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ARYC - Advanced Recycling Sciences, Inc. Signs JV Agreement in Riyadh With Prominent Saudi Arabian Industrial Group Rashid Saad Al-Rashid & Sons
May 30, 2007 1:00:00 PM
IRVINE, CA -- (MARKET WIRE) -- 05/30/07 -- Advanced Recycling Sciences, Inc. (PINKSHEETS: ARYC) ("ARS"), a leader in innovative products and technologies for the tire and rubber recycling industry, announced that Keith Fryer, the ARS President, recently signed a JV agreement in Riyadh, the Saudi Arabian capital, with Rashid Saad Al-Rashid & Sons Co. Limited; represented by Rashid S. Al-Rashid Group Chairman and Yousef R. Al-Rashid Industry Division Manager. Al-Rashid & Sons is a leading Saudi Arabian industrial group, with local operations spanning architectural design & engineering, construction, real estate, farming and local manufacturing with operations located in Riyadh (h/q), and Dammam, Eastern Province.
The JV agreement calls for a direct equity investment by the Al-Rashid Group in the ARS subsidiary Revultec, Inc, based in California, which is presently researching & developing a new and innovative liquid rubber material, suitable for incorporation into rubber industrial products and possibly new tire manufacture. Al-Rashid Group has the option to increase its stake in the venture as key milestones are met by the company. Funds will be employed by ARS to determine the "Proof of Concept" as well as towards company overhead.
The development program will be undertaken in collaboration with the ARS technical partner Applied Power Concepts, Inc., based in Anaheim, California and led by Dr. William A. Farone (President & CEO), whose firm will undertake the material development program and assist ARS will all technical matters related to the project. Dr. Farone has served as President and CEO of APC since 1987 and has 30 years experience in the development of commercial processes from laboratory and pilot plant studies. He has over 90 technical publications in diverse areas including chemistry, electromagnetic phenomena and spectroscopy.
First liquid rubber test material samples are expected to be available for the rubber & tire industry evaluation within 90 days. The rubber industry, Good Year and other leading companies have expressed considerable interest in this exciting new material. Rubber manufacturers and other tire companies will test this material called Tire2Tire(TM)/liquid rubber as soon as it becomes available.
The overall Tires2Tire(TM)/liquid rubber material development program is expected to be completed within 6-months.
About Advanced Recycling Sciences, Inc.
Advanced Recycling Sciences, Inc. provides solutions to alleviate the worldwide environmental dilemma of scrap tires and industrial rubber waste. Through acquisition and development of new technologies, ARS is focused on establishing itself as a leader in the worldwide environmental technology and crumb rubber modified asphalt-paving arenas. For more information, please visit the corporate web site at www.arsciences.com
Safe Harbor Statement:
No stock exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to the Company's ability to obtain adequate financing to further its current and future business strategies; the Company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. 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. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Corporate Contact:
Keith J. Fryer
President and COO
949.260.4728
Mobile: 949.413.9190
Email Contact
www.arsciences.com
ARYC, Advanced Recycling Sciences, Inc. Signs JV Agreement in Riyadh With Prominent Saudi Arabian Industrial Group Rashid Saad Al-Rashid & Sons
might get interesting
May 30, 2007 1:00:00 PM
IRVINE, CA -- (MARKET WIRE) -- 05/30/07 -- Advanced Recycling Sciences, Inc. (PINKSHEETS: ARYC) ("ARS"), a leader in innovative products and technologies for the tire and rubber recycling industry, announced that Keith Fryer, the ARS President, recently signed a JV agreement in Riyadh, the Saudi Arabian capital, with Rashid Saad Al-Rashid & Sons Co. Limited; represented by Rashid S. Al-Rashid Group Chairman and Yousef R. Al-Rashid Industry Division Manager. Al-Rashid & Sons is a leading Saudi Arabian industrial group, with local operations spanning architectural design & engineering, construction, real estate, farming and local manufacturing with operations located in Riyadh (h/q), and Dammam, Eastern Province.
The JV agreement calls for a direct equity investment by the Al-Rashid Group in the ARS subsidiary Revultec, Inc, based in California, which is presently researching & developing a new and innovative liquid rubber material, suitable for incorporation into rubber industrial products and possibly new tire manufacture. Al-Rashid Group has the option to increase its stake in the venture as key milestones are met by the company. Funds will be employed by ARS to determine the "Proof of Concept" as well as towards company overhead.
The development program will be undertaken in collaboration with the ARS technical partner Applied Power Concepts, Inc., based in Anaheim, California and led by Dr. William A. Farone (President & CEO), whose firm will undertake the material development program and assist ARS will all technical matters related to the project. Dr. Farone has served as President and CEO of APC since 1987 and has 30 years experience in the development of commercial processes from laboratory and pilot plant studies. He has over 90 technical publications in diverse areas including chemistry, electromagnetic phenomena and spectroscopy.
First liquid rubber test material samples are expected to be available for the rubber & tire industry evaluation within 90 days. The rubber industry, Good Year and other leading companies have expressed considerable interest in this exciting new material. Rubber manufacturers and other tire companies will test this material called Tire2Tire(TM)/liquid rubber as soon as it becomes available.
The overall Tires2Tire(TM)/liquid rubber material development program is expected to be completed within 6-months.
About Advanced Recycling Sciences, Inc.
Advanced Recycling Sciences, Inc. provides solutions to alleviate the worldwide environmental dilemma of scrap tires and industrial rubber waste. Through acquisition and development of new technologies, ARS is focused on establishing itself as a leader in the worldwide environmental technology and crumb rubber modified asphalt-paving arenas. For more information, please visit the corporate web site at www.arsciences.com
Safe Harbor Statement:
No stock exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to the Company's ability to obtain adequate financing to further its current and future business strategies; the Company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. 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. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Corporate Contact:
Keith J. Fryer
President and COO
949.260.4728
Mobile: 949.413.9190
Email Contact
www.arsciences.com
TSYS - TCS Wins $2.3 Million SATCOM Contract
World-Wide Satellite Systems Contract Award Momentum Continues for TCS
May 30, 2007 12:42:00 PM
ANNAPOLIS, MD -- (MARKET WIRE) -- 05/30/07 -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a global leader in mission-critical wireless communications, today announced the award of a $2.3 million contract to provide satellite hardware to the Program Management Defense Communications and Army Transmission System (PM DCATS) team at Ft. Monmouth, N.J. This is the fifth award TCS has received under the World-Wide Satellite Systems (WWSS) contract vehicle. Revenues are expected to be realized during Q2 and Q3 of 2007, due to the 97-day period of performance requirement.
PM DCATS provides centralized, intensive project management of communications transmission systems projects and other special programs, worldwide. The programs provide the critical bandwidth required for the Global Information Grid and support the Department of Defense (DoD) transformation by developing and fielding communications systems capable of overcoming existing -- and projected -- bandwidth constraints.
"PM DCATS continues to demonstrate its confidence in TCS' satellite communications knowledge and ability to satisfy mission-critical communications requirements as TCS is a prime contractor in this program," said Michael Bristol, Senior Vice President, Network Solutions for TCS. "The WWSS contract allows TCS the opportunity to apply the experience gained by deploying our mobile communications solutions to enhance and sustain associated fixed infrastructure. TCS contributes to the warfighter's success by strengthening both ends of the communications equation, from tactical to strategic assets."
Federal customers rely on TCS for secure uplink and SATCOM service consistent with a proven high degree of availability. TCS' SATCOM services are widely deployed worldwide by government agencies with high reliability and are supported with TCS' best-in-class customer service.
ABOUT TELECOMMUNICATION SYSTEMS, INC.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems and engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless and VoIP operators around the world, and agencies of the U.S. Departments of Defense, State, and Homeland Security. For more information, visit http://www.telecomsys.com
Except for the historical information contained herein, this news release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties and are based upon TCS' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include without limitation the statement that revenues from this contract are expected to be realized in the second and third quarters of 2007 and those risk factors detailed from time to time in the Company's SEC reports, including the reports on Forms 10-K for the year ended December 31, 2006, and 10-Q for the quarter ended March 31, 2007.
Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.
Media Contacts:
TeleCommunication Systems, Inc.
Rita Thompson
410-295-1865
rthompson@telecomsys.com
Welz & Weisel Communications
Jane Bryant/Evan Weisel
703-218-3555
jane@w2comm.com
evan@w2comm.com
yep, specially the ugh part
thnx Chu...I missed NOVC from 9.00
lol...looks like that black petey guy..and he got $700,000
to pump it up.
PhoneBrasil International, Inc. Announces New Trading Symbol - PHBR
May 29, 2007 2:39:00 PM
Copyright Business Wire 2007
CORAL SPRINGS, Fla.--(BUSINESS WIRE)--
UTZ Technologies, Inc. (Pink Sheets:UTZE) announced today that its new trading symbol will be PHBR.PK effective the morning of Wednesday, May 30th, 2007.
PhoneBrasil International, Inc. President and CEO Anderson Alves Dias commented, "We have some very exciting events coming in the near future and I look to rapidly grow this company through strategic planning. We are looking to give numerous updates to the investing public short term so that it is fully digested as to our key role in the Latin American telecommunications market."
Furthermore CEO Anderson Alves Dias went on to say, "This marks an exciting moment in the Company's history as PhoneBrasil Intl., Inc. transforms itself into a Hybrid VOIP Technology company specializing in the Latin American market as well as servicing the International markets."
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as PHBR or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Source: UTZ Technologies, Inc.
----------------------------------------------
PhoneBrasil International
Inc.
Coral Springs
Dennis Curtis
Advisor
754-366-2171
utzeir@yahoo.com
Well lets hope we get...
a lil energy back in penny land before the summer dulldrums hit.
New, Patented Window Film Thwarts Wireless Signal Stealing and Electronic Eavesdropping
Technology Tested and Proven By Federal Government Now Available For Personal and Business Privacy
May 29, 2007 10:35:00 AM
Copyright Business Wire 2007
ST. LOUIS--(BUSINESS WIRE)--
As wireless devices make data access and exchange more convenient, the potential for hackers to steal wireless signals with simple eavesdropping devices is greater than ever. To address this growing risk, CPFilms Inc., a unit of Solutia Inc. (OTCBB: SOLUQ), announced today that it is introducing LLumar(R) Signal Defense Security Film, a high-tech clear window film for businesses and high net-worth individuals looking to secure and protect the confidentiality of their wireless and other "free-space" electronic communications. The film is ideally suited for industries where securing confidential information and protecting data is paramount - such as retail, healthcare, and the financial services industry.
Patented technology built into LLumar Signal Defense film reduces electronic signal leakage through windows, a building's point of least resistance, by serving as a transparent barrier that allows light to pass through, while minimizing transmission of wireless (WiFi), radio frequency (RF), and other electronic signals.
Over the past several years, CPFilms has manufactured this high-tech, patented window film for the federal government. The film has been installed on more than 200 buildings within various federal agencies, including the Department of Defense, Department of the Treasury, and Department of State, as well as at facilities within the executive branch and at residences of senior government officials.
