ZAGG: ZAGG's invisibleSHIELD(TM) is the Top Selling Accessory for the Apple iPhone 3G
Company Revolutionizes Gadget Protection with Military-Grade Film
Aug 26, 2008 12:23:00 PM
Copyright Business Wire 2008
SALT LAKE CITY--(BUSINESS WIRE)--
ZAGG Inc. (OTCBB: ZAGG), leading producer of patented transparent protective film coverings and accessories for mobile electronics, announced today that the company's flagship product, the invisibleSHIELD, is now the top selling accessory for the Apple iPhone 3G. The invisibleSHIELD is made of an ultra-thin material originally used by the military to protect the leading edge of helicopter blades, and now comes custom cut to SHIELD today's hottest gadgets.
Shortly after Apple announced the sale of its 1,000,000th second generation iPhone, ZAGG had sold over 100,000 invisibleSHIELDs for the iPhone 3G, covering a staggering 10 percent of the devices and placing ZAGG atop the crowded iPhone accessory market. The announcement comes on the heels of the company's second quarter earnings report, which boasted a nearly 250% increase in year-over-year sales.
"The invisibleSHIELD has sparked a revolution in the way people think about their gadget protection," says Robert Pedersen II, CEO of ZAGG Inc. "According to our research, the invisibleSHIELD is the top selling accessory for the iPhone 3G, and with good reason. As the first virtually invisible 'case' to protect for life, it truly is a must-have accessory for the iPhone, as well as other electronics. The invisibleSHIELD isn't just a screen protector on steroids, but a full-body wrap, protecting the whole device. As sales of the iPhone 3G continue to skyrocket, sales for the invisibleSHIELD have grown stronger as well."
Recent numbers show that Apple plans to build up to 45 million new iPhones in the 12 months through August 2009. And according to New York-based ABI Research, handset accessory sales are expected to top $40 billion in 2008. The explosion of this relatively new market was aided in no small part by the ubiquitous iPhone. While enjoying the benefits the iPhone 3G has invited, ZAGG will continue to be the first to provide precision designed and cut protective invisibleSHIELDs for new models from other innovative manufacturers such as LG, Samsung, Palm and BlackBerry, who are counting on the success of their own smartphones to challenge Apple's dominance in the market. A major shift in the industry toward touch-screen capabilities makes the need for ZAGG's invisibleSHIELD brand of protection all the more urgent. Traditional cases either cannot protect these screens without hindering usability, or they are made of a cheap disposable film that easily scratches. This is not the case with the invisibleSHIELD.
"We won't rest until our revolutionary brand of protection is the top accessory for all mobile electronics," says Pedersen. "We protect thousands of different devices, without concealing their intended design, and we guarantee that protection for life. That's the kind of accessory everyone should know about."
CVIC: Cavico and Bao Loc Plant's Investor Agreed to $2.8 Mil Adjustment for Bao Loc Hydropower Project
Aug 26, 2008 9:09:00 AM
Copyright Business Wire 2008
ANGELES & HANOI, Vietnam--(BUSINESS WIRE)--
Cavico Corp. ("Cavico" or "the Company") (OTC BB: CVIC), a leading infrastructure development company in Vietnam, today announced that Cavico Tunnel, the Company's wholly owned subsidiary, has signed an amendment with Bao Loc Hydropower Company to receive an additional amount of $2.8 million towards cost adjustment due to high inflation and for the additional construction work at the Bao Loc hydropower project.
In 2005 Cavico entered into a $2.1 million contract with VGR Bao Loc to construct headrace tunnel, inclined penstock tunnel, vertical shaft surge tank, and addit tunnel at the Bao Loc, 48 MW project. During the course of the construction, the investor of Bao Loc plant contracted Cavico to manage the concrete work and other additional construction work. The $2.8 million reimbursement includes $0.6 million cost adjustment towards increased fuel cost and construction materials due to the high inflation and $2.2 million for the additional concrete and other work. Cavico expects to receive an initial payment of approximately $0.7 million and the remaining amount will be paid upon handing over the project to Bao Loc Company at the end of 2008. The cost adjustment and the additional work have boosted the total value of the Bao Loc Hydropower project to $4.9 million, an increase of 130%.
At present, Cavico is in advanced stage of negotiation and discussion with investors and owners of other projects for receiving adjustments towards increased fuel cost and construction materials due to inflation.
"We are very pleased with the cooperation from the investor of Bao Loc hydropower plant. They made necessary adjustments which enable us to complete the project as per the planned schedule," commented Mr. Phuc Minh Pham, president of Cavico Tunnel. "Our goal is to complete the tunnel concrete work ahead of its schedule. We believe in exceeding the expectations of our customers. We expect the reimbursement will both improve our revenue and profitability from this project," added Mr. Pham.
FRHV: Fresh Harvest Products, Inc. Announces Receipt of New CUSIP Number Following Its Forward Split Announcement
Aug 26, 2008 8:31:00 AM
NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- Fresh Harvest Products, Inc. (OTC Bulletin Board: FRHV) announced today that it is moving ahead with the forward split of its common stock. The Company has applied for and received a new CUSIP number which will be released as the effective date for the Forward Split draws near.
The net effect is that each shareholder of record on the effective date will tender their shares so that they can be exchanged for new shares which will include a 10% increase from the shares originally tendered. Fresh Harvest intends to complete this process as quickly as possible.
SDRG: Silver Dragon Updates Progress At Liangdi Silver-Lead-Zinc Polymetallic Exploration Project
Aug 26, 2008 8:00:00 AM
2008 GlobeNewswire, Inc.
BEIJING, Aug. 26, 2008 (GLOBE NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce further progress of the ongoing comprehensive exploration program at Liangdi Silver-Lead-Zinc polymetallic project. The tunneling project PD1 has further revealed the extensions of mineralized bodies No.4, No.5, No.6, No.7 and No.8 (see Figure 1). In particular, the length of the indicated part of mineralized body No.6 is now 120 meters, and that of No.7 is 80 meters. The grades of mineralized body No.6 are up to 663g/t Ag, 15.63% Pb and 18.38% Zn (see sample LH220 in Table 1). The horizontal thicknesses of the mineralized bodies are mostly between 2 and 3.6 meters.
UOMO: UOMO Media Inc. | CGFI: Colorado Goldfields, Inc. | AERP: Aero Performance Products, Inc. | HISU: Homeland Intergrated Security Systems
UOMO Media's RT! Directs Video For International Platinum Recording Artist K.MaroAug 26, 2008 7:17:00 AM
Copyright Business Wire 2008
TORONTO--(BUSINESS WIRE)--
UOMO Media Inc. (OTCBB:UOMO), a multi-channel entertainment company, announced today that Randall "RT!" Thorne, the Executive Director of The NE Inc., directed the new video for France's international multi-platinum selling recording artist K.Maro. The video is for the song "Take You Away" the first single from K.Maro's first all-English album "Perfect Stranger". French sensation, K.Maro, who performs in English, French and Arabic, has sold over 2.5 million albums worldwide. K.Maro's new album will be released globally this October.
"We continue to create the most visually stunning images for artists globally," said RT! "We are excited about the roster of video productions we have coming from The NE Inc. this year - expect to continue seeing impactful film and media projects coming from our team."
Randall (RT!) Thorne, a multiple award winning film and video director, has directed videos for international recording artists including Sean Paul, Justin Nozuka, Xzibit, Kardinal Offishal, Ginuwine, Neverending White Lights, Talib Kweli, George, Massari, and Shawn Desman. Over the course of six years he has been awarded ten International music video awards and has been nominated for more than thirty. RT! became the Executive Director of The NE Inc., a visual media subsidiary of UOMO Media Inc., in April of 2008. The NE Inc.'s roster of award winning directors includes RT!, Marc Andre Debruyne, Cazhhmere and STIRLING.
CGFI: Colorado Goldfields Generating Excitement in Silverton
Aug 26, 2008 7:57:00 AM
Copyright Business Wire 2008
LAKEWOOD, Colo.--(BUSINESS WIRE)--
Colorado Goldfields Inc. (OTCBB: CGFI) was featured in an article focusing on the rebirth of mining in Silverton, Colorado in the Durango Herald on Wednesday, August 20, 2008 which describes the local excitement generated by the Company's recent drilling at its Gold King and Mogul Mines in Silverton. "The early indications are good at the drilling sites. We look forward to releasing results of the assay tests as they become available," said Stephen Guyer, Chief Financial Officer.
Silverton was founded originally as a mining camp. Historically, the Gold King Mine alone produced approximately 345,000 ounces of gold and 1.4 million ounces of silver from 1895 to 1920. The article discusses CGFI's potential social, economic and environmental impact on the area and concludes that the local residents are generally positive and excited about the economic boost.
AERP: Aero Performance Products, Inc. Announces Listing on Over-the-Counter Bulletin Board
Aug 26, 2008 9:05:00 AM
SOUTH JORDAN, UT -- (MARKET WIRE) -- 08/26/08 -- Aero Performance Products, Inc. (OTCBB: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced that the company's stock has been approved for listing on the Over-the-Counter Bulletin Board (OTCBB), effective immediately.
A 15c2-11 exemption was filed on behalf of Aero with the Financial Industry Regulatory Authority (FINRA). An exemption is available to market makers when they are moving from another quotation medium into the OTCBB.
