MAD study, volunteers were given doses ranging from 5 to 60 mg daily, for 14 days. Steady state drug exposure was proportional to dose and did not change with repeated dosing. In volunteers receiving daily doses of 40 mg of ARRY-162, inhibition of 50 to 90 percent of IL-1beta, TNF-alpha, and IL-6 was observed when measured over a 24-hour period. There were no significant changes in clinical laboratory values and no serious adverse events observed in either the SAD or MAD studies. Dose escalation studies with ARRY-162, in combination with methotrexate, are ongoing in rheumatoid arthritis patients with stable disease. Phase 2 studies are planned to start by the end of 2007.
ARRY-797 / p38 Inhibitor Phase 1 Results
In a SAD study in healthy volunteers, ARRY-797 was shown to have linear increases in exposure with increasing oral dose; the dose range studied was from 25 to 400 mg. The drug was well-tolerated with no serious adverse events. In blood samples taken from these volunteers and stimulated ex vivo, ARRY-797 was shown to inhibit the production of IL-1beta, TNF-alpha and PGE2. This effect was pronounced, with greater than 90 percent inhibition, and long-lasting with greater than 50 percent inhibition at 24 hours at the highest dose. ARRY-797 met its objective in this study and has advanced into MAD studies in both normal volunteers and cancer patients with hematological malignancies.
"We are pleased that both ARRY-162, our first-in-class MEK inhibitor for inflammation, and ARRY-797, our potent p38 inhibitor, have met their initial clinical endpoints," said Kevin Koch, Ph.D., President and Chief Scientific Officer. "We look forward to demonstrating the advantages of using these oral drugs to treat patient populations that would benefit from the suppression of inflammatory cytokines."
About Inflammatory Disease
Inflammation is a natural biologic response to injury or infectious attack to the human body. Unregulated inflammation results in a broad range of conditions, most of which are classified by the tissue or organ where the inflammation occurs. These conditions include rheumatoid arthritis (RA) in the joint, psoriasis in the skin, chronic obstructive pulmonary disease in the lung, fibrotic disease in the liver and kidney, Crohn's disease in the intestine, congestive hear failure and arteriosclerosis in the arteries, among others. Currently, some of the most effective treatments for these diseases are injectable protein therapeutics, which have significant cost and patient compliance issues. Injectable protein therapeutics currently on the market - such as Enbrel(R), Remicade(R), Humira(R) and Kineret(R) - bind to and/or modulate the activity of the inflammatory cytokines TNF-alpha or IL-1 and are utilized for the treatment of RA, psoriasis and Crohn's disease.
About ARRY-162 / Targeting MEK for Inflammation
MEK is an enzyme that regulates the biosynthesis of the inflammatory cytokines TNF, IL-6 and IL-1. Array scientists have discovered potent MEK inhibitors that interfere with these biosynthetic processes. We have previously advanced one MEK inhibitor, ARRY-886, into clinical development for the treatment of cancer. Given our experience with the safety profile of MEK inhibitors, we believe inhibition of MEK will have broad applications in diseases driven by IL-1 and TNF. ARRY-162, an orally active MEK inhibitor, has shown significant efficacy and is well tolerated in preclinical models of human arthritis and other inflammatory diseases.
About ARRY-797 / Targeting p38 for Inflammation and Cancer
P38 is a kinase target that regulates the production of numerous pro-inflammatory cytokines, in particular, TNF, IL-6 and IL-1. These cytokines can also act as cellular growth factors and are often up-regulated in certain cancers including prostate, ovarian and multiple myeloma. Additionally, p38 may play a role in certain resistance mechanisms or metastatic progression in cancer.
About Array BioPharma:
Array BioPharma Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat life-threatening and debilitating diseases. Our proprietary drug development pipeline is focused on the treatment of cancer and inflammatory disease and includes clinical candidates that are designed to regulate therapeutically important targets. In addition, leading pharmaceutical and biotechnology companies collaborate with Array to discover and develop drug candidates across a broad range of therapeutic areas. For more information on Array, please go to www.arraybiopharma.com.
