Thursday, May 26, 2005 8:18:47 AM
~RAPT and a few others mentioned, getting some exposure...
Times (EST) Today's Headlines
May 26, 2005 08:01 otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com HMNS, RAPT, CYOS, IFUE (MTO)
May 26, 2005 03:26 Wall Street News Alert: Stock Market Alert!
otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com HMNS, RAPT, CYOS, IFUE
Rochester, NY, May 26, 2005 (M2 PRESSWIRE via COMTEX) --
OTCStockExchange.com's "Stock Watch Alert" this morning are Human Science Systems (Pink Sheets: HMNS), Raptor Investments, Inc. (Pink Sheets: RAPT), CYOP Systems International Inc. (OTCBB: CYOS), International Fuel Technology Inc. (OTCBB: IFUE).
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Human Science Systems, Inc. (Pink Sheets: HMNS - http://finance.yahoo.com/q?s=HMNS.PK ) Human Science Systems, Inc. (Pink Sheets:HMNS - News), a contact center consulting and software development firm, today issued a correction to its May 24, 2005 press release entitled Human Science Systems retains South Florida Based Developer. The original release stated that developer & entrepreneur Norman Katz graduated from the University of Florida in May 1995. Mr. Katz graduated a decade earlier, in 1985.
The release introduced Katzscan, Inc. as the firm selected to spearhead the ongoing development of the company's flagship product, Central Authority(TM). In the original release, Lou Mandic, Human Science Systems President & CEO, stated, "Many know that we have been evaluating development firms for the past several weeks. Katzscan seems like an unlikely choice due to the fact that their core strengths lie in barcode applications. However, Norman Katz, founder and President of Katzscan, is an amazing and well rounded developer with a rich background that is well suited to our development efforts. Norman brings an outstanding skill set to the table, which encompasses among other things, experience in database design and development, in-depth knowledge of data migration & integration, and Electronic Data Interchange (EDI) processes & technologies."
Mandic continued, "One of the key factors in our selection of Katzscan is Norman's rapid development capabilities. We are already driving a very aggressive development schedule, and Norman has proven himself capable of reducing our time to market by months."
Speaking today about the selection of Katzscan, Inc., Mandic added that based on Katz's expertise in radio frequency identification and wireless technologies, the company will also be researching the merits of accelerating development of Central Authority Mobile(TM), currently scheduled for release in late 2006.
Norman Katz graduated from the University of Florida in May 1985 with a Bachelor degree in Business Administration majoring in Computer Information Sciences. Norman is also trained and certified in radio frequency identification (RFID) technology. During Norman's career, he worked at the corporate headquarters of some of the country's most recognized consumer product companies, including Fotomat, Tropicana Products, Hanes, and Gitano Manufacturing. Norman's career advanced quickly, moving him from programmer, to Information Technology Manager, to entrepreneur. Using his technical skills, Norman continues to drive Katzscan's success by addressing project needs at the finest level of detail, the data itself, and globally at the business enterprise operations level. With both technical and operational experience & expertise, Norman has successfully implemented creative, innovative, and cost-efficient "surgical strike" solutions to solve his clients' significant business problems with short-term return on investment (ROI) results.
About Katzscan, Inc.
Katzscan, Inc. was founded in January of 1996. Katzscan's clients are typically corporations and education institutions in the range of $20M to $1B annually. Individually, Katzscan's clients are well-recognized as leaders in their respective industries, both in the nation and worldwide. In April 2004, Katzscan was selected as the supply chain consultant to the National Marine Manufacturers Association. Through this on-going relationship, Katzscan will continue to help define the barcode label, packing list, electronic business-to-business, and general business guidelines to enable the industry's accessory manufacturers, distributors, and retailers to better communicate and more efficiently transact day-to-day business. For more information visit http://www.katzscan.com .
About Human Science Systems, Inc.
Human Science Systems is a next generation developer of software for the contact center industry. Its flagship product, Central Authority(TM), will help contact centers collect, administer and optimize the use of all data generated within the contact center operation. The product will provide all levels of staff with accurate, real time information on the four most critical resources within the contact center: employees, technology, physical capacity, and clients. Human Science Systems is a State of Nevada corporation headquartered in Coral Springs, Florida.
For more information visit http://www.humansciencesystems.com or call 1 (954) 603-0495.
Raptor Investments, Inc. (Pink Sheets: RAPT - http://finance.yahoo.com/q?s=RAPT.PK ) Raptor Investments, Inc. announced its projected timetable for the completion of its first acquisition pursuant to the company's announcement on Monday, May 23rd that it was terminating its LOI to acquire Micro-Connections, Inc. and simultaneously shifting its strategy into the eBay drop store, retail thrift, business liquidations, and self-auction businesses. Jamie DeSane, acting CEO of Raptor, commented, "This has been in the works for quite a while, actually. Due Diligence we conducted on Micro-Connections revealed IP that might not be worth protecting, little potential for pricing power and a host of dependency issues."
Raptor Investments announced it has joined Las Vegas based Net2Auction Inc. and Dallas based Orbit Drop, Inc. in the eBay drop store business "but with some significant differences over our eBay reliant brethren," suggests DeSane. "We liked the prospects for the business but were worried about immediate viability as a stand-alone. Every financial model we put together suggested great potential in terms of operational scale and cash flows long-term, but way too many short-term hurdles. We view drop stores as a business that depends on attaining critical mass to be successful, requiring huge capital expenditures with uncertain profitability timetables." He added, "We felt that the franchise option wasn't an option for us because it traded larger long-term cash flows for smaller more immediate cash flows."
Instead, The Company has made a commitment to acquire existing 'bricks n clicks' auction companies with significant revenue history, both independently and through eBay, as well as existing local community consumer-focused 'thrift' store locations that will also serve as eBay drop locations and consignment intake centers. "Virtually every community has a retail thrift store that, depending on the size of the location, generates between $20,000 and $80,000 per month in retail sales," said DeSane. "The size of these stores as well as the revenue stream from retail 'thrift' sales will be the foundation of the Company's chain of eBay drop stores and other businesses." The Company is also targeting the business liquidation market from these locations, which is estimated to exceed $250 Billion a year in the United States.