On August 25, 2008, the market maker that filed the OTCBB application on the company's behalf received notification that it could submit a quote for Aero Performance Products on the OTCBB.
"We strongly believe that an OTCBB listing provides a number of advantages to the company, including increased visibility for its stock in the investment community," stated Aero Performance Products CEO Bryan Hunsaker. "This is only one step in management's broader strategy to facilitate increased value for Aero shareholders. The company continues to focus on growing revenues through the sale of Aero Exhaust products and the evaluation of potential acquisition targets.
"We look forward to providing additional information about the listing and market maker in our upcoming shareholder newsletter," added Mr. Hunsaker.
HISU: Homeland Integrated Security Systems Inc. Is Poised for Rapid Growth as U.S. House Resolution 3179 Is Signed
Aug 26, 2008 8:31:00 AM
ARDEN, NC -- (MARKET WIRE) -- 08/26/08 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) is pleased to announce that the Company could see an increase in sales through the General Services Administration (GSA) Schedule and the GSA Advantage catalog due to President's Bush's signing of House Resolution 3179 on June 26. The "Local Preparedness Acquisition Act," authorizes state, local and tribal governments to purchase law enforcement and security related items through the federal supply schedules.
Homeland Integrated Security Systems' (HISS) asset tracking products and accessories were approved to be on the GSA Schedule August 1st. Recently, the Company also had its products placed on the GSA Advantage catalog. With GSA approval, government agencies and organizations can purchase items directly from the Company. In many situations government organizations are allowed to purchase products from HISS without a bidding process involving other companies.
"This house resolution provides us with a much greater opportunity to reach a wider customer base for our security and asset tracking units and accessories. Being added to the GSA Schedule and GSA Advantage has really opened a lot of doors for our Company," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
Copyright Business Wire 2008
TORONTO--(BUSINESS WIRE)--
UOMO Media Inc. (OTCBB:UOMO), a multi-channel entertainment company, announced today that Randall "RT!" Thorne, the Executive Director of The NE Inc., directed the new video for France's international multi-platinum selling recording artist K.Maro. The video is for the song "Take You Away" the first single from K.Maro's first all-English album "Perfect Stranger". French sensation, K.Maro, who performs in English, French and Arabic, has sold over 2.5 million albums worldwide. K.Maro's new album will be released globally this October.
"We continue to create the most visually stunning images for artists globally," said RT! "We are excited about the roster of video productions we have coming from The NE Inc. this year - expect to continue seeing impactful film and media projects coming from our team."
Randall (RT!) Thorne, a multiple award winning film and video director, has directed videos for international recording artists including Sean Paul, Justin Nozuka, Xzibit, Kardinal Offishal, Ginuwine, Neverending White Lights, Talib Kweli, George, Massari, and Shawn Desman. Over the course of six years he has been awarded ten International music video awards and has been nominated for more than thirty. RT! became the Executive Director of The NE Inc., a visual media subsidiary of UOMO Media Inc., in April of 2008. The NE Inc.'s roster of award winning directors includes RT!, Marc Andre Debruyne, Cazhhmere and STIRLING.
CGFI: Colorado Goldfields Generating Excitement in Silverton
Aug 26, 2008 7:57:00 AM
Copyright Business Wire 2008
LAKEWOOD, Colo.--(BUSINESS WIRE)--
Colorado Goldfields Inc. (OTCBB: CGFI) was featured in an article focusing on the rebirth of mining in Silverton, Colorado in the Durango Herald on Wednesday, August 20, 2008 which describes the local excitement generated by the Company's recent drilling at its Gold King and Mogul Mines in Silverton. "The early indications are good at the drilling sites. We look forward to releasing results of the assay tests as they become available," said Stephen Guyer, Chief Financial Officer.
Silverton was founded originally as a mining camp. Historically, the Gold King Mine alone produced approximately 345,000 ounces of gold and 1.4 million ounces of silver from 1895 to 1920. The article discusses CGFI's potential social, economic and environmental impact on the area and concludes that the local residents are generally positive and excited about the economic boost.
AERP: Aero Performance Products, Inc. Announces Listing on Over-the-Counter Bulletin Board
Aug 26, 2008 9:05:00 AM
SOUTH JORDAN, UT -- (MARKET WIRE) -- 08/26/08 -- Aero Performance Products, Inc. (OTCBB: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced that the company's stock has been approved for listing on the Over-the-Counter Bulletin Board (OTCBB), effective immediately.
A 15c2-11 exemption was filed on behalf of Aero with the Financial Industry Regulatory Authority (FINRA). An exemption is available to market makers when they are moving from another quotation medium into the OTCBB.
On August 25, 2008, the market maker that filed the OTCBB application on the company's behalf received notification that it could submit a quote for Aero Performance Products on the OTCBB.
"We strongly believe that an OTCBB listing provides a number of advantages to the company, including increased visibility for its stock in the investment community," stated Aero Performance Products CEO Bryan Hunsaker. "This is only one step in management's broader strategy to facilitate increased value for Aero shareholders. The company continues to focus on growing revenues through the sale of Aero Exhaust products and the evaluation of potential acquisition targets.
"We look forward to providing additional information about the listing and market maker in our upcoming shareholder newsletter," added Mr. Hunsaker.
HISU: Homeland Integrated Security Systems Inc. Is Poised for Rapid Growth as U.S. House Resolution 3179 Is Signed
Aug 26, 2008 8:31:00 AM
ARDEN, NC -- (MARKET WIRE) -- 08/26/08 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISU) is pleased to announce that the Company could see an increase in sales through the General Services Administration (GSA) Schedule and the GSA Advantage catalog due to President's Bush's signing of House Resolution 3179 on June 26. The "Local Preparedness Acquisition Act," authorizes state, local and tribal governments to purchase law enforcement and security related items through the federal supply schedules.
Homeland Integrated Security Systems' (HISS) asset tracking products and accessories were approved to be on the GSA Schedule August 1st. Recently, the Company also had its products placed on the GSA Advantage catalog. With GSA approval, government agencies and organizations can purchase items directly from the Company. In many situations government organizations are allowed to purchase products from HISS without a bidding process involving other companies.
"This house resolution provides us with a much greater opportunity to reach a wider customer base for our security and asset tracking units and accessories. Being added to the GSA Schedule and GSA Advantage has really opened a lot of doors for our Company," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
FFGO: Fortress Financial Group | PGPM: Pilgrim Petroleum | MSGI: MSGI Security Solutions | PVCT: Provectus Pharmaceuticals
FFGO: Fortress Financial Group, Inc. - Outstanding Stock Confirmation
Company Confirms the Number of Shares of Outstanding Stock
Aug 26, 2008 3:26:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 08/26/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company's total number of outstanding shares of Common Stock are in the amount of 27,922,377,817; as confirmed in a number of Form 8-K filings in respect of the Company's substantial repurchases of its shares of Common Stock, that being coupled with the cancellation of certain shares of the Company's Common Stock issued in respect of "Signing bonuses."
The Company is preparing all of the stock cancellation paperwork for submission to the Transfer Agent. The Company categorically states, confirms and undertakes that our number of outstanding shares as published by ourselves is indeed 100% accurate and correct. The Company expects that the Transfer Agent will be in a position to verify that our calculations are correct, by no later than early next week. The Transfer Agent is in no position to verify our number of outstanding shares of Common Stock until such time as they receive the all of the requisite paperwork and stock certificates, from ourselves, for immediate cancellation.
Alan Santini, the CEO of Fortress Financial Group, Inc., "confirmed that he clearly understood that this was a top priority for the Company at this time due to the imminent announcement of the Record Date of the Extraordinary Dividend." Alan Santini added "that he would ensure that the Transfer Agent was in possession of all cancellation requests within days."
Various stockholders who are required to file both Form 13(g) and Form 13(d) filings in respect of their stockholdings in the Company; have indicated that they will do so, upon confirmation from the Transfer Agent that our published outstanding shares of Common Stock are correct.
PGPM: Pilgrim Petroleum Announces Re-Alignment of Its Corporate Strategy
Aug 26, 2008 8:30:00 AM
DALLAS, TX -- (MARKET WIRE) -- 08/26/08 -- Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV), announces an internal re-alignment and reorganization of its business as a result of the latest transaction event with Implantable Vision Ltd. Pilgrim Petroleum Corporation will redirect its Corporate Strategy by exclusively focusing on its Oilfield Service Operations. This consolidation on Pilgrim's activities will provide and stabilize a leaner corporation, easier to streamline operations to improve cost controls and focus on revenue generation. These are the key elements of Pilgrim's ongoing productivity initiative. Pilgrim is also expected to generate significant operating efficiencies and accelerate the delivery of strategic technologies to the marketplace. As the company moves forward, it plans to improve its competitive position within the Oilfield Service Industry among independent oil and gas companies on domestic onshore basins of West Texas and Mid Continent regions, looking into a more extended service with more powerful capabilities to ensure high quality of service, safety, security and environment.
Pilgrim together with its subsidiary American Petroleum Corporation will expand its customer portfolio and continue its corporate strategy to provide customers with all of the products and services they need before, during and after drilling operations.
Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "The reorganization represents the next step in our process to re-position Pilgrim for continued success in today's Energy Industry. We have defined our longer-term strategy and areas of focus; now we are aligning our organization and leadership to execute our business plan."
