Penny Stock News From The OTC
Jul 28, 2008 8:08:00 AM
Copyright Business Wire 2008
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--
Lenox Group Inc. (OTCBB: LENX) ("Lenox" or the "Company") today announced that it had been unsuccessful in finding a buyer for the Company as a whole, at an acceptable price, but continues to actively explore other strategic alternatives.
On January 14th, 2008, the Company announced its intention to explore strategic alternatives to enhance its growth prospects and maximize shareholder value. Since that time the Company's Board of Directors, in conjunction with its financial advisor, Berenson & Company LLC, has conducted a comprehensive and orderly review and evaluation of available strategic, operational and financial alternatives including a sale of the Company, a sale of a portion of the Company, and raising additional equity capital. While difficult market conditions have hampered this process, Lenox is continuing to explore its strategic options, including engaging in advanced discussions regarding the sale of the Department 56 business. No assurance can be given that the Company will receive any acceptable proposals for the Department 56 business or any other portions of the Company.
The Company is pursuing certain actions to strengthen its balance sheet and reduce indebtedness, and has commenced discussions with its term loan and credit facility lenders to restructure its outstanding indebtedness. The Company also stated that it was in compliance with its financial covenants under those facilities as of June 28, 2008, the end of its second fiscal quarter.
Lenox is scheduled to announce its second fiscal quarter results on August 7, 2008.
SLON | Salon City To Present At Investor Conference
Penny Stock News RoundUp
Jul 28, 2008 12:54:00 PM
BEVERLY HILLS, CA -- (MARKET WIRE) -- 07/28/08 -- Salon City, Inc. (OTCBB: SLON) announced today that it will present an overview of the company's expansion plans at the 100th FSX "Connect for Success" conference 31 July - 2 August 2008 in Chicago, Il. This is SCI's first presentation at FSX, the premier investment conference organization in the United States. FSX has hosted consecutive quarterly conferences for more than 25 years.
Founded in 1983, FSX (Financial Services Exchange, Inc.) is a national organization comprised of independent FINRA broker/dealer firms. Through a series of regularly scheduled conferences, FSX brings these firms together with the purpose of sharing information and showcasing investment opportunities.
"We look forward to introducing Salon City to our broker/dealer community," said Judy Ensweiler, executive director of FSX. "Salon City's opening night Press Party for Chicago's top salons will also highlight their strong connection to the $100 billion dollar beauty industry."
"The captive audience during our presentation, with an additional two days of one-on-one follow up, gives us the ideal setting to properly publicize our 'Life is Beautiful' philosophy," said Salon City's president and CEO Steven Casciola. "This is a much bigger story than the attitude of a simple beauty company. Salon City is building a global community utilizing numerous dynamic and exciting media formats. The intimate setting coupled with the tremendous amount of experience and expertise makes this conference a natural fit for our company."
FSX's nationwide network of independent broker/dealers and sponsor organizations includes member firms with a combined sales force of thousands of licensed professionals. To date, more than $3 billion has been raised for presenting companies through the FSX network.
Jul 28, 2008 12:54:00 PM
BEVERLY HILLS, CA -- (MARKET WIRE) -- 07/28/08 -- Salon City, Inc. (OTCBB: SLON) announced today that it will present an overview of the company's expansion plans at the 100th FSX "Connect for Success" conference 31 July - 2 August 2008 in Chicago, Il. This is SCI's first presentation at FSX, the premier investment conference organization in the United States. FSX has hosted consecutive quarterly conferences for more than 25 years.
Founded in 1983, FSX (Financial Services Exchange, Inc.) is a national organization comprised of independent FINRA broker/dealer firms. Through a series of regularly scheduled conferences, FSX brings these firms together with the purpose of sharing information and showcasing investment opportunities.
"We look forward to introducing Salon City to our broker/dealer community," said Judy Ensweiler, executive director of FSX. "Salon City's opening night Press Party for Chicago's top salons will also highlight their strong connection to the $100 billion dollar beauty industry."
"The captive audience during our presentation, with an additional two days of one-on-one follow up, gives us the ideal setting to properly publicize our 'Life is Beautiful' philosophy," said Salon City's president and CEO Steven Casciola. "This is a much bigger story than the attitude of a simple beauty company. Salon City is building a global community utilizing numerous dynamic and exciting media formats. The intimate setting coupled with the tremendous amount of experience and expertise makes this conference a natural fit for our company."
FSX's nationwide network of independent broker/dealers and sponsor organizations includes member firms with a combined sales force of thousands of licensed professionals. To date, more than $3 billion has been raised for presenting companies through the FSX network.
BGOI | Bonanza Oil And Gas Starts Damon Mound Drilling
OTCBB Penny Stock News
Jul 28, 2008 2:28:00 PM
Copyright Business Wire 2008
HOUSTON--(BUSINESS WIRE)--
Bonanza Oil and Gas, Inc., a Nevada Corporation (OTCBB: BGOI) and an independent oil and gas company, is pleased to announce the start of the Company's drilling program on the Point Bar Prospect on Damon Mound in Brazoria County, Texas.
Bonanza Oil & Gas is beginning operations on the Damon Mound Drilling Program in Brazoria County, Texas. The first of four proposed wells are being staked and location constructed for an August 2008 spud date. "The Company is delighted that operations are starting on Damon. This drilling program continues the Company's strategy to develop its working interests and establish production," said Bill Wiseman, President and CEO.
Jul 28, 2008 2:28:00 PM
Copyright Business Wire 2008
HOUSTON--(BUSINESS WIRE)--
Bonanza Oil and Gas, Inc., a Nevada Corporation (OTCBB: BGOI) and an independent oil and gas company, is pleased to announce the start of the Company's drilling program on the Point Bar Prospect on Damon Mound in Brazoria County, Texas.
Bonanza Oil & Gas is beginning operations on the Damon Mound Drilling Program in Brazoria County, Texas. The first of four proposed wells are being staked and location constructed for an August 2008 spud date. "The Company is delighted that operations are starting on Damon. This drilling program continues the Company's strategy to develop its working interests and establish production," said Bill Wiseman, President and CEO.
PSRZ | Global Entertainment Acquisition Corp Completes First Screenplay
Pink Sheet Penny Stocks In The News
Company Developed Comedy Molded After "Scary Movie" Franchise
Jul 28, 2008 9:45:00 AM
LOS ANGELES, CA -- (MARKET WIRE) -- 07/28/08 -- Global Entertainment Acquisition Corporation, trading under the symbol PSRZ (PINKSHEETS: PSRZ), announced today it has completed the first sceenplay of what the company expects to be a franchise comedy currently titled "Brand Dead." The creative was completed this past week and approved by the company's iconic CEO, Maurice Smith. The announcement comes on the heels of several positive movements by the entertainment company recently including the acquisition of several comedy properties, as well the announcement of the commencement of pre production on Maurice Smith's Sci Fi Super Hero Flick "Spiderella."
"We believe 'Brand Dead' is going to change the comedy landscape,"says CEO Smith. "This style of comedy is the future of comedy, in my opinion, because it mirrors our cultural preferences in terms of short attention spans and instant gratification. I am passionate about this project and believe that we are going to have a hugely successful franchise," says Smith.
The company also announced that it has developed the outline and has begun to write the sequel, currently titled "Brand Dead: Going Number 2." Smith sees opportunity in a difficult economy, and believes that his movies are essential coping vehicles in trying times. "It is widely known and was just reported on National news, that when times are tough, entertainment, and specifically comedy and super hero action flicks prosper. Folks need an outlet, a diversion. We think our movies will provide that."
Company Developed Comedy Molded After "Scary Movie" Franchise
Jul 28, 2008 9:45:00 AM
LOS ANGELES, CA -- (MARKET WIRE) -- 07/28/08 -- Global Entertainment Acquisition Corporation, trading under the symbol PSRZ (PINKSHEETS: PSRZ), announced today it has completed the first sceenplay of what the company expects to be a franchise comedy currently titled "Brand Dead." The creative was completed this past week and approved by the company's iconic CEO, Maurice Smith. The announcement comes on the heels of several positive movements by the entertainment company recently including the acquisition of several comedy properties, as well the announcement of the commencement of pre production on Maurice Smith's Sci Fi Super Hero Flick "Spiderella."
"We believe 'Brand Dead' is going to change the comedy landscape,"says CEO Smith. "This style of comedy is the future of comedy, in my opinion, because it mirrors our cultural preferences in terms of short attention spans and instant gratification. I am passionate about this project and believe that we are going to have a hugely successful franchise," says Smith.
The company also announced that it has developed the outline and has begun to write the sequel, currently titled "Brand Dead: Going Number 2." Smith sees opportunity in a difficult economy, and believes that his movies are essential coping vehicles in trying times. "It is widely known and was just reported on National news, that when times are tough, entertainment, and specifically comedy and super hero action flicks prosper. Folks need an outlet, a diversion. We think our movies will provide that."
PRPL | Park Place Energy Corp Announces Major Acquisition
Penny Stocks News
Jul 28, 2008 9:00:00 AM
OTCBB: PRPL
FRANKFURT: 3P2
VANCOUVER, July 28 /PRNewswire-FirstCall/ - Park Place Energy Corp. ("Park Place" or "the Company") is pleased to announce the company has acquired 100% interest in approximately 1280 acres of land in the Alberta Landsales on July 16, 2008. The land is located within the Company's defined core exploration area surrounding its producing Eight Mile property in North Eastern British Columbia on the Alberta and British Columbia border.
AJM Petroleum Consultants have been conducting due diligence on a number of quality shale gas opportunities on behalf of the Company and identified the acquired land as having blue sky potential. Through the due diligence process AJM Petroleum Consultants found that within the immediate area one of the major producers has reported production from the Nordegg formation, with one well having produced over 3.6 billion cubic feet of natural gas. Additionally, there is evidence from well logs that the area has potential in the Montney, Dunvegan and Charlie Lake formations.
The "Nordegg" Member is described as an organic-rich mudstone/marlstone that ranges from 15 to 30 m thick and extends over an area of 90,000 km sq in northeastern BC and adjacent parts of Alberta. The Nordegg is an important petroleum source rock in some areas and in other areas has gas shale potential.
David Johnson, Park Place President and CEO said "The Company is aggressively positioning itself as a producing junior oil and gas explorer in the border area of North East British Columbia and Alberta. The land acquired this week in Alberta builds on our solid foundation in one of the hottest resource plays in North America. This exciting acquisition fits into Park Place's core business model, using our experience and expertise in the area to discover and develop blue-sky potential properties."
Jul 28, 2008 9:00:00 AM
OTCBB: PRPL
FRANKFURT: 3P2
VANCOUVER, July 28 /PRNewswire-FirstCall/ - Park Place Energy Corp. ("Park Place" or "the Company") is pleased to announce the company has acquired 100% interest in approximately 1280 acres of land in the Alberta Landsales on July 16, 2008. The land is located within the Company's defined core exploration area surrounding its producing Eight Mile property in North Eastern British Columbia on the Alberta and British Columbia border.
AJM Petroleum Consultants have been conducting due diligence on a number of quality shale gas opportunities on behalf of the Company and identified the acquired land as having blue sky potential. Through the due diligence process AJM Petroleum Consultants found that within the immediate area one of the major producers has reported production from the Nordegg formation, with one well having produced over 3.6 billion cubic feet of natural gas. Additionally, there is evidence from well logs that the area has potential in the Montney, Dunvegan and Charlie Lake formations.
The "Nordegg" Member is described as an organic-rich mudstone/marlstone that ranges from 15 to 30 m thick and extends over an area of 90,000 km sq in northeastern BC and adjacent parts of Alberta. The Nordegg is an important petroleum source rock in some areas and in other areas has gas shale potential.
David Johnson, Park Place President and CEO said "The Company is aggressively positioning itself as a producing junior oil and gas explorer in the border area of North East British Columbia and Alberta. The land acquired this week in Alberta builds on our solid foundation in one of the hottest resource plays in North America. This exciting acquisition fits into Park Place's core business model, using our experience and expertise in the area to discover and develop blue-sky potential properties."
NXHZ | NexHorizon Communications Enters Into Letter Of Intent With Phoenix Communications
OTCBB Penny Stock News
Jul 28, 2008 9:45:00 AM
Copyright Business Wire 2008
WESTMINSTER, Colo.--(BUSINESS WIRE)--
NexHorizon Communications, Inc. (OTCBB:NXHZ) today announced it has entered into a Letter Of Intent to acquire Phoenix Communications Inc. (dba Pine River Cable) headquartered in McBain, Michigan. Pine River provides cable television and wireless Internet services to more than 2,500 customers located in and around McBain, Michigan. Upon completion of the transaction, NexHorizon will immediately begin upgrading the infrastructure to its digital platform and reduce the number of distribution sites to gain better operating efficiencies. Subsequent to completing the conversion from analog to digital, the Company will begin rolling out its new broadband service offerings of digital video, High-speed Internet and digital voice solutions (VoIP).
"Phoenix Communications fits the NexHorizon model as an opportunity to expand our footprint for broadband service offerings and provides an excellent resource of local management that will compliment the NexHorizon business model and growth strategies into new rural communities," said Calvin D. Smiley, Sr., NexHorizon Communications CEO. "We are looking forward to working with Phoenix to complete the due diligence process and finalize our plans to meet growing demands for broadband services in McBain, Michigan."