DeSane remarked, "Over the past three to four weeks our acquisition teams and our acquisition candidates have been working feverishly to complete accretive, "win-win" type transactions for all existing stakeholders. We like the identified candidates because each possesses wholly unique business attributes in addition to tried and true customer, revenue and operating cash flows that fit the overall strategic and operating models exceedingly well. They like the strategic vision in the marriage of these businesses as a catalyst for significant future growth." He added, "At this stage, it looks like we should be able to announce the LOI on at least one acquisition in the next week or so."
CYOP Systems International Inc. (OTCBB: CYOS - http://finance.yahoo.com/q?s=CYOS.OB ) CYOP Systems International Inc. a leading provider of online gaming software, is pleased to announce that it has now launched its much applauded demo version of its online poker product at http://www.redfelt.com/demo.html .
This initial release is to showcase the Company's licensed software to prospective clients, and stakeholders. This version is the English play-for-fun version that is being rolled out on Sina.com. A site for players to wager in real dollars is going through final integration and will be ready for play in the near future.
Red Felt Poker is a full-service turnkey poker gaming system that can be easily deployed by any Licensee. The Company can also provide the necessary management experience and support to licensees and their customers.
More than 200 online poker sites collectively are generating about $2 billion a year in revenues, equal to 40% of last year's $5 billion in gambling revenues from all of the Las Vegas "Strip". An estimated 1.7 million players are active online, meaning they've played in the past six months according to an MECN.net survey
Mitch White, CEO of CYOP, stated that: "With this launch, we are now able to increase the number of games available for licensing and enter the poker industry. Our software has been priced to be competitive in the online poker market, making Red Felt Software a premier choice for both start-ups and established operators alike. Players who have used our games have found them to be realistic and entertaining."
International Fuel Technology Inc. (OTCBB: IFUE - http://finance.yahoo.com/q?s=IFUE.OB ) International Fuel Technology Inc., a fuel science and research company, announced that it has signed an exclusive marketing agreement with FT Marketing Ltd. (FTM) and an exclusive distribution agreement with Fuel Technologies Ltd. (FTL). FTL will distribute IFT's products in South Africa and other African countries including Egypt. FTL has made an initial purchase order of 34 tons of DiesolIFT(tm).
FTL will begin its distribution thrust in Southern Africa, beginning with South Africa, Swaziland and Mozambique where it has already initiated discussions and received positive feedback from significant users of Diesel. Southern Africa alone accounts for almost one third of oil imports to Africa. As most countries in Africa have a trade deficit and since oil accounts for the largest import item for many African countries, FTL sees fast acceptance of IFT's additives as a way to reduce the trade deficit. The recently increased price of oil has exacerbated the trade deficit for many African countries.
Dion Friedland, FTL's Chairman, stated, "Usage of IFT's additives in petroleum based fuels has proven to provide reduced consumption and significant savings for large users of fuel. FTL believes our team can expedite the technology verification and product commercialization processes throughout Africa and in so doing reduce the oil import bill for many African countries. In addition, the improved fuel economy benefits of IFT's technology will reduce CO2 emissions helping governments comply with Kyoto Protocol standards."
Jonathan Burst, IFT's CEO, said, "We are excited to have Dion as our business partner. He brings a lot of experience and commitment to our company. We have had extensive discussions with Dion and expect him to bring us additional commercialization opportunities in other parts of the world as well in the near future."
FTL is a privately owned company assembled to effectuate the commercialization of IFT's products. Dion Friedland, Chairman of both FTM and FTL has built numerous successful business enterprises -- he founded Dion Stores which became the largest discount store retailer in South Africa, nationwide, before he sold the company in 1985.
Mandev training, also founded by Mr. Friedland became the largest retail sales training company in the World in the early 1980s. In 1994 he founded Magnum Funds, well known in the hedge fund industry, and has recently stepped down as president of the Hedge Fund Association which he founded in 1996. His hotel, Cap Juluca, is rated the best hotel in the Caribbean by both Conde Nast traveler and Travel & Leisure. Charles Stride, who will be President of FTL is a Chartered Accountant, was an external advisor to the South African Reserve Bank on Exchange Controls and served as the Special Advisor to the South African Minister of Finance from 1995 to 1997. From 1991 to 1994, he was Deputy Chairman of Allied Electronics Corporation Limited, the largest electronics group in South Africa. He was senior partner of Fisher Hoffman Stride, one of South Africa's two largest independent auditing firms, from 1979 to 1991 and served on the main board of Spicer and Oppenheim. Mr. Stride was the deputy chairman of Societe Generale South Africa Limited from 1981 until 1997 when the South African company was absorbed by the parent. He continues to serve as an advisor to major corporations and government owned entities in both Swaziland and South Africa.
FTM and FTL join IFT's other distributors in Asia (First Asia Fuel Corporation), the U.S. (Soliton), South and Central America and selected African countries (Trafigura/Puma), the Middle East (Petrochem) and selected European countries (Expertises Technologies et Services and European Consultants) in assisting IFT in reducing fuel consumption and CO2 emissions worldwide.
About OTCStockExchange.com
OTCStockExchange.com (OTCS) is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. OTCS is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. OTCS's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. OTCS provides all investors with the latest news, press releases, investment opinions, and research reports for all the companies highlighted on the site. OTCS offers a free financial newsletter. To subscribe or get more information, visit our home page located at http://www.otcstockexchange.com .
OTCStockExchange.com (OTCS) based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by OTCS to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. 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 solicitation of an offer to buy or sell securities. OTCS is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.otcstockexchange.com or mentioned herein. OTCS has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion.
OTCS has been compensated by third party shareholders or with cash from the company on behalf of HMNS. OTCS has been compensated 4,000,000 shares on behalf of HMNS for dissemination of this opinion and other professional services.
OTCS's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. OTCS will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCS undertakes no obligation to update such statements.