MSGI Security Solutions Announces Acceleration of Sub-Contracting Agreement to $100 Million Annually
Aug 26, 2008 11:00:00 AM
View Additional ProfilesNEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- MSGI Security Solutions, Inc. (OTC Bulletin Board: MSGI) "MSGI" today reported an acceleration of certain sub-contracting agreements with its Korean business partners resulting in projected gross revenues of $100 million annually. The business acceleration is expected to begin in September.
On October 26, 2006, MSGI entered into a sub-contracting agreement with Hyundai Syscomm Corp. to provide wireless video surveillance solutions. On May 23, 2007, MSGI entered into a sub-contracting and distribution agreement with Apro Media Corp. to provide commercial security services to a Fortune 100 defense contractor. Apro Media Corp. would potentially earn 16 million shares of MSGI over the course of seven years in exchange for the business. On August 22, 2008 MSGI negotiated an acceleration of both sub-contracting agreements with Hirsch Capital Corp., the San Francisco based private equity firm operating Hyundai Syscomm and Apro Media.
Under the accelerated terms, MSGI would ramp up to a platform generating approximately $100 million in annual gross revenue supporting several of the largest commercial businesses in Korea. There will be additional revenue from sales to the Fortune 100 defense contractor as well. As part of this expansion MSGI will become the beneficiary of various technology transfers. These new assets are expected to include Hi-Definition Video Surveillance systems, Hi-Definition DVR systems and emerging RFID Technology. Based upon the binding commitment to expand MSGI to a run rate of $100 million in annual gross revenue, Hirsch Capital will have the right to earn shares of MSGI as indicated in the sub-contracting and distribution agreement referenced above.
MSGI executive staff will be increased to support the new business and technical operations will be relocated to Northern California within the next few months. Subsequent progress reports on the status of this business acceleration will be issued throughout the remainder of the current quarter.
PVCT: Professor John F. Thompson to Present at Perspectives in Melanoma XII, Thursday October 2, 2008
Conference to be Held at the Steigenberger Kurhaus Hotel in The Hague, Netherlands, October 2-4, 2008Aug 26, 2008 9:38:00 AM
Copyright Business Wire 2008
KNOXVILLE, Tenn.--(BUSINESS WIRE)--
Provectus Pharmaceuticals, Inc. (OTC BB: PVCT), a development-stage oncology and dermatology biopharmaceutical company, announced today that the Lead Investigator for its phase 2 melanoma study, Professor John F. Thompson, MD, will present clinical data on PV-10 at the Perspectives in Melanoma XII meeting at The Hague, The Netherlands. Professor Thompson's presentation, entitled "PV-10 Chemoablation of cutaneous and subcutaneous metastatic melanoma," is scheduled for the afternoon symposium on emerging therapies scheduled for approximately 2:20 pm local time on Thursday October 2nd, 2008.
"The presentation by Professor Thompson is expected to report data from the completed phase 1 clinical trial, as well as providing an update on the current phase 2 study," noted Craig Dees, PhD, CEO of Provectus.
Dees continued, "Professor Thompson is one of the world's foremost authorities on melanoma treatment and the global lead investigator for our PV-10 clinical trials. He recently made a presentation on July 25, 2008, at the inaugural Sydney Cancer Conference 2008, which can be accessed via our website (www.pvct.com). In addition, 'The 7:30 Report,' a highly acclaimed Australian Broadcasting Corporation current affairs program airing in Australia, ran a story entitled: 'Melanoma breakthrough: a simple and less invasive cure' on the treatment of melanoma with PV-10, which is also accessible on Provectus' website.
Dees continued, "We announced recently that the first twenty-five percent (20 of 80) of melanoma subjects have been treated in the phase 2 study, with enrollment continuing at centers in Brisbane and Sydney, Australia, and at the M.D. Anderson Cancer Center in Houston, TX. We expect to announce additional sites in Australia and the U.S. in the coming months."
According to the American Cancer Society, in 2008 more than 62,000 people are expected to be diagnosed with melanoma in the in the US , the most serious form of skin cancer, leading to over 8,000 deaths this year.
Company Confirms the Number of Shares of Outstanding Stock
Aug 26, 2008 3:26:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 08/26/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company's total number of outstanding shares of Common Stock are in the amount of 27,922,377,817; as confirmed in a number of Form 8-K filings in respect of the Company's substantial repurchases of its shares of Common Stock, that being coupled with the cancellation of certain shares of the Company's Common Stock issued in respect of "Signing bonuses."
The Company is preparing all of the stock cancellation paperwork for submission to the Transfer Agent. The Company categorically states, confirms and undertakes that our number of outstanding shares as published by ourselves is indeed 100% accurate and correct. The Company expects that the Transfer Agent will be in a position to verify that our calculations are correct, by no later than early next week. The Transfer Agent is in no position to verify our number of outstanding shares of Common Stock until such time as they receive the all of the requisite paperwork and stock certificates, from ourselves, for immediate cancellation.
Alan Santini, the CEO of Fortress Financial Group, Inc., "confirmed that he clearly understood that this was a top priority for the Company at this time due to the imminent announcement of the Record Date of the Extraordinary Dividend." Alan Santini added "that he would ensure that the Transfer Agent was in possession of all cancellation requests within days."
Various stockholders who are required to file both Form 13(g) and Form 13(d) filings in respect of their stockholdings in the Company; have indicated that they will do so, upon confirmation from the Transfer Agent that our published outstanding shares of Common Stock are correct.
PGPM: Pilgrim Petroleum Announces Re-Alignment of Its Corporate Strategy
Aug 26, 2008 8:30:00 AM
DALLAS, TX -- (MARKET WIRE) -- 08/26/08 -- Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV), announces an internal re-alignment and reorganization of its business as a result of the latest transaction event with Implantable Vision Ltd. Pilgrim Petroleum Corporation will redirect its Corporate Strategy by exclusively focusing on its Oilfield Service Operations. This consolidation on Pilgrim's activities will provide and stabilize a leaner corporation, easier to streamline operations to improve cost controls and focus on revenue generation. These are the key elements of Pilgrim's ongoing productivity initiative. Pilgrim is also expected to generate significant operating efficiencies and accelerate the delivery of strategic technologies to the marketplace. As the company moves forward, it plans to improve its competitive position within the Oilfield Service Industry among independent oil and gas companies on domestic onshore basins of West Texas and Mid Continent regions, looking into a more extended service with more powerful capabilities to ensure high quality of service, safety, security and environment.
Pilgrim together with its subsidiary American Petroleum Corporation will expand its customer portfolio and continue its corporate strategy to provide customers with all of the products and services they need before, during and after drilling operations.
Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "The reorganization represents the next step in our process to re-position Pilgrim for continued success in today's Energy Industry. We have defined our longer-term strategy and areas of focus; now we are aligning our organization and leadership to execute our business plan."
MSGI Security Solutions Announces Acceleration of Sub-Contracting Agreement to $100 Million Annually
Aug 26, 2008 11:00:00 AM
View Additional ProfilesNEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- MSGI Security Solutions, Inc. (OTC Bulletin Board: MSGI) "MSGI" today reported an acceleration of certain sub-contracting agreements with its Korean business partners resulting in projected gross revenues of $100 million annually. The business acceleration is expected to begin in September.
On October 26, 2006, MSGI entered into a sub-contracting agreement with Hyundai Syscomm Corp. to provide wireless video surveillance solutions. On May 23, 2007, MSGI entered into a sub-contracting and distribution agreement with Apro Media Corp. to provide commercial security services to a Fortune 100 defense contractor. Apro Media Corp. would potentially earn 16 million shares of MSGI over the course of seven years in exchange for the business. On August 22, 2008 MSGI negotiated an acceleration of both sub-contracting agreements with Hirsch Capital Corp., the San Francisco based private equity firm operating Hyundai Syscomm and Apro Media.
Under the accelerated terms, MSGI would ramp up to a platform generating approximately $100 million in annual gross revenue supporting several of the largest commercial businesses in Korea. There will be additional revenue from sales to the Fortune 100 defense contractor as well. As part of this expansion MSGI will become the beneficiary of various technology transfers. These new assets are expected to include Hi-Definition Video Surveillance systems, Hi-Definition DVR systems and emerging RFID Technology. Based upon the binding commitment to expand MSGI to a run rate of $100 million in annual gross revenue, Hirsch Capital will have the right to earn shares of MSGI as indicated in the sub-contracting and distribution agreement referenced above.
MSGI executive staff will be increased to support the new business and technical operations will be relocated to Northern California within the next few months. Subsequent progress reports on the status of this business acceleration will be issued throughout the remainder of the current quarter.
PVCT: Professor John F. Thompson to Present at Perspectives in Melanoma XII, Thursday October 2, 2008
Conference to be Held at the Steigenberger Kurhaus Hotel in The Hague, Netherlands, October 2-4, 2008Aug 26, 2008 9:38:00 AM
Copyright Business Wire 2008
KNOXVILLE, Tenn.--(BUSINESS WIRE)--
Provectus Pharmaceuticals, Inc. (OTC BB: PVCT), a development-stage oncology and dermatology biopharmaceutical company, announced today that the Lead Investigator for its phase 2 melanoma study, Professor John F. Thompson, MD, will present clinical data on PV-10 at the Perspectives in Melanoma XII meeting at The Hague, The Netherlands. Professor Thompson's presentation, entitled "PV-10 Chemoablation of cutaneous and subcutaneous metastatic melanoma," is scheduled for the afternoon symposium on emerging therapies scheduled for approximately 2:20 pm local time on Thursday October 2nd, 2008.