Array BioPharma's Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to future clinical testing of our drug candidates. These statements involve significant risks and uncertainties, including those discussed in our annual report filed on form 10-K for the year ended June 30, 2006, our quarterly reports filed on Form 10-Q and in other reports filed by Array with the Securities and Exchange Commission. Because these statements reflect our current expectations concerning future events, our actual results could differ materially from those anticipated in these forward-looking statements as a result of many factors. These factors include, but are not limited to, our ability to continue to fund and successfully progress internal research efforts and to create effective, commercially viable drugs, our ability to achieve and maintain profitability, the extent to which the pharmaceutical and biotechnology industries are willing to in-license drug candidates for their product pipelines and to collaborate with and fund third parties on their drug discovery activities, our ability to out-license our proprietary candidates on favorable terms, risks associated with our dependence on our collaborators for the clinical development and commercialization of our out-licensed drug candidates, the ability of our collaborators and of Array to meet objectives tied to milestones and royalties, and our ability to attract and retain experienced scientists and management. We are providing this information as of June 20, 2007. We undertake no duty to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements or of anticipated or unanticipated events that alter any assumptions underlying such statements.
Source: Array BioPharma Inc.
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Array BioPharma Inc.
Tricia Haugeto
303-386-1193
ir@arraybiopharma.com
PMQC 5.55 Paramount Acquisition Corp. Files Preliminary Proxy Statement for Proposed Acquisition of Chem Rx
Jun 20, 2007 8:29:00 AM
NEW YORK, June 20 /PRNewswire-FirstCall/ -- Paramount Acquisition Corp. (OTC Bulletin Board: PMQC, PMQCU, PMQCW), a special purpose acquisition corporation ("SPAC"), announced the filing on June 18, 2007 of a preliminary proxy statement with the Securities and Exchange Commission (SEC) with respect to a special meeting of stockholders to be held to consider and vote upon the previously announced stock purchase agreement that provides for the acquisition of Chem Rx, a major privately-owned long-term care pharmacy based in Long Beach, New York.
Following the completion of the SEC's review of the preliminary proxy statement, Paramount will mail a definitive proxy statement to its stockholders of record. The date of the special meeting of stockholders and the record date for the meeting will be specified in the definitive proxy statement. For stockholders' general information, the preliminary proxy statement is available from the SEC's website at www.sec.gov. Assuming all closing conditions are met, Paramount anticipates completing the transaction in the third or fourth quarter of 2007.
ABOUT PARAMOUNT ACQUISITION CORP.
Paramount Acquisition Corp. is a Specified Purpose Acquisition Company(TM) that was formed for the specific purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with an operating business in the healthcare industry. Paramount raised net proceeds of approximately $53 million through its initial public offering consummated in October 2005 and exercise of the over-allotment option, and has dedicated its attention since the offering to seeking and evaluating business combination opportunities.
Paramount Acquisition Corp. is an affiliate of Paramount BioSciences, LLC, which focuses primarily on the development of promising in-licensed drug candidates. Founded in 1991 by Lindsay A. Rosenwald, M.D., Paramount BioSciences is a unique drug development and health care financial company that, with the assistance of its affiliated life sciences merchant bank, has created approximately 50 start-up companies over the past fifteen years, about half of those over the past four years alone. Since its inception, Paramount BioSciences and its affiliated companies have been involved in the clinical development of more than seventy drug candidates -- several of which have reached the market -- and have over forty compounds in clinical development today. Paramount BioSciences has extensive experience in all facets of the development of emerging life sciences companies and provides its portfolio companies a wide range of professional and financial support services.
ABOUT CHEM RX
Founded more than 40 years ago, Chem Rx is the leading privately-owned long-term care pharmacy serving the New York City metropolitan area, as well as parts of New Jersey and Pennsylvania. Chem Rx's client base includes skilled nursing facilities and a wide range of other long-term care facilities. The Company provides to more than 60,000 residents prescription and non-prescription drugs, intravenous medications, durable medical equipment items and surgical supplies. Chem Rx's website address is www.chemrx.net.
Cautionary Statements
This press release contains forward-looking statements about Paramount. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are based upon the current beliefs and expectations of Paramount's management and are subject to risks and uncertainties that could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: compliance with government regulations; changes in legislation or regulatory environments, requirements or changes adversely affecting the health care industry, including changes in Medicare reimbursement policies; fluctuations in customer demand; management of rapid growth; intensity of competition; timing, approval and market acceptance of new product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks detailed in Paramount's filings with the SEC, including its Annual Report on Form 10-KSB for the year ended December 31, 2006. The information set forth herein should be read in light of such risks. Paramount does not assume any obligation to update the information contained in this press release.