CONTACT: OTCStockExchange.com e-mail: info@otcstockexchange.com WWW: http://www.otcstockexchange.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com .
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otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com HMNS, RAPT, CYOS, IFUE
Rochester, NY, May 26, 2005 (M2 PRESSWIRE via COMTEX) --
OTCStockExchange.com's "Stock Watch Alert" this morning are Human Science Systems (Pink Sheets: HMNS), Raptor Investments, Inc. (Pink Sheets: RAPT), CYOP Systems International Inc. (OTCBB: CYOS), International Fuel Technology Inc. (OTCBB: IFUE).
Sign-up for our FREE Stock Alerts at http://www.otcstockexchange.com !
Human Science Systems, Inc. (Pink Sheets: HMNS - http://finance.yahoo.com/q?s=HMNS.PK ) Human Science Systems, Inc. (Pink Sheets:HMNS - News), a contact center consulting and software development firm, today issued a correction to its May 24, 2005 press release entitled Human Science Systems retains South Florida Based Developer. The original release stated that developer & entrepreneur Norman Katz graduated from the University of Florida in May 1995. Mr. Katz graduated a decade earlier, in 1985.
The release introduced Katzscan, Inc. as the firm selected to spearhead the ongoing development of the company's flagship product, Central Authority(TM). In the original release, Lou Mandic, Human Science Systems President & CEO, stated, "Many know that we have been evaluating development firms for the past several weeks. Katzscan seems like an unlikely choice due to the fact that their core strengths lie in barcode applications. However, Norman Katz, founder and President of Katzscan, is an amazing and well rounded developer with a rich background that is well suited to our development efforts. Norman brings an outstanding skill set to the table, which encompasses among other things, experience in database design and development, in-depth knowledge of data migration & integration, and Electronic Data Interchange (EDI) processes & technologies."
Mandic continued, "One of the key factors in our selection of Katzscan is Norman's rapid development capabilities. We are already driving a very aggressive development schedule, and Norman has proven himself capable of reducing our time to market by months."
Speaking today about the selection of Katzscan, Inc., Mandic added that based on Katz's expertise in radio frequency identification and wireless technologies, the company will also be researching the merits of accelerating development of Central Authority Mobile(TM), currently scheduled for release in late 2006.
Norman Katz graduated from the University of Florida in May 1985 with a Bachelor degree in Business Administration majoring in Computer Information Sciences. Norman is also trained and certified in radio frequency identification (RFID) technology. During Norman's career, he worked at the corporate headquarters of some of the country's most recognized consumer product companies, including Fotomat, Tropicana Products, Hanes, and Gitano Manufacturing. Norman's career advanced quickly, moving him from programmer, to Information Technology Manager, to entrepreneur. Using his technical skills, Norman continues to drive Katzscan's success by addressing project needs at the finest level of detail, the data itself, and globally at the business enterprise operations level. With both technical and operational experience & expertise, Norman has successfully implemented creative, innovative, and cost-efficient "surgical strike" solutions to solve his clients' significant business problems with short-term return on investment (ROI) results.
About Katzscan, Inc.
Katzscan, Inc. was founded in January of 1996. Katzscan's clients are typically corporations and education institutions in the range of $20M to $1B annually. Individually, Katzscan's clients are well-recognized as leaders in their respective industries, both in the nation and worldwide. In April 2004, Katzscan was selected as the supply chain consultant to the National Marine Manufacturers Association. Through this on-going relationship, Katzscan will continue to help define the barcode label, packing list, electronic business-to-business, and general business guidelines to enable the industry's accessory manufacturers, distributors, and retailers to better communicate and more efficiently transact day-to-day business. For more information visit http://www.katzscan.com .
About Human Science Systems, Inc.
Human Science Systems is a next generation developer of software for the contact center industry. Its flagship product, Central Authority(TM), will help contact centers collect, administer and optimize the use of all data generated within the contact center operation. The product will provide all levels of staff with accurate, real time information on the four most critical resources within the contact center: employees, technology, physical capacity, and clients. Human Science Systems is a State of Nevada corporation headquartered in Coral Springs, Florida.
For more information visit http://www.humansciencesystems.com or call 1 (954) 603-0495.
Raptor Investments, Inc. (Pink Sheets: RAPT - http://finance.yahoo.com/q?s=RAPT.PK ) Raptor Investments, Inc. announced its projected timetable for the completion of its first acquisition pursuant to the company's announcement on Monday, May 23rd that it was terminating its LOI to acquire Micro-Connections, Inc. and simultaneously shifting its strategy into the eBay drop store, retail thrift, business liquidations, and self-auction businesses. Jamie DeSane, acting CEO of Raptor, commented, "This has been in the works for quite a while, actually. Due Diligence we conducted on Micro-Connections revealed IP that might not be worth protecting, little potential for pricing power and a host of dependency issues."
Raptor Investments announced it has joined Las Vegas based Net2Auction Inc. and Dallas based Orbit Drop, Inc. in the eBay drop store business "but with some significant differences over our eBay reliant brethren," suggests DeSane. "We liked the prospects for the business but were worried about immediate viability as a stand-alone. Every financial model we put together suggested great potential in terms of operational scale and cash flows long-term, but way too many short-term hurdles. We view drop stores as a business that depends on attaining critical mass to be successful, requiring huge capital expenditures with uncertain profitability timetables." He added, "We felt that the franchise option wasn't an option for us because it traded larger long-term cash flows for smaller more immediate cash flows."
Instead, The Company has made a commitment to acquire existing 'bricks n clicks' auction companies with significant revenue history, both independently and through eBay, as well as existing local community consumer-focused 'thrift' store locations that will also serve as eBay drop locations and consignment intake centers. "Virtually every community has a retail thrift store that, depending on the size of the location, generates between $20,000 and $80,000 per month in retail sales," said DeSane. "The size of these stores as well as the revenue stream from retail 'thrift' sales will be the foundation of the Company's chain of eBay drop stores and other businesses." The Company is also targeting the business liquidation market from these locations, which is estimated to exceed $250 Billion a year in the United States.
