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IAUS (.74) Late run, finished up .12 at HOD. Had news Tuesday.
Press Release Source: International Automated Systems, Inc.
Solar Power Breakthrough: IAUS Hits Milestone Previously Thought to Be Impossible
Tuesday February 13, 11:35 am ET
SALEM, Utah--(BUSINESS WIRE)--International Automated Systems, Inc. (OTCBB: IAUS - News) announced today that it has successfully finished its first high-volume run of its new breakthrough solar panels. Nearly 1,000 Kilowatts of IAUS's solar panels were manufactured in a short 24-hour run. On a 24/7 operating schedule, an estimated 350 Megawatts of IAUS panels can be produced annually. In comparison, a traditional photovoltaic (PV) solar module manufacturing plant with a yearly capacity equal to IAUS would cost an estimated $840 Million to construct.
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IAUS's unique thin-film solar lens can be produced at a fraction of the cost of today's traditional photovoltaic solar panels. IAUS believes its new product is the first solar power technology with legitimate potential to compete with gas and other fossil fuels in the immediate future. Low-cost energy produced by IAUS's new patented and patent-pending solar technology can be used to generate electricity or produce clean fuels such as hydrogen and green methanol (gasoline replacements) at a competitive price. Many experts had predicted that no solar power technology would likely accomplish this milestone before the year 2025.
IAUS plans to quickly expand its annual solar panel production capacity this year to 1 Gigawatt, which is enough to supply an estimated $2 Billion in sales per year.
"The discovery of economical solar energy is more valuable than oil," said Neldon Johnson, President and CEO of International Automated Systems, Inc. "The sun's energy is free, clean and virtually unlimited. IAUS's new solar technology is a discovery of historic proportions that we hope will revolutionize energy production throughout the world."
The world energy market is $3 trillion dollars per year. This $3 trillion does not represent nearly 30% of the world that exists without electricity.
About International Automated Systems, Inc. (www.iaus.com; IAUS:OB)
Founded in 1988, International Automated Systems, Inc., develops high-technology products for diverse markets such as energy production, wireless communications, consumer purchasing and financial transactions. The company, founded by a former AT&T communications engineer, is based in Salem, Utah.
Note: Statements contained in this release that are not strictly historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are made based upon information available to the company at the time, and the company assumes no obligation to update or revise such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, demand for the company's product both domestically and abroad, the company's ability to continue to develop its market, general economic conditions, and other factors that may be more fully described in the company's literature and periodic filings with the Securities and Exchange Commission.
Contact:
International Automated Systems, Inc., Salem
Neldon Johnson, 801-423-8132
contact@iaus.com
--------------------------------------------------------------------------------
Source: International Automated Systems, Inc.
TSSP (.0023) Up 53% ... HOD .0024.
IPEI (.045) Press Release Source: CapitalPros Network; Imperia Entertainment, Inc.
CapitalPros Network to Feature Imperia Entertainment, Inc. in MicroCap Magazine
Thursday February 15, 1:04 pm ET
NASHVILLE, Tenn., Feb. 15, 2007 (PRIME NEWSWIRE) -- Jonathan Pappie announced that CapitalPros Network will feature Imperia Entertainment (Other OTC:IPEI.PK - News) in MicroCap Magazine, a hard copy publication, and at its new Equity Press International website, http://www.microcapmagazine.com. The company's achievements, plans and profile will be featured in an exclusive article and additional commentary that will be focusing on the new issuer markets. MicroCap Magazine will also feature commentary by Mr. Pappie and highly credentialed personnel who have served at regulatory advisory positions. The publication plans to target 45,000 institutions, primarily Broker Dealers and Hedge Funds, in 2 separate shipments.
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Imperia Entertainment, Inc. is a diversified entertainment production company, primarily focused on investing in and producing highly original television series and producing and distributing full-length feature independent films. The company plans to generate revenues in other media such as videocassettes, DVD and television.
Imperia International Distribution, Inc., which has formed a strategic relationship with Regal Theater Group, the largest motion picture exhibitor in the United States, with 6,000 screens in their Regal, United Artists and Edwards Theaters. In Imperia's relationship with Regal, it splits revenues pursuant to the same 50-50 arrangement theaters have with most traditional distributors.
