busy making sauce
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~Todays News Release...
China Energy Savings Technology Company Information Available Through Standard & Poor's Market Access Program
HONG KONG, May 16, 2005 /Xinhua-PRNewswire via COMTEX/ --
China Energy Savings Technology, Inc. (Nasdaq: CESV) announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight.
The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at the following URL: http://www.advisorinsight.com .
Additionally, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually every major stock quote vendor. As part of the program, a full description of China Energy Savings Technology will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.
About China Energy Savings Technology
The company is a holding company that owns 100% of Starway Management Limited whose subsidiaries are engaged in the manufacturing and sales of advanced technology energy-saving products in the People's Republic of China (PRC). According to test reports by various PRC authorities including the National Center of Supervision & Inspection on Electric Light Source Quality (Shanghai) issued in September 2002, Shenzhen Academy of Metrology & Quality Inspection issued in December 2002 and approved by the State Quality Supervision Inspection Department, the energy saving products of Starway's subsidiaries may provide energy saving rates ranging from approximately 25% to 45%. The energy saving projects conducted by Starway's subsidiaries mostly relate to public or street lighting systems, government administration units, shopping malls, supermarkets, restaurants, factories and oil fields, etc. There are small and large-scaled projects: the small-scaled projects relate to restaurants, shops, small arcades, offices and households through the sale of equipment, and the large-scaled projects relate to large shopping malls, supermarkets, factories and public bodies through the provision and installation of equipment over a term usually extended for years. With the world's energy crisis as the backdrop, and global oil prices breaking record highs, China's own crisis is growing not only in size, but in concern as well. Coal prices and energy consumption in China are also at all-time highs. For these reasons, the company's products are widely used and highly recommended in China because of the huge energy market and the excellent prospect of energy savings.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President
First Global Media
Tel: +1-480-902-3110
Website:
http://www.cesv-inc.com
Email:
contactus@cesv-inc.com
SOURCE China Energy Savings Technology, Inc.
John Roskelley, First Global Media, +1-480-902-3110, or
jroskelley@firstglobalmedia.com
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
kristi,
welcome!
~Rig
You buddy is back
http://www.investorshub.com/boards/read_msg.asp?message_id=6328684
~CCCI "E" Another candidate for you...
Good change for that "E" to come off shortly.
~Rig
~QOIL .20 X .22 Possible reversal...
Hope all is well!
~Rig
~QOIL News...
Quest Oil Engages Midtown Partners to Provide Funding for Acadia Gas Project
By Staff
ARLINGTON, Texas, May 13, 2005 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL), is pleased to announce that the Company has engaged the services of Midtown Capital Partners Co., LLC to negotiate and secure a financing to forward its Acadia gas projects. Upon closing definitive agreements the Company will announce terms and conditions of the transaction through an 8K filing.
Commenting on the announcement, Rod Bartlett, Quest's President, said, "The Acadia Project is a key element of Quest's downstream projects. With a successful financing effort we will mark a significant milestone in our progress toward bringing the Acadia project on stream."
Cameron King, CFO, added, "Midtown Partners & Co., LLC is acting as lead placement agent in arranging the necessary institutional funding for this project. Quest welcomes Midtown Partners as a financial partner as well as providing long term commitment for strategic growth opportunities."
The Acadia North Project is located 160 KM due east of Calgary, Alberta. Quest's holds 100% interest in two sections of land that are underlain by the Viking sand reservoir that contains 15 BFC of gas-in-place. Seismic activities for the Acadia Project began in December, 2004 when Quest authorized expenditures with Vega Resources and contracted Transaction Oil and Gas Ventures as Project operator.
ABOUT QUEST OIL CORPORATION
Quest Oil is an oil and gas company dedicated to solving North America's complex energy problems. Quest Oil identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in Alberta, Canada, Pennsylvania, Texas and other US promising locales. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and under-utilized projects, as it pursues oil and gas production throughout North America.
ABOUT MIDTOWN PARTNERS & CO., LLC
Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information can be found at http://www.midtownpartners.com .
