Penny Stocks
Jul 25, 2008 1:00:00 PM
ATLANTA, GA -- (MARKET WIRE) -- 07/25/08 -- Medspas of America Inc. (PINKSHEETS: MEDP), www.medspasofamerica.com, announced today that Dr. Jon Bragi Bjarnason, Chief Executive Officer and Founder of Zymetech Inc., www.zymetech.com, has joined the Company's Advisory Board.
Dr. Bjarnason discovered a highly active marine enzyme off the coast of Iceland that is now known as Penzim. After extensive research on the marine enzyme's wound healing capabilities, Dr. Bjarnason received the worldwide patent for Penzim, the trade name of this enzyme and the main ingredient in Natural Renu's anti-aging product line.
Dr. Bjarnason is a Professor of Biochemistry at the University of Iceland and has served as Chairman, Department of Chemistry, University of Iceland; Chairman, Science Institute, University of Iceland; Visiting Professor, Department of Biochemistry, Colorado State University; Visiting Professor, Department of Microbiology, and is currently a Visiting Professor at the University of Virginia Medical School.
Dr. Bjaranson holds a Bachelor of Science in Chemistry from the University of Iceland and a Ph.D. in Biochemistry from Colorado State University, Fort Collins, Colorado. Dr, Bjarnason has received a fellowship from the Alexander von Humbolt Foundation and a fellowship from NATO.
POWN | Walt Disney Studios Extends Stan Lee's POW Entertainment, Inc Deal
Penny Stocks News
Jul 25, 2008 9:00:00 AM
SAN DIEGO--(BUSINESS WIRE)--
Stan Lee, visionary co-creator of Spider-Man, X-Men, Iron Man, The Hulk, Daredevil and the Fantastic Four, is teaming up with Walt Disney Studios Home Entertainment (WDSHE) to introduce a revolutionary new concept in original superheroes and the comic book format: Time Jumper, which will become the industry's most ambitious digital comic book series ever designed to release on multiple platforms. In addition to the 'Time Jumper' initiative, The Walt Disney Studios announced an extension of Stan Lee's POW Entertainment, Inc production deal that covers all forms of media from movies and television through to publishing, games, the Internet and mobile-Web.
POW! Entertainment, Inc. (PK:POWN), Stan Lee's media production company, in partnership with WDSHE is developing the central arc of the story and mythology of Time Jumper. In tandem, Disney Interactive Media Group's Disney Online and Disney Publishing Worldwide will be working collaboratively to develop their own made-for-medium content using the mythology across Web, mobile and a host of publishing platforms, and help augment digital distribution opportunities which will ensure an overall enhanced consumer experience.
Time Jumper is being written and developed to offer a dynamic opportunity for consumers to engage in a multi-dimensional narrative adapted specifically for various platforms, to maximize their experience and interaction with the characters and their universe trans-media. Consumers will have the accessibility to download single or multiple episodes onto a media platform of their choice anytime, anywhere, as well as purchase the comic book in print. The new digital comic book format combines the traditional print look and feel, including dialogue and thought bubbles, with today's cutting edge multimedia elements, including edgy visuals, music, voices and a fast-paced storyboard, to take a classic genre into the next dimension.
Stan Lee said, "I am honored to be in association with Disney, not only through the extension of our original deal, but also in breaking ground by creating a new superhero, that is destined to bring his own brand of thrills and adventure to so many varied forms of story telling as only Disney can provide them." Lee continued, "Our 'Time Jumper' is more than a typical superhero. He's a trend-setting breakthrough across all media; a hero for today's digital age and tomorrow's multiplatform entertainment."
"This is an exciting project for everyone involved, and our aim is to deliver great content, that will enrich and deepen the consumers experience," commented Bob Chapek, Walt Disney Studios Home Entertainment Worldwide President. "We feel that the dynamic delivery of this important Studio initiative, coupled with the fact that we are working in collaboration with such a master storyteller as Stan Lee, will make this an electrifying product."
"'Time Jumper' is a natural fit for interactive media and we're thrilled to be working with such a creative visionary to help bring the story to life through multiple digital platforms including the Internet and mobile Web," stated Paul Yanover, executive vice president and general manager, Disney Online. "Our focus is to not only help deliver the story, but become an interactive part of telling the story of 'Time Jumper.'"