STOCKHOLDERS OF PARAMOUNT AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, PARAMOUNT'S DEFINITIVE PROXY STATEMENT IN CONNECTION WITH THE SOLICITATION OF PROXIES FOR THE SPECIAL MEETING BECAUSE THIS PROXY STATEMENT WILL CONTAIN IMPORTANT INFORMATION.
The definitive proxy statement will be mailed to stockholders as of a record date to be established for voting on the transaction. Stockholders will also be able to obtain a copy of the definitive proxy statement, without charge, once available, at the SEC's Internet site http://www.sec.gov or by directing a request to Paramount Acquisition Corp., 787 7th Avenue, 48th Floor, New York, NY 10019. As a result of the review by the SEC of the preliminary proxy statement, Paramount may be required to make changes to its description of the Chem Rx's business or other information contained in the proxy statement.
Paramount, Chem Rx and their respective officers and directors may be deemed to be participants in the solicitation of proxies from Paramount's stockholders with respect to the transaction. More detailed information regarding the direct and indirect interests of Paramount, Chem Rx and their respective officers and directors in the proposed transaction are included in the proxy statement.
Contacts:
J. Jay Lobell Stephanie Carrington / Nick Laudico
Chief Executive Officer & Secretary The Ruth Group
Paramount Acquisition Corp. 646-536-7017 / 7030
(212) 554-4522 scarrington@theruthgroup.com
jlobell@paramountbio.com nlaudico@theruthgroup.com
SOURCE Paramount Acquisition Corp.
----------------------------------------------
J. Jay Lobell
Chief Executive Officer & Secretary of Paramount Acquisition Corp.
+1-212-554-4522
jlobell@paramountbio.com; or Stephanie Carrington
+1-646-536-7017
scarrington@theruthgroup.com
or Nick Laudico
+1-646-536-7030
nlaudico@theruthgroup.com
both of The Ruth Group
for Paramount Acquisition Corp.
CIRC .01 CirTran's Iehab Hawatmeh Takes Part in Chief Executive Magazine Round Table
Jun 20, 2007 8:29:00 AM
Copyright Business Wire 2007
SALT LAKE CITY--(BUSINESS WIRE)--
CirTran Corporation (OTCBB: CIRC), an international full-service contract manufacturer of IT, consumer and consumer electronics products, announced that Iehab J. Hawatmeh, its founder, chairman and president, took part in a Chief Executive Breakfast Roundtable Idea Exchange held yesterday) by Chief Executive Magazine at the Mandarin Oriental Hotel in New York City.
The "The New Logic of Off-Shoring Innovation and Engineering: What Works; What Doesn't" session was moderated by J.P. Donlon, the magazine's editor-in-chief.
Mr. Hawatmeh embodies the "Great American Dream," coming to the U.S. at the age of 17 to further his education and make his way in the world. Earning a Master's of Business Administration from University of Phoenix and a Bachelor's of Science in Electrical and Computer Engineering from Brigham Young University, he founded CirTran in 1993. Today, Mr. Hawatmeh oversees all daily operations including financial, technical, operational and sales functions for CirTran, which has manufacturing facilities in Salt Lake City and China.
"This was a great opportunity provided by Chief Executive Magazine for me to sit with other leaders of international businesses and to discuss the status and future of manufacturing-oriented companies both domestically as well as abroad," Mr. Hawatmeh said.
Roundtable participants included: Ron DeFeo, chairman and CEO, Terex Corporation; Gary Gereffi, professor, Department of Sociology, Duke University; Ed Kopko, chairman and CEO, Butler International; Jack Manning, vice president, Engineering Offshore Services, Butler Technical Services; Joseph McGrath, chairman and CEO, Unisys Corporation; Leif O'Leary, senior vice president-North American Channel, Parametric Technology Corporation; and Shivan Subramaniam, chairman and CEO, FM Global. Comprehensive coverage of the Roundtable will appear in the September issue of Chief Executive Magazine.
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTCBB: CIRT, www.CirTran.com) is a premier international full-service contract manufacturer. Headquartered in Salt Lake City, its ISO 9001:2000-certified, non-captive 40,000-square-foot manufacturing facility is the largest in the Intermountain Region, providing "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities while reducing costs and ensuring speedy time-to-market. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore Technology Corporation in 1997. Continuing to grow, in 2004 CirTran formed CirTran-Asia as a high-volume manufacturing arm and wholly owned subsidiary with its principal office in ShenZhen, China. Today, CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment, and household products manufacturing, focusing on the multi-billion-dollar direct response industry.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks are properties of their respective owners.
