Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just follow the instructions of the Company and TaskForce.
Just follow the instructions of the Company and TaskForce.
Wastech, Inc. Files Administrative Protest and Appeal on $28 Million Winning Bid in Gulf Coast Region
Wednesday May 31, 12:32 pm ET
CHARLESTON, S.C., May 31, 2006 (PRIMEZONE) -- Wastech, Inc. (Other OTC:WTCH.PK - News) (the ``Company'') today announced that it has filed a formal protest with the Office of State Purchasing (OSP) for the State of Louisiana and a timely subsequent appeal to the Commissioner of Administration (Commissioner) challenging the decision not to award Wastech, the lowest bidder, the contract for the reclamation of vehicles, vessels and trailers damaged by Hurricanes Katrina and Rita in southern Louisiana. The bid solicitation, No. 2207210, may be viewed at: http://wwwsrch2.doa.state.la.us/osp/lapac/altview.asp?bidtype=3&bidno=2207210.
On May 5, 2006, the Company submitted a bid in the amount of $28,788,900. On May 8, 2006, the Company was notified that its bid was the lowest, but was also advised that the OSP felt there was ``possibly'' a technical departure from form in the letter confirming the commitment of the Company's surety to provide the required performance bond within seven (7) days of the award of the contract. The Company immediately provided a new letter of commitment to resolve the OSP's concerns. Nonetheless, on May 17, 2006, the OSP notified the media that it intended to award the contract to the second-lowest bidders, DRC, Inc., (``DRC'') at a price of approximately $33.8 million. See Link: http://www.nola.com/search/index.ssf?/base/library-102/114784630860150.xml?nola.
ADVERTISEMENT
Mr. Richard D. Tuorto, President and Chief Executive Officer of Wastech, has stated: ``Not only was the 'winning' bid more than $5 million in excess of the Company's bid, but, ironically, the letter of commitment from DRC's surety, which was dated May 8, 2006, three days after the opening of bids, was so technically deficient that it failed to provide any of the information required by the OSP. Furthermore, almost immediately after the OSP disclosed its intent to award the contract, DRC's purported partner, Southern Scrap Material, Inc., publicly disavowed any relationship with DRC. Despite these considerable irregularities, the OSP issued a letter, dated May 18, 2006, confirming its intent to award the contract to DRC.'' See http://www.nola.com/search/index.ssf?/base/news-0/1147969514145130.xml?nola.
The formal protest was denied by the OSP on May 23, 2006, and the Company timely filed its appeal to the Commissioner on May 30, 2006. The appeal is currently pending before the Commissioner
As further commented by Mr. Tuorto, ``The Company is shocked, and unfortunately suspicious, at the State's arbitrary actions and can find no reasonable explanation for either the State's failure to award the bid to Wastech or the undue favoritism shown DRC. The Company has spent many months seeking contracts in the devastated Gulf Coast region. On May 5th it accomplished that goal in southern Louisiana. I plan to fight for the Company, and all taxpayers, to see that we receive what we have fairly earned.''
While Wastech is mindful that the damaged regions need this work to be performed as soon as possible, it is also essential that the bidding process be fair and transparent and that the taxpayers' money be spent responsibly. Therefore, the Company is prepared to exhaust all remedies, administratively, at law, and in equity, to protect the rights of its shareholders and the taxpayers at large.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be ``forward-looking statements'' that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe Wastech's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond Wastech's control, will affect actual results. Wastech undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with Wastech's annual report on Form 10-KSB for the fiscal years ended December 31, 2002, 2001, and other filings with the U.S. Securities and Exchange Commission.
Contact:
Wastech, Inc.
