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Jul 31, 2008 7:00:00 AM
Copyright Business Wire 2008
HOUSTON--(BUSINESS WIRE)--
Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), is pleased to announce that the company has executed a distributor agreement with Joseph A. Khoury & Associates. Joseph A. Khoury & Associates will distribute PetroLuxus(TM) products in Canada with its initial focus on enhanced oil recovery and well bore & production string cleanup. Other target markets include oil sands and soil remediation of Canada's Oil & Gas industry sites with environmentally friendly products.
Joseph A. Khoury & Associates was recently formed to solely distribute PetroLuxus(TM) products to Canada's large oil & gas industry. Mr. Joseph Khoury founded the company after successful testing of PetroLuxus(TM) products in various applications. Mr. Khoury has extensive contacts in Canada's Oil & Gas Industry that have previously performed due diligence testing stating that PetroLuxus(TM) products are "excellent products that should provide fantastic results."
According to Oil and Gas Journal (OGJ), "Canada had a reported 178.8 billion barrels of proven oil reserves as of January 2006, second only to Saudi Arabia. However, the bulk of these reserves (over 95%) are oil sands deposits in Alberta. The inclusion of oil sands in official reserve estimates is not without controversy, because oil sands are much more difficult to extract and process than conventional crude oil. Canada sends over 99 percent of its crude oil exports to the U.S., and it is one of the most important sources of U.S. oil imports."
HMGP | Hemi Energy Announces Well Results
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Jul 31, 2008 9:51:00 AM
Copyright Business Wire 2008
FORT WORTH, Texas--(BUSINESS WIRE)--
Hemi Energy Group, Inc. (Pink Sheets: HMGP) is pleased to announce exceptional results from the drilling and completion of the Collins Hemi 1 well.
President and CEO Keith A. Anderson is quoted as saying, "During drilling of this well I felt this was going to be an exceptionally strong well as the drill cutting were bleeding oil from the samples." Mr. Anderson continued, "The open hole log suite confirmed a Squirrel payzone that we are producing is about 13 feet thick and with top 10 feet clean sands with excellent porosity and good resistivity showing through that interval with oil saturations of 55% or greater. This was the main reason we waited so long until the weather and ground conditions cleared so that we would not have accessibility issues with this well, which is comparable to many Texas type oil and gas wells. The well is currently flowing natural gas, gas condensate and oil and is not being pumped yet. At one point we were venting significant volume of natural gas, potentially valued over $ 5,000 per day in management's opinion. In addition to the multiple payzones referred to in previous press releases, we also have discovered a yet-to-be-named 12-feet-thick payzone at approximately 600 feet deep in this well, which also contained exceptional saturations of oil. The oil well on the Collins lease has 4 to 5 times the pounds per square inch (PSI) of an average shallow oil well in southeast Kansas that generally has less than 500 PSI borehole pressure. We have 100% working interest and 80% net revenue interest in the Collins lease that is not considered a mature field and has had no prior oil production."
The Company has confirmed results that very important natural gas dissolved in water solution drive is present in this well. Therefore longer production and a slower decline curve will be much better than wells that were drilled on our mature leases that have lost most of this drive. This well will have a much longer lasting production at a higher rate because of this presence of this drive per the experience of service experts in Kansas. The current well results indicate we have found one of the strongest areas in this developing trend. With the natural gas cap in place, excessively strong reservoir pressure and very good oil shows in the formation.
Due to the results of the Hemi Collins 1 well and quality of the formation, the Company will focus on the leases it has in the immediate area, crews are now staking new drill sites and intend to drill in the area of the Collins lease as we have leases on both sides of the creek. The new Weseloh well is producing oil but needs additional completion techniques to be performed before the Company can determine its best rate of production.
An oil bbl count per day is not available yet because the exceptionally strong Hemi Collins 1 well requires more completion techniques and specialty equipment which is not normally required for shallow oil wells in Kansas. Even with the needed delays and additional cost, Hemi still has more than sufficient funds on hand to complete these new wells and all the supplies and equipment necessary for oil production from these wells. Craig L. Trieber, chief operating officer, for environmental and safety reasons, ordered new equipment necessary for this type of well. This new oil well on the Collins lease validates what the company has thought all along about the Cherry Creek and East Owl Creek oil trends.
Hemi's very artificially low market cap is substantially below book value and even below tangible asset values based on conservative oil and gas industry standards, especially when ongoing due diligence on lease values in 2 states and also North Dakota's leases are factored in. Hemi has been cash flow positive for all of 2008 and continues to be cash flow positive and meeting all normal operating expenses from oil production. In addition to its budgeted funds, Hemi is also tanking extra oil for several months more than is necessary for normal operations.
Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages Hemi has secured, in its history tens of thousands of acres of productive domestic projects.
Jul 31, 2008 9:51:00 AM
Copyright Business Wire 2008
FORT WORTH, Texas--(BUSINESS WIRE)--
Hemi Energy Group, Inc. (Pink Sheets: HMGP) is pleased to announce exceptional results from the drilling and completion of the Collins Hemi 1 well.
President and CEO Keith A. Anderson is quoted as saying, "During drilling of this well I felt this was going to be an exceptionally strong well as the drill cutting were bleeding oil from the samples." Mr. Anderson continued, "The open hole log suite confirmed a Squirrel payzone that we are producing is about 13 feet thick and with top 10 feet clean sands with excellent porosity and good resistivity showing through that interval with oil saturations of 55% or greater. This was the main reason we waited so long until the weather and ground conditions cleared so that we would not have accessibility issues with this well, which is comparable to many Texas type oil and gas wells. The well is currently flowing natural gas, gas condensate and oil and is not being pumped yet. At one point we were venting significant volume of natural gas, potentially valued over $ 5,000 per day in management's opinion. In addition to the multiple payzones referred to in previous press releases, we also have discovered a yet-to-be-named 12-feet-thick payzone at approximately 600 feet deep in this well, which also contained exceptional saturations of oil. The oil well on the Collins lease has 4 to 5 times the pounds per square inch (PSI) of an average shallow oil well in southeast Kansas that generally has less than 500 PSI borehole pressure. We have 100% working interest and 80% net revenue interest in the Collins lease that is not considered a mature field and has had no prior oil production."
The Company has confirmed results that very important natural gas dissolved in water solution drive is present in this well. Therefore longer production and a slower decline curve will be much better than wells that were drilled on our mature leases that have lost most of this drive. This well will have a much longer lasting production at a higher rate because of this presence of this drive per the experience of service experts in Kansas. The current well results indicate we have found one of the strongest areas in this developing trend. With the natural gas cap in place, excessively strong reservoir pressure and very good oil shows in the formation.
Due to the results of the Hemi Collins 1 well and quality of the formation, the Company will focus on the leases it has in the immediate area, crews are now staking new drill sites and intend to drill in the area of the Collins lease as we have leases on both sides of the creek. The new Weseloh well is producing oil but needs additional completion techniques to be performed before the Company can determine its best rate of production.
An oil bbl count per day is not available yet because the exceptionally strong Hemi Collins 1 well requires more completion techniques and specialty equipment which is not normally required for shallow oil wells in Kansas. Even with the needed delays and additional cost, Hemi still has more than sufficient funds on hand to complete these new wells and all the supplies and equipment necessary for oil production from these wells. Craig L. Trieber, chief operating officer, for environmental and safety reasons, ordered new equipment necessary for this type of well. This new oil well on the Collins lease validates what the company has thought all along about the Cherry Creek and East Owl Creek oil trends.
Hemi's very artificially low market cap is substantially below book value and even below tangible asset values based on conservative oil and gas industry standards, especially when ongoing due diligence on lease values in 2 states and also North Dakota's leases are factored in. Hemi has been cash flow positive for all of 2008 and continues to be cash flow positive and meeting all normal operating expenses from oil production. In addition to its budgeted funds, Hemi is also tanking extra oil for several months more than is necessary for normal operations.
Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages Hemi has secured, in its history tens of thousands of acres of productive domestic projects.
HGLC | Hunt Gold Considers Serious Offer
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Company Confirms It Is Considering a Very Serious Offer Which Could Lead to a Takeover of the Company
Jul 31, 2008 10:00:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/31/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed on July 29, 2008 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 can now confirm that it received, early this morning; a serious Takeover Offer for the Company.
The Board of Directors will seek external advise on this Offer and advise stockholders accordingly.
The Board is therefore now duty bound to enter into formal discussions with all of the various bidders for the Company.
Company Confirms It Is Considering a Very Serious Offer Which Could Lead to a Takeover of the Company
Jul 31, 2008 10:00:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/31/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed on July 29, 2008 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 can now confirm that it received, early this morning; a serious Takeover Offer for the Company.
The Board of Directors will seek external advise on this Offer and advise stockholders accordingly.
The Board is therefore now duty bound to enter into formal discussions with all of the various bidders for the Company.
HCPC | Heritage Capital Credit Releases 2nd Quarter Results
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Jul 31, 2008 9:15:00 AM
WILMINGTON, Del., July 31 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) today posts limited second quarter 2008 financial information on websites: http://www.heritagecapitalcreditcorp.com and on http://www.pinksheets.com.
The financial information posted represents the balance sheet and income statement, as of June 30, 2008 and for the 3 months ended June 30, 2008, respectively, for Heritage. This information has been prepared by company management from information maintained by the company management and may not comply in all respects with generally accepted accounting principles
Jul 31, 2008 9:15:00 AM
WILMINGTON, Del., July 31 /PRNewswire-FirstCall/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) today posts limited second quarter 2008 financial information on websites: http://www.heritagecapitalcreditcorp.com and on http://www.pinksheets.com.
The financial information posted represents the balance sheet and income statement, as of June 30, 2008 and for the 3 months ended June 30, 2008, respectively, for Heritage. This information has been prepared by company management from information maintained by the company management and may not comply in all respects with generally accepted accounting principles
EXPH | Expo Holdings Values Acquisition at .02 Per Share
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Jul 31, 2008 9:16:00 AM
NORTH WILKESBORO, NC -- (MARKET WIRE) -- 07/31/08 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company which wholly owns D&D Displays, Inc., is pleased to announce it has valued the Southern Candle acquisition at $0.02 per share and wishes to provide an update to shareholders.
Southern Candle, Inc. Acquisition -- Both parties have agreed to value the acquisition at $0.02 per share. The shares are restricted for a period of 1 year upon issuance. The company will also pay up to $100,000 in cash in addition to the shares. The acquisition has been priced at $2,000,000. Southern Candle, Inc. has substantial assets and little liabilities or debt. Both companies agree that $0.02 per share is a more accurate reflection of the company's value.
