Matrix Technology Saves Warehouse Support Staff 29 Hours Per Week with Optio's Document Design and Distribution SolutionsBusiness Wire "US Press Releases "
ALPHARETTA, Ga.--(BUSINESS WIRE)--
Optio(R) Software, Inc. (OTCBB:OPTO) a leading provider of software solutions dedicated to helping customers optimize, manage and improve the complete lifecycle of document-intensive processes, today announced that Canadian customer, Matrix Technology, Ltd., has saved three full-time employees up to 29 hours per week in document processing and inventory fulfillment by utilizing Optio's document design and distribution solutions.
"We've only been using Optio for a year and each month we add a new form to our library," said Andrew Quick, Matrix Technology's Operations Manager. "With Optio the new forms don't really even represent a form to me anymore; each represents a procedure that we are improving or a process that we are eliminating. It's been a pleasant surprise that a solution that I thought was going to save paper is actually saving time and employee resources."
Established in 1977, Toronto-based Matrix Technology Ltd. is the premier Canadian electronic materials distributor to industry leading OEMs in the aerospace, electronics, telecommunications and transportation markets. Matrix Technology utilizes Optio's solutions in tandem with their SYSPRO enterprise resource planning system.
Accelerating Invoice and Purchase Order Processing
Matrix Technology reduces document printing and mailing costs by sending invoices to their customers electronically. The company follows the same process when it comes to sending purchase orders to their suppliers. "We can print a copy or send a pdf version via e-mail directly to our supplier, who can then process the order without waiting for that piece of paper to arrive through the mail," said Quick. "Optio's document distribution capabilities have turned out to be among the system's most important benefits."
Matrix initially purchased the solution to eliminate the cost of forms design and printing, but ultimately found that the Optio solutions were capable of much more. "It wasn't until after we did a business operations review with our technology partner, Phoenix Systems, and a third party consultant that we decided to use Optio's solutions to improve warehouse operations."
Savings in Time and Resources
Matrix Technology has realized significant savings in both time and resources by utilizing Optio's solutions. "We used to print three copies of each invoice, separate them, put them in filing folders and put them in order. Now we just print them through Optio and put them online and half of them get e-mailed directly to customers. The employee that used to handle that every day for two hours now spends about 10 minutes on the same tasks with Optio, resulting in a time savings of about nine hours per week."
Optio's solutions also save time for the employees that process the company's packing slips when their products are ready to be shipped out. "Before Optio we used to pull all types of documentation from our receivers in terms of quantities of products that had been received and match our incoming orders up to our outgoing shipping documents. Our employees now get informed instantly about what we have received via e-mail. They no longer have to search for data to fulfill orders. This saves our company another two hours per day for two individuals. When you add that up on a weekly basis, the results are impressive," said Quick.
Forms Design Capabilities
Optio's DesignStudio(TM) and e.ComIntegrate(TM) solutions enable Matrix to design new form templates for use throughout the organization. "Currently we have about 12 form templates that we have developed for every-day use. If we had paid for the design of 12 forms it would far outweigh the cost of DesignStudio. Probably the best decision we made in IT was to decide to do the forms design ourselves with Optio," stated Quick. "It also gave us the independence to easily make changes. We're very happy that Phoenix Systems, introduced us to Optio's solutions," he added.
About Phoenix Systems
For more than 25 years, Newmarket, Ontario-based Phoenix Systems has helped small to medium-sized businesses effectively compete by implementing and supporting technology that results in increased efficiencies and reduced costs. For more information about Phoenix Systems, visit www.pho-sys.com.
About Optio Software, Inc.
Optio Software, with 25 years of experience and more than 5,500 clients, worldwide, provides software solutions dedicated to automating, managing and improving the entire lifecycle of document-intensive processes, while extending the value of our customers' Enterprise Resource Planning (ERP) and Hospital Information Systems. Headquartered in Alpharetta, Ga., Optio Software maintains European, Middle Eastern and African (E.M.E.A.) headquarters in the United Kingdom and sales offices in the United States, France, Germany, and the Netherlands. For more information about Optio Software or to contact a local Optio sales manager, contact us at 770.576.3500 or visit our website at www.optio.com.
Copyright (C) 2007 Optio Software, Inc. All Rights Reserved. Optio is a registered trademark and DesignStudio and e.ComIntegrate are trademarks of Optio Software, Inc. Other companies and products mentioned in this document are the property of their respective owners.
Source: Optio Software, Inc.
Tuesday, December 18, 2007
STGH John Calash, President of Steadfast Holdings Group, Inc., is the Featured Guest in an Audio Interview at SmallCapVoice.com Business Wire "US
John Calash, President of Steadfast Holdings Group, Inc., is the Featured Guest in an Audio Interview at SmallCapVoice.comBusiness Wire "US Press Releases "
AUSTIN, Texas--(BUSINESS WIRE)--
SmallCapVoice.com, Inc. today announced that a new audio interview featuring, John Calash, President of Steadfast Holdings Group, Inc. (PINK SHEETS:STHG) is now available at SmallCapVoice.com. Mr. Calash provides his personal insight into the factors that led to the Company's recently announced increased sales in the first three weeks of the fourth quarter which have exceeded the total for the fourth quarter in 2006. This follows a 46% increase in sales in our third quarter over the same period in 2006. The interview can be heard here at http://www.smallcapvoice.com/sthg/sthg-12-17-07.php. For more on the company and its products visit www.steadfastlinings.com or http://www.smallcapvoice.com/sthg/factsheet.html.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
Steadfast Holdings Group, Inc. is a holding company that owns 100% of Steadfast Automotive, Inc. and its subsidiary Steadfast Custom Linings, LLC. STHG is seeking to expand its operations through franchising the Steadfast Custom Linings, LLC business model and through acquisition or expansion of company owned stores and through subsidiary licensing agreement. The franchising and licensing agreements require all products to be purchased from Steadfast Custom Linings LLC.
Source: SmallCapVoice.com
AUSTIN, Texas--(BUSINESS WIRE)--
SmallCapVoice.com, Inc. today announced that a new audio interview featuring, John Calash, President of Steadfast Holdings Group, Inc. (PINK SHEETS:STHG) is now available at SmallCapVoice.com. Mr. Calash provides his personal insight into the factors that led to the Company's recently announced increased sales in the first three weeks of the fourth quarter which have exceeded the total for the fourth quarter in 2006. This follows a 46% increase in sales in our third quarter over the same period in 2006. The interview can be heard here at http://www.smallcapvoice.com/sthg/sthg-12-17-07.php. For more on the company and its products visit www.steadfastlinings.com or http://www.smallcapvoice.com/sthg/factsheet.html.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
Steadfast Holdings Group, Inc. is a holding company that owns 100% of Steadfast Automotive, Inc. and its subsidiary Steadfast Custom Linings, LLC. STHG is seeking to expand its operations through franchising the Steadfast Custom Linings, LLC business model and through acquisition or expansion of company owned stores and through subsidiary licensing agreement. The franchising and licensing agreements require all products to be purchased from Steadfast Custom Linings LLC.
Source: SmallCapVoice.com
PSPM Test Results for PureSpectrum Ballast Technology Support Market Driven Development Market Wire "US Press Releases "
Test Results for PureSpectrum Ballast Technology Support Market Driven DevelopmentMarket Wire "US Press Releases "
SAVANNAH, GA -- (MARKET WIRE) -- 12/18/07 -- As politicians prepare to formally pass an energy bill that will phase out incandescent light bulbs by 2012, lighting industry experts are predicting a rise in popularity for Compact Fluorescent Lamps and lighting manufacturers are searching for the technology that will provide a differentiator in a marketplace that is expected to become increasingly competitive.
PureSpectrum, Inc. (PINKSHEETS: PSPM) may have developed the solution sought by lighting manufacturers. Results from a recent series of independent tests on PureSpectrum's proprietary ballast circuitry reveals that prototypes powered by PureSpectrum's power conversion system allows CFL bulbs to maintain high levels of energy efficiency while also improving color temperature and light quality.
PureSpectrum engineers have used feedback from a series of photometric testing sessions conducted at a leading independent lighting testing facility during the past two months to refine its innovative ballast topology to produce color quality which exceeds commercially available CFL bulbs. At the same time, improvements in the electronic ballast design have resulted in sizable energy efficiency gains which make the company's manually assembled prototypes comparable to the matched component manufacturing of brand name products.
PureSpectrum's 10.86-watt prototype produced 727 lumens or 66.94 lumens per watt, making the prototype built with a Sylvania lamp comparable to an 11.76-watt GE bulb tested at the same time. However, the PureSpectrum prototype scored higher than the GE bulb on Correlated Color Temperature and Color Rendering Index.
"We have intentionally practiced market driven development in order to reach this current plateau," said PureSpectrum president and CEO Lee Vanatta, whose company owns a diverse portfolio of patents and patent applications related to a unique circuitry landscape for ballast driven lighting applications. "We realize that in order for the technology to be accepted by the lighting community, the technology and business functions must work together. The ongoing evolution of our ballast technology is a response to the inevitable growth of CFL bulbs as a lighting alternative and the consumers' need for CFL bulbs to work like conventional light bulbs."
While PureSpectrum's ballast model is compatible with any fluorescent lamp, enhancing the CFL ballast design has been the company's primary focus during the past year. According to a study performed by market researchers The Freedonia Group, fluorescent lamps and CFL lamps are expected to experience the most growth among light bulbs during the next three years. The study proposed that CFL sales would pass conventional incandescent lamps in sales dollars but not units.
"The projected growth of CFL sales will increase the urgency for lighting manufacturers to generate products which perform at a higher level than their competitors according to the demands of the consumer," Vanatta said. "Responding to the needs of the consumer will become more important as manufacturers try to distinguish their brands and products in the market place. Those with the best performing CFL bulbs with attributes such as light color and quality will become leaders in the changing marketplace, and I feel that innovative technologies like PureSpectrum will be absorbed into the mainstream."
Please visit www.purespectrumlighting.com or call (912) 961-4980 for more information about PureSpectrum, Inc. or PureSpectrum Technology. For investment information, please contact Equiti-Trend Advisors LLC at (800) 953-3350.
ABOUT PURESPECTRUM
PureSpectrum (PINKSHEETS: PSPM) is a publicly traded technology company founded and headquartered in Savannah, Ga. The company's values are grounded in an awareness of the increasing urgency to identify more efficient energy solutions. PureSpectrum currently holds the rights to multiple patents and patent applications related to an electronic ballast design which would produce a soft switching environment during power conversion for artificial lighting. PureSpectrum will continue its commitment to researching, developing and refining ideas that will provide the most energy efficient, cost effective methods for powering artificial light. For more information on PureSpectrum, please call (912) 961-4980 or visit www.purespectrumlighting.com.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum's products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum. Media Contact:
Stephen Weeks
(912) 356-5770
SAVANNAH, GA -- (MARKET WIRE) -- 12/18/07 -- As politicians prepare to formally pass an energy bill that will phase out incandescent light bulbs by 2012, lighting industry experts are predicting a rise in popularity for Compact Fluorescent Lamps and lighting manufacturers are searching for the technology that will provide a differentiator in a marketplace that is expected to become increasingly competitive.
PureSpectrum, Inc. (PINKSHEETS: PSPM) may have developed the solution sought by lighting manufacturers. Results from a recent series of independent tests on PureSpectrum's proprietary ballast circuitry reveals that prototypes powered by PureSpectrum's power conversion system allows CFL bulbs to maintain high levels of energy efficiency while also improving color temperature and light quality.
PureSpectrum engineers have used feedback from a series of photometric testing sessions conducted at a leading independent lighting testing facility during the past two months to refine its innovative ballast topology to produce color quality which exceeds commercially available CFL bulbs. At the same time, improvements in the electronic ballast design have resulted in sizable energy efficiency gains which make the company's manually assembled prototypes comparable to the matched component manufacturing of brand name products.
PureSpectrum's 10.86-watt prototype produced 727 lumens or 66.94 lumens per watt, making the prototype built with a Sylvania lamp comparable to an 11.76-watt GE bulb tested at the same time. However, the PureSpectrum prototype scored higher than the GE bulb on Correlated Color Temperature and Color Rendering Index.
"We have intentionally practiced market driven development in order to reach this current plateau," said PureSpectrum president and CEO Lee Vanatta, whose company owns a diverse portfolio of patents and patent applications related to a unique circuitry landscape for ballast driven lighting applications. "We realize that in order for the technology to be accepted by the lighting community, the technology and business functions must work together. The ongoing evolution of our ballast technology is a response to the inevitable growth of CFL bulbs as a lighting alternative and the consumers' need for CFL bulbs to work like conventional light bulbs."
While PureSpectrum's ballast model is compatible with any fluorescent lamp, enhancing the CFL ballast design has been the company's primary focus during the past year. According to a study performed by market researchers The Freedonia Group, fluorescent lamps and CFL lamps are expected to experience the most growth among light bulbs during the next three years. The study proposed that CFL sales would pass conventional incandescent lamps in sales dollars but not units.
"The projected growth of CFL sales will increase the urgency for lighting manufacturers to generate products which perform at a higher level than their competitors according to the demands of the consumer," Vanatta said. "Responding to the needs of the consumer will become more important as manufacturers try to distinguish their brands and products in the market place. Those with the best performing CFL bulbs with attributes such as light color and quality will become leaders in the changing marketplace, and I feel that innovative technologies like PureSpectrum will be absorbed into the mainstream."
Please visit www.purespectrumlighting.com or call (912) 961-4980 for more information about PureSpectrum, Inc. or PureSpectrum Technology. For investment information, please contact Equiti-Trend Advisors LLC at (800) 953-3350.