(843) 805-6620
WTCH=Wastech, Inc. Files Administrative Protest and Appeal on $28 Million Winning Bid in Gulf Coast Region
Wednesday May 31, 12:32 pm ET
CHARLESTON, S.C., May 31, 2006 (PRIMEZONE) -- Wastech, Inc. (Other OTC:WTCH.PK - News) (the ``Company'') today announced that it has filed a formal protest with the Office of State Purchasing (OSP) for the State of Louisiana and a timely subsequent appeal to the Commissioner of Administration (Commissioner) challenging the decision not to award Wastech, the lowest bidder, the contract for the reclamation of vehicles, vessels and trailers damaged by Hurricanes Katrina and Rita in southern Louisiana. The bid solicitation, No. 2207210, may be viewed at: http://wwwsrch2.doa.state.la.us/osp/lapac/altview.asp?bidtype=3&bidno=2207210.
On May 5, 2006, the Company submitted a bid in the amount of $28,788,900. On May 8, 2006, the Company was notified that its bid was the lowest, but was also advised that the OSP felt there was ``possibly'' a technical departure from form in the letter confirming the commitment of the Company's surety to provide the required performance bond within seven (7) days of the award of the contract. The Company immediately provided a new letter of commitment to resolve the OSP's concerns. Nonetheless, on May 17, 2006, the OSP notified the media that it intended to award the contract to the second-lowest bidders, DRC, Inc., (``DRC'') at a price of approximately $33.8 million. See Link: http://www.nola.com/search/index.ssf?/base/library-102/114784630860150.xml?nola.
ADVERTISEMENT
Mr. Richard D. Tuorto, President and Chief Executive Officer of Wastech, has stated: ``Not only was the 'winning' bid more than $5 million in excess of the Company's bid, but, ironically, the letter of commitment from DRC's surety, which was dated May 8, 2006, three days after the opening of bids, was so technically deficient that it failed to provide any of the information required by the OSP. Furthermore, almost immediately after the OSP disclosed its intent to award the contract, DRC's purported partner, Southern Scrap Material, Inc., publicly disavowed any relationship with DRC. Despite these considerable irregularities, the OSP issued a letter, dated May 18, 2006, confirming its intent to award the contract to DRC.'' See http://www.nola.com/search/index.ssf?/base/news-0/1147969514145130.xml?nola.
The formal protest was denied by the OSP on May 23, 2006, and the Company timely filed its appeal to the Commissioner on May 30, 2006. The appeal is currently pending before the Commissioner
As further commented by Mr. Tuorto, ``The Company is shocked, and unfortunately suspicious, at the State's arbitrary actions and can find no reasonable explanation for either the State's failure to award the bid to Wastech or the undue favoritism shown DRC. The Company has spent many months seeking contracts in the devastated Gulf Coast region. On May 5th it accomplished that goal in southern Louisiana. I plan to fight for the Company, and all taxpayers, to see that we receive what we have fairly earned.''
While Wastech is mindful that the damaged regions need this work to be performed as soon as possible, it is also essential that the bidding process be fair and transparent and that the taxpayers' money be spent responsibly. Therefore, the Company is prepared to exhaust all remedies, administratively, at law, and in equity, to protect the rights of its shareholders and the taxpayers at large.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be ``forward-looking statements'' that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe Wastech's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond Wastech's control, will affect actual results. Wastech undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with Wastech's annual report on Form 10-KSB for the fiscal years ended December 31, 2002, 2001, and other filings with the U.S. Securities and Exchange Commission.
Contact:
Wastech, Inc.
(843) 805-6620
Just follow the instructions of the Company and TaskForce.
Just follow the instructions of the Company and TaskForce.
Lets see what we merge into. ;)
TENGE-10k out-looking good with profits doubled. Oil and gas play.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2006%5C05%5C22%5CEDGARNew...
10k Out
Looks good=Profits doubled
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2006%5C05%5C22%5CEDGARNew...
dk,
The only thing that could save this stock is for QBID to go to a gay news channel and incorporate all the other stuff. Gay people have money but they don't like to spend it. It should have been a free service from the beginning. The company was too homophobic imo.
dk,
I think the biggest mistake by Frank Olson and company was their own homophobia. They should have brought QTelevision out like Logo. A free non subscription network. That's what killed them.
