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"USOG News" NEW YORK, NY, Feb 18, 2010 (MARKETWIRE via COMTEX) --
United States Oil & Gas Corp (PINKSHEETS: USOG | Quote | Chart | News | PowerRating) released earlier this week an update on their growing base of customers and their robust distribution system.
A breakdown of United States Oil & Gas (USOG) sales figures shows natural gas
accounting for nearly 70% of overall revenue without one single client accounting for more than 5% of total sales. Natural gas provides nearly a 40% mark-up (industry average) from distribution to customer, ensuring better profit margins to USOG compared to competitors with a lower percentage of overall sales of natural gas. The sustained lower temperatures in the upper mid-west should keep sales up throughout the remaining quarter.
USOG has the capability to store over 100,000 gallons of refined fuels with the ability to branch out to an additional 6 acres adjacent to its current location leaving them flexible to a sharp increase in demand.
For more information, please visit www.stocksource.us/usog.html
Teletouch Subsidiary – Progressive Concepts, Inc. (Hawk Electronics) and AT&T Receive Scheduling Order for Arbitration: Hearing Date(s) Assigned for November 8-11, 2010
18.02.2010 | Author: Business Wire | Posted in Technology | Press Release Tags: Advisory, lawsuit, Legal, Mobile/Wireless, North America, professional services, Technology, telecommunications, Texas, United States
FORT WORTH, Texas–(BUSINESS WIRE)– Teletouch Communications, Inc. (OTC: TLLE), a leading U.S. wireless services and consumer electronics provider, today announced that both its wholly-owned subsidiary, Progressive Concepts, Inc. dba Hawk Electronics (“PCI”) as Claimant and AT&T (NYSE: T) as Respondent had recently received the Agreed Scheduling Order from the JAMS Arbitrator assigned to the binding arbitration. Among other matters, including the provision of the Rules and Law governing the arbitration, the Agreed Scheduling Order sets out the proposed completion dates for Discovery, Depositions, Dispositive Motions and Briefing Deadlines, culminating in Arbitration Hearing Date(s) scheduled for November 8 – November 12, 2010.
As previously reported on September 30, 2009, PCI d/b/a Hawk Electronics, the largest remaining Master Distributor and Authorized Services Provider for AT&T cellular products and services in the U.S., initiated legal action against AT&T seeking a minimum $100 million in damages. The process of binding arbitration was commenced to seek relief for damages incurred when AT&T prevented the company from selling Apple, Inc.’s (Nasdaq: AAPL) popular iPhone and other “AT&T exclusive” products and services that PCI contends it is entitled by contract to provide to its customers. The action further asserts that AT&T has violated the longstanding non-solicitation agreement between the companies, by actively inducing customers to leave PCI for AT&T and employing anti-competitive and predatory business practices. PCI is being represented in this matter by the Company’s long-time counsel at the national law firm of Bracewell & Giuliani LLP.
For a more detailed description of the Company’s legal action Notice and Initial Statement of Claim, please refer to the related Form 8-K, filed October 1, 2009 (available at the Company’s website: www.teletouch.com and on EDGAR at www.sec.gov).
About Teletouch Communications
For nearly 45 years, Teletouch has offered a comprehensive suite of wireless telecommunications solutions, including cellular, two-way radio, GPS-telemetry and wireless messaging. Teletouch is a leading direct provider and billing agent of AT&T (NYSE: T) products and services (voice, data and entertainment) to consumers, businesses and government agencies, as well as an operator of its own two-way radio network and LTR systems in Texas. Recently, Teletouch entered into national agency and distribution agreements with Sprint (NYSE: S) and Clearwire (NASDAQ: CLWR), providers of advanced 4G cellular network services. Teletouch operates a chain of 26 retail and agent stores under the “Teletouch” and “Hawk Electronics” brands, in conjunction with its direct sales force, call centers and various retail eCommerce websites including: www.hawkelectronics.com and www.hawkexpress.com. Through its wholly-owned subsidiary, Progressive Concepts, Inc., Teletouch operates a national distribution business, PCI Wholesale, primarily serving large cellular carrier agents and rural carriers, as well as auto dealers and smaller consumer electronics retailers, with product sales and support available through www.pciwholesale.com and www.pcidropship.com, among other B2B oriented websites.
Teletouch’s common stock is traded Over-The-Counter under stock symbol: TLLE. Additional information about the Teletouch family of companies can be found at www.teletouch.com.
All statements from Teletouch Communications, Inc. in this news release that are not based on historical fact are “forward-looking statements” within the meaning of the PSLRA of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
USOG - Increasing Capacity Owing to Strong Demand.
http://www.transworldnews.com/NewsStory.aspx?id=199069&cat=1
United Oil Going From Strength to Strength.
Del Mar 2/18/2010 03:00 PM GMT (TransWorldNews)
Del Mar, CA – United States Oil & Gas Corp's ever expanding subsidiary, North Dakota-based United Oil has been going from strength to strength. United Oil owns its own distribution system of tankers and haulers, and has been adding this to its property, plant and equipment. Like the Company's other wholly owned operating subsidiary Turnbull Oil , the management team at United Oil has been immersed in the oil and gas industry for over thirty years. This time span has enabled United Oil to develop and run a highly efficient distribution system.
Owing to high demand, additional storage is now necessary because customer sales are far ahead of supply. Storage capacity at its bulk plant is nearly 100,000 gallons of refined fuels with additional capacity available on six acres of developable land (which the company owns) located directly adjacent to the main interstate.
StockSource.us (http://www.stocksource.us/focus-stock/penny-stocks/penny-stock-picks-focus-mundus-USOG.html) Reports on Stocks to Watch:
United States Oil & Gas Corp. (Other OTC: USOG)
Featured Stock:
United States Oil & Gas Corp.
(Other OTC: USOG)
www.StockSource.us/usog.html
"SPOM News" SPO Medical Granted Innovative Baby Monitoring Patent
Company's IP Portfolio Expands to 12 Issued Patents
NEW YORK, February 18, 2010 /PRNewswire-FirstCall/ -- SPO Medical Inc. (OTC: SPOM), a leading developer of biosensor and microprocessor technologies for use in portable monitoring devices, today announced it has been granted a new and innovative baby monitoring patent relating to a non-invasive device or system for monitoring and measuring the heart rate of a baby to activate an alarm when the level falls outside a predetermined range. This issuance by the United States Patent and Trademark Office (Patent # 7,650,176) brings the Company's intellectual property (IP) portfolio to a total of twelve patents. This latest patent, developed by the SPO Medical engineering team, increases the Company's technological competitive edge in providing an innovative, high performance solution for a market application applicable to most family homes.
This new patent focuses on commercial applications relating to the implementation of reflectance pulse oximetry for monitoring babies and infants particularly for ages up to 12 months. During their first year, babies have increased susceptibility to breathing disturbances and respiratory ailments which could lead to physiological distress. Early detection of a respiratory ailment could provide the time to administer aid necessary to prevent further deterioration of a baby's wellness. Many types of consumer baby monitors are currently available but most do not give the advance warning necessary for the caregivers to administer aid. In addition, certain baby movement monitors are known to have a high level of "false alarms" as they have no way to distinguish between the lapses in breathing, which can be normal for a baby, and respiratory distress. This could result in increased anxiety for the caregivers or cause them to ignore a signal after responding repeatedly to false alarms. The new patent granted to SPO specifically addresses this concern by providing a pro-active solution through a real-time baby monitoring application.
Michael Braunold, President and Chief Executive Officer of SPO Medical commented: "The granting of this innovative patent could have a major impact on the baby monitoring market - it enables the commercialization of a pro-active monitoring device that can help safeguard a baby during those first-year critical months especially when parental or caregiver anxiety is potentially high. With over 8 million births annually in the USA and Western Europe alone, our objective is to make available this unique technology to client corporations who have an interest in commercializing and distributing a product which delivers parental reassurance attributes with real-time monitoring of babies particularly while they are sleeping."
The Company has established a dedicated web site relating to this homecare application; it can be viewed at http://www.spobaby.com along with a video demonstration of the proposed commercial unit and a facility for making additional enquires to the Company into this innovative product opportunity.
About SPO Medical:
SPO Medical (OTC: SPOM) a leading developer of biosensor and microprocessor technologies for use in portable monitoring devices to capture life-saving and life-enhancing information within four key markets: medical care; home and remote-care; sports and wellness; and safety and security. Its patented technology uses information gathered from the reflectance of light on the human blood stream, in a non-invasive manner, to monitor key vital signs. The Company licenses its technologies to appropriate client corporations for commercialization and distribution. For more information, visit http://www.spomedical.com and http://www.spobaby.com.
"HZHI News" http://pr-usa.net/index.php?option=com_content&task=view&id=335481&Itemid=95
HORIZON HEALTH INTERNATIONAL CORP. (PINK SHEETS:HZHI) (The Company) Horizon Health is pleased to announce that it has entered into a Memorandum of Understanding for a financing through an offshore group.
The M of U is based on a financing that will provide the Company with up to $500,000 for inventory and working capital. The funding advances will be based on the sales performance of the Company over the next 6 months. The Company plans to complete and execute the Definitive Agreement on or before February 19th, 2010.
The funding will provide the company with the opportunity to advance the Company's plan of development and operations both for Canada and the US for 2010.
Horizon's business: www.horizonhealthandsafety.com
Horizon provides virtual storefront access through E-Commerce, to market an extensive array of products that support independent living for persons challenged by a disability or some form of physical limitation. Often referred to by the generic label of disability products! These products encompass a broad range of categories including: - Adaptive technology - Aids for daily living - deaf and hard of hearing - Low vision aids - Mobility aids - Office ergonomics - Orthopedics. Nearly 10,000 products will be catalogued on the website for purchase by seniors, persons with disabilities caused by illness or a medical condition and person's temporary or permanent injuries.
In addition the Company acquired the exclusive rights to market, the "Chariot" and the "Telepath", in Canada, two products by Exmovere.
Mid January 2010 the Company announced the product launch of "HeatWear", the Company's new exclusive heated apparel line.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports.
"IGNT News" Press Release Source: Ingen Technologies, Inc. On Thursday February 18, 2010, 8:15 am
YUCAIPA, Calif., Feb. 18, 2010 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:IGNT - News), a leading manufacturer of respiratory medical devices, recently announced today that the CEO and Chairman of the Board, Scott R. Sand, has issued the following statement.