ON BEHALF OF THE BOARD Quest Oil Corporation
Mr. Cameron King MBA, CFO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Quest Oil Corporation has little or no control. Additional disclosures regarding the Company are contained in our public filings made with the United States SEC. Please visit the SEC website at www.sec.gov for more information.
SOURCE: Quest Oil
Quest Oil
Darren Hayes, Corporate Development
866-264-7668
--------------------------------------------------------------------------------
(C) 2005 PRIMEZONE, All rights reserved.
News provided by
~AFNN $1.10 X $ 1.19 nice close!! Official double now :)Great weekend to all! ~Rig
Looking great Joye!!! ~Rig
~QOIL back in @ .21 Looking for reversal...
~Rig
~AFNN $1.03 X $1.07 Nice volume ~Rig
~ALMI $1.275 X $ 1.29 Looking good.~Rig
~GRYF looks like a seller needs to be taken out.Playing for earnings to be solid on monday.
~Rig
~AFNN .95 X 1.02 continues higher :) ~Rig
~CCCI "E" .141 X .155 Grabbed a few here near 52 week low...
http://biz.yahoo.com/prnews/050420/hkth002.html?.v=6
~Rig
let's break that .03 this time and hold above! ~Rig
joye,
They dropped it on small trades @ the bid, lets get back to 1.50!
~Rig
~GRYF .035 X .04 In this morning.Here's why....
Earnings due next week..
*Greyfield to Release Second Quarter Results on May 16th; Ebay.com Marketing Program to Substantially Reduce Overhead Costs
http://biz.yahoo.com/pz/050510/77873.html
*Greyfield: Autorama Achieves Record High Revenues and Net Profit for April 2005; $115,323 Sales in April, Net Profit of $42,543
Monday May 9, 4:01 pm ET
http://biz.yahoo.com/pz/050509/77805.html
*Greyfield Acquires 100 Percent Ownership of Highly Profitable, Fast Growing, Premium Automobile Dealership in Canada
Friday May 6, 4:01 pm ET
http://biz.yahoo.com/pz/050506/77730.html
~Web site... http://www.theautorama.com/
GRYF -- Greyfield Capital, Inc.
Com ($0.001)
Address:
J17-249
2465 Centreville Rd.
Herndon, VA 20171
USA
Phone: 419-593-4123
Your Own DD and buying decisions a must!
~Rig
~UTYW Earnings News...GM all!
Shaping up great!
Unity Wireless Reports Results for the First Quarter 2005; Q1 2005 Revenues up 159% over Q1 2004 Revenues
BURNABY, British Columbia, May 13, 2005 (BUSINESS WIRE) --
Unity Wireless Corporation (OTCBB: UTYW), a developer of integrated wireless subsystems and power amplifiers, announced financial results for the first quarter ended March 31, 2005.
Highlights include:
-- Q1 2005 revenues up 159% over Q1 2004 revenues
-- Q1 2005 revenues up 68% over Q4 2004 revenues
-- Q1 2005 revenues equal nearly 40% of full fiscal year 2004 revenues
-- 8 new customer projects were qualified for production in Q1 2005
Net sales for the quarter ended March 31, 2005 were $1,967,570, up 159% from $760,382 for the same period in 2004. Cost of goods sold for the period was $1,622,683, an increase of 229% from $493,342 in 2004. Gross margin for the period was 18%, down from 35% in the same period in 2004. Loss for the period was $1,178,175, an increase of 78% from $662,902 in the same period in 2004. Stock-based compensation expenses for the 2005 and 2004 periods were $217,232 and $294,023 respectively.
The sales increase in the first quarter of 2005 reflect two projects that moved through production in increasing volume. These volume production orders carry lower margins than the engineering prototypes and short production runs which comprised most of sales in the first quarter of 2004. Higher expediting and shipping charges associated with the ramp-up in volume production also contributed to lower gross margins.
