OTCBB Penny Stock News
Jul 29, 2008 10:00:00 AM
SAN DIEGO, CA -- (MARKET WIRE) -- 07/29/08 -- Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced the receipt of an additional $235,000 in financing through the sale of four new convertible debentures to Moore Investment Holdings, LLC, a Nevada limited liability company.
Details of the financing are included in a Form 8-K filed with the Securities and Exchange Commission on July 28, 2008.
The funding is being utilized to continue upgrades and improvements to the floatation circuit at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. Unico's wholly owned subsidiary, Deer Trail Mining Company, LLC, recently announced the completion of the floatation circuit at the mill and processing facility at the Deer Trail Mine. Repairs and improvements have recently been undertaken in order to facilitate more effective and efficient operations at the mill, and the company looks forward to the next steps at the facility, which are expected to include the production of concentrates.
The $235,000 in funding includes convertible debentures of $10,000 dated July 14, 2008; $25,000 dated July 16, 2008; $100,000 dated July 18, 2008; and $100,000 dated July 23, 2008.
Including the $235,000 received as a result of these debentures, Unico has received a total of $1,415,000 in financing since the beginning of the 2008 calendar year to help stimulate operations at the Deer Trail Mine.
"This funding comes at an important time for the company as we complete upgrades and refinements to the floatation circuit at the Deer Trail mill facility," stated Mark A. Lopez, chief executive officer of Unico, Inc. "We expect to provide additional information on the status of our project at the Deer Trail Mine in the coming days, including preparations for potential future underground mining activities at the site."
UCSO | United Consortium Announces Availability Of USB Internet Radio Player
Pink Sheets Penny Stock News
Jul 29, 2008 4:00:00 PM
FORT LAUDERDALE, FL -- (MARKET WIRE) -- 07/29/08 -- United Consortium, Ltd. (PINKSHEETS: UCSO), an international distributor of branded consumer goods, today announced the availability of the Ezonics™ eRadio Anywhere USB internet radio player and recorder.
Internet radio (also known as web radio, net radio, streaming radio and e-radio) is an audio broadcasting service transmitted via the Internet. An April 2008 Arbitron/Edison survey showed that more than one in seven persons aged 25-54 years old listen to online radio each week. The same study showed that in 2008, 13 percent of the American population listened to the radio online, compared with 11 percent in 2004.
"We are pleased to be adding the Ezonics eRadio to our product line-up," said Gonzalo Lage, President of United Consortium. "The Ezonics brand coupled with the exciting simplicity of this product is sure to make this one of our most popular items."
With the eRadio Anywhere, users can hear and record radio stations from any city, state or country on their PC. The eRadio Anywhere is an ultra-slim, light weight portable device which enables simple access to over 12,000 internet radio stations anywhere there is an internet connection. This product is a must have for people who like to hear and record radio stations on their computers, travelers who wish to listen to their hometown music and news, and listeners who enjoy foreign or domestic music and news. The built-in USB 2.0 high-speed connector makes setup and docking to a personal computer very easy.
Jul 29, 2008 4:00:00 PM
FORT LAUDERDALE, FL -- (MARKET WIRE) -- 07/29/08 -- United Consortium, Ltd. (PINKSHEETS: UCSO), an international distributor of branded consumer goods, today announced the availability of the Ezonics™ eRadio Anywhere USB internet radio player and recorder.
Internet radio (also known as web radio, net radio, streaming radio and e-radio) is an audio broadcasting service transmitted via the Internet. An April 2008 Arbitron/Edison survey showed that more than one in seven persons aged 25-54 years old listen to online radio each week. The same study showed that in 2008, 13 percent of the American population listened to the radio online, compared with 11 percent in 2004.
"We are pleased to be adding the Ezonics eRadio to our product line-up," said Gonzalo Lage, President of United Consortium. "The Ezonics brand coupled with the exciting simplicity of this product is sure to make this one of our most popular items."
With the eRadio Anywhere, users can hear and record radio stations from any city, state or country on their PC. The eRadio Anywhere is an ultra-slim, light weight portable device which enables simple access to over 12,000 internet radio stations anywhere there is an internet connection. This product is a must have for people who like to hear and record radio stations on their computers, travelers who wish to listen to their hometown music and news, and listeners who enjoy foreign or domestic music and news. The built-in USB 2.0 high-speed connector makes setup and docking to a personal computer very easy.
TEWI | Titan Energy Worlwide To Demonstrate Sentry 5000(TM)
Penny Stock News
Jul 29, 2008 10:36:00 AM
MINNEAPOLIS, MN -- (MARKET WIRE) -- 07/29/08 -- Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in manufacturing, marketing and servicing of energy generation products and services, will showcase the Sentry 5000(TM) Mobile Utility System to Regional National Guard, Emergency Management Officials and First Responders in flood affected areas outside St. Louis, Missouri on August 4th, 2008.
As flood recovery efforts continue throughout the devastated region, officials have requested a demonstration of the Sentry to regional response teams as a complement to the team's emergency response fleet. Of interest is the Sentry 5000(TM)'s water purification system, which provides 3,600 gallons of purified drinking water per day through its state-of-the-art, 5-stage reverse osmosis purification process. Floodwaters contaminated with a toxic combination of sewage, farm runoff and petroleum products are raising concerns over the availability of clean drinking water as the affected areas work to clean-up and rebuild the worst hit areas. The Sentry 5000(TM) can provide drinking water, along with electrical power and cooling to support response teams in their efforts.
According to Dean Pellegata, Business Development Manager for Titan Energy, "The opportunity to present the Sentry 5000(TM) to officials actively in 'disaster response mode' will be an ideal forum to demonstrate its many capabilities. The integration of multiple utilities into a single, towable unit with no loose pieces to assemble and a single push button start save precious time when arriving onsite. The Sentry also allows rescue teams the flexibility to quickly deploy power, water and cooling from one location to the next as rescue efforts expand across the region."
Jul 29, 2008 10:36:00 AM
MINNEAPOLIS, MN -- (MARKET WIRE) -- 07/29/08 -- Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in manufacturing, marketing and servicing of energy generation products and services, will showcase the Sentry 5000(TM) Mobile Utility System to Regional National Guard, Emergency Management Officials and First Responders in flood affected areas outside St. Louis, Missouri on August 4th, 2008.
As flood recovery efforts continue throughout the devastated region, officials have requested a demonstration of the Sentry to regional response teams as a complement to the team's emergency response fleet. Of interest is the Sentry 5000(TM)'s water purification system, which provides 3,600 gallons of purified drinking water per day through its state-of-the-art, 5-stage reverse osmosis purification process. Floodwaters contaminated with a toxic combination of sewage, farm runoff and petroleum products are raising concerns over the availability of clean drinking water as the affected areas work to clean-up and rebuild the worst hit areas. The Sentry 5000(TM) can provide drinking water, along with electrical power and cooling to support response teams in their efforts.
According to Dean Pellegata, Business Development Manager for Titan Energy, "The opportunity to present the Sentry 5000(TM) to officials actively in 'disaster response mode' will be an ideal forum to demonstrate its many capabilities. The integration of multiple utilities into a single, towable unit with no loose pieces to assemble and a single push button start save precious time when arriving onsite. The Sentry also allows rescue teams the flexibility to quickly deploy power, water and cooling from one location to the next as rescue efforts expand across the region."
PRPL | Park Place Energy Releases Update On Eight Mile Property
Penny Stock News
Jul 29, 2008 4:56:00 PM
OTCBB:PRPL
FRANKFURT: 3P2
VANCOUVER, July 29 /PRNewswire-FirstCall/ - Park Place Energy Corp. ("Park Place" or "the Company") is pleased to announce that company representatives recently attended a partners meeting with the operator, Terra Energy Corp (TSX.V:TTR), in Calgary, Alberta. The operator informed the partners of the accelerated development and exploration program of the Eight Mile property in North East British Columbia. Park Place has been notified to expect receipt of the first AFE document in the upcoming weeks and that drilling of the next well is anticipated to commence in early September.
Park Place and partners have drilled 3 wells at Eight Mile with the 7-8 Well producing and the other 2 wells have been shut-in awaiting further drilling in the area and pipeline construction. The Company and its partners have 22 sections of land totaling approximately 5,632 acres and can drill a total of 41 additional wells on the property.
Eight Mile is located in the Fort St John area of the British Columbia and Alberta border area and falls within the Montney area that reaches into Alberta. The Company acquired shale gas land sections on July 23, 2008 within the Montney area in Alberta at the Alberta Landsales. Park Place is aggressively seeking to expand its presence and create a core within the Montney area and its Nordegg petroleum rich formation.
David Johnson, Park Place President and CEO said, "The Company is very excited to accelerate development of our core producing property, Eight Mile and anticipate cash flows to increase significantly, should the drilling operations be successful. The Company as aggressively positioning itself as a producing junior oil and gas explorer in the area with a recently announced blue sky shale gas property acquisition."
Jul 29, 2008 4:56:00 PM
OTCBB:PRPL
FRANKFURT: 3P2
VANCOUVER, July 29 /PRNewswire-FirstCall/ - Park Place Energy Corp. ("Park Place" or "the Company") is pleased to announce that company representatives recently attended a partners meeting with the operator, Terra Energy Corp (TSX.V:TTR), in Calgary, Alberta. The operator informed the partners of the accelerated development and exploration program of the Eight Mile property in North East British Columbia. Park Place has been notified to expect receipt of the first AFE document in the upcoming weeks and that drilling of the next well is anticipated to commence in early September.
Park Place and partners have drilled 3 wells at Eight Mile with the 7-8 Well producing and the other 2 wells have been shut-in awaiting further drilling in the area and pipeline construction. The Company and its partners have 22 sections of land totaling approximately 5,632 acres and can drill a total of 41 additional wells on the property.
Eight Mile is located in the Fort St John area of the British Columbia and Alberta border area and falls within the Montney area that reaches into Alberta. The Company acquired shale gas land sections on July 23, 2008 within the Montney area in Alberta at the Alberta Landsales. Park Place is aggressively seeking to expand its presence and create a core within the Montney area and its Nordegg petroleum rich formation.
David Johnson, Park Place President and CEO said, "The Company is very excited to accelerate development of our core producing property, Eight Mile and anticipate cash flows to increase significantly, should the drilling operations be successful. The Company as aggressively positioning itself as a producing junior oil and gas explorer in the area with a recently announced blue sky shale gas property acquisition."
PDOS | MashON Signs Licensing Agreement with Platinum Studios
OTC Penny Stock News
Jul 29, 2008 11:56:00 AM
Copyright Business Wire 2008
LOS ANGELES--(BUSINESS WIRE)--
MashON, a next generation online software application company, announced today that Platinum Studios, Inc. (OTCBB:PDOS), an entertainment company that controls an international library of more than 5,600 comic book characters, has signed an agreement to license the MashON online platform to Platinum Studios Inc.'s Digital Properties, the first of which will be at DrunkDuck.com. MashON is an interactive online software platform that lets anyone create their own personalized digital comic books or graphic novels. These digital comic creations can be created and shared online by emailing, posting them to your favorite blog or social network and posting them to the MashON's gallery. MashON's interactivity will let the DrunkDuck fans finally create their own comic stories using their favorite DrunkDuck comic characters.
"MashON's Comic Book Creator platform is ideally suited for the comic book fans on DrunkDuck.com to create their own user-generated comics," said Philippe Benoliel, CEO of MashON. "We look forward to seeing what kind of digital comic books that DrunkDuck.com members come up with."
"By Platinum Studios' licensing the MashON platform for DrunkDuck.com, the MashON Comic Book Creator now interactively takes our non-comic creator users to the next level," said Scott Mitchell Rosenberg, Chairman and CEO of Platinum Studios.
"We have always wanted to allow DrunkDuck.com users to be able to be interactive with their favorite characters and create their own comics, and now they can," said Brian Altounian, President and COO of Platinum Studios.
Now you don't have to be a comic creator to create personalized comics as fans's of DrunkDuck's Platinum Studios vast treasure-trove library of comics and characters will soon be able to create their own personalized digital comics and graphic novels at MashON.com and at DrunkDuck.com.
Jul 29, 2008 11:56:00 AM
Copyright Business Wire 2008
LOS ANGELES--(BUSINESS WIRE)--
MashON, a next generation online software application company, announced today that Platinum Studios, Inc. (OTCBB:PDOS), an entertainment company that controls an international library of more than 5,600 comic book characters, has signed an agreement to license the MashON online platform to Platinum Studios Inc.'s Digital Properties, the first of which will be at DrunkDuck.com. MashON is an interactive online software platform that lets anyone create their own personalized digital comic books or graphic novels. These digital comic creations can be created and shared online by emailing, posting them to your favorite blog or social network and posting them to the MashON's gallery. MashON's interactivity will let the DrunkDuck fans finally create their own comic stories using their favorite DrunkDuck comic characters.
"MashON's Comic Book Creator platform is ideally suited for the comic book fans on DrunkDuck.com to create their own user-generated comics," said Philippe Benoliel, CEO of MashON. "We look forward to seeing what kind of digital comic books that DrunkDuck.com members come up with."
"By Platinum Studios' licensing the MashON platform for DrunkDuck.com, the MashON Comic Book Creator now interactively takes our non-comic creator users to the next level," said Scott Mitchell Rosenberg, Chairman and CEO of Platinum Studios.
"We have always wanted to allow DrunkDuck.com users to be able to be interactive with their favorite characters and create their own comics, and now they can," said Brian Altounian, President and COO of Platinum Studios.
Now you don't have to be a comic creator to create personalized comics as fans's of DrunkDuck's Platinum Studios vast treasure-trove library of comics and characters will soon be able to create their own personalized digital comics and graphic novels at MashON.com and at DrunkDuck.com.
SCLN | SciClone Pharmaceuticals Revenues Increase 54% For 2nd Quarter - Guidance Updated For 2008
Penny Stock News
Revenues Increase 54% in Second Quarter of 2008; Guidance Updated for the Year 2008
Jul 29, 2008 6:00:00 AM
FOSTER CITY, CA -- (MARKET WIRE) -- 07/29/08 -- SciClone Pharmaceuticals, Inc. (NASDAQ: SCLN) today reported results for the second quarter ended June 30, 2008.
"We achieved outstanding revenue growth in our China business in the second quarter. Consolidated sales of ZADAXIN® (thymalfasin) grew by 54% over the second quarter of 2007. We are delighted with our continued success in building a leading pharmaceutical business in this attractive and important market," said Friedhelm Blobel, Ph.D., President and Chief Executive Officer of SciClone. "Later this year, we expect to receive approval for DC Bead™ for the treatment of liver cancer in China. In the third quarter, we plan to report data from our phase 2 SCV-07 trial in Hepatitis C virus (HCV). Most important, in the fourth quarter, we expect to report final data from the European phase 3 trial evaluating thymalfasin in triple therapy to treat patients infected with HCV who have not responded to standard therapy and have very limited treatment options today."
Financial Results
For the second quarter of 2008, product revenues from the sale of ZADAXIN increased by 54% to $13,834,000, compared with product revenues of $8,955,000 for the second quarter of 2007. The increase in product revenues for the second quarter of 2008 is primarily attributable to an increase in the quantity of ZADAXIN sold in the People's Republic of China ("China"), which accounted for approximately 94% of total ZADAXIN sales for the quarter.
Research and development expenses for the second quarter of 2008, including related party research and development costs, totaled $4,535,000, compared with $4,712,000 for the second quarter of 2007. The costs this quarter are primarily related to clinical trial expenses for our phase 2 trials for RP101 and SCV-07, the phase 3 clinical trial for HCV, and development plans for a phase 3 trial for melanoma. General and administrative expenses for the second quarter of 2008 were $2,860,000, compared with $2,444,000 for the second quarter of 2007. Sales and marketing expenses for the second quarter of 2008 were $4,192,000, compared with $3,139,000 for the second quarter of 2007. The increase in sales and marketing expenses was primarily due to increases in personnel, promotional activities, and operating expenses related to our expanding sales and marketing efforts.
Net loss for the second quarter of 2008 totaled $319,000, or $0.01 per share, compared with $2,657,000, or $0.06 per share, for the second quarter of 2007.
Cash, cash equivalents and short-term investments totaled $21,885,000 at June 30, 2008, compared with $35,281,000 at December 31, 2007 and $37,481,000 at June 30, 2007. In addition, the Company also had a long-term investment of $1,679,000 at June 30, 2008.
SPIL China Quarterly Financial Data
For the second quarter of 2008, SciClone Pharmaceuticals International China Holding, Ltd., a fully-owned SciClone subsidiary ("SPIL China"), generated product revenues of $13,068,000 from sales of ZADAXIN, a 57% increase compared with $8,325,000 of product revenues for the second quarter of 2007. SPIL China's operating income for the second quarter of 2008 was $6,781,000. The SPIL China results are provided on a GAAP basis and exclude inter-company expenses. Inter-company expenses payable to SciClone from SPIL China were $781,000 in the second quarter.