Jul 31, 2008 9:16:00 AM
NORTH WILKESBORO, NC -- (MARKET WIRE) -- 07/31/08 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company which wholly owns D&D Displays, Inc., is pleased to announce it has valued the Southern Candle acquisition at $0.02 per share and wishes to provide an update to shareholders.
Southern Candle, Inc. Acquisition -- Both parties have agreed to value the acquisition at $0.02 per share. The shares are restricted for a period of 1 year upon issuance. The company will also pay up to $100,000 in cash in addition to the shares. The acquisition has been priced at $2,000,000. Southern Candle, Inc. has substantial assets and little liabilities or debt. Both companies agree that $0.02 per share is a more accurate reflection of the company's value.
CYPW | Cyclone Power Teams Up With Florida Manufacturer To Develop Green Engine
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Jul 31, 2008 8:30:00 AM
POMPANO BEACH, FL -- (MARKET WIRE) -- 07/31/08 -- Cyclone Power Technologies (PINKSHEETS: CYPW) has teamed up with the Florida Manufacturing Extension Partnership (MEP) to assist the company in bringing its award-wining Cyclone Engine from prototype to production.
With their unique public and private resources, the Florida MEP team will work with Cyclone to facilitate the late-stage development of the company's eco-friendly, multi-fuel capable engine. Over the long term, the MEP will be able to assist Cyclone in developing a streamlined and state-of-the-art manufacturing facility, capable of competing in today's highly competitive environment.
"The Florida MEP will be a great partner at this stage of our growth," stated Cyclone CEO, Harry Schoell. "We believe we have a real and viable solution for today's energy and environmental crises, and with the help of the MEP, we believe we will be able to bring our engine to market sooner and more efficiently."
"Cyclone's green engine technology is very exciting for the state of Florida and for our global environment. We look forward to providing Florida MEP's expertise and assistance to the Cyclone team," said Tsila Blomberg, Florida MEP project manager.
Jul 31, 2008 8:30:00 AM
POMPANO BEACH, FL -- (MARKET WIRE) -- 07/31/08 -- Cyclone Power Technologies (PINKSHEETS: CYPW) has teamed up with the Florida Manufacturing Extension Partnership (MEP) to assist the company in bringing its award-wining Cyclone Engine from prototype to production.
With their unique public and private resources, the Florida MEP team will work with Cyclone to facilitate the late-stage development of the company's eco-friendly, multi-fuel capable engine. Over the long term, the MEP will be able to assist Cyclone in developing a streamlined and state-of-the-art manufacturing facility, capable of competing in today's highly competitive environment.
"The Florida MEP will be a great partner at this stage of our growth," stated Cyclone CEO, Harry Schoell. "We believe we have a real and viable solution for today's energy and environmental crises, and with the help of the MEP, we believe we will be able to bring our engine to market sooner and more efficiently."
"Cyclone's green engine technology is very exciting for the state of Florida and for our global environment. We look forward to providing Florida MEP's expertise and assistance to the Cyclone team," said Tsila Blomberg, Florida MEP project manager.
GNTA | Genta Incorporated To Discuss 2nd Quarter Financial Results August 7
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Jul 31, 2008 8:00:00 AM
BERKELEY HEIGHTS, N.J., July 31 /PRNewswire-FirstCall/ -- Genta Incorporated (OTC Bulletin Board: GNTA) announced today that the Company will release its second quarter 2008 financial results on Thursday, August 7, 2008. Genta management will host a conference call and live audio webcast to discuss these financial results and corporate activities at 8:00 am EDT.
Jul 31, 2008 8:00:00 AM
BERKELEY HEIGHTS, N.J., July 31 /PRNewswire-FirstCall/ -- Genta Incorporated (OTC Bulletin Board: GNTA) announced today that the Company will release its second quarter 2008 financial results on Thursday, August 7, 2008. Genta management will host a conference call and live audio webcast to discuss these financial results and corporate activities at 8:00 am EDT.
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ILNS | Intellect Neurosciences Obtains European Patent
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Jul 31, 2008 6:10:00 AM
NEW YORK, July 31 /PRNewswire-FirstCall/-- Intellect Neurosciences, Inc. (OTC Bulletin Board: ILNS) announced today it has obtained a European patent relating to the Company's ANTISENILIN(R) monoclonal antibody platform for the treatment of Alzheimer's disease. The claims of the issued patent cover the ANTISENILIN(R) "free-end specific" antibodies that bind to beta amyloid and use of the antibodies in preventing or inhibiting the progression of Alzheimer's disease. The technology is designed to promote the clearance of beta amyloid which accumulates to reach toxic concentrations in the brains of Alzheimer's patients while reducing the potential for adverse side-effects. Importantly, such drugs avoid binding and thereby potentially interfering with the functions of the Amyloid Precursor Protein, which is an important physiological regulator in the body implicated in controlling essential brain functions as well as blood coagulation. The Company recently disclosed that it has granted a royalty-bearing license to Wyeth and Elan Pharma International Ltd. regarding patents and patent applications related to antibodies and methods of treatment for Alzheimer's disease, including Bapineuzumab, currently in Phase 3 clinical trials. The Company retains the ability to grant additional licenses under its ANTISENILIN(R) monoclonal antibody technology invented by Dr. Daniel Chain, the Company's Chairman and CEO. The ANTISENILIN(R) patents have previously issued in China, Japan and other countries.
Jul 31, 2008 6:10:00 AM
NEW YORK, July 31 /PRNewswire-FirstCall/-- Intellect Neurosciences, Inc. (OTC Bulletin Board: ILNS) announced today it has obtained a European patent relating to the Company's ANTISENILIN(R) monoclonal antibody platform for the treatment of Alzheimer's disease. The claims of the issued patent cover the ANTISENILIN(R) "free-end specific" antibodies that bind to beta amyloid and use of the antibodies in preventing or inhibiting the progression of Alzheimer's disease. The technology is designed to promote the clearance of beta amyloid which accumulates to reach toxic concentrations in the brains of Alzheimer's patients while reducing the potential for adverse side-effects. Importantly, such drugs avoid binding and thereby potentially interfering with the functions of the Amyloid Precursor Protein, which is an important physiological regulator in the body implicated in controlling essential brain functions as well as blood coagulation. The Company recently disclosed that it has granted a royalty-bearing license to Wyeth and Elan Pharma International Ltd. regarding patents and patent applications related to antibodies and methods of treatment for Alzheimer's disease, including Bapineuzumab, currently in Phase 3 clinical trials. The Company retains the ability to grant additional licenses under its ANTISENILIN(R) monoclonal antibody technology invented by Dr. Daniel Chain, the Company's Chairman and CEO. The ANTISENILIN(R) patents have previously issued in China, Japan and other countries.
FFGO | Private Equity Group Intends To Acquire 51% Of Outstanding Stock
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Company Confirms It Has Been Advised That a Private Equity Group Intends to Acquire 51% of the Company's Outstanding Stock
Jul 31, 2008 11:31:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/31/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has been inundated with requests for information following certain statements in respect to a Private Equity Group acquiring up to 51% of this Company's shares of Common Stock.
We can confirm that this is now extremely likely, as a number of substantial restricted stockholders have confirmed to us this morning that they have sold their shares to this Private Equity Group today. We calculate that they will be in a position to obtain 51% of this Company by Monday August 4, 2008, if not before. It appears that this Private Equity Group has built up a substantial position of the Company's "free trading" stock over a period of some time.
The CEO and controlling stockholder of the Private Equity Group has confirmed that Alan Santini will remain as CEO of Fortress Financial Group, Inc. and that the Extraordinary Stock Dividend will proceed as announced. This is a pure "value play" for this Private Equity Group.
There is now little doubt that the same Private Equity Group intends to mount a takeover bid for Hunt Gold Corporation.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented that they have his full support and that he was extremely comfortable with having a supportive controlling stockholder with deep pockets. Alan Santini added that the CEO and controlling stockholder of the Private Equity Group was well known to him for a long period of time and enjoyed his full trust and respect.
Stockholders can expect to see a number of Form 13(d) filings from this Private Equity Group being filed with SEC within the allotted ten day period as they build up their stake in the Company.
Company Confirms It Has Been Advised That a Private Equity Group Intends to Acquire 51% of the Company's Outstanding Stock
Jul 31, 2008 11:31:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 07/31/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) has been inundated with requests for information following certain statements in respect to a Private Equity Group acquiring up to 51% of this Company's shares of Common Stock.
We can confirm that this is now extremely likely, as a number of substantial restricted stockholders have confirmed to us this morning that they have sold their shares to this Private Equity Group today. We calculate that they will be in a position to obtain 51% of this Company by Monday August 4, 2008, if not before. It appears that this Private Equity Group has built up a substantial position of the Company's "free trading" stock over a period of some time.
The CEO and controlling stockholder of the Private Equity Group has confirmed that Alan Santini will remain as CEO of Fortress Financial Group, Inc. and that the Extraordinary Stock Dividend will proceed as announced. This is a pure "value play" for this Private Equity Group.
There is now little doubt that the same Private Equity Group intends to mount a takeover bid for Hunt Gold Corporation.
Alan Santini, the CEO of Fortress Financial Group, Inc., commented that they have his full support and that he was extremely comfortable with having a supportive controlling stockholder with deep pockets. Alan Santini added that the CEO and controlling stockholder of the Private Equity Group was well known to him for a long period of time and enjoyed his full trust and respect.
Stockholders can expect to see a number of Form 13(d) filings from this Private Equity Group being filed with SEC within the allotted ten day period as they build up their stake in the Company.
RPTN | Raptor Network Technology To Receive $1,250,000 In Financing
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Jul 31, 2008 9:00:00 AM
SANTA ANA, Calif., July 31 /PRNewswire-FirstCall/ -- Raptor Networks Technology, Inc. (OTC Bulletin Board: RPTN), provider of the world's first distributed network switching architectures, today announced the completion of a private placement transaction with three institutional investors. The terms of the transaction, which closed today, include the issuance of senior secured convertible notes, warrants, and shares of the Company's common stock for aggregate gross proceeds of $1,250,000. The Company intends to use these funds for general corporate purposes. The Company plans to file the transaction documents, which contain additional detailed information regarding the financing, with the Securities and Exchange Commission after the market closing.
In light of a slower than expected growth in revenue, and as disclosed in the Company's previous public filings, a range of business alternatives focused on preserving enterprise value, including strategic partnerships, licensing and shifting the Company from an operating to a licensing model have been under consideration, should they become necessary. Our independent auditors have questioned our ability to continue as a going concern in our Annual Report for the period ended December 31, 2007 and before, and as we closely monitor the performance of our sales initiatives over the coming months, this financing affords us the time to carefully weigh and consider a broad range of options for the Company's future.
