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Thorium Power, Ltd. (OTCBB: THPW), is trading higher today on news released from the company. THPW opened at .24 and has hit an intrday high of .265 on very good volume of 2,579,000 shares traded. The news is as follows:
MCLEAN, VA -- (MARKET WIRE) -- 08/01/08 -- Thorium Power, Ltd. (OTCBB: THPW), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for emerging nuclear programs, today announced that it has entered into two new agreements for consulting and strategic advisory services.
The agreements are consistent with, and a result of, the UAE policy published in April 2008, for the evaluation and potential implementation of peaceful nuclear energy. Under one agreement, Thorium Power will provide strategic advice for the structuring and launch of Emirates Nuclear Energy Corporation (ENEC), the vehicle of the Government of the Emirate of Abu Dhabi that will develop and oversee nuclear energy development. Pursuant to the other agreement, Thorium Power will provide strategic advice for the development and launch of an independent nuclear regulatory agency in the UAE -- Federal Authority for Nuclear Regulation (FANR). The new agreements provide for pre-payment of $10 million USD upon signing by the government of Abu Dhabi with an additional pre-payment of $7 million USD to be paid upon formation of ENEC and FANR.
Showing posts with label A List Of Penny Stocks. Show all posts
Showing posts with label A List Of Penny Stocks. Show all posts
TBCO | Tobacco One Announces Wal-Mart Mexico To Display New Cigarette Line
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Aug 1, 2008 9:00:00 AM
Copyright Business Wire 2008
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Tobacco One, Inc. (Pink Sheets:TBCO) is pleased to announce that it has obtained authorization to place its newly acquired Rojo's brand cigarettes and proprietary cigarette displays at 143 Wal-Mart Supercenter stores and 63 of Wal-Mart's Superama stores throughout the country of Mexico.
Tobacco One will install approximately 3,000 cigarette displays, one at each check-out location, within the Wal-Mart Mexico organization.
"The installation of our proprietary cigarette displays and the placement of the Rojo's cigarette brand within this prestigious organization is an impressive accomplishment for Tobacco One and its management team," said Shawn Ulizio, President, Tobacco One. "Wal-Mart is the world's largest retailer and we are very excited about the level of exposure this agreement will bring to Tobacco One and its newly acquired Rojo's cigarette brand."
The Rojo's product display implementation will rollout during the month of August and should be completed within 90 days.
Aug 1, 2008 9:00:00 AM
Copyright Business Wire 2008
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Tobacco One, Inc. (Pink Sheets:TBCO) is pleased to announce that it has obtained authorization to place its newly acquired Rojo's brand cigarettes and proprietary cigarette displays at 143 Wal-Mart Supercenter stores and 63 of Wal-Mart's Superama stores throughout the country of Mexico.
Tobacco One will install approximately 3,000 cigarette displays, one at each check-out location, within the Wal-Mart Mexico organization.
"The installation of our proprietary cigarette displays and the placement of the Rojo's cigarette brand within this prestigious organization is an impressive accomplishment for Tobacco One and its management team," said Shawn Ulizio, President, Tobacco One. "Wal-Mart is the world's largest retailer and we are very excited about the level of exposure this agreement will bring to Tobacco One and its newly acquired Rojo's cigarette brand."
The Rojo's product display implementation will rollout during the month of August and should be completed within 90 days.
PRRY | Planet Resources Signs Distributor To Market Products In Canada
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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."
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.
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."
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