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BRVO - Bravo! Foods International Corp. to Launch General Mills Branded Flavored Milks
By PR Newswire
Last Update: 4/20/2006 8:30:58 AM Data provided by
NORTH PALM BEACH, Fla., April 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Bravo! Foods International Corp. (BRVO), a brand development and marketing company that manufactures, promotes and distributes vitamin- fortified, flavored milk drinks and other beverages, announced today that it will launch TRIX, COCOA PUFFS, and WHEATIES flavored, fortified, extended shelf life milk drinks under a recently signed five year trademark licensing agreement with General Mills Marketing, Inc. In addition to these brands the agreement covers LUCKY CHARMS, COUNT CHOCULA, BOOBERRY, and FRANKENBERRY. Bravo! has the right to use the equity characters associated with each brand.
Bravo! will market these General Mills brands of flavored milks in grocery stores, mass market retailers, convenience stores, bodegas, vending machines and schools in the fifty states in the US including the District of Columbia. Bravo! also has the right to market these products in Canada. The license agreement was effective February 1, 2006 and extends through December 31, 2011.
Roy Warren, Chief Executive Officer commented, "General Mills is one of the premier packaged food product companies in the United States and we are extremely pleased to be able to use these brands to further broaden Bravo!'s fortified milk products portfolio." He further commented, "The ability of Bravo! to use these highly recognized brand names of General Mills is further acknowledgement of the wide consumer acceptance of Bravo!'s flavored milk products and is another step towards increasing Bravo!'s sales and product recognition."
Galen Hersey, Trademark Licensing Manager of General Mills commented, "Bravo! is a leading player in the flavored fortified milk segment and we are extremely pleased to be working with Bravo!. This is a great opportunity for General Mills, as the potential market for flavored milk products is large and we are excited about expanding our brand recognition into this product category."
About the Company
Bravo! Foods International Corp. develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 United States, Great Britain and various Middle Eastern countries. Bravo!'s products are available in the United States and internationally through production agreements with regional aseptic milk processors and are currently sold under the brand names Slammers(R) and Bravo!(TM). Bravo!'s Slammers(R) products are available nationwide in popular chains such as: 7-Eleven, A&P, Dutch Farms, Giant Food Stores, Jewel, Kings, Pathmark, Safeway, Sam's Club, Shaw's, ShopRite, Speedway, SuperTarget, Unified, Waldbaums and Walgreens.
Many of Bravo! Foods' Slammers(R) lines of shelf-stable, single-serve milk drinks are co-branded through exclusive partnerships with Masterfoods, a division of Mars Incorporated, and MD Enterprises (Moon Pie(R)), providing superior name recognition packaged with quality, great-tasting drinks.
On November 1, 2005, Coca-Cola Enterprises, Inc. began distribution of the Slammers(R) Masterfoods line, as well as the Bravo!'s Slim Slammers(R) and Pro Slammers(TM) products, under a Master Distribution Agreement with Bravo!
For more information, visit: http://www.bravobrands.com .
Forward Looking Statements
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission.
SOURCE Bravo! Foods International Corp.
iMedia International, Inc. IMNL released its results of operations for the
year ended December 31, 2005. The Company saw a dramatic increase in net sales
to $5.93 Million, an increase of $3.64 million or 159% over the comparable 2004
period.
In addition, the Company showed a significant improvement in gross profitability
with an increase from a negative gross loss of $252,000 to $900,000 in gross
profit. This represents an increase of $1.12 million over the comparable 2004
period. The improvement was a direct result of their increased sales to a larger
and developing client base. According to the Company, they continue to contract
custom interactive media projects with both new and repeat customers. Most
importantly, gross margin rates on these projects are now more typical of their
targeted, future anticipated margins.
"We considered 2004 and 2005 as an important start-up period where we
concentrated mainly on developing our customer acquisition programs and refining
our pilot programs," said Kevin Plate, EVP of Sales and Business Development.
"We realized that in order to attract new customers to our new media, we often
had to price our initial pilot programs below actual costs. Since we now have
several years of success, we have been able to adjust our pricing accordingly."
"We are thrilled to see the continuing escalation in our sales and gross
profitability," said David MacEachern, CEO of iMedia International. "It is
important to understand that this growth reflects only the expansion of our
custom solution business which we concentrated on during 2004 and 2005. When we
factor in the launch of our newspaper syndication program which is beginning
later this month, and our plans for a national newspaper rollout during 2006 and
2007, I am very confident that this aggressive growth will be sustained."
Total operating expenses increased $5.25 million to $8.97 million for the year
ended December 31, 2005 a 141% increase over the comparable 2004 period. The
increase is primarily attributable to an increase in selling expenses of $1.7
million or 152%, and an increase in general and Administrative expenses of $3.6
million or 166%. This compares to $6.2 million in the comparable 2004 period.
The Company attributes the increase in selling expenses directly to the increase
from three to eight full-time sales executives, and their related travel and
entertainment costs. Also, the Company was required to continue underwriting
revenue shortfalls for its Hollywood Previews Entertainment iMagazine while they
prepared to launch their national newspaper syndication rollout. This national
rollout is scheduled to begin on April 30, 2006 at which time subsidizes should
decrease as the program begins to generate new revenues.
Increases in the Company's General and Administrative expenses were primarily
due to an increase in professional fees associated with its various financings
during 2005. These included approximately $3.2 million in non-cash expenses, as
opposed to approximately $44,000 for the comparable period in 2004. The majority
of these non-cash expenses were related to non-recurring costs associated with
the issuance of common stock and warrants to prior investors, investment
bankers, to advisors and consultants, and for promotion of its ongoing financing
activities.
"We are very pleased to see the increased acceptance of our convergent media in
the marketplace and look forward to continued top-line growth during the second
half of 2006 as our newspaper syndication program comes on line," said Anthony
Fidaleo, CFO. "Despite these milestones however, we are disappointed in the
impact that the costs of financing has had on our financial statements as well
as our operations. We look forward to the national adoption of our newspaper
syndication business, and we believe that our revenue growth will begin to
offset our cash burn over the next several quarters."
During the period, the Company recorded a $12.2 million net loss, which includes
$4.1 million in non-cash other expense items. These non-cash items were
primarily related to the costs associated with the issuances of preferred stock
and the write-down of certain investments during the year ended December 31,
2005. The increase in non-cash other expenses totaled $3.23 million for a 345%
increase over the comparable 2004 period.
On September 28, 2005, the Company filed a registration statement on Form SB-2,
which has not yet been declared effective. The Company is still responding to
comments from the Securities and Exchange Commission and is required to amend
its registration statement to include its financial statements for the period
ending December 31, 2005. The Company anticipates that it will have its
registration statement amended and respond to the SEC's comments around May 1,
2006.
About iMedia International, Inc.
iMedia International, Inc. (IMNL) is a publicly held digital media solutions
company producing DVD's, and CD-ROM's for digital multimedia marketing and
promotional campaigns. iMedia publishes proprietary and custom digital
iMagazines and offers expert digital media solutions services including:
strategic planning, content aggregation and production, disc audio/video design,
authoring, editing and compression, disc packaging manufacturing and
distribution. A key feature of iMedia's technology is its iReporting(tm)
real-time, online tracking system which provides quantitative data on disc
viewer usage patterns and effectiveness of iMedia marketing and promotional
campaigns.
For more information on iMedia International, Inc. please contact:
Kelly R. Konzelman, Executive Vice President
1721 21st Street, Santa Monica, CA 90404
Phone: (310) 453-4499
Fax: (310) 453-6120
kellyk@imedia-intl.com
The information in this news release includes certain forward-looking statements
that are based upon assumptions that in the future may prove not to have been
accurate and are subject to significant risks and uncertainties, including
statements about the Company's future financial performance, and the increase in
sales and top-line revenue growth. Although the Company believes that the
expectations reflected in its forward-looking statements are reasonable, it can
give no assurance that such expectations or any of its forward-looking
statements will prove to be correct. Factors that could cause results to differ
include, but are not limited to, successful performance of internal plans,
product development and acceptance, the impact of competitive services and
pricing, general economic risks and uncertainties, and various other information
detailed from time to time in the Company's filings with the United States
Securities and Exchange Commission. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events or
circumstances that arise after the date thereof. The forward-looking statements
contained in this release should not be relied upon for the basis of any
investment decisions. The Company faces other risks that are not contained in
this disclosure. Investors should refer to the full filing of the Company's
Annual Report on Form 10-KSB dated April 19, 2006 at http://www.sec.gov, before
making an investment decision.
IMEDIA INTERNATIONAL, INC.
COMBINED BALANCE SHEETS
DECEMBER 31, 2005 AND DECEMBER 31, 2004
December 31, December 31,
2005 2004
(Restated)
------------- ------------
Assets
Current assets:
Cash $ 1,397,904 $ 453,304
Accounts receivable,
net of allowance
for doubtful accounts
of $25,000 and $0 1,820,483 46,444
Work in process 27,779 --
Prepaid expense 13,5621 554
----------- -----------
Total current assets 3,259,727 500,302
Property and equipment, net 140,486 78,211
Investment in available
for sale securities -- 1,066,461
----------- -----------
Total assets $ 3,400,213 $ 1,644,974
=========== ===========
Liabilities and
shareholders' deficit
Current liabilities:
Accounts payable and
accrued expenses $ 1,124,761 $ 906,779
Accrued liquidated
damages 1,209,518 --
Deferred revenue and
customer deposits 90,440 --
Due to affiliate 46,669 --
Notes payable -- 950,022
Note payable -- related party 8,483 130,000
----------- -----------
Total current liabilities 2,479,871 1,986,801
Warrant liability 5,115,305 --
----------- -----------
Total liabilities 7,595,176 --
----------- -----------
Commitments and contingencies
Mandatory redeemable
convertible preferred
stock, net of discount
of $2,187,109 852,891 --
Total shareholders'
deficit (5,047,854) (341,827)
----------- -----------
Total liabilities and
shareholders' deficit $ 3,400,213 $ 1,644,974
=========== ===========
IMEDIA INTERNATIONAL, INC.
COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
Years Ended
December 31,
2005 2004
(Restated)
------------------- -------------------
Net sales $ 5,931,626 $ 2,290,534
Cost of sales 5,061,153 2,542,579
------------ ------------
Gross profit (loss) 870,473 (252,045)
------------ ------------
Operating expenses:
Selling 2,775,346 1,100,737
General and administrative 5,609,575 2,112,412
Management and consulting
fees-related party 581,000 507,000
------------ ------------
Total operating expenses 8,965,921 3,720,149
------------ ------------
Loss from operations (8,095,448) (3,972,194)
------------ ------------
Other expenses:
Interest on fixed
conversion feature
and amortization
of discount 126,204 851,418
Warrants issued for
extension on
Convertible note payable 340,478 --
Loss on revaluation of
warrants 533,737 --
Liquidated damages on late
filing of registration
statement 1,379,757 --
Interest expense, net 61,246 86,922
Loss on investment 573,975 --
Impairment loss on
investment in available
for sale securities 1,156,269 --
------------ ------------
Total other expenses 4,171,666 938,340
------------ ------------
Loss before provision
for income taxes (12,267,114) (4,910,534)
------------ ------------
Provision for
income taxes 4,000 3,260
------------ ------------
Net loss (12,271,114) (4,913,794)
Beneficial conversion
feature on the Series B
convertible preferred
stock 3,753,485 --
Interest on fixed
conversion feature and
amortization of debt
discount on Series A
redeemable preferred
stock 852,891 --
Preferred stock dividends
Series A and B 214,907 --
Preferred stock dividends
-- iPublishing 27,000 27,000
------------ ------------
Net loss allocable to
common shareholders $(17,119,397) $ (4,940,794)
------------ ------------
Other comprehensive loss,
net of tax unrealized
holding loss on securities -- $ (1,130,451)
------------ ------------
Comprehensive loss $(17,119,397) $ (6,071,245)
============ ============
Net loss per common share
from operations
-- Basic and Diluted $ (0.24) $ (0.08)
============ ============
Weighted average common
outstanding shares,
Basic and Diluted 70,552,192 61,655,666
============ ============
THE IMEDIA INTERNATIONAL, INC.
COMBINED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
2005 2004
-------------------------------------
(Restated Note 2)
Net loss $(12,271,114) $ (4,913,794)
Adjustments to reconcile
net loss to net cash
used in operating
activities:
Interest on fixed
conversion feature and
amortization of debt
discount 62,936 851,419
Depreciation 46,716 48,111
Allowance for doubtful
accounts 25,000 --
Loss on sales of
investments 599,793 --
Impairment loss on
investment for sale
securities 1,130,451 --
Issuance of additional
warrants to investors 810,563 --
Issuance of warrants
for services 481,870 434,378
Issuance of warrants for
extension of notes payable 340,478 --
Common stock issued
for services 2,050,811 151,208
Common stock issued for
liquidated damages 119,840 --
Common stock issued for
preferred stock dividends 184,690 --
Common stock issued to
employees for
signing bonus' 30,000 --
Common stock issued for
extension of related
parties notes payable 94,900 --
Net change in warrant
liability due revaluation 533,737 --
Net change in deferred
compensation 98,461 (149,246)
Changes in assets
and liabilities
Accounts receivable (1,799,039) (46,444)
Work in process (27,779) 71,056
Prepaid expenses and
other assets (13,007) 2,841
Accounts payable and
accrued expenses 205,024 612,532
Accrued liquidated damages 1,209,518 --
Deferred revenue and
customer deposits 90,440 --
------------ ------------
Net cash used in
operating activities (5,995,711) (2,937,939)
------------ ------------
Cash flows from
Investing activities
Purchase of equipment (108,993) (74,488)
Due from shareholder 15,047 (55,047)
Due to related parties -- (41,875)
Due to/from affiliates, net 46,669 --
Proceeds from sale of
investment in available
for sale securities 466,668 --
------------ ------------
Net cash provided by
(used in) investing
activities 419,391 (171,410)
------------ ------------
Cash flows from financing
activities
Common stock committed
for interest on related
party notes (94,900) 94,900
Issuance (cancellation)
of committed shares (50,000) 50,000
Payments on notes payable
-- related parties (130,000) (14,254)
Payments on notes payable (1,000,000) (251,035)
Proceeds from notes payable
-- related parties 8,483 144,349
Proceeds on notes payable -- 1,250,000
Proceeds from issuance of
redeemable Series A
preferred stock, net 2,712,953 --
Proceeds from issuance of
Series B preferred
stock, net 4,166,331 --
Proceeds from issuance of
common stock from exercise
of warrants, net 1,134,960 1,253,000
Proceeds from issuance of
common stock for cash 15,000 --
Proceeds from collection of
subscription receivable -- 370,000
Offering costs paid with
common stock -- (189,790)
Dividend on iPublishing
preferred stock (27,000) (27,000)
Dividends on Series
A and B preferred stock (214,907) --
------------ ------------
Net cash provided by
financing activities 6,520,920 2,680,170
Increase (decrease) in cash 944,600 (429,179)
Cash, beginning of year 453,304 882,483
------------ ------------
Cash, end of year $ 1,397,904 $ 453,304
============ ============
CONTACT: iMedia International, Inc.
