Penny Stock News From The OTCBB
Gross Margin Increases 18 Percentage Points Conference Call Today at 11 a.m. Eastern Daylight Time
Jul 30, 2008 8:00:00 AM
Copyright Business Wire 2008
SAN DIEGO--(BUSINESS WIRE)--
Javo(R) Beverage Company, Inc. (OTCBB:JAVO), a leading provider of premium dispensable coffee and tea-based beverages to the food service industry, announced today its unaudited financial results for the second quarter of 2008.
Financial highlights for the quarter ended June 30, 2008 include:
-- Revenues increased 109% to $6.7 million from $3.2 million in
the second quarter 2007.
-- Gross profit margin expanded to 49.0%, an increase of 1,800
basis points from the year ago period and 1,100 basis points
from the prior quarter.
-- The Company's total installed base of beverage dispensers
reached 8,826, an increase of 2,425 from the prior quarter and
6,215 more than year ago.
-- Dispensed products revenue reached $5.9 million, up 189% over
second quarter 2007.
-- Selling, general and administrative expenses totaled $3.8
million, an increase of 21%. Excluding non-cash expenses for
depreciation and amortization, SG&A was $3.0 million, an
increase of 11% on the same basis versus year ago.
-- The Company had a net loss of $2.2 million compared to a loss
of $5.7 million in the prior year quarter. The loss from
operations was $0.6 million, compared to a loss of $2.2
million in the second quarter of 2007. The net loss from
operations for the second quarter includes non-cash option
expense of $0.4 million and non-cash depreciation and
amortization expenses of $0.4 million, resulting in a positive
EBITDA for the quarter.
Cody C. Ashwell, chairman and CEO of Javo Beverage Company, said, "Javo's second quarter results put us squarely on target with respect to our 2008 business plan and were important because of the key milestones achieved in dispenser placements, gross revenue and gross profit margins. Our revenue reached a record level of $6.7 million as our sales team more than doubled the number of recurring revenue beverage dispensers at foodservice locations in the US during the first two quarters of the year."
He added, "With the recent integration of coffee roasting, thermal processing and packaging operations at our brewing facility in Vista, Javo achieved a record gross margin of 49.0% during the quarter, an increase of 18 percentage points over year ago. We anticipate that the combination of Javo's higher revenue level and improved unit costs will allow us to maintain comparable levels of gross margin performance in the future."
Ashwell said, "Selling, general and administrative expenses, which were scaled up during 2007 to facilitate an expansion of our sales force, were $3.8 million, an increase of 21% compared to the same quarter in 2007. While we expect continued moderate increases in SG&A for the remainder of the year, we anticipate that our current installed base of beverage dispensers will produce positive EBITDA for FY2008."
Ashwell concluded, "We recorded a $2.2 million net loss for the second quarter versus a loss of $5.7 million in the same quarter of 2007. The difference is primarily attributable to an increase in gross profit of $2.3 million, reduced non-cash income from derivatives of $1.7 million, combined with an increase in total operating expenses of $0.7 million."
Gary Lillian, president of Javo Beverage Company, said, "Javo added a record 2,425 dispensing locations for the Company's on-demand beverages, bringing our total to 8,826. To an important degree, our performance was positively impacted by the decision of Speedway SuperAmerica LLC (SSA), the largest company-owned and -operated gasoline and convenience retailer in the Midwest, to add Javo's ice coffees and lattes to its beverage program." He added, "During the quarter, we worked closely with Speedway to install beverage dispensers in most of its 1,600 retail locations. Our quarter further benefited from the continued expansion of our iced coffee program with other national accounts such as: Sunoco, Exxon-Mobil (On-the-Run(R)), BP Products (am pm(R)) and others. We also continued to have strong performance from our hot coffee program within Premier Healthcare, the Department of Veterans Affairs, Compass Group, Amerinet and MedAssets Supply Chain Systems. Having already exceeded our total installed base target of 7,500 dispensers during the peak season for iced coffee installations, our primary growth driver for the remainder of the year will be hot coffee customers. Based on current visibility, we see beating our high end objective of 10,000 dispensers by year end, with each new location adding between $3,000 and $6,000 of product revenue on an annual basis."
Wednesday
JAVO | Javo Beverage Achieves Record Q2'08 Revenue of $6.7 Million; Beverage Dispenser Installations Reach 8,826
RVGD | Revenge Designs Inc Issues Progress Update
More Penny Stock News From The Pink Sheets
Jul 30, 2008 1:24:00 PM
DECATUR, IN -- (MARKET WIRE) -- 07/30/08 -- Revenge Designs Inc (PINKSHEETS: RVGD), a specialty car designer and production assembler, provides a corporate update to its shareholders.
Peter Collorafi, Revenge Designs, Inc President and CEO, stated:
Thank you to all our shareholders for their kind wishes and thoughts during my wife's illness.
Revenge Designs Inc is pleased to announce, although the American economy is facing some tough times, here at Revenge Designs we are sustaining a consistent growth in our company.
Last week we released our new redesigned Pontiac GTO sports front bumper fascia, now enabling us to fulfill customer backorders.
We are consistently moving forward, visiting Honda new car dealerships, promoting our Sports Honda Ridgeline.
The GTM Super Car, although we have made some extensive redesigning and fine tuning throughout the vehicle our first body will be in the paint shop next week. The redesigned engineering suspension tooling is also near completion. The suspension tooling will allow Revenge Designs to improve the design and fitment also eliminating the need to purchase Corvette donor parts.
In regards to Revenge Designs share structure in July 2008, the company's Authorized Common Stock was increased to 2,500,000,000 (two billion five hundred million) shares. Our Outstanding shares remain at 1,742,845,630 and the 2007/2008 504 is presently closed.
For our new shareholders that may have not been present in RVGD in the early stages, 50% of the funds and shares provided to Revenge Designs Inc were assigned to removing share holders with Promissory notes, allowing Revenge Designs Inc to stand alone and move forward.
Revenge Designs Inc is currently negotiating with two automotive companies in two separate Southern states of America, in view of being our first Satellite Centers. This will enable Revenge Designs to broaden customer awareness of all the Revenge Designs quality products and also vehicle sales assistance.
PNHL | Planet Nutrition Announces Store Expansion
Pink Sheets Penny Stock News
Jul 30, 2008 8:30:00 AM
WINSTON-SALEM, NC -- (MARKET WIRE) -- 07/30/08 -- Planet Nutrition Holdings, Inc. (PINKSHEETS: PNHL) announces new store expansion. Planet Nutrition's newest expansion will be in Pueblo West, Colorado. The latest store will be located in SuperNova Gym complex. SuperNova Fitness Center officially opened for business on July 22, 2008. The SuperNova Gym includes over 100,000 dollars of IM & M Holdings Equipment, offers a state of the art rehab facility and group Fitness Aerobic Classes. SuperNova fitness is in a prime traffic location right off the highway in one of the fastest growing areas of Colorado.