DeSane remarked, "Over the past three to four weeks our acquisition teams and our acquisition candidates have been working feverishly to complete accretive, "win-win" type transactions for all existing stakeholders. We like the identified candidates because each possesses wholly unique business attributes in addition to tried and true customer, revenue and operating cash flows that fit the overall strategic and operating models exceedingly well. They like the strategic vision in the marriage of these businesses as a catalyst for significant future growth." He added, "At this stage, it looks like we should be able to announce the LOI on at least one acquisition in the next week or so."
CYOP Systems International Inc. (OTCBB: CYOS - http://finance.yahoo.com/q?s=CYOS.OB ) CYOP Systems International Inc. a leading provider of online gaming software, is pleased to announce that it has now launched its much applauded demo version of its online poker product at http://www.redfelt.com/demo.html .
This initial release is to showcase the Company's licensed software to prospective clients, and stakeholders. This version is the English play-for-fun version that is being rolled out on Sina.com. A site for players to wager in real dollars is going through final integration and will be ready for play in the near future.
Red Felt Poker is a full-service turnkey poker gaming system that can be easily deployed by any Licensee. The Company can also provide the necessary management experience and support to licensees and their customers.
More than 200 online poker sites collectively are generating about $2 billion a year in revenues, equal to 40% of last year's $5 billion in gambling revenues from all of the Las Vegas "Strip". An estimated 1.7 million players are active online, meaning they've played in the past six months according to an MECN.net survey
Mitch White, CEO of CYOP, stated that: "With this launch, we are now able to increase the number of games available for licensing and enter the poker industry. Our software has been priced to be competitive in the online poker market, making Red Felt Software a premier choice for both start-ups and established operators alike. Players who have used our games have found them to be realistic and entertaining."
International Fuel Technology Inc. (OTCBB: IFUE - http://finance.yahoo.com/q?s=IFUE.OB ) International Fuel Technology Inc., a fuel science and research company, announced that it has signed an exclusive marketing agreement with FT Marketing Ltd. (FTM) and an exclusive distribution agreement with Fuel Technologies Ltd. (FTL). FTL will distribute IFT's products in South Africa and other African countries including Egypt. FTL has made an initial purchase order of 34 tons of DiesolIFT(tm).
FTL will begin its distribution thrust in Southern Africa, beginning with South Africa, Swaziland and Mozambique where it has already initiated discussions and received positive feedback from significant users of Diesel. Southern Africa alone accounts for almost one third of oil imports to Africa. As most countries in Africa have a trade deficit and since oil accounts for the largest import item for many African countries, FTL sees fast acceptance of IFT's additives as a way to reduce the trade deficit. The recently increased price of oil has exacerbated the trade deficit for many African countries.
Dion Friedland, FTL's Chairman, stated, "Usage of IFT's additives in petroleum based fuels has proven to provide reduced consumption and significant savings for large users of fuel. FTL believes our team can expedite the technology verification and product commercialization processes throughout Africa and in so doing reduce the oil import bill for many African countries. In addition, the improved fuel economy benefits of IFT's technology will reduce CO2 emissions helping governments comply with Kyoto Protocol standards."
Jonathan Burst, IFT's CEO, said, "We are excited to have Dion as our business partner. He brings a lot of experience and commitment to our company. We have had extensive discussions with Dion and expect him to bring us additional commercialization opportunities in other parts of the world as well in the near future."
FTL is a privately owned company assembled to effectuate the commercialization of IFT's products. Dion Friedland, Chairman of both FTM and FTL has built numerous successful business enterprises -- he founded Dion Stores which became the largest discount store retailer in South Africa, nationwide, before he sold the company in 1985.
Mandev training, also founded by Mr. Friedland became the largest retail sales training company in the World in the early 1980s. In 1994 he founded Magnum Funds, well known in the hedge fund industry, and has recently stepped down as president of the Hedge Fund Association which he founded in 1996. His hotel, Cap Juluca, is rated the best hotel in the Caribbean by both Conde Nast traveler and Travel & Leisure. Charles Stride, who will be President of FTL is a Chartered Accountant, was an external advisor to the South African Reserve Bank on Exchange Controls and served as the Special Advisor to the South African Minister of Finance from 1995 to 1997. From 1991 to 1994, he was Deputy Chairman of Allied Electronics Corporation Limited, the largest electronics group in South Africa. He was senior partner of Fisher Hoffman Stride, one of South Africa's two largest independent auditing firms, from 1979 to 1991 and served on the main board of Spicer and Oppenheim. Mr. Stride was the deputy chairman of Societe Generale South Africa Limited from 1981 until 1997 when the South African company was absorbed by the parent. He continues to serve as an advisor to major corporations and government owned entities in both Swaziland and South Africa.
FTM and FTL join IFT's other distributors in Asia (First Asia Fuel Corporation), the U.S. (Soliton), South and Central America and selected African countries (Trafigura/Puma), the Middle East (Petrochem) and selected European countries (Expertises Technologies et Services and European Consultants) in assisting IFT in reducing fuel consumption and CO2 emissions worldwide.
About OTCStockExchange.com
OTCStockExchange.com (OTCS) is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. OTCS is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. OTCS's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. OTCS provides all investors with the latest news, press releases, investment opinions, and research reports for all the companies highlighted on the site. OTCS offers a free financial newsletter. To subscribe or get more information, visit our home page located at http://www.otcstockexchange.com .
OTCStockExchange.com (OTCS) based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by OTCS to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. 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 solicitation of an offer to buy or sell securities. OTCS is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.otcstockexchange.com or mentioned herein. OTCS has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion.
OTCS has been compensated by third party shareholders or with cash from the company on behalf of HMNS. OTCS has been compensated 4,000,000 shares on behalf of HMNS for dissemination of this opinion and other professional services.
OTCS's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. OTCS will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCS undertakes no obligation to update such statements.
CONTACT: OTCStockExchange.com e-mail: info@otcstockexchange.com WWW: http://www.otcstockexchange.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com .