"The presentation by Professor Thompson is expected to report data from the completed phase 1 clinical trial, as well as providing an update on the current phase 2 study," noted Craig Dees, PhD, CEO of Provectus.
Dees continued, "Professor Thompson is one of the world's foremost authorities on melanoma treatment and the global lead investigator for our PV-10 clinical trials. He recently made a presentation on July 25, 2008, at the inaugural Sydney Cancer Conference 2008, which can be accessed via our website (www.pvct.com). In addition, 'The 7:30 Report,' a highly acclaimed Australian Broadcasting Corporation current affairs program airing in Australia, ran a story entitled: 'Melanoma breakthrough: a simple and less invasive cure' on the treatment of melanoma with PV-10, which is also accessible on Provectus' website.
Dees continued, "We announced recently that the first twenty-five percent (20 of 80) of melanoma subjects have been treated in the phase 2 study, with enrollment continuing at centers in Brisbane and Sydney, Australia, and at the M.D. Anderson Cancer Center in Houston, TX. We expect to announce additional sites in Australia and the U.S. in the coming months."
According to the American Cancer Society, in 2008 more than 62,000 people are expected to be diagnosed with melanoma in the in the US , the most serious form of skin cancer, leading to over 8,000 deaths this year.
SPNG: SpongeTech(R) Delivery Systems | DUSS: Dussault Apparel | ESPH: Ecosphere Technologies | MTKY: Mechanical Technology, Incorporated
SPNG: SpongeTech(R) Delivery Systems, Inc. Sponsored Darryl Strawberry Foundation's 2nd Annual Charity Golf Classic
Sports Greats and Celebrities Take a Swing Against Developmental Disorder to Support Foundation for Children and Families Affected by Autism
Aug 26, 2008 9:30:00 AM
NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG, www.spongetech.com) a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology, sponsored the Darryl Strawberry Foundation Golf Outing for Children and Families Affected by Autism on Monday, August 25th at the Bethpage State Park in Farmingdale, New York.
Among the sports greats in attendance were: Carl Banks, Sam Rosen, John Starks, Willie Upshaw, Ozzie Smith, Ray Lucas, Curtis McGriff, Bruce Harper, and Ron Darling, among others.
SpongeTech has a partnership with the Darryl Strawberry Foundation whereby the Company has committed to donate a percentage of its children's bath sponge, Puddle Pals, revenues to the Darryl Strawberry Foundation. Puddle Pals is a baby bath toy filled with hypoallergenic soap, with each sponge capable of up to eight washes.
"We were pleased to be a part of an event to support such an important cause," said Steven Moskowitz, COO of SpongeTech. "We believe our technologies have great potential to grow in popularity as we continue to market and promote SpongeTech's products. We look forward to continuing to support this foundation and to participate in other marketing opportunities as our company remains on track for future growth."
DUSS: Dussault Apparel(TM) & Gene Simmons eXtreme MoneyBag(TM) Announce Sponsorship of Elite Canadian Snowboarder Ryan R. Rausch
Aug 26, 2008 9:00:00 AM
LOS ANGELES, CA -- (MARKET WIRE) -- 08/26/08 -- Dussault Apparel, Inc. (OTCBB: DUSS) -- Dussault Apparel(TM) Founder, Chairman and Head Designer, Jason Dussault, is pleased to announce the Company has an agreement with world class snowboarder Ryan R. Rausch to promote the Company's product as a corporate ambassador across the world in the ski and snowboard marketplace, a new and exciting arena for Dussault Apparel(TM) to market its product to.
Jason Dussault, Dussault Apparel(TM) Founder, comments, "The ski and snowboarding marketplace is a new one for Dussault(TM) and eXtreme MoneyBag(TM) and we are excited to have Ryan Rausch out on the slopes and in the resorts and villages representing our lines and spreading the good word of our company and its product. We expect to see Ryan on the winners podium rocking eXtreme Moneybag(TM) apparel many times this season! Ryan is the first of what we hope are many pro riders we will be sponsoring."
The deal calls for Rausch to wear eXtreme MoneyBag(TM) and Dussault Apparel(TM) clothing and accessories during domestic and international snowboarding contests as well as on the slopes during off-time. Rausch will also promote the two product lines to ski and snowboard retailers around the world as he competes on the snowboarding circuit. Having extensive connections within the marketplace, Rausch will help increase the eXtreme MoneyBag(TM) and Dussault Apparel(TM) penetration into the winter sports world, using his celebrity name and status.
Ryan R. Rausch has been called one of Canada's future "greatest snowboarders of all time." A member of the world's pro elite snowboarders, Ryan has 8 top 10 contest finishes since 2006, with 2 wins. Both first place finishes took place in Japan, known to be one of the most difficult and challenging snowboarding locations in the world circuit. His first win was back in March, 2006 at the All Japan Nationals Slopestyle contest. Ryan's second win was a year later, February, 2007 at the PSA Nango Challenge Cup Halfpipe. Coming off these two sensational wins back to back within his first year on the circuit, Ryan was named the PSA (Pro Snowboard Asia) Tour Champion and Rookie of the Year.
This year and into 2009, Ryan will be competing in all the major contests and events around the world: North American, Europe and Asia, and looks forward to adding more wins to his already impressive collection. His attendance at the prestigious Canadian Nationals and Telus World Ski and Snowboard Festival, both in 2009, will garner him international awareness and increase his face time within the snowboarding fan base assembly.
Ryan appeared in one of the top 10 highest rated "Gene Simmons Family Jewels" television episodes, where he was "found" by Dussault Apparel(TM) Founder Jason Dussault and Gene Simmons and asked to become the Company rider for both. Ryan also has sponsorships from seven other major manufacturers and players in the snowboarding community.
Dussault Apparel, Inc., is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its expanding product line includes custom designed hoodies, jeans, jewelry, t-shirts, hats and leather goods. An accelerated growth company, Dussault Apparel, Inc. trades on the Nasdaq OTC: BB as DUSS.
ESPH: Ecosphere Technologies Positions the Company for Growth With the Addition of Three New Board Members and New EVP of Business Development
Aug 26, 2008 8:00:00 AM
View Additional ProfilesSTUART, FL -- (MARKET WIRE) -- 08/26/08 -- Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, has added three new members to its Board of Directors, including Mr. Gene Davis, Mr. Steve Keating, and Mr. Tom Wolfe. In addition, Ecosphere hired Michael Furman as Executive Vice-President of Business Development.
Patrick Haskell, Chairman and Co-CEO, said, "Steve Keating, Gene Davis, Tom Wolfe and Michael Furman provide Ecosphere with exceptional experience in the oil and gas sector, the water filtration field, the auditing process, financial markets, and compliance. These individuals will be instrumental in helping Ecosphere Technologies reach its near and long-term goals."
J.C. "Jim" Rushing, Barry Hechtman, and Floyd Farleigh recently resigned from the Board to make room for these new additions. Mr. Haskell said, "On behalf of the Board of Directors and shareholders of Ecosphere Technologies, Inc., I would like to thank Jim, Barry, and Floyd for their Board service over the years. We would not be where we are today without their dedication and loyalty to Ecosphere."
Gene H. Davis is a Vice President and General Manger, Denver Division, of NFR Energy, LLC, a privately funded oil and gas exploration and production company with assets in East Texas and Montana. Mr. Davis has managed annual lease acquisition and drilling budgets in excess of $75 million and has been involved in the drilling and completion of more than 1,500 wells in his 30-year career in the oil and gas business.
D. Stephen Keating's career includes spending the past 20 years with CA, Inc. where he was most recently the Vice President, Worldwide Taxes. Mr. Keating helped negotiate and implement global tax policies, while also negotiating with global tax authorities on behalf of CA.
Mr. Tom Wolfe most recently served as the Chief Technical Officer and Senior VP for R&D for Open Energy Corp (OEGY) which had acquired WaterEye Corporation, a web-based remote technology and monitoring services company for water treatment operations on a worldwide basis. Mr. Wolfe was the founder and President/CEO of WaterEye.
Mr. Wolfe has extensive experience with reverse osmosis and thermal processes for water production and expertise in the design of industrial systems for products such as silica, sodium chloride, ammonium sulfate, and calcium salts. In the membrane field, Mr. Wolfe has made many contributions to the technology. He is one of the pioneers in the reverse osmosis field and participated in many of the innovations, which have made reverse osmosis a commercial product.
Michael Furman was appointed Executive Vice President in charge of business development in August 2008. Mr. Furman is a former Managing Director at HSBC and Credit Suisse, where he was the Co-Head of US Interest Rate Sales. From 1988 through March 2005, he was employed by Credit Suisse First Boston, now known as Credit Suisse. From 2000 until 2005, Mr. Furman was Managing Director and Co-Head of US Rates Sales. From March 2005 through December 2006, he was Managing Director and Co-Head of US Rate Sales at HSBC. Since March 2007, Mike has served as a Principal with Powelton Capital Management, a financial services firm based in Manhattan, where his responsibilities included capital raising, sales, customer relations, and portfolio management.