"We are really happy to be expanding once again, especially with this location. The location is right off the main intersection of Pueblo West, and the SuperNova Gym facility is a top notch facility, with high traffic," stated Dan Starczewski, President and CEO.
GGLB | Green Globe International, Inc. CEO Addresses First Revenues From Sustainability Services Agreement
Penny Stock News From Around The OTCBB
Payment Received From First Client; Additional Customers in Worldwide Markets Identified
Jul 30, 2008 9:50:00 AM
MURRIETA, CA -- (MARKET WIRE) -- 07/30/08 -- Green Globe International, Inc. (OTCBB: GGLB), which owns the Green Globe brand, the premier international green brand focused on sustainability and carbon neutrality programs, today issued a comment from CEO Steven R. Peacock on the company's recent announcement of a sustainability services agreement and the receipt of revenues from the contract.
"In our June 2008 newsletter released several weeks ago, I addressed several planned revenue streams for Green Globe International, and with the signing of the first of what we expect to be many clients for the company's comprehensive sustainability services, I would like to discuss where the payment we received as a result of this agreement fits in that revenue model.
"One of our greatest challenges as owner of the Green Globe brand worldwide has been to identify and focus our resources on specific targets among the innumerable opportunities that exist to deliver sustainability services to a global market. As a result, the Board of Directors, Chief Operating Officer Bradley Cox and our support staff spent a great deal of time after our acquisition of the Green Globe brand planning its continued growth as the premier international green brand. This included establishing Green Globe International as a leader in sustainability and carbon neutrality strategies for its stakeholders, which include governments, communities and operators, and to grow the equity of the Green Globe brand in travel and tourism as well as in all other industries.
"Of the revenue streams identified during the strategic planning stage, our sustainability services agreement with Estoril Congress Center and the payment that has been received as a result of that agreement fall into the category of 'bundled' sustainability services, including benchmarking and certification; consultancy and support, delivered to Green Globe clients. The Estoril agreement came through our strategic alliance with MCI, the foremost global association, communications and event management company, and we will continue to work with all of our corporate partners to expand the use of the brand in a variety of applications.
"Shareholders should understand that while the agreement with the Estoril Congress Center was being negotiated and executed, the company continued to pursue agreements with additional potential customers, and we expect new clients to be signed to the Green Globe program in the near future. We are also working with our strategic alliance partners at PA Consulting and Wallace Partners to market and deliver Green Globe sustainability programs, and we look forward to future announcements related to those initiatives as well.
"While there clearly are a number of moving parts in Green Globe International, we feel that the company has become much better equipped to manage all of these parts and to implement a cohesive and successful operations strategy. The first executed client agreement affirms that belief, even though it is just the first step of what is expected to be many. Equally important for Green Globe International is to deliver clear communications to the public markets on how the company's goals, particularly the focus on increasing shareholders value, are being achieved. That will be undertaken as new agreements are signed and the Green Globe International client list grows. Considering the estimated $1 trillion captured by sustainability related industries in 2007 and the growing worldwide focus on going green, we see a very bright future for Green Globe International and its ownership of the Green Globe brand."
The World Travel and Tourism Council (WTTC) established Green Globe in 1992 as a response to the United Nations Rio de Janeiro Earth Summit, where 182 Heads of State endorsed the Agenda 21 principles of Sustainable Development. Green Globe is the only international sustainability program based on Agenda 21 principles.
ERHE | ERHC Energy Updates Shareholders
OTCBB Penny Stock News
Jul 30, 2008 9:20:00 AM
HOUSTON, TX -- (MARKET WIRE) -- 07/30/08 -- The following update on Company activities was issued by Peter Ntephe, chief operating officer of ERHC Energy Inc. (OTCBB: ERHE), prior to the opening of the market on Wednesday, July 30, 2008.
"To ERHC Shareholders:
"I am pleased to update the ERHC Energy family on the company's recent progress.
"We are happy that the London Court of International Arbitration has resolved the distribution of interests on Joint Development Zone (JDZ) Block 4 so that we and our consortium partner can focus entirely on starting drilling in JDZ Block 4 as quickly as possible. The issue related to a nine percent portion of Block 4 that was recovered from another consortium partner that had failed to meet certain obligations. The arbitration process was useful in clarifying the terms of our Participation Agreement with Addax.
"As a result of the arbitration, ERHC now has a 19.5 percent interest in JDZ Block 4 (up from 17.7 percent). Addax Petroleum will continue to carry the costs associated with ERHC's total interests in the Block. Throughout the process, ERHC and Addax Petroleum maintained their close working relationship.
"Work continues on refurbishing the deepwater drillship Aban Abraham, which has been contracted by our technical partners Addax and Sinopec Corp. to commence drilling operations in the JDZ. We have posted a number of photographs of the ship on our Web site.
"Addax continues its efforts to mitigate delays in the delivery of Aban Abraham by looking for a rig of opportunity. Addax is still pointing to the possibility that drilling in JDZ Block 4 will commence in due course. I continue to caution that there are many contingencies that affect operations of this nature and guidance for when exploratory drilling may commence could change. We will look to the operators of each of the Blocks to make the relevant announcements.
"Also related to the JDZ, we understand that there have been reports on the status of our interests in Blocks 5 and 6. Our legal entitlement to those rights is recognized by international treaty and enshrined in comprehensive legal agreements. We remain committed to exploiting those rights. The Company is, however, working to understand the recently expressed concerns of representatives of the Democratic Republic of Sao Tome & Principe.
"Meanwhile, ERHC is moving forward with its growth strategy. We are looking at the opportunities for listing or acquiring a subsidiary listed on an appropriate Exchange such as the Alternative Investments Market of the London Stock Exchange. The move will provide the means, in terms of capital and structure, for growth of ERHC's asset portfolio.
"We consider this growth strategy essential to diversify and mitigate the risks associated with being entirely tied to just one set of core assets in Gulf of Guinea. We have been discussing these initiatives with potential investors through our presentations at the RedChip Small Cap Investors Conference in San Francisco, the Growth Company Investors Show in London, the Sub Saharan Africa Oil & Gas Conference in Houston. We also participated at the Nortia Capital Partners' Equities Conference by the Beach in Atlantic City. For those who have not been able to witness any of the presentations, a replay of the RedChip presentation is available online.