(310) 453-4499
Industrial Nanotech INTK) is pleased to announce that the Company will post record sales for
the first quarter ended March 30, 2006. The Company recorded revenues of
$112,727 for Q1 2006, representing a 438% increase over revenue for the same
period in 2005. Sales for the first quarter of 2006 were equivalent to 60% of
total sales for the entire fiscal year 2005 which were $186,863. Industrial
Nanotech has demonstrated significant revenue growth year-over-year since its
inception, with 2005 sales showing an increase of 241% over sales for the fiscal
year 2004.
Additionally, Management of Industrial Nanotech reports that the Company will
begin posting audited financials in May 2005 at which time they will provide
audited financials for the Fiscal years 2004 and 2005. Industrial Nanotech's
detailed financials for the first quarter 2006 will be made available on
www.pinksheets.com in the coming weeks.
"We are pleased to once again report exponential revenue growth due to the
continual increase in sales of Nansulate for a wide range of industrial and
consumer applications. The combined performance qualities of energy savings
through thermal insulation, workplace health and safety through resistance to
mold growth, and increased plant and equipment lifespan through extraordinary
corrosion resistance have positioned our coating as the product of choice for a
multitude of applications and market sectors worldwide," commented Stuart
Burchill, Chief Executive Officer of Industrial Nanotech.
Mr. Burchill added, "As we maintain our focus on increasing the growth rate of
our general retail sales, we are continuing to make significant progress in our
negotiations with large corporations in the residential and commercial building
materials markets, the international "big box" retail chains and the oil, gas,
chemical, and automobile industries. The size of potential orders by these
corporations can propel our sales revenue to levels far beyond what we have
achieved to date. Going forward, we will report fully audited financials in
order to exhibit transparency of our operations and position the Company to move
to a larger exchange in the future."
About Nansulate(tm)
Nansulate(tm) is a water-based tinted or translucent insulation coating
containing a nanotechnology based material. The coating's ability to resist
mold, prevent corrosion and provide thermal insulation is well-documented. The
Company and its licensed distributors distribute Nansulate(tm) products
worldwide.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader.
The Company develops and commercializes new and innovative applications for
nanotechnology by participating with world-leading scientists and laboratories,
including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton
Polymers Laboratories.
See www.industrial-nanotech.com for more information.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This release includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties including, but not limited to, the impact of
competitive products, the ability to meet customer demand, the ability to manage
growth, acquisitions of technology, equipment, or human resources, the effect of
economic and business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any forward-looking
statements in order to reflect events or circumstances that may arise after the
date of this release.
CONTACT: Industrial Nanotech Inc.
(800) 508-6153
corporate@industrial-nanotech.com
Investors:
David Zazoff
(212) 505-5976
PressReleases@Za-Consulting.net
Collectible Concepts Group, Inc CCGI) is proud to announce that it has signed a five year renewable license
deal with Diann Wall-Wilson, the owner of the copyright designs of the
United States Marine Bulldog, United States Army Mule, United States Navy
Goat, the United States Air Force Falcon and the Coast Guard Otter.
Ms. Wall-Wilson states, "I am extremely pleased that a portion of the
royalties we receive are donated to Operation Independence (providing our
military's deployed forces with a 'touch of home' with civilian food, games
and more)."
Under the terms of the deal CCGI will produce and market its familiar Satin
Scrolls, Table Flags, Outside Flags, Laser Etched Wood Plaques, Car Flags
and other products already produced or distributed by CCGI.
Collectible Concepts President Paul Lipschutz states, "It is indeed an
honor for Collectible Concepts Group to be chosen for such a prestigious
license."
About Collectible Concepts
Collectible Concepts Group, Inc. develops and markets unique licensed
entertainment, sports, and music collectible merchandise for specialty,
mass retail and online distribution. Nationally recognized in direct
response marketing, replica design, mass-market distribution and E-commerce
marketing, Collectible Concepts and its products are renowned both for
quality and authenticity. Licenses include over 25 colleges and
universities, including: The National Basketball Association (NBA), The
National Hockey League (NHL), Arena Football, and others. For more
information, visit: www.collectibleconcepts.com or www.otcfn.com/ccgi.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. Forward-looking
statements, which are based on certain assumptions and describe future
plans, strategies, and expectations, are generally identifiable by the use
of words such as "believe," "expect," "intend," "anticipate," "estimate,"
"project," or similar expressions. These forward-looking statements relate
to, among other things, expectations of the business environment in which
the Company operates, projections of future performance, potential future
performance, perceived opportunities in the market, and statements
regarding the Company's mission and vision. The Company's actual results,
performance, and achievements may differ materially from the results,
performance, and achievements expressed or implied in such forward-looking
statements.
Contact:
Rick McCaffrey
OTC Financial Network
781-444-6100
Email Contact
EnviroSafe Corporation EVSA) is pleased to announce that they have signed a Manufacturing and Distribution
Agreement with Anscott Industries, Inc. (OTC: ASCT). Anscott will be
distributing EnviroSafe's line of environmentally safe cleaning products.
Anscott is a specialty cleaning company that develops, manufactures, sells,
and services several lines of branded cleaning products. The company has
been delivering professional grade cleaning products since 1960. Anscott's
long established and ever growing distribution channels cater to the
professional laundry and dry cleaning industry. They are supported by more
than 1000 sales people and more than 150 warehouses throughout North
America.
"Anscott Industries, Inc. has been providing quality cleaning products to
the laundry and dry cleaning industry for over forty years and they have
established themselves as an industry leader. We are very excited to be
included in their line of next generation, environmentally safe cleaning
products," stated Bryan Kuskie, CEO and President of EnviroSafe
Corporation.
About EnviroSafe Corporation
EnviroSafe Corporation manufactures environmentally friendly cleaning
solutions. The Company's products range from glass cleaner to grease waste
digesters. EnviroSafe is a leading producer of environmentally safe (green)
products that are nontoxic, water based, biodegradable and do not contain
butyls, isopropanol, acids, odorants or dyes.
About Anscott
The company is a manufacturer of products that clean with environmentally
acceptable technology. Founded in 1960, the company has been servicing the
professional textile care industry with the CALED® brand of professional
detergents, spot removers, finishing agents, and HyPur® brand of filter
products. These nationally recognized branded products are sold exclusively
through a North American distribution channel with nearly 1,000 sales
representatives. These representatives are supported by the company's
dedicated technical sales team and web site at www.CaledClean.com. The
company provides technologically advanced cleaning products that are
better, faster and safer than past methods. As a pioneer in its field it
has lead the commercialization efforts of aerospace technology that
replaces current cleaning methods with a non-toxic, environmentally
acceptable method called the DryWash® cleaning process. In 1996, Popular
Science Magazine awarded the DryWash technology with the "Best of What's
New Award" for Environmental Technologies. The company's consumer products
division focuses on All Natural cleaning products. This new division is
tasked on expanding the company's distribution into the more than 900+ All
Natural markets throughout North America.
CALED is a registered trademark of Anscott Industries, Inc.
HyPur is a registered trademark of Anscott Industries, Inc.
DryWash is a registered trademark of Raytheon Systems, Inc.
Safe Harbor: This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements. Investors
are cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that projected or
suggested herein due to certain risks and uncertainties including, without
limitation, ability to obtain financing and regulatory and shareholder
approval for anticipated actions.
Contact:
Investor Relations
For EnviroSafe Corporation
Big Apple Consulting USA, Inc.
1-866-THE-APPLE
Mornin Chief, Nice Sunny Day out there, gonna be 70 here..
OnScreen Technologies, Inc.ONSC) a leading
provider of innovative LED technology and solutions, announced today
that its company information will be made available through 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
www.advisorinsight.com.
In addition, 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 all major
quote vendors. As part of the program, a full description of OnScreen
Technologies, Inc. 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 OnScreen Technologies, Inc.:
OnScreen Technologies, Inc. (OTCBB:ONSC) using a revolutionary
patent-pending technology, is developing next generation LED video
displays to provide communication and display solutions for both
commercial advertising and government agency signage markets,
including The Department of Transportation, Homeland Security, law
enforcement and emergency responders. The OnScreen(TM) technology
produces LED display signs that are lighter, brighter and less
expensive to install and support than current LED signs in the
marketplace. More about OnScreen Technologies is available at
http://www.onscreentech.com
Company information distributed through the Market Access Program
is based upon information that Standard & Poor's considers being
reliable, but neither Standard & Poor's nor its affiliates warrant its
completeness or accuracy, and it should not be relied upon as such.
This material is not intended as an offer or solicitation for the
purchase or sale of any security or other financial instrument.
Forward Looking Statements
This press release contains forward-looking statements that may be
identified by terminology such as "may," "will," "should," "could,"
"expects," "plans," "intends," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue" or the negative of such terms
and other comparable terminology. Actual results may differ materially
from the predictions discussed. Additional factors that materially
affect forward-looking statements include general economic and
business conditions; the future results of projected contracts being
executed; changes in the marketplace through zoning and government
regulations involving LED (light emitting diodes); the success of our
brand awareness campaign; ability to raise capital; competition;
ability to build strategic relationships with manufacturers and/or
customers; the protection of our intellectual property rights; and
other factors over which the Company has little or no control,
including those that the Company incorporates by reference in its Form
8-Ks, 10-Ks, and 10-Qs that it files periodically with the SEC.
KEYWORD: NORTH AMERICA OREGON UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY GOVERNMENT HARDWARE PROFESSIONAL SERVICES FINANCE COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS PRODUCT/SERVICE
SOURCE: OnScreen Technologies, Inc.
CONTACT INFORMATION:
OnScreen Technologies, Inc.
Linda Ferguson, 503-417-1700 ext. 141
Lferguson@onscreentech.com
Empire Energy Corporation International EEGC) president Malcolm Bendall announced today that Great
South Land Minerals Ltd (GSLM) secured a drill rig in July to spud in
five 6 inch, 600 feet (200 metres) pre - collar wells on its SEL
13/98. These wells will then be used to cement in our 4 1/2 inch 5,000
PSI American Petroleum Industry (API) rated casing on which we intend
to mount a 5,000 PSI API rated blow-out preventor. We then aim to
drill 4 inch wells to the planned total depth (TD) of up to 6,000 feet
(2,000 metres). Our five-well drilling campaign is designed to prove
commercial accumulations of oil, gas and helium in the onshore
Tasmania Basin. Mr. Bendall said, "We have contracted a local drilling
company to pre - collar five discovery wells and we are requesting
bids for the completion of the wells to TD. These wells are on
seismically defined structures and have the real possibility of
commercial oil, gas and helium discoveries. These wells will be
testing petroleum plays in Tertiary, Triassic and Paleozoic sequences
in the north and central parts of the Tasmania Basin. The drilling
plan for the first well, Lachish #1, has been approved by the Mines
Department and the other wells will spud in when our drilling
applications are approved."
GSLM Managing Director, Dr. Clive Burrett, said "These are
exciting times with the onset of world record oil prices, currently at
$72 a barrel, coinciding with the arrival in Tasmania of our Terrex
Seismic Vibroseis team and the launch of our discovery drilling
program. This couldn't be better timed, with the start of the 1100km
2D seismic program on Monday along with the initiation of our 2006
drilling program, we expect a successful year for the company.
Previously, we have drilled seven stratigraphic wells in the basin all
with promising shows of wet gas and with helium in several of them.
Joint research with the University of Tasmania, financed by a grant
from the Australian Federal Government and GSLM, has confirmed the
generative potential of the basin, and along with the documented oil
seep in the south of the basin proves the existence of a working
petroleum system. Because of our planned comprehensive drilling
program, we are optimistic and expect to have a commercial oil and gas
discovery this year."
This press release contains forward-looking statements based on
our current expectations about our company and our industry. You can
identify these forward-looking statements when you see us using the
words such as "expect," "anticipate," "estimate," "believes," "plans"
and other similar expressions. These forward-looking statements
involve risks and uncertainties. Our actual results could differ
materially from those anticipated in these forward-looking statements
as a result of our ability to complete required financings and other
preconditions to the completion of the transactions described herein
and Empire's ability to successfully acquire reserves and produce its
resources among other issues. We undertake no obligation to publicly
update any forward-looking statements for any reason, even if new
information becomes available or other events occur in the future. We
caution you not to place undue reliance on those statements.
KEYWORD: NORTH AMERICA KANSAS UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS PRODUCT/SERVICE
SOURCE: Empire Energy Corporation International
CONTACT INFORMATION:
Empire Energy Corporation International
Malcolm Bendall, 913-469-5615
Veridium Corporation VRDM) today announced its receipt of an order from Ethanol Africa for the use of
Veridium's patent-pending Corn Oil Extraction System(TM) at Ethanol
Africa's new Bothaville, South Africa ethanol production facility.
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract
high grade corn oil from an ethanol by-product called distillers dried
grain ("DDG"). Veridium's technology has the capability of removing up
to 75% of the corn oil from within the DDG in two stages.
The first stage extracts 1.1 to 1.3 million gallons per year and
corresponds to about 30% of the corn oil in the DDG for a 40 million
gallon per year facility. The second stage of the Veridium technology
recovers another 30% to 45% of the corn oil in the DDG, corresponding
to another 1.2 to 2.2 million gallons of corn oil per year out of a 40
million gallon per year ethanol facility. 3 million gallons per year
of high grade corn oil converts to 3 million gallons per year of
biodiesel. This equates to a 7% increase in fuel production out of a
40 million gallon per year ethanol facility, and a significant
increase in plant productivity out of the plant's existing
infrastructure.
The new Ethanol Africa order is for the first stage of Veridium's
technology and the system is expected to be installed in line with the
onset of operations at Ethanol Africa's new Bothaville, South Africa
ethanol production facility later this year. Ethanol Africa is
headquartered in Bothaville, South Africa, and intends to build eight
40 million gallon per year ethanol production facilities.
"Rising fuel prices and greenhouse gas emissions are global
issues, and we are hopeful that this order will be our first of many
such international orders for our ethanol process technologies," said
David Winsness, chief executive officer of Veridium's industrial
design division. "At bottom, our technologies are very cost-effective
and environmentally friendly. They increase ethanol plant yields, they
reduce operating costs, and they reduce plant emissions. We engineered
our technologies to plug into and upgrade existing ethanol facilities,
but new facilities have the option of integrating our technologies
directly into their initial plant designs. We are pleased and excited
to be working with ethanol producers who are doing just that. Ethanol
Africa is progressive company and we are grateful for the opportunity
to work with them on their first and future ethanol facilities."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry
milling technique that utilizes more than 1 billion bushels of corn to
produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill
process converts the starch from the kernel of corn into sugar and
then the sugar into ethanol. The balance of the corn (non-starch
components) then goes through a dewatering and dehydration process
where the byproduct is sold as a commercial feed ingredient called
distillers dried grain ("DDG"). DDG contains the majority of the corn
oil that was present in the kernel. Today, the 1 billion bushels of
corn currently used in the dry mill ethanol process contain roughly
300 million gallons of corn oil that is currently sold for about $0.03
per pound as commercial feed. The new Veridium technology presents
another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following
compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per
gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering
up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's
technology is readily amenable to refining into biodiesel fuel
which creates a new revenue stream for participating ethanol
facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's
technology improves the drying efficiency of the DDG which in
turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a
capital cost of less than 15% of traditional corn oil
extraction methods.