About CPN
CPN does not promote or endorse any particular stocks or any company. CPN only releases company approved text and content through multi media portals. This press release contains forward-looking statements, which are made pursuant to the Safe Harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties that could cause actual results to be materially different. Factors include, but are not limited to, available funding, market acceptance, competition, recruitment and retention of personnel, dependence on key personnel and certain risks associated with the projects in which the Company is engaged to complete and others. The forward-looking statements should be considered in light of these risks and uncertainties. The Company disavows any obligation to update or correct any of its forward-looking statements.
CPN was compensated $100,000 US in common stock and cash to provide for a moderate 90 day media campaign. Any statements made by CPN regarding the firm are statements of interest and are not to be construed as investment advice. CPN follows an orderly liquidation of compensation in order to provide for its administrative costs in providing market coverage over the period of its hire. Further information about CPN can be found at http://www.capitalpros.com.
Contact:
CapitalPros Network
Jonathan Pappie
(615) 230-6306
jpappie@capitalpros.com
www.capitalpros.com
--------------------------------------------------------------------------------
Source: CapitalPros Network; Imperia Entertainment, Inc.
http://www.pinksheets.com/quote/chart.jsp?symbol=ipei
TSSP (.0023) Looking Good!!
WNYN (.015) Shake after yesterday .. expect to climb again from here.
MENV (.06) ... Press Release Source: Micron Enviro Systems, Inc.
Positive Drilling and Seismic Results Achieved on Oil Sands Prospect
Thursday February 15, 3:00 am ET
MENV-OTCBB USA NDDA-Frankfurt Stock Exchange Symbol A0J3PY-WKN # Frankfurt Stock Exchange
VANCOUVER, Feb. 15 /PRNewswire-FirstCall/ - Micron Enviro Systems, Inc. (OTCBB: MENV - News; Frankfurt Stock Exchange: NDDA - WKN:A0J3PY - ISIN: US59510E2072) ("Micron") is extremely pleased to announce that Micron has been notified by the operator that, "Interpretation of the seismic data, core hole data and log data has confirmed our initial evaluation of the data on the Leismer Prospect. With further drilling there may be more than one potential SAGD oil sand pod on the property. Based on our oil sands model it appears that the formation is similar to the Petrobank channel directly to the SE of our property. Based on this data, the thickness of the McMurray Oil Sands Formation could be 22 metres (72 feet)." A more intense work program is now being formulated with the ultimate goal of going into production on this prospect in the near future. This prospect lies directly between Petrobank and North American Oil Sands. Petrobank has stated a potential resource of 1.6 billion barrels and North American Oil Sands with a stated 4.09 billion potential barrels in ground.
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Bernard McDougall, Micron's president stated, "This is very significant news for Micron. Based on this data management is very optimistic that this Oil Sands prospect could ultimately be put into production or even be sold to a larger company. It is extremely exciting for a company of Micron's minimal market capitalization to potentially have production from the Oil Sands. When you couple this great news with the fact that Micron has increased its net Oil Sands acreage by approximately 45 times over the past six weeks, management feels that the company's growth may not be reflected in the current share price. At this time, Micron is one of, if not the smallest, market capitalized company with multiple leases (seven) and now has positive operations underway in this world-class oil and gas producing region. This is quite an enviable position for a company of Micron's modest market capitalization, and therefore Micron offers tremendous leverage to one of the world's largest oil resources. Some junior companies such as Canwest Petroleum, now BQI on the AMEX (went from under $0.10 to over $8.90 based primarily on oil sands assets) have achieved tremendous growth via the Oil Sands. A recent third party independent report stated that there is potentially $3.7 billion (gross) worth of oil reserves on the total acreage that which Micron has an interest. This number does not reflect the new data from the Leismer Prospect or the massive increase in net acreage acquired over the past six weeks. Once an updated reserve report is completed our assets in ground should increase substantially. These are clearly the most exciting times for Micron and 2007 is shaping up to be a break-out year for the Company."