MKTY: MTI Applies for Transfer to the Nasdaq Capital Market
Aug 26, 2008 4:15:00 PMCopyright Business Wire 2008
ALBANY, N.Y.--(BUSINESS WIRE)--
Mechanical Technology, Incorporated ("MTI" or "the Company") (NASDAQ: MKTY) today announced that it has applied to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market. The Company no longer meets the continued listing standards for the Nasdaq Global Market because, as reported in its Quarterly Report on Form 10-Q for the period ended June 30, 2008, the Company no longer satisfies the $10 million minimum stockholders' equity requirement set forth in Marketplace Rule 4450(a)(3).
The Company received a Staff Deficiency Letter from the Nasdaq Stock Market regarding its failure to meet this minimum stockholders' equity requirement on August 20, 2008. After evaluating the letter, the Company determined that at this time it was more advantageous to pursue a transfer to the Nasdaq Capital Market than attempting to maintain its listing on the Nasdaq Global Market.
Sports Greats and Celebrities Take a Swing Against Developmental Disorder to Support Foundation for Children and Families Affected by Autism
Aug 26, 2008 9:30:00 AM
NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG, www.spongetech.com) a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology, sponsored the Darryl Strawberry Foundation Golf Outing for Children and Families Affected by Autism on Monday, August 25th at the Bethpage State Park in Farmingdale, New York.
Among the sports greats in attendance were: Carl Banks, Sam Rosen, John Starks, Willie Upshaw, Ozzie Smith, Ray Lucas, Curtis McGriff, Bruce Harper, and Ron Darling, among others.
SpongeTech has a partnership with the Darryl Strawberry Foundation whereby the Company has committed to donate a percentage of its children's bath sponge, Puddle Pals, revenues to the Darryl Strawberry Foundation. Puddle Pals is a baby bath toy filled with hypoallergenic soap, with each sponge capable of up to eight washes.
"We were pleased to be a part of an event to support such an important cause," said Steven Moskowitz, COO of SpongeTech. "We believe our technologies have great potential to grow in popularity as we continue to market and promote SpongeTech's products. We look forward to continuing to support this foundation and to participate in other marketing opportunities as our company remains on track for future growth."
DUSS: Dussault Apparel(TM) & Gene Simmons eXtreme MoneyBag(TM) Announce Sponsorship of Elite Canadian Snowboarder Ryan R. Rausch
Aug 26, 2008 9:00:00 AM
LOS ANGELES, CA -- (MARKET WIRE) -- 08/26/08 -- Dussault Apparel, Inc. (OTCBB: DUSS) -- Dussault Apparel(TM) Founder, Chairman and Head Designer, Jason Dussault, is pleased to announce the Company has an agreement with world class snowboarder Ryan R. Rausch to promote the Company's product as a corporate ambassador across the world in the ski and snowboard marketplace, a new and exciting arena for Dussault Apparel(TM) to market its product to.
Jason Dussault, Dussault Apparel(TM) Founder, comments, "The ski and snowboarding marketplace is a new one for Dussault(TM) and eXtreme MoneyBag(TM) and we are excited to have Ryan Rausch out on the slopes and in the resorts and villages representing our lines and spreading the good word of our company and its product. We expect to see Ryan on the winners podium rocking eXtreme Moneybag(TM) apparel many times this season! Ryan is the first of what we hope are many pro riders we will be sponsoring."
The deal calls for Rausch to wear eXtreme MoneyBag(TM) and Dussault Apparel(TM) clothing and accessories during domestic and international snowboarding contests as well as on the slopes during off-time. Rausch will also promote the two product lines to ski and snowboard retailers around the world as he competes on the snowboarding circuit. Having extensive connections within the marketplace, Rausch will help increase the eXtreme MoneyBag(TM) and Dussault Apparel(TM) penetration into the winter sports world, using his celebrity name and status.
Ryan R. Rausch has been called one of Canada's future "greatest snowboarders of all time." A member of the world's pro elite snowboarders, Ryan has 8 top 10 contest finishes since 2006, with 2 wins. Both first place finishes took place in Japan, known to be one of the most difficult and challenging snowboarding locations in the world circuit. His first win was back in March, 2006 at the All Japan Nationals Slopestyle contest. Ryan's second win was a year later, February, 2007 at the PSA Nango Challenge Cup Halfpipe. Coming off these two sensational wins back to back within his first year on the circuit, Ryan was named the PSA (Pro Snowboard Asia) Tour Champion and Rookie of the Year.
This year and into 2009, Ryan will be competing in all the major contests and events around the world: North American, Europe and Asia, and looks forward to adding more wins to his already impressive collection. His attendance at the prestigious Canadian Nationals and Telus World Ski and Snowboard Festival, both in 2009, will garner him international awareness and increase his face time within the snowboarding fan base assembly.
Ryan appeared in one of the top 10 highest rated "Gene Simmons Family Jewels" television episodes, where he was "found" by Dussault Apparel(TM) Founder Jason Dussault and Gene Simmons and asked to become the Company rider for both. Ryan also has sponsorships from seven other major manufacturers and players in the snowboarding community.
Dussault Apparel, Inc., is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its expanding product line includes custom designed hoodies, jeans, jewelry, t-shirts, hats and leather goods. An accelerated growth company, Dussault Apparel, Inc. trades on the Nasdaq OTC: BB as DUSS.
ESPH: Ecosphere Technologies Positions the Company for Growth With the Addition of Three New Board Members and New EVP of Business Development
Aug 26, 2008 8:00:00 AM
View Additional ProfilesSTUART, FL -- (MARKET WIRE) -- 08/26/08 -- Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, has added three new members to its Board of Directors, including Mr. Gene Davis, Mr. Steve Keating, and Mr. Tom Wolfe. In addition, Ecosphere hired Michael Furman as Executive Vice-President of Business Development.
Patrick Haskell, Chairman and Co-CEO, said, "Steve Keating, Gene Davis, Tom Wolfe and Michael Furman provide Ecosphere with exceptional experience in the oil and gas sector, the water filtration field, the auditing process, financial markets, and compliance. These individuals will be instrumental in helping Ecosphere Technologies reach its near and long-term goals."
J.C. "Jim" Rushing, Barry Hechtman, and Floyd Farleigh recently resigned from the Board to make room for these new additions. Mr. Haskell said, "On behalf of the Board of Directors and shareholders of Ecosphere Technologies, Inc., I would like to thank Jim, Barry, and Floyd for their Board service over the years. We would not be where we are today without their dedication and loyalty to Ecosphere."
Gene H. Davis is a Vice President and General Manger, Denver Division, of NFR Energy, LLC, a privately funded oil and gas exploration and production company with assets in East Texas and Montana. Mr. Davis has managed annual lease acquisition and drilling budgets in excess of $75 million and has been involved in the drilling and completion of more than 1,500 wells in his 30-year career in the oil and gas business.
D. Stephen Keating's career includes spending the past 20 years with CA, Inc. where he was most recently the Vice President, Worldwide Taxes. Mr. Keating helped negotiate and implement global tax policies, while also negotiating with global tax authorities on behalf of CA.
Mr. Tom Wolfe most recently served as the Chief Technical Officer and Senior VP for R&D for Open Energy Corp (OEGY) which had acquired WaterEye Corporation, a web-based remote technology and monitoring services company for water treatment operations on a worldwide basis. Mr. Wolfe was the founder and President/CEO of WaterEye.
Mr. Wolfe has extensive experience with reverse osmosis and thermal processes for water production and expertise in the design of industrial systems for products such as silica, sodium chloride, ammonium sulfate, and calcium salts. In the membrane field, Mr. Wolfe has made many contributions to the technology. He is one of the pioneers in the reverse osmosis field and participated in many of the innovations, which have made reverse osmosis a commercial product.
Michael Furman was appointed Executive Vice President in charge of business development in August 2008. Mr. Furman is a former Managing Director at HSBC and Credit Suisse, where he was the Co-Head of US Interest Rate Sales. From 1988 through March 2005, he was employed by Credit Suisse First Boston, now known as Credit Suisse. From 2000 until 2005, Mr. Furman was Managing Director and Co-Head of US Rates Sales. From March 2005 through December 2006, he was Managing Director and Co-Head of US Rate Sales at HSBC. Since March 2007, Mike has served as a Principal with Powelton Capital Management, a financial services firm based in Manhattan, where his responsibilities included capital raising, sales, customer relations, and portfolio management.
MKTY: MTI Applies for Transfer to the Nasdaq Capital Market
Aug 26, 2008 4:15:00 PMCopyright Business Wire 2008
ALBANY, N.Y.--(BUSINESS WIRE)--
Mechanical Technology, Incorporated ("MTI" or "the Company") (NASDAQ: MKTY) today announced that it has applied to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market. The Company no longer meets the continued listing standards for the Nasdaq Global Market because, as reported in its Quarterly Report on Form 10-Q for the period ended June 30, 2008, the Company no longer satisfies the $10 million minimum stockholders' equity requirement set forth in Marketplace Rule 4450(a)(3).
The Company received a Staff Deficiency Letter from the Nasdaq Stock Market regarding its failure to meet this minimum stockholders' equity requirement on August 20, 2008. After evaluating the letter, the Company determined that at this time it was more advantageous to pursue a transfer to the Nasdaq Capital Market than attempting to maintain its listing on the Nasdaq Global Market.