ABOUT PURESPECTRUM
PureSpectrum (PINKSHEETS: PSPM) is a publicly traded technology company founded and headquartered in Savannah, Ga. The company's values are grounded in an awareness of the increasing urgency to identify more efficient energy solutions. PureSpectrum currently holds the rights to multiple patents and patent applications related to an electronic ballast design which would produce a soft switching environment during power conversion for artificial lighting. PureSpectrum will continue its commitment to researching, developing and refining ideas that will provide the most energy efficient, cost effective methods for powering artificial light. For more information on PureSpectrum, please call (912) 961-4980 or visit www.purespectrumlighting.com.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum's products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum. Media Contact:
Stephen Weeks
(912) 356-5770
BMRX bioMETRX, Inc. Announces Integration of AuthenTec Fingerprint Sensor in smartTOUCH(TM) Product Line PR Newswire "US Press Releases "
bioMETRX, Inc. Announces Integration of AuthenTec Fingerprint Sensor in smartTOUCH(TM) Product LinePR Newswire "US Press Releases "
MELBOURNE, Fla. and JERICHO, N.Y., Dec. 18 /PRNewswire-FirstCall/ -- AuthenTec, Inc. (Nasdaq: AUTH), the world's leading provider of fingerprint sensors and solutions, and bioMETRX, Inc. (OTC Bulletin Board: BMRX), a leading provider of biometrically secured consumer products, jointly announced today that bioMETRX has incorporated AuthenTec's AES2510 sensor into its smartTOUCH(TM) product line. bioMETRX's first product, the Master Lock(R) smartTOUCH(TM) garage door opener (GDO), has broken the "under $100.00" retail barrier, a first for any consumer access product featuring AuthenTec's sensor.
The smartTOUCH GDO(TM), sold as the Master Lock(R) smartTOUCH GDO(TM), retails for $97.00 and can be purchased at The Home Depot stores nationwide.
"We are delighted that bioMETRX has selected an AuthenTec sensor as an integral part of its proprietary architecture and mission to design and deliver cost effective, quality consumer biometric products. bioMETRX products simplify the lives of consumers by eliminating the need to remember PIN codes or fumble with keys when opening a door," said Larry Ciaccia, AuthenTec President. "The smartTOUCH GDO(TM) is another great example of the growing adoption of fingerprint sensors in mainstream consumer products that leverage the convenient security of our TruePrint(R)-based fingerprint sensors."
"Our company has spent years researching and testing all of the competing fingerprint sensors to determine which one provides the most reliability and cost efficiency for a consumer based product," commented Mark Basile, Chief Executive Officer for bioMETRX, Inc. "Based on our findings, we selected AuthenTec's AES2510 slide sensor, which has been engineered into our proprietary smartTOUCH(TM) product architecture, and we have experienced very positive feedback from end users."
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary "powered by smartTOUCH(TM)" platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the trade name smartTOUCH(TM).
For more information on bioMETRX and/or the company's smartTOUCH(TM) line of products, including the Master Lock smartTOUCH(TM) garage door opener, visit the Company's Web site at http://www.biometrx.net.
About AuthenTec
With more than 25 million sensors in use worldwide, AuthenTec is the world leader in providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets. AuthenTec's award-winning sensors take full advantage of The Power of Touch(R) by utilizing the Company's patented TruePrint(R) technology to deliver the most convenient, reliable and cost-effective means available for enabling touch- powered features that extend beyond user authentication. The Company's customers include: Acer, ASUSTeK, Fujitsu, HP, Hitachi, HTC, Lenovo, LG Electronics, Samsung, and Toshiba, among others.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
SOURCE bioMETRX, Inc.
MELBOURNE, Fla. and JERICHO, N.Y., Dec. 18 /PRNewswire-FirstCall/ -- AuthenTec, Inc. (Nasdaq: AUTH), the world's leading provider of fingerprint sensors and solutions, and bioMETRX, Inc. (OTC Bulletin Board: BMRX), a leading provider of biometrically secured consumer products, jointly announced today that bioMETRX has incorporated AuthenTec's AES2510 sensor into its smartTOUCH(TM) product line. bioMETRX's first product, the Master Lock(R) smartTOUCH(TM) garage door opener (GDO), has broken the "under $100.00" retail barrier, a first for any consumer access product featuring AuthenTec's sensor.
The smartTOUCH GDO(TM), sold as the Master Lock(R) smartTOUCH GDO(TM), retails for $97.00 and can be purchased at The Home Depot stores nationwide.
"We are delighted that bioMETRX has selected an AuthenTec sensor as an integral part of its proprietary architecture and mission to design and deliver cost effective, quality consumer biometric products. bioMETRX products simplify the lives of consumers by eliminating the need to remember PIN codes or fumble with keys when opening a door," said Larry Ciaccia, AuthenTec President. "The smartTOUCH GDO(TM) is another great example of the growing adoption of fingerprint sensors in mainstream consumer products that leverage the convenient security of our TruePrint(R)-based fingerprint sensors."
"Our company has spent years researching and testing all of the competing fingerprint sensors to determine which one provides the most reliability and cost efficiency for a consumer based product," commented Mark Basile, Chief Executive Officer for bioMETRX, Inc. "Based on our findings, we selected AuthenTec's AES2510 slide sensor, which has been engineered into our proprietary smartTOUCH(TM) product architecture, and we have experienced very positive feedback from end users."
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary "powered by smartTOUCH(TM)" platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the trade name smartTOUCH(TM).
For more information on bioMETRX and/or the company's smartTOUCH(TM) line of products, including the Master Lock smartTOUCH(TM) garage door opener, visit the Company's Web site at http://www.biometrx.net.
About AuthenTec
With more than 25 million sensors in use worldwide, AuthenTec is the world leader in providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets. AuthenTec's award-winning sensors take full advantage of The Power of Touch(R) by utilizing the Company's patented TruePrint(R) technology to deliver the most convenient, reliable and cost-effective means available for enabling touch- powered features that extend beyond user authentication. The Company's customers include: Acer, ASUSTeK, Fujitsu, HP, Hitachi, HTC, Lenovo, LG Electronics, Samsung, and Toshiba, among others.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
SOURCE bioMETRX, Inc.
IMAX Imax: Show-stopping 100-theatre joint-venture deal with AMC expected to accelerate profitability post-FY08; initiating FY09 ests - Merriman (6.84
Imax: Show-stopping 100-theatre joint-venture deal with AMC expected to accelerate profitability post-FY08; initiating FY09 ests - Merriman (6.84)Briefing.com "Inplay "
Merriman continues to believe in the long-term prospects for IMAX due to its ability to provide a differentiated viewing experience for consumers. We believe that the pending introduction of a digital system plus more joint venture deals could reaccelerate theater growth and profitability รข¬ exemplified by the 100-theatre JV deal with AMC. We believe that as we approach anticipated improved profitability, IMAX's valuation multiple should also improve. Firm is initiating FY09 ests of $165 mln in rev and $60 mln in EBITDA, representing growth of 28% and 81%, respectively. In the meantime, firm is lowering their FY08 rev and EBITDA ests to account for digital theatre upgrade costs in 2H08 as well as any potential delays in theatre installations until the digital system is available in 2H08 est.
Merriman continues to believe in the long-term prospects for IMAX due to its ability to provide a differentiated viewing experience for consumers. We believe that the pending introduction of a digital system plus more joint venture deals could reaccelerate theater growth and profitability รข¬ exemplified by the 100-theatre JV deal with AMC. We believe that as we approach anticipated improved profitability, IMAX's valuation multiple should also improve. Firm is initiating FY09 ests of $165 mln in rev and $60 mln in EBITDA, representing growth of 28% and 81%, respectively. In the meantime, firm is lowering their FY08 rev and EBITDA ests to account for digital theatre upgrade costs in 2H08 as well as any potential delays in theatre installations until the digital system is available in 2H08 est.
Friday, December 14, 2007
PLUG LIPA OKs 2 percent rate hike [Newsday, Melville, N.Y.] Knight Ridder/Tribune "Business News "
LIPA OKs 2 percent rate hike [Newsday, Melville, N.Y.]Knight Ridder/Tribune "Business News "
Dec. 14--Trustees of the Long Island Power Authority Thursday approved a 2 percent bill increase for 2008, but not without a spirited debate about taxes, fuel and the authority's mixed efforts in diversifying beyond fossil fuels.
In one of the more controversial suggestions, trustee John Fabio floated the idea that LIPA consider a 10-year plan to phase out the tax payments it makes to municipalities, school districts and others for locating power plants and other facilities in their districts. Around 11 cents of every dollar consumers pay on their bills goes to these "payments in lieu of taxes." The 10-year lead-time would allow the dependent recipients to ease their reliance on the payments.
Non-profit entities such as LIPA generally are exempt from taxes.
LIPA chairman James Larocca urged caution on such a proposal, noting that officials who created the authority agreed to continue payments that predecessor Long Island Lighting Co. had made as a tax-paying corporation.
"It was a choice we made," Larocca said. "... If we want to examine changing that choice, we can. In my own view, it will be very difficult to do that. I think to a large extent we're stuck with it."
Fabio said that was no reason not to consider it. "I think sometimes we need to tilt at windmills," he said.
LIPA chief executive Kevin Law, acknowledging that cutting PILOTs was a potentially explosive issue, said he would consider the topic in upcoming planning meetings. "Everything should be on the table," he said.
Trustee Michael Fagin, while not necessarily supporting either position, urged LIPA to be direct with ratepayers. He pointed out that "we're essentially collecting a tax and not calling it that. People should be cognizant of it." He and others noted that tax-burdened residents pay the PILOTs without the benefit of a tax deduction.
Supporters of the concept of overhauling local power plants were aghast at the idea, noting that community support for proposals largely hinges on the payments.
"I think there was a lot of fear brought into this room by the statement" about eliminating PILOTs, Lisa Tyson, director of the Long Island Progressive Coalition, which supports re-powering, told trustees. LIPA this week issued a request for bids to study repowering plants in Northport and Port Jefferson.
Utility veteran Matthew Cordaro took issue with LIPA's decision to implement the 2 percent bill increase, despite massive reserve funds. "The entire rate increase could be avoided by using more reserve funds," he said, suggesting LIPA was being fiscally conservative to appease Wall Street bond raters. "I understand there's a need to make Wall Street comfortable, but there's also a need to make ratepayers comfortable."
Law said avoiding the "temptation" to use more reserves to offset the increase was a matter of fiscal prudence. Without an increase, he said, LIPA would have had "a $100 million hole" in the budget.
Trustee Suzette Smookler expressed pessimism about LIPA's efforts to diversify its energy portfolio, particularly in light of a report this week detailing problems with a 7-year contract to research and demonstrate low-emissions fuel cells with supplier, Plug Power. The said LIPA failed to properly manage the contract, which was plagued by missing reports and cost overruns.
Larocca vowed, "We will protect against that problem repeating itself."
To see more of Newsday, or to subscribe to the newspaper, go to http://www.newsday.com
Copyright (c) 2007, Newsday, Melville, N.Y.
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Dec. 14--Trustees of the Long Island Power Authority Thursday approved a 2 percent bill increase for 2008, but not without a spirited debate about taxes, fuel and the authority's mixed efforts in diversifying beyond fossil fuels.
In one of the more controversial suggestions, trustee John Fabio floated the idea that LIPA consider a 10-year plan to phase out the tax payments it makes to municipalities, school districts and others for locating power plants and other facilities in their districts. Around 11 cents of every dollar consumers pay on their bills goes to these "payments in lieu of taxes." The 10-year lead-time would allow the dependent recipients to ease their reliance on the payments.
Non-profit entities such as LIPA generally are exempt from taxes.
LIPA chairman James Larocca urged caution on such a proposal, noting that officials who created the authority agreed to continue payments that predecessor Long Island Lighting Co. had made as a tax-paying corporation.
"It was a choice we made," Larocca said. "... If we want to examine changing that choice, we can. In my own view, it will be very difficult to do that. I think to a large extent we're stuck with it."
Fabio said that was no reason not to consider it. "I think sometimes we need to tilt at windmills," he said.
LIPA chief executive Kevin Law, acknowledging that cutting PILOTs was a potentially explosive issue, said he would consider the topic in upcoming planning meetings. "Everything should be on the table," he said.
Trustee Michael Fagin, while not necessarily supporting either position, urged LIPA to be direct with ratepayers. He pointed out that "we're essentially collecting a tax and not calling it that. People should be cognizant of it." He and others noted that tax-burdened residents pay the PILOTs without the benefit of a tax deduction.
Supporters of the concept of overhauling local power plants were aghast at the idea, noting that community support for proposals largely hinges on the payments.
"I think there was a lot of fear brought into this room by the statement" about eliminating PILOTs, Lisa Tyson, director of the Long Island Progressive Coalition, which supports re-powering, told trustees. LIPA this week issued a request for bids to study repowering plants in Northport and Port Jefferson.
Utility veteran Matthew Cordaro took issue with LIPA's decision to implement the 2 percent bill increase, despite massive reserve funds. "The entire rate increase could be avoided by using more reserve funds," he said, suggesting LIPA was being fiscally conservative to appease Wall Street bond raters. "I understand there's a need to make Wall Street comfortable, but there's also a need to make ratepayers comfortable."
Law said avoiding the "temptation" to use more reserves to offset the increase was a matter of fiscal prudence. Without an increase, he said, LIPA would have had "a $100 million hole" in the budget.
Trustee Suzette Smookler expressed pessimism about LIPA's efforts to diversify its energy portfolio, particularly in light of a report this week detailing problems with a 7-year contract to research and demonstrate low-emissions fuel cells with supplier, Plug Power. The said LIPA failed to properly manage the contract, which was plagued by missing reports and cost overruns.
Larocca vowed, "We will protect against that problem repeating itself."
To see more of Newsday, or to subscribe to the newspaper, go to http://www.newsday.com
Copyright (c) 2007, Newsday, Melville, N.Y.
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
mdtu Med-Tech Solutions, Inc. -- Closing of Acquisition by Exchange of Common Stock and Closing of Private Placement Market Wire "US Press Release
Med-Tech Solutions, Inc. -- Closing of Acquisition by Exchange of Common Stock and Closing of Private PlacementMarket Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 12/14/07 -- Med-Tech Solutions, Inc. (OTCBB: MDTU) today announced that it had closed its acquisition of The Four Rivers BioEnergy Company Inc. ("Four Rivers") by an exchange of 40,665,000 shares of its common stock for the outstanding shares of Four Rivers. The shares issued in the exchange are restricted stock. The acquisition will be accounted for under the reverse acquisition accounting rules. As part of the acquisition, the management of Four Rivers became the directors and management of Med-Tech, and the former sole director and officer of Med-Tech resigned.