Pictures and video of the new Veridium technology are available
online at www.veridium.com - this system is in use today and
efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly
traded industrial waste recycling company and holds the rights to more
than a dozen proprietary universal processing, water purification,
emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and
marketing of green innovations and processes that enhance
manufacturing efficiencies, improve resource utilization and minimize
waste. Veridium's mission is to deliver consumer oriented Natural
Solutions(TM) based on an array of green technologies and applied
engineering expertise that reduce waste at the source and make it
easier for people and businesses to recycle and reuse resources.
Veridium plans to focus on the continued acquisition, development and
marketing of benchmark green technologies and products that accomplish
the following key goals:
-- Reduce the volume of waste generated by residential and
commercial consumers;
-- Increase the convenience and decrease the cost of recycling by
residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of
industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC
Bulletin Board: GSHF), a publicly traded company whose mission is to
develop and support companies and technologies that facilitate the
efficient use of natural resources and catalyze transformational
environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Veridium Corporation, and members of their management
as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important
factors currently known to management that could cause actual results
to differ materially from those in forward-statements include
fluctuation of operating results, the ability to compete successfully
and the ability to complete before-mentioned transactions. The company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY MANUFACTURING NATURAL RESOURCES AGRICULTURE ENVIRONMENT PRODUCT/SERVICE
SOURCE: Veridium Corporation
CONTACT INFORMATION:
Veridium Corporation
Investor Relations, 888-870-9197 ext. 291
Fax: 646-792-2636
investorrelations@veridium.com
www.veridium.com
or
CEOcast, Inc. for Veridium
Ed Lewis, 212-732-4300
Good Mornin Chief, Stockz, and Team
Sequiam Corporation SQUM), through its wholly
owned subsidiary Sequiam Biometrics, Inc.
(http://www.sequiambiometrics.com), a leading provider of biometric
technology and services, announced today that it has entered into an
exclusive distribution and manufacturing agreement with CJCC
(http://www.cjcc.com.cn) of Shanghai, China.
During the term of the agreement CJCC will act as the exclusive
distributor of certain Sequiam biometric products and services in
China and Greater Asia. In addition Sequiam will act, during the term
of the agreement, as the exclusive biometric designer and manufacturer
of biometric products for CJCC.
The agreement allows for Sequiam to add all biometric products
developed for and funded by CJCC to its existing biometric product
line for distribution to all other global markets outside of China and
Greater Asia.
The first product developed by the joint capabilities of Sequiam
and CJCC is codenamed "HDT" and comprises a device that consists of a
wireless biometric fully functional personal digital assistant. HDT is
slated for release later this year.
Bob Yang, CEO of CJCC said: "After having evaluated numerous
global leading biometric technology firms, we concluded that Sequiam
has the strongest and broadest biometric technology base and the
ability to integrate that technology into a variety of consumer
products. On behalf of CJCC I look forward to working with Sequiam and
its capable team of biometric specialists."
Nick VandenBrekel, CEO of Sequiam Corporation said: "This is an
historic agreement for Sequiam and marks a major milestone in the
development of the Company. Combining our own state-of-the-art
biometric products with the recently acquired global rights to Tacoma
Technology's revolutionary optical biometric sensor technology and now
the exclusive agreement with China's technology giant CJCC, truly
establishes Sequiam Corporation as one of the world's leading
biometric companies." Nick continues: "In the near future, biometric
technologies will dictate more and more aspects of our transactional
behavior and Sequiam is at the forefront of this exciting new
frontier. It is with great excitement that I look forward to our
Company bringing biometric convenience and security to consumers
worldwide for many years to come."
About CJCC (Changjiang Group)
Headquartered in Shanghai, CJCC (Changjiang Group
http://www.cjcc.com.cn) is one of China's largest and predominant IT
corporations. CJCC has been recognized as one of the earliest leading
bases of the computer industry in China. CJCC is well established in
the areas of hardware manufacturing, software development, systems
integration and information services. Over the years CJCC has
distinguished itself by its excellent performance in a wide range of
state key projects. With a sustained growth rate of 25% per year the
company ranks itself among the top 100 Chinese Enterprises. Over
twenty subsidiaries of Changjiang Group have over the years engaged in
more than one thousand projects of system integration and networks in
different sectors of the Chinese national economy and made remarkable
achievements in the reformation of traditional industries and social
informatization. Projects undertaken by CJCC cover but are not limited
to: National Defense, Public Security, Finance, Transportation,
Commerce, Communication, Insurance, Medical Health, Institutions of
Higher Learning, Intelligent buildings, Post and Telecommunication and
Network security.
About Sequiam
Headquartered in Orlando, Florida, Sequiam Corporation develops,
markets, and supports a portfolio of highly robust proprietary
security, OEM and Biometric solutions. In addition, Sequiam provides
research and development services for the biometric industry
worldwide. Sequiam's solutions incorporate low cost, high volume
manufacturing processes indicated for the consumer and small business
markets.
Safe Harbor Statement - Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a
safe harbor for forward-looking statements made on behalf of the
company and its subsidiaries. All such forward-looking statements are,
by necessity, only estimates of future results and actual results
achieved by the company may differ materially from these statements
due to a number of factors. Any forward-looking statements speak only
as of the date made. Statements made in this document that are not
purely historical are forward-looking statements, including any
statements as to beliefs, plans, expectations, or intentions regarding
the future. Risk factors that may cause results to differ from
projections include, without limitation, loss of suppliers, loss of
customers, inadequate capital, competition, loss of key executives,
declining prices, and other economic factors. The company assumes no
obligations to update these forward-looking statements to reflect
actual results, changes in assumptions or changes in other factors
affecting such statements. You should independently investigate and
fully understand all risks before making investment decisions.
KEYWORD: ASIA PACIFIC NORTH AMERICA FLORIDA UNITED STATES CHINA
INDUSTRY KEYWORD: TECHNOLOGY GOVERNMENT DEFENSE HARDWARE INTERNET SOFTWARE MANUFACTURING PROFESSIONAL SERVICES CONSULTING CONTRACT/AGREEMENT
SOURCE: Sequiam Corporation
CONTACT INFORMATION:
Sequiam Corporation, Orlando
Kevin Henderson, 407-541-0773
investor@sequiam.com
http://www.sequiam.com
Itronics Inc. ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reported
today that first quarter 2006 GOLD'n GRO fertilizer division sales by its
subsidiary, Itronics Metallurgical, Inc., were $332,000 compared to $260,000
in the comparable quarter last year, an increase of 27.5 percent. GOLD'n GRO
liquid fertilizer sales were $240,000, up 14 percent in the first quarter
despite a rainy early spring in central California, a key sales territory.
Silver sales were $72,000, up 170 percent in the first quarter. Itronics
expects to report full financial results on May 15 when it files its
Form 10-QSB for the quarter ended March 31, 2006.
"The Company recently tripled silver recovery and refining capacity and we
expect silver sales to increase accordingly, driven by growth in GOLD'n GRO
liquid fertilizer sales in 2006," said Dr. John Whitney, Itronics President.
"The previously adopted eight part long term growth plan is being implemented
and we are beginning to see the anticipated positive results."
About Itronics
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the
only company in the world with a "Beneficial Use Photochemical, Silver, and
Water Recycling" facility that extracts more than 99 percent of the silver and
virtually all the other toxic heavy metals from used photoliquids and converts
the resulting liquids into environmentally beneficial, chelated, multinutrient
liquid fertilizer products sold under the GOLD'n GRO trademark, and 5 troy
ounce, 0.999 pure, Silver Nevada Miner numismatic bars. The environmentally
friendly liquid fertilizers can be used for lawns and houseplants, and are
available, along with GOLD'n GRO liquid fertilizer injectors, at the Company's
"e-store" catalog at http://goldngro.com . The popular Silver Nevada Miner
bars are available at the Company's 'e-store' catalog at
http://www.itromet.com .
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Environmental
Technology" company and a world leader in photochemical recycling. The
Company also provides project planning and technical services to the mining
industry and operates the global Internet Information Portal,
http://www.insidemetals.com . Dr. John Whitney, Itronics President, was
selected as Nevada's Inventor of the Year for 2000 and is a member of the
Inventor's Hall of Fame at the University of Nevada, Reno. Itronics was one
of five finalists for the 2001 Kirkpatrick Chemical Engineering Award, the
most prestigious worldwide award in chemical engineering technologies.
Itronics was awarded second place, Highly Commended in the Environmental
Technology category, at the prestigious Institution of Chemical Engineers
(IChemE) 2005 Worldwide Environmental Award ceremonies at the Royal Courts of
Justice in London, England in September 2005. Itronics was awarded the USA
Gold Award at the House of Commons in London in November 2005 as part of the
International Green Apple Environmental Awards contest, one of the largest and
most prestigious of its kind in the world. Itronics' GOLD'n GRO fertilizer
was named one of the top 10 new technologies representing the best of
agricultural innovation by the Canadian Association of Agri-Retailers in its
December 2005 publication "Communicator."
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This press release contains or may contain forward-looking
statements such as statements regarding the Company's growth and
profitability, growth strategy, liquidity and access to public markets,
operating expense reduction, and trends in the industry in which the Company
operates. The forward-looking statements contained in this press release are
also subject to other risks and uncertainties, including those more fully
described in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to update these forward-looking
statements to reflect actual results, changes in risks, uncertainties or
assumptions underlying or affecting such statements, or for prospective events
that may have a retroactive effect.)
SOURCE Itronics Inc.
Contact Information:
Paul Knopick, +1-888-795-6336, for Itronics Inc.
WebSite:
http://www.itromet.com
DNAPrint Genomics, Inc. DNAG) today announced that the Company has received a Notice of Allowance from the U.S.
Patent and Tradmark Office for a patent application, Methods for the
Identification of Genetic Features for Complex Genetics Classifiers. The
patent protects the Company's methods for identifying links between gene
sequences and phenotypes (physical or medical traits).
"Gene sequences are highly polymorphic in the population, which means that
they come in various forms or 'flavors,'" stated DNAPrint Genomics Founder
and Chief Scientific Officer Tony N. Frudakis. "Polymorphism is usually
measured at the level of the single nucleotide polymorphism (SNP) but our
technology measures at the level of the haplotype (strings of SNPs), which
provides researchers considerably more information. The methods covered in
the patent allow for an efficient and powerful means for identifying
haplotype."
The recent patent provides legal protection for DNAPrint's status as one of
a very few companies currently capable of performing objective,
assumption-free haplotype analyses. DNAPrint is also the only company
currently using Ancestry Informative Markers (AIMs) and has patents pending
in this area as well. Because of limitations with traditional genome
screening methods and the complex genetic characteristics of modern
populations, AIMS are integral to the development of DNA tests for the
inference of genetic ancestry based on phenotypes, including identifying
certain physical characteristics, or an individual's predisposition to
respond to certain drugs.
"The Company is committed to developing a new class of drugs, called
'theranostics,' which are test+drug combinations designed to help ensure
that patients receive the appropriate medicine and proper dosage based on
their genetic constitution. The application of theranostics is also
designed to increase efficacy and reduce side-effects," said DNAPrint
Chairman and Chief Medical Officer Hector J. Gomez, M.D., Ph.D. "Our
sophisticated genetics technology is playing a key role in the research and
development of potential new drugs."
"This patent cuts across a wide audience of developers from drug companies
to people working on technology in the forensics and consumer areas,"
stated DNAPrint President and Chief Executive Officer Richard Gabriel. "We
plan to vigorously utilize and practice our patents and we will be
reviewing the fields of genetic testing, drug development, forensic
sciences and consumer products with our patent counsel to determine
potential areas of development. We want to ensure that we extract the
greatest economic value out of this patent for our shareholders and
investors."
DNAPrint Genomics currently holds two patents and has several others
pending or in the hands of patent counsel.
About DNAPrint Genomics, Inc.
DNAPrint Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based
products and services in two primary markets: biomedical and forensics.
DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary, develops
diagnostic tests and theranostic products (drug/test combinations) using
the Company's proprietary ancestry-informed genetic marker studies combined
with proprietary computational modeling technology. Computational Biology
and Pharmacogenomics services are also offered externally to
biopharmaceutical companies. The Company's first theranostic product is
PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of
anemia in renal dialysis patients (with end stage renal disease).
Preclinical and clinical development of all the Company's drug candidates
will benefit from simulated pre-trials to design actual trials better and
are targeted to patients with genetic profiles indicating their propensity
to have the best clinical responses. DNAPrint is proud of its continued
dedication to developing and supplying new technological advances in law
enforcement and consumer ancestry heritage interests. Please refer to
www.dnaprint.com for information on law enforcement and consumer
applications which include DNAWITNESS(TM), RETINOME(TM), ANCESTRYbyDNA(TM)
and EURO-DNA(TM). DNAWitness-Y and DNAWitness-Mito are two tests offered by
the Company. The results from these tests may be used as identification
tools when a DNA sample is deteriorated or compromised or other DNA testing
fails to yield acceptable results.
Forward-Looking Statements
All statements in this press release that are not historical are
forward-looking statements. Such statements are subject to risks and
uncertainties that could cause actual results to differ materially from
those projected, including, but not limited to, uncertainties relating to
technologies, product development, manufacturing, market acceptance, cost
and pricing of DNAPrint's products, dependence on collaborations and
partners, regulatory approvals, competition, intellectual property of
others, and patent protection and litigation. DNAPrint Genomics, Inc.
expressly disclaims any obligation or undertaking, except as may be
required by applicable law or regulation to release publicly any updates or
revisions to any
forward-looking statements contained herein to reflect any change in
DNAPrint's expectations with regard thereto or any change in events,
conditions, or circumstances on which any such statements are based.
Company Contact:
Richard Gabriel
CEO and President
941 366-3400
Ron Stabiner
The Wall Street Group, Inc.
212-888-4848
GPS Industries Inc. GPSN), the leading innovator of Wi-Fi enabled GPS communications for golf facilities
and residential communities, is pleased to announce that one of Canada's
premier golf communities, Morgan Creek, has contracted to install the
Inforemer GPS Golf Management System. The $254,000.00 sale will see the
entire fleet of 84 carts customized with full-color, interactive display
screens.
"One of the things that is so remarkable about the Inforemer system is the
sheer quality of their graphic display," says Morgan Creek's Director of
Golf, Wayne Vollmer. "The renderings of the holes are spectacular, the best
I've ever seen."
In addition to GPS Industries patented distance measuring technology, the
Inforemer System incorporates a full suite of management tools and
wireless (Wi-Fi) communications options. "Obviously we wanted this system
to enhance the golf experience for our players, but the management systems
are just as important. The Inforemer system helps us dramatically improve
efficiency throughout the facility. It's tremendous!" He cites one example:
"We host a lot of events here and the tournament scoring module will help
us deliver perfectly accurate results almost instantly. So instead of tying
up a staff Professional for two hours, we'll have scoring wrapped up in two
minutes."
Morgan Creek is taking further advantage of the dazzling color display
screens through the sale of on-screen advertising messages. The results are
impressive, as Vollmer explains: "Even before the system had been installed
we pre-sold about a third of all the ad packages available. That's more
than $60,000.00 in new revenue!"
Bob Silzer, President and CEO of GPSI, says, "Morgan Creek is one of the
most prestigious communities in Greater Vancouver and their golf course is
consistently regarded as one of the finest in the country. All of us at GPS
Industries are thrilled to welcome them as a customer."