John Metzler, Pine River Cable's President said, "We are eager to work with the NexHorizon team. The ability to offer broadband services, in addition to our existing services, will allow us to grow our customer base. Furthermore, being a part of a national company will allow us to aggressively pursue more rural cable franchises in our surrounding areas."
It is anticipated the transaction will close during the fourth quarter of 2008 pending completion of audits and due diligence.
Jul 28, 2008 9:45:00 AM
Copyright Business Wire 2008
WESTMINSTER, Colo.--(BUSINESS WIRE)--
NexHorizon Communications, Inc. (OTCBB:NXHZ) today announced it has entered into a Letter Of Intent to acquire Phoenix Communications Inc. (dba Pine River Cable) headquartered in McBain, Michigan. Pine River provides cable television and wireless Internet services to more than 2,500 customers located in and around McBain, Michigan. Upon completion of the transaction, NexHorizon will immediately begin upgrading the infrastructure to its digital platform and reduce the number of distribution sites to gain better operating efficiencies. Subsequent to completing the conversion from analog to digital, the Company will begin rolling out its new broadband service offerings of digital video, High-speed Internet and digital voice solutions (VoIP).
"Phoenix Communications fits the NexHorizon model as an opportunity to expand our footprint for broadband service offerings and provides an excellent resource of local management that will compliment the NexHorizon business model and growth strategies into new rural communities," said Calvin D. Smiley, Sr., NexHorizon Communications CEO. "We are looking forward to working with Phoenix to complete the due diligence process and finalize our plans to meet growing demands for broadband services in McBain, Michigan."
John Metzler, Pine River Cable's President said, "We are eager to work with the NexHorizon team. The ability to offer broadband services, in addition to our existing services, will allow us to grow our customer base. Furthermore, being a part of a national company will allow us to aggressively pursue more rural cable franchises in our surrounding areas."
It is anticipated the transaction will close during the fourth quarter of 2008 pending completion of audits and due diligence.
JECI | Jericho Energy Releases Report on Recent Scientific Conference With Geologist Robert Dunbar
Penny Stocks News
Jul 28, 2008 8:30:00 AM
TAMPA, FL -- (MARKET WIRE) -- 07/28/08 -- On May 30, 2008, Jericho Energy (PINKSHEETS: JECI) held a special scientific conference at its Tampa, Florida location, which focused on the latest scientific advancements in locating oil reserves and the company's upcoming role in United States domestic oil production. Renowned geophysicist and geologist Robert Dunbar who, for the last twenty-five years, has been working with a method for finding oil reserves called radiometrics, conducted the conference. Mr. Dunbar has found over 830 oil producing wells using this radiometric technique.
In recent years, Mr. Dunbar has perfected a new method of radiometrics testing called Radiometric Plus, which has a much higher degree of accuracy than the standard Radiometric system.
Robert Dunbar stated, "Radiometric Plus is a truly amazing advancement in the science of finding oil reserves. Since finding oil is a percentage game, you need to increase your odds as much as you can, and we have done that with Radiometric Plus because it increases the chances for success to 95%, which is 20% higher than the standard Radiometrics 75% accuracy level."
Robert Dunbar, who was initially engaged by Jericho in 2006 to survey certain geographic locations the company believed held production potential, has recently used Radiometric Plus to map specific Jericho land lease areas. The maps are contained on the company's site at www.JerichoEnergy.com under the company's current projects. Jericho Energy also is examining the potential for additional supportive and supplemental testing of the areas utilizing satellite imaging to ensure the highest accuracy level possible.
"Following the conclusion of the conference given by Robert Dunbar, we are more convinced than ever that the Rush Valley in Utah holds enormous oil reserves, and we plan on drilling for them by November of this year. The recovery of these reserves will allow Jericho to assist in the country's growing petroleum needs. The future is extremely bright for Jericho Energy and its shareholders," stated Vice President Joseph Abdo.
Jul 28, 2008 8:30:00 AM
TAMPA, FL -- (MARKET WIRE) -- 07/28/08 -- On May 30, 2008, Jericho Energy (PINKSHEETS: JECI) held a special scientific conference at its Tampa, Florida location, which focused on the latest scientific advancements in locating oil reserves and the company's upcoming role in United States domestic oil production. Renowned geophysicist and geologist Robert Dunbar who, for the last twenty-five years, has been working with a method for finding oil reserves called radiometrics, conducted the conference. Mr. Dunbar has found over 830 oil producing wells using this radiometric technique.
In recent years, Mr. Dunbar has perfected a new method of radiometrics testing called Radiometric Plus, which has a much higher degree of accuracy than the standard Radiometric system.
Robert Dunbar stated, "Radiometric Plus is a truly amazing advancement in the science of finding oil reserves. Since finding oil is a percentage game, you need to increase your odds as much as you can, and we have done that with Radiometric Plus because it increases the chances for success to 95%, which is 20% higher than the standard Radiometrics 75% accuracy level."
Robert Dunbar, who was initially engaged by Jericho in 2006 to survey certain geographic locations the company believed held production potential, has recently used Radiometric Plus to map specific Jericho land lease areas. The maps are contained on the company's site at www.JerichoEnergy.com under the company's current projects. Jericho Energy also is examining the potential for additional supportive and supplemental testing of the areas utilizing satellite imaging to ensure the highest accuracy level possible.
"Following the conclusion of the conference given by Robert Dunbar, we are more convinced than ever that the Rush Valley in Utah holds enormous oil reserves, and we plan on drilling for them by November of this year. The recovery of these reserves will allow Jericho to assist in the country's growing petroleum needs. The future is extremely bright for Jericho Energy and its shareholders," stated Vice President Joseph Abdo.
AIRI | Air Industries Group CEO Provides Update On Growth Initiatives
Penny Stock News From Around the OTCBB
Jul 28, 2008 9:15:00 AM
Copyright Business Wire 2008
BAY SHORE, N.Y.--(BUSINESS WIRE)--
Air Industries Group, Inc. (OTCBB: AIRI), a leading independent integrated manufacturer of precision components and provider of supply chain services for the aerospace and defense industry, is providing an update on its business prospects and growth initiatives. The following statements are attributable to Peter Rettaliata, who has served as Chief Executive Officer of the Company (and its predecessor) for the past 13 years following a 22-year career at Grumman Corporation (now Northrop Grumman (NYSE: NOC)):
"This is an exciting time for aircraft manufacturers, particularly those such as Air Industries Group which has a concentration of its business in military helicopter and other aircraft programs. As we conduct our channel checks following the completion of the biennial Farnborough International Airshow in Hampshire, England, we are more confident than ever that our Company is well positioned to capitalize on long term opportunities spanning the next 3 to 5 years. Since commencing our strategic consolidation program in 2005, our intent was to focus on areas within an aerospace market that was buoyed by the emergence of an industry super-cycle which remains very much intact today, despite recent setbacks experienced domestically in the commercial airline sector.
"Supporting our outlook is a firm backlog that continues to reach record proportions. This growth is led by contracts from Sikorsky Aircraft Corporation for its important BLACK HAWK helicopter program. In addition to our work with Sikorsky, we have made great strides in producing a pipeline of international and domestic business on both military and commercial programs through internally generated growth initiatives. We have been investing in future development programs, such as our inclusion on the Airbus A380 program for which we are building landing gear subassemblies that will be shipped in the near future. Another example of our expansion efforts involves our Welding Metallurgy subsidiary, which was the Company's third acquisition. Welding Metallurgy recently submitted a bid relating to engineering and manufacturing of thrust reversers for the Pratt & Whitney 800 program, a potentially long term and very meaningful contract. If we win this award, Air Industries Machining Corp., would participate as a substantial subcontractor to Welding Metallurgy for machined parts.
"On the consolidation front, we continue our negotiations to finalize the debt and equity financing necessary to complete the acquisition of Blair Industries, Inc., Blair Accumulators, Inc., and H.S.M. Machine Works, Inc. of New York, and H.S.M. Machine Works, Inc. of North Carolina (collectively, "Blair-HSM"). In addition, we have been working cooperatively with Blair-HSM on a number of potentially large and long term aircraft assembly projects. The synergies between Air Industries Machining Corp. and Blair-HSM are multifold; the combination makes us more competitive which enables us to seek a broader range of business moving forward and promises substantial cost savings for the combined entity."
"Finally, Air Industries Group has embarked on a concerted cost reduction campaign directed at our general and administrative expenses. These efforts are intended to enhance our financial performance, and we will begin to feel their impact in the third quarter. Our cost reduction initiative will be fully implemented in the fourth quarter. We continue to diligently work at positioning the Company for long term prosperity and we believe that we are making real progress. We are aligned with some of the industry's most important long term aircraft programs and largest prime contractors. This is the truest test of our worth and we are confident that our success will reward shareholders -- including the management and board of directors of the Company that on a combined basis owns approximately 18% of the outstanding shares -- if the capital markets are ultimately efficient."
Jul 28, 2008 9:15:00 AM
Copyright Business Wire 2008
BAY SHORE, N.Y.--(BUSINESS WIRE)--
Air Industries Group, Inc. (OTCBB: AIRI), a leading independent integrated manufacturer of precision components and provider of supply chain services for the aerospace and defense industry, is providing an update on its business prospects and growth initiatives. The following statements are attributable to Peter Rettaliata, who has served as Chief Executive Officer of the Company (and its predecessor) for the past 13 years following a 22-year career at Grumman Corporation (now Northrop Grumman (NYSE: NOC)):
"This is an exciting time for aircraft manufacturers, particularly those such as Air Industries Group which has a concentration of its business in military helicopter and other aircraft programs. As we conduct our channel checks following the completion of the biennial Farnborough International Airshow in Hampshire, England, we are more confident than ever that our Company is well positioned to capitalize on long term opportunities spanning the next 3 to 5 years. Since commencing our strategic consolidation program in 2005, our intent was to focus on areas within an aerospace market that was buoyed by the emergence of an industry super-cycle which remains very much intact today, despite recent setbacks experienced domestically in the commercial airline sector.
"Supporting our outlook is a firm backlog that continues to reach record proportions. This growth is led by contracts from Sikorsky Aircraft Corporation for its important BLACK HAWK helicopter program. In addition to our work with Sikorsky, we have made great strides in producing a pipeline of international and domestic business on both military and commercial programs through internally generated growth initiatives. We have been investing in future development programs, such as our inclusion on the Airbus A380 program for which we are building landing gear subassemblies that will be shipped in the near future. Another example of our expansion efforts involves our Welding Metallurgy subsidiary, which was the Company's third acquisition. Welding Metallurgy recently submitted a bid relating to engineering and manufacturing of thrust reversers for the Pratt & Whitney 800 program, a potentially long term and very meaningful contract. If we win this award, Air Industries Machining Corp., would participate as a substantial subcontractor to Welding Metallurgy for machined parts.
"On the consolidation front, we continue our negotiations to finalize the debt and equity financing necessary to complete the acquisition of Blair Industries, Inc., Blair Accumulators, Inc., and H.S.M. Machine Works, Inc. of New York, and H.S.M. Machine Works, Inc. of North Carolina (collectively, "Blair-HSM"). In addition, we have been working cooperatively with Blair-HSM on a number of potentially large and long term aircraft assembly projects. The synergies between Air Industries Machining Corp. and Blair-HSM are multifold; the combination makes us more competitive which enables us to seek a broader range of business moving forward and promises substantial cost savings for the combined entity."
"Finally, Air Industries Group has embarked on a concerted cost reduction campaign directed at our general and administrative expenses. These efforts are intended to enhance our financial performance, and we will begin to feel their impact in the third quarter. Our cost reduction initiative will be fully implemented in the fourth quarter. We continue to diligently work at positioning the Company for long term prosperity and we believe that we are making real progress. We are aligned with some of the industry's most important long term aircraft programs and largest prime contractors. This is the truest test of our worth and we are confident that our success will reward shareholders -- including the management and board of directors of the Company that on a combined basis owns approximately 18% of the outstanding shares -- if the capital markets are ultimately efficient."
AGGI | Allied Energy Annouces Production Results For Well
Pink Sheets Penny Stocks News
Jul 28, 2008 9:30:00 AM
BOWLING GREEN, KY -- (MARKET WIRE) -- 07/28/08 -- Allied Energy, Inc. (PINKSHEETS: AGGI) announced today that it has drilled an immediate off-set well to the Smith Peter Hickory #1 on its Hickory Hollow / Caney River leasehold in Rogers County.
"The Smith Peter #2 encountered apparent gas shows in both a conventional and coal seam formation," said Steve Stengell, Allied's Vice President of Business Development. "We are preparing to complete the well for production in the near future."
The Company's Smith Peter Hickory #1 has produced more than 1,800 barrels of crude from a conventional reservoir since February of this year.
Although the Company is confident in its future developments, no assurances can be made that these same production levels will be achieved.
The Company has approximately 6,000 acres under lease, more than 60 wells under development and continues to build its own gas line infrastructure system in Rogers County to maximize its price for gas at the wellhead.
Jul 28, 2008 9:30:00 AM
BOWLING GREEN, KY -- (MARKET WIRE) -- 07/28/08 -- Allied Energy, Inc. (PINKSHEETS: AGGI) announced today that it has drilled an immediate off-set well to the Smith Peter Hickory #1 on its Hickory Hollow / Caney River leasehold in Rogers County.
"The Smith Peter #2 encountered apparent gas shows in both a conventional and coal seam formation," said Steve Stengell, Allied's Vice President of Business Development. "We are preparing to complete the well for production in the near future."