"The events gave us an opportunity to spread the word about ERHC's past and present, and its plans for the future. They also enabled us to engage personally with the investment community, to listen to questions and concerns, and to describe our vision for ERHC in the years to come. Our goal is to forge lasting and trusting relationships with investment bankers, fund managers, institutional investors, research analysts and the investment community as a whole. The feedback has been very positive and we are preparing to present at the 2008 Global Investment Symposium in Dubai, which runs October 26-28, 2008. It will of course take time to spread the message as far and as wide as we want but we have made it a priority to continue to tell ERHC's story to the larger investment community.
"Finally, work is well underway on ERHC's third quarter financial report for the period that ended June 30th. We shall hold an Investor Conference Call on August 12, 2008 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). To participate, please dial 877-890-0968 (domestic) or 706-902-1710 (international) five to ten minutes before the call begins and reference the pass code 57619351.
"A simultaneous live Webcast of the call will be available over the Internet and will be accessible by going to www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4 and Entry Code: 8JR#pbw.
"A replay of the call will be available from Tuesday, August 12, 2008 at 10:00 a.m. Eastern Time through August 19, 2008 by dialing 800-642-1687 (domestic) or 706-645-9291 (international) and providing the following replay code: 57619351. In addition, the Webcast will be available for replay until September 12, 2008 by going to www.livemeeting.com/cc/erhcenergy/join and entering the Meeting ID: 7QC7M4 and Entry Code: 8JR#pbw.
"ERHC Energy remains focused on enhancing value for the benefit of its shareholders. We continue to count on your trust and support."
Sincerely,
Peter Ntephe
Chief Operating Officer
CXAC | Cross Atlantic Commodities in Discussion with TV Shopping Channel Agency
OTC Penny Stock News
Re-Juv(TM) to Focus on National Television Shopping Channels
Jul 30, 2008 9:30:00 AM
Copyright Business Wire 2008
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
Cross Atlantic Commodities, Inc. (OTCBB:CXAC), manufacturers and distributors of nationally branded commodities, food and general merchandise to food stores, supermarkets and club stores, announced today it is in discussion with a leading television shopping channel consultant for product placement of Re-Juv(TM) on TV shopping channels nationwide.
Jorge, Bravo. President and CEO of Cross Atlantic Commodities, Inc. (CXAC), commented, "In addition to our direct response commercials CXAC is moving forward to launch Re-Juv(TM) on TV shopping channels"
TV shopping channels introduce approximately 250 new products weekly to a worldwide audience of more than 80 million households, ship 60 million products and answer more than 50 million calls with annual sales over $3 billion. Top shopping channels include QVC and HSM.
"CXAC did extensive research into TV shopping and concluded that we needed the assistance of an expert. CXAC found a specialty organization that has widespread knowledge and a proven track record of success in marketing products on TV shopping channels. Initial purchase orders by TV shopping channels range from $15,000 to $25,000 and could be as much as $50,000. Should Re-Juv(TM) be successful the purchase orders could be frequent and substantial. The agency of choice is boutique marketing and sales firm with experience that could springboard Re-Juv(TM) into a household consumable," state Bravo.
"It is imperative that we align ourselves with an agency with experience, a good reputation and a successful track record. Until we sign a definitive agreement, CXAC is unable to disclose the name of the agency. Nevertheless, the agency of choice has experience and knowledge of bringing products from conception to the shelves of many national retail stores by way of TV shopping channels," continued Bravo.
The demographic group that would consider Re-Juv(TM) is female between the ages of 25 - 60.
CSKH | Clear Skies Solar, Inc. to Install $800,000 Solar Energy System
Penny Stock News From Around The OTCBB
610 Panels to Deliver 122,000 Kilowatt Hours of Electricity Each Year
Jul 30, 2008 8:00:00 AM
Copyright Business Wire 2008
NEW YORK--(BUSINESS WIRE)--
Clear Skies Solar, Inc. (OTCBB:CSKH), a leading developer of solar energy products and a full-service integration company specializing in the turnkey installation of commercial photovoltaic (PV) solar systems, today announced a contract with Mc Gowan Builders, Inc. (MBG) to install a solar energy system at the company's new headquarters in East Rutherford, NJ.
Under the contract, Clear Skies Solar (CSS) will install a 122 kw solar photovoltaic system, composed of 610 Suntech 200 watt solar panels, designed to offset the majority of buildings' current energy usage charges.
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar said, "The renewable energy credits (RECs) offered in the state of New Jersey for this type of project created an outstanding investment opportunity for Mc Gowan Builders. The RECs, combined with deprecation, the federal tax credit and the finance package they chose, will produce a positive cash flow for the company within the first year, and drive the effective cost of the system down significantly."
"We selected CSS's $800,000 solar energy system for Mc Gowan Builders' new headquarters building as an investment in the future - the future of our firm and the future of our planet. CSS provided a solution that satisfied both our cost and performance requirements. The photovoltaic panels will reduce energy production-related carbon dioxide emissions by approximately 144,000 pounds annually. This investment is a part of MGB's environmental initiatives that incorporate green construction practices as well as design and building systems solutions that will result in LEED points for the company's new headquarters," said Martin Mc Gowan, MGB Vice President.
Once completed, this New Jersey-based installation will offset the electricity of 39 average-sized American homes. The project is slated to take approximately five weeks to complete and will begin August 2008.
BVSN | PETCO Selects BroadVision's eMerchandising for Dynamic Incentives on PETCO.com
OTCBB Penny Stock News
Innovative Merchandising Solution to Enhance Leading eCommerce Site
Jul 30, 2008 9:15:00 AM
Copyright Business Wire 2008
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
BroadVision, Inc., (OTCBB:BVSN), a global provider of strategic e-business solutions, today announced that PETCO Animal Supplies, Inc., a leading specialty retailer of premium pet food, supplies and services, has selected BroadVision's eMerchandising(TM) solution for its promotional incentive capabilities.
By incorporating eMerchandising to its e-Commerce solution, PETCO will improve the online customer experience by offering dynamic pricing and incentives that react with the shopper's browsing and product selection. PETCO will also be able to deliver messages to shoppers to encourage additional purchases. PETCO customers will enjoy the shopping experience of utilizing multiple incentives, as well as seeing the value of incentives applied to their cart and what additional incentives are available. In a survey conducted last year by The E-Tailing Group, the best thing a merchant can do to ensure repeat patronage is provide special offers based on purchases. eMerchandising will enable PETCO to do this in real-time.