About GPS Industries (GPSI)
GPS Industries, Inc. (OTC BB: GPSN) develops and markets GPS and Wi-Fi
wireless multimedia solutions for golf facilities and residential
communities. The company's patented Inforemer Golf Management System
provides: precision GPS distance information, a Wi-Fi communications
network with asset tracking capabilities, augmented by a powerful suite of
operations management tools and revenue generating modules. Central to the
Inforemer's functionality are the full color cart-mounted or handheld LCD
display units which have been recognized for their powerful visual impact.
For additional information on GPSI and the Inforemer Golf Management
System, please visit www.gpsindustries.com
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results may
differ materially as a result of certain risks and uncertainties. These
risks and uncertainties include, but are not limited to: The Company's
ability to raise finance; global and market conditions within the golf
industry; demand for and market acceptance of new and existing products;
successful development of new products; the timing of new product
introductions; pricing pressures and other competitive factors; the ability
to develop and implement new technologies and to obtain protection for the
related intellectual property; as well as other risks and uncertainties,
including but not limited to those detailed from time to time in the
company's Securities and Exchange Commission filings. These forward-looking
statements are made only as of the date hereof, and the company undertakes
no obligation to update or revise the forward-looking statements, whether
as a result of new information, future events or otherwise. Other brands
and names contained in this release are the property of their respective
owners.
Contact:
Steve Barrett
Director, Marketing & Communications
604-576-7442
steven@gpsindustries.com
Ryan Gray
Investor Relations
310-276-6743
ryan@gpsindustries.com
China Health Holding CHHH), a developer, marketer
and manufacturer of natural herbal supplement products based on
traditional Chinese medicine, announced today that the Company entered
into a Letter of Intent with Henan Tiankang Pharmaceuticals Ltd. (PR
China) for the proposed acquisition by the Company of 51% or more of
Henan Tiankang Pharmaceuticals Ltd. Pursuant to the letter of intent,
the parties have expressed their intent and support for the
cooperation and accomplishment of the acquisition of Henan
Tiankang Pharmaceuticals Ltd. by the Company. Further, Henan Tiankang
Pharmaceuticals Ltd. has agreed to offer the Company with first
refusal rights and legal exclusive rights for further acquisition of
51% or more of Henan Tiankang Pharmaceuticals Ltd. in the next 9
months from the date of signed Letter of Intent. The completion of the
acquisition is subject to the negotiation and execution of a
definitive acquisition agreement, as well as to the completion of full
legal and financial due diligence, including the determination of the
valuation of Henan Tiankang Pharmaceuticals Ltd., and the completion
and delivery of audited financial statements of Henan Tiankang
Pharmaceuticals Ltd.
The acquisition contemplated by the Letter of Intent with Henan
Tiankang Pharmaceuticals Ltd. is part of the Company's updated growth
strategy. Management believes that its strategy of pursuing the
strategic combination of assets and net income and unique enhanced
natural medicinal products and technologies will accrete value to
shareholders. Management also believes that its growth strategy will
assist the company in securing a strong future and powerful position
in the global natural medicinal industry and pharmaceutical industry.
About Henan Tiankang Pharmaceuticals Ltd.
Henan Tiankang Pharmaceuticals Ltd., which was established under
the laws of the Peoples Republic of China and is based in Henan,
China, is a pharmaceutical manufacturer and research and development
company that has been GMP certified (in 2004) by the Peoples Republic
of China State Drug Administrative Agency. Henan Tiankang
Pharmaceuticals Ltd. was organized in 2002 following the restructuring
of Henan XinYuan Pharmaceuticals, which had 40 years of operating
history and accomplishments in the Peoples Republic of China. Henan
Tiankang Pharmaceuticals Ltd. also acquired Henan XinLuei
Pharmaceuticals (formerly known as Henan Guishanshencao
Pharmaceuticals) in 2005.
About China Health Holding, Inc.
China Health Holding, Inc., incorporated in 2002, is a developer,
marketer and manufacturer of Innovative Enhanced Traditional Chinese
Medicinal herbal supplement product lines. The Company's product lines
also include dietary food supplements that are helpful in
strengthening the immune system and cardio-cerebral vascular function
as well as promoting overall physical and mental health.
The Company plans to introduce a line of natural skin care and
cosmetic products as well as to develop new products based on its
knowledge of traditional Chinese medical practice. Please visit China
Health Holding, Inc.'s website www.chinahealthholding.com for Company
Profile details.
Safe Harbor
To the extent that statements in the press releases are not
strictly historical, including statements as to revenue projections,
business strategy, outlook, objectives, future milestones, plans,
intentions, goals, future financial conditions, future collaboration
agreements, the success of the Company's development, events
conditioned on stockholder or other approval, or otherwise as to
future events, such statements are forward-looking. All
forward-looking statements, whether written or oral, and whether made
by or on behalf of the company, are expressly qualified by the
cautionary statements and any other cautionary statements which may
accompany the forward-looking statements, and are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made. Other important
factors that could cause actual results to differ materially include
the following: business conditions and the amount of growth in the
Company's industry and general economy; competitive factors; ability
to attract and retain personnel; the price of the Company's stock; and
the risk factors set forth from time to time in the Company's SEC
reports, including but not limited to its annual report on Form
10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form
8-K. In addition, the company disclaims any obligation to update or
correct any forward-looking statements in all the Company's press
releases to reflect events or circumstances after the date hereof.
KEYWORD: ASIA PACIFIC NORTH AMERICA CANADA CHINA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE MERGER/ACQUISITION
SOURCE: China Health Holding
CONTACT INFORMATION:
China Health Holding, Inc. (USA and Beijing, PR China)
Julianna Lu, 778-893-8909
Fax: 604-601-2078
www.chinahealthholding.com
info@chinahealthholding.com
or
James H. Simpson, 604-608-6788
AOGS - UPDA - Avalon Oil & Gas, Inc., (OTCBB:) ("Avalon")
announced today that it has closed its agreement to acquire a fifty
percent (50%) working interest in a 266.73-acre oil and gas lease in
Starr County, Texas, from Canyon Creek Oil and Gas, Inc. This
announcement follows Avalon's April 6, 2006, announcement of a Letter
of Intent to acquire this property.
The lease is located in the Boyle Field, an oil field that has
produced over 1,259,000 barrels of oil. Avalon Oil & Gas estimates the
remaining reserves total over 1,283,000 barrels of oil and 242,900
mcfg.
"We are reviewing an AFE to work-over the four (4) shut-in oil and
gas wells, and expect work on the lease to begin within the next
thirty (30) days," stated Avalon's CEO, Kent Rodriguez.
The 266.73 acre property has four shut-in oil and gas wells. The
Company intends to drill and complete ten additional wells during the
next twelve months to further develop the oil reserves. Oil production
is projected to reach 1,000 barrels of oil per day when the lease is
fully developed.
Canyon Creek Oil and Gas, Inc., is a subsidiary of Universal
Property Development and Acquisition Corporation (OTCBB:UPDA). UPDA is
a publicly funded oil & gas company that targets projects with high
net revenue interests, where risk has been substantially reduced by
meticulous technical evaluation and geophysics.
Avalon Oil & Gas, Inc. is an oil and gas company engaged in the
acquisition of oil and gas producing properties with multiple
enhancement opportunities.
Forward-looking statements in the release are made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Reform Act
of 1995. These forward- looking statements are subject to certain
risks, and uncertainties and actual results could differ from those
discussed. This is material information only and is not an offer or
solicitation to buy or sell the securities.
KEYWORD: NORTH AMERICA MINNESOTA TEXAS UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS NATURAL RESOURCES MERGER/ACQUISITION
SOURCE: Avalon Oil & Gas, Inc.
CONTACT INFORMATION:
Avalon Oil & Gas, Inc., Minneapolis
Kent Rodriguez, 612-359-9020
Fax: 612-359-9017
www.avalonoilinc.com
American Energy Production Inc. AMEP) announced today the filing of it annual 10-K financial report ending
December 31, 2005.
2005 Financial and Operational Highlights:
-- Net Income increased from (-$5,049,995) in 2004 to a positive
$13,920,315 in 2005
-- Operating expenses decreased $939,415 in 2005
-- Interest expense decreased to $595,125 in 2005 from $3,820,828 in 2004
-- Cash flow increased to $471,339 in 2005 from $268,665 in 2004
-- Net asset value at beginning of period $.01; Net asset value at end of
period $.05.
-- Total stockholders equity increased to $18,577,714 in 2005 from
$1,946,766 in 2004
Charles Bitters, President of American Energy Production Inc., said, "The
Company is very pleased with the progress of AMEP and its wholly owned
investees Bend Arch Petroleum Inc., Production Resources Inc. and Oil
America Group Corp. The annual financial report shows the building of an
oil company one lease and one oil or natural gas well at a time, while
cutting debt and liabilities as the Company grows. AMEP assets have
increased to $18,577,714 with the acquisition of oil and gas leases,
drilling rigs, oil and gas production equipment and rolling stock the
investees have accumulated in 2004 and 2005. The investees have positioned
themselves to take full advantage of the historically high oil and natural
gas prices."
2006 OUTLOOK
American Energy Production Inc. and its investees will be able to
participate in many more oil and natural gas projects because of the
ownership of its own drilling rigs. This rig availability allows Bend Arch
Petroleum Inc. to select and drill Barnett Shale prospects that have the
most potential for success. With 7000+ acres of Barnett Shale leases in
the Ft. Worth Basin, which are held by producing oil or gas wells, Bend
Arch Petroleum will continue to drill and develop its own leases as well as
joint venture with other local operators.
Production Resources Inc. located in Medina County, Texas is continuing
with the testing of AMEP HOA-800 on the heavy oil produced from the Olmas
formation. With world oil prices at new record levels the Company will be
able to extend the testing to promising areas located on the 1700 acres
currently owned by PRI.
Oil America Group Corp., located in Dallas, Texas is becoming a very
integral investee of American Energy Production Inc. Joe Christopher,
President of Oil America Group Corp., is currently structuring oil and
natural gas partnerships to raise money to drill Barnett Shale acreage
owned by Bend Arch Petroleum Inc. Many investors recognize high oil and
natural gas prices at the pump may be offset by investing in their own oil
or natural gas wells.
ABOUT AMEP
American Energy Production, Inc. ("American Energy," "the Company," "we,"
"us") is a publicly traded business development company that is engaged
primarily in the investment in other companies that acquire, develop,
produce, explore and sell oil and gas. The Company anticipates that the
companies it has invested in will be able to sell all oil that it can
produce to petroleum refiners and marketers under the terms of short-term
purchase contracts and at prices in accordance with arrangements that are
customary in the oil industry. Our capital is generally used by our
portfolio companies to finance growth and working capital.
FORWARD-LOOKING STATEMENTS
Statements contained in this release, which are not historical facts, may
be considered "forward-looking statements" and are based on current
expectations and the current economic environment. We caution the reader
that such forward-looking statements are not guarantees of future
performance. Unknown risk, uncertainties, as well as other uncontrollable
or unknown factors could cause actual results to materially differ from the
result, performance, or expectations expressed or implied by such
forward-looking statements.
American Energy Production Inc.
Charles Bitters
210-410-8158
www.americanenergyproduction.com
Or
Oil America Group Inc.
Joe Christopher
972-386-0601
jchristopher@oilamericagroup.com
LoftWerks, Inc. (OTC: LFWK) today announced
that a Liberian supplier of mid- and high-grade lumber cut to traditional
North American building lengths and standards will finalize a Preferred
Vendor Status Contract with Sulja Bros. as soon as is practical considering
the sanctions soon to be lifted from the Liberian timber industry.
A Liberian official earlier said that the country is embarking on a
vigorous post-conflict Economic Recovery Program with the intent of placing
the country on a viable economic path.
The supply-side contract could increase margins by as much as 19% (12-31%)
per annum. The dialogue has also opened venues for further transactions
that include Sulja actively seeking out North American suppliers of
traditional staples and infrastructure materials like asphalt, low-cost,
modular housing structures, and even rice.
Petar Vucicevich, Director General of Consultech Construction Management,
Inc., also re-iterated (from an earlier release) that revenue projections
for Sulja should exceed $50 million for the twelve-month period following
the completion of the merger and the broader market opportunities that
await the post-merger Sulja Bros. The financial reports for Sulja Bros.
are available for viewing at www.suljabros.com.
This contains forward-looking information within the meaning of The Private
Securities Litigation Act of 1995. Forward-looking statements maybe
identified through the use of words such as "expects," "will,"
"anticipates," "estimates," "believes," or statements indicating certain
actions: "may," "could," "should" or "might occur." Such forward-looking
statements involve certain risks and uncertainties. The actual results may
differ materially from such forward-looking statements. The company does
not undertake to publicly update or revise its forward-looking statements
even if experience or future changes make it clear that any projected
results (expressed or implied) will not be realized.
AMHD) Kerry Associates is pleased to announce that it has
entered into negotiations on behalf of Amelot Holdings, Inc. (Pink
Sheets: with two leading Bio Diesel Technology and Processing
Equipment suppliers. These negotiations are for turn key facilities.
Discussions will consist of technology superiority, processing
equipment, construction of facilities, operations training, project
cost and time frames. "We are getting closer to achieving our
objective for Amelots' Bio-Diesel division." stated, Aziz Hirji,
President of Amelot Holdings.
Updates can also be found at:
http://www.amelotholdings.com/project.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on
acquiring under-valued, high-growth firms and properties in the
natural resource industry.
About Kerry Associates, Inc.
Kerry Associates Inc. is a business consulting firm helping
companies develop and expand into emerging markets while strategically
executing their objectives.
Statements in this press release that are not historical facts are
forward-looking statements within the meaning of the Securities Act of
1933, as amended. Those statements include statements regarding the
intent, belief or current expectations of the Company and its
management. Such statements reflect management's current views, are
based on certain assumptions and involve risks and uncertainties.
Actual results, events, or performance may differ materially from the
above forward-looking statements due to a number of important factors,
and will be dependent upon a variety of factors, including, but not
limited to, our ability to obtain additional financing and access
funds from our existing financing arrangements that will allow us to
continue our current and future operations and whether demand for our
products and services in domestic and international markets will
continue to expand. The Company undertakes no obligation to publicly
update these forward-looking statements to reflect events or
circumstances that occur after the date hereof or to reflect any
change in the Company's expectations with regard to these
forward-looking statements or the occurrence of unanticipated events.
KEYWORD: NORTH AMERICA MASSACHUSETTS UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OIL/GAS NATURAL RESOURCES
SOURCE: Kerry Associates, Inc.
CONTACT INFORMATION:
Kerry Associates
Rob Wells, 603-487-3194
MobilePro Corp. MOBL), a leading broadband wireless services company,
announced today that its WazTempe network continues to add paying subscribers
with April gross revenue up 27% over the same period during March.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO )
MobilePro's Tempe, Ariz., Wi-Fi network, which is marketed under the name
WazTempe, has more than 600 access points throughout the city and was
substantially completed on February 28, 2006.
Jay Wright, chairman and CEO of MobilePro, said, "Month over month revenue
growth is strong, reflecting rising customer usage of our WazTempe network. As
we are still early in the customer adoption cycle, we anticipate further rapid
growth as people become familiar with the technology and the flexibility that
the city-wide wireless network provides."
Local residents, visitors, students and mobile workers can secure true
mobile broadband connectivity by simply acquiring the service through the
WazTempe SSID on their Wi-Fi-enabled laptop or other access device.
About MobilePro Corp.