"Disney Publishing Worldwide is thrilled to give kids an incredibly unique reading experience through 'Time Jumper,'" said Russell Hampton, president, DPW. "We are very proud to add Stan Lee's comics and graphic novels in both print and digital formats to our rich heritage of storytelling."
About Time Jumper
Terry Dixon, the greatest agent of the secret government organization known as HUNT (Heroes United, Noble and True), has a cell phone like no other. Invented by Terry's father, it's called The Articulus and it has all the latest and greatest cell phone features--plus one: It's also a time machine!
Ever mindful of the dangers of Articulus falling into the wrong hands, Terry's father ensured that it can be operated by only two people on earth--Terry and his brother Sam. But Sam, the original Time Jumper, has been lost in time, forcing Terry, an unlikely hero, to step into his shoes. As Terry's search for his brother propels him through space and time, he is pursued by Charity Vyle, the beautiful, diabolical head of a worldwide criminal cartel called CULT (Council of Unlawful, Loathsome Terrorists), who wants Articulus for her own nefarious schemes. Each episode, Terry tries to stay one step ahead of his sworn enemy, while tracking down new clues to Sam's whereabouts.
POW! (Purveyors of Wonder) Entertainment, Inc. (Pink Sheets:POWN), an advanced media and entertainment company with a first-look deal with Disney, was founded by world-famous comic book and motion picture icon Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman, Esq. POW!'s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW!, capitalizing on this combined expertise, specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment's top echelon, including studios and networks, in the creation, licensing and distribution of new POW! character franchises. www.powentertainment.com
Jul 25, 2008 9:00:00 AM
SAN DIEGO--(BUSINESS WIRE)--
Stan Lee, visionary co-creator of Spider-Man, X-Men, Iron Man, The Hulk, Daredevil and the Fantastic Four, is teaming up with Walt Disney Studios Home Entertainment (WDSHE) to introduce a revolutionary new concept in original superheroes and the comic book format: Time Jumper, which will become the industry's most ambitious digital comic book series ever designed to release on multiple platforms. In addition to the 'Time Jumper' initiative, The Walt Disney Studios announced an extension of Stan Lee's POW Entertainment, Inc production deal that covers all forms of media from movies and television through to publishing, games, the Internet and mobile-Web.
POW! Entertainment, Inc. (PK:POWN), Stan Lee's media production company, in partnership with WDSHE is developing the central arc of the story and mythology of Time Jumper. In tandem, Disney Interactive Media Group's Disney Online and Disney Publishing Worldwide will be working collaboratively to develop their own made-for-medium content using the mythology across Web, mobile and a host of publishing platforms, and help augment digital distribution opportunities which will ensure an overall enhanced consumer experience.
Time Jumper is being written and developed to offer a dynamic opportunity for consumers to engage in a multi-dimensional narrative adapted specifically for various platforms, to maximize their experience and interaction with the characters and their universe trans-media. Consumers will have the accessibility to download single or multiple episodes onto a media platform of their choice anytime, anywhere, as well as purchase the comic book in print. The new digital comic book format combines the traditional print look and feel, including dialogue and thought bubbles, with today's cutting edge multimedia elements, including edgy visuals, music, voices and a fast-paced storyboard, to take a classic genre into the next dimension.
Stan Lee said, "I am honored to be in association with Disney, not only through the extension of our original deal, but also in breaking ground by creating a new superhero, that is destined to bring his own brand of thrills and adventure to so many varied forms of story telling as only Disney can provide them." Lee continued, "Our 'Time Jumper' is more than a typical superhero. He's a trend-setting breakthrough across all media; a hero for today's digital age and tomorrow's multiplatform entertainment."
"This is an exciting project for everyone involved, and our aim is to deliver great content, that will enrich and deepen the consumers experience," commented Bob Chapek, Walt Disney Studios Home Entertainment Worldwide President. "We feel that the dynamic delivery of this important Studio initiative, coupled with the fact that we are working in collaboration with such a master storyteller as Stan Lee, will make this an electrifying product."