Revenues Increase 54% in Second Quarter of 2008; Guidance Updated for the Year 2008
Jul 29, 2008 6:00:00 AM
FOSTER CITY, CA -- (MARKET WIRE) -- 07/29/08 -- SciClone Pharmaceuticals, Inc. (NASDAQ: SCLN) today reported results for the second quarter ended June 30, 2008.
"We achieved outstanding revenue growth in our China business in the second quarter. Consolidated sales of ZADAXIN® (thymalfasin) grew by 54% over the second quarter of 2007. We are delighted with our continued success in building a leading pharmaceutical business in this attractive and important market," said Friedhelm Blobel, Ph.D., President and Chief Executive Officer of SciClone. "Later this year, we expect to receive approval for DC Bead™ for the treatment of liver cancer in China. In the third quarter, we plan to report data from our phase 2 SCV-07 trial in Hepatitis C virus (HCV). Most important, in the fourth quarter, we expect to report final data from the European phase 3 trial evaluating thymalfasin in triple therapy to treat patients infected with HCV who have not responded to standard therapy and have very limited treatment options today."
Financial Results
For the second quarter of 2008, product revenues from the sale of ZADAXIN increased by 54% to $13,834,000, compared with product revenues of $8,955,000 for the second quarter of 2007. The increase in product revenues for the second quarter of 2008 is primarily attributable to an increase in the quantity of ZADAXIN sold in the People's Republic of China ("China"), which accounted for approximately 94% of total ZADAXIN sales for the quarter.
Research and development expenses for the second quarter of 2008, including related party research and development costs, totaled $4,535,000, compared with $4,712,000 for the second quarter of 2007. The costs this quarter are primarily related to clinical trial expenses for our phase 2 trials for RP101 and SCV-07, the phase 3 clinical trial for HCV, and development plans for a phase 3 trial for melanoma. General and administrative expenses for the second quarter of 2008 were $2,860,000, compared with $2,444,000 for the second quarter of 2007. Sales and marketing expenses for the second quarter of 2008 were $4,192,000, compared with $3,139,000 for the second quarter of 2007. The increase in sales and marketing expenses was primarily due to increases in personnel, promotional activities, and operating expenses related to our expanding sales and marketing efforts.
Net loss for the second quarter of 2008 totaled $319,000, or $0.01 per share, compared with $2,657,000, or $0.06 per share, for the second quarter of 2007.
Cash, cash equivalents and short-term investments totaled $21,885,000 at June 30, 2008, compared with $35,281,000 at December 31, 2007 and $37,481,000 at June 30, 2007. In addition, the Company also had a long-term investment of $1,679,000 at June 30, 2008.
SPIL China Quarterly Financial Data
For the second quarter of 2008, SciClone Pharmaceuticals International China Holding, Ltd., a fully-owned SciClone subsidiary ("SPIL China"), generated product revenues of $13,068,000 from sales of ZADAXIN, a 57% increase compared with $8,325,000 of product revenues for the second quarter of 2007. SPIL China's operating income for the second quarter of 2008 was $6,781,000. The SPIL China results are provided on a GAAP basis and exclude inter-company expenses. Inter-company expenses payable to SciClone from SPIL China were $781,000 in the second quarter.
INTK | Industrial Nanotech Continues Expansion In Africa
More Penny Stock News From The Pink Sheets
Jul 29, 2008 8:00:00 AM
Copyright Business Wire 2008
NAPLES, Fla.--(BUSINESS WIRE)--
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, continued its international expansion with the announcement today that the exclusive distributor in Africa for the Company's patented Nansulate(R) energy saving coatings, Megaros Industrial Products Inc., has signed an agreement with Henriboss Global Marketing Nigeria Inc. to represent the Company's product line in Nigeria.
"There is an abundant market for Industrial Nanotech's Nansulate energy saving coating products in Nigeria," stated Uche Mbachu, president of Henriboss Global Marketing. "With our extensive experience in marketing and promoting international products in Nigeria and West Africa, Henriboss will make Nansulate products a household name in this region."
The Oil and Gas Journal estimated that Nigeria contains proven oil reserves totaling 35.2 billion barrels. The Nigerian government plans to expand its proven reserves to 40 billion barrels by 2010. In 2007, Nigeria and Angola combined exported more oil to the US than Saudi Arabia. In addition, a proven reserve of 260 trillion cubic feet of natural gas has enhanced Nigeria's strategic significance further. The country already supplies 10 percent of the world's liquefied natural gas.
"We had received several inquiries and interest in distributorship for the country of Nigeria," explained James Umekwe, President Megaros Industrial Products, Inc. "After a thorough and extensive review of all candidates, we chose Henriboss Global, located in Abuja, Nigeria with offices in Owerri, Imo State and Brussels, Belgium."
"Market penetration for the Nansulate product line is much faster in international markets when represented by local, knowledgeable companies such as Henriboss," continued Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. "Nigeria is an important player in the energy industry, which makes the region very interesting to us. Our well established strategy of creating a global sales and distribution platform now has the Company's products represented in over 30 countries around the world and has provided protection for the Company's revenue stream growth rate from regional economic downturns."
Jul 29, 2008 8:00:00 AM
Copyright Business Wire 2008
NAPLES, Fla.--(BUSINESS WIRE)--
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, continued its international expansion with the announcement today that the exclusive distributor in Africa for the Company's patented Nansulate(R) energy saving coatings, Megaros Industrial Products Inc., has signed an agreement with Henriboss Global Marketing Nigeria Inc. to represent the Company's product line in Nigeria.
"There is an abundant market for Industrial Nanotech's Nansulate energy saving coating products in Nigeria," stated Uche Mbachu, president of Henriboss Global Marketing. "With our extensive experience in marketing and promoting international products in Nigeria and West Africa, Henriboss will make Nansulate products a household name in this region."
The Oil and Gas Journal estimated that Nigeria contains proven oil reserves totaling 35.2 billion barrels. The Nigerian government plans to expand its proven reserves to 40 billion barrels by 2010. In 2007, Nigeria and Angola combined exported more oil to the US than Saudi Arabia. In addition, a proven reserve of 260 trillion cubic feet of natural gas has enhanced Nigeria's strategic significance further. The country already supplies 10 percent of the world's liquefied natural gas.
"We had received several inquiries and interest in distributorship for the country of Nigeria," explained James Umekwe, President Megaros Industrial Products, Inc. "After a thorough and extensive review of all candidates, we chose Henriboss Global, located in Abuja, Nigeria with offices in Owerri, Imo State and Brussels, Belgium."
"Market penetration for the Nansulate product line is much faster in international markets when represented by local, knowledgeable companies such as Henriboss," continued Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. "Nigeria is an important player in the energy industry, which makes the region very interesting to us. Our well established strategy of creating a global sales and distribution platform now has the Company's products represented in over 30 countries around the world and has provided protection for the Company's revenue stream growth rate from regional economic downturns."
ETLY | ECOtality Subsidary Launches New Fast Charger
More Penny Stock News From The OTCBB
eTec's New Minit-Charger Model "SC" for Material Handling Applications Is Lighter, Smaller and Cost-Efficient
Jul 29, 2008 8:00:00 AM
Copyright Business Wire 2008
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Electric Transportation Engineering Corporation (eTec), a wholly owned subsidiary of ECOtality, Inc. (OTCBB: ETLY), a renewable energy company that acquires and commercially advances clean electric technologies and applications, today announced it has received Underwriter's Laboratories Inc. (UL) approval for its new line of Minit-Charger SC battery fast-charge systems and will begin shipping these chargers on August 1, 2008. Utilizing Minit-Charger's patented advanced algorithm technology, the SC Charger is a lighter, compact and more cost-effective fast-charging system that serves a variety of material-handling-equipment applications.
"As the Minit-Charger SC system is economically priced and requires minimal space, the SC Charger line enhances our product portfolio and improves our strong position in the fast-charging market," said Don Karner, president and CEO of eTec, parent company of Minit-Charger. "The SC Charger can be used with almost all material-handling-equipment batteries, eliminates the need for expensive and cumbersome lift truck modifications, and provides the fastest charge rates compared to any other charging system. As the underlying fast-charge technology has a variety of applications in other industries, including on-road electric vehicles, the launch of the SC Charger opens up new market sectors that will accelerate the mainstream adoption of clean electric fast-charging systems for material handling and other industries."
The SC Charger is a high-frequency, single-connector charger designed for medium and heavy duty applications. Providing up to 250 amps of output, the SC Charger can fast-charge battery systems of 36 volts or lower four times faster than convention charger. The SC Charger features a light and compact design that allows for the system to be pole or wall mounted in order to save valuable floor space and allows better cable management. The SC Charger also features advanced data collection capabilities, including the patented Minit-Trak(TM) fleet and system data management system, which provides the most comprehensive performance evaluation of a battery's state-of-health and state-of-charge and automatically adjusts its charging rates to increase and maximize battery life.
eTec, a wholly owned subsidiary of ECOtality, is a recognized leader in the research, development and testing of advanced transportation energy systems and infrastructures. Committed to commercially advancing clean electric technologies with clear market advantages, eTec manufactures and provides battery fast-charge systems and fueling stations for electric and hydrogen-powered vehicles. For more information about eTec or Minit-Charger, please visit www.etecevs.com or www.minit-charger.com.
eTec's New Minit-Charger Model "SC" for Material Handling Applications Is Lighter, Smaller and Cost-Efficient
Jul 29, 2008 8:00:00 AM
Copyright Business Wire 2008
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Electric Transportation Engineering Corporation (eTec), a wholly owned subsidiary of ECOtality, Inc. (OTCBB: ETLY), a renewable energy company that acquires and commercially advances clean electric technologies and applications, today announced it has received Underwriter's Laboratories Inc. (UL) approval for its new line of Minit-Charger SC battery fast-charge systems and will begin shipping these chargers on August 1, 2008. Utilizing Minit-Charger's patented advanced algorithm technology, the SC Charger is a lighter, compact and more cost-effective fast-charging system that serves a variety of material-handling-equipment applications.
"As the Minit-Charger SC system is economically priced and requires minimal space, the SC Charger line enhances our product portfolio and improves our strong position in the fast-charging market," said Don Karner, president and CEO of eTec, parent company of Minit-Charger. "The SC Charger can be used with almost all material-handling-equipment batteries, eliminates the need for expensive and cumbersome lift truck modifications, and provides the fastest charge rates compared to any other charging system. As the underlying fast-charge technology has a variety of applications in other industries, including on-road electric vehicles, the launch of the SC Charger opens up new market sectors that will accelerate the mainstream adoption of clean electric fast-charging systems for material handling and other industries."
The SC Charger is a high-frequency, single-connector charger designed for medium and heavy duty applications. Providing up to 250 amps of output, the SC Charger can fast-charge battery systems of 36 volts or lower four times faster than convention charger. The SC Charger features a light and compact design that allows for the system to be pole or wall mounted in order to save valuable floor space and allows better cable management. The SC Charger also features advanced data collection capabilities, including the patented Minit-Trak(TM) fleet and system data management system, which provides the most comprehensive performance evaluation of a battery's state-of-health and state-of-charge and automatically adjusts its charging rates to increase and maximize battery life.
eTec, a wholly owned subsidiary of ECOtality, is a recognized leader in the research, development and testing of advanced transportation energy systems and infrastructures. Committed to commercially advancing clean electric technologies with clear market advantages, eTec manufactures and provides battery fast-charge systems and fueling stations for electric and hydrogen-powered vehicles. For more information about eTec or Minit-Charger, please visit www.etecevs.com or www.minit-charger.com.
EPRT | ESPRE Solutions Sign Partnership Agreement With Worldwide Media Corp.
OTCBB Penny Stocks In The News
Jul 29, 2008 9:30:00 AM
PLANO, TX -- (MARKET WIRE) -- 07/29/08 -- ESPRE Solutions, Inc. (OTCBB: EPRT), a video media services company and owner of VUELive, a web-based video distribution platform, announced today that it has signed a partnership agreement with Worldwide Media Corporation. The ESPRE/Worldwide Media Corp. agreement will allow ESPRE to take advantage of WMC's tremendous reputation in the sport of golf worldwide, including its distribution channels, which include the biggest and most recognized outlets in the world. It will also allow WMC to introduce VUELive services using ESPRE technology to a global audience, which will greatly enhance the quality of its programming and demonstrate the leading-edge quality of ESPRE's exclusive technology.
"We are excited with our partnership with ESPRE," said Tom Auclair, WMC's President, and CEO. "We were sold on the technology the instant we saw it for the first time, and from there, working with Pete Ianace and his team was an act of discovery and accomplishment. We're pleased to be with ESPRE as they introduce their revolutionary technology to the markets we serve, and we're excited about the future, about being able to offer ESPRE technology to a wide spectrum of clients of wide diversity and needs.
Mr. Auclair continues, "As innovators, we recognize the uniqueness of ESPRE technology, and we're committed to introducing it to as many companies as possible, and as soon as possible. ESPRE is ahead of the cutting edge and we're convinced that before very long, with ESPRE technology, the Internet will become the new, global source of high quality programming. Worldwide Media Corp. is thrilled to be a key part of that future."
Pete Ianace, CEO of ESPRE Solutions, states, "It is a pleasure to be working with someone with Tom Auclair's reputation and credibility in the world of professional golf. Tom has not missed a PGA Tour event in more than nine years. At each event, Tom conducts video interviews with all of the day's leaders. Each interview is exclusive, which makes it extra special for you, the viewer. Rather than watching a scrum interview as you would see on the nightly sporting news, the goal of ITR is to make you feel as if you are sitting down, shooting the breeze with the likes of Tiger Woods, Phil Mickelson, Vijay Singh, Ernie Els and all the players on the PGA Tour. Our joint goal is to leverage the best of our technology to bring Tom's exclusive content to a much broader global audience and offer live interviews and events in the near future. This partnership goes beyond just professional golf and will leverage Tom's standing with major sponsors and media companies as we together introduce new ways to bring interactive sports content to the web."
Highlights of this partnership agreement include the sharing of revenue generated from the delivery of not only golf, but other professional sports content. It also contains provisions that benefit both WMC and ESPRE should one of WMC's current distribution partners choose to use ESPRE technology for news coverage that goes beyond the sports world.
Jul 29, 2008 9:30:00 AM
PLANO, TX -- (MARKET WIRE) -- 07/29/08 -- ESPRE Solutions, Inc. (OTCBB: EPRT), a video media services company and owner of VUELive, a web-based video distribution platform, announced today that it has signed a partnership agreement with Worldwide Media Corporation. The ESPRE/Worldwide Media Corp. agreement will allow ESPRE to take advantage of WMC's tremendous reputation in the sport of golf worldwide, including its distribution channels, which include the biggest and most recognized outlets in the world. It will also allow WMC to introduce VUELive services using ESPRE technology to a global audience, which will greatly enhance the quality of its programming and demonstrate the leading-edge quality of ESPRE's exclusive technology.
"We are excited with our partnership with ESPRE," said Tom Auclair, WMC's President, and CEO. "We were sold on the technology the instant we saw it for the first time, and from there, working with Pete Ianace and his team was an act of discovery and accomplishment. We're pleased to be with ESPRE as they introduce their revolutionary technology to the markets we serve, and we're excited about the future, about being able to offer ESPRE technology to a wide spectrum of clients of wide diversity and needs.
Mr. Auclair continues, "As innovators, we recognize the uniqueness of ESPRE technology, and we're committed to introducing it to as many companies as possible, and as soon as possible. ESPRE is ahead of the cutting edge and we're convinced that before very long, with ESPRE technology, the Internet will become the new, global source of high quality programming. Worldwide Media Corp. is thrilled to be a key part of that future."
Pete Ianace, CEO of ESPRE Solutions, states, "It is a pleasure to be working with someone with Tom Auclair's reputation and credibility in the world of professional golf. Tom has not missed a PGA Tour event in more than nine years. At each event, Tom conducts video interviews with all of the day's leaders. Each interview is exclusive, which makes it extra special for you, the viewer. Rather than watching a scrum interview as you would see on the nightly sporting news, the goal of ITR is to make you feel as if you are sitting down, shooting the breeze with the likes of Tiger Woods, Phil Mickelson, Vijay Singh, Ernie Els and all the players on the PGA Tour. Our joint goal is to leverage the best of our technology to bring Tom's exclusive content to a much broader global audience and offer live interviews and events in the near future. This partnership goes beyond just professional golf and will leverage Tom's standing with major sponsors and media companies as we together introduce new ways to bring interactive sports content to the web."
Highlights of this partnership agreement include the sharing of revenue generated from the delivery of not only golf, but other professional sports content. It also contains provisions that benefit both WMC and ESPRE should one of WMC's current distribution partners choose to use ESPRE technology for news coverage that goes beyond the sports world.
BWNR | Brownstone Resources Releases Comments On Elliot Lake Option
Penny Stock News From The Pink Sheets
Jul 29, 2008 10:19:00 AM
TORONTO -- (MARKET WIRE) -- 07/29/08 -- Brownstone Resources Inc. (PINKSHEETS: BWNR) has decided not to continue with plans for the Elliot Lake prospective uranium property. The company will instead focus their efforts on the exploration and development of the LS Grande gold/silver/copper property in Arizona.