The Company's Smith Peter Hickory #1 has produced more than 1,800 barrels of crude from a conventional reservoir since February of this year.
Although the Company is confident in its future developments, no assurances can be made that these same production levels will be achieved.
The Company has approximately 6,000 acres under lease, more than 60 wells under development and continues to build its own gas line infrastructure system in Rogers County to maximize its price for gas at the wellhead.
WITM | Wits Basin Precious Minerals Receives Compliant Report For Mine Project
Penny Stocks News
Jul 28, 2008 7:28:00 AM
Copyright Business Wire 2008
MINNEAPOLIS--(BUSINESS WIRE)--
Wits Basin Precious Minerals Inc. (OTCBB:WITM) has received a National Instrument 43-101 compliant technical report on the Bates-Hunter Mine in Central City, Colorado. To see the July 15, 2008 report in full, click here for a link to the Company's web site (http://www.witsbasin.com/projects_bates-hunter.html).
Jul 28, 2008 7:28:00 AM
Copyright Business Wire 2008
MINNEAPOLIS--(BUSINESS WIRE)--
Wits Basin Precious Minerals Inc. (OTCBB:WITM) has received a National Instrument 43-101 compliant technical report on the Bates-Hunter Mine in Central City, Colorado. To see the July 15, 2008 report in full, click here for a link to the Company's web site (http://www.witsbasin.com/projects_bates-hunter.html).
IDGG | Indigo Energy Signs Loan Agreement For $686 Million in Funding For Oil And Gas Leases
Penny Stock News RoundUp
Jul 28, 2008 8:31:00 AM
Copyright Business Wire 2008
HENDERSON, Nev.--(BUSINESS WIRE)--
Indigo-Energy, Inc. (OTCBB: IDGG) is pleased to announce that the Company has signed a Loan Agreement with BJ Petro, Inc., a Nevada corporation. BJ Petro has agreed to provide Indigo-Energy, Inc. with funds totaling $686,400,000, which the Company plans to utilize to complete the purchase of and commence the subsequent development of approximately 135,000 acres located in southern Illinois, southwestern Indiana and western Kentucky.
"With this funding package in place, we are highly optimistic about our company's future. Invested in the execution of our strategic plan, these funds will enable our development of state-of-the-art natural gas and oil production facilities, including the construction of regional pipelines and related infrastructure, within key areas throughout the Illinois Basin. We thank our shareholders for their patience throughout our recent months of funding efforts and believe this investment will allow us to return value to our investors," stated Steve Durdin, CEO and President of Indigo-Energy, Inc.
The agreement provides that Indigo-Energy will receive the initial phase of funding within 30 business days following its posting of a Standby Letter of Credit (SBLC) to BJ Petro in the amount of $10 million, which Indigo-Energy expects to deliver by the end of this week. The term of the funding agreement with BJ Petro is 15 years.
The Illinois Basin is a geologic region of approximately 60,000 square miles stretching across three states, with increasing interest for its potential oil and natural gas reserves. Indigo-Energy expects the natural gas and oil resources to be utilized in the United States to contribute to a nationwide effort to reduce the dependency on foreign sources of fuel.
As part of its fiduciary responsibility, the Company and its Board of Directors will continue to pursue additional strategic alternatives that may be in the best interest of its shareholders. Such alternatives include the previously announced funding plan with International Financial Corporation, LLC; a transaction separate from today's announced funding proposal.
Jul 28, 2008 8:31:00 AM
Copyright Business Wire 2008
HENDERSON, Nev.--(BUSINESS WIRE)--
Indigo-Energy, Inc. (OTCBB: IDGG) is pleased to announce that the Company has signed a Loan Agreement with BJ Petro, Inc., a Nevada corporation. BJ Petro has agreed to provide Indigo-Energy, Inc. with funds totaling $686,400,000, which the Company plans to utilize to complete the purchase of and commence the subsequent development of approximately 135,000 acres located in southern Illinois, southwestern Indiana and western Kentucky.
"With this funding package in place, we are highly optimistic about our company's future. Invested in the execution of our strategic plan, these funds will enable our development of state-of-the-art natural gas and oil production facilities, including the construction of regional pipelines and related infrastructure, within key areas throughout the Illinois Basin. We thank our shareholders for their patience throughout our recent months of funding efforts and believe this investment will allow us to return value to our investors," stated Steve Durdin, CEO and President of Indigo-Energy, Inc.
The agreement provides that Indigo-Energy will receive the initial phase of funding within 30 business days following its posting of a Standby Letter of Credit (SBLC) to BJ Petro in the amount of $10 million, which Indigo-Energy expects to deliver by the end of this week. The term of the funding agreement with BJ Petro is 15 years.
The Illinois Basin is a geologic region of approximately 60,000 square miles stretching across three states, with increasing interest for its potential oil and natural gas reserves. Indigo-Energy expects the natural gas and oil resources to be utilized in the United States to contribute to a nationwide effort to reduce the dependency on foreign sources of fuel.
As part of its fiduciary responsibility, the Company and its Board of Directors will continue to pursue additional strategic alternatives that may be in the best interest of its shareholders. Such alternatives include the previously announced funding plan with International Financial Corporation, LLC; a transaction separate from today's announced funding proposal.
CSUH | Celsius Holdings Selects New PR Firm
Penny Stock News From Around The OTC
Jul 28, 2008 5:34:00 AM
DELRAY BEACH, Fla., July 28 /PRNewswire/ -- Celsius(R), the scientifically-formulated, award winning, great tasting, calorie burning beverage, which burns up to 100 or more calories a serving, has chosen TransMedia Group as its PR firm.
Celsius(R), the Original Calorie Burner, is healthy everyday refreshment that has been clinically shown to burn calories by raising metabolism and providing sustained energy. Celsius(R) is a beverage brand marketed by Celsius, Inc., who has its roots as a sports nutrition company with the goal of bringing healthier, everyday refreshment through science and innovation.
The most recent clinical studies using a 10-week moderate exercise program show significant increases in the benefits of exercise when consuming a single serving of Celsius(R) everyday and before physical activity. Celsius(R) contains Metaboost(TM), a proprietary blend of ingredients including Green Tea with EGCG, Ginger, Caffeine, Calcium, Chromium, B Vitamins and Vitamin C. Scientifically shown to raise metabolism over a three-hour period, consuming Celsius(R) results in a sustained calorie burn while keeping you energized.
As a trailblazer in the beverage industry by creating a new category, Celsius(R) contains no sugar, no carbs, no preservatives, no high fructose corn syrup, no aspartame and very low sodium. Celsius(R) is available in five refreshing flavors: Cola, Orange, Wild Berry, Lemon-Lime and Ginger Ale.
Steve Haley, President and CEO of Celsius(R) says, "We chose to work with TransMedia Group because of their proven track record, excellent media contacts and placements, with a flair for creating buzz. The firm is exactly what we were looking for."
"We're so pleased to have the opportunity to work with Celsius(R)," said Kim Morgan, Senior Vice President of TransMedia Group. "This is an exceptional product backed by scientific research and groundbreaking clinical studies. There is nothing not to like about Celsius(R) and we'll be aggressive with each of our PR campaigns."
Jul 28, 2008 5:34:00 AM
DELRAY BEACH, Fla., July 28 /PRNewswire/ -- Celsius(R), the scientifically-formulated, award winning, great tasting, calorie burning beverage, which burns up to 100 or more calories a serving, has chosen TransMedia Group as its PR firm.
Celsius(R), the Original Calorie Burner, is healthy everyday refreshment that has been clinically shown to burn calories by raising metabolism and providing sustained energy. Celsius(R) is a beverage brand marketed by Celsius, Inc., who has its roots as a sports nutrition company with the goal of bringing healthier, everyday refreshment through science and innovation.
The most recent clinical studies using a 10-week moderate exercise program show significant increases in the benefits of exercise when consuming a single serving of Celsius(R) everyday and before physical activity. Celsius(R) contains Metaboost(TM), a proprietary blend of ingredients including Green Tea with EGCG, Ginger, Caffeine, Calcium, Chromium, B Vitamins and Vitamin C. Scientifically shown to raise metabolism over a three-hour period, consuming Celsius(R) results in a sustained calorie burn while keeping you energized.
As a trailblazer in the beverage industry by creating a new category, Celsius(R) contains no sugar, no carbs, no preservatives, no high fructose corn syrup, no aspartame and very low sodium. Celsius(R) is available in five refreshing flavors: Cola, Orange, Wild Berry, Lemon-Lime and Ginger Ale.
Steve Haley, President and CEO of Celsius(R) says, "We chose to work with TransMedia Group because of their proven track record, excellent media contacts and placements, with a flair for creating buzz. The firm is exactly what we were looking for."
"We're so pleased to have the opportunity to work with Celsius(R)," said Kim Morgan, Senior Vice President of TransMedia Group. "This is an exceptional product backed by scientific research and groundbreaking clinical studies. There is nothing not to like about Celsius(R) and we'll be aggressive with each of our PR campaigns."
UPBS | Upstream Biosciences, Inc. Begins Testing
OTCBB Penny Stock News
Company Reaches Milestone in Program to Develop New Treatments for Drug Resistant Tropical Diseases
Jul 28, 2008 8:00:00 AM
VANCOUVER, BC -- (MARKET WIRE) -- 07/28/08 -- Upstream Biosciences Inc. (OTCBB: UPBS) announced today that it is collaborating with Makerere University in Kampala, Uganda to evaluate the efficacy in animals of more than 20 proprietary drug candidates as potential treatments for Leishmaniasis in humans. Drug resistance has greatly reduced the effectiveness of existing Leishmaniasis treatments.
Joel L. Bellenson, Chief Executive Officer of Upstream, said the animal testing may determine whether one or more of the drug candidates have sufficient anti-parasitic activity to proceed down a path to commercialization.
"Initiation of efficacy testing in animals is the latest in a series of milestones we have achieved in the past 12 months to develop treatments for several tropical diseases," said Bellenson.
Bellenson said Upstream has demonstrated in vitro efficacy and in vivo (in animals) safety for potential treatments for Leishmaniasis, Trypanaosomiasis, and Malaria.
Leishmaniasis, Trypanaosomiasis (African sleeping sickness), and Malaria are caused by related parasites that have developed resistance to available treatments. Leishmaniasis afflicts millions of people living in Africa, India, and the Middle East. An estimated 60 million people and 50 million cattle and other animals in sub-Saharan Africa are at risk of contracting African Sleeping Sickness. According to the World Heath Organization, about 40% of the world's population is at risk of Malaria. These diseases will be included in the United States Food and Drug Administration's proposed priority review voucher program designed to provide financial incentive to companies developing treatments.
"If we are successful, we believe there will be a strong market for our drugs in Asia, Africa, and the Middle East, which include the fastest growing economies in the world," said Bellenson. "In addition to these growing markets, we could monetize our drugs via the US FDA priority voucher program."
The leishmaniasis testing will occur at Mulago Hospital, Kampala under the direction of Dr. Joseph Olobo, Associate Professor of Microbiology, Department of Parasitology and Microbiology at Makerere University. Mulago is the largest hospital in Uganda and serves as the teaching hospital for Makerere University Medical School.
Company Reaches Milestone in Program to Develop New Treatments for Drug Resistant Tropical Diseases
Jul 28, 2008 8:00:00 AM
VANCOUVER, BC -- (MARKET WIRE) -- 07/28/08 -- Upstream Biosciences Inc. (OTCBB: UPBS) announced today that it is collaborating with Makerere University in Kampala, Uganda to evaluate the efficacy in animals of more than 20 proprietary drug candidates as potential treatments for Leishmaniasis in humans. Drug resistance has greatly reduced the effectiveness of existing Leishmaniasis treatments.
Joel L. Bellenson, Chief Executive Officer of Upstream, said the animal testing may determine whether one or more of the drug candidates have sufficient anti-parasitic activity to proceed down a path to commercialization.
"Initiation of efficacy testing in animals is the latest in a series of milestones we have achieved in the past 12 months to develop treatments for several tropical diseases," said Bellenson.
Bellenson said Upstream has demonstrated in vitro efficacy and in vivo (in animals) safety for potential treatments for Leishmaniasis, Trypanaosomiasis, and Malaria.
Leishmaniasis, Trypanaosomiasis (African sleeping sickness), and Malaria are caused by related parasites that have developed resistance to available treatments. Leishmaniasis afflicts millions of people living in Africa, India, and the Middle East. An estimated 60 million people and 50 million cattle and other animals in sub-Saharan Africa are at risk of contracting African Sleeping Sickness. According to the World Heath Organization, about 40% of the world's population is at risk of Malaria. These diseases will be included in the United States Food and Drug Administration's proposed priority review voucher program designed to provide financial incentive to companies developing treatments.
"If we are successful, we believe there will be a strong market for our drugs in Asia, Africa, and the Middle East, which include the fastest growing economies in the world," said Bellenson. "In addition to these growing markets, we could monetize our drugs via the US FDA priority voucher program."
The leishmaniasis testing will occur at Mulago Hospital, Kampala under the direction of Dr. Joseph Olobo, Associate Professor of Microbiology, Department of Parasitology and Microbiology at Makerere University. Mulago is the largest hospital in Uganda and serves as the teaching hospital for Makerere University Medical School.