"'Time Jumper' is a natural fit for interactive media and we're thrilled to be working with such a creative visionary to help bring the story to life through multiple digital platforms including the Internet and mobile Web," stated Paul Yanover, executive vice president and general manager, Disney Online. "Our focus is to not only help deliver the story, but become an interactive part of telling the story of 'Time Jumper.'"
"Disney Publishing Worldwide is thrilled to give kids an incredibly unique reading experience through 'Time Jumper,'" said Russell Hampton, president, DPW. "We are very proud to add Stan Lee's comics and graphic novels in both print and digital formats to our rich heritage of storytelling."
About Time Jumper
Terry Dixon, the greatest agent of the secret government organization known as HUNT (Heroes United, Noble and True), has a cell phone like no other. Invented by Terry's father, it's called The Articulus and it has all the latest and greatest cell phone features--plus one: It's also a time machine!
Ever mindful of the dangers of Articulus falling into the wrong hands, Terry's father ensured that it can be operated by only two people on earth--Terry and his brother Sam. But Sam, the original Time Jumper, has been lost in time, forcing Terry, an unlikely hero, to step into his shoes. As Terry's search for his brother propels him through space and time, he is pursued by Charity Vyle, the beautiful, diabolical head of a worldwide criminal cartel called CULT (Council of Unlawful, Loathsome Terrorists), who wants Articulus for her own nefarious schemes. Each episode, Terry tries to stay one step ahead of his sworn enemy, while tracking down new clues to Sam's whereabouts.
POW! (Purveyors of Wonder) Entertainment, Inc. (Pink Sheets:POWN), an advanced media and entertainment company with a first-look deal with Disney, was founded by world-famous comic book and motion picture icon Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman, Esq. POW!'s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW!, capitalizing on this combined expertise, specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment's top echelon, including studios and networks, in the creation, licensing and distribution of new POW! character franchises. www.powentertainment.com
WSCE | Wescorp's Flowstar Technologies Receives Order Estimated Over $1,000,000
Penny Stock News On The OTCBB Exchange
Flowstar Technologies sells its largest well head upgrade and communication equipment and associated secured Web hosting services solution
HOUSTON, TEXAS AND CALGARY, ALBERTA--(Marketwire - July 24, 2008) - Wescorp Energy Inc. (OTCBB:WSCE), an oil and gas technology solutions provider, is pleased to announce that Flowstar Technologies, a wholly owned subsidiary, has signed an agreement with a Canadian-based oil and gas operator to deploy well head measurement and communication equipment and associated IFMWorks web host services to an operating gas field. Under the terms of the agreement, a minimum of 200 existing wells will be outfitted with specialized communication panels and appropriate Electronic Flow Meter (EFM) upgrades. All production data from the 200 newly serviced wells and from an additional 100 operating wells, which were previously being serviced by Flowstar, will be activated onto Wescorp Energy's proprietary IFMWorks Web SCADA system which is designed to be used in a wide range of flow measurement and production data collection applications. IFMWorks is a web-enabled hosting solution that collects production data from remote locations and displays it to Internet-connected computers in near real time.
Mark Norris, Chairman of Wescorp commented, "We are very pleased that our customer chose Wescorp's Flowstar solution to provide operational excellence in its gas field. Wescorp's propriety IFMWorks boasts several distinguishing features including collection of data at central locations to minimize communication costs, data collection at the customers determined frequency, seamless transition of data to production accounting packages, alarm notification and trending of data at determined collection frequencies. Customers that are embracing this full solution are reducing operational costs and increasing reporting accuracies and efficiencies."
Doug Biles, President and CEO commented, "This is Flowstar's largest rollout order to date and gives us great confidence that the industry is realizing the value our technology-based solutions provide to oil and gas operators. We estimate the complete order to be in excess of one million dollars. Wescorp is becoming known as oil and gas measurement specialists and water remediation experts in our key areas of solution implementation. Materials, product and packaging for the installation of the equipment have been ordered and is currently being manufactured. Field installations will begin within 30 days."