"We're always looking to expand our customer base, improve the customer experience and deepen customer loyalty," says John Lazarchic, PETCO Vice President of eCommerce. "Our promotional process is very time-consuming. We realized that rebuilding or enhancing our own promotion and incentive capabilities would be very expensive and take too much time. BroadVision's eMerchandising can be added to our existing site easily and quickly. It's an innovative solution that will give our customers an additional shopping incentive, and still enable us to maintain control over inventory and price. We expect to reduce development expense and time."
Value-Based Incentives
Traditionally, commerce solutions easily offer cross-selling and up-selling functionality for an administrator to associate 1+ products to create a pre-bundled selling reference or provide for very broad, non-targeted incentives. However, today's tightening economy and savvy, price-hunting shoppers create a situation where online sellers are looking for new and unique ways to increase revenues from their e-commerce sites and to differentiate their businesses from competitors that are only a click away. eMerchandising provides that solution.
Incentives delivered through eMerchandising are based on dynamic, incentive value (dollar/currency, %, BOGO, plus more), not on the behavior product recommendation tied to a product with static pairing and static messages. eMerchandising provides for limitless combinations of all the incentive schemes a merchant would require and couples that with the ability to personalize to the individual customer based on past and current behavior. The ability for one technology to dynamically message and then reconcile the complete Value-Based Incentive approach is truly innovative and powerful to the online seller and purchaser.
eMerchandising has shown to increase orders by 15%(a) with incentive messaging and dynamic, contract-based, customer-specific pricing schemes that leverage tiered- and quantity-based pricing incentives. eMerchandising comes with a Web 2.0, user-friendly interface for non-technical, merchandising managers to easily manipulate sale schemes and dynamically message additional savings to shoppers as they add more products to the cart. eMerchandising's patent-pending arbitration engine processes and messages available incentives to shoppers without impact to the site's performance. eMerchandising is available for the BroadVision(R) Commerce Agility Suite(TM) and non-BroadVision platforms.
PETCO joins other BroadVision customers, such as Epson America, in using eMerchandising to get an edge on their competitors.
"We are pleased that PETCO selected our innovative eMerchandising solution as part of its e-commerce presence enhancement," concludes Dr. Pehong Chen, President and CEO of BroadVision, Inc. "eMerchandising is a proven solution for strategic companies that want superior flexibility and cost-effective components to stay ahead of their competition in a tight economy. In the end, both PETCO and PETCO's consumers win in their purchases."
WTWO | W2 Energy Issues Corporate Status Report
Pink Sheets Penny Stock News
Jul 30, 2008 9:45:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/30/08 -- W2 Energy Inc. (PINKSHEETS: WTWO), a developer of green energy, is pleased to announce a corporate status update.
Mr. Michael McLaren reports:
Bulletin board status
The company received comments from FINRA regarding its latest submission for an OTCBB listing. The company has addressed the comments and re-submitted the application on July 22, 2008.
Frankfurt Quote
On July 15th 2008, the company de-listed its common stock from the Frankfurt exchange. The company is presently working on a fully reporting listing with a separate class of shares and different CUSIP number and expects the listing to be active within the next 120 days.
Quotations
The company continues to receive several inquires per day for our Modular Micro GTL plants. The demand for our product is increasing rapidly and we are pursuing the qualified applications. The company expects to execute on 5 more joint venture partnerships before end of 2008
Joint Venture Partnerships
W2 Energy received a purchase order from Better World Energy on July 17 2008 for US$7,900,000 the company will now issue an invoice with terms and conditions and accept a deposit of 20%, following the receipt of the deposit the company will begin the design of the 40 ton plant. Once the design plans are approved the company will receive 50% of the plant cost and then 20% upon completion of the manufacturing stage. The company will receive the last 10% prior to shipping the product overseas.
On July 22, 2008 W2 Energy received a purchase order from Cobal Chile for US$12,900,000 the company will now issue and invoice with terms and conditions and accept a deposit of 20%, following the receipt of the deposit the company will begin the design of the 40-ton plant. Once the design plans are approved, the company will receive 50% of the plant cost and then 20% upon completion of the manufacturing stage. The company will receive the last 10% prior to shipping the product from W2 Energy.
W2 Energy's plants are skid mounted and modular and flexible systems, they are manufactured and tested prior to shipping.
Technology
The company is presently pursuing a number of technologies that are complementary to our Modular Waste to Energy plants. These technologies include algae production systems, solar generators for the remote production of liquid fuel from stranded natural gas wells and stranded coal deposits.
SPNG | SpongeTech(R) Delivery Systems, Inc. Announces Corporate Update To Shareholders
OTC Penny Stocks in The News
CEO, Michael L. Metter Announces Corporate Update!
Jul 30, 2008 9:45:00 AM
NEW YORK, July 30 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG - News) CEO Michael L. Metter, is pleased to announce a Corporate Update. Management is very pleased with the acceptance of the company's products in the market place. Revenues for the first half of the company's current first quarter (June 1 thru July 15) are approximately $2,400,000 dollars and they are estimating sales of approximately $5,000,000 for the company's full first quarter ending August 31, 2008. The company's current booked orders, for all products are approximately $30,000,000. This includes both car care and pet care products.
The company's advertising campaign seems to be working well with advertisements now appearing in all 50 states as well as in Mexico and Canada. For every dollar we are investing in advertising and on infomercials, we are generating well over the industry norm of 1.6 dollars for each dollar invested. The company is also pleased to announce that over 70% of online purchases are re-ordering products. Building "brand recognition" of the SpongeTech's name through the company's existing products will prove to enhance further national brand recognition as they plan to roll-out new products this fall.
We are now in the process of dividing SpongeTech(R) into autonomous operating divisions. This will allow us to better monitor costs as well as product growth and profits. Each operating division will have a product manager reporting to the senior Chief Operating Officer. These divisions will include Car Care, Pet Care, Health Care and Beauty Products (Puddle Pals), Bio Pharma, and Household Cleaning. SpongeTech(R)'s Car Care products are now available in retail stores, such as Bashas' Supermarkets, and Rite-Aid in the Southwest, Win-Dixie Supermarkets in the South, Price Chopper thru out New England and Wal-Mart South America.
We are now in the final stages of negotiation and product packaging acceptance with some major "big box" retailers. The purchase contacts between these retailers and SpongeTech(R) prohibits us from mentioning their names until the products are in place on the store shelves. Further announcements will be made at that time should these sales be completed.
Our accountants are preparing audited financial statements for our last fiscal year, which ended on May 31, 2008. We expect these results to be released on time. We are financially healthy and are well prepared to continue our aggressive growth.