MobilePro Corp. is one of North America's leading wireless broadband
companies, serving over 20,000 wireless broadband customers through its
subsidiaries NeoReach Wireless and Kite Broadband. The company, based in
Bethesda, Md., is focused on creating shareholder value by acquiring and
growing profitable telecommunications companies, developing innovative
wireless technologies and forging strategic alliances with well-positioned
companies in complementary product lines and industries. MobilePro serves over
220,000 customer lines throughout the United States, primarily through its
CloseCall America, American Fiber Network, Kite Broadband and Nationwide
Internet subsidiaries.
For more information on MobilePro's wireless division, visit
http://www.wazmetro.com or call Alan Crancer at (601) 914-2000.
An investment profile about MobilePro Corp. may be found online at
http://www.hawkassociates.com/mobilepro/profile.htm .
For more information regarding MobilePro, contact MobilePro CEO Jay Wright
at (301) 315-9040, e-mail: jwright22@closecall.com . Detailed information
about MobilePro can be found at http://www.mobileprocorp.com . For investor
relations information regarding MobilePro, contact Frank Hawkins or Julie
Marshall, Hawk Associates, at (305) 451-1888, e-mail:
info@hawkassociates.com . An online investor relations kit including copies of
MobilePro press releases, current price quotes, stock charts and other
valuable information for investors may be found at
http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Certain of the statements contained herein may be, within the meaning of
the federal securities laws, "forward-looking statements," which are subject
to risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that 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. See
the company's Form 10-KSB for the fiscal year ended March 31, 2005 and its
Forms 10-QSB for the quarters ended June 30, 2005, September 30, 2005 and
December 31, 2005 for a discussion of such risks, uncertainties and other
factors. These forward-looking statements are based on management's
expectations as of the date hereof, and the company does not undertake any
responsibility to update any of these statements in the future. Shareholders
should also note that the revenue numbers cited in this release have not been
audited by MobilePro's auditors.
SOURCE MobilePro Corp.
Contact Information:
Jay Wright, CEO, MobilePro, +1-301-315-9040, or jwright22@closecall.com; or Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-451-1888, or info@hawkassociates.com, for MobilePro; or Alan Crancer, MobilePro's wireless division, +1-601-914-2000
WebSite:
http://www.americanmicrocaps.com
Wild Brush Energy (OTC: WBRS) has secured the
rights to a total of six Federal Oil & Gas Leases within the State of
Wyoming. The Company will primarily focus on the four oil & gas property
acquisitions within the Powder River Basin region of Wyoming.
The Powder River Basin boasts a high success rate of profitable
discoveries; this has given the Company great confidence in further
potential property evaluation and acquisition. Wild Brush's primary
business strategy is focused on the exploration, acquisition, and expansion
of low risk high reserve projects with significant resource potential in
this Basin area.
Wild Brush also has one lease located in Wyoming's Green River Basin.
According to the Bureau of Land Management, this Basin contains over one
billion barrels of recoverable oil and 43.6 trillion cubic feet of
recoverable natural gas.
The Company's sixth lease is located in the Bighorn Basin region of Wyoming
State. This region is one of the most active natural gas areas in the state
of Wyoming. Exploration and refinery operators include companies such as
ExxonMobile, Western Gas, and Duke Energy.
Powder River Basin
This Basin has an estimated at 32 trillion cubic feet of natural gas.
Nearly 100 wells are being drilled each week, and estimates for a fully
developed basin are at almost 100,000 wells. Within the last ten years,
this has been the largest onshore natural gas play in North America.
Proved reserves of natural gas in Wyoming are at an all time high of nearly
19 trillion cubic feet, while proved reserves of crude oil are close to 500
million barrels. Collectively over 26,000 wells produced 54.7 million
barrels of oil and 1.75 trillion cubic feet of natural gas in Wyoming State
annually.
About Wild Brush Energy Inc.
Wild Brush Energy is a diversified energy company whose primary goal is to
identify and develop Oil & Coalbed Methane sites within the State of
Wyoming. In addition, Wild Brush Energy continues to evaluate clean air
alternative energy producing technologies such as Wind Power. Wild Brush
trades in the U.S. under the symbol "WBRS."
Safe Harbor for forward-looking statements
This release contains certain statements that are "forward-looking"
statements (as the term is defined in the Private Securities Litigation
Reform Act of 1995). Any such forward-looking statements are inherently
speculative and are based on currently available information, operating
plans and projections about future expectations and trends. As such, they
are subject to numerous risks and uncertainties, such as general economic
and business conditions, the ability to acquire and develop specific
projects, the ability to fund operations, and other factors over which Wild
Brush Energy Inc. has little or no control. Actual results and performance
may be significantly different from expectations or trends expressed or
implied by such forward-looking statements. Wild Brush Energy Inc.
expressly disclaims any obligation to update the statements contained in
this release.
Contact:
Wild Brush Energy Inc.
1-206-652-3310
Investor Relations:
1-866-683-8600
Email Contact
www.wildbrushinc.com
Imperia Entertainment, Inc. IPRE) announced today that it has issued the following letter to shareholders.
Dear Shareholders,
This is my fourth letter to you as president of Imperia. As I
stated in my first letter, I use these opportunities to express myself
to you and give you full disclosure about the company. I stated in my
last shareholder letter that I would:
A) Always inform you about what is going on with the company, to
the best of my knowledge.
B) Give it to you straight without trying to sugar-coat things.
That is just the way I do business. Like I have said before, I
have a conscience and would never deliberately mislead anyone. I also
believe communication is very important.
Just to give you some quick background on the company structure, I
have been in the entertainment business for several years. I produced
and directed "All That I Need" and got it into theatres prior to being
hired as president of Imperia. I handle the development and the
overseeing of entertainment projects for the company.
Kenneth Eade is the former president, and still serves as chairman
for the company. Both of our bios are listed on the Imperia website:
http://www.allthatineed.net/impaboutus.html.
I have owned and operated other businesses prior to getting
involved in the entertainment business but Mr. Eade is infinitely more
experienced when it comes to fundraising for the company, and he is
currently handling those duties.
In my last shareholder letter, released April 3rd, I stated the
following:
"We had to sell a large amount of shares in order to raise extra
money for our feature film, 'Say It In Russian.' This is a temporary
situation as we are almost done filming. We went over budget in our
foreign location shooting, but it has added great production value to
the movie. The good news is that we have raised the necessary
completion funds."
I also stated the current share structure as:
"The company has approximately 204,000,000 shares outstanding and
83,000,000 of those shares are restricted."
At the time, to my knowledge, this was the absolute truth. As some
of you may or may not know, I often take the time to respond directly
to shareholders. A few days ago, a shareholder wrote me and asked if
the company was selling shares. I responded by saying the following,
and the reply was subsequently posted on the Internet:
"To my knowledge there are no shares being sold by the company,
and I don't know of any plans to sell shares in the near future." At
the time, I was not aware that the company's Regulation D offering had
not yet been closed, because of the need to pay expenses on our latest
film, "Say it in Russian."
When I learned that the company has continued to sell shares in
its Regulation D offering, I became very concerned by this information
as I am close with many shareholders and my reputation is very
important to me. When this new information came to light, I
immediately shared this information with shareholders who contacted
me. Unfortunately this resulted in them calling me a liar, which I am
not.
The reason why the company has continued to sell shares is that
our latest feature film, "Say it in Russian," which Mr. Eade produces,
went over budget. The cost of the movie went from the estimate of $1.8
million that we had on April 3rd to $2.7 million, which was disclosed
by the production accountant in a cost report yesterday. We believe
that this expense was necessary, not only to complete the film, but to
maintain a high quality. To put things in perspective, my movie, which
was released in theatres, cost less than $100,000 to make. "Say It In
Russian" is a much more elaborate and polished movie, shot on
35-millimeter film. It has a recognizable cast and was shot in three
different countries including France, Russia and the U.S. It is only
worth it to us to have a product that is attractive to film buyers, so
it was decided to make the project look as great as possible and to
add value to it. At this point, all of the costs for the actual
filming and production of the movie have been incurred and must be
paid in full. This will take approximately two to three weeks to
complete, and then the only recurring costs will be promotional.
It is my belief that there are people out there who are out to
make a quick buck. There are a lot of ways to do that. The only way to
make a living long term is to focus on longevity and to building a
reputation. No matter what, it is important for me to maintain my
integrity. I have a long-term plan for this company and I want to see
it through.
"Say It In Russian" was largely overseen by Mr. Eade, as it was
his project, and it was put into development prior to me even coming
aboard Imperia last year. I will personally be much more involved in
the upcoming projects.
A finished movie has a value, so now that "Say It In Russian" is
added to our library, it is a big plus for us. I am very excited that
the day is fast approaching that more money will not need to be raised
for it. And I would like to point out that the majority of the budget
for the movie was not raised through the Regulation D offering. The
offering became necessary as a result of going over budget and the
costs having to be paid. The current outstanding common shares of the
company now stand at 528,528,467.
Investors have asked me about why we would sell the stock with the
price so low and why we haven't let it breathe more. The reality of
the situation is that the bills need to be paid now. Another reason is
that a market developed for the stock at these prices that is much
more robust than it was when it was being traded at higher prices. I
believe that the market that is being developed will be of benefit to
shareholders and the company. I should caution you however, that I
never know where the stock price will go. I spend most of my time
focused on building value for the company. The market sets the stock
price, and dictates the volume.
I want to assure you that I will do the best I can to build value
in this company. There are projects currently being worked on in
addition to "Say It In Russian" that are very exciting for our future.
We are also making some aggressive moves getting involved with online
and other distribution.
And, don't forget that Cannes is just around the corner. Now that
"Say It In Russian" is complete we can start selling to distributors.
We have already gotten several offers. I intend to use those sales to
put more value into the company.
I thank you for standing by me, and I greatly apologize for any
confusion or frustration you have been experiencing. I will do my best
to keep you accurately informed in the future.
Thanks again for your patience.
All the best,
James Hergott
President of Imperia Entertainment
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Imperia Entertainment, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that could
cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES PROFESSIONAL SERVICES FINANCE
SOURCE: Imperia Entertainment, Inc.
CONTACT INFORMATION:
Imperia Entertainment Inc.
James Hergott, 310-275-0089
or
Vivian Fullerlove, 214-564-3359 (Public Relations)
musbviv@yahoo.com
IKMA "The art and science of marketing is changing,"
says Paul Williams CEO of iKarma Inc., (OTC: ). "Unfortunately millions
of good small businesses are being left behind." Publications like Business
Week, INC., Forbes, Business 2.0, Fast Company and Wired may regularly
feature companies using cutting edge marketing techniques, but average
readers interested in actually implementing those ideas are often left
frustrated and confused. To enable small business owners around the world
to actually join this marketing revolution, iKarma has combined several of
today's most powerful marketing concepts into a single easy to use online
tool.
Get Viral and Sticky, RSS Linked and Web 2.0 Clique
iKarma combines reputation management, business networking, viral and word
of mouth marketing with a healthy dose of Web 2.0 interconnectivity to
create a marketing tool that can be used by almost any business, no matter
how large or small. Let's take a look at how iKarma combines these powerful
components:
-- Reputation Management
Vendors who sell products through Amazon and eBay have proven the economic
value of giving consumers an easy way to check a seller's reputation.
iKarma breaks the reputation manager free from the confines of traditional
closed auction and shopping websites and allows any business to reap the
benefits of capturing customer comments and ratings. iKarma then adds a
conflict resolution system to help handle temporary misunderstandings, and
a feedback system so iKarma users can add comments to each review. This
whole system is then optimized so iKarma user profiles rank high on search
engines like Google and Yahoo. Finally, iKarma lists users in its own
directory where businesses are listed by the reputations they earn, rather
than the money they pay.
-- Business/Social Networking
People are connecting and communicating like never before. Consumers trust
the opinions of other consumers, and the opinion of a trusted source trumps
every other form of advertising. The public fascination with networking can
be seen in the rapid growth of social networks like Flickr and MySpace, and
with business networks like LinkedIn and Ryze. To help iKarma users join in
this consumer-centric revolution, every iKarma profile features an advanced
network viewer making it easy to identify and connect with trusted
businesses through multiple degrees of separation. The iKarma network
viewer incorporates an advanced visual "mind map" interface (ex.
http://www.ikarma.com/user/networkviewer.asp?userid=1) that makes exploring
these interconnections a fun, easy and visual experience.
-- Viral Marketing
iKarma was designed from the ground up to be intensely viral. Every iKarma
user is guided through an automated process to add iKarma seals to their
email, website and other online and offline communications. Every iKarma
reviewer is given the option to forward their review to others who might
have an interest, and every iKarma profile contains a tell-a-friend feature
to spread this awareness even further. Search engine optimization ensures
iKarma profiles come up when anyone searches on an iKarma users name or
business, and/or when a search is done on the name or business of anyone
who has left a review. iKarma users even get viral exposure by reviewing
others. For example, let's say John posts a review on iKarma about the
great work that Cindy did for him. When Cindy tells others about her
iKarma profile, or when John's review of Cindy comes up in an online search
for her, John's review gets seen in addition to Cindy's. Any of these
people may now check out John's Profile. So, indirectly, John has spread
his own iKarma by simply reviewing other good service providers. This
makes iKarma a powerful source of indirect referrals, and a great way to
benefit by giving to others.
-- Word-of-Mouth
Word of mouth is so powerful that it trumps every other form of
advertising. But Word of mouth suffers from two weaknesses. First, most
consumers have a relatively small circle of friends and family with which
they share and exchange information. Second, the short attention span of
the general public gives word of mouth a limited window of time before
consumers start talking about something else. iKarma breaks through both of
these limitations. By making customer comments available online in written
form, a single iKarma review can be used to influence thousands of
prospects anywhere in the world. iKarma enables word of mouth to transcend
both time and distance.
-- Web 2.0
iKarma has been diligently working with the Web 2.0 community to
incorporate Web 2.0 features and open architecture. iKarma profiles can be
cross linked with a user's other online profiles to establish an
overlapping web of identify. These cross links could include a user's eBay
profile, social network profile or personal blog or website. iKarma
incorporates tagging so users can tag their own profile as well as that of
any individual review. RSS feeds of iKarma profiles are available in
multiple configurations and the popular iKarma Network Viewer can be
embedded in to any website. iKarma is currently accepting applications from
beta testers for its upcoming API.
iKarma, Positioned for Growth
Favorable reviews of iKarma have recently appeared in C/NET News, PBS and
across the web in various reviews by Bloggers, the Web 2.0 community and
even a few Venture capitalists. But iKarma is designed to grow all on its
own.
Every aspect of iKarma that helps our users build and spread their own
reputation also helps build and spread awareness of iKarma itself. Every
iKarma user who writes or requests a review, and every iKarma user who adds
an iKarma seal to their email, blog or website, helps spread public
awareness of iKarma to new users. Our free basic (advertising supported)
service combined with an easy upgrade path to our (planned) advanced paid
service, will ensure that iKarma is positioned for viral growth while
preserving a workable revenue model.
To ensure maximum media exposure, iKarma has built a tag based media alert
system that allows Bloggers and writers from various industry trade
publications to monitor what consumers are saying about businesses in the
industry they cover. iKarma is literally a story generator, and this new
feature should become a gold mine of story ideas for business writers as it
spreads public awareness of iKarma. Our terms of service give writers free
permission to quote from any iKarma review as long as iKarma.com is
credited as the source. Bloggers and writers interested in talking with us
about how trust and reputation influence their readers can contact us at
anytime for interviews and additional information.