Management will continue to keep investors and shareholders updated as our field programs yield results.
Brownstone is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold mining properties. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
Jul 29, 2008 10:19:00 AM
TORONTO -- (MARKET WIRE) -- 07/29/08 -- Brownstone Resources Inc. (PINKSHEETS: BWNR) has decided not to continue with plans for the Elliot Lake prospective uranium property. The company will instead focus their efforts on the exploration and development of the LS Grande gold/silver/copper property in Arizona.
Management will continue to keep investors and shareholders updated as our field programs yield results.
Brownstone is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold mining properties. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
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PSPM | Lee Vanatta Designated As Chariman Of The Board For Pure Spectrum, Inc
Pink Sheets Penny Stock News
Technology Company Also Strengthens Leadership Through Addition of Accomplished Attorney David Michael Conner
Jul 29, 2008 7:30:00 AM
SAVANNAH, GA -- (MARKET WIRE) -- 07/29/08 -- PureSpectrum, Inc. (PINKSHEETS: PSPM) president and CEO Lee Vanatta has been designated the chairman of the company's board of directors, and veteran corporate attorney David Michael Conner has joined the board of directors.
Through comprehensive market research and progressive engineering, PureSpectrum has created dimming ballast technology for fluorescent lighting products. During the past six months, the company's maturation has rapidly accelerated and PureSpectrum has been in discussions with several global, international lighting manufacturers regarding licensing the technology for commercial production.
Vanatta, who has provided leadership as a member of the board of directors since the company's inception in 2006, said he will continue to identify strategies and actions to promote long-term growth and enhance shareholder value.
"I appreciate the faith and confidence the board of directors and shareholders have placed in me by electing me to this position," Vanatta said. "I have been clearly directed to continue strengthening the company in order to elevate our stock to a more stable stock exchange by the end of the year. I understand there are revenue and asset requirements required to enable the company to make this move, and I am very confident that we will meet those standards to join the ranks of fully reporting publicly held companies."
Conner is a partner in the Savannah law firm of Bouhan, Williams & Levy LLP and was appointed special counsel for PureSpectrum's board of directors earlier this year. Conner is a fellow of the Litigation Counsel of America and has been named a Georgia Rising Star twice by Super Lawyers. During his 14 years as a corporate litigator, he has developed a reputation for excellence while serving a diverse group of clients ranging from Fortune 500 corporations to individuals.
Technology Company Also Strengthens Leadership Through Addition of Accomplished Attorney David Michael Conner
Jul 29, 2008 7:30:00 AM
SAVANNAH, GA -- (MARKET WIRE) -- 07/29/08 -- PureSpectrum, Inc. (PINKSHEETS: PSPM) president and CEO Lee Vanatta has been designated the chairman of the company's board of directors, and veteran corporate attorney David Michael Conner has joined the board of directors.
Through comprehensive market research and progressive engineering, PureSpectrum has created dimming ballast technology for fluorescent lighting products. During the past six months, the company's maturation has rapidly accelerated and PureSpectrum has been in discussions with several global, international lighting manufacturers regarding licensing the technology for commercial production.
Vanatta, who has provided leadership as a member of the board of directors since the company's inception in 2006, said he will continue to identify strategies and actions to promote long-term growth and enhance shareholder value.
"I appreciate the faith and confidence the board of directors and shareholders have placed in me by electing me to this position," Vanatta said. "I have been clearly directed to continue strengthening the company in order to elevate our stock to a more stable stock exchange by the end of the year. I understand there are revenue and asset requirements required to enable the company to make this move, and I am very confident that we will meet those standards to join the ranks of fully reporting publicly held companies."
Conner is a partner in the Savannah law firm of Bouhan, Williams & Levy LLP and was appointed special counsel for PureSpectrum's board of directors earlier this year. Conner is a fellow of the Litigation Counsel of America and has been named a Georgia Rising Star twice by Super Lawyers. During his 14 years as a corporate litigator, he has developed a reputation for excellence while serving a diverse group of clients ranging from Fortune 500 corporations to individuals.
ZAAP | Former Pirelli Tire North American CEO Says Time Is Right For Electric Vehicles
OTCBB Penny Stock News
Jul 29, 2008 6:00:00 AM
ROME, GA -- (MARKET WIRE) -- 07/29/08 -- Former Pirelli Tire North America president and CEO Gaetano "Guy" Mannino, after a lifetime of association with the auto industry, is speaking out about electric car technologies and his recent business venture with ZAP (OTCBB: ZAAP).
Mannino's company, Verdek, has agreed to be the distributor for ZAP in the state of Georgia, where Mannino's business is headquartered. However, in an interview this week with www.CEONEWS.tv, Mannino talks about his plans for ZAP in the US and abroad.
"I am working with ZAP to bring the products into Europe," Mannino told CEONEWS.tv. "There is potential for a branch in Italy. In Italy it is getting close to $10 a gallon. The size of the ZAP vehicle is perfect for that market. I think there is a big opportunity." Hear the complete interview at http://www.CEONEWS.tv.
Earlier this month, www.GlobalAtlanta.com, an online news source representing Atlanta's role in the global marketplace, interviewed Guy Mannino and took a test drive in a Xebra city-speed electric car. Link: http://stories.globalatlanta.com/2008stories/016206.html
Mannino issued a statement as a call to action in June for corporate America to stop talking 'green' and start driving 'green.'
"Now is the time for corporate America, as well as Federal, State and local governments, to take action and proclaim our independence from oil and gas," he continues. "Now is the time for electric vehicles that lower fuel costs, as well as combat pollution and global warming."
For more information about Verdek and Verdek-EV, please visit the tri-lingual (English, Spanish and Italian) web sites at www.Verdek.com and www.Verdek-EV.com.
Jul 29, 2008 6:00:00 AM
ROME, GA -- (MARKET WIRE) -- 07/29/08 -- Former Pirelli Tire North America president and CEO Gaetano "Guy" Mannino, after a lifetime of association with the auto industry, is speaking out about electric car technologies and his recent business venture with ZAP (OTCBB: ZAAP).
Mannino's company, Verdek, has agreed to be the distributor for ZAP in the state of Georgia, where Mannino's business is headquartered. However, in an interview this week with www.CEONEWS.tv, Mannino talks about his plans for ZAP in the US and abroad.
"I am working with ZAP to bring the products into Europe," Mannino told CEONEWS.tv. "There is potential for a branch in Italy. In Italy it is getting close to $10 a gallon. The size of the ZAP vehicle is perfect for that market. I think there is a big opportunity." Hear the complete interview at http://www.CEONEWS.tv.
Earlier this month, www.GlobalAtlanta.com, an online news source representing Atlanta's role in the global marketplace, interviewed Guy Mannino and took a test drive in a Xebra city-speed electric car. Link: http://stories.globalatlanta.com/2008stories/016206.html
Mannino issued a statement as a call to action in June for corporate America to stop talking 'green' and start driving 'green.'
"Now is the time for corporate America, as well as Federal, State and local governments, to take action and proclaim our independence from oil and gas," he continues. "Now is the time for electric vehicles that lower fuel costs, as well as combat pollution and global warming."
For more information about Verdek and Verdek-EV, please visit the tri-lingual (English, Spanish and Italian) web sites at www.Verdek.com and www.Verdek-EV.com.
HYII | Hybred International Projects $5 Million In Sales In 2nd or 3rd Year
Penny Stock News From The Pink Sheets
Jul 29, 2008 10:36:00 AM
Copyright Business Wire 2008
HACKENSACK, N.J.--(BUSINESS WIRE)--
Hybred International, Inc. (The Company), (PINK SHEETS: HYII) a manufacturer of a patent-pending therapeutic horseshoe, announced today the national expansion of the company.
Stated Gary Kouletas, Founder and President of Hybred, "Financial projections call for $5 million in sales by the second or third year. The potential is vast, with 9 million horses in the United States and 50 million in the world. To reach their owners, Hybred has a marketing agreement with Thoro'bred Inc., the nation's biggest aluminum horseshoe manufacturer."
Kouletas spent five years designing and perfecting a horse shoe which has succeeded where others of its kind have failed. Essentially, the company has created a binding process that securely adheres a polyurethane inset to the basic metal horseshoe, thus making the shoe more durable and beneficial to the horse.
Hoof injuries are the number one problem in the equine industry, accounting for nearly 90 percent of all potentially serious injuries to horses. The company believes its product to be a cost-effective, practical alternative to traditional equestrian industry shoeing methods.
Jul 29, 2008 10:36:00 AM
Copyright Business Wire 2008
HACKENSACK, N.J.--(BUSINESS WIRE)--
Hybred International, Inc. (The Company), (PINK SHEETS: HYII) a manufacturer of a patent-pending therapeutic horseshoe, announced today the national expansion of the company.
Stated Gary Kouletas, Founder and President of Hybred, "Financial projections call for $5 million in sales by the second or third year. The potential is vast, with 9 million horses in the United States and 50 million in the world. To reach their owners, Hybred has a marketing agreement with Thoro'bred Inc., the nation's biggest aluminum horseshoe manufacturer."
Kouletas spent five years designing and perfecting a horse shoe which has succeeded where others of its kind have failed. Essentially, the company has created a binding process that securely adheres a polyurethane inset to the basic metal horseshoe, thus making the shoe more durable and beneficial to the horse.
Hoof injuries are the number one problem in the equine industry, accounting for nearly 90 percent of all potentially serious injuries to horses. The company believes its product to be a cost-effective, practical alternative to traditional equestrian industry shoeing methods.
MITI | Micromet Inc To Host Conference Call To Discuss 2nd Quarter Results
Penny Stock News
Jul 29, 2008 7:00:00 AM
BETHESDA, Md., July 29 /PRNewswire-FirstCall/ -- Micromet, Inc. (Nasdaq: MITI), a biopharmaceutical company developing novel, proprietary antibodies for the treatment of cancer, inflammation and autoimmune diseases, today announced that it will host a conference call and audio webcast on Thursday, August 7, 2008, at 9:00 am Eastern Time (3:00 pm Central European Time) to discuss its second quarter 2008 financial results. Micromet anticipates releasing its financial results at 7:00 am Eastern Time (1:00 pm Central European Time) on Thursday, August 7, 2008.
To participate in this conference call, dial 866-356-4279 (U.S.) or 617-597-5394 (international), passcode: 19440822. The audio webcast can be accessed at: www.micromet-inc.com in the investor relations section of the website.
A replay of the call will be available from 11:00 am Eastern Time on August 7, 2008 (5:00 pm Central European Time) through Thursday, August 14, 2008. The replay number is 888-286-8010 (U.S.) or 617-801-6888 (international), passcode: 13099911.
Jul 29, 2008 7:00:00 AM
BETHESDA, Md., July 29 /PRNewswire-FirstCall/ -- Micromet, Inc. (Nasdaq: MITI), a biopharmaceutical company developing novel, proprietary antibodies for the treatment of cancer, inflammation and autoimmune diseases, today announced that it will host a conference call and audio webcast on Thursday, August 7, 2008, at 9:00 am Eastern Time (3:00 pm Central European Time) to discuss its second quarter 2008 financial results. Micromet anticipates releasing its financial results at 7:00 am Eastern Time (1:00 pm Central European Time) on Thursday, August 7, 2008.
To participate in this conference call, dial 866-356-4279 (U.S.) or 617-597-5394 (international), passcode: 19440822. The audio webcast can be accessed at: www.micromet-inc.com in the investor relations section of the website.
A replay of the call will be available from 11:00 am Eastern Time on August 7, 2008 (5:00 pm Central European Time) through Thursday, August 14, 2008. The replay number is 888-286-8010 (U.S.) or 617-801-6888 (international), passcode: 13099911.
HISU | Homeland Intergrated Security Systems Expands National Sales Efforts
Penny Stock News From The Pink Sheets
Jul 29, 2008 8:31:00 AM
ARDEN, NC -- (MARKET WIRE) -- 07/29/08 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) is pleased to announce that the Company is in negotiations with new sales representatives from independent firms to market the Cyber Tracker technology to heavy equipment manufacturing and rental companies as well as trucking fleets. The negotiations were arranged through MANAonline's network of sales representatives. MANAonline will assist the company in increasing sales and building business relationships.
The Cyber Tracker technology would aid the heavy equipment and trucking fleets in a variety of ways such as processing data on the performance of the machines and vehicles. Data gained from the Cyber Tracker would give those companies a more accurate indication of the performance of their equipment, the amount of usage by rental clients and employees, location tracking and security. The overall benefit of the Cyber Tracker technology is to save costs and protect assets.
MANAonline's members are comprised of professional sales representatives and managers who have years of experience and thousands of contacts. Homeland will continue to seek out quality sales representatives and leads through MANAonline's database with the goal of increasing revenue and exposure for the Company and its products.
"We recently initiated our agreement with MANAonline and have found its representatives and resources to be aggressive and efficient in their sales efforts. We look forward to closing purchase orders as a result of their efforts. I expect to be making more announcements regarding that progress in the near future," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
Jul 29, 2008 8:31:00 AM
ARDEN, NC -- (MARKET WIRE) -- 07/29/08 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) is pleased to announce that the Company is in negotiations with new sales representatives from independent firms to market the Cyber Tracker technology to heavy equipment manufacturing and rental companies as well as trucking fleets. The negotiations were arranged through MANAonline's network of sales representatives. MANAonline will assist the company in increasing sales and building business relationships.
The Cyber Tracker technology would aid the heavy equipment and trucking fleets in a variety of ways such as processing data on the performance of the machines and vehicles. Data gained from the Cyber Tracker would give those companies a more accurate indication of the performance of their equipment, the amount of usage by rental clients and employees, location tracking and security. The overall benefit of the Cyber Tracker technology is to save costs and protect assets.
MANAonline's members are comprised of professional sales representatives and managers who have years of experience and thousands of contacts. Homeland will continue to seek out quality sales representatives and leads through MANAonline's database with the goal of increasing revenue and exposure for the Company and its products.
"We recently initiated our agreement with MANAonline and have found its representatives and resources to be aggressive and efficient in their sales efforts. We look forward to closing purchase orders as a result of their efforts. I expect to be making more announcements regarding that progress in the near future," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
DGLP | DigitalPost Interactive Launches Online Photo Editor
OTCBB Penny Stock News
"Qwik-Edit" Delivers One-Step Tool for Fast Photo Enhancements
Jul 29, 2008 6:30:00 AM
IRVINE, CA -- (MARKET WIRE) -- 07/29/08 -- DigitalPost Interactive (OTCBB: DGLP) (www.dglp.com), a leader in the digital media-sharing and social networking space, announced today the launch of Qwik-Edit(SM) -- a new, user-friendly photo-editing solution for its re-brandable digital media-sharing platform. This exciting new feature enables even the most novice Internet users to enhance their favorite family photos in one, easy step -- no downloads or special skills required.
To experience DigitalPost Interactive's new photo editor, please visit www.dglp.com/photoeditor.
"We've created a fast, user-friendly tool to immediately enhance photos without the additional steps required by many other solutions," said Robert Grant, VP Technology, DigitalPost Interactive. "If you have a photo on your family website, now you can adjust the photo to your taste without ever going back to the original file or re-posting media. It's a dramatically simple solution that makes it easy to store, share, and enhance the consumer's best photo memories."
Designed to work within DigitalPost Interactive's easy-to-use digital media-sharing platform, the new photo editor contains Crop, Rotate, Tint, Lighting, Auto-Correct, and Red-Eye features along with unique personalization tools for creating custom photo borders. Beginning today, users of TheFamilyPost.com and private-label versions of this compelling family website service can edit any photo posted on their site without the need for additional programs or third-party applications.
"We're extremely proud to add Qwik-Edit to our line of user-friendly features within our digital media-sharing platform," said Michel Sawtell, CEO, DigitalPost Interactive. "We now have an exceptional robust product like no other on the market, giving consumers the ultimate, one-stop destination for showcasing their very best digital memories."
"Qwik-Edit" Delivers One-Step Tool for Fast Photo Enhancements
Jul 29, 2008 6:30:00 AM
IRVINE, CA -- (MARKET WIRE) -- 07/29/08 -- DigitalPost Interactive (OTCBB: DGLP) (www.dglp.com), a leader in the digital media-sharing and social networking space, announced today the launch of Qwik-Edit(SM) -- a new, user-friendly photo-editing solution for its re-brandable digital media-sharing platform. This exciting new feature enables even the most novice Internet users to enhance their favorite family photos in one, easy step -- no downloads or special skills required.
To experience DigitalPost Interactive's new photo editor, please visit www.dglp.com/photoeditor.
"We've created a fast, user-friendly tool to immediately enhance photos without the additional steps required by many other solutions," said Robert Grant, VP Technology, DigitalPost Interactive. "If you have a photo on your family website, now you can adjust the photo to your taste without ever going back to the original file or re-posting media. It's a dramatically simple solution that makes it easy to store, share, and enhance the consumer's best photo memories."