Stocks In The News | HGLC: Hunt Gold Corp. | FGOC: Firstgold Corp. | EXPH: Expo Holdings, Inc. | BVSN: BroadVision, Inc.,
Hunt Gold Corporation -- Sale of Molybdenum Interests
Company Confirms the Sale of American Molygold CorpAug 26, 2008 1:27:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 08/26/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announces the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp.
The sale amount is US$620 million to be settled in shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum. The sale will be completed upon the transfer of title of the various claims held by American Molygold Corp, to the Purchaser.
As announced on August 15, 2008, the Company announced that it intended to distribute all of the proceeds from the sale of American Molygold Corp to its stockholders; upon receipt of these proceeds. This Stock Dividend has been approved in writing by stockholders holding in excess of 75% of this Company's Common Stock, including the Private Equity Group which holds circa 31% of your Company's outstanding shares of Common Stock.
This will result in a Stock Dividend payout to stockholders valued at US$0.0021 per 1 (one) share of Hunt Gold Corporation Common Stock.
Stockholders will be advised once the "Record Date" and "Pay Date" of this Stock Dividend has been declared.
Hunt Gold Corporation intends to focus exclusively on the Exploration and Mining of its existing Gold properties. The Company does not need to place any shares for cash, nor does it need to retain any of the proceeds from the sale of American Molygold Corp; as it is funding the exploration of its Gold Mining interests through traditional Bank Mortgage Finance.
Molybdenum has become very important as demand for moly is tied to demand for steel used in the petroleum industry (e.g. drill pipe, pipeline construction), which will benefit from accelerated petroleum exploration and development in an era of high oil prices.
Firstgold Corp. Announces That It Has Received All Permits Necessary to Begin Production
Aug 26, 2008 10:20:00 AM
CAMERON PARK, CALIFORNIA--(Marketwire - Aug. 26, 2008) - Firstgold Corp. (TSX:FGD)(OTCBB:FGOC) announced today that it has received its Reclamation Permit from the Nevada Department of Environmental Protection, which completes its permitting process to fully revise the Plan of Operations and begin production at the Relief Canyon Mine. The permit is contingent on the company increasing its reclamation bond to $2.8 million bond with the BLM. The company has deposited the required amount and is awaiting the BLM's adjudication of the bond which it expects to receive by the end of this month. Upon completion of the bonding process, Firstgold will draw down on the second tranche of its recent financing for an additional net amount of $3.89 million (US).
This permit is the final step of a permitting process that has taken nearly 3 years to complete. This allows the company to begin construction of the new heap leach pad and completes the permitting for processing of ore at the Relief Canyon Mine. Construction of the new heap leach pad is scheduled to commence the week of September 1, 2008, and scheduled for completion by the week of October 15, 2008, at which time the company will begin stacking ore for processing. Firstgold plans to produce its first gold product between November 1 and November 15. Firstgold is optimistic that there will be no delays due to the adjudication of Firstgold's bond or weather related delays, although either could cause an adjustment to this schedule.
Steve Akerfeldt, Firstgold's CEO stated, "I am thrilled to have reached this stage. Our team has been working diligently to accomplish this goal, and we are pleased to finally move to the next phase."
Additionally, the company has recently received its Water Pollution Control Permit and Air Quality Permit, which allow for the construction and operation of the ADR Process Plant and crushing facility. Firstgold anticipates the completion of the process plant at the end of August, with the completion of the crushers shortly to follow.
Firstgold currently leases over 35,000 acres of prime exploration property in Nevada. Its principal project is Relief Canyon. The Relief Canyon mine has completed its permitting for production in the state of Nevada and the company is working to bring the mine into full operation by this fall. Relief Canyon is located outside Lovelock Nevada on the site of the previously producing Pegasus Gold Mine. Additional information about Firstgold Corp. can be found by visiting its web site at www.firstgoldcorp.com.
Expo Holdings, Inc. Completes Prototype Phase, Ships Initial Orders to Stanley
Aug 26, 2008 10:16:00 AM
NORTH WILKESBORO, NC -- (MARKET WIRE) -- 08/26/08 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly owns D&D Displays, Inc., has completed prototype phase and has delivered first shipments to Stanley (The Stanley Works).
James D. Brown, Expo Holdings CEO, stated, "We are pleased to have delivered prototypes and now 8 completed displays to Stanley. The feedback has been very positive and we now expect to participate in a 2009 project of great size and scale. The company anticipates any orders this year will be light, however, we consider landing Stanley as a client as a major accomplishment."
Additionally, J.D. stated, "We believe our nation's retailers have what we call 'pent up demand' related to the recent economic slowdown. Fuel prices continue to drop and that's putting additional dollars in consumer's hands. We believe retailers will soon scramble for these extra dollars. Displays are an integral part of this process. That's a good thing for Expo."
Wiener Stadtwerke Group Upgrades all Services Websites to BroadVision Solution
Vienna's Largest Local Infrastructure Company Revitalises All Its Services Internet Sites Using BroadVision's Latest Technology to Modernize The Group Image and Lower Overall Operational Costs
Aug 26, 2008 9:00:00 AM
Copyright Business Wire 2008
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
BroadVision, Inc., (OTCBB:BVSN), a global provider of strategic e-business solutions, today announces that Wiener Stadtwerke (www.wienerstadtwerke.at), a company with divisions for energy services, IT services, funeral services and the provider for largest local infrastructure services in Austria has upgraded and re-launched all existing sites to the BroadVision(R) Business Agility Suite(TM) (BAS) solution.
Following the upgrade of the Intranet to BroadVision BAS, WienIT (www.wienit.at), the central and universal IT provider of the Wiener Stadtwerke group, has re-launched in a strategic move all 6 of their existing sites on the latest version of the BroadVision Portal delivering 15 new independent services in one standardized platform. The underlying structure of this platform was modernized and updated to leverage the advantages and scalability of the BroadVision architecture enabling improved performance and a reduction in overall infrastructure and platform maintenance.
The project team's target was to re-launch in readiness for the EURO 2008 Soccer Championships to cater for the influx of international visitors as well as improving services for the citizens of Vienna (www.wienerlinien.at). The sites provide integration of payment services and overall media management via a central media database as well as introducing new design and usability concepts to enhance the overall user experience with particular focus on the energy services (www.wienenergie.at).
"It was imperative to ensure our business could grow and at the same time give us the flexibility that we need and BroadVision's latest solution gave us that edge," says Mr. Hans Tlapak, Project Manager of Wiener Stadtwerke Holding AG.
The Wiener Stadtwerke group now has a modern, highly usable platform that not only provides a solid foundation for the rapid deployment of future services and initiatives with re-usable features to lower the overall time-to-launch, but will immediately deliver reduced operational costs.
"We are pleased that Wiener Stadtwerke has grown so much over the years," concludes Andrea Rubei, Vice President and General Manager for Europe, Middle East and Africa of BroadVision. "Moreover, Wiener Stadtwerke and their IT services division, WienIT, is another proof point of the robustness of our solutions: flexible enough to adapt quickly to changing business conditions and scalable enough to grow to support a variety of services, customer interactions and product data."
Company Confirms the Sale of American Molygold CorpAug 26, 2008 1:27:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 08/26/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announces the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp.
The sale amount is US$620 million to be settled in shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum. The sale will be completed upon the transfer of title of the various claims held by American Molygold Corp, to the Purchaser.
As announced on August 15, 2008, the Company announced that it intended to distribute all of the proceeds from the sale of American Molygold Corp to its stockholders; upon receipt of these proceeds. This Stock Dividend has been approved in writing by stockholders holding in excess of 75% of this Company's Common Stock, including the Private Equity Group which holds circa 31% of your Company's outstanding shares of Common Stock.
This will result in a Stock Dividend payout to stockholders valued at US$0.0021 per 1 (one) share of Hunt Gold Corporation Common Stock.
Stockholders will be advised once the "Record Date" and "Pay Date" of this Stock Dividend has been declared.
Hunt Gold Corporation intends to focus exclusively on the Exploration and Mining of its existing Gold properties. The Company does not need to place any shares for cash, nor does it need to retain any of the proceeds from the sale of American Molygold Corp; as it is funding the exploration of its Gold Mining interests through traditional Bank Mortgage Finance.
Molybdenum has become very important as demand for moly is tied to demand for steel used in the petroleum industry (e.g. drill pipe, pipeline construction), which will benefit from accelerated petroleum exploration and development in an era of high oil prices.
Firstgold Corp. Announces That It Has Received All Permits Necessary to Begin Production
Aug 26, 2008 10:20:00 AM
CAMERON PARK, CALIFORNIA--(Marketwire - Aug. 26, 2008) - Firstgold Corp. (TSX:FGD)(OTCBB:FGOC) announced today that it has received its Reclamation Permit from the Nevada Department of Environmental Protection, which completes its permitting process to fully revise the Plan of Operations and begin production at the Relief Canyon Mine. The permit is contingent on the company increasing its reclamation bond to $2.8 million bond with the BLM. The company has deposited the required amount and is awaiting the BLM's adjudication of the bond which it expects to receive by the end of this month. Upon completion of the bonding process, Firstgold will draw down on the second tranche of its recent financing for an additional net amount of $3.89 million (US).
