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Thursday, August 18, 2011 6:22:54 PM
FOFU- One to watch
Force Fuels Reports on Technology "250 to 300% Increased Flow on 5 of 10 Existing Wells"
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FORCE FUELS INC
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Press Release Source: Force Fuels, Inc. On Monday August 15, 2011, 5:45 am EDT
COSTA MESA, CA--(Marketwire -08/15/11)- Force Fuels, Inc. (OTC.BB: FOFU.PK - News) -- On 7-25 Force Fuels announced the beginning of testing a new product offered by Well Grounded Energy. This product has been a proven technology which has a 100% successful track record at significantly increasing oil and gas production in over 145 wells. The average increases on oil wells are 250%, 90% on gas wells and 66% on disposal well efficiency.
The Hyper Scratcher System is a multi-phase cleaning system that gives oil companies a cost-effective means of well stimulation by cleaning the immediate interface between producing zone and invaded zone without forcing fluid into formation and altering its permeability. It is designed to be applied in three main types of wells: liner completed wells, inner liner completed wells, and solid string completed wells.
This week Force Fuels has tested the new system on 5 of the 10 existing wells in Kansas. We anticipated a larger increase in oil flow almost immediately; pressure on the wells jumped to six times that prior to the cleaning. Initially, the wells purged debris from 20 to 40 years of being shut-in. Oil production began in the 3rd day with an approximate increase in production of 250 to 300%. The next 5 wells will follow these tests.
"Now the results published by Well Grounded Energy showing one well producing 1 BPD will increase to 2.5 BPD at $100 per barrel; that means an existing well goes from 30 BPD to 75 BPD, or an increase from $3000 to $7500 per month. Multiply that times 10 and you have a net increase of $45,000 on 10 wells per month. These reports are consistent with the initial wells we cleaned," said Tom Hemingway, President and CEO.
About Force Fuels, Inc.
Force Fuels, Inc.'s primary products of the company are regulated and standardized energy based products, which do not require marketing or sales force, thus completely eliminating the related expenses. These energy based products include oil, natural gas, solar, wind and hydrogen. In the oil and gas field the company plans to focus on the purchase of marginally producing shallow oil wells, which are relatively inexpensive to operate and can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.
More information can be obtained at www.ForceFuels.com -- (949) 783-6723
About Well Grounded Energy
Well Grounded Energy is a wholly owned subsidiary of Hyper Scratcher, Inc. who developed the Hyper Scratcher System, tool, and process. This cost-effective, multi-phase cleaning system addresses a major cause of inefficient well production without damaging the formation. Reduced rig time is accomplished with the tool that scratches and hyper washes in one trip. The Hyper Scratcher System's high pressure jets provide continuous 360° washing, while the tool's brushes provide double coverage on liner or casing surfaces. Perforation obstructions are removed with just one application, resulting in the efficient flow of fluid. The Hyper Scratcher System produces superior results in oil wells, gas wells, injector wells and disposal wells.
More information can be obtained at www.wellgrounded.com -- (307) 262-4864
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Contact:
Investor Relations Contacts:
Minataur Group
www.minataurgroup.com
(617) 379-0777
PR Financial Marketing LLC
James Blackman
(713) 256-0369
Email Contact
About $NXOI
Company Overview
Next 1 Interactive, Inc.(OTCBB: NXOI) is moving forward systematically in building out its television network.
A multi faceted media company specializing in Travel and Real Estate. Next One delivers targeted content via digital platforms including Satellite, Cable, Broadcast, Broadband and Mobile.
Along with the full time R&R TV Network, the company will deliver its content and sponsors' messages on Video on Demand outlets enhanced by interactive applications. In today's digital market Next One Interactive delivers information and entertainment to consumers.
The company has created multiple revenue streams including transactional commissions, referral fees, advertising and sponsorship.
Products & Services
Over the last several months, NXOI has reduced its efforts on the R&R TV Network and has instead focused on the Video on Demand platforms.
The 3 main divisions and their supporting platforms within the company are:
The R&R TV Network
Travel Platforms including applications for Video on Demand (VOD)
Real Estate Platforms including application for Video on Demand (VOD)
1. The R&R TV Network
The best known of the divisions is the R&R TV Network. At its peak the Network reached a potential viewership base of close to 30 million households and carried significant programming content for both travel and leisure. The Company's goal from inception had been to grow the distribution of the R&R Network to a targeted 50 million households. Upon achieving this goal the network would:
1) Serve as a key driver for Video on Demand (VOD) and
2) Capture significant advertising revenue due to the reach.