Jul 31, 2008 9:00:00 AM
SANTA ANA, Calif., July 31 /PRNewswire-FirstCall/ -- Raptor Networks Technology, Inc. (OTC Bulletin Board: RPTN), provider of the world's first distributed network switching architectures, today announced the completion of a private placement transaction with three institutional investors. The terms of the transaction, which closed today, include the issuance of senior secured convertible notes, warrants, and shares of the Company's common stock for aggregate gross proceeds of $1,250,000. The Company intends to use these funds for general corporate purposes. The Company plans to file the transaction documents, which contain additional detailed information regarding the financing, with the Securities and Exchange Commission after the market closing.
In light of a slower than expected growth in revenue, and as disclosed in the Company's previous public filings, a range of business alternatives focused on preserving enterprise value, including strategic partnerships, licensing and shifting the Company from an operating to a licensing model have been under consideration, should they become necessary. Our independent auditors have questioned our ability to continue as a going concern in our Annual Report for the period ended December 31, 2007 and before, and as we closely monitor the performance of our sales initiatives over the coming months, this financing affords us the time to carefully weigh and consider a broad range of options for the Company's future.
OOIL | OriginOil Files For International Patent
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Company Seeks Worldwide Protection for Its Technology to Improve Efficiency of Algae Oil Production
Jul 31, 2008 5:00:00 AM
Copyright Business Wire 2008
LOS ANGELES--(BUSINESS WIRE)--
OriginOil, Inc. (OTCBB:OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, has recently deposited an international PCT patent application pursuant to last year's filing of United States patent application 11/829,883 with the United States Patent Office. The international application is related to OriginOil's first patent application to optimize the growth and harvesting of algae cells.
The application titled, "Algae Growth System for Oil Production," discloses OriginOil's proprietary system and industrial process whereby microalgae can be grown and harvested rapidly to extract algae oil for fuel and chemical production. This technology is branded Quantum Fracturing(TM).
"We have tremendous opportunities outside the United States," said Riggs Eckelberry, CEO. "In the past year, we have received hundreds of inquiries from potential partner and customer companies worldwide, some of them multi-national in size. The international protection of our intellectual property will allow us to follow up on those opportunities and help the world industrialize the production of algae for renewable oil."
Company Seeks Worldwide Protection for Its Technology to Improve Efficiency of Algae Oil Production
Jul 31, 2008 5:00:00 AM
Copyright Business Wire 2008
LOS ANGELES--(BUSINESS WIRE)--
OriginOil, Inc. (OTCBB:OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, has recently deposited an international PCT patent application pursuant to last year's filing of United States patent application 11/829,883 with the United States Patent Office. The international application is related to OriginOil's first patent application to optimize the growth and harvesting of algae cells.
The application titled, "Algae Growth System for Oil Production," discloses OriginOil's proprietary system and industrial process whereby microalgae can be grown and harvested rapidly to extract algae oil for fuel and chemical production. This technology is branded Quantum Fracturing(TM).
"We have tremendous opportunities outside the United States," said Riggs Eckelberry, CEO. "In the past year, we have received hundreds of inquiries from potential partner and customer companies worldwide, some of them multi-national in size. The international protection of our intellectual property will allow us to follow up on those opportunities and help the world industrialize the production of algae for renewable oil."
NTRZ | Nutra Care To Release 2nd Quarter Results August 11
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All Construction Projects Are on Schedule
Jul 31, 2008 8:00:00 AM
PHOENIX, July 31 /PRNewswire-FirstCall/ -- NutraCea (OTC Bulletin Board: NTRZ), a world leader in stabilized rice bran (SRB), nutrient research and technology, announced today that it will release its second quarter results on Monday, August 11, 2008, after market close.
Management will host a conference call at 5:30 p.m. ET on Monday, August 11 to review second quarter financial results. Interested parties should dial 800-257-1927. International callers should dial 303-262-2138
The call is also available via a Webcast that can be accessed at: http://www.investorcalendar.com/IC/CEPage.asp?ID=132444 and will be archived for 30 days.
The Company previously provided guidance on the first quarter conference call May 12, 2008 for revenues for the second quarter to be between $9 and $10 million. The Company is pleased to report that it will meet or exceed this guidance for the second quarter and that all of its previously announced construction projects are on schedule.
Management is continuing to evaluate various financing options available to them to fund the construction of the world's largest rice bran oil refinery in China and expects to announce the appropriate financing option before September 30, 2008.
All Construction Projects Are on Schedule
Jul 31, 2008 8:00:00 AM
PHOENIX, July 31 /PRNewswire-FirstCall/ -- NutraCea (OTC Bulletin Board: NTRZ), a world leader in stabilized rice bran (SRB), nutrient research and technology, announced today that it will release its second quarter results on Monday, August 11, 2008, after market close.
Management will host a conference call at 5:30 p.m. ET on Monday, August 11 to review second quarter financial results. Interested parties should dial 800-257-1927. International callers should dial 303-262-2138
The call is also available via a Webcast that can be accessed at: http://www.investorcalendar.com/IC/CEPage.asp?ID=132444 and will be archived for 30 days.
The Company previously provided guidance on the first quarter conference call May 12, 2008 for revenues for the second quarter to be between $9 and $10 million. The Company is pleased to report that it will meet or exceed this guidance for the second quarter and that all of its previously announced construction projects are on schedule.
Management is continuing to evaluate various financing options available to them to fund the construction of the world's largest rice bran oil refinery in China and expects to announce the appropriate financing option before September 30, 2008.
ADTR | Alliance Distributors Releases 2008 2nd Quarter Results
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Jul 31, 2008 9:00:00 AM
NEW YORK, July 31 /PRNewswire-FirstCall/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor of interactive video games and gaming products, today announced its financial results for the second quarter ended June 30, 2008.
Net sales for the quarter increased 64% to $20.5 million from $12.5 million in the second quarter of 2007. Net income was $253,000 in the second quarter of 2008, compared to a net loss of $892,000 in the second quarter of 2007.
For the six months ended June 30, 2008, net sales increased 51% to $43.4 million, compared to $28.8 million for the same period in 2007. Net income was $285,000 for the six months ended June 30, 2008 compared to a net loss of $1.5 million for the comparable period in 2007.
Jay Gelman, Chairman and Chief Executive Officer, said "We are pleased with our continued growth especially during this period of general economic uncertainty. We achieved profitability in the most challenging part of the year in the video game industry, and have now delivered positive earnings in three consecutive quarters."
Jul 31, 2008 9:00:00 AM
NEW YORK, July 31 /PRNewswire-FirstCall/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor of interactive video games and gaming products, today announced its financial results for the second quarter ended June 30, 2008.
Net sales for the quarter increased 64% to $20.5 million from $12.5 million in the second quarter of 2007. Net income was $253,000 in the second quarter of 2008, compared to a net loss of $892,000 in the second quarter of 2007.
For the six months ended June 30, 2008, net sales increased 51% to $43.4 million, compared to $28.8 million for the same period in 2007. Net income was $285,000 for the six months ended June 30, 2008 compared to a net loss of $1.5 million for the comparable period in 2007.
Jay Gelman, Chairman and Chief Executive Officer, said "We are pleased with our continued growth especially during this period of general economic uncertainty. We achieved profitability in the most challenging part of the year in the video game industry, and have now delivered positive earnings in three consecutive quarters."
SUTM | Sun-Times Media To Release 2nd Quarter Results August 7th
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Jul 31, 2008 10:00:00 AM
Copyright Business Wire 2008
CHICAGO--(BUSINESS WIRE)--
Sun-Times Media Group, Inc. (OTCBB:SUTM) today announced that it will release its financial and operating results for the quarter ended June 30, 2008 on Thursday, August 7, 2008, after market close.
About Sun-Times Media Group
Sun-Times Media Group, Inc. is dedicated to being the premier source of local news and information for the greater Chicago area. Its media properties include the Chicago Sun-Times and Suntimes.com as well as newspapers and Web sites serving more than 200 communities across Chicago. Further information can be found at http://www.thesuntimesgroup.com.
Jul 31, 2008 10:00:00 AM
Copyright Business Wire 2008
CHICAGO--(BUSINESS WIRE)--
Sun-Times Media Group, Inc. (OTCBB:SUTM) today announced that it will release its financial and operating results for the quarter ended June 30, 2008 on Thursday, August 7, 2008, after market close.
About Sun-Times Media Group
Sun-Times Media Group, Inc. is dedicated to being the premier source of local news and information for the greater Chicago area. Its media properties include the Chicago Sun-Times and Suntimes.com as well as newspapers and Web sites serving more than 200 communities across Chicago. Further information can be found at http://www.thesuntimesgroup.com.
SKNY | Skinny Water Winners Receive Week Of Fun In The Sun
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Two winners enjoy a free week at the Skinny Beach House in Sea Isle City, N.J.
Jul 31, 2008 10:00:00 AM
Copyright Business Wire 2008
BALA CYNWYD, Pa.--(BUSINESS WIRE)--
Skinny Nutritional Corp. (OTCBB:SKNY), will be handing over the keys to two winners of the Skinny Water(R) Beach House contest, Kammie Kirkpatrick and Heather Sabatino. Skinny Nutritional, Wired 96.5, and Lukoil all partnered to bring Philadelphia area residents a chance to win a free week-long vacation in the Skinny Water Beach House.
Kammie entered the Skinny Water Beach House Give-A-Way at her local Lukoil station after tasting her first bottle of Skinny Water in June. She was selected among hundreds of other Skinny Water Beach House Give-A-Way contestants.
"I never thought drinking Skinny Water would get me a free vacation," says Kammie. "My family and I are so excited. Skinny Water has already become a part of my daily life, and now it's my vacation. I eat my three meals a day and I drink Skinny Water in between. I never forget it. I even carry one around in my purse."
Kammie discovered Skinny Water while searching for a zero-calorie flavored beverage. Since making Skinny Water a part of her daily routine, Kammie lost nine pounds and gained a free vacation house.
And Heather Sabatino will be taking over the Skinny house in August. Heather heard about Skinny Water through 96.5 and wanted to try it for herself. Since first tasting Skinny Water while filling up at gas at her local Lukoil, station last month, Heather has lost 12 pounds, and Skinny Water has become part of her everyday diet.
"I've never won anything in my life, so winning a beach house was a big surprise," says Heather. "Skinny Water is a great new product out there and absolutely the reason I'm losing weight and eating less. It's my new beverage of choice."
The Skinny Water lineup features five flavors, including Acai Grape Blueberry (Hi-Energy), Raspberry Pomegranate (Crave Control), Goji Fruit Punch (Shape), Passionfruit Lemonade (Total-V), and Peach Mango Mandarin (XXX-Detox). Every bottle of Skinny Water has clinically proven ingredients to boost metabolism and control appetite.
Two winners enjoy a free week at the Skinny Beach House in Sea Isle City, N.J.