Designed to work within DigitalPost Interactive's easy-to-use digital media-sharing platform, the new photo editor contains Crop, Rotate, Tint, Lighting, Auto-Correct, and Red-Eye features along with unique personalization tools for creating custom photo borders. Beginning today, users of TheFamilyPost.com and private-label versions of this compelling family website service can edit any photo posted on their site without the need for additional programs or third-party applications.
"We're extremely proud to add Qwik-Edit to our line of user-friendly features within our digital media-sharing platform," said Michel Sawtell, CEO, DigitalPost Interactive. "We now have an exceptional robust product like no other on the market, giving consumers the ultimate, one-stop destination for showcasing their very best digital memories."
CVIC | Cavico Corp Announces No Delay In Funds For Hydropower Projects
Penny Stock News
Jul 29, 2008 10:00:00 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 the Vice Prime Minister of Vietnam, Hai Trung Hoang, has instructed state-owned banks and entities to prioritize and restructure funds to avoid any delay or cancellation of electricity-supply construction projects.
Following Announcement No 161/TB-VPCP, Vietnam Government Office called for an urgent meeting with Vietnam Central State Bank, Ministry of Planning and Investment, Department of Finance, Electricity of Vietnam and many other state-owned banks and entities to discuss the inflation concerns and interest rates that affected the funding of electricity supply projects including hydropower projects. As a result of the meeting, Vietnam Vice Prime Minister Hai Trung Hoang instructed state-owned banks and all related parties to not delay funds for hydropower projects.
Mr. Hoang also requested both state-owned and private banks to execute their signed credit lines and issue cash on loans with negotiated interest rates. The Central State Bank will intervene and make a decision in cases where the banks and project owners cannot come to a conclusion on their own. According to Mr. Hoang, banks and project owners should focus on making payments to contractors for construction work certified as completed as of July 1, 2008.
"We are very pleased about the decision and support extended by the Vietnamese government. We have received an announcement from the Deputy Prime Minister's office encouraging us to proceed negotiations with commercial banks to sign credit agreements on the Son La and Huoi Quang projects," commented Mr. Hai Thanh Tran, Vice President of Cavico. "We believe the issues related to funding will soon be resolved and will not cause delay in our process as Cavico is currently constructing critical government hydropower projects," added Mr. Tran.
Jul 29, 2008 10:00:00 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 the Vice Prime Minister of Vietnam, Hai Trung Hoang, has instructed state-owned banks and entities to prioritize and restructure funds to avoid any delay or cancellation of electricity-supply construction projects.
Following Announcement No 161/TB-VPCP, Vietnam Government Office called for an urgent meeting with Vietnam Central State Bank, Ministry of Planning and Investment, Department of Finance, Electricity of Vietnam and many other state-owned banks and entities to discuss the inflation concerns and interest rates that affected the funding of electricity supply projects including hydropower projects. As a result of the meeting, Vietnam Vice Prime Minister Hai Trung Hoang instructed state-owned banks and all related parties to not delay funds for hydropower projects.
Mr. Hoang also requested both state-owned and private banks to execute their signed credit lines and issue cash on loans with negotiated interest rates. The Central State Bank will intervene and make a decision in cases where the banks and project owners cannot come to a conclusion on their own. According to Mr. Hoang, banks and project owners should focus on making payments to contractors for construction work certified as completed as of July 1, 2008.
"We are very pleased about the decision and support extended by the Vietnamese government. We have received an announcement from the Deputy Prime Minister's office encouraging us to proceed negotiations with commercial banks to sign credit agreements on the Son La and Huoi Quang projects," commented Mr. Hai Thanh Tran, Vice President of Cavico. "We believe the issues related to funding will soon be resolved and will not cause delay in our process as Cavico is currently constructing critical government hydropower projects," added Mr. Tran.
WSCE | Wescorp Energy Completes Lease Agreement For Up To 256 Water Remediation Units
Penny Stock News From Around The OTCBB
Up to 256 water remediation units to be phased-in over the next 60 months
Jul 29, 2008 8:51:00 AM
HOUSTON, TEXAS and CALGARY, ALBERTA--(Marketwire - July 29, 2008) - Wescorp Energy Inc. (OTCBB:WSCE), an oil and gas technology solutions provider, is pleased to announce that Total Fluid Solutions Inc. (TFS), its wholly-owned subsidiary, has signed a master lease agreement with an oil and gas company with operations in Texas, Kansas and Wyoming, headquartered in Texas, to use TFS's safe, effective and economical process for cleaning and separating oil from produced water. Under the terms of the contract, Wescorp Energy will construct, deploy and operate up to 256 water remediation units and provide trained technicians qualified to operate and service the equipment. Construction and deployment of these units is scheduled to be phased-in over the next 60 months. Wescorp technicians are currently assessing the geographic field locations, the hydrocarbon contamination level of the produced water, and the volume of fluid being produced on a daily basis in each region. This is to be able to deliver energy efficient remediation units calibrated to remove the highest percent of hydrocarbon based on contamination and volume capacity metrics. Upon completion of the assessment, construction of the first unit will begin. Wescorp expects to have the first commercial unit in full field operation before the end of the year. The water remediation units will use proprietary and patented microscopic aeration technology to reduce the oil content in the produced water to less than 0.0050% (50 parts per million - ppm), or whatever specification that is mutually agreed to prior to deployment of each unit. This technology can provide significant economic and environmental impact on virtually all oil and gas operating fields.
Each water remediation unit will be leased to the customer for an initial one year term on a daily rental fee. The customer has agreed to pay the entire first year's rental amount for the first unit upon commencement of construction of that unit. If the customer terminates the lease for the first or any subsequent unit in the first year of that lease, it will pay a lease termination fee equal to the rental fees for the remainder of the first year. The lease rates for this contract will provide Wescorp with a full return of capital expenses and each unit will provide positive cash flow in less than 12 months. Under the terms of this contract, there are 5 standard through-put or volume capacity designs for the water remediation units being 200, 500, 1,000, 2,000 and 5,000 barrels per day (BBLS/day). The daily lease rate is determined by the through-put capacity of each particular unit, with rates ranging from $900 to $2500 per day.
"This order for up to 256 of our patented water remediation units is monumental for Wescorp," commented Mark Norris, Chairman of Wescorp Energy and former Minister of Economic Development in the Alberta Provincial Government on the completing of the lease contract. "The anticipated reoccurring revenue from these units is expected to allow the company to grow by quantum leaps. This technology has been designed and constructed to operate in oil and gas fields for the life of the producing wells - often as long as 15 or 20 years. We believe that this large initial order, primarily based on results from our 2,000 barrel-per-day commercial test unit, will lead to strong product acceptance by the industry. By reducing the amount of hydrocarbon in the produced water, this technology reduces environmental liabilities, the frequency of service and repairs on disposal and injection wells, and recovers additional hydrocarbons. Environmentally conscious companies are winning by reducing operation costs and increasing operating margins."
"Most operators in the oil and gas industry are increasing their investments in new technologies to help with the water crisis they are currently facing," commented Doug Biles, President and CEO of Wescorp. "Wescorp has the technology to provide solutions that provide positive environmental impact as well as strong economic advantages. This is a great day for Wescorp - our dedication and persistence to provide technology-based operating solutions to the conventional and unconventional oil and gas producers has paid off. Wescorp is becoming a leader in water remediation and water management for oil and gas operators. When the industry uses the Total Fluid Solution to remediate water, the environment reaps rewards and the oil company saves money."
Up to 256 water remediation units to be phased-in over the next 60 months
Jul 29, 2008 8:51:00 AM
HOUSTON, TEXAS and CALGARY, ALBERTA--(Marketwire - July 29, 2008) - Wescorp Energy Inc. (OTCBB:WSCE), an oil and gas technology solutions provider, is pleased to announce that Total Fluid Solutions Inc. (TFS), its wholly-owned subsidiary, has signed a master lease agreement with an oil and gas company with operations in Texas, Kansas and Wyoming, headquartered in Texas, to use TFS's safe, effective and economical process for cleaning and separating oil from produced water. Under the terms of the contract, Wescorp Energy will construct, deploy and operate up to 256 water remediation units and provide trained technicians qualified to operate and service the equipment. Construction and deployment of these units is scheduled to be phased-in over the next 60 months. Wescorp technicians are currently assessing the geographic field locations, the hydrocarbon contamination level of the produced water, and the volume of fluid being produced on a daily basis in each region. This is to be able to deliver energy efficient remediation units calibrated to remove the highest percent of hydrocarbon based on contamination and volume capacity metrics. Upon completion of the assessment, construction of the first unit will begin. Wescorp expects to have the first commercial unit in full field operation before the end of the year. The water remediation units will use proprietary and patented microscopic aeration technology to reduce the oil content in the produced water to less than 0.0050% (50 parts per million - ppm), or whatever specification that is mutually agreed to prior to deployment of each unit. This technology can provide significant economic and environmental impact on virtually all oil and gas operating fields.
Each water remediation unit will be leased to the customer for an initial one year term on a daily rental fee. The customer has agreed to pay the entire first year's rental amount for the first unit upon commencement of construction of that unit. If the customer terminates the lease for the first or any subsequent unit in the first year of that lease, it will pay a lease termination fee equal to the rental fees for the remainder of the first year. The lease rates for this contract will provide Wescorp with a full return of capital expenses and each unit will provide positive cash flow in less than 12 months. Under the terms of this contract, there are 5 standard through-put or volume capacity designs for the water remediation units being 200, 500, 1,000, 2,000 and 5,000 barrels per day (BBLS/day). The daily lease rate is determined by the through-put capacity of each particular unit, with rates ranging from $900 to $2500 per day.
"This order for up to 256 of our patented water remediation units is monumental for Wescorp," commented Mark Norris, Chairman of Wescorp Energy and former Minister of Economic Development in the Alberta Provincial Government on the completing of the lease contract. "The anticipated reoccurring revenue from these units is expected to allow the company to grow by quantum leaps. This technology has been designed and constructed to operate in oil and gas fields for the life of the producing wells - often as long as 15 or 20 years. We believe that this large initial order, primarily based on results from our 2,000 barrel-per-day commercial test unit, will lead to strong product acceptance by the industry. By reducing the amount of hydrocarbon in the produced water, this technology reduces environmental liabilities, the frequency of service and repairs on disposal and injection wells, and recovers additional hydrocarbons. Environmentally conscious companies are winning by reducing operation costs and increasing operating margins."
"Most operators in the oil and gas industry are increasing their investments in new technologies to help with the water crisis they are currently facing," commented Doug Biles, President and CEO of Wescorp. "Wescorp has the technology to provide solutions that provide positive environmental impact as well as strong economic advantages. This is a great day for Wescorp - our dedication and persistence to provide technology-based operating solutions to the conventional and unconventional oil and gas producers has paid off. Wescorp is becoming a leader in water remediation and water management for oil and gas operators. When the industry uses the Total Fluid Solution to remediate water, the environment reaps rewards and the oil company saves money."
UOMO | UOMO Media Announces Shareholder Update Number Two
Penny Stock News Update
Jul 29, 2008 6:04:00 AM
Copyright Business Wire 2008
TORONTO--(BUSINESS WIRE)--
UOMO Media Inc. (OTCBB: UOMO), a multi-channel media and entertainment company, is pleased to provide the following update to its shareholders.
Over the past few weeks, the company has progressed well with its strategy of acquiring and developing entertainment related intellectual property assets, integrating multiple revenue streams that have been separated under traditional models.
This has been a particularly exciting period for UOMO's fully owned visual media production company, The NE Inc. On June 16th, the Company announced that The NE Inc. had won two major awards at Canada's most prestigious music video award ceremony, the MuchMusic Video Awards (MMVAs), including one for Best Rap Video. Soon after, on July 7th, the Company announced that The NE was in the production phase for music videos for six different artists. In addition, on July 21st, the Company announced that a feature film by one of The NE's in-house directors, Charles Officer, would premier at the highly prestigious Toronto International Film Festival, widely regarded as one the top film festivals in the world.
UOMO's writers and producers continue to be in strong demand across the globe and in a range of markets. In June, Tricky Stewart and Redzone, who have an exclusive international management contract with UOMO, had a duet "Power's Out" featuring Nicole Scherzinger and Sting chosen as the music for Revlon's advertising campaign featuring actress Jessica Alba. In July, UOMO announced that Tricky Stewart and Redzone Entertainment have written and produced two songs for Lindsay Lohan's soon to be released album "Spirit in the Dark". Also in July, UOMO announced that Tricky Stewart was co-executive producer with Ciara on her third album, "Fantasy Ride." Stewart produced and wrote the first single "High Price," featuring Ludacris.
In the vibrant Asia/Pacific market, UOMO's Random Music wrote "Last Angel" for the newest hit album by Kumi Koda. The album entitled "Kingdom" by the Japanese pop star has been number one in Japan and on the United World Charts and has sold over 1,200,000 copies to date.
Mr. Camara Alford, Chairman and CEO of UOMO Media commented, "I am happy to report to shareholders that we continue to gain momentum. We are working with exceptional artists, producers and directors in both established and emerging markets, exploring niches, developing exciting revenue streams and monetizing entertainment-related intellectual property."
Jul 29, 2008 6:04:00 AM
Copyright Business Wire 2008
TORONTO--(BUSINESS WIRE)--
UOMO Media Inc. (OTCBB: UOMO), a multi-channel media and entertainment company, is pleased to provide the following update to its shareholders.
Over the past few weeks, the company has progressed well with its strategy of acquiring and developing entertainment related intellectual property assets, integrating multiple revenue streams that have been separated under traditional models.
This has been a particularly exciting period for UOMO's fully owned visual media production company, The NE Inc. On June 16th, the Company announced that The NE Inc. had won two major awards at Canada's most prestigious music video award ceremony, the MuchMusic Video Awards (MMVAs), including one for Best Rap Video. Soon after, on July 7th, the Company announced that The NE was in the production phase for music videos for six different artists. In addition, on July 21st, the Company announced that a feature film by one of The NE's in-house directors, Charles Officer, would premier at the highly prestigious Toronto International Film Festival, widely regarded as one the top film festivals in the world.
UOMO's writers and producers continue to be in strong demand across the globe and in a range of markets. In June, Tricky Stewart and Redzone, who have an exclusive international management contract with UOMO, had a duet "Power's Out" featuring Nicole Scherzinger and Sting chosen as the music for Revlon's advertising campaign featuring actress Jessica Alba. In July, UOMO announced that Tricky Stewart and Redzone Entertainment have written and produced two songs for Lindsay Lohan's soon to be released album "Spirit in the Dark". Also in July, UOMO announced that Tricky Stewart was co-executive producer with Ciara on her third album, "Fantasy Ride." Stewart produced and wrote the first single "High Price," featuring Ludacris.
In the vibrant Asia/Pacific market, UOMO's Random Music wrote "Last Angel" for the newest hit album by Kumi Koda. The album entitled "Kingdom" by the Japanese pop star has been number one in Japan and on the United World Charts and has sold over 1,200,000 copies to date.
Mr. Camara Alford, Chairman and CEO of UOMO Media commented, "I am happy to report to shareholders that we continue to gain momentum. We are working with exceptional artists, producers and directors in both established and emerging markets, exploring niches, developing exciting revenue streams and monetizing entertainment-related intellectual property."
TOFS | 247MGI Announces That It Is Going Green
Pink Sheets Penny Stocks News
Jul 29, 2008 7:00:00 AM
Copyright Business Wire 2008
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") is going Green by way of acquiring a company that is focusing on measures to help monitor and reduce energy costs. Most companies today are trying to create a new technology or alternative energy, this company is designed to moderate and reduce existing energy consumption for homes and vehicles in the following ways:
Green technology for homes: 99% of all homes have 40-year-old electrical technology, manual control of all lights & appliances and single point temperature controls. Homes do not offer feedback or computer tracking of utilities consumed. Automobile technology has made leaps and bounds in technology improvements compared to homes:
Jul 29, 2008 7:00:00 AM
Copyright Business Wire 2008
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") is going Green by way of acquiring a company that is focusing on measures to help monitor and reduce energy costs. Most companies today are trying to create a new technology or alternative energy, this company is designed to moderate and reduce existing energy consumption for homes and vehicles in the following ways:
Green technology for homes: 99% of all homes have 40-year-old electrical technology, manual control of all lights & appliances and single point temperature controls. Homes do not offer feedback or computer tracking of utilities consumed. Automobile technology has made leaps and bounds in technology improvements compared to homes:
TNXI | Telanetix, Inc. Adds SAVVIS As Telepresence Client
Penny Stock News
SAVVIS to utilize Telanetix for Intercontinental Connection -
Jul 29, 2008 7:00:00 AM
BELLEVUE, Wash., July 29 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB: TNXI), a leading IP solutions provider offering telepresence and VoIP services to business markets, today announced an agreement to supply leading IT infrastructure provider, SAVVIS, with its Digital Presence telepresence platform. SAVVIS, with an annual revenue of approximately $800 million, maintains its IT Platform across North America, Europe, and Asia, with particular focus on the financial services industry.
The agreement is SAVVIS' first installation of Digital Presence, connecting SAVVIS' St. Louis headquarters to its London location. Telanetix launched its UK distribution in early 2008. SAVVIS has designed with Telanetix the high bandwidth network services required to obtain the full value of the Telanetix Telepresence system.
