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NSIH - Netspace International Holdings Completes Reverse Merger
Jun 25, 2007 10:58:00 AM
AVENTURA, FL -- (MARKETWIRE) -- 06/25/07 -- Netspace International Holdings, Inc. (Netspace) (PINKSHEETS: NSIH), a provider of web design and custom internet marketing services, announced today that it has completed its reverse merger. Under the company's new share structure, there are approximately 60 million shares of issued and outstanding stock.
Netspace, headquartered in Aventura, Florida, offers clients a wide array of critical services designed to transform their website into a highly effective, integrated marketing tool. The Company has franchises operating in a number of the country's largest markets, which allows for excellent customer service and the delivery of marketing products supported by state-of-the-art, best-of-breed technologies. With over 10 years experience and expertise, Netspace focuses on client ROI and sets marketing goals specific to its customer needs.
Netspace is lead by Neil B. Swartz, CEO, and Christopher Arthmann, COO, two seasoned business professionals with management and technology sector experience. The Company urges investors to visit www.netspace.com for additional information on its corporate management team and detailed information on its entire suite of web design and internet marketing solutions. Additionally, the investor relations section includes the ability for investors to receive e-mail alerts on all press releases and corporate announcements issued by the Company.
"Today is an exciting day in the history of Netspace. Our transition to a public entity will afford us the opportunity to expand our successful business model, while introducing the Netspace brand to a significantly broader investor base. The reverse merger will position Netspace as the largest company of its kind to be traded on a public exchange," commented, Neil B. Swartz, CEO. Mr. Swartz continued, "Our goal is straightforward and simple -- to provide the most comprehensive marketing tools for our clients while increasing shareholder value on a consistent basis."
Christopher Arthmann, COO of Netspace, stated, "We view this merger as the next logical step in expanding our presence in the web development and internet marketing arena. We believe our franchise growth model, dedication to customer service, customized products, and focus on technology make us distinctive and compelling to our targeted customers. We expect this will allow us to drive growth in revenue and expand the Netspace brand and operational reach."
ABOUT NETSPACE INTERNATIONAL HOLDINGS, INC.
Netspace International Holdings, Inc. delivers professionally crafted websites, customized online marketing solutions, e-commerce platforms, and the technology backbone to support superior web performance and reliability to Small and Medium-Sized Enterprises (SME). For additional information visit www.netspace.com
The foregoing press release may contain forward-looking statements, including statements regarding, among other things, about the expectation of Netspace International's future business. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward looking statements as a result of a variety of factors including, among others, the state of the economy, the competitive environment, and the Company's performance. In light of these risks and uncertainties there can be no assurances that the forward looking statements contained in this press release will in fact transpire or prove to be accurate.
Contact:
David Sasso
Vice President - Investor Relations
305.931.4000 x 213
www.netspace.com
CYRR - Canary Resources Announces Private Equity Placement
Jun 25, 2007 9:35:00 AM
STILWELL, KS -- (MARKETWIRE) -- 06/25/07 -- Canary Resources Inc. (PINKSHEETS: CYRR) ("Canary") today announced that it has closed a $585,000 tranche of a private equity placement at a price of $0.40 per unit. Each unit comprises one share of common stock of Canary, plus one half of an A-Warrant, plus one half of a B-Warrant. Each whole A-Warrant entitles the holder to purchase one share of common stock of Canary for $1.00 if exercised within four years. Each whole B-Warrant entitles the holder to purchase one share of common stock of Canary for $1.50 if exercised within four years. In combination with Canary's recently announced joint venture Drilling Program with KC Clean Energy LLC, the additional capital will be used for development of coal-bed methane gas in the Eastern Forest City Basin of Kansas and Missouri.
Canary has also reached agreement with purchasers under the Securities Purchase Agreement dated July 22, 2005 regarding liabilities resulting from failure to satisfy certain obligations of the Securities Purchase Agreement. Canary has issued 4,559,225 common shares to the purchasers and paid $17,561.75 in cash in order to discharge liabilities of $1,841,250.60 and is no longer subject to liabilities under the Securities Purchase Agreement for any previous deficiencies. The issue price of the 4,559,225 common shares was equivalent to $0.40 per share.
As a result of the private placement and the issuance of shares to purchasers under the Securities Purchase Agreement, Canary's outstanding common stock has increased from 30,792,700 shares to 36,814,425 shares. Canary has outstanding 18,125,000 shares of Class A Convertible Preferred Stock which are convertible into common shares on a one-for-one basis.
Canary Resources Inc. is an independent Oil and Natural Gas Company engaged in the acquisition, exploitation, production and development of oil and natural gas properties in Johnson and Miami Counties, Kansas, and in Bates and Cass Counties, Missouri, for which it is the operator.
Portions of this document include "forward-looking statements," which may be understood as any statement other than a statement of historical fact. Forward-looking statements contained in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential" and similar expressions. Actual results may vary materially from management's expectations and projections expressed in this document. Certain factors that can affect the Company's ability to achieve projected results include, among others, production variances from expectations, uncertainties about estimates of reserves, volatility of oil and gas prices, the need to develop and replace reserves, the substantial capital expenditures required to fund operations, environmental risks, drilling and operating risks, risks related to exploratory and development drilling, competition, government regulation and the ability of the Company to implement its business strategy. Copyright 2007. All rights reserved Canary Resources Inc.
Additional information on Canary Resources Inc. is available from:
investors@canaryresources.com
Or visit the Company's website at http://www.CanaryResources.com
SGLS - Signature Makes Special Announcement to Shareholders
Jun 25, 2007 8:05:00 AM
CASSELBERRY, FL and CHAMPLIN, MN -- (MARKETWIRE) -- 06/25/07 -- Signature Leisure, Inc. (OTCBB: SGLS) announced today that the company would soon be making a distribution of one of the Company's holdings in the form of a stock dividend of that holding to Signature Leisure, Inc. shareholders.
Signature's management is working to finalize details with a transfer agent in order to choose the date of record to be declared before announcing finalized information about the dividend. The dividend is not of Signature's own stock; rather it is a dividend distribution of an asset holding of another publicly traded company held by Signature.
Signature anticipates announcing in the near future a full 1 for 1 stock dividend rate, whereby investors will get one share of the dividend stock for every one share of Signature stock owned on the record date.
Stephen Carnes, President of Signature Leisure, Inc., stated, "I believe that a large number of Signature's shareholders have been very loyal. I feel that the upcoming dividend distribution will be one form in which Signature can attempt to reward such loyalty. I look forward to providing additional information regarding the dividend distribution as details get finalized."
About Signature Leisure, Inc. (OTCBB: SGLS) -- provides investor relations ("IR") services to publicly traded companies. The company also assists privately held corporations by providing consulting services relating to business structure and organizational management in addition to corporate planning and strategic growth management. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the company. Additionally, other risks include, but are not limited to, the company's ability to continue to develop operations, the company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact:
Signature Leisure, Inc.
Stephen W. Carnes
407-599-2886
Email Contact
EMXC - EMXC EMAX Holdings Corporation Discusses Terms of Recent Mergers
via COMTEX
June 22, 2007
SPRINGFIELD, TN, Jun 22, 2007 (MARKET WIRE via COMTEX News Network) --
EMAX Holdings Corporation, Inc. (PINKSHEETS: EMXC) (http://www.emaxcorp.com) updates shareholders of EMAX recent merger progress.
On the heels of the merger of EMAX Holdings Corporation into Gold Rush Investments, a new slate of officers and directors will be announced on Monday, June 25, 2007. The merger terms plan for the resignation of Roxanna Weber as CEO of the company and several of the officers of the Gold Rush Company will take over the management of EMXC. On Monday, the company will also update all shareholders on the time frame that they can expect to receive all dividends that are currently being prepared by the company's transfer agent.
Roxanna Weber, CEO of EMAX, stated, "This event begins the first of many great new changes planned for EMAX Holdings and will allow the company to go forward with the leadership and management skills from several very seasoned and experienced corporate management to handle all the necessary responsibilities that are needed to finalize getting all necessary filings to the SEC, and NASDAQ and become a full reporting public company. These changes will also allow the founding management of EntertainMax Worldwide to concentrate on increasing revenues and earnings for the family entertainment and media company. The exiting management of EMAX is extremely happy for the future of the company as for the fact that they are well aware of the new management's previous success running and building multimillion dollar revenue generating corporations and they are serious and dedicated to bringing all their abilities to EMAX to grow the market cap of the company."
The new management will aggressively begin to seek companies to acquire that will take EMAX from a holding company to a consolidated income producing conglomerate company that it was founded to be from its inception.
EMAX Holdings Corporation (http://www.emaxcorp.com) is a diversified holding company investing in multimedia, entertainment, communication, broadcasting, IT and artificial intelligence technologies, and real estate, energy and finance industries.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of EMAX.
Contact: EMAX Holdings Corp. Roxanna Weber 866-585-2065 info@emaxcorp.com http://www.emaxcorp.com
SOURCE: EMAX Holdings Corp.
mailto:info@emaxcorp.com http://www.emaxcorp.com
Copyright 2007 Market Wire, All rights reserved.