Just this week Micron acquired a significant 50% interest in six new strategically located Alberta Oil Sands sections. Two of these new sections are located within and contiguous to the city of Fort McMurray, Alberta. Fort McMurray is the primary city where most of the largest Oil Sands facilities are located near, including Syncrude, Suncor and Petro-Canada. The other four new sections are located in the Peace River Oil Sands region and are contiguous to the recent acquisitions that were made last month. This now gives Micron eight contiguous sections at a location in the Peace River Oil Sands Region near the Shell/Blackrock Seal Producing project. Both of these acquisitions were paid for from funds that were in the bank. Please refer to the website at www.micronenviro.com for a map showing Micron's locations in relation to the majors close to Micron's leases.
Micron has also confirmed that representatives from the company will be attending two significant financial trade shows, one in Toronto, Canada on March 4-7 2007, and the other in Stuttgart, Germany in March 16-18, 2007.
Micron is an emerging oil and gas company that now has exposure to seven separate leases consisting of interest in 20.5 gross sections in the Oil Sands of Alberta, Canada, which is the largest Oil Sands region in the world, and has minor production from multiple conventional oil and gas wells. Micron's goal is to become a junior oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. Micron continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects.
If you have any questions, please call Micron at (604) 646-6903. If you would like to be added to Micron's update email list, please send an email to info@micronenviro.com requesting to be added.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at http://www.SEC.gov. For all details regarding working interests in all of MENV's oil and gas prospects or any previous news releases go to the SEC website. A contingent resource is defined as those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable. The independent report referred to in this news release is not NI 51-101 compliant. You should independently investigate and fully understand all risks before making investment decisions.
CONTACT: Bernie McDougall, Micron Enviro Systems, Inc., ir@micronenviro.com, TEL: (604) 646-6903, Fax: (604) 689-1733, www.micronenviro.com
--------------------------------------------------------------------------------
Source: Micron Enviro Systems, Inc.
WNYN ... great earnings report. Up 137% today on 20 x avg vol ... expect more tomorrow.
WNYN (.023) up 187% ... JJ thanks for getting that mess straightened out lol.
WNYN ... That's right JJ ... Combine a great earnings report with a chart like this - and you get SMOKIN !! lol
http://www.pinksheets.com/quote/chart.jsp?symbol=WNYN&duration=2-6-9-0-0-512
That's how I saw it short term at least. I mean I'm no wiz at understanding convertibles and such but I don't see that much dilution having occurred the past year and the hard numbers I see associated with Cornell are way above the current price. Just want to see if I'm missing something. Thanks.
Anybody who's read the 10Q or familiar with the history, a quick opinion on the degree of dilution associated with Cornell. TIA.
CTEX (.006) Has News ... Cemtrex Expects Growth in Opacity Monitors from MACT Boiler Emission StandardsLast update: 2/14/2007 12:40:00 PMFARMINGDALE, N.Y., Feb 14, 2007
PRNewswire-FirstCall via COMTEX/
Cemtrex Inc.(CTEX) announced today that as a result of the new Maximum Achievable Control Technology (MACT) standards issued by the EPA, over 42,000 boilers would have to install compliance emission monitoring equipment within the next two years, including opacity monitors. The boilers that would be impacted by MACT would be the ones that burn any amount of solid fuel with a nameplate capacity greater than 10 million Btus per hour. "All of these 42,000 boilers would require continuous opacity monitors to comply with these regulations," said Mr. Aron Govil, CEO and president of Cemtrex. "With our state-of-the-art and cost-effective laser opacity monitor we are anticipating good activity in the coming years." Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in the buying and selling of carbon credits globally. Cemtrex, through its MIP division, is engaged in manufacturing and selling the most advanced and custom-engineered instruments for emission monitoring. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies. Safe Harbor Statement This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
For further information, please contact: Cemtrex Inc. 19 Engineers Lane, Farmingdale, NY 11735 URL: Email: info@cemtrex.com (516) 816-1400SOURCE Cemtrex Inc.