Unfortunately, after several attempts to hit this 50 million household target, it became clear that for reasons ranging from a weak economy for advertisers in both the "travel and real estate" industries to the high costs of operations, the R&R TV Network was going to have to curtail its R&R Network operations or even suspend. The R&R Network operations Company after reviewing several options late last quarter, we curtailed our distribution platform and began negotiations for alternative costing structures and distribution. As of today, we have significantly reduced our operational costs of the network from roughly $850,000 per month to roughly $75,000per month. We have continued negotiations with multiple parties in the travel, real estate and media industries and believe that we will again be able to expand this platform in the near future BUT will only do so in conjunction with sponsorship and advertising support. While the R&R Network was the most visible division of the Company, clearly it was also the most expensive to operate and had the longest timelines to positive cash flow. While we would like to revisit network growth in the future, it is my belief that the Company's greatest opportunities remain in the "interactive and VOD platforms" as they afford us multiple revenue streams (advertising, commissions and referral fees on real estate and travel) and the ability to achieve positive cash flow sooner. It is in these areas that we will continue to focus the bulk of our efforts.
Website:http://www.rrtv.com/
Video: http://www.rrtv.com/shows/golfing-country.html
2. Travel Platforms including applications for Video on Demand (VOD)
During the last quarter the Company focused its travel efforts on two key programs. These include the development and continuing refinement of our R&R Travel Advantage program and a supporting beta test platform for Travel VOD with a major cable operator. The R&R Travel Advantage program was derived from the Company's ability to accept discounted vacation products, such as resort stays and cruises, in exchange for advertising time on its TV and Video on Demand platforms. Membership is $495 and includes a choice of a 4 day cruise or a 7 day luxury resort stay for two people. Company shareholders can become members for $149by going to www.rrtvadvantage.com and entering the promo code - "owner".
To date, we have announced two outside groups that have decided to utilize some of our travel certificates and product offerings. Additionally, there are several groups with whom we are having ongoing negotiations for this program to be a direct to consumer/loyalty and/or an incentive program. The costing structure of this program has largely been absorbed and it is our hope that we will develop a number of new partnerships and be able to acquire a significant distribution platform for these specialty priced vacation products over the next quarter.
3. Real Estate Platforms including applications for Video on Demand (VOD)
One of our major initiatives for the last two years has been the rollout of a National Real Estate Program on VOD, Web and Mobile platforms. To this end, we have developed and introduced a new technology product, which we are marketing to the real estate industry under the name of "Home Preview Channel" in conjunction with its real estate partner - RealBiz Media. The product was officially unveiled in November 2010 at the national conference for real estate professionals, in New Orleans. The product is designed to sit on a real estate agent's computer screen giving them the option to convert their clients home listing to a video and instantly be displayed on over a dozen real estate websites as well as on the real estate VOD section of television in their market for a 30 day period – all for less than the price of most weekend newspaper ads. The response from the real estate industry has remained extraordinary and the consensus remains that the "Home Preview Channel" platform is by far the most innovative and cost effective marketing program available to the real estate industry.
We are working with several major players in the industry to begin new beta testing of a somewhat modified Home Preview Channel platform. Previous testing caused us to rethink our model and the costing structure of our distribution platforms. One major concern has been the need of the cable industry to complete the implementation of interactive and "request for information" (RFI) capabilities. With the fast advance of broadband, mobile and web television, the cable industry has aggressively started to push towards interactive solutions for television, but at present only a minority of the television distribution is capable of providing any meaningful interactive services. While we believe the platform has the potential to position us as an industry leader, it has come with a significant financial investment. Our goal is to continue to work with our partner RealBiz Media in efforts to introduce our VOD platform with RFI capabilities in most of the major cities in theUSA prior to the end of the year. Clearly, this will have to be a staged rollout, but we are targeting a 5 to 10 city beta test of our platform late summer.
I believe Next One's investment in the Real Estate Video on Demand program has properly positioned the company for future growth that has the potential to quickly outstrip all other divisions. Once operating, target groups will include national and regional realtors, bankers, and mortgage brokers as well as a number of supporting service groups. Additionally, once the VOD real estate network is established, there is an immense opportunity to use this platform to capture some of the trillions of dollars of foreclosed real estate properties currently held in the US banking system that must be liquidated.
