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lol
No matta sista, I still get da commish...lol
No SELL now...!
Please stop the idle chatter, as posted before there are 5945 other boards to post on iHub, go find one if you can't stick to the subject.
TIA
That message was posted yesterday, I am not going to sit idle while someone thinks they need to keep rehashing stuff to make a point. Maybe I will be sorry I had SPIN reinstated.
.<font color=red> R E A D T H I S.....
THIS IS NOT RB
NO making other posters the subject...!
I will delete every post all day long if you floks think you will turn this into the circus like days ago.
get familliar with this or get lost....!
User Agreement/TOU
http://www.investorshub.com/boards/complex_terms.asp
some important facts
Using Information on iHub
The "rules of the road" are fairly simple in principle. Conduct yourself generally as you would at a gathering where polite people might attend. Watch your language. Avoid rudeness and flame wars. Stay on topic and stick to posts relevant to the board on which you are participating. Otherwise, behave legally, morally and ethically.
Posting about a stock(s) that is not relevant to the board you are posting to;
Continually posting the same or similar information;
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As well posting something that is completely off-topic to the current discussion.
Should you have a post removed, and you disagree, or want to know why, we ask that you take this up with IH Admin (Matt) privately and *not* on the board on which it happened.
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OK folks, feeling a lil tension here, you all need to
either go for a walk or have some respect in your posting.
If you believe, then sit back and be patient.
TGLO - Sprint Settles Patent Infringment Dispute With tglo.com (Formerly Voiceglo) and theglobe.com
Thursday August 31, 12:23 pm ET
tglo.com (Formerly Voiceglo) and theglobe.com Will Become Licensed Users of Sprint VoIP Patents
FORT LAUDERDALE, Fla., Aug. 31, 2006 (PRIMEZONE) -- Sprint Nextel Corp. (NYSE:S - News), tglo.com, inc. (formerly known as Voiceglo Holdings, Inc.) and theglobe.com, inc. (OTC BB:TGLO.OB - News) announced today that they have resolved their pending patent infringement lawsuit by settlement. In October 2005, Sprint Communications Company filed a lawsuit against Voiceglo Holdings (now tglo.com, inc.) and theglobe.com, alleging that the providers of Voice over Internet Protocol (VoIP) telephone services and equipment infringed seven patents owned by Sprint. As part of the settlement, Voiceglo and theglobe.com have entered into a non-exclusive license under Sprint's patents. The remaining terms of the settlement are confidential.
``Sprint is very pleased with the settlement and views it as a validation of the strength of our voice-over-packet portfolio and a recognition of the importance of the innovations developed by our employees,'' said Harley Ball, Sprint's vice president of intellectual property. ``Sprint's voice-over-packet portfolio comprises over 100 patents covering different methods, components and systems employing VoIP and other technologies. Sprint considers the settlement a significant achievement for its patent portfolio.''
``We are very satisfied with the resolution and the terms of the settlement,'' said Ed Cespedes, President of theglobe.com and Treasurer of tglo.com. ``I want to assure our shareholders and customers that this settlement will not materially impact any ongoing or future operations of tglo.com or theglobe.com. Our companies look forward to continuing to offer creative and useful communications solutions in the future.''
Safe Harbor
This press release includes forward-looking statements related to theglobe.com, inc. that involve risks and uncertainties, including, but not limited to, risks and uncertainties relating to integration of newly acquired businesses and assets, product delivery, product launch dates, risks relating to the Internet, development and protection of technology, the availability of financing or other capital to fund its plans and operations, the management of growth, market acceptance of our products, our ability to compete successfully against established competitors with greater resources, the uncertainty of future governmental regulation (particularly as it pertains to the Internet), pending litigation and other risks. These forward-looking statements are made in reliance on the ``Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. For further information about these and other factors that could affect theglobe.com's future results and business plans, please see the Company's filings with the Securities and Exchange Commission, including in particular our Annual Report on Form 10-K for the year ended December 31, 2005 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2006. Copies of these filings are available online at http://www.sec.gov. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially and adversely from management expectations.
Contact:
Voiceglo Holdings
Media Contact:
Ed Cespedes
954-769-5948
--------------------------------------------------------------------------------
Source: theglobe.com inc.
DMOI - Diamond I Sees Significant Increase in Traffic at New Gaming-Focused Interactive Web Site
Thursday August 31, 11:56 am ET
Company Receives Great E-Mail Response to GS2(TM)-Compatible Games
LAS VEGAS, Aug. 31 /PRNewswire-FirstCall/ -- Diamond I, Inc. (OTC Bulletin Board: DMOI - News), a developer of wireless gaming products, including the WifiCasino(TM) wireless hand-held gaming system, today advised that, following its announcement yesterday, it experienced a significant increase in traffic at its new, interactive web site. The company's website offers visitors a chance to play (for entertainment purposes only) the same slots, roulette, blackjack and poker as will be available on the company's GS2 wireless gambling device.
To play Diamond I's GS2 games, visit www.diamondiinc.com.
Diamond I's handheld gaming unit, the GS2(TM) is the first of Diamond I's products to embody the technologies that are the subject of the published patent application. The GS2 is the hand-held component of the company's WifiCasino gaming system.
About Diamond I, Inc.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. The term "Wi-Fi" (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz.
With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
Forward-Looking Statements
Certain statements in these interviews and news releases may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. Certain statements contained in the interviews are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Diamond I's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although Diamond I believes the statements are reasonable, it can give no assurance that such expectations will prove correct. Diamond I cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.
Contact:
Diamond I, Inc.
Baton Rouge
David Loflin
225-341-4004
--------------------------------------------------------------------------------
Source: Diamond I, Inc.
ITOU - In Touch Media Group Ends Quarter With 225% Increase in Revenue
Thursday August 31, 12:15 pm ET
CLEARWATER, FL--(MARKET WIRE)--Aug 31, 2006 -- In Touch Media Group, Inc. (OTC BB:ITOU.OB - News) today announced a dramatic 225% year-over-year increase in revenue for the period ending June 30, 2006. In Touch Media Group's (www.intouchmediagroup.com) revenues for the three months ending June 30, 2006 were $1,597,370, a 346% increase over the $461,415 revenues for the three months ending June 30, 2005.
In Touch Media Group (ITMG) is an Internet marketing and public relations firm that specializes in generating brand awareness, driving website traffic, and delivering customers to its business clients. The company employs online market research to dramatically increase the effectiveness of online news article campaigns, search engine advertising, targeted publicity, and strategically placed website advertising. The dramatic increase in revenues reflects both the demand for advanced Internet marketing and public relations methodologies in this market sector and ITMG's recent actions in the celebrity endorsements and Massive Multiplayer Online Game (MMOG) arenas.
"Our equity in two LLCs developing role-playing MMOGs, one involving NASCAR and the other virtual nightclubs, has positively impacted our revenues," said President and CEO Laura Betterly. "We expect the successful summer 2007 launch of these MMOGs to be a major driver of growth in the coming year."
Integral to the MMOGs is ITMG's patent-pending in-game advertising platform, which delivers advertisements on a per-transaction basis. "This represents a paradigm shift away from impression-based advertising and toward cutting-edge marketing accountability," said Betterly.