Simultaneously with the acquisition of Four Rivers, Med-Tech completed a private placement of 28,183,978 shares of common stock to foreign accredited and institutional investors. The private placement agent was International Capital Partners SA. The number of shares sold met the minimum offering amount requirement.
Immediately prior to the acquisition and private placement, Med-Tech effected a recapitalization by a reduction of the outstanding shares of common stock by contribution to the capital of the company. After the three transactions, the acquisition, the private placement and recapitalization, there are 113,449,878 shares of common stock issued and outstanding.
Gary Hudson, the new Chief Executive Officer of the Company, said, "We are delighted to have concluded the acquisition of Four Rivers and the capital raise, both of which will permit the company to aggressively move forward with its business plan of building the proposed integrated bioenergy facility for the production of bioethanol and biodiesel fuels and related by-products. Although many aspects of the plan are well under way, we have much to do in the near future, including satisfaction of various permitting requirements, site acquisition, transportation and supply logistics and finalization of plant design. We are also pursuing various avenues for the required financing to complete the plant and fund its initial operations."
About the Company
The company proposes to construct an integrated 130 MMGPY bioethanol plant and 35 MMGPY biodiesel plant. Logistics will be the intended key differentiator of Four Rivers from other biofuels companies and will give the Four Rivers plant advantages to trade and market its feedstocks and products. Four Rivers, together with its parent corporation, is a development stage company.
Forward-Looking Statements
The statements in the press release that relate to the company's expectation with regard to future impact on the company's results from actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statement are reasonable, such statements should not be regarded as a representation by the company, or any other person that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from the expected results. The company disclaims any intent or obligation to update, or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In the light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For Further Information Contact:
Gary Hudson
President and CEO
+1 270 282 0926
Stephen Padgett
Vice President and Group Finance Director
+1 270 282 0943
VANCOUVER, BC -- (MARKET WIRE) -- 12/14/07 -- Med-Tech Solutions, Inc. (OTCBB: MDTU) today announced that it had closed its acquisition of The Four Rivers BioEnergy Company Inc. ("Four Rivers") by an exchange of 40,665,000 shares of its common stock for the outstanding shares of Four Rivers. The shares issued in the exchange are restricted stock. The acquisition will be accounted for under the reverse acquisition accounting rules. As part of the acquisition, the management of Four Rivers became the directors and management of Med-Tech, and the former sole director and officer of Med-Tech resigned.
Simultaneously with the acquisition of Four Rivers, Med-Tech completed a private placement of 28,183,978 shares of common stock to foreign accredited and institutional investors. The private placement agent was International Capital Partners SA. The number of shares sold met the minimum offering amount requirement.
Immediately prior to the acquisition and private placement, Med-Tech effected a recapitalization by a reduction of the outstanding shares of common stock by contribution to the capital of the company. After the three transactions, the acquisition, the private placement and recapitalization, there are 113,449,878 shares of common stock issued and outstanding.
Gary Hudson, the new Chief Executive Officer of the Company, said, "We are delighted to have concluded the acquisition of Four Rivers and the capital raise, both of which will permit the company to aggressively move forward with its business plan of building the proposed integrated bioenergy facility for the production of bioethanol and biodiesel fuels and related by-products. Although many aspects of the plan are well under way, we have much to do in the near future, including satisfaction of various permitting requirements, site acquisition, transportation and supply logistics and finalization of plant design. We are also pursuing various avenues for the required financing to complete the plant and fund its initial operations."
About the Company
The company proposes to construct an integrated 130 MMGPY bioethanol plant and 35 MMGPY biodiesel plant. Logistics will be the intended key differentiator of Four Rivers from other biofuels companies and will give the Four Rivers plant advantages to trade and market its feedstocks and products. Four Rivers, together with its parent corporation, is a development stage company.
Forward-Looking Statements
The statements in the press release that relate to the company's expectation with regard to future impact on the company's results from actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statement are reasonable, such statements should not be regarded as a representation by the company, or any other person that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from the expected results. The company disclaims any intent or obligation to update, or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In the light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For Further Information Contact:
Gary Hudson
President and CEO
+1 270 282 0926
Stephen Padgett
Vice President and Group Finance Director
+1 270 282 0943
UITK Ultitek, Ltd. Announces Major Contract With Ukrainian "State Institute of Automation" Market Wire "US Press Releases "
Ultitek, Ltd. Announces Major Contract With Ukrainian "State Institute of Automation"Market Wire "US Press Releases "
ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- 12/14/07 -- Ultitek, Ltd. (OTCBB: UITK) is pleased to announce that on December 12, 2007, Ultitek's Board of Directors approved signing of formal agreement with Ukrainian "State Institute of Automation" to provide airline control services for the country of Ukraine. Included in the services to be provided are Departure Control, Reservations, Airline Operations, Distribution and other modules. Passenger air traffic in and out of the Ukraine is growing at a good pace and "State Institute of Automation" wishes to take advantage of the latest leading edge technology that Ultitek provides. The contract is structured in such a way to bring maximum benefits to both parties.
"This contract is the culmination of the letter of intent we announced on July 16th, 2007. We are pleased the final negotiations took less time than the 180 days than we had anticipated. The contract should not be underestimated. The impact to our revenues and profits in 2008 will be dramatic. Providing we have all the necessary financing in place by the end of this year, in 2008, we expect revenues in excess of 15 million dollars and we expect significant profits on that total. The revenues to be generated by this contract will be even more dramatic in fiscal 2009. We expect gross revenues to exceed 70 million with profits increasing accordingly," said Roman Price CEO.
About Ultitek, Ltd.
Through its wholly owned subsidiary, Transport Automation Information Systems, a Russian company (TAIS), Ultitek, Ltd. has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek, Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, nine million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.
SAFE HARBOR: The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. The matters described in these forward-looking statements are based upon assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Ultitek's control. Ultitek faces many risks that could cause its actual performance to differ materially from the results predicted by its forward-looking statements. Although Ultitek believes that the expectations reflected in forward-looking statements are reasonable, because of those risks, Ultitek's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. Accordingly, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. The information set forth in this news release represents management's current expectations and intentions. Ultitek assumes no responsibility to issue updates to the forward-looking matters discussed in this news release. Contact:
Ernest J. Sabato
Ultitek, Ltd.
560 Sylvan Avenue
Englewood Cliffs, New Jersey 07632
Telephone: 1-201-541-1700 or 1-888-ULTITEK
Fax: 1-201-541-1778
Email address: ejs@ultitek.com
http://www.ultitek.com
ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- 12/14/07 -- Ultitek, Ltd. (OTCBB: UITK) is pleased to announce that on December 12, 2007, Ultitek's Board of Directors approved signing of formal agreement with Ukrainian "State Institute of Automation" to provide airline control services for the country of Ukraine. Included in the services to be provided are Departure Control, Reservations, Airline Operations, Distribution and other modules. Passenger air traffic in and out of the Ukraine is growing at a good pace and "State Institute of Automation" wishes to take advantage of the latest leading edge technology that Ultitek provides. The contract is structured in such a way to bring maximum benefits to both parties.
"This contract is the culmination of the letter of intent we announced on July 16th, 2007. We are pleased the final negotiations took less time than the 180 days than we had anticipated. The contract should not be underestimated. The impact to our revenues and profits in 2008 will be dramatic. Providing we have all the necessary financing in place by the end of this year, in 2008, we expect revenues in excess of 15 million dollars and we expect significant profits on that total. The revenues to be generated by this contract will be even more dramatic in fiscal 2009. We expect gross revenues to exceed 70 million with profits increasing accordingly," said Roman Price CEO.
About Ultitek, Ltd.
Through its wholly owned subsidiary, Transport Automation Information Systems, a Russian company (TAIS), Ultitek, Ltd. has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek, Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, nine million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.
SAFE HARBOR: The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. The matters described in these forward-looking statements are based upon assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Ultitek's control. Ultitek faces many risks that could cause its actual performance to differ materially from the results predicted by its forward-looking statements. Although Ultitek believes that the expectations reflected in forward-looking statements are reasonable, because of those risks, Ultitek's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. Accordingly, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. The information set forth in this news release represents management's current expectations and intentions. Ultitek assumes no responsibility to issue updates to the forward-looking matters discussed in this news release. Contact:
Ernest J. Sabato
Ultitek, Ltd.
560 Sylvan Avenue
Englewood Cliffs, New Jersey 07632
Telephone: 1-201-541-1700 or 1-888-ULTITEK
Fax: 1-201-541-1778
Email address: ejs@ultitek.com
http://www.ultitek.com
PRPM Propalms, Inc.'s 10-SB Filing Available on SEC Web Site Market Wire "US Press Releases "
Propalms, Inc.'s 10-SB Filing Available on SEC Web SiteMarket Wire "US Press Releases "
NORTH YORKSHIRE, UK -- (MARKET WIRE) -- 12/14/07 -- Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company's 10-SB filing, as of December 13, 2007, has been listed on the Securities and Exchange Commissions Web site for further viewing. The Company's registration with the SEC should be effective in 60 days, pending the resolution of any SEC comments.
Once effective, the registration will establish a file available to the public that will comprise financial and business-related information on Propalms. Such registration will make the Company eligible to trade on the OTC Bulletin Board and designate the Company as a fully reporting entity under the Securities Exchange Act of 1934. Pursuant to these rules, Propalms is required to regularly issue Form 10-Q quarterly reports, Form 10K annual reports, Form 8-K corporate development reports, proxy rules, and audited annual financial reports.
"I am pleased to report that filing our Form 10-SB represents the Company's first step in the ongoing process of uplisting, and that we now await any SEC comments that must be cleared before our registration is effective. By becoming a fully reporting company, we will establish a public record of our ongoing financial and corporate developments. This will move us one step closer to our corporate goal of obtaining a listing on a national securities exchange," stated Owen Dukes, CEO of Propalms, Inc.
To view the complete 10-SB filing, please visit: http://sec.gov/Archives/edgar/data/1421100/000110889007000375/0001108890-07-000375-index.htm.
Propalms, Inc.'s annual shareholder meeting will be held on Friday, January 11, 2008, at 10:00 a.m. PST at the Luxor Hotel in Las Vegas, Nevada. Shareholders that would like to reserve a room at the hotel to attend the shareholder meeting should contact the Luxor Hotel at 888-777-0188 or 702-262-4444. The Luxor Hotel is located at 3900 Las Vegas Boulevard, South Las Vegas, Nevada, 89119. Propalms' shareholder meeting will be held in the Nile Chamber C.
About Propalms, Inc.:
Propalms TSE, the complete Server-Based Management solution that extends Microsoft Terminal Services 2000/2003, offers features such as Application Publishing, Seamless Windows, Resource-based Load balancing, and Web-based management consoles.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro. Contact:
For more information, please visit:
http://www.propalms.com
or Call
Investor Relations
+ 1-866-THE-APPL(E)
NORTH YORKSHIRE, UK -- (MARKET WIRE) -- 12/14/07 -- Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company's 10-SB filing, as of December 13, 2007, has been listed on the Securities and Exchange Commissions Web site for further viewing. The Company's registration with the SEC should be effective in 60 days, pending the resolution of any SEC comments.
Once effective, the registration will establish a file available to the public that will comprise financial and business-related information on Propalms. Such registration will make the Company eligible to trade on the OTC Bulletin Board and designate the Company as a fully reporting entity under the Securities Exchange Act of 1934. Pursuant to these rules, Propalms is required to regularly issue Form 10-Q quarterly reports, Form 10K annual reports, Form 8-K corporate development reports, proxy rules, and audited annual financial reports.
"I am pleased to report that filing our Form 10-SB represents the Company's first step in the ongoing process of uplisting, and that we now await any SEC comments that must be cleared before our registration is effective. By becoming a fully reporting company, we will establish a public record of our ongoing financial and corporate developments. This will move us one step closer to our corporate goal of obtaining a listing on a national securities exchange," stated Owen Dukes, CEO of Propalms, Inc.
To view the complete 10-SB filing, please visit: http://sec.gov/Archives/edgar/data/1421100/000110889007000375/0001108890-07-000375-index.htm.
Propalms, Inc.'s annual shareholder meeting will be held on Friday, January 11, 2008, at 10:00 a.m. PST at the Luxor Hotel in Las Vegas, Nevada. Shareholders that would like to reserve a room at the hotel to attend the shareholder meeting should contact the Luxor Hotel at 888-777-0188 or 702-262-4444. The Luxor Hotel is located at 3900 Las Vegas Boulevard, South Las Vegas, Nevada, 89119. Propalms' shareholder meeting will be held in the Nile Chamber C.
About Propalms, Inc.:
Propalms TSE, the complete Server-Based Management solution that extends Microsoft Terminal Services 2000/2003, offers features such as Application Publishing, Seamless Windows, Resource-based Load balancing, and Web-based management consoles.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro. Contact:
For more information, please visit:
http://www.propalms.com
or Call
Investor Relations
+ 1-866-THE-APPL(E)
IMMU Immunomedics: UCBplans to continue Epratuzumab development for SLE - Lazard (2.69) Briefing.com "Inplay "
Immunomedics: UCBplans to continue Epratuzumab development for SLE - Lazard (2.69)Briefing.com "Inplay "
Lazard notes the UCB reported that Epratuzumab had a favorable efficacy and tolerability profile in the ALLEVIATE SLE trials. This morning Immunomedics' Epratuzumab-development partner, UCB, provided an update of its clinical development plan for the antibody. Following an analysis of the closed Phase III ALLEVIATE trials of Epratuzumab for SLE, UCB has elected to continue development of the drug for systemic lupus erythematosus. Firm believes this analysis included fewer than 100 patients as the ALLEVIATE trials were placed on clinical hold by UCB in late 2006 following a UCB audit of Immunomedics' end-stage manufacturing processes.