RDWG | Road Wings Funding Recipient OneFi Technology Announces Its Newest Network Deployment
Pink Sheets Penny Stock News
Jul 30, 2008 6:45:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/30/08 -- Road Wings, Inc. (PINKSHEETS: RDWG) funding recipient OneFi Technology, Inc. announced today that it has been approved and is currently installing its WiMax-WiFi communications system in the city of Villa Park, Calif. The OneFi Technology networks broadband signal will allow the citizens of Villa Park to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The network design allow for ready expansion, and Dr. AL Omran the CTO of OneFi Technology stated, "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. Ken Domer, the Villa Park City manager, was delighted to bring the OneFi Technology to his city because of certain restraints which have made it difficult for wireless access in Villa Park. Mr. Evan White, the OneFi network development director stated, "From the classroom to the boardroom, the people in Villa Park now have a new set of broadband options with the arrival of OneFi's signal coverage in Villa Park."
OneFi will also be installing its VoIP with users on a new market platform. Many residences in Villa Park only have had access to traditional landline access because of weak wireless signal with the Villa Park cellular network.
GNPI | Genius Products Expands into Music Content Through Multi-Year Distribution Agreement with Record Label Hi Fi Recordings
OTCBB Penny Stock News
Genius Products to Have Exclusive Distribution Rights for Physical and Digital Content Musical Artists Including But Not Limited to Donnie Osmond, Marie Osmond, Donnie and Marie Osmond, Melinda Doolittle, Todd Rundgren, Dionne Warwick, Smash Mouth
Jul 30, 2008 7:00:00 AM
Copyright Business Wire 2008
SANTA MONICA, Calif.--(BUSINESS WIRE)--
Genius Products, LLC, a leading independent home entertainment distribution company, today announced a multi-year distribution agreement with Hi Fi Recordings, the record label subsidiary of The Music Publishing Company of America ("MPCA"), an independent publisher founded in May 2006. Hi Fi Recordings, founded in 1995, has built a deep and profound roster of artists including Donnie Osmond, Marie Osmond, Donnie and Marie Osmond as a duo act, Melinda Doolittle, Todd Rundgren, Dionne Warwick and Smash Mouth. The history of Hi Fi Recordings boasts the releases of successful hit albums from the likes of Avril Lavigne and Spacehog among others. Now acting as the recorded music label arm of MPCA, Hi Fi Recordings is dedicated to working with marquee recording artists while also achieving synergies with its vast collection of publishing copyrights.
The announcement was made today by John Hecker, Chairman and CEO and John Titta, President and COO of MPCA and Stephen K. Bannon, Chairman and Trevor Drinkwater, President and CEO of Genius Products, Inc. (OTCBB:GNPI).
FMXL | Foamex Names Andrew A. Campbell to Board of Directors
Penny Stock News From The OTCBB
Jul 30, 2008 8:59:00 AM
Copyright Business Wire 2008
LINWOOD, Pa.--(BUSINESS WIRE)--
Foamex International Inc. (OTC:FMXL), a leading producer of polyurethane foam-based solutions and specialty comfort products, today announced that Andrew A. Campbell has been named to the Company's Board of Directors.
Gene Davis, Chairman of the Board said, "We are pleased to welcome Andy to the Foamex Board. His prior experience with Foamex and his impressive background will make him an asset to the Company and to the Audit Committee of the Board."
Mr. Campbell retired as Senior Vice President and Chief Financial Officer of Pactiv Corporation on July 1, 2008. Mr. Campbell joined Pactiv Corporation in October 1999 as Vice President and Chief Financial Officer and served as Senior Vice President and Chief Financial Officer since 2001. Prior to joining Pactiv Corporation, Mr. Campbell served as Acting Chief Financial Officer of Foamex International Inc. from May 1999 to September 1999. From July 1998 to November 1998, Mr. Campbell served as Executive Vice President, Finance and Administration and Chief Financial Officer of Dominick's Supermarkets, Inc. From April 1997 to June 1998, Mr. Campbell served as Senior Vice President, Finance and Chief Financial Officer of Safety Kleen Corporation. From June 1995 to May 1996, Mr. Campbell served as President and Director of Duplex Products, Inc. From November 1994 to May 1995, Mr. Campbell served as Vice President, Finance and Chief Financial Officer of Duplex Products, Inc. Earlier in his career, Mr. Campbell spent 18 years at General Electric Company, holding a number of senior financial and auditing positions. Mr. Campbell earned a bachelor's degree in mechanical engineering from University College, Dublin.
SOYO | SOYO Announces Its 32 Inch Plasma TV Is Now Available Nationwide At Rex TV Stores
Penny Stock News RoundUp
Jul 30, 2008 6:30:00 AM
2008 PrimeNewswire, Inc.
ONTARIO, Calif., July 30, 2008 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), today announced its 32 inch SOYO brand Plasma TV is now available in hundreds of stores nationwide and online, including Rex TV Stores and nine other sales outlets.
"Rex TV's national presence and excellent business execution were key reasons we decided to go with them as our initial sales outlet," said Harvey Schneider, Director of Sales for SOYO, "Our state-of-the-art 32 inch plasma TV will be a lower cost alternative to the current LCD technology and solves the problem many consumers have in finding a quality picture TV for small living spaces." SOYO currently has 10 sales outlets carrying its 32 inch Plasma TV, including an outlet in South America.
SOYO's management team believes the introduction of a lower cost, superior quality TV is particularly advantageous in the current market, where consumers are looking to buy quality products at a lower cost. SOYO demonstrated its Plasma Technology at the Consumer Electronics Association in January 2008 and received many accolades. The Company has also stated that it anticipates using this technology in future products.
The Manufacturer's Suggested Retail Price (MSRP) is $799.99 USD, however the estimated street price is around $499.99 USD. The TV includes a one-year limited warranty.
The 32 inch plasma TV features a 1,800:1 contrast ratio, one HDMI input and supports resolution of 480p and 720i. It also features two built-in speakers that deliver enhanced stereo surround sound, advanced imaging technology that includes Digital Noise Reduction, Digital Comb Filter and Blackness Enhancement Technology and 500 nits of brightness for a crisp and vibrant picture.
NEOP | Neoprobe 2nd Quarter Earnings Conference Call August 5th
Penny Stock News From The OTC
Conference Call Scheduled for 10:00 AM ET, Tuesday, August 5, 2008
Jul 30, 2008 3:13:00 PM
Copyright Business Wire 2008
DUBLIN, Ohio--(BUSINESS WIRE)--
Neoprobe Corporation (OTCBB: NEOP), a diversified developer of innovative oncology and cardiovascular surgical and diagnostic products, today announced it would report its financial results for the second quarter of 2008 on Monday, August 4, 2008 after the close of the financial markets. The announcement will be followed by a conference call scheduled for the following morning, Tuesday, August 5, 2008, with the investment community at 10:00 AM ET.