Jul 31, 2008 10:00:00 AM
Copyright Business Wire 2008
BALA CYNWYD, Pa.--(BUSINESS WIRE)--
Skinny Nutritional Corp. (OTCBB:SKNY), will be handing over the keys to two winners of the Skinny Water(R) Beach House contest, Kammie Kirkpatrick and Heather Sabatino. Skinny Nutritional, Wired 96.5, and Lukoil all partnered to bring Philadelphia area residents a chance to win a free week-long vacation in the Skinny Water Beach House.
Kammie entered the Skinny Water Beach House Give-A-Way at her local Lukoil station after tasting her first bottle of Skinny Water in June. She was selected among hundreds of other Skinny Water Beach House Give-A-Way contestants.
"I never thought drinking Skinny Water would get me a free vacation," says Kammie. "My family and I are so excited. Skinny Water has already become a part of my daily life, and now it's my vacation. I eat my three meals a day and I drink Skinny Water in between. I never forget it. I even carry one around in my purse."
Kammie discovered Skinny Water while searching for a zero-calorie flavored beverage. Since making Skinny Water a part of her daily routine, Kammie lost nine pounds and gained a free vacation house.
And Heather Sabatino will be taking over the Skinny house in August. Heather heard about Skinny Water through 96.5 and wanted to try it for herself. Since first tasting Skinny Water while filling up at gas at her local Lukoil, station last month, Heather has lost 12 pounds, and Skinny Water has become part of her everyday diet.
"I've never won anything in my life, so winning a beach house was a big surprise," says Heather. "Skinny Water is a great new product out there and absolutely the reason I'm losing weight and eating less. It's my new beverage of choice."
The Skinny Water lineup features five flavors, including Acai Grape Blueberry (Hi-Energy), Raspberry Pomegranate (Crave Control), Goji Fruit Punch (Shape), Passionfruit Lemonade (Total-V), and Peach Mango Mandarin (XXX-Detox). Every bottle of Skinny Water has clinically proven ingredients to boost metabolism and control appetite.
PURO | Purio, Inc Completes Move
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PURO is trading up today after releasing the following news:
Jul 31, 2008 7:00:00 AM
BLAINE, WA -- (MARKET WIRE) -- 07/31/08 -- Purio Inc. (OTCBB: PURO) is pleased to announce that it has completed the move of its compact mobile water treatment system to its first demonstration location.
"Our preliminary mechanical testing of the new unit was completed to our total satisfaction with all systems functioning superbly," says Earl Switenky, spokesmen for Purio.
"As planned, our first demonstration is designed to produce drinking water. The unit will be drawing water from a stagnant and polluted pond formerly used to water livestock," says Leonard Girard chief science officer for Purio. "This water certainly is unsuitable for human consumption as is, and this demonstration is designed to prove our unit's ability to produce safe drinking water from such sources economically."
Purio will be submitting water samples to recognized testing laboratories and reporting the results.
In the coming weeks the unit will be moved to a municipal location that will provide an ideal demonstration of the unit's capability to clarify and sanitize residential waste water for recycling purposes.
PURO is trading up today after releasing the following news:
Jul 31, 2008 7:00:00 AM
BLAINE, WA -- (MARKET WIRE) -- 07/31/08 -- Purio Inc. (OTCBB: PURO) is pleased to announce that it has completed the move of its compact mobile water treatment system to its first demonstration location.
"Our preliminary mechanical testing of the new unit was completed to our total satisfaction with all systems functioning superbly," says Earl Switenky, spokesmen for Purio.
"As planned, our first demonstration is designed to produce drinking water. The unit will be drawing water from a stagnant and polluted pond formerly used to water livestock," says Leonard Girard chief science officer for Purio. "This water certainly is unsuitable for human consumption as is, and this demonstration is designed to prove our unit's ability to produce safe drinking water from such sources economically."
Purio will be submitting water samples to recognized testing laboratories and reporting the results.
In the coming weeks the unit will be moved to a municipal location that will provide an ideal demonstration of the unit's capability to clarify and sanitize residential waste water for recycling purposes.
TEWI | Titan Energy Delivers Two Sentry 5000(TM) Mobile Utility Systems
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Jul 31, 2008 9:00:00 AM
MINNEAPOLIS, MN -- (MARKET WIRE) -- 07/31/08 -- Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in manufacturing, marketing and servicing of energy generation products and services, announced today that its subsidiary, Titan Energy Development, has delivered two Sentry 5000(TM) Mobile Utility Systems to its new National Distribution Network. These units are being deployed to regional distribution partners in two key markets of New York City and the Louisiana Gulf Coast region.
According to Dean Pellegata, Business Development Manager for Titan Energy, "As production is ramping up, these Sentry units are arriving at a critical time just ahead of the season's first string of hurricanes when the gulf coast region is acutely focused on disaster readiness. Timing of the Sentry unit's introduction to this target market is ideal to accelerate awareness and business opportunities as local emergency responders take inventory and amplify their disaster response capabilities."
Earlier this year, Titan Energy singed a distribution agreement with Katolight, one of the largest manufacturers of power generation equipment in North America. As part of this agreement to market the Sentry 5000 throughout the US and Canada, selected Katolight distributors are acquiring Sentry 5000 units as inventory for demonstration and marketing purposes. These initial units will be displayed and demonstrated for potential customers in two key areas often hit by natural and manmade disasters.
Jul 31, 2008 9:00:00 AM
MINNEAPOLIS, MN -- (MARKET WIRE) -- 07/31/08 -- Titan Energy Worldwide, Inc. (OTCBB: TEWI), a leader in manufacturing, marketing and servicing of energy generation products and services, announced today that its subsidiary, Titan Energy Development, has delivered two Sentry 5000(TM) Mobile Utility Systems to its new National Distribution Network. These units are being deployed to regional distribution partners in two key markets of New York City and the Louisiana Gulf Coast region.
According to Dean Pellegata, Business Development Manager for Titan Energy, "As production is ramping up, these Sentry units are arriving at a critical time just ahead of the season's first string of hurricanes when the gulf coast region is acutely focused on disaster readiness. Timing of the Sentry unit's introduction to this target market is ideal to accelerate awareness and business opportunities as local emergency responders take inventory and amplify their disaster response capabilities."
Earlier this year, Titan Energy singed a distribution agreement with Katolight, one of the largest manufacturers of power generation equipment in North America. As part of this agreement to market the Sentry 5000 throughout the US and Canada, selected Katolight distributors are acquiring Sentry 5000 units as inventory for demonstration and marketing purposes. These initial units will be displayed and demonstrated for potential customers in two key areas often hit by natural and manmade disasters.
PDOS | Platinum Studios Announces Relaunch Of WOWIO
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New features expand the reach of the web's innovative ebook distribution company
Jul 31, 2008 9:00:00 AM
Copyright Business Wire 2008
LOS ANGELES--(BUSINESS WIRE)--
Platinum Studios, Inc. (OTCBB:PDOS), an entertainment company that controls an international library of more than 5,600 comic book characters which it adapts, produces and licenses for all forms of media, announced today the global relaunch of WOWIO, an innovative digital ebook distributor recently acquired by Platinum Studios as part of its digital distribution initiative. WOWIO was founded with the vision of giving readers access to an immense library of ebook titles free of charge. Platinum's acquisition extends that vision today by launching an expanded set of offerings and new features at www.WOWIO.com.
New features expand the reach of the web's innovative ebook distribution company
Jul 31, 2008 9:00:00 AM
Copyright Business Wire 2008
LOS ANGELES--(BUSINESS WIRE)--
Platinum Studios, Inc. (OTCBB:PDOS), an entertainment company that controls an international library of more than 5,600 comic book characters which it adapts, produces and licenses for all forms of media, announced today the global relaunch of WOWIO, an innovative digital ebook distributor recently acquired by Platinum Studios as part of its digital distribution initiative. WOWIO was founded with the vision of giving readers access to an immense library of ebook titles free of charge. Platinum's acquisition extends that vision today by launching an expanded set of offerings and new features at www.WOWIO.com.
GWSI | GWS Technologies To Distribute Wind Turbines
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Jul 31, 2008 8:00:00 AM
Copyright Business Wire 2008
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
GWS Technologies, Inc., (OTCBB: GWSI) an alternative energy company developing and marketing microgeneration solar and wind-powered renewable energy products and solutions, today announced that it has entered into an agreement with Calgary-based Windterra Systems, Inc. to distribute Windterra's revolutionary ECO1200 Vertical Axis Wind Turbine (VAWT). The ECO 1200 will be the first in a family of wind turbines designed specifically for roof top residential and light industrial use.
"Windterra is developing a line of small wind turbines that are affordable, easy to install, and are designed to generate power even at low wind speeds. The addition of Windterra's ECO 1200 to our product line helps us secure our position in the microgeneration power market," said GWS Technologies Vice President Michael Coskun.
Approximately 1.5 pounds of CO2 are emitted for every kilowatt-hour (the energy equal to the use of one kilowatt in one hour, or kWh) generated domestically. Windterra estimates that the ECO 1200 will produce about 1642 kWh a year in a micro-wind of only 5m/sec (11.18 mph), reducing the average home carbon footprint by 2,463 lbs (well over a ton) of CO2 per year. One of the fastest growing segments of the power sector, wind generation capacity is expected to more than double between 2006 and 2011 worldwide.
"Our roof-mounted small-wind turbine systems give homeowners and other small-application users the ability to generate their own safe, inexpensive, emissions-free power by harnessing an abundant, renewable and freely available energy source, the wind," said Yanni Kalajakis, Director of U.S. Market Development for Windterra. "We're excited to be working with GWS Technologies to bring our products into new markets where wind power is an untapped resource."
Jul 31, 2008 8:00:00 AM
Copyright Business Wire 2008
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
GWS Technologies, Inc., (OTCBB: GWSI) an alternative energy company developing and marketing microgeneration solar and wind-powered renewable energy products and solutions, today announced that it has entered into an agreement with Calgary-based Windterra Systems, Inc. to distribute Windterra's revolutionary ECO1200 Vertical Axis Wind Turbine (VAWT). The ECO 1200 will be the first in a family of wind turbines designed specifically for roof top residential and light industrial use.
"Windterra is developing a line of small wind turbines that are affordable, easy to install, and are designed to generate power even at low wind speeds. The addition of Windterra's ECO 1200 to our product line helps us secure our position in the microgeneration power market," said GWS Technologies Vice President Michael Coskun.
Approximately 1.5 pounds of CO2 are emitted for every kilowatt-hour (the energy equal to the use of one kilowatt in one hour, or kWh) generated domestically. Windterra estimates that the ECO 1200 will produce about 1642 kWh a year in a micro-wind of only 5m/sec (11.18 mph), reducing the average home carbon footprint by 2,463 lbs (well over a ton) of CO2 per year. One of the fastest growing segments of the power sector, wind generation capacity is expected to more than double between 2006 and 2011 worldwide.