The company also recently signed an agreement with Ice-T, a pioneer of hip-hop music and an accomplished actor, to be the spokesperson for one of ITMG's leading clients, Rodedawg International Industries (Other OTC:RWGI.PK - News). In addition to revenues generated from the development and implementation of a public relations and marketing strategy for Rodedawg's new vehicle launch, ITMG received 3 million restricted shares of RWGI. "We see this strategic alliance as one which will yield positive results in the coming months," said Betterly.
Betterly noted that distribution agreements and the retention of ITMG by other high-profile clients are likely to positively impact the company's future financial performance. "ITMG's strength lies in its ability to stay on the cutting edge of Internet marketing and public relations. With the exponential growth of this sector, we will surely see significant financial returns as our own brand recognition increases," she concluded.
About In Touch Media Group
In Touch Media Group (OTC BB:ITOU.OB - News) is an online marketing and PR firm which specializes in generating Website visitors, and customers for its business clients using a combination of effective systems, including search engine advertising, publicity, and other marketing services. The company employs online market research to dramatically increase the effectiveness of search engine advertising, targeted publicity, and strategically placed Website advertising.
This announcement contains "forward-looking statements." Words such as "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission.
Contact:
For More Information and Media Contact:
Laura Betterly
President and CEO
In Touch Media Group, Inc.
(727) 465-0925
--------------------------------------------------------------------------------
Source: In Touch Media Group
Thanks, sorry to hinder progess
EMKR - Emcore Sells GELcore Stake for $100M to GE
Thursday August 31, 10:29 am ET
Emcore Sells GELcore Stake for $100 Million in Cash to General Electric
SOMERSET, N.J. (AP) -- Emcore Corp., a maker of semiconductor-based components used in the communications industries, said Thursday it sold its 49 percent interest in GELcore to a division of General Electric Co. for $100 million in cash.
The company expects to record an $85 million to $90 million gain on the sale.
GELcore, a joint venture started by Emcore and GE's Consumer & Industrial division, makes high-brightness light emitting diode-based light systems. Its products are used in traffic lights and other displays. GE owned a 51 percent interest in GELcore before buying the remaining interest from Emcore.
For the first half of 2006, GELcore posted a net loss of $1.3 million. Last year GELcore posted a net loss of $800,000, down from a $2.5 million profit in 2004.
Shares of Emcore fell 7 cents to $7.89 in morning trading on the Nasdaq.
BIGN - Biogenerics Limited Reports on East Texas Oil Field LOI and Assessment of Existing LOIs
Thursday August 31, 10:47 am ET
TYLER, Texas, Aug. 31, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announced the Company's current status regarding the East Texas Oil Field LOI and the assessment and conclusions of existing LOIs as mentioned in the May 2006 press releases.
The LOI mentioned in the May 24, 2006, press release regarding the Quitman, Texas opportunity has been terminated after the Company determined it did not meet the Company's due diligence requirements.
The LOI mentioned in the May 30, 2006, press release regarding the Wood and Camp County Properties is still under consideration.
The Board of Directors is pleased to announce that the Company has been giving the LOI on the East Texas Oil Field its highest priority. James Lancaster, CEO, reports that the Company is in negotiations with its funding source to complete all due diligence required by them and conclude the funding facility to close these transactions. Biogenerics continues to pursue opportunities for additional properties located in Arkansas, Louisiana and West Texas. These properties encompass over 7,000 acres of leases. Management has also been assured that there are other opportunities in conjunction with the LOI on the East Texas Oil Field, which it will be pursuing at the appropriate times.
The Board of Directors recognizes that the Company is working outside the time frames indicated in the LOI for the East Texas Oil Field; however, the Principals on the LOI are cooperating to allow this transaction to be concluded. Biogenerics management has the closing of the East Texas Oil Field LOI as its top priority.
James Lancaster, CEO, concluded, ``With the successful closing of these properties, the Company will be placed into a noted position in the oil and gas industry. Management is enthusiastic and working diligently to conclude all of this business.'
Website: http:/http://www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy Inc and Hydroslotter Corp.
Forward-Looking Statements
This press release contains ``forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause 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. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Contact:
Biogenerics Limited
Investor Relations
Dale Boyd
(905) 714-9422
--------------------------------------------------------------------------------
Source: Biogenerics Limited
VNX - VendingData(TM) Receives Chinese Government Approval to Expand the Scope of Its Manufacturing Business
Thursday August 31, 10:39 am ET
LAS VEGAS, Aug. 31 /PRNewswire-FirstCall/ -- VendingData(TM)'s (Amex: VNX - News) wholly owned Chinese subsidiary, VendingData(TM) Electric (Zhongshan) Company Limited, received on August 28, 2006 a business license from the Chinese Government that will allow for the expansion of the scope of manufacturing beyond its current license to build card shuffling devices and card scanning machines (DeckChecker(TM)) to include slot machines, chip washing machines, multi-purpose electronic card games machines, and parts for the above mentioned products.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO)
Peter Zee, VendingData(TM)'s Vice President of Manufacturing and Engineering commented, "The approval of this expanded business license will enable VendingData to further benefit from our manufacturing activities and the execution of our strategy of building manufacturing expertise as a core competence of the company. Our manufacturing experience in China has been very positive in both cost reduction and quality improvement over the past few months. This expansion will leverage our current supplier base, engineering resources, skilled mechanical and electronic assembly labor force, quality manufacturing process and infrastructure to pursue and strengthen strategic partnerships with key gaming companies, and to deliver greater value to our customers and shareholders."
About VendingData(TM) Corporation
VendingData Corporation is a Las Vegas-based developer, manufacturer and distributor of innovative products for the gaming industry. The company's products include the Deck Checker(TM), PokerOne(TM) and RandomPlus(TM) shuffler lines. VendingData's newest innovative products include the ChipWasher(TM) and high-frequency Dolphin RFID casino chips. The company's customers include mega-gaming corporations such as Caesars Entertainment, MGM Mirage, Station Casinos, and Boyd Gaming as well as major casinos such as The Venetian, Foxwoods Resort Casino and the world's largest poker room, Commerce Casino. International customers include casinos in Korea, Macau, Malaysia, Germany, and the United Kingdom. Visit the VendingData Web site at http://www.vendingdata.com.
This release contains forward-looking statements. Such statements reflect and are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could cause actual results to differ materially from expectations include, but are not limited to, customer and casino acceptance of the new game, regulatory approvals of the new game and the risks and factors described from time to time in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to the Company's Form 10-QSB for the quarter ended March 31, 2006, and, the Company's Annual Report on form 10-KSB for the year ended December 31, 2005.
Contact: Company Contact: or Investor Contact:
Michelle Glenn Yvonne L. Zappulla
VP Marketing Managing Director
VendingData(TM) Corporation Wall Street Consultants Corp.
702-733-7195 212-681-4108
mglenn@vendingdata.com Yvonne@WallStreetIR.com
--------------------------------------------------------------------------------
Source: VendingData(TM) Corporation
Just me?, some major glitches this morning, many multi post on SLJB board and in PM gettin duplicates and one I recieved 5 times.