Flowstar Technologies sells its largest well head upgrade and communication equipment and associated secured Web hosting services solution
HOUSTON, TEXAS AND CALGARY, ALBERTA--(Marketwire - July 24, 2008) - Wescorp Energy Inc. (OTCBB:WSCE), an oil and gas technology solutions provider, is pleased to announce that Flowstar Technologies, a wholly owned subsidiary, has signed an agreement with a Canadian-based oil and gas operator to deploy well head measurement and communication equipment and associated IFMWorks web host services to an operating gas field. Under the terms of the agreement, a minimum of 200 existing wells will be outfitted with specialized communication panels and appropriate Electronic Flow Meter (EFM) upgrades. All production data from the 200 newly serviced wells and from an additional 100 operating wells, which were previously being serviced by Flowstar, will be activated onto Wescorp Energy's proprietary IFMWorks Web SCADA system which is designed to be used in a wide range of flow measurement and production data collection applications. IFMWorks is a web-enabled hosting solution that collects production data from remote locations and displays it to Internet-connected computers in near real time.
Mark Norris, Chairman of Wescorp commented, "We are very pleased that our customer chose Wescorp's Flowstar solution to provide operational excellence in its gas field. Wescorp's propriety IFMWorks boasts several distinguishing features including collection of data at central locations to minimize communication costs, data collection at the customers determined frequency, seamless transition of data to production accounting packages, alarm notification and trending of data at determined collection frequencies. Customers that are embracing this full solution are reducing operational costs and increasing reporting accuracies and efficiencies."
Doug Biles, President and CEO commented, "This is Flowstar's largest rollout order to date and gives us great confidence that the industry is realizing the value our technology-based solutions provide to oil and gas operators. We estimate the complete order to be in excess of one million dollars. Wescorp is becoming known as oil and gas measurement specialists and water remediation experts in our key areas of solution implementation. Materials, product and packaging for the installation of the equipment have been ordered and is currently being manufactured. Field installations will begin within 30 days."
FFGO | Fortress Financial Group, Inc. Addresses Issues Raised By Shareholders
Company Clarifies a Number of Issues Raised by Its Stockholders
Jul 25, 2008 10:38:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/25/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on July 24, 2008 that the Company had resolved to distribute an amount of US$400 million of its Gold Assets to its Stockholders, in the form of an Extraordinary Dividend.
This Extraordinary Dividend equates to an amount of 1.24 cents per share of Common Stock based upon the outstanding shares of the Company's Stock at July 24, 2008. The Company receives an amount of US$500 million in quoted Gold Mining stock ("Goldco") in exchange for its stockholding in the "Bouse" and "South Copperstone" Gold Mining & Exploration companies. This transaction will be consummated in August of 2008. Our calculations of this valuation are contained in the latest Form 8-K filings with the SEC.
Read more..
Jul 25, 2008 10:38:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/25/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) announced on July 24, 2008 that the Company had resolved to distribute an amount of US$400 million of its Gold Assets to its Stockholders, in the form of an Extraordinary Dividend.
This Extraordinary Dividend equates to an amount of 1.24 cents per share of Common Stock based upon the outstanding shares of the Company's Stock at July 24, 2008. The Company receives an amount of US$500 million in quoted Gold Mining stock ("Goldco") in exchange for its stockholding in the "Bouse" and "South Copperstone" Gold Mining & Exploration companies. This transaction will be consummated in August of 2008. Our calculations of this valuation are contained in the latest Form 8-K filings with the SEC.
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Global Entertainment Commences Production on Female Super Hero Thriller "Spiderella"
Penny Stocks News Round Up
"The Dark Knight's" Record-Breaking Box Office Impetus for Advancing Start Date
Jul 25, 2008 9:45:00 AM
BEVERLY HILLS, CA -- (MARKET WIRE) -- 07/25/08 -- Global Entertainment Acquisition Corporation, headed up by iconic producer Maurice Smith and trading under the symbol (PINKSHEETS: PSRZ), announced today it has begun production of its first motion picture, "Spiderella." On the heels of the phenomenal record breaking box office success of "The Dark Knight," the latest in the "Batman" movies, Producer Maurice Smith has decided to advance the start date of Global's first motion picture and is commencing casting on the movie immediately.