WTCH-Wastech, Inc. Announces Appointment to Board of Directors
CHARLESTON, S.C., May 25, 2006 (PRIMEZONE via COMTEX) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company") today is pleased to announce the appointment of Mr. Douglas Holsted to the Board of Directors. Mr. Holsted was appointed on May 24, 2006, without objection, via nomination by the Company's largest shareholder, Environmental Energy Services, Inc. (Pink Sheets:EESV). Mr. Holsted has also agreed to act as interim Chief Financial Officer until he has had a chance to thoroughly inspect the books and record of the Company.
Douglas C. Holsted has served as a member of EESV's board of directors from September 1997 to September 2000 and from October 1, 2003 to the present. Mr. Holsted is also the President of Environmental Energy. From 1999 to the present, Mr. Holsted has operated a private accounting and tax practice in Oklahoma. From January 1996 to May 26, 1999, Mr. Holsted was the Chief Executive Officer of Sales Equipment Company in Oklahoma City, Oklahoma, which was in the business of distributing equipment in the pressurized gas industry. From 1991 through 1995, he was the Chief Financial Officer of The Dwyer Group, Inc. of Waco, Texas, a publicly owned company in the franchise industry. Mr. Holsted is a certified public accountant licensed in the State of Oklahoma.
EESV obtained the right to such nominee pursuant to Wastech's assignment of that certain Stock Purchase Agreement, dated September 2002, as amended, with the Company's predecessor, wherein $2,500,000 was and continues to be invested in the Company through February 2008. A summary of the transaction may be viewed at the following link: http://www.sec.gov/Archives/edgar/data/868074/000086807404000001/cv8ka.htm as well as previous press releases. Environmental Energy has the right to an additional nominee pending previously announced funding commitments.
Mr. A. Leon Blaser, Ph.D., President and CEO of EESV and advisory Board member to Wastech commented: "Bringing the financials current is the most pressing objective for Wastech. Mr. Holsted has a proven track record in restructured companies such as Wastech and is unquestionably the right man for the job."
WTCH-Wastech, Inc. Announces Appointment to Board of Directors
CHARLESTON, S.C., May 25, 2006 (PRIMEZONE via COMTEX) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company") today is pleased to announce the appointment of Mr. Douglas Holsted to the Board of Directors. Mr. Holsted was appointed on May 24, 2006, without objection, via nomination by the Company's largest shareholder, Environmental Energy Services, Inc. (Pink Sheets:EESV). Mr. Holsted has also agreed to act as interim Chief Financial Officer until he has had a chance to thoroughly inspect the books and record of the Company.
Douglas C. Holsted has served as a member of EESV's board of directors from September 1997 to September 2000 and from October 1, 2003 to the present. Mr. Holsted is also the President of Environmental Energy. From 1999 to the present, Mr. Holsted has operated a private accounting and tax practice in Oklahoma. From January 1996 to May 26, 1999, Mr. Holsted was the Chief Executive Officer of Sales Equipment Company in Oklahoma City, Oklahoma, which was in the business of distributing equipment in the pressurized gas industry. From 1991 through 1995, he was the Chief Financial Officer of The Dwyer Group, Inc. of Waco, Texas, a publicly owned company in the franchise industry. Mr. Holsted is a certified public accountant licensed in the State of Oklahoma.
EESV obtained the right to such nominee pursuant to Wastech's assignment of that certain Stock Purchase Agreement, dated September 2002, as amended, with the Company's predecessor, wherein $2,500,000 was and continues to be invested in the Company through February 2008. A summary of the transaction may be viewed at the following link: http://www.sec.gov/Archives/edgar/data/868074/000086807404000001/cv8ka.htm as well as previous press releases. Environmental Energy has the right to an additional nominee pending previously announced funding commitments.