Lazard notes the UCB reported that Epratuzumab had a favorable efficacy and tolerability profile in the ALLEVIATE SLE trials. This morning Immunomedics' Epratuzumab-development partner, UCB, provided an update of its clinical development plan for the antibody. Following an analysis of the closed Phase III ALLEVIATE trials of Epratuzumab for SLE, UCB has elected to continue development of the drug for systemic lupus erythematosus. Firm believes this analysis included fewer than 100 patients as the ALLEVIATE trials were placed on clinical hold by UCB in late 2006 following a UCB audit of Immunomedics' end-stage manufacturing processes.
RPBC Redpoint Bio Signs Research & Technology Development Agreement with The Coca-Cola Company Business Wire "US Press Releases "
Redpoint Bio Signs Research & Technology Development Agreement with The Coca-Cola CompanyBusiness Wire "US Press Releases "
EWING, N.J.--(BUSINESS WIRE)--
Redpoint Bio Corporation (OTCBB: RPBC), a company developing ingredients to improve the taste of pharmaceutical, food and beverage products, today announced that it has signed a research agreement with The Coca-Cola Company (NYSE: KO), the world's largest beverage company, to develop proprietary technology for use in non-alcoholic beverages.
Under terms of the one-year agreement, for a six month period beginning on the effective date of the agreement, Redpoint has granted Coca-Cola an exclusive right to negotiate to extend and expand the collaboration into a broader, multi-year research, development and commercialization program. For more information, see the related 8-K filing by Redpoint Bio with the Securities and Exchange Commission.
"We are extremely pleased to have established this new research and technology development collaboration with industry leader, The Coca-Cola Company - Redpoint Bio's second food industry collaboration signed in 2007," said Ray Salemme, Ph.D., Chief Executive Officer of Redpoint Bio. "We believe this agreement is a further endorsement of Redpoint Bio's unique capabilities for the discovery and development of beverage technology. We look forward to working with The Coca-Cola Company team."
Grant DuBois, Ph.D., Director, Ingredient & Product Sciences for The Coca-Cola Company, noted, "We believe that Redpoint Bio's extensive knowledge of taste science, coupled with their full suite of discovery tools, can contribute to the development of new technology for use in existing and future non-alcoholic beverages."
About Redpoint Bio Corporation
Redpoint Bio is leveraging recent discoveries in the molecular biology of taste to discover and develop novel taste modulators for the food, beverage and pharmaceutical industries. Redpoint Bio's food and beverage program is focused on identifying novel flavors that improve the tastes of existing ingredients and enable the development of better-tasting foods and beverages. The pharmaceutical program uses a biochemical approach aimed at suppressing the bitterness of medicines, which has the potential to expand the range of formulation options and increase patient compliance. For more information, please visit the Company's website at www.redpointbio.com.
About The Coca-Cola Company
The Coca-Cola Company is the world's largest beverage company. Along with Coca-Cola(R), recognized as the world's most valuable brand, the Company markets four of the world's top five nonalcoholic sparkling brands, including Diet Coke(R), Fanta(R) and Sprite(R), and a wide range of other beverages, including diet and light beverages, waters, juices and juice drinks, teas, coffees, energy and sports drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate exceeding 1.4 billion servings each day. For more information about The Coca-Cola Company, please visit our website at www.thecoca-colacompany.com.
Safe Harbor Statement
In addition to historical facts or statements of current condition, this press release contains forward-looking statements within the meaning of the "Safe Harbor" provisions of The Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company's current expectations or forecasts of future events. The Company's performance and financial results could differ materially from those reflected in these forward-looking statements due to among other factors, uncertainty inherent in the discovery phase of technological development, any efforts by third parties to invalidate or limit any patents, the marketplace acceptance of its products, the decisions of regulatory authorities, the results of clinical trials and general financial, economic, regulatory and political conditions affecting the food, biotechnology and pharmaceutical industries generally. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. The Company undertakes no obligation to update publicly any forward-looking statement.
Source: Redpoint Bio Corporation
EWING, N.J.--(BUSINESS WIRE)--
Redpoint Bio Corporation (OTCBB: RPBC), a company developing ingredients to improve the taste of pharmaceutical, food and beverage products, today announced that it has signed a research agreement with The Coca-Cola Company (NYSE: KO), the world's largest beverage company, to develop proprietary technology for use in non-alcoholic beverages.
Under terms of the one-year agreement, for a six month period beginning on the effective date of the agreement, Redpoint has granted Coca-Cola an exclusive right to negotiate to extend and expand the collaboration into a broader, multi-year research, development and commercialization program. For more information, see the related 8-K filing by Redpoint Bio with the Securities and Exchange Commission.
"We are extremely pleased to have established this new research and technology development collaboration with industry leader, The Coca-Cola Company - Redpoint Bio's second food industry collaboration signed in 2007," said Ray Salemme, Ph.D., Chief Executive Officer of Redpoint Bio. "We believe this agreement is a further endorsement of Redpoint Bio's unique capabilities for the discovery and development of beverage technology. We look forward to working with The Coca-Cola Company team."
Grant DuBois, Ph.D., Director, Ingredient & Product Sciences for The Coca-Cola Company, noted, "We believe that Redpoint Bio's extensive knowledge of taste science, coupled with their full suite of discovery tools, can contribute to the development of new technology for use in existing and future non-alcoholic beverages."
About Redpoint Bio Corporation
Redpoint Bio is leveraging recent discoveries in the molecular biology of taste to discover and develop novel taste modulators for the food, beverage and pharmaceutical industries. Redpoint Bio's food and beverage program is focused on identifying novel flavors that improve the tastes of existing ingredients and enable the development of better-tasting foods and beverages. The pharmaceutical program uses a biochemical approach aimed at suppressing the bitterness of medicines, which has the potential to expand the range of formulation options and increase patient compliance. For more information, please visit the Company's website at www.redpointbio.com.
About The Coca-Cola Company
The Coca-Cola Company is the world's largest beverage company. Along with Coca-Cola(R), recognized as the world's most valuable brand, the Company markets four of the world's top five nonalcoholic sparkling brands, including Diet Coke(R), Fanta(R) and Sprite(R), and a wide range of other beverages, including diet and light beverages, waters, juices and juice drinks, teas, coffees, energy and sports drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate exceeding 1.4 billion servings each day. For more information about The Coca-Cola Company, please visit our website at www.thecoca-colacompany.com.
Safe Harbor Statement
In addition to historical facts or statements of current condition, this press release contains forward-looking statements within the meaning of the "Safe Harbor" provisions of The Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company's current expectations or forecasts of future events. The Company's performance and financial results could differ materially from those reflected in these forward-looking statements due to among other factors, uncertainty inherent in the discovery phase of technological development, any efforts by third parties to invalidate or limit any patents, the marketplace acceptance of its products, the decisions of regulatory authorities, the results of clinical trials and general financial, economic, regulatory and political conditions affecting the food, biotechnology and pharmaceutical industries generally. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. The Company undertakes no obligation to update publicly any forward-looking statement.
Source: Redpoint Bio Corporation
GREN hristmas goes environmentally savvy [The Oklahoman] Knight Ridder/Tribune "Business News "
hristmas goes environmentally savvy [The Oklahoman]Knight Ridder/Tribune "Business News "
Dec. 14--Some may dream of a white Christmas, but this year Christmas has gone "green."
"Green," gifts -- those that won't harm Mother Nature -- are one of the season's biggest trends.
Thanks to Al Gore and the global warming dialogue, "A lot customers are starting to become more environmentally interested," said Kevin Mashburn, owner of Kamber's.
His store, 7308 N Western Ave., sells GreenSmart laptop sleeves, $39.95, refashioned from plastic bottles.
Green goods For the eco-conscious recipient, LUX, 7318 N Western Ave., sells Vy & Elle purses made from recycled vinyl billboards. So far Vy & Elle has recycled 42 tons of vinyl that would have otherwise been dumped in landfills, said store director Troy Wilson.
Besides helping save the environment, he said the bags are cute. "It's really fun because it's kind of a color contrast. And they're one-of-a-kind, because you never know which part of the billboard they're going to use," he said.
The store also sells a line of environmentally friendly cleaning products, scents and a hand soap and lotion set, $27. Caldrea, a popular gift at LUX, is made from plants, and doesn't contain ammonia, bleach or harmful detergents.
"Caldrea we've carried for years, but the whole green thing has become more of an issue I think as people are becoming more aware," Wilson said.
He said the store carries and sells more green items than they did a year ago. However, Wilson said, quality is more important to the customer than a product's "greenness."
"(Eco-friendly) is an added selling point. I don't know if it's the selling point," he said. "As a retailer, I'm definitely becoming more aware."
Last summer, LUX began using shopping bags made from recycled paper. And as much as possible, Wilson said, he prefers to buy from green suppliers who use recycled packaging material.
Some call it trash Jeanette Koenig, owner of Route 66, 5000 N Pennsylvania Ave., strives to sell merchandise that isn't "just stuff." She loves things that are different, well designed and have a story, like the recycled license-plate purses, photo albums, $25, and CD cases the store sells.
Route 66 also sells coasters, bowls and bracelets made from recycled vinyl records, CD racks made from bicycle wheels, $95, and purses which can be cleaned with Armor All.
"The purses are amazing. They look like fashion bags, but they're not made of leather. They're darling recycled inner tube with 60,000 miles or more," she said.
The store also sells inner tube briefcases and belts which are adorned with reclaimed bottle caps and seat-belt buckles.
Toys, too, are going green. Learning Tree Toys Books & Games, 7638 N Western, sells Hape toys which are made from bamboo, a very replenishable wood. The store also sells Blue Orange, a line of wooden games. The San Francisco-based company claims to plant two trees for every tree it cuts down.
Even discount retailers such as Target and Wal-Mart are hopping on the green wagon by promoting lines of eco-friendly gifts for the holiday shopping season.
Organic cotton sheet sets, $80-$110, are "a hot eco-friendly gift" at Target, spokeswoman Anne Rodgers said.
She said clean-burning soy candles are also a popular gift idea. A rock garden soy candle gift set sells for $11.
"We're definitely seeing an increased interest from our guests in eco-friendly merchandise," she said.
Wal-Mart jumps in Wal-Mart also is promoting organic coffee, organic cotton clothing and other recyclable products such as toothbrushes.
Some retailers said the green trend is just a fad, however others took a more optimistic viewpoint.
"I've been a green store for 19 years," Koenig said. She said she plans to continue selling recycled merchandise at Route 66.
"I think it's definitely become more of a movement," Wilson said.
"I think it's here to stay. As more companies become aware and become more efficient at doing it, I think it's definitely going to expand."
To see more of The Oklahoman, or to subscribe to the newspaper, go to http://www.newsok.com.
Copyright (c) 2007, The Oklahoman
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Dec. 14--Some may dream of a white Christmas, but this year Christmas has gone "green."
"Green," gifts -- those that won't harm Mother Nature -- are one of the season's biggest trends.
Thanks to Al Gore and the global warming dialogue, "A lot customers are starting to become more environmentally interested," said Kevin Mashburn, owner of Kamber's.
His store, 7308 N Western Ave., sells GreenSmart laptop sleeves, $39.95, refashioned from plastic bottles.
Green goods For the eco-conscious recipient, LUX, 7318 N Western Ave., sells Vy & Elle purses made from recycled vinyl billboards. So far Vy & Elle has recycled 42 tons of vinyl that would have otherwise been dumped in landfills, said store director Troy Wilson.
Besides helping save the environment, he said the bags are cute. "It's really fun because it's kind of a color contrast. And they're one-of-a-kind, because you never know which part of the billboard they're going to use," he said.
The store also sells a line of environmentally friendly cleaning products, scents and a hand soap and lotion set, $27. Caldrea, a popular gift at LUX, is made from plants, and doesn't contain ammonia, bleach or harmful detergents.
"Caldrea we've carried for years, but the whole green thing has become more of an issue I think as people are becoming more aware," Wilson said.
He said the store carries and sells more green items than they did a year ago. However, Wilson said, quality is more important to the customer than a product's "greenness."
"(Eco-friendly) is an added selling point. I don't know if it's the selling point," he said. "As a retailer, I'm definitely becoming more aware."
Last summer, LUX began using shopping bags made from recycled paper. And as much as possible, Wilson said, he prefers to buy from green suppliers who use recycled packaging material.
Some call it trash Jeanette Koenig, owner of Route 66, 5000 N Pennsylvania Ave., strives to sell merchandise that isn't "just stuff." She loves things that are different, well designed and have a story, like the recycled license-plate purses, photo albums, $25, and CD cases the store sells.
Route 66 also sells coasters, bowls and bracelets made from recycled vinyl records, CD racks made from bicycle wheels, $95, and purses which can be cleaned with Armor All.
"The purses are amazing. They look like fashion bags, but they're not made of leather. They're darling recycled inner tube with 60,000 miles or more," she said.
The store also sells inner tube briefcases and belts which are adorned with reclaimed bottle caps and seat-belt buckles.
Toys, too, are going green. Learning Tree Toys Books & Games, 7638 N Western, sells Hape toys which are made from bamboo, a very replenishable wood. The store also sells Blue Orange, a line of wooden games. The San Francisco-based company claims to plant two trees for every tree it cuts down.
Even discount retailers such as Target and Wal-Mart are hopping on the green wagon by promoting lines of eco-friendly gifts for the holiday shopping season.
Organic cotton sheet sets, $80-$110, are "a hot eco-friendly gift" at Target, spokeswoman Anne Rodgers said.
She said clean-burning soy candles are also a popular gift idea. A rock garden soy candle gift set sells for $11.
"We're definitely seeing an increased interest from our guests in eco-friendly merchandise," she said.
Wal-Mart jumps in Wal-Mart also is promoting organic coffee, organic cotton clothing and other recyclable products such as toothbrushes.
Some retailers said the green trend is just a fad, however others took a more optimistic viewpoint.
"I've been a green store for 19 years," Koenig said. She said she plans to continue selling recycled merchandise at Route 66.
"I think it's definitely become more of a movement," Wilson said.
"I think it's here to stay. As more companies become aware and become more efficient at doing it, I think it's definitely going to expand."