NRMX - Tramiprosate (ALZHEMED(TM)) North American Phase III clinical trial progress update
Jun 22, 2007 3:29:00 PM
LAVAL, QC, June 22 /PRNewswire-FirstCall/ - Neurochem Inc. (NASDAQ: NRMX; TSX: NRM) has issued an update on the progress made since announcing in April 2007 that adjustments would be required to arrive at a reliable statistical model for the North American Phase III clinical trial for tramiprosate (ALZHEMED(TM)) for the treatment of Alzheimer's disease (AD). Neurochem has been advised by its external team of statisticians that they have made progress adjusting the statistical model, reaching an acceptable level of validity for the disease modification endpoint, as measured by magnetic resonance imaging (MRI). However, further work is required to reach a reliable model particularly for the co-primary clinical efficacy endpoint composed of ADAS-cog(1) and CDR-SB(2). Therefore, the Company expects the results to be available later in 2007.
Since April, Neurochem has provided regular updates on the program, including preliminary data and reports on the model. Certain of the confounding factors identified by the statisticians and included so far in adjustments to the model are the use of concomitant drugs, including change in memantine use and dose, change in vitamin E use and dose, change in anti-depressant use, and change in acetylcholinesterase inhibitor dose.
To date, Neurochem has invested significant human and financial resources in this program. The Company is committed to continuing its efforts to adjust the model in order to evaluate the significance of the data and remains hopeful that the results will prove valuable in the development of the first potential disease-modifying treatment for this terrible disease. Given the magnitude and duration of this trial, the size of the patient population, and the challenge of testing a first-in-class product candidate, which is hypothesized to target the underlying pathology of AD, Neurochem will need more time to work with experts in the field, including the trial's investigators and the regulatory authorities.
The Company has been also advised by its statistical team that refinement of the statistical model needs further adjustments. In view of the continuing complexities of the trial, which involves the first attempt to employ these particular primary outcome measures across multiple clinical sites for a potential disease modification effect over 18 months, the next steps are expected to require the guidance of the U.S. Food and Drug Administration (FDA). Consequently, the Company has contacted the agency to request a meeting with the objective of seeking its advice and explore alternative approaches acceptable to the agency.
At the meeting, the Company expects to discuss some of the alternatives it is considering to further adjust the model. These include suggestions for a more detailed review of individual patient files to try to identify other confounding factors.
About the Two Phase III Clinical Trials in North America and Europe
The North American study was a multicenter, randomized, double-blind, placebo-controlled, three-armed and parallel-designed, 18-month Phase III clinical trial. The study included 1,052 patients with mild-to-moderate AD recruited across 67 sites in Canada and the United States randomized to receive either placebo or one of two doses (100mg or 150mg twice daily) of tramiprosate (ALZHEMED(TM)). All patients were required to be treated with conventional symptomatic AD therapies during the clinical trial and were required to be on a stable dose of such therapies for at least four months prior to the initial screening visit of the trial. At study entry, patients in this trial had been administered standard therapies for an average of approximately 20 months.
All patients who completed the clinical trial were eligible to receive tramiprosate (ALZHEMED(TM)) in an open-label extension study initiated in May 2006. Approximately 90% of the patients who completed the Phase III double-blind study for tramiprosate (ALZHEMED(TM)) elected to enroll in the ongoing extension study and receive 150mg twice daily of tramiprosate (ALZHEMED(TM)).
Neurochem is also currently conducting a European Phase III clinical trial for tramiprosate (ALZHEMED(TM)) for the treatment of AD. The European study is of a similar design to the North American double-blind trial and over 950 mild-to-moderate AD patients are already enrolled at about 70 clinical centers across 10 European countries. To date, the European Data Safety Monitoring Board has met three times and recommended on each occasion that the study should continue as planned. The Company expects to continue patient enrolment and is presently considering modifications that would need to be made to the design of the European trial to take best advantage of the experience gained from the North American Phase III clinical trial.
About Tramiprosate (ALZHEMED(TM))
Tramiprosate (ALZHEMED(TM)) is a small, orally-administered molecule known as an amyloid Beta antagonist. Tramiprosate (ALZHEMED(TM)) crosses the blood-brain-barrier, binds to soluble ABeta peptide and interferes with the amyloid cascade that is associated with amyloid deposition and the toxic effects of ABeta peptide in the brain. The presence of amyloid in the brain is one of the major histopathological characteristics of AD. The amyloid cascade hypothesis proposes that certain forms of the ABeta peptide are toxic and causally related to the severity of AD. The ABeta peptide is one of the most promising targets for the development of AD therapies.
About Alzheimer's Disease
AD is a leading cause of death in older people. The disease is characterized by the progressive death of nerve cells in the brain, making it difficult for the brain's signals to be transmitted properly. A person with AD experiences problems with memory, judgment, thinking, and eventually with motor functions, all of which make it difficult for the person to participate in daily activities.
According to the U.S. Alzheimer Association (2007), there are now more than five million people in the United States living with Alzheimer's disease. This number includes 4.9 million people aged 65 and older. It also includes at least 200,000 individuals younger than 65 with early-onset Alzheimer's disease. It is estimated that by 2010, there will be 454,000 new cases of AD a year, 615,000 new cases by 2030 and 959,000 new cases by 2050. In the United States, the direct and indirect costs of AD and other dementias amount to more than US$148 billion annually.
About Neurochem
Neurochem Inc. is focused on the development and commercialization of innovative therapeutics to address critical unmet medical needs. Eprodisate (KIACTA(TM)) is currently being developed for the treatment of Amyloid A (AA) amyloidosis, and is under regulatory review for marketing approval by the U.S. Food and Drug Administration, the European Medicines Agency and Swissmedic. Tramiprosate (ALZHEMED(TM)), for the treatment of Alzheimer's disease, has completed a Phase III clinical trial in North America and is currently in a Phase III clinical trial in Europe, while tramiprosate (CEREBRIL(TM)), for the prevention of Hemorrhagic Stroke caused by Cerebral Amyloid Angiopathy, has completed a Phase IIa clinical trial.
To Contact Neurochem
For additional information on Neurochem and its drug development programs, please call the North American toll-free number 1 (877) 680-4500 or visit our Web site at www.neurochem.com.
(1) Alzheimer's Disease Assessment Scale, cognitive subpart (ADAS-cog).
The ADAS-cog is a 70- point scale designed to measure, with the use
of questionnaires, the progression and the severity of cognitive
decline as seen in AD.
(2) Dementia Rating - sum of boxes rating scale (CDR-SB), a measure of
global performance.
This news release contains forward-looking statements regarding tramiprosate (ALZHEMED(TM)) as well as regarding continuing and further development efforts. These statements are based on the current analysis and expectations of management. Drug development necessarily involves numerous risks and uncertainties, which could cause actual results to differ materially from this current analysis and these expectations. Analysis regarding the results of clinical trials may not provide definitive results regarding safety, tolerability or therapeutic benefits. Even if all the endpoints sought in the clinical trials were met (which is not certain), there is no certainty that regulators would ultimately approve tramiprosate (ALZHEMED(TM)) for sale to the public. Risks and uncertainties may include: failure to demonstrate the safety, tolerability and efficacy of our product, that actual results may vary once the final and quality-controlled verification of data and analyses has been completed, the expense and uncertainty of obtaining regulatory approval, including from the FDA, and the possibility of having to conduct additional clinical trials. Further, even if regulatory approval is obtained, therapeutic products are generally subject to: stringent on-going governmental regulation, challenges in gaining market acceptance, and competition. Neurochem does not undertake any obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise. Please see the Annual Information Form for further risk factors that might affect the Company and its business.
For further information, please contact:
Lise Hebert, Ph.D.
Vice President, Corporate Communications
Tel: (450) 680-4572
lhebert@neurochem.com
SOURCE NEUROCHEM INC.
----------------------------------------------
Dr. Lise Hebert
Vice President
Corporate Communications
(450) 680-4572
lhebert@neurochem.com
Nice spread .0007 x .004 lol
VIPM - Pure Energy International, LTD Increases Sales on Pending Acquisition by VIP* Comlink
Jun 22, 2007 3:06:00 PM
AGOURA HILLS, CA -- (MARKETWIRE) -- 06/22/07 -- Pure Energy International, LTD today announced that sales of Beyond Juice stores have increased since the announcement of the pending Beyond Juice asset acquisition by VIP* Comlink, Inc. (PINKSHEETS: VIPM)
Since the acquisition announcement in May, management of Pure Energy has seen the level of activity increase for new Beyond Juice stores, bringing the total of stores in the development phase to 57, representing approximately sixteen million dollars in deferred revenue. Licenses to operate Beyond Juice stores are currently sold at an average price of $285,000.
Management of Pure Energy & VIP anticipate receiving a positive response from VIP shareholders on a proposed stock split intended to create available resources for VIP to complete deals like this. A special meeting of VIP shareholders has been planned for July 11, 2007 to count the shareholder votes. VIP shareholders have been receiving proxy information since early June on the proposed stock split.
