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Major News!
Major Electric Power Company in the Northwestern U.S. Contracts With America West Resources to Supply Up to $175 Million in Compliant Coal From Horizon Mine
Five-Year Purchase and Sale Agreement Provides for an Additional Seven-Year Purchasing Option
SALT LAKE CITY, Dec. 9, 2010 /PRNewswire via COMTEX/ -- America West Resources, Inc. (OTC Bulletin Board: AWSR), a domestic compliant coal producer with mining operations in Central Utah, today announced that it has entered into a Coal Purchase and Sale Agreement with a major electric power company in the northwestern United States.
The five-year base agreement, valued at approximately $40 million in base tons and up to an additional $27 million in optional tons, provides for America West to supply compliant thermal coal mined from its Horizon operations and delivered pursuant to a predetermined monthly shipping schedule beginning in 2011 and continuing through the end of 2015. However, among other terms and conditions, the major electric power company will have the option to extend the agreement up to seven additional years, thereby increasing the total potential value of the deal to a total of up to $175 million.
"With this agreement now in hand, we have secured sales of up to $400 million for delivery of our compliant coal over the next five years, and total potential sales of almost $500 million over the next decade," stated Dan Baker, Chief Executive Officer of America West Resources. "Expansion is our key focus now. It is going to be necessary to more than double our current workforce over the next two years, increasing from 80 miners to approximately 160 miners. Moreover, with more than three miles of underground highway now developed within Horizon and a well-defined mining plan that provides for ramping our production to as much as five million tons per year upon implementing our longwall mining strategy, we believe we are ideally positioned to begin fully optimizing our coal assets and are well on our way to establishing America West as a major U.S. coal producer."
About America West Resources, Inc.
Headquartered in Salt Lake City, Utah, America West Resources is an established domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to utility companies and industrial customers in the western U.S., China and Europe. The Company operates the Horizon Mine, which has recoverable, compliant, high BTU coal reserves. For more information, please visit www.AmericaCoal.com.
Forward-Looking Statements
This news release contains forward-looking statements Please refer to the Company's Form 10-K and other filings with the United States Securities and Exchange Commission (the "SEC") for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR) at www.sec.gov. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future mining output, ability to obtain necessary equipment, personnel and permits to mine coal, production capabilities, management's strategy, plans and objectives for future operations, plans and objectives for production, plans and objectives for present and future production, plans and objectives for regulatory approval, and anticipated results, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation, risks associated with coal production, mining in general and in our mines in particular, ability to achieve the coal output anticipated, ability to obtain permits, ability to hire and retain the necessary personnel, as well as other risks detailed in our filings with the SEC. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
ELITE FINANCIAL COMMUNICATIONS GROUP
Dodi B. Handy, President & CEO (Twitter: dodihandy)
For Media Inquiries: Kathy Addison, COO (Twitter: kathyaddison)
407-585-1080 or via email at AWSR@efcg.net
SOURCE America West Resources, Inc.
MusclePharm Invited to Present at HIV DART(TM) 2010 Medical Conference
DENVER, Nov 15, 2010 (GlobeNewswire via COMTEX) -- MusclePharm(R) Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States, has been invited to present at the upcoming HIV DART(TM) 2010: Frontiers in Drug development for Antiretroviral Therapies Conference being held from December 7-10, 2010 in Los Cabos, Mexico.
This innovative conference, HIV DART(TM) 2010, will uniquely blend the areas of biology, chemistry, pharmacology and clinical research to provide the scientific community an increased understanding of the current and future challenges in therapeutics for HIV infection. This brings leaders in the research community together to advance the medical communities knowledge of the ongoing drug development processes in antiretroviral research.
At this year's HIV DART(TM) 2010 Conference, MusclePharm will present its results on the use of its product, Recon, in HIV patients. Early results show that Recon may help prevent the onset of wasting syndrome by facilitating the growth and maintenance of muscle mass in people living with HIV, which has been associated with antiretroviral drug resistance.
MusclePharm's President, Cory Gregory stated, "We started MusclePharm to enable people of all fitness levels to maintain and improve their general fitness through a daily nutritional supplement regimen. We are very pleased to have our work accepted by such a prestigious group of physicians and researchers focused on improving the lives of people with the HIV virus."
Mr. Gregory continued, "This conference is well known for its prominent list of attendees, which includes the greatest minds HIV research has to offer. The fact that the scientific committee at HIV DART 2010 viewed our work as significant and ground breaking shows the scientific strength of our products and great promise for the future use of therapeutic nutritional supplements for the treatment of HIV disease."
Recon contains important amino acids, assisting in reaching the higher levels of nutrition required for people living with HIV. MusclePharm's Recon Nutritional Supplement is easily digestible, helps the absorption of amino acids and proteins. It contains essential minerals, digestive enzymes, Glutamine and other metabolic agents that maximize recovery, protein synthesis and endurance.
MusclePharm recently presented its findings on the use of Recon to prevent and treat wasting syndrome in HIV patients at XVIII International AIDS Conference this past July in Vienna, Austria at the Research Advances satellite symposium sponsored by the National Association of People with AIDS and The AIDS Institute. The Company also presented this past week at the 138th Annual Meeting of the American Public Health Association in Denver, CO.
MusclePharm is currently striving to obtain Medicaid approval for the product in states with designated Eligible Metropolitan Areas under the Ryan White HIV/AIDS Treatment Modernization Act.
MusclePharm has recently expanded their market to include therapeutic medical modalities beginning with the utilization of Recon, a multi-component therapeutic nutritional supplement in the treatment of people living with HIV and AIDS.
About MusclePharm
Headquartered in Denver, Colorado, MusclePharm is a rapidly expanding healthy life-style company that develops and manufacturers a full line of NSF and scientifically approved nutritional supplements that are 100% free of any banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB. The Company's propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. MusclePharm is sold in over 120 countries and available in over 5,000 US retail outlets that include GNC, and Vitamin Shoppe, as well as over 100 online stores, including bodybuilding.com, Amazon and Vitacost.com. For more information, please visit www.musclepharm.com.
Forward-looking Statements
MusclePharm Corporation believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Item 2.02 of the Company's Form 8-K dated February 18, 2010, which has been filed with the Securities and Exchange Commission.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: MusclePharm
Imperial Completes Funding for Oil Sands Proto-Type
EVANSVILLE, Ind., Oct 05, 2010 (BUSINESS WIRE) -- Imperial Petroleum, Inc. (OTCBB: IPMN) announced that it has completed the funding for its oil sands proto-type unit. The oil sands recovery process uses a non-thermal, mechanical and chemical closed-loop system to recover the bitumen or heavy oil from oil sands. Upon successful demonstration of the process technology using the proto-type unit, the Company will enter into a License Agreement with its international partner to develop the technology in certain territories. The License Agreement will include an initial licensing fee of $500,000; on-going royalties to the Company on new facilities and will provide a firm financing commitment of up to $6.6 million to the Company to build its initial facility in the United States using this technology.