MYIQ - EduLink, Inc. Announces Stock Trading Suspension by SEC
Thursday August 31, 10:12 am ET
NEW YORK, Aug. 31 /PRNewswire-FirstCall/ -- EduLink, Inc. (Pink Sheets: MYIQ.PK - News) announced today that the company's stock was suspended from trading by the SEC on Monday, August 28, 2006. The suspension as listed on the SEC website (www.sec.gov) will continue until September 11, 2006, and resulted from the company's failure to make certain financial filings. Since the acquisition of Mega Media Group, Inc and the change in management, the company has filed all of its current financial information in the 8-K filing on August 14, 2006.
The company's new management was not informed by the SEC of the pending suspension prior to the date it was made effective.
The information missing is from operations prior to the acquisition of Mega Media Group, Inc, which was not filed in a timely manner by the previous management of the company. The current management team is now working diligently to file all required documents with the SEC.
About EduLink, Inc.
EduLink, Inc. operates its business through its wholly-owned subsidiary, Mega Media Group. Inc; which is a multi-media holding company operating its business through its subsidiaries, Mega Media Studios, Inc; Mega Media Records, Inc. d/b/a Skelton Key Entertainment, Mega Media Film, Inc; Mega Media Sports Entertainment, Inc. and Echo Broadcasting Group, Inc. Mega Media Group focuses its business in mainstream entertainment and media and Russian ethnic media. These subsidiaries offer a broad range of services, including talent management, music publishing, recording, music production and distribution, video production and distribution, radio broadcasting and Russian ethnic programming.
Contact:
Mark Cohen-IR
5W Public Relations
212-999-5585 ext.244
e-mail: mcohen@5wpr.com
--------------------------------------------------------------------------------
Source: EduLink, Inc.
QRVI - Quality Restaurant Ventures Opens First New Co-Brand Sobik's - Wing Way
Thursday August 31, 10:16 am ET
HEATHROW, Fla., Aug. 31 /PRNewswire-FirstCall/ -- Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI - News) announced today that a new co-branded Sobik's - Wing Way restaurant recently opened in Central Florida. This is the first location that will serve both the Sobik's and Wing Way menus starting from opening day. The new restaurant is located at 801 S. Kirkman Rd. in Orlando.
"This is an especially important opening because we'll be able to monitor customer responses to our restaurant without them having any pre-conceived notions," explained Jodi Whitnum, Sobik's - Wing Way Division President. "With everything being new, the location, the owners, the equipment, the new co- branded decor, plus our new customers, we'll be able to better gauge who is coming in specifically for wings or burgers, and who is coming in with a sub sandwich on their mind."
The Wing Way menu includes popular buffalo wings served with several different sauces, 1/3 lb. Black Angus burgers and seasoned fries. Sobik's menu features 20 types of popular sub sandwiches as well as a variety of healthy salads. There are now three co-branded Sobik's - Wing Way restaurants out of the 30 Sobik's locations in operation. Two additional restaurants are scheduled to open within the next two months.
About Quality Restaurant Ventures Inc.
Quality Restaurant Ventures Inc. develops new restaurant concepts, and invests in regional fast-food concepts with high growth potential, enhancing their operations while preparing them become national franchise opportunities.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Quality Restaurant Ventures Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Companies.
CONTACT: Investor Relations of Quality Restaurant Ventures Inc. 407-333-8998 x 150, Web site: http://www.QualityRestaurantVentures.com
--------------------------------------------------------------------------------
Source: Quality Restaurant Ventures Inc.
Mornin mz Missy
Sad but true, mostly though I trade these
dif. from the burger flips. more like a long term investment
though i have flipped this one before, I am just too impressed with what they have going on.
loaded .47 and holding
lol, Chu... you
look at this
http://www.investorshub.com/boards/board.asp?board_id=5132
for a pinky, lots going on.
all filings uptodate..waiting for transfer to OTC
less than 3 mil float
recent hurricane related news
many new products
cash reserves for many year
ETC...
think I will call then and tell em to raise the float to 8 billion and pay some pumper clown to pump it so wallstreet is aware of this gem...lol
Great news, hope IR just cancels IMO
shhhh tell no one...
its a secret
SYEV now .55 x .65
(WOOOHOOO)
QVDX - Quovadx to Explore Options
Thursday August 31, 9:38 am ET
Quovadx to Look Into Sale, Other Options to Grow Shareholder Value
GREENWOOD VILLAGE, Colo. (AP) -- Software company Quovadx Inc. said Thursday it has retained First Albany Capital to help assess its options to boost stockholder value -- which could range from a recapitalization to the sale or merger of the company.
"Our board of directors and management believe that the inherent value of the company and its opportunities is not reflected in our current share price," said Harvey A. Wagner, chief executive, in a statement.
Quovadx shares jumped 12 cents, or 4.8 percent, to $2.69 in early trading on the Nasdaq. The shares have declined 29 percent since hitting a 52-week peak of $3.64 on March 24, and sank to a 12-month low of $2.13 on Aug. 22.
HLOSF - Metanor Resources Inc. Announces an Extension to the Agreement for the Acquisition of Halo Resources Ltd.'s 50% Interest in the Bachelor Lake Property, Quebec
Thursday August 31, 9:00 am ET
VAL-D'OR, QUEBEC--(MARKET WIRE)--Aug 31, 2006 -- Mr. Serge Roy, President and CEO of Metanor Resources Inc. (TSX VENTURE:MTO.V - News) and Mr. Marc Cernovitch, President and CEO of Halo Resources Ltd. (TSX VENTURE:HLO.V - News) (OTC BB:HLOSF.OB - News) (FWB: HRL) are pleased to announce that they have agreed to extend the Purchase Agreement signed in May whereby Metanor has agreed to purchase from Halo its 50% undivided ownership interest in the Bachelor Lake Property, the Hewfran Property and the MJL-Hansen Property located in Quebec, Canada (collectively, the "Bachelor Property"). The extension agreed upon is to complete the transaction on or before November 10, 2006. Metanor Resources Inc. will pay Halo Resources Inc. a sum of 25 000 $ for this extension, such payment being wholly deductible from the total purchase price already agreed upon earlier in May.
The Purchase Agreement provides for the payment by Metanor of $3,500,000 payable at closing, and the issuance of shares of Metanor representing an amount equal to $750,000, calculated at a value per common share equal to the volume weighted average of the closing price of the common shares of Metanor for the last 10 trading days on the TSX Venture Exchange immediately prior to the date of the Agreement.
Metanor will also grant to Halo a 1% net smelter returns royalty on all minerals or mineral products derived from all or any part of the Bachelor Property or from other ore bodies owned or controlled by Metanor and processed at the Bachelor Property (the "Halo Royalty"). Metanor has agreed to assume and pay for all liabilities of Halo arising under the Joint Venture Agreement or related with the Bachelor Property and any activity thereon and to pay the existing royalties and the 1/2% net smelter returns royalty in favor of Wolfden Resources Inc. Metanor will have the right to buy back, at Halo's option, the Halo Royalty for $1,000,000 or half of the Halo Royalty for $500,000, within 18 months of the date of commencement of production from the Bachelor Property.
In the event that the closing does not occur on or before the Completion Date, Halo shall have the option to purchase Metanor's 50% undivided ownership interest in the Bachelor Property for the same consideration.