About iKarma, Inc.
iKarma Inc. is a public company that trades on the Pink Sheets under the
symbol IKMA. Based in Jupiter, Florida, iKarma Inc. specializes in
providing reputation and customer feedback systems for businesses and
professionals. iKarma's mission is to help create prosperity and commerce
by bringing greater trust and openness to business transactions. iKarma is
a proud member of WOMMA, The Word of Mouth Marketing Association.
iKarma, iKarma.com, eReputation and eReputation.com are all service marks
owned by iKarma Inc.
Forward-Looking Statements
This release contains forward-looking statements, including the Company's
expectations or beliefs concerning, among other things, future operating
results and various components thereof. The Company cautions that such
matters necessarily involve significant risks and uncertainties that could
cause actual operating results and liquidity needs to differ materially
from such statements, including, without limitation: (i) increased
competition, (ii) changes in the demand for e-commerce and internet based
businesses and (iii) changes in general economic conditions. Investors are
advised to seek professional advice and conduct a complete due diligence
regarding this, or any other company being considered for investment
purposes. Investing in securities, particularly in issues priced at less
than $1 per share, involves substantial risk and may result in a partial or
complete loss of investment capital. Press releases issued by the company
should not be interpreted as an offer to sell or a solicitation to buy
company stock.
For general information about iKarma, visit http://www.iKarma.com.
iKarma Inc.
1203 Town Center Drive
Suite 212
Jupiter, Florida 33458
(561) 427-7285 Phone
(561) 427-7881 Fax
Keywords: reputation, reputation management, trust, viral marketing, social
network, business network, word of mouth, Web 2.0, Jupiter, Florida, Palm
Beach County.
For further information, contact:
Paul Williams
CEO, iKarma Inc.
info@iKarma.com
1.561.427.7285 Phone
1.561.427.7881 Fax
Energas Resources, Inc. EGSR) today announced
that a successful stimulation of the Carothers 1-19 well in their
Kansas field has raised production from that well from 6 barrels of
oil per day to 28 barrels of oil per day. This new oil production
essentially doubled the revenue from the field as a whole due to
favorable current oil prices. Energas owns a 16.75% WI equal to a
13.7% net revenue interest in the field. "We continue to have
confidence that 2006 will see our production ramp up and lead to
commensurate increases in other relevant metrics such as revenue, cash
flow, earnings and reserves," stated George Shaw, President.
"While we have been correcting some start-up equipment problems in
our Parkway Project, we have continued to see signs of good production
of both oil and gas from these wells," said Shaw. "Our new engineer
has been diligently working the wells and pipeline equipment in his
first two weeks on the job, and we expect to have production rates as
soon as he works out the issues. We have been impressed with his
efforts and are very pleased that he is on our team."
Safe Harbor Statement
When used in this press release, the words "intends," "believes,"
"anticipated" and "expects" and similar expressions are intended to
identify forward-looking statements. Such statements are subject to
risks and uncertainties, which could cause actual results to differ
materially from those projected. Factors that could cause or
contribute to such differences include normal risks associated with
oil and gas drilling activities. In addition, adverse weather
conditions can hinder or delay operations, as can shortages of
equipment and materials or unavailability of drilling, completion,
and/or work-over rigs. Even though a well is completed and is found to
be productive, water and/or other substances may be encountered in the
well, which may impair or prevent production or marketing of oil or
gas from the well.
KEYWORD: NORTH AMERICA KANSAS OKLAHOMA UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING ENGINEERING NATURAL RESOURCES EARNINGS
SOURCE: Energas Resources, Inc.
CONTACT INFORMATION:
Energas Resources, Inc., Oklahoma City
Scott Shaw, 405-879-1752
www.energasresources.com
or
Martin E. Janis & Company, Inc.
Bev Jedynak, 312-943-1100 ext. 12
Zynex Medical Holdings, Inc. ZYNX), a provider
of pain management systems and electrotherapy products for medical
patients with functional disability, today announced record revenues
for the year ended Dec. 31, 2005.
Net revenues from sales and rental of products increased 80% to a
record $2,258,808 compared with $1,256,676 in 2004. Net income was
107,956, or $.005 per share, compared with a net loss of (1,049,312),
or (0.04) per share, in 2004. Diluted weighted average shares
outstanding used in computing per share amounts were 23,506,001 and
22,728,763, respectively. Gross profit in 2005 increased 91.3% to
$1,949,181 compared with 1,019,032 in 2004. Gross profit margins for
2005 were 86.3% compared to 81.1% in 2004. The improvement in gross
profit and gross profit margin was due to an increase in revenue and
increased rental income as a percentage of total revenue without an
offsetting increase in the cost of goods sold.
"We are pleased that Zynex has achieved record revenues and that
the Company is reaping the benefits of the investments that we made in
our sales and marketing programs over the past two years," stated
President and Chief Executive Officer Thomas Sandgaard. "Intensified
marketing efforts led to greater awareness of the Company's
NeuroMove(TM) Stroke Recovery System and related products among
medical facilities and physicians. We plan to continue the sales
growth through 2006 as we concentrate on expanding our marketing
efforts in the U.S. and Europe."
The NeuroMove(TM) system increases the functionality of many
stroke victims by helping to teach the healthy parts of the brain to
compensate for damaged areas. The NeuroMove(TM), which is
significantly more sensitive than most diagnostic equipment, monitors
muscle activity and selects signals from the brain indicating that the
patient is attempting to move a certain muscle. It then introduces the
actual movement through electrical stimulation. Eventually the
connection between the brain and muscle can often be reestablished.
The NeuroMove(TM) (www.neuromove.com) also can be used to treat spinal
cord injuries.
About Zynex
Zynex Medical Holdings, Inc. (www.zynexmed.com), a leading
provider of therapeutic devices for patients with functional
disability through the creation, distribution, and marketing of
electrotherapy devices since 1996, strives to uphold its mission to
improve the quality of life of patients suffering from debilitating
pain or illness by providing innovative technology. Utilizing a unique
combination of electromyographic (EMG) technology combined with a
system of instruction and reinforcement, including electrical muscle
stimulation (EMS), Zynex offers new treatment options to post-stroke
and spinal injury patients.
Safe Harbor Provision
Certain statements in this release are "forward-looking" and as
such are subject to numerous risks and uncertainties. Actual results
may vary significantly from the results expressed or implied in such
statements. Factors that could cause actual results to materially
differ from forward-looking statements include, but are not limited
to, risks and delays associated with product development, risk of
market acceptance of products, technology or product obsolescence,
competitive risks, reliance on manufacturing partners, dependence on
reimbursement from insurance companies, additional capital needs and
other risks described in our Form 10-KSB for the year ended December
31, 2005.
-0-
*T
Consolidated Statement of Operations
Year Ended Dec. 31,
2005 2004
---- ----
Net Sales & Rental income $ 2,258,808 $ 1,256,676
Net Income (Loss) $ 107,956 $ (1,049,312)
Net Loss per Common Share -
Basic and Diluted $ .005 $ (0.04)
Common Shares Used in
Computing Per Share Amounts -
Diluted 23,506,011 22,728,763
*T
KEYWORD: NORTH AMERICA COLORADO UNITED STATES
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES EARNINGS
SOURCE: Zynex Medical Holdings, Inc.
CONTACT INFORMATION:
Zynex Medical Holdings, Inc.
Thomas Sandgaard, 303-703-4906
or
The Wall Street Group, Inc.
Ron Stabiner, 212-888-4848
Cambodian Ventures Limited CMBV) is pleased to announce that the recent stock dividend
has been completed and is scheduled to be paid to shareholders as of record
date April 20, 2006.
The company is also pleased to announce that it is moving forward with its
plan to spin-off two subsidiaries involved in the biotech and casino
business in Cambodia. The company intends to request from the exchange to
issue spin-off dividends to shareholders of record on April 28th, 2006.
A follow-up press release will be issued April 24, 2006 to give more
details on the dividend process.
Gary Fineberg, the President of Cambodian Ventures, commented that: "The
recent spike in the price of gold is going to allow the Company to focus on
its substantial new Gold Mining Interest and on potential new property
acquisitions in The Kingdom of Cambodia. The spin-off companies will
reward our loyal shareholders with an equity interest in two other entities
with superior growth potential outside of mining."
The company will also issue a press release within the next 10 days
updating investors on the progress of the joint venture negotiations with a
Cambodian partner for the exploration and development of a gold mining
project near the Memot - Snoul area of Cambodia.
Safe Harbor Statement: The statements, other than the statements of
historical facts may be deemed to contain forward-looking statements with
respect to events, the occurrence of which involves risk and uncertainties,
including, without limitation, demand and competition for the company's
products and services, the availability to the company of adequate
financing to support its anticipated activities, the ability of the company
to generate cash flow from operations and the ability of the company to
manage its operations.
Contact:
Cambodian Ventures Limited
1-(978) 654-5217
http://www.cambodianventures.com
HiEnergy Technologies, Inc. HIET), the homeland security industry leader in
neutron-based diagnostic technology, announced today that it has completed the
prototype testing required to proceed with the product launch of a new line of
robot-borne Atometer(TM) explosive detection devices, under the STARRAY(TM)
banner.
STARRAY(TM) evolved from HiEnergy's research and development efforts in
landmine detection with the U.S. Army and its recent advancements in stand-off
detection of improvised explosive devices, or IEDs. The first STARRAY(TM)
system is configured for the Andros Mark V robotic remote vehicle, which is
manufactured by Remotec, a subsidiary of Northrop Grumman, and can cover rough
terrain, climb stairs, clear obstacles and cross ditches in diverse weather
and heat conditions. The system is capable of non-invasively and remotely
determining, in a little as 40 seconds, the presence of landmines, concealed
explosives or unexploded ordnance in a specific area, and the type of
munitions or explosives discovered.
Bolstered by successful field testing, including two weeks of extensive
open-air live blind tests conducted with the U.S. Army, as well as strong
interest from the homeland security marketplace, management approved
STARRAY(TM) as HiEnergy's third commercial line to integrate its proprietary
and groundbreaking Atometry(TM) technology. STARRAY(TM) follows the
commercialization of HiEnergy's CarBomb Finder(TM) and SIEGMA(TM) systems,
which to date have been purchased by the U.S. Army and Southeastern
Pennsylvania Transportation Authority.
"There have been many robotic platforms introduced to the security
marketplace in the past; however none have had the functionality and accuracy
that comes with the convergence of our embedded Atometer(TM) explosive
detectors," stated Roger Spillmann, HiEnergy's President & CEO. "Our sales
team will work closely with our subsidiary, HiEnergy Defense, Inc., authorized
resellers and distributors, as well as leading manufacturers and integrators
of robotic platforms, to generate sales. Our goal is to make STARRAY(TM) the
leading solution in the fight against terrorism and the system of choice for
automated, remote explosives detection."
HiEnergy intends to market STARRAY(TM) to the U.S. Department of Defense,
which has allocated more than $3.3 billion in the fight against IEDs, which
has been the biggest killer of U.S. troops in Iraq, and to our nation's first
responder community, which includes more than 450 State and local police bomb
squads, as well as other law enforcement entities within the United States.
In October 2005, HiEnergy Technologies announced that the U.S. Army
selected its white paper on its robot-borne detector of IEDs and landmines for
submission of a full proposal, and in December 2005, announced the
appropriation of $1 million for "stoichiometric" explosive detection systems
with the U.S. Army under Program Element 0602712A.
ABOUT HIENERGY TECHNOLOGIES, INC. (www.hienergyinc.com)
HiEnergy Technologies, Inc. is the creator of the world's first
"stoichiometric" diagnostic devices that can effectively decipher chemical
composition of unknown substances through metal or other barriers, almost
instantly and without human intervention. HiEnergy's Atometer(TM) devices
incorporate a proprietary interrogation process which activates a selected
target with neutrons causing the contents to emit back gamma rays that contain
unique signatures from which the chemical formulas are derived. HiEnergy
believes its Atometry(TM) technology compares with other detection
technologies like color photography compares with black-and-white photography.
HiEnergy is focused on the commercialization and sale of its portable,
suitcase-borne SIEGMA(TM) 3E3; the CarBomb Finder(TM) 3C4, a vehicle-borne
system, for the detection and identification of car bombs; and the
STARRAY(TM), its robot-borne detector of IEDs, landmines and unexploded
ordnance. The Company is marketing its devices to governmental and private
entities and is negotiating licenses for distribution of its devices with
various industry partners. The Company also continues to focus on the research
and development of additional applications of its technologies and their
further exploitation, both internally and through collaboration with third
parties.
FORWARD-LOOKING STATEMENTS
Any statements made in this press release which are not historical facts
contain certain forward-looking statements; as such term is defined in the
Private Litigation Reform Act of 1995, concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the Company to which this release pertains. The actual results of the
specific items described in this release, and the Company's operations
generally, may differ materially from what is projected in such
forward-looking statements.
MEDIA CONTACT: INVESTOR RELATIONS:
Karen Gleason Paul Knopick
Going Global Communications E&E Communications
949-702-3409 949-707-5365
info@ggcpr.com pknopick@eandecommunications.com
SOURCE HiEnergy Technologies, Inc.
Contact Information:
Media, Karen Gleason of Going Global Communications, +1-949-702-3409, info@ggcpr.com, for HiEnergy Technologies, Inc.; or Investor Relations, Paul Knopick of E&E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for HiEnergy Technologies, Inc.
WebSite:
http://www.hienergyinc.com
30Mill contract CIRT CirTran Corporation ), a full-service
contract manufacturer of IT, consumer and consumer electronics
products, announced today that it has signed a contract valued at $30
million for "The Real Deal Grill(TM), which will initially be sold on
TV worldwide and endorsed by Evander Holyfield, the four-time
heavyweight champion of the world.
Trevor M. Saliba, CirTran's executive vice president for worldwide
business development, said a contract was signed with Harrington
Business Development (HBD) of St. Petersburg, Florida, giving HBD the
rights to market the Grill -- built by CirTran -- in the Americas and
Japan. HBD, said Mr. Saliba, will be buying $30 million in product
from CirTran during the initial term.
The Real Deal Grill is an electric indoor cooking product complete
with a deluxe stand and three interchangeable cooking surfaces. It
will be manufactured exclusively by CirTran-Asia, a CirTran subsidiary
which specializes in serving the growing direct response industry. The
Grill was designed and patented by Charles Ho, president of
CirTran-Asia.
Earlier this week CirTran announced that Holyfield had endorsed
The Real Deal Grill, including being in TV infomercials and print ads
for the product. In October of 2005, CirTran obtained the licensing
rights to the Grill for the Americas and Japan, as well as the
worldwide manufacturing rights for the consumer product, from
EURO-G.E.M. GMBH, based in Germany.
Infomercials to Star Evander Holyfield
HBD will initially market The Real Deal Grill on TV through
infomercials in the U.S., Canada, South America and Japan, which will
be filmed shortly in Florida featuring Holyfield. Mr. Saliba said
CirTran could begin seeing revenues from The Real Deal Grill by
summer.
"Teaming with HBD to bring The Real Deal Grill to market is a
major step forward for CirTran," he said. "Tim and Kevin Harrington
helped pioneer and define the direct response industry, and we are
very happy to partner with them on this project."