"With the proliferation of mobile communications technologies like cell phones, PDA's, Bluetooth devices and Wi-Fi enabled laptops, the airwaves are more flooded than ever with sensitive and confidential information, creating a prime threat for businesses of all sizes," said Arthur Money, former U.S. Assistant Secretary of Defense for Command, Control, Communications and Intelligence. "Surprisingly, while businesses spend millions on computer and IT network security, they underestimate the risk of electronic signals from cell phones, wireless networks, computer terminals, and other devices 'leaking' information through the windows of their building."
According to Money, all electronic devices broadcast RF signals, whether intentionally (cell phones, wireless microphones) or unintentionally (computer screens, hard drives, etc). And whether or not the information is encrypted, it provides a convenient path for information to easily leak out of businesses and homes, making it available to competitors and hackers.
In fact, with a wireless-enabled laptop antenna and some relatively inexpensive electronics, hackers can easily steal wireless and other RF signals. In addition, acoustic signals from conversations and computer keystrokes can be stolen using more sophisticated equipment, such as infrared or laser microphones, from hundreds of yards away.
In addition to effectively reducing RF signal leakage, one version of the window film is designed to eliminate glass fragmentation and has been blast-tested to government standards, enabling windows to withstand significant impact from the outside, keeping employees safe on the inside.
Developed in conjunction with the U.S. Department of Defense and CPFilms' technology partner, ASTIC Signals Defenses, the film uses a patented combination of metal and metal oxide layers to reduce the signal strength across the entire electromagnetic spectrum.
"We understand the risks associated with wireless and other 'free-space' communications that government entities and businesses face every day," said Kent Davies, president of Solutia's CPFilms business. "LLumar Signal Defense Security Film brings our patented technology, available only to the federal government until now, to businesses and commercial organizations for the first time. No other film manufacturer offers optically clear window films with these benefits to either the public or private sector."
With the explosive growth of wireless communications, the number of cell towers, Wi-Fi access points and radio, TV, and microwave transmission antennas has grown exponentially as well, dramatically increasing electromagnetic energy.
"Importantly, our product also serves as a barrier that protects businesses against excessive electromagnetic interference from outside sources that can disrupt, inhibit, and, in some cases, completely shut down basic, everyday electronic communications," Davies added. "In fact, most insurance policies don't protect against data lost due to electromagnetic interference, so the investment in window film may be the best way a business can protect itself."
For more information on LLumar Signal Defense, interested businesses should call toll-free 1-800-255-8627 or visit www.LLumar.com.
NOTE TO EDITORS: LLumar is a registered trademark of CPFilms Inc.
Corporate Profile
CPFilms is a business unit of Solutia Inc. (OTCBB: SOLUQ), a high-performance specialty materials company based in St. Louis, Mo. As the world leader in aftermarket window film, CPFilms manufactures and processes more than 100 types of professional automotive, building, safety/security, and decorative film. CPFilms products are designed to meet international standards, come with a factory-backed warranty, and are professionally installed. Through our global network of factory trained and authorized dealers, each vehicle or facility, regardless of location, receives the same high-quality film and same expert installation services.
Forward Looking Statements
This press release may contain forward-looking statements, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Solutia's most recent Annual Report on Form 10-K, under "Cautionary Statement About Forward Looking Statements," Solutia's quarterly reports on Form 10-Q, and in filings with the U.S. Bankruptcy Court in connection with the Chapter 11 case of Solutia Inc. and 14 of its U.S. subsidiaries. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com. The bankruptcy court filings can be accessed by visiting www.trumbullgroup.com. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Source: Solutia Inc.
----------------------------------------------
Fleishman-Hillard
Brian Westrich
314-982-9109
or
Solutia Inc.
Dan Jenkins
314-674-8552
or
ASTIC Signals Defenses
Mike Raymond
888-259-0100
GNLM - General Metals Corp Amends Record Date for 11:10 Forward Split until June 29, 2007 and Awaits Bond Approval for Start of Drilling at Independence Mine
May 29, 2007 8:06:00 AM
Copyright Business Wire 2007
RENO, Nev.--(BUSINESS WIRE)--
General Metals Corporation (OTCBB:GNLM) (FWB:GMQ): On May 10, 2007, the Company announced that it has set a record date of May 22, 2007, for its upcoming annual and special general meeting of shareholders scheduled to be held on June 29, 2007, in Reno, Nevada. A 14(a) proxy statement will be sent to shareholders of record.
The Company also previously set the record date of May 22, 2007, for shareholders of record to participate in the proposed 11:10 forward stock split, which is anticipated to be approved at the annual and special general meeting scheduled for June 29, 2007. The effective date of the forward split will be shortly after its anticipated approval at the annual and special general meeting. Therefore, the Board has resolved that the new record date for the 11:10 forward split will be June 29, 2007, after receiving the anticipated shareholder approval at the meeting.
This new date allows for the interested European investors who will be being contacted on the Company's trip to Germany in mid June and our presentation at the London Stock Exchange on June 22, 2007, to participate.
The Company has been fortunate to have raised an additional $400,000 or so by way of Private Placement, Warrant exercise and debt conversion. An 8-K will be filed accordingly. As a result of receipt of this additional funding, we have now successfully raised over 50% of the Phase 1 drilling and exploration budget of $1,350,000 and are prepared to commence the first 2 stages of the Phase 1 Program. We await reclamation bond agreement from the Bureau of Land Management so we may post the required bond and commence drilling. As previously announced, the initial drill hole sites have been located.
Company Advisory Board Member Robert Carrington, P.Geol, says: "We will start drilling around the old Independence Mine workings in our Independence Shallow Target. This is the main host of the estimated 235,000 oz. gold and 2,500,000 oz. silver, and will be developed in four stages, setting the stage for commencement of open pit mining once a suitable mine model is developed. We anticipate the drilling will be complete by mid August, 2007, and are currently preparing private land to the south of the claims to house the proposed heap leach operations."
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding the actual date of the annual and special general meeting, the approval of the forward stock split, the exploration budget and any additional funding with respect to the Phase I drilling program, the receipt of the Reclamation Bond Agreement from the Bureau of Land Management, the existence of an estimated 235,000 oz. gold and 2,5000,000 oz. silver that may be contained and developed in the Independence Shallow Target and the completion of drilling by mid-August 2007.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Source: General Metals Corporation
----------------------------------------------
General Metals Corporation
Steve Parent
President & CEO
775-686-6078
Cell: 775-721-6428
generalmetals@hotmail.com
or
European contact:
Aspen Agency Limited
+011-44-870-479-3351
info@aspenagency.eu
AAGH - Asia Global Holdings Corporation Subsidiary China Media Power (CMP) to Shoot 'Who Wants To Be A Millionaire?' TV Pilot for China TV Market on June 12 in Guangzhou.
May 29, 2007 8:00:00 AM
LOS ANGELES, May 29 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) has announced that its subsidiary, China Media Power (CMP) will begin shooting the TV pilot for "Who Wants To Be A Millionaire?" for the China TV market in Guangzhou China beginning on June 12, 2007.
CMP has set up studio facilities in Guangzhou where it plans to produce a minimum of 104 episodes of the globally successful "Who Wants To Be A Millionaire?" TV show for broadcast in China. The Company will complete final studio improvements at the end of May. A finished pilot is expected on June 15, 2007.
CMP, a 60% owned subsidiary of Asia Global Holdings Corp, entered into agreement in December 2006 with Celador International Limited, now part of 2waytraffic, to produce a minimum of 104 episodes of "Who Wants to Be A Millionaire?" for broadcast nationwide in China.
CMP parent company Asia Global Holdings Corp develops businesses and projects with proven potential and management in China.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) has a strong focus on building business in China and other emerging regions and markets in Asia and Worldwide. The company's present subsidiaries participate in media & advertising, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China.
Asia Global Holdings Corporation Website:
http://www.asiaglobalholdings.com
Forward-looking statements in this document are not historical fact as "forward-looking statements" as that term is defined in the Private Securities Litigation Reform of 1995. Forward-Looking statements are not guarantees of future performance. Our Forward -Looking statements are based on trends we anticipate in our industry and our good faith estimate on the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause of actual business and results of operations, to differ materially from those reflected in our forward looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities Exchange Commission website, http://WWW.SEC.GOV.
SOURCE Asia Global Holdings Corporation
----------------------------------------------
Asia Global Holdings Corporation Investor Relations
+1-213-243-1503
ir@AsiaGlobalHoldings.com
CBRP - Cambridge Resources Releases Statement Regarding the Ontario Securities Commissions Temporary Order, Notice and Hearing
May 25, 2007 2:05:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 05/25/07 -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) released a statement today pertaining to a recent notice by the Ontario Securities Commission, which refers to the company's former transfer agent, Select American Transfer.
The Ontario Securities Commission issued a temporary order under section 127(1) and (5) of the Ontario Securities Commission, whereby the temporary order enforces a stop trading order to the following individuals and companies: Jason Wong, David Watson, Nathan Rogers, Amy Giles, John Sparrow, Kervin Findley, Leasesmart, Advance Growing Systems, Pharm Control, The Bighub, Universal Seismic, Pocketop, Asia Telecom, International Energy, Cambridge Resources, NutriOne Corporation and Select American Transfer.
Cambridge Resources, its Officers, Directors and Affiliates have not received notice by the Ontario Securities Commission nor any other authorities and are not and have not been involved in any of the alleged activities. In addition, Cambridge Resources has changed its transfer agent to Fairross Stock Transfer Company and has fully audited the records held with Fairross Stock Transfer and said audit was satisfactory.
Cambridge Resources, its Officers, Directors and Affiliates will cooperate fully with the investigation and hearing of the Ontario Securities Commission.
The closing of the financing may be delayed until conclusion of the investigation and hearing of the Ontario Securities Commission.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Alex Barta
Investor Relations
514-991-2272
abarta@cambridgeresourcescorp.com
CBRP - Cambridge Resources Releases Statement Regarding the Ontario Securities Commissions Temporary Order, Notice and Hearing
May 25, 2007 2:05:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 05/25/07 -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) released a statement today pertaining to a recent notice by the Ontario Securities Commission, which refers to the company's former transfer agent, Select American Transfer.
The Ontario Securities Commission issued a temporary order under section 127(1) and (5) of the Ontario Securities Commission, whereby the temporary order enforces a stop trading order to the following individuals and companies: Jason Wong, David Watson, Nathan Rogers, Amy Giles, John Sparrow, Kervin Findley, Leasesmart, Advance Growing Systems, Pharm Control, The Bighub, Universal Seismic, Pocketop, Asia Telecom, International Energy, Cambridge Resources, NutriOne Corporation and Select American Transfer.
Cambridge Resources, its Officers, Directors and Affiliates have not received notice by the Ontario Securities Commission nor any other authorities and are not and have not been involved in any of the alleged activities. In addition, Cambridge Resources has changed its transfer agent to Fairross Stock Transfer Company and has fully audited the records held with Fairross Stock Transfer and said audit was satisfactory.