The transaction is subject to regulatory approval.
Shares outstanding: 20,460,629
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
Metanor Resources Inc.
Serge Roy
President and CEO
(819) 825-8678 or 819-856-8435
(604) 484-0069 (FAX)
info@metanor.ca
http://www.metanor.ca
Halo Resources Inc.
Marc Cernovitch
President and CEO
(604) 484-0068 or Toll Free: 1-866-841-0068
(604) 484-0069 (FAX)
mcernovitch@halores.com
--------------------------------------------------------------------------------
Source: METANOR RESOURCES INC. and Halo Resources Ltd.
KDKN - Kodiak Cross Lists on Frankfurt Exchange, Hires European IR Firm
Thursday August 31, 9:00 am ET
CALGARY, ALBERTA--(MARKET WIRE)--Aug 31, 2006 -- Kodiak Energy, Inc. (OTC BB:KDKN.OB - News) (FWB: K1O), is pleased to announce that it has cross listed on the Frankfurt exchange.
Kodiak has begun trading on the Frankfurt exchange. The company will trade under the symbol K1O.
Kodiak has also retained leading European Investor Relations firm Morgarten Financial Services effective immediately.
Kodiak Energy, Inc is a Calgary based oil and gas company focused on creating a portfolio of North American low risk high impact assets that offer immediate production and cash flow. The Company's lease holdings in Montana offer the potential for at least 210 drilling targets and two leases in South Eastern Alberta, which drilling programs have started offer the potential of another 150 drilling locations.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Company's proposed oil and gas related business. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such a statement.
Contact:
Contacts:
Morgarten Financial Services
Email: info@morgartenfinancial.ch
Kodiak Energy, Inc.
Mark Hlady
CEO
(403) 262-8044
Website: http://www.kodiakpetroleum.com
--------------------------------------------------------------------------------
Source: Kodiak Energy, Inc.
Stock futures rise after tame inflation data
Thursday August 31, 9:00 am ET
NEW YORK (Reuters) - U.S. stock index futures rose on Thursday after data showed a weaker-than-expected rise in a key inflation gauge, soothing concerns about interest rate increases.
The Commerce Department reported core U.S. consumer prices rose 0.1 percent in July, versus the 0.2 percent economists had forecast.
S&P 500 futures (SPc1) were up 2.2 points, but slightly below fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures (DJc1) were up 10 points, and Nasdaq 100 (NDc1) futures were up 2.75 points.
EGHT - 8x8 Signs Distribution Agreement With ASI Corp for Packet8 Residential and Business Phone Services
Thursday August 31, 8:15 am ET
SANTA CLARA, Calif., Aug. 31 /PRNewswire-FirstCall/ -- 8x8, Inc. (Nasdaq: EGHT - News), provider of the Packet8 residential, business and video Voice over Internet Protocol (VoIP) phone services, today announced it has signed a distribution agreement with ASI Corp., a leading distributor of computer components and peripheral products in North America.
Under terms of the agreement, Fremont, Calif.-based ASI Corp will provide complete distribution support for Packet8 residential and business Internet phone services and accompanying endpoint devices. These services include Packet8's Freedom Unlimited, Freedom Global and Freedom Annual residential plans as well as the Virtual Office hosted PBX small business phone solution.
Serving over 16,000 value-added resellers (VARs) ranging from white-box integrators to online and traditional retail stores, ASI Corp. maintains 20 offices throughout North America set up to provide pre and post sales support, service, technical support, system production and warehousing.
"8x8 is very pleased to have this opportunity to benefit from ASI's expertise and prominence in the technology distribution arena," said Huw Rees, 8x8 vice president of sales and marketing. "We are looking forward to working together closely to increase the availability of our Packet8 phone services in the rapidly growing business and consumer VoIP marketplace."
"We are excited about our partnership with 8x8. 8x8 VoIP solutions are well suited for the business and home user. We are proud to add these solutions to our product offering," said Henry Chen, ASI's vice president of business development. "Our agreement to distribute the 8x8 products is a very exciting opportunity for ASI. The product line will be extremely beneficial for our customer base as VoIP increases its importance, especially in the SMB market."
About 8x8, Inc.
VoIP (voice over internet protocol) service provider 8x8, Inc. offers internet-based telephony solutions (www.packet8.net) for individual residential and business users as well as small to medium sized business organizations. In addition to regular Packet8 VoIP service plans priced as low as $19.99 per month for unlimited anytime calling to the U.S. and Canada, 8x8 offers the Packet8 DV 326 VideoPhone, the industry's first stand alone broadband consumer videophone, and accompanying monthly service plans also priced at $19.99 per month. Packet8 Virtual Office, 8x8's VoIP system for small to medium sized businesses, is a hosted PBX solution comprised of powerful business class features. Companies subscribing to Virtual Office pay just $39.99 per month per extension for enterprise class PBX functionality along with unlimited local and long distance calling in the U.S. and Canada. Packet8 Softalk(TM), 8x8's PC-based soft phone client, offers high quality voice and video in-network calling as well as outbound calling to the PSTN. For additional company information, visit 8x8's web site at www.8x8.com.
About ASI CORP
ASI Corp. is a leading wholesale component and peripheral products distributor founded in 1987 to service the integration needs of value added resellers in North America and Asia. The company's 20 North American offices focus on the immediate delivery of over 80 vendor lines to approximately 16,000 VARS. The company is a leading distributor for the following vendors: AMD, ASUS, ATI, Creative Labs, ECS, Intel, LG Electronics, Microsoft, Seagate, Sony, Samsung, ViewSonic and Western Digital.
ASI is headquartered in Fremont, CA. For more information, visit its web site at www.asipartner.com.
NOTE: 8x8, the 8x8 logo, Packet8, the Packet8 logo and Packet8 Virtual Office are trademarks of 8x8, Inc. All other trademarks are the property of their respective owners.
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Source: 8x8, Inc.
CRUGF - Crew Gold Corp.: Sale of Interest in Barberton
Thursday August 31, 8:31 am ET
LONDON, Aug. 31, 2006 (PRIMEZONE) -- Crew Gold Corporation (``Crew'' or the ``Company'') (TSX:CRU.TO - News) (Oslo:CRU.OL - News) (Frankfurt:KNC.F - News) (Other OTC:CRUGF.PK - News).
Crew is pleased to report that it has signed an agreement to dispose of its 20% interest in Barberton Mines Proprietary Limited (``Barberton'').
Crew acquired its interest in Barberton in June 2003 for ZAR 30 million. Since acquisition, the carrying value of this investment has increased to approximately ZAR 50 million after accounting for Crew's attributable share of Barberton's profits, less dividends received.
Crew has agreed to sell its interest to Metorex Limited (``Metorex''), one of its partners in Barberton and a company listed on the JSE, in return for Metorex shares valued at approximately ZAR 84 million, representing a significant increase over both the cost and carrying value of the investment. The profit on sale will be recognised in the Financial Statements for Q1 2007.
Crew's stated strategy is to have overall control of its projects and to focus resources on near term production projects; this disposal is in line with this strategy. The sale is subject to receipt of all necessary regulatory approvals.