Jeffrey T. Wilson, President of Imperial, said, "We believe that this process eliminates the environmental issues associated with the recovery of heavy oil from oil sands both in Canada and elsewhere for three reasons: (1.) there are no emissions with our process; (2.) we do not apply heat to the material so we are not driving off the lighter hydrocarbon ends into the atmosphere and (3.) the sand that exists the facility is hydrocarbon free." Mr. Wilson went on to say, "This funding agreement is the first step in completing the Term Sheet we signed with our international partner a few weeks ago. Construction and demonstration of the proto-type unit will take about 60 days and once completed we expect to quickly enter into the Licensing Agreement. We are constructing a 10 ton per hour proto-type facility in Houston, Texas to demonstrate the technology on Canadian and United States oil sands on a commercial level."
Imperial is an energy company headquartered in Evansville, Indiana.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
SOURCE: Imperial Petroleum, Inc.
CONTACT:
Imperial Petroleum, Inc. Jeffrey T. Wilson, 812-867-1433 email: jtwilsonx1@aol.com website: https://imperialpetroleuminc.com
Copyright Business Wire 2010
Amp Electric Vehicles is ramping up production of the all-electric Chevy Equinox
http://content.usatoday.com/communities/driveon/post/2010/10/amp-converts-chevy-equinox-into-all-electric-/1
IceWEB Continues to Gain Traction in Healthcare Vertical
Company Receives Order from Channel Partner for County Health Department
STERLING, Va., Sept 30, 2010 /PRNewswire via COMTEX/ -- IceWEB(TM), Inc. (OTC Bulletin Board: IWEB), www.iceweb.com, a leading provider of Unified Data Storage and building blocks for cloud storage networks, announced today that the Company has received an order from a mid-west channel partner to deliver a storage platform for a county government health department.
IceWEB's storage system will be used for tracking and analyzing data regarding a multitude of health requirements ranging from Influenza outbreak containment to the "Ready in 3" program for emergency response to Center of Disease Control (CDC) Outbreak incidents.
"IceWEB's unified storage architecture is perfectly suited for healthcare customers that require the flexibility of managing structured and unstructured data in a virtualized cloud environment. Our system, which comes standard with a 128 bit file system, was developed around processing large (unstructured) video images such as Digital Motion X-rays and Magnetic Resonance Imaging (MRI). The healthcare vertical has taken on rapid adoption of transporting this type of unstructured data via cloud computing environments," stated John R Signorello, CEO of IceWEB. "The IceWEB products provide a simple and affordable way for healthcare professionals to manage and archive this massive amount of data in a secure cloud computing environment."
About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets data storage products. For more information, please visit www.IceWEB.com.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward-looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934, as amended, or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
Contact:
IceWEB, Inc.
Investor Relations, 571.287.2400
investor@iceweb.com
or
Stephen D. Axelrod, CFA, 212.370.4500
steve@wolfeaxelrod.com
Wolfe Axelrod Weinberger Associates, LLC.
SOURCE IceWEB, Inc.
www.prnewswire.com
Copyright (C) 2010 PR Newswire. All rights reserved
looking good today +25% 4x average volume
Power-Save Energy Company Announces $2,405,835 Contract to Supply Solar Powered System to CBS Television Studios and CA Power-Save!
SAN LUIS OBISPO, Calif., Sept 22, 2010 /PRNewswire via COMTEX/ -- Power-Save Energy Company (OTC Bulletin Board: PWSV), an emerging leader in the renewable energy and energy efficiency products industry, announced today a contract from CA Power-Save to supply a complete photovoltaic solar system for installation on CBS Television City, East Studio and Main Studio Building in Los Angeles, California. Power-Save Energy Co. will supply all the solar equipment, Solar Panels from Ningbo Solar, Inverters from PV Powered based in Oregon and Racking from Unirac based in New Mexico. CA Power-Save will be designing and installing this 411 kW solar array onto CBS Television Studios Buildings. This specific contract is worth $2,405,835.00 to CA Power-Save.
This project is significant to Power-Save Energy Co. in that it furthers the company's pursuit of larger commercial projects. This specific commercial installation has been funded through a Federal Tax grant, a Los Angeles Dept of Water and Power rebate, and funding from the customer CBS. The customer will save approximately $120,000 per year in electrical costs and have a ROI of less than 5 years.
Chris Frye, Owner of CA Power-Save, stated, "This is a fantastic opportunity for CA Power-Save to design, engineer and install a large solar array for a notable commercial customer. This represents yet another example of how implementation of renewable energy can increase profits for businesses across America when adequate financing and incentives are in place.
Michael Forster, Power-Save Energy Company CEO, also stated, "We will certainly continue to market and sell to Corporate America. These large, successful companies continue to be forward looking in spite of the current economy and implement strategic energy saving green measures that will benefit their bottom line and the environment for many years to come."
About Power-Save Energy Co.
Power-Save Energy Company (http://www.power-save.com) is a marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy saving products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone.
About California Power-Save
CA Power-Save is a solar integrator based in Sonoma County California. CA Power-Save is also an authorized distributor for Power-Save Energy Co. products.
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
SOURCE Power-Save Energy Company
www.prnewswire.com
Copyright (C) 2010 PR Newswire. All rights reserved
EXCLUSIVE: AMP Mystery Partner Turns Out To Mercedes-Benz! Is There And All Electric ML350 In Your Future?
We first drew your attention to Advanced Mechanical Products Inc.
, or AMP back in 2007. Back then the newly formed company had started converting select GM products to electric-powered vehicles. These weren’t going to be just your typical one off tuner conversions, but AMP had promised that these would be OEM quality upgrades still carrying a factory warranty.
A year later AMP followed up on this promise with 300HP all electric Saturn Sky and Pontiac Solstice sports cars, and quickly followed with an electrified Chevrolet Equinox. With these impressive models already hitting the roads it didn't take long for others to take notice, and we started reporting that various manufacturers began touring the Cincinnati facility.
Now given the fact that AMP had always utilized GM products in the past. Many of us assumed that Monday’s press announcement of an agreement to produce test vehicles, that the partner would be GM.
Inside sources have now revealed to us that this agreement is not with GM, but is actually with Mercedes–Benz. It seems when Mercedes representatives visited AMP a while back they were so impressed with the Chevy Equinox, that they quickly commissioned a ML-350 test mule for further evaluation. Our exclusive spy photos reveal that a previously unregistered 2009 Pearl White ML-350 bearing manufacturer plates has arrived at AMP’s facility and is currently in the process of electrification by their engineers. Upon completion this now all electric ML is slated to undergo testing later in the month.