Cambridge Resources, its Officers, Directors and Affiliates will cooperate fully with the investigation and hearing of the Ontario Securities Commission.
The closing of the financing may be delayed until conclusion of the investigation and hearing of the Ontario Securities Commission.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Alex Barta
Investor Relations
514-991-2272
abarta@cambridgeresourcescorp.com
GNLM - General Metals Corp. Amends Record Date of May 22, 2007 for 11:10 Forward Split Until After the Annual & Special General Meeting in June
Record for Voting Remains Same
May 25, 2007 1:40:00 PM
RENO, NV -- (MARKET WIRE) -- 05/25/07 -- General Metals Corporation (OTCBB: GNLM) (FRANKFURT: GMQ) on May 10, 2007 announced that it has set a record date of May 22, 2007 for its upcoming annual and special general meeting of shareholders scheduled to be held on June 29, 2007 in Reno, Nevada. A 14(a) proxy statement will be sent to shareholders of record.
The Company also previously set the record date of May 22, 2007 for shareholders of record to participate in the proposed 11:10 forward stock split which is anticipated to be approved at the annual and special general meeting scheduled for June 29, 2007. The effective date of the forward split will be shortly after its anticipated approval at the annual and special general meeting. Therefore, the Board has resolved that the new record date for the 11:10 forward split will be Monday, July 2, 2007, after receiving the anticipated shareholder approval at the meeting.
This new date allows for the interested European investors, who will be contacted on the Company's trip to Germany in mid June and our presentation at the London Stock Exchange on June 22, 2007, to participate.
The Company has been fortunate to have raised an additional $375,000 or so by way of Private Placement, Warrant exercise and debt conversion. An 8-K will be filed accordingly.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding the actual date of the annual and special general meeting and the approval of the forward stock split.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Steve Parent
President & CEO
General Metals Corporation
generalmetals@hotmail.com
775.686.6078 office
775.721.6428 cell
European Contact:
Aspen Agency Limited
+011-44-870-479-3351
info@aspenagency.eu
NVRS to NVAR to FXPE
13:56 01/11/2007 NVRS Nova Resources, Inc. Common Stock NVAR Nova Resources, Inc. New Common Stock 6-1 F/S; Payable upon Surrender of Certificates
13:37 02/05/2007 NVAR Nova Resources, Inc. New Common Stock FXPE Fox Petroleum Inc. Common Stock **
Fox Petroleum Signs $8 Million Financing Agreement
May 25, 2007 12:21:00 PM
Copyright Business Wire 2007
LONDON--(BUSINESS WIRE)--
Fox Petroleum Inc. (NASD OTC BB: FXPE) (hereafter "FOX") has signed an $8,000,000 financing agreement with Swiss based investor, EuroEnergy Growth Capital S.A. The financing agreement is an equity investment and does not include any debt financing. The financing agreement also includes the option to secure a further $5,000,000 in equity which would bring the total value of the financing agreement to $13 million in equity investment. Fox Petroleum currently has no debt obligations and no debt financing.
Capital Expenditures for Exploration
To date, Fox has received $2,000,000 ($2 Million) for the purpose of advancing exploration plans for the Company's various projects.
"We are very excited to have signed a financing agreement and to have raised this capital. The initial $2 Million received will allow us to advance our current projects significantly." said Alex Craven, Fox's VP Finance. "Now, in addition to continuing our already existing exploration activities, we can also expand as needed to fully exploit the oil and gas potential of our projects while knowing we have the capital available based on our needs for the long term growth of the company."
The securities offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements.
About Fox Petroleum
Fox Petroleum Inc. is an Oil and Gas Exploration company headquartered in London, England, the financial capital of Europe. Fox's Petroleum Inc has signed an agreement to acquire approximately 32,000 acres of prime land holdings in the North Slope of Alaska. The Company's shares are publicly traded on the NASD OTC BB under the ticker symbol FXPE.
GO TO http://www.foxpetro.com/ and sign up TODAY to get breaking news direct to your desktop as it becomes available.
On behalf of the Board of Directors
FOX PETROLEUM INC.
Alex Craven,
VP Finance
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Fox Petroleum Inc. can identify and successfully negotiate leases for oil and gas properties, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the US Securities and Exchange Commission.
Source: Fox Petroleum Inc.
----------------------------------------------
Fox Petroleum Inc.
Alex Craven
VP Finance
Investor Relations
Toll Free: 1-888-FOX-4744 (1-888-369-4744)
Email: ir@foxpetro.com
Website: www.foxpertro.com
Well this one is worth watching as stated...
"These acquisitions will provide a major growth opportunity for Graymark and a substantial increase in revenues"
GRMK...
one to watch, out of movies into Medical Industry
(.30 x .75)
Shares Outstanding: 8.74M
Float: 2.82M
Graymark Productions Signs Letter of Intent to Acquire Two Companies in the Medical Industry
May 24, 2007 12:32:00 PM
Copyright Business Wire 2007
OKLAHOMA CITY--(BUSINESS WIRE)--
Graymark Productions Inc. (OTCBB:GRMK), announced today that it has entered into a Letter of Intent to acquire Apothecary RX LLC., and Sleep Holdings, LLC. The acquisitions involve exchanging Graymark common stock for the ownership interests in the two companies. The acquisitions are contingent on further due diligence by Graymark and the signing of a definitive exchange agreement.
Apothecary RX LLC owns and operates eight independent pharmacies located in Missouri, Minnesota, and Oklahoma. Sleep Holdings LLC owns and operates seven state-of-the-art sleep centers that diagnose and treat a full range of sleep disorders ranging from insomnia to obstructive sleep apnea. The centers are located in Oklahoma and Texas. Controlling interests in both companies are held by Roy T. Oliver, one of Graymark's principal shareholders, and Stanton Nelson, a Director of Graymark.
Upon closing of the transactions, Graymark Productions will change its focus from motion picture production to the operation and management of medical-related companies. Graymark hopes to close the acquisitions within the next few months.
John Simonelli, Chairman and CEO of Graymark Productions Inc., stated, "We look forward to this change of direction for Graymark. These acquisitions will provide a major growth opportunity for Graymark and a substantial increase in revenues, which are anticipated to move the Company into profitability."
This press release may contain forward-looking statements which are based on the Company's current expectations, forecasts and assumptions. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, including those enumerated and described in the Company's filings with the Securities and Exchange Commission, which filings are available on the SEC's website at www.sec.gov. Unless otherwise required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Graymark Productions Inc.
----------------------------------------------
Graymark Productions Inc.
Oklahoma City
John Simonelli
405-601-5300
CTUM - CSMG Technologies Forms Five Subsidiaries Under Live Tissue Connect, Inc.
May 24, 2007 10:43:00 AM
Copyright Business Wire 2007
CORPUS CHRISTI, Texas--(BUSINESS WIRE)--
CSMG Technologies, Inc., (OTC Bulletin Board: CTUM) a technology management company, announced today it has formed five medical procedure specific subsidiaries wholly owned by its Live Tissue Connect, Inc. subsidiary .
The subsidiaries are being established for: Gynecology and General Surgery (GSG Medical Group), Orthopedics & Arthroscopy (Orthopedic Tissue Sciences), Colon Rectal Surgeries (Colorectal Connection Management), Pulmonary/lung (Pulmonary Sealing Sciences) and Urology (Urological Tissue Welding).
Donald S. Robbins, president and CEO of CSMG, said, "For some time we have been working toward isolating procedures and products for specific medical specializations. Now that we are completing final development of commercial instruments, design and electro surgery generator. With FDA filings immanent we are attracting interest from many qualified medical device companies and distributors who want to represent, license or market some area of the LTC product. We have thus far identified 12 specific procedure divisions but will establish the first five that are closest to product and market completion. Each of the LTC wholly owned subsidiaries represents a unique manufacturing, marketing or licensing opportunity under the LTC banner. This is truly a major commercial milestone for our company and I believe this approach adds considerable value to the company."
LTC's Frank D'Amelio added, "With a divisional, subsidiary structure we can leverage LTC's R&D developments across multiple medical disciplines. For example, the R&D effort that went into the development of a sealing device for gynecological arteries and veins can be leveraged into a similar acting device (though most likely different in shape/size) for Urological procedures. This structure allows potential partners to select surgical specialties where they have strong physician relationships and pre-existing distribution channels and discuss with LTC sales/marketing of LTC's unique bipolar products within such specialties."
CSMG owns the technology and exclusive world rights to the live tissue bonding device through Live Tissue Connect, Inc., a subsidiary corporation formed for the development and exploitation of the platform technology.
LTC expects to complete hand instruments, electrocautery generator and other electrosurgery components for the duct and vessel sealing system, meeting FDA and European CE Mark requirements, respectively. They also expect to start filing for approval of these devices with regulatory entities in early 2007.
About CSMG Technologies' Tissue Welding/Bonding Technology
The LTC tissue bonding / welding device is a platform technology that bonds and reconnects living soft biological tissue through fusion without the use of foreign matter in contrast with conventional wound closing devices such as sutures, staples, sealant, or glues.
Surgeons at 27 Ukraine hospitals and clinics are using the tissue welding/bonding technology in clinical trials. They have completed more than 7,000 human surgeries using more than 80 types of open and laparoscopic surgical procedures, demonstrating the technology is universal in its ability to repair soft biological tissue. These surgeries included lung, neuro-surgery, nasal septum, intestine, stomach, skin, gall bladder, liver, spleen, blood vessels, nerves, alba linea, uterus, bladder, gynecological, fallopian tube, ovary and testicles and dura-matter. Cosmetic surgeries conducted with this technology include breast reduction, breast implants, mastopexy and abdominoplasty. The procedure involves little or no scarring, while restoring the normal function of the body organ or tissue.
The technology was invented and developed at the internationally renowned E.O. Paton Institute of Electric Welding, National Academy of Sciences of Ukraine, Kiev, Ukraine, headed by Professor B.E. Paton. U.S., Australian, Canadian and European Union patents have been issued, and additional U.S. and foreign patents are pending, all owned by LTC.
About CSMG Technologies, Inc.
CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the Ukraine through a network of scientific institutes and private organizations. CSMG is focused on two primary subsidiaries, Live Tissue Connect, Inc. and landfill gas processing.
For further information on CSMG Technologies and its various subsidiaries, please visit our website at www.ctum.com.
Sign up to receive CSMG Technologies automated email press releases and other notifications: Please go to http://www.ctum.com/contact_information.html and fill-in information.
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Source: CSMG Technologies, Inc.
----------------------------------------------
CSMG Technologies
Inc.
Donald S. Robbins
President and CEO
361-887-7546
or
K. Bruce Jones
770-955-0409
or
ROI Group Associates
Inc.
Michael Dodge
212-495-0744
mdodge@roiny.com
or
Bob Giordano
212-495-0201
SHDG - Agreement for Biochemical Defense System
May 24, 2007 9:15:00 AM
CARY, NC -- (MARKET WIRE) -- 05/24/07 -- Shine Holdings, Inc. (PINKSHEETS: SHDG) announces it has executed a formal letter of intent to enter into an agreement to license its Biochemical Defense System(TM) to U.S. BioDefense, Inc., a Department of Defense Central Contractor developing homeland security and leading-edge biotechnologies.