Cemtrex
WNYN .016 HOD looks to be on deck ... nearly all buys today ... volume superb
http://www.pinksheets.com/quote/chart.jsp?symbol=WNYN&duration=2-6-9-0-0-512
WNYN (.015) up 87%. Positive income per this morning's 10Q ... 1-yr chart shows lots of room to climb ...
http://www.pinksheets.com/quote/chart.jsp?symbol=WNYN&duration=2-6-9-0-0-512
WNYN (.015) up 87%. Positive income per this morning's 10Q ... 1-yr chart shows lots of room to climb ...
http://www.pinksheets.com/quote/chart.jsp?symbol=WNYN&duration=2-6-9-0-0-512
WNYN (.012) Up 50% on positive 10Q
http://biz.yahoo.com/e/070214/wnyn.ob10qsb.html
WNYN (.012) Up 50% on positive 10Q
http://biz.yahoo.com/e/070214/wnyn.ob10qsb.html
ONCM (.0011) looks interesting ... was .0035 last week on merger news ...
Oncology Med, Inc., to Merge with Haz Holdings, Inc.: The Company to Focus on the Full- and Mid- Service Hotel Industry
SEATTLE, Feb 05, 2007 (BUSINESS WIRE) -- Oncology Med, Inc. (OTC:ONCM) ("Oncology Med" or the "Company"), today announced that it has entered into an agreement to merge a wholly-owned subsidiary of the Company into Haz Holdings, Inc., a Delaware corporation ("Haz Holdings"), and rename the Company, "Haz Holdings, Inc." The agreement provides that all of the shares of common stock of Haz Holdings will be exchanged for not less than 80% of Oncology Med's outstanding common stock at the closing of this merger transaction. The closing of the agreement is conditioned upon the completion of customary due diligence.
Haz Holdings owns and manages three mid-scale, full-service hotels in the United States and Canada, under the brand names "Hotel Marquis & Suites" and "Marquis Inn & Suites." Its existing portfolio, the 174-room Hotel Marquis and Suites Intercontinental Airport hotel in Houston, Texas, the 203-room Hotel Marquis Airport in San Antonio, Texas, and the Marquis Inn & Suites, a 30-room economy hotel with 70 recreational vehicle units in Edmonton, Alberta, Canada.
Haz Holdings' five year business plan is to increase its hotel ownership portfolio while concurrently franchising hotels under its brand names. Near term strategy is to acquire properties at below replacement value and leverage its holdings toward further expansion. Karim Bhanji, CEO of Haz Holdings Inc., elaborated, "We intend to primarily focus on the expansion of Haz Holdings' operations and real estate portfolio in terms of both hotel ownership and franchises."
Management for Haz Holdings estimates its hotel portfolio current market value of $16 million dollars. Haz Holdings estimated 2006 year revenue of approximately $4 million dollars.
Additionally Haz Holdings wholly-owns four subsidiary businesses: Mortgage and Financial Institute, LLC, an early stage mortgage broker in commercial and residential lending in Washington and Alaska, Nationwide Hotel Management, LLC, a hotel management company, KB Realty Group International, LLC, a commercial and residential real estate sales company, and Evergreen Sound Construction, LLC, a commercial and residential development company.
Steve Careaga, CEO of Oncology Med, stated, "We are excited to have reached this agreement and to bring this opportunity to the Company's shareholders."
The Company also announced that, based on due diligence of the Company and GAK Acquisition Corp. ("GAK") pursuant to the prior merger agreement between the Company and GAK, dated March 17, 2006, under which the Company changed its name from "Nannaco, Inc.," to "Oncology Med, Inc." (the "GAK Merger"), the Company and GAK mutually terminated the GAK Merger.
More information about Haz Holdings, Inc. can be found at http://www.hazholdings.com.
About Oncology Med, Inc.
Oncology Med, f/k/a, Nannaco, Inc., previously provided surface cleaning, surface protection, surface restoration and other services to commercial and industrial businesses, as well as to owners of historical buildings. The company has subsequently sought to improve its financial position through the acquisition of, or merger with, companies capable of providing the best value to its shareholders.
NOTE: This press release may contain ``forward-looking statements.'' In some cases, you can identify forward-looking statements by terminology such as ``may,'' ``will,'' ``should,'' ``could,'' ``expects,'' ``plans,'' ``intends,'' ``anticipates,'' ``believes,'' ``estimates,'' ``predicts,'' ``potential,'' ``continue'' or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) the company's ability to manage it current merger transaction and commencement of operations (2) the company's limited operating history; (3) the company's ability to pay down existing debt; (4) the company's ability to secure necessary financing; (5) potential litigation by shareholders and/or former or current advisors against the company; (6) the company's ability to comply with federal, state and local government regulations and/or unforeseen changes in federal or and government regulations; and (7) the risks inherent in the investigation and consummation of the acquisition of a new business opportunity or other factors over which we have little or no control.