Source: CirTran Corporation
----------------------------------------------
CirTran Corporation
Iehab J. Hawatmeh
801-963-5112
iehab@cirtran.com
CHMD .07 China Media Group Corporation Announces Signing of Joint Venture Agreement for Advertising in Harbin, China
Jun 20, 2007 8:26:00 AM
BEIJING -- (MARKETWIRE) -- 06/20/07 -- China Media Group Corporation (OTCBB: CHMD) ("CMG") announces today that its subsidiary company Beijing Ren Ren Health Culture Promotion Limited ("BRR") has signed an agreement with Harbin Shengdong Decoration Advertising Ltd ("Harbin Shengdong") to establish a new joint venture company ("New JV") with a focus on outdoor advertising in the city of Harbin (Heilongjiang Province).
Both parties have reached an agreement in which BRR will invest RMB300,000 (representing 60% of registered capital) and Harbin Shengdong will invest RMB200,000 (representing 40% of the registered capital). All the existing business and assets, excluding any liabilities, of Harbin Shengdong will be transferred to the New JV at a price to be agreed upon by both parties.
Harbin Shengdong currently owns and operates 9 outdoor billboards with an annual revenue of approximately USD200,000 (RMB1,600,000).
Mr. Con Unerkov, Chairman of China Media Group Corporation, stated, "We are delighted to enter into this agreement with Harbin Shengdong. The establishment of this New JV is the commencement of China Media's operations in Harbin. Our initial plan is for the New JV at commencement to own the 9 outdoor billboards with existing customers / revenues."
About China Media Group Corporation:
China Media Group Corporation (OTCBB: CHMD) is a "Next Generation" advertising / media company focusing on the very lucrative Chinese market. It has offices in Beijing, Hong Kong and Texas, USA. The Company was incorporated in Texas on October 1, 2002. The Company is currently entering the fast growing advertising industry in China and plans to expand its offices in key cities such as Shanghai, Guangzhou and Shenzhen. The Company will also cooperate with strategic partners in other cities to serve our clients for nationwide advertising coverage.
Additional information concerning other areas and topics of China Media Group can be found on our web site at http://www.chinamediagroup.net
A number of statements contained in this Report are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain written statements in this press release constitute "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as "should result," "are expected to," "we anticipate," "we estimate," "we project," "we intend," or similar expressions are intended to identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include demand for our services, product development, our ability to maintain acceptable margins and control costs, the impact of federal, state and local regulatory requirements on our business, the impact of competition and the uncertainty of economic conditions in general, including the timely development and market acceptance of products, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and we undertake no obligation to publicly update these statements based on events that may occur after the date of this document.
Contact:
China Media Group Corporation
San Antonio, Texas
ir@chinamediagroup.net
CMCA .02 ComCam Validated as Motorola MOTOMESH(TM) Ready
Jun 20, 2007 8:25:00 AM
WEST CHESTER, Pa., June 20 /PRNewswire-FirstCall/ -- ComCam International, a developer of video networking solutions and a subsidiary of ComCam Inc. (Pink Sheets: CMCA), announced today that Motorola Inc. has tested and validated ComCam IP-based Video Surveillance Software, MicroServers, and IP camera products as "MOTOMESH(TM) ready."
MOTOMESH(TM) ready solutions offer wireless access "anytime, anywhere" to mission-critical data for first responders: police, ambulance, fire, military personnel. Motorola's mesh network architecture, originally designed for battlefield communications, uses Multi-Hopping(TM) technology to allow client devices to become the network. Intelligent routing enables connectivity at high vehicular speeds, and client ad-hoc networking with built-in position location capabilities.
Says ComCam CEO Don Gilbreath, "Imagine a governor on the move being able to view an incident live from the responders' perspective before local or cable news networks show up. This ability is not only possible but also affordable for city, state, federal and commercial venues. ComCam technology is encountered in wearable, in-vehicle, rapid deployment, robotic, and fixed configurations using ComCam C3, PocketC3(TM) and VideoLocker(TM). Additionally these applications have been tied into satellite, aviation, and marine maps for situational awareness. These products are a reality today."
ComCam develops network video command-and-control products and provides solutions and technical services to U.S. government agencies, Fortune 500 companies, research facilities and original equipment manufacturers, systems integrators and dealers worldwide. Its vision is to augment technologies not only to communicate better with each other but also to enhance human communications employing these technologies. PocketC3(TM) and VideoLocker(TM) are trademarks of ComCam International Inc. All other trademarks or registered trademarks belong to Motorola.