Under the agreement, U.S. BioDefense expects to secure an exclusive licensing agreement from Shine Holdings for an annual fee of $100,000. The technology focuses on safeguarding domestic water supplies from potential bioweapons agents such as anthrax, botulism, tularemia, and viral hemorrhagic fevers (VHFs).
Full terms of the agreement are currently not disclosed as both firms will evaluate the technology and its potential on an ongoing basis in both laboratory analysis and the marketplace.
"We are confident that this development heralds significant potential. We look forward to working together with U.S. BioDefense to help them tap into a $400 billion industry," said Brett Swailes, CEO of Shine Holdings.
About Shine Holdings, Inc.
Headquartered in Cary, North Carolina, Shine Holdings has a core focus of creating patented technologies for sale and licensing so as to provide shareholders with capital appreciation and income. Its global mission is to create a legacy in water processing by efficiently restoring clean, pure water for drinking, agriculture, and aquaculture. Company website at: http://www.shine-holdings.com/index.htm
About U.S. BioDefense, Inc.
U.S. BioDefense is a Department of Defense Central Contractor that researches, develops, and commercializes homeland security and leading-edge biotechnologies. U.S. BioDefense is focused on transferring, researching, and commercializing groundbreaking technologies from Universities, Research Labs, Fortune 500 Companies, and Government Agencies. Through its subsidiary Emergency Disaster Systems (EDS), the company operates its Emergency Preparedness Program as part of its Homeland Security division. U.S. BioDefense is focused on developing EDS as an industry leader in the disaster mitigation and preparedness arena, an underserved market that could see consumer spending of over 24 billion dollars in 2007.
Forward-Looking Statements
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs and as further set forth in our public filings filed with the Commission and our press releases.
Contact:
Shine Holdings, Inc.
Investor Relations
919-654-3014
TZMT - Telzuit Medical Technologies: Director Provides Loan to the Company to Build Inventory
May 24, 2007 8:55:00 AM
ORLANDO, FL -- (MARKET WIRE) -- 05/24/07 -- Michael Vosch, an officer and director of Telzuit (OTCBB: TZMT), has loaned the Company approximately $220,000 so that Telzuit can build adequate product inventory. Mr. Vosch sold 3 million shares of stock in a private transaction and loaned the net proceeds to the Company.
About Telzuit Medical Technologies, Inc.
Telzuit Medical Technologies, Inc. is dedicated to providing advanced mobile medicine to patients. The STATPATCH System is a full 12-lead, completely wireless Holter monitor. The STATPATCH System has been approved by the FDA under a 510-K filing. Telzuit also provides ultrasound medical imaging services to physicians in Central Florida through six mobile imaging units. Telzuit is based in Orlando. For more information about Telzuit, its business model and its products, please visit the Company's web site: http//:www.telzuit.com
Forward-Looking Statements: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the health products industry, customer acceptance of products, and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Telzuit results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Telzuit undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
Contact:
Jerry Balter
Chief Financial Officer
Telzuit Medical Technologies, Inc
407-354-1222
MITI - Micromet and Nycomed Enter Into Exclusive Worldwide Collaboration to Develop and Commercialize Anti-GM-CSF Antibodies for the Treatment of Inflammatory and Autoimmune Diseases
May 24, 2007 8:04:00 AM
BETHESDA, Md., and ROSKILDE, Denmark, May 24 /PRNewswire-FirstCall/ -- Micromet, Inc. (Nasdaq: MITI) and Nycomed today announced an agreement under which the two companies will collaborate on the development of anti-GM-CSF antibodies that may be useful for the treatment of inflammatory and autoimmune diseases. The lead product candidate in the collaboration is Micromet's MT203, a human antibody which neutralizes granulocyte macrophage colony-stimulating factor (GM-CSF), a cytokine known to play a significant role in autoimmune and inflammatory disease. Preclinical studies performed by Micromet support the development and evaluation of MT203 for the treatment of rheumatoid arthritis, multiple sclerosis, psoriasis, asthma and chronic obstructive pulmonary disease. MT203 is expected to enter clinical trials in 2008.
Under the terms of the agreement, Micromet will receive an upfront license fee of euro 5 million (approximately $7 million), and is eligible to receive R&D reimbursements and payments upon the achievement of development milestones of more than euro 120 million (approximately $160 million) in the aggregate. In addition, Micromet is eligible for royalties on worldwide sales of MT203 and other products that may be developed under the agreement. Micromet will be primarily responsible for performing preclinical development, process development and manufacturing of MT203 for early clinical trials, whereas Nycomed will be responsible for clinical development and commercialization on a worldwide basis. Nycomed will bear the cost of development activities and reimburse Micromet for its expenses incurred in connection with the development program.
"We are delighted to enter into a collaboration for the development of MT203 with our new partner Nycomed. We are excited about this collaboration as both parties' expertise and capabilities complement each other," said Christian Itin, President and Chief Executive Officer of Micromet.
"Neutralizing GM-CSF presents a new biology concept in inflammatory processes and may have the potential to improve the lives of patients suffering from severe chronic inflammatory and autoimmune diseases. Furthermore, this deal is the first example of Nycomed's strong commitment towards external collaborations across all development stages as a key component of our new R&D strategy. MT203 also highlights our strategic interest in inflammatory research," said Anders Ullman, Executive Vice President R&D of Nycomed.
About Nycomed (http://www.nycomed.com)
Nycomed is a pharmaceutical group which provides products for hospitals, specialists and general practitioners, as well as over-the-counter medicines in selected markets. The company is active within a range of therapeutic areas, including cardiology, gastroenterology, Osteoporosis, respiratory, pain and tissue management. New products are sourced both from own research and from external partners. Operating throughout Europe and in fast-growing markets such as Latin America, Russia/CIS and the Asia-Pacific region Nycomed has a presence in about 50 markets worldwide. Privately owned, the combined group had non-audited estimated annual sales of approximately euro 3.4 billion and an EBITDA of euro 933.4 million (2006 results).
About Micromet, Inc. (http://www.micromet-inc.com)
Micromet, Inc. is a biopharmaceutical company focusing on the development of novel, proprietary antibody-based products for cancer, inflammatory and autoimmune diseases. Two product candidates are currently in clinical trials. MT103/MEDI-538, which is the first product candidate based on Micromet's novel BiTE(R) product development platform, is being evaluated in a phase 1 clinical trial for the treatment of patients with non-Hodgkins lymphoma. The BiTE product development platform is based on a unique, antibody-based format that leverages the cytotoxic potential of T cells, widely recognized as the most powerful 'killer cells' of the human immune system. Adecatumumab (MT201), a recombinant human monoclonal antibody which targets EpCAM expressing tumors, has completed two phase 2a clinical trials, one in patients with breast cancer and the other in patients with prostate cancer. In addition, a phase 1b trial evaluating the safety and tolerability of MT201 in combination with docetaxel is currently ongoing in patients with metastatic breast cancer. Micromet has established collaborations with MedImmune, Inc. for MT103/MEDI-538 and Merck Serono for adecatumumab (MT201).
Forward-Looking Statements
For Micromet:
This release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements include statements regarding the intended utilization of product candidates, the conduct and results of future clinical trials, plans regarding regulatory filings, future research, discovery of new product candidates, and clinical trials, and partnering activities. Factors that may cause actual results to differ materially include the risk that product candidates that appeared promising in early research and clinical trials do not demonstrate safety and/or efficacy in larger-scale or later clinical trials, the risks associated with regulatory processes, the risks associated with reliance on outside financing to meet capital requirements, and the risks associated with reliance on collaborative partners for future revenues under the terms of its existing collaboration agreements, and for further pre-clinical and clinical studies, development and commercialization of product candidates. You are urged to consider statements that include the words "appear," "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plans," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words or other comparable words to be uncertain and forward-looking. These factors and others are more fully discussed in Micromet's periodic reports and other filings with the SEC, including the "Risk Factors" sections of such reports.
Any forward-looking statements are made pursuant to Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, speak only as of the date made. Micromet undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Micromet, Inc.
----------------------------------------------
Chris Schnittker
SVP & CFO
+1-240-752-1421
christopher.schnittker@micromet-inc.com
or Investors
Susan Noonan
+1-212-966-3650
susan@sanoonan.com
or Media
Pat Garrison
+1-917-322-2567
pgarrison@rxir.com
all of Micromet
Inc.; or Christoffer Jensen
VP Communications of Nycomed
+45-46-77-11-12
or cell
+45-22-43-69-44
UTZE - PhoneBrasil Inc. Announces near Completion of Reverse Merger with UTZ Technologies, Inc.
May 23, 2007 10:06:00 AM
Copyright Business Wire 2007
CORAL SPRINGS, Fla.--(BUSINESS WIRE)--
UTZ Technologies, Inc. (Pink Sheets:UTZE) updates the investing community. PhoneBrasil, Inc. today confirmed the near completion of a reverse merger with publicly traded UTZ Technologies, Inc., and further announced that the merged entity would soon operate under the name PhoneBrasil International Inc.
President of UTZ Technologies Dennis Curtis stated, "In furtherance of the agreement between UTZE and PhoneBrasil, we have already filed and will soon be announcing the amended certificate to finalize the name change, symbol and cusip. The new cusip number for PhoneBrasil International Inc. is 71921A104. I would also like to welcome PhoneBrasil's upper management team and the fact that they will be coming on board after the reverse merger is completed. The management team includes President and CEO of PhoneBrasil Inc., Anderson Alves Dias, CFO Luis Cesar Busch Ziliotto, and Director Patricia Maris Mendes."
A UTZE company representative commented, "As a result of the reverse merger Dennis Curtis will continue as a director and advisor to the new company `PhoneBrasil International Inc.' and Anderson Alves Dias will become the new President and CEO."
CEO Anderson Alves Dias of PhoneBrasil commented, "I look to rapidly build shareholder value through strategic plans that have been put into place for the new PhoneBrasil International Inc."
PhoneBrasil is an American based company specializing in Hybrid VOIP Technology for the International market.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as UTZE or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Source: UTZ Technologies, Inc.
----------------------------------------------
UTZ Technologies
Inc.
Coral Springs
Dennis Curtis
President
754-366-2171
utzeir@yahoo.com
EWIN - eWorld Interactive, Inc.: Proctor and Gamble Sees Next Top Branding Opportunity in "China's Next Top Model"
May 23, 2007 9:21:00 AM
SHANGHAI, CHINA -- (MARKET WIRE) -- 05/23/07 -- MOJO Media Works, a subsidiary of eWorld Interactive (OTCBB: EWIN), is pleased to announce that Proctor and Gamble ("P&G") has signed on as Title sponsor for "China's Next Top Model" in a deal worth RMB 8.5 million (over US$1 million). P&G's Pantene brand will enjoy top placement in the production's China debut next month.