Jan A. Vestrum
President & CEO
Safe Harbour Statement
Certain statements contained herein, as well as oral statements that may be made by the company or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, may constitute ``forward-looking statements'' and are made pursuant to applicable and relevant national legislation (including the Safe-Harbour provisions of the United States Private Securities Litigation Reform Act of 1995) in countries where Crew is conducting business and/or investor relations. Forward-looking statements, include, but are not limited to those with respect to Crew Acquisition Corp.'s intention to proceed with the compulsory acquisition. Often, but not always, forward-looking statements can be identified by the use of words such as ``plans,'' ``expects,'' ``does not expect,'' ``is expected,'' ``targets,'' ``budget,'' ``estimates,'' ``forecasts,'' ``intends,'' ``anticipates'' or ``does not anticipate,'' or ``believes,'' or equivalents or variation, including negative variation, of such words and phrases, or state that certain actions, events or results, ``may,'' ``could,'' ``would,'' ``might,'' or ``will'' be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual 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. Such risks and uncertainties include, among others, the price of gold, fluctuations in financial markets, investor interest in the proposed private placement. Although Crew has attempted to identify important factors that could cause actual actions, events or cause actions events or results not to be anticipated, estimated or intended, there can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except as may be required by applicable law or stock exchange regulation, the company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements.
Contact:
Crew Gold Corporation
Jan A. Vestrum, President and CEO
44-1932 268755
enquiries@crewgold.com
www.crewgold.com
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Source: Crew Gold Corporation
UCPI - Unicorp Announces It Has Begun Operations in Preparation for Drilling Its Mississippi Oil Prospect with Potential Reserves of 130,000 Barrels of Oil
Wednesday August 30, 4:05 pm ET
HOUSTON--(BUSINESS WIRE)--Aug. 30, 2006--Unicorp, Inc. (OTCBB:UCPI - News) announced today that it has begun operations in preparation for the drilling of its prospect located in Greene County, Mississippi. Drilling is expected to commence within the next two weeks and the well will be drilled to a depth of approximately 6,800 feet to test the Upper Tuscaloosa formation. Unicorp will be the designated operator of the project and has approximately a 60% working interest and a 46.8% net revenue interest.
The Lee Walley Well No. 1 was drilled and plugged and abandoned in 1983. The electric log indicated an apparent oil pay at the top of the Tuscaloosa formation which was confirmed by sidewall cores which indicated a good show of oil. The well lies between the North Sand Hill field to the north and the Flat Branch Field to the south. 80 acres have been leased around the prospect. The Unicorp well will be located approximately 75 feet from the Lee Walley Well No. 1.
Based upon cumulative production figures of similar wells in the North Sand Hill Field and the Flat Branch Field, it is estimated that the Unicorp well could have 130,000 barrels of oil reserves which equates to $9,100,000 in gross production at today's price of $70 per barrel. There is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations. Unicorp's net revenue interest would equate to 46.8% of the gross production.
"If this initial test well is successful we anticipate there to be several other drilling locations in this area," stated Arthur Ley, COO of Unicorp. "Mississippi has not been our core focus but we believe that this represents a low risk opportunity and will continue to seek out other prospects that meet our risk profile."
About Unicorp
Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Unicorp's future business and financial results, refer to Unicorp's Annual Report on Form 10-KSB for the year ended December 31, 2005 and Form 10-QSB for the quarter ended June 30, 2006. Unicorp undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Contact:
Unicorp, Inc., Houston
Carl A. Chase, 713-402-6717
Investors@unicorpinc.net
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Source: Unicorp, Inc.
BSG - Ahead of the Bell: Bisys Group
Thursday August 31, 8:47 am ET
Analyst Says Bisys Group Poised for Potential Acquisition After Company Swings to 3Q Profit
NEW YORK (AP) -- A Jefferies & Co. analyst said he is encouraged by Bisys Group Inc.'s fiscal third-quarter results, and said the groundwork has been laid for a potential acquisition of the company.
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In a delayed filing, Roseland, N.J.-based Bisys Group, which provides business outsourcing services, said Wednesday it swung to a profit in the quarter ended March 31, mostly from a hefty gain from the sale of its information services business.
Earlier this month, Bisys announced it hired Bear, Stearns to advise the company on strategic alternatives, and said that President and Chief Executive Russell P. Fradin would leave the company.
Analyst Craig Peckham maintains a "Buy" rating on Bisys shares, and said the results, along with net cash, should peak the interest of buyers and could lead to a sale of the company.
"The board is under pressure to recover value for shareholders and given the transition at the CEO position, now seems like the right time to sell the company to either financial or strategic buyers," Peckham said. The company's shares have shed nearly 30 percent in the past year.
Merrill Lynch analyst Gregory Smith is keeping his "Neutral" rating. "While we think (Bisys) could ultimately get acquired at a price above the current level, we still think an acquisition could take a while given that the company is not current with its filings," he wrote.
Meanwhile, Baird analyst David J. Koning also maintains a "Neutral" rating on the shares, disappointed with lower expectations for fiscal 2006 investment services and insurance margins, and an anticipated delayed filing of the company's annual report.
"Given this turbulence, we believe that the company faces headwinds as it attempts to return to growth and an acceptable margin profile," Koning said.
F - Ford Explores Possible Aston Martin Sale
Thursday August 31, 8:42 am ET
Ford Explores Possible Sale of All or Part of Its Aston Martin Luxury Brand
DETROIT (AP) -- Ford Motor Co. said Thursday it is exploring the possible sale of all or part of its Aston Martin luxury brand as the company works to free up cash to pay for its North American turnaround plan.
But it said no decisions have been made about its other luxury car brands which include Jaguar and Land Rover.
"As part of our ongoing strategic review, we have determined that Aston Martin may be an attractive opportunity to raise capital and generate value," Bill Ford, the automaker's chairman and chief executive, said in a statement.
He said the Aston Martin's dealer network, design and size are different from other Ford brands and the most logical choice for possible sale.
He said no decisions have been made about its other Premier Automotive Group brands.
"We continue to be encouraged by Jaguar's progress and by the strength and consumer appeal of the Jaguar, Land Rover and Volvo product lineups" he said.
Ford shares rose 4 cents to $8.31 in premarket trading.
In July, Ford pledged to speed up and possibly deepen its North American turnaround plan.
Dearborn-based Ford's "Way Forward" plan, launched in January, calls for shedding 25,000 to 30,000 jobs and closing 14 plants by 2012 to help return Ford's North American automotive operations to profitability.
Ford Motor Co.: http://www.ford.com
Consumer Spending Jumps in July
Thursday August 31, 8:39 am ET
By Martin Crutsinger, AP Economics Writer
Consumer Spending in July Rises by 0.8 Percent, Fastest Pace in Six Months
WASHINGTON (AP) -- Consumers boosted their spending in July by the largest amount in six months, offering hope that the current economic slowdown may not be as severe as some had feared.
The Commerce Department reported that spending rose by a healthy 0.8 percent last month, double the 0.4 percent gain in June. Incomes also were up, rising by 0.5 percent in July, reflecting stronger wage growth.
A gauge of inflation tied to spending showed that consumer prices, excluding energy and food, have risen by 2.4 percent over the past 12 months, the fastest rate of increase in nearly four years.