This permit is the final step of a permitting process that has taken nearly 3 years to complete. This allows the company to begin construction of the new heap leach pad and completes the permitting for processing of ore at the Relief Canyon Mine. Construction of the new heap leach pad is scheduled to commence the week of September 1, 2008, and scheduled for completion by the week of October 15, 2008, at which time the company will begin stacking ore for processing. Firstgold plans to produce its first gold product between November 1 and November 15. Firstgold is optimistic that there will be no delays due to the adjudication of Firstgold's bond or weather related delays, although either could cause an adjustment to this schedule.
Steve Akerfeldt, Firstgold's CEO stated, "I am thrilled to have reached this stage. Our team has been working diligently to accomplish this goal, and we are pleased to finally move to the next phase."
Additionally, the company has recently received its Water Pollution Control Permit and Air Quality Permit, which allow for the construction and operation of the ADR Process Plant and crushing facility. Firstgold anticipates the completion of the process plant at the end of August, with the completion of the crushers shortly to follow.
Firstgold currently leases over 35,000 acres of prime exploration property in Nevada. Its principal project is Relief Canyon. The Relief Canyon mine has completed its permitting for production in the state of Nevada and the company is working to bring the mine into full operation by this fall. Relief Canyon is located outside Lovelock Nevada on the site of the previously producing Pegasus Gold Mine. Additional information about Firstgold Corp. can be found by visiting its web site at www.firstgoldcorp.com.
Expo Holdings, Inc. Completes Prototype Phase, Ships Initial Orders to Stanley
Aug 26, 2008 10:16:00 AM
NORTH WILKESBORO, NC -- (MARKET WIRE) -- 08/26/08 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly owns D&D Displays, Inc., has completed prototype phase and has delivered first shipments to Stanley (The Stanley Works).
James D. Brown, Expo Holdings CEO, stated, "We are pleased to have delivered prototypes and now 8 completed displays to Stanley. The feedback has been very positive and we now expect to participate in a 2009 project of great size and scale. The company anticipates any orders this year will be light, however, we consider landing Stanley as a client as a major accomplishment."
Additionally, J.D. stated, "We believe our nation's retailers have what we call 'pent up demand' related to the recent economic slowdown. Fuel prices continue to drop and that's putting additional dollars in consumer's hands. We believe retailers will soon scramble for these extra dollars. Displays are an integral part of this process. That's a good thing for Expo."
Wiener Stadtwerke Group Upgrades all Services Websites to BroadVision Solution
Vienna's Largest Local Infrastructure Company Revitalises All Its Services Internet Sites Using BroadVision's Latest Technology to Modernize The Group Image and Lower Overall Operational Costs
Aug 26, 2008 9:00:00 AM
Copyright Business Wire 2008
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
BroadVision, Inc., (OTCBB:BVSN), a global provider of strategic e-business solutions, today announces that Wiener Stadtwerke (www.wienerstadtwerke.at), a company with divisions for energy services, IT services, funeral services and the provider for largest local infrastructure services in Austria has upgraded and re-launched all existing sites to the BroadVision(R) Business Agility Suite(TM) (BAS) solution.
Following the upgrade of the Intranet to BroadVision BAS, WienIT (www.wienit.at), the central and universal IT provider of the Wiener Stadtwerke group, has re-launched in a strategic move all 6 of their existing sites on the latest version of the BroadVision Portal delivering 15 new independent services in one standardized platform. The underlying structure of this platform was modernized and updated to leverage the advantages and scalability of the BroadVision architecture enabling improved performance and a reduction in overall infrastructure and platform maintenance.
The project team's target was to re-launch in readiness for the EURO 2008 Soccer Championships to cater for the influx of international visitors as well as improving services for the citizens of Vienna (www.wienerlinien.at). The sites provide integration of payment services and overall media management via a central media database as well as introducing new design and usability concepts to enhance the overall user experience with particular focus on the energy services (www.wienenergie.at).
"It was imperative to ensure our business could grow and at the same time give us the flexibility that we need and BroadVision's latest solution gave us that edge," says Mr. Hans Tlapak, Project Manager of Wiener Stadtwerke Holding AG.
The Wiener Stadtwerke group now has a modern, highly usable platform that not only provides a solid foundation for the rapid deployment of future services and initiatives with re-usable features to lower the overall time-to-launch, but will immediately deliver reduced operational costs.
"We are pleased that Wiener Stadtwerke has grown so much over the years," concludes Andrea Rubei, Vice President and General Manager for Europe, Middle East and Africa of BroadVision. "Moreover, Wiener Stadtwerke and their IT services division, WienIT, is another proof point of the robustness of our solutions: flexible enough to adapt quickly to changing business conditions and scalable enough to grow to support a variety of services, customer interactions and product data."
1000 Penny Stocks | Using Support And Resistance
Using Support And Resistance With Penny Stocks
Support And Resistance Levels With Penny Stocks
One of the most important tools available when trading penny stocks is the use of support and resistance. Support and Resistance is the basis of most technical analysis chart patterns and are two of the most widely used technical indicators in trading and investing, largely due to their ease of use and relevance. Support and resistance is based on the concept in technical analysis that the price of a stock will reverse at certain predetermined price levels, usually in areas where the stock has reversed directly previously.
Support and resistance lines can give penny stock traders valuable clues about the possible future price movement of a stock and establish a trading range. Trading ranges can play an important role in determining support and resistance as turning points or as continuation patterns. Once a trading range has been established, it is possible to trade in and out of one penny stock over a long period of time, often buying the penny stock when it reaches established support and selling once the penny stock reaches established resistance. After selling, it may take a few weeks or months for the stock to return to support levels before re-entry and repeating the process.
Another term for a trading range is a channel. Most stocks trade within a channel, or a narrow band of support and resistance. Usually for a penny stock to break out of this channel, requires a significant event. Often a breakout from an established trading range can be the result of good news or more than expected revenues announced by the company, resulting in more investors purchasing shares and pushing the price upwards.
Once this happens and the stock breaks through established resistance, the established resistance line becomes new support for the penny stock. Many times this scenario can be best described as a bouncing ball breaking through a ceiling with the ceiling now becoming the floor on the next level. This process also works in reverse. If the company releases news that earnings are less than expected or a contract was lost with a vital customer, investors will head for the exits applying selling pressure on the stock price. Where established support once existed, now support has become the new resistance line. A new support level for the stock must be established. Support and resistance is like a floor and a ceiling, with prices sandwiched between them.
Used alone, support and resistance levels can be a powerful indicator when trying to establish entry and exit points. Coupled with other indicators, the power of support and resistance levels only increases this potential. To be successful at penny stock trading, a trader must use time and study to establish a trading system that works and is profitable. Using support and resistance levels will enhance any trading system and increase your chances of being successful in trading penny stocks.
Using Speculation To Invest In Penny Stocks
Many people are attracted to the stock market, as they should be for investment purposes. The stock market has always been a valid option for people to build a retirement fund or a nest egg over time, provided they are savvy enough to pick the correct stock or fund. Many times, there is not enough time to devote to financial planning so a reputable financial planner is enlisted for guidance. This scenario is the usual way people approach the stock market, however, speculation is another way people use the stock market to make money.
Speculation comes in many forms with the stock market, usually by people that have enough disposable income to absorb a loss. Futures trading or commodity trading is one form of highly speculative investing or trading. Another is option trading. Stock options are derivatives that get their value from the underlying stock and can be highly speculative as they can expire worthless in a given period of time, unlike stocks. One good thing about stock options, the amount of money a person can lose is the amount spent on the options, unlike short selling, which can become extreme losses if a person is on the wrong side of the trade.
Another form of speculation is penny stock trading. Penny stocks, as tradition states, are any stock that trades below five dollars. However, for the purpose of this article, any stock trading below one dollar is a true penny stock. Many people are attracted to penny stocks because of their low price and the amount of shares that can be purchased for less money than larger stocks. One major drawback of penny stocks is that they are thinly traded and can go weeks or months without a single trade being executed by market makers. Usually the companies trading on penny stock exchanges are smaller companies with little or no cash, or shell companies with no viable business operating within the shell.
Penny stocks are wrought with fraud in some cases as unscrupulous characters tout these thinly trade stocks over the Internet or newsletters, selling their shares into penny investors as the share price increases. However, this is not always the case. There are viable start up companies trading on the penny stock exchanges that have a sound business plan with exciting futures, but little cash. When penny stock investors are fortunate enough to invest in one of these companies, gains in the stock price can be one thousand percent or better.
Speculation in penny stocks unfortunately is mostly done by people with little cash available for speculation and are unable to withstand the loss. Attracted to the inexpensive cost of these stocks, speculators more time than not, lose their investment and in some cases average down by purchasing more stock as the share price tumbles with the hope that the stock will return to previous highs. In some cases the penny stock investor does realize gains after averaging down, but this is not the norm.
Penny stock investing should be approached with caution and proper research should be done before buying equity in the company. Diamonds in the rough are out there trading on the penny stock exchanges, but honest research and a critical thinking should be applied before deciding to become a shareholder in a smallcap company. Due diligence is key to making informed decisions when considering a penny stock company.