"We've been very impressed with the feature set that Digital Presence has offered our company," said Ron Dobes, SAVVIS Vice President and General Manager of Network Products and Services. "By working with Telanetix, we've created an environment where our teams in St. Louis will be able to work more seamlessly with our London team, using our familiar everyday tools and workflow. This not only leads to increased productivity, but also a decrease in monies otherwise spent coordinating those efforts beforehand."
"SAVVIS' selection of Digital Presence is another example of the enterprise business segment deploying our technology," noted Doug Johnson, President and CEO of Telanetix. "A multisite enterprise such as SAVVIS clearly depends on the interoffice productivity that our telepresence offering can provide. The SAVVIS decision represents another validation of the value of our solution in this growing portion of the business communications marketplace."
SAVVIS to utilize Telanetix for Intercontinental Connection -
Jul 29, 2008 7:00:00 AM
BELLEVUE, Wash., July 29 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB: TNXI), a leading IP solutions provider offering telepresence and VoIP services to business markets, today announced an agreement to supply leading IT infrastructure provider, SAVVIS, with its Digital Presence telepresence platform. SAVVIS, with an annual revenue of approximately $800 million, maintains its IT Platform across North America, Europe, and Asia, with particular focus on the financial services industry.
The agreement is SAVVIS' first installation of Digital Presence, connecting SAVVIS' St. Louis headquarters to its London location. Telanetix launched its UK distribution in early 2008. SAVVIS has designed with Telanetix the high bandwidth network services required to obtain the full value of the Telanetix Telepresence system.
"We've been very impressed with the feature set that Digital Presence has offered our company," said Ron Dobes, SAVVIS Vice President and General Manager of Network Products and Services. "By working with Telanetix, we've created an environment where our teams in St. Louis will be able to work more seamlessly with our London team, using our familiar everyday tools and workflow. This not only leads to increased productivity, but also a decrease in monies otherwise spent coordinating those efforts beforehand."
"SAVVIS' selection of Digital Presence is another example of the enterprise business segment deploying our technology," noted Doug Johnson, President and CEO of Telanetix. "A multisite enterprise such as SAVVIS clearly depends on the interoffice productivity that our telepresence offering can provide. The SAVVIS decision represents another validation of the value of our solution in this growing portion of the business communications marketplace."
SPKL | Spicy Pickle Releases New Investor Fact Sheet
Penny Stock News From The OTC
New Communication Tool Gives Investors a Quick, Easy Way to Learn More About Spicy Pickle(TM)
Jul 29, 2008 9:25:00 AM
DENVER, CO -- (MARKET WIRE) -- 07/29/08 -- Spicy Pickle Franchising, Inc. (OTCBB: SPKL) fast-casual restaurants announced today that it has created an investor Fact Sheet, detailing the nature of the Company's business, its dramatic expansion and prospects for growth.
To view and download the Fact Sheet go to www.spicypickle.com/pdfs/sp_factsheet.pdf.
Marc Geman, CEO of Spicy Pickle Franchising, Inc., commented: "The Fact Sheet was developed as a communication tool to provide important information to investors. The Fact Sheet will be updated as we open new stores, acquire new franchisees and report our quarterly financial results. Our goal is to keep investors fully informed and up to date on our Company's progress."
New Communication Tool Gives Investors a Quick, Easy Way to Learn More About Spicy Pickle(TM)
Jul 29, 2008 9:25:00 AM
DENVER, CO -- (MARKET WIRE) -- 07/29/08 -- Spicy Pickle Franchising, Inc. (OTCBB: SPKL) fast-casual restaurants announced today that it has created an investor Fact Sheet, detailing the nature of the Company's business, its dramatic expansion and prospects for growth.
To view and download the Fact Sheet go to www.spicypickle.com/pdfs/sp_factsheet.pdf.
Marc Geman, CEO of Spicy Pickle Franchising, Inc., commented: "The Fact Sheet was developed as a communication tool to provide important information to investors. The Fact Sheet will be updated as we open new stores, acquire new franchisees and report our quarterly financial results. Our goal is to keep investors fully informed and up to date on our Company's progress."
IVOI | iVoice Releases DVD Of Talking Consumer Products
Penny Stock News From The OTC
iVoice's recently issued Patent, "Methodology for Talking Consumer Products with Voice Instructions via Wireless Technology" is Available for Viewing
Jul 29, 2008 6:50:00 AM
Copyright Business Wire 2008
MATAWAN, N.J.--(BUSINESS WIRE)--
iVoice, Inc. (OTC Bulletin Board: IVOI) announced today that it has released a DVD (iVoice SpeechPak) of its recently issued patent for Talking Consumer Products. This invention is covered by U.S. Patent Number 7,305,344 and by iVoice and is available for purchase or license. To take a look at how it works, visit www.ivoice.com and click on the iVoice SpeechPak to play the DVD.
This invention enables users of new products to activate the speaking package of a new product, so there is no need to read instructions. The consumer will have hands free to perform whatever action is required, and can do so in a natural, continuous manner. For example, it provides for hands free, eyes free, instructions while assembling or operating new products, such as bicycles, furniture, cell phones, food packaging, camera or other products.
iVoice's recently issued Patent, "Methodology for Talking Consumer Products with Voice Instructions via Wireless Technology" is Available for Viewing
Jul 29, 2008 6:50:00 AM
Copyright Business Wire 2008
MATAWAN, N.J.--(BUSINESS WIRE)--
iVoice, Inc. (OTC Bulletin Board: IVOI) announced today that it has released a DVD (iVoice SpeechPak) of its recently issued patent for Talking Consumer Products. This invention is covered by U.S. Patent Number 7,305,344 and by iVoice and is available for purchase or license. To take a look at how it works, visit www.ivoice.com and click on the iVoice SpeechPak to play the DVD.
This invention enables users of new products to activate the speaking package of a new product, so there is no need to read instructions. The consumer will have hands free to perform whatever action is required, and can do so in a natural, continuous manner. For example, it provides for hands free, eyes free, instructions while assembling or operating new products, such as bicycles, furniture, cell phones, food packaging, camera or other products.
ERUC | ER Urgent Care Centers To Begin Direct Mail And Cable TV Campaign
Penny Stock News RoundUp
Jul 29, 2008 9:00:00 AM
MIAMI, FL -- (MARKET WIRE) -- 07/29/08 -- ER Urgent Care Centers (PINKSHEETS: ERUC) -- ERUC Board has announced a major advertising blitz for the coming school year. Direct mail, cable TV and strategically placed banners will be the featured media. The back to school season is a prime event for ERUC with school physicals, sport physicals and vaccinations as the main attraction to the centers themselves. The secondary market is even larger with community awareness of the centers and their availability for the entire family. Each year ERUC has had significant increases in traffic during the back to school season. This will then lead up to the Flu season and the winter season with its dramatic increases in population for the Florida markets. ERUC President Mark Solomon said, "We are very excited for the plans in place for this season's aggressive ad campaign. ERUC is focused on this year's goal to increase traffic to its centers by at least 40%."
Jul 29, 2008 9:00:00 AM
MIAMI, FL -- (MARKET WIRE) -- 07/29/08 -- ER Urgent Care Centers (PINKSHEETS: ERUC) -- ERUC Board has announced a major advertising blitz for the coming school year. Direct mail, cable TV and strategically placed banners will be the featured media. The back to school season is a prime event for ERUC with school physicals, sport physicals and vaccinations as the main attraction to the centers themselves. The secondary market is even larger with community awareness of the centers and their availability for the entire family. Each year ERUC has had significant increases in traffic during the back to school season. This will then lead up to the Flu season and the winter season with its dramatic increases in population for the Florida markets. ERUC President Mark Solomon said, "We are very excited for the plans in place for this season's aggressive ad campaign. ERUC is focused on this year's goal to increase traffic to its centers by at least 40%."
AQUA | GreenCore Technology Sells Air Conditioners To The Navy
Pinksheets Penny Stock News
Naval Research Laboratories to Install GreenCore Solar Air Conditioners at Remote Lab Site
Jul 29, 2008 12:54:00 PM
RANCHO CUCAMONGA, CA -- (MARKET WIRE) -- 07/29/08 -- GreenCore Technology, Inc., formerly AquaCell Technologies, Inc. (PINKSHEETS: AQUA), announced today that it has received an order from the United States Navy for its solar powered air conditioners, which will be installed in a remote laboratory site operated by the Naval Research Laboratories ("NRL"). The order also includes the sale of ten GreenCore-specified 170 Watt/35 volt photovoltaic solar panels, along with peripheral solar related equipment.
The NRL's requirement was for uninterrupted air conditioning 24 hours per day, 365 days a year in an area with unreliable power, including no electric power during certain times of the year. The GreenCore air conditioners will operate completely grid-free for the majority of the year, and during certain seasons, will operate in hybrid mode.
"To be involved with the US Navy on this project has been very exciting for us, as it is critical for their operations that the air conditioning is always functioning with or without a traditional power supply," said James C. Witham, GreenCore's Chief Executive Officer. "We worked closely with the technical staff at the Naval Research Laboratories to design the most efficient system once they determined that our GreenCore 10200 solar powered air conditioner was the only product that could meet their needs."
The GreenCore solar powered air conditioner combines the most efficient photovoltaic technology with DC (direct current) engineered air conditioning innovation to provide climate control that does not contribute to greenhouse gas emissions and global warming. The system has been designed to efficiently operate completely grid-free, or as a hybrid air conditioning unit, automatically switching from solar to battery power. In hybrid mode, if the sun is not available to charge the batteries through the solar panels, the GreenCore system will automatically switch to allow the batteries to be charged by AC power (alternating current).
Naval Research Laboratories to Install GreenCore Solar Air Conditioners at Remote Lab Site
Jul 29, 2008 12:54:00 PM
RANCHO CUCAMONGA, CA -- (MARKET WIRE) -- 07/29/08 -- GreenCore Technology, Inc., formerly AquaCell Technologies, Inc. (PINKSHEETS: AQUA), announced today that it has received an order from the United States Navy for its solar powered air conditioners, which will be installed in a remote laboratory site operated by the Naval Research Laboratories ("NRL"). The order also includes the sale of ten GreenCore-specified 170 Watt/35 volt photovoltaic solar panels, along with peripheral solar related equipment.
The NRL's requirement was for uninterrupted air conditioning 24 hours per day, 365 days a year in an area with unreliable power, including no electric power during certain times of the year. The GreenCore air conditioners will operate completely grid-free for the majority of the year, and during certain seasons, will operate in hybrid mode.
"To be involved with the US Navy on this project has been very exciting for us, as it is critical for their operations that the air conditioning is always functioning with or without a traditional power supply," said James C. Witham, GreenCore's Chief Executive Officer. "We worked closely with the technical staff at the Naval Research Laboratories to design the most efficient system once they determined that our GreenCore 10200 solar powered air conditioner was the only product that could meet their needs."
The GreenCore solar powered air conditioner combines the most efficient photovoltaic technology with DC (direct current) engineered air conditioning innovation to provide climate control that does not contribute to greenhouse gas emissions and global warming. The system has been designed to efficiently operate completely grid-free, or as a hybrid air conditioning unit, automatically switching from solar to battery power. In hybrid mode, if the sun is not available to charge the batteries through the solar panels, the GreenCore system will automatically switch to allow the batteries to be charged by AC power (alternating current).
AIDO | Advanced ID Corp Acquires 20% Interest In RFID Company
OTCBB Penny Stock News
Jul 29, 2008 9:02:00 AM
Copyright Business Wire 2008
CALGARY, Alberta--(BUSINESS WIRE)--
Advanced ID Corporation (OTCBB: AIDO), a leading developer of radio frequency identification ("RFID") technology for livestock tracking, pet recovery and supply chain applications focusing on the tire management industry, today announced that its has partnered with its largest distributor in Brazil to establish Advanced ID, Brazil, Ltd. ("AIDO BR"). As part of Advanced ID's expansion into Brazil, it has acquired a 20% interest in AIDO BR.
Brazil has become the center of a booming South American economy and is one of the fastest growing markets in the world for RFID as the technology continues to revolutionize the supply chain industry. Demand for Advanced ID's products and solutions are increasing dramatically in tire management, pharmaceutical, document control and other asset management and asset tracking applications.
"It is clear that both Advanced ID and its important customers will benefit from a local presence in Brazil with in-country management and a focused mission to bring our proprietary RFID solutions to market," said Dan Finch, President of Advanced ID. "We have already begun supporting AIDO BR with the provision of critical system integration capabilities, customer service, local product stocking, software solutions and our leading suite of RFID tire products.
"With Latin America being one of the largest global tire markets and because every major tire manufacturer is involved in Brazil, it is important to our global growth strategy that we maintain direct sales and service links in the country. We are establishing relationships around the world to prepare for more effective global marketing initiatives. The establishment of AIDO BR enables us to improve our global presence with sales and service centers located in Brazil as well as China, England, Malaysia, Portugal, Thailand, and the United States. In the near future, we intend to commence similar operations in all other tire manufacturing centers around the world."
According to Fabio Pinto, the managing executive of AIDO BR, "We are excited to strengthen our capabilities for the penetration of the RFID market in Brazil and other fast growing regional markets through the establishment of AIDO BR. In cooperation with Advanced ID, we are providing products and local support for the tire management, pharmaceutical, supply chain and vehicle tracking industries. Advanced ID has maintained a presence in Brazil with its livestock products representing the first UHF RFID tags used in the country. Given our experience in RFID and with Advanced ID's impressive technology, we believe AIDO BR is the best conduit to further influence the market as we are seeing an increasing demand for RFID solutions."
Jul 29, 2008 9:02:00 AM
Copyright Business Wire 2008
CALGARY, Alberta--(BUSINESS WIRE)--
Advanced ID Corporation (OTCBB: AIDO), a leading developer of radio frequency identification ("RFID") technology for livestock tracking, pet recovery and supply chain applications focusing on the tire management industry, today announced that its has partnered with its largest distributor in Brazil to establish Advanced ID, Brazil, Ltd. ("AIDO BR"). As part of Advanced ID's expansion into Brazil, it has acquired a 20% interest in AIDO BR.
Brazil has become the center of a booming South American economy and is one of the fastest growing markets in the world for RFID as the technology continues to revolutionize the supply chain industry. Demand for Advanced ID's products and solutions are increasing dramatically in tire management, pharmaceutical, document control and other asset management and asset tracking applications.
"It is clear that both Advanced ID and its important customers will benefit from a local presence in Brazil with in-country management and a focused mission to bring our proprietary RFID solutions to market," said Dan Finch, President of Advanced ID. "We have already begun supporting AIDO BR with the provision of critical system integration capabilities, customer service, local product stocking, software solutions and our leading suite of RFID tire products.
"With Latin America being one of the largest global tire markets and because every major tire manufacturer is involved in Brazil, it is important to our global growth strategy that we maintain direct sales and service links in the country. We are establishing relationships around the world to prepare for more effective global marketing initiatives. The establishment of AIDO BR enables us to improve our global presence with sales and service centers located in Brazil as well as China, England, Malaysia, Portugal, Thailand, and the United States. In the near future, we intend to commence similar operations in all other tire manufacturing centers around the world."
According to Fabio Pinto, the managing executive of AIDO BR, "We are excited to strengthen our capabilities for the penetration of the RFID market in Brazil and other fast growing regional markets through the establishment of AIDO BR. In cooperation with Advanced ID, we are providing products and local support for the tire management, pharmaceutical, supply chain and vehicle tracking industries. Advanced ID has maintained a presence in Brazil with its livestock products representing the first UHF RFID tags used in the country. Given our experience in RFID and with Advanced ID's impressive technology, we believe AIDO BR is the best conduit to further influence the market as we are seeing an increasing demand for RFID solutions."
ADXS | Advaxis Receives Comments From FDA About Lovaxin C
1000 Penny Stocks News RoundUp
Response to the Company's IND for Its Lead Drug Candidate, Lovaxin C, For the Treatment of Cervical Intraepithelial Neoplasia
Jul 29, 2008 8:30:00 AM
Copyright Business Wire 2008
NORTH BRUNSWICK, N.J.--(BUSINESS WIRE)--
Advaxis Inc., (OTCBB: ADXS), a developmental biotechnology company, received comments from the U. S. Food & Drug Administration (the "FDA") regarding its Investigational New Drug ("IND") application for Lovaxin C, the Company's lead drug candidate, which was filed with a proposed Phase II study for the treatment of Cervical Intraepithelial Neoplasia ("CIN").
The FDA's first written response letter, received last week, addressed preclinical, manufacturing, microbiologic, immunologic and clinical questions concerning Lovaxin C and its therapeutic use in CIN and cervical cancer caused by the sexually transmitted human papilloma virus ("HPV"). The FDA also requested additional justification for the first proposed Phase II study in this indication and the potential risks and benefits of the proposed therapy relative to the current surgical standard therapy.
"We will respond to these requests in short order," commented Advaxis Chairman & CEO Thomas Moore. "In the interim, the proposed Phase II study is on clinical hold as we work closely with the FDA to address their concerns."