The major contributor to the increased loss for the period was a 185% increase in research and development expenses as the Company accelerated new product development for time-sensitive customer opportunities. These expenditures raised research and development expenses above typical levels, and included costs to upgrade lab equipment and simulation tools, to increase outsourced contract engineering assignments and to purchase prototyping materials. Except for stock-based compensation expenses, general and administrative expenses and sales and marketing expenses remained relatively unchanged quarter over quarter.
Ilan Kenig, President and CEO of Unity Wireless commented, "The first quarter was unprecedented in the number of new projects qualified and initiated for both new and existing customers. Our current market prospects and our costumer forecasts give us confidence that we will see significant top line growth this year."
Unity Wireless Corporation's Chief Financial Officer Dallas Pretty stated, "Expenses for the expedited ramp-up of production for two customers in the period contributed to higher costs and reduced margins. We expect that research and development expenses will decline in the next several quarters, and we continue to engage in initiatives that are reducing our costs and are improving efficiencies in our outsourced manufacturing processes. Our goal is to combine these measures with top line growth to improve our margins and achieve profitable operations."
The Company's Form 10Q-SB for the period ended March 31, 2005 contains additional financial information, and can be accessed at the Company's website or through the Securities and Exchange Commission's website at www.sec.gov .
About Unity Wireless www.unitywireless.com
Unity Wireless is a leading ISO 9001:2000 certified developer of integrated RF (radio frequency) subsystem solutions for wireless communications networks. Integrated RF subsystems are an integral part of the base station and repeater infrastructure that comprise the backbone of wireless communications networks around the world. From analog cellular to 3G mobile and fixed wireless applications from 450 MHz to 3.5 GHz, Unity Wireless delivers RF subsystem solutions for the networks of today and tomorrow. The Company's integrated subsystems, single-carrier and multi-carrier power amplifier products deliver world-class efficiency and performance with field-proven quality and reliability in thousands of base stations and repeaters around the world.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, inability to raise the funds necessary for the Company's continued operations, changes in external market factors including the economy and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.
SOURCE: Unity Wireless Corporation
Unity Wireless
James E. Carruthers, 604-267-2716
jamesc@unitywireless.com
or
Osprey Partners
Mike Mulshine, 732-292-0982
osprey57@optonline.net
--------------------------------------------------------------------------------
Copyright Business Wire 2005
News provided by
~AFNN .92 X $1.00 Interest gaining.~Rig
BCON ~Rig
~AFNN .80 X .90 Bid side building.~Rig
~ALMI $1.24 X $1.25 Broke through $1.23 ~Rig
~ALMI $1.23 X $1.235 trying to break resistance...
~Rig
Picked up more today, uh huh...
I'm "All In" lol.
~Rig
~UAMA .10 X .102 ~Rig
Nice move today Art!
~Rig
~SEHO .21 X .22 breaking 50 and 200 ma ...
~Rig
~TNGL News...
Tonogold Resources, Inc. Forms Uranium Subsidiary
LA JOLLA, CA, May 12, 2005 (MARKET WIRE via COMTEX) --
Tonogold Resources, Inc. (OTC: TNGL) is pleased to announce the formation of a new wholly owned subsidiary, Mesa Uranium, Inc. ("Mesa Uranium"), in order to explore for and develop uranium mining properties.
Tonogold intends to target uranium properties with unique geological and grade characteristics where technology advancements made since the last major boom of uranium in the early 1980's can be applied. Exploration techniques, processing methods and best-practice environmental requirements will be high priorities. Properties with vanadium as well as uranium in the western United States will be selectively targeted for acquisition by claim location or attractive lease terms. The new subsidiary will be self-funding and will not detract from Tonogold's gold and silver exploration activities.
Jeff Janda, President of Tonogold, said, "The uranium market has strong, long-term fundamentals with rapidly expanding demand and stagnant supply. We wanted to take advantage of the uranium expertise of our advisors and management team and give our shareholders a stake in what should be a very dynamic market."
Spot prices for uranium oxide, also known as yellowcake, have risen from $7.10 per pound in 2000 to $20 late last year. In 2005, uranium spot prices have increased 41.5% to $29 per pound. At the same time, vanadium prices have increased from $4 per pound to nearly $20 per pound. Vanadium in metal form is used for steel alloys and occurs naturally with some uranium deposits in the western United States.