IMGR | Infinity Medical Group Signs Contract
Pink Sheets Penny Stock News
Jul 28, 2008 8:30:00 AM
TORONTO -- (MARKET WIRE) -- 07/28/08 -- Infinity Medical Group Inc. (PINKSHEETS: IMGR), a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics that offer elective medical and dental procedures, is pleased to announce that it has signed a contract to install its Version 3 ServaDent Dental Practice Management Portal into five of Summit Dental Group's Clinics. ServaDent is a web-based application that manages patient appointments, treatments, insurance submissions, and accounts receivable for dental offices. The ServaDent Portal features a Canadian Dental Association certified insurance claim submissions system. Version 3.0 adds clinical file upload as well as digital x-ray image management.
Jul 28, 2008 8:30:00 AM
TORONTO -- (MARKET WIRE) -- 07/28/08 -- Infinity Medical Group Inc. (PINKSHEETS: IMGR), a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics that offer elective medical and dental procedures, is pleased to announce that it has signed a contract to install its Version 3 ServaDent Dental Practice Management Portal into five of Summit Dental Group's Clinics. ServaDent is a web-based application that manages patient appointments, treatments, insurance submissions, and accounts receivable for dental offices. The ServaDent Portal features a Canadian Dental Association certified insurance claim submissions system. Version 3.0 adds clinical file upload as well as digital x-ray image management.
FRHV | Fresh Harvest Products To Release Sustainability Report With Annual Report
Penny Stocks In The News
Jul 28, 2008 8:07:00 AM
NEW YORK, July 28 /PRNewswire-FirstCall/ -- Fresh Harvest Products, Inc. (OTC Bulletin Board: FRHV) announced today that it is formally instituting a Sustainable Initiative and Sustainability Report that will be prepared for its fiscal year end and released with its Annual Report.
Internally, since our inception Fresh Harvest has been keeping track of our progress on sustainability and we have many practices in place (i.e. using environmentally friendly inks on our labels, using recycled cardboard in our packaging). However, by disclosing our Sustainable Report it will make sure that we are managing our resources efficiently and implementing good environmental practices; as well as to determine where we can find cost savings along our supply chain and our infrastructure. The Report will assess our carbon footprint and total emissions, with the goal of setting targets and programs to reduce and potentially offset our carbon footprint and emissions.
Our Report and Program will include Fresh Harvest's support of renewable energy, energy efficiency and carbon sequestration. Fresh Harvest will create a renewable energy section for its website for the Report, as well as provide educational information and explain how and why we are making our energy choices, and offer tips for organic and "green" living and eating.
"Although Fresh Harvest has always followed its beliefs in sustainability, decreasing our environmental impact in everything that we do and all of our products, as we grow it is important that new members of our team, customers and Shareholders understand the importance of sustainability as a key principle in the company," said Michael J. Friedman, President & CEO. "It is also important that as a growing company we quantify our dedication to protecting our environment, our families, and our communities, in a tangible and concrete Report. This Report is another way for us to show our commitment to 'connecting people and nature through food(TM)'".
Jul 28, 2008 8:07:00 AM
NEW YORK, July 28 /PRNewswire-FirstCall/ -- Fresh Harvest Products, Inc. (OTC Bulletin Board: FRHV) announced today that it is formally instituting a Sustainable Initiative and Sustainability Report that will be prepared for its fiscal year end and released with its Annual Report.
Internally, since our inception Fresh Harvest has been keeping track of our progress on sustainability and we have many practices in place (i.e. using environmentally friendly inks on our labels, using recycled cardboard in our packaging). However, by disclosing our Sustainable Report it will make sure that we are managing our resources efficiently and implementing good environmental practices; as well as to determine where we can find cost savings along our supply chain and our infrastructure. The Report will assess our carbon footprint and total emissions, with the goal of setting targets and programs to reduce and potentially offset our carbon footprint and emissions.
Our Report and Program will include Fresh Harvest's support of renewable energy, energy efficiency and carbon sequestration. Fresh Harvest will create a renewable energy section for its website for the Report, as well as provide educational information and explain how and why we are making our energy choices, and offer tips for organic and "green" living and eating.
"Although Fresh Harvest has always followed its beliefs in sustainability, decreasing our environmental impact in everything that we do and all of our products, as we grow it is important that new members of our team, customers and Shareholders understand the importance of sustainability as a key principle in the company," said Michael J. Friedman, President & CEO. "It is also important that as a growing company we quantify our dedication to protecting our environment, our families, and our communities, in a tangible and concrete Report. This Report is another way for us to show our commitment to 'connecting people and nature through food(TM)'".
ECGA | Encompass Group Affiliates Releases Comments On Trading Activity
Penny Stock News From Around The OTC
Jul 28, 2008 9:15:00 AM
Copyright Business Wire 2008
NEW YORK--(BUSINESS WIRE)--
Encompass Group Affiliates, Inc. today commented on the recent surge in the trading volume of its common stock, indicating that it believes the increase in trading activity is principally due to the number of common shares which were recently issued to a class of preferred stockholders and then became available for sale. This conversion followed the Company's recent proxy solicitation which concluded in April 2008 that, among other matters, increased the number of authorized shares of common stock to a legally required level. This event triggered the automatic conversion of the Company's Series A-2 convertible preferred stock into approximately 8,400,000,000 shares of common stock.
"The Company has no specific knowledge as to which institutional or individual stockholder or stockholders may have decided, for their own reasons, to sell all or a portion of their common stock ownership interests at this time." said Wayne Danson, Chief Executive Officer & President of Encompass Group Affiliates. "Furthermore, there have been no stock sales by management or other insiders", he added.
"We have no specific knowledge of any material adverse information about the Company which has not been disclosed in our SEC filings or press releases." said Mr. Danson.
"The Company does not generally comment on changes in the volume or price of its stock, and this announcement should not be taken as an indication that we will make any further comment at any future time on such matters." said Mr. Danson.
Jul 28, 2008 9:15:00 AM
Copyright Business Wire 2008
NEW YORK--(BUSINESS WIRE)--
Encompass Group Affiliates, Inc. today commented on the recent surge in the trading volume of its common stock, indicating that it believes the increase in trading activity is principally due to the number of common shares which were recently issued to a class of preferred stockholders and then became available for sale. This conversion followed the Company's recent proxy solicitation which concluded in April 2008 that, among other matters, increased the number of authorized shares of common stock to a legally required level. This event triggered the automatic conversion of the Company's Series A-2 convertible preferred stock into approximately 8,400,000,000 shares of common stock.
"The Company has no specific knowledge as to which institutional or individual stockholder or stockholders may have decided, for their own reasons, to sell all or a portion of their common stock ownership interests at this time." said Wayne Danson, Chief Executive Officer & President of Encompass Group Affiliates. "Furthermore, there have been no stock sales by management or other insiders", he added.
"We have no specific knowledge of any material adverse information about the Company which has not been disclosed in our SEC filings or press releases." said Mr. Danson.
"The Company does not generally comment on changes in the volume or price of its stock, and this announcement should not be taken as an indication that we will make any further comment at any future time on such matters." said Mr. Danson.
CVIC | Cavico Corp Subsidiary Expands Thung San Mine
Penny Stocks News
Jul 28, 2008 9:00:00 AM
Copyright Business Wire 2008
HANOI, Vietnam--(BUSINESS WIRE)--
Cavico Corporation (OTC BB: CVIC) ("Cavico" or "the Company"), a leading infrastructure development company in Vietnam, today announced that Cavico Mineral Exploitation is expanding construction and exploring for additional deposits at the Thung San mine. Cavico Mineral Exploitation is an entity formed by the two wholly owned Cavico subsidiaries, Cavico Tunnel and Cavico Hydropower.
The Thung San mine, situated on 20 hectares of land in Quy Hop district, Nghe An province, has 20 million tons of limestone reserves that are expected to last for 25 years according to the current exploiting schedule. Currently Cavico is constructing access roads and storage sites around the mine. At the present Cavico Mineral Exploitation is selling an average of approximately 12,000 tons of limestone per month.
Generally limestone is manufactured into a fine powder of calcium carbonate which is used in manufacturing of plastics, rubber, paint, cement, mortar, paper and agricultural feeds and fertilizers. Limestone is a rare natural resource in Vietnam. In 2005 and 2006, Nghe An province has exported 125,668 tons, or $17.5 million worth, of limestone. The limestone can be exported to Japan, the European Union, China, and India.
Commenting on the status of the road construction, Mr. Hai Thanh Tran, Vice President of Cavico stated, "We plan to complete construction of the access roads soon so that the equipment can be easily transported to the site increasing production and productivity." Mr. Tran added, "Cavico Mineral Exploitation remains committed to providing high-quality products to fulfill domestic sales and anticipates expanding sales to Japan, Taiwan, Korea, and Middle East region."
Jul 28, 2008 9:00:00 AM
Copyright Business Wire 2008
HANOI, Vietnam--(BUSINESS WIRE)--
Cavico Corporation (OTC BB: CVIC) ("Cavico" or "the Company"), a leading infrastructure development company in Vietnam, today announced that Cavico Mineral Exploitation is expanding construction and exploring for additional deposits at the Thung San mine. Cavico Mineral Exploitation is an entity formed by the two wholly owned Cavico subsidiaries, Cavico Tunnel and Cavico Hydropower.
The Thung San mine, situated on 20 hectares of land in Quy Hop district, Nghe An province, has 20 million tons of limestone reserves that are expected to last for 25 years according to the current exploiting schedule. Currently Cavico is constructing access roads and storage sites around the mine. At the present Cavico Mineral Exploitation is selling an average of approximately 12,000 tons of limestone per month.
Generally limestone is manufactured into a fine powder of calcium carbonate which is used in manufacturing of plastics, rubber, paint, cement, mortar, paper and agricultural feeds and fertilizers. Limestone is a rare natural resource in Vietnam. In 2005 and 2006, Nghe An province has exported 125,668 tons, or $17.5 million worth, of limestone. The limestone can be exported to Japan, the European Union, China, and India.
Commenting on the status of the road construction, Mr. Hai Thanh Tran, Vice President of Cavico stated, "We plan to complete construction of the access roads soon so that the equipment can be easily transported to the site increasing production and productivity." Mr. Tran added, "Cavico Mineral Exploitation remains committed to providing high-quality products to fulfill domestic sales and anticipates expanding sales to Japan, Taiwan, Korea, and Middle East region."
CPYE | Conspiracy Entertainment Corp Announces August Release Of Summer Athletics For Nintendo
OTC Penny Stock News
Jul 28, 2008 8:30:00 AM
LOS ANGELES, July 28 /PRNewswire-FirstCall/ -- Conspiracy Entertainment Corporation (OTC Bulletin Board: CPYE), a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, is pleased to announce that "Summer Athletics" for the Nintendo Wii(TM) is set to sprint into stores in early August 2008. Prepare your inner athlete for the ultimate summer challenge as Conspiracy Entertainment's "Summer Athletics" goes for gold. The suggested retail price of $29.99 USD will make "Summer Athletics" the perfect game for families and casual gamers.
Sirus Ahmadi, CEO of Conspiracy Entertainment, said, "We are very excited to start rolling 'Summer Athletics' onto store shelves across North America next month. We have timed the game's release to ride the wave of excitement surrounding the world summer games in Beijing. Through our strategic, global partnerships, we are pleased to bring yet another fresh and fun take on sports entertainment that creates a user-controlled thrill ride using the best of the Wii's controls."
Keith Tanaka, CFO of Conspiracy Entertainment, said, "Summer Athletics was created by the innovators behind one of Conspiracy's top-selling games, 'Winter Sports.' We look forward to bringing 'Summer Athletics' to the same markets that made Winter Sports such a success for us."
Jul 28, 2008 8:30:00 AM
LOS ANGELES, July 28 /PRNewswire-FirstCall/ -- Conspiracy Entertainment Corporation (OTC Bulletin Board: CPYE), a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, is pleased to announce that "Summer Athletics" for the Nintendo Wii(TM) is set to sprint into stores in early August 2008. Prepare your inner athlete for the ultimate summer challenge as Conspiracy Entertainment's "Summer Athletics" goes for gold. The suggested retail price of $29.99 USD will make "Summer Athletics" the perfect game for families and casual gamers.
Sirus Ahmadi, CEO of Conspiracy Entertainment, said, "We are very excited to start rolling 'Summer Athletics' onto store shelves across North America next month. We have timed the game's release to ride the wave of excitement surrounding the world summer games in Beijing. Through our strategic, global partnerships, we are pleased to bring yet another fresh and fun take on sports entertainment that creates a user-controlled thrill ride using the best of the Wii's controls."
Keith Tanaka, CFO of Conspiracy Entertainment, said, "Summer Athletics was created by the innovators behind one of Conspiracy's top-selling games, 'Winter Sports.' We look forward to bringing 'Summer Athletics' to the same markets that made Winter Sports such a success for us."
CONX | Corgenix Medical To Collaborate With SpectraCell Laboratories
Penny Stocks News
Aspirin effect testing will be added to lab's advanced cardiovascular assessment services
Jul 28, 2008 5:15:00 AM
DENVER, July 28 /PRNewswire-FirstCall/ -- Corgenix Medical Corporation (OTC Bulletin Board: CONX), a worldwide developer and marketer of diagnostic test kits, has announced its collaboration with SpectraCell Corporation, a Houston, Texas-based specialized clinical testing laboratory company providing cardiovascular and nutritional testing nationwide.
Under terms of the relationship Corgenix' AspirinWorks(R) product will be used to assess aspirin effect as part of SpectraCell's extensive cardiovascular risk assessment services.