Penny Stocks And Bollinger Bands
Trading penny stocks can be a very lucrative form of trading if certain guidelines are met. One of those guidelines is having the proper tools to evaluate and chose winning penny stocks. Charting software is an important component of a trading system and within the charting software there are various indicators that a person can use when considering a penny stock investment. This article will cover one of those indicators, Bollinger Bands.
Developed by John Bollinger, Bollinger Bands are an indicator that allows traders and investors to compare volatility and relative price levels over a designated time period, a relative high or low in the instrument being traded. Two important factors are derived from the Bollinger Bands which are bandwidth, a relative measure of the width of the bands from each other, and a measure of where the last price is in relation to the bands. Having evolved from the concept of trading bands, Bollinger Bands can be used to measure the low or high of the price relative to previous trades, indicated on the underlying chart.
Since their introduction, few indicators have helped traders as consistently as Bollinger Bands and the use of Bollinger Bands varies distinctly among traders. The use of Bollinger Bands is not confined strictly to stock traders, options traders often sell options when Bollinger Bands are far apart or buy options when the Bollinger Bands are close together, in both instances, expecting volatility to return back to the average volatility level for the stock or option.
Closing prices are the prices that are most often used to calculate Bollinger Bands. In addition to identifying volatility and relative price levels, Bollinger Bands can be combined with price action and other indicators to generate signals helping identify potential significant moves. By themselves, Bollinger Bands have two main functions which are to identify periods of low and high volatility as well as to identify time periods when prices are at unsustainable and extreme levels. Bollinger Bands do not give absolute buy and sell signals, and most traders agree that the bands indicate if price is at a relative high or low.
Many traders utilize Bollinger bands to determine the volatility of a stock movement and identify the time frame when the current trend of a simple moving average may be coming to an end. If the two Bollinger bands violently move apart and start moving in opposite directions, the stock has made a significant move. Of course this depends on what time frame the chart is being used. A one minute chart, for example, would not be considered an extreme move with Bollinger Bands. However, a 15 minute chart or daily chart with wide bands surrounding the candlestick would be considered a significant move. It should also be noted, when price is trading near the lower or upper Bollinger band line, there is a possibility that the current trend may be reversing. In other words, when price reaches these extremes they should be considered overbought and oversold.
Over the past twenty five years, traders have considered Bollinger Bands to be the most important and reliable tool for determining expected price action, with almost all trading software platforms including Bollinger bands as one of the primary indicators. Used in conjunction with other indicators, Bollinger Bands can be a powerful indicator to implement into a system designed for trading penny stocks.
Support And Resistance Levels With Penny Stocks
One of the most important tools available when trading penny stocks is the use of support and resistance. Support and Resistance is the basis of most technical analysis chart patterns and are two of the most widely used technical indicators in trading and investing, largely due to their ease of use and relevance. Support and resistance is based on the concept in technical analysis that the price of a stock will reverse at certain predetermined price levels, usually in areas where the stock has reversed directly previously.
Support and resistance lines can give penny stock traders valuable clues about the possible future price movement of a stock and establish a trading range. Trading ranges can play an important role in determining support and resistance as turning points or as continuation patterns. Once a trading range has been established, it is possible to trade in and out of one penny stock over a long period of time, often buying the penny stock when it reaches established support and selling once the penny stock reaches established resistance. After selling, it may take a few weeks or months for the stock to return to support levels before re-entry and repeating the process.
Another term for a trading range is a channel. Most stocks trade within a channel, or a narrow band of support and resistance. Usually for a penny stock to break out of this channel, requires a significant event. Often a breakout from an established trading range can be the result of good news or more than expected revenues announced by the company, resulting in more investors purchasing shares and pushing the price upwards.
Once this happens and the stock breaks through established resistance, the established resistance line becomes new support for the penny stock. Many times this scenario can be best described as a bouncing ball breaking through a ceiling with the ceiling now becoming the floor on the next level. This process also works in reverse. If the company releases news that earnings are less than expected or a contract was lost with a vital customer, investors will head for the exits applying selling pressure on the stock price. Where established support once existed, now support has become the new resistance line. A new support level for the stock must be established. Support and resistance is like a floor and a ceiling, with prices sandwiched between them.
Used alone, support and resistance levels can be a powerful indicator when trying to establish entry and exit points. Coupled with other indicators, the power of support and resistance levels only increases this potential. To be successful at penny stock trading, a trader must use time and study to establish a trading system that works and is profitable. Using support and resistance levels will enhance any trading system and increase your chances of being successful in trading penny stocks.
Using Speculation To Invest In Penny Stocks
Many people are attracted to the stock market, as they should be for investment purposes. The stock market has always been a valid option for people to build a retirement fund or a nest egg over time, provided they are savvy enough to pick the correct stock or fund. Many times, there is not enough time to devote to financial planning so a reputable financial planner is enlisted for guidance. This scenario is the usual way people approach the stock market, however, speculation is another way people use the stock market to make money.
Speculation comes in many forms with the stock market, usually by people that have enough disposable income to absorb a loss. Futures trading or commodity trading is one form of highly speculative investing or trading. Another is option trading. Stock options are derivatives that get their value from the underlying stock and can be highly speculative as they can expire worthless in a given period of time, unlike stocks. One good thing about stock options, the amount of money a person can lose is the amount spent on the options, unlike short selling, which can become extreme losses if a person is on the wrong side of the trade.
Another form of speculation is penny stock trading. Penny stocks, as tradition states, are any stock that trades below five dollars. However, for the purpose of this article, any stock trading below one dollar is a true penny stock. Many people are attracted to penny stocks because of their low price and the amount of shares that can be purchased for less money than larger stocks. One major drawback of penny stocks is that they are thinly traded and can go weeks or months without a single trade being executed by market makers. Usually the companies trading on penny stock exchanges are smaller companies with little or no cash, or shell companies with no viable business operating within the shell.
Penny stocks are wrought with fraud in some cases as unscrupulous characters tout these thinly trade stocks over the Internet or newsletters, selling their shares into penny investors as the share price increases. However, this is not always the case. There are viable start up companies trading on the penny stock exchanges that have a sound business plan with exciting futures, but little cash. When penny stock investors are fortunate enough to invest in one of these companies, gains in the stock price can be one thousand percent or better.
Speculation in penny stocks unfortunately is mostly done by people with little cash available for speculation and are unable to withstand the loss. Attracted to the inexpensive cost of these stocks, speculators more time than not, lose their investment and in some cases average down by purchasing more stock as the share price tumbles with the hope that the stock will return to previous highs. In some cases the penny stock investor does realize gains after averaging down, but this is not the norm.
Penny stock investing should be approached with caution and proper research should be done before buying equity in the company. Diamonds in the rough are out there trading on the penny stock exchanges, but honest research and a critical thinking should be applied before deciding to become a shareholder in a smallcap company. Due diligence is key to making informed decisions when considering a penny stock company.
Penny Stocks And Bollinger Bands
Trading penny stocks can be a very lucrative form of trading if certain guidelines are met. One of those guidelines is having the proper tools to evaluate and chose winning penny stocks. Charting software is an important component of a trading system and within the charting software there are various indicators that a person can use when considering a penny stock investment. This article will cover one of those indicators, Bollinger Bands.
Developed by John Bollinger, Bollinger Bands are an indicator that allows traders and investors to compare volatility and relative price levels over a designated time period, a relative high or low in the instrument being traded. Two important factors are derived from the Bollinger Bands which are bandwidth, a relative measure of the width of the bands from each other, and a measure of where the last price is in relation to the bands. Having evolved from the concept of trading bands, Bollinger Bands can be used to measure the low or high of the price relative to previous trades, indicated on the underlying chart.
Since their introduction, few indicators have helped traders as consistently as Bollinger Bands and the use of Bollinger Bands varies distinctly among traders. The use of Bollinger Bands is not confined strictly to stock traders, options traders often sell options when Bollinger Bands are far apart or buy options when the Bollinger Bands are close together, in both instances, expecting volatility to return back to the average volatility level for the stock or option.
Closing prices are the prices that are most often used to calculate Bollinger Bands. In addition to identifying volatility and relative price levels, Bollinger Bands can be combined with price action and other indicators to generate signals helping identify potential significant moves. By themselves, Bollinger Bands have two main functions which are to identify periods of low and high volatility as well as to identify time periods when prices are at unsustainable and extreme levels. Bollinger Bands do not give absolute buy and sell signals, and most traders agree that the bands indicate if price is at a relative high or low.
Many traders utilize Bollinger bands to determine the volatility of a stock movement and identify the time frame when the current trend of a simple moving average may be coming to an end. If the two Bollinger bands violently move apart and start moving in opposite directions, the stock has made a significant move. Of course this depends on what time frame the chart is being used. A one minute chart, for example, would not be considered an extreme move with Bollinger Bands. However, a 15 minute chart or daily chart with wide bands surrounding the candlestick would be considered a significant move. It should also be noted, when price is trading near the lower or upper Bollinger band line, there is a possibility that the current trend may be reversing. In other words, when price reaches these extremes they should be considered overbought and oversold.
Over the past twenty five years, traders have considered Bollinger Bands to be the most important and reliable tool for determining expected price action, with almost all trading software platforms including Bollinger bands as one of the primary indicators. Used in conjunction with other indicators, Bollinger Bands can be a powerful indicator to implement into a system designed for trading penny stocks.
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