Commenting on the current activities of VIP, Chairman of the board and President Mark Helms said, "Not everyone understands what we are trying to do with VIP and Pure Energy. There has been so much hype in past years about how management was going to hit the jackpot on that next great idea. That is not what we are about. We are a conservative bunch willing to take calculated risks and reverse stock splits can have a negative feeling these days. Experience tells us that they are not always a successful way for investors to increase earnings. But given our unique situation, of having no cash and no stock, we had to present the shareholders with something pretty radical and ask them to trust us to do the right thing. We believe that the right thing is to acquire business assets that ultimately provide an ongoing profitable operation in a great industry. We started this venture as shareholders of VIP and have every shareholder in the forefront of our minds. This is why we are moving so slow. We are doing things in a very unconventional way and have been most fortunate to have discovered a creative way to accomplish this most difficult task of resurrecting this twenty-three year old company and bringing all of the shareholders along for the ride."
Management of both Pure Energy and VIP has received a positive response from industry leaders on their approach to establishing this unity between the companies. VIP Shareholders and potential investors are beginning to understand the value that is possible by combining assets of Beyond Juice with the public entity of VIP* Comlink.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "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.
Contact:
Pure Energy International, LTD.
Alan Powers
CFO
alan@purenrgintl.com
Beyond Juice, Inc.
http://www.beyondjuice.com
VIP* Comlink, Inc.
Mark Helms
Chairman & CEO
(801) 305-4153
mark.helms@vipcomlink.com
http://www.vipcomlink.com
Market News First
Angela Junell
214-461-3411
ajunell@MN1.com
VIPM - Pure Energy International, LTD Increases Sales on Pending Acquisition by VIP* Comlink
Jun 22, 2007 3:06:00 PM
AGOURA HILLS, CA -- (MARKETWIRE) -- 06/22/07 -- Pure Energy International, LTD today announced that sales of Beyond Juice stores have increased since the announcement of the pending Beyond Juice asset acquisition by VIP* Comlink, Inc. (PINKSHEETS: VIPM)
Since the acquisition announcement in May, management of Pure Energy has seen the level of activity increase for new Beyond Juice stores, bringing the total of stores in the development phase to 57, representing approximately sixteen million dollars in deferred revenue. Licenses to operate Beyond Juice stores are currently sold at an average price of $285,000.
Management of Pure Energy & VIP anticipate receiving a positive response from VIP shareholders on a proposed stock split intended to create available resources for VIP to complete deals like this. A special meeting of VIP shareholders has been planned for July 11, 2007 to count the shareholder votes. VIP shareholders have been receiving proxy information since early June on the proposed stock split.
Commenting on the current activities of VIP, Chairman of the board and President Mark Helms said, "Not everyone understands what we are trying to do with VIP and Pure Energy. There has been so much hype in past years about how management was going to hit the jackpot on that next great idea. That is not what we are about. We are a conservative bunch willing to take calculated risks and reverse stock splits can have a negative feeling these days. Experience tells us that they are not always a successful way for investors to increase earnings. But given our unique situation, of having no cash and no stock, we had to present the shareholders with something pretty radical and ask them to trust us to do the right thing. We believe that the right thing is to acquire business assets that ultimately provide an ongoing profitable operation in a great industry. We started this venture as shareholders of VIP and have every shareholder in the forefront of our minds. This is why we are moving so slow. We are doing things in a very unconventional way and have been most fortunate to have discovered a creative way to accomplish this most difficult task of resurrecting this twenty-three year old company and bringing all of the shareholders along for the ride."
Management of both Pure Energy and VIP has received a positive response from industry leaders on their approach to establishing this unity between the companies. VIP Shareholders and potential investors are beginning to understand the value that is possible by combining assets of Beyond Juice with the public entity of VIP* Comlink.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "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.
Contact:
Pure Energy International, LTD.
Alan Powers
CFO
alan@purenrgintl.com
Beyond Juice, Inc.
http://www.beyondjuice.com
VIP* Comlink, Inc.
Mark Helms
Chairman & CEO
(801) 305-4153
mark.helms@vipcomlink.com
http://www.vipcomlink.com
Market News First
Angela Junell
214-461-3411
ajunell@MN1.com
sheesh CYRR 25K @ .01 been going for .30 last was 300 shares .30 go figure.
I did flip this for 3 pennies (woop d'do)
but like this one and on watch still
I use alphatrade for lvl2 fwiw
Churak wanted a rumor...lol
google is buying CYPO? lmao thats a nice rumor
Its true, can't trust many when it has to do with the almighty dollar.
Right on cintrix, the "bidwhacking" sometimes is just the mms playing games. and or the company itself being greedy.
Each individual has to do what they can now in this corrupt market to make any kind of gains. would not surprise me in the least to see some of those whining about bidwhacking actually doing it themselves.
53, OS down to...
245K?
now
Outstanding Shares: 52,309,814 as of 2007-06-13
sumtin not smelling right here.
Same with TSFY r/s twice, now IDGI before shares ever issued
MCCY - Effective Control Trucking LLC. Is Pleased to Announce the First Contract Valued in Excess of $300,000
Jun 22, 2007 10:05:00 AM
LONGUEUIL, QC -- (MARKETWIRE) -- 06/22/07 -- Media City Corp. (PINKSHEETS: MCCY) (www.ecnholding.com) President Raphael Huppe is pleased to announce the first of a series of contracts. This contract is for the Folo System with Le Groupe Vertdure, a Quebec-based company (www.vertdure.com).
"The main product line for Effective Control Trucking is the Folo System," said Raphael Huppe. "This contract has been one of our showcase contracts. Le Groupe Vertdure has 90 units installed and has been using the system for about a year now."
Mr. Huppe adds, "The contract is valued at about $300,000 for the installation and approximately $25,000 per year for monitoring services. Le Groupe Vertdure however feels that they have the system for free as they have already been able to recover a stolen vehicle that had the system installed. They have also been able to determine from the statistical data that employee productivity has also risen dramatically."
"Every client has specific needs and the benefits of our system are that we can custom tailor the solution based on client needs. Some clients will want to have our full suite of our current products and systems while others may decide on very specific requirements; one of the benefits of our system is the ability to customize to our clients' requests."
"Our sales force has been extremely successful and we look forward to the announcement of many more conversions from Demo systems and new contracts," added Mr. Huppe.
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Mr. Raphael Huppe
President
investor@ecnholding.com
1-514-940-7587
Dave Herbert
Downshire Capital Inc.
dave@downshirecapital.com
514-315-3669 ext 202
ETIM - Eternal Image Delivers Completed Financial Package to Auditors
Audited Financials Expected to Be Released at Anytime
Jun 22, 2007 9:25:00 AM
Copyright Business Wire 2007
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--
Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed image brand name caskets and urns, today announced that its accounting firm, Harelik, Shapiro, Wolgin & Fine P.C. of Farmington Hills, Michigan, has delivered a completed financial package for audit completion by Demetrius & Company, L.L.C. of Wayne, New Jersey.
According to Jim Parliament, CFO of Eternal Image, "It has always been our stated intention to leave the Pinksheets behind, and this represents a major step in completing our application for up-listing Eternal Image to the OTC:BB (NYSE's Over-The-Counter Bulletin Board)."
John Demetrius, president of Demetrius & Company L.L.C., originally expected the audit to be complete within 10 working days, but due to the completeness of the submitted documents believes that it could be delivered much sooner.
Eternal Image plans to announce the results of the audit by news release and post documentation on its website, www.eternalimage.net, within 24 hours of receipt.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and leading manufacturer and marketer of licensed image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball(TM), Precious Moments(R) and the Vatican Library Collection(TM), as well as pet urns featuring the American Kennel Club(TM) and the Cat Fanciers' Association(TM). For more information about EI, visit www.eternalimage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may", "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential" or "continue" or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
The following is a draft of a letter from Harelik, Shapiro, Wolgin & Fine, P.C. to Eternal Image, Inc.:
DRAFT
Stockholders and Board of Directors:
Eternal Image, Inc.
28800 Orchard Lake Road, Suite 130
Farmington Hills, MI 48334
We have reviewed the accompanying balance sheet of Eternal Image, Inc.
as of December 31, 2006, and the related statement of operations,
stockholders' equity, and cash flows for the year then ended, in
accordance with Statements on Standards for Accounting and Review
Services issued by the American Institute of Certified Public
Accountants. All information included in these financial statements
is the representation of the management of Eternal Image, Inc.
A review consists principally of inquiries of company personnel and
analytical procedures applied to financial data. It is substantially
less in scope than an audit accordance with generally accepted
auditing standards, the objective of which is the expression of an
opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications
that should be made to the accompanying 2006 financial statements in
order for them to be in conformity with generally accepted accounting
principles.
Our review was made for the purpose of expressing limited assurance
that there are no material modifications that should be made to the
financial statements in order for them to be in conformity with
generally accepted accounting principles. The information included in
the accompanying schedules is presented only for supplementary
analysis purposes. Such information has been subjected to the inquiry
and analytical procedures applied in the review of the basic
financial statements. The information is presented in conformity with
generally accepted accounting principles, and we are not aware of any
material modifications that should be made thereto.
The accompanying 2005 statement of operations, statement of
stockholders' equity and statement of cash flows of Eternal Image,
Inc. were compiled by us. A compilation is limited to presenting in
the form of financial statements information that is the
representation of management. We have not audited or reviewed the
2005 financial statements, and accordingly, do not express an opinion
or any other form of assurance on them.