"SpectraCell is increasingly recognized as a major lab in the U.S. for individualized cardiovascular testing and risk assessment. Their unique approach to cardiovascular medicine provides a perfect fit for aspirin effect testing," said Douglass Simpson, Corgenix' President and Chief Executive Officer. "This new association, combined with their physician-directed sales force, is an important step for Corgenix, and we look forward to a long-term relationship."
The collaboration will allow SpectraCell to take advantage of Corgenix' unique diagnostic assay that determines the effect of aspirin on platelets in apparently healthy individuals by measuring the level of thromboxane production (aspirin's target). The higher the levels of thromboxane, the stickier the blood platelets, and the less impact the aspirin is having. Clinical studies suggest that more than 25 percent of all patients taking aspirin are not sufficiently protected from suffering a cardiovascular event.
"This arrangement further expands our functional testing capabilities to include aspirin effect," said Dr. Fred Crawford, VP of Operations and Technical Director at SpectraCell Laboratories. "Partnering with Corgenix helps insure that SpectraCell continues to deliver the most advanced technology and highest quality service to our physician clients nationwide."
Physicians interested in learning more about SpectraCell's advanced clinical testing may call 800-227-5227 or e-mail info@spectracell.com.
Aspirin effect testing will be added to lab's advanced cardiovascular assessment services
Jul 28, 2008 5:15:00 AM
DENVER, July 28 /PRNewswire-FirstCall/ -- Corgenix Medical Corporation (OTC Bulletin Board: CONX), a worldwide developer and marketer of diagnostic test kits, has announced its collaboration with SpectraCell Corporation, a Houston, Texas-based specialized clinical testing laboratory company providing cardiovascular and nutritional testing nationwide.
Under terms of the relationship Corgenix' AspirinWorks(R) product will be used to assess aspirin effect as part of SpectraCell's extensive cardiovascular risk assessment services.
"SpectraCell is increasingly recognized as a major lab in the U.S. for individualized cardiovascular testing and risk assessment. Their unique approach to cardiovascular medicine provides a perfect fit for aspirin effect testing," said Douglass Simpson, Corgenix' President and Chief Executive Officer. "This new association, combined with their physician-directed sales force, is an important step for Corgenix, and we look forward to a long-term relationship."
The collaboration will allow SpectraCell to take advantage of Corgenix' unique diagnostic assay that determines the effect of aspirin on platelets in apparently healthy individuals by measuring the level of thromboxane production (aspirin's target). The higher the levels of thromboxane, the stickier the blood platelets, and the less impact the aspirin is having. Clinical studies suggest that more than 25 percent of all patients taking aspirin are not sufficiently protected from suffering a cardiovascular event.
"This arrangement further expands our functional testing capabilities to include aspirin effect," said Dr. Fred Crawford, VP of Operations and Technical Director at SpectraCell Laboratories. "Partnering with Corgenix helps insure that SpectraCell continues to deliver the most advanced technology and highest quality service to our physician clients nationwide."
Physicians interested in learning more about SpectraCell's advanced clinical testing may call 800-227-5227 or e-mail info@spectracell.com.
BKYI | BIO-key Intl. Reports Revenue And Growth For 2nd Quarter
Penny Stock News From The OTC
Jul 28, 2008 7:00:00 AM
WALL, N.J., July 28 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in wireless public safety and finger-based biometric identification solutions, announced today that it achieved profitability and strong revenue growth for its second quarter ended June 30, 2008.
Total revenue from continuing operations for the quarter ended June 30, 2008 was $3.6 million, an increase of 40.9% from the $2.5 million reported for the quarter ended March 31, 2008. The increase in revenues during the second quarter of 2008 was primarily driven by strong and record growth in BIO-key's Biometrics business. For the quarter ended June 30, 2008, Biometric revenues were $1.2 million compared to $353,000 in the previous quarter. Revenues from BIO-key's Law Enforcement business also show solid growth, increasing by 7.8% in the second quarter of 2008 to $2.4 million compared to $2.2 million in the previous quarter.
In commenting on the quarter's performance, Tom Colatosti, BIO-key Chairman said, "These financial results are a milestone event for the company. Indeed, within our emerging industry, few of our peers can match our achievement of GAAP profitability. Our results reflect the efficacy of our strategy, the superiority of our technology, the rising market interest in biometrics and mobile solutions and the commitment of our people."
"We are very pleased to report our first quarter of corporate profitability as well as record quarterly revenues generated by our biometric business," said Michael DePasquale, BIO-key's Chief Executive Officer. "Many of the initiatives that we deployed over the last few quarters, from partnership agreements with leading technology suppliers and wireless carriers to expense management, have enabled us achieve our major operating objective -- profitable growth. With the achievement of this objective, management is now focused on capitalizing on this momentum to achieve sustainable and growing profitability and revenue. We believe the marketing and technology strategies we have developed and our growing pipeline of businesses have us on the right track to deliver continued operating growth."
BIO-key's gross margin for the second quarter of 2008 was 88.2% compared to 82.6% for the previous quarter. The increase in gross margin was primarily attributable to an increase in the mix of biometric revenues reflecting the software license model of the biometrics business. Operating expenses from continuing operations for the second quarter of 2008 decreased by 5.8% to $2.9 million compared to the quarter ended March 31, 2008, reflecting a continued emphasis on cost containment as the company grows.
BIO-key's net income for the quarter ended June 30, 2008 was $168,000 compared to a net loss of ($915,000) for the quarter ended March 31, 2008.
Jul 28, 2008 7:00:00 AM
WALL, N.J., July 28 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in wireless public safety and finger-based biometric identification solutions, announced today that it achieved profitability and strong revenue growth for its second quarter ended June 30, 2008.
Total revenue from continuing operations for the quarter ended June 30, 2008 was $3.6 million, an increase of 40.9% from the $2.5 million reported for the quarter ended March 31, 2008. The increase in revenues during the second quarter of 2008 was primarily driven by strong and record growth in BIO-key's Biometrics business. For the quarter ended June 30, 2008, Biometric revenues were $1.2 million compared to $353,000 in the previous quarter. Revenues from BIO-key's Law Enforcement business also show solid growth, increasing by 7.8% in the second quarter of 2008 to $2.4 million compared to $2.2 million in the previous quarter.
In commenting on the quarter's performance, Tom Colatosti, BIO-key Chairman said, "These financial results are a milestone event for the company. Indeed, within our emerging industry, few of our peers can match our achievement of GAAP profitability. Our results reflect the efficacy of our strategy, the superiority of our technology, the rising market interest in biometrics and mobile solutions and the commitment of our people."
"We are very pleased to report our first quarter of corporate profitability as well as record quarterly revenues generated by our biometric business," said Michael DePasquale, BIO-key's Chief Executive Officer. "Many of the initiatives that we deployed over the last few quarters, from partnership agreements with leading technology suppliers and wireless carriers to expense management, have enabled us achieve our major operating objective -- profitable growth. With the achievement of this objective, management is now focused on capitalizing on this momentum to achieve sustainable and growing profitability and revenue. We believe the marketing and technology strategies we have developed and our growing pipeline of businesses have us on the right track to deliver continued operating growth."
BIO-key's gross margin for the second quarter of 2008 was 88.2% compared to 82.6% for the previous quarter. The increase in gross margin was primarily attributable to an increase in the mix of biometric revenues reflecting the software license model of the biometrics business. Operating expenses from continuing operations for the second quarter of 2008 decreased by 5.8% to $2.9 million compared to the quarter ended March 31, 2008, reflecting a continued emphasis on cost containment as the company grows.
BIO-key's net income for the quarter ended June 30, 2008 was $168,000 compared to a net loss of ($915,000) for the quarter ended March 31, 2008.
TOFS | 247MGI, Inc Announces Revenue Of $120k For June And July
Pink Sheets Penny Stock News
Jul 28, 2008 7:00:00 AM
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (OTC:TOFS:PK) ("247MGI") has singed an agreement with a third party to do Audio and Video presentations worth $120,000. The revenue was generated by 247MGI's Online Radio show Smallcap Rapp(TM) which began airing three times a week in the month of June.
247MGI is optimistic revenues will increase as Smallcap Rapp(TM) continues its new weekly Broadcasts schedule. Revenue for 24MGI will be assisted in the fourth quarter with the release of the Hybrid Player Application and LIVE Video Broadcasts.
247MGI has amended the terms of its funding commitment for $100,000 which can be raised to $200,000 based on performance by the Company to a straight loan versus a Convertible Debenture. The Company had agreed to a 15% discount to market for the entire Debenture on the date of initial funding, but after the recent drop in the price of the Company's Common stock it would be to costly to continue this type of financing.
Jul 28, 2008 7:00:00 AM
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (OTC:TOFS:PK) ("247MGI") has singed an agreement with a third party to do Audio and Video presentations worth $120,000. The revenue was generated by 247MGI's Online Radio show Smallcap Rapp(TM) which began airing three times a week in the month of June.
247MGI is optimistic revenues will increase as Smallcap Rapp(TM) continues its new weekly Broadcasts schedule. Revenue for 24MGI will be assisted in the fourth quarter with the release of the Hybrid Player Application and LIVE Video Broadcasts.
247MGI has amended the terms of its funding commitment for $100,000 which can be raised to $200,000 based on performance by the Company to a straight loan versus a Convertible Debenture. The Company had agreed to a 15% discount to market for the entire Debenture on the date of initial funding, but after the recent drop in the price of the Company's Common stock it would be to costly to continue this type of financing.
CHCG | China 3C Group Signs Product Distribution Agreement
China Penny Stocks
Jul 28, 2008 8:31:00 AM
ZHEJIANG, China, July 28 /Xinhua-PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG), a leading retailer and distributor of consumer and business products in China, announced today that the Company has signed a product distribution agreement with Juda Group, a well-known manufacturer of consumer electronics goods in China.
Under this agreement, China 3C will begin selling all of Juda Group's consumer electronics products as well as provide after-sales service support for these products at all China 3C stores located in the Jiangsu and Zhejiang provinces. Revenues generated from Juda Group's products will benefit China 3C's Sanhe subsidiary.
Juda Group is based in southern China. Its products include DVD players, high definition DVD players, home theater systems and stereo equipment. It has been the recipient of multiple prestigious industry awards related to trustworthy consumer products and ''Famous Chinese brands'' products. The Company has over 5,000 employees and operates from a 48,000 square meter facility.
Mr. Zhuang Bingwu, CEO of Juda Group, said, ''We are delighted to establish this relationship with China 3C Group. This agreement marks our first entry into the eastern China market and we are honored to align ourselves with a retailer that has significant distribution capability and a strong 'store-in-store' presence in the Huadong region."
Mr. Wang Zhenggang, CEO of China 3C, commented, ''Our cooperation with the Juda Group further diversifies our product offering and provides greater options to our basic customers. We are also pleased that this agreement provides after-sales service support, which is a new initiative that can strengthen our manufacturing relationships and develop additional higher margin revenue opportunities for our business.''
Jul 28, 2008 8:31:00 AM
ZHEJIANG, China, July 28 /Xinhua-PRNewswire-FirstCall/ -- China 3C Group (OTC Bulletin Board: CHCG), a leading retailer and distributor of consumer and business products in China, announced today that the Company has signed a product distribution agreement with Juda Group, a well-known manufacturer of consumer electronics goods in China.
Under this agreement, China 3C will begin selling all of Juda Group's consumer electronics products as well as provide after-sales service support for these products at all China 3C stores located in the Jiangsu and Zhejiang provinces. Revenues generated from Juda Group's products will benefit China 3C's Sanhe subsidiary.
Juda Group is based in southern China. Its products include DVD players, high definition DVD players, home theater systems and stereo equipment. It has been the recipient of multiple prestigious industry awards related to trustworthy consumer products and ''Famous Chinese brands'' products. The Company has over 5,000 employees and operates from a 48,000 square meter facility.
Mr. Zhuang Bingwu, CEO of Juda Group, said, ''We are delighted to establish this relationship with China 3C Group. This agreement marks our first entry into the eastern China market and we are honored to align ourselves with a retailer that has significant distribution capability and a strong 'store-in-store' presence in the Huadong region."
Mr. Wang Zhenggang, CEO of China 3C, commented, ''Our cooperation with the Juda Group further diversifies our product offering and provides greater options to our basic customers. We are also pleased that this agreement provides after-sales service support, which is a new initiative that can strengthen our manufacturing relationships and develop additional higher margin revenue opportunities for our business.''
VYEY | Victory Energy Corp Continues To Expand Drilling And Production
Jul 28, 2008 8:00:00 AM
CARSON CITY, NV -- (MARKET WIRE) -- 07/28/08 -- Victory Energy Corporation (OTCBB: VYEY) announced today drilling progress on the two deep Strawn Limestone gas wells. The wells are located in the Corporation's Crockett County gas play in the Texas Permian Basin.
Victory's drilling contractor reports the two Strawn Limestone gas wells are at 7,700 and 7,000 feet in depth. Both wells had a good show of gas as they were drilled through the Canyon Sandstone formation at approximately 5,000 feet.
The shallow oil test proved not to be commercial. That zone was subsequently cemented off and the natural gas well will be completed in the Canyon Sandstone formation as originally planned. The stimulation frac job on this well and on the latest Canyon Sandstone well will be completed by mid August.
All of Victory's other Canyon Sandstone gas wells are producing in accordance with historical information for this field according to Victory's contractor responsible for monitoring production on a daily basis.