Follow on facebook: http://www.facebook.com/pages/RR-TV-Network/149702745099911?sk=wall
Follow on Twitter: http://twitter.com/rrtv
Tons of Videos: http://www.youtube.com/RRTelevision
Recent News
Tuesday, August 9, 2011
NEXT 1 INTERACTIVE, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
EDGAR Online (Tue, Aug 9)
Wednesday, August 3, 2011
Webcast Teleconference Announcement for NXOI Shareholder Update on Monday: August 8th, 2011, 11:00am EDT
Marketwire (Wed, Aug 3)
Saturday, July 23, 2011
NEXT 1 INTERACTIVE, INC. Financials
EDGAR Online Financials (Sat, Jul 23)
Conclusions to Product Update above
NXOI: Shareholder Update
PR Newswire (Tue, Jul 19)
http://finance.yahoo.com/news/NXOI-Shareholder-prnews-187483474.html?x=0&.v=1
While the last year has been a very painful process for our directors, employees and shareholders, please know that we have been working diligently to reassess the business model and adapt it to the current economic environment. To this end, we have:
Reduced our monthly operating costs from roughly $1.3 million per month to $200,000 per month.
We have either eliminated or changed our programs with our major partners from a minimum monthly guaranteed payment in favor of a model that is primarily driven by a revenue share.
We have developed significant partners and unique platforms in both the travel and real estate arenas. I believe the implementation of these projects will finally occur during this quarter and the multiple revenue streams we have hoped for over the past few years will become evident reality.
There is no doubt that an additional financing will be needed to fully implement our programs. However, the reduction in operating costs by over $1 million per month combined with the significant potential of new contracts in both the real estate and travel arenas should greatly reduce the amount needed to allow us to execute the business model.
My hope is, this outline helps in a better understanding of our current VOD and Network positioning.
We certainly appreciate our shareholders continued support in turbulent times and will continue to work diligently towards growing our strategic relationships and technology in real estate, travel and media properties.
Sincerely,
Bill Kerby
Vice Chairman & CEO
Contact Info
Next One Interactive, Inc.
2690 Weston Road
Suite 200
Weston, FL 33331
Phone: 954.888.9779
Fax: 954.888.9082
Email: investorrelations@nxoi.com
Email: webmaster@nxoi.com
Website: http://www.nxoi.com
Force Fuels Reports on Technology "250 to 300% Increased Flow on 5 of 10 Existing Wells"
marketwire
tweet
Companies:
FORCE FUELS INC
Related Quotes
Symbol Price Change
FOFU.PK 0.10 -0.00
Chart for FORCE FUELS INC
Press Release Source: Force Fuels, Inc. On Monday August 15, 2011, 5:45 am EDT
COSTA MESA, CA--(Marketwire -08/15/11)- Force Fuels, Inc. (OTC.BB: FOFU.PK - News) -- On 7-25 Force Fuels announced the beginning of testing a new product offered by Well Grounded Energy. This product has been a proven technology which has a 100% successful track record at significantly increasing oil and gas production in over 145 wells. The average increases on oil wells are 250%, 90% on gas wells and 66% on disposal well efficiency.
The Hyper Scratcher System is a multi-phase cleaning system that gives oil companies a cost-effective means of well stimulation by cleaning the immediate interface between producing zone and invaded zone without forcing fluid into formation and altering its permeability. It is designed to be applied in three main types of wells: liner completed wells, inner liner completed wells, and solid string completed wells.
This week Force Fuels has tested the new system on 5 of the 10 existing wells in Kansas. We anticipated a larger increase in oil flow almost immediately; pressure on the wells jumped to six times that prior to the cleaning. Initially, the wells purged debris from 20 to 40 years of being shut-in. Oil production began in the 3rd day with an approximate increase in production of 250 to 300%. The next 5 wells will follow these tests.
"Now the results published by Well Grounded Energy showing one well producing 1 BPD will increase to 2.5 BPD at $100 per barrel; that means an existing well goes from 30 BPD to 75 BPD, or an increase from $3000 to $7500 per month. Multiply that times 10 and you have a net increase of $45,000 on 10 wells per month. These reports are consistent with the initial wells we cleaned," said Tom Hemingway, President and CEO.
About Force Fuels, Inc.
Force Fuels, Inc.'s primary products of the company are regulated and standardized energy based products, which do not require marketing or sales force, thus completely eliminating the related expenses. These energy based products include oil, natural gas, solar, wind and hydrogen. In the oil and gas field the company plans to focus on the purchase of marginally producing shallow oil wells, which are relatively inexpensive to operate and can be optimized with existing technologies; the purchase of leases with potential for additional drilling in proven producing areas; and the acquisition of in-house know-how to further optimize production through stimulation, refurbishing and site optimization.