"Ingen Technologies is focused on increasing the sales and marketing of its respiratory product line. We have passed Stage-I of our ISO Certification audit, and expect to pass Stage-II on March 1, 2010. This ISO certification opens doors to Europe, Asia, Canada and Australia where our products are needed more, and where we currently have back-orders pending ISO certification. COPD is the 4th cause of death in the USA and Canada, and the first leading cause of death in Europe and Asia, and this is why there is a greater demand of our Smart Nasal Cannula with Oxyview, and our new I-Pulse Oximeter. We expect to meet our 2010 projections of $11M in sales. Israel is our newest distribution partner, as we discuss details with Elul Medical Assistance Services Ltd."
"There is no reverse split authorized or being discussed. We have strong investment commitments to assist the company with a stock buy-back program. In order to comply with the forbearance agreement with the N.I.R. Group, we will seek majority vote from our shareholders to increase the authorized so that we can pay off the balance of the note owed to the various funds managed by the N.I.R. Group and move forward with the share buy-back program. We have signed an aggressive PR contract with Accelerize New Media and the OTCRoadshow.com to support and strengthen shareholder value over the next few months. Currently the company has paid off the majority of its debts, and has reduced the NIR debt down from $4.5M to $2.2M in the past 5 months. When this debt is cured, we will begin the share buy-back program. We continue to have a sufficient cash reserve, and our product sales continue to show a steady incline, despite the fact that we have not gained ISO certification as of now."
"Our pending GSA contracts are expected to be approved very soon, and these contracts will also greatly improve our distribution and product sales. KGMA Business Solutions has recently begun introducing our products and negotiating national distribution contracts for VA Hospitals and the Department of Defense. We will make an announcement in 2 weeks regarding their progress."
"We are not out of the woods just yet, however. We have a strong commitment to our shareholders and to the success of this company, and there is no doubt that our medical products are now on the way to creating the revenues and recognition that they deserve in the marketplace. The company will be introducing another new proprietary and innovative product in April-2010 for the drug industry. The heart of our success lies within the risks we have taken and our belief in these new medical products and success for this company. With all of this said, we continue to seek the support from our shareholders, and look for success in the near future to come," stated Scott R. Sand, Chief Executive Officer and Chairman of the Board.
http://www.cdc.gov/nchs/FASTATS/lcod.htm
http://www.healthnews.com/disease-illness/leading-causes-death-europe-1109.html
http://www.healthnews.com/medical-updates/leading-causes-death-asia-1440.html
http://idealbody4life.com/the-leading-causes-of-death-in-australia
http://www.ingen-tech.com/
http://www.smartnasalcannula.com/
http://www.ipulseoximeter.com/
About Ingen:
Ingen is an established medical device manufacturer with an emerging new medical product line for the respiratory market worth an estimated $4 Billion in the U.S., and $8 billion globally. The company introduced Oxyview into the respiratory market in late 2007 after securing U.S. and Foreign Patents and a successful registration with the Food & Drug Administration. The company has domestic and global distribution with manufacture representative organizations, and OEM partners. In 2009 the Oxyview Nasal Cannula was introduced as the world's first oxygen cannula with an in-line pneumatic oxygen flow meter. In 2010 the company introduced the Oxyview Pulse Oximeter. The Oxyview product line is available to the home care markets, commercial medical markets, aviation, automotive, and government sources. The company is licensed with the Department of Health and Human Services, and manufactures its products in the State of California. With approximately 32 million U.S. patients with Chronic Obstructive Pulmonary Disease (COPD), and 600 million patients worldwide, Ingen Technologies is now the largest manufacturer of in-line gravity-independent oxygen flow meters.
The Ingen Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2472
"BHWX News" Black Hawk Exploration's Wholly Owned Subsidiary Blue Lithium Energy Engages Boart Longyear for Clayton Valley Lithium Drill Program
FOX ISLAND, Wash., Feb. 18 /PRNewswire-FirstCall/ -- Black Hawk
Exploration, Inc. (OTC Bulletin Board: BHWX) wholly owned subsidiary, Blue
Lithium Energy Corp. announced today that it has engaged Boart Longyear
Limited (Boart) to commence its Clayton Valley Lithium drill program.
Drilling will begin within the next two weeks. Blue Lithium previously
received an affirmative decision from the United States Department of
Interior, Bureau of Land Management (BLM), Tonopah, Nevada for its Clayton
Valley, Nye County lithium exploration. A financial guarantee Bond was
required and has been submitted and accepted by the BLM, Branch of Minerals
Adjudication to warranty complete reclamation of any environmental
disturbance to the drill area and keep within Black Hawk Exploration's
corporate "Green Policy." The Bureau of Land Management determination
notice will remain in effect for 2 years from the date of the Blue Lithium
Energy approval decision. The original Notice of Drill Exploration was
filed by Blue Lithium Energy November 25th, 2009 and the engagement of
Boart Longyear will allow Management to fast track its drill program and
confirm the Lithium brine levels at our Clayton Valley, Nevada claims.
ABOUT BOART LONGYEAR
Boart Longyear delivers the most effective drilling solutions in the
widest variety of drilling applications and provides industry-leading
expertise to its customers around the world. Their drilling Services
includes experience in proven drilling methods such as reverse circulation,
sonic, percussive, underground and surface coring. Always leading the way,
Boart teams are constantly developing tomorrow's solutions and applying
emerging technologies to the services they provide their customers. Boart
Longyear is known for taking on the most difficult drilling projects and
executing them with a safe and effective solution. Boart's experienced
drillers operate in the most difficult environments while still maintaining
excellence in safety and productivity. Visit http://www.boartlongyear.com/
About Clayton Valley
On September 30th, 2009 Black Hawk announced its Clayton Valley,
Nevada, 56 claim, 1120 acre acquisition located in the Lithium brine rich
Clayton Valley, Nevada. Clayton Valley is the home of the largest and only
Lithium brine production facility in the United States. The plant
(Chemetall Foote) has been in production since 1967. The plant is designed
to produce 1.2 million Kg of Lithium per year and has produced an estimated
50 million Kg of Lithium to date. Black Hawk's Blue Lithium Energy
subsidiary's claims are located in close proximity to the Chemetall Foote
Mining facility. The American Institute of Mining estimates the Lithium
resources of the Clayton Valley to be 750,000,000 Kg. Clayton Valley
Lithium brine deposits are found at depths of a few hundred meters and can
be extracted in an environmentally friendly manner. Lithium is a key
element used in the development of the Electric Car battery power source.
About Black Hawk Exploration, Inc.:
Black Hawk is a diversified metals and energy exploration company with
its current focus on Llithium exploration through its wholly owned
subsidiary Blue Lithium Energy Corp and Gold discovery through its wholly
owned Golden Black Hawk Inc's Dun Glen holdings. Black Hawk is committed to
an aggressive program of value added property acquisition, project
generation, asset diversity and building Shareholder value.
"PVHO News" Feb 18, 2010 05:00 ET
Provision Interactive Names Ping Mobile to Provide Interactive Mobile Marketing Campaigns
CHATSWORTH, CA--(Marketwire - February 18, 2010) - Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), a provider of 3D interactive display software and hardware, announced today that it has partnered with Ping Mobile to add a mobile marketing component to its displays. The partnership will allow Provision's 3D Media Center platform to function as an integrated point-of-sale solution in malls, airports and other public locations.
"Mobile marketing serves as both an acquisition and retention tool for retailers and brands," said Curt Thornton, CEO of Provision. "By adding a mobile marketing capability to our 3D holographic displays, we are able to offer our clients a leading-edge technology that will directly result in location-based sales."
Ping Mobile president Shira Simmonds describes how the mix of Provision's 3D Media Centers and mobile marketing benefits brick-and-mortar retailers.
"When consumers respond to a call-to-action in a mall, airport, stadium or other public venue, they can retrieve discount coupons, tickets, vouchers and other printed items from Provision's 3D Media Centers. They can then redeem those offers with the participating on-site retailers. It's one of the most effective uses of mobile marketing, as it reaches consumers in real time, while they're out and about in immediate proximity to the retailer."
Provision's 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high-resolution videos into space, detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused Fortune 1000 companies.
Ping Mobile provides a complete range of mobile marketing services, including SMS, MMS, IVR, WAP applications and Bluetooth. With an industry-leading focus on consultancy, reporting, data analysis and client services packages, Ping is the mobile marketing agency of choice for clients that have included Warner Brothers, Ford Motor Company, Days Inn, Disney's Soap Channel, Kentucky Fried Chicken, Arby's, Pizza Hut and Hawaiian Airlines.
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTCBB: PVHO), is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications.
Provision's 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high resolution videos into space detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused Fortune 1000 companies.
For more information, please visit Provision at www.provision.tv.
I to believe in PinkInvestor also. I have watched him for a few weeks and he is on point. Bought EMXC because of him and watched that go all the way up to .006 last week. GLTY.
Im in EAGB with you mojobaal, got in yesterday .0032 and holding like PinkInvestor said.
No problem azstoney. GLTE on this play!
"BGEM News" Electric Beverage 'Title Sports Drink' Hits Orlando Airwaves and Stores
First Major Push Outside Tri County South Florida Market Begins Today
MEDLEY, Fla., Feb. 17 /PRNewswire-FirstCall/ -- The Electric Beverage Company is pleased to announce that it's All Natural Title Sports Drink, distributed by Blue Gem Enterprise (OTC Bulletin Board: BGEM) is now on the shelves of Walgreens Stores in Greater Orlando. Commercials are now airing on several of Central Florida radio stations. The marketing blitz in the Orlando area includes radio advertising, grass roots, cause related and entertainment related marketing.
"We are pleased to bring our All Natural Sports Drink to the consumers of central Florida," says VP of Marketing Matthew Hatchette. "We are committed to telling the story of what we consider to be the greatest sports drink ever made to the people of Orlando, and it starts now."
Title Sports Drink launched in South Florida stores in September and has increased its distribution monthly to now include Publix, Walgreens, Navarro, Sedano's and Bravo Stores, along with hundreds of independents across the region. Title is endorsed by some of South Florida's most recognized professional athletes including Ronnie Brown and Vontae Davis of the Miami Dolphins, Michael Beasley and Mario Chalmers of the Miami Heat, All Pro Wide Receiver Terrell Owens and Hall of Fame Linebacker Lawrence Taylor.
About Blue Gem Enterprise
Blue Gem Enterprise is an emerging beverage distribution company headquartered in South Florida and serves the area from Southern Georgia through the Florida Keys, including major chains, independent stores, hospitals, gyms, hotels and other retailers. It is the mission of Blue Gem to become one of the leading distributors of non alcoholic beverages and foods in the state of Florida.