"Results should be available within the next few weeks on both deep Strawn Limestone gas wells. As both wells have great commercial potential within Canyon Sandstone formation, the risk of drilling to deeper formations is greatly reduced," stated Jon Fullenkamp, President of Victory Energy Corporation.
CARSON CITY, NV -- (MARKET WIRE) -- 07/28/08 -- Victory Energy Corporation (OTCBB: VYEY) announced today drilling progress on the two deep Strawn Limestone gas wells. The wells are located in the Corporation's Crockett County gas play in the Texas Permian Basin.
Victory's drilling contractor reports the two Strawn Limestone gas wells are at 7,700 and 7,000 feet in depth. Both wells had a good show of gas as they were drilled through the Canyon Sandstone formation at approximately 5,000 feet.
The shallow oil test proved not to be commercial. That zone was subsequently cemented off and the natural gas well will be completed in the Canyon Sandstone formation as originally planned. The stimulation frac job on this well and on the latest Canyon Sandstone well will be completed by mid August.
All of Victory's other Canyon Sandstone gas wells are producing in accordance with historical information for this field according to Victory's contractor responsible for monitoring production on a daily basis.
"Results should be available within the next few weeks on both deep Strawn Limestone gas wells. As both wells have great commercial potential within Canyon Sandstone formation, the risk of drilling to deeper formations is greatly reduced," stated Jon Fullenkamp, President of Victory Energy Corporation.
PTSG | Petrosearch Energy Pays All Convertible Debt
Penny Stocks In the News
Jul 28, 2008 9:43:00 AM
HOUSTON--(BUSINESS WIRE)--
Petrosearch Energy Corporation (OTCBB:PTSG) announced that the Company has used part of the proceeds from the sale of its 5.54455% limited partnership interest in DDJET Limited LLP to repay all of the $18,775,000 outstanding Convertible Notes ("Notes"). The repayment of the Notes leaves the Company with a strong balance sheet; including a significant cash balance, no debt obligations (other than current trade payables) and positive stockholders equity. The Company also has proved oil and gas reserves of approximately 1.8 million Boe net to the Company and probable and possible reserves of approximately 5.4 million Boe net to the Company.
President and CEO of Petrosearch Richard Dole stated, "We are pleased with the financial condition of the Company after the sale of our Barnett Shale project and the repayment of our outstanding debt. We believe we are in an excellent position to commence the development of our waterflood project while we continue to pursue strategic alternatives for the Company."
Jul 28, 2008 9:43:00 AM
HOUSTON--(BUSINESS WIRE)--
Petrosearch Energy Corporation (OTCBB:PTSG) announced that the Company has used part of the proceeds from the sale of its 5.54455% limited partnership interest in DDJET Limited LLP to repay all of the $18,775,000 outstanding Convertible Notes ("Notes"). The repayment of the Notes leaves the Company with a strong balance sheet; including a significant cash balance, no debt obligations (other than current trade payables) and positive stockholders equity. The Company also has proved oil and gas reserves of approximately 1.8 million Boe net to the Company and probable and possible reserves of approximately 5.4 million Boe net to the Company.
President and CEO of Petrosearch Richard Dole stated, "We are pleased with the financial condition of the Company after the sale of our Barnett Shale project and the repayment of our outstanding debt. We believe we are in an excellent position to commence the development of our waterflood project while we continue to pursue strategic alternatives for the Company."
AGXM | Argentex Mining Begins Trading On The TSX
Penny Stock News On The OTCBB
Jul 28, 2008 8:00:00 AM
VANCOUVER, July 28 /CNW/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce that effective today, Monday, July 28, 2008, its common shares will begin trading on Canada's TSX Venture Exchange (TSX-V) in addition to the company's existing listings in the U.S. and Germany. The company's shares will trade on the TSX-V under the symbol "ATX."
In 2004 Argentex acquired a large package of prospective exploration properties in the Patagonia region of Argentina. The Pinguino property quickly became the focus of the company's exploration efforts, which in early 2006 culminated in the discovery of a significant new polymetallic and precious metal occurrence. Since that initial discovery, numerous additional vein systems have been discovered, covering more than 60 kilometers (37 miles) in total strike length, using detailed geological mapping, soil geochemistry, magnetometry and IP geophysics. Diamond drill testing has been successfully carried out on more than eight major Pinguino veins identified to date, returning excellent intersections of mineralization.
Jul 28, 2008 8:00:00 AM
VANCOUVER, July 28 /CNW/ - Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce that effective today, Monday, July 28, 2008, its common shares will begin trading on Canada's TSX Venture Exchange (TSX-V) in addition to the company's existing listings in the U.S. and Germany. The company's shares will trade on the TSX-V under the symbol "ATX."
In 2004 Argentex acquired a large package of prospective exploration properties in the Patagonia region of Argentina. The Pinguino property quickly became the focus of the company's exploration efforts, which in early 2006 culminated in the discovery of a significant new polymetallic and precious metal occurrence. Since that initial discovery, numerous additional vein systems have been discovered, covering more than 60 kilometers (37 miles) in total strike length, using detailed geological mapping, soil geochemistry, magnetometry and IP geophysics. Diamond drill testing has been successfully carried out on more than eight major Pinguino veins identified to date, returning excellent intersections of mineralization.
PSUD | PetroSun, Inc. Board Authorizes Stock Buyback Of 12 Million Shares
Penny Stock News
Jul 28, 2008 10:35:00 AM
SCOTTSDALE, AZ -- (MARKET WIRE) -- 07/28/08 -- PetroSun, Inc. (PINKSHEETS: PSUD) announced today that the Board of Directors has authorized the buyback of up to 12 million shares or approximately twenty-five percent of the company's common stock currently issued and outstanding over a nine month period.
"The share buyback plan demonstrates the Board of Directors confidence in the cash-generating capabilities of our algae-to-biofuels technology and the recently announced oilfield tubing and casing sales agreement," stated PetroSun CEO Gordon LeBlanc, Jr. "This share repurchase plan will honor our commitment to increase shareholder value."
The timing of repurchases and the number of shares repurchased will depend upon business and financial market conditions.
Jul 28, 2008 10:35:00 AM
SCOTTSDALE, AZ -- (MARKET WIRE) -- 07/28/08 -- PetroSun, Inc. (PINKSHEETS: PSUD) announced today that the Board of Directors has authorized the buyback of up to 12 million shares or approximately twenty-five percent of the company's common stock currently issued and outstanding over a nine month period.
"The share buyback plan demonstrates the Board of Directors confidence in the cash-generating capabilities of our algae-to-biofuels technology and the recently announced oilfield tubing and casing sales agreement," stated PetroSun CEO Gordon LeBlanc, Jr. "This share repurchase plan will honor our commitment to increase shareholder value."
The timing of repurchases and the number of shares repurchased will depend upon business and financial market conditions.
MONA Game Website Passes 100 million Users
China Penny Stocks News
Jul 28, 2008 9:22:00 AM
BEIJING, July 28 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com (Pink Sheets: MONA -). The issuer proudly announces that its PP365.com Game Portal has surpassed 100 million users. Mr. Yong Chan, CEO of MONA, said, "This is an important milestone as it elevates the company to the major players field level, which should enable us to attract higher search engine rankings in China and enable us to co brand and enter into cooperating agreements with other portals that attract our target audience, and in turn add more revenue and users to our base."
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
CONTACT: corporate@monarccorporation.com
Jul 28, 2008 9:22:00 AM
BEIJING, July 28 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com (Pink Sheets: MONA -). The issuer proudly announces that its PP365.com Game Portal has surpassed 100 million users. Mr. Yong Chan, CEO of MONA, said, "This is an important milestone as it elevates the company to the major players field level, which should enable us to attract higher search engine rankings in China and enable us to co brand and enter into cooperating agreements with other portals that attract our target audience, and in turn add more revenue and users to our base."
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
CONTACT: corporate@monarccorporation.com
MEYN | MindfulEye, Inc Receives First Purchase Order
More Pink Sheets Penny Stock News
Jul 28, 2008 6:45:00 AM
LAS VEGAS--(BUSINESS WIRE)--
MindfulEye, Inc. (Pinksheets: MEYN) is pleased to announce that it has received its first purchase order from regional supplement retailer, The Vitamin Guy.
The Vitamin Guy is a well respected retailer, with innovative and cutting edge supplements, that cater to all aspects of nutrition and healthcare. The Vitamin Guy has submitted a Purchase Order to acquire the Arthrizyme product, which is innovative in its ability to assist the body in inflammation and general joint pain.
"The Vitamin Guy is very aggressive in its marketing of its nutritional and healthcare products, through their very educated and well-informed staff and we are very pleased that The Vitamin Guy will offer our valued products to their esteemed and no doubt loyal customers," states Harvey Panesar, President of MindfulEye, Inc. "Although The Vitamin Guy may not be as large as some of its competitors, they are very well respected for their knowledge in the nutrition and healthcare market."
"Although we have shifted our focus onto the infomercial and becoming more of media presence with the Medical Crisis book, we are very pleased at the continued interest retailers have shown in our products and the willingness to sell them," continued Mr. Panesar.
Jul 28, 2008 6:45:00 AM
LAS VEGAS--(BUSINESS WIRE)--
MindfulEye, Inc. (Pinksheets: MEYN) is pleased to announce that it has received its first purchase order from regional supplement retailer, The Vitamin Guy.
The Vitamin Guy is a well respected retailer, with innovative and cutting edge supplements, that cater to all aspects of nutrition and healthcare. The Vitamin Guy has submitted a Purchase Order to acquire the Arthrizyme product, which is innovative in its ability to assist the body in inflammation and general joint pain.
"The Vitamin Guy is very aggressive in its marketing of its nutritional and healthcare products, through their very educated and well-informed staff and we are very pleased that The Vitamin Guy will offer our valued products to their esteemed and no doubt loyal customers," states Harvey Panesar, President of MindfulEye, Inc. "Although The Vitamin Guy may not be as large as some of its competitors, they are very well respected for their knowledge in the nutrition and healthcare market."
"Although we have shifted our focus onto the infomercial and becoming more of media presence with the Medical Crisis book, we are very pleased at the continued interest retailers have shown in our products and the willingness to sell them," continued Mr. Panesar.
LTUS | Lotus Pharmaceuticals To Purchase Land Rights For New Production Facility
China Penny Stocks
Jul 28, 2008 8:00:00 AM
BEIJING, July 28 /Xinhua-PRNewswire-FirstCall/ -- Lotus Pharmaceuticals, Inc. (OTC Bulletin Board: LTUS) ("Lotus" or the "Company"), a pharmaceutical company in the People's Republic of China ("PRC"), today announced that on June 3, 2008 it entered into an agreement with the Cha You Qian Qi Economy Commission ("Cha You"), Inner Mongolia, to purchase land rights to property on which it plans to construct a facility for developing and manufacturing pharmaceutical products.
Details of this purchase were provided in an 8-K form filed with the SEC by the Company on July 17, 2008.
The property, located in Cha You's Cha Ha Er Industrial Garden District, is approximately 400,200 square meters. Plans call for construction of a 40,000 square meter manufacturing facility. The property was acquired for development by Liang Fang Pharmaceutical Co., Ltd. ("Liang Fang"), a PRC company fully controlled by Lotus. The cost of land rights was RMB 108 million (approximately $15.5 million), of which Liang Fang has paid RMB 39 million (approximately $5.8 million) to Cha You.
The agreement through which Liang Fang acquired land rights to the property stipulates that construction of a manufacturing facility on the property must start by September 3, 2008. The cost of construction is an estimated RMB 160 million (approximately $22.9 million). The cost of purchasing production machinery is an estimated RMB 182 million (approximately $26.0 million). Working capital for development of the project is an estimated RMB 50 million (approximately $7.1 million). Liang Fang plans to fund this project from its working capital, and looks to obtain bank loans and government loans and grants. Various local government agencies have agreed to waive user fees for this project, and a package of tax abatements may be available to Liang Fang. Plans call for the facility to be completed and equipped by December 2010, and production to start after receiving government Good Manufacturing Practices (GMP) approval.
Lotus intends on developing and manufacturing a number of pharmaceutical products at the facility. The first products planned for manufacture include saline for intravenous use and blood plasma substitutes. Manufacturing and distribution of each planned item will require separate government approvals. Lotus intends to produce prescription items for distribution to hospitals after enlarging its current distribution network.
"We are pleased with our agreement with Cha You through which we acquired land, and we look forward to developing a new facility," said Dr. Zhongyi Liu, Chairman, CEO and President of Lotus Pharmaceuticals, Inc. "We already have plans to manufacture a wide range of new pharmaceutical products in the new facility, and want to see the new facility become a place in which we develop and manufacture sophisticated new products."
Jul 28, 2008 8:00:00 AM
BEIJING, July 28 /Xinhua-PRNewswire-FirstCall/ -- Lotus Pharmaceuticals, Inc. (OTC Bulletin Board: LTUS) ("Lotus" or the "Company"), a pharmaceutical company in the People's Republic of China ("PRC"), today announced that on June 3, 2008 it entered into an agreement with the Cha You Qian Qi Economy Commission ("Cha You"), Inner Mongolia, to purchase land rights to property on which it plans to construct a facility for developing and manufacturing pharmaceutical products.
Details of this purchase were provided in an 8-K form filed with the SEC by the Company on July 17, 2008.