While the final details are still to be revealed, there is a strong possibility that an all electric ML may be in the works, and the test mule you see here could be the beginning of a new direction for the German automaker.
Stay tuned when we find out more details as the project moves forward.
http://www.autospies.com/news/EXCLUSIVE-AMP-Mystery-Partner-Turns-Out-To-Mercedes-Benz-Is-There-And-All-Electric-ML350-In-Your-Future-57692/
EXCLUSIVE: AMP Mystery Partner Turns Out To Mercedes-Benz!
http://www.autospies.com/news/EXCLUSIVE-AMP-Mystery-Partner-Turns-Out-To-Mercedes-Benz-Is-There-And-All-Electric-ML350-In-You-Future-57692
AMP Brings Its All-Electric Vehicle to Capitol Hill
Featured Finalist at Progressive Automotive X PRIZE Awards Ceremony in Washington, D.C.
BLUE ASH, Ohio, Sep 15, 2010 (GlobeNewswire via COMTEX) -- AMP Holding Inc. (OTCBB:AMPD), a company engaged in the emission-free electrification of OEM vehicles, announced today it has been invited to be featured in a display of super fuel efficient vehicles, as part of the Progressive Insurance Automotive X PRIZE awards ceremony in Washington D.C., September 16, 2010.
Steve Burns, CEO of AMP, said, "From inception, the X PRIZE competition has been about developing real, production-capable cars that consumers will want to buy, not science projects or concept cars. This core principal resonated and truly inspired our progress - what we've learned throughout the nearly two years spent preparing for this competition has been invaluable. In fact, we've taken those lessons learned directly to the production floor, with our now production-ready 100% electric GM Equinox."
Ceremony attendees will have an opportunity to meet AMP's team members and view the 100% electric AMP vehicle, as well as other technologies that will shape the future of the automotive industry. AMP's vehicle was a finalist in the competition, and met nearly all of the competition's strict requirements, including the ability to achieve 100 miles per gallon or the energy equivalent. One of eight finalists in its category, the AMP entry was the only commercially-produced, non-concept vehicle in the finals to achieve this certification.
The X PRIZE awards ceremony will take place on September 16th at the Historical Society of Washington, D.C. In attendance will be various politicians and government officials. Also expected to be in attendance are representatives from the Department of Energy and Consumer Reports, both of which participated in the judging of qualifying rounds during the competition. In addition to the significant media attention surrounding the event, the National Geographic Channel will be airing a documentary on the competition titled "X PRIZE Cars: Accelerating the Future," at 9pm EDT on September 16th.
About AMP Holding Inc.
AMP was founded in 2007 by automotive industry veterans who have created several hi-tech companies. Currently, the AMP team is comprised of top engineers and business executives, as well as two key pioneers of GM's EV1 project. AMP's first models to all-electric were the GM Sky and the Pontiac Solstice, and most recently, the Chevrolet Equinox. Since its inception, AMP's unique electrification technology has proven to be an idea that has generated an extreme amount of interest, with inquiries coming from around the world. AMP will be electrifying a wide range of OEM vehicles and SUVs, and expects to announce new model additions in 2010. The Company expects its vehicle electrification technology will provide new solutions to America's energy demands.
To learn more, visit the AMP website at www.ampelectricvehicles.com.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: AMP Holding Inc.
AMP to Develop Electric Prototype for Major OEM
AMP Engineers to Utilize Evolutionary Technology to Electrify SUV
BLUE ASH, Ohio, Sep 13, 2010 (GlobeNewswire via COMTEX) -- AMP Holding Inc. (OTCBB:AMPD), a company engaged in the emission-free electrification of OEM vehicles, announced it has signed an agreement with a major OEM to electrify one of its SUVs.
Under the terms of the agreement, AMP has received one current model SUV from an OEM and has already commenced the engineering process. AMP anticipates completing the electrification process and delivering the SUV back to the manufacturer for review in approximately 60 days. AMP's unique drive train technology is a lower-cost, efficient solution that was designed from inception to be readily adaptable to currently marketed ICE-based (internal combustion engine) OEM vehicles with minimum engineering and capitalization costs. Because of its unique ability to bring an OEM to market with speed and efficiency, the Company expects to explore additional initiatives with other OEMs in the near future.
Steve Burns, CEO of AMP, said, "Time is not a luxury, it's a race to the finish now -- AMP possesses the scalability and nimbleness to get an OEM to mass production with an already existing model literally within months. We believe the development of this prototype is a huge vote of confidence for our technology. Our model is simple, applying our evolutionary technology by working with world-class automakers.
"The AMP electric drive train is based on an entirely new and unique technology - we're powering SUV's and crossovers that go faster and further than any current or upcoming peer offerings, even those based on modified light-weight sedans. Imagine, after replacing a standard ICE and transmission, getting an almost 4,000-pound SUV to go zero to 60 in eight seconds? It's not a concept...we've already done it with the 2010 GM Equinox, and we're going to be doing it again within the next few months with another mainstream SUV. Gas-free vehicles are the future and we believe AMP's unique technology will be leading the way."
AMP currently electrifies several GM models, including the 2010 GM Equinox. Pre-conversion, the Equinox has a curb weight of nearly 3,800 pounds, by far the heaviest production vehicle to-date to be converted to all-electric. AMP's approach is a true paradigm shift -- using custom lithium-iron battery packs and two rear-mounted Remy electric motors, it produces 160 kilowatts of peak power, making it by far the most powerful and efficient on the market today. Current peer offerings do not come close to the range, efficiency and cost effectiveness of the Remy-powered drive train. The AMP'd Equinox can achieve zero to 60 in less than eight seconds and reaches a top speed of 90 miles per hour. It can travel up to 150 miles on a single charge.
About AMP Holding Inc.
AMP was founded in 2007 by automotive industry veterans who have created several hi-tech companies. Currently, the AMP team is comprised of top engineers and business executives, as well as two key pioneers of GM's EV1 project. AMP's first models to all-electric were the GM Sky and the Pontiac Solstice, and most recently, the Chevrolet Equinox. Since its inception, AMP's unique electrification technology has proven to be an idea that has generated an extreme amount of interest, with inquiries coming from around the world. AMP will be electrifying a wide range of OEM vehicles and SUVs, and expects to announce new model additions in 2010. The Company expects its vehicle electrification technology will provide new solutions to America's energy demands.