More information can be obtained at www.ForceFuels.com -- (949) 783-6723
About Well Grounded Energy
Well Grounded Energy is a wholly owned subsidiary of Hyper Scratcher, Inc. who developed the Hyper Scratcher System, tool, and process. This cost-effective, multi-phase cleaning system addresses a major cause of inefficient well production without damaging the formation. Reduced rig time is accomplished with the tool that scratches and hyper washes in one trip. The Hyper Scratcher System's high pressure jets provide continuous 360° washing, while the tool's brushes provide double coverage on liner or casing surfaces. Perforation obstructions are removed with just one application, resulting in the efficient flow of fluid. The Hyper Scratcher System produces superior results in oil wells, gas wells, injector wells and disposal wells.
More information can be obtained at www.wellgrounded.com -- (307) 262-4864
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Contact:
Investor Relations Contacts:
Minataur Group
www.minataurgroup.com
(617) 379-0777
PR Financial Marketing LLC
James Blackman
(713) 256-0369
Email Contact
About $NXOI
Company Overview
Next 1 Interactive, Inc.(OTCBB: NXOI) is moving forward systematically in building out its television network.
A multi faceted media company specializing in Travel and Real Estate. Next One delivers targeted content via digital platforms including Satellite, Cable, Broadcast, Broadband and Mobile.
Along with the full time R&R TV Network, the company will deliver its content and sponsors' messages on Video on Demand outlets enhanced by interactive applications. In today's digital market Next One Interactive delivers information and entertainment to consumers.
The company has created multiple revenue streams including transactional commissions, referral fees, advertising and sponsorship.
Products & Services
Over the last several months, NXOI has reduced its efforts on the R&R TV Network and has instead focused on the Video on Demand platforms.
The 3 main divisions and their supporting platforms within the company are:
The R&R TV Network
Travel Platforms including applications for Video on Demand (VOD)
Real Estate Platforms including application for Video on Demand (VOD)
1. The R&R TV Network
The best known of the divisions is the R&R TV Network. At its peak the Network reached a potential viewership base of close to 30 million households and carried significant programming content for both travel and leisure. The Company's goal from inception had been to grow the distribution of the R&R Network to a targeted 50 million households. Upon achieving this goal the network would:
1) Serve as a key driver for Video on Demand (VOD) and
2) Capture significant advertising revenue due to the reach.
Unfortunately, after several attempts to hit this 50 million household target, it became clear that for reasons ranging from a weak economy for advertisers in both the "travel and real estate" industries to the high costs of operations, the R&R TV Network was going to have to curtail its R&R Network operations or even suspend. The R&R Network operations Company after reviewing several options late last quarter, we curtailed our distribution platform and began negotiations for alternative costing structures and distribution. As of today, we have significantly reduced our operational costs of the network from roughly $850,000 per month to roughly $75,000per month. We have continued negotiations with multiple parties in the travel, real estate and media industries and believe that we will again be able to expand this platform in the near future BUT will only do so in conjunction with sponsorship and advertising support. While the R&R Network was the most visible division of the Company, clearly it was also the most expensive to operate and had the longest timelines to positive cash flow. While we would like to revisit network growth in the future, it is my belief that the Company's greatest opportunities remain in the "interactive and VOD platforms" as they afford us multiple revenue streams (advertising, commissions and referral fees on real estate and travel) and the ability to achieve positive cash flow sooner. It is in these areas that we will continue to focus the bulk of our efforts.
Website:http://www.rrtv.com/
Video: http://www.rrtv.com/shows/golfing-country.html
2. Travel Platforms including applications for Video on Demand (VOD)
During the last quarter the Company focused its travel efforts on two key programs. These include the development and continuing refinement of our R&R Travel Advantage program and a supporting beta test platform for Travel VOD with a major cable operator. The R&R Travel Advantage program was derived from the Company's ability to accept discounted vacation products, such as resort stays and cruises, in exchange for advertising time on its TV and Video on Demand platforms. Membership is $495 and includes a choice of a 4 day cruise or a 7 day luxury resort stay for two people. Company shareholders can become members for $149by going to www.rrtvadvantage.com and entering the promo code - "owner".
To date, we have announced two outside groups that have decided to utilize some of our travel certificates and product offerings. Additionally, there are several groups with whom we are having ongoing negotiations for this program to be a direct to consumer/loyalty and/or an incentive program. The costing structure of this program has largely been absorbed and it is our hope that we will develop a number of new partnerships and be able to acquire a significant distribution platform for these specialty priced vacation products over the next quarter.