"Our roof-mounted small-wind turbine systems give homeowners and other small-application users the ability to generate their own safe, inexpensive, emissions-free power by harnessing an abundant, renewable and freely available energy source, the wind," said Yanni Kalajakis, Director of U.S. Market Development for Windterra. "We're excited to be working with GWS Technologies to bring our products into new markets where wind power is an untapped resource."
GPXM | Golden Phoenix Minerals Announces Video Presentation
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Jul 31, 2008 5:00:00 AM
SPARKS, Nev., July 31 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce the release of an interactive video presentation spotlight featuring CEO David Caldwell available for viewing via the following link: http://www.nettv.tv/goldenphoenix/.
Based in the United Kingdom, NetTV.tv is quickly becoming one of the Web's premiere corporate television sites and search engines. This spotlight on Golden Phoenix features a series of short, professionally produced video clips that provide the viewer with a detailed overview of the Company, its operations, management team, project specifics and long-term potential.
Jul 31, 2008 5:00:00 AM
SPARKS, Nev., July 31 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce the release of an interactive video presentation spotlight featuring CEO David Caldwell available for viewing via the following link: http://www.nettv.tv/goldenphoenix/.
Based in the United Kingdom, NetTV.tv is quickly becoming one of the Web's premiere corporate television sites and search engines. This spotlight on Golden Phoenix features a series of short, professionally produced video clips that provide the viewer with a detailed overview of the Company, its operations, management team, project specifics and long-term potential.
FUTR | Future Now Group Test New Software WIth Clients
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Jul 31, 2008 8:00:00 AM
FAIRFIELD, CT -- (MARKET WIRE) -- 07/31/08 -- Future Now Group, Inc. (OTCBB: FUTR) ("FutureNow"), a recognized authority in online marketing optimization, today announced that it has started alpha testing with clients its new web-based subscription service that will be made available in a commercial beta release early this fall. FutureNow has given the service a code name "Dr. Phil" and is not disclosing the name to the market yet.
Bryan Eisenberg, EVP of FutureNow, said, "Customers will buy subscriptions to a web-based expert software-as-service system for continuous improvement of their online revenue goals. We solve the huge problem of how to prioritize and project manage online marketing optimization so that customers' existing resources are focused on the changes that will have the largest revenue impact. We've been doing this for ten years, nobody else matches that level of experience."
Jeffrey Eisenberg, CEO of FutureNow, said, "With the broad adoption of web analytics & testing tools, companies are now able to see how the vast majority of their website visitors simply aren't achieving the goals they planned for those visitors. 'Dr. Phil' takes these companies to a whole new level by being the only system capable of uncovering the specific problems and recommending the specific changes needed to fix them."
Dr. Phil doesn't replace any web analytics, testing or other marketing tool customers use today and it's not consulting-based either. The software complements the resources good marketers already employ. In fact, FutureNow expects many agencies and other resale partner channels to enthusiastically embrace a co-branded offering. It is a win-win for them and for their clients to have the expertise of FutureNow readily available on their clients' desktop. FutureNow partners will implement on behalf their clients the most efficient and impactful improvements to their clients' online marketing campaigns so that they achieve the highest ROI.
Jeffrey Eisenberg added, "FutureNow will be rolling out solutions for business to consumer, business to business, retail and lead generation businesses at various price levels. The goal is not only to make actionable analysis and superb recommendations available on demand to our current audience (larger companies) but also to offer it at price points that make it a must-have-service for small to medium size businesses. This will allow us to scale our business tremendously."
Jul 31, 2008 8:00:00 AM
FAIRFIELD, CT -- (MARKET WIRE) -- 07/31/08 -- Future Now Group, Inc. (OTCBB: FUTR) ("FutureNow"), a recognized authority in online marketing optimization, today announced that it has started alpha testing with clients its new web-based subscription service that will be made available in a commercial beta release early this fall. FutureNow has given the service a code name "Dr. Phil" and is not disclosing the name to the market yet.
Bryan Eisenberg, EVP of FutureNow, said, "Customers will buy subscriptions to a web-based expert software-as-service system for continuous improvement of their online revenue goals. We solve the huge problem of how to prioritize and project manage online marketing optimization so that customers' existing resources are focused on the changes that will have the largest revenue impact. We've been doing this for ten years, nobody else matches that level of experience."
Jeffrey Eisenberg, CEO of FutureNow, said, "With the broad adoption of web analytics & testing tools, companies are now able to see how the vast majority of their website visitors simply aren't achieving the goals they planned for those visitors. 'Dr. Phil' takes these companies to a whole new level by being the only system capable of uncovering the specific problems and recommending the specific changes needed to fix them."
Dr. Phil doesn't replace any web analytics, testing or other marketing tool customers use today and it's not consulting-based either. The software complements the resources good marketers already employ. In fact, FutureNow expects many agencies and other resale partner channels to enthusiastically embrace a co-branded offering. It is a win-win for them and for their clients to have the expertise of FutureNow readily available on their clients' desktop. FutureNow partners will implement on behalf their clients the most efficient and impactful improvements to their clients' online marketing campaigns so that they achieve the highest ROI.
Jeffrey Eisenberg added, "FutureNow will be rolling out solutions for business to consumer, business to business, retail and lead generation businesses at various price levels. The goal is not only to make actionable analysis and superb recommendations available on demand to our current audience (larger companies) but also to offer it at price points that make it a must-have-service for small to medium size businesses. This will allow us to scale our business tremendously."
TRGD | Tara Gold Reports First Gold Pour In Mexico
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Jul 31, 2008 10:48:00 AM
CHICAGO, IL -- (MARKET WIRE) -- 07/31/08 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce the first gold doré has been poured at the Lluvia de Oro project in Sonora State, Mexico.
Tara Gold Resources signed an agreement with NWM Mining Corporation (formerly known as Columbia Metals Corporation), whereby NWM Mining can acquire 100% interest, subject to Tara's ongoing 20% Net Cash Flow interest from the processing plant, by making payments totaling $4,337,500, and issuing 1,000,000 shares to Tara Gold. NWM Mining is the operator of the project and provided this update in their news release of July 31, 2008.
The Lluvia de Oro project is located near Santa Ana in Sonora State, just south of the US border with Mexico and contains 43-101 compliant gold resources. A copy of the 43-101 report is available at http://TaraGoldResources.com.
Jul 31, 2008 10:48:00 AM
CHICAGO, IL -- (MARKET WIRE) -- 07/31/08 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce the first gold doré has been poured at the Lluvia de Oro project in Sonora State, Mexico.
Tara Gold Resources signed an agreement with NWM Mining Corporation (formerly known as Columbia Metals Corporation), whereby NWM Mining can acquire 100% interest, subject to Tara's ongoing 20% Net Cash Flow interest from the processing plant, by making payments totaling $4,337,500, and issuing 1,000,000 shares to Tara Gold. NWM Mining is the operator of the project and provided this update in their news release of July 31, 2008.
The Lluvia de Oro project is located near Santa Ana in Sonora State, just south of the US border with Mexico and contains 43-101 compliant gold resources. A copy of the 43-101 report is available at http://TaraGoldResources.com.
TOGI | Tornado Gold Intl. To Drill Illipah: Potential For 7 Million Ounces Of Gold
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Jul 31, 2008 9:45:00 AM
RENO, NEVADA--(Marketwire - July 31, 2008) - Tornado Gold International Corp. (OTCBB:TOGI) (the "Company") has selected the Illipah property as its first drill program, based on results from its ongoing exploration program and historical data from previous exploration programs.
Between 1982 and 1992, Alta Gold produced 37,000 ounces (greater than $33,000,000 dollars at current gold prices) from an open pit at the north end of the Illipah property. A number of other groups have conducted exploration programs on the property, including Barrick Gold, Tenneco, Battle Mountain Gold, and Cyprus Gold.
Historically, from thirty four bore-holes drilled in previous exploration programs, one hole drilled by Battle Mountain Gold intersected 35 feet averaging 0.08 oz/ton gold at a depth of 750 feet. Similarly, Alta Gold intersected 20 feet of 0.27 oz/ton gold at 345 feet. Based on historical data from near-surface exploration of past programs, Tornado has derived a current resource estimate of 953,717 tons of ore grading 0.036 oz/ton gold for a total 34,657 oz/gold. These significant results have received no follow up to date. More importantly, drilling to date has not tested more promising, deeper formations on the Illipah property. Tornado Gold will focus the next phase of drilling operations on these deeper formations.
Research shows a geological setting at Illipah similar to that at Newmont's Rain deposit, located 65 miles northwest of Illipah. The Rain Mine reportedly hosts an average grade of 0.40 oz/ton gold and Newmont estimated the resource potential at over 2.0 million ounces of gold over a 4,500 foot strike length. Newmont originally mined the Rain as an open pit, but later discovered higher grade gold at depth. This discovery is now reflected in the exploration concept for economic mineralization at Illipah, where Tornado intends on exploiting the known low grade ore reserves at shallow depths of 300-500 feet, as well as targeting deep high grade ore bodies between 1000-2500 feet. The Illipah property could potentially host up to seven million ounces of Gold based upon current and historical surface and sub-surface geological data compiled to date.
Jul 31, 2008 9:45:00 AM
RENO, NEVADA--(Marketwire - July 31, 2008) - Tornado Gold International Corp. (OTCBB:TOGI) (the "Company") has selected the Illipah property as its first drill program, based on results from its ongoing exploration program and historical data from previous exploration programs.
Between 1982 and 1992, Alta Gold produced 37,000 ounces (greater than $33,000,000 dollars at current gold prices) from an open pit at the north end of the Illipah property. A number of other groups have conducted exploration programs on the property, including Barrick Gold, Tenneco, Battle Mountain Gold, and Cyprus Gold.
Historically, from thirty four bore-holes drilled in previous exploration programs, one hole drilled by Battle Mountain Gold intersected 35 feet averaging 0.08 oz/ton gold at a depth of 750 feet. Similarly, Alta Gold intersected 20 feet of 0.27 oz/ton gold at 345 feet. Based on historical data from near-surface exploration of past programs, Tornado has derived a current resource estimate of 953,717 tons of ore grading 0.036 oz/ton gold for a total 34,657 oz/gold. These significant results have received no follow up to date. More importantly, drilling to date has not tested more promising, deeper formations on the Illipah property. Tornado Gold will focus the next phase of drilling operations on these deeper formations.