"BGEM News" Electric Beverage 'Title Sports Drink' Hits Orlando Airwaves and Stores
First Major Push Outside Tri County South Florida Market Begins Today
MEDLEY, Fla., Feb. 17 /PRNewswire-FirstCall/ -- The Electric Beverage Company is pleased to announce that it's All Natural Title Sports Drink, distributed by Blue Gem Enterprise (OTC Bulletin Board: BGEM) is now on the shelves of Walgreens Stores in Greater Orlando. Commercials are now airing on several of Central Florida radio stations. The marketing blitz in the Orlando area includes radio advertising, grass roots, cause related and entertainment related marketing.
"We are pleased to bring our All Natural Sports Drink to the consumers of central Florida," says VP of Marketing Matthew Hatchette. "We are committed to telling the story of what we consider to be the greatest sports drink ever made to the people of Orlando, and it starts now."
Title Sports Drink launched in South Florida stores in September and has increased its distribution monthly to now include Publix, Walgreens, Navarro, Sedano's and Bravo Stores, along with hundreds of independents across the region. Title is endorsed by some of South Florida's most recognized professional athletes including Ronnie Brown and Vontae Davis of the Miami Dolphins, Michael Beasley and Mario Chalmers of the Miami Heat, All Pro Wide Receiver Terrell Owens and Hall of Fame Linebacker Lawrence Taylor.
About Blue Gem Enterprise
Blue Gem Enterprise is an emerging beverage distribution company headquartered in South Florida and serves the area from Southern Georgia through the Florida Keys, including major chains, independent stores, hospitals, gyms, hotels and other retailers. It is the mission of Blue Gem to become one of the leading distributors of non alcoholic beverages and foods in the state of Florida.
"BGEM News" Electric Beverage 'Title Sports Drink' Hits Orlando Airwaves and Stores
First Major Push Outside Tri County South Florida Market Begins Today
MEDLEY, Fla., Feb. 17 /PRNewswire-FirstCall/ -- The Electric Beverage Company is pleased to announce that it's All Natural Title Sports Drink, distributed by Blue Gem Enterprise (OTC Bulletin Board: BGEM) is now on the shelves of Walgreens Stores in Greater Orlando. Commercials are now airing on several of Central Florida radio stations. The marketing blitz in the Orlando area includes radio advertising, grass roots, cause related and entertainment related marketing.
"We are pleased to bring our All Natural Sports Drink to the consumers of central Florida," says VP of Marketing Matthew Hatchette. "We are committed to telling the story of what we consider to be the greatest sports drink ever made to the people of Orlando, and it starts now."
Title Sports Drink launched in South Florida stores in September and has increased its distribution monthly to now include Publix, Walgreens, Navarro, Sedano's and Bravo Stores, along with hundreds of independents across the region. Title is endorsed by some of South Florida's most recognized professional athletes including Ronnie Brown and Vontae Davis of the Miami Dolphins, Michael Beasley and Mario Chalmers of the Miami Heat, All Pro Wide Receiver Terrell Owens and Hall of Fame Linebacker Lawrence Taylor.
About Blue Gem Enterprise
Blue Gem Enterprise is an emerging beverage distribution company headquartered in South Florida and serves the area from Southern Georgia through the Florida Keys, including major chains, independent stores, hospitals, gyms, hotels and other retailers. It is the mission of Blue Gem to become one of the leading distributors of non alcoholic beverages and foods in the state of Florida.
"News APCX" Microsoft CEO Steve Ballmer Unveils Windows Phone 7 Series in Barcelona as AppTech Global Joins Microsoft Mobile Development Program
HOUSTON, Feb. 17 /PRNewswire-FirstCall/ -- Yesterday at Mobile World Congress 2010, Microsoft Corp. CEO Steve Ballmer unveiled the next generation of Windows® Phones, Windows Phone 7 Series. "Today, I'm proud to introduce Windows Phone 7 Series, the next generation of Windows Phones," said Steve Ballmer, CEO at Microsoft. "In a crowded market filled with phones that look the same and do the same things, I challenged the team to deliver a different kind of mobile experience. Windows Phone 7 Series marks a turning point toward phones that truly reflect the speed of people's lives and their need to connect to other people and all kinds of seamless experiences."
Following the Microsoft announcement, AppTech Corp. (Pink Sheets: APCX) www.apptechglobal.com announced that its subsidiary AppTech Global, Inc. has now joined the Microsoft Mobile development program to develop apps for the Windows Phone 7 Series, in addition to their recently announced iPhone and Google Android development programs for mobile applications.
Sean Connolly, Vice President of AppTech Global, commented, "We are proud to join Microsoft and other major phone software providers who are truly improving the outlook for mobile applications development; however, given that there are over 125,000 iPhone apps at just the App Store, product marketing and differentiation is a critical issue for independent developers on mobile platforms of all kinds. As we complete the AppTech Global Marketplace for mobile app developers, we will provide the development community with independent, multi language marketing tools, localizing their apps in emerging markets to stand out beyond the clutter of thousands of other apps available. The AppTech Global Marketplace will be the great equalizer for independent developers and a wonderful resource for unique and creative apps demanded by the worldwide consumer market."
AppTech Global, Inc. is a subsidiary of AppTech Corp. and is developing mobile application market places serving emerging countries throughout the world, including Latin America, Brazil, China, India, Japan and the USA.
"DKAM News" Drinks Americas Offers Guidance for Third Quarter 2010 and Review of Venture with Mexcor International Wine and Spirits; Third Quarter Revenue Growth Up $385,000 Over Second Quarter
Company Previews Substantial Debt and Overhead Reduction
WILTON, Conn., Feb. 17 /PRNewswire/ -- (http://www.myprgenie.com) -- Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM) a leading owner, developer and marketer of premium beverages associated with renowned icons, reiterated that it will hold an earnings call on February 17, 2010 in order to review quarterly results from the second quarter 2010, and to offer a preliminary view of results for the third quarter 2010. The Company will also discuss its reduction of debt and overhead, as well as the recent material developments in its venture with Mexcor International Wine and Spirits.
As previously reported, due to capital constraints, the Company's second quarter shipments and resulting revenue were only $15,000. In the third quarter 2010 ended January 31, 2010, the Company shipped and sold approximately $400,250 in product.
As a result of various negotiations, the Company has reduced its payables and short term debt, which will be reflected in third quarter reporting. As a result of the reconfiguration of the Company's business model, Drinks' annual overhead will be reduced from an historical run rate of more than $4.8 million annually to approximately $1.2 million annually.
The Company recently announced a venture with Mexcor International Wine and Spirits to accelerate the production and distribution of its products, which will be discussed during the Feb 17th call. Drinks will publish a shareholder letter that will be posted on www.drinksamericas.com following the call describing this new venture.
As previously announced, the Conference Call and Webcast on Wednesday, February 17 begins at 11:00AM Eastern Time. The dial-in number for the conference call is 1-480-629-9868 or toll free 1-888-561-1721, access code 4230250. Begin dialing in 10 minutes prior to the conference start time.
To listen to the live Webcast, go to:
http://w.on24.com/r.htm?e=194189&s=1&k=17959216EB9325744D13FA646F1D3EB8
The call will also be available for replay for seven days by dialing 1-303-590-3030 or toll free 1-800-406-7325, access code 4230250.
About Drinks Americas
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages associated with renowned icon celebrities, including Olifant Vodka, Kid Rock's American BADASS Beer, Trump Super Premium Vodka and Willie Nelson's Old Whiskey River Bourbon. The Company also has a partnership with Universal Music's Interscope, Geffen, A&M Records to jointly develop and launch beverage products. Other products owned by Drinks Americas include Aguila Tequila from Mexico and Rheingold Beer.
For further information, please visit our new website at www.drinksamericas.com.
"DKAM News" Drinks Americas Offers Guidance for Third Quarter 2010 and Review of Venture with Mexcor International Wine and Spirits; Third Quarter Revenue Growth Up $385,000 Over Second Quarter
Company Previews Substantial Debt and Overhead Reduction
WILTON, Conn., Feb. 17 /PRNewswire/ -- (http://www.myprgenie.com) -- Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM) a leading owner, developer and marketer of premium beverages associated with renowned icons, reiterated that it will hold an earnings call on February 17, 2010 in order to review quarterly results from the second quarter 2010, and to offer a preliminary view of results for the third quarter 2010. The Company will also discuss its reduction of debt and overhead, as well as the recent material developments in its venture with Mexcor International Wine and Spirits.
As previously reported, due to capital constraints, the Company's second quarter shipments and resulting revenue were only $15,000. In the third quarter 2010 ended January 31, 2010, the Company shipped and sold approximately $400,250 in product.
As a result of various negotiations, the Company has reduced its payables and short term debt, which will be reflected in third quarter reporting. As a result of the reconfiguration of the Company's business model, Drinks' annual overhead will be reduced from an historical run rate of more than $4.8 million annually to approximately $1.2 million annually.
The Company recently announced a venture with Mexcor International Wine and Spirits to accelerate the production and distribution of its products, which will be discussed during the Feb 17th call. Drinks will publish a shareholder letter that will be posted on www.drinksamericas.com following the call describing this new venture.
As previously announced, the Conference Call and Webcast on Wednesday, February 17 begins at 11:00AM Eastern Time. The dial-in number for the conference call is 1-480-629-9868 or toll free 1-888-561-1721, access code 4230250. Begin dialing in 10 minutes prior to the conference start time.
To listen to the live Webcast, go to:
http://w.on24.com/r.htm?e=194189&s=1&k=17959216EB9325744D13FA646F1D3EB8
The call will also be available for replay for seven days by dialing 1-303-590-3030 or toll free 1-800-406-7325, access code 4230250.
About Drinks Americas
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages associated with renowned icon celebrities, including Olifant Vodka, Kid Rock's American BADASS Beer, Trump Super Premium Vodka and Willie Nelson's Old Whiskey River Bourbon. The Company also has a partnership with Universal Music's Interscope, Geffen, A&M Records to jointly develop and launch beverage products. Other products owned by Drinks Americas include Aguila Tequila from Mexico and Rheingold Beer.
For further information, please visit our new website at www.drinksamericas.com.
"DKAM News" Drinks Americas Offers Guidance for Third Quarter 2010 and Review of Venture with Mexcor International Wine and Spirits; Third Quarter Revenue Growth Up $385,000 Over Second Quarter
Company Previews Substantial Debt and Overhead Reduction
WILTON, Conn., Feb. 17 /PRNewswire/ -- (http://www.myprgenie.com) -- Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM) a leading owner, developer and marketer of premium beverages associated with renowned icons, reiterated that it will hold an earnings call on February 17, 2010 in order to review quarterly results from the second quarter 2010, and to offer a preliminary view of results for the third quarter 2010. The Company will also discuss its reduction of debt and overhead, as well as the recent material developments in its venture with Mexcor International Wine and Spirits.