The property, located in Cha You's Cha Ha Er Industrial Garden District, is approximately 400,200 square meters. Plans call for construction of a 40,000 square meter manufacturing facility. The property was acquired for development by Liang Fang Pharmaceutical Co., Ltd. ("Liang Fang"), a PRC company fully controlled by Lotus. The cost of land rights was RMB 108 million (approximately $15.5 million), of which Liang Fang has paid RMB 39 million (approximately $5.8 million) to Cha You.
The agreement through which Liang Fang acquired land rights to the property stipulates that construction of a manufacturing facility on the property must start by September 3, 2008. The cost of construction is an estimated RMB 160 million (approximately $22.9 million). The cost of purchasing production machinery is an estimated RMB 182 million (approximately $26.0 million). Working capital for development of the project is an estimated RMB 50 million (approximately $7.1 million). Liang Fang plans to fund this project from its working capital, and looks to obtain bank loans and government loans and grants. Various local government agencies have agreed to waive user fees for this project, and a package of tax abatements may be available to Liang Fang. Plans call for the facility to be completed and equipped by December 2010, and production to start after receiving government Good Manufacturing Practices (GMP) approval.
Lotus intends on developing and manufacturing a number of pharmaceutical products at the facility. The first products planned for manufacture include saline for intravenous use and blood plasma substitutes. Manufacturing and distribution of each planned item will require separate government approvals. Lotus intends to produce prescription items for distribution to hospitals after enlarging its current distribution network.
"We are pleased with our agreement with Cha You through which we acquired land, and we look forward to developing a new facility," said Dr. Zhongyi Liu, Chairman, CEO and President of Lotus Pharmaceuticals, Inc. "We already have plans to manufacture a wide range of new pharmaceutical products in the new facility, and want to see the new facility become a place in which we develop and manufacture sophisticated new products."
SPNG | Sponge Tech Promotional Day Outside Yankee Stadium
OTCBB Penny Stock News
New SpongeTech(R) Adds Outside Yankee Stadium Monday, July 28, 2008 on AdRide(TM)
Jul 28, 2008 9:00:00 AM
NEW YORK, July 28 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) is pleased to announce that today is SpongeTech(R) Promotional Day at Yankee Stadium. SpongeTech(R) will distribute key chains to the first 18,000 fans over 21 in attendance. These key chains will commemorate the Yankee's final season at the old Stadium.
SpongeTech(R)'s Chief Operating Officer, Steven Moskowitz said, "Being huge New York sports fans, we felt this was a great way to mainstream our name and support the New York Yankees(TM). This has been a positive way for many people to become familiar with SpongeTech(R) and encourage them to try our products to experience the value of our patented technology. A SpongeTech(R) sign will appear on the scoreboard, as well as other very visible spots on the Major Deegan Highway and in the Stadium and also see our new SpongeTech(R) adds outside Yankee Stadium with AdRide(TM)."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com .
New SpongeTech(R) Adds Outside Yankee Stadium Monday, July 28, 2008 on AdRide(TM)
Jul 28, 2008 9:00:00 AM
NEW YORK, July 28 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) is pleased to announce that today is SpongeTech(R) Promotional Day at Yankee Stadium. SpongeTech(R) will distribute key chains to the first 18,000 fans over 21 in attendance. These key chains will commemorate the Yankee's final season at the old Stadium.
SpongeTech(R)'s Chief Operating Officer, Steven Moskowitz said, "Being huge New York sports fans, we felt this was a great way to mainstream our name and support the New York Yankees(TM). This has been a positive way for many people to become familiar with SpongeTech(R) and encourage them to try our products to experience the value of our patented technology. A SpongeTech(R) sign will appear on the scoreboard, as well as other very visible spots on the Major Deegan Highway and in the Stadium and also see our new SpongeTech(R) adds outside Yankee Stadium with AdRide(TM)."
For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com .
JUHL | Juhl Wind, Inc. CEO To Appear On Your World With Neil Cavuto
Penny Stock News
Jul 28, 2008 10:55:00 AM
WOODSTOCK, Minn.--(BUSINESS WIRE)--
Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, is pleased to announce that the Company's CEO, Dan Juhl is scheduled to appear on Fox's "Your World with Neil Cavuto" today between 4:00 PM and 5:00 PM EST. Schedules are subject to change due to breaking news and other possible schedule modifications.
Following the interview, Juhl Wind will make the video available on the company's website at www.juhlwind.com.
Jul 28, 2008 10:55:00 AM
WOODSTOCK, Minn.--(BUSINESS WIRE)--
Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, is pleased to announce that the Company's CEO, Dan Juhl is scheduled to appear on Fox's "Your World with Neil Cavuto" today between 4:00 PM and 5:00 PM EST. Schedules are subject to change due to breaking news and other possible schedule modifications.
Following the interview, Juhl Wind will make the video available on the company's website at www.juhlwind.com.
IDGI | INCA Designs, Inc Targets Over Ten Million Readers
Penny Stock News
Jul 28, 2008 9:45:00 AM
NEW YORK--(BUSINESS WIRE)--
(PINKSHEETS: IDGI) - INCA Designs Inc. a boutique design house distributing sophisticated collections of swimwear, resort wear and accessories, is pleased to announce that it's Sari Dress was featured in a recent issue of Star Magazine.
"Star News has been an integral part of weekly celebrity culture and has been influential in many aspects of the consumers purchasing decisions. Star Magazine has not only set trends, they have to a degree influenced how people dress, they beauty products they use, what to eat and what cars to drive," stated Stephanie Hirsch, designer and President of Inca Designs Inc.
"It is incredibly important for Inca Designs to be mentioned in a magazine of this magnitude. They have given us the privilege of mentioning our fashion forward Sari Dress in one of their editorials, along side celebrities Kate Walsh and Lauren Conrad. It's trending setting magazines such as Star that help drive the demand for our products, which ultimately lead to revenue growth of companies like ours," continued Ms. Hirsch.
Star Magazine targets an audience that is predominately female. They currently have a total audience surpassing 10 million readers and are owned by American Media Inc., which is the 4th largest consumer magazine publisher in the United States and #2 in retail magazine sales. American Media Inc.'s over 16 titles reach over 50 million readers and they publish 6 of the 15 best selling weekly newsstand titles in the country.
Jul 28, 2008 9:45:00 AM
NEW YORK--(BUSINESS WIRE)--
(PINKSHEETS: IDGI) - INCA Designs Inc. a boutique design house distributing sophisticated collections of swimwear, resort wear and accessories, is pleased to announce that it's Sari Dress was featured in a recent issue of Star Magazine.
"Star News has been an integral part of weekly celebrity culture and has been influential in many aspects of the consumers purchasing decisions. Star Magazine has not only set trends, they have to a degree influenced how people dress, they beauty products they use, what to eat and what cars to drive," stated Stephanie Hirsch, designer and President of Inca Designs Inc.
"It is incredibly important for Inca Designs to be mentioned in a magazine of this magnitude. They have given us the privilege of mentioning our fashion forward Sari Dress in one of their editorials, along side celebrities Kate Walsh and Lauren Conrad. It's trending setting magazines such as Star that help drive the demand for our products, which ultimately lead to revenue growth of companies like ours," continued Ms. Hirsch.
Star Magazine targets an audience that is predominately female. They currently have a total audience surpassing 10 million readers and are owned by American Media Inc., which is the 4th largest consumer magazine publisher in the United States and #2 in retail magazine sales. American Media Inc.'s over 16 titles reach over 50 million readers and they publish 6 of the 15 best selling weekly newsstand titles in the country.
FMXL | Foamex Announces Significant Debt Reduction On Closing Of Rights Offering And Second Lien Term Loan Aug. 15
Penny Stock News Roundup
Jul 28, 2008 9:47:00 AM
LINWOOD, Pa.--(BUSINESS WIRE)--
Foamex International Inc. (OTC:FMXL), a leading producer of polyurethane foam-based solutions and specialty comfort products, announced that it is extending its rights offering and second lien term loan offering to August 12, 2008 at 5:00 p.m. New York time. The offerings were previously scheduled to expire on July 24, 2008.
As previously announced, the Company's total debt as of June 29, 2008 was approximately $417.6 million, down from approximately $629 million as of April 1, 2007. In the second lien term loan offering, the Company has already received assignments of second lien term loans in the amount of approximately $20.4 million. Upon closing of the offerings, total debt is anticipated to be less than $400 million, significantly strengthening the Company's balance sheet since April 1, 2007. The rights offering and second lien term loan offering are anticipated to close on August 15, 2008.
Jul 28, 2008 9:47:00 AM
LINWOOD, Pa.--(BUSINESS WIRE)--
Foamex International Inc. (OTC:FMXL), a leading producer of polyurethane foam-based solutions and specialty comfort products, announced that it is extending its rights offering and second lien term loan offering to August 12, 2008 at 5:00 p.m. New York time. The offerings were previously scheduled to expire on July 24, 2008.
As previously announced, the Company's total debt as of June 29, 2008 was approximately $417.6 million, down from approximately $629 million as of April 1, 2007. In the second lien term loan offering, the Company has already received assignments of second lien term loans in the amount of approximately $20.4 million. Upon closing of the offerings, total debt is anticipated to be less than $400 million, significantly strengthening the Company's balance sheet since April 1, 2007. The rights offering and second lien term loan offering are anticipated to close on August 15, 2008.
EFGU Announces $30 Million In Slated Original Production With 20 New Film Acquisitions
Pink Sheet Penny Stock News
Jul 28, 2008 9:00:00 AM
2008 PrimeNewswire, Inc.
BEVERLY HILLS, Calif., July 28, 2008 (PRIME NEWSWIRE) -- Propelled by more than 20 new film acquisitions and a $30-million dollar slate of original productions, Empire Film Group, Inc. (Pink Sheets:EFGU) (http://www.empirefilmgroup.com) is positioned to rapidly ascend as one of the top, independent studios in North America, said CEO Dean Hamilton-Bornstein. With the company's film library now topping 200 titles, and with nine films in development or production, Bornstein reports that Empire's line-up of releases for the next year rivals the volume of leading independents Lionsgate and The Weinstein Company.
"We have been building Empire rapidly and intelligently," said Bornstein. "Our business model balances the quick return available from acquiring completed, third-party titles, with the long-term value of producing and owning our own movies. As the major studios have moved more towards event-level releases, a market opportunity has opened for Empire for quality, commercial titles in a more modest release range. We are already delivering solid results with our growing DVD library, and expect similar successes from our theatrical titles and original productions," Bornstein concluded.
Empire's theatrical slate for 2008 includes "Hounddog," starring Dakota Fanning and Robin Wright-Penn, "Local Color," starring Armin Mueller-Stahl, Ron Perlman and Ray Liotta, and "Rocket Post" starring Kevin McKidd and Shauna MacDonald. The company's DVD line-up for the remainder of 2008 includes the Sidney Poitier drama, "The Last Brickmaker In America," an animated feature version of the Jules Verne classic "Journey to the Center of the Earth," and "The Superstars of Country Comedy" with Bill Engvall, Jeff Foxworthy and Larry the Cable Guy.
"It's an impressive slate that continues to grow in number and stature," said Eric Parkinson, CEO of Empire Home Entertainment, the distribution division for Empire. "Our theatrical line-up is first rate, and our DVD schedule is as diverse as it is commercial. The company is also encouraged by the retailer response to our new slate of book releases from our publishing activities, so we're exceeding our goals in all three product categories."
The current value of Empire's original production slate for 2008 and 2009 exceeds $30-million and consists of nine new productions including the action-adventure "Havana Heat," the sci-fi thriller "Shadow Vision" and the sports biography "Gotch: An American Hero." Most of the original productions will be distributed in North America by Empire, with international rights licensed to key production partners. Empire is vertically integrated with most film production activities, owning and operating motion picture trucks, cameras, lighting equipment, post-production editing and operating its own sound stage.
Jul 28, 2008 9:00:00 AM
2008 PrimeNewswire, Inc.
BEVERLY HILLS, Calif., July 28, 2008 (PRIME NEWSWIRE) -- Propelled by more than 20 new film acquisitions and a $30-million dollar slate of original productions, Empire Film Group, Inc. (Pink Sheets:EFGU) (http://www.empirefilmgroup.com) is positioned to rapidly ascend as one of the top, independent studios in North America, said CEO Dean Hamilton-Bornstein. With the company's film library now topping 200 titles, and with nine films in development or production, Bornstein reports that Empire's line-up of releases for the next year rivals the volume of leading independents Lionsgate and The Weinstein Company.
"We have been building Empire rapidly and intelligently," said Bornstein. "Our business model balances the quick return available from acquiring completed, third-party titles, with the long-term value of producing and owning our own movies. As the major studios have moved more towards event-level releases, a market opportunity has opened for Empire for quality, commercial titles in a more modest release range. We are already delivering solid results with our growing DVD library, and expect similar successes from our theatrical titles and original productions," Bornstein concluded.
Empire's theatrical slate for 2008 includes "Hounddog," starring Dakota Fanning and Robin Wright-Penn, "Local Color," starring Armin Mueller-Stahl, Ron Perlman and Ray Liotta, and "Rocket Post" starring Kevin McKidd and Shauna MacDonald. The company's DVD line-up for the remainder of 2008 includes the Sidney Poitier drama, "The Last Brickmaker In America," an animated feature version of the Jules Verne classic "Journey to the Center of the Earth," and "The Superstars of Country Comedy" with Bill Engvall, Jeff Foxworthy and Larry the Cable Guy.