A recently completed Phase I trial of Lovaxin C addressed advanced, recurrent cervical cancer with distant metastases among patients who had failed prior therapy. This trial of 15 patients administered multiple doses of Lovaxin C to patients with advanced disease. Advaxis plans to conduct additional work with Lovaxin C in cervical cancer treatment in collaboration with the National Cancer Institute (the "NCI") beginning in early 2009.
Response to the Company's IND for Its Lead Drug Candidate, Lovaxin C, For the Treatment of Cervical Intraepithelial Neoplasia
Jul 29, 2008 8:30:00 AM
Copyright Business Wire 2008
NORTH BRUNSWICK, N.J.--(BUSINESS WIRE)--
Advaxis Inc., (OTCBB: ADXS), a developmental biotechnology company, received comments from the U. S. Food & Drug Administration (the "FDA") regarding its Investigational New Drug ("IND") application for Lovaxin C, the Company's lead drug candidate, which was filed with a proposed Phase II study for the treatment of Cervical Intraepithelial Neoplasia ("CIN").
The FDA's first written response letter, received last week, addressed preclinical, manufacturing, microbiologic, immunologic and clinical questions concerning Lovaxin C and its therapeutic use in CIN and cervical cancer caused by the sexually transmitted human papilloma virus ("HPV"). The FDA also requested additional justification for the first proposed Phase II study in this indication and the potential risks and benefits of the proposed therapy relative to the current surgical standard therapy.
"We will respond to these requests in short order," commented Advaxis Chairman & CEO Thomas Moore. "In the interim, the proposed Phase II study is on clinical hold as we work closely with the FDA to address their concerns."
A recently completed Phase I trial of Lovaxin C addressed advanced, recurrent cervical cancer with distant metastases among patients who had failed prior therapy. This trial of 15 patients administered multiple doses of Lovaxin C to patients with advanced disease. Advaxis plans to conduct additional work with Lovaxin C in cervical cancer treatment in collaboration with the National Cancer Institute (the "NCI") beginning in early 2009.
FFGO | Fortress Financial Group Responds To Hard Ball PR Issued By Hunt Gold Corp
Penny Stock News
Company Confirms It Is Taking a Stand on the Company's Investments in Hunt Gold Corporation
Jul 29, 2008 2:13:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 07/29/08 -- Fortress financial Group, Inc. (PINKSHEETS: FFGO) notes that Hunt Gold Corporation has issued a Press Release today which states that Fortress Financial Group, Inc. is playing "hard ball" with them and that they are very likely subject to a takeover bid.
Alan Santini, the CEO of the Company, confirms that "the other good news for our stockholders is that the Company has managed today to repurchase a substantial amount of stock in the market, based on the current price weakness." Full details of these repurchases will be announced in the morning.
Alan Santini can now confirm that he has served notice upon the Board of Directors of Hunt Gold Corporation; as well as the representatives of certain Investment Groups as follows:
1. Hunt Gold Corporation announced that certain Investment Groups had obtained voting rights over 51% of the Company's outstanding stock. They did not, however, acquire the actual stock, just the voting rights.
2. These Investment Groups believed an immediate solution was to resolve the huge difference in the trading price of Hunt Gold Corporation's stock and its NAV per share was to dispose of the Company's interests in "American Molygold" and to utilize an amount of US$10,000,000 of these proceeds to effect a stock repurchase.
3. These Investment Groups failed to factor into account that Fortress Financial Group, Inc. held an amount of circa 483 million shares which are now eligible to have their restrictive legend removed and become "free trading," effectively doubling the "free float."
4. These Investment Groups have been attempting to "low ball" us attempts to purchase our Investment in Hunt Gold Corporation, a situation that we will not tolerate.
5. We have now elected to play "hard ball" with these Investments Groups and refused to accept a price of less than an amount of 2 cents (US$0.02) per share for their shares of this Company's stock. This effectively kills the planned stock buyback in the amount of US$10 million of Hunt Gold Corporation's shares of Common Stock as planned by these Investment Groups. This amount will no longer be sufficient with Fortress Financial Group, Inc.'s stockholding of "free trading" stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation's shares of Common Stock.
6. We have stated very clearly that we are seriously contemplating further purchases of Hunt Gold Corporation's stock, at what we view as "bargain basement prices" in the market, thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation. We have made it extremely clear that we will refuse to sell these additional shares of their stock, purchased in the market; at price of less than 2 cents (US$0.02) per share.
7. The CEO of Fortress Financial Group, Alan Santini, currently serves as Company Secretary to Hunt Gold Corporation. He has tendered his resignation as Company Secretary with immediate effect, citing conflicts of interest.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented that he was "quite happy to put Hunt Gold Corporation in play to ensure that the best price could be obtained for this Company and that all serious bidders for Hunt Gold Corporation would serve our Company's interests as well those Fortress Financial Group, Inc. stockholders who received stock in Hunt Gold Corporation as a Stock Dividend." Alan Santini added that "Hunt Gold Corporation chooses to see our actions as militant. I see it very differently. I call it maximizing stockholder value for our Company, our stockholders and for Hunt Gold Corporation stockholders."
Alan Santini is very happy to go on record with this statement to Hunt Gold Corporation that he "will not rest until stockholder value in that Company is maximized and if means a Takeover battle, then so be it. Stockholder interests come ahead of these self serving Investment Groups who have not purchased stock to obtain voting control but simply made promises to obtain this voting power; which I now doubt that they can meet."
Company Confirms It Is Taking a Stand on the Company's Investments in Hunt Gold Corporation
Jul 29, 2008 2:13:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 07/29/08 -- Fortress financial Group, Inc. (PINKSHEETS: FFGO) notes that Hunt Gold Corporation has issued a Press Release today which states that Fortress Financial Group, Inc. is playing "hard ball" with them and that they are very likely subject to a takeover bid.
Alan Santini, the CEO of the Company, confirms that "the other good news for our stockholders is that the Company has managed today to repurchase a substantial amount of stock in the market, based on the current price weakness." Full details of these repurchases will be announced in the morning.
Alan Santini can now confirm that he has served notice upon the Board of Directors of Hunt Gold Corporation; as well as the representatives of certain Investment Groups as follows:
1. Hunt Gold Corporation announced that certain Investment Groups had obtained voting rights over 51% of the Company's outstanding stock. They did not, however, acquire the actual stock, just the voting rights.
2. These Investment Groups believed an immediate solution was to resolve the huge difference in the trading price of Hunt Gold Corporation's stock and its NAV per share was to dispose of the Company's interests in "American Molygold" and to utilize an amount of US$10,000,000 of these proceeds to effect a stock repurchase.
3. These Investment Groups failed to factor into account that Fortress Financial Group, Inc. held an amount of circa 483 million shares which are now eligible to have their restrictive legend removed and become "free trading," effectively doubling the "free float."
4. These Investment Groups have been attempting to "low ball" us attempts to purchase our Investment in Hunt Gold Corporation, a situation that we will not tolerate.
5. We have now elected to play "hard ball" with these Investments Groups and refused to accept a price of less than an amount of 2 cents (US$0.02) per share for their shares of this Company's stock. This effectively kills the planned stock buyback in the amount of US$10 million of Hunt Gold Corporation's shares of Common Stock as planned by these Investment Groups. This amount will no longer be sufficient with Fortress Financial Group, Inc.'s stockholding of "free trading" stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation's shares of Common Stock.
6. We have stated very clearly that we are seriously contemplating further purchases of Hunt Gold Corporation's stock, at what we view as "bargain basement prices" in the market, thereby increasing our Company's "free trading" stockholding in Hunt Gold Corporation. We have made it extremely clear that we will refuse to sell these additional shares of their stock, purchased in the market; at price of less than 2 cents (US$0.02) per share.
7. The CEO of Fortress Financial Group, Alan Santini, currently serves as Company Secretary to Hunt Gold Corporation. He has tendered his resignation as Company Secretary with immediate effect, citing conflicts of interest.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented that he was "quite happy to put Hunt Gold Corporation in play to ensure that the best price could be obtained for this Company and that all serious bidders for Hunt Gold Corporation would serve our Company's interests as well those Fortress Financial Group, Inc. stockholders who received stock in Hunt Gold Corporation as a Stock Dividend." Alan Santini added that "Hunt Gold Corporation chooses to see our actions as militant. I see it very differently. I call it maximizing stockholder value for our Company, our stockholders and for Hunt Gold Corporation stockholders."
Alan Santini is very happy to go on record with this statement to Hunt Gold Corporation that he "will not rest until stockholder value in that Company is maximized and if means a Takeover battle, then so be it. Stockholder interests come ahead of these self serving Investment Groups who have not purchased stock to obtain voting control but simply made promises to obtain this voting power; which I now doubt that they can meet."
NEOP | Neoprobe Corp Appoints Gordon A. Troup To BOD
Penny Stock News From The OTCBB
Jul 29, 2008 8:58:00 AM
Copyright Business Wire 2008
DUBLIN, Ohio--(BUSINESS WIRE)--
Neoprobe Corporation (OTCBB: NEOP), a diversified developer of innovative oncology and cardiovascular surgical and diagnostic products, announced today that Gordon A. Troup has been appointed to Neoprobe Corporation's Board of Directors.
Mr. Troup recently retired as President of Cardinal Health's Nuclear Pharmacy Services (NPS). Mr. Troup spent 17 years with Cardinal Health, Inc. including five years as President of NPS and four years as Group President of Pharmaceutical Distribution and Specialty Distribution Services. At NPS Mr. Troup helped develop the largest radiopharmacy network in the United States with over 165 locations and 4000 employees. Mr. Troup has also been active in numerous professional and community organizations in the Columbus area and nationally.
Mr. Troup commented on his appointment to the Neoprobe Board of Directors, "I am excited to join the Board at Neoprobe because of the great potential the Company has in helping to improve the treatment and care of patients with cancer. Neoprobe has made great strides in the recent past and I look forward to assisting in guiding the company in the coming years as the company prepares for the commercial launch of Lymphoseek(R) and the development of additional products including its RIGS(R) technology."
David Bupp, Neoprobe's President & CEO, said, "Neoprobe is very pleased to have someone of Gordon's business experience and stature join our Board, as we are making the transition to a biotechnology company with both medical device and drug product offerings. Mr. Troup's business and marketing expertise will provide significant input as we prepare for the commercial launch of Lymphoseek and as we consider development strategies for our portfolio of biomedical products. Mr. Troup has been appointed to a Board term ending at the Annual Stockholders' Meeting in 2009, when he is expected to stand for election for another term ending in 2012."
Jul 29, 2008 8:58:00 AM
Copyright Business Wire 2008
DUBLIN, Ohio--(BUSINESS WIRE)--
Neoprobe Corporation (OTCBB: NEOP), a diversified developer of innovative oncology and cardiovascular surgical and diagnostic products, announced today that Gordon A. Troup has been appointed to Neoprobe Corporation's Board of Directors.
Mr. Troup recently retired as President of Cardinal Health's Nuclear Pharmacy Services (NPS). Mr. Troup spent 17 years with Cardinal Health, Inc. including five years as President of NPS and four years as Group President of Pharmaceutical Distribution and Specialty Distribution Services. At NPS Mr. Troup helped develop the largest radiopharmacy network in the United States with over 165 locations and 4000 employees. Mr. Troup has also been active in numerous professional and community organizations in the Columbus area and nationally.
Mr. Troup commented on his appointment to the Neoprobe Board of Directors, "I am excited to join the Board at Neoprobe because of the great potential the Company has in helping to improve the treatment and care of patients with cancer. Neoprobe has made great strides in the recent past and I look forward to assisting in guiding the company in the coming years as the company prepares for the commercial launch of Lymphoseek(R) and the development of additional products including its RIGS(R) technology."
David Bupp, Neoprobe's President & CEO, said, "Neoprobe is very pleased to have someone of Gordon's business experience and stature join our Board, as we are making the transition to a biotechnology company with both medical device and drug product offerings. Mr. Troup's business and marketing expertise will provide significant input as we prepare for the commercial launch of Lymphoseek and as we consider development strategies for our portfolio of biomedical products. Mr. Troup has been appointed to a Board term ending at the Annual Stockholders' Meeting in 2009, when he is expected to stand for election for another term ending in 2012."
LYRI | Lyris, Inc To Power Email Olympic Updates For NBC Coverage
Penny Stock News
NBC Olympics to Deliver Real-Time Email Updates on Events, News, and Athletes During Coverage of the Beijing Olympics, August 8-24, 2008
Jul 29, 2008 8:00:00 AM
Copyright Business Wire 2008
NEW YORK--(BUSINESS WIRE)--
Lyris, Inc., the email marketing service provider, today has been selected to deliver NBC Olympics email alerts during the 2008 Beijing Olympics from Beijing, China August 8-24. The announcement was made today by Perkins Miller, Senior Vice President, Digital Media, NBC Sports and Olympics, and Blaine Mathieu, Chief Marketing Officer, Lyris, Inc.
NBC Olympics alerts will enable Olympic fans to opt-in and receive updates on top NBCOlympics.com news and features. NBC Olympics email alerts include real-time updates on medal results, breaking news, athlete updates, schedule and event reminders, and more. NBC Olympics alerts also include daily updates with top headlines for every Olympic sport, local news for NBC affiliates, featured videos, and top slideshow galleries.
"Consumers are increasingly reliant on online forms of communication, such as email, to get the latest information and offers," said Blaine Mathieu, Chief Marketing Officer, Lyris, Inc. "Lyris has a 15 year track record of providing marketing and IT departments with a time-tested, powerful email communication engine to manage and execute campaigns and we're happy to be the solution of choice for NBC."
"NBC Olympics alerts enable our users to get all of the best news and information from the Beijing Olympic Games -- how they want it, when they want it," said Miller. "Whether it's breaking news and real-time medal updates or daily headlines and videos, there's no easier way for Olympic fans to stay informed on the top action from Beijing."
Olympics fans can sign-up for NBC Olympics alerts by going to: http://www.nbcolympics.com/mobile.
NBC Olympics to Deliver Real-Time Email Updates on Events, News, and Athletes During Coverage of the Beijing Olympics, August 8-24, 2008
Jul 29, 2008 8:00:00 AM
Copyright Business Wire 2008
NEW YORK--(BUSINESS WIRE)--
Lyris, Inc., the email marketing service provider, today has been selected to deliver NBC Olympics email alerts during the 2008 Beijing Olympics from Beijing, China August 8-24. The announcement was made today by Perkins Miller, Senior Vice President, Digital Media, NBC Sports and Olympics, and Blaine Mathieu, Chief Marketing Officer, Lyris, Inc.
NBC Olympics alerts will enable Olympic fans to opt-in and receive updates on top NBCOlympics.com news and features. NBC Olympics email alerts include real-time updates on medal results, breaking news, athlete updates, schedule and event reminders, and more. NBC Olympics alerts also include daily updates with top headlines for every Olympic sport, local news for NBC affiliates, featured videos, and top slideshow galleries.
"Consumers are increasingly reliant on online forms of communication, such as email, to get the latest information and offers," said Blaine Mathieu, Chief Marketing Officer, Lyris, Inc. "Lyris has a 15 year track record of providing marketing and IT departments with a time-tested, powerful email communication engine to manage and execute campaigns and we're happy to be the solution of choice for NBC."
"NBC Olympics alerts enable our users to get all of the best news and information from the Beijing Olympic Games -- how they want it, when they want it," said Miller. "Whether it's breaking news and real-time medal updates or daily headlines and videos, there's no easier way for Olympic fans to stay informed on the top action from Beijing."
Olympics fans can sign-up for NBC Olympics alerts by going to: http://www.nbcolympics.com/mobile.
TDCP | Inventor Of CSpace and Pixel Precision Joins 3DIcon Corp.
Penny Stock News OTC RoundUp
Dr. Hakki Refai, Award-Winning University of Oklahoma Research Scientist, to Focus Exclusively on the Accelerating Development and Commercialization of 3DIcon's Technologies
Jul 29, 2008 9:42:00 AM
Copyright Business Wire 2008
View Additional ProfilesTULSA, Okla.--(BUSINESS WIRE)--
3DIcon Corporation (OTCBB: TDCP), a development-stage technology company, today announced that Dr. Hakki Refai, the researcher whose discoveries led to the development of CSpace(TM) and Pixel Precision(TM) under 3DIcon's Sponsored Research Agreement (SRA) at the University of Oklahoma (OU), will be assuming the position of Chief Technology Officer of 3DIcon following completion of his obligations at OU. Dr. Refai is expected to commence his formal duties in the current quarter. As CTO, Dr. Refai will be charged with the overall technology development of the Company, overseeing the ongoing development of 3DIcon's portfolio of technologies at OU, which will continue under the SRA, as well as working closely with commercial and governmental licensing partners in the impending commercialization and marketing of 3DIcon's technologies.
Dr. Refai is an award-winning scientist who has served as the Senior Research Scientist in the School of Electrical and Computer Engineering at the University of Oklahoma. He received his Bachelor of Science degree in electrical engineering in 1992 from Aleppo University, Syria, and his M.S. and Ph.D. degrees in electrical and computer engineering in 2002 and 2005, respectively, from the University of Oklahoma.