To learn more, visit the AMP website at www.ampelectricvehicles.com.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: AMP Holding Inc.
real-time .17 479,000 shares
I hope! still not a bad start the friday before holiday
start of possible promo?
real-time +11.5% 348,000 shares
quotes on some sites not working i've noticed but called broker to verify
looking like there is serious potential here
Imperial Biofuels Subsidiary Clears Milestone
EVANSVILLE, Ind., Sep 01, 2010 (BUSINESS WIRE) -- Imperial Petroleum, Inc. (OTCBB:IPMN) announced that its wholly-owned subsidiary, e-biofuels, LLC, a Middletown, Indiana biodiesel producer, cleared a milestone in its development. After becoming part of Imperial and as the result of negotiating a series of feedstock purchase agreements and biodiesel off-take sales contracts, e-biofuels generated revenues of approximately $3.5 million in the month of July 2010 alone on fuel sales of about 1.2 million gallons and as a result the subsidiary expects to be highly profitable going forward. Fuel sales for August 2010 are approximately 1.4 million gallons with revenues of just over $4.0 million for the month.
"Expanding the plant throughput to its current capacity was one of our early goals for e-biofuels and a great deal of credit goes to the management of e-biofuels for their efforts and achievements thus far. August sales to date are on pace to exceed the July results," commented Jeffrey T. Wilson, President of Imperial. "As a result of the mandates under the Renewable Fuels programs, e-biofuels has been in a unique position to take advantage of its certification as an advanced biofuels producer to rapidly increase its market presence. Our products are sold to some of the largest retail outlets and truck stop owners in the United States. Upon the closing of our financing for the Company, we expect to proceed quickly to expand the biodiesel production capacity to 25 MMGPY; convert the plant over to our more-efficient process technology and add bio-jet fuel capabilities. Our goal is to add slow pyrolysis equipment into the facility over the next year to produce both electricity for re-sale to the power grid and bio-oil for inclusion in our renewable boiler fuel and renewable heating oil products."
Imperial is an energy company headquartered in Evansville, Indiana.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
SOURCE: Imperial Petroleum, Inc.
CONTACT:
Imperial Petroleum, Inc. Jeffrey T. Wilson, CEO Phone 812-867-1433 Fax 812-867-1678 email: jtwilsonx1@aol.com
Copyright Business Wire 2010
Command Center Announces Revenue of $5.98 Million for the Month of August
Revenue and Average Weekly Revenue Per Store Both up 43%
POST FALLS, Idaho, Aug 25, 2010 (BUSINESS WIRE) -- Command Center, Inc. (OTCBB: CCNI), an emerging provider of on-demand, reliable labor solutions, today announced revenue of $5.98 million for the four-week reporting period of August 2010, an increase of 43% over the revenue of $4.18 million recorded in August 2009.
The company said average weekly revenue of $29,294 per store in August '10 was also up 43% on the average weekly revenue of $20,466 for August '09. There were 51 company-owned stores open in both time periods.
"Core business in August was up more than 35% compared to August of last year," said Command's Chairman and CEO, Glenn Welstad. "In addition to a significant pick-up in work orders this year from our typical customer, the small-to-medium-sized business, we have secured a growing number of national accounts with higher worker volume requirements in multiple locations."
Mr. Welstad noted that national account work over the past 12 months has represented 27% of the company's revenue.
"While there is still a lot of uncertainty about the scope and rate of economic recovery," concluded Mr. Welstad, "we continue to see a strong need for Command's services. Based on current orders and input from our customers, we remain optimistic that this trend will continue for the foreseeable future."
About Command Center, Inc.
The Company provides on-demand employment solutions to businesses in the United States, primarily in the areas of light industrial, disaster relief, hospitality and event services. Additional information on Command Center is available at www.commandonline.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, the severity and duration of the general economic downturn, the availability of worker's compensation insurance coverage, the availability of capital and suitable financing for the Company's activities, the ability to attract, develop and retain qualified store managers and other personnel, product and service demand and acceptance, changes in technology, the impact of competition and pricing, government regulation, and other risks set forth in the Form 10KSB filed with the Securities and Exchange Commission on April 9, 2010 and in other statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE: Command Center, Inc.
CONTACT:
INVESTOR RELATIONS: Market Makers Jimmy Caplan, 512-329-9505 jcap@austin.rr.com
Copyright Business Wire 2010
SMNG barchart buy ratings keep going up too http://barchart.com/opinions/stocks/SMNG
Def excited for the near future on this one!
NEWS: Nutra Pharma Receives Patent for Novel Antiviral Treatment Using Modified Cobra Venom
Nutra Pharma Has Been Issued a Patent by the U.S. Patent and Trademark Office for a Method of Treating and Preventing Infectious Diseases, Including Colds, Flu Viruses, and Bacterial and Parasitic Infections, Using Modified and Detoxified Cobra Venom and Neurotoxins
CORAL SPRINGS, FL, Jul 28, 2010 (MARKETWIRE via COMTEX) -- Nutra Pharma Corporation (OTCBB: NPHC), a biotechnology company that is developing treatments for Adrenomyeloneuropathy (AMN), Human Immunodeficiency Virus (HIV), Multiple Sclerosis (MS) and Pain, announced today that it has received approval from the United States Patent and Trademark Office (USPTO) for its patent describing a method of treating and preventing infectious diseases, including colds, flu viruses, and bacterial and parasitic infections, using modified and detoxified cobra venom and neurotoxins.
The patent (US 7,758,894), titled "Modified elapid venoms as stimulators of the immune reaction," describes a method for treating and inhibiting infections by influenza viruses through the use of subcutaneous, intramuscular, or intravenous injections of therapeutically effective amounts of a detoxified and neurotropically active oxidized alpha cobratoxin or alpha-cobrotoxin protein. The patent continues by explaining clinical evidence supporting marked increases in the expression of genes associated with the production of gamma interferon through exposure to these detoxified proteins. Gamma interferon is considered a potent antiviral agent and regulator of the immune response.
"This patent represents an important addition to our intellectual property portfolio," commented Rik J Deitsch, Chairman and CEO of Nutra Pharma Corporation. "As we continue our efforts developing antiviral therapies using proteins from cobra venom, this patent will provide important ongoing support and protection of our research and development projects," he explained.
Recently, Nutra Pharma, through its drug discovery subsidiary, ReceptoPharm, introduced its novel antiviral therapy, PEPTERON, at the International AIDS Conference in Vienna, Austria. PEPTERON is based on the Company's leading drug candidate using modified cobratoxin, RPI-MN, and has been shown to inhibit the entry of several viruses that are known to cause severe neurological damage in such diseases as encephalitis and HIV.
About Nutra Pharma Corp. Nutra Pharma Corporation operates as a biotechnology company specializing in the acquisition, licensing, and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, autoimmune, and infectious diseases, including Adrenomyeloneuropathy (AMN), Multiple Sclerosis (MS), and Human Immunodeficiency Virus (HIV). Additionally, the company markets several drug products for sale for the treatment of pain under the brands Cobroxin and Nyloxin. For additional information about Nutra Pharma, visit: http://www.NutraPharma.com.