Veteran Casting Director Gerald Wolf ("Public Enemy Number 1," "Primary Suspect," "Fear Runs Silent," "Instincts To Kill") has been engaged in a nationwide search for the actress who will play the lead role of Spiderella. "What we are looking for is a star that has a unique blend of innocence and beauty but with the ability to become a believable action figure when she takes on the Spiderella persona," says producer Maurice Smith. "I'm not ruling anybody out. We will search the planet for the perfect actor to portray this complex character. This has a chance to be special. Very Special"
Smith has a knack for launching new talent that have gone on to enjoy successful careers as actors in the motion picture industry and is excited about the prospect of finding another potential star. Two of the more recent actors whose careers he helped get launched are Masiela Lusha, who stars as George Lopez's daughter in the ABC Series "The George Lopez Show," and superstar singing sensation Michael Buble, whom he starred in the film "Totally Blonde," just in the past few years.
Timing is everything in the movie business, says Smith, and he wants to have filming starting on the motion picture within the next sixty days so that the film will be ready for distribution before Spring 2009.
The news today comes on the heels of some exciting acquisitions and relationships announced by Global Entertainment recently including bringing in Michael Greenfield, a veteran agent, manager and TV and Film packager ("Walker, Texas Ranger), acquiring several comedy screenplays to slate for production in '09 and partnering with Tom Alexander from "The Sportsmans' Daily" on a comedy franchise soon to be named.
"The Dark Knight's" Record-Breaking Box Office Impetus for Advancing Start Date
Jul 25, 2008 9:45:00 AM
BEVERLY HILLS, CA -- (MARKET WIRE) -- 07/25/08 -- Global Entertainment Acquisition Corporation, headed up by iconic producer Maurice Smith and trading under the symbol (PINKSHEETS: PSRZ), announced today it has begun production of its first motion picture, "Spiderella." On the heels of the phenomenal record breaking box office success of "The Dark Knight," the latest in the "Batman" movies, Producer Maurice Smith has decided to advance the start date of Global's first motion picture and is commencing casting on the movie immediately.
Veteran Casting Director Gerald Wolf ("Public Enemy Number 1," "Primary Suspect," "Fear Runs Silent," "Instincts To Kill") has been engaged in a nationwide search for the actress who will play the lead role of Spiderella. "What we are looking for is a star that has a unique blend of innocence and beauty but with the ability to become a believable action figure when she takes on the Spiderella persona," says producer Maurice Smith. "I'm not ruling anybody out. We will search the planet for the perfect actor to portray this complex character. This has a chance to be special. Very Special"
Smith has a knack for launching new talent that have gone on to enjoy successful careers as actors in the motion picture industry and is excited about the prospect of finding another potential star. Two of the more recent actors whose careers he helped get launched are Masiela Lusha, who stars as George Lopez's daughter in the ABC Series "The George Lopez Show," and superstar singing sensation Michael Buble, whom he starred in the film "Totally Blonde," just in the past few years.
Timing is everything in the movie business, says Smith, and he wants to have filming starting on the motion picture within the next sixty days so that the film will be ready for distribution before Spring 2009.
The news today comes on the heels of some exciting acquisitions and relationships announced by Global Entertainment recently including bringing in Michael Greenfield, a veteran agent, manager and TV and Film packager ("Walker, Texas Ranger), acquiring several comedy screenplays to slate for production in '09 and partnering with Tom Alexander from "The Sportsmans' Daily" on a comedy franchise soon to be named.
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SIVC | S3 Investment Company, Inc. Announces Successful Settlement Of Legal Action
Penny Stocks News Roundup
Jul 25, 2008 10:00:00 AM
DANVILLE, CA -- (MARKET WIRE) -- 07/25/08 -- S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with subsidiary operations in the China market, today announced the successful settlement of a legal action that S3 brought against a financial services firm that had represented the company under a consulting agreement.
Specific terms are confidential, but S3 received a cash payment as part of the settlement. In addition to the cash payment, fees due from S3 to the financial services company under terms of the consulting agreement between the two parties were eliminated as were warrants that were to be granted by S3 as part of the agreement.
"We are very pleased to have achieved a successful resolution to this matter," stated Jim Bickel, chairman and chief executive officer of S3 Investment Company.
