New World Gold Corporation (NWGC)

[ronsha]

On the 11th this news was posted-Word out on the street is that more is coming tomorrow after close-not sure but that is what I heard:

InvestSource, Inc.: Green Globe International Expanding into Hotels and Resorts in the Americas, Caribbean, and Europe

Tuesday , November 11, 2008 05:02ET

Nov 11, 2008 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: Green Globe International (OTCBB: GGLB), New Asia Gold (OTC: NWAG), Xechem International (OTC: XKEM), ER Urgent Care Holdings (OTC: ERUC)

November 10, 2008: Green Globe International, Inc. (OTCBB: GGLB), the worldwide owner of the Green Globe brand, the premier international green brand for travel and tourism, today announced an initial agreement to utilize Green Globe standards in a co-branding relationship with Green Hotel Certification, which is owned by Green Certifications, Inc. Under terms of the agreement, Green Certifications, Inc., which has developed benchmarking and certification systems for use in identifying compliance with green, sustainability standards, and Green Globe International, whose Green Globe brand is used in benchmarking and certification applications worldwide, will work together to co-brand and sell the dual certification to tourism properties, including hotels and resort destinations.

Green Globe International will license Green Certifications to utilize its brand and logo mark in conjunction with Green Hotel Certification of tourism properties as sustainable businesses. The initial markets for the co-branding effort have been identified as North, Central and South America, the Caribbean, and Europe. In exchange for the use of the Green Globe brand, Green Certifications will pay a licensing fee to Green Globe International for use of the brand equal to a percentage of gross revenues received by Green Certifications from its clients. The initial agreement between the parties is expected to develop into a binding definitive agreement.

November 10, 2008: New Asia Gold Corp. (Pink Sheets:NWAG) is getting ready to begin its exploration program on the Kapur project. Mobilization procedures have started. The initial program will consist of 4500 meters of drilling and at least 4 trenches. The results of this program will define a secondary program that will begin immediately after the initial program. As previous drilling results indicated and re-evaluation of data from 42 trenches that were previously excavated, with different degrees of mineralization, the Company feels that it has defined several additional deposits that are expected to increase proven reserves substantially. The Company has significant probable reserves where large amounts of gold have been discovered but there is not enough data obtained to date to change the probable reserve to proven reserves. This will be one of the purposes of the current drill program.

New Asia Gold Corp. (NWAG) is a successful exploration company that has found and defined proven gold reserves of 330,000 ounces of gold with a value after extraction costs of US$282 million assuming an average gold price of $850 per ounce (analysts are predicting that the value of gold will exceed $1200 per ounce by the second quarter of 2009). The Company has further estimated probable reserves of 2.5 million ounces of gold based on independent engineering reports.

November 10, 2008: Xechem International, Inc. (PINKSHEETS: XKEM) (the "Company" or "Xechem") announced today, November 10, 2008, that it and one of its subsidiaries, Xechem, Inc., filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Illinois (the "Bankruptcy Court") to suspend all litigation and to restructure its debt. The Company intends to work with all of its constituencies to reach mutually acceptable resolutions and to exit bankruptcy as expeditiously as possible. Xechem's operations are expected to continue as normal throughout the bankruptcy process, while the Company executes on its reorganization plans. Xechem's other subsidiaries are not part of this Chapter 11 filing. Xechem's Nigerian subsidiary, Xechem Pharmaceuticals Nigeria Limited, will continue its normal operations of the manufacturing and sale of NICOSAN(TM), a drug approved for marketing in Nigeria for the management of Sickle Cell Disease.

"As a result of litigation and litigation expenses arising from the law suits of former officers, employees and consultants of the Company, as well as third party lawsuits, and to protect the operations of our Nigerian subsidiary from default judgments and creditors, it became necessary to seek the protection of the Court. We have taken and will continue to take the necessary steps to protect, strengthen and expand our operations in Nigeria," said Dr. Robert Swift, Chief Oversight Officer of Xechem International, Inc. "After careful consideration of all available alternatives, the Company's Board of Directors determined that filing for Chapter 11 was a necessary and prudent step that allows us to operate our business without the threat of litigation that could have impaired or interrupted our Nigerian operation while continuing to implement a debt restructuring in a controlled, Court-supervised environment."

November 10, 2008: Mark Solomon, President of ER Urgent Care Holdings, Inc. (Pink Sheets:ERUC), announced that the Company has retained a major healthcare merger and acquisition firm for the purposes of re-establishing value to ERUC. The firm will be assisting the Board of Directors in restructuring management. They will also explore the possibility of merging with another healthcare provider. ERUC being acquired is a subject that has also been visited by the new advisors. These new steps in a challenging economy are vital to the proper growth of the organization. Additional announcements will be made as progress develops.

ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com.

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This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or a solicitation to buy or sell securities. InvestSource, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release. InvestSource has agreed to be compensated 7,500 unrestricted shares of NWAG and 8,900,000 shares of unrestricted stock of ERUC for services rendered. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer.

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