P&G also has the right of first refusal to place additional brands in multiple other advertising slots built into the show's revenue model. P&G global brands include Cover Girl and Olay, which have made successful pushes into the Chinese market.
"China's Next Top Model" enters the growing Chinese media market as a result of a production and distribution agreement between MOJO and CBSParamount. MOJO's parent company, eWorld Interactive, also holds exclusive rights for related online content and interactive applications in Mainland China.
The sponsorship deal is a perfect match for top global brands P&G and "Next Top Model".
According to a FORTUNE article (Dec 12, 2005), P&G has long held the China leadership position in the broadly defined cosmetics and toiletries industry, partly because its shampoos (Rejoice, Head & Shoulders, and Pantene) hold the top three hair-care positions in the market. P&G hauls in more than $2 billion in annual sales in China - roughly 70% of that from hair and skin products.
As for the "Next Top Model" phenomena, the original series "America's Next Top Model", created by supermodel Tyra Banks and now in its 9th cycle, ranks #1 in international television series sales. MOJO is the exclusive producer and distributor for the localized version "China's Next Top Model."
"We couldn't ask for a better sponsor for the China's Next Top Model production," said MOJO Managing Director Kin Mak. "It is especially exciting as the P&G deal covers not only traditional broadcast but also ancillary placements reaching into the online world via our www.17dian.cn portal. Major sponsors are really getting behind the new ad models emerging in China."
MOJO's technical strength brings additional advertising opportunities.
As a division of eWorld Interactive (OTCBB: EWIN), MOJO is utilizing the parent company's strength in technology development to create innovative media features that are attractive to major advertisers like P&G. For example, China's Next Top Model will feature weekly online talk shows, a webcast, an interactive fan site, online product placement and unique merchandising opportunities.
ON BEHALF OF THE BOARD
Guy Peckham, CEO, eWorld Interactive, Inc.
About eWorld:
eWorld Interactive is a second-generation media and entertainment portal in Mainland China and other Asian markets. The company has assembled a portfolio of multi-media content and applications that provide advertising access to a large customer base in the region. eWorld is a compelling place for individuals to interact with top media franchises as well as create and share their videos, photos, music, and online experiences. Offline products and video production capabilities allow the company to create higher value offerings to content providers and sponsors.
This press release contains forward-looking statements which are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in such. Although we believe the expectations reflected in our statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. This news release has been prepared by management of the Company who takes full responsibility for its contents. No regulatory authorities either reviewed or approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contacts:
eWorld Interactive, Inc.
Guy Peckham
CEO
+86 (138) 1613 5001
Website: www.eworldchina.cn
EWIN - eWorld Interactive, Inc.: Proctor and Gamble Sees Next Top Branding Opportunity in "China's Next Top Model"
May 23, 2007 9:21:00 AM
SHANGHAI, CHINA -- (MARKET WIRE) -- 05/23/07 -- MOJO Media Works, a subsidiary of eWorld Interactive (OTCBB: EWIN), is pleased to announce that Proctor and Gamble ("P&G") has signed on as Title sponsor for "China's Next Top Model" in a deal worth RMB 8.5 million (over US$1 million). P&G's Pantene brand will enjoy top placement in the production's China debut next month.
P&G also has the right of first refusal to place additional brands in multiple other advertising slots built into the show's revenue model. P&G global brands include Cover Girl and Olay, which have made successful pushes into the Chinese market.
"China's Next Top Model" enters the growing Chinese media market as a result of a production and distribution agreement between MOJO and CBSParamount. MOJO's parent company, eWorld Interactive, also holds exclusive rights for related online content and interactive applications in Mainland China.
The sponsorship deal is a perfect match for top global brands P&G and "Next Top Model".
According to a FORTUNE article (Dec 12, 2005), P&G has long held the China leadership position in the broadly defined cosmetics and toiletries industry, partly because its shampoos (Rejoice, Head & Shoulders, and Pantene) hold the top three hair-care positions in the market. P&G hauls in more than $2 billion in annual sales in China - roughly 70% of that from hair and skin products.
As for the "Next Top Model" phenomena, the original series "America's Next Top Model", created by supermodel Tyra Banks and now in its 9th cycle, ranks #1 in international television series sales. MOJO is the exclusive producer and distributor for the localized version "China's Next Top Model."
"We couldn't ask for a better sponsor for the China's Next Top Model production," said MOJO Managing Director Kin Mak. "It is especially exciting as the P&G deal covers not only traditional broadcast but also ancillary placements reaching into the online world via our www.17dian.cn portal. Major sponsors are really getting behind the new ad models emerging in China."
MOJO's technical strength brings additional advertising opportunities.
As a division of eWorld Interactive (OTCBB: EWIN), MOJO is utilizing the parent company's strength in technology development to create innovative media features that are attractive to major advertisers like P&G. For example, China's Next Top Model will feature weekly online talk shows, a webcast, an interactive fan site, online product placement and unique merchandising opportunities.
ON BEHALF OF THE BOARD
Guy Peckham, CEO, eWorld Interactive, Inc.
About eWorld:
eWorld Interactive is a second-generation media and entertainment portal in Mainland China and other Asian markets. The company has assembled a portfolio of multi-media content and applications that provide advertising access to a large customer base in the region. eWorld is a compelling place for individuals to interact with top media franchises as well as create and share their videos, photos, music, and online experiences. Offline products and video production capabilities allow the company to create higher value offerings to content providers and sponsors.
This press release contains forward-looking statements which are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in such. Although we believe the expectations reflected in our statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. This news release has been prepared by management of the Company who takes full responsibility for its contents. No regulatory authorities either reviewed or approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contacts:
eWorld Interactive, Inc.
Guy Peckham
CEO
+86 (138) 1613 5001
Website: www.eworldchina.cn
SIGN up 42% last 2.50 ask 3.00
fyi NVEA...
... 4 for 1 F/S...
(was VEND, Current Capital Change:
shs decreased by 1 for 100 split
Pay Date: 2007-04-03 )
(Level 2 is wild)
NVEA -- Nouveau International, Inc.
Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Nouveau International Inc. to Change Name to My Screen Mobile Inc.
TORONTO, Apr 13, 2007 (PrimeNewswire via COMTEX) -- Nouveau International Inc. (Pink Sheets:NVEA) will change its corporate name to My Screen Mobile, Inc. to further reflect the new focus of the corporation's activities going forward. In addition the company will be filing a 4 for 1 forward split of the company's common shares.
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Nouveau International, Inc. reports that will be on file with the U.S. Securities and Exchange Commission.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Nouveau International, Inc.
By Staff
CONTACT: Nouveau International Inc.
Terrence Rodrigues
647-885-6470
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
-0-
SUBJECT CODE: STOCK NEWS
Restructuring Recapitalization
Stock Market News
SPAN - Span-America Key Dates for $5.00 Per Share Special Cash Dividend
RECORD DATE MAY 23, 2007 PAYMENT DATE JUNE 6, 2007 EX-DIVIDEND DATE JUNE 7, 2007
May 22, 2007 1:20:00 PM
Copyright Business Wire 2007
GREENVILLE, S.C.--(BUSINESS WIRE)--
Span-America Medical Systems, Inc. (NASDAQ: SPAN) has declared a special, one-time cash dividend of $5.00 per share to shareholders of record on May 23, 2007. The payment date for the dividend is June 6, 2007. The special dividend is in addition to the regular quarterly dividend of $0.08 per share, which has the same record and payment dates.
Span-America's common stock will begin trading on an ex-dividend basis for the $5.00 per share special dividend on June 7, 2007, the day after the payment date, in accordance with NASDAQ listing rules. Shareholders who sell their shares on or before the payment date of June 6, 2007, will also be selling their right to receive the special dividend. Shareholders are advised to contact their financial advisor before selling their shares.
About Span-America Medical Systems, Inc.
Span-America manufactures and markets a comprehensive selection of pressure management products for the medical market, including Geo-Matt(R), PressureGuard(R), Geo-Mattress(R), Span+Aids(R), Isch-Dish(R), and Selan(R) products. The Company also supplies custom foam and packaging products to the consumer and industrial markets. Span-America's stock is traded on The NASDAQ Global Market under the symbol "SPAN." For more information, visit www.spanamerica.com.
Source: Span-America Medical Systems, Inc.
----------------------------------------------
Span-America Medical Systems
Inc.
Jim Ferguson
864-288-8877 ext. 6912
ECSI...
We approved amendment our Articles of Incorporation to effect a 3-for-1 forward stock split of our issued and outstanding Common Stock
Shareholders of record at the close of business on May 28, 2007, the Record Date, are entitled to notice of the action to be effective on or about June 5, 2007
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
The actions to be effective twenty days after the mailing of this Information Statement are as follows:
(1) We approved amendment our Articles of Incorporation to change our name to Clarity MD, Inc.; and
(2) Three members were elected to the Company's Board of Directors to hold office until the Company's Annual Meeting of Stockholders in 2008 or until his successor is duly elected and qualified; and
(3) The appointment of Meyler & Company LLC as the Company's independent certified public accountants was ratified; and
(4) The Company’s 2007 Stock Option Plan was ratified; and
(5) We approved amendment our Articles of Incorporation to effect a 3-for-1 forward stock split of our issued and outstanding Common Stock
(6) We approved amendment our Articles of Incorporation to include a Preferred Stock, $0.001 par value per share with such rights and preferences as designated by the Board of Directors.
yep
SECURITY ADDITIONS ...