As previously reported, due to capital constraints, the Company's second quarter shipments and resulting revenue were only $15,000. In the third quarter 2010 ended January 31, 2010, the Company shipped and sold approximately $400,250 in product.
As a result of various negotiations, the Company has reduced its payables and short term debt, which will be reflected in third quarter reporting. As a result of the reconfiguration of the Company's business model, Drinks' annual overhead will be reduced from an historical run rate of more than $4.8 million annually to approximately $1.2 million annually.
The Company recently announced a venture with Mexcor International Wine and Spirits to accelerate the production and distribution of its products, which will be discussed during the Feb 17th call. Drinks will publish a shareholder letter that will be posted on www.drinksamericas.com following the call describing this new venture.
As previously announced, the Conference Call and Webcast on Wednesday, February 17 begins at 11:00AM Eastern Time. The dial-in number for the conference call is 1-480-629-9868 or toll free 1-888-561-1721, access code 4230250. Begin dialing in 10 minutes prior to the conference start time.
To listen to the live Webcast, go to:
http://w.on24.com/r.htm?e=194189&s=1&k=17959216EB9325744D13FA646F1D3EB8
The call will also be available for replay for seven days by dialing 1-303-590-3030 or toll free 1-800-406-7325, access code 4230250.
About Drinks Americas
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages associated with renowned icon celebrities, including Olifant Vodka, Kid Rock's American BADASS Beer, Trump Super Premium Vodka and Willie Nelson's Old Whiskey River Bourbon. The Company also has a partnership with Universal Music's Interscope, Geffen, A&M Records to jointly develop and launch beverage products. Other products owned by Drinks Americas include Aguila Tequila from Mexico and Rheingold Beer.
For further information, please visit our new website at www.drinksamericas.com.
"News DKAM" Drinks Americas Offers Guidance for Third Quarter 2010 and Review of Venture with Mexcor International Wine and Spirits; Third Quarter Revenue Growth Up $385,000 Over Second Quarter
Company Previews Substantial Debt and Overhead Reduction
WILTON, Conn., Feb. 17 /PRNewswire/ -- (http://www.myprgenie.com) -- Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM) a leading owner, developer and marketer of premium beverages associated with renowned icons, reiterated that it will hold an earnings call on February 17, 2010 in order to review quarterly results from the second quarter 2010, and to offer a preliminary view of results for the third quarter 2010. The Company will also discuss its reduction of debt and overhead, as well as the recent material developments in its venture with Mexcor International Wine and Spirits.
As previously reported, due to capital constraints, the Company's second quarter shipments and resulting revenue were only $15,000. In the third quarter 2010 ended January 31, 2010, the Company shipped and sold approximately $400,250 in product.
As a result of various negotiations, the Company has reduced its payables and short term debt, which will be reflected in third quarter reporting. As a result of the reconfiguration of the Company's business model, Drinks' annual overhead will be reduced from an historical run rate of more than $4.8 million annually to approximately $1.2 million annually.
The Company recently announced a venture with Mexcor International Wine and Spirits to accelerate the production and distribution of its products, which will be discussed during the Feb 17th call. Drinks will publish a shareholder letter that will be posted on www.drinksamericas.com following the call describing this new venture.
As previously announced, the Conference Call and Webcast on Wednesday, February 17 begins at 11:00AM Eastern Time. The dial-in number for the conference call is 1-480-629-9868 or toll free 1-888-561-1721, access code 4230250. Begin dialing in 10 minutes prior to the conference start time.
To listen to the live Webcast, go to:
http://w.on24.com/r.htm?e=194189&s=1&k=17959216EB9325744D13FA646F1D3EB8
The call will also be available for replay for seven days by dialing 1-303-590-3030 or toll free 1-800-406-7325, access code 4230250.
About Drinks Americas
Drinks Americas develops, owns, markets, and nationally distributes alcoholic and non-alcoholic premium beverages associated with renowned icon celebrities, including Olifant Vodka, Kid Rock's American BADASS Beer, Trump Super Premium Vodka and Willie Nelson's Old Whiskey River Bourbon. The Company also has a partnership with Universal Music's Interscope, Geffen, A&M Records to jointly develop and launch beverage products. Other products owned by Drinks Americas include Aguila Tequila from Mexico and Rheingold Beer.
For further information, please visit our new website at www.drinksamericas.com.
rodburton thanks for the eamil alert on EAGB in now and ready for tomorrow.
"News EIGH" 8000inc (EIGH.pk) Partnership With the Amateur Athletics Association of Barbados Delivers Potential Brand Exposure to 4.7Bn People
MANASSAS, Virginia, February 16, 2010 /PRNewswire/ --
- http://www.nationnews.com/news/sports/LEAD-AAA-new-partner-copy-for-web
8000inc (EIGH.pk) is partnering with the Amateur Athletics Association of Barbados (AAAB) to develop athletics and athletes on the Island. 8000inc will also exclusively develop clothing and kit for the national team which will be worn by the athletes and support staff around the world, together with an exclusive clothing range for the supporters, bearing the new 8000inc designed AAAB logo. In parallel, 8000inc will be launching its own exclusive clothing lines to the public in February 2010. The design work for the clothing range will be delivered in house by the 8000inc team with a flagship store at Lime Grove on the Platinum coast of Barbados and an exclusive on line store. News on this acquisition and the stores will be announced concurrently with the launch of the clothing range. (http://www.limegrove.com/brand_list.php).
Thomas Kelly, CEO 8000inc said, "The partnership with the AAAB is not only a first, but is extremely important strategically to 8000inc. We have just acquired the team to design, manufacture and brand 8000inc clothes on a world stage and we are confident of the impact and outcome they will have. The importance of the AAAB partnership should not be underestimated or in fact ignored. We have entered an arena that surpasses all markets terms of global interest. The last Olympics recorded an audience of 4.7 billion which is the equivalent of 70% of the world's population. In the U.S., the last Summer Games ranked as the most viewed TV event ever, with a total audience of 211 million and an average daily audience of 27 million people. Our aim with the partnership is to develop the Islands athletes into world achievers and to put them on the Olympic stage. We are proud to be associated with that vision and we are proud and excited that the team will be wearing the 8000inc clothes and brand all the way. This partnership, in providing support to the athletes, gives 8000inc the vehicle to create a world brand by 2012 and exposes 8000inc to a world-wide audience. Every subsidiary in the group knows and expects to share in this mass coverage which is why our new design and technology team has been working behind the scenes to ensure our products and presence is up to the task, visually, technically and in our products quality."
900,000k for me.
GFGU alerted yesterday finished 87% has news today also.
.17 NEWS 52wk_low.082c--52hi$3.2 O/S 99.84mil
GFGU News Feb 11, 2010 08:00 ET
Getfugu, Inc. Enters Agreement With Illusive Media Estimated to Generate $12 Million per Quarter of Recurring Revenue
WEST HOLLYWOOD, CA--(Marketwire - February 11, 2010) - Getfugu, Inc. (http://www.getfugu.com/) (OTCBB: GFGU), the next generation mobile search tool, announced today that it has entered into a strategic relationship with Illusive Media (http://www.illusivemedia.com/), the Emmy Award winning marketing and advertising firm, where Illusive Media will license on Getfugu's behalf a minimum of eight dedicated keywords to Illusive Media's clients at a negotiated rate of $500,000 per keyword per month.
Tre Zimmerman, Senior Vice President Corporate Development, pointed out that Illusive Media's deep reach into the music space will provide Getfugu with significant revenue earnings potential by linking Illusive's clients with the direct consumer utilizing Getfugu's mobile search engine technology.
Curtis Bowens, Illusive Media's co-founder, stated, "This strategic relationship with Getfugu is a win-win for Illusive, Getfugu, and Illusive's clients. Illusive knows quality as we have produced marketing and advertising campaigns which have resulted in Grammys awarded to Illusive and Emmys awarded to its clients and we believe Getfugu's technology is truly revolutionary. We are comfortable that licensing at least eight keywords to our clients is achievable within the first 45 days of our relationship with Getfugu."
Getfugu's "See It, Say It, Get It" mobile search tool is now available on iPhone, BlackBerry, Android, Google phone, and J2ME smartphones, representing nearly 2 billion users around the world. The Getfugu application is now available for free download at http://www.getfugu.com.
About Illusive Media
Illusive Media is an Award winning Marketing, Advertising, and Media Development organization and has a broad range of clients in the music, consumer products, and services industries which include Pepsi, Sony Records, Interscope Records, Columbia Records, Startrak Records, Jive Records, Keller Williams Realty, The Neptunes, The Clipse, Norfolk State University, Club Entourage, NNI Airport, and Playcloths.
For more information on Illusive Media, please visit our website at: www.illusivemedia.com.
About Getfugu
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths -- image, voice and location recognition -- into a single customizable application. Additionally, Getfugu offers the only mobile ecommerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
For more information on Getfugu, please visit our website at: www.Getfugu.com.
GFGU News Feb 11, 2010 08:00 ET
Getfugu, Inc. Enters Agreement With Illusive Media Estimated to Generate $12 Million per Quarter of Recurring Revenue
WEST HOLLYWOOD, CA--(Marketwire - February 11, 2010) - Getfugu, Inc. (http://www.getfugu.com/) (OTCBB: GFGU), the next generation mobile search tool, announced today that it has entered into a strategic relationship with Illusive Media (http://www.illusivemedia.com/), the Emmy Award winning marketing and advertising firm, where Illusive Media will license on Getfugu's behalf a minimum of eight dedicated keywords to Illusive Media's clients at a negotiated rate of $500,000 per keyword per month.
Tre Zimmerman, Senior Vice President Corporate Development, pointed out that Illusive Media's deep reach into the music space will provide Getfugu with significant revenue earnings potential by linking Illusive's clients with the direct consumer utilizing Getfugu's mobile search engine technology.
Curtis Bowens, Illusive Media's co-founder, stated, "This strategic relationship with Getfugu is a win-win for Illusive, Getfugu, and Illusive's clients. Illusive knows quality as we have produced marketing and advertising campaigns which have resulted in Grammys awarded to Illusive and Emmys awarded to its clients and we believe Getfugu's technology is truly revolutionary. We are comfortable that licensing at least eight keywords to our clients is achievable within the first 45 days of our relationship with Getfugu."