"It's an impressive slate that continues to grow in number and stature," said Eric Parkinson, CEO of Empire Home Entertainment, the distribution division for Empire. "Our theatrical line-up is first rate, and our DVD schedule is as diverse as it is commercial. The company is also encouraged by the retailer response to our new slate of book releases from our publishing activities, so we're exceeding our goals in all three product categories."
The current value of Empire's original production slate for 2008 and 2009 exceeds $30-million and consists of nine new productions including the action-adventure "Havana Heat," the sci-fi thriller "Shadow Vision" and the sports biography "Gotch: An American Hero." Most of the original productions will be distributed in North America by Empire, with international rights licensed to key production partners. Empire is vertically integrated with most film production activities, owning and operating motion picture trucks, cameras, lighting equipment, post-production editing and operating its own sound stage.
DLKM | Douglas Lake Minerals Reveal Tests Yield Up To 99.4 Percent Gold Recovery
OTCBB Penny Stock News
Jul 28, 2008 9:00:00 AM
VANCOUVER, July 28 /CNW/ - Harp Sangha, President/CEO of Douglas Lake Minerals (OTC BB: DLKM / Frankfurt: D60.F) is pleased to announce the results from preliminary gravity concentration test work completed on three samples of gold bearing alluvial material from the Company's wholly owned Mbwemkuru Alluvial Gold Project located in the Lindi region in Southeastern Tanzania. The test work was completed by Met-Solve Laboratories of Vancouver, BC.
HIGHLIGHTS:
Test work completed on two samples of field concentrate and one of surface sand with a combined weight of 26.2kg using a Falcon concentrator and a two stage recovery process. The two stage recovery process consisted of running material through the Falcon concentrator and then running the tailings through as the second stage.
The calculated head grades (the g/t grade of the material before processing) of the three samples were 193.1 g/t and 61.8 g/t from the field concentrate and 1.69 g/t of surface sand.
Total gold recovery from the two stage process ranged from 94.7% to 99.4% for the three samples
ICP analysis of the samples indicated strongly anomalous contents of combined Uranium and Thorium with the highest combined U/Th value of 828 ppm associated with the field concentrate that produced a calculated head grade of 61.8 g/t.
Jul 28, 2008 9:00:00 AM
VANCOUVER, July 28 /CNW/ - Harp Sangha, President/CEO of Douglas Lake Minerals (OTC BB: DLKM / Frankfurt: D60.F) is pleased to announce the results from preliminary gravity concentration test work completed on three samples of gold bearing alluvial material from the Company's wholly owned Mbwemkuru Alluvial Gold Project located in the Lindi region in Southeastern Tanzania. The test work was completed by Met-Solve Laboratories of Vancouver, BC.
HIGHLIGHTS:
Test work completed on two samples of field concentrate and one of surface sand with a combined weight of 26.2kg using a Falcon concentrator and a two stage recovery process. The two stage recovery process consisted of running material through the Falcon concentrator and then running the tailings through as the second stage.
The calculated head grades (the g/t grade of the material before processing) of the three samples were 193.1 g/t and 61.8 g/t from the field concentrate and 1.69 g/t of surface sand.
Total gold recovery from the two stage process ranged from 94.7% to 99.4% for the three samples
ICP analysis of the samples indicated strongly anomalous contents of combined Uranium and Thorium with the highest combined U/Th value of 828 ppm associated with the field concentrate that produced a calculated head grade of 61.8 g/t.
PNHL | Planet Nutrition Holdings, Inc Releases 2008 and 2009 Revenue Projections
News In Penny Stocks
Jul 28, 2008 8:30:00 AM
CORNELIUS, NC -- (MARKET WIRE) -- 07/28/08 -- Planet Nutrition Holdings, Inc. (PINKSHEETS: PNHL) announces today its projected revenues for 2008 to be in excess of 2 million dollars and 2009 revenues to be in excess of 4 million dollars.
Planet Nutrition is anticipating an exceptional year based on their recent acquisition of I M & M Exercise Equipment and the continual expansion of its product lines and service offerings. Projected revenues for 2008 are based on the growth experienced over the last few quarters along with expected increase in revenues from the company's newly acquired products and service offerings.
The company's projections for 2009 revenues are in excess of 4 million dollars. By 2009 the company intends to complete 1-2 more acquisitions and launch several new exercise equipment products developed by its I M & M Exercise Equipment subsidiary. In addition the company anticipates the opening of 5 new stores over the next two years, contingent on financing.
"With what we have on the table for future acquisitions, we should be able to attain revenues of 2 million dollars and up for 2008," stated CEO Dan Starczewski.
Jul 28, 2008 8:30:00 AM
CORNELIUS, NC -- (MARKET WIRE) -- 07/28/08 -- Planet Nutrition Holdings, Inc. (PINKSHEETS: PNHL) announces today its projected revenues for 2008 to be in excess of 2 million dollars and 2009 revenues to be in excess of 4 million dollars.
Planet Nutrition is anticipating an exceptional year based on their recent acquisition of I M & M Exercise Equipment and the continual expansion of its product lines and service offerings. Projected revenues for 2008 are based on the growth experienced over the last few quarters along with expected increase in revenues from the company's newly acquired products and service offerings.
The company's projections for 2009 revenues are in excess of 4 million dollars. By 2009 the company intends to complete 1-2 more acquisitions and launch several new exercise equipment products developed by its I M & M Exercise Equipment subsidiary. In addition the company anticipates the opening of 5 new stores over the next two years, contingent on financing.
"With what we have on the table for future acquisitions, we should be able to attain revenues of 2 million dollars and up for 2008," stated CEO Dan Starczewski.
GGLB | Green Global International Confirms Agreement With Estoril
Penny Stock News Roundup
Facility Targeted to Become the Premier Green Certified Congress Center in Europe
Jul 28, 2008 9:09:00 AM
MURRIETA, CA -- (MARKET WIRE) -- 07/28/08 -- Green Globe International, Inc. (OTCBB: GGLB), which owns the Green Globe brand, the premier international green brand focused on sustainability and carbon neutrality programs, today confirmed its agreement with the Estoril Congress Center (ECC) in Estoril, Portugal, under which Green Globe International provides a variety of sustainability and related services that will enhance the center's position as the premier green meeting venue in Europe.
In response to the global climate crisis, Estoril Congress Center has committed to a vision of operating a meeting facility with zero emissions and zero waste. Its goal is to become a certified reference for sustainability in Portugal and in the European Congress Market.
Estoril Congress Center has initiated its certification process under Green Globe International by implementing a methodology focused on 4 key steps: Strategy and Vision, Recording Energy and Waste Usage, Stakeholder Engagement and Execution of Sustainable Operational Procedures. The service package provided to ECC by Green Globe International will include carbon, waste and resource reduction strategies, and operational protocols for recycling and material reuse, staff training, communications and measurement.
Green Globe International will appoint a representative to assist in the planning and coordination of sustainability activities for the Estoril Congress Center and will identify the criteria and benchmarking standards that must be achieved to attain sustainability and certification. The benchmarking and certification will be delivered through EC3 Global, Green Globe International's exclusive provider of the benchmarking and certification program worldwide.
ECC expects to receive the Green Globe benchmarked status by September 2008, thereby becoming among the first Congress Center in Europe to achieve that status in the Green Globe program and the first to achieve it under Green Globe International's comprehensive sustainability services agreement.
Facility Targeted to Become the Premier Green Certified Congress Center in Europe
Jul 28, 2008 9:09:00 AM
MURRIETA, CA -- (MARKET WIRE) -- 07/28/08 -- Green Globe International, Inc. (OTCBB: GGLB), which owns the Green Globe brand, the premier international green brand focused on sustainability and carbon neutrality programs, today confirmed its agreement with the Estoril Congress Center (ECC) in Estoril, Portugal, under which Green Globe International provides a variety of sustainability and related services that will enhance the center's position as the premier green meeting venue in Europe.
In response to the global climate crisis, Estoril Congress Center has committed to a vision of operating a meeting facility with zero emissions and zero waste. Its goal is to become a certified reference for sustainability in Portugal and in the European Congress Market.
Estoril Congress Center has initiated its certification process under Green Globe International by implementing a methodology focused on 4 key steps: Strategy and Vision, Recording Energy and Waste Usage, Stakeholder Engagement and Execution of Sustainable Operational Procedures. The service package provided to ECC by Green Globe International will include carbon, waste and resource reduction strategies, and operational protocols for recycling and material reuse, staff training, communications and measurement.
Green Globe International will appoint a representative to assist in the planning and coordination of sustainability activities for the Estoril Congress Center and will identify the criteria and benchmarking standards that must be achieved to attain sustainability and certification. The benchmarking and certification will be delivered through EC3 Global, Green Globe International's exclusive provider of the benchmarking and certification program worldwide.
ECC expects to receive the Green Globe benchmarked status by September 2008, thereby becoming among the first Congress Center in Europe to achieve that status in the Green Globe program and the first to achieve it under Green Globe International's comprehensive sustainability services agreement.
Labels:
1000 Penny Stocks,
Penny Stock
CLXS Selects Mediator For Market Research
OTCBB Penny Stock News
Medical and Consumer Health Intelligence Company Implements Collexis' Knowledge Discovery Technology as Tool to Facilitate Research and Trend Analysis
Jul 28, 2008 8:57:00 AM
COLUMBIA, S.C.--(BUSINESS WIRE)--
Collexis Holdings Inc. (OTCBB:CLXS), a leading developer of semantic search and knowledge discovery software, announced today that it has contracted with Balan Biomedical, Inc., a medical and consumer health intelligence company, to provide its Collexis Mediator product for the organization to support market research and trend analysis in the field of biotechnology. Balan will use the software as a research and analysis tool to identify and track clinical needs, which will facilitate consumer health research and clinical analytics.
Collexis Mediator offers researchers a more meaningful and efficient means of finding information by operating as an advanced text-mining tool and enables the end user to track scientific trends as well as conduct in-depth assessment of a given field of scientific investigation. Along with advanced document search and semantic analysis capabilities, Collexis Mediator is linked to a biomedical-expertise repository of over one million scientists, the profiles of each expert being based on scientific articles published in peer-reviewed journals.
"We are pleased that Balan has chosen Collexis to support its market research and consulting in the field of biotechnology," said Jon Lieberman, general manager, government and enterprise worldwide for Collexis. "This is an example of how Collexis' technology can be used for more than academic research and fundamental research and discovery, but also for commercial use. The software allows an analyst to scour the market and pinpoint and monitor competition, as well as uncover targets for acquisition. We are excited about this announcement and hope this is the beginning of a lasting partnership."
Balan Biomedical is working with Collexis developers to create its own analytic algorithm to conduct trend analysis based on data that is compiled through the software. By identifying areas of clinical interest, tracking clinical needs and trending what is happening with biomedical literature, Balan mitigates risk and leads to dramatic improvements in patient health through its innovative method that combines clinical needs forecasting, technology scouting, resource discovery and market assessment and evaluation.
Chief Executive Officer of Balan Biomedical Elisabeth Hager remarked, "We chose Collexis after conducting lots of research; we thought about building our own (text-mining tool), but were excited to learn that one with such impressive technology was already built. Collexis supports our business model nicely and we are very impressed with the level and quality of work--I anticipate Balan will incorporate more Collexis technology and products to support our market research and analytics in the future."
Medical and Consumer Health Intelligence Company Implements Collexis' Knowledge Discovery Technology as Tool to Facilitate Research and Trend Analysis
Jul 28, 2008 8:57:00 AM
COLUMBIA, S.C.--(BUSINESS WIRE)--
Collexis Holdings Inc. (OTCBB:CLXS), a leading developer of semantic search and knowledge discovery software, announced today that it has contracted with Balan Biomedical, Inc., a medical and consumer health intelligence company, to provide its Collexis Mediator product for the organization to support market research and trend analysis in the field of biotechnology. Balan will use the software as a research and analysis tool to identify and track clinical needs, which will facilitate consumer health research and clinical analytics.
Collexis Mediator offers researchers a more meaningful and efficient means of finding information by operating as an advanced text-mining tool and enables the end user to track scientific trends as well as conduct in-depth assessment of a given field of scientific investigation. Along with advanced document search and semantic analysis capabilities, Collexis Mediator is linked to a biomedical-expertise repository of over one million scientists, the profiles of each expert being based on scientific articles published in peer-reviewed journals.
"We are pleased that Balan has chosen Collexis to support its market research and consulting in the field of biotechnology," said Jon Lieberman, general manager, government and enterprise worldwide for Collexis. "This is an example of how Collexis' technology can be used for more than academic research and fundamental research and discovery, but also for commercial use. The software allows an analyst to scour the market and pinpoint and monitor competition, as well as uncover targets for acquisition. We are excited about this announcement and hope this is the beginning of a lasting partnership."
Balan Biomedical is working with Collexis developers to create its own analytic algorithm to conduct trend analysis based on data that is compiled through the software. By identifying areas of clinical interest, tracking clinical needs and trending what is happening with biomedical literature, Balan mitigates risk and leads to dramatic improvements in patient health through its innovative method that combines clinical needs forecasting, technology scouting, resource discovery and market assessment and evaluation.
Chief Executive Officer of Balan Biomedical Elisabeth Hager remarked, "We chose Collexis after conducting lots of research; we thought about building our own (text-mining tool), but were excited to learn that one with such impressive technology was already built. Collexis supports our business model nicely and we are very impressed with the level and quality of work--I anticipate Balan will incorporate more Collexis technology and products to support our market research and analytics in the future."
Subscribe to:
Posts (Atom)