The accompanying cumulative statement of operations, statement of
stockholders' equity and statement of cash flows from April 16, 2004
(Due of Inception) to December 31, 2006 were compiled by us. A
compilation is limited to presenting in the form of financial
statements information that is representation of management. We have
not audited or reviewed the cumulative statements and, accordingly,
do not express an opinion or any other form of assurance on them.
June 21, 2007
Harelik, Shapiro, Wolgin & Fine, P.C.
Source: Eternal Image, Inc.
----------------------------------------------
Investor Relations:
Cambridge Investor Relations
Tony Fazio
781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish
410-883-2000
NCOC gapping
PRGJ - PRG Group Announces First Quarter Revenues of 1.4 Million Dollars
Thursday June 21, 4:05 pm ET
PISCATAWAY, NJ--(MARKET WIRE)--Jun 21, 2007 -- PRG Group, Inc. (Other OTC:PRGJ.PK - News), a holding company for PRG Systems Inc. and Prime Communications Inc., is pleased to announce first quarter 2007 sales revenue of $1.4 million, an increase of $634,000 (83%) over Q1 2006 revenue of $764,000. Similar percentage increases are anticipated throughout 2007.
"The majority of sales this profitable quarter were in the healthcare and industry sectors, but PRG will also target small to medium scale businesses in the coming quarters," said Uma Pandey, PRG Group CEO.
"This is an exciting time for the company, and with each goal on the agenda, we will keep our shareholders informed of our progress and successes."
PRG Group will release a 2007-2008 forecast by early August.
About PRG Group, Inc.:
PRG Group, Inc. is a holding company for PRG Systems Inc. and Prime Communications that has lines of businesses in the following areas: Consulting, Managed Services, Equipment, Network Services and Research & Development. PRG Group subsidiaries provide leading edge business support processes, technology and software to companies seeking to improve their cost structure, productivity and system efficiency. PRG Group has been recognized as a leader in designing integrated solutions for small, medium and large businesses. PRG Group, Inc. is a Delaware based corporation, with offices in New Jersey.
For more information, visit http://www.prg-group.com
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Such forward-looking statements are based on the current beliefs of management and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, such as: the level of business and consumer spending, the ability of the Company to continue to expand its operations, the level of costs incurred in expansion efforts, and economic conditions in the industry. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact:
Contact:
Tanya Davis
Tel: 866-400-2399
Email Contact
--------------------------------------------------------------------------------
Source: PRG Group, Inc.
CWDK - China Water and Drinks Inc. Completes $30 Million Private Placement
Jun 22, 2007 8:51:00 AM
SHENZHEN, China, June 7 /PRNewswire-FirstCall/ -- China Water and Drinks Inc. (OTC Bulletin Board: UGOD.OB) today announced that it had completed a $30 million private placement with investors led by Pinnacle China Fund, L.P.
China Water issued an aggregate of 4,477,612 shares of Series A Convertible Preferred Stock, which are automatically convertible into an aggregate of 22,388,060 shares of China Water's common stock upon the satisfaction of certain conditions. Effectively, the price per share for each share of common stock is $1.34 per share. Proceeds from the financing will be used to expand the production capacity of China Water's existing facilities and to potentially acquire quality bottled water producers in China.
According to a make good arrangement, Mr. Xu Hong Bin, the majority shareholder of China Water, agreed to put into escrow 22,388,060 shares of his common stock of which 11,194,030 shares will be transferred to the investors in the event that the after tax net income ("ATNI") of China Water for the year ended 2007 is less than $19 million. An additional 11,194,030 shares will be transferred by the majority shareholder to investors if (i) the ATNI for the year ended 2008 is less than $30 million or (ii) China Water's 2008 fully diluted EPS is less than $0.30. The ATNI figures were negotiated based on projected revenue estimates of $68 million for 2007 and $107 million for 2008. There can, however, be no assurance that China Water will achieve these ATNI targets or projected revenue estimates.
Mr. Xing Hua Chen, CEO of China Water, commented, "This financing is an important achievement for China Water. We are very pleased to have attracted new, high profile investors into the Company and look forward to a continued, productive relationship."
Results of operations
China Water had revenue of $35.7 million and net income of $8.8 million for the year ended 2006 as compared to $27.7 million and $7.0 million for the year ended 2005, respectively. The increase in revenue and net income for the year ended 2006 against 2005 are $8.0 million and $1.8 million, reflecting a growth rate of 25.3% and 25.7%, respectively. The growth in revenue and net income are mainly attributable to the surge in demand as a result of the growth of the Chinese bottled water market.
China Water achieved $6.2 million in revenue and $1.7 million in net income for the first quarter of 2007, reflecting a decrease of $1.1 million and $0.4 million as compared to the revenue and net income during same quarter in 2006. The decrease in revenue and net income was due to the impact of severe weather conditions on one of China Water's manufacturing facilities and postponement of orders by a significant customer from the first quarter of 2007 to second quarter of 2007.
Mr. Chen commented "Management believes that we are in a position to achieve approximately $14 million in revenue for the second quarter of 2007 (an approximate increase of 57% from the second quarter of 2006). We believe that the projected results for the second quarter will align with our growth targets for the full 2007 fiscal year."
About China Water and Drinks Inc.
China Water and Drinks Inc. is a leading producer and distributor of bottled water in China. Through its production facilities in Guangdong, Zhangjiang, Fexian and Changchun, China Water produces bottled waters ranged from 350 ml to 18.9 liters for local and international beverage brands including Coca-Cola and Uni-President. China Water also produces and distributes bottled water under its own brand name over 11 provinces in China.
Disclaimer Regarding "Forward-Looking Statements"
Certain of the statements set forth in this press release constitute "Forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may" "project," "plan," "will," "should," "could," "would," or words or expressions of similar meaning. Such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
SOURCE China Water and Drinks Inc.
----------------------------------------------
Danny Tsai
Investor Relations for China Water and Drinks Inc.
+1-949-528-2815
Form PRE 14A RUBICON FINANCIAL INC For: Dec 31 (10K) filed
NCOC - National Coal Corp. Enters Stock Purchase Agreement with Alabama-Based Mining Company
Jun 22, 2007 8:51:00 AM
Copyright Business Wire 2007
KNOXVILLE, Tenn.--(BUSINESS WIRE)--
National Coal Corp. (Nasdaq:NCOC) today announces it has entered into a stock purchase agreement with the stockholders of Mann Steel Products, Inc. to acquire 100% of the stock of the company for $55 million. Mann Steel Products, which is based in Birmingham, Alabama, produces steam and industrial coal for the domestic market.
The transaction is subject to a number of conditions, including, but not limited to, completion by National Coal of its due diligence of the assets and properties to be acquired, National Coal obtaining financing to consummate the acquisition, approval of the transaction by National Coal Corp.'s Board of Directors, and receipt of required third party consents and approvals, including consents of National Coal's senior secured lender and bond holders. Accordingly, there can be no assurance that the acquisition will be completed.
National Coal's acquisition of Mann Steel Products is anticipated to close by the end of the third quarter. These newly acquired operations will add more than 1,000,000 tons of capacity to National Coal's existing annual production capacity of approximately 2,000,000 tons. Mann Steel currently has about 100 employees and produces about 1,000,000 tons.
"Mann Steel Products operates three surface mining facilities that are very well managed and have high quality coal reserves. This is precisely the kind of mining operation we have been seeking to enhance our future growth prospects," said Daniel Roling, President and CEO of National Coal. "Mann's management has maintained excellent relationships with its work force and customer base, and the facilities incur low production costs. If consummated, we look forward to these properties making a meaningful contribution to our operations."
About National Coal Corp.
Headquartered in Knoxville, Tenn., National Coal Corp., through its wholly-owned subsidiary, National Coal Corporation, is engaged in coal mining in East Tennessee and Southeastern Kentucky. Currently, National Coal employs about 230 people and produces coal from mines in Tennessee and in Kentucky. National Coal sells steam coal to electric utilities in the Southeastern United States. For more information visit www.nationalcoal.com.
Information About Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward looking statements in this news release include the closing of the acquisition transaction. Factors which could cause actual results to differ materially from these forward-looking statements include failure or difficulty in obtaining third party approvals, our ability to complete the acquisition transaction in a timely manner and the inability to raise the capital necessary to pay the purchase price. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: National Coal Corp.
----------------------------------------------
for National Coal Corp.
Christine Pietryla
865-690-6900
ext. 150
(Investor Relations)
UGOD is now CWDK fyi
CDOC - Coda Octopus Group, Inc. Subsidiary Completes $1.56 Million Contract With Raytheon Missile Systems
Jun 21, 2007 11:40:00 AM
NEW YORK, NY -- (MARKETWIRE) -- 06/21/07 -- Coda Octopus Group, Inc. (PINKSHEETS: CDOC), a world leader in underwater terrorism prevention, headquartered here, today announced a contract with Raytheon Missile Systems for approximately $1,560,000, through its wholly owned subsidiary Colmek Systems Engineering.