3. Real Estate Platforms including applications for Video on Demand (VOD)
One of our major initiatives for the last two years has been the rollout of a National Real Estate Program on VOD, Web and Mobile platforms. To this end, we have developed and introduced a new technology product, which we are marketing to the real estate industry under the name of "Home Preview Channel" in conjunction with its real estate partner - RealBiz Media. The product was officially unveiled in November 2010 at the national conference for real estate professionals, in New Orleans. The product is designed to sit on a real estate agent's computer screen giving them the option to convert their clients home listing to a video and instantly be displayed on over a dozen real estate websites as well as on the real estate VOD section of television in their market for a 30 day period – all for less than the price of most weekend newspaper ads. The response from the real estate industry has remained extraordinary and the consensus remains that the "Home Preview Channel" platform is by far the most innovative and cost effective marketing program available to the real estate industry.
We are working with several major players in the industry to begin new beta testing of a somewhat modified Home Preview Channel platform. Previous testing caused us to rethink our model and the costing structure of our distribution platforms. One major concern has been the need of the cable industry to complete the implementation of interactive and "request for information" (RFI) capabilities. With the fast advance of broadband, mobile and web television, the cable industry has aggressively started to push towards interactive solutions for television, but at present only a minority of the television distribution is capable of providing any meaningful interactive services. While we believe the platform has the potential to position us as an industry leader, it has come with a significant financial investment. Our goal is to continue to work with our partner RealBiz Media in efforts to introduce our VOD platform with RFI capabilities in most of the major cities in theUSA prior to the end of the year. Clearly, this will have to be a staged rollout, but we are targeting a 5 to 10 city beta test of our platform late summer.
I believe Next One's investment in the Real Estate Video on Demand program has properly positioned the company for future growth that has the potential to quickly outstrip all other divisions. Once operating, target groups will include national and regional realtors, bankers, and mortgage brokers as well as a number of supporting service groups. Additionally, once the VOD real estate network is established, there is an immense opportunity to use this platform to capture some of the trillions of dollars of foreclosed real estate properties currently held in the US banking system that must be liquidated.
Follow on facebook: http://www.facebook.com/pages/RR-TV-Network/149702745099911?sk=wall
Follow on Twitter: http://twitter.com/rrtv
Tons of Videos: http://www.youtube.com/RRTelevision
Recent News
Tuesday, August 9, 2011
NEXT 1 INTERACTIVE, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
EDGAR Online (Tue, Aug 9)
Wednesday, August 3, 2011
Webcast Teleconference Announcement for NXOI Shareholder Update on Monday: August 8th, 2011, 11:00am EDT
Marketwire (Wed, Aug 3)
Saturday, July 23, 2011
NEXT 1 INTERACTIVE, INC. Financials
EDGAR Online Financials (Sat, Jul 23)
Conclusions to Product Update above
NXOI: Shareholder Update
PR Newswire (Tue, Jul 19)
http://finance.yahoo.com/news/NXOI-Shareholder-prnews-187483474.html?x=0&.v=1
While the last year has been a very painful process for our directors, employees and shareholders, please know that we have been working diligently to reassess the business model and adapt it to the current economic environment. To this end, we have:
Reduced our monthly operating costs from roughly $1.3 million per month to $200,000 per month.
We have either eliminated or changed our programs with our major partners from a minimum monthly guaranteed payment in favor of a model that is primarily driven by a revenue share.
We have developed significant partners and unique platforms in both the travel and real estate arenas. I believe the implementation of these projects will finally occur during this quarter and the multiple revenue streams we have hoped for over the past few years will become evident reality.
There is no doubt that an additional financing will be needed to fully implement our programs. However, the reduction in operating costs by over $1 million per month combined with the significant potential of new contracts in both the real estate and travel arenas should greatly reduce the amount needed to allow us to execute the business model.
My hope is, this outline helps in a better understanding of our current VOD and Network positioning.
We certainly appreciate our shareholders continued support in turbulent times and will continue to work diligently towards growing our strategic relationships and technology in real estate, travel and media properties.
Sincerely,
Bill Kerby
Vice Chairman & CEO
Contact Info
Next One Interactive, Inc.
2690 Weston Road
Suite 200
Weston, FL 33331
Phone: 954.888.9779
Fax: 954.888.9082
Email: investorrelations@nxoi.com
Email: webmaster@nxoi.com
Website: http://www.nxoi.com
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