That increase in inflation is above the Fed's comfort level for annual price gains of 1 percent to 2 percent and illustrates the competing forces the central bank is currently facing.
The Fed wants to slow the economy enough to keep inflation under control but not overdo the credit tightening and push the economy into a recession.
In minutes of its August meeting released this week, the Fed described its decision to pause in its rate hikes as a "close call." Some economists believe the Fed will remain on hold at its September meeting but other analysts argue that further rate increases will be needed because inflation will remain at unacceptably high levels.
The 2.4 percent rise in consumer prices excluding food and energy for the 12 months ending in July matched a similar increase in September 2004 with that pace not exceeded since a 2.5 percent 12-month rise in August 1995.
In other economic news, the Labor Department reported that the number of Americans filing new claims for unemployment benefits dropped by 2,000 last week to 316,000.
G'Morning David.
VICL - Broad T-Cell Immunity Against HIV Generated in Prime-Boost Vaccine Phase 1 Trial
Thursday August 31, 7:30 am ET
SAN DIEGO, Aug. 31 /PRNewswire-FirstCall/ -- Vical Incorporated (Nasdaq: VICL - News) announced today that a "prime-boost" vaccine regimen tested in 40 HIV-uninfected subjects in a National Institutes of Health (NIH) sponsored Phase 1 clinical trial was safe and well-tolerated, and was highly effective in inducing T-cell immune responses with multiple functions that may be important for controlling HIV infection. The trial involved priming an immune response with three doses of a plasmid DNA vaccine, based on Vical's proprietary DNA delivery technology, and boosting the response with a single dose of adenoviral vector vaccine given at a later date.
"We are encouraged that the prime-boost vaccine regimen in this trial was highly effective in generating multiple types of HIV-specific T-cell immune responses, representing another logical step toward development of an effective HIV vaccine," said Vijay B. Samant, Vical's President and Chief Executive Officer.
The vaccine was developed by scientists at the Dale and Betty Bumpers Vaccine Research Center (VRC) of the National Institute of Allergy and Infectious Diseases (NIAID), part of the NIH, and was manufactured by Vical. The vaccine incorporates HIV genetic material from the three most globally important HIV subtypes, clades A, B and C, which are involved in about 85 percent of all HIV infections around the world. The same prime-boost vaccine combination is being tested in 480 HIV-uninfected subjects through a multinational Phase 2 trial initiated in October 2005. The combination also is being tested in 15 HIV-infected subjects receiving highly active antiretroviral therapy (HAART) through a Phase 1 trial initiated in August 2006. A larger multinational Phase 2 trial in several thousand HIV-uninfected subjects is expected to begin in early 2007.
The vaccine used in the Phase 1 trial incorporates parts of four HIV genes. Three of these vaccine components are modified versions of HIV genes called gag, pol and nef, synthetically made based on sequence from clade B, the subtype that predominates in Europe and North America. The fourth vaccine component is a modified version of the HIV gene named env. The env gene codes for a protein on the outer coat of the virus that allows it to recognize and attach to human cells. VRC scientists were the first to combine modified env from clades A and C, which are the most common in Africa and parts of Asia, with the modified env gene from clade B. The study was conducted at the NIH Clinical Center.
About Vical
Vical researches and develops biopharmaceutical products based on its patented DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. Potential applications of the company's DNA delivery technology include DNA vaccines for infectious diseases or cancer, in which the expressed protein is an immunogen; cancer immunotherapeutics, in which the expressed protein is an immune system stimulant; and cardiovascular therapies, in which the expressed protein is an angiogenic growth factor. The company is developing certain infectious disease vaccines and cancer therapeutics internally. In addition, the company collaborates with major pharmaceutical companies and biotechnology companies that give it access to complementary technologies or greater resources. These strategic partnerships provide the company with mutually beneficial opportunities to expand its product pipeline and address significant unmet medical needs. Additional information on Vical is available at www.vical.com.
This press release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected, including: whether VRC and the NIH Clinical Center will complete the ongoing trials and initiate additional trials as planned; whether the HIV vaccine or any other product candidates will be shown to be safe and effective in clinical trials; the timing, nature and cost of clinical trials; whether Vical or its collaborative partners will seek or gain approval to market any product candidates; whether Vical or its collaborative partners will succeed in marketing any product candidates; and additional risks set forth in the company's filings with the Securities and Exchange Commission. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward-looking statements.
Contacts: Investors: Media:
Alan R. Engbring Susan Neath
Vical Incorporated Porter Novelli Life Sciences
(858) 646-1127 (619) 849-6007
Website: www.vical.com
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Source: Vical Incorporated
IVHN - Innovation Holding Inc.'s Target Acquisition PharmaSpritz Corporation Announces Appointment of Media Options Inc.
Wednesday August 30, 4:05 pm ET
TORONTO--(MARKET WIRE)--Aug 30, 2006 -- Innovation Holding Inc.'s (Other OTC:IVHN.PK - News) target acquisition, PharmaSpritz Corporation of Delaware, the manufacturer of SlimSpritz (www.slimspritz.com) weight control spray, Compozure anti-stress oral spray and Spritzzz nighttime sleep aid, is pleased to announce the appointment of Media Options Inc. of New York and its sales and syndication subsidiary Media Ops of New York, as the creative and media placement agencies for all of PharmaSpritz Corporation's consumer products.
Media Options Inc. (www.mediaoptionsinc.biz) is a full-service media-centric marketing, branding and creative company which along with Media Ops, will be responsible for the development of all the creative advertising executions for the PharmaSpritz stable of products as well as the placement of those advertisements in a variety of electronic media across the United States.
Steven Burke, President of PharmaSpritz Corporation, developed the concept of incorporating medicinal herbal ingredients into self-regulating aerosol spray products. Mr. Burke has over 30 years experience in the consumer product marketing business, in retail distribution and in direct marketing. In addition, Mr. Burke introduced the first powdered meal replacement for weight loss, NutriSlim, to the Canadian marketplace in 1980.
The Company will rely on Mr. Burke and his management team's expertise to deliver SlimSpritz, Compozure and Spritzzz to the marketplace with the guidance of Media Options Inc. and its senior staff of professionals. The initial marketing thrust will be through direct response marketing on the web, via traditional print based Direct Response and ultimately through electronic media including television and radio. The comprehensive business plan calls for national retail (in store) roll outs by the end of each product's first year of distribution.
For more information please call Rhonda Windsor at 905-898-2646 or contact insight@rogers.com
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Innovation Holdings Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control.
Contact:
For more information please call
Rhonda Windsor
905-898-2646
insight@rogers.com
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Source: Innovation Holding Inc.
DOIG - Delta Oil & Gas Successfully Completes Second Well in Sacramento Basin; Production to Commence Shortly
Wednesday August 30, 4:00 pm ET
SEATTLE, WA--(MARKET WIRE)--Aug 30, 2006 -- Delta Oil & Gas, Inc. (OTC BB:DOIG.OB - News) is pleased to announce that drilling of its second well (the "CC-7-2") on its Cache Slough property has now reached total depth and the operator of the well has elected to complete the well based on initial testing. Construction of a pipeline is ongoing with an expected completion date before the end of September 2006. Once this pipeline is completed, both our CC-7-1 and CC-7-2 wells will be tied in to accommodate natural gas production.