Research shows a geological setting at Illipah similar to that at Newmont's Rain deposit, located 65 miles northwest of Illipah. The Rain Mine reportedly hosts an average grade of 0.40 oz/ton gold and Newmont estimated the resource potential at over 2.0 million ounces of gold over a 4,500 foot strike length. Newmont originally mined the Rain as an open pit, but later discovered higher grade gold at depth. This discovery is now reflected in the exploration concept for economic mineralization at Illipah, where Tornado intends on exploiting the known low grade ore reserves at shallow depths of 300-500 feet, as well as targeting deep high grade ore bodies between 1000-2500 feet. The Illipah property could potentially host up to seven million ounces of Gold based upon current and historical surface and sub-surface geological data compiled to date.
PSPM | Pure Spectrum Signs Letter Of Intent With WAC Lighting
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Lighting Technology Company and Leading Fixture Company Discussing Synergies Between Technology and Products
Jul 31, 2008 10:33:00 AM
SAVANNAH, GA -- (MARKET WIRE) -- 07/31/08 -- PureSpectrum, Inc. (PINKSHEETS: PSPM) has signed a letter of intent with W.A.C. Lighting stating that the two companies will continue discussions toward developing a licensing arrangement that would integrate PureSpectrum's ballast technology into existing and possibly new product lines from W.A.C. Lighting.
"We have a tremendous opportunity to work with an established and respected company which shares our corporate values," said PureSpectrum president and CEO Lee Vanatta. "W.A.C. Lighting has propelled itself to the upper echelon of the lighting industry through a commitment to innovation and a culture of excellence. After our initial discussions, there was a clear business interest for both companies and we agreed to work together during the next month to clearly define the scope of a potential licensing agreement.
"We believe our technology would provide a competitive advantage in the marketplace, and we are extremely pleased to be able to continue discussions with a company that has a proud history of achievement within the lighting industry," Vanatta concluded.
PureSpectrum owns multiple patents and patents pending for innovative electronic ballast technology for fluorescent lighting. During the past few months, the company's technology has been tested by several leading lighting manufacturers, and feedback gained through those interactions allowed PureSpectrum's advance technology team to refine its circuitry for optimum performance in preparation for licensing the technology and integrating it into the manufacturing process.
Lighting Technology Company and Leading Fixture Company Discussing Synergies Between Technology and Products
Jul 31, 2008 10:33:00 AM
SAVANNAH, GA -- (MARKET WIRE) -- 07/31/08 -- PureSpectrum, Inc. (PINKSHEETS: PSPM) has signed a letter of intent with W.A.C. Lighting stating that the two companies will continue discussions toward developing a licensing arrangement that would integrate PureSpectrum's ballast technology into existing and possibly new product lines from W.A.C. Lighting.
"We have a tremendous opportunity to work with an established and respected company which shares our corporate values," said PureSpectrum president and CEO Lee Vanatta. "W.A.C. Lighting has propelled itself to the upper echelon of the lighting industry through a commitment to innovation and a culture of excellence. After our initial discussions, there was a clear business interest for both companies and we agreed to work together during the next month to clearly define the scope of a potential licensing agreement.
"We believe our technology would provide a competitive advantage in the marketplace, and we are extremely pleased to be able to continue discussions with a company that has a proud history of achievement within the lighting industry," Vanatta concluded.
PureSpectrum owns multiple patents and patents pending for innovative electronic ballast technology for fluorescent lighting. During the past few months, the company's technology has been tested by several leading lighting manufacturers, and feedback gained through those interactions allowed PureSpectrum's advance technology team to refine its circuitry for optimum performance in preparation for licensing the technology and integrating it into the manufacturing process.
MDFI | MedeFile International Teams With Direct Technology Innovations
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National Transaction Technology Leader to Gift MedeFile-Light to National Customer Base
Jul 31, 2008 8:30:00 AM
CEDAR KNOLLS, N.J., July 31 /PRNewswire-FirstCall/ -- MedeFile International, Inc. (OTC Bulletin Board: MDFI), a company applying advanced technologies to deliver effective medical records management solutions to consumers and their families, today announced that it has teamed with Direct Technology Innovations (DTI), a leading transaction technology company serving the electronic payments industry, to introduce DTI's national customer base to MedeFile's solution for securely, conveniently and cost effectively collecting, archiving and managing a person's actual medical and dental records on an innovative web-enabled and portable platform.
According to Edward Slominski, President and CEO of DTI, "As a recognized national leader in transaction technology, it is our belief that there is no more important personal transaction than what takes place between a patient and his or her doctor. MedeFile's innovative approach to managing the health records of the typical American healthcare consumer is truly a breakthrough. The MedeFile solution has the power to save thousands of man hours and millions of dollars overnight. Moreover, it is cost effective and simple to use for both the user and the healthcare provider - not to mention that it is also a 'green' paper-free product."
Founded in 2001, DTI is a nationally accredited transaction technology company providing independent distributors with a variety of credit card processing platforms which save time, streamline accounting operations and help materially increase revenues. DTI is recognized for its high standards, quality solutions and innovative merchant services and products, including its Swipe N' Go(R) Program, Click to Go(R) Online Ordering Program and HWeb Mobile Ticketing Solutions(R). Its collaborative approach to enhancing the way business people view their business has led to DTI's dominance of the Quick Service Restaurant and the Tours and Transportation industries. Headquartered in Fort Lauderdale, Florida, DTI's client base ranges from Fortune 500 branded outlets to local neighborhood merchants.
"We are very proud to begin offering the MedeFile-Light subscription as a gift to each of the thousands of DTI customers who rely on our company for cutting edge transaction solutions," added Slominski. "Based on my personal and professional experience as the former owner of a high tech medical company and as founder of one of the first for profit Home Care agencies in the United States, I can not emphasize strongly enough that MedeFile is a product every American healthcare consumer needs."
National Transaction Technology Leader to Gift MedeFile-Light to National Customer Base
Jul 31, 2008 8:30:00 AM
CEDAR KNOLLS, N.J., July 31 /PRNewswire-FirstCall/ -- MedeFile International, Inc. (OTC Bulletin Board: MDFI), a company applying advanced technologies to deliver effective medical records management solutions to consumers and their families, today announced that it has teamed with Direct Technology Innovations (DTI), a leading transaction technology company serving the electronic payments industry, to introduce DTI's national customer base to MedeFile's solution for securely, conveniently and cost effectively collecting, archiving and managing a person's actual medical and dental records on an innovative web-enabled and portable platform.
According to Edward Slominski, President and CEO of DTI, "As a recognized national leader in transaction technology, it is our belief that there is no more important personal transaction than what takes place between a patient and his or her doctor. MedeFile's innovative approach to managing the health records of the typical American healthcare consumer is truly a breakthrough. The MedeFile solution has the power to save thousands of man hours and millions of dollars overnight. Moreover, it is cost effective and simple to use for both the user and the healthcare provider - not to mention that it is also a 'green' paper-free product."
Founded in 2001, DTI is a nationally accredited transaction technology company providing independent distributors with a variety of credit card processing platforms which save time, streamline accounting operations and help materially increase revenues. DTI is recognized for its high standards, quality solutions and innovative merchant services and products, including its Swipe N' Go(R) Program, Click to Go(R) Online Ordering Program and HWeb Mobile Ticketing Solutions(R). Its collaborative approach to enhancing the way business people view their business has led to DTI's dominance of the Quick Service Restaurant and the Tours and Transportation industries. Headquartered in Fort Lauderdale, Florida, DTI's client base ranges from Fortune 500 branded outlets to local neighborhood merchants.
"We are very proud to begin offering the MedeFile-Light subscription as a gift to each of the thousands of DTI customers who rely on our company for cutting edge transaction solutions," added Slominski. "Based on my personal and professional experience as the former owner of a high tech medical company and as founder of one of the first for profit Home Care agencies in the United States, I can not emphasize strongly enough that MedeFile is a product every American healthcare consumer needs."
ZAAP | ZAP Teaming Up With Sonoma County Water Agency To Spark Interest In Electric Vehicles
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Jul 31, 2008 6:00:00 AM
SANTA ROSA, CA -- (MARKET WIRE) -- 07/31/08 -- The Sonoma County Water Agency has teamed up with local electric vehicle manufacturer ZAP (OTCBB: ZAAP) on a plan to make Sonoma County on California's North Coast a leader in reducing carbon emissions through the use of electric transportation.
For Sonoma County Water Agency employees, ZAP is offering a rebate as an additional incentive to rebates being offered by the State of California. The cash rebates are designed to encourage Agency employees to start using electric vehicles. ZAP will be offering $1,400 rebate for a ZAP Xebra electric truck as well as $1,270 for a ZAP Xebra electric sedan. Both of these vehicles also qualify for a $1,000 rebate from the State of California, which is available to qualified buyers and subject to certain terms and conditions (see http://www.fuelingalts.energycenter.org). ZAP will also be offering County water agency employees a $500 rebate on its Zapino Electric Scooter.
"We wanted to encourage our employees to take more steps towards sustainability and one way to do that is to provide an example to them," said Cordel Stillman, Deputy Chief Engineer for the Sonoma County Water Agency. "We intend to use ZAP trucks at one of our larger facilities so the employees can use them to get around to our different water collectors."
As part of the program, officials from the Water Agency say they plan to install additional charging stations at its airport location; the agency already has charging stations for their plug-in hybrids.
"We would like to congratulate the Sonoma County Water Agency for stepping up and being a leader in this era of record gas and oil prices and helping to put more electric vehicles on the road in Sonoma County," said ZAP CEO Steve Schneider. "This is a great example that local, state and world governments can follow to take action today on issues like the global energy and climate crisis."
Xebra and Zapino are affordable electric vehicles designed for city-speed transportation up to 40 MPH and are now available across the US and abroad.
Jul 31, 2008 6:00:00 AM
SANTA ROSA, CA -- (MARKET WIRE) -- 07/31/08 -- The Sonoma County Water Agency has teamed up with local electric vehicle manufacturer ZAP (OTCBB: ZAAP) on a plan to make Sonoma County on California's North Coast a leader in reducing carbon emissions through the use of electric transportation.
For Sonoma County Water Agency employees, ZAP is offering a rebate as an additional incentive to rebates being offered by the State of California. The cash rebates are designed to encourage Agency employees to start using electric vehicles. ZAP will be offering $1,400 rebate for a ZAP Xebra electric truck as well as $1,270 for a ZAP Xebra electric sedan. Both of these vehicles also qualify for a $1,000 rebate from the State of California, which is available to qualified buyers and subject to certain terms and conditions (see http://www.fuelingalts.energycenter.org). ZAP will also be offering County water agency employees a $500 rebate on its Zapino Electric Scooter.
"We wanted to encourage our employees to take more steps towards sustainability and one way to do that is to provide an example to them," said Cordel Stillman, Deputy Chief Engineer for the Sonoma County Water Agency. "We intend to use ZAP trucks at one of our larger facilities so the employees can use them to get around to our different water collectors."