To see more of The Oklahoman, or to subscribe to the newspaper, go to http://www.newsok.com.
Copyright (c) 2007, The Oklahoman
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
DRRAQ Dura to delay exit from bankruptcy: Credit market troubles are cited [Detroit Free Press] Knight Ridder/Tribune "Business News "
Dura to delay exit from bankruptcy: Credit market troubles are cited [Detroit Free Press]Knight Ridder/Tribune "Business News "
Dec. 14--The ailing credit market has posed a new challenge for another local auto supplier struggling to leave bankruptcy.
Rochester Hills-based Dura Automotive Systems Inc. plans to delay its exit from Chapter 11 bankruptcy because the tight credit market has made it difficult to attract an exit loan.
"The credit markets have continued to move against us these past few weeks, and the financing terms available in this market are not acceptable to the company," Dura CEO Larry Denton said in a statement Thursday.
Dura had planned to leave bankruptcy before the end of the year. The company said Thursday it would evaluate its financing strategy early next year and "will plan for emergence as soon as practicable."
Dura is trying to find a $425-million exit loan and said just Monday that most of that financing had been lined up.
Dura's delay is yet another example of how the subprime mortgage crisis has made it tougher for companies to attract loans. Banks have become more conservative in their lending after losing billions in the risky mortgage market.
"There's just not a lot of confidence right now," said Van Conway, president of Birmingham-based turnaround firm Conway MacKenzie & Dunleavy. "People are concerned that there's more to come."
Conway said Dura's trouble with the credit market shows signs of unfolding like Delphi Corp.'s bankruptcy case.
Delphi also delayed its expected bankruptcy exit to next year as the company tries to arrange a $6.8-billion exit loan. Delphi had reduced the loan it is seeking by nearly $2 billion.
To do that, Delphi changed the way it plans to pay creditors, which led to several other changes to appease those groups slated to vote on the plan.
Dura not only faces the challenge of a tight credit market, but a bleak forecast for North American auto sales and production.
CSM Worldwide said Thursday that it expects light vehicle production in North America to drop to 14.4 million next year, its lowest level in almost 15 years and 2008 U.S. vehicle sales to drop to 15.8 million, the lowest in a decade.
Dura plans to leave bankruptcy as a private company, under the ownership of Santa Barbara, Calif.-based private equity firm Pacificor LLC.
The company filed for Chapter 11 in October last year, amid a string of large auto supplier bankruptcies, after losing business from Lear Corp.
Contact JEWEL GOPWANI at 313-223-4550 or gopwani@freepress.com.
To see more of the Detroit Free Press, or to subscribe to the newspaper, go to http://www.freep.com
Copyright (c) 2007, Detroit Free Press
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Dec. 14--The ailing credit market has posed a new challenge for another local auto supplier struggling to leave bankruptcy.
Rochester Hills-based Dura Automotive Systems Inc. plans to delay its exit from Chapter 11 bankruptcy because the tight credit market has made it difficult to attract an exit loan.
"The credit markets have continued to move against us these past few weeks, and the financing terms available in this market are not acceptable to the company," Dura CEO Larry Denton said in a statement Thursday.
Dura had planned to leave bankruptcy before the end of the year. The company said Thursday it would evaluate its financing strategy early next year and "will plan for emergence as soon as practicable."
Dura is trying to find a $425-million exit loan and said just Monday that most of that financing had been lined up.
Dura's delay is yet another example of how the subprime mortgage crisis has made it tougher for companies to attract loans. Banks have become more conservative in their lending after losing billions in the risky mortgage market.
"There's just not a lot of confidence right now," said Van Conway, president of Birmingham-based turnaround firm Conway MacKenzie & Dunleavy. "People are concerned that there's more to come."
Conway said Dura's trouble with the credit market shows signs of unfolding like Delphi Corp.'s bankruptcy case.
Delphi also delayed its expected bankruptcy exit to next year as the company tries to arrange a $6.8-billion exit loan. Delphi had reduced the loan it is seeking by nearly $2 billion.
To do that, Delphi changed the way it plans to pay creditors, which led to several other changes to appease those groups slated to vote on the plan.
Dura not only faces the challenge of a tight credit market, but a bleak forecast for North American auto sales and production.
CSM Worldwide said Thursday that it expects light vehicle production in North America to drop to 14.4 million next year, its lowest level in almost 15 years and 2008 U.S. vehicle sales to drop to 15.8 million, the lowest in a decade.
Dura plans to leave bankruptcy as a private company, under the ownership of Santa Barbara, Calif.-based private equity firm Pacificor LLC.
The company filed for Chapter 11 in October last year, amid a string of large auto supplier bankruptcies, after losing business from Lear Corp.
Contact JEWEL GOPWANI at 313-223-4550 or gopwani@freepress.com.
To see more of the Detroit Free Press, or to subscribe to the newspaper, go to http://www.freep.com
Copyright (c) 2007, Detroit Free Press
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Monday, November 26, 2007
SWVC Hacketts' Day-after-Thanksgiving Sales Results Exceed Expectations
Hacketts' Day-after-Thanksgiving Sales Results Exceed ExpectationsBusiness Wire "US Press Releases "
OGDENSBURG, N.Y.--(BUSINESS WIRE)--
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley" or the "Company") is pleased to report that sales of its wholly-owned subsidiary, Patrick Hackett Hardware Company ("Hacketts"), enjoyed significant increases totaling close to 60% in same store sales on the day after Thanksgiving, which has been dubbed "Black Friday". The Friday following Thanksgiving is traditionally considered the first day of shopping in the holiday season and an important day and a possible indicator of the upcoming holiday shopping season.
Norman Garrelts, President and CEO of Hacketts stated, "In spite of prior evening and early morning snowfalls and a noticeable increase in the level of competition and advertising for Friday's customers, Hacketts showed tremendous increases in all stores. Hacketts opened at 7AM and had achieved the previous year's comparable sales shortly after the lunch hour." The stores, which included Canton, Massena, Ogdensburg, Potsdam, and Watertown, each were operating on the same day last year. All stores showed sales increases, with a range of a 137% increase in the Massena store and a 35% increase in the Ogdensburg store.
Hacketts' sales remained strong on the following day, with sales increases that averaged about 22% across the company. Mr. Garrelts added, "Management feels that these results are a strong indication that Hacketts is on target with its merchandise mix and footprint for these and future stores."
About Patrick Hackett Hardware Company
Hacketts, one of the nation's oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hacketts, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hacketts also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hacketts full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and Seaway will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: Seaway Valley Capital Corporation
OGDENSBURG, N.Y.--(BUSINESS WIRE)--
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley" or the "Company") is pleased to report that sales of its wholly-owned subsidiary, Patrick Hackett Hardware Company ("Hacketts"), enjoyed significant increases totaling close to 60% in same store sales on the day after Thanksgiving, which has been dubbed "Black Friday". The Friday following Thanksgiving is traditionally considered the first day of shopping in the holiday season and an important day and a possible indicator of the upcoming holiday shopping season.
Norman Garrelts, President and CEO of Hacketts stated, "In spite of prior evening and early morning snowfalls and a noticeable increase in the level of competition and advertising for Friday's customers, Hacketts showed tremendous increases in all stores. Hacketts opened at 7AM and had achieved the previous year's comparable sales shortly after the lunch hour." The stores, which included Canton, Massena, Ogdensburg, Potsdam, and Watertown, each were operating on the same day last year. All stores showed sales increases, with a range of a 137% increase in the Massena store and a 35% increase in the Ogdensburg store.
Hacketts' sales remained strong on the following day, with sales increases that averaged about 22% across the company. Mr. Garrelts added, "Management feels that these results are a strong indication that Hacketts is on target with its merchandise mix and footprint for these and future stores."
About Patrick Hackett Hardware Company
Hacketts, one of the nation's oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hacketts, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hacketts also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hacketts full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and Seaway will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: Seaway Valley Capital Corporation
SWVC Hacketts' Day-after-Thanksgiving Sales Results Exceed Expectations
Hacketts' Day-after-Thanksgiving Sales Results Exceed ExpectationsBusiness Wire "US Press Releases "
OGDENSBURG, N.Y.--(BUSINESS WIRE)--
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley" or the "Company") is pleased to report that sales of its wholly-owned subsidiary, Patrick Hackett Hardware Company ("Hacketts"), enjoyed significant increases totaling close to 60% in same store sales on the day after Thanksgiving, which has been dubbed "Black Friday". The Friday following Thanksgiving is traditionally considered the first day of shopping in the holiday season and an important day and a possible indicator of the upcoming holiday shopping season.
Norman Garrelts, President and CEO of Hacketts stated, "In spite of prior evening and early morning snowfalls and a noticeable increase in the level of competition and advertising for Friday's customers, Hacketts showed tremendous increases in all stores. Hacketts opened at 7AM and had achieved the previous year's comparable sales shortly after the lunch hour." The stores, which included Canton, Massena, Ogdensburg, Potsdam, and Watertown, each were operating on the same day last year. All stores showed sales increases, with a range of a 137% increase in the Massena store and a 35% increase in the Ogdensburg store.
Hacketts' sales remained strong on the following day, with sales increases that averaged about 22% across the company. Mr. Garrelts added, "Management feels that these results are a strong indication that Hacketts is on target with its merchandise mix and footprint for these and future stores."
About Patrick Hackett Hardware Company
Hacketts, one of the nation's oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hacketts, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hacketts also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hacketts full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and Seaway will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: Seaway Valley Capital Corporation
OGDENSBURG, N.Y.--(BUSINESS WIRE)--
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley" or the "Company") is pleased to report that sales of its wholly-owned subsidiary, Patrick Hackett Hardware Company ("Hacketts"), enjoyed significant increases totaling close to 60% in same store sales on the day after Thanksgiving, which has been dubbed "Black Friday". The Friday following Thanksgiving is traditionally considered the first day of shopping in the holiday season and an important day and a possible indicator of the upcoming holiday shopping season.
Norman Garrelts, President and CEO of Hacketts stated, "In spite of prior evening and early morning snowfalls and a noticeable increase in the level of competition and advertising for Friday's customers, Hacketts showed tremendous increases in all stores. Hacketts opened at 7AM and had achieved the previous year's comparable sales shortly after the lunch hour." The stores, which included Canton, Massena, Ogdensburg, Potsdam, and Watertown, each were operating on the same day last year. All stores showed sales increases, with a range of a 137% increase in the Massena store and a 35% increase in the Ogdensburg store.
Hacketts' sales remained strong on the following day, with sales increases that averaged about 22% across the company. Mr. Garrelts added, "Management feels that these results are a strong indication that Hacketts is on target with its merchandise mix and footprint for these and future stores."
About Patrick Hackett Hardware Company
Hacketts, one of the nation's oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hacketts, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hacketts also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hacketts full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and Seaway will also consider select technology investments.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: Seaway Valley Capital Corporation
CBGC Canadian Blue Gold, Inc. Announces Launching of a Private Label Fund Raising Program in Orlando
Canadian Blue Gold, Inc. Announces Launching of a Private Label Fund Raising Program in OrlandoMarket Wire "US Press Releases "
ORLANDO, FL -- (MARKET WIRE) -- 11/26/07 -- Canadian Blue Gold, Inc. (PINKSHEETS: CBGC) today announced the launching of the Company private label fund raising program in Orlando. Newly appointed CEO, Mr. Allain Barriรจre has met with several organizations last week in Orlando to launch the Company's new innovative private label fund raising program. The Company has structured this program targeting 3 key objectives.
The first objective is to develop Canadian Blue Gold's corporate exposure in the US Market. The second objective is to reach the American consumer market by positioning Norwa's high-end water products while taking an active role in local communities. The final objective is to help not-for-profit and charitable organizations to raise funds through a new innovative and healthy approach.
Mr. Allain Barriรจre has recently been recognized and honored by the community for his charitable work and involvement, and his devotion to society for his fund raising efforts in support of two local organizations. The not-for-profit groups that have benefited from Mr. Barriรจre's generosity on behalf of Canadian Blue Gold are:
-- Men with Hearts, an organization that regroups men, women and couples
in search of real changes and equilibrium in their daily lives. The main
themes raised are sources of power, personal identity, strength and
sensitivity, self esteem, relations between parents and children/man and
woman, etc.
-- Les Grรจves de Contrecoeur, a well-known "Summer Camp" for
underprivileged families, children and seniors and members of broken,
conflicted and dysfunctional families. The activities promoted at that Camp
are all related to the development of self esteem, creativity, social life,
one's competencies and love and respect for environment.
Mr. Barriรจre has provided valuable fund raising dollars to these groups close to his heart through the private labeling of Canadian Blue Gold's line of natural spring bottled water from Northern Quebec. Private Labeling of the Company's award-winning drinking water has proven to be a good source of initial sales and revenues for Canadian Blue Gold's expanding operations. Barriรจre intends to continue growing this particular segment of the corporation via his charitable involvements, and now in Florida's community programs.
Allain Barriรจre brings experience gained through a long and illustrious career to his current position at Canadian Blue Gold. For 18 years he has acted as a key figure in sales and marketing for Labatt Breweries, the 150+ year old beverage company based in Quebec. It was in this position, as well as others similar to it, where Barriรจre gained what he calls "a comprehensive expertise" in the beverage distribution business; this is something the Company feels will help move along its brands acceptance initiatives, and lead to an eventual and substantial increase in shareholder value for Canadian Blue Gold, Inc.
For more information on Canadian Blue Gold, please visit the Company corporate Web site at: www.canadianbluegold.com or contact investor relations at: Investor Communications Representatives at Canadian Blue Gold's Investor Relations firm Equiti-Trend Advisors. Reps are available on market days from 9:30 a.m. to 5:30 p.m. EST by calling (800) 953-3350.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. Contact:
Investor Relations
Equiti-Trend Advisors
www.canadianbluegold.com
(800) 953-3350
ORLANDO, FL -- (MARKET WIRE) -- 11/26/07 -- Canadian Blue Gold, Inc. (PINKSHEETS: CBGC) today announced the launching of the Company private label fund raising program in Orlando. Newly appointed CEO, Mr. Allain Barriรจre has met with several organizations last week in Orlando to launch the Company's new innovative private label fund raising program. The Company has structured this program targeting 3 key objectives.