Jul 25, 2008 10:00:00 AM
DANVILLE, CA -- (MARKET WIRE) -- 07/25/08 -- S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with subsidiary operations in the China market, today announced the successful settlement of a legal action that S3 brought against a financial services firm that had represented the company under a consulting agreement.
Specific terms are confidential, but S3 received a cash payment as part of the settlement. In addition to the cash payment, fees due from S3 to the financial services company under terms of the consulting agreement between the two parties were eliminated as were warrants that were to be granted by S3 as part of the agreement.
"We are very pleased to have achieved a successful resolution to this matter," stated Jim Bickel, chairman and chief executive officer of S3 Investment Company.
RDWG | Road Wings Buys More Stock in OneFi Tech
Penny Stocks News On The Pink Sheets
Jul 25, 2008 9:45:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/25/08 -- Road Wings, Inc. (PINKSHEETS: RDWG) today announced the second acquisition of stock from OneFi Technologies, Inc. pursuant to the recently announced stock purchase agreement between the two parties. Mr. Travis Grimmett, President of Road Wings, stated, "Our Company, as the primary source of funding for OneFi, is in an enviable position. As OneFi adds revenue producing cities to its services, Road Wings increases its stock position."
OneFi and Road Wings recently announced that OneFi has been approved and is currently installing its WiMax/WiFi communications system in the city of Buena Park, CA. The OneFi Technology networks broadband signal will allow the citizens of Buena Park to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The standard network allows for 802.11-b-g, but the OneFi Technology network design incorporates the WiMax 801.16e signal which will go as far as twenty miles and also OneFi Technology uses 802.11-b-g and n to allow last mile user access.
Jul 25, 2008 9:45:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/25/08 -- Road Wings, Inc. (PINKSHEETS: RDWG) today announced the second acquisition of stock from OneFi Technologies, Inc. pursuant to the recently announced stock purchase agreement between the two parties. Mr. Travis Grimmett, President of Road Wings, stated, "Our Company, as the primary source of funding for OneFi, is in an enviable position. As OneFi adds revenue producing cities to its services, Road Wings increases its stock position."
OneFi and Road Wings recently announced that OneFi has been approved and is currently installing its WiMax/WiFi communications system in the city of Buena Park, CA. The OneFi Technology networks broadband signal will allow the citizens of Buena Park to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The standard network allows for 802.11-b-g, but the OneFi Technology network design incorporates the WiMax 801.16e signal which will go as far as twenty miles and also OneFi Technology uses 802.11-b-g and n to allow last mile user access.
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PYBX | PlayBOX Issues Correction On Previous News Release
Penny Stocks News From The OTCBB
Jul 25, 2008 7:45:00 AM
LONDON, UNITED KINGDOM -- (MARKET WIRE) -- 07/25/08 -- A correction from source is issued with respect to the PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), news release that was disseminated on July 24th, 2008. The statement inclusions of Laurie Adams as CEO and the recent acquisition of Delta Music Ltd are inaccurate, as Delta has not been acquired by PlayBOX and Robert Burden is the CEO of PlayBOX (US) Inc.
Please find below the amended press release as it should have read.
LONDON, UNITED KINGDOM--(Marketwire - July 24, 2008) PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), a global media entertainment distribution company, today announced its plans to acquire New Visions Mobile ("NVM"), a mobile music company that creates social networks for artists and music brands across mobile networks.
The two companies have been in negotiations since March 2008, and have now agreed to sign a Letter of Intent to merge.
"NVM's demonstrated success and expertise at building an exciting international client base including music labels such as Universal and EMI, and is a perfect fit for PlayBOX," said PlayBOX CEO Robert Burden. "We are actively growing our mobile distribution channel and a merger with NVM would bring us to the forefront of this latest method of distributing media entertainment."
Jul 25, 2008 7:45:00 AM
LONDON, UNITED KINGDOM -- (MARKET WIRE) -- 07/25/08 -- A correction from source is issued with respect to the PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), news release that was disseminated on July 24th, 2008. The statement inclusions of Laurie Adams as CEO and the recent acquisition of Delta Music Ltd are inaccurate, as Delta has not been acquired by PlayBOX and Robert Burden is the CEO of PlayBOX (US) Inc.
Please find below the amended press release as it should have read.