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(C)1994-2005 M2 COMMUNICATIONS LTD
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Times (EST) Today's Headlines
May 26, 2005 08:01 otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com HMNS, RAPT, CYOS, IFUE (MTO)
May 26, 2005 03:26 Wall Street News Alert: Stock Market Alert!
otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com HMNS, RAPT, CYOS, IFUE
Rochester, NY, May 26, 2005 (M2 PRESSWIRE via COMTEX) --
OTCStockExchange.com's "Stock Watch Alert" this morning are Human Science Systems (Pink Sheets: HMNS), Raptor Investments, Inc. (Pink Sheets: RAPT), CYOP Systems International Inc. (OTCBB: CYOS), International Fuel Technology Inc. (OTCBB: IFUE).
Sign-up for our FREE Stock Alerts at http://www.otcstockexchange.com !
Human Science Systems, Inc. (Pink Sheets: HMNS - http://finance.yahoo.com/q?s=HMNS.PK ) Human Science Systems, Inc. (Pink Sheets:HMNS - News), a contact center consulting and software development firm, today issued a correction to its May 24, 2005 press release entitled Human Science Systems retains South Florida Based Developer. The original release stated that developer & entrepreneur Norman Katz graduated from the University of Florida in May 1995. Mr. Katz graduated a decade earlier, in 1985.
The release introduced Katzscan, Inc. as the firm selected to spearhead the ongoing development of the company's flagship product, Central Authority(TM). In the original release, Lou Mandic, Human Science Systems President & CEO, stated, "Many know that we have been evaluating development firms for the past several weeks. Katzscan seems like an unlikely choice due to the fact that their core strengths lie in barcode applications. However, Norman Katz, founder and President of Katzscan, is an amazing and well rounded developer with a rich background that is well suited to our development efforts. Norman brings an outstanding skill set to the table, which encompasses among other things, experience in database design and development, in-depth knowledge of data migration & integration, and Electronic Data Interchange (EDI) processes & technologies."
Mandic continued, "One of the key factors in our selection of Katzscan is Norman's rapid development capabilities. We are already driving a very aggressive development schedule, and Norman has proven himself capable of reducing our time to market by months."
Speaking today about the selection of Katzscan, Inc., Mandic added that based on Katz's expertise in radio frequency identification and wireless technologies, the company will also be researching the merits of accelerating development of Central Authority Mobile(TM), currently scheduled for release in late 2006.
Norman Katz graduated from the University of Florida in May 1985 with a Bachelor degree in Business Administration majoring in Computer Information Sciences. Norman is also trained and certified in radio frequency identification (RFID) technology. During Norman's career, he worked at the corporate headquarters of some of the country's most recognized consumer product companies, including Fotomat, Tropicana Products, Hanes, and Gitano Manufacturing. Norman's career advanced quickly, moving him from programmer, to Information Technology Manager, to entrepreneur. Using his technical skills, Norman continues to drive Katzscan's success by addressing project needs at the finest level of detail, the data itself, and globally at the business enterprise operations level. With both technical and operational experience & expertise, Norman has successfully implemented creative, innovative, and cost-efficient "surgical strike" solutions to solve his clients' significant business problems with short-term return on investment (ROI) results.
About Katzscan, Inc.
Katzscan, Inc. was founded in January of 1996. Katzscan's clients are typically corporations and education institutions in the range of $20M to $1B annually. Individually, Katzscan's clients are well-recognized as leaders in their respective industries, both in the nation and worldwide. In April 2004, Katzscan was selected as the supply chain consultant to the National Marine Manufacturers Association. Through this on-going relationship, Katzscan will continue to help define the barcode label, packing list, electronic business-to-business, and general business guidelines to enable the industry's accessory manufacturers, distributors, and retailers to better communicate and more efficiently transact day-to-day business. For more information visit http://www.katzscan.com .
About Human Science Systems, Inc.
Human Science Systems is a next generation developer of software for the contact center industry. Its flagship product, Central Authority(TM), will help contact centers collect, administer and optimize the use of all data generated within the contact center operation. The product will provide all levels of staff with accurate, real time information on the four most critical resources within the contact center: employees, technology, physical capacity, and clients. Human Science Systems is a State of Nevada corporation headquartered in Coral Springs, Florida.
For more information visit http://www.humansciencesystems.com or call 1 (954) 603-0495.
Raptor Investments, Inc. (Pink Sheets: RAPT - http://finance.yahoo.com/q?s=RAPT.PK ) Raptor Investments, Inc. announced its projected timetable for the completion of its first acquisition pursuant to the company's announcement on Monday, May 23rd that it was terminating its LOI to acquire Micro-Connections, Inc. and simultaneously shifting its strategy into the eBay drop store, retail thrift, business liquidations, and self-auction businesses. Jamie DeSane, acting CEO of Raptor, commented, "This has been in the works for quite a while, actually. Due Diligence we conducted on Micro-Connections revealed IP that might not be worth protecting, little potential for pricing power and a host of dependency issues."
Raptor Investments announced it has joined Las Vegas based Net2Auction Inc. and Dallas based Orbit Drop, Inc. in the eBay drop store business "but with some significant differences over our eBay reliant brethren," suggests DeSane. "We liked the prospects for the business but were worried about immediate viability as a stand-alone. Every financial model we put together suggested great potential in terms of operational scale and cash flows long-term, but way too many short-term hurdles. We view drop stores as a business that depends on attaining critical mass to be successful, requiring huge capital expenditures with uncertain profitability timetables." He added, "We felt that the franchise option wasn't an option for us because it traded larger long-term cash flows for smaller more immediate cash flows."
Instead, The Company has made a commitment to acquire existing 'bricks n clicks' auction companies with significant revenue history, both independently and through eBay, as well as existing local community consumer-focused 'thrift' store locations that will also serve as eBay drop locations and consignment intake centers. "Virtually every community has a retail thrift store that, depending on the size of the location, generates between $20,000 and $80,000 per month in retail sales," said DeSane. "The size of these stores as well as the revenue stream from retail 'thrift' sales will be the foundation of the Company's chain of eBay drop stores and other businesses." The Company is also targeting the business liquidation market from these locations, which is estimated to exceed $250 Billion a year in the United States.