from OTCBB to pinks
(yowza)
Updated Symbol Company Name Effective Date/Comments
13:51 ADMH Admiralty Holding Company Common Stock 5/22/2007 From BB (ADMHE)**
13:51 AEXG Amerex Group, Inc. Common Stock 5/22/2007 From BB (AEXGE)**
13:51 ASPR Adsouth Partners, Inc. Common Stock 5/22/2007 From BB (ASPRE)**
13:51 AVTO Avantogen Oncology, Inc. Common Stock 5/22/2007 From BB (AVTOE)**
13:51 BNRJF Benton Res Corp Common Shares (Canada) 5/22/2007
13:51 CANM Caneum, Inc. Common Stock 5/22/2007 From BB (CANME)**
13:51 CHMS China Mobility Solutions, Inc. Common Stock 5/22/2007 From BB (CHMSE)**
13:51 CIGI Coach Industries Group, Inc. Common Stock 5/22/2007 From BB (CIGIE)**
13:51 CRVU CorVu Corporation Common Stock 5/22/2007 From BB (CRVU)**
13:51 CTHH Catcher Holdings, Inc. Common Stock 5/22/2007 From BB (CTHHE)**
13:51 DDSU DDS Technologies USA, Inc. Common Stock 5/22/2007 From BB (DDSUE)**
13:51 ELCO Elcom International, Inc. Common Stock 5/22/2007 From BB (ELCOE)**
13:51 EMFP EMERGENCY FILTRATION PRODUCTS Common Stock 5/22/2007 From BB (EMFPE)**
13:51 ESHEQ EarthShell Corporation Common Stock 5/22/2007 From BB (ESHQE)**
13:51 FOFH Forefront Holdings, Inc. Common Stock 5/22/2007 From BB (FOFHE)**
13:51 GAMT Global Entertainment Holdings/Equities, Inc. Common Stock 5/22/2007 From BB (GAMTE)**
13:51 GBMR Global Matrechs, Inc. Common Stock 5/22/2007 From BB (GBMRE)**
13:51 GENG Global Energy Group, Inc. Common Stock 5/22/2007 From BB (GENGE)**
13:51 GLMA Glassmaster Company Common Stock 5/22/2007 From BB (GLMAE)**
13:51 GPMIJ Gray Publishing and Media Inc Del Common shares 5/22/2007
13:51 GRPK Gray Peaks, Inc. Common Stock 5/22/2007 From BB (GRPKE)**
13:51 GRWW Greens Worldwide Incorporated Common Stock 5/22/2007 From BB (GRWWE)**
13:51 HESG Health Sciences Group, Inc. Common Stock 5/22/2007 From BB (HESGE)**
13:51 HLEG Headliners Entertainment Group, Inc. Common Stock 5/22/2007 From BB (HLEGE)**
13:51 IACH Information Architects Corporation Common Stock 5/22/2007 From BB (IACHE)**
13:51 ISMN IFSA Strongman, Inc. Common Stock 5/22/2007 From BB (ISMNE)**
13:51 ITOU In Touch Media Group, Inc. Common Stock 5/22/2007 From BB (ITOUE)**
13:51 ITYS International Technology Systems, Inc. Common Stock 5/22/2007 From BB (ITYSE)**
13:51 IVPC Inverted Paradigms Corporation Common Stock 5/22/2007 From BB (IVPCE)**
13:51 LOGE Long-e International, Inc. Common Stock 5/22/2007 From BB (LOGEE)**
13:51 MHLX microHelix, Inc. Common Stock 5/22/2007 From BB (MHLXE)**
13:51 MIGA Migami, Inc. Common Stock 5/22/2007 From BB (MIGAE)**
13:51 MOAT Castleguard Energy, Inc. Common Stock 5/22/2007 From BB (MOATE)**
13:51 MRDG Miracor Diagnostics, Inc. Common Stock 5/22/2007 From BB (MRDGE)**
13:51 OIVO One IP Voice, Inc. Common Stock 5/22/2007 From BB (OIVOE)**
13:51 OTCI Ortec International, Inc. Common Stock 5/22/2007 From BB (OTCIE)**
13:51 PDIV Premier Development & Investment, Inc. Class A Common Stock 5/22/2007 From BB (PDIVE)**
13:51 PDVG Pride Business Development Holdings, Inc. Common Stock 5/22/2007 From BB (PDVGE)**
13:51 PNOT Path 1 Network Technologies, Inc. New Common Stock 5/22/2007 From BB (PNOTE)**
13:51 RAFI Regency Affiliates Inc Common Stock 5/22/2007 From BB (RAFIE)**
13:51 RPDAF RP Data Ltd Ordinary Shares (Australia) 5/22/2007
13:51 SFIN Safetek International, Inc. Common Stock 5/22/2007 From BB (SFINE)**
13:51 SNSAY Stolt-Nielsen S.A. American Depositary Shares 5/22/2007 From Q (SNSA)
13:51 SRGL SurgiLight, Inc. Common Stock 5/22/2007 From BB (SRGLE)**
13:51 SYUP Shanghai Yutong Pharma, Inc. Common Stock 5/22/2007 From BB (SYUPE)**
13:51 TCLL Tricell, Inc. Common Stock 5/22/2007 From BB (TCLLE)**
13:51 TLYH Tally-Ho Ventures, Inc. Common Stock 5/22/2007 From BB (TLYHE)**
13:51 TOFS 247MGI, Inc. Common Stock 5/22/2007 From BB (TOFSE)**
13:51 TRINQ Trinsic, Inc. Common Stock 5/22/2007 From BB (TRIQE)**
13:51 TRYT Trinity3 Corporation Common Stock 5/22/2007 From BB (TRYTE)**
13:51 TSIX 360 Global Wine Company Common Stock 5/22/2007 From BB (TSIXE)**
13:51 VLDI Validian Corporation Common Stock 5/22/2007 From BB (VLDIE)**
13:51 WGLT WGL Entertainment Holdings, Inc. Common Stock 5/22/2007 From BB (WGLTE)**
13:51 WLKF Walker Financial Corporation Common Stock 5/22/2007 From BB (WLKFE)**
13:51 ZERO Save The World Air, Inc. Common Stock 5/22/2007 From BB (ZEROE)**
CYRR - Canary Resources and K C Clean Energy LLC Form Drilling Program for CBM Gas
Canary Resources Inc. (PINKSHEETS: CYRR) ("Canary") today announced that its wholly owned subsidiary Canary Operating Corporation has entered into an agreement for a joint venture Drilling Program with K C Clean Energy LLC which will participate on a turnkey cost basis. The first phase of the Drilling Program involves a commitment for 20 wells. Canary is to drill 16 new wells in which K C Clean Energy LLC will acquire a 50% working interest, and K C Clean Energy LLC will purchase a 50% working interest in 4 of Canary's existing wells. Canary will operate all 20 wells, and will retain a 50% working interest in them. Upon completion of the first phase of the Drilling Program, K C Clean Energy LLC has the right to participate in an additional phase for up to 20 more wells.
"Our agreement with K C Clean Energy enables Canary to speed up drilling and development of coal-bed methane gas in the Eastern Forest City Basin of Kansas and Missouri," explained William Chandler, Chief Executive Officer of Canary. "Our equipment and crews are on location, wells are permitted and Canary is starting to drill immediately," he said.
Canary recently completed construction of its wholly owned tap into the Southern Star Central Gas Pipeline in Kansas, and is finalizing the engineering and regulatory testing for the interconnect facility. Canary has 19 completed gas wells, presently shut-in pending pipeline connection, with 12 wells adjacent to its Southern Star interconnect. The 16 new wells to be drilled under the joint venture Drilling Program will also be located near the interconnect. Initial indications from the wells near the tap are positive: all have good gas shows and are expected to be productive wells. Hook-up of the wells is underway, and Canary expects to achieve commercial gas production, and start realizing transportation fees in the second quarter of 2007.
Canary Resources Inc. is independent Oil and Natural Gas Company engaged in the acquisition, exploitation, production and development of oil and natural gas properties in Johnson and Miami Counties, Kansas, and in Bates and Cass Counties, Missouri, for which it is the operator. Canary has offices in Houston, Texas, and Stilwell, Kansas.
Additional information on Canary Resources Inc. is available from: investors@canaryresources.com.
Or visit the Company's website at http://www.CanaryResources.com
Portions of this document include "forward-looking statements," which may be understood as any statement other than a statement of historical fact. Forward-looking statements contained in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential" and similar expressions. Actual results may vary materially from management's expectations and projections expressed in this document. Certain factors that can affect the Company's ability to achieve projected results include, among others, production variances from expectations, uncertainties about estimates of reserves, volatility of oil and gas prices, the need to develop and replace reserves, the substantial capital expenditures required to fund operations, environmental risks, drilling and operating risks, risks related to exploratory and development drilling, competition, government regulation and the ability of the Company to implement its business strategy.
Copyright 2007. All rights reserved Canary Resources Inc.
Image Available: http://www.marketwire.com/mw/frame_mw?attachid=495732
Additional information on Canary Resources Inc. is available from:
investors@canaryresources.com
Or visit the Company's website at http://www.CanaryResources.com
Source: Market Wire (May 21, 2007 - 9:35 AM EDT)
News by QuoteMedia
www.quotemedia.com
EESX - Eastern Exploration Corporation Signs Letter of Intent to Acquire Assets of MAX Entertainment Group SA
Eastern Exploration Corporation (OTCBB:EESX) (“Eastern”), a mineral exploration company, announced today that on May 17, 2007 it signed a Letter of Intent to purchase certain assets of MAX Entertainment Group SA (“MAX”) of Switzerland in an all-stock transaction.
Pursuant to the contemplated transaction, Eastern anticipates that it will, subject to the closing, acquire from MAX its intellectual property, the rights to market MAX’s entertainment and sporting programs in certain European countries, and the trade-marks, trade names, goodwill, contracts, and business associated with these assets (the “Acquired Assets”). In exchange for the Acquired Assets, Eastern shall issue to MAX and/or its shareholders, between 13 and 15 million shares of restricted common stock of Eastern, the final such number to be determined by negotiations between the parties. Eastern will also grant to MAX exclusive licenses to use the Acquired Assets and will assume certain liabilities of MAX.
The contemplated agreement is subject to due diligence being completed to the satisfaction of both Eastern and MAX and to the parties entering into a definitive agreement setting out the full terms of the acquisition. The Letter of Intent may be terminated on 30 day notice by either party.
About MAX
MAX is a Swiss Corporation engaged in the business of promoting and staging Ultimate Fighting-Style Events in Europe. For more information on MAX, interested parties can visit its website, www.maxfighters.com.
MAX stands for Martial Arts X-treme – a new discipline within the martial arts and is to be a development of Ultimate Fighting (USA) or a Mixed Martial Arts. MAX combines different forms of martial arts to create a new discipline. With a view to the anticipated forthcoming events, MAX has issued its own code of rules for MAX combat.
MAX intends to combine MAX style fighting with entertainment, event series, broadcasting in TV and DVD, music, games and the Internet. The key intended business activities are:
MAX event series with national and international championships.
TV broadcasts and reality shows with licenses in many countries in Europe. With the “MAX Martial Arts X-treme” reality series, broadcast on German television during 2006, MAX Entertainment has already begun initiating and producing TV concepts.
The merchandising of MAX’s own products, such as sports drinks, sports and casual clothing, video and DVD, music and computer games.
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 or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Eastern Exploration Corporation
Anthony Tai, President and CEO, 778-889-3091
or
MAX Entertainment Group SA
Daniel Kilian, President, +41 41 763-4848
d.kilian@max-finance.com
Source: Business Wire (May 18, 2007 - 8:00 PM EDT)
News by QuoteMedia
www.quotemedia.com
EESX, trading pre bell..2.70 x 2.75
BKYI - BIO-key Announces Sale of Fire Safety Division to NYSE Listed Company
New Liquidity Enables Greater Focus And Investment In Core Law Enforcement and Biometrics Business
May 21, 2007 7:30:00 AM
WALL, N.J., May 21 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in wireless public safety and finger-based biometric identification solutions, today announced that it has reached an agreement, subject to customary closing conditions, to sell its Fire Safety business for $7 million in cash. Proceeds from the transaction will be applied to repaying debt and will be used for working capital to expand the company's core Law Enforcement and Biometrics business. The purchaser is a world leader in public safety software solutions and is a division of a publicly traded New York Stock Exchange Company. The acquirer will be making a separate announcement on this purchase.