LONDON, UNITED KINGDOM--(Marketwire - July 24, 2008) PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), a global media entertainment distribution company, today announced its plans to acquire New Visions Mobile ("NVM"), a mobile music company that creates social networks for artists and music brands across mobile networks.
The two companies have been in negotiations since March 2008, and have now agreed to sign a Letter of Intent to merge.
"NVM's demonstrated success and expertise at building an exciting international client base including music labels such as Universal and EMI, and is a perfect fit for PlayBOX," said PlayBOX CEO Robert Burden. "We are actively growing our mobile distribution channel and a merger with NVM would bring us to the forefront of this latest method of distributing media entertainment."
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CWRM | Cotton And Western Mining Acquires $80,000,000.00 Baja Iron Reserve / Mineral Rights Agreement for Baja Pacific No. 14
CWRM Penny Stocks News
Jul 25, 2008 9:45:00 AM
HOUSTON, TX -- (MARKET WIRE) -- 07/25/08 -- Robert L. Cotton, President of Cotton & Western Mining, Inc. (PINKSHEETS: CWRM) said today that Sharon Vazquez, Vice President, Cotton & Western Mining, Inc., has executed an agreement for the mineral rights to Baja Pacific No. 14 on behalf of and in trust for CWRM as a Mexican national; the exploration and exploitation rights will be transferred to the CWRM Mexican subsidiary once the final agreement is reached with the company's foreign partner/buyer. Photographs of the concession will be posted within a few days on the company website: www.cottonwestern.com under Photo Gallery, large volumes of magnetite iron minerals can be seen on the surface of the 575 acre concession. The value of the iron mineral is understated above as the company feels that more than two million metric tons of usable iron is present in the deposit.
The environmental impact study for Baja Pacific No. 14 and No. 4 is completed and will be submitted to the environmental agency within the next week. The company's mining plans have changed somewhat to accommodate permitting schedules, No.4 will most likely be the first iron mineral production followed closely by No. 14. The company is still actively pursuing other iron reserves and is in the process of negotiating agreements for numbers 11 and 13.
Related Business:
IBC Strategic Limited, Hong Kong is near completion of negotiations involving both the purchase of raw crude iron ore materials on annual contract pricing, packaged with financing incentives for the exclusivity of the company's Baja iron ore production. The buyer will issue a $10,000,000.00 Standby Letter of Credit in favor of CWRM which would allow the company to open iron ore production in Baja California, Mexico.
CWRM expects contract terms and conditions will be agreed upon very soon.
Jul 25, 2008 9:45:00 AM
HOUSTON, TX -- (MARKET WIRE) -- 07/25/08 -- Robert L. Cotton, President of Cotton & Western Mining, Inc. (PINKSHEETS: CWRM) said today that Sharon Vazquez, Vice President, Cotton & Western Mining, Inc., has executed an agreement for the mineral rights to Baja Pacific No. 14 on behalf of and in trust for CWRM as a Mexican national; the exploration and exploitation rights will be transferred to the CWRM Mexican subsidiary once the final agreement is reached with the company's foreign partner/buyer. Photographs of the concession will be posted within a few days on the company website: www.cottonwestern.com under Photo Gallery, large volumes of magnetite iron minerals can be seen on the surface of the 575 acre concession. The value of the iron mineral is understated above as the company feels that more than two million metric tons of usable iron is present in the deposit.
The environmental impact study for Baja Pacific No. 14 and No. 4 is completed and will be submitted to the environmental agency within the next week. The company's mining plans have changed somewhat to accommodate permitting schedules, No.4 will most likely be the first iron mineral production followed closely by No. 14. The company is still actively pursuing other iron reserves and is in the process of negotiating agreements for numbers 11 and 13.
Related Business:
IBC Strategic Limited, Hong Kong is near completion of negotiations involving both the purchase of raw crude iron ore materials on annual contract pricing, packaged with financing incentives for the exclusivity of the company's Baja iron ore production. The buyer will issue a $10,000,000.00 Standby Letter of Credit in favor of CWRM which would allow the company to open iron ore production in Baja California, Mexico.
CWRM expects contract terms and conditions will be agreed upon very soon.