Getfugu's "See It, Say It, Get It" mobile search tool is now available on iPhone, BlackBerry, Android, Google phone, and J2ME smartphones, representing nearly 2 billion users around the world. The Getfugu application is now available for free download at http://www.getfugu.com.
About Illusive Media
Illusive Media is an Award winning Marketing, Advertising, and Media Development organization and has a broad range of clients in the music, consumer products, and services industries which include Pepsi, Sony Records, Interscope Records, Columbia Records, Startrak Records, Jive Records, Keller Williams Realty, The Neptunes, The Clipse, Norfolk State University, Club Entourage, NNI Airport, and Playcloths.
For more information on Illusive Media, please visit our website at: www.illusivemedia.com.
About Getfugu
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths -- image, voice and location recognition -- into a single customizable application. Additionally, Getfugu offers the only mobile ecommerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
For more information on Getfugu, please visit our website at: www.Getfugu.com.
GFGU News Feb 11, 2010 08:00 ET
Getfugu, Inc. Enters Agreement With Illusive Media Estimated to Generate $12 Million per Quarter of Recurring Revenue
WEST HOLLYWOOD, CA--(Marketwire - February 11, 2010) - Getfugu, Inc. (http://www.getfugu.com/) (OTCBB: GFGU), the next generation mobile search tool, announced today that it has entered into a strategic relationship with Illusive Media (http://www.illusivemedia.com/), the Emmy Award winning marketing and advertising firm, where Illusive Media will license on Getfugu's behalf a minimum of eight dedicated keywords to Illusive Media's clients at a negotiated rate of $500,000 per keyword per month.
Tre Zimmerman, Senior Vice President Corporate Development, pointed out that Illusive Media's deep reach into the music space will provide Getfugu with significant revenue earnings potential by linking Illusive's clients with the direct consumer utilizing Getfugu's mobile search engine technology.
Curtis Bowens, Illusive Media's co-founder, stated, "This strategic relationship with Getfugu is a win-win for Illusive, Getfugu, and Illusive's clients. Illusive knows quality as we have produced marketing and advertising campaigns which have resulted in Grammys awarded to Illusive and Emmys awarded to its clients and we believe Getfugu's technology is truly revolutionary. We are comfortable that licensing at least eight keywords to our clients is achievable within the first 45 days of our relationship with Getfugu."
Getfugu's "See It, Say It, Get It" mobile search tool is now available on iPhone, BlackBerry, Android, Google phone, and J2ME smartphones, representing nearly 2 billion users around the world. The Getfugu application is now available for free download at http://www.getfugu.com.
About Illusive Media
Illusive Media is an Award winning Marketing, Advertising, and Media Development organization and has a broad range of clients in the music, consumer products, and services industries which include Pepsi, Sony Records, Interscope Records, Columbia Records, Startrak Records, Jive Records, Keller Williams Realty, The Neptunes, The Clipse, Norfolk State University, Club Entourage, NNI Airport, and Playcloths.
For more information on Illusive Media, please visit our website at: www.illusivemedia.com.
About Getfugu
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths -- image, voice and location recognition -- into a single customizable application. Additionally, Getfugu offers the only mobile ecommerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
For more information on Getfugu, please visit our website at: www.Getfugu.com.
"GFGU News" Feb 11, 2010 08:00 ET
Getfugu, Inc. Enters Agreement With Illusive Media Estimated to Generate $12 Million per Quarter of Recurring Revenue
WEST HOLLYWOOD, CA--(Marketwire - February 11, 2010) - Getfugu, Inc. (http://www.getfugu.com/) (OTCBB: GFGU), the next generation mobile search tool, announced today that it has entered into a strategic relationship with Illusive Media (http://www.illusivemedia.com/), the Emmy Award winning marketing and advertising firm, where Illusive Media will license on Getfugu's behalf a minimum of eight dedicated keywords to Illusive Media's clients at a negotiated rate of $500,000 per keyword per month.
Tre Zimmerman, Senior Vice President Corporate Development, pointed out that Illusive Media's deep reach into the music space will provide Getfugu with significant revenue earnings potential by linking Illusive's clients with the direct consumer utilizing Getfugu's mobile search engine technology.
Curtis Bowens, Illusive Media's co-founder, stated, "This strategic relationship with Getfugu is a win-win for Illusive, Getfugu, and Illusive's clients. Illusive knows quality as we have produced marketing and advertising campaigns which have resulted in Grammys awarded to Illusive and Emmys awarded to its clients and we believe Getfugu's technology is truly revolutionary. We are comfortable that licensing at least eight keywords to our clients is achievable within the first 45 days of our relationship with Getfugu."
Getfugu's "See It, Say It, Get It" mobile search tool is now available on iPhone, BlackBerry, Android, Google phone, and J2ME smartphones, representing nearly 2 billion users around the world. The Getfugu application is now available for free download at http://www.getfugu.com.
About Illusive Media
Illusive Media is an Award winning Marketing, Advertising, and Media Development organization and has a broad range of clients in the music, consumer products, and services industries which include Pepsi, Sony Records, Interscope Records, Columbia Records, Startrak Records, Jive Records, Keller Williams Realty, The Neptunes, The Clipse, Norfolk State University, Club Entourage, NNI Airport, and Playcloths.
For more information on Illusive Media, please visit our website at: www.illusivemedia.com.
About Getfugu
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths -- image, voice and location recognition -- into a single customizable application. Additionally, Getfugu offers the only mobile ecommerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
For more information on Getfugu, please visit our website at: www.Getfugu.com.
"DKAM News" Drinks Americas Announces Joint Venture Production and Distribution Agreement with Mexcor International Wine and Spirits; Mexcor to Produce, Import and Distribute Drinks' Portfolio Brands Nationally.
Drinks will Continue to Own, Market and Expand Portfolio
WILTON, Conn., Feb. 11 /PRNewswire/ -- (http://www.myprgenie.com) -- Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM) (the "Company" or "Drinks"), a leading owner, developer and marketer of premium beverages associated with renowned celebrity icons, announced today it has signed a production and distribution agreement with Mexcor International Wine and Spirits, a producer, importer and distributor for hundreds of high quality brands nationally and internationally.
Mexcor has agreed to manage the production, importing and distribution of Drinks Americas portfolio of brands nationally. Drinks Americas will continue to focus its efforts on its core business of building a portfolio of iconic brands as well as developing, coordinating and executing marketing and promotional strategies for Drinks icon brands. Drinks anticipates that the Production and Distribution Agreement with Mexcor will rapidly drive additional revenues and substantially reduce overhead costs.
Under the terms of the agreement, the parties have agreed to a 15-year term. Drinks Americas will issue Mexcor up to 12 million shares of Drinks Americas Holdings common stock, and Mexcor will receive up to a 5% ownership interest in Drinks Americas portfolio brands, provided the parties deliver and attain certain minimum performance requirements. Mexcor has agreed to deliver five or more additional new brands to Drinks portfolio, which the companies plan to jointly acquire, develop and market.
Patrick Kenny, President and CEO of Drinks, stated, "Mexcor has available resources to support the production of Drinks brands which has been the primary barrier to Drinks' expansion. Our portfolio, added to their national sales platform, will be greatly strengthened. Drinks can now focus on what it has a key track record of success with, which is developing and launching icon brands. We are very excited about the resources, skills and instant impact Eduardo Morales and Mexcor bring to our future. We have already started filling substantial open orders. The agreement provides Drinks the resources to produce as much product as we can sell, as well as a national sales platform. Our sales team will be joining and become part of Mexcor. We are thrilled that this joint venture removes the impediments to Drinks' rapid expansion and growth in financial strength."
Eduardo Morales, President of Mexcor, said, "Drinks Americas' portfolio of brands and access to marketing of those brands is a great addition to our portfolio, as are the sales team and network of distributors that have built their brands. We look forward to rapidly expanding brands like Olifant Vodka, Old Whiskey River Bourbon, Trump Vodka and the balance of their portfolio, and working with Drinks Americas. The economics and strategic fit for this venture is favorable and impactful to both companies."
Patrick Kenny added, "Our overhead will shrink from more than $4 million historically to approximately $1.2 million annually. We are aggressively adjusting our business model to fit the economic realities of today with a model and partnership that will support rapid sales growth. In this new business model, we are assured a per case payment that will be paid on every case sold. Drinks retains ownership of the brands. Rather than having to face raising substantial equity in this market to grow both infrastructure and brands, we can focus our resources on generating brand volume with a consistent return. This is a complete revision of the Drinks business model that recognizes the challenges of today's financial and lending markets for small cap companies, and gives Drinks a clear path to resuming revenue growth and brand value creation. The orders that we are already fulfilling support this new business model. Drinks will move rapidly to profitability executing this plan."
About Mexcor International Wine and Spirits
Mexcor is a family owned corporation established in 1989. Mexcor is a direct source of excellent products from around the world, located in Houston, TX.
"DKAM News" Drinks Americas Announces Joint Venture Production and Distribution Agreement with Mexcor International Wine and Spirits; Mexcor to Produce, Import and Distribute Drinks' Portfolio Brands Nationally.
Drinks will Continue to Own, Market and Expand Portfolio
WILTON, Conn., Feb. 11 /PRNewswire/ -- (http://www.myprgenie.com) -- Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM) (the "Company" or "Drinks"), a leading owner, developer and marketer of premium beverages associated with renowned celebrity icons, announced today it has signed a production and distribution agreement with Mexcor International Wine and Spirits, a producer, importer and distributor for hundreds of high quality brands nationally and internationally.
Mexcor has agreed to manage the production, importing and distribution of Drinks Americas portfolio of brands nationally. Drinks Americas will continue to focus its efforts on its core business of building a portfolio of iconic brands as well as developing, coordinating and executing marketing and promotional strategies for Drinks icon brands. Drinks anticipates that the Production and Distribution Agreement with Mexcor will rapidly drive additional revenues and substantially reduce overhead costs.
Under the terms of the agreement, the parties have agreed to a 15-year term. Drinks Americas will issue Mexcor up to 12 million shares of Drinks Americas Holdings common stock, and Mexcor will receive up to a 5% ownership interest in Drinks Americas portfolio brands, provided the parties deliver and attain certain minimum performance requirements. Mexcor has agreed to deliver five or more additional new brands to Drinks portfolio, which the companies plan to jointly acquire, develop and market.