As part of the program, officials from the Water Agency say they plan to install additional charging stations at its airport location; the agency already has charging stations for their plug-in hybrids.
"We would like to congratulate the Sonoma County Water Agency for stepping up and being a leader in this era of record gas and oil prices and helping to put more electric vehicles on the road in Sonoma County," said ZAP CEO Steve Schneider. "This is a great example that local, state and world governments can follow to take action today on issues like the global energy and climate crisis."
Xebra and Zapino are affordable electric vehicles designed for city-speed transportation up to 40 MPH and are now available across the US and abroad.
XXIS | 141 Capital Featured In Hedge World Online Magazine
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Jul 31, 2008 7:31:00 AM
2008 PrimeNewswire, Inc.
CHICAGO, July 31, 2008 (PRIME NEWSWIRE) -- 141 Capital Inc. (Pink Sheets:XXIS) is pleased to announce that the Company has been featured in a story for the online magazine HedgeWorld by Senior Financial Correspondent Michael Fischer. The story focuses on 141 Capital's establishment as a Commodities Trading Advisor (CTA) and its preparation to trade customer accounts in the third quarter of this year.
In the story, 141 Capital is noted for its distinction as one of the only standalone public CTAs and that it will trade grain futures and stock indexes using its proprietary algorithmic trading systems. The systems include the PS VWAP, a reactive system that works best when markets are trading sideways; a volatility momentum system, which utilizes pattern recognition features; and a reactive system that takes advantage of market pricing that diverges from fair value.
"Whereas most institutions that build systems can sometimes take two to three months to hard code them, we can develop a system in a week," stated Errol Stone, CEO of 141 Capital, Inc., in the HedgeWorld story. "After hard testing of the three systems has been completed, the Company will use them to trade its own capital."
The article is available on the registration-based HedgeWorld Web site at the following link: www.hedgeworld.com. Investors wishing to obtain a copy of the story may contact Investor Relations at the number below.
Jul 31, 2008 7:31:00 AM
2008 PrimeNewswire, Inc.
CHICAGO, July 31, 2008 (PRIME NEWSWIRE) -- 141 Capital Inc. (Pink Sheets:XXIS) is pleased to announce that the Company has been featured in a story for the online magazine HedgeWorld by Senior Financial Correspondent Michael Fischer. The story focuses on 141 Capital's establishment as a Commodities Trading Advisor (CTA) and its preparation to trade customer accounts in the third quarter of this year.
In the story, 141 Capital is noted for its distinction as one of the only standalone public CTAs and that it will trade grain futures and stock indexes using its proprietary algorithmic trading systems. The systems include the PS VWAP, a reactive system that works best when markets are trading sideways; a volatility momentum system, which utilizes pattern recognition features; and a reactive system that takes advantage of market pricing that diverges from fair value.
"Whereas most institutions that build systems can sometimes take two to three months to hard code them, we can develop a system in a week," stated Errol Stone, CEO of 141 Capital, Inc., in the HedgeWorld story. "After hard testing of the three systems has been completed, the Company will use them to trade its own capital."
The article is available on the registration-based HedgeWorld Web site at the following link: www.hedgeworld.com. Investors wishing to obtain a copy of the story may contact Investor Relations at the number below.
MEDP | Medspas Aims To Enhance Shareholder Value With Acquisition Strategy
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Jul 31, 2008 10:30:00 AM
ATLANTA, GA -- (MARKET WIRE) -- 07/31/08 -- Medspas of America, Inc. (PINKSHEETS: MEDP) -- U.S. Market Penetration is imperative to Medspas overall success and we've made significant progress on this front. Our approach has been centered on evaluating multiple merger and acquisition targets by identifying specific fiscal risk factors which include the following criteria: Quantify liabilities, assess historical performance, determine the competitive advantage, and most importantly in selecting the correct demographic locations. "We are confident in our completed assessments and are moving forward to finalizing agreements with several candidates," stated CEO Paul Smith.
Capturing the correct mixture of market share is crucial and we feel we're on the right track. The Online Retail Channel will be perfectly complemented by our physical presence throughout the United States. Research from the Luxury Institute supports our business model which surveyed a sample group representing a demographic slice of American households with a minimum net worth of $750,000 (including home equity) and at least $150,000 in annual income. The median income for this group was $314,000, and median net worth came out to $2 million. Research concluded that the economic elite first choose the Internet in dealing with providers of luxury goods and services, beating out other channels, such as the telephone, face-to-face visits, and mail. In fact, 37% of wealthy consumers prefer buying luxury services on the Internet, compared with 30% who would rather do so in person and 21% who prefer the phone.
Wealthy consumers especially appreciate being able to research companies and offerings online. A resounding 88% of wealthy consumers cite a preference for using the Internet and e-mail to research luxury-services firms, and 85% prefer these channels for learning more about a particular service. In luxury goods, nearly 80% of the consumers surveyed turn first to the Internet or e-mail to learn about companies and their products. A resounding 93% of individuals worth $10 million or more have purchased a luxury product over the Internet in the past 12 months, and nearly 75% of the wealthiest made online purchases of luxury services. "Revenues fuel expansion and our online retail division is the catalyst for Medspas growth," stated CEO Paul Smith.
The company would also like to reiterate that there is no 504-D offering as we remain committed to protecting shareholder value.
Jul 31, 2008 10:30:00 AM
ATLANTA, GA -- (MARKET WIRE) -- 07/31/08 -- Medspas of America, Inc. (PINKSHEETS: MEDP) -- U.S. Market Penetration is imperative to Medspas overall success and we've made significant progress on this front. Our approach has been centered on evaluating multiple merger and acquisition targets by identifying specific fiscal risk factors which include the following criteria: Quantify liabilities, assess historical performance, determine the competitive advantage, and most importantly in selecting the correct demographic locations. "We are confident in our completed assessments and are moving forward to finalizing agreements with several candidates," stated CEO Paul Smith.
Capturing the correct mixture of market share is crucial and we feel we're on the right track. The Online Retail Channel will be perfectly complemented by our physical presence throughout the United States. Research from the Luxury Institute supports our business model which surveyed a sample group representing a demographic slice of American households with a minimum net worth of $750,000 (including home equity) and at least $150,000 in annual income. The median income for this group was $314,000, and median net worth came out to $2 million. Research concluded that the economic elite first choose the Internet in dealing with providers of luxury goods and services, beating out other channels, such as the telephone, face-to-face visits, and mail. In fact, 37% of wealthy consumers prefer buying luxury services on the Internet, compared with 30% who would rather do so in person and 21% who prefer the phone.
Wealthy consumers especially appreciate being able to research companies and offerings online. A resounding 88% of wealthy consumers cite a preference for using the Internet and e-mail to research luxury-services firms, and 85% prefer these channels for learning more about a particular service. In luxury goods, nearly 80% of the consumers surveyed turn first to the Internet or e-mail to learn about companies and their products. A resounding 93% of individuals worth $10 million or more have purchased a luxury product over the Internet in the past 12 months, and nearly 75% of the wealthiest made online purchases of luxury services. "Revenues fuel expansion and our online retail division is the catalyst for Medspas growth," stated CEO Paul Smith.
The company would also like to reiterate that there is no 504-D offering as we remain committed to protecting shareholder value.
JPCI | JPC Capital Partners To Complete Stock Purchase And Share Exchange With Componus, Inc
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Jul 31, 2008 10:26:00 AM
ATLANTA, GA -- (MARKET WIRE) -- 07/31/08 -- JPC Capital Partners, Inc. (OTCBB: JPCI), based in Atlanta, Georgia, announced today that its shareholders had voted to approve changes to JPCI's certificate of incorporation and board of directors, both steps necessary to complete the stock purchase and share exchange agreement with Componus, a Nevada corporation ("Componus"). Chairman and CEO of Componus, Inc., Eric Huang, states, "I am both pleased and excited about the opportunities that will be created from our going public and trading in the U.S. equity markets. I personally feel that this will add value to our business model and create more opportunities for our future growth potential. We look forward to expanding our capabilities as a direct link in the global automotive marketplace."
The stock purchase and share exchange agreement provides for the acquisition of Componus by JPC Capital Partners, Inc. with Componus becoming a wholly owned subsidiary of JPCI. In connection with this acquisition, JPCI's shareholders approved today a reverse split of outstanding JPCI common shares on a 2 for 1 basis and an increase of the number of authorized shares from 95 million to 250 million. JPCI expects to complete the share exchange on Monday, August 4, 2008 and issue 89,000,000 shares of common stock in exchange for all capital shares of Componus. As a result of this share exchange, Componus shareholders will own approximately 87.25% of the total issued and outstanding common stock of JPCI. JPCI CEO John Canouse stated: "We are very excited that our shareholders have voted overwhelmingly to complete this transaction. We believe this transaction to be an effective strategy to increase value by allowing our shareholders an opportunity to participate in the economic growth surge happening in the Asian markets. Componus is an established company with significant assets and a tremendous revenue potential in the multi-billion dollar metal forging and automotive supply industry. We see this as a great opportunity for JPCI shareholders."
Jul 31, 2008 10:26:00 AM
ATLANTA, GA -- (MARKET WIRE) -- 07/31/08 -- JPC Capital Partners, Inc. (OTCBB: JPCI), based in Atlanta, Georgia, announced today that its shareholders had voted to approve changes to JPCI's certificate of incorporation and board of directors, both steps necessary to complete the stock purchase and share exchange agreement with Componus, a Nevada corporation ("Componus"). Chairman and CEO of Componus, Inc., Eric Huang, states, "I am both pleased and excited about the opportunities that will be created from our going public and trading in the U.S. equity markets. I personally feel that this will add value to our business model and create more opportunities for our future growth potential. We look forward to expanding our capabilities as a direct link in the global automotive marketplace."
The stock purchase and share exchange agreement provides for the acquisition of Componus by JPC Capital Partners, Inc. with Componus becoming a wholly owned subsidiary of JPCI. In connection with this acquisition, JPCI's shareholders approved today a reverse split of outstanding JPCI common shares on a 2 for 1 basis and an increase of the number of authorized shares from 95 million to 250 million. JPCI expects to complete the share exchange on Monday, August 4, 2008 and issue 89,000,000 shares of common stock in exchange for all capital shares of Componus. As a result of this share exchange, Componus shareholders will own approximately 87.25% of the total issued and outstanding common stock of JPCI. JPCI CEO John Canouse stated: "We are very excited that our shareholders have voted overwhelmingly to complete this transaction. We believe this transaction to be an effective strategy to increase value by allowing our shareholders an opportunity to participate in the economic growth surge happening in the Asian markets. Componus is an established company with significant assets and a tremendous revenue potential in the multi-billion dollar metal forging and automotive supply industry. We see this as a great opportunity for JPCI shareholders."