SEC Disclaimer This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in Nutra Pharma's ("the Company") business plan. Announcing the approval of the patent 7,758,894 should not be construed as an indication in any way whatsoever of the future value of the Company's common stock or its financial value. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Contact:
Nutra Pharma Corp.
David Isserman
877-895-5647
Email Contact
Awesome news! ..and the BUY RATING! http://barchart.com/quotes/stocks/VKNG
Black Hawk Exploration Announces Drill Program Start-up at Dun Glen Gold and Silver Property.
FOX ISLAND, Wash., July 26, 2010 /PRNewswire via COMTEX/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX) releases 3rd quarter management report and significant activities and milestones attained over the last 150 day period from March 1, 2010 through current drilling activities at our Dun Glen gold exploration in progress. The Board of Black Hawk Exploration is pleased to announce the mobilization of drilling equipment at our Dun Glen gold and silver property in Nevada. Our focus is to elevate Dun Glen to the status of being one of Nevada's premier gold and silver mines. Newmont Mining estimated Dun Glen contained 500,000 to 2,000,000 ounces of gold in addition to the silver deposits.
In April 2010, the Summary Report with Recommendations for the Dun Glen Gold and Silver Project, was completed by Hunsaker Inc., our consulting geologist. This FREE REPORT is available by emailing CEO@BlackHawkExploration.com
The following recaps our last 5 months major milestones:
07 26 2010 Dun Glen Drilling Program Commences Today.
07 19 2010 Black Hawk Receives Coarse Gold Results From Dun Glen
Project.
07 15 2010 Black Hawk Exploration Files SEC form 10-Q Quarterly Report.
07 14 2010 Black Hawk Commences Dun Glen Gold Drill Program July 26th,
2010.
07 06 2010 Black Hawk Receives Positive Results from Dun Glen Gold
Assays.
06 28 2010 Black Hawk Ships Additional Samples from Dun Glen Gold
and Silver Claims.
06 23 2010 Black Hawk Exploration to Engage ALS Minerals for Phase 2 Dun
Glen Gold Assays.
06 17 2010 Black Hawk Exploration to Release Summary Report with
Recommendations for Dun Glen Project.
06 14 2010 Black Hawk Exploration Receives Notice of Acceptance of
Environmental Bond Financial Guarantee for Phase 2 Dun Glen
Gold Drilling Exploration.
05 14 2010 Black Hawk Receives Additional $200,000 Investment from
European Financial Institution.
Golden Black Hawk / Dun Glen Update
As the property has passed from one group to another, exceptional research has been done to produce a consolidated analysis of the overall potential of Golden Black Hawk's holdings at Dun Glen. Future cash flows lay on the recovery of precious metals from the surface of the Auld Lang Syne, Black Hole, Monroe and our other 5 mine dumps. Cumulatively the three dumps examined contain approximately 50,000 tons of material and 100,000 tons total with inclusion of all 8.
Drilling commenced today based on Golden Black Hawk's earlier field review and evaluation. The previous results showed the surface grades and potential tonnage are significant enough to warrant analyzing the dumps in more detail and to extend the drilling to the remaining five dumps. The drill program will take approximately 2 to 3 days. Analysis of the samples will be available within 10 days to 2 weeks of completion. Testing will consist of conventional geochemical analysis as well as coarse gold analysis.
Blue Lithium Energy Inc. / Clayton Valley Update
Originally focused on the acquisition, exploration and development of a portfolio of strategic lithium properties in the United States and Canada, Black Hawk Exploration acquired a 56 claim, 1120 acres lease in the prolific lithium brine Clayton Valley Nevada, home to the only producing lithium brine mine in the U.S. The results of our initial exploration discovered over 450 feet of lithium brines but the numbers were less than economical at current prices. Plans for our continued exploration at Clayton Valley will be shared with you in early September, 2010.
Over the next 6 months management will maximize the growth of our lithium focus. Blue Lithium Energy is in the earliest stages of discussion and review of additional acquisitions and a potential lithium joint venture. BHWX is committed to a long term development of Blue Lithium Energy. Lithium is the future of efficient energy storage and we plan on being at the center of this growth industry.
About Black Hawk Exploration, Inc.:
Black Hawk is a diversified metals and energy exploration company with its current focus on gold and silver discovery through its Dun Glen holdings. Black Hawk is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building Shareholder value. "We are expanding our future lithium, gold and silver growth plans and have confidence we will have funding for a major corporate expansion in the coming months," stated Kevin M. Murphy CEO.
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in all press releases that relate to the company's expectations, with regard to the future impact on the company's results from new projects in development, are forward-looking statements. A complete disclosure of our "SAFE HARBOR "statement is posted on our website at www.BlackHawkExploration.com under the heading "NEWS".
SOURCE Black Hawk Exploration, Inc.
Good News! About what I expected... now let's see the stock up in the .40's today!
I picked some more up cheap yesterday... hopefully it stays in the low .40's early on so I can pick up more. Really feel that this will be a long time climber!
Worldwide Food Services (WFSV) Announces Expansion in National Blind Co-op
BORDENTOWN, NJ, Jun 24, 2010 (MARKETWIRE via COMTEX) -- WORLDWIDE FOOD SERVICES, INC. (Worldwide Food Services) (Worldwide) (PINKSHEETS: WFSV) announced today a planned effort to bring key regional Blind Vendor states into the National Blind Enterprises Co-op (National Blind Co-op). The objective is to create joint ventures with the largest Randolph Sheppard groups so that mass purchasing and the resultant price savings flow to the individual blind vendors at every level.
The Board of Directors will select one or more senior executives from the Blind Vendor community. The selection of a President will be forthcoming once the executive team is in place.
Worldwide Food Services, Inc. is 100% Debt-free. The Company owes no suppliers or manufacturers; inventories that are held have all been paid-in-full.
For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127 and/or www.wwfoodservices.com.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT:
WORLDWIDE FOOD SERVICES, INC.
Rich Kaiser
Yes International
800-631-8127
Black Hawk Exploration to Engage ALS Minerals for Phase 2 Dun Glen Gold Assays
FOX ISLAND, Wash., June 23, 2010 /PRNewswire via COMTEX/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX), announced today that its wholly owned subsidiary, Golden Black Hawk, will engage ALS Minerals for the Phase 2 Dun Glen gold and silver assays. ALS will conduct "Fire Screen Processing" for coarse gold and E.L. "Buster" Hunsaker, BHWX Geologist will supervise the onsite metal detection evaluation. Kevin M. Murphy, CEO of Black Hawk Exploration will be the acting project manager and provide corporate overview.