Patrick Kenny, President and CEO of Drinks, stated, "Mexcor has available resources to support the production of Drinks brands which has been the primary barrier to Drinks' expansion. Our portfolio, added to their national sales platform, will be greatly strengthened. Drinks can now focus on what it has a key track record of success with, which is developing and launching icon brands. We are very excited about the resources, skills and instant impact Eduardo Morales and Mexcor bring to our future. We have already started filling substantial open orders. The agreement provides Drinks the resources to produce as much product as we can sell, as well as a national sales platform. Our sales team will be joining and become part of Mexcor. We are thrilled that this joint venture removes the impediments to Drinks' rapid expansion and growth in financial strength."
Eduardo Morales, President of Mexcor, said, "Drinks Americas' portfolio of brands and access to marketing of those brands is a great addition to our portfolio, as are the sales team and network of distributors that have built their brands. We look forward to rapidly expanding brands like Olifant Vodka, Old Whiskey River Bourbon, Trump Vodka and the balance of their portfolio, and working with Drinks Americas. The economics and strategic fit for this venture is favorable and impactful to both companies."
Patrick Kenny added, "Our overhead will shrink from more than $4 million historically to approximately $1.2 million annually. We are aggressively adjusting our business model to fit the economic realities of today with a model and partnership that will support rapid sales growth. In this new business model, we are assured a per case payment that will be paid on every case sold. Drinks retains ownership of the brands. Rather than having to face raising substantial equity in this market to grow both infrastructure and brands, we can focus our resources on generating brand volume with a consistent return. This is a complete revision of the Drinks business model that recognizes the challenges of today's financial and lending markets for small cap companies, and gives Drinks a clear path to resuming revenue growth and brand value creation. The orders that we are already fulfilling support this new business model. Drinks will move rapidly to profitability executing this plan."
About Mexcor International Wine and Spirits
Mexcor is a family owned corporation established in 1989. Mexcor is a direct source of excellent products from around the world, located in Houston, TX.
"FLTT" Flint Telecom Group Announces Organizational Changes -- Reduces Operational Costs by 65%
HENDERSON, NV--(Marketwire - February 11, 2010) - Flint Telecom Group, Inc. (OTCBB: FLTT) announces a number of organizational changes to significantly reduce operating costs and deliver operational profitability as soon as possible. As a result of these organizational changes, FLTT will reduce corporate overhead costs by 65% and the company has ceased all non-profitable business activities.
Mr. Bill Burbank has resigned as the President, Chief Operating Officer and Director of the Company, effective February 4, 2010 to concentrate on running China Voice Holding Corp. as its Chairman and CEO. China Voice remains as one of FLTT's largest shareholders and unsecured note holder and Mr. Burbank has expressed China Voice's continued support for FLTT going forward.
Flint Telecom has closed its offices in Boca Raton, Florida and is moving its corporate headquarters to Nevada. As a result of this change Mr. John Iacovelli resigned as the Chief Technology Officer and Jose Ferrer resigned as the Vice President of Business Development of Flint Telecom Group, Inc. effective February 4, 2010.
In addition, Mr. Steve Keaveney has resigned as a Chief Financial Officer and Director of the Company and Tali Durant has resigned as Chief Legal Officer and Corporate Secretary to pursue other interests. Both Mr. Keaveney and Ms. Durant will remain in a consultative role with the Company on a part time basis. Mr. Vincent Browne, FLTT's Chief Executive Officer, will assume these roles for the foreseeable future, in addition to his own.
"Whereas these events are very disappointing for me personally, they are necessary to address the current financial challenges facing the Company. I wish Bill, Steve, Tali, John, Jose and the other people at our office in Boca the very best for the future and I thank them for their dedication and efforts in moving Flint forward during a very challenging 2009," Mr. Browne commented. "Following these changes in our operations, we continue to operate a number of key subsidiaries that are profitable in their own right and account for annualized revenues in excess of $26 million."
"While these actions bring us to the threshold of profitability and a sustainable business going forward, we still face a number of challenges due to our large debt and limited operating capital. We continue to work with our debt holders to restructure our balance sheet and will issue updates on our progress with this in due course," Mr. Browne concluded.
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. ("FLTT") is a U.S. holding company headquartered in Nevada. Through its subsidiaries the Company provides an extensive portfolio of next generation IP communication solutions which include hosted digital phone, voice and data termination, wireless, advanced broadband and prepaid calling card products. The Company was founded by telecom and technology entrepreneurs with a proven track record in building global technology companies. Flint Telecom has grown both organically and through corporate M&A and is traded on the OTC Bulletin Board (OTCBB) under the symbol FLTT.OB.
Additional information may be found at www.FlintTel.com.
Flint Telecom Group Announces Organizational Changes -- Reduces Operational Costs by 65%
HENDERSON, NV--(Marketwire - February 11, 2010) - Flint Telecom Group, Inc. (OTCBB: FLTT) announces a number of organizational changes to significantly reduce operating costs and deliver operational profitability as soon as possible. As a result of these organizational changes, FLTT will reduce corporate overhead costs by 65% and the company has ceased all non-profitable business activities.
Mr. Bill Burbank has resigned as the President, Chief Operating Officer and Director of the Company, effective February 4, 2010 to concentrate on running China Voice Holding Corp. as its Chairman and CEO. China Voice remains as one of FLTT's largest shareholders and unsecured note holder and Mr. Burbank has expressed China Voice's continued support for FLTT going forward.
Flint Telecom has closed its offices in Boca Raton, Florida and is moving its corporate headquarters to Nevada. As a result of this change Mr. John Iacovelli resigned as the Chief Technology Officer and Jose Ferrer resigned as the Vice President of Business Development of Flint Telecom Group, Inc. effective February 4, 2010.
In addition, Mr. Steve Keaveney has resigned as a Chief Financial Officer and Director of the Company and Tali Durant has resigned as Chief Legal Officer and Corporate Secretary to pursue other interests. Both Mr. Keaveney and Ms. Durant will remain in a consultative role with the Company on a part time basis. Mr. Vincent Browne, FLTT's Chief Executive Officer, will assume these roles for the foreseeable future, in addition to his own.
"Whereas these events are very disappointing for me personally, they are necessary to address the current financial challenges facing the Company. I wish Bill, Steve, Tali, John, Jose and the other people at our office in Boca the very best for the future and I thank them for their dedication and efforts in moving Flint forward during a very challenging 2009," Mr. Browne commented. "Following these changes in our operations, we continue to operate a number of key subsidiaries that are profitable in their own right and account for annualized revenues in excess of $26 million."
"While these actions bring us to the threshold of profitability and a sustainable business going forward, we still face a number of challenges due to our large debt and limited operating capital. We continue to work with our debt holders to restructure our balance sheet and will issue updates on our progress with this in due course," Mr. Browne concluded.
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. ("FLTT") is a U.S. holding company headquartered in Nevada. Through its subsidiaries the Company provides an extensive portfolio of next generation IP communication solutions which include hosted digital phone, voice and data termination, wireless, advanced broadband and prepaid calling card products. The Company was founded by telecom and technology entrepreneurs with a proven track record in building global technology companies. Flint Telecom has grown both organically and through corporate M&A and is traded on the OTC Bulletin Board (OTCBB) under the symbol FLTT.OB.
Additional information may be found at www.FlintTel.com.
"FTER News" Forterus Inc. Announces an Update on Its 2010 Expansion Plans
MURRIETA, Calif., Feb. 10 /PRNewswire-FirstCall/ -- Forterus Inc. (Pink Sheets: FTER) today announced an update on its expansion efforts for 2010.
San Diego, California
In January 2010, the Company executed a management contract for a 36-bed facility in San Diego, and in less than two weeks achieved approximately 50% occupancy at this facility.
Ventura County, California
The Company's hearing for its conditional use permit for its planned facility in Ventura County is to be held on February 11, 2010. The facility is expected to have 22 beds upon issuance of the conditional use permit. Upon receiving conditional use permit from the County, the Company will submit its paperwork with the State of California to license this specific facility. This process is expected to take 6 to 8 months from the date the paperwork is submitted. The Company is forecasting that within 9 months the facility should be fully operating and accepting insurance clients.
Los Angeles County, California
In December 2009, the Company opened an assessment office in Pasadena, Calif., is currently in the process of licensing the office with State of California for Outpatient Services.
Orange County, California
The company is currently exploring the possibility of opening an assessment and outpatient office in Costa Mesa, Calif. As part of these expansion plans, the Company closed its Dana Point offices and allocated the resources from Dana Point to San Diego and Temecula.
About Forterus, Inc.
Forterus Inc. and its subsidiaries engage in diverse business activities, including drug and alcohol rehabilitation, and finance. For more information about Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com and http://www.abttc.com.
"FTER News" Forterus Inc. Announces an Update on Its 2010 Expansion Plans
MURRIETA, Calif., Feb. 10 /PRNewswire-FirstCall/ -- Forterus Inc. (Pink Sheets: FTER) today announced an update on its expansion efforts for 2010.
San Diego, California
In January 2010, the Company executed a management contract for a 36-bed facility in San Diego, and in less than two weeks achieved approximately 50% occupancy at this facility.
Ventura County, California
The Company's hearing for its conditional use permit for its planned facility in Ventura County is to be held on February 11, 2010. The facility is expected to have 22 beds upon issuance of the conditional use permit. Upon receiving conditional use permit from the County, the Company will submit its paperwork with the State of California to license this specific facility. This process is expected to take 6 to 8 months from the date the paperwork is submitted. The Company is forecasting that within 9 months the facility should be fully operating and accepting insurance clients.
Los Angeles County, California
In December 2009, the Company opened an assessment office in Pasadena, Calif., is currently in the process of licensing the office with State of California for Outpatient Services.
Orange County, California
The company is currently exploring the possibility of opening an assessment and outpatient office in Costa Mesa, Calif. As part of these expansion plans, the Company closed its Dana Point offices and allocated the resources from Dana Point to San Diego and Temecula.
About Forterus, Inc.
Forterus Inc. and its subsidiaries engage in diverse business activities, including drug and alcohol rehabilitation, and finance. For more information about Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com and http://www.abttc.com.
"News" Caleco Pharma Corp.
OTC Bulletin Board: CAEH
FRANKFURT: T3R
Caleco Pharma Corp.
Feb 10, 2010 16:15 ET
Caleco Pharma Corp. Announces Entry Into Share Purchase Agreement With Natac Biotech S.L.