EREI | EAGLE ROCK ENTERPRISES, INC. Completes Pink Sheets Paperwork
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Jul 31, 2008 8:00:00 AM
View Additional ProfilesBORDENTOWN, NJ -- (MARKET WIRE) -- 07/31/08 -- EAGLE ROCK ENTERPRISES, INC. (PINKSHEETS: EREI) announced today that the Company has completed the PINKSHEETS.COM application paperwork required to facilitate a visible quote.
For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127.
Jul 31, 2008 8:00:00 AM
View Additional ProfilesBORDENTOWN, NJ -- (MARKET WIRE) -- 07/31/08 -- EAGLE ROCK ENTERPRISES, INC. (PINKSHEETS: EREI) announced today that the Company has completed the PINKSHEETS.COM application paperwork required to facilitate a visible quote.
For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127.
DCBR | DC Brands Will Have Booth At NACS Show
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Jul 31, 2008 7:05:00 AM
View Additional ProfilesDENVER, CO -- (MARKET WIRE) -- 07/31/08 -- Today, DC Brands International, Inc. (PINKSHEETS: DCBR) announced their booth number for the upcoming NACS show to be held in Chicago on October 5-7, 2008. The company will be located in booth #467. For more information on the NACS Show, please go to www.nacsshow.com.
Jul 31, 2008 7:05:00 AM
View Additional ProfilesDENVER, CO -- (MARKET WIRE) -- 07/31/08 -- Today, DC Brands International, Inc. (PINKSHEETS: DCBR) announced their booth number for the upcoming NACS show to be held in Chicago on October 5-7, 2008. The company will be located in booth #467. For more information on the NACS Show, please go to www.nacsshow.com.
CFRI | Conforce International Issues Update On Agreement
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Jul 31, 2008 9:21:00 AM
TORONTO -- (MARKET WIRE) -- 07/31/08 -- Conforce International, Inc. (PINKSHEETS: CFRI) ("Conforce" or the "Company") announced today that in connection with the Letter of Intent (LOI) it received from a US-based supplier of special purpose custom containers to the United States Military, the status of the definitive agreement between the parties remains unchanged.
According to a press release issued on May 28, 2008, Conforce received an LOI from a US-based Military contractor for the purchase of the Company's newly developed composite product specifically designed for use in specialized United States Military containers. The LOI contemplates a multi-year contract whereby Conforce will provide product for a minimum of 10,000 special application containers.
According to the company's US Military contractor, the awarding of the contract has been delayed pending administrative clarifications. Notwithstanding the delay, Conforce continues its production preparations and remains extremely confident that the definitive agreement between the parties will be executed in the very near term. In the event that the agreement has not been executed by August 19, 2008, the Company will provide shareholders and interested parties with an update as to the status of the negotiations.
Jul 31, 2008 9:21:00 AM
TORONTO -- (MARKET WIRE) -- 07/31/08 -- Conforce International, Inc. (PINKSHEETS: CFRI) ("Conforce" or the "Company") announced today that in connection with the Letter of Intent (LOI) it received from a US-based supplier of special purpose custom containers to the United States Military, the status of the definitive agreement between the parties remains unchanged.
According to a press release issued on May 28, 2008, Conforce received an LOI from a US-based Military contractor for the purchase of the Company's newly developed composite product specifically designed for use in specialized United States Military containers. The LOI contemplates a multi-year contract whereby Conforce will provide product for a minimum of 10,000 special application containers.
According to the company's US Military contractor, the awarding of the contract has been delayed pending administrative clarifications. Notwithstanding the delay, Conforce continues its production preparations and remains extremely confident that the definitive agreement between the parties will be executed in the very near term. In the event that the agreement has not been executed by August 19, 2008, the Company will provide shareholders and interested parties with an update as to the status of the negotiations.
PDGT | Paradigm Tactical Products Inc. Reports Interest In Radsafe Surges
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Jul 31, 2008 10:09:00 AM
Copyright Business Wire 2008
GEORGETOWN, Mass.--(BUSINESS WIRE)--
Paradigm Tactical Products Inc. (Other OTC:PDGT.PK - News), a leading provider of detection technology and homeland security solutions to the military as well as to the corrections, law enforcement and security industry is pleased to report that it has received a greater than expected interest in its new RadSafe(TM) product from the international marketplace.
Paradigm Tactical Products has already completed sales to distributors in Israel and South Africa. The company is also expecting to make additional sales and enter into exclusive distributor agreements in many emerging markets soon.
Vincent Cammarata confirmed the greater than expected interest stating, "We knew that the RadSafe(TM) would be an exciting new product but we are elated with the worldwide interest that we are seeing. Our recent sales in South Africa and Israel are continued validation of our decision to enter into the radiation detection space. I believe that we will have a solid foundation of similar major government suppliers in both established and emerging countries." Cammarata went on to say, "While I am not ready to increase our previous guidance I am extremely confident with our projections."
Jul 31, 2008 10:09:00 AM
Copyright Business Wire 2008
GEORGETOWN, Mass.--(BUSINESS WIRE)--
Paradigm Tactical Products Inc. (Other OTC:PDGT.PK - News), a leading provider of detection technology and homeland security solutions to the military as well as to the corrections, law enforcement and security industry is pleased to report that it has received a greater than expected interest in its new RadSafe(TM) product from the international marketplace.
Paradigm Tactical Products has already completed sales to distributors in Israel and South Africa. The company is also expecting to make additional sales and enter into exclusive distributor agreements in many emerging markets soon.
Vincent Cammarata confirmed the greater than expected interest stating, "We knew that the RadSafe(TM) would be an exciting new product but we are elated with the worldwide interest that we are seeing. Our recent sales in South Africa and Israel are continued validation of our decision to enter into the radiation detection space. I believe that we will have a solid foundation of similar major government suppliers in both established and emerging countries." Cammarata went on to say, "While I am not ready to increase our previous guidance I am extremely confident with our projections."
HISU | Homeland Integrated Security Systems To Begin Contract With GSA August 1
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Products to Appear on the GSA Web Site Next Week
Jul 31, 2008 8:31:00 AM
ARDEN, NC -- (MARKET WIRE) -- 07/31/08 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) is pleased to announce that the Company's contract to market its products on the U.S. General Services Administration (GSA) schedule begins August 1. The products offered by the Company will be viewable on the GSA Web site approximately one to two weeks after the contract goes into effect.
According to the contract (GS-07F-0471U), Homeland Integrated Security Systems will begin uploading its products onto the GSA Web site on the day the contractual agreement begins, on August 1. On that day, the Company begins building its online catalog, which includes its Cyber Tracker products.
"We are very excited to be going live on the GSA Web site and having the opportunity to introduce our products to thousands of federal government buyers. Within two weeks after we go live, we'll have our complete line of products available for everyone to see," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems, Inc. will take advantage of its inclusion on the schedule to market all of its security and data tracking products to government agencies for their facilities, vehicles, equipment and employees.
Products to Appear on the GSA Web Site Next Week
Jul 31, 2008 8:31:00 AM
ARDEN, NC -- (MARKET WIRE) -- 07/31/08 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) is pleased to announce that the Company's contract to market its products on the U.S. General Services Administration (GSA) schedule begins August 1. The products offered by the Company will be viewable on the GSA Web site approximately one to two weeks after the contract goes into effect.
According to the contract (GS-07F-0471U), Homeland Integrated Security Systems will begin uploading its products onto the GSA Web site on the day the contractual agreement begins, on August 1. On that day, the Company begins building its online catalog, which includes its Cyber Tracker products.
"We are very excited to be going live on the GSA Web site and having the opportunity to introduce our products to thousands of federal government buyers. Within two weeks after we go live, we'll have our complete line of products available for everyone to see," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems, Inc. will take advantage of its inclusion on the schedule to market all of its security and data tracking products to government agencies for their facilities, vehicles, equipment and employees.
CEMI | Chembio Diagnostics To Discuss 2nd Quarter Results August 4
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Conference Call Scheduled for Monday, August 4 at 4:30 p.m. Eastern Time
Jul 31, 2008 9:30:00 AM
MEDFORD, NY -- (MARKET WIRE) -- 07/31/08 -- Chembio Diagnostics, Inc. (OTCBB: CEMI), a developer and manufacturer of rapid diagnostic tests for infectious diseases, announced today that the company will release financial results for the second quarter ended June 30, 2008, following the close of the market on Monday, August 4, 2008.
Lawrence A. Siebert, Chembio's president and chief executive officer, will host an investment community conference call beginning at 4:30 p.m. Eastern Time on Monday, August 4, 2008 to discuss these results and to answer questions. He will be joined by Richard Larkin, Chembio's chief financial officer.
To participate, please dial (877) 407-0782 from the U.S. or (201) 689-8567 from outside the U.S. In addition, following the completion of the call, a telephone replay will be accessible until August 11, 2008 at 11:59 p.m. Eastern Time by dialing (877) 660-6853 from the U.S. or (201) 612-7415 from outside the U.S. and entering reservation account number 286 and conference ID 292790.
Those interested in listening to the conference call live via the Internet may do so by visiting the Investor Relations section of Chembio's website at www.chembio.com. To listen to the live call, please go to the website 15 minutes prior to its start to register, download, and install the necessary audio software. A replay will be available on the website for a limited time.
Conference Call Scheduled for Monday, August 4 at 4:30 p.m. Eastern Time
Jul 31, 2008 9:30:00 AM
MEDFORD, NY -- (MARKET WIRE) -- 07/31/08 -- Chembio Diagnostics, Inc. (OTCBB: CEMI), a developer and manufacturer of rapid diagnostic tests for infectious diseases, announced today that the company will release financial results for the second quarter ended June 30, 2008, following the close of the market on Monday, August 4, 2008.
Lawrence A. Siebert, Chembio's president and chief executive officer, will host an investment community conference call beginning at 4:30 p.m. Eastern Time on Monday, August 4, 2008 to discuss these results and to answer questions. He will be joined by Richard Larkin, Chembio's chief financial officer.
To participate, please dial (877) 407-0782 from the U.S. or (201) 689-8567 from outside the U.S. In addition, following the completion of the call, a telephone replay will be accessible until August 11, 2008 at 11:59 p.m. Eastern Time by dialing (877) 660-6853 from the U.S. or (201) 612-7415 from outside the U.S. and entering reservation account number 286 and conference ID 292790.
Those interested in listening to the conference call live via the Internet may do so by visiting the Investor Relations section of Chembio's website at www.chembio.com. To listen to the live call, please go to the website 15 minutes prior to its start to register, download, and install the necessary audio software. A replay will be available on the website for a limited time.
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