The first objective is to develop Canadian Blue Gold's corporate exposure in the US Market. The second objective is to reach the American consumer market by positioning Norwa's high-end water products while taking an active role in local communities. The final objective is to help not-for-profit and charitable organizations to raise funds through a new innovative and healthy approach.
Mr. Allain Barriรจre has recently been recognized and honored by the community for his charitable work and involvement, and his devotion to society for his fund raising efforts in support of two local organizations. The not-for-profit groups that have benefited from Mr. Barriรจre's generosity on behalf of Canadian Blue Gold are:
-- Men with Hearts, an organization that regroups men, women and couples
in search of real changes and equilibrium in their daily lives. The main
themes raised are sources of power, personal identity, strength and
sensitivity, self esteem, relations between parents and children/man and
woman, etc.
-- Les Grรจves de Contrecoeur, a well-known "Summer Camp" for
underprivileged families, children and seniors and members of broken,
conflicted and dysfunctional families. The activities promoted at that Camp
are all related to the development of self esteem, creativity, social life,
one's competencies and love and respect for environment.
Mr. Barriรจre has provided valuable fund raising dollars to these groups close to his heart through the private labeling of Canadian Blue Gold's line of natural spring bottled water from Northern Quebec. Private Labeling of the Company's award-winning drinking water has proven to be a good source of initial sales and revenues for Canadian Blue Gold's expanding operations. Barriรจre intends to continue growing this particular segment of the corporation via his charitable involvements, and now in Florida's community programs.
Allain Barriรจre brings experience gained through a long and illustrious career to his current position at Canadian Blue Gold. For 18 years he has acted as a key figure in sales and marketing for Labatt Breweries, the 150+ year old beverage company based in Quebec. It was in this position, as well as others similar to it, where Barriรจre gained what he calls "a comprehensive expertise" in the beverage distribution business; this is something the Company feels will help move along its brands acceptance initiatives, and lead to an eventual and substantial increase in shareholder value for Canadian Blue Gold, Inc.
For more information on Canadian Blue Gold, please visit the Company corporate Web site at: www.canadianbluegold.com or contact investor relations at: Investor Communications Representatives at Canadian Blue Gold's Investor Relations firm Equiti-Trend Advisors. Reps are available on market days from 9:30 a.m. to 5:30 p.m. EST by calling (800) 953-3350.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. Contact:
Investor Relations
Equiti-Trend Advisors
www.canadianbluegold.com
(800) 953-3350
HOKU Hoku and Solarfun Sign $306 Million Polysilicon Supply Contract
Hoku and Solarfun Sign $306 Million Polysilicon Supply ContractMarket Wire "US Press Releases "
POCATELLO, ID and QIDONG, CHINA -- (MARKET WIRE) -- 11/26/07 -- Hoku Scientific, Inc. (NASDAQ: HOKU), a diversified provider of clean energy products and technologies including polysilicon for the solar industry, and Solarfun Power Hong Kong Limited, a subsidiary of Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), an established manufacturer of both photovoltaic (PV) cells and modules in China, today announced the signing of a definitive contract for Hoku's sale and delivery of polysilicon to Solarfun over an eight-year period beginning in mid-2009.
Under the contract, up to approximately $306 million may be payable to Hoku during the eight-year period, subject to product deliveries and other conditions. The contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second half of 2009 and continuing over an eight-year period from the first shipment, at set prices that will decline throughout the term of the agreement. The contract also provides for an initial deposit of $10 million to Hoku on or before December 28, 2007, and requires that Solarfun make additional prepayments for products in the aggregate amount of $45, which are to be paid to Hoku in three installments: the first payment is due on September 30, 2008, and the final payment is due on March 31, 2010. The $45 million prepayment amount is to be placed in an escrow account by Solarfun, or secured by a letter of credit from Solarfun's bank, on or before January 10, 2008. Under the agreement, Hoku will grant to Solarfun a security interest in its polysilicon assets to secure Hoku's obligation to repay $55 million to Solarfun as a credit against product shipments over time.
"We are pleased to have established this relationship with Solarfun, a rising star in the solar industry," said Dustin Shindo, Chief Executive Officer of Hoku Scientific. "Their long-term strategic direction and their aggressive expansion plans make them an ideal partner for Hoku."
"Hoku has built a solid reputation as a leader among the new entrants in the polysilicon field and we are extremely confident in their ability to meet our long term polysilicon requirements," said Solarfun's Chairman Lu Yonghua. "This contract will help us realize our anticipated manufacturing cost advantages through our previously disclosed vertical integration and capacity expansion plans."
Hoku is in the process of building a polysilicon plant in Pocatello, Idaho that is being designed for annual production up to approximately 2,500 metric tons of polysilicon. Hoku is currently planning a Phase II expansion of the polysilicon plant to expand capacity beyond 2,500 metric tons. Hoku's customers, including SANYO Electric Co., Ltd., Suntech Power Holdings Co., Ltd., Global Expertise Wafer Division Ltd. -- a subsidiary of Solar-Fabrik AG -- and Solarfun, have collectively agreed to purchase approximately $1.5 billion in polysilicon over a seven to ten year period.
"Signing this contract with Solarfun is the first order we have accepted for Phase II of our polysilicon business, which will include additional production capacity in excess of the 2,500 metric tons of annual capacity that is included in our Phase I development," concluded Dustin Shindo. "The ultimate capacity of our Phase II expansion, in excess of the volumes we have committed to Solarfun, will be determined based on the total contracts we sign with other customers over the next several months."
About Hoku Scientific, Inc.
Hoku Scientific, Inc. (NASDAQ: HOKU) is a diversified clean energy technologies company with three business units: Hoku Materials, Hoku Solar and Hoku Fuel Cells. Hoku Materials plans to manufacture, market, and sell polysilicon for the solar market from its plant currently under construction in Pocatello, Idaho. Hoku Solar is a provider of turnkey photovoltaic systems in Hawaii. Hoku Fuel Cells has developed proprietary fuel cell membranes and membrane electrode assemblies for stationary and automotive proton exchange membrane fuel cells. For more information visit www.hokuscientific.com.
Hoku® and Hoku Scientific® are registered trademarks and Hoku Materials(TM) is a trademark of Hoku Scientific, Inc.
About Solarfun Power Holdings Co., Ltd.
Solarfun Power Holdings Co, Ltd. (NASDAQ: SOLF) manufactures both PV cells and PV modules, provides PV cell processing services to convert silicon wafers into PV cells, and supplies solar system integration services in China. Solarfun produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors, OEM manufacturers and directly to system integrators. Solarfun was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. For more information visit www.solarfun.com.cn.
Forward-Looking Statements
This press release contains forward-looking statements that involve many risks and uncertainties. These statements relate to Hoku Scientific's ability to successfully derive revenues from the sale of polysilicon to Solarfun, Sanyo, Suntech and Global Expertise Wafer Division; its ability to successfully raise sufficient funds to establish a polysilicon manufacturing plant; its ability to engineer and construct a production plant for polysilicon, including its planned Phase II expansion; Hoku Scientific's relationships with Solarfun, Sanyo, Suntech, Global Expertise Wafer Division, and other contracting parties; its ability to manufacture polysilicon; its ability to meet the delivery schedule in its agreement with Solarfun; its ability to sign additional contracts for the sale of polysilicon; the quality of polysilicon to be manufactured; Hoku Scientific's costs to manufacture polysilicon, and its ability to offer pricing that is competitive with competing products; Solarfun's vertical integration and capacity expansion plans; Hoku Scientific and Solarfun's respective future financial performance; their business strategies and plans; and objectives of each company's management for future operations. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause Hoku Scientific's actual results, performance, time frames or achievements to be materially different from any future results, performance, time frames or achievements expressed or implied by the forward-looking statements. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements. In evaluating these statements, you should specifically consider the risks described in Hoku Scientific and Solarfun's respective filings with the Securities and Exchange Commission, as applicable. Except as required by law, neither Hoku Scientific nor Solarfun assume any obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. CONTACTS for Hoku Scientific:
In Hawaii:
Hoku Scientific
Tel: 808-682-7800
Email Contact
CONTACTS for Solarfun Power Hong Kong Limited
Solarfun Power Holdings Co., Ltd.
Investor Relations
8621-6306-8907
Email Contact
or
Christensen
Peter Homstad
Email Contact
480 614 3000
or
Shelldy Cheung
852-2117 0861
Email Contact
POCATELLO, ID and QIDONG, CHINA -- (MARKET WIRE) -- 11/26/07 -- Hoku Scientific, Inc. (NASDAQ: HOKU), a diversified provider of clean energy products and technologies including polysilicon for the solar industry, and Solarfun Power Hong Kong Limited, a subsidiary of Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), an established manufacturer of both photovoltaic (PV) cells and modules in China, today announced the signing of a definitive contract for Hoku's sale and delivery of polysilicon to Solarfun over an eight-year period beginning in mid-2009.
Under the contract, up to approximately $306 million may be payable to Hoku during the eight-year period, subject to product deliveries and other conditions. The contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second half of 2009 and continuing over an eight-year period from the first shipment, at set prices that will decline throughout the term of the agreement. The contract also provides for an initial deposit of $10 million to Hoku on or before December 28, 2007, and requires that Solarfun make additional prepayments for products in the aggregate amount of $45, which are to be paid to Hoku in three installments: the first payment is due on September 30, 2008, and the final payment is due on March 31, 2010. The $45 million prepayment amount is to be placed in an escrow account by Solarfun, or secured by a letter of credit from Solarfun's bank, on or before January 10, 2008. Under the agreement, Hoku will grant to Solarfun a security interest in its polysilicon assets to secure Hoku's obligation to repay $55 million to Solarfun as a credit against product shipments over time.
"We are pleased to have established this relationship with Solarfun, a rising star in the solar industry," said Dustin Shindo, Chief Executive Officer of Hoku Scientific. "Their long-term strategic direction and their aggressive expansion plans make them an ideal partner for Hoku."
"Hoku has built a solid reputation as a leader among the new entrants in the polysilicon field and we are extremely confident in their ability to meet our long term polysilicon requirements," said Solarfun's Chairman Lu Yonghua. "This contract will help us realize our anticipated manufacturing cost advantages through our previously disclosed vertical integration and capacity expansion plans."
Hoku is in the process of building a polysilicon plant in Pocatello, Idaho that is being designed for annual production up to approximately 2,500 metric tons of polysilicon. Hoku is currently planning a Phase II expansion of the polysilicon plant to expand capacity beyond 2,500 metric tons. Hoku's customers, including SANYO Electric Co., Ltd., Suntech Power Holdings Co., Ltd., Global Expertise Wafer Division Ltd. -- a subsidiary of Solar-Fabrik AG -- and Solarfun, have collectively agreed to purchase approximately $1.5 billion in polysilicon over a seven to ten year period.
"Signing this contract with Solarfun is the first order we have accepted for Phase II of our polysilicon business, which will include additional production capacity in excess of the 2,500 metric tons of annual capacity that is included in our Phase I development," concluded Dustin Shindo. "The ultimate capacity of our Phase II expansion, in excess of the volumes we have committed to Solarfun, will be determined based on the total contracts we sign with other customers over the next several months."
About Hoku Scientific, Inc.
Hoku Scientific, Inc. (NASDAQ: HOKU) is a diversified clean energy technologies company with three business units: Hoku Materials, Hoku Solar and Hoku Fuel Cells. Hoku Materials plans to manufacture, market, and sell polysilicon for the solar market from its plant currently under construction in Pocatello, Idaho. Hoku Solar is a provider of turnkey photovoltaic systems in Hawaii. Hoku Fuel Cells has developed proprietary fuel cell membranes and membrane electrode assemblies for stationary and automotive proton exchange membrane fuel cells. For more information visit www.hokuscientific.com.
Hoku® and Hoku Scientific® are registered trademarks and Hoku Materials(TM) is a trademark of Hoku Scientific, Inc.
About Solarfun Power Holdings Co., Ltd.
Solarfun Power Holdings Co, Ltd. (NASDAQ: SOLF) manufactures both PV cells and PV modules, provides PV cell processing services to convert silicon wafers into PV cells, and supplies solar system integration services in China. Solarfun produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors, OEM manufacturers and directly to system integrators. Solarfun was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. For more information visit www.solarfun.com.cn.
Forward-Looking Statements
This press release contains forward-looking statements that involve many risks and uncertainties. These statements relate to Hoku Scientific's ability to successfully derive revenues from the sale of polysilicon to Solarfun, Sanyo, Suntech and Global Expertise Wafer Division; its ability to successfully raise sufficient funds to establish a polysilicon manufacturing plant; its ability to engineer and construct a production plant for polysilicon, including its planned Phase II expansion; Hoku Scientific's relationships with Solarfun, Sanyo, Suntech, Global Expertise Wafer Division, and other contracting parties; its ability to manufacture polysilicon; its ability to meet the delivery schedule in its agreement with Solarfun; its ability to sign additional contracts for the sale of polysilicon; the quality of polysilicon to be manufactured; Hoku Scientific's costs to manufacture polysilicon, and its ability to offer pricing that is competitive with competing products; Solarfun's vertical integration and capacity expansion plans; Hoku Scientific and Solarfun's respective future financial performance; their business strategies and plans; and objectives of each company's management for future operations. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause Hoku Scientific's actual results, performance, time frames or achievements to be materially different from any future results, performance, time frames or achievements expressed or implied by the forward-looking statements. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements. In evaluating these statements, you should specifically consider the risks described in Hoku Scientific and Solarfun's respective filings with the Securities and Exchange Commission, as applicable. Except as required by law, neither Hoku Scientific nor Solarfun assume any obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. CONTACTS for Hoku Scientific:
In Hawaii:
Hoku Scientific
Tel: 808-682-7800
Email Contact
CONTACTS for Solarfun Power Hong Kong Limited
Solarfun Power Holdings Co., Ltd.