BELLINGHAM, WASHINGTON--(Marketwire - Feb. 10, 2010) - Caleco Pharma Corp. (the "Company") (OTCBB:CAEH)(FRANKFURT:T3R)(WKN:A0N9Y0) (www.calecopharmacorp.com) is pleased to announce that it has entered into a share purchase agreement (the "Share Purchase Agreement") with Natac Biotech S.L. ("Natac"), a Spanish biotechnology corporation engaged in the research and development of health related products, and the principal stockholders of Natac (the "Principal Stockholders"). Under the terms of the Share Purchase Agreement, the Company has agreed to acquire eighteen percent (18%) of the share capital of Natac from the Principal Stockholders (the "Natac Shares"). In consideration of the Natac Shares, the Company has agreed to issue an aggregate of 4,300,000 shares of its common stock to the Principal Stockholders.
The closing of the Share Purchase Agreement is expected to occur on or before March 19, 2010 and is subject to a number of customary conditions, including:
(a) the closing of a research and licensing agreement whereby the Company will acquire an exclusive license to certain probiotic strains for the countries located in North and South America;
(b) the closing of an exclusive licensing agreement whereby the Company will acquire an exclusive license to certain health related products for the countries located in North and South America; and
(c) the closing of a lab facilities and services agreement whereby Natac shall provide certain services and laboratory access to the Company.
Following closing of the Share Purchase Agreement, Natac has agreed to appoint a nominee of the Company to the Board of Directors of Natac. In addition, the Company has also agreed to appoint a nominee of Natac to its Board of Directors.
About Natac Biotech S.L.
Natac is a start-up Spanish biotechnology corporation engaged in the research and development of health related products. Natac has recently formed a strategic alliance with the Universidad Autónoma de Madrid in order to enhance its research and development of health related products. The strategic alliance will be carried out through a spin off into a separate Spanish corporation called "Natac Research S.L.", of which Natac owns forty-seven percent (47%) of the share capital, the University owns six percent (6%) of the share capital and various professors and lecturers of the University own the balance of the issued share capital. Through Natac Research S.L., Natac will have access to the over 1,200 square meters of laboratory facilities and a pilot plant with advanced scientific equipment in order to conduct its research and development of various health related products.
About Caleco Pharma Corp.
The Company is focused on the ongoing research and development of its broad pipeline of over-the-counter and prescription medications including its proprietary "Liver Health Formula" technology designed to treat moderate to severe liver maladies, including Hepatitis C viral infection. In addition the Company is developing food supplements and over-the-counter dermatological products based on the active ingredients found in the Liver Health Formula. To date, the Company's intellectual property covering the Liver Health Formula comprises of patent applications in the United States, Europe and Canada and four European Drug Master File applications.
Caleco Pharma Corp. shares are traded in the United States on the OTC Bulletin Board (OTCBB:CAEH) and in Germany on the Frankfurt Stock Exchange (WKN:A0N9Y0/Symbol:T3R.FSE).
This press release may contain, in addition to historic information, forward-looking statements. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, there are no assurances that: (i) the Company will be able to complete its acquisition of the Natac Shares; or (ii) the Company will be able to acquire an exclusive license to certain probiotics or health related products. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.
For more information, please contact
Caleco Pharma Corp.
John Boschert
(360) 306-1133
www.calecopharmacorp.com
or
BlueWater Advisory Group - Investor Relations
Bryan Crane
Managing Director
805-426-5090
info@calecopharmacorp.com
"News" BakBone Software Generates Revenue Growth and Continued
SAN DIEGO, Feb. 10 /PRNewswire-FirstCall/ -- BakBone Software, Incorporated (OTC Bulletin Board: BKBO), a leading provider of Universal Data Management solutions, today announced its financial results for the third quarter of fiscal 2010, ended December 31, 2009.
Third Quarter Fiscal 2010 financial and operational highlights include
-- GAAP Revenues $15.2 million
-- Operating Income $0.8 million
-- Net Income $0.6 million
-- Net Income per Share $0.01
-- Total Bookings $15.3 million
"Our third fiscal quarter results demonstrate the success of our focus on managing the business for profitability, while we continue to make investments in ColdSpark and other growth opportunities," said Jim Johnson, president and CEO, BakBone. "We reported a six percent increase in revenue in the recent third fiscal quarter compared with the same quarter last year and generated a profit of $0.6 million. Our bookings and GAAP revenues reflected strength in Europe and Asia, as well as strong maintenance contract renewals from existing customers across geographies."
"The improvement to positive operating income compared with a loss the prior year reflected significantly reduced operating expenses overall. We continued to make strategic investments in R&D and sales, and marketing initiatives that should further position BakBone as a leader in the enterprise messaging and infrastructure space, as well as in its core backup and recovery business," continued Mr. Johnson.
In mid-October, the Company introduced the newest version of its flagship product NetVault®: Backup and new disk-based backup and deduplication options with NetVault: SmartDisk. NetVault: SmartDisk is based on BakBone's Open Data Protection Platform, which offers more affordable, long-term disk-based storage to customers with additional features such as data deduplication. "Our new NetVault: Backup and NetVault: SmartDisk product offerings have been well received in the market and we are delivering this new version to our client base around the world," commented Mr. Johnson.
During the quarter, ColdSpark introduced a new managed services offering for e-mail management and delivery that will help customers reduce the costs and complexity of managing e-mail infrastructures. This, along with the new versions of the ColdSpark SparkEngine™, Compliance Catalyst and MailFusion that were launched in October, is targeted at ColdSpark's key markets including financial services, healthcare and other regulated industries.
"ColdSpark expanded its footprint with a well-known global financial services company in the third quarter. We continue to focus on expanding our presence with global healthcare companies. We believe we are making good progress in our pursuit of new accounts, and as we've stated previously, the e-mail management and infrastructure business has a relatively long selling cycle and is characterized by large orders and unpredictable timing. As a result of anticipated lower near-term bookings from ColdSpark and slowness in the new license bookings for backup and recovery products in North America, we have revised our guidance for expected consolidated bookings in fiscal 2010 to $56.5 to $57.5 million.
"We remain very optimistic about the opportunities for ColdSpark and for backup and recovery and are working aggressively to grow these businesses. We are committed to sustained profitability, while we invest the necessary resources to maintain our technological lead and drive a more efficient, productive sales and marketing effort. We are focused on execution and believe that our success will generate increased revenue and profitability and enhanced valuation for BakBone shareholders," concluded Mr. Johnson.
Financial Results
Total revenue grew six percent to $15.2 million in the third quarter of fiscal 2010 from $14.3 million in the third quarter of fiscal 2009. Operating income totaled $0.8 million for the third quarter ended December 31, 2009, compared with an operating loss of $1.1 million in the third quarter of the prior fiscal year. The increase in operating income in the third quarter ended December 31, 2009, was the result of higher revenue and a significant reduction in general and administrative costs primarily associated with accounting and auditing fees incurred in the prior fiscal year.
The Company reported net income of $0.6 million, or $0.01 per share, in the third quarter compared with net income of $0.6 million, or $0.01 per share, in the third quarter last year.
For the nine months ended December 31, 2009, revenue grew 13% to $47.1 million compared with $41.6 million through the nine months ended December 31, 2008. Net income for the recent nine-month period totaled $2.4 million, or $0.02 per diluted share, compared with a net loss of $4.6 million for the comparable period in the prior year, or $(0.07) per share.
Total cash at December 31, 2009, totaled $5.7 million.
Conference Call Information
The Company has scheduled a conference call for today, February 10, 2010, at 2:00 p.m. PT to discuss the results for the quarter ended December 31, 2009. The call will be hosted by Jim Johnson, CEO of BakBone, and Steve Martin, CFO of BakBone.
To access the conference call, please dial 800-854-3238; internationally, dial 706-634-9547 (Passcode: 52847729. This call will also be webcast and can be accessed at www.bakbone.com by clicking on "Company Info" and then "Investor Relations." The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.
About BakBone Software
BakBone Software is a leader in Universal Data Management. This provides a data-centric approach to integrating data protection, centralizing policy management and managing organizations' messaging infrastructure to optimize performance, increase data availability and improve corporate compliance. Learn more about BakBone's Universal Data Management vision at www.bakbone.com or e-mail info@bakbone.com.
Safe Harbor
This press release contains express and/or implied forward-looking statements including, without limitation, statements regarding anticipated revenues, operating results, bookings and market developments that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause BakBone's results to differ materially from historical results, or those expressed or implied by such forward-looking statements. The potential risks and uncertainties may include, but are not limited to: risks that the anticipated benefits of the Coldspark acquisition will not be achieved; risks that the ongoing weak economic and market conditions, particularly in North America, could continue to lead to reduced spending on information technology products; competition in our target markets; potential capital needs; management of future growth and expansion; the development, implementation and execution of the Company's Universal Data Management strategic vision; risk of third-party claims of infringement; protection of proprietary information; customer acceptance of the Company's existing and newly introduced products and fee structures; the success of the Company's brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel; and risks associated with changes in domestic and international market conditions and the entry into and development of international markets for the Company's products. Our forward-looking statements should be considered in the context of these and other risk factors disclosed in our most recent report filed with the Securities and Exchange Commission, which may be found at www.sec.gov, as well as those risk factors disclosed in our current report filed with the relevant Canadian securities regulators, which is available on SEDAR at www.sedar.com. All future written and oral forward-looking statements made by us or on our behalf are also subject to these factors. BakBone assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made, other than as required under applicable securities laws.
BakBone®, BakBone Software®, NetVault®, Application Plugin Module™, BakBone logo®, Integrated Data Protection™, NetVault: SmartDisk™, Asempra®, FASTRecover™, ColdSpark® and SparkEngine™ are all trademarks or registered trademarks of BakBone Software, Inc., in the United States and/or in other countries. All other brands, products or service names are or may be trademarks, registered trademarks or service marks of, and used to identify, products or services of their respective owners.