The resurgence of the nuclear power industry, due to the environmental and cost advantages of uranium, combined with declining above ground stockpiles has caused the rapid upswing in the price of uranium. Production from world uranium mines now supplies only 55% of the requirements of power utilities.
The new subsidiary will be supported by a team of industry consultants that have extensive uranium experience and work has already started on projects and prospects. Janda said, "Our approach will be to utilize senior uranium specialists, all of whom were involved in uranium mining in the 1970's and 1980's, where we can apply their expertise to all aspects of Mesa Uranium's exploration and development activities. We will work on those projects that we feel give us the best value for our time and investment and that represent practical mining opportunities capable of eventual production."
Tonogold Resources, Inc. is a mineral exploration company based in La Jolla, California with active investigation of precious metal and uranium projects in the western United States, Alaska and Mexico. The company also has a project office in the Denver, Colorado area. For more information on the Company visit their website www.tonogold.com .
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our right through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold, silver and uranium are commodities which have substantial price fluctuations, a drop in gold, silver, and/or uranium prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operation hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Jeffrey Janda
Tonogold Resources, Inc.
858-456-1273
jeff@tonogold.com
SOURCE: Tonogold Resources, Inc.
mailto:
jeff@tonogold.com
--------------------------------------------------------------------------------
Copyright 2005 Market Wire, All rights reserved.
News provided by
tatrader11,
Nice move on your GPXM!
~Rig
~ESSE News...
Earth Search Sciences Inc. Announces Completion of Initial Funding for Joint Venture
KALISPELL, MT, May 12, 2005 (MARKET WIRE via COMTEX) --
Earth Search Sciences, Inc. (OTC BB: ESSE), an airborne hyperspectral remote sensing company, announced that its joint venture partner, Advanced Explorations Inc. (TSX-V: AXI-H), has completed a transaction for a private placement to commence the joint venture and its initial funding.
Advanced Explorations Inc. (TSX-V: AXI-H) announced that it has entered into private placements for the sale of up to 1,166,667 units at $0.30 per unit for a total of $350,000, where each unit consists of one common share of the Company and one share purchase warrant having a one-year term for the purchase of one further common share of the Company at the exercise price of $0.40 per share.
AXI and ESSE are involved in a joint venture featuring the use of ESSE's airborne hyperspectral remote sensing technology in the discovery of new mineral deposits. The joint venture agreement includes AXI's purchase of one ESSE Probe-1 hyperspectral instrument and a copy of the company's mineral imagery database gathered from over 4 different continents.
Forward-Looking Statements:
This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
Contact:
The Eversull Group
Jack Eversull
972-991-1672
972-991-7359 (fax)
jack@theeversullgroup.com
SOURCE: Earth Search Sciences, Inc.
mailto:
jack@theeversullgroup.com
--------------------------------------------------------------------------------
Copyright 2005 Market Wire, All rights reserved.
News provided by
~GPXM .165 X .17 ~Rig
~LGAL .22 X .25 Holding well...Chart...
~Rig
~PAYD .295 X .31 Chart...
Todays News...
http://biz.yahoo.com/prnews/050512/neth013.html?.v=10
~Rig
~SEHO .195 X .21 Chart...
Todays News...http://biz.yahoo.com/prnews/050512/flth002.html?.v=10
~Rig
~AMLS News...
Amersin Subsidiary Makes Application to State Food and Drug Administration For New Antiviral Drug License
By Staff
NEW YORK, May 12, 2005 (PRIMEZONE via COMTEX) --
Amersin Life Science Corporation (OTCBB:AMLS) announced today that its subsidiary, Hubei Tongji Benda Ebei Pharmaceutical Co. (Hubei Benda), has applied to the State Food and Drug Administration for a license to produce Yan Hu Ning (Potassium Sodium Dehydroandroan Drographolide Succinate) as a new pharmaceutical in injectable form. It is anticipated that the license will be granted late in the second quarter ending July 31st, 2005.