Mr. Harrington said that "working with CirTran, we are confident
we will have a high quality product that we can be proud to bring to
market around the world.
"For more than 20 years, our company has produced infomercials and
marketed products globally, generating more than $3 billion in sales,"
he said. "Now we welcome The Real Deal Grill, designed by Charles Ho
and manufactured by CirTran, to our array of products and look forward
to a long and profitable relationship."
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTCBB:CIRT),
(www.CirTran.com) is a premier international full-service contract
manufacturer. Headquartered in Salt Lake City, its ISO
9001:2000-certified, non-captive 40,000-square foot manufacturing
facility is the largest in the Intermountain Region, providing
"just-in-time" inventory management techniques designed to minimize an
OEM's investment in component inventories, personnel and related
facilities while reducing costs and ensuring speedy time-to-market. In
1998, CirTran acquired Racore Technology (www.racore.com), founded in
1983 and reorganized as Racore Technology Corporation in 1997. In
2004, it formed CirTran-Asia as a high-volume manufacturing arm and
wholly-owned subsidiary with its principal office in ShenZhen, China.
CirTran-Asia operates in three primary business segments: high-volume
electronics, fitness equipment and household products manufacturing,
focusing on the multi-billion dollar Direct Response Industry.
About Harrington Business Development
Harrington Business Development (HBD) is part of Reliant
International Media Corporation, a full-service direct response
company founded by industry pioneers and leaders Tim and Kevin
Harrington. The Harrington's, who have been in the direct response
industry since the early 1980's, have produced long and short form
infomercials for products in virtually every category, which have been
seen on TV around the world. Kevin Harrington is a founding member of
the Electronic Retailing Association, and together, the brothers and
their companies have amassed sales for products of more than $3
billion ... and counting.
This press release contains forward-looking statements within the
meaning of section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. With the exception of
historical information contained herein, the matters discussed in this
press release involve risk and uncertainties. Actual results could
differ materially from those expressed in any forward-looking
statement.
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA CENTRAL AMERICA FLORIDA UTAH UNITED STATES GERMANY JAPAN
INDUSTRY KEYWORD: SOCCER TECHNOLOGY CONSUMER ELECTRONICS HARDWARE INTERNET NETWORKS TELECOMMUNICATIONS MANUFACTURING RETAIL FOOD/BEVERAGE HOME GOODS SPORTS BOXING PRODUCT/SERVICE
SOURCE: CirTran Corporation
CONTACT INFORMATION:
CirTran Corporation
Trevor M. Saliba, 801-963-5112
trevor@cirtran.com
or
The Kaminer Group
David A. Kaminer, 914-684-1934
dkaminer@kamgrp.com
Vision Works Media Group, Inc. VWKM) and wholly owned subsidiary New Screen Television, Inc. have announced
that the company has exchanged contracts with a cable distributor to
become New Screen TV's newest New Screen Films on Demand affiliate.
The signing of the final contract is imminent and the name of the
cable company is forthcoming upon completion of signed contracts.
This newest affiliate, cable-company, is part of New Screen TV's
targeted net subscriber base of 18 million households and $2 million
in monthly revenues by yearend.
The company has made DVDs of recently aired programming available
by request at info@newscreen.tv.
New Screen TV has been able to make the move after switching from
a local-only broadcaster to a nationally distributed 'basic cable'
channel in Q1 of this year. The channel's signal is distributed via
the SES Americom AMC-10 satellite to cable, satellite and
fiber-to-the-home systems around the U.S. New Screen TV is a 'basic
channel' on these systems that is available to all subscribers.
This press release does not constitute an offer of any securities
for sale. This press release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ, including, without
limitation, the company's limited operating history and history of
losses, the inability to successfully obtain further funding, the
inability to raise capital on terms acceptable to the company, the
inability to compete effectively in the marketplace, the inability to
complete the proposed acquisition and such other risks that could
cause the actual results to differ materially from those contained in
the company's projections or forward-looking statements. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking statements
to reflect events or circumstances occurring after the date of this
press release.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO
SOURCE: Vision Works Media Group, Inc.
CONTACT INFORMATION:
Vision Works Media Group, Inc., Ocala
Naseem Shah, 407-401-8935
Fax: 407-843-5997
http://www.vswm.com
A.G. Media Group, Inc. AMGJ) announced today
that it has been invited to syndicate a weekly audio news report to the
British Broadcasting Corporation (BBC).
Featured on the BBC's Three Counties Radio 103.8 FM -- 10pm-12am GMT
(5pm-7pm EST), Richard Picart, A.G. Media's COO and GospelCity.com
personality will present a weekly report on the latest news, music and
industry developments as featured on GospelCity.com. The program, aptly
named
"G-Focus" with DJ Host Howard McCanna, broadcasts to the North London
counties of Bedfordshire, Buckinghamshire and Hertfordshire with a total
reach of 1.5 million residents.
Mr. Picart served for 5 years as a co-host for Canada's largest college
broadcaster, CIUT 89.5fm (Toronto Show
-- "Gospel Music Machine") and has recently produced GospelCity.com
interview segments with Steve Harvey, Vivica A. Fox, Martha Munizzi, Vickie
Winans, John P. Kee, Kirk Franklin, Mary Mary, Cece Winans and Andre
Crouch.
"This convergence of the Internet and traditional radio broadcasting is a
natural one that will significantly grow our audience in a short time,"
comments Picart. "We intend to extend the GospelCity.com brand to over 25
million people via traditional radio via our syndicated content globally."
In addition, Mr. Picart was named a member of the Urban Connection Develop
Team featured at the recent Christian Music Industry Conference, staged by
the Gospel Music Association (GMA) which serves as the face and voice for
the $700 million Christian music industry.
This strategic alliance helps promote, build and diversify traffic at A.G.
Media web properties. The GMA also provides content and features for A.G.
Media's web properties and will create cross-promotional opportunities for
both GMA and A.G. Media.
About A.G. Media Group, Inc.
A.G. Media Group (http://www.agmediagrp.com) was established to become a
leading Christian media holding company comprising Christian-based
Internet, print, radio and television related content properties and
technology development services. A.G. Media is also focused on the
development of valuable, high demand content for distribution through
multiple media outlets and through its continually growing audience base.
Safe Harbor Statement
All statements other than statements of historical fact included in this
press release are forward-looking statements within the meaning of the
private securities Litigation Reform Act of 1995. The forward-looking
statements, including statements about the company's future expectations,
including future revenues and earnings, and all other forward-looking
statements (i.e., future operational results and sales) are subject to
assumptions and beliefs based on current information known to the company
and factors that are subject to uncertainties, risk and other influences,
which are outside the company's control, and may yield results differing
materially from those anticipated.
Media Contacts:
A.G. Media Group, Inc.
Nina Silverstone
Chief Financial Officer
(800) 858-3207 ext. 225
Investor Relations:
A.G. Media Group, Inc.
Mr. Earl Azimov
(800) 858-3207 ext. 228
www.agmediagrp.com
DYSP), Reverse Stock Split.. Day Spas of America, Inc.announced today it has reverse split
its common stock with the result that it now has a total 525,000 shares issued
and outstanding, compared to 126,000,000 shares before this action. The
reverse split was approved by both the board of directors and the holders of a
majority of the issued and outstanding common stock. The reverse split will
go effective April 25, 2006. The total authorized shares remain at 500,000,000
shares.
The Company's President, Marsha B. Whitman, said, "The objective of this
action is to position our company for the new Prime QX exchange. The huge
number of shares outstanding before this reverse split would have prevented us
from upgrading the market in which we trade."
Day Spas of America is in the business of providing services, including,
but not limited to, massage, pedicures, manicures, facials, body wraps,
complete hair care, tanning, waxing and permanent make-up. Through its Evolve
Wellness Studio and Spa, it offers a world-class fitness center and day spa.
Its state-of-the-art facility includes personal trainers, yoga, pilates, tai
chi and various cardiovascular classes. Evolve also offers plastic surgery
consultation services including Body Contouring-lower body lift, breast
augmentation, breast lift, tummy tuck, liposuction, thigh lift. Facial
Surgery-face lift, eyelid surgery, forehead lift, ear surgery and cheek lift.
Botox and Restylane are also offered. All plastic surgery services are
performed by Joshua Kreithen, MD. Dental consultation is provided by Jesse N.
Schaffzin, DMD. Day Spas of America supplies its customers with services
performed by qualified, trained and licensed technicians. The Company also
sells "retail" products for hair and skin, and tanning and novelty items such
as aromatherapy candles, hand bags and other gifts it believes would appeal to
its customers.
Matters discussed in this press release are "forward-looking statements."
Statements describing objectives or goals or the Company's future plans are
also forward-looking statements and are subject to certain risks and
uncertainties, including the financial performance of the Company and market
valuations of its stock, which could cause actual results to differ materially
from those anticipated.
For more information about Day Spas of America, Inc. and opportunities for
advertising, please visit http://www.dayspasofamerica.com or
http://www.evolvetampabay.com .
CONTACT: John V. Whitman Jr. for Day Spas of America, Inc.,
1-813-716-7106
SOURCE Day Spas of America, Inc.
Contact Information:
John V. Whitman Jr., for Day Spas of America, Inc., 1-813-716-7106
WebSite:
http://www.evolvetampabay.com
Medical Makeover Corporation of America MMAM) today announced that its Products Division has received a commitment
for orders for distribution of its scientifically advanced skin
treatment products to Shai International, a Hollywood, Florida based
Spa and Salon. From this location which has been in operation over 11
years, MMAM's branded products will be available to the over 6,000
existing clients of Shai International.
"We are pleased to have reached agreement to provide our products
through an established business with the reputation of Shai's. We are
in the final stages of testing the data and online communication
capabilities and in the next few days will agree to a format to be
used in the ordering of product and management of ongoing inventory
systems," said Randy Baker, President and CEO of Medical Makeover
Corporation. "Each of these products was developed to make the
anti-aging skin rejuvenation process easier, safer and more convenient
than ever. Shai will be able to offer his clients a line of Medical
Makeover products including a patented process for microdermabrasion
that is proven to provide optimal results for clients."
Shai International President Amir Elmaliah said, "Bringing these
products and treatment regimen directly to our clients will help us in
building an even stronger relationship with them. The ability for us
to provide clinically proven products and a `skin rejuvenation system'
such as this will help build our business by leveraging our existing
client base, many of whom are seeking effective skin care products."
About Medical Makeover Corporation of America, MMAM will provide
non-invasive appearance improvement and skin rejuvenation procedures,
treatments, and products. MMAM will market to people seeking to
improve their own or a loved one's appearance; specifically males and
females between the ages of 18 and 65 and parents of children with
skin problems or minor imperfections. We will offer the latest in
non-invasive cosmetic/self improvement technologies and "makeover"
treatments in a comfortable, luxurious office environment using a new
health care service delivery system that will afford first-rate
customer service. Clients will have the ability to schedule
appointments outside the traditional eight-to-five schedule while an
on-line scheduling system enables them to book their appointments
24/7.
For Investor Relations information, please call: 1-800-288-7499 or
e-mail: info@dpmartin.com.
"Safe-Harbor" Statement: Under the Private Securities Litigation
Reform Act of 1995. This press release may contain forward-looking
information within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), including all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of the Company, its directors
or its officers with respect to, among other things: (i) the Company's
financing plans; (ii) trends affecting the Company's financial
condition or results of operations; (iii) the Company's growth
strategy and operating strategy; and (iv) the declaration and payment
of dividends. The words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend," and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: WOMEN YOUTH HEALTH ALTERNATIVE MEDICINE HOSPITALS RETAIL COSMETICS CONSUMER FAMILY MEN
SOURCE: Medical Makeover Corporation of America
CONTACT INFORMATION:
Medical Makeover Corporation of America, West Palm Beach
Randy Baker, 561-514-0194
International Pharmacy Outlets, Inc. IPCY) and Bionic Water
Corporation of Scottsdale, Arizona, announced that a definitive acquisition
agreement has been signed. No details are being released at this time.
Bionic Water Corp. has developed <a
href="http://www.bionicwater.com/">proprietary water treatment and
processing equipment that will benefit the health and wellness of consumers
worldwide. The trend towards healthier and more vibrant lifestyles has led
a growing demand for new and innovative health and <a
href="http://www.bionicwater.com/">wellness products. Bionic's
breakthrough process, certified by NSF (National Sanitation Foundation
International) starts at its state-of-the-art joint venture facility in
Phoenix, Arizona. The water is purified and processed through the series of
proprietary technologies yielding great tasting water, which allows maximum
hydration and the assimilation of oxygen into the body's cells. Mr.
Michael Southworth, Bionic Water's President, stated, "I believe this
technology can also serve as the basis for additional superior beverages."
IPCY also announced today that it has scheduled a special meeting of
Directors and Officers to discuss the Company's 2006 operational and growth
strategy. Bionic's management team has also been requested to attend.
"Management's challenge is to improve both liquidity and operational
performance as well as increase the existing share value, both of which are
required to support our current strategy," explained Mr. McCabe, who will
continue on as CEO.
About IPCY & Bionic Water Corporation
IPCY is a venture development company that develops partnerships with
developing businesses or product lines where IPCY's participation would
return increased value to IPCY's shareholders and those of the partnered
company.
Bionic Water Corporation is a Nevada Corporation headquartered in
Scottsdale, Arizona. The company was formed for the purpose of
discovering, developing, and marketing breakthrough water technologies that
will enhance the health and wellness of users worldwide.
Forward-looking Information: 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. Ultimate
Franchise Systems 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 company.
Contact info:
Investor Relations
M. Southworth
480-949-1100
www.bionicwater.com
Good Morning Chief, Stockz, and Team
ImmuDyne IMMD), the leading supplier of Yeast Beta Glucan, announced that the Company has now
repurchased more than 500,000 shares of its own common stock in open market
transactions. The Company also stated that it may repurchase additional shares
from time to time as conditions permit, in the open market. ImmuDyne has
approximately nineteen million shares outstanding.
Additionally, the Company announced agreements had been reached with two former
consultants, who have surrendered all of their stock options. As such, this
event involves a net reduction of more than 100,000 options, in the favor of
ImmuDyne.
About ImmuDyne
ImmuDyne shares trade under the ticker symbol IMMD (PK) and the Company can be
found on the web at www.immudyne.com
CONTACT: ImmuDyne, Inc.
Mark McLaughlin
1-888-246-6839 ext. 310
markmcl@immudyne.com
MSEV Micron Enviro Systems, Inc. (OTCBB:) (Frankfurt:NDD) ("Micron") wishes to announce it is
currently looking into expanding its exposure to the Alberta Oil Sands. These
possible new ventures include new Oil Sands partnerships and/or new Oil Sands
leases.
Micron has just added three new Alberta Oil Sands leases consisting of 4 new
sections in the world-class Athabasca Oil Sands region. Two of these new
sections are within 5 miles of Micron's existing Athabasca Oil Sands Prospect.
These two new sections are close to the existing Oil Sands leases held by
Connacher Oil and Gas's Great Divide Prospect, as well as to other major Oil
Sands projects by Devon, Encana, and Cononco Philips.
The other new Alberta Oil Sands lease acquired consists of two contiguous
sections that lie just southwest of the announced Royal Dutch Shell Plc Oil
Sands leases which they recently purchased for approximately $400 million.