Drilling commenced on the first well at Cache Slough (the "CC-7-1") in September 2005 and reached total depth in October 2005. Review of the logs indicated the potential of a new gas discovery and the operator of the well elected to complete the well for testing. The completion and preliminary testing of the well was completed in November 2005 and Delta and its partners in this well elected to tie the well into a nearby pipeline to accommodate potential gas production.
In June 2006 the Department of Water Resources approved our application and gave us a permit to bore underneath a Reclamation Board levee in order to connect our well to a nearby gas sales pipeline. This was the last permit required before we commence construction of the pipeline for the well. The operator is currently in contact with contractors regarding construction of the pipeline which is expected to commence in the immediate future.
The Cache Slough area, covering approximately 825 acres of land, is a prolific natural gas area northeast of Sacramento, California. The property is located next to and partially on one of the largest gas fields in the State of California, the 3.5 trillion cubic feet ("Tcf") Rio Vista gas field. Pipelines located near and within the project area make it relatively easy to transport and sell the natural gas.
Delta Oil & Gas has earned a 12.5% economic interest in both wells. A proposal for the drilling of a third well in this area is expected from the operator within the next 90 days.
About Delta Oil & Gas
Delta Oil & Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area, its interest in the Cache Slough Project in California, its interest in the Strachan Prospect, its interest in its Mississippi prospect, its newest interest in a horizontal oil well in Saskatchewan and its newest interest in the Owl Creek Prospect in Oklahoma. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, B.A., LL.B., President
Safe Harbor Statement
This news release includes statements about expected future events and/or results that are forward looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to time frames, expectations for completion, the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Contact Info:
Greg Werbowski
1.866.355.3644
Email Contact
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Source: Delta Oil & Gas, Inc.
COBT - C2 Global Technologies Inc. Granted Patent in Hong Kong
Wednesday August 30, 4:48 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Aug 30, 2006 -- C2 Global Technologies Inc. ("C2" or the "Company", formerly Acceris Communications Inc.) (OTC BB:COBT.OB - News) today announced that it has been granted Hong Kong Patent No. HK1018372 by the Intellectual Property Department of The Hong Kong Special Administrative Region for its patent entitled "Method and Apparatus for Implementing a Computer Network/Internet Telephone System". This patent, effective through October 29, 2016, is equivalent to C2's U.S. Patent No. 6,243,373.
About C2 Global Technologies Inc.
C2's business is focused on licensing its patents, which include two foundational patents in VoIP technology. C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications. For further information, please visit C2's website at www.c-2technologies.com.
Forward-Looking Statements
This release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended, that are based on management's exercise of business judgment as well as assumptions made by, and information currently available to, management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend", and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as noted in our securities and other regulatory filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
Contact:
Contacts:
C2 Global Technologies Inc.
Stephen A. Weintraub
Executive Vice President, Secretary & CFO
(416) 866-3058
sweintraub@c-2technologies.com
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Source: C2 Global Technologies Inc.
PQE - ProQuest Launches Highly Anticipated Digital Collection of Obituaries
Wednesday August 30, 5:00 pm ET
ProQuest Primes for Family History Month with Updated Genealogy Center Resources and Weekly E-Newsletter
ANN ARBOR, Mich., Aug. 30 /PRNewswire/ -- ProQuest Information and Learning announces the launch of ProQuest Obituaries(TM), offering access to obituaries and death notices from the full runs of major national newspapers dating back to 1851. ProQuest Obituaries enables users to easily find ancestors and historical figures, and to trace their family histories through a database of more than 10 million names. To familiarize users with the database's rich content, ProQuest developed "In Passing," a free weekly e-newsletter that highlights particularly interesting passages from ProQuest Obituaries, the latest addition to the ProQuest Genealogy Center. Librarian subscribers will be able to use this newsletter to promote the rich rewards of genealogy research during October, which is Family History Month.
"The launch of ProQuest Obituaries furthers our commitment to providing the critical resources necessary to track personal histories," said David "Skip" Prichard, President of ProQuest Information and Learning. "ProQuest Obituaries joins the ProQuest Genealogy Center, our suite of resources tailored to specifically meet the needs of the library community and their patrons."
Now available to libraries everywhere, ProQuest Obituaries offers content unmatched by any other resource, and is suitable for all levels of researchers. Historical obituaries and death notices represent some of the most valuable content available to genealogists, as often they are the only existing biographical sketch devoted to an individual and can provide valuable clues like proper full name; maiden name; spousal information; names of parents, siblings, and children; occupation; religion; cause of death; and more.
The e-newsletter, "In Passing," provides anyone interested in genealogy, history, or the extraordinary stories of everyday people a sample of the historical and genealogical finds available in ProQuest Obituaries. "In Passing" subscribers will learn about the casualties of the 1919 Boston molasses flood, the "Spanish flu" pandemic that killed more than 50 million people worldwide, and the young seamstresses who died in New York's Triangle shirtwaist factory fire and the subsequent laws created that mark their heritage today. This free opt-in e-newsletter will be issued weekly during September, October, November, and December; to sign up please visit http://www.proquest.com/mailinglist .
In addition to the launch of ProQuest Obituaries, other ProQuest Genealogy Center resources continue to grow. ProQuest made Freedman's Bank Records, a leading resource for African-American genealogical research, available through HeritageQuest Online. Ancestry Library Edition, the largest online collection of genealogical records, also made numerous content updates including:
* U.S. Census Collection -- Now completed. Contains original full-text
images for the U.S. Federal Census 1790-1930, with all-new, every-name
indexes for each decade.
* Canadian Census Collection -- New for 2006. Censuses of Canada from
1901, 1906 and 1911. The collection now contains more than 40 million
names linked to original images.
* United Kingdom and Ireland Collection -- New for 2006. The collection
contains name indexes for 1861-1901 Census, linked to original images.
About ProQuest Information and Learning
ProQuest Information and Learning is a world leader in collecting, organizing, and publishing information for researchers, faculty, and students in libraries and schools. It is widely known for its strength in business and economics, general reference, genealogy, humanities, social sciences, and STM content. The company develops premium databases comprising periodicals, newspapers, dissertations, out-of-print books, and other scholarly information from more than 9,000 publishers worldwide. Users access the information through the ProQuest® Web-based online information system, Chadwyck- Healey(TM) electronic and microform resources, UMI® microform and print reference products, eLibrary® and SIRS® educational resources, and Serials Solutions e-resource access and management solutions. ProQuest® Smart Search was named "Best Specialist Search Product" by the International Information Industry Awards in late 2005. For more information about ProQuest Information and Learning, visit http://www.il.proquest.com .
About ProQuest Genealogy Center
ProQuest has searched through its digital and microform archives to select the most valuable resources for the ProQuest Genealogy Center. This growing suite of products provides the solutions you need to best meet your patrons' research requirements. Customizable for public libraries of any size and demographic makeup, it includes two of the most powerful databases available -- HeritageQuest Online(TM) and Ancestry® Library Edition -- plus many other complementary resources that offer all-important detail and context from newspapers, periodicals, local histories, biographies, vital records, military records, and much more.