DeSane remarked, "Over the past three to four weeks our acquisition teams and our acquisition candidates have been working feverishly to complete accretive, "win-win" type transactions for all existing stakeholders. We like the identified candidates because each possesses wholly unique business attributes in addition to tried and true customer, revenue and operating cash flows that fit the overall strategic and operating models exceedingly well. They like the strategic vision in the marriage of these businesses as a catalyst for significant future growth." He added, "At this stage, it looks like we should be able to announce the LOI on at least one acquisition in the next week or so."
CYOP Systems International Inc. (OTCBB: CYOS - http://finance.yahoo.com/q?s=CYOS.OB ) CYOP Systems International Inc. a leading provider of online gaming software, is pleased to announce that it has now launched its much applauded demo version of its online poker product at http://www.redfelt.com/demo.html .
This initial release is to showcase the Company's licensed software to prospective clients, and stakeholders. This version is the English play-for-fun version that is being rolled out on Sina.com. A site for players to wager in real dollars is going through final integration and will be ready for play in the near future.
Red Felt Poker is a full-service turnkey poker gaming system that can be easily deployed by any Licensee. The Company can also provide the necessary management experience and support to licensees and their customers.
More than 200 online poker sites collectively are generating about $2 billion a year in revenues, equal to 40% of last year's $5 billion in gambling revenues from all of the Las Vegas "Strip". An estimated 1.7 million players are active online, meaning they've played in the past six months according to an MECN.net survey
Mitch White, CEO of CYOP, stated that: "With this launch, we are now able to increase the number of games available for licensing and enter the poker industry. Our software has been priced to be competitive in the online poker market, making Red Felt Software a premier choice for both start-ups and established operators alike. Players who have used our games have found them to be realistic and entertaining."
International Fuel Technology Inc. (OTCBB: IFUE - http://finance.yahoo.com/q?s=IFUE.OB ) International Fuel Technology Inc., a fuel science and research company, announced that it has signed an exclusive marketing agreement with FT Marketing Ltd. (FTM) and an exclusive distribution agreement with Fuel Technologies Ltd. (FTL). FTL will distribute IFT's products in South Africa and other African countries including Egypt. FTL has made an initial purchase order of 34 tons of DiesolIFT(tm).
FTL will begin its distribution thrust in Southern Africa, beginning with South Africa, Swaziland and Mozambique where it has already initiated discussions and received positive feedback from significant users of Diesel. Southern Africa alone accounts for almost one third of oil imports to Africa. As most countries in Africa have a trade deficit and since oil accounts for the largest import item for many African countries, FTL sees fast acceptance of IFT's additives as a way to reduce the trade deficit. The recently increased price of oil has exacerbated the trade deficit for many African countries.
Dion Friedland, FTL's Chairman, stated, "Usage of IFT's additives in petroleum based fuels has proven to provide reduced consumption and significant savings for large users of fuel. FTL believes our team can expedite the technology verification and product commercialization processes throughout Africa and in so doing reduce the oil import bill for many African countries. In addition, the improved fuel economy benefits of IFT's technology will reduce CO2 emissions helping governments comply with Kyoto Protocol standards."
Jonathan Burst, IFT's CEO, said, "We are excited to have Dion as our business partner. He brings a lot of experience and commitment to our company. We have had extensive discussions with Dion and expect him to bring us additional commercialization opportunities in other parts of the world as well in the near future."
FTL is a privately owned company assembled to effectuate the commercialization of IFT's products. Dion Friedland, Chairman of both FTM and FTL has built numerous successful business enterprises -- he founded Dion Stores which became the largest discount store retailer in South Africa, nationwide, before he sold the company in 1985.
Mandev training, also founded by Mr. Friedland became the largest retail sales training company in the World in the early 1980s. In 1994 he founded Magnum Funds, well known in the hedge fund industry, and has recently stepped down as president of the Hedge Fund Association which he founded in 1996. His hotel, Cap Juluca, is rated the best hotel in the Caribbean by both Conde Nast traveler and Travel & Leisure. Charles Stride, who will be President of FTL is a Chartered Accountant, was an external advisor to the South African Reserve Bank on Exchange Controls and served as the Special Advisor to the South African Minister of Finance from 1995 to 1997. From 1991 to 1994, he was Deputy Chairman of Allied Electronics Corporation Limited, the largest electronics group in South Africa. He was senior partner of Fisher Hoffman Stride, one of South Africa's two largest independent auditing firms, from 1979 to 1991 and served on the main board of Spicer and Oppenheim. Mr. Stride was the deputy chairman of Societe Generale South Africa Limited from 1981 until 1997 when the South African company was absorbed by the parent. He continues to serve as an advisor to major corporations and government owned entities in both Swaziland and South Africa.
FTM and FTL join IFT's other distributors in Asia (First Asia Fuel Corporation), the U.S. (Soliton), South and Central America and selected African countries (Trafigura/Puma), the Middle East (Petrochem) and selected European countries (Expertises Technologies et Services and European Consultants) in assisting IFT in reducing fuel consumption and CO2 emissions worldwide.
About OTCStockExchange.com
OTCStockExchange.com (OTCS) is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. OTCS is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. OTCS's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. OTCS provides all investors with the latest news, press releases, investment opinions, and research reports for all the companies highlighted on the site. OTCS offers a free financial newsletter. To subscribe or get more information, visit our home page located at http://www.otcstockexchange.com .
OTCStockExchange.com (OTCS) based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by OTCS to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. 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 solicitation of an offer to buy or sell securities. OTCS is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.otcstockexchange.com or mentioned herein. OTCS has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion.
OTCS has been compensated by third party shareholders or with cash from the company on behalf of HMNS. OTCS has been compensated 4,000,000 shares on behalf of HMNS for dissemination of this opinion and other professional services.