The contract is for the upgraded design and production of electronic chassis for the highly robust, integrated Phalanx in-close weapons defense system utilizing advanced RADAR and Infrared Video to locate and destroy incoming hostile threats. The Company said the contract, which is initially for a period of eight months, has resulted in an immediate doubling of production output at Colmek's Salt Lake City headquarters and a backlog of work stretching ahead for at least the next twelve months. This contract comes shortly after the awards of $476,000 and $212,000 for the continued development of the US Navy's mine-hunting towfish. Colmek provides the airborne and land based recording, display and digital processing for the Laser and Sonar based system, which rides aboard the MH-53E Helicopter. Based in Salt Lake City, Colmek had revenues for FY 2006 of $2,900,000.
According to Jason Reid, Coda's President and CEO, "The Raytheon contract is an excellent illustration of the best-of-class engineering skills and business relationships Colmek Systems Engineering brings to the Coda Octopus Group. We believe these skills and relationships will be of tremendous value to Coda in its efforts to win contracts and deliver real-time 3D sonar systems to port authorities, governments, and prime contractors like Raytheon on a worldwide basis."
On April 26, 2007, Coda announced the acquisition of Colmek Systems Engineering in a cash and stock transaction valued at $2,075,000, with $800,000 cash paid at closing.
For further information on Colmek Systems Engineering, please visit its website www.colmek.com.
About Coda Octopus
Founded in 1994 as Coda Technologies, Coda Octopus is recognized internationally as a leading developer of underwater technologies for imaging, mapping, defense and survey applications. Based in New York, with R&D, manufacturing, and sales facilities in the UK, Norway, and Florida, its key products include Octopus precision motion sensors, Coda and Octopus marine software and systems, Octopus thermal printers and the unique Coda Echoscope -- the first real time 3D sub sea sonar with a variety of applications within navies and for sub sea construction. The Echoscope is the heart of the Coda Octopus Underwater Inspection System used for homeland security in ports around the world. With the successful launch of this patented new product, which revolutionizes sub sea visualization, Coda Octopus believes it has established itself as the world leader in underwater port security technology.
For further information, please visit http://www.codaoctopus.com or contact Coda Octopus at info@codaoctopus.com
Safe Harbor Statement: Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, market acceptance of Coda Octopus' planned products and their level of sales, access to the capital necessary to finance and grow the business, a highly competitive environment in the security field that includes numerous large and well established companies much larger than ours, and our ability successfully deploy our technologies and products to meet the technical demands and market requirements of our customers.
Company Contact:
Jason Reid
CEO
(212) 924-3442
Agency Contact:
Equity Communications:
Ira Weingarten
(805) 897-1880
Steve Chizzik
(908) 688-9111
TKER - Tasker Products Receives Purchase Orders for Both Its Poultry Processing and Seafood Applications From New Customers
Jun 21, 2007 11:29:00 AM
DANBURY, Conn., June 21 /PRNewswire-FirstCall/ -- Tasker Products Corp. (OTC Bulletin Board: TKER), a distributor and marketer of proprietary technology effective in inhibiting pathogenic bacteria, today reported that it has received a new purchase order for its Tasker Blue poultry processing Scalder application from a plant of one of the nation's largest poultry processors. The receipt of the order follows a series of test conducted by Tasker of its application at one of the new customer's plants during which it was determined that the use of Tasker Blue not only destroyed bacteria, such as Salmonella and E. coli, in the Scalder, but also improved the final yield. The Company also reported that it has started shipping its seafood application, Pacific Blue, to one of the nation's leading producers of farm raised catfish, a new customer.
These tests, which were monitored by the United States Department of Agriculture (USDA), indicated that Tasker Blue was effective at materially reducing bacteria at temperatures 10-15 percent lower than industry standards and, as a result, increased yields (the final wholesale weight of the birds) by approximately 0.75 percent. Relative to the aggregate poultry production in the United States of over 50 billion pounds per year, a yield increase of this magnitude is a material discovery.
The Company also noted that it has begun testing an application for use in the Chiller section of poultry processing. Upon the successful completion of these tests, Tasker will have applications for four of the six intervention points. Recently, the USDA announced that it was reconsidering the role of Online Re-Processing as an intervention point, which may eliminate or significantly reduce its function in poultry processing. As a result, Tasker suspended its tests of an application designed for the OLR pending the decision by the USDA. As the Company noted during its third quarter conference call, it has increased the capacity of its plant in Conroe, Texas to accommodate up to 56 poultry facilities, based on an average use of 300 gallons of Tasker Blue per day, from its previous level of 11.
Lanny Dacus, Tasker's president and CEO, commented on the new customer purchase order, "The test results of Tasker Blue were compelling. In addition to significantly reducing bacteria in the Scalder, the test confirmed that it remained highly effective at eliminating bacterial at temperatures much lower than the industry norm. Not only does this reduce energy costs, but it resulted in higher overall poultry yields." Mr. Dacus continued, "The addition of Tasker's application in the Chiller section will provide processors with both front-end and back-end solutions that will support water recycling, which is a significant component of processing costs, since up to 10 gallons of water per bird can be used in the operation. The receipt of a purchase order from this new customer of Tasker Products is an important milestone in the products commercialization."
Greg Osborn, Tasker's executive chairman, added, "In addition to the progress being made with the commercialization of our poultry processing application, Pacific Blue, our seafood application, is gradually gaining recognition from the retail and wholesale seafood industries. Similar to the growth patterns achieved with Tasker's Footbath, the application is a developing product in which its effectiveness in inhibiting bacteria and extending the duration of the merchandises' freshness has caught the attention of seafood professionals who are participating in the products commercial development. As the technology continues to prove itself, its efficacy is providing an impetus to the proliferation of new and expanded applications."
About Tasker Products
Tasker is a manufacturer, distributor and marketer of eco-chemistry products with various applications that use the pHarlo technology. The pHarlo technology utilizes a highly charged and acidified, yet stable and safe, solution that enables copper sulfate, a compound with bacteriostatic properties, to remain active throughout a wide range of pH values. The Company currently markets Unifresh(R) Footbath, a grooming aid product for dairy cows, Tasker Blue(R), an antibacterial solution for use in processing poultry and Pacific Blue(TM) Seafood Spray, an antibacterial spray for retail seafood counters. Tasker Products Corp. is headquartered in Danbury, Connecticut. To be added to the news distribution list or to present any questions, send an email to tasker@grannusfinancial.com. Additional information about Tasker is also available at http://www.taskerproducts.com.
This release contains forward-looking statements that involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and performances, or achievements expressed or implied by the forward-looking statement. Actual future results and trends may differ materially from those made in or suggested by any forward-looking statements due to a variety of factors, including, for example, our ability to obtain new financing and/or generate revenue growth in the near future; our history of losses; our limited experience in the marketing of our products; our ability to compete with other products in our market space; and the risk of unfavorable federal regulation. Consequently, you should not place undue reliance on these forward-looking statements. We discuss these and other risks and uncertainties in greater detail in the filings we make with the Securities and Exchange Commission, including under the section entitled, "Risk Factors" in the Company's Annual Report on Form 10-K, as amended, for the year ended December 31, 2006 and our most recent report on Form 10-Q.
Investor Contact:
Grannus Financial Advisors, Inc.
212-681-4100
SOURCE Tasker Products Corp.
----------------------------------------------
Investor Contact
Grannus Financial Advisors
Inc.
+1-212-681-4100
tasker@grannusfinancial.com
for Tasker Products Corp.
NSHV - Nashville Records(TM) Announcing Forthcoming Artists
Jun 21, 2007 9:29:00 AM
Copyright Business Wire 2007
NASHVILLE, Tenn.--(BUSINESS WIRE)--
Nashville Records, Inc. (PINK SHEETS: NSHV) is currently negotiating with two big name artists for the USS New York project and another associated project. The Company will soon release information on these artists. Recordings have commenced and have been recorded by top musicians, including musicians of Dolly Parton and John Michael Montgomery.
The first artist is a young female singer with over ten Top 10 recent hits and is an award-winning vocalist. She has sold millions of albums, and her singles have sold in many countries around the world. Few artists from any genre have had the impact of this artist with singles at the top of the Billboard Charts for many weeks at a time. The Company will release her name and accomplishments in an upcoming news release. She is performing "Never Forget," the ship's motto. A song demo clip can be heard on the Company's website at www.nashvillerecords.com.
The second artist selected is a male singer, equally impressive as his female counterpart, with multi-platinum success and is not only a gifted vocalist but also an accomplished musician. He has dozens of chart-topping hits. The Company anticipates releasing the name and accomplishments within the next several weeks. The song he is performing is titled "The USS New York," which is the name of the ship that was constructed in part with 24 tons of steel from the World Trade Centers.
The Company will further release information in an upcoming PR concerning a Military-based album featuring today's biggest artists. It is estimated a total of twelve to thirteen acts will be selected--five have already indicated a commitment. The project comprises single releases, album release and concert events. One project objective will promote the USS New York events. On June 20th Nashville Records(TM) received the agreements from Rock Bottom Distribution, a 40-year-old company, which has been doing business with AAFES for the past 20 years. This opens the project up to worldwide military distribution, nationwide Walmart and Kmart stores, Borders, Amazon.com, Books-A-Million, Be-Bop Records, Best Buy, One Stop, Super D and many others.