"The sale of our Fire Safety Division enables BIO-key to focus its resources on the Company's core business; developing unique applications for mobile and handheld devices used by law enforcement and public safety professionals and advanced biometric identification solutions," said Michael DePasquale, BIO-key's Chief Executive Officer. "We paid approximately $2 million dollars for the Fire Business in 2004 as part of the acquisition of the Mobile Government Division from Aether Systems. As a result of our investments in technology and customer service, we are proud of the value we created for our shareholders in the three years since we purchased this business. The sale of this non-strategic business will allow us to eliminate all our senior secured debt and provide the working capital to accelerate our efforts to develop new software that melds the best of our biometric and law enforcement businesses. With improved liquidity and a stronger balance sheet, we believe we are now also better positioned for strategic growth opportunities."
BIO-key plans on applying a portion of the sale proceeds to fully repaying its $4.3 million in convertible debt obligations. Additional detail on the transaction will be provided on BIO-key's first quarter 2007 earnings conference call as detailed below.
Conference Call Details
BIO-key has scheduled a call for Monday, May 21st at 9:00 a.m. Eastern Time to discuss first quarter 2007 financial results. Dialing 303-262-2125 and asking for the BIO-key call at least 10 minutes prior to the start time can access the conference call live. The conference call will also be broadcast live over the Internet by logging onto http://www.bio-key.com. A telephonic replay of the conference call will be available through May 29th, 2007 and may be accessed by dialing 303-590-3000 and using the pass code 11089929#. Additionally, an archive of the webcast will be available shortly after completion of the call on the Company's website (http://www.bio-key.com) for a period of three months.
About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 2,500 police, fire and emergency services departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for public safety worldwide. (http://www.bio-key.com)
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Media Contact: BIO-key International, Inc.
Bud Yanak
732-359-1113
Investor Contact: DRG&E
Gus Okwu, Managing Director
404-892-8178
SOURCE BIO-key International, Inc.
----------------------------------------------
Bud Yanak of BIO-key International
Inc.
+1-732-359-1113; or Gus Okwu
Managing Director of DRG&E
+1-404-892-8178
for BIO-key International
Inc.
cheese burger
HMIT
Hidalgo Mining International Embarks On The Multi-Billion Dollar Coal Mining Industry as It Begins Trading Under Symbol (HMIT). Geographical and Engineering Studies Confirm Three High-Grade Coal Seams on Site.
May 21, 2007 7:29:00 AM
Copyright Business Wire 2007
NEW YORK--(BUSINESS WIRE)--
Hidalgo Mining International (PINK SHEETS: HMIT), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that it has initiated trading under the symbol: (HMIT).
Hidalgo Mining embarks on the multi-billion dollar coal mining industry as it encompasses nearly 50,000 acres of coal properties located approximately 5 miles south of the border of Texas in Northern Mexico. The described property was targeted for initial operation as a result of its heightened quality of coal and its relative proximity to both the Mexican rail lines and power plants in Northern Mexico, where HMIT will target a large majority of its production sales. Utilizing such a property will reduce the conventional costs of delivering coal as it inherits logistical simplicity through its geographical location.
HMIT COAL PROPERTY STUDY
Extensive geological and engineering studies have been completed confirming three coal seams averaging 0.5-1.2 meters in thickness underneath 10 - 12 meters of overburden (the earth that covers the coal seam). The evaluation was completed in October of 2004 including over 400 rotary and cord drilled holes, with test mining concluded in 2006. Studies have additionally concluded that the coal assets located on site are of "high-grade" nature commonly labeled as Bituminous Coal, which is foreseen by the industry as a less common and more demanded level of coal.
HMIT intends to initiate "Phase 1" of its mining project upon the completion of funding that is anticipated to close during the later part of the present week. Funding would initiate the first phase of mining which would result in drastic revenue reception for the company as well as the initiation of a global marketing campaign to vend off the acquired coal assets.
ABOUT COAL MINING
Coal was one of man's earliest sources of heat and light. The Chinese were known to have dug it more than 3,000 years ago. The first recorded discovery of coal in this country was by French explorers on the Illinois River in 1679, with the earliest recorded commercial mining in the U.S. occurring near Richmond, Virginia, in 1750. In the nineteenth century, coal grew rapidly in demand as it became our most desired energy fuel source from 1850 to 1950.
Today, coal is the driver of a multi-billion dollar a year industry, accounting for over half of our electric power generation, supplying coke for the steel industry, and providing a source of foreign exchange as an export commodity.
At the time of writing, coal is utilized to generate almost all of Mexico's electric power. Forecasters predict an even more robust role for coal in the future as electric power continues to grow as one of the world's leading sources of energy. More importantly, work on new coal combustion technologies is advancing in response to society's demands that a clean environment be maintained and researchers within the industry, universities, and the government are continuing their efforts to develop new ways for this ancient gift to continue serving modern society.
Learn more about Hidalgo Mining International by visiting:
www.hidalgointernational.com
Disclaimer:
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals' future plans. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks detailed in Hidalgo Mining Internationals' periodic report filings with the Securities and Exchange Commission. Hidalgo Mining International undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Hidalgo Mining Internationals' expectations.
Source: Hidalgo Mining International
----------------------------------------------
Investor Relations for Hidalgo Mining International
Veronica D. Dunford
310-729-1223
hidalgo@clientservicesint.com
burger...
XKEM - Xechem Achieves Another Milestone: Receives Approval of US $9.38 Million Funding by UPS Capital and the U.S. EX-IM Bank
Monday May 21, 6:30 am ET
NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--Xechem International, Inc. (OTC BB: XKEM - News) announced today that the UPS Capital Business Credit and the United States Export Import (EX-IM) Bank has received all the required approvals in connection with a US $9.38 million EX-IM loan guarantee for Xechem Pharmaceuticals Nigeria, Ltd. (Xechem Nigeria). The UPS Bank has now approved the funding of the loan in accordance with the guidelines and requirements of the EX-IM Bank loan guarantee program.
In October 2006, EX-IM Bank, the official credit export agency of the United States, had approved a Comprehensive Credit Guarantee to support the loan, subject to the condition that Xechem Nigeria obtains supporting guarantees from two suitable local banks. Diamond Bank Plc and Platinum Habib Bank Plc, both headquartered in Nigeria, have issued the required guarantees, paving the way for finalization and funding of the UPS loan. Personal guarantees were also provided to these banks by Dr. Ramesh C. Pandey, Chairman & CEO of Xechem International, Inc. and Xechem Pharmaceutical Nigeria Ltd., and two Nigerian Board members, Dr. Adesoji Adelaja (also a Xechem International Board Member) and Mr. Isaac Inyang. The loan is for a five year term, bearing interest at LIBOR plus 2.75% and requires semi annual reductions of principal at 10% per period, together with payment of accrued, unpaid interest.
Funds Earmarked for Equipment, Corporate Offices and Manufacturing Facility
The funds provided by UPS Capital under the EX-IM guaranteed loan will be used to purchase the U.S. manufactured pre-fabricated corporate offices, warehouse, plant equipment and machinery needed by Xechem Nigeria to establish a state-of-the-art facility in the outskirts of Abuja, Nigeria, which is slated for completion during the fourth quarter of this year. The UPS loan is in addition to a separate loan of N350 Million Naira (approximately $2.7 million US Dollars) made in April 2007 to Xechem Nigeria by the Nigerian Export-Import (NEXIM) Bank for construction of manufacturing facility related costs, which supplements the N150 Million Naira (approximately US $1,157,000) of funds previously advanced by NEXIM. The expanded facility, once completed, will enable Xechem Nigeria to produce commercial scale quantities of NICOSAN(TM), Xechem's breakthrough medicine for the prophylactic management of Sickle Cell Disease (SCD).
"We are very pleased that all of the pieces to the approval and funding of this long awaited EX-IM guaranteed loan have finally come together," commented Dr. Ramesh C. Pandey, Chairman and CEO of Xechem Companies. "We can now turn our full attention to realizing our dream of completing the state-of-the-art laboratories and a cGMP production facility in Nigeria which will help us in the production of commercial scale quantities of NICOSAN(TM) to meet the needs of the millions of people afflicted with this terrible disease."
Dr. Pandey added, "We are very grateful to EX-IM Bank, UPS Business Credit, Diamond Bank and Bank PHB for their strong support for this important project and for helping us make the dream a reality. I am especially grateful to our consultants Financialbridge, Inc. and Mr. Isaac Inyang for their tireless efforts in seeing this through to a successful conclusion."
About NICOSAN(TM)
NICOSAN(TM) is an anti-sickling drug originally researched by the scientists at the National Institute for Pharmaceutical Research and Development (NIPRD) in Abuja, Nigeria. In clinical studies conducted under NIPRD's auspices, the drug showed substantial reduction in the degree of sickling of the red blood cells of those afflicted with the disease. While not a cure, the clinical trials have confirmed that the large majority of patients taking NICOSAN(TM) no longer experience sickle cell "crises" while on the medication, and even among those whose crises are not eliminated, the number and severity of the crises are substantially reduced. Through quality control/quality assurance (QC/QA) Xechem has standardized and verified the antisickling activity of the product, which is now called as NICOSAN(TM).
After the approval by the regulatory agency of Nigeria, National Agency for Food and Drug Administration and Control (NAFDAC), NICOSAN(TM) is being marketed in Nigeria since July 6th, 2006 on a limited basis. NICOSAN(TM) has Orphan Drug Designation in the US and EU countries.
About Xechem
Xechem International is a development stage biopharmaceutical company with expertise in developing drugs for Sickle Cell Disease (SCD), antidiabetic, antimalarial, antibacterial, antifungal, anticancer and antiviral (including AIDS) products from natural sources, including microbial and marine organisms. Its focus is on the development of proprietary technologies, including those used in the treatment of orphan diseases and phyto-pharmaceuticals (natural herbal drugs). Xechem's mission is to bring relief to the millions of people who suffer from these diseases. Its recent focus and resources have been directed primarily toward the development and launch of NICOSAN(TM) (to be marketed as HEMOXIN(TM) in the US and Europe). With the Nigerian regulatory approval now in hand, Xechem is now working on the commercialization of the drug in Nigeria and the pursuit of US FDA and European regulatory approval. In addition to NICOSAN(TM), Xechem is also working on another sickle cell compound, 5-HMF, which it has licensed from Virginia Commonwealth University (VCU).
Forward Looking Statements
This press release contains certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks and uncertainties. Such risks include the risk that: (i) there could be delays and/or cost overruns in connection with the build out of Xechem Nigeria's pilot plant facility to a full scale commercial production facility; (ii) there can be no assurances that Xechem Nigeria will be successful in its production or marketing of Niprsan (iii) the Company and/or Xechem Nigeria could suffer significant dilution from the raising of additional capital until such point in time as they achieve cash flow break even status, if at all; (iv) doing business in Nigeria is subject to all of the risks of operation in a foreign country and associated political and regulatory risks; and (v) operations of the Company could be disrupted due to the chronic limited availability of funds to meet ongoing obligations.
Contact:
Xechem
H. Scott English, 732-247-3302
Director, Investor Relations
--------------------------------------------------------------------------------
Source: Xechem International, Inc.