According to a recent report by the Chinese Southward Medicine Economic Information Center, the global annual incidence of influenza is about 0.6 to 1.2 billion cases. Among those cases, serious influenza represents 3 to 5 million cases resulting in 250,000 to 500,000 deaths. The most prevalent symptom of serious influenza is upper respiratory tract infection. Survival rates are highest among patients receiving immediate medical treatment for serious symptoms.
Yan Hu Ning is prescribed as a fast acting treatment for viral pneumonia and viral infections of the upper respiratory tract and is used extensively throughout China to treat influenza. It is also used to treat chronic bronchitis, gastro-intestinal tract infection and bacillary dysentery.
"The market demand for this new pharmaceutical is 3 billion RMB (US$366 million), said Mr. Charles Wang, President of Hubei Benda, "It is a medicine with enormous domestic market potential. We applied advanced engineering processes to its development and will enjoy a strong competitive position for Yan Hu Ning in the domestic pharmaceuticals market."
About Amersin Life Sciences Corporation:
Amersin's profits are derived from its subsidiary located in Hubei province, the center of pharmaceutical production and research within China and home to very large scale automobile production, abundant natural resources and links to high capacity transportation systems serving the rest of the country. It employs 266 full-time employees and owns two high capacity modern facilities for the production of dosage form pharmaceuticals in injectable form and in solid form including tablets, capsules, granules and oral solutions. Its injection facility is certified to the latest GMP standards and operating profitably. Its solids form facility is scheduled for completion in the second quarter with certification to the latest GMP standards mid third quarter. Following certification it will commercialize additional products from its portfolio of existing licenses, commencing production in the fall, and begin the application process for licenses to produce its two new biotech products used to treat diabetes and certain forms of cancer for release early next year.
Amersin is committed to building investor equity through strategic acquisition and vertical integration of operating subsidiaries and controlling joint venture interests in China to include all facets of pharmaceutical life sciences from raw materials through dosage form production and distribution. It is poised to become one of the leading American corporations to profit from the burgeoning life sciences sector in China. Additional information may be requested via Amersin's web site at http://Amersin.com
"Safe Harbor" Statement:
This news release contains certain "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the forward-looking statements contained herein. Detailed information about many risk factors are set forth in Amersin's periodic filings with the Securities and Exchange Commission including, but not limited to, those risks and uncertainties listed in the sections entitled "Cautionary Note Regarding Forward-Looking Statements" and "Management's Discussion and Analysis" in Amersin's most recent Quarterly Report on Form 10-QSB. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov or the Amersin web site at http://www.amersin.com . Amersin is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Amersin Life Sciences Corp.
Amersin Life Sciences Corporation
Corporate Communications:
Howard Milne
604-881-2899 Ext 220
604-881-2892 - Fax
howard@amersin.com
--------------------------------------------------------------------------------
(C) 2005 PRIMEZONE, All rights reserved.
News provided by
~Todays News Release...
Amersin Subsidiary Makes Application to State Food and Drug Administration For New Antiviral Drug License
By Staff
NEW YORK, May 12, 2005 (PRIMEZONE via COMTEX) --
Amersin Life Science Corporation (OTCBB:AMLS) announced today that its subsidiary, Hubei Tongji Benda Ebei Pharmaceutical Co. (Hubei Benda), has applied to the State Food and Drug Administration for a license to produce Yan Hu Ning (Potassium Sodium Dehydroandroan Drographolide Succinate) as a new pharmaceutical in injectable form. It is anticipated that the license will be granted late in the second quarter ending July 31st, 2005.
According to a recent report by the Chinese Southward Medicine Economic Information Center, the global annual incidence of influenza is about 0.6 to 1.2 billion cases. Among those cases, serious influenza represents 3 to 5 million cases resulting in 250,000 to 500,000 deaths. The most prevalent symptom of serious influenza is upper respiratory tract infection. Survival rates are highest among patients receiving immediate medical treatment for serious symptoms.
Yan Hu Ning is prescribed as a fast acting treatment for viral pneumonia and viral infections of the upper respiratory tract and is used extensively throughout China to treat influenza. It is also used to treat chronic bronchitis, gastro-intestinal tract infection and bacillary dysentery.