SOURCE: Oncology Med, Inc.
ONCM (.0011) looks cheap ... was .0035 last week on merger news ...
Oncology Med, Inc., to Merge with Haz Holdings, Inc.: The Company to Focus on the Full- and Mid- Service Hotel Industry
SEATTLE, Feb 05, 2007 (BUSINESS WIRE) -- Oncology Med, Inc. (OTC:ONCM) ("Oncology Med" or the "Company"), today announced that it has entered into an agreement to merge a wholly-owned subsidiary of the Company into Haz Holdings, Inc., a Delaware corporation ("Haz Holdings"), and rename the Company, "Haz Holdings, Inc." The agreement provides that all of the shares of common stock of Haz Holdings will be exchanged for not less than 80% of Oncology Med's outstanding common stock at the closing of this merger transaction. The closing of the agreement is conditioned upon the completion of customary due diligence.
Haz Holdings owns and manages three mid-scale, full-service hotels in the United States and Canada, under the brand names "Hotel Marquis & Suites" and "Marquis Inn & Suites." Its existing portfolio, the 174-room Hotel Marquis and Suites Intercontinental Airport hotel in Houston, Texas, the 203-room Hotel Marquis Airport in San Antonio, Texas, and the Marquis Inn & Suites, a 30-room economy hotel with 70 recreational vehicle units in Edmonton, Alberta, Canada.
Haz Holdings' five year business plan is to increase its hotel ownership portfolio while concurrently franchising hotels under its brand names. Near term strategy is to acquire properties at below replacement value and leverage its holdings toward further expansion. Karim Bhanji, CEO of Haz Holdings Inc., elaborated, "We intend to primarily focus on the expansion of Haz Holdings' operations and real estate portfolio in terms of both hotel ownership and franchises."
Management for Haz Holdings estimates its hotel portfolio current market value of $16 million dollars. Haz Holdings estimated 2006 year revenue of approximately $4 million dollars.
Additionally Haz Holdings wholly-owns four subsidiary businesses: Mortgage and Financial Institute, LLC, an early stage mortgage broker in commercial and residential lending in Washington and Alaska, Nationwide Hotel Management, LLC, a hotel management company, KB Realty Group International, LLC, a commercial and residential real estate sales company, and Evergreen Sound Construction, LLC, a commercial and residential development company.
Steve Careaga, CEO of Oncology Med, stated, "We are excited to have reached this agreement and to bring this opportunity to the Company's shareholders."
The Company also announced that, based on due diligence of the Company and GAK Acquisition Corp. ("GAK") pursuant to the prior merger agreement between the Company and GAK, dated March 17, 2006, under which the Company changed its name from "Nannaco, Inc.," to "Oncology Med, Inc." (the "GAK Merger"), the Company and GAK mutually terminated the GAK Merger.
More information about Haz Holdings, Inc. can be found at http://www.hazholdings.com.
About Oncology Med, Inc.
Oncology Med, f/k/a, Nannaco, Inc., previously provided surface cleaning, surface protection, surface restoration and other services to commercial and industrial businesses, as well as to owners of historical buildings. The company has subsequently sought to improve its financial position through the acquisition of, or merger with, companies capable of providing the best value to its shareholders.
NOTE: This press release may contain ``forward-looking statements.'' In some cases, you can identify forward-looking statements by terminology such as ``may,'' ``will,'' ``should,'' ``could,'' ``expects,'' ``plans,'' ``intends,'' ``anticipates,'' ``believes,'' ``estimates,'' ``predicts,'' ``potential,'' ``continue'' or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) the company's ability to manage it current merger transaction and commencement of operations (2) the company's limited operating history; (3) the company's ability to pay down existing debt; (4) the company's ability to secure necessary financing; (5) potential litigation by shareholders and/or former or current advisors against the company; (6) the company's ability to comply with federal, state and local government regulations and/or unforeseen changes in federal or and government regulations; and (7) the risks inherent in the investigation and consummation of the acquisition of a new business opportunity or other factors over which we have little or no control.