Arlene Hubbard, a Company spokesperson, says, "It's exciting to be part of Nashville Records(TM) and see the Company's rapid development. We will release the news as soon as we complete each artist's contract."
Forward-Looking Statements:
Statements in this release relate to the Company's expectations with regard to the future impact on the Company's results, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This information may contain statements that involve risk and uncertainties and subject to change at any time. The Company's actual results may differ materially from expected results.
Source: Nashville Records, Inc.
----------------------------------------------
Nashville Records
Inc.
David J. DiRicco
877-995-0992
yeah me 2, no calls back after...
2 tries. least they updated pinksheets.com as I requested.
EFTI - EarthFirst Technologies' CAVD Reactor "Clears the Air" in Mobile, Alabama
Jun 21, 2007 9:53:00 AM
TAMPA, FL -- (MARKETWIRE) -- 06/21/07 -- EarthFirst Technologies, Incorporated ("EarthFirst" or "the Company") (OTCBB: EFTI) announced today that its WESCO subsidiary had been awarded an air permit from the Alabama Department of Environmental Management ("ADEM") allowing full-time commercial operations of its Catalytic Activated Vacuum Distillation ("CAVD") technology in Mobile, Alabama. The permit, ADEM Air Permit # 503-0090-X001, was granted to the CAVD reactor and operations in the normal course after administrative review and public comment, a procedure that took approximately 14 months. In Alabama, like most states, experimental pyrolysis reactors or similar technologies can operate only on a research and development basis, cannot generate by-products for sale to third parties and cannot engage in other commercial activities without an operating air permit.
Prior to obtaining the operating permit the Company operated its CAVD process on a limited basis, under an R & D permit. Under this permit proprietary protocols were developed to process used tires, carpet scraps, soybeans, corn and DDGS (ethanol waste) into syngas, oils, carbonaceous material and other by-products.
EarthFirst CEO John Stanton stated, "Obtaining the ADEM operating permit for Mobile is a significant milestone for our CAVD technology and its commercial application to any available feedstock. We believe that this is the first pyrolytic reactor of its kind to secure all needed permits and be cleared for commercial operations in the United States. The Company's continued commitment to CAVD development and new patents now allow us to produce a CAVD carbon and tire derived oil that are substitutes for certain grades of virgin carbon black and residual oils. Both of these petroleum based products have more than doubled in value in recent years. We will focus initially on processing the 285 million used tires generated annually which currently impose a severe environmental burden on our country."
West Texas Crude Oil closed at $69.59 per barrel yesterday, with #6, 1% residual oil (the most similar product to CAVD tire derived oil) quoted at $1.34 per gallon.
The application of EarthFirst's CAVD process to tires also contributes to the national goal of greenhouse gas reductions. According to Dr. Brad Mierau, WESCO's VP of Operations, CAVD generated carbon black results in significant reductions in greenhouse gas emissions compared to virgin carbon black production. "The traditional furnace method for producing carbon black generates almost nine times more carbon dioxide emissions per pound of carbon black than is generated during CAVD carbon black production," stated Dr. Mierau. "This is because in the CAVD process we are recovering carbon black rather than using significant energy synthesizing it through the partial combustion of petroleum," Mierau concluded.
EarthFirst's CAVD process and its SolarDiesel Bio-refinery in Channahon, Illinois are the cornerstones of EFTI's 2007 "Green-Now" Initiative. The goal of this program is to commercialize carbon dioxide reduction technologies. The Company plans to have both of these technologies operational and producing green products by the fourth quarter of 2007.
About EarthFirst Technologies, Incorporated
EarthFirst Technologies, www.earthfirsttech.com, is a specialized holding company engaged in researching, developing and commercializing technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid wastes, and in supplying electrical contracting services to commercial and government customers internationally. Through its subsidiary World Environmental Solutions Company (WESCO), EarthFirst markets solid waste remediation plants utilizing a proprietary Catalytic Activated Distillation (CAVD) process, which is a superior technology developed by EarthFirst to recycle rubber tires and other waste by heating the material without burning it. Through its subsidiary Electric Machinery Enterprises, Inc., www.e-m-e.com, the Company provides electrical contracting services both as a prime contractor and as a subcontractor, electrical support for industrial and commercial buildings, power generation stations, and water and sewage plants in the US and abroad. Through its subsidiary, SolarDiesel Corporation, the Company is primarily focused on facilitating commercial scale production and distribution of biofuels produced from palm oil.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of EFTI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "can," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future EFTI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and EFTI has no specific intention to update these statements.
CONTACT:
Sally Donnelly
888-418-8750
EEGC - Empire Energy Subsidiary Signs Exclusive License to Supply China Dairy and Agricultural Markets with Water Purification Technology
Jun 21, 2007 9:36:00 AM
Copyright Business Wire 2007
LENEXA, Kan.--(BUSINESS WIRE)--
Empire Energy Corporation International (OTCBB: EEGC) today announced that its 47 percent-owned subsidiary, Pacific Rim Foods Ltd. (PRF), has signed an exclusive license agreement with Proton Laboratories (OTCBB: PLBI) to market that company's water treatment technology to the dairy and agricultural processing markets in China.
In the dairy sphere, the technology produces a functional water, consumed by dairy cows, that is free of various strains of bacteria, virus, fungi, spores and communicable disease and has hydrating abilities superior to existing water sources. In the agriculture sector, Proton's technology can be used as a growth medium for organic produce, as a replacement for fungicides, and as a tool for eliminating salmonella, listeria, E coli and other dangerous bacteria.
Pacific Rim plans to sub-license the technology to both the leading dairy and the leading agricultural roll-up company in China, which will install the technology in dairy farms and fresh fruit and vegetable processing plants across that nation.
China's water supply is generally acknowledged to be ravaged by a series of organic and inorganic pollutants. The lack of clean water creates the threat of tainted milk and widespread disease carried by other animal products as well as by agricultural produce.
According to Euromonitor International, the world's leading independent provider of business intelligence, sales of bottled functional water in China in 2005 amounted to RMB1.2 billion (approximately US$148 million).
Potential annual functional water sales to China's dairy and agricultural markets could be significantly higher, said PRF.
Today's announcement, combined with Pacific Rim's recent investment in Mach One Corporation - a maker of a synthetic colostrum (an antibody- and mineral-rich fluid that passes on a cow's immune system to its newborn) - expands PRF's ability to satisfy the demand for numerous dairy and agriculture-based products in China.
Malcolm Bendall, CEO of Empire Energy, said, "We are pleased with the continued equity growth of our investment in Pacific Rim, consistent with our plans to grow the business to a level that it can be separately traded publicly on an exchange such as the Alternative Investment Market in London."
Pacific Rim Foods Ltd., a 47 percent-owned subsidiary of Empire Energy Corporation International (www.empireenergy.com), specializes in growing, canning and marketing the first sweet corn brand in China. With over 50 people on the ground in China, PRF, through its Jilin Jimei Foods Ltd. (www.jimeifoods.com.cn) interests, is positioned to extend its operations into a number of developing markets in the growing agricultural and dairy sector.
Proton Laboratories is a biotech-focused company specializing in the development and marketing of industrial, environmental and residential systems and applications that alter the properties of water to produce "Functional Water." Proton utilizes various forms of electrolytic ion separation to gain properties that substantially enhances its functionality. The end result is a non-chemical, non-toxic, renewable, cost-effective solution that addresses a myriad of today's industrial, health, food handling, environmental and safety issues. For more information about Proton Labs, please visit their website at www.protonlabs.com.
This press release contains forward-looking statements based on current expectations about our company and our industry. These forward-looking statements include 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. 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.
Source: Empire Energy Corporation International
----------------------------------------------
Pacific Rim Foods Ltd.
Tad Ballantyne
262-497-4625
CEO
or
Eisenberg Communications
Rick Eisenberg
212-496-6828
Well some need to b served just about raw so they don't on the grill.
AITX - Airtrax Signs 10 Year Sales and Distribution Agreement With Metalman Engineering Ltd. of Ireland
Jun 21, 2007 8:30:00 AM
BLACKWOOD, N.J., June 21 /PRNewswire-FirstCall/ -- Airtrax, Inc. (OTC Bulletin Board: AITX), a developer of patented Omni-Directional Technology with military and commercial applications, announced today that it has signed a 10 year sales and distribution agreement with Metalman Engineering Ltd. of Waterford, Ireland. The agreement grants Metalman Engineering the exclusive rights for the sale and distribution of Airtrax's SIDEWINDER(TM) and KING COBRA(TM) products throughout Ireland.
Metalman Engineering has 20 years of experience in Precast manufacturing, property development, waste development and engineering projects. Metalman has established a network of experienced material handling dealerships throughout Ireland. Carryduff Forklifts, an established forklift dealership with over 22 years of experience, will be the Northern Ireland regional distributor for Airtrax. Amiac LTD, based in Dublin, will operate in Northern Dublin and 10 surrounding counties. Fork Truck Services will operate in Southern Dublin and seven surrounding counties. Lift Truck Sales, based in Cork will cover four surrounding counties. Suirway Forklifts, based in Tipperary and with over 12 years of experience, will operate in four counties surrounding Tipperary.