A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including timely development, market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that ComCam may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. ComCam encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. ComCam's public filings may be viewed at http://www.sec.gov.
Contact:
David Rosen
V.P., Corporate Development
ComCam International, Inc.
Tel. 610.436.8089
drosen@comcam.net
http://www.comcam.net
SOURCE ComCam Inc.
----------------------------------------------
David Rosen
V.P.
Corporate Development
ComCam International
Inc.
+1-610-436-8089
drosen@comcam.net
TOOT .72 Tootie Pie Company Increases Sales to US Foods
Jun 20, 2007 8:05:00 AM
Copyright Business Wire 2007
BOERNE, Texas--(BUSINESS WIRE)--
The Tootie Pie Company, Inc. (OTCBB: TOOT), a premium baker and seller of high-quality, handmade pies; is pleased to announce that, as a result of attending its first ever US Foods sales meeting, it has sold more pies to US Foods customers in the last 30 days, than for the entire 2006 twelve month period.
Also, the Tootie Pie Company is pleased to announce that the Hilton Palacio Del Rio, in San Antonio, Texas, has begun carrying Tootie Pies throughout the hotel. This sale resulted from the combined efforts of Tootie Pie Company and US Foods. Hilton Palacio Del Rio Executive Chef James Bocanegra, said "We would normally not even consider an outside source for our desserts, as we make all our desserts in house. But the fact is, Tootie Pies taste like they were made by our pastry chef; and we want our customers to have the very best desserts possible."
Don Merrill, President and CEO of Tootie Pie Company said, "Having products that are good enough to open new sales channels is extremely valuable; and rare. Today's news is further proof that our pies are opening these channels and, therefore, building the value of the Tootie Pie Company brand."
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of regional and national broad-line foodservice distributors who purchase pies and then resell them to their customers. Current distributors are Ben E. Keith Foodservices, Sysco Foodservices & US Foods. For additional information, or to receive emails from us, please visit www.tootiepieco.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "believe," "expect," "should," "intend," "estimate," and "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
Source: The Tootie Pie Company, Inc.
----------------------------------------------
Jeff Bailey
210-237-4751
VP of Corporate Development
Jeff.Bailey@tootiepieco.com
MOC 3.03 Command Security Corporation Reports Fourth Quarter and Year-End Results
Annual Revenues Increase 10 Percent - Returns to Profitability
Jun 20, 2007 8:01:00 AM
Copyright Business Wire 2007
LAGRANGEVILLE, N.Y.--(BUSINESS WIRE)--
Command Security Corporation (AMEX:MOC) announced today results for the fourth quarter and year ended March 31, 2007.
Revenues for the three months ended March 31, 2007 increased $2,549,630, or 12.2%, to $23,513,197, compared with revenues of $20,963,567 in the same period of the prior year. Net income applicable to common stockholders increased $1,008,035 to $635,585, or $0.06 per share, compared with a net loss of $372,450, or $0.04 per share, in the same period of the prior year.
Revenues for the year ended March 31, 2007 increased $8,613,931, or 10.1%, to $93,822,546, compared with revenues of $85,208,615 in the same period of the prior year. Net income applicable to common stockholders increased $1,339,634 to $1,240,039, or $0.12 per share, as compared with a net loss of $99,595, or $0.01 per share, in the same period of the prior year.
The increase in revenues for the three and twelve month periods was primarily due to expanded services to both new and existing airline customers including new airport locations in Pittsburgh, Pennsylvania, Oakland, California, and Seattle, Washington; and the purchase of a non-airline related security services business in Florida. Net income for both the three months and year ended March 31, 2007 include a tax benefit of $450,000 related to the Company's recognition of a portion of its deferred tax assets.
Barry I. Regenstein, President, stated "We are extremely pleased that we have met our stated goals of continuing growth and returning Command Security to profitability. Our plan is to continue, if not accelerate, our growth in both segments of our business while enhancing profitability. The key elements of our plan include organic growth through the expansion of services and service offerings; strategic acquisitions that are accretive in both new and existing markets; expanding our cost-reduction programs; and continuing our efforts to improve the quality of service provided to our loyal customers and business partners. We believe that the quality of our service is our distinguishing characteristic in the security marketplace. The emphasis on quality and the recognition of our quality will be important to both our growth and improved profitability."