"The market demand for this new pharmaceutical is 3 billion RMB (US$366 million), said Mr. Charles Wang, President of Hubei Benda, "It is a medicine with enormous domestic market potential. We applied advanced engineering processes to its development and will enjoy a strong competitive position for Yan Hu Ning in the domestic pharmaceuticals market."
About Amersin Life Sciences Corporation:
Amersin's profits are derived from its subsidiary located in Hubei province, the center of pharmaceutical production and research within China and home to very large scale automobile production, abundant natural resources and links to high capacity transportation systems serving the rest of the country. It employs 266 full-time employees and owns two high capacity modern facilities for the production of dosage form pharmaceuticals in injectable form and in solid form including tablets, capsules, granules and oral solutions. Its injection facility is certified to the latest GMP standards and operating profitably. Its solids form facility is scheduled for completion in the second quarter with certification to the latest GMP standards mid third quarter. Following certification it will commercialize additional products from its portfolio of existing licenses, commencing production in the fall, and begin the application process for licenses to produce its two new biotech products used to treat diabetes and certain forms of cancer for release early next year.
Amersin is committed to building investor equity through strategic acquisition and vertical integration of operating subsidiaries and controlling joint venture interests in China to include all facets of pharmaceutical life sciences from raw materials through dosage form production and distribution. It is poised to become one of the leading American corporations to profit from the burgeoning life sciences sector in China. Additional information may be requested via Amersin's web site at http://Amersin.com
"Safe Harbor" Statement:
This news release contains certain "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the forward-looking statements contained herein. Detailed information about many risk factors are set forth in Amersin's periodic filings with the Securities and Exchange Commission including, but not limited to, those risks and uncertainties listed in the sections entitled "Cautionary Note Regarding Forward-Looking Statements" and "Management's Discussion and Analysis" in Amersin's most recent Quarterly Report on Form 10-QSB. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov or the Amersin web site at http://www.amersin.com . Amersin is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Amersin Life Sciences Corp.
Amersin Life Sciences Corporation
Corporate Communications:
Howard Milne
604-881-2899 Ext 220
604-881-2892 - Fax
howard@amersin.com
--------------------------------------------------------------------------------
(C) 2005 PRIMEZONE, All rights reserved.
News provided by
~TNGL .15 X .18 spread closing a bit.~Rig
~PAYD .295 X .305 Settlement News...
Paid, Inc. Receives $600,000 Settlement Agreement
WORCESTER, Mass., May 12, 2005 /PRNewswire-FirstCall via COMTEX/ --
Paid, Inc. (OTC Bulletin Board: PAYD), a seller of collectibles, an ecommerce software developer and provider of services to celebrities, today announced that it has received $600,000 as a settlement with Leslie Rotman related to the value of a movie poster collection it purchased as part of a merger with Rotman Collectibles in 2001.
On October 23, 2001, Rotman Collectibles, Inc. owned by Leslie Rotman, the mother of Gregory and Richard Rotman, CEO/President and CFO of Paid, Inc. respectively, was merged into Paid, Inc., formerly known as Sales Online Direct, Inc. Rotman Collectibles' assets primarily consisted of a movie poster collection which was independently appraised at a value in excess of $2 million. As consideration for the merger, Paid, Inc. issued a 6% convertible promissory note equal to $1 million which was paid in full through the issuance of stock during the first quarter of 2002.
Based on the sales of the Rotman Collectibles assets to date and current sales projections, Paid Inc. does not expect to generate revenues equal to the appraised value of the poster collection. Leslie Rotman contends that the posters sold for a lower retail value due, in part, to timing of the sales and a general economic decline. To settle any possible differences or disputes between the value paid and the value received, Paid, Inc. and Leslie Rotman have entered into an agreement whereby, Leslie Rotman has delivered 2 million shares of Paid Inc.'s common stock, with a fair market value of $600,000 (based on a closing bid price of the Company's common stock of $.30 on Friday, May 6, 2005) into escrow and has granted Paid Inc. an option to purchase the shares for $.001 per share. The option is assignable by Paid Inc. in whole or in part. This transaction will be reflected in the Company's second quarter 2005 financials.