OTCS's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. OTCS will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCS undertakes no obligation to update such statements.
CONTACT: OTCStockExchange.com e-mail: info@otcstockexchange.com WWW: http://www.otcstockexchange.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com .
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otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com HMNS, RAPT, CYOS, IFUE
Rochester, NY, May 26, 2005 (M2 PRESSWIRE via COMTEX) --
OTCStockExchange.com's "Stock Watch Alert" this morning are Human Science Systems (Pink Sheets: HMNS), Raptor Investments, Inc. (Pink Sheets: RAPT), CYOP Systems International Inc. (OTCBB: CYOS), International Fuel Technology Inc. (OTCBB: IFUE).
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Human Science Systems, Inc. (Pink Sheets: HMNS - http://finance.yahoo.com/q?s=HMNS.PK ) Human Science Systems, Inc. (Pink Sheets:HMNS - News), a contact center consulting and software development firm, today issued a correction to its May 24, 2005 press release entitled Human Science Systems retains South Florida Based Developer. The original release stated that developer & entrepreneur Norman Katz graduated from the University of Florida in May 1995. Mr. Katz graduated a decade earlier, in 1985.
The release introduced Katzscan, Inc. as the firm selected to spearhead the ongoing development of the company's flagship product, Central Authority(TM). In the original release, Lou Mandic, Human Science Systems President & CEO, stated, "Many know that we have been evaluating development firms for the past several weeks. Katzscan seems like an unlikely choice due to the fact that their core strengths lie in barcode applications. However, Norman Katz, founder and President of Katzscan, is an amazing and well rounded developer with a rich background that is well suited to our development efforts. Norman brings an outstanding skill set to the table, which encompasses among other things, experience in database design and development, in-depth knowledge of data migration & integration, and Electronic Data Interchange (EDI) processes & technologies."
Mandic continued, "One of the key factors in our selection of Katzscan is Norman's rapid development capabilities. We are already driving a very aggressive development schedule, and Norman has proven himself capable of reducing our time to market by months."
Speaking today about the selection of Katzscan, Inc., Mandic added that based on Katz's expertise in radio frequency identification and wireless technologies, the company will also be researching the merits of accelerating development of Central Authority Mobile(TM), currently scheduled for release in late 2006.
Norman Katz graduated from the University of Florida in May 1985 with a Bachelor degree in Business Administration majoring in Computer Information Sciences. Norman is also trained and certified in radio frequency identification (RFID) technology. During Norman's career, he worked at the corporate headquarters of some of the country's most recognized consumer product companies, including Fotomat, Tropicana Products, Hanes, and Gitano Manufacturing. Norman's career advanced quickly, moving him from programmer, to Information Technology Manager, to entrepreneur. Using his technical skills, Norman continues to drive Katzscan's success by addressing project needs at the finest level of detail, the data itself, and globally at the business enterprise operations level. With both technical and operational experience & expertise, Norman has successfully implemented creative, innovative, and cost-efficient "surgical strike" solutions to solve his clients' significant business problems with short-term return on investment (ROI) results.
About Katzscan, Inc.
Katzscan, Inc. was founded in January of 1996. Katzscan's clients are typically corporations and education institutions in the range of $20M to $1B annually. Individually, Katzscan's clients are well-recognized as leaders in their respective industries, both in the nation and worldwide. In April 2004, Katzscan was selected as the supply chain consultant to the National Marine Manufacturers Association. Through this on-going relationship, Katzscan will continue to help define the barcode label, packing list, electronic business-to-business, and general business guidelines to enable the industry's accessory manufacturers, distributors, and retailers to better communicate and more efficiently transact day-to-day business. For more information visit http://www.katzscan.com .
About Human Science Systems, Inc.
Human Science Systems is a next generation developer of software for the contact center industry. Its flagship product, Central Authority(TM), will help contact centers collect, administer and optimize the use of all data generated within the contact center operation. The product will provide all levels of staff with accurate, real time information on the four most critical resources within the contact center: employees, technology, physical capacity, and clients. Human Science Systems is a State of Nevada corporation headquartered in Coral Springs, Florida.
For more information visit http://www.humansciencesystems.com or call 1 (954) 603-0495.
Raptor Investments, Inc. (Pink Sheets: RAPT - http://finance.yahoo.com/q?s=RAPT.PK ) Raptor Investments, Inc. announced its projected timetable for the completion of its first acquisition pursuant to the company's announcement on Monday, May 23rd that it was terminating its LOI to acquire Micro-Connections, Inc. and simultaneously shifting its strategy into the eBay drop store, retail thrift, business liquidations, and self-auction businesses. Jamie DeSane, acting CEO of Raptor, commented, "This has been in the works for quite a while, actually. Due Diligence we conducted on Micro-Connections revealed IP that might not be worth protecting, little potential for pricing power and a host of dependency issues."
Raptor Investments announced it has joined Las Vegas based Net2Auction Inc. and Dallas based Orbit Drop, Inc. in the eBay drop store business "but with some significant differences over our eBay reliant brethren," suggests DeSane. "We liked the prospects for the business but were worried about immediate viability as a stand-alone. Every financial model we put together suggested great potential in terms of operational scale and cash flows long-term, but way too many short-term hurdles. We view drop stores as a business that depends on attaining critical mass to be successful, requiring huge capital expenditures with uncertain profitability timetables." He added, "We felt that the franchise option wasn't an option for us because it traded larger long-term cash flows for smaller more immediate cash flows."
Instead, The Company has made a commitment to acquire existing 'bricks n clicks' auction companies with significant revenue history, both independently and through eBay, as well as existing local community consumer-focused 'thrift' store locations that will also serve as eBay drop locations and consignment intake centers. "Virtually every community has a retail thrift store that, depending on the size of the location, generates between $20,000 and $80,000 per month in retail sales," said DeSane. "The size of these stores as well as the revenue stream from retail 'thrift' sales will be the foundation of the Company's chain of eBay drop stores and other businesses." The Company is also targeting the business liquidation market from these locations, which is estimated to exceed $250 Billion a year in the United States.