Neoprobe's President and CEO, David Bupp, and Vice President and CFO, Brent Larson, will provide a business update and discuss the company's results for the second quarter of 2008 during the conference call scheduled for 10:00 AM ET, Tuesday, August 5, 2008.
MICG | Microfield Group to Report 2008 Second Quarter Results August 5
More OTCBB Penny Stock News
Jul 30, 2008 4:35:00 PM
Copyright Business Wire 2008
PORTLAND, Ore.--(BUSINESS WIRE)--
Microfield Group, Inc. (OTCBB:MICG) today announced that its second quarter 2008 financial results will be issued after the market close on Tuesday August 5, 2008. The company will also hold a conference call with investors at 1:30 pm PDT on August 5, 2008.
To participate in the conference call, please dial 877-407-0781 or 201-689-8567 for international calls. A telephone replay of the conference call will be available until August 12, 2008 by calling 877-660-6853, or 201-612-7415 for international calls, and providing account number 286 and conference ID number 291877.
The live webcast of the conference call will be available through the Investor Relations section of the Microfield website (www.microfield.com). The webcast will also be available on this site for 90 days after the conference.
IMCI | Infinite Group, Inc. (IGI) Adds Key Virtualization Resource to Management Team
Penny Stock News From The OTCBB
Jul 30, 2008 8:01:00 AM
Copyright Business Wire 2008
PITTSFORD, N.Y.--(BUSINESS WIRE)--
Infinite Group, Inc. (OTCBB:IMCI) announced that IGI has promoted Jason Langone to the newly-created position of Director of Virtualization Services. Mr. Langone is responsible for the overall growth and direction of IGI's virtualization services offerings into the federal, state and local government markets, as well as the commercial sector. He also provides enterprise level architecture and design in virtualization and Active Directory.
Prior to joining IGI, Mr. Langone held senior technical positions with Charles E. Smith, Citrix Systems, Tyco Healthcare, Computershare and the U.S. Census Bureau.
"We are pleased and excited to have Mr. Langone leading our virtualization efforts," said Michael Smith, IGI's President and CEO. "Having Jason on board in this senior capacity catapults IGI to the forefront of the virtualization services market. This move reflects our continuing commitment to this market, and I can think of no one more capable of leading this key practice area than Jason Langone."
For the last six years, Mr. Langone has been heavily involved with VMware ESX/VI3 implementations for both consolidation and disaster recovery efforts. He spoke at VMWorld 2006 about his custom disaster recovery solution for a 100+ blade environment running VMware ESX/VI3, and continues to be an active member of the VMware community. In 2007, he was presented with the VMware Vanguard Award for Best Disaster Recovery Solution. Mr. Langone also founded and manages the Washington, D.C. Metro Area VMware User Group.
FFGO | Fortress Financial Group, Inc. Confirms Further Stock Repurchases
Penny Stocks In The News
Company Confirms That the Company Has Repurchased Additional "Free Trading" Shares of Its Common Stock
Jul 30, 2008 8:30:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/30/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company has repurchased additional amounts of its "free trading" shares of its Common Stock on July 28, 2008 and July 29, 2008.
The Company repurchased an additional amount of 816,000,000 shares of its "free trading" stock at prices of US$0.0005 and at US$0.0006 per share; on July 28, 2008 and on July 29, 2008, in the market. The Company will be instructing its Transfer Agent to cancel these shares of its Common Stock. This represents a further 2.53% reduction in the Company's shares of its outstanding Common Stock. These repurchases were settled in cash.
The Company had hoped to acquire at least an additional 1 billion "free trading" shares in these past two days on the weakness in the price per share; but was unsuccessful. The Company is being as prudent and as conservative as possible in respect of the price paid per share on these repurchases in order to repurchase as much of the "free float" as possible; at the lowest possible price per share.
The Company has resolved to reduced its Authorized Share Capital to that of 35 billion shares immediately.
The Company's outstanding shares of Common Stock as at July 30, 2008 are now in the amount of 31,479,377,817. This includes all the restricted shares of the Company's Common Stock.
The Company had as at July 29, 2008, reduced its outstanding shares of Common Stock by an amount of 47% in the last month.
The Company will continue to repurchase "free trading" shares of its Common Stock today, being July 30, 2008 and will continue to do so, thereafter.
The Company's Net Asset Value per share as July 23, 2008 is now in the amount of 1.6 cents (US$0.016) per share of the Company's Common Stock.
The Company intends to continue its buyback of its shares of Common Stock; and remains extremely committed to a vastly reduced number of its outstanding shares of Common Stock and a considerably diminished "free float."
The Company is filing a detailed Form 8-K with the SEC on Wednesday July 30, 2008 in respect of the share buybacks on July 28, 2008 and on July 29, 2008; as well as setting out a very detailed explanation of its calculations in respect of its Net Asset per Share.
PTSC | Patriot Scientific Announces Portfolio License Agreement With Consumer Electronics Leader Audiovox Corporation
Penny Stock News RoundUp
Jul 30, 2008 9:15:00 AM
Copyright Business Wire 2008
CARLSBAD, Calif.--(BUSINESS WIRE)--
Patriot Scientific Corp. (OTCBB: PTSC) today announced that Audiovox Corporation has purchased a Moore Microprocessor Patent(TM) (MMP) Portfolio license from The TPL group, Patriot Scientific's exclusive licensing agent. Audiovox is a leading manufacturer and marketer of mobile and consumer electronics.
The Moore Microprocessor Patent(TM) Portfolio contains intellectual property, including seven U.S. patents and patents in Europe and Japan, jointly owned by Patriot Scientific Corporation (OTCBB: PTSC) and the privately held The TPL Group. The MMP(TM) Portfolio enables enhanced performance in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices.
"Audiovox becomes the third MMP Portfolio licensee announced in the past 30 days," said Rick Goerner, Patriot Scientific President and CEO. "We're pleased that TPL/Alliacense continues to close MMP Portfolio license transactions on a global basis. More than 45 global companies in the U.S., Europe, Japan, Korea and Taiwan have purchased MMP Portfolio licenses, including industry leaders such as Fujitsi, Hewlett Packard, Direct TV, Nokia, Philips, Sony and Robert Bosch.
"The MMP portfolio patents cover techniques that enable higher performance and lower costs. These patents are fundamental to hundreds of microprocessor-based consumer and commercial products from DVD players, mobile phones and portable music players to automobile systems, communications infrastructure and medical equipment," Mr. Goerner said.