The Oil Sands of Canada hold recoverable reserves of 175 billion barrels with a
proven reserve life of 480 years and another 130 billion barrels of potential
reserves, which is second only to Saudi Arabia's 262 billion barrels. As a
comparison, the United States has only 29 billion barrels of recoverable
reserves and has decreasing domestic production while their demand is increasing
by 1-2% every year. Canada is in an optimal position to supply oil to the U.S.
with its favorable political climate, close proximity and being one of the few
non-OPEC countries which can grow its oil production.
Bernie McDougall, President of Micron stated, "Now that we are participating in
four Alberta Oil Sands leases, we have a firm understanding of how to acquire
additional prospects and have clearly shown our ability to accomplish our goals
of acquiring new leases. We are attempting to build our shareholder value
through new acquisitions, as well as development of our existing Alberta Oil
Sands leases, complemented by our conventional drilling projects. We are
anticipating a significant increase in ownership interest in any additional Oil
Sands prospects as this is what we feel will drive our company's future value.
When you consider that oil prices are at all time highs, clearly these are
exciting times for Micron and Micron's shareholders."
Micron is an emerging oil and gas company that has exposure to four separate
leases in the Athabasca Oil Sands of Alberta, Canada, which is the largest Oil
Sands region in the world, and has production from multiple conventional oil and
gas wells. Micron is one of if not the smallest market capitalized companies
with exposure to multiple Alberta Oil Sands. Micron's goal is to become a junior
oil and gas producer that focuses on the exploration, discovery and delivery of
gas and oil to the North American marketplace. Micron currently has multiple
independent sources of oil and/or gas revenue from production in Canada and
Texas. Micron is presently involved in multiple oil and gas prospects, and
continues to look for additional projects that would contribute to building
Micron's market capitalization, including additional Oil Sands projects.
If you have any questions, please call Micron at (604) 646-6903. If you would
like to be added to Micron's update email list, please send an email to
info@micronenviro.com requesting to be added.
This news release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "may," "should,"
"expects," "plans," "anticipates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our or our industry's
actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which they are based,
are made in good faith and reflect our current judgment regarding the direction
of our business, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other future
performance suggested herein. Except as required by applicable law, including
the securities laws of the United States, the Company does not intend to update
any of the forward-looking statements to conform these statements to actual
results. Readers are referred to the sections entitled "Risk Factors" in the
Company's periodic filings with the United States Securities and Exchange
Commission, which can be viewed at www.SEC.gov. For all details regarding
working interests in all of MSEV's oil and gas prospects or any previous news
releases go to the SEC website. You should independently investigate and fully
understand all risks before making investment decisions.
CONTACT: Micron Enviro Systems, Inc.
Bernie McDougall
(604) 646-6903
Fax: (604) 689-1733
ir@micronenviro.com
www.micronenviro.com
Infinium Labs, Inc. IFLB) has entered into an agreement with Itron Technology
Inc., a worldwide leading manufacturer and marketer of input devices such as
keyboards and mice, to manufacture the Phantom(R) Lapboard, a combination
keyboard/mouse peripheral designed to enhance video game play on PCs.
"We have selected Itron Technology to manufacture the Phantom Lapboard for
distribution in North America and Europe under terms to ship no later than
October in time for the holiday shopping season," stated Greg Koler, Infinium
Labs' CEO and President. "Itron's strengths as an OEM/ODM manufacturer of
keyboards, mice, joysticks and other input devices made it a clear choice for
Infinium Labs to meet its 2006 marketing goals."
Itron supplies high-quality products around the world from its factory
located in Dongguan, China.
The Phantom Lapboard is an extremely innovative peripheral that enables
players to control games designed for keyboard and mouse usage with as much
agility as they are used to in the office, from the comfort of the couch or
easy chair. The Lapboard rotates for left- and right-handed users and also
inclines on a 30-degree angle with a hard surface below for the Phantom Mouse.
The device comes either wired or wireless and provides USB ports and
headphone/microphone ports.
About Itron Technology
Founded in 1984, as a professional designer and manufacturer of computer
input devices, Itron Technology Inc. manufactures and distributes products
such as keyboards, mice and trackball devices under its own brand (ione) and
provides OEM/ODM services to world-leading designers, manufacturers and
retailers. Itron's products with creative design, demanding QC and competitive
price have been earning countless praises. Itron efficiently supplies high-
quality products around the world from factories located in Dongguan in
Mainland China. Itron distributes products in Europe, North America, Japan and
Mainland China. The company employs more than 2000 people worldwide. For more
information, please visit http://www.ione.com.tw and Itron's Global Marketing
Program at http://www.itron-europe.com/english/gmarketing.php.
About Infinium Labs
Infinium Labs (OTC Bulletin Board: IFLB) is in development of The Phantom
Game Service, anticipated to be the first end-to-end, on-demand game service
for delivery to the living room. Delivered over broadband, the Phantom Game
Service is designed to offer casual and avid gamers a broad library of titles,
available anytime, day or night. For more information, please visit
http://www.phantom.net.
Safe Harbor Statement
Certain statements included in this press release may constitute forward-
looking statements. Actual results could differ materially from such
statements expressed or implied herein as a result of a variety of factors
including, but not limited to: the development of the Infinium Labs
technology, ability to secure additional financing, the successful marketing
and distribution of the Phantom Game Service, acceptance by the market of
Infinium Labs, products and technology, competition and timing of projects and
trends in the gaming industry, as well as other factors expressed from time to
time in filings Infinium Labs will make with the Securities and Exchange
Commission (the "SEC"). As a result, this press release should be read in
conjunction with periodic filings Infinium Labs makes with the SEC. The
forward-looking statements contained herein are made only as of the date of
this press release, and Infinium Labs undertakes no obligation to publicly
update such forward-looking statements to reflect subsequent events or
circumstances.
This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.
SOURCE Infinium Labs
Contact Information:
Infinium Labs, pr@phantom.net
WebSite:
http://www.phantom.net
Wits Basin Precious Minerals Inc. WITM) today
announced it has signed a letter of intent with Journey Resources
Corp. (TSX-V:JNY) and its wholly-owned subsidiary Minerales Jazz S.A.
de C.V., whereby Wits Basin may acquire an undivided 50% interest in
certain mining claims comprising the Vianey Mine Concession located in
the state of Guerrero, Mexico approximately 250 kilometers south of
Mexico City and 160 kilometers north of Acapulco.
LOCATION
The property comprises approximately 5,022 hectares (12,400 acres)
less than 2 kilometers from the town of Atzcala which hosts modern
infrastructure and facilities as well as a sufficient labor pool.
There is existing electrical power at the mine as a major power line
passes near the property.
On-site examinations by Journey personnel and available
exploration data indicate a probability of discovering extensions to
known silver-bearing veins on the property, both in the existing mine
and the adjacent areas identified in the technical report, the
Blakestad Report (dated of October 18, 2004 and revised March 10,
2005) by Rodney A. Blakestad J.D., C.P.G.
Geological maps published by the Mexican Department of Mines
identify a series of lead-zinc-gold occurrences approximately five
kilometers northwest of the property. The new concessions have been
staked to cover the projected extension of these known ore bodies and
comprise part of the property package. The Blakestad Report confirms
the potential that these known mineralized zones likely extend into
the vicinity of the Vianey Mine.
EXPLORATION RESULTS TO DATE
A review of past calculations of potentially mineable tonnages of
mineralization above the -75 meter level, including the most recent
exploration activities completed in 1997, and as reported by Mr. Peter
Hawley in his 2000 reserve and drill resource study, provides an
estimated total in all categories of 345,020 metric tonnes grading
2.13% lead, 3.66% zinc and 269 grams of silver per ton, which at
current metal prices would have an in-ground value in the order of
US$250/ton.
Mineralization at the Vianey Mine includes veins, breccias, lens
and mantos of silver as well as poly-metallic (Pb-Zn) mineralization
with local concentrations of gold and copper. Most of the veins are
localized along NW-SE trending structures and E-W structures; the
lenses occur in fault zones and as sulfide concentrations with
calcite, gypsum and quartz between some bedding planes. Two major
breccia zones of significance have been identified in the limestone,
which are associated with calcite-gypsum-quartz gangue minerals and
important amounts of associated silver.
Recommendations in the Minerales Jazz March 2005 report, which are
being followed up, include lithological and structural mapping and
aerial photography, or high-resolution satellite imagery
interpretation of the area. The object of the work will be to locate
and orient approximately 3,230 meters of diamond core drilling to test
the grade, thickness and continuity of mineralization at depth and
along the strike.
Management believes that the Vianey Mine and immediately
contiguous property could host millions of tons of ore grade material.
"With silver trading at a new 25-year high and base metals also into
new high ground, we feel the outlook is for continued strong demand
and prices," said Vance White, Wits Basin's CEO. White continues,
"Despite current prices of about $13/oz, silver remains at a much
lower multiple to gold than has otherwise been true historically and
we believe it is appropriate for the Company to expose itself to a
project of merit and strong technical attributes in this arena."
DEAL TERMS
In order to earn the 50% interest Wits Basin must:
1. Issue 100,000 shares of its common stock to Journey, by April
20, 2006, which initiates a 45 day due diligence period in
order to have Wits Basin's consultants carry out a site visit,
review technical data and research title work to be completed
no later than June 15, 2006;
2. On or before June 15, 2006, issue 500,000 shares of its common
stock and initiate a Program of Work as outlined in the
Blakestad Report, a minimum expenditure of US$500,000 is
required to be completed on or before December 31, 2006 for
which a 25% interest will be earned in the property; and
3. On or before January 15, 2007, issue 500,000 shares of its
common stock and initiate a secondary Program of Work with a
minimum expenditure of US$500,000 to be completed on or before
September 30, 2007 for which an additional 25% interest will
be earned in the property.
About Wits Basin Precious Minerals Inc.
We are a minerals exploration and development company holding
interests in three exploration projects and currently do not claim to
have any mineral reserves on any project. Our common stock trades on
the Over-the-Counter Bulletin Board under the symbol "WITM." To find
out more about Wits Basin Precious Minerals Inc. (OTCBB: WITM) visit
our website at www.witsbasin.com.
Forward-Looking Statements and Risk Factors
Certain statements contained in this press release are
forward-looking in nature and are based on the current beliefs and
assumptions of our management. Words like "may," "could," "should,"
"anticipate," "believe," "estimate," "expect," "intend," "plan,"
"predict," and similar expressions and their variants may be used to
identify forward-looking statements. Such statements are valid only as
of today, and we disclaim any obligation to update this information.
These statements are subject to known and unknown risks and
uncertainties that may cause actual future experience and results to
differ materially from the statements made. These statements are based
on our current beliefs and expectations as to such future outcomes.
The exploration for and development of mineral deposits involves
significant financial risks, which even experience and knowledge may
not eliminate, regardless of the amount of careful evaluation applied
to a process. While the discovery of a mineral deposit may result in
substantial rewards, few properties are ultimately developed into
producing mines. Moreover, we cannot make any estimates regarding
probable reserves and mineral resources in connection with any of our
projects and any estimates relating to possible reserves are subject
to significant risks. Therefore, no assurance can be given that any
size of reserves or grades of reserves will be realized. If a
discovery is made, the mineral deposit discovered, assuming
recoverable, may differ from the reserves and mineral resources
already discovered and recovered by others in the same region of the
planned areas of exploration.
The cost of exploration and exploitation can be extensive and
there is no assurance that we will have the resources necessary or the
financing available to pursue projects we currently hold interests in
or to acquire interests in other mineral exploration projects that may
become available. The risks are numerous and detailed information
regarding these risks may be found in filings made by us with the
Securities and Exchange Commission, including our most recent annual
report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on
Form 8-K.
KEYWORD: NORTH AMERICA CENTRAL AMERICA MINNESOTA UNITED STATES MEXICO
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS PRODUCT/SERVICE
SOURCE: Wits Basin Precious Minerals Inc.
CONTACT INFORMATION:
Wits Basin Precious Minerals Inc., Minneapolis
Stephen King, 612-490-3419
or
Vance White, 866-214-WITM(9486)
or
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
InvestorInfo@RedwoodConsultants.com
Powder River Basin Gas Corp. PRVB, a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed its second full year of operations under current management.
For the year ended December 31, 2005 the Company reported oil and gas sales of $622,882 as compared to $248,328 for 2004. This represents an increase of $374,554 or 250%.
Total revenues for 2005 were $4,643,965 as compared to $2,184,880 in 2004. This is an increase of $2,459,085 or 212%.
Net income before taxes for 2005 was $1,510,690 as compared to $1,048,575 for 2004. This increase of profits is $462,115 or 144%.
Powder River Basin Gas Corp. reported total expenses of $3,033,599 as compared to $1,089,298 for 2004. The increase in expenses is directly related to the increase in operation activities due to expansion and growth of the Company.
Share price increased from $0.08 at the end of 2004 to $0.24 at the end of 2005. This is an increase of $0.16 per share, or 300% over 2004 year end.
Powder River Basin Gas Corp. experienced a significant reduction in production from August through October, due to hurricanes Katrina and Rita. However, the Company is now back on schedule with regards to the re-work programs on all the affected properties.
Powder River Basin Gas Corp. also increased their property holdings, purchasing additional properties which are anticipated to be brought into production during 2006.
"We are pleased with the continued growth of Powder River Basin Gas Corp. over the past two years. I look forward to maintaining our aggressive strategic acquisition and marketing program and look forward to more successful developments in 2006," stated Powder River Basin Gas Corp. CEO, Brian Fox.
Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.
Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Contacts:
Powder River Basin Gas Corp.
Stephanie Edgemon
Investor Relations
(602) 466-2422
powderriverir@aol.com
www.powderrivergascorp.com
Navitone Technologies, Inc. NVTN) announced the
distribution agreement for its MRM software and wireless service with
Rock Mobile, a wholly owned subsidiary of the music company
heavyweight, Rock Records.
Rock Mobile, with twenty nine offices throughout China, launched
its mobile service platform in thirty-one provinces last year. Rock
Mobile has over 600 employees and was ranked by Deloitte TMT as the
tenth fastest-growing technology company in China for 2005. Rock
Mobile's core business is providing music for mobile phones. In a
press release Mr. Yang, CEO of Rock Records, stated that he believes
that having an advantage on music on mobile phones is not enough ...
and supports expanding to other areas and content on mobile phones.
Navitone believes that Rock Mobile provides a critical sales channel
for its MRM product.
Navitone Technologies provides proprietary MRM (Mobile Resource
Management) software to the Enterprise and Consumer market. As a
partner with China Unicom, Navitone's primary market is throughout
China.
This press release may contain forward-looking statements that
involve risks and uncertainties. Actual results may differ materially
from the results predicted and reported results should not be
considered as an indication of future performance. It is important
that any reader interested in Navitone, carefully review the
disclosure documents and financial statements that we file with the
Securities and Exchange Commission. You may access these filing on the
SEC's website at www.sec.gov.
KEYWORD: ASIA PACIFIC NORTH AMERICA TEXAS UNITED STATES CHINA
INDUSTRY KEYWORD: ENTERTAINMENT MUSIC TECHNOLOGY SOFTWARE TELECOMMUNICATIONS CONTRACT/AGREEMENT
SOURCE: Navitone Technologies, Inc.
CONTACT INFORMATION:
PR Financial Marketing
James Blackman, 713-256-0369
jimblackman@prfinancialmarketing.com