About ALS Laboratory Group's Mineral Division:
ALS Laboratory Group's Mineral Division: ALS Chemex, is a leading provider of assaying and analytical testing services for mining and mineral exploration companies. Specializing in the analysis of a variety of sample types (soil, sediment, rock cuttings, core), ALS Chemex offers a comprehensive range of packages designed to suit the needs of the industry. Its laboratories span the world's most active mining regions and with over forty locations on six continents, ALS Chemex's services are accessible by even the most remote projects.
About Black Hawk Exploration, Inc.
Black Hawk is a diversified metals and energy exploration company with a current focus on gold exploration at its Dun Glen holdings. A definitive sampling and exploration program for Dun Glen, which was previously announced, is in final permit stage and expected notification will be received within the next 7-10 business days. Mr. Murphy provides an open commentary on the Black Hawk Exploration website (www.BlackHawkExploration.com ) under CEO-BLOG.
Contact: Kevin M. Murphy - CEO / Black Hawk Exploration
Tel: 253-973-7135
CEO@BlackHawkExploration.com
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Black Hawk (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE Black Hawk Exploration, Inc.
NEWS: Black Hawk Exploration to Release Summary Report with Recommendations for Dun Glen Project
FOX ISLAND, Wash., June 17, 2010 /PRNewswire via COMTEX/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX) announced today that it will release the summary report with recommendations for Dun Glen Project prepared for management. The report is a compilation of the extensive analytical data prepared to value the potential of Black Hawk Exploration's wholly owned subsidiary, Golden Black Hawk, a gold and silver project in Pershing County, Nevada. Management has made this extensive Dun Glen gold document available to shareholders, friends and the market. The report is 29 pages and a "MUST READ" for any investor or potential investor doing proper due diligence. "The report supports our thesis that the future of Black Hawk is very bright and lined with Gold," stated Kevin M Murphy.
The Dun Glen Gold Report prepared by Hunsaker, Inc. is fully inclusive and contains a discussion of the geology, veins and alteration as reflected by three prospective vein targets which occur over a 12,000 foot long corridor. The report includes geochemistry on rocks and soils as well as geophysics (ground magnetics) and drilling. Large tonnage gold mineralization targets are defined and exploration recommendations include surface mineralization evaluation, geology evaluation, and drill targeting and drill program specifics. An estimated budget for this program is also included in the report. Over 16 reference maps and photos supplemented by a sample geochemical summary has also been made available within the report.
Due to the extensive size and volume of information available in the report, it is ONLY AVAILABLE via electronic format. If you wish to receive a copy of the Dun Glen Gold Report, please email Kevin M. Murphy directly at CEO@BlackHawkExploration.com and request it be sent to your email address and any other parties email address you feel may wish to receive a copy.
About Black Hawk Exploration, Inc.
Black Hawk is a diversified metals and energy exploration company with a current focus on gold exploration at its Dun Glen holdings. Mr. Murphy provides an open commentary on the Black Hawk Exploration website (www.BlackHawkExploration.com ) under CEO-BLOG
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Black Hawk (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE Black Hawk Exploration, Inc.
Up 12% on the day - let's knock out these .37's!
I got in cheap yesterday, I feel news will turn this puppy around quick.. did you guys look at the Dun Glen? Killer property!
PR states an expected $20 Million in revs from their order... wow, this could get exciting!
Do you guys think this could trigger a move back up? Especially when they start mining... which sounds like it could be soon...
NEWS: Black Hawk Exploration Receives Notice of Acceptance of Environmental Bond Financial Guarantee for Phase 2 Dun Glen Gold Drilling Exploration
FOX ISLAND, Wash., June 15, 2010 /PRNewswire via COMTEX/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX), announced today that the Company has received notice from the State of Nevada, Nevada Division of Minerals, that their Environmental Bond financial guarantee is in place and been accepted. The Bond Notice has been sent to the U.S. Bureau of Land Management (BLM). Golden Black Hawk, the wholly owned subsidiary of BHWX expects to have a response within the next week from the BLM permitting them to move drilling equipment onto the Dun Glen Gold property. "This has been an exciting time for Black Hawk as the Company laid the ground work for our full exploration of Gold and Silver deposits at Dun Glen. The final scheduling of equipment and personnel has commenced to coincide with the expected BLM approval. Management believes that the recoverable Gold and Silver from the surface mineralization alone could range from $4 to $6 million dollars." stated CEO, Kevin M. Murphy.
Funding for Phase 2 of the Dun Glen Gold exploration program was made available from the financing announced May 15th, 2010. The Company currently has sufficient capital to cover all aspects of this stage of the Dun Glen development. To date, Black Hawk has requested and received 3 tranches of $200,000 each totaling $600,000 under this agreement.
Kevin Murphy, CEO of Black Hawk stated, "We are pleased to have an Institutional Partner who has provided the necessary funding to bring us to this stage of our drilling program. As stated in previous releases, the drilling area has gold concentrations as high as 4.8 oz. per ton at the surface and hosts 3 mines, the Auld Lang Syne, Black Hole and Monroe developed in the 1930 - 1940s. None of these mines reached depths deeper than 260 feet due to the lack of sophisticated exploration technology available to Black hawk Exploration today. Over 50,000 oz. of gold were removed from these shallow mining operations."
About Black Hawk Exploration, Inc.,
Black Hawk is a diversified metals and energy exploration company with a current focus on gold exploration at its Dun Glen holdings. A definitive sampling and exploration program for Dun Glen, which was previously announced, is in final permit stage and expected notification will be received within the next 7-10 business days. Mr. Murphy provides an open commentary on the Black Hawk Exploration website (www.BlackHawkExploration.com ) under CEO-BLOG.
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Black Hawk (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE Black Hawk Exploration, Inc.
Balqon Introduces Zero Emissions Heavy-Duty Electric Vehicles and Drive Systems to Costa Rica
HARBOR CITY, CA, Jun 09, 2010 (MARKETWIRE via COMTEX) -- Balqon Corporation (OTCBB: BLQN), a developer and manufacturer of zero emissions heavy-duty electric vehicles for Class 7 and Class 8 applications, has introduced its vehicles and drive systems to the Republic of Costa Rica through a new dealer agreement with Electric Cars of Costa Rica S.A.
As a leading distributor of electric cars, neighborhood electric vehicles (NEV) and light duty on-road trucks in Costa Rica, Electric Cars of Costa Rica will distribute Balqon's medium and heavy-duty electric vehicles and drive systems, and provide service and parts throughout Costa Rica.
"Costa Rica has been setting the pace among nations for reducing carbon emissions and has declared the ambitious goal of becoming the first country in the world to be carbon neutral," said Balwinder Samra, president and CEO of Balqon Corporation. "Electric Cars of Costa Rica has been leading the effort to introduce new zero emissions technologies to Costa Rica and has extensive experience in NEV inner city delivery vehicle markets."