OXBO | Oxygen Biotherapeutics Announced Successful Study To be Published In Medical Journal
OTCBB Penny Stock News
Jul 30, 2008 8:50:00 AM
Copyright Business Wire 2008
COSTA MESA, Calif.--(BUSINESS WIRE)--
Oxygen Biotherapeutics, Inc. (OTCBB:OXBO) today announced that a study to be published in the August 2008 edition of the "Journal of Neurosurgery: Spine" demonstrates that Oxycyte(R) can help reduce damage caused by oxygen shortages in a spinal cord injury model. Oxycyte is the Company's perfluorocarbon (PFC) therapeutic oxygen carrier.
The investigators in the study and authors of the article are Jason L. Schroeder, M.D., Jason M. Highsmith, M.D., Harold F. Young, M.D., and Bruce E. Mathern, M.D. All are with the Department of Neurosurgery, Virginia Commonwealth University Health System in Richmond, Virginia.
Few therapies have consistently demonstrated effectiveness in preserving oxygen delivery after spinal cord injury (SCI). The researchers measured oxygen levels in rats in two studies to establish a dose response curve. The pressure of oxygen levels dissolved in the blood in spinal cord injury showed a profound drop from 21.4 to 10.4 mm Hg almost immediately post injury. In the relevant experiment, all animals that received Oxycyte combined with 100% oxygen showed significant improvement, with a mean increase in oxygen levels of 23.3 mm Hg. Only one saline-treated animal in the control group showed any benefit. Oxygen values in the group treated with Oxycyte reached up to six times the normal level.
"The laboratory investigation suggests that administration of a perfluorocarbon with the characteristics and performance of Oxycyte combined with 100% oxygen therapy can reverse tissue oxygen deficit and holds promise for reducing ischemic injury," said Bruce D. Spiess, M.D., Professor Anesthesiology and Emergency Medicine, VCURES/VCU Med Center Richmond, Virginia, and co-chair of the Oxygen Biotherapeutics Medical Advisory Board.
"Traumatic spine injury is a major cause of long-term disability for our troops in the war zones as well as 200,000 plus civilian injuries per year. If we could develop a rapid technique to salvage as much function as possible immediately after injury, this would be a major breakthrough in spine trauma. The key to tissue salvage may well be immediate oxygen delivery to tissues at risk," said Dr. Spiess.
"This is exciting news for Oxygen Biotherapeutics, Inc.," said company chairman and CEO Chris J. Stern, DBA. "We've always known what our compound is capable of. Now, this latest research shows the possibility of yet another indication for treatment with Oxycyte in addition to those we've previously discussed, potentially broadening our product portfolio. If this early research translates to humans, Oxycyte could have a significant impact on the lives of spinal cord injury victims."
The company provided the Oxycyte to the researchers at no charge but did not provide any other financial support or sponsorship.
The company also said that it is in continuing, positive communication with the FDA regarding the protocol for its proposed Phase IIb clinical trial of Oxycyte in traumatic brain injury. "The FDA is working with us and reviewing all our data," said Dr. Richard Kiral, company president, COO, and chief scientific officer. "They're asking questions and we're providing answers. The agency is doing their work very diligently and we will continue to invest the time it takes to bring this process to the outcome we all want. It is in everybody's interest to establish a fully-reviewed trial protocol that can lead our product to market."
TOFS | 247MGI, Inc. Coming to Television
Penny Stock News RoundUp
Jul 30, 2008 7:00:00 AM
Copyright Business Wire 2008
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") will be broadcasting right to your television in 1080 soon. 247MGI has been exploring ways to expand the use of its Broadcasting division without having the expense of buying airtime on cable to a limited audience.
With the launch of Video due in the coming weeks 247MGI will expand this part of the media business and offer users the ability to receive the broadcasts right on their televisions in high definition. The user will use a box similar to a cable box that will hook to their television using the video and audio inputs. Instead of a cable wire the user will need an Internet connection to the box to receive the broadcasts for viewing.
The box has other similar functions as a standard cable box and the system is expandable to offer additional channels for future programming.
247MGI will have a true broadcast network via the internet to offer clients and third parties for distribution without limitation to content, that can be viewed directly on a television no matter the size of the screen.
247MGI to hold shareholder broadcast on Smallcap Rapp(TM) Thursday July 31 at 4:05 PM EST.
SUNV | Sunovia Lights up the University of North Carolina Wilmington
Penny Stock News Around The OTC
Jul 30, 2008 9:15:00 AM
SARASOTA, Fla., July 30 /PRNewswire-FirstCall/ -- Sunovia Energy Technologies, Inc. (OTC Bulletin Board: SUNV), a renewable energy and energy conservation company, has announced the successful installation of its EvoLucia(TM) LED light engines at the University of North Carolina Wilmington. EvoLucia(TM) light engines are a total LED system solution integrating technologies proprietary to Sunovia, including LED thermal management, power conversion, and electro-optical and mechanical designs.
On July 16th, UNCW unveiled the new energy-efficient, environmentally friendly luminaires installed on the prestigious Chancellor's Walk. UNCW officials selected the Chancellor's Walk, which acts as the main pedestrian artery through campus, as the ideal location to reveal their campus-wide environmental impact program which is being implemented by UNCW Facility Manager Steve Pickard and UNCW's maintenance department.
The goals of the program include reducing energy consumption and greenhouse gas emissions. By installing Sunovia's LED lighting, UNCW will enjoy a savings of more than $50,000 over the lifetime of the lights (approximately 50,000 hours when operated 12 hours a day). Additionally, carbon emissions will be reduced by 35,812 pounds per year, or $895 in cleanup costs (based on the $50-per-ton calculation specified in the McKinsey & Company greenhouse gas emissions study).
The new 48-watt luminaires replace single 150-watt high-pressure sodium luminaries, and were selected as alternatives to the twin 175-watt metal halide luminaires the University was originally considering. Beacon Products' LED optical and integration technology, coupled with EvoLucia's(TM) aggressive research and development in LED light sources, proved the possibility of providing light levels comparable to 175-watt Metal Halide sources while consuming one-fourth the energy. The nearly half-mile lighting system consumes less than 2000 watts of electricity; comparable traditional lighting systems would consume nearly 8000 watts of electricity.