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Source: ProQuest Information and Learning
CLG - Cumberland Receives Positive Recommendation from the Nunavut Impact Review Board for Development of the Meadowbank Gold Project
Wednesday August 30, 5:02 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 30, 2006 -- CUMBERLAND RESOURCES LTD. (TSX:CLG.TO - News)(AMEX:CLG - News) is very pleased to announce that the Nunavut Impact Review Board ("NIRB") has recommended that development of the Meadowbank gold project should proceed. The decision by NIRB concludes a two and a half year comprehensive review and public hearing process involving multi-disciplinary Federal, Territorial, regional and community based representation. The Meadowbank gold project is designed to produce an average of 330,000 ounces gold per year over an eight year mine life making it one of Canada's future highest output gold producers. Cumberland has a 100% interest in the Meadowbank gold project located 70 kilometres north of the Hamlet of Baker Lake, Nunavut.
"Meadowbank is the first major gold development proposal to move through the Nunavut environmental assessment process. After a multi-year review conducted by NIRB we are extremely pleased with today's recommendation for development of the project," stated Kerry Curtis, President and CEO of Cumberland. "We are now just steps away from developing Canada's largest pure gold open pit reserves into Nunavut's first new large-scale, long-life gold operation. With this transition into mid-tier level gold production, Meadowbank will provide much desired jobs, training, infrastructure and economic opportunities to Nunavut."
Next Steps
The positive NIRB recommendation and associated report will now be forwarded to the Federal Minister of Indian Affairs and Northern Development to ensure compliance with the Article 12 of the Nunavut Land Claims Agreement. Upon acceptance of the NIRB recommendation by the Federal Minister, a Project Certificate can be issued. This process is expected to take at least two months, at which point the necessary licences to commence construction can be issued. In the interim, Cumberland will commence procurement and staging of equipment and supplies in preparation for construction of the conventional access road from Baker Lake to Meadowbank.
Meadowbank Gold Project
Cumberland is advancing the Meadowbank project toward open pit production based on a bankable feasibility study and subsequent bank due diligence(1) completed in December 2005:
Meadowbank Gold Project Production Profile(1) (Dec. 2005)
(Assuming long term US$400/oz. gold and US$0.75 per Cdn$1.00)
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Mine Life 8.1 years
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Average Annual Production Rate: Years 1 to 4 400,000 ounces
Life of Mine 330,000 ounces
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Total Cash Cost per Oz.: Years 1 to 4 US$175
Life of Mine US$201
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Pre-production Capital Costs US$235 million
Cdn$313 million
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In March 2006, Cumberland arranged a gold loan facility for up to 420,000 ounces of gold (15% of reserves) from Barclays Capital, Bayerische Hypo-und Vereinsbank and Societe Generale. Such facility is subject to the satisfaction of certain conditions including, among other things, Cumberland securing all requisite regulatory permits and licences and completion of final loan documentation. At a Cdn$600 per ounce spot gold price, the monetized value of the gold loan would be approximately Cdn$250 million.
Positive Economic Impacts to Nunavut
Meadowbank is forecast to provide substantial employment and economic benefits to Nunavut for at least 12 years of development, operation and closure. The Meadowbank final Environmental Impact Statement estimated that during construction 350 direct jobs will be created and the GDP of Nunavut will rise 7% to 8%. During operations, the project is estimated to contribute $1.4 billion to Nunavut's GDP. Of the planned 360 new full time permanent jobs to be created during operations, many are expected to be filled by residents of Baker Lake and the surrounding Kivalliq communities.
As a requirement for development of Meadowbank, Cumberland and the Kivalliq Inuit Association signed a comprehensive Inuit Impact and Benefit Agreement ("IIBA") during early 2006. The IIBA ensures that local employment, training and business opportunities arising from all phases of development, operation and closure of the Meadowbank project are accessible to the Kivalliq Inuit.
Cumberland is a well financed mineral development and exploration company. The Company has completed a bankable feasibility study on the Meadowbank gold project (100% interest) in Nunavut and is advancing the project towards production. Depending on receipt of permits and licences, operations from three, shallow open pits could commence in late 2008 or early 2009. The Company also holds a 22% carried to production interest in the Meliadine West gold project and a 50% interest in the Meliadine East gold project, both located in Nunavut. The shares of Cumberland are traded on the Toronto Stock Exchange and the American Stock Exchange under the symbol CLG.
CUMBERLAND RESOURCES LTD.
Kerry M. Curtis, B.Sc., P.Geo., President and CEO
(1) Meadowbank Feasibility Study Due Diligence (December 2005) - As a requirement of bank financing, bank-appointed independent engineers SRK Consulting (UK) ("SRK") completed a due diligence audit of the Meadowbank feasibility study completed in early 2005 by AMEC Americas Ltd. ("AMEC"). The results from the feasibility study by AMEC are summarized in a Technical Report, dated March 31, 2005, prepared by AMEC in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Construction scheduling and capital cost estimation has been prepared by Merit International Consultants Inc. ("Merit"). Metallurgical and process test work was completed by SGS Lakefield Research Ltd. Process design was completed by International Metallurgical and Environmental Inc. and AMEC. Supporting geotechnical engineering, hydrogeological and geochemical studies were completed by Golder Associates Ltd. ("Golder"). Both the SRK and AMEC assumptions include a long term gold price of US$400/oz. and an exchange rate of US$0.75 per Cdn$1.00.
Forward Looking Statements and Risks - This news release contains "forward-looking statements", including, but not limited to, statements regarding our expectations as to the market price of gold, strategic plans, future commercial production, production targets and timetables, mine operating costs, capital expenditures, work programs, exploration budgets and mineral reserve and resource estimates. Forward-looking statements express, as at the date of this report, our plans, estimates, forecasts, projections, expectations or beliefs as to future events or results. We caution that forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks and hazards, environmental risks and hazards, uncertainty as to calculation of mineral reserves and resources, requirement of additional financing, risks of delays in construction and other risks more fully described in our AIF filed with the Securities Commissions of the Provinces of British Columbia, Alberta, Ontario, Quebec and Nova Scotia and the Toronto Stock Exchange and in our 40-F filed with the United States Securities and Exchange Commission (the "SEC").
Cautionary Note to U.S. Investors - The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release such as "measured", "indicated" and "inferred" "resources" that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 40-F, which is available from us at Suite 950 - 505 Burrard Street, Vancouver, B.C. V7X 1M4. You can also obtain this form from the SEC's website at: http://sec.gov/edgar.shtml.
Contact:
Contacts:
Cumberland Resources Ltd.
Kerry Curtis
President and CEO
(604) 608-2557
Cumberland Resources Ltd.
Joyce Musial
Manager, Investor Relations
(604) 608-2557
(604) 608-2559 (FAX)
http://www.cumberlandresources.com
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Source: Cumberland Resources Ltd.
Everyone has an opinion, I am not debating what you say,
just was noticing some showing up with brand new profiles posting they are LONG. you are prolly correct and don't really want to take up board space with this. sorry I mentioned it.
PS: "But are posters allowed to say they are short"
yeah right, that I want to see. lol