Investor Contact:
Corporate Contact:
Media Contact:
Doug Sherk / Jenifer Kirtland
Steve Martin
Amber Winans
415-896-6820
858-795-7525
858-795-7584
jkirtland@evcgroup.com
IR@bakbone.com
amber.winans@bakbone.com
(Logo: http://www.newscom.com/cgi-bin/prnh/20031120/SDBAKLOGO)
BAKBONE SOFTWARE INCORPORATED
Condensed Consolidated Balance Sheets
(in thousands)
Fiscal Period Ended
-------------------
(unaudited)
December 31, 2009 March 31, 2009
ASSETS
Current assets:
Cash and cash equivalents $5,660 $8,398
Restricted cash 51 264
Accounts receivable, net 9,847 9,646
Prepaid expenses and other assets 1,409 1,159
----- -----
Total current assets 16,967 19,467
Property and equipment, net 2,250 2,713
Intangible assets, net 7,798 824
Trademarks 400 -
Goodwill 14,007 7,615
Other assets 957 939
--- ---
Total assets $42,379 $31,558
======= =======
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accrued liabilities $8,778 $9,603
Current portion of acquisition
consideration payable 2,279 -
Current portion of deferred revenue 44,482 44,081
------ ------
Total current liabilities 55,539 53,684
Deferred revenue, excluding current portion 46,719 47,684
Acquisition consideration payable, excluding
current portion 4,452 -
Other liabilities 834 1,337
--- -----
Total liabilities 107,544 102,705
------- -------
Shareholders’ deficit (65,165) (71,147)
------- -------
Total liabilities and shareholders’ deficit $42,379 $31,558
======= =======
BAKBONE SOFTWARE INCORPORATED
Condensed Consolidated Statements of Operations
(in thousands)
(unaudited)
Three months ended Nine months ended
December 31, December 31,
2009 2008 2009 2008
---- ---- ---- ----
Restated(1) Restated(1)
----------- -----------
Revenues:
License and service $15,199 $14,348 $45,619 $41,606
Other - - 1,500 -
--- --- ----- ---
Total revenues 15,199 14,348 47,119 41,606
Cost of revenues 1,660 1,818 4,874 5,466
----- ----- ----- -----
Gross profit 13,539 12,530 42,245 36,140
------ ------ ------ ------
Operating expenses:
Sales and marketing 6,841 6,483 20,015 20,784
Research and development 3,292 2,780 9,685 8,804
General and administrative 2,614 4,366 9,734 12,350
----- ----- ----- ------
Total operating expenses 12,747 13,629 39,434 41,938
------ ------ ------ ------
Operating income (loss) 792 (1,099) 2,811 (5,798)
Other non-operating (expense) income (414) 1,837 (549) 1,477
----- ----- ----- -----
Income (loss) before income taxes 378 738 2,262 (4,321)
(Benefit from) provision for income
taxes (231) 100 (169) 247
----- --- ----- ---
Net income (loss) $609 $638 $2,431 $(4,568)
==== ==== ====== =======
Net income (loss) per common share:
Basic $0.01 $0.01 $0.03 $(0.07)
===== ===== ===== ======
Diluted $0.01 $0.01 $0.02 $(0.07)
===== ===== ===== ======
Weighted-average common shares
outstanding:
Basic 86,644 64,610 83,368 64,616
====== ====== ====== ======
Diluted 104,690 82,647 101,488 64,616
======= ====== ======= ======
(1) As discussed in the Company's Annual Report on Form 10-K for the year
ended March 31, 2009, the Company restated its consolidated financial
statements for each of the first three quarters in fiscal 2009, in
accordance with Staff Accounting Bulletin No. 108, Considering the Effect
of Prior Year Misstatements When Quantifying Misstatements in the Current
Year Financial Statements, to correct errors in such consolidated
financial statements that would have had a material effect on the
financial statements for the three and twelve months ended March 31, 2009
if not corrected. The Company does not believe that these adjustments are
material to any of the restated periods.
BAKBONE SOFTWARE INCORPORATED
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
Nine months ended December 31,
2009 2008
Restated(1)
----------- -----------
Cash flows from operating activities:
Net income (loss) $2,431 $(4,568)
Adjustments to reconcile net income (loss)
to net cash used in operating activities:
Depreciation and amortization 1,868 1,274
Non-cash interest expense 474 -
Operating expenses funded by financing
arrangement 267 59
Provision for bad debt 173 -
Stock-based compensation 29 229
Loss on disposal of capital assets 9 19
Other changes in assets and liabilities (6,928) 2,576
------- -----
Net cash used in operating activities (1,677) (411)
------- ----
Cash flows from investing activities:
Cash paid for acquisitions, net of cash
received (1,014) -
Capital expenditures (256) (946)
Release of restricted cash 325 227
--- ---
Net cash used in investing activities (945) (719)
----- ----
Cash flows from financing activities:
Payments on capital lease obligations (227) (186)
Payments on long-term debt obligations (437) (419)
----- ----
Net cash used in financing activities (664) (605)
----- ----
Effect of exchange rates on cash and cash
equivalents 548 (257)
--- ----
Net decrease in cash and cash equivalents (2,738) (1,992)
Cash and cash equivalents, beginning of period 8,398 9,496
----- -----
Cash and cash equivalents, end of period $5,660 $7,504
====== ======
BAKBONE SOFTWARE INCORPORATED
Reconciliation of Bookings to U.S. GAAP Revenue (2)
(unaudited, in thousands)
Three months ended Nine months ended
December 31, December 31,
2009 2008 2009 2008
---- ---- ---- ----
Revenues sourced from current
period bookings:
Total bookings for the period $15,265 $15,541 $42,395 $43,844
Bookings deferred into
subsequent periods (14,333) (14,273) (32,604) (35,466)
------ ------ ------ ------
Revenues from current period
bookings 932 1,268 9,791 8,378
Revenues sourced from prior period
bookings: 14,267 13,080 37,328 33,228
Total revenues recognized in the
period $15,199 $14,348 $47,119 $41,606
======= ======= ======= =======
(2) We define bookings as the gross dollars invoiced through the sale of
software licenses, maintenance contracts and professional services. We
utilize bookings information as an operations measure, but it is not
intended to replace U.S. GAAP accounting. Under the ratable revenue
recognition method, license bookings are recognized as revenue over the
appropriate period (generally three to five years). In general, variations
in revenues period-over-period are affected by the amortization of current
and prior period license bookings. Accordingly, we believe that trends in
current and historical bookings are key factors in analyzing our
operating results.
SOURCE BakBone Software, Incorporated
RELATED LINKS
http://www.bakbone.com
"News" Money4Gold Holdings Increases Q4 Expectations
FORT LAUDERDALE, Fla., Feb. 10 /PRNewswire-FirstCall/ -- Money4Gold Holdings, Inc. (OTC Bulletin Board: MFGD), an emerging global leader in direct-from-consumer, reverse logistics specializing in the procurement and liquidation of precious metals, today updated its Nov. 16, 2009 fourth quarter revenue guidance to be at least $19.0 million from its previous estimate of $13.5 million. The new revenue guidance is a sequential increase of 183 percent from the company's record revenue of $6.8 million in the third quarter ended Sept. 30, 2009.
Driving the better-than-expected Q4 revenue growth were customers' increasing acceptance of the company's advertising, increased penetration into international markets and, to a modest degree, higher precious metals prices.
Money4Gold expects gross margins to be consistent with reported gross margins in the third quarter. In addition, the company expects to report its first profitable quarter in its fourth quarter earnings press release.
"We are pleased that our company continued to grow in the U.S. and abroad," said Doug Feirstein, Money4Gold's chief executive officer. "We are especially proud of producing approximately $1.0 million in net income during 2009's fourth quarter."
The company will report its fourth quarter and year-end 2009 financial results on or before March 31, 2010.
About Money4Gold Holdings, Inc.
Money4Gold is a direct-from-consumer reverse logistics company specializing in the procurement of precious metals. The company utilizes direct-to-consumer advertising to solicit individuals interested in liquidating unwanted items. Through its global platform the company facilitates an end-to-end consumer solution, from acquisition through liquidation. With Money4Gold's consumer websites, including: www.sobredeoro.com, www.Dollars4Gold.ca, www.MyGoldEnvelope.com, www.money4golduk.com, and www.eurofuergold.de, the company strives to provide the most convenient, efficient and secure method for individuals to liquidate and recycle items containing precious metals. For more corporate information, please visit www.Money4Gold.com.
Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including our expectations regarding fourth quarter revenues, gross margins, and net income. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include changes that may occur as a result of the completion of the company audit for the year ended December 31, 2009.
Further information on the company's risk factors is contained in our filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2008. Any forward-looking statement made by the company in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
SOURCE Money4Gold Holdings, Inc.
RELATED LINKS
http://www.Money4Gold.com
"News" Major milestone achieved by our joint venture in China
DENVER, CO, Feb. 10 /PRNewswire-FirstCall/ - Medical International Technology Inc. (MDLH.OB) www.mitneedlefree.com (MIT) is pleased to announce that its Chinese Joint Venture has achieved a major milestone and received the production certification to produce Med-Jet products in China.
MIT China's production facilities were the subject of a recent visit by the SFDA. These facilities were deemed suitable for medical device manufacturing, including the production of disposable accessories, by the SFDA and have therefore been granted a production certification.
Clinical trials of Med-Jet models MIT-MBX and MIT-H-III are set to begin in the near future. The obtainment of the production certification for human products together with the results from the clinical trials will represent an essential stepping-stone toward the ultimate goal of obtaining a licence to sell our Med-Jet injectors in China.
Projected Sales and Market Breakdown
On February 6th 2010 we announced in our Corporate Update that the company firmly believes it will grow revenues well past US$ 75,000,000 annually within the next three years. The following information will outline market expectations by category and timeframe:
Human applications:
Our initial target market for the first year is cosmetic Dermatology, Plastic surgery, and General Practitioner for single and mass injections, using Med-Jet models MIT MBX and MIT-H-III. The second year, in addition to the previous models, the introduction of model MIT-H-IV-1 and MIT-H-IV-5 will target private clinics and hospitals. During the third year, the injector for Diabetics, MIT P-I, and the Dental injector, MIT-H-VI, will be introduced and will drastically increase sales to achieve and exceed its forecasted US$ 55,000,000.
Animal applications:
Our initial target market for the first year is the pork, cattle, and poultry markets, using our existing and newly redesigned products for mass animal vaccination. The second year in addition to the previous models, MIT will introduce and market its day-old baby chicken injector, a highly-requested product by farmers around the world. During the third year, MIT will present 2 more new products expected to drastically increase sales to achieve and exceed its forecasted US$ 20,000,000.
Medical International Technology Inc. is proud to continue providing a safe and effective means to help prevent the spread of deadly diseases to both humans and animals through the use of the Med-Jet(R) and Agro-Jet(R) needle-free injection system.
About Medical International Technology, Inc. MIT CANADA, with offices in Montreal, is a subsidiary of Denver, Colorado-based Medical International Technology, Inc. (MIT USA), which specializes in the development, production, marketing and sale of needle-free injectors both for humans and animals, for individuals and mass vaccinations.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing a technological changes, the effect of economic conditions and other uncertainties, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Medical International Technology Inc. takes no obligation to update or correct forward-looking statements.
SOURCE MEDICAL INTERNATIONAL TECHNOLOGIES INC.
SteveTS,
Sorry I'm not a share holder of SNVP. I just posted the PR to share it just in case someone was interested. GLTY on this stock.
-bimmerM5-
GFGU @ .16 up 100% still upticking ask @ .164.