"In addition to introducing all-electric medium and heavy-duty trucks for transportation of goods and services, we plan to jointly develop both the new and conversion vehicle markets in Costa Rica by providing our proprietary drive system and high-capacity lithium-ion battery packs for use in various vehicle platforms," said Samra.
James Middlebrooks, president and founder of Electric Cars of Costa Rica, commented: "We are excited to deliver to Costa Rica Balqon's extensively tested and successfully commercialized zero emissions technology for heavy-duty vehicles. We expect these advanced technologies to be quickly adopted by our existing environmentally-conscious customer base of resorts, distribution warehouses, and inner city distribution companies."
Costa Rica is ranked first among the Americas and third in the world in terms of the 2010 Environmental Performance Index. In 2007, the Costa Rican government announced plans for Costa Rica to become the first carbon neutral country by 2021. According to the New Economics Foundation, Costa Rica ranks first in the Happy Planet Index and is the "greenest" country in the world. Also, according to an October 2009 article published by Summa Magazine, Costa Rica is the world's fourth largest exporter of high technology due to the fact that nearly half of its sales from manufacturing relate to products developed with proprietary technologies.
Electric Cars of Costa Rica represents the third international dealer agreement Balqon has established since the first of the year. In Febuary, Balqon signed Autoelevadores Yale, a leading distributor of material handling equipment and electric vehicles in Argentina. In March, Balqon signed Industrias IVOR, a distributor of trucks, firefighting trucks and equipment, refuse trucks, and heavy machinery for material handling products in Colombia.
About Electric Cars of Costa Rica Electric Cars of Costa Rica is a distributor of light duty trucks, golf carts, trams and neighborhood electric vehicles. Its customers include local resorts, distribution warehouses, airports, the beverage industry, and state and local governments. Electric Cars of Costa Rica was founded in 2001 and has sales and services locations in the major markets in Costa Rica.
About Balqon Corporation Headquartered in Harbor City, California, Balqon Corporation (OTCBB: BLQN) is a leading developer of heavy-duty electric trucks, tractors and electric drive systems. The company uses its proprietary flux vector control technology to design propulsion systems for 10 to 50 ton capacity vehicles and material handling equipment. Balqon Corporation's product line of tow tractors built on Autocar LLC chassis are designed to transport containers at ports, marine terminals, rail yards, warehouses, intermodal facilities, military bases and mail facilities. For more information about Balqon Corporation, visit www.balqon.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 With the exception of historical information, the matters discussed in this press release, including without limitation, Balqon Corporation's ability to sell products; the commercial viability of Balqon Corporation's products; the ability of Electric Cars of Costa Rica to market, distribute and service Balqon Corporation's products; the ability of Balqon Corporation to develop a market presence in Costa Rica, including the ability of Balqon Corporation and Electric Cars of Costa Rica to introduce new products and zero emissions technologies to Electric Cars of Costa Rica's existing customers; and the ability of Balqon Corporation to develop a global presence for its product offerings are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Balqon Corporation could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, unforeseen technical issues; Electric Cars of Costa Rica's ability to secure purchase orders for Balqon Corporation's products; Balqon Corporation's ability to fulfill any such purchase orders; Balqon Corporation's ability to attract sufficient capital to manufacture its products; the ability of Balqon Corporation to attract and retain talented individuals; adverse economic and market conditions; the projected future demand for Balqon Corporation's products; changes in technology and governmental regulations and policies; and other events, factors and risks previously and from time to time disclosed in Balqon Corporation's filings with the Securities and Exchange Commission, including, specifically, those factors set forth in the "Risk Factors" section of Balqon Corporation's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission.
Company Contact:
Balwinder Samra
Chairman, President & CEO
Balqon Corporation
Tel 310-326-3056
Email Contact
Investor Relations:
Scott Liolios or Cody Slach
Liolios Group, Inc.
Tel 949-574-3860
Email Contact
With all this promising news, I'm in. From what I've learned, 92% majority owner has 40 million working capital on hand and the float is only roughly 6.3 million - should see this one turn on soon...
Digital Development Issues Bank Secured Letter of Credit
CITY OF INDUSTRY, Calif., Jun 08, 2010 (BUSINESS WIRE) -- Digital Development Partners, Inc. (OTCBB:DGDM) announced that it has issued to Ezkey Corporation a bank secured letter of credit for the manufacturing of the first shipment of the EFT Smartphone to be delivered to customers at the end of June.
EFT and Digital combined to date have invested over $2 million in the design, research and development of the new state-of-the-art phone. Digital anticipates having 50,000 phones in service over the next 8 to 12 months with a servicing fee that will range between $15.99 to $19.99 per phone per month.
Jack Qin, Chairman and CEO, stated, "We have worked extremely hard to reach this stage of manufacturing and distribution of the EFT-Smartphone. Our first goal is to place in service 20,000 phones with additional phones being placed in service as Digital servicing centers are brought online." Qin went on to say, "The over 1 million EFT registered affiliates are very loyal to the EFT brand; with pre-orders coming in we are very excited about the future success of Digital and the EFT-PDA-Smartphone."
About Digital
Digital distributes and services the EFT Mobile PDA Smartphone to EFT's base of affiliated members throughout Asia. The unique aspect of the EFT-Smartphone is that EFT affiliates will be able to speak with all other affiliates at no charge while in a Wi-Fi location utilizing VoIP technology. Another unique aspect is the additional Apps that will allow the EFT affiliate base to access all their back office sites including their Funds Management Account where the affiliate will be able to deposit funds to make purchases, withdraw and transfer money to another EFT account or to another EFT affiliate at no cost for the internal transfer. The EFT-Smartphone will have educational applications and PowerPoint presentations for recruiting and training new affiliate members anywhere in the world.
Disclaimer
This release may contain forward-looking statements. Investors are encouraged to carefully review regulatory filings prior to investment consideration. Past performance is no guarantee of future success or that there cannot be business interruption. The Company is in a rapid growth sector that may or may not continue to grow in the future and therefore poses risks that may be different than other investments. Management regularly provides news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstances change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply with all applicable law and regulatory concerns but cannot assure investors of any material changes outside of their best efforts. This release does not contain investment advice nor any recommendations to purchase or sell any securities. Consult with your investment professional before making any investments into any securities.
For Investor Information Please Contact Edward Carter 626-581-3335 or email at ecarter@eftb.net
Digital Development Receives Sizable PDA-Smart Phone Order
Distribution of EFT-Smart Phone Slated for China and Southeast Asia
CITY OF INDUSTRY, CALIF., Jun 01, 2010 (BUSINESS WIRE) -- Digital Development Partners, Inc., (OTCBB:DGDM) announced that it has received an order for 100,000 EFT-PDA-Smart Phones with Wi-Fi and VoIP capabilities. Digital's initial market for the smart phone will be EFT's one million plus registered affiliates throughout China and Southeast Asia. Digital has received extremely positive feedback from the EFT affiliates and anticipates placing 50,000 phones in the next 8-12 months. Digital will generate revenues from the sale of the phone to EFT International, and monthly servicing fees that are expected to range between $15.99 to $19.99 per phone per month. Additional revenues will be generated from the sale of phone accessories and the introduction of new products and services to existing EFT-Smart Phone customers, which will further enhance shareholder value.