DeSane remarked, "Over the past three to four weeks our acquisition teams and our acquisition candidates have been working feverishly to complete accretive, "win-win" type transactions for all existing stakeholders. We like the identified candidates because each possesses wholly unique business attributes in addition to tried and true customer, revenue and operating cash flows that fit the overall strategic and operating models exceedingly well. They like the strategic vision in the marriage of these businesses as a catalyst for significant future growth." He added, "At this stage, it looks like we should be able to announce the LOI on at least one acquisition in the next week or so."
CYOP Systems International Inc. (OTCBB: CYOS - http://finance.yahoo.com/q?s=CYOS.OB ) CYOP Systems International Inc. a leading provider of online gaming software, is pleased to announce that it has now launched its much applauded demo version of its online poker product at http://www.redfelt.com/demo.html .
This initial release is to showcase the Company's licensed software to prospective clients, and stakeholders. This version is the English play-for-fun version that is being rolled out on Sina.com. A site for players to wager in real dollars is going through final integration and will be ready for play in the near future.
Red Felt Poker is a full-service turnkey poker gaming system that can be easily deployed by any Licensee. The Company can also provide the necessary management experience and support to licensees and their customers.
More than 200 online poker sites collectively are generating about $2 billion a year in revenues, equal to 40% of last year's $5 billion in gambling revenues from all of the Las Vegas "Strip". An estimated 1.7 million players are active online, meaning they've played in the past six months according to an MECN.net survey
Mitch White, CEO of CYOP, stated that: "With this launch, we are now able to increase the number of games available for licensing and enter the poker industry. Our software has been priced to be competitive in the online poker market, making Red Felt Software a premier choice for both start-ups and established operators alike. Players who have used our games have found them to be realistic and entertaining."
International Fuel Technology Inc. (OTCBB: IFUE - http://finance.yahoo.com/q?s=IFUE.OB ) International Fuel Technology Inc., a fuel science and research company, announced that it has signed an exclusive marketing agreement with FT Marketing Ltd. (FTM) and an exclusive distribution agreement with Fuel Technologies Ltd. (FTL). FTL will distribute IFT's products in South Africa and other African countries including Egypt. FTL has made an initial purchase order of 34 tons of DiesolIFT(tm).
FTL will begin its distribution thrust in Southern Africa, beginning with South Africa, Swaziland and Mozambique where it has already initiated discussions and received positive feedback from significant users of Diesel. Southern Africa alone accounts for almost one third of oil imports to Africa. As most countries in Africa have a trade deficit and since oil accounts for the largest import item for many African countries, FTL sees fast acceptance of IFT's additives as a way to reduce the trade deficit. The recently increased price of oil has exacerbated the trade deficit for many African countries.
Dion Friedland, FTL's Chairman, stated, "Usage of IFT's additives in petroleum based fuels has proven to provide reduced consumption and significant savings for large users of fuel. FTL believes our team can expedite the technology verification and product commercialization processes throughout Africa and in so doing reduce the oil import bill for many African countries. In addition, the improved fuel economy benefits of IFT's technology will reduce CO2 emissions helping governments comply with Kyoto Protocol standards."
Jonathan Burst, IFT's CEO, said, "We are excited to have Dion as our business partner. He brings a lot of experience and commitment to our company. We have had extensive discussions with Dion and expect him to bring us additional commercialization opportunities in other parts of the world as well in the near future."
FTL is a privately owned company assembled to effectuate the commercialization of IFT's products. Dion Friedland, Chairman of both FTM and FTL has built numerous successful business enterprises -- he founded Dion Stores which became the largest discount store retailer in South Africa, nationwide, before he sold the company in 1985.
Mandev training, also founded by Mr. Friedland became the largest retail sales training company in the World in the early 1980s. In 1994 he founded Magnum Funds, well known in the hedge fund industry, and has recently stepped down as president of the Hedge Fund Association which he founded in 1996. His hotel, Cap Juluca, is rated the best hotel in the Caribbean by both Conde Nast traveler and Travel & Leisure. Charles Stride, who will be President of FTL is a Chartered Accountant, was an external advisor to the South African Reserve Bank on Exchange Controls and served as the Special Advisor to the South African Minister of Finance from 1995 to 1997. From 1991 to 1994, he was Deputy Chairman of Allied Electronics Corporation Limited, the largest electronics group in South Africa. He was senior partner of Fisher Hoffman Stride, one of South Africa's two largest independent auditing firms, from 1979 to 1991 and served on the main board of Spicer and Oppenheim. Mr. Stride was the deputy chairman of Societe Generale South Africa Limited from 1981 until 1997 when the South African company was absorbed by the parent. He continues to serve as an advisor to major corporations and government owned entities in both Swaziland and South Africa.
FTM and FTL join IFT's other distributors in Asia (First Asia Fuel Corporation), the U.S. (Soliton), South and Central America and selected African countries (Trafigura/Puma), the Middle East (Petrochem) and selected European countries (Expertises Technologies et Services and European Consultants) in assisting IFT in reducing fuel consumption and CO2 emissions worldwide.
About OTCStockExchange.com
OTCStockExchange.com (OTCS) is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. OTCS is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. OTCS's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. OTCS provides all investors with the latest news, press releases, investment opinions, and research reports for all the companies highlighted on the site. OTCS offers a free financial newsletter. To subscribe or get more information, visit our home page located at http://www.otcstockexchange.com .
OTCStockExchange.com (OTCS) based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by OTCS to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. 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 solicitation of an offer to buy or sell securities. OTCS is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.otcstockexchange.com or mentioned herein. OTCS has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion.
OTCS has been compensated by third party shareholders or with cash from the company on behalf of HMNS. OTCS has been compensated 4,000,000 shares on behalf of HMNS for dissemination of this opinion and other professional services.
OTCS's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. OTCS will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and OTCS undertakes no obligation to update such statements.
CONTACT: OTCStockExchange.com e-mail: info@otcstockexchange.com WWW: http://www.otcstockexchange.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com .
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