Mr. A. Leon Blaser, Ph.D., President and CEO of EESV and advisory Board member to Wastech commented: "Bringing the financials current is the most pressing objective for Wastech. Mr. Holsted has a proven track record in restructured companies such as Wastech and is unquestionably the right man for the job."
Irish, Lets see what they do with the shell. BTW:Never put all your eggs in one basket-DIVERSIFY
QBID-Defunct-COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Q Television Network Signal Terminated
BURBANK, CA, May 25, 2006 (MARKET WIRE via COMTEX) -- Triangle Multi-Media Limited (PINKSHEETS: QBID) and its wholly owned subsidiary the Q Television Network (QTN) announced today that Q Television Network is no more. Effective 5:30pm Central time, the Q Television Network signal broadcasting programming was shut down. Previously, the entire Q Television Network staff had been terminated.
Chairman and CEO Lloyd Fan stated that he was unable to secure funding for the network and therefore unable to meet the financial obligations of the company. "When I took over control of the network on March 7, 2006, the company was roughly 7 million dollars behind in payments to vendors; numerous lawsuits had been filed against the company and over $600,000 was owed to former employees. The financial challenges that the network faced proved too difficult and I was simply unable to turn around the network." Mr. Fan added, "Given the GLBT demographic and the success the network had experienced in distribution, I thought securing funding would be easy -- I was wrong. I am deeply disappointed that the network failed. Many talented people devoted themselves to saving the network and it is sad that it has come to this end.
"I would like to thank the cable affiliates, our uplink provider, all the vendors and the staff that supported my takeover. I had hoped to make good on all the debts incurred and owed by the former management team and truly thought that the new team, with proper funding, could make Q Television Network a success. My sincere apologies to all individuals and businesses that have suffered because of their affiliation with Q Television Network." A full forensic accounting and bankruptcy proceedings will follow.
About Q Television Network:
Q Television Network is a 100% wholly owned subsidiary of Triangle Multi-Media. This 24/7, premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public.
The company's programming is available on a subscription basis to those desiring to subscribe. The monthly fee varies by region of the country. The network is telecast 24 hours per day, 7 days per week and features a variety of live and original programming. Q Television is available on such blue-chip cable systems as Time Warner, Cox Communications and RCN, among others, with availability approaching 3 million digital cable households in the U.S. Q Television Network is the official network of Gay Games(R) VII. The network is also ad-supported. For further information on programming and subscriptions, please visit www.qtelevision.com.
Oh well, you win some and you lose some. Lesson. Never put all your eggs in one basket.
Seeing is believing.
What is this:
http://nvstockexchange.com/nvse.htm
Just follow the instructions of the company and TaskForce.
Very last time: POPE Urban;
Consequently 25 May is the day of the burial of Urban in this catacomb. As the same martyrology contains under the date of 19 May (XIV kal. Jun.) a long list of martyrs headed by the two Roman martyrs Calocerus and Partenius, who are buried in the Catacomb of St. Callistus, and including an Urban, this Urban is apparently the foreign bishop of that name who lies buried in the same catacomb.
Today CMKM/CIM enters Gemini along with its rulling planet Mercury. Gemini being an Air sign with Mercury effets communication with CMKM/CIM. Venus will be approaching from Aries, a fire sign, which will be monumental for the company. Cancer , a water sign, will flow with news shortly by pushing the energy just passed from Taurus, an Earth sign. The power of Jupiter in a couple of months with rip-roaring Leo will be proceeded by the transits of Vest and Juno. Expect the benefits of the two transits and enjoy them.