Command Security Corporation provides aviation and security officer services through over thirty company-owned offices in California, Connecticut, Delaware, Florida, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, New York, Oregon, Pennsylvania and Washington.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the Company to successfully commercialize its new technologies as well as risk factors set forth under "Risk Factors" in the Company's annual report on Form 10-K for the fiscal year ended March 31, 2006, and such other risks detailed from time to time in the Company's periodic and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For more information concerning the Company, please refer to its website at www.commandsecurity.com and to the Edgar website www.sec.gov/edgar.shtml.
COMMAND SECURITY CORPORATION
Three Months Ended Fiscal Year Ended
March 31, March 31,
(Audited) (Audited)
----------------------------------------------------------------------
2007 2006 2007 2006
-------------------===================================================
Revenues $23,513,197 $20,963,567 $93,822,546 $85,208,615
----------------------------------------------------------------------
Operating income
(loss) 338,404 (418,334) 1,134,598 8,145
----------------------------------------------------------------------
Income (loss)
before income
taxes 185,585 (438,845) 790,039 (165,990)
----------------------------------------------------------------------
Benefit for income
taxes 450,000 66,395 450,000 66,395
----------------------------------------------------------------------
Net income (loss) 635,585 (372,450) 1,240,039 (99,595)
----------------------------------------------------------------------
Net income (loss)
per common share
Basic $ 0.06 ($0.04) $ 0.12 ($0.01)
Diluted $ 0.06 ($0.04) $ 0.12 ($0.01)
----------------------------------------------------------------------
Weighted average
number of common
shares
outstanding
Basic 10,137,970 10,135,303 10,137,970 8,834,952
Diluted 10,711,843 10,541,292 10,620,756 9,646,915
----------------------------------------------------------------------
Balance Sheet Highlights March 31, 2007 March 31, 2006
----------------------------------------------------------------------
(Audited) (Audited)
----------------------------------------------------------------------
----------------------------------------------------------------------
Cash $ 220,040 $ 32,243
----------------------------------------------------------------------
Accounts receivable 17,978,737 13,804,100
----------------------------------------------------------------------
Total current assets 22,184,356 16,848,929
----------------------------------------------------------------------
Total assets 25,329,577 18,113,299
----------------------------------------------------------------------
Total current liabilities 15,670,693 10,011,184
----------------------------------------------------------------------
Short-term debt 8,734,119 3,436,354
----------------------------------------------------------------------
Long-term debt 5,902 27,957
----------------------------------------------------------------------
Stockholders' equity 9,103,836 7,624,697
----------------------------------------------------------------------
Total liabilities and stockholders'
equity $ 25,329,577 $ 18,113,299
----------------------------------------------------------------------
Source: Command Security Corporation
----------------------------------------------
Bibicoff & Associates
Inc.
Terri MacInnis
Director of Investor Relations
Phone: (818) 379-8500
Email: terrimac@bibicoff.com
RNCH .88 Rancher Energy Corp. Selects Trigon EPC and Nicholas Consulting Group to Support CO2 Recovery Program at Powder River Basin Fields
Jun 20, 2007 8:00:00 AM
DENVER, June 20 /PRNewswire-FirstCall/ -- Rancher Energy Corp. (OTC Bulletin Board: RNCH) today announced that it has selected two contractors to conduct front-end design work on a CO2 pipeline and surface facilities related to the Company's enhanced oil recovery program in the Powder River Basin.
Pipeline engineering consultant Trigon EPC, LLC and surface facilities contractor Nicholas Consulting Group, Inc. (NCG) will conduct front-end engineering and design (FEED) studies as the first step in a program that is planned to include construction of CO2 infrastructure and a pipeline connecting the Company's fields with a CO2 pipeline operated by Anadarko Petroleum.
John Works, President & CEO of Rancher Energy, said, "The selections of Trigon and NCG are important milestones in the Company's plans to use CO2 flooding to develop three fields in the southwest corner of Wyoming's Powder River Basin -- the South Glenrock B, Cole Creek South and Big Muddy fields. Details on routing, timetable and financial arrangements for the pipeline and surface facilities are being planned.
"The addition of Trigon and NCG to the Rancher Energy team and commencement of these two FEED studies represent continuing progress toward our goal of enhancing production at all three of our fields," Works added. "Trigon and NCG are premier firms in their respective disciplines, with strong track records of completing projects on time and on budget for many of the nation's largest energy companies. We look forward to moving forward expeditiously on this critical phase of our business plan."
