Sorry it's a little old from last month but it's all I can find but it should bring you up to date. Convenience TV / Culinary Truths(TM) Joint Venture Receives First Shipment of a Quarter Million Dollars of Fresh Cinnamon
LOS ANGELES, May 22, 2012 (GLOBE NEWSWIRE) -- Convenience TV Inc. (OTCBB:CRPZ) announces that the joint venture between CTVI and Culinary Truths brand has received its first shipment of one quarter of a million dollars worth of cinnamon.
CTVI President and CEO Norman Knowles and Culinary Truths President Dr. Darin Gunesekera agree that this initial shipment awards the joint venture an opportunity to make an immediate impact, as they enter the multi-million dollar organic food market.
About Culinary Truths(TM)
Dr. Gunesekera, or Dr. Darin as he is widely known, formed the Culinary Truths brand (www.culinarytruths.com) in order to offer a top-grade of Sri Lanka Cinnamon to the North American market with later expansion to South America and Europe.
He received his Doctorate degree in Economics from Yale University. He originated a concept for sustainable Slum and Shanty dweller re-housing using the Capital Market in 1998. His project, advising the Sri Lanka Government, was REEL, which completed its first cycle of re-housing and land liberation in 2000. He followed this by refining his concept, called the S-REIT or Social Real Estate Investment Trust, which was adopted as a best practice by UNHABITAT (2008). And in July 2009, through an independent Jury under UNHABITAT, it was given a Business Award as one of the Five Best practices in the World in the field of Affordable Housing.
He was made the first Fellow from Sri Lanka by Ashoka: Innovators for the Public of Washington, DC in 2003. In 2006, his now internationalised work was recognized by the Skoll Foundation (USA) an organization recognizing only 30 globally.
His first public project was as Secretary General setting up the Colombo Stock Exchange and the Securities Council. He is well known in Kenya when he became Capital Markets Authority Advisor and worked on the Nairobi Stock Exchange, to modernize the system. As the Kenyan system increased several times to be a leading African stock exchange, he was also the first Secretary of the African Stock Exchanges Association. Following this, he was Privatisation Advisor to the Government of Uganda and helped the Ministry to launch public auctions and move privatizations to the public route. He has been awarded the "Bourse de Bourses" medal by the Paris Stock Exchange (with the FIBV, world federation).
About Convenience TV Inc.
Convenience TV is focused on the Convenience Store Industry and provides their clients with an "in-location" TV network. The Network is designed to deliver both entertaining content and targeted advertising on a demographic basis to each retail location. In addition, the Network delivers promotional advertising tied to products within the retail location. The programming can be up-dated quickly and is tailored to meet the specific clients' need for increased sales, customer enjoyment and brand reinforcement.
Safe Harbor Statement
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Convenience TV or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of Convenience TV's products, the competitive environment within the industry, the ability of Convenience TV to continue to expand its operations, the level of costs incurred in connection with Convenience TV's expansion efforts, economic conditions in the industry and the financial strength of Convenience TV's customers and suppliers. Convenience TV does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
*Coming Out of Consolidation Mode, Bottom Confirm In at .0006 CRPZ Moving Out of Over Sold Position, Now coming off bottom & Fast mover up trend mode, Low Float.
LEVELLAND, Texas, July 16, 2012 /PRNewswire/ -- Lighthouse Petroleum, Inc. (OTC Pink: LHPT), is pleased to announce that it has entered into an exclusive Memorandum of Understanding ("MOU") with HCE Operating, LLC ("HCE") to purchase a 100% Working Interest and 75% Net Revenue Interest in leases, wells, well bores and equipment for the Reames/Masterson Production located within the Lindsea Bea Field of Haskell County, Texas.
Lighthouse has negotiated to purchase the leases, wells and equipment from HCE for One Million Two Hundred Thousand Dollars ($1,200,000.00). Based on a 1998 geological report, indications are that the leased property contains a producing zone called the Lindsea Bea Conglomerate. The report states that there are Four Hundred Seventy-Two Thousand (472,000) proven undeveloped barrels ("PUD") of oil, less approximately Twenty-Two Thousand (22,000) barrels produced since that date, supporting an economical assumption value of Thirteen Million Five Hundred Thousand Dollars ($13,500,000.00). It is agreed that the report will be updated during the verification process. The MOU and the 1998 geological report were posted as a Supplemental Information Disclosure on OTC Markets on July 13, 2012.
Currently there are Thirteen (13) wells, Two (2) of which are active, producing approximately Six (6) BOE of oil and Twenty-Two (22) MCF of gas per day. In addition to the purchase cost, the MOU states that Lighthouse will incur additional costs to extract the oil and gas and will bear all the risk associated with the recovery. The additional costs for extraction are estimated to not exceed One Million Dollars ($1,000,000.00).
This oil and gas evaluation of reserves report is based solely on the reserve of the Lindsea Bea Conglomerate. The zone is located at a depth of 4,990ft - 5,018ft. The Hendrick Ranch Field, which is the field where these wells are located, is a multi-pay area that contains wells producing from nearby intervals identified as the Lindsea Bea Conglomerate, Bend Conglomerate, Caddo Lime, Strawn Sands, Palo-Pinto Lime, Patio Sands, Lower King and Cook Sand formations. The Lindsea Bea Conglomerate formation is from the Lower Pennsylvanian System, a major producing deltaic movement within the study area. All wells in this project have multiple pay-zones identified in their logs via dual-density logs, dual spectrum logs, Halliburton producing zone log analysis reports, and drilling mud logs.
The MOU stipulates that Lighthouse retains the right to have additional partners it deems necessary to complete this transaction.
It is noteworthy to mention that on June 18, 2012 in a press release, Mr. Todd Violette expanded his current role as CEO of Lighthouse Petroleum and was appointed CEO and became the controlling shareholder of Paradigm Oil and Gas, Inc., a public company trading under the symbol (OTC Pink: PDGO). Mr. Violette looks forward to exploring and maximizing both companies' resources during and upon completion of this transaction.
About Lighthouse Petroleum, Inc. Lighthouse Petroleum, Inc. is a development stage junior oil and gas company. Lighthouse's initial focus will be on acquiring abandoned wells and land leases believed to still have sustainable development opportunities. Lighthouse believes the use of modern technology will enable the company to reduce its risk in the initial phase of development and open up new opportunities. Lighthouse plans to create a base cash flow from reentering these wells and establishing the network to acquire additional land asset in targeted areas. Lighthouse is a growth orientated junior oil and gas company that trading on the OTC markets under the symbol "LHPT". http://www.paradigmoilinc.com/
About Paradigm Oil and Gas Inc. Paradigm Oil and Gas Inc. (OTC Pink: PDGO) identifies and acquires energy properties with previously discovered known oil and gas reserves that have not either been fully produced from, or fully developed and defined. For more information about Paradigm Oil & Gas, visit the website at http://www.ParadigmOilInc.com.
Forward Looking Statement 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. Lighthouse Petroleum, Inc. is an exploration company with limited experience in the oil and gas industry. At the time of this release Lighthouse Petroleum, Inc., lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Lighthouse Petroleum would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list is limited and additional risk not mentioned may apply: failure to meet Lighthouse's financial and contractual obligations and managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact: Investor Relations Henry Harrison IR Pro 2.0, Inc. 407-682-2255 Henry@insidewallstreet.com
Todd Violette, CEO Lighthouse Petroleum, Inc. 1-214-784-3103 tviolette@lighthouselhpt.com