TOFS | 247MGI To Become A Business Development Company
Jul 25, 2008 7:00:00 AM
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") new management and Board of Directors have decided to amend the company's charter to become a Business Development Company as so defined by the SEC. The change to the charter will coincide with the filing of all the delinquent financial reports.
The incoming management has had success operating public companies and therefore wishes to acquire companies looking to go public as wholly owned subsidiaries and oversee them until they are ready to be spun off as their own separate public companies.
When a company is spun off, 247MGI will retain a portion of the company, of which 75% of what 247MGI receives shall be issued as dividends to its shareholders, the balance will be held by the Company.
The new Management has identified three companies to become wholly owned subsidiaries once the amendment is complete. One company is in the medical product business and has a product that is patented and FDA approved. Another company is in the plastic injection molding business; this company shall be run by an individual who owned and operated a very successful business utilizing a 125,000 square foot facility before it was sold. Another company is in the hard money lending business for real estate; this company also has solid management and its President has over two decades of banking experience including overseeing numerous branches for a major bank.
247MGI will continue to expand and operate its media division, as the Company acquires new companies and spins others off, these will all become long term clients of its media division.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") new management and Board of Directors have decided to amend the company's charter to become a Business Development Company as so defined by the SEC. The change to the charter will coincide with the filing of all the delinquent financial reports.
The incoming management has had success operating public companies and therefore wishes to acquire companies looking to go public as wholly owned subsidiaries and oversee them until they are ready to be spun off as their own separate public companies.
When a company is spun off, 247MGI will retain a portion of the company, of which 75% of what 247MGI receives shall be issued as dividends to its shareholders, the balance will be held by the Company.
The new Management has identified three companies to become wholly owned subsidiaries once the amendment is complete. One company is in the medical product business and has a product that is patented and FDA approved. Another company is in the plastic injection molding business; this company shall be run by an individual who owned and operated a very successful business utilizing a 125,000 square foot facility before it was sold. Another company is in the hard money lending business for real estate; this company also has solid management and its President has over two decades of banking experience including overseeing numerous branches for a major bank.
247MGI will continue to expand and operate its media division, as the Company acquires new companies and spins others off, these will all become long term clients of its media division.
SLON Hires Consulting Firm To Support Increasing Investor Base
OTCBB Penny Stocks News
Jul 25, 2008 7:00:00 AM
BEVERLY HILLS, CA -- (MARKET WIRE) -- 07/25/08 -- Salon City, Inc. (OTCBB: SLON) announced today that it has retained the firm C. Jones Consulting, Inc. to represent the media company in its communications to the investment community.
Carter Jones, President of C. Jones Consulting, Inc. states, "We are excited about our new business relationship with Salon City, Inc. Their use of new media and their 'Life is Beautiful' philosophy is both innovative and dynamic. We have confidence in Salon City's business model, and in the ability of its talented management team to move forward with their vision. We see unlimited growth potential for SCI as it grows into a global lifestyle brand. We look forward to being part of it."
"We're pleased to make this announcement, confident in the knowledge that we can now begin to communicate our action plans to a much wider audience," said SCI president and CEO Steven Casciola. "Our behind-the-scenes work in recent weeks has progressed to the point where we are prepared for Carter and his team to get our message out to a rapidly increasing investor base."
Jul 25, 2008 7:00:00 AM
BEVERLY HILLS, CA -- (MARKET WIRE) -- 07/25/08 -- Salon City, Inc. (OTCBB: SLON) announced today that it has retained the firm C. Jones Consulting, Inc. to represent the media company in its communications to the investment community.
Carter Jones, President of C. Jones Consulting, Inc. states, "We are excited about our new business relationship with Salon City, Inc. Their use of new media and their 'Life is Beautiful' philosophy is both innovative and dynamic. We have confidence in Salon City's business model, and in the ability of its talented management team to move forward with their vision. We see unlimited growth potential for SCI as it grows into a global lifestyle brand. We look forward to being part of it."
"We're pleased to make this announcement, confident in the knowledge that we can now begin to communicate our action plans to a much wider audience," said SCI president and CEO Steven Casciola. "Our behind-the-scenes work in recent weeks has progressed to the point where we are prepared for Carter and his team to get our message out to a rapidly increasing investor base."
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