Investor Relations
8621-6306-8907
Email Contact
or
Christensen
Peter Homstad
Email Contact
480 614 3000
or
Shelldy Cheung
852-2117 0861
Email Contact
LLBT Lifeline Biotechnologies, Inc. Receives Update on Development Status of First Warning System(TM)
Lifeline Biotechnologies, Inc. Receives Update on Development Status of First Warning System(TM)Business Wire "US Press Releases "
RENO, Nev.--(BUSINESS WIRE)--
Lifeline Biotechnologies, Inc. (Pink Sheets:LLBT) today announced that the Company will be meeting with the Managing Engineer of Nanyang Technical University this week to receive an update on the development status of the First Warning System(TM) (FWS). The expected advancements could facilitate women who have periodic FWS breast examinations by classifying them as normal, suspicious or positive for breast cancer.
The underlying technology, upon which the FWS is based, holds the possibility of eliminating over 90 percent of unnecessary breast biopsies performed each year in the U.S. providing a potential savings of up to $2.8 billion annually. The First Warning System(TM) could also conceivably eliminate the need for many of the newly suggested MRIs thereby providing additional savings.
"We look forward to meeting with the Managing Engineer to review their findings to date. This information will be needed to support Lifeline's application for the 510(k). Upon clearance of the 510(k) by the U.S. Food and Drug Administration (FDA), Lifeline could begin marketing the First Warning System(TM)," stated Jim Holmes, CEO of Lifeline Biotechnologies, Inc.
Lifeline recently announced that the Company has been in discussions with various firms to help with the preparation of filing the 510(k) with the FDA. The selected firm will help with the verification and validation guidelines, and the Company expects to announce its selection soon.
About Lifeline Biotechnologies, Inc:
Lifeline Biotechnologies, Inc. is an innovative medical technology company that is focused on completing the development of the First Warning System(TM), which was designed to assist in the early detection of breast cancer. Of the approximately $138 billion spent on cancer each year, Lifeline could potentially save the healthcare industry up to $4.1 billion annually, assuming the following are successfully completed: the development of the First Warning System(TM), the completion of clinical trials and FDA pre-marketing clearance. Lifeline competes in the money markets for funds to support the development of its product. The cost of funds, for early stage companies like Lifeline, are expensive and the terms have been, and may continue to be, dilutive.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Source: Lifeline Biotechnologies, Inc.
RENO, Nev.--(BUSINESS WIRE)--
Lifeline Biotechnologies, Inc. (Pink Sheets:LLBT) today announced that the Company will be meeting with the Managing Engineer of Nanyang Technical University this week to receive an update on the development status of the First Warning System(TM) (FWS). The expected advancements could facilitate women who have periodic FWS breast examinations by classifying them as normal, suspicious or positive for breast cancer.
The underlying technology, upon which the FWS is based, holds the possibility of eliminating over 90 percent of unnecessary breast biopsies performed each year in the U.S. providing a potential savings of up to $2.8 billion annually. The First Warning System(TM) could also conceivably eliminate the need for many of the newly suggested MRIs thereby providing additional savings.
"We look forward to meeting with the Managing Engineer to review their findings to date. This information will be needed to support Lifeline's application for the 510(k). Upon clearance of the 510(k) by the U.S. Food and Drug Administration (FDA), Lifeline could begin marketing the First Warning System(TM)," stated Jim Holmes, CEO of Lifeline Biotechnologies, Inc.
Lifeline recently announced that the Company has been in discussions with various firms to help with the preparation of filing the 510(k) with the FDA. The selected firm will help with the verification and validation guidelines, and the Company expects to announce its selection soon.
About Lifeline Biotechnologies, Inc:
Lifeline Biotechnologies, Inc. is an innovative medical technology company that is focused on completing the development of the First Warning System(TM), which was designed to assist in the early detection of breast cancer. Of the approximately $138 billion spent on cancer each year, Lifeline could potentially save the healthcare industry up to $4.1 billion annually, assuming the following are successfully completed: the development of the First Warning System(TM), the completion of clinical trials and FDA pre-marketing clearance. Lifeline competes in the money markets for funds to support the development of its product. The cost of funds, for early stage companies like Lifeline, are expensive and the terms have been, and may continue to be, dilutive.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Source: Lifeline Biotechnologies, Inc.
DMHN Dynamic Media Holdings, Inc. Secures Additional Distribution Outlets for Its Flagship Publication
Dynamic Media Holdings, Inc. Secures Additional Distribution Outlets for Its Flagship PublicationMarket Wire "US Press Releases "
MANALAPAN, NJ -- (MARKET WIRE) -- 11/26/07 -- Dynamic Media Holdings, Inc. (PINKSHEETS: DMHN) announced today that it is continuing to expand distribution outlets for its flagship publication, "New Jersey Home & Style." Tom Corday, President of Publishers Consulting Group, is heading up the newsstand and retail distribution. Working closely with Kable Distribution Services, we are pleased to confirm the following outlets for distribution:
QuickChek
Eckerd
Rite Aid
Acme
A&P Metro
Stop & Shop
Waldbaums
Shoprite
Pathmark
Bruce Schoengood, CEO of Dynamic Media, says, "Adding such popular retail chains and outlets will increase visibility and availability of our magazine and continue to make our product a known, branded name. We will work to continue to increase our visibility and positioning in the marketplace which will strengthen our consumer and advertising base."
About New Jersey Home & Style
This glossy, full-color magazine takes readers on a wonderful tour taking by taking them inside interesting, tasteful, inventive, beautiful and awe-inspiring homes. All of us have driven by houses and wondered what they look like inside. NJH&S brings you right through those front doors and into those beautiful homes. Homeowners take a great deal of pride in designing and decorating their homes and we help bring their experience to you. Each issue of NJH&S brings you spectacular home photo layouts and spotlights award-winning interior and landscape designers, artists, home renovation specialists and showrooms. We supply readers not just with entertainment but with the education, insight and motivation to tackle any home project. "New Jersey Home & Style" plans to expand the editorial scope of the magazine to include issues, events, programs and solutions that contribute to better living and a better quality of life. By doing so, Dynamic Media plans to expand the magazine advertising base, subscription base and outlets that distribute the magazine.
NJH&S is on sale in bookstores, on newsstands and in retail chains throughout New Jersey and the tri-state region.
> About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand in the publishing sector. It plans to introduce several new products to the marketplace. In addition to magazines, the company is executing a strategy of using its core products to springboard and launch a diverse array of ancillary products thereby maximizing its product branding and potential. "It is a very exciting time and opportunity," CEO Schoengood states. "We plan to initiate a comprehensive strategy to the marketplace launching cutting-edge websites and strong online presence as well as penetrating the traditional brick and mortar sectors and avenues." "New Jersey Home & Style" is on sale in bookstores, on newsstands and in retail chains throughout the entire tri-state state. More information is available at the company's website at www.dmhninc.com
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future events or revenues depend upon our ability to develop and supply products, which we may not produce today and that may need to meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. For more information
M&M Investor Relations:
Dominic Martinez
(866) 508-2092 toll free
(719) 784-2092 direct
Dominic@mandminvestorrelations.com
MANALAPAN, NJ -- (MARKET WIRE) -- 11/26/07 -- Dynamic Media Holdings, Inc. (PINKSHEETS: DMHN) announced today that it is continuing to expand distribution outlets for its flagship publication, "New Jersey Home & Style." Tom Corday, President of Publishers Consulting Group, is heading up the newsstand and retail distribution. Working closely with Kable Distribution Services, we are pleased to confirm the following outlets for distribution:
QuickChek
Eckerd
Rite Aid
Acme
A&P Metro
Stop & Shop
Waldbaums
Shoprite
Pathmark
Bruce Schoengood, CEO of Dynamic Media, says, "Adding such popular retail chains and outlets will increase visibility and availability of our magazine and continue to make our product a known, branded name. We will work to continue to increase our visibility and positioning in the marketplace which will strengthen our consumer and advertising base."
About New Jersey Home & Style
This glossy, full-color magazine takes readers on a wonderful tour taking by taking them inside interesting, tasteful, inventive, beautiful and awe-inspiring homes. All of us have driven by houses and wondered what they look like inside. NJH&S brings you right through those front doors and into those beautiful homes. Homeowners take a great deal of pride in designing and decorating their homes and we help bring their experience to you. Each issue of NJH&S brings you spectacular home photo layouts and spotlights award-winning interior and landscape designers, artists, home renovation specialists and showrooms. We supply readers not just with entertainment but with the education, insight and motivation to tackle any home project. "New Jersey Home & Style" plans to expand the editorial scope of the magazine to include issues, events, programs and solutions that contribute to better living and a better quality of life. By doing so, Dynamic Media plans to expand the magazine advertising base, subscription base and outlets that distribute the magazine.
NJH&S is on sale in bookstores, on newsstands and in retail chains throughout New Jersey and the tri-state region.
> About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand in the publishing sector. It plans to introduce several new products to the marketplace. In addition to magazines, the company is executing a strategy of using its core products to springboard and launch a diverse array of ancillary products thereby maximizing its product branding and potential. "It is a very exciting time and opportunity," CEO Schoengood states. "We plan to initiate a comprehensive strategy to the marketplace launching cutting-edge websites and strong online presence as well as penetrating the traditional brick and mortar sectors and avenues." "New Jersey Home & Style" is on sale in bookstores, on newsstands and in retail chains throughout the entire tri-state state. More information is available at the company's website at www.dmhninc.com
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future events or revenues depend upon our ability to develop and supply products, which we may not produce today and that may need to meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. For more information
M&M Investor Relations:
Dominic Martinez
(866) 508-2092 toll free
(719) 784-2092 direct
Dominic@mandminvestorrelations.com
Tuesday, November 20, 2007
ENCS ncore Energy Systems Issues Positive Stockholder Update on Rapid Growth
ncore Energy Systems Issues Positive Stockholder Update on Rapid GrowthPR Newswire "US Press Releases "
BRIGHTON, Mich., Nov. 20 /PRNewswire-FirstCall/ -- Encore Energy Systems, Inc. (Pink Sheets: ENCS), a rapidly growing diversified energy company issued a stockholder update. The company has and will continue to release frequent updates on its progress: Accomplishments and Updates:
1. The Lake Travis project completed with nearly 140 of the Company's
DeMarco Energy Miser systems delivered.
2. Combined USA sales projections of $225,000,000 spanning numerous small
and large clients including national corporations with multiple
locations.
3. Anticipates a $0.05 EPS by calendar year-end 2008 based on a successful
execution of 50% of the current aggregate sales pipeline.
4. International Distribution Agreements to provide exclusive territory
rights to import our solutions and our patented DeMarco Energy Miser
System.
5. Expanded our product depth and announced a partnership with a
prestigious engineering firm
6. New residential installations are underway at our Lake Flato project
resulting in six additional DeMarco Energy Miser Units ordered for
installation.
7. Became a Sales Partner for the Caribbean and South East Florida for
AMK-SOLAC
8. Strengthened senior executive depth by new appointments
9. Obtained a new Strategic Partner for its Florida and Caribbean
expansions.
A continuation of our achievements containing more detail can be viewed at the company website. http://www.encoreenergyinc.com
About the Company
The Company owns the patent for the use of grey-water in heat exchanger systems and grows through energy-related acquisitions, marketing its patented heating/cooling systems, and sales of energy conservation solutions. The Company builds revenues through the sales and licensing of its patent on the use of grey-water in heat-exchangers.
The company's unique patented system has been installed in various public buildings and military facilities in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. Encore's primary focus is to provide energy efficient technologies to commercial and institutional markets that result in significant energy and cost savings. For more information, visit http://www.encoreenergyinc.com.
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's web-site version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision. Contact:
Encore Energy Systems, Inc.
Investor Relations
1-888-234-0963
info@encoreenergyinc.com
SOURCE Encore Energy Systems, Inc.
BRIGHTON, Mich., Nov. 20 /PRNewswire-FirstCall/ -- Encore Energy Systems, Inc. (Pink Sheets: ENCS), a rapidly growing diversified energy company issued a stockholder update. The company has and will continue to release frequent updates on its progress: Accomplishments and Updates:
1. The Lake Travis project completed with nearly 140 of the Company's
DeMarco Energy Miser systems delivered.
2. Combined USA sales projections of $225,000,000 spanning numerous small
and large clients including national corporations with multiple
locations.
3. Anticipates a $0.05 EPS by calendar year-end 2008 based on a successful
execution of 50% of the current aggregate sales pipeline.
4. International Distribution Agreements to provide exclusive territory
rights to import our solutions and our patented DeMarco Energy Miser
System.
5. Expanded our product depth and announced a partnership with a
prestigious engineering firm
6. New residential installations are underway at our Lake Flato project
resulting in six additional DeMarco Energy Miser Units ordered for
installation.
7. Became a Sales Partner for the Caribbean and South East Florida for
AMK-SOLAC
8. Strengthened senior executive depth by new appointments
9. Obtained a new Strategic Partner for its Florida and Caribbean
expansions.
A continuation of our achievements containing more detail can be viewed at the company website. http://www.encoreenergyinc.com
About the Company
The Company owns the patent for the use of grey-water in heat exchanger systems and grows through energy-related acquisitions, marketing its patented heating/cooling systems, and sales of energy conservation solutions. The Company builds revenues through the sales and licensing of its patent on the use of grey-water in heat-exchangers.
The company's unique patented system has been installed in various public buildings and military facilities in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. Encore's primary focus is to provide energy efficient technologies to commercial and institutional markets that result in significant energy and cost savings. For more information, visit http://www.encoreenergyinc.com.
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's web-site version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision. Contact:
Encore Energy Systems, Inc.
Investor Relations
1-888-234-0963
info@encoreenergyinc.com
SOURCE Encore Energy Systems, Inc.