Niall Griffin, director and principal of Metalman Engineering, stated, "We have just built a new production facility, showroom and offices based at the airport in Waterford, Ireland. This will be the showcase for Airtrax products including the SIDEWINDER and KING COBRA. We have a serious interest in the Airtrax products and anticipate strong nationwide demand and feel we will represent their products admirably."
Robert Watson, chief executive officer of Airtrax, stated, "Airtrax is fortunate to establish a relationship with a talented group of people that share our enthusiasm and commitment for Omni-Directional Technology. I am excited to work with Niall and his brother Padriag, and leverage their understanding of the industry and the strong fundamental base they have established in Ireland. Their new state-of-the-art facility is the ideal showcase for Airtrax products and the cornerstone of this new industrial complex that is owned and being developed by a division of Metalman Engineering. It was rewarding to see the Airtrax logo proudly displayed in this new facility. This is the start of a partnership that will explore all opportunities present in the Irish market and we feel that Ireland is the perfect starting point for future development."
Mr. Watson continued, "We remain committed to pursuing strategic partnerships and joint ventures that will enable Airtrax to better capitalize on the Company's technologies, lower cost of manufacturing, improving distribution channels and enhancing revenue growth. We anticipate receiving CE certification this month and plan to ship the first four SIDEWINDERS to Ireland in the first part of July."
About Metalman Engineering:
Metalman Engineering has 20 years of experience in Precast manufacturing, property development, waste development and engineering projects. Metalman Engineering Ltd. is a general engineering company, manufacturing and fabricating parts and steelwork to the customers' design in all types of metals and alloys such as mild steel, stainless steel and aluminum. Metalman Engineering was established in 1983 and is an international distributor.
For more information on Metalman Engineering, please visit http://www.metalmanengineering.com.
About Airtrax, Inc.:
A U.S.-based developer of Omni-Directional Technology, Airtrax designs and manufactures Omni-Directional Vehicles. The Airtrax patented wheel was designed and developed by Airtrax after receiving a technology transfer from the US Navy in the form of a Cooperative Research and Development Agreement (CRADA).
The SIDEWINDER(TM) Lift Truck, MP2 Equipment Handlers, and the KING COBRA(TM) 3368 Omni-Directional Aerial Work Platform (AWPs) are the first Omni-Directional vehicles using Omni-Directional technology and the patented Airtrax wheel to be commercially produced. The nearly maintenance-free drive system design reduces maintenance costs, delivering cost efficiencies to companies both large and small. The Airtrax patented Omni-Directional wheel is manufactured exclusively for Airtrax vehicles.
Airtrax has developed business partnerships, received orders, and shipped SIDEWINDER Lift Trucks to California, Wisconsin, Arkansas, Ohio, New Jersey, Kentucky, Florida, and Pennsylvania in the United States, and internationally to the United Kingdom, Japan, Spain, Panama, New Zealand, Canada, and South Africa.
For more information and to view a must-see product demonstration, visit www.airtrax.com or http://www.equityperformancegroup.com/clients_airtrax.php.
The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission. Customers of the SIDEWINDER mentioned in this release may own shares of Airtrax's stock or may own shares in the future.
For further information, contact:
At the Company: Investor Relations:
Airtrax The Equity Performance Group
Robert M. Watson, CEO Bethany Tomich
856-232-3000 617-723-1465
http://www.airtrax.com bethany@equityperfgp.com
http://www.equityperformancegroup.com
SOURCE Airtrax, Inc.
----------------------------------------------
Company
Robert M. Watson
CEO of Airtrax
+1-856-232-3000; or Investor Relations
Bethany Tomich of The Equity Performance Group
+1-617-723-1465
bethany@equityperfgp.com
Just a burger.
RRGB - Red Robin Gourmet Burgers Completes Acquisition of Franchised Restaurants in California
Company Closes on New Credit Facility
Jun 21, 2007 8:30:00 AM
Copyright Business Wire 2007
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
Red Robin Gourmet Burgers, Inc. (Nasdaq: RRGB), a casual dining restaurant chain focused on serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced that it has closed on the acquisition of 15 of the 17 existing franchised Red Robin(R) restaurants in the state of California from Top Robin Ventures and Morite of California effective June 18, 2007. In addition, the franchise territory included in this acquisition encompasses the area of Los Angeles County north of Interstate 10, the California counties of San Luis Obispo, Santa Barbara, Ventura, Fresno, Kings, Tulare and Kern, as well as a portion of Riverside County. The purchase price paid for the initial 15 restaurants was approximately $41.9 million, plus $320,000 for the acquisition of working capital. The purchase price was paid in cash, funded through borrowings under the Company's new $300 million amended credit facility.
The Company also assumed management of the remaining two restaurant locations owned by Top Robin Ventures under management services agreements. The Company expects to close on the remaining two restaurants assuming finalization of acceptable real estate lease terms and liquor license transfers. The Company also intends to acquire an additional restaurant currently under construction in Fresno, California upon its opening, which is expected to occur in July 2007. The consideration expected to be paid for the 18th restaurant (which will be equal to Top Robin's construction and related costs) will be in addition to the $47.5 million expected to be paid for all the 17 existing restaurants.
The asset purchase agreement provides for up to an additional $3 million purchase price earn-out to be paid to the sellers assuming all eighteen of the acquired restaurants achieve certain 2007 sales targets. For the first quarter 2007, a portion of the targeted sales for the acquired restaurants has already been achieved, and approximately $870,000 of the total earn-out was paid at the first closing. The remaining earn-out amounts are scheduled to be paid in quarterly installments based on actual sales through the rest of fiscal year 2007. As previously disclosed, the 17 formerly franchised restaurants generated $56.3 million in revenue in 2006.
"We are pleased to welcome the outstanding team members of Top Robin Ventures to the Red Robin family and look forward to their continued operational success and seamless integration into the Company. In addition to the acquisition of these restaurants, we have acquired significant territory in this established market which we are currently evaluating for additional restaurant development opportunities. Finally, our new credit facility offers us expanded access to capital, more preferable terms, and allows greater flexibility in the uses of those funds," said Dennis B. Mullen, chairman and chief executive officer.
New Credit Facility
On Friday, June 15, 2007, Red Robin International, Inc. ("RRI"), a wholly owned subsidiary of Red Robin Gourmet Burgers, Inc. closed on a new amended and restated credit agreement. The transaction was arranged by Wachovia Capital Markets, LLC, who served as sole lead arranger and bookrunner, along with a syndicate of banks. The amended credit facility is comprised of a $150 million term loan and a $150 million revolving line of credit, and replaces the $200 million credit facility, which was scheduled to mature in December 2010.
The amended credit agreement also allows the Company to increase the revolving credit facility by up to an additional $100 million in the future, subject to lender participation. The initial term of the agreement is for five years, with the option for up to two additional years to be added to the maturity on the revolving line of credit at the Company's request and lenders' participation. The credit facility provides for more favorable borrowing rates, and also allows the Company the ability to repurchase its stock within certain limits, finance restaurant construction, fund potential franchise restaurant acquisitions, as well as support working capital and general corporate requirements.
Financial Impact from the Acquisition
The acquisition is expected to add between $28 and $30 million of net revenue, and between $0.05 and $0.06 per diluted share to earnings for the remainder of fiscal year 2007, excluding any acquisition related one-time charges. The Company expects to record a one-time charge of approximately $0.06 to $0.07 per diluted share relating primarily to the termination of franchise agreements for certain of the restaurants that operated at a royalty rate lower than current market royalty rates. For accounting purposes the financial results of all 17 restaurants will be included in the Company's financial results from the effective date of June 18, 2007 forward. The Company plans to release the results of its second quarter performance, which will include the acquired restaurants, the week of August 13, 2007.
Forward-Looking Statements
Certain information and statements contained in this press release are forward-looking statements. Forward-looking statements include statements regarding our expectations, beliefs, intentions, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements may be identified, without limitation, by the use of forward-looking terminology such as "assuming", "continued", "expects," "opportunities", "plans," "targets", "will" or comparable terms or the negative thereof. All forward-looking statements included in this press release are based on information available to the Company on the date hereof. Such statements speak only as of the date hereof and we undertake no obligation to update any such statement to reflect events or circumstances arising after the date hereof. These statements are based on assumptions believed by us to be reasonable, and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, the following: our ability to close on the acquisition of the remaining two existing restaurant locations and the restaurant under construction; the achievement by the acquired restaurants of 2007 sales targets; our ability to successfully integrate the acquired restaurants; the results of our evaluation of development opportunities in the territory acquired in the acquisition; our ability to obtain lender participation in future increases in or extensions of our revolving credit facility; changes in availability of capital or credit facility borrowings; and other risk factors described from time to time in the Company's 10-Q and 10-K filings with the SEC.
About Red Robin Gourmet Burgers, Inc.