News: IMPART Media Group to Change Advertising Revenue Recognition Practices of Acquired Business
By PR Newswire
Last Update: 5/19/2006 12:05:37 PM
Data provided by
SEATTLE, May 19, 2006 /PRNewswire-FirstCall via COMTEX/ -- IMPART Media Group, Inc. (IMMG), an innovator in the creation of out-of-home digital advertising content and information network management, announced today that it has changed the manner in which it records advertising revenue for its newly- acquired E&M Media Advertising (E&M) business, however the change does not affect profitability. For over twenty years E&M recognized revenue from its media placements on a gross basis, recording the total dollar amount of the media placements it sold to its customers. In connection with an accounting audit of E&M's 2005 financial statements which were filed with the Securities and Exchange Commission (IMPART Form 8-K/A filed on May 17th), IMPART began recognizing advertising revenue using the more conservative net basis, recording only the net amount it receives from the purchase and sale of media placements. As a result of the change E&M's revenues for the year ended December 31, 2005 were approximately $5 million, which was derived from media placements of $39 million, the amount of revenue that would have been recognized using the gross method. The change will be reflected in the Company's soon to be announced first quarter 2006 financial results. IMPART acquired New York-based E&M Advertising, specialists in branded direct response advertising, in March of this year. Past and current E&M clients include A.A.R.P., Applica/Black & Decker, Arista Records, Globe Insurance, Lowestfare.com, Novartis, Premera Blue Cross of Washington, Rodale Books, Showtime, Universal Studios Home Video, 1-800 Flowers.com, and others.
IMPART Chairman and CEO Joseph F. Martinez stated, "We have made great progress integrating E&M into the IMPART fold and as part of that process we opted to take a more conservative approach in our revenue recognition policies that more closely aligns with our core business. Although this more conservative approach does change E&M's top line revenue number, their advertising bookings for 2005 will be approximately $40 million and more importantly, bottom line net revenue remains unchanged." Martinez added, "As we continue our transformation to a media focused company, we will rely on the expertise of our advisors for support in interpreting GAAP policies for our business in the rapidly emerging and continually evolving out-of-home media sector."
About IMPART Media Group, Inc.
IMPART Media Group, Inc., headquartered in Seattle, Washington, is a rapidly expanding digital signage leader in the emerging out-of-home media sector. The company is seeking to create a broad, integrated one-stop communications media company focused on digital signage and networked advertising offerings for leading brands in industries such as retail, grocery, banking, restaurants, hospitality, government and public spaces, among others. The company's digital media solutions enable the simultaneous delivery of video content to a variety of remote audiences in real time, allowing for immediate customization of messages through a centralized network operations center. More information please visit: www.impartmedia.com.
IMMG: IMPART Media Group to Change Advertising Revenue Recognition Practices of Acquired Business
By PR Newswire
Last Update: 5/19/2006 12:05:37 PM
Data provided by
SEATTLE, May 19, 2006 /PRNewswire-FirstCall via COMTEX/ -- IMPART Media Group, Inc. (IMMG), an innovator in the creation of out-of-home digital advertising content and information network management, announced today that it has changed the manner in which it records advertising revenue for its newly- acquired E&M Media Advertising (E&M) business, however the change does not affect profitability. For over twenty years E&M recognized revenue from its media placements on a gross basis, recording the total dollar amount of the media placements it sold to its customers. In connection with an accounting audit of E&M's 2005 financial statements which were filed with the Securities and Exchange Commission (IMPART Form 8-K/A filed on May 17th), IMPART began recognizing advertising revenue using the more conservative net basis, recording only the net amount it receives from the purchase and sale of media placements. As a result of the change E&M's revenues for the year ended December 31, 2005 were approximately $5 million, which was derived from media placements of $39 million, the amount of revenue that would have been recognized using the gross method. The change will be reflected in the Company's soon to be announced first quarter 2006 financial results. IMPART acquired New York-based E&M Advertising, specialists in branded direct response advertising, in March of this year. Past and current E&M clients include A.A.R.P., Applica/Black & Decker, Arista Records, Globe Insurance, Lowestfare.com, Novartis, Premera Blue Cross of Washington, Rodale Books, Showtime, Universal Studios Home Video, 1-800 Flowers.com, and others.