SOURCE: Oncology Med, Inc.
GKSY ... Float 29M in Oct, A/S 1.5B current ... heck, just go ahead and buy some ... lol ...
http://www.pinksheets.com/quote/company_profile.jsp?symbol=gksy
GKSY (.01) Up over 80% ... low float ... COMING OFF THE BOTTOM ... LOOK AT CHART AND YOU SEE THAT 80% IS A DROP IN THE BUCKET .... OK?
http://www.pinksheets.com/quote/chart.jsp?symbol=GKSY
HCPC (.055) Trying to wake up ... had good news yesterday ...
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Heritage Capital Credit Corporation Schedules First BCLOC Funding
Wilmington, DE, Feb 12, 2007 (WORLD STOCK WIRE via COMTEX) -- Heritage Capital Credit Corp. (OTC: HCPC) today announced its subsidiary, Independent Capital Credit Corporation, expects to sell its first commercial contractual obligation for $40 million to the BCLOC Trust which is a Bankruptcy Remote Special Purpose Entity (SPE). The sponsor of the BCLOC Trust, an affiliate of Heritage Capital Credit Corp., expects to secure an institutional investor to purchase the BCLOC Trust Notes.
The closing on this proprietary commercial contractual obligation called the BCLOC is scheduled to occur on or before March 15, 2007.
The BCLOC Trust as a SPE can purchase the commercial contractual obligation as it is converted into a high LTV loan using a direct pay guaranty and a financial guaranty wrap from a Financial Guaranty Company, which is a commonly controlled company. This Direct Pay Guaranty Contract is unconditional and irrevocable and will make direct payments of principal and interest to the Note Holders of BCLOC Trust. It will also act like default insurance to protect the underlying commercial loan from default until maturity.
The BCLOC Trust Notes are expected to receive “CCC” ratings from a national rating agency and have been priced to the institutional investor under a Private Placement with an average coupon of 9% with a 9-month call provision.
The BCLOC Trust Notes when purchased will be restricted securities as provided by Rule 144 under the Securities Act. The notes are also expected to be book entry form through the Depository Trust Company.
The Company has $740 million in contractual obligations to close and funding the first $40 million is expected to produce estimated pre-tax earnings of $0.017 per share in the 2007 first quarter. Some of the current contractual obligations may be replaced with new projects.
The company is accepting loan applications. Visit www.independentcapitalcreditcorp.com.
About Heritage Capital Credit Corporation
Heritage is a holding company, which through its subsidiary, Independent Capital Credit Corporation is engaged in the commercial property lending business as well as in other financial services that are in large part associated with the real estate industry.
For more information about the BCLOC, visit our websites:
www.HeritageCapitalCreditCorp.com
www.IndependentCapitalCreditCorp.com.
Certain statements in this news release may contain "forward looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. There can be no assurance that such forward-looking statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
Investor & Media Relations: Wall Street Marketing Group - Tel: 760-329-4169 - Email: info@wsmg.biz
Richard Razecca
Heritage Capital Credit Corp
200 West 9th St.
Wilmington, DE 19801
USA
Phone: 866--437-4222 ext. 1018
Fax: 302-778-1023
Source: Heritage Capital Credit Corp
GKSY .01 Up over 80% ... Coming off bottom ... low float
GKSY (.009) Up over 50% .. coming off bottom
NAYN (.058) on watch after runup from last week's news ...
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Nayna Signs Definitive Agreement to Acquire Professional Satellite & Communications (ProSAT) With $40 Million Revenue
Major Expansion Into U.S. Residential Market to Substantially Boost Revenue
SANTA CLARA, Calif., Feb 6, 2007 (PrimeNewswire via COMTEX) -- Nayna Networks, Inc., (OTCBB:NAYN), a provider of next generation network solutions headquartered in Santa Clara, California, today announced it has entered into a definitive agreement to acquire privately-held Professional Satellite & Communications, LLC (ProSAT(tm)) headquartered in San Diego, California. ProSAT is a recognized supplier of residential broadband satellite solutions with about 125 employees. This acquisition is the latest step in Nayna's expansion into fast-growth high bandwidth markets. After the acquisition, Nayna expects to have about 175 employees globally including US and India. The company plans to expand its India operations significantly to provide customer retention and support for ProSAT operations.