"We were disappointed that the posters sold for less than the appraised value and are grateful that Leslie Rotman has entered into this settlement with us," said Greg Rotman, CEO of Paid, Inc. "While some of the reasons for the posters selling below their appraised value may have been beyond Paid or Leslie Rotman's control, we felt it was in the best interest of Paid's shareholders that we sought a settlement for the difference in realized and appraised value. Since the value of Paid, Inc.'s stock has appreciated considerably since the merger with Rotman Collectibles, we feel that this is a fair settlement and that ultimately, both parties have been made whole."
About Paid, Inc.:
Paid's innovative products and services are utilized in online auction management, ecommerce and web site development and hosting. Using proprietary technology, Paid, Inc. is a respected developer of dynamic, cutting edge celebrity web sites and ecommerce storefronts that attract tens of thousands of visitors daily. Paid's Auction Inc brand auction management and shipping calculation software utilizes Paid's patent-pending process technologies to streamline back-office and shipping processes for online auctions and e- commerce. Paid's Rotman Auction is an eBay Platinum Powerseller that sells thousands of items -- primarily sports, Hollywood and Americana collectibles and memorabilia -- each week on eBay. The company also builds and maintains large database-driven portals across a broad array of industries. The Company's common stock is traded on the Nasdaq OTC Bulletin Board under the symbol PAYD. For further information visit http://www.paid.com .
Forward Looking Statements:
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 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations and expectations about movie poster value and sales. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.
CONTACTS
Media Contact: Julie Shepherd of Accentuate PR, (815) 479-1833,
Julie@paid.com
Investors, Jens Dalsgaard of Redwood Consultants, LLC, (415)884-0348,
jnsd@aol.com
SOURCE Paid, Inc.
Julie Shepherd, Media Contact of Accentuate PR, +1-815-479-1833,
Julie@paid.com
; or
Jens Dalsgaard, Investors contact of Redwood Consultants, LLC, +1-415-884-0348,
jnsd@aol.com
http://www.prnewswire.com
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Golden Phoenix Secures Funding for Its Ashdown Molybdenum Project, Begins Bonding Process for Mill and Mine
SPARKS, Nev., May 12, 2005 /PRNewswire-FirstCall via COMTEX/ --
Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) announced today the receipt of financing to construct a 100-ton mill and make preparations to mine the Sylvia molybdenum deposit at its Ashdown joint venture project located in Humboldt County, Nevada.
The Company has arranged a debt finance program utilizing two unaffiliated lenders to fund development of the mill and mine separately. Funds will be released to Golden Phoenix in accordance with individual timetables linked to milestone schedules for assembling the mill and reopening the Sylvia decline. In keeping with the intention of new management to limit share dilution, the loans will be repaid primarily in cash, with only minor consideration granted using restricted shares and warrants.
Golden Phoenix has received its first installment of funds and initiated bonding for both the mill and mine in preparation for the construction phase of the project. With receipt of these funds, Golden Phoenix affirms its intention to capture the historically high molybdenum price by bringing the Ashdown mill and mine on line in the near term.
Golden Phoenix Minerals, Inc. is focused on developing and mining superior high-grade deposits of precious and strategic metals to enhance profitability and return maximum value to its shareholders.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com /
Forward-Looking Statements. Certain statements included herein may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of this date and the Company assumes no obligation to update such forward-looking statements as a result of a number of factors.
CONTACT:
Golden Phoenix Minerals, Inc.
775/853-4919
E & E Communications
Paul Knopick
949/707-5365
pknopick@eandecommunications.com
SOURCE Golden Phoenix Minerals, Inc.
Golden Phoenix Minerals, Inc., +1-775-853-4919; or Paul Knopick of E & E
Communications, +1-949-707-5365,
pknopick@eandecommunications.com
, for Golden Phoeni
Minerals, Inc.
http://www.prnewswire.com
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