IMPART Chairman and CEO Joseph F. Martinez stated, "We have made great progress integrating E&M into the IMPART fold and as part of that process we opted to take a more conservative approach in our revenue recognition policies that more closely aligns with our core business. Although this more conservative approach does change E&M's top line revenue number, their advertising bookings for 2005 will be approximately $40 million and more importantly, bottom line net revenue remains unchanged." Martinez added, "As we continue our transformation to a media focused company, we will rely on the expertise of our advisors for support in interpreting GAAP policies for our business in the rapidly emerging and continually evolving out-of-home media sector."
About IMPART Media Group, Inc.
IMPART Media Group, Inc., headquartered in Seattle, Washington, is a rapidly expanding digital signage leader in the emerging out-of-home media sector. The company is seeking to create a broad, integrated one-stop communications media company focused on digital signage and networked advertising offerings for leading brands in industries such as retail, grocery, banking, restaurants, hospitality, government and public spaces, among others. The company's digital media solutions enable the simultaneous delivery of video content to a variety of remote audiences in real time, allowing for immediate customization of messages through a centralized network operations center. More information please visit: www.impartmedia.com.
De Beers loses appeal
published: Friday, May 19, 2006
SASKATOON -- The Saskatchewan Court of Appeal took a little more than two hours Thursday to decide that a voting agreement between Cameco Corporation and Shore Gold Inc. did not violate the overall ownership interests within the Fort a la Corne (FALC) joint venture, the province's major diamond exploration project.
De Beers Canada, the operator of the multimillion dollar FALC diamond exploration project, went to the Court of Appeal to get a March judgment from the Court of Queen's Bench overturned and the voting agreement between Shore and Cameco set aside.
The panel of three appeal court judges upheld the March 30 ruling of Court of Queen's Bench Justice Darla Hunter and accepted the view of Cameco that it did not sell any ownership rights for the $10 million it was paid by Shore to gain Cameco's vote on the FALC management committee.
Shore Gold, which has the most to gain from the voting agreement that was upheld, issued a news release shortly after the ruling.
"This decision confirms Shore's previous belief that the voting agreement is a valid and binding agreement and we now look forward to putting this matter behind us and moving the FALC JV project forward," said Shore president and CEO Ken MacNeill, in the news release. "This was an unfortunate incident but we remain committed to working with our new joint venture partners to maximize the potential of the FALC JV project and the Fort a la Corne region as a whole."
Although Shore, through buying Kensington Resources, is now on an equal footing in the joint venture with De Beers with each having 42.245 per cent of the project, the voting agreement with Cameco essentially gives Shore a controlling 57.8 per cent of the votes at management meetings. (Cameco votes its own 5.51 per cent as well as the 10-per-cent carried interest of UEM Corp. which found the kimberlites originally and is now jointly owned by AREVA.)
Cameco's lawyer Bill Hood argued the money Cameco received in advance was compensation for the business risks Cameco was accepting in agreeing to the more aggressive exploration program proposed by Shore Gold to advance the exploration of the many diamond-bearing kimberlites that exist on the FALC joint venture lands.
Toronto lawyer Robert Harrison, arguing for De Beers, said that giving up voting rights for seven years is a "defined interest that has been sold or disposed of" and thus violates the original joint venture agreement.
In outlining the court's reasons, Justice Nick Sherstobitoff made reference to the difference in philosophy between Shore and De Beers and how Shore is more anxious than De Beers to move forward on techniques such as large bulk sampling of the kimberlites for diamonds. The judge said Cameco decided it wanted to vote with Shore on the more aggressive plan.
"They decided to exercise their right to vote by entering into a voting agreement rather than selling their vote," the judge said.
If De Beers accepts Thursday's ruling without further attempt at appeal to the Supreme Court of Canada, it will be required to pay the court costs so far incurred by Cameco and Shore Gold.
Despite the legal wranglings, representatives from De Beers, Shore and Cameco have had a management committee meeting for the joint venture this spring and approved a $43-million budget for this year.