Following completion of successful private placements that raised approximately $88 million in equity capital in late 2006 and early 2007, Rancher Energy acquired the South Glenrock B, Big Muddy and Cole Creek South fields. In the same time frame the Company secured a long-term CO2 supply agreement with Anadarko Petroleum. The Company is planning to obtain financing for development of its fields and related infrastructure.
About Rancher Energy Corp.
Rancher Energy is an innovative oil & gas exploration & development company with a targeted strategy to reinvigorate older, historically productive oil fields in the hydrocarbon-rich Rocky Mountain region of the United States. Using CO2 injection coupled with other leading edge hydrocarbon recovery techniques, including 3-D seismic data and directional drilling, Rancher Energy expects to extract proven in-place oil that remains behind in mature fields. Rising energy demand and strong oil & gas prices combined with advances in oil recovery have made this strategy profitable. Rancher Energy is taking advantage of this convergence by acquiring low risk, high quality, historically productive plays with under-exploited reserves and developing customized enhanced recovery strategies to maximize production.
About Trigon EPC, LLC
Trigon EPC is an engineering consulting firm that provides clients with quality engineering services for pipelines and related facilities, specializing in products for the crude oil, refined products, natural gas and energy industries. Founded in 1981, Trigon has completed more than 14,000 miles of gathering and transmission pipelines, more than 300,000 horsepower of natural gas compression and liquids pump stations, and hundreds of related facilities projects throughout the United States. Trigon's preliminary engineering work, including feasibility studies, conceptual design, cost and schedule estimating, ROW acquisition, environmental permitting, and routing, is unparalleled in the industry.
About Nicholas Consulting Group, Inc.
Nicholas Consulting Group (NCG) is a general engineering, design and construction organization providing grass roots facilities, plant expansions, revamps, retrofits, pipelining and in-plant services. NCG serves more than 50 clients across the US in the petrochemical, chemical, petroleum refining, oil and gas production, gas processing and water treating industries. The Company specializes in civil, structural, process, mechanical, power and control disciplines. Headquartered in Midland, Texas, the Company is capable of executing select projects throughout the US, offshore and in many foreign countries.
SOURCE Rancher Energy
----------------------------------------------
Jay Pfeiffer of Pfeiffer High Investor Relations
Inc.
+1-303-393-7044
for Rancher Energy; or Dan Foley
Chief Financial Officer of Rancher Energy Corp.
+1-303-928-7754
LOL...same here
ENTU 4.20 Entrust Senior Vice President Kevin Simzer to Speak at CSO Executive Management Seminar on Identity Management: Protecting Identities With a Layered Security Approach
Jun 20, 2007 8:00:00 AM
DALLAS, June 20 /PRNewswire-FirstCall/ -- Entrust, Inc. (Nasdaq: ENTU) Senior Vice President Kevin Simzer will present "Protecting Identities with a Layered Security Approach" at the CSO Executive Seminar on Identity Management on Wednesday, June 20 at 1:05 p.m. EDT at Grand Hyatt New York in New York, N.Y.
Simzer will demonstrate how organizations that successfully secure their environments stand to reap higher customer confidence, greater efficiency with trusted sharing of data and communications, as well as peace of mind knowing their brand is protected from potential data breach or fraud attacks. The presentation will leverage real-world examples and explore a layered security approach that combines solutions to secure the most common pain points in an organization -- SSL, fraud detection, authentication, shared data, mobile data and e-mail security. This model also creates operational efficiencies that reduce help-desk calls, infrastructure maintenance and vendor management.
"Layered security models are the most innovative approaches to ensuring that weaknesses in consumer, enterprise or government security infrastructure are not exploited," said Simzer. "These strategies addresses specific challenges that organizations face as information protection, data breaches, regulatory compliance and industry pressure become paramount for today's CSOs and CSIOs."
The CSO Executive Seminar on Identity Management will examine the security demands placed on organizations, and how they can address those demands with enterprise identity management solutions. With the help of leading experts and practitioners, the seminar will examine the benefits and challenges, take a look at a case study of an implementation, and look at how to make a business case for adopting these solutions.
About Entrust
Entrust (Nasdaq: ENTU) secures digital identities and information for governments, enterprises and consumers in 1,650 organizations spanning 60 countries. Entrust leverages a layered security approach to address the growing risks to governments and enterprises worldwide. Our layered solutions help secure the most common digital identity and information protection pain points in an organization. These solutions include SSL, authentication, fraud detection, digital certificate management, shared data protection and e-mail security. For information, call 888-690-2424, e-mail entrust@entrust.com or visit http://www.entrust.com.
Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Limited. All Entrust product names are trademarks or registered trademarks of Entrust, Inc. or Entrust Limited. All other company and product names are trademarks or registered trademarks of their respective owners.
SOURCE Entrust, Inc.
----------------------------------------------
Brooke Hamilton
Media Relations of Entrust
Inc.
+1-972-713-5915
brooke.hamilton@entrust.com
TRBD .042 Turbodyne Targets $11 Billion Marine Air Handling Market With Its AirFlow-M(TM)
Jun 20, 2007 8:00:00 AM
VENTURA, Calif., June 20 /PRNewswire-FirstCall/ -- Turbodyne Technologies, Inc. (OTC Bulletin Board: TRBD) announced today that it has developed a unique multi-function air handling system for diesel marine vessels. The Turbodyne AirFlow-M(TM) system provides improved diesel engine performance in hot and humid weather and forced-air cabin and bilge heating in cold weather. The Turbodyne AirFlow-M(TM) is based on the company's patent-pending TurboFlow(TM) air handling system. The heart of the system is the high-performance, light weight and compact TurboFlow (TM) radial air compression system.
With an estimated 2.2 million registered recreational diesel boats in the U.S., and an equal number of commercial vessels, there is a sizeable addressable market for marine air-handling units, with the refit market overshadowing the new-build market. With an addressable market of over $11 billion dollars, the Company's business model projects sales of approximately $100 million over the next three years.
According to Albert Case, CEO and president, "This market represents a significant opportunity for Turbodyne. There are tens of thousands of yachts and commercial vessels in the United States, and internationally that operate in hot climates. And, it's a known fact that higher temperatures significantly decrease diesel engine performance. Likewise, there are vessels that operate in cold climates, or remain in-water during the cold season. All of which can take advantage of the Turbodyne AirFlow-M(TM)."
Marine diesel engine performance degrades in hot, humid weather. High ambient air temperature combined with the effects of a closed engine room compound the problems for many vessels. Alleviating the problem involves circulating cooler air through the engine room.
The Turbodyne AirFlow-M(TM) compressor is a high-volume air handling system capable of moving 200 to 500 cubic-feet of air per minute, which means that it can completely cycle the air in the engine room of a 46 foot yacht in two minutes. Coupled with a raw-water cooled heat sink, and an on-demand fresh-water pre-heater, 20 to 50 degree drops in engine room temperature can be achieved, enabling more dense air with higher oxygen content per liter of air which translates into greater engine acceleration and top-end performance.
This is a significant benefit to normally aspirated or turbocharged and supercharged diesel engines.
Like a traditional electric heat pump, the Turbodyne AirFlow-M(TM) system can be reversed in cold weather to provide cabin, engine room and bilge warming to prevent freezing.
Unlike typical resistance heat (electric heating coil) or electric heat pump systems, the Turbodyne AirFlow-M(TM) system uses the natural "waste heat" inherent in high velocity air compression systems to both heat the air, and distribute it, saving considerable energy in the process over resistance heating element based systems.
Turbodyne plans to market the AirFlow-M(TM) through distribution partners in the marine industry.
Contact:
Albert F. Case Jr.
805-201-3133
http://www.turbodyne.com
About Turbodyne Technologies, Inc.
Turbodyne Technologies, Inc. (OTC Bulletin Board: TRBD) is a developer of patented electrically powered air movement and propulsion components that are engineered to promote lower fuel consumption and address higher emission standards for hybrid, gas and diesel internal combustion engines.
Their patented TurboPac(TM) design reduces diesel pollution, eliminates turbo-lag in gas and diesel engines and increases fuel economy through both engine downsizing for hybrid, gas and diesel applications as well as low-rpm fuel burn optimization for diesel trucks and busses.
The TurboFlow(TM) design provides computer-controlled, variable high pressure, high volume air movement in a small, lightweight, low power package for a variety of applications from inflatable boat inflation and HVAC air movement to forced air induction for internal combustion engines.
The information in this release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined in the Risk Factors in other reports the Company files with the SEC. These factors may cause the Company's actual results to differ materially from any forward-looking statement. The Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
SOURCE Turbodyne Technologies, Inc.
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Albert F. Case Jr. of Turbodyne Technologies
Inc.
+1-805-201-3133