IWEB | IceWEB To Launch New Storage Appliance
OTCBB Penny Stock News
New Product Development Key to Company's Revenue Growth and Competitive Position
Jul 30, 2008 1:30:00 PM
Copyright Business Wire 2008
HERNDON, Va.--(BUSINESS WIRE)--
IceWEB, Inc.(TM) (OTCBB:IWEB) www.IceWEB.com announced today that the company has begun shipping the new ESRI(r) (www.esri.com) ArcGIS 9.3 data storage appliance. The new Appliance will ship with the upgraded proprietary InLINE 2.0 DSP Tools, which provides High-speed data ingestion and easier configuration management.
IceWEB continues its commitment to ESRI(TM) and its design of the ArcGIS(r) server appliance and storage solutions that provides for simple, cost effective ESRI(r) application systems deployment to IceWEB's clients using geographic information system (GIS). These solutions allow GIS clients to accomplish more by providing a turnkey solution for the ESRI(r) based systems. IceWEB allows the client to focus on their core requirements of performing geospatial analysis, managing spatial information efficiently, and the dissemination of relevant information via maps and Web or intranet.
IceWEB's complete line of products will be on display at the ESRI International Users Conference, in the San Diego convention center on August 5-7 at Booth 306.
Complete and effective ESRI(r) GIS environments require the provisioning and integration of a large number of sophisticated technologies and capabilities. These include appropriate ESRI software, Microsoft(r) (OS) software, applications and database software (such as Microsoft SQL Server and Oracle Spatial), as well as powerful servers and high-performing reliable storage. ArcGIS(r) server appliance and storage solutions are designed to provide a worry free integration for the GIS environment by providing all of these technologies in a preconfigured and ready to use system. IceWEB's new release now includes the InLINE 2.0 DSP Tools that provide a control panel for ease of use management and large-scale video ingestion on the fly.
SMKG | SmartCard Marketing Systems Announces Client Group Seminars
Pink Sheets Penny Stock News
Jul 30, 2008 1:00:00 PM
SAN ANTONIO, TEXAS -- (MARKET WIRE) -- 07/30/08 -- As Stated by SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) "Management is pleased to announce the implementation of Client group seminars to begin throughout the month of August until December of 2008. It has been our continued focus to bring market awareness to the business community about SmartCard Marketing Systems Inc services and solutions through our internet sites Velocitymoney.com and Velocitymerchant.com. As we continue to grow and bring on new clients our portfolio of services for the Money remittance segment has created opportunity to showcase the direct benefits of acquiring and reselling SmartCard Marketing Systems Inc services, the events being held in Montreal, Quebec August 1st 2008 by invitation to a select group of merchants and then onto Toronto, Ontario the 18th of August 2008. Further dates and locations in New York, Chicago and Florida will be confirmed within weeks to come and we invite interested businesses to contact us to attend at support@gosmartcard.com."
BMRX | bioMETRX Completes Licensing Agreement With EZ Print
OTC Penny Stock News
Jul 30, 2008 8:00:00 AM
JERICHO, N.Y., July 30 /PRNewswire-FirstCall/ -- bioMETRX Inc., (OTC Bulletin Board: BMRX), today announced that it has completed an exclusive 15 year licensing agreement with EZ Print, LLC for the advanced remote printing technology acquired through the company's Sequiam asset purchase agreement.
EZ Print, LLC will invest considerable resources to commercialize and promote the system extensively into the enterprise document production business. Currently the technology branded under the name Print It 123! facilitates remote printing capabilities to large institutions such as Florida State University, Mississippi State University, Volusia County School District and others. Print It 123! allows print shop end users to automatically centralize and route large, costly print jobs to cost efficient "low price per page" industrial printers. The system has provided significant cost benefits to customers since its launch in 2003.
"We were fortunate to find such an experienced group as EZ Print as a licensing partner for the technology. EZ Print brings over 40 years combined print industry experience to the relationship and can open the door to many established distribution channels that can benefit from the technology. EZ Print has made a commitment to drive this technology into the mainstream and turn it into a significant revenue generator," noted Lorraine Yarde, COO at bioMETRX.
Mark Irvin, COO of EZ Print, said, "We think Print It, 123! is probably the greatest print file transport / management system of which few are aware. The product is very mature and the functionality is as robust as any product available today. The ease of set up and competitive pricing of the Print It, 123! solution will enhance its position to become a major player in the print market space in the months and years to come."
"We continue to create value from the recently acquired assets of Sequiam Corporation and have focused on identifying strategic partners to assist in monetizing the assets that service markets outside of our core business model, in order to maximize the potential return," commented Mark Basile, CEO at bioMETRX.
As the global leader in consumer biometric product engineering, development and sales, bioMETRX's technology has proven to be the most dependable and robust consumer biometric platform available today. Its smartTOUCH product line is just starting to make its way into the marketplace, and the company has several new and exciting products that are expected to hit the shelves later this year.
XXIS | 141 Capital Announces Plans To Relaunch Website To Broaden Marketing Outreach
Penny Stock News From Around The Pink Sheets
Jul 30, 2008 8:31:00 AM
2008 PrimeNewswire, Inc.
CHICAGO, July 30, 2008 (PRIME NEWSWIRE) -- 141 Capital, Inc. (Pink Sheets:XXIS) has announced that the Company is currently redesigning its Web site to compliment its efforts to broaden its marketing outreach. The new Web site will be designed to better reflect the direction in which the Company is moving and demonstrate its services and will be available shortly.
141 Capital's new Web site is being designed to provide vital information about the Company and its management team. The new version of the Web site will feature detailed information about the Company and the services it offers, news and an investor relations page, all of which will be easily accessible from each page of the site.
"We are looking forward to the completion and launch of this Web site. We want to provide our shareholders with a streamlined tool that will help them stay informed about the Company's business. We also look forward to the launch of our Commodities Trading Advisor (CTA) and have every confidence that our shareholders will be pleased with the new online resource," stated Errol Stone, CEO of 141 Capital, Inc.
141 Capital will begin marketing its services to individuals and brokerages in the 3rd Quarter and soon will initiate trading derivatives for its own account to generate revenue in advance of the launching of its CTA. The Company is developing its business by trading its own funds using systems it has developed or licensed. Based on that performance, the Company will solicit investors who wish to open trading accounts and take advantage of 141 Capital's algorithmic trading systems.
UBHI | uBid.com Holdings Receives Invitation To Present At The 100th FSX Connect For Success Conference
Penny Stock News From The OTCBB
Asset Recovery Leader To Present In Chicago On The 25th Anniversary of FSX
Jul 30, 2008 8:00:00 AM
CHICAGO, July 30 /PRNewswire-FirstCall/ -- uBid.com Holdings, Inc. (OTC Bulletin Board: UBHI), a leading asset recovery solutions company for the world's most trusted brands, today announced the invitation of