Court of Appeal dismisses De Beers appeal
SASKATOON, May 18 /CNW/ - Kenneth E. MacNeill, President and CEO of Shore
Gold Inc. ("Shore") announced that the Court of Appeal for Saskatchewan has
reached a decision in favor of Shore, Kensington Resources Ltd., Cameco
Corporation and UEM Inc., in the previously-announced appeal commenced by De
Beers Canada Inc. ("De Beers"). De Beers had sought a declaration that the
Voting Agreement relating to the Fort a la Corne Joint Venture ("FALC JV") was
void as well as an injunction to restrain the defendants from holding a
Management Committee meeting of the FALC JV at which a vote is to be taken, or
to restrain the defendants from using the Voting Agreement in connection with
a Management Committee vote. The Court of Queen's Bench for Saskatchewan had
originally dismissed all claims made by De Beers, with costs to the
defendants, in a written decision released on March 30, 2006.
Mr. MacNeill stated; "This decision confirms Shore's previous belief that
the Voting Agreement is a valid and binding agreement and we now look forward
to putting this matter behind us and moving the FALC JV Project forward. This
was an unfortunate incident but we remain committed to working with our new
joint venture partners to maximize the potential of the FALC JV Project and
the Fort a la Corne region as a whole."
Shore is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company trade
on the TSX Exchange under the trading system "SGF".
Just follow the instructions of the company or TaskForce.
One last time: Pope Urban;
Consequently 25 May is the day of the burial of Urban in this catacomb. As the same martyrology contains under the date of 19 May (XIV kal. Jun.) a long list of martyrs headed by the two Roman martyrs Calocerus and Partenius, who are buried in the Catacomb of St. Callistus, and including an Urban, this Urban is apparently the foreign bishop of that name who lies buried in the same catacomb.
Wastech, Inc. Closes Purchase of West Virginia Mineral Rights
CHARLESTON, S.C., May 17, 2006 (PRIMEZONE via COMTEX) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company") today is pleased to announce that on April 14, 2006, it successfully closed on its recently announced purchase of approximately 44,000 acres of subsurface coal, coal bed methane and all other mineral rights under enriched acreage throughout various counties in West Virginia, as well as exactly 5,898.49 acres of oil and gas reserves in Fayette County, West Virginia.
As previously announced, the Company acquired the specific mineral rights in direct concert with Environmental Energy Services, Inc. (Pink Sheets:EESV). Aside from the capital infusion and expertise, the strategic partnership was created to potentially provide a "leasing ground" for future drilling prospects of EESV, as well as its future energy projects, alternate or otherwise, contemplated for the State of West Virginia and abroad. Notwithstanding the above, the Company and EESV are in discussions with other energy companies concerning the acquired rights for alternate leases and business opportunities.
Pursuant to the closing agreement, the Company paid the various parties, exclusive of legal and state recording fees, 11,750,000 shares Wastech common stock, $770,000 in cash, $4,980,000 in promissory notes, $980,000 of which is payable on or before August 25th, 2006, yet $2,000,000 of which that may be converted into additional common stock for cash consideration in the amount of $175,000 on such date. The agreements through assignment consist of the acquisition of 341 properties throughout 24 counties in West Virginia. The mineral rights are owned in fee, without lien, by the Company's wholly owned subsidiary, Wastech of West Virginia, Inc.
In West Virginia it is estimated that 99% of the generated electricity comes from coal, utilizing within the state approximately 14 coal-fired electric generating facilities, amounting to $3.5 Billion in gross state product generated as a result of coal. At current market conditions, state estimates would equate the acquired mineral reserves in excess of $1 Billion to the Company's subsidiary.
The Company plans to file the above transaction and documents thereto with the Security and exchange Commission ("SEC") on Form 8-K and suggests that this press release should be read in conjunction with other submissions on Form 8-K and other public documents filed with the SEC, all of which may be viewed online at www.sec.gov.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe Wastech's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond Wastech's control, will affect actual results. Wastech undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with Wastech's annual report on Form 10-KSB for the fiscal years ended December 31, 2002, 2001 and other filings with the U.S. Securities and Exchange Commission.