Forward looking...
DCBI
"We have groundbreaking news that we want to address with our shareholders in person and believe that those who attend will surely reap of the benefits of getting the news firsthand,"
The shareholder event will commence in the early afternoon on Saturday, July 28
DC Brands International, Inc.
DCBI.PK -DC Brands International Announces Shareholder Event Scheduled for July 28, 2007 in Las Vegas
Friday May 18, 8:40 pm ET
DENVER, CO--(MARKET WIRE)--May 18, 2007 -- DC Brands International (Other OTC:DCBI.PK - News) (DC Brands) is pleased to announce an exclusive shareholder meeting and reception is scheduled for July 28, 2007 in Las Vegas. The company is talking with three of Las Vegas' top venues to host the event, and exact details will be provided in formal invitations sent with the new issue of DC Brands' newsletter, which will ship in June.
DC Brands is currently trying to gauge shareholders' interest level, as the party may reach up to 2,000 attendees. Please email vegasparty@dc-brands.com before May 31 if you are interested in attending and indicate the number of people in your party. The event is limited to current shareholders, and each shareholder can bring one guest.
ADVERTISEMENT
"We have groundbreaking news that we want to address with our shareholders in person and believe that those who attend will surely reap of the benefits of getting the news firsthand," said DC Brands President and CEO Richard Pearce. "New major accounts and even distribution to a new country are just two items on our agenda to discuss. By this time, we will have filed our 15-c-2-11 and will be a fully reporting company, opening an entirely new world. If the news we have is as good as we say, do the math."
As the shareholders know, two months ago the stock price went from $.03 to a high of $.37 based on the factual reporting of the success of the Turn Left launch and the repositioning of Dickens Energy Cider. This created a buying frenzy at a volume of more than 5 million shares a day, which brought unwanted attention from the SEC, shutting down trading temporarily. DC Brands immediately compiled a detailed due diligence file on each press release issued including the names, addresses, phone numbers and contacts for every person they met with. This file was made available to the SEC despite the fact that the SEC never requested it. The SEC was doing their job trying to protect the public from illegitimate companies and DC Brands, unfortunately, fit a profile of unprecedented growth and were found guilty without any notification.
Since that time, DC Brands has made a concerted effort to only issue basic maintenance releases without including any of the more compelling information until the company has the full bid/ask support completed. Thus DC Brands is holding all the more powerful news for the shareholder meeting to ensure all facets of the financial reporting are in line.
The shareholder event will commence in the early afternoon on Saturday, July 28, with a conference that will last approximately two hours. At this meeting Pearce, along with other company executives, distributors and partners, will highlight the exciting news along with information on DC Brands' financials and future outlook. That same evening, DC Brands will host a fully catered reception where shareholders can meet the company principals, new employees, sales reps and major retailers. DC Brands is also organizing discounted room blocks at several premier hotels.
For those who cannot attend, the meeting and reception will be videotaped and made available to all shareholders approximately four to six weeks later.
For more information on DC Brands International, visit their website at www.TurnLeftEnergy.com and DickensEnergyCider.com
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
Contact:
CONTACT:
Aubrey Cornelius
303.495.2883
--------------------------------------------------------------------------------
Source: DC Brands International, Inc.
re: EESX
not trading yet, some info i found so far
The single consenting stockholder of Eastern Exploration is the record and beneficial owner of 10,000,000 shares, which represents approximately 70.55% of the issued and outstanding shares of Eastern Exploration’s common stock
Anthony Tai President, Chief Executive Officer, Secretary, Treasurer and Director
Authorized 75 ,000,000 shares of common stock, $0.001 par value,
Issued and outstanding 14,175,000 shares of common stock
Eastern Exploration Co.
Address:
6588 Barnard Drive
Suite 40
Richmond, BC V7C 5R8
CAN
Phone: 778-889-3091
Current Capital Change:
shs increased by 4 for 1 split
Ex-Date: 2007-05-18
Record Date: 2007-05-17
Pay Date: 2007-05-17
Common stock issued for cash at $0.0004 per share
- October 21, 2005 10,000,000 1,000 3,000 - 4,000
Common stock issued for cash at $0.006 per share
- October 21, 2005 1,858,333 186 10,964 - 11,150
Common stock issued for cash at $0.006 per share
- December 2, 2005 1,075,000 107 6,343 6,450
Common stock issued for cash at $0.006 per share
- January 31, 2007 1,241,667 124 7,326 7,450
All share amounts have been restated to reflect the 5 to1 split in March 16, 2006. (Refer to note 4)
5/3/2007
NOTICE TO STOCKHOLDERS OF ACTION APPROVED BY CONSENTING STOCKHOLDERS
The following action was taken based upon the unanimous recommendation of Eastern Exploration’s Board of Directors and the written consent of the consenting stockholder:
APPROVAL TO AMEND CERTIFICATE OF INCORPORATION TO EFFECT A FORWARD STOCK
SPLIT AT A RATIO OF FOUR-FOR-ONE
AT ANY TIME AFTER MAY 24, 2007 AND BEFORE JUNE 15, 2007.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001096906%252D07....
EESX - Eastern Exploration Corporation Signs Letter of Intent to Acquire Assets of MAX Entertainment Group SA
Eastern Exploration Corporation (OTCBB:EESX) (“Eastern”), a mineral exploration company, announced today that on May 17, 2007 it signed a Letter of Intent to purchase certain assets of MAX Entertainment Group SA (“MAX”) of Switzerland in an all-stock transaction.
Pursuant to the contemplated transaction, Eastern anticipates that it will, subject to the closing, acquire from MAX its intellectual property, the rights to market MAX’s entertainment and sporting programs in certain European countries, and the trade-marks, trade names, goodwill, contracts, and business associated with these assets (the “Acquired Assets”). In exchange for the Acquired Assets, Eastern shall issue to MAX and/or its shareholders, between 13 and 15 million shares of restricted common stock of Eastern, the final such number to be determined by negotiations between the parties. Eastern will also grant to MAX exclusive licenses to use the Acquired Assets and will assume certain liabilities of MAX.
The contemplated agreement is subject to due diligence being completed to the satisfaction of both Eastern and MAX and to the parties entering into a definitive agreement setting out the full terms of the acquisition. The Letter of Intent may be terminated on 30 day notice by either party.
About MAX
MAX is a Swiss Corporation engaged in the business of promoting and staging Ultimate Fighting-Style Events in Europe. For more information on MAX, interested parties can visit its website, www.maxfighters.com.
MAX stands for Martial Arts X-treme – a new discipline within the martial arts and is to be a development of Ultimate Fighting (USA) or a Mixed Martial Arts. MAX combines different forms of martial arts to create a new discipline. With a view to the anticipated forthcoming events, MAX has issued its own code of rules for MAX combat.
MAX intends to combine MAX style fighting with entertainment, event series, broadcasting in TV and DVD, music, games and the Internet. The key intended business activities are:
MAX event series with national and international championships.
TV broadcasts and reality shows with licenses in many countries in Europe. With the “MAX Martial Arts X-treme” reality series, broadcast on German television during 2006, MAX Entertainment has already begun initiating and producing TV concepts.
The merchandising of MAX’s own products, such as sports drinks, sports and casual clothing, video and DVD, music and computer games.
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 or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Eastern Exploration Corporation
Anthony Tai, President and CEO, 778-889-3091
or
MAX Entertainment Group SA
Daniel Kilian, President, +41 41 763-4848
d.kilian@max-finance.com
Source: Business Wire (May 18, 2007 - 8:00 PM EDT)
News by QuoteMedia
www.quotemedia.com
VIPM - VIP*Comlink Board of Directors Approves Reverse Stock Split
May 18, 2007 3:24:00 PM
SALT LAKE CITY, UT -- (MARKET WIRE) -- 05/18/07 -- The Board of Directors of VIP*Comlink, Inc. (PINKSHEETS: VIPM) has unanimously approved and is recommending to shareholders, a proposal that would give the Board of Directors authority to effect a reverse stock split of VIP*Comlink's common stock. The reverse stock split proposal will be submitted to shareholders at a special meeting held on July 11, 2007. An affirmative vote by shareholders will permit the Board of Directors to choose to effect a split at a ratio with the range from one-for-fifty to one-for-one-hundred-fifty and implement the reverse stock split at any time prior to October 1, 2007.
May 17, 2007 was set as the record date for the special shareholders meeting in July. All shareholders as of this date should expect to receive the proxy statement from the company. VIP*Comlink has approximately 524 million shares of common stock outstanding with over 3,000 shareholders.
VIP*Comlink believes the ability to effect a reverse stock split will position the company for revitalization. On May 4, 2007 VIP*Comlink announced that it had signed an agreement to acquire Pure Energy containing assets of Beyond Juice. On May 8, 2007 VIP*Comlink announced that it had entered into a letter of intent with Jumpin' Juice & Java to explore the possibility of combining the business models of both company's. The reverse stock split will enable the company to execute its plan of acquiring the existing operations of several companies and partnering with others that have products and services suitable for patrons of companies like Beyond Juice and Jumpin' Juice & Java stores.
On May 11, 2007 management openly discussed the company's status with shareholders representing approximately 60% of the company's stock. Management was encouraged to have received an overwhelming level of support for the reverse split and acquisition plans.
"Having the flexibility to effect a reverse stock split is another step toward creating value for our shareholders. The company has no stock available to complete any acquisition or to raise investment capital today. The directors and officers of the company have worked for a year now to develop a solution that would be favorable toward the shareholders. We have reviewed many proposals seeking for options that would allow the company to emerge as an operating entity with stable cash-flows, rather than remain as a development stage company seeking new investors, and we also wished to preserve the strongest position possible for existing shareholders transiting any reverse-split transaction. We believe that we found the solution that works for our unique situation. We create some headroom in our stock position, acquire assets, raise a little cash to grow internal cash-flows and improve the overall operations with new technology. This plan will build a profitable operation and finally create some stable, performance-based value for our twenty-three year old company," said Mark Helms, VIP*Comlink chairman and chief executive officer.
Additional Information and Where to Find It
VIP*Comlink is in the process of completing a proxy statement regarding the reverse stock split proposal, and it intends to mail the proxy statement to its shareholders within the next two weeks. Investors and shareholders of VIP*Comlink are urged to read the proxy statement when it becomes available because it will contain important information about VIP*Comlink and the reverse stock split proposal. Investors and shareholders may obtain a free copy of the proxy statement (when it is available) at the company's web site at www.vipcomlink.com. VIP*Comlink and its executive officers and directors may be deemed to be participants in the solicitation of proxies from VIP*Comlink's shareholders in favor of the reverse stock split proposal. Information regarding the security ownership and other interests of VIP*Comlink's executive officers and directors will be included in the proxy statement.
The foregoing may contain forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Contact:
VIP*Comlink, Inc.
Mark Helms
Chairman & CEO
(801) 305-4153
mark.helms@vipcomlink.com
http://www.vipcomlink.com
Market News First
Angela Junell
214-461-3411
ajunell@MN1.com