Subject to final audit, ProSAT generated more than $40 million in revenues with over $3 million in net income for the year ending in 2006. Pursuant to the terms of the definitive agreement, subject to various standard closing conditions and approvals, Nayna will acquire all of ProSAT's outstanding membership interests in an all-stock transaction that is anticipated to close within 30 days. At closing, Nayna will issue 16 million shares of restricted Nayna stock to the members of ProSAT. In addition, 2 million of the shares to be issued at closing will be held in escrow for fifteen months to satisfy any indemnification claims by Nayna. Additionally 2 million shares will be issued in the form of stock options to current ProSAT employees after the formal close of this transaction.
ProSAT is a leading third party marketing and customer acquisition vehicle for DIRECTV(tm) and offers standard and High Definition Television equipment (HDTV), installation throughout the United States. Satellite TV services provided by DIRECTV including premium channel offerings. Equipment and installation include: standard and elliptical dish antennas, receivers, Digital Video Recorders (DVRs), set-top-boxes and sophisticated high definition (HD) equipment. The market demand for desirable HDTV quality offerings makes ProSAT a very competitive supplier in the market place.
"This is a win-win for both our companies, ProSAT is very strong in sales and customer relationships, while Nayna has a strong background in networking technology and engineering development," said Kory Madison, president and co-founder, ProSAT. "We are confident that together we will be able to aggressively follow-up on opportunities that maximize our joint value potential."
"We are excited about the synergies from both the companies," said Naveen Bisht, president and CEO, Nayna Networks. "From a geographical prospective, ProSAT has a USA focus that balances Nayna's traditionally international focus. From a sales cycle, ProSAT's shorter cycle residential focus balances Nayna's traditional longer cycle service provider focus. Combining the strengths of both the companies makes it very appealing for pursuing long-term growth opportunities while simultaneously providing enhanced short-term revenues."
About Professional Satellite & Communications, LLC
ProSAT was formed in 1997 and currently has its main facilities located at 5590 Morehouse Drive, San Diego, CA 92121 USA. ProSAT has established itself as a leading third party marketing and customer acquisition agent for DIRECTV. The company has leveraged its unique proprietary marketing formula and highly productive sales model to earn the distinction as a leading independent distribution partner for the marketing and sales of DIRECTV satellite programming. ProSAT is well positioned to benefit from the rapid growth of Direct Broadcast Satellite (DBS). More information is available at http://www.2getdtv.com/
About Nayna Networks, Inc.
Nayna Networks, Inc. delivers next generation network solutions including VoIP, IP based TV, RF based TV and high-speed Internet. More information is available at http://www.nayna.com/.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, among others, statements relating to the planned expansion of operations in India, the market for residential broadband satellite and home security solutions, the integration of ProSAT's service offerings into Nayna Networks, and the timeframe during which the merger is expected to close. Statements regarding future events are based on the parties' current expectations and are necessarily subject to associated risks related to, among other things, the potential impact on the business of ProSAT due to uncertainty about the merger, the retention of employees of ProSAT, the ability of Nayna to successfully integrate ProSAT services, technology and operations and to achieve planned synergies. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For more information regarding Forward Looking Statements and related risks, see the "Risk Factors" section of Nayna's filings with the SEC. The company undertakes no obligation to revise or update any forward looking statements for any reason.
All products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Nayna Networks, Inc.
MGEN (.0048) Looking good ... last week it reported revenues for Jan 07 of 8,500% increase over the comparable Jan 06
MGEN (.0048) ... last week it reported revenues for Jan 07 of 8,500% increase over the comparable Jan 06
RSDS ... 1-mo chart ... lots of room to climb ...
http://www.pinksheets.com/quote/chart.jsp?symbol=RSDS&duration=2-6-8-0-0-51
RSDS ... News from Jan 29 ... $38M reserves estimated ...
RSDS -- Russell Industries, Inc.
Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Russell Industries Reserve Update
HOUSTON, Jan 29, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (RSDS.PK) reports the following update regarding its proven and probable reserves. When extrapolating the preliminary report from Edge Consulting in December 2006 and information obtained by the Atomic Energy Commission dating back to February and June 1955 the geo-statistical estimation of reserves with underground mining, estimated reserves from the Russell Industries 54 claim group would be 2 - 20 million pounds of Uranium (U308) with an average grade of .27% and a cutoff of .10%. An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%.
The current market price for Uranium is $71.00 per pound and $20.00 for Vanadium. The extrapolation of these parameters indicates the range of ore in the claims to have a value range in excess of $38,340,000. The Company is being encouraged to further testing which will require costly extensive mining, sampling and testing. "We are encouraged with the preliminary reports and will evaluate our options over the next 90 days," Rick Berman, President.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision.
SOURCE: Russell Industries, Inc.
CONTACT: Designated Marketing
Investor Relations
Donson Brooks, + 1-972-731-5112
Fax: + 1-972-731-9443
www.designatedmarketing.com
RSDS ... News from Jan 29 ... $38M reserves estimated ...
RSDS -- Russell Industries, Inc.
Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Russell Industries Reserve Update
HOUSTON, Jan 29, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (RSDS.PK) reports the following update regarding its proven and probable reserves. When extrapolating the preliminary report from Edge Consulting in December 2006 and information obtained by the Atomic Energy Commission dating back to February and June 1955 the geo-statistical estimation of reserves with underground mining, estimated reserves from the Russell Industries 54 claim group would be 2 - 20 million pounds of Uranium (U308) with an average grade of .27% and a cutoff of .10%. An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%.
The current market price for Uranium is $71.00 per pound and $20.00 for Vanadium. The extrapolation of these parameters indicates the range of ore in the claims to have a value range in excess of $38,340,000. The Company is being encouraged to further testing which will require costly extensive mining, sampling and testing. "We are encouraged with the preliminary reports and will evaluate our options over the next 90 days," Rick Berman, President.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision.
SOURCE: Russell Industries, Inc.
CONTACT: Designated Marketing
Investor Relations
Donson Brooks, + 1-972-731-5112
Fax: + 1-972-731-9443
www.designatedmarketing.com
RSDS ... 1-mo chart ... lots of room to climb ...
http://www.pinksheets.com/quote/chart.jsp?symbol=RSDS&duration=2-6-8-0-0-51
RSDS .0016 and moving
RSDS .0015 ... moving now ... nice volume
ACMG back to .13 ... gotta love the volume.
Have a good weekend everyone ... another stellar week JJ !!
ACMG (.10) Looking strong into the close.
SPVG (.008) up 33% from yesterday's bottom.
ONCM (.001) Really taken a beating past couple of days. If that merger comes through, this one could be a heck of a deal.
CTEX (.0075) Has News ...
Cemtrex Forms Strategic Alliance with Global Energy, a World Energy Channel PartnerLast update: 2/8/2007 10:00:00 AMFARMINGDALE, N.Y., Feb 08, 2007
/PRNewswire-FirstCall via COMTEX/ -- Cemtrex Inc. (CTEX) announced today that it has signed a strategic alliance agreement with Global Energy Advisors, a World Energy Solutions Inc. channel partner, to develop and implement Clean Development Mechanism projects, energy procurement programs, and carbon-trading initiatives. "We will work with Global and World Energy on CDM project evaluations, PDD preparation, supply equipment and ongoing emission monitoring," said Mr. Aron Govil, CEO and president of Cemtrex. "We are very excited about closely working with our partners in advancing the growth of renewable energy resources, reducing greenhouse gas emissions by certifying, registering and trading carbon credits." Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in buying and selling carbon credits globally. Cemtrex, through its MIP division, is engaged in manufacturing and selling the most advanced and custom-engineered instruments for emission monitoring. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state government agencies. Safe Harbor Statement This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. For further information, please contact: Cemtrex Inc. 19 Engineers Lane, Farmingdale, NY 11735 URL: Email: info@cemtrex.com (516) 816-1400SOURCE Cemtrex Inc. Media contact, Aron Govil, +1-516-816-1400, or info@cemtrex.com, of Cemtrex Inc.
PMED ... I tried to escape at .039 and kept lowering ... couldn't get out til .032 ... was beginning to wonder if ever