WTCH-Wastech, Inc. Closes Purchase of West Virginia Mineral Rights
CHARLESTON, S.C., May 17, 2006 (PRIMEZONE via COMTEX) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company") today is pleased to announce that on April 14, 2006, it successfully closed on its recently announced purchase of approximately 44,000 acres of subsurface coal, coal bed methane and all other mineral rights under enriched acreage throughout various counties in West Virginia, as well as exactly 5,898.49 acres of oil and gas reserves in Fayette County, West Virginia.
As previously announced, the Company acquired the specific mineral rights in direct concert with Environmental Energy Services, Inc. (Pink Sheets:EESV). Aside from the capital infusion and expertise, the strategic partnership was created to potentially provide a "leasing ground" for future drilling prospects of EESV, as well as its future energy projects, alternate or otherwise, contemplated for the State of West Virginia and abroad. Notwithstanding the above, the Company and EESV are in discussions with other energy companies concerning the acquired rights for alternate leases and business opportunities.
Pursuant to the closing agreement, the Company paid the various parties, exclusive of legal and state recording fees, 11,750,000 shares Wastech common stock, $770,000 in cash, $4,980,000 in promissory notes, $980,000 of which is payable on or before August 25th, 2006, yet $2,000,000 of which that may be converted into additional common stock for cash consideration in the amount of $175,000 on such date. The agreements through assignment consist of the acquisition of 341 properties throughout 24 counties in West Virginia. The mineral rights are owned in fee, without lien, by the Company's wholly owned subsidiary, Wastech of West Virginia, Inc.
In West Virginia it is estimated that 99% of the generated electricity comes from coal, utilizing within the state approximately 14 coal-fired electric generating facilities, amounting to $3.5 Billion in gross state product generated as a result of coal. At current market conditions, state estimates would equate the acquired mineral reserves in excess of $1 Billion to the Company's subsidiary.
The Company plans to file the above transaction and documents thereto with the Security and exchange Commission ("SEC") on Form 8-K and suggests that this press release should be read in conjunction with other submissions on Form 8-K and other public documents filed with the SEC, all of which may be viewed online at www.sec.gov.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe Wastech's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond Wastech's control, will affect actual results. Wastech undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with Wastech's annual report on Form 10-KSB for the fiscal years ended December 31, 2002, 2001 and other filings with the U.S. Securities and Exchange Commission.
The convergence of Mercury and the Sun occured today in Tauras, an Earth sign. Look for news anytime.
www.uscrudeinternational.com coming soon www.uscrudeinternational.com. This page is parked free, courtesy of GoDaddy.com · Go to the GoDaddy.com home page! Popular Searches. Travel · Hotels ...
www.uscrudeinternational.com/
Pope Urban:
Consequently 25 May is the day of the burial of Urban in this catacomb. As the same martyrology contains under the date of 19 May (XIV kal. Jun.) a long list of martyrs headed by the two Roman martyrs Calocerus and Partenius, who are buried in the Catacomb of St. Callistus, and including an Urban, this Urban is apparently the foreign bishop of that name who lies buried in the same catacomb.
Well,
I'm not sorry that I annoy you like I do Janice. I guess you can't please all the people all the time. The counter is still clicking for all the late slaggers.
And of interesting note in Business Astrology for CMKX/CIM et all we have Mercury the messenger converging with the Sun in Taurus. Transits are shoting off it going past Gemini into Cancer. In Cancer there is Mars the warrior that is converging with Saturn in rip-roaring Leo. The transits shoot off to Jupiter in the little stinger Scorpio as it goes direct from retrograde in early June.
Interesting things are about to happen for this stock.
The TaskForce counter is still running today. Better hurry and send in those certs before its too late.
ACCA, Let these guys wallow in in their misery. And away we go...................
The cert pull is over.
One hour left. Better hurry.