Red Robin Gourmet Burgers, Inc., (www.redrobin.com), founded in 1969, is a casual dining restaurant chain that serves up wholesome, fun, feel-good experiences in a family-friendly environment. Red Robin(R) restaurants are famous for serving more than 22 high-quality gourmet burgers in a variety of recipes with Bottomless Steak Fries(R), as well as salads, soups, appetizers, entrees, desserts, and signature Mad Mixology(R) Beverages. There are 370 Red Robin(R) restaurants located across the United States and Canada, which include both corporate-owned locations and those operating under franchise or license agreements.
About Top Robin Ventures and Morite of California
Top Robin Ventures and Morite of California (together "Top Robin") was one of the largest franchisees of Red Robin restaurants, operating 17 locations in California. Top Robin was a franchisee for over 20 years, and is primarily owned by Bill Morrow and Earl Soller.
Source: Red Robin Gourmet Burgers, Inc.
----------------------------------------------
ICR
Don Duffy/Raphael Gross
203-682-8200
well chu wanted me to change it, if I did it would be
burgerville. and dont call me fruitcake...lol
2 funny
GBRC - Department of Energy Includes Global Resource Corporation's Technology as Possible Answer to U.S. Energy Independence
Company's potential to unlocking billions of barrels of oil in an environmentally friendly process cited in report
Jun 20, 2007 10:34:00 AM
WEST BERLIN, N.J., June 20 /PRNewswire-FirstCall/ -- Global Resource Corporation (OTC: GBRC.PK) announced today that they were recognized by the United States Department of Energy as a company that may one day unlock billions of barrels of energy from domestic United States deposits. Patent pending gasification technology, developed by engineers at Global Resource, is applied to various materials to unlock energy in the form of oil and gas, and this technology, when commercialized, may succeed in satisfying domestic energy consumption.
The Department of Energy issued a report on Wednesday, June 20, 2007, identifying 25 companies that possess unconventional fuel production technologies. The report includes a profile on Global Resource and its energy production technologies, which can potentially unlock billions of barrels of oil from various oil shale, tar sands, coal and capped oil wells located in the USA.
It is anticipated that the report will be found on the DOE's website later today.
"Our technology may one day allow the United States to rely on its own resources for the country's energy needs, and this report is a testament to the potential our process holds," says Frank Pringle, CEO of Global Resource Corporation. "The experts at the DOE see value in our system, and we are honored to be counted among the giants of the petro-chemical industry as a company that may one day help solve the global energy crisis."
The technology gasifies hydrocarbons, the chemical building blocks of oil and gas products, which are found in oil shale, tar sands, coal, capped oil wells and other natural resources. However, unlike other petroleum production processes, Global Resource has discovered a way to cut carbon monoxide and carbon dioxide emissions. Since no oxygen is introduced into the process, and the process is performed in a closed-loop vacuum, harmful pollutants are eliminated.
Representatives from the DOE have reviewed Global Resource's technology and process in-person at the Company's test facility in southern New Jersey. DOE experts witnessed tests performed in Global Resource's emissions-free laboratory unit and analyzed tests preformed on various petro-chemical byproducts. High frequency microwaves are applied to shale, tar sands, resid oil, coal and resources, to heat and gasify hydrocarbons. Those gases condense when they travel through a closed-loop system, creating fuel grade gases and oil, and are collected for storage and transportation. A cutting edge gas chromatograph analyzes the oil and gases to evaluate what fuels have been derived in the process at Global's site.
Global Resource's patent pending technology has been proven in laboratory conditions, and the process is designed to be a cost and energy efficient system. Representatives from major energy companies and emerging energy sectors have visited Global Resource on multiple occasions and have demonstrated faith in the viability of the technology. The process breaks down existing domestic energy sources and produces methane, diesel fuel and heating oil in vast quantities. When commercialized and built on a larger scale, Global Resource's technology will potentially produce oil and multiple gases with minimal refining, energy input, and cost and most importantly without harmful green house gases.
ABOUT GLOBAL RESOURCE CORP.
Global Resource Corp. has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands, waste oil streams and bituminous coal with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. GBRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology.
This news release contains forward-looking statements regarding Global Resource Corp's business strategies and future plans of operations. Forward- looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource's expectations or future events.
Press contact: Company contact:
Matt McLoughlin Frank Pringle
Senior Account Executive CEO
Gregory FCA Global Resource Corporation
27 West Athens Avenue Bloomfield Business Park
Ardmore, Pa. 19003 408 Bloomfield Dr. Unit 3
Main: 610.642.8253, ext. 129 West Berlin, NJ 08091
Mobile: 610.996.4264 Main: 856-767-5661
Matt@GregoryFCA.com FPringle@GlobalResourceCorp.com
SOURCE Global Resource Corporation
----------------------------------------------
Matt McLoughlin
Senior Account Executive of Gregory FCA
+1-610-642-8253
ext. 129
Mobile
+1-610-996-4264
Matt@GregoryFCA.com; Frank Pringle
CEO
Global Resource Corporation
+1-856-767-5661
FPringle@GlobalResourceCorp.com
PSVI - Preservation Sciences Highlights Positive Trends for All Natural Beverage Preservative
Jun 20, 2007 9:35:00 AM
Copyright Business Wire 2007
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--
Preservation Sciences, Inc. (Pink Sheets:PSVI), a company that researches and develops natural technologies for the food, beverage and industrial coatings industry, announced today information regarding its natural preservative for juices and beverages called Natural Choice.
Recent developments regarding the levels of cancer causing benzene in drinks has created a market opportunity for Preservation Sciences. Benzene, a chemical linked to leukemia, can form in drinks with the combination of Vitamin C and either sodium benzoate or potassium benzoate.
Preservation Sciences has retained YET2.COM to license or sell this intellectual property, so that Preservation Sciences can maximize the market opportunity of this technology.
Market demand caused by beverage companies wanting and needing to reformulate with the chemical preservatives -- sodium benzoate or potassium benzoate -- is beneficial to Preservation Sciences.
"We have been waiting for this type of consumer backlash against chemical preservatives," Mr. Gary Harrison, Chairman and Chief Executive Officer stated. "Finally, consumers are aggressively looking at the labels of these beverages, like they look at trans fats and low carbs. This is what will force the manufacturers to switch from chemical preservative to natural alternatives," Mr. Harrison further stated. "Natural Choice is a proprietary technology that we developed, and it needs to continue to be improved for the entire beverage market, yet it works well on juices that have a citrus flavor."
Natural Choice is a trademark of Preservation Sciences, Inc. The technology for Natural Choice is patent pending.
About Preservation Sciences, Inc.
Preservation Sciences, Inc. is a company that researches, manufactures and markets preservative products for the food, beverage and industrial markets. More information about Preservation Sciences is available on the Company's Web site at www.preservationsciences.com.
CAUTIONARY NOTE: Statements contained in this press release that are not historical facts are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from the forward-looking statements contained in this release and which may affect the Company's prospects in general.
Source: Preservation Sciences, Inc.
----------------------------------------------
Preservation Sciences
Inc.
St. Petersburg
Gary Harrison
Chief Executive Officer
727-526-9500
Black Dragon Hires Mike Ellis as Head Engineer
Jun 20, 2007 8:53:00 AM
OIL CITY, LA -- (MARKETWIRE) -- 06/20/07 -- Black Dragon Resource Companies (PINKSHEETS: BDGR) management today announced the hiring of Mike Ellis as Head Engineer.
Mr. Ellis is confident he can help increase current production in the near future. He has spent several months researching all of Black Dragon's geology and engineering and is anxious to get started with the Company. After weighing many different opportunities, Mr. Ellis found Black Dragon best met his criteria and decided to join the team.
"We are excited such an experienced and innovative engineer has signed on with us. We foresee Mike making a difference right away," commented Joe Lanza, CEO of Black Dragon. He added, "this is an important time for Black Dragon, and I want to assure everyone we have not lost a lawsuit and are not insolvent. In fact, we expect a significant receivable in the near future." Mr. Lanza also pointed out he has recently been working on a project in Washington, DC. "It's too early to give details, but I am confident my trip to Washington, DC will prove to be extremely beneficial to Black Dragon and its shareholders."
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other such effect resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil and gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
UpTick.com
480-240-1700
BDGR - Black Dragon Hires Mike Ellis as Head Engineer
Jun 20, 2007 8:53:00 AM
OIL CITY, LA -- (MARKETWIRE) -- 06/20/07 -- Black Dragon Resource Companies (PINKSHEETS: BDGR) management today announced the hiring of Mike Ellis as Head Engineer.
Mr. Ellis is confident he can help increase current production in the near future. He has spent several months researching all of Black Dragon's geology and engineering and is anxious to get started with the Company. After weighing many different opportunities, Mr. Ellis found Black Dragon best met his criteria and decided to join the team.
"We are excited such an experienced and innovative engineer has signed on with us. We foresee Mike making a difference right away," commented Joe Lanza, CEO of Black Dragon. He added, "this is an important time for Black Dragon, and I want to assure everyone we have not lost a lawsuit and are not insolvent. In fact, we expect a significant receivable in the near future." Mr. Lanza also pointed out he has recently been working on a project in Washington, DC. "It's too early to give details, but I am confident my trip to Washington, DC will prove to be extremely beneficial to Black Dragon and its shareholders."
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other such effect resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil and gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
UpTick.com
480-240-1700