Jack Qin, Chairman and CEO stated, "We are very excited to have received this order after acquiring the worldwide distribution and servicing rights to the EFT-PDA-Smart Phone. The order calls for the initial delivery of 20,000 phones with the remainder of the order to be filled as manufacturing, production and Digital servicing centers are brought on-line." Qin went on to say, "The EFT affiliates are very loyal to the EFT brand, with pre-orders starting to come in we are very excited about the future success of Digital and the EFT-PDA-Smart Phone".
About Digital
Digital distributes and services the EFT Mobile PDA Smart Phone to EFT's base of affiliated members throughout Asia. The unique aspect of the EFT-Smart Phone is that EFT affiliates will be able to speak with all other affiliates at no charge while in a Wi-Fi location utilizing VoIP technology. Another unique aspect is the additional Apps that will allow the EFT affiliate base to access all their back office sites including their Funds Management Account where the affiliate will be able to deposit funds to make purchases, withdraw and transfer money to another EFT account or to another EFT affiliate at no cost for the internal transfer. The EFT-Smart Phone will have educational applications and PowerPoint presentations for recruiting and training new affiliate members anywhere in the world.
Disclaimer
This release may contain forward-looking statements. Investors are encouraged to carefully review regulatory filings prior to investment consideration. Past performance is no guarantee of future success or that there cannot be business interruption. The Company is in a rapid growth sector that may or may not continue to grow in the future and therefore poses risks that may be different than other investments. Management regularly provides news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstances change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply with all applicable law and regulatory concerns but cannot assure investors of any material changes outside of their best efforts. This release does not contain investment advice nor any recommendations to purchase or sell any securities. Consult with your investment professional before making any investments into any securities.
SOURCE: Digital Development Partners, Inc.
CONTACT:
Investor Information: Digital Development Partners, Inc. Edward Carter, 626-581-3335 ecarter@eftb.net
STCO looks like it could move into the .30's on 100,000 shares
StratoComm Corporation Shareholder Advisory
ALBANY, N.Y., EATONTOWN, N.J. and GENEVA, May 27, 2010 /PRNewswire via COMTEX/ -- StratoComm Corporation (STCO) Chairman recaps 2010 to date:
(Logo: http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO )
Cameroon
Evergreen ISP Platforms has entered its third month of providing wireless broadband services to companies and institutions within the city of Douala, Cameroon. Customer response to Evergreen's service offerings and pricing continues to be strong. As previously reported among Evergreen's earliest subscribers are the Roman Catholic Arch Bishops residence, (located within the compound housing Evergreen's Network Operation Center) and Macacos, a commercial printing operation that is now capable of downloading client files for production. This critically important feature was not feasible before introduction of Evergreen's broadband services. In addition to Macacos which operates forty computers through the Evergreen network, and the Arch Bishop's Residence and offices, other subscribers include, Mobile Money, an African based financial services company similar to Pay Pal, the Douala Customs Office at the Port of Douala and Amacam a Cameroonian based company.
Geneva, Switzerland Development Office
StratoComm's Market Development Office commenced operations May 1, 2010. The present focus there relates to ongoing discussions with various Swiss organizations and institutions toward defining potential stratospheric platform sub-system collaboration. Additionally market development for both StratoComm's TTS and STS are underway with strong positive interest. As substantive results are achieved information will be released publicly.
Ghana
StratoComm Ghana Limited is the recently incorporated Ghanaian based company formed as the Joint Venture Company to support StratoComm Corporation's entrance to that market. The company was formed following execution of a Joint Venture Agreement between StratoComm and Kron Telecom, also a Ghanaian company. StratoComm Corporation is in final negotiation of an associated System Sale Agreement with its JV partner for the purchase of a StratoComm Transitional Telecommunications System.
Technology Development
StratoComm maintains a substantial library of Intellectual Property (IP), which it continues to increase. Most of its IP relates to StratoComm's core mission, for the delivery of telecommunications services from the stratosphere. There are additional patents pending or in process, each of which further enhances the strength of StratoComm's position within the stratospheric community. As presented in a release earlier in May, the U.S. Patent Office issued a significant patent to StratoComm titled Long Mission Tethered Aerostat and method of Accomplishing.
Stratospheric Tests
StratoComm continues in discussions with selected collaborators in Europe and northern Africa toward defining terms to formalize agreement specific to funding and logistical support to StratoComm's stratospheric test flights. Progress with these efforts has resulted largely from the efforts of StratoComm's new Swiss Market Development Office.
Regulatory Effort
May 21st; Dr. Y.C. Lee, StratoComm's CTO returned from ITU meetings in Geneva, Switzerland having tenaciously supported the coordinated efforts of StratoComm's worldwide network of stratospheric telecommunications proponents in their pursuit to assure availability of required frequencies to enable stratospheric services. "Absent StratoComm's leadership in the ongoing regulatory effort to secure stratospheric frequency use it is likely that the effort would fail altogether causing unacceptable compromise to the interests of developing countries around the world." stated Dr. Lee.
The ITU is the United Nations Specialized Agency responsible for telecommunications, including international regulations for the management of radio frequency spectrum and satellite orbit resources, standards for equipment and operations, and assistance for developing countries in improving telecommunications facilities. Frequency use and management decisions are undertaken by vote of member nations resulting in a treaty to approve or disapprove a particular frequency use. At present StratoComm colleagues are engaged in the ongoing process underway in Hyderbad, India.
"StratoComm management is grateful for continued shareholder support, which is enabling StratoComm to further its efforts worldwide. Current operations in Cameroon and Switzerland, are benefiting greatly from this ongoing shareholder support," stated Mr. Craig Danzig, Executive Director of Institutional Relations.
StratoComm Corporation is a developer and provider of telecommunications infrastructure technologies with a specific focus to the delivery of ubiquitous and cost sensitive communication services to the developing world. The company is further committed to the allocation of a portion of each system's service capacity for the provision of low cost/no cost social and economic outreach programs.
Safe Harbor Disclosure - This Press Release contains or incorporates by reference "Forward-looking statements," including certain information with respect to plans and strategies of StratoComm Corporation. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including StratoComm Corporation beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to StratoComm Corporation as of such date. There are a number of important factors that could cause actual events or actual results of StratoComm Corporation and its subsidiaries to differ materially from those indicated by such forward looking statements.
Company web site: www.stratocomm.net