Dr. Refai has authored or coauthored many journal and conference publications and has served on the program committee of two leading international conferences. Prior to his scientific endeavors, Dr. Refai built and operated a successful international electronics business.
"We have been hugely impressed with what Hakki Refai has developed for 3DIcon at OU, including our flagship 3D technology CSpace(TM) and our first revenue-producing product, Pixel Precision(TM)," said Martin Keating, 3DIcon's chairman and CEO. "His joining our team as CTO is a testament to our mutual confidence in the upcoming commercialization of the technologies that he has spearheaded."
Vivek Bhaman, 3DIcon president, added, "As we start to build potential licensing and development partnerships for our 3D technologies, having Dr. Refai's expertise in-house will greatly enhance our ability to move the scientific and commercial efforts forward at an accelerated pace. Furthermore, as the inventor of our key 3D technology, CSpace(TM), Dr. Refai is the best person to direct and drive the integration of CSpace(TM) technology into industry and product-specific 3D applications."
"I am excited and very pleased to be coming on board with 3DIcon at a momentous time in the transfer of these technologies from the lab to the commercial marketplace," stated Dr. Refai. "It is my goal to advance and deliver critical milestones that will drive the advancement and commercialization of our technologies in the emerging 3D industry."
Dr. Jim Sluss, principal investigator for 3DIcon's SRA at the University of Oklahoma, commented, "One of the most fulfilling parts of my job is to see fine young people like Hakki move on to technology leadership roles. I am thrilled that he is getting such an opportunity with 3DIcon! At OU we are very proud of producing top-notch scientific talent who are in demand from corporate America. Fostering such creative people and supporting their transfer between academia and private enterprise is in fact one of our top priorities. We congratulate Dr. Refai and look forward to our continued work on 3DIcon's groundbreaking 3D technologies here at OU."
Pending wrap-up of his obligations at OU, Dr. Refai will be joining 3DIcon with an employment agreement which includes equity-based compensation and incentives that are subject to his meeting key technology milestones, including the creation of a fully operational prototype as well as integration with industry applications.
Dr. Hakki Refai, Award-Winning University of Oklahoma Research Scientist, to Focus Exclusively on the Accelerating Development and Commercialization of 3DIcon's Technologies
Jul 29, 2008 9:42:00 AM
Copyright Business Wire 2008
View Additional ProfilesTULSA, Okla.--(BUSINESS WIRE)--
3DIcon Corporation (OTCBB: TDCP), a development-stage technology company, today announced that Dr. Hakki Refai, the researcher whose discoveries led to the development of CSpace(TM) and Pixel Precision(TM) under 3DIcon's Sponsored Research Agreement (SRA) at the University of Oklahoma (OU), will be assuming the position of Chief Technology Officer of 3DIcon following completion of his obligations at OU. Dr. Refai is expected to commence his formal duties in the current quarter. As CTO, Dr. Refai will be charged with the overall technology development of the Company, overseeing the ongoing development of 3DIcon's portfolio of technologies at OU, which will continue under the SRA, as well as working closely with commercial and governmental licensing partners in the impending commercialization and marketing of 3DIcon's technologies.
Dr. Refai is an award-winning scientist who has served as the Senior Research Scientist in the School of Electrical and Computer Engineering at the University of Oklahoma. He received his Bachelor of Science degree in electrical engineering in 1992 from Aleppo University, Syria, and his M.S. and Ph.D. degrees in electrical and computer engineering in 2002 and 2005, respectively, from the University of Oklahoma.
Dr. Refai has authored or coauthored many journal and conference publications and has served on the program committee of two leading international conferences. Prior to his scientific endeavors, Dr. Refai built and operated a successful international electronics business.
"We have been hugely impressed with what Hakki Refai has developed for 3DIcon at OU, including our flagship 3D technology CSpace(TM) and our first revenue-producing product, Pixel Precision(TM)," said Martin Keating, 3DIcon's chairman and CEO. "His joining our team as CTO is a testament to our mutual confidence in the upcoming commercialization of the technologies that he has spearheaded."
Vivek Bhaman, 3DIcon president, added, "As we start to build potential licensing and development partnerships for our 3D technologies, having Dr. Refai's expertise in-house will greatly enhance our ability to move the scientific and commercial efforts forward at an accelerated pace. Furthermore, as the inventor of our key 3D technology, CSpace(TM), Dr. Refai is the best person to direct and drive the integration of CSpace(TM) technology into industry and product-specific 3D applications."
"I am excited and very pleased to be coming on board with 3DIcon at a momentous time in the transfer of these technologies from the lab to the commercial marketplace," stated Dr. Refai. "It is my goal to advance and deliver critical milestones that will drive the advancement and commercialization of our technologies in the emerging 3D industry."
Dr. Jim Sluss, principal investigator for 3DIcon's SRA at the University of Oklahoma, commented, "One of the most fulfilling parts of my job is to see fine young people like Hakki move on to technology leadership roles. I am thrilled that he is getting such an opportunity with 3DIcon! At OU we are very proud of producing top-notch scientific talent who are in demand from corporate America. Fostering such creative people and supporting their transfer between academia and private enterprise is in fact one of our top priorities. We congratulate Dr. Refai and look forward to our continued work on 3DIcon's groundbreaking 3D technologies here at OU."
Pending wrap-up of his obligations at OU, Dr. Refai will be joining 3DIcon with an employment agreement which includes equity-based compensation and incentives that are subject to his meeting key technology milestones, including the creation of a fully operational prototype as well as integration with industry applications.
RDWG | Road Wings Funding Partner Announces New License for Jamaica
Pink Sheets Penny Stock News
Jul 29, 2008 6:45:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/29/08 -- Road Wings, Inc. (PINKSHEETS: RDWG) announced today that funding partner OneFi Technology, Inc. has been approved and has currently acquired a full Telco operating license for the Island Nation of Jamaica. OneFi Technology network's broadband signal will allow the citizens of Jamaica to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The network design allows for ready expansion, and Dr. Al Omran, the CTO of OneFi Technology, states, "Today's networks must allow for constant upgrades and the OneFi WiMax/WiFi network gives us an opportunity to capitalize on easy upgrades at a minimum of expense."
The standard network allows for 802.11-b-g, but the OneFi Technology network design incorporates WiMax 801.16e signal which will go as far as twenty miles. Also, OneFi Technology uses 802.11b-g and n to allow last mile user access.
Mr. Vinnie Pierson, the Vice-President of South American and Caribbean development for OneFi Technology, negotiated the license agreement to bring the OneFi Technology to Jamaica. Mr. Evan White, the OneFi network development director, stated, "Jamaica will be developed by OneFi and bring a new set of broadband options with the arrival of OneFi's technology. We will offer our VoIP and Internet package at extremely affordable prices so that the community has genuine options."
OneFi will also be installing its IPTV in beta format in Jamaica with users on a new technical platform. Many residences in Jamaica only have had access to traditional landline access because of pricing or lack of accessibility in the Island Nation. Additional specific terms and revenue projections will be forthcoming in a followup announcement in view of all the response by the WiMax expansion information so far.
Jul 29, 2008 6:45:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/29/08 -- Road Wings, Inc. (PINKSHEETS: RDWG) announced today that funding partner OneFi Technology, Inc. has been approved and has currently acquired a full Telco operating license for the Island Nation of Jamaica. OneFi Technology network's broadband signal will allow the citizens of Jamaica to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The network design allows for ready expansion, and Dr. Al Omran, the CTO of OneFi Technology, states, "Today's networks must allow for constant upgrades and the OneFi WiMax/WiFi network gives us an opportunity to capitalize on easy upgrades at a minimum of expense."
The standard network allows for 802.11-b-g, but the OneFi Technology network design incorporates WiMax 801.16e signal which will go as far as twenty miles. Also, OneFi Technology uses 802.11b-g and n to allow last mile user access.
Mr. Vinnie Pierson, the Vice-President of South American and Caribbean development for OneFi Technology, negotiated the license agreement to bring the OneFi Technology to Jamaica. Mr. Evan White, the OneFi network development director, stated, "Jamaica will be developed by OneFi and bring a new set of broadband options with the arrival of OneFi's technology. We will offer our VoIP and Internet package at extremely affordable prices so that the community has genuine options."
OneFi will also be installing its IPTV in beta format in Jamaica with users on a new technical platform. Many residences in Jamaica only have had access to traditional landline access because of pricing or lack of accessibility in the Island Nation. Additional specific terms and revenue projections will be forthcoming in a followup announcement in view of all the response by the WiMax expansion information so far.
PYBX | PlayBOX, Inc To Distribute Music For DJ Adam Beyer
Penny Stock News From The OTC
Jul 29, 2008 9:00:00 AM
LONDON, UNITED KINGDOM -- (MARKET WIRE) -- 07/29/08 -- PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), a global media entertainment company, today announced it has signed a distribution agreement with world-famous Techno DJ, Adam Beyer.
DJ/Producer Beyer, whose name is synonymous with Scandinavian Techno music, will now distribute his world-famous tracks to global audiences through PlayBOX's varied and growing distribution channels.
PlayBOX currently delivers leading-edge entertainment content to consumers at retail points, through online sales, MP3 downloads, and via mobile phones. It uses further creative distribution methods such as social networks and fan and music genre communities to connect audiences and artists.
"PlayBOX is honoured to distribute Adam Beyer's music," says PlayBOX CEO Robert Burden. "Beyer already has a large, dedicated, global following, which will have a positive effect for promoting PlayBOX to an even wider user-audience, which will in turn benefit the other artists we represent."
The PlayBOX-Beyer agreement includes the 15+ other artists Beyer has on his record labels, who bring with them a back catalogue of 70 tracks.
Jul 29, 2008 9:00:00 AM
LONDON, UNITED KINGDOM -- (MARKET WIRE) -- 07/29/08 -- PlayBOX (US) Inc. ("PlayBOX") (OTCBB: PYBX), a global media entertainment company, today announced it has signed a distribution agreement with world-famous Techno DJ, Adam Beyer.
DJ/Producer Beyer, whose name is synonymous with Scandinavian Techno music, will now distribute his world-famous tracks to global audiences through PlayBOX's varied and growing distribution channels.
PlayBOX currently delivers leading-edge entertainment content to consumers at retail points, through online sales, MP3 downloads, and via mobile phones. It uses further creative distribution methods such as social networks and fan and music genre communities to connect audiences and artists.
"PlayBOX is honoured to distribute Adam Beyer's music," says PlayBOX CEO Robert Burden. "Beyer already has a large, dedicated, global following, which will have a positive effect for promoting PlayBOX to an even wider user-audience, which will in turn benefit the other artists we represent."
The PlayBOX-Beyer agreement includes the 15+ other artists Beyer has on his record labels, who bring with them a back catalogue of 70 tracks.
ERFW | ERF Wireless Announces Contracts With Banks In Louisana And Texas
OTCBB Penny Stock News
Resale of Excess Bandwidth and Advanced Wireless Services to Add Millions in Recurring Revenue for ERF Wireless
Jul 29, 2008 9:05:00 AM
Copyright Business Wire 2008
LEAGUE CITY, Texas--(BUSINESS WIRE)--
ERF Wireless (OTCBB:ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that its ERF Enterprise Network Services subsidiary has entered into ten-year, multi-million dollar WiNet System contracts with Louisiana-based Fidelity Homestead Bank and Texas-based Classic Bank to bring wireless broadband to certain rural communities in both Texas and Louisiana. These new contracts will utilize each bank's excess wireless bandwidth and wireless infrastructure to provide Wireless Internet Service Provider (WISP) products and services to the banks' commercial and retail customers. The WiNet System Agreements are in addition to the previously announced BranchNet and US-BankNet contracts with each bank. ERF Wireless will operate and support its WiNet product offerings through its Wireless Bundled Services subsidiary and estimates its WiNet operations for both banks will be initiated in the fall of 2008. After a ramp-up period, the contracts are expected to generate more than $7 million in recurring revenues to ERF Wireless after the revenue share to the banks over the next ten years. The banks will receive a percentage of the gross subscriber revenues as part of the agreement.
R. Greg Smith, CEO of ERF Enterprise Network Services, commented, "Because ERF Wireless has a relationship with their financial institution, the bank's customers have a compelling reason to purchase Internet services from us rather than from a local cable or DSL provider. We also have the advantage of offering them unique products and services they simply can't obtain anywhere else."
Smith went on to note that the WiNet System Agreements allow the company's Wireless Bundled Services subsidiary to expand its current base of residential and commercial customers and develop a number of new, underserved markets. The revenue sharing agreements with the banks also allow ERF Wireless to quickly enter into servicing these new territories without having the expense of constructing or leasing new towers.
Richard E. Williams, President of Classic Bank, stated, "We have many customers who could use the WiNet services that include high-speed access to Internet banking, merchant check capture, spam-free email and web hosting. And we like the fact that giving our customers access to this advanced technology is another way our bank can bring more valued-added services to our community."
"The BankNet, BranchNet and WiNet contracts we've signed with Fidelity Homestead and Classic Bank underscore that our efforts are paying off in educating financial institutions on just how powerful and profitable our integrated trio of advanced wireless broadband products and services can be," said ERF Wireless CEO Dr. H. Dean Cubley. "When we combine our bank networks and the follow-on WiNet coverage with our existing WISP network coverage, ERF Wireless has a wireless network footprint that is one of the largest networks in the nation and covers a number of vertical markets, in addition to banks and financial institutions, such as petrochemical, healthcare and especially oil and gas production."
Resale of Excess Bandwidth and Advanced Wireless Services to Add Millions in Recurring Revenue for ERF Wireless
Jul 29, 2008 9:05:00 AM
Copyright Business Wire 2008
LEAGUE CITY, Texas--(BUSINESS WIRE)--
ERF Wireless (OTCBB:ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that its ERF Enterprise Network Services subsidiary has entered into ten-year, multi-million dollar WiNet System contracts with Louisiana-based Fidelity Homestead Bank and Texas-based Classic Bank to bring wireless broadband to certain rural communities in both Texas and Louisiana. These new contracts will utilize each bank's excess wireless bandwidth and wireless infrastructure to provide Wireless Internet Service Provider (WISP) products and services to the banks' commercial and retail customers. The WiNet System Agreements are in addition to the previously announced BranchNet and US-BankNet contracts with each bank. ERF Wireless will operate and support its WiNet product offerings through its Wireless Bundled Services subsidiary and estimates its WiNet operations for both banks will be initiated in the fall of 2008. After a ramp-up period, the contracts are expected to generate more than $7 million in recurring revenues to ERF Wireless after the revenue share to the banks over the next ten years. The banks will receive a percentage of the gross subscriber revenues as part of the agreement.
R. Greg Smith, CEO of ERF Enterprise Network Services, commented, "Because ERF Wireless has a relationship with their financial institution, the bank's customers have a compelling reason to purchase Internet services from us rather than from a local cable or DSL provider. We also have the advantage of offering them unique products and services they simply can't obtain anywhere else."
Smith went on to note that the WiNet System Agreements allow the company's Wireless Bundled Services subsidiary to expand its current base of residential and commercial customers and develop a number of new, underserved markets. The revenue sharing agreements with the banks also allow ERF Wireless to quickly enter into servicing these new territories without having the expense of constructing or leasing new towers.
Richard E. Williams, President of Classic Bank, stated, "We have many customers who could use the WiNet services that include high-speed access to Internet banking, merchant check capture, spam-free email and web hosting. And we like the fact that giving our customers access to this advanced technology is another way our bank can bring more valued-added services to our community."
"The BankNet, BranchNet and WiNet contracts we've signed with Fidelity Homestead and Classic Bank underscore that our efforts are paying off in educating financial institutions on just how powerful and profitable our integrated trio of advanced wireless broadband products and services can be," said ERF Wireless CEO Dr. H. Dean Cubley. "When we combine our bank networks and the follow-on WiNet coverage with our existing WISP network coverage, ERF Wireless has a wireless network footprint that is one of the largest networks in the nation and covers a number of vertical markets, in addition to banks and financial institutions, such as petrochemical, healthcare and especially oil and gas production."
PNHL | Planet Nutrition Holdings Designs Training Machine For Olympic Training Center
Penny Stock News
Jul 29, 2008 8:30:00 AM
CORNELIUS, NC -- (MARKET WIRE) -- 07/29/08 -- Planet Nutrition Holdings (PINKSHEETS: PNHL) has recently planned a specially designed wrestling training machine for the USA Olympic Training Center in Colorado Springs, Colorado. The Olympic training center is world-renowned having trained elite American athletes and international athletes.
Wrestlers use different muscles then the standard athletes with quick explosive hip movements. Wrestlers need a machine that is built to be able to work with these special requirements. I M&M Holdings has recently designed a piece of equipment that meets the specific needs of wrestlers. The heavy-duty machine has a 400lb weight stack that is connected to a swivel pulley system on the front of the unit. The cable attaches to a simulated human torso or dummy. The wrestler will clasp arms around the torso then explode in an upward motion utilizing leg, lower back, oblique and abdominal muscles simultaneously to increase strength and control. The unit is anchored to a wall and conveniently folds up to reduce space. Currently this item is a specialty item, however it can be manufactured to the public by request.
"We are happy to be supplying equipment to the USA Olympic Training Center and Olympic Athletes," stated Dan Starczewski President and CEO.
Jul 29, 2008 8:30:00 AM
CORNELIUS, NC -- (MARKET WIRE) -- 07/29/08 -- Planet Nutrition Holdings (PINKSHEETS: PNHL) has recently planned a specially designed wrestling training machine for the USA Olympic Training Center in Colorado Springs, Colorado. The Olympic training center is world-renowned having trained elite American athletes and international athletes.
Wrestlers use different muscles then the standard athletes with quick explosive hip movements. Wrestlers need a machine that is built to be able to work with these special requirements. I M&M Holdings has recently designed a piece of equipment that meets the specific needs of wrestlers. The heavy-duty machine has a 400lb weight stack that is connected to a swivel pulley system on the front of the unit. The cable attaches to a simulated human torso or dummy. The wrestler will clasp arms around the torso then explode in an upward motion utilizing leg, lower back, oblique and abdominal muscles simultaneously to increase strength and control. The unit is anchored to a wall and conveniently folds up to reduce space. Currently this item is a specialty item, however it can be manufactured to the public by request.
"We are happy to be supplying equipment to the USA Olympic Training Center and Olympic Athletes," stated Dan Starczewski President and CEO.
HGLC | Hunt Gold Confirms Consideration Of Offers That Could Lead To Takeover
Gold Penny Stock News
Company Confirms It Is Considering Various Offers Which Could Lead to a Takeover of the Company
Jul 29, 2008 1:19:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 07/29/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has received a number of serious offers for the Company, which, if successful, could lead to a buyout of the Company.
The Company had announced earlier that certain Investment Groups had obtained voting rights over 51% of the Company's outstanding stock. They did not however acquire the actual stock, just the voting rights.
These Investment Groups believed an immediate solution was to resolve the huge difference in the trading price of the stock and the NAV per share was to dispose of the Company's interests in "American Molygold" and to utilize an amount of US$10,000,000 of these proceeds to effect a stock repurchase.
These Investment Groups failed to factor into account that Fortress Financial Group, Inc. held an amount of circa 483 million shares which are now eligible to have their restrictive legend removed and become "free trading," effectively doubling the "free float."
The CEO of Fortress Financial Group, Inc. has elected to play "hard ball" with these Investments Groups and refused to accept a price of less than an amount of 2 cents (US$0.02) per share for their shares of this Company's stock. This effectively kills the planned stock buyback in the amount of US$10 million, and the amount previously planned by these Investment Groups will not now be sufficient with Fortress Financial Group, Inc. "sitting on the sidelines" with a "fairly militant attitude." Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of this Company's stock.
To compound matters further, the CEO of Fortress Financial Group, Inc. is contemplating further purchases of this Company's stock, at what he views as "bargain basement prices," in the market; thereby increasing his Company's "free trading" stockholding in this Company. He has made it extremely clear that he will refuse to sell these shares at price of less than 2 cents (US$0.02) per share.
The CEO of Fortress Financial Group, Alan Santini, currently serves as Company Secretary to this Company. He has tendered his resignation as Company Secretary with immediate effect, citing conflicts of interest.
There is little doubt that Fortress Financial Group, Inc. has decided to put this "stock into play" in order to obtain the best possible price for their stockholdings and for their stockholders; many of whom received shares in this Company as Stock Dividends from Fortress Financial Group, Inc. Their CEO, Alan Santini, has made it clear that he wants results and fast, and has little to no interest in these Investment Groups' plans for the Company and wants to see immediate and very tangible benefits for his own Company and its stockholders.
The Board of Directors, after seeking legal Counsel, are now of the opinion that unless these Investment Groups immediately purchase these shares of the Company's stock from Fortress Financial Group, Inc., and in cash at the price demanded by the CEO of Fortress Financial Group, Inc., they will no longer continue to enjoy 51% voting power and control of this Company's Stock.
The Board is therefore now duty bound to enter into formal discussions with the various bidders for the Company.
Company Confirms It Is Considering Various Offers Which Could Lead to a Takeover of the Company
Jul 29, 2008 1:19:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 07/29/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has received a number of serious offers for the Company, which, if successful, could lead to a buyout of the Company.
The Company had announced earlier that certain Investment Groups had obtained voting rights over 51% of the Company's outstanding stock. They did not however acquire the actual stock, just the voting rights.
These Investment Groups believed an immediate solution was to resolve the huge difference in the trading price of the stock and the NAV per share was to dispose of the Company's interests in "American Molygold" and to utilize an amount of US$10,000,000 of these proceeds to effect a stock repurchase.
These Investment Groups failed to factor into account that Fortress Financial Group, Inc. held an amount of circa 483 million shares which are now eligible to have their restrictive legend removed and become "free trading," effectively doubling the "free float."
The CEO of Fortress Financial Group, Inc. has elected to play "hard ball" with these Investments Groups and refused to accept a price of less than an amount of 2 cents (US$0.02) per share for their shares of this Company's stock. This effectively kills the planned stock buyback in the amount of US$10 million, and the amount previously planned by these Investment Groups will not now be sufficient with Fortress Financial Group, Inc. "sitting on the sidelines" with a "fairly militant attitude." Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of this Company's stock.
To compound matters further, the CEO of Fortress Financial Group, Inc. is contemplating further purchases of this Company's stock, at what he views as "bargain basement prices," in the market; thereby increasing his Company's "free trading" stockholding in this Company. He has made it extremely clear that he will refuse to sell these shares at price of less than 2 cents (US$0.02) per share.
The CEO of Fortress Financial Group, Alan Santini, currently serves as Company Secretary to this Company. He has tendered his resignation as Company Secretary with immediate effect, citing conflicts of interest.
There is little doubt that Fortress Financial Group, Inc. has decided to put this "stock into play" in order to obtain the best possible price for their stockholdings and for their stockholders; many of whom received shares in this Company as Stock Dividends from Fortress Financial Group, Inc. Their CEO, Alan Santini, has made it clear that he wants results and fast, and has little to no interest in these Investment Groups' plans for the Company and wants to see immediate and very tangible benefits for his own Company and its stockholders.
The Board of Directors, after seeking legal Counsel, are now of the opinion that unless these Investment Groups immediately purchase these shares of the Company's stock from Fortress Financial Group, Inc., and in cash at the price demanded by the CEO of Fortress Financial Group, Inc., they will no longer continue to enjoy 51% voting power and control of this Company's Stock.
The Board is therefore now duty bound to enter into formal discussions with the various bidders for the Company.
FMNJ | Franklin Mining Executives Return To Buenos Aires To Meet With Tierra del Fuego Representatives
Mining Penny Stocks
Jul 29, 2008 10:29:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/29/08 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and President William A. Petty, Fernando Infante, Executive Vice President, and Howard Dunn, Vice President of Operations, International Mining, will return to Buenos Aires, Argentina on July 30, 2008 to meet with representatives from the Provincia de Tierra del Fuego, Argentina.
Mr. Infante and Mr. Dunn will present and discuss final technical recommendations for construction of a gas to liquid plant with engineering and technical representatives of the Provincial government.
Franklin Oil & Gas International SA signed a Letter of Intent on May 29, 2008, with Maria Fabiana Rios, Governadora, Provincia de Tierra del Fuego, to construct a GTL plant with an initial minimal daily production of 5,000 barrels per day.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
Jul 29, 2008 10:29:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/29/08 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and President William A. Petty, Fernando Infante, Executive Vice President, and Howard Dunn, Vice President of Operations, International Mining, will return to Buenos Aires, Argentina on July 30, 2008 to meet with representatives from the Provincia de Tierra del Fuego, Argentina.
Mr. Infante and Mr. Dunn will present and discuss final technical recommendations for construction of a gas to liquid plant with engineering and technical representatives of the Provincial government.
Franklin Oil & Gas International SA signed a Letter of Intent on May 29, 2008, with Maria Fabiana Rios, Governadora, Provincia de Tierra del Fuego, to construct a GTL plant with an initial minimal daily production of 5,000 barrels per day.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
CYPW | Cyclone Power Technologies Files Patent Application For Green Engine Component
Penny Stock News RoundUp
Jul 29, 2008 8:30:00 AM
POMPANO BEACH, FL -- (MARKET WIRE) -- 07/29/08 -- Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) announced today that it has filed a patent application with the U.S. Patent and Trademark Office for the valve mechanism of its award-wining Cyclone Engine.
The company's most recent patent application covers automatic piston-operated valves, and more specifically, two cooperating valves in a piston head and cylinder head for controlling timing of admission and compression in a steam engine. The nature of this valve allows for smaller clearance volume and higher compression, which is critical for optimal engine efficiency, especially in connection with the company's two cylinder engine -- an engine ideally suited to run portable home generators, auxiliary power units for commercial trucks, and other applications in the 15 to 18 HP range.
"We are very proud of how this valve mechanism is able to increase the thermal efficiencies of our engine," stated Cyclone's CEO, Harry Schoell. "Our new valve design is one major reason why the Cyclone will soon be a cost-effective alternative to dirty gas and diesel powered internal combustion engines."
The company currently has two patents issued in the U.S., and over 48 patents pending in the U.S. and internationally on the Cyclone engine and each of its 12 major components.
Jul 29, 2008 8:30:00 AM
POMPANO BEACH, FL -- (MARKET WIRE) -- 07/29/08 -- Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) announced today that it has filed a patent application with the U.S. Patent and Trademark Office for the valve mechanism of its award-wining Cyclone Engine.
The company's most recent patent application covers automatic piston-operated valves, and more specifically, two cooperating valves in a piston head and cylinder head for controlling timing of admission and compression in a steam engine. The nature of this valve allows for smaller clearance volume and higher compression, which is critical for optimal engine efficiency, especially in connection with the company's two cylinder engine -- an engine ideally suited to run portable home generators, auxiliary power units for commercial trucks, and other applications in the 15 to 18 HP range.
"We are very proud of how this valve mechanism is able to increase the thermal efficiencies of our engine," stated Cyclone's CEO, Harry Schoell. "Our new valve design is one major reason why the Cyclone will soon be a cost-effective alternative to dirty gas and diesel powered internal combustion engines."
The company currently has two patents issued in the U.S., and over 48 patents pending in the U.S. and internationally on the Cyclone engine and each of its 12 major components.
AXVC | Axial Vector Energy Receives Application Approval For Award
Pink Sheets Penny Stock News
Award Recognizes Innovations in Energy and Energy Efficiency Technologies
Jul 29, 2008 11:06:00 AM
Copyright Business Wire 2008
ABU DHABI, United Arab Emirates & LOS ANGELES--(BUSINESS WIRE)--
Axial Vector Energy Corporation ("AVEC") (Pink Sheets:AXVC) (FWB:BAE1) announced today that the Company's application for consideration has been accepted by the Zayed Future Energy Committee. The winners of the Awards will be formally saluted during a formal award ceremony in January 2009 under the patronage of His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates.
With the introduction of the Zayed Future Energy Prize, Abu Dhabi, with its international partners at its side, aims to inspire the next generation of global energy innovators-creating solutions we can barely imagine today. On the evening of January 2009, the winner of the first annual prize will be awarded $1.5 million.
Finalists will be nominated by experts across the globe, while the winners will be chosen by a jury chaired by Dr. R.K. Pachauri, chairman of the intergovernmental panel on Climate change and winner of the 2007 Nobel Peace Prize. More information is available at www.zayedfutureenergyprize.com.
"Acceptance through the first stage of the award process has been a considerable validation for the technologies that Axial Vector has worked to produce," said Ahmed Khalifa, Chairman of Axial Vector Energy Corp. "We are pleased that the committee will evaluate all of AVEC's patent-pending 'axial flux' engine and generator set (GENSET) technologies in detail. AVEC is able to produce highly efficient, cost-effective and environmentally sensitive multi-fuel engines and motors that are scalable and adaptable for both mobile and fixed-location settings and we believe this to be of great importance to the future of energy efficiency."
Award Recognizes Innovations in Energy and Energy Efficiency Technologies
Jul 29, 2008 11:06:00 AM
Copyright Business Wire 2008
ABU DHABI, United Arab Emirates & LOS ANGELES--(BUSINESS WIRE)--
Axial Vector Energy Corporation ("AVEC") (Pink Sheets:AXVC) (FWB:BAE1) announced today that the Company's application for consideration has been accepted by the Zayed Future Energy Committee. The winners of the Awards will be formally saluted during a formal award ceremony in January 2009 under the patronage of His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates.
With the introduction of the Zayed Future Energy Prize, Abu Dhabi, with its international partners at its side, aims to inspire the next generation of global energy innovators-creating solutions we can barely imagine today. On the evening of January 2009, the winner of the first annual prize will be awarded $1.5 million.
Finalists will be nominated by experts across the globe, while the winners will be chosen by a jury chaired by Dr. R.K. Pachauri, chairman of the intergovernmental panel on Climate change and winner of the 2007 Nobel Peace Prize. More information is available at www.zayedfutureenergyprize.com.
"Acceptance through the first stage of the award process has been a considerable validation for the technologies that Axial Vector has worked to produce," said Ahmed Khalifa, Chairman of Axial Vector Energy Corp. "We are pleased that the committee will evaluate all of AVEC's patent-pending 'axial flux' engine and generator set (GENSET) technologies in detail. AVEC is able to produce highly efficient, cost-effective and environmentally sensitive multi-fuel engines and motors that are scalable and adaptable for both mobile and fixed-location settings and we believe this to be of great importance to the future of energy efficiency."
ACGI | Amacore Founders Scheduled For CBS Biz Talk With Josh
Penny Stock News
Noted Entrepreneur, Joshua I. Smith, Hosts New Radio Show featuring High Profile Guests
Jul 29, 2008 8:30:00 AM
Copyright Business Wire 2008
LAKE MARY, Fla.--(BUSINESS WIRE)--
The Amacore Group, Inc., (OTCBB: ACGI), a leader in providing health-related membership benefit programs, insurance programs, and other innovative and high-quality solutions to individuals, families and employer groups nationwide, today announced that the Company's founders - Amacore CEO Clark A. Marcus and CMO Jerry Katzman, MD - will be guests on CBS' weekly radio show "Biz Talk with Josh," hosted by Joshua I. Smith, renowned businessman and lecturer, on Sunday, August 3, 2008 at 3 pm EST. The show can be listened to live via the airwaves in the Washington, D.C. area on CBS Radio, WPGC/HEAVEN 1580 AM, and nationally, via audio streaming, on www.heaven1580am.com .
The radio segment will cover the entrepreneurial side of the Company, which will include an overview of Amacore's vision and overall mission; pivotal and groundbreaking experiences at the Company's beginning stages; changes and evolution of Amacore's business model since inception; the Company's perspective on the United States' healthcare crisis; and Amacore's outlook ahead.
"We are extremely excited to be on Joshua's show to present Amacore's ideas for new healthcare options," stated Amacore CEO Clark A. Marcus. "We're also delighted to have the opportunity to engage in an interview and conversation with Joshua, a man who is one of the foremost authorities on business development and commerce, and who is a distinguished leader in both the business and public service community. To sit down and discuss our Company's innovative strategies to problem-solve the healthcare system with a person who is so expansive in his experience and knowledge makes for a perfect situation and interview."
Noted Entrepreneur, Joshua I. Smith, Hosts New Radio Show featuring High Profile Guests
Jul 29, 2008 8:30:00 AM
Copyright Business Wire 2008
LAKE MARY, Fla.--(BUSINESS WIRE)--
The Amacore Group, Inc., (OTCBB: ACGI), a leader in providing health-related membership benefit programs, insurance programs, and other innovative and high-quality solutions to individuals, families and employer groups nationwide, today announced that the Company's founders - Amacore CEO Clark A. Marcus and CMO Jerry Katzman, MD - will be guests on CBS' weekly radio show "Biz Talk with Josh," hosted by Joshua I. Smith, renowned businessman and lecturer, on Sunday, August 3, 2008 at 3 pm EST. The show can be listened to live via the airwaves in the Washington, D.C. area on CBS Radio, WPGC/HEAVEN 1580 AM, and nationally, via audio streaming, on www.heaven1580am.com .
The radio segment will cover the entrepreneurial side of the Company, which will include an overview of Amacore's vision and overall mission; pivotal and groundbreaking experiences at the Company's beginning stages; changes and evolution of Amacore's business model since inception; the Company's perspective on the United States' healthcare crisis; and Amacore's outlook ahead.
"We are extremely excited to be on Joshua's show to present Amacore's ideas for new healthcare options," stated Amacore CEO Clark A. Marcus. "We're also delighted to have the opportunity to engage in an interview and conversation with Joshua, a man who is one of the foremost authorities on business development and commerce, and who is a distinguished leader in both the business and public service community. To sit down and discuss our Company's innovative strategies to problem-solve the healthcare system with a person who is so expansive in his experience and knowledge makes for a perfect situation and interview."
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