CGDF Colombia Goldfields Ltd. Signs Letter of Intent To Acquire Colombia Gold PLC
Colombia Goldfields Ltd. Signs Letter of Intent To Acquire Colombia Gold PLCCanada NewsWire "All News "
TORONTO, Nov. 20 /CNW/ - Colombia Goldfields Ltd. (the "Company") (TSX: GOL/OTCBB: CGDF) today announced it has entered into a letter of intent to acquire Colombia Gold PLC. Completion of the transaction is subject to the negotiation and execution of a definitive agreement, satisfactory completion of technical, financial, legal and other commercial due diligence and customary conditions, including all shareholder, court, and regulatory approvals.
Colombia Gold PLC is a privately held UK company whose main assets are the mining rights to the Echandia property adjacent to Marmato Mountain. Colombia Gold is in the process of completing a NI 43-101 compliant technical report.
"We are very excited about this potential acquisition and how it reinforces the Company's strategy of consolidation of the Marmato Gold District," said J. Randy Martin, Chief Executive Officer and Vice Chairman of Colombia Goldfields Limited. "It would be an important acquisition for our Company as it would increase our resource base as well as provide additional access to the same ore body as our current project. Colombia Goldfields remains committed to the exploration and development of a new gold district surrounding the Marmato Mountain."
About Colombia Goldfields
TORONTO, Nov. 20 /CNW/ - Colombia Goldfields Ltd. (the "Company") (TSX: GOL/OTCBB: CGDF) today announced it has entered into a letter of intent to acquire Colombia Gold PLC. Completion of the transaction is subject to the negotiation and execution of a definitive agreement, satisfactory completion of technical, financial, legal and other commercial due diligence and customary conditions, including all shareholder, court, and regulatory approvals.
Colombia Gold PLC is a privately held UK company whose main assets are the mining rights to the Echandia property adjacent to Marmato Mountain. Colombia Gold is in the process of completing a NI 43-101 compliant technical report.
"We are very excited about this potential acquisition and how it reinforces the Company's strategy of consolidation of the Marmato Gold District," said J. Randy Martin, Chief Executive Officer and Vice Chairman of Colombia Goldfields Limited. "It would be an important acquisition for our Company as it would increase our resource base as well as provide additional access to the same ore body as our current project. Colombia Goldfields remains committed to the exploration and development of a new gold district surrounding the Marmato Mountain."
About Colombia Goldfields
VOYT Voyant and Wysiwyg Partner to Drive Digital Content Delivery Business
Voyant and Wysiwyg Partner to Drive Digital Content Delivery BusinessMarket Wire "US Press Releases "
PALO ALTO, CA and LONDON -- (MARKET WIRE) -- 11/20/07 -- Voyant International Corporation (OTCBB: VOYT), a diversified media and technology holding company dedicated to improving the quality of the digital world for both businesses and consumers, and Wysiwyg Distribution, Ltd., a leading provider of digital distribution services for broadcast quality media content, announced today that they have signed partnership agreements intended to increase the content library of Wysiwyg and the entertainment industry market reach of Voyant's RocketStream, Inc. subsidiary.
Under the agreement terms, Voyant Productions, a business unit of Voyant International, will take an active role in aggregating high-quality motion-picture content into Wysiwyg's digital services business. This business provides original content producers with a turn-key path to the digital marketplace. Content producers supply their content, and Wysiwyg provides the technology and resources for monetization. Wysiwyg increases the efficiency of legacy distribution processes, provides original services and creates multiple revenue streams by monetizing every aspect of the content creation and delivery process.
Furthermore, Wysiwyg will also take an active role in promoting the RocketStream(TM) data transfer acceleration software suite to its entertainment-industry customers. RocketStream's fast, reliable, secure, and seamless solutions can provide more than 100x acceleration over traditional file transfer methods like FTP at a fraction of the price of competing hardware-based solutions. RocketStream's Window-compatible software has been available since March 2007, and a Macintosh-compatible version is currently being released to over one hundred beta registrants.
"We were among the first beta testers of RocketStream's new Macintosh-compatible release, and the speed is fantastic," said Tom Swanston, CEO of Wysiwyg. "In our discussions with the Voyant management team, we found many synergies between Voyant Productions, Wysiwyg, and RocketStream that we are now only beginning to leverage."
"Wysiwyg is a visionary company focused on providing value to their customers in a simple and compelling manner," said Mark Laisure, chairman of the board for Voyant and head of Voyant Productions. "This business fits with our vision of streamlining and enhancing the digital world, from content production all the way to the consumer. We look forward to a long and mutually beneficial relationship."
Together the two businesses intend to revolutionize the content creation and distribution process, allowing fast, economic, digital delivery of content without the need to ship any physical materials in the form of DVDs, hard drives, tapes or even film reels.
About Voyant
Voyant is a media and technology holding company focused on bringing innovative technologies, media assets, and strategic partnerships together to deliver next-generation commercial and consumer solutions to empower, enhance, and enrich our digital world. The company works with strategic partners in the technology and entertainment sectors to locate, partner with, and acquire complementary technologies and media assets that position the company in the value chain from content creation to direct distribution to the consumer. More information can be found at www.voyant.net. To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, news alerts and other pertinent information, please register at www.voyant.net/investorpass.
About Wysiwyg
Wysiwyg facilitates the film and television industry's transition to full digital media production and distribution by providing necessary services and technology to the entire supply chain. Wysiwyg is a full-service B2B and B2C digital video distribution business, providing encoding, transcoding, distribution, tagging, search and delivery. The company is a service specialist for narrative content -- film, documentary and TV -- in the rapidly expanding global independent video production industry, providing content to audiences around the world. More information can be found at www.wysiwygfilms.com
Safe Harbor
This news release contains forward-looking statements, including but not limited to, those that refer to the companies' future development plans or operating results. Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services; lack of market acceptance of products, services and technologies; inadequate capital; adverse government regulations; competition; breach of contract; failure to secure mutual corporate cooperation; inability to earn revenue or profits; dependence on and retention of key individuals; legal action barring our employment of key individuals; inability to obtain or protect intellectual property rights; lower sales and higher operating costs than expected; technological obsolescence of the companies' products; limited operating history and risks inherent in the company's markets and business and other factors discussed on our website on the "Investors" page, in our most recent Annual Report on Form 10-KSB and our Quarterly Reports on Form 10-QSB filed with the SEC. Investors are advised to read our Annual Report, quarterly reports and current reports on Form 8-K filed after our most recent annual or quarterly report. The forward-looking statements in this press release represent our current views as of the dates of individual pages and we disclaim any obligation to update these forward-looking statements. Voyant Media and Investor Contacts:
Sean Collins
CCG Investor Relations
310-477-9800, ext. 202
Sean.Collins@ccgir.com
Howard Gostfrand
American Capital Ventures
305-918-7000
info@amcapventures.com
Wysiwyg Media and Investor Contact:
Hall Risk
Cinemedia Capital, LLC
702-430-7773
hrisk@cinemediacapital.com
PALO ALTO, CA and LONDON -- (MARKET WIRE) -- 11/20/07 -- Voyant International Corporation (OTCBB: VOYT), a diversified media and technology holding company dedicated to improving the quality of the digital world for both businesses and consumers, and Wysiwyg Distribution, Ltd., a leading provider of digital distribution services for broadcast quality media content, announced today that they have signed partnership agreements intended to increase the content library of Wysiwyg and the entertainment industry market reach of Voyant's RocketStream, Inc. subsidiary.
Under the agreement terms, Voyant Productions, a business unit of Voyant International, will take an active role in aggregating high-quality motion-picture content into Wysiwyg's digital services business. This business provides original content producers with a turn-key path to the digital marketplace. Content producers supply their content, and Wysiwyg provides the technology and resources for monetization. Wysiwyg increases the efficiency of legacy distribution processes, provides original services and creates multiple revenue streams by monetizing every aspect of the content creation and delivery process.
Furthermore, Wysiwyg will also take an active role in promoting the RocketStream(TM) data transfer acceleration software suite to its entertainment-industry customers. RocketStream's fast, reliable, secure, and seamless solutions can provide more than 100x acceleration over traditional file transfer methods like FTP at a fraction of the price of competing hardware-based solutions. RocketStream's Window-compatible software has been available since March 2007, and a Macintosh-compatible version is currently being released to over one hundred beta registrants.
"We were among the first beta testers of RocketStream's new Macintosh-compatible release, and the speed is fantastic," said Tom Swanston, CEO of Wysiwyg. "In our discussions with the Voyant management team, we found many synergies between Voyant Productions, Wysiwyg, and RocketStream that we are now only beginning to leverage."
"Wysiwyg is a visionary company focused on providing value to their customers in a simple and compelling manner," said Mark Laisure, chairman of the board for Voyant and head of Voyant Productions. "This business fits with our vision of streamlining and enhancing the digital world, from content production all the way to the consumer. We look forward to a long and mutually beneficial relationship."
Together the two businesses intend to revolutionize the content creation and distribution process, allowing fast, economic, digital delivery of content without the need to ship any physical materials in the form of DVDs, hard drives, tapes or even film reels.
About Voyant
Voyant is a media and technology holding company focused on bringing innovative technologies, media assets, and strategic partnerships together to deliver next-generation commercial and consumer solutions to empower, enhance, and enrich our digital world. The company works with strategic partners in the technology and entertainment sectors to locate, partner with, and acquire complementary technologies and media assets that position the company in the value chain from content creation to direct distribution to the consumer. More information can be found at www.voyant.net. To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, news alerts and other pertinent information, please register at www.voyant.net/investorpass.
About Wysiwyg
Wysiwyg facilitates the film and television industry's transition to full digital media production and distribution by providing necessary services and technology to the entire supply chain. Wysiwyg is a full-service B2B and B2C digital video distribution business, providing encoding, transcoding, distribution, tagging, search and delivery. The company is a service specialist for narrative content -- film, documentary and TV -- in the rapidly expanding global independent video production industry, providing content to audiences around the world. More information can be found at www.wysiwygfilms.com
Safe Harbor
This news release contains forward-looking statements, including but not limited to, those that refer to the companies' future development plans or operating results. Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services; lack of market acceptance of products, services and technologies; inadequate capital; adverse government regulations; competition; breach of contract; failure to secure mutual corporate cooperation; inability to earn revenue or profits; dependence on and retention of key individuals; legal action barring our employment of key individuals; inability to obtain or protect intellectual property rights; lower sales and higher operating costs than expected; technological obsolescence of the companies' products; limited operating history and risks inherent in the company's markets and business and other factors discussed on our website on the "Investors" page, in our most recent Annual Report on Form 10-KSB and our Quarterly Reports on Form 10-QSB filed with the SEC. Investors are advised to read our Annual Report, quarterly reports and current reports on Form 8-K filed after our most recent annual or quarterly report. The forward-looking statements in this press release represent our current views as of the dates of individual pages and we disclaim any obligation to update these forward-looking statements. Voyant Media and Investor Contacts:
Sean Collins
CCG Investor Relations
310-477-9800, ext. 202
Sean.Collins@ccgir.com
Howard Gostfrand
American Capital Ventures
305-918-7000
info@amcapventures.com
Wysiwyg Media and Investor Contact:
Hall Risk
Cinemedia Capital, LLC
702-430-7773
hrisk@cinemediacapital.com
LWLL inkwell Corporation Announces Record Sales and Earnings for the Third Quarter of 2007
inkwell Corporation Announces Record Sales and Earnings for the Third Quarter of 2007PR Newswire "US Press Releases "
SHANGHAI, China, Nov. 20 /Xinhua-PRNewswire-FirstCall/ -- Linkwell Corporation (OTC Bulletin Board: LWLL), a leading developer, manufacturer and distributor of healthcare related disinfectants in China, today announced its financial results for the third quarter ended September 30, 2007.
The Company recorded revenues of approximately $3.37 million for the third quarter of 2007; a 77% increase from $1.90 million recorded for the third quarter of 2006. The income from operations is $10,650 for the third quarter of 2007, Net income decreased to a loss of $82,331 for the third quarter of 2007, compared to net profit of $332,520 for the third quarter of 2006. The shareholders equity increased to approximately $5.9 million.
For more details about Linkwell's financial performance, please review the 10-QSB filed with the United States Securities and Exchange Commission. Linkwell's Chief Operation Officer, Mr. Huang ChunMing, stated, "We are pleased with our operating performance in the third quarter of 2007 and we are moving ahead according to our plan."
"The reason why our income from operations and net income decreased is that we continually strengthen market position through accelerated development and promotion. For the nine months ended September 30, 2007, the selling expenses of our company increased approximately 135% compared to the same period of 2006."
"We expensed the remaining part of the deferred consulting fee for China Direct Investment, Inc., nearly $352,500 in this quarter, due to the termination of the service contract. The consulting fee was to be amortized over three years until the end of 2009."
"We believe that we can gain from these early stage investments. Meanwhile, we will continue to work hard to maximize our shareholders' value."
About Linkwell Corporation
Linkwell Corporation develops, manufactures, and distributes disinfectant healthcare products in China through its subsidiary Shanghai Likang Disinfectant High Tech Company ('Likang'). Linkwell's disinfectant healthcare products are a nationally recognized domestic Chinese brand in this market segment. Linkwell products include disinfectants in liquid, tablet, powder and aerosol form. Through Likang, Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special m
SHANGHAI, China, Nov. 20 /Xinhua-PRNewswire-FirstCall/ -- Linkwell Corporation (OTC Bulletin Board: LWLL), a leading developer, manufacturer and distributor of healthcare related disinfectants in China, today announced its financial results for the third quarter ended September 30, 2007.
The Company recorded revenues of approximately $3.37 million for the third quarter of 2007; a 77% increase from $1.90 million recorded for the third quarter of 2006. The income from operations is $10,650 for the third quarter of 2007, Net income decreased to a loss of $82,331 for the third quarter of 2007, compared to net profit of $332,520 for the third quarter of 2006. The shareholders equity increased to approximately $5.9 million.
For more details about Linkwell's financial performance, please review the 10-QSB filed with the United States Securities and Exchange Commission. Linkwell's Chief Operation Officer, Mr. Huang ChunMing, stated, "We are pleased with our operating performance in the third quarter of 2007 and we are moving ahead according to our plan."
"The reason why our income from operations and net income decreased is that we continually strengthen market position through accelerated development and promotion. For the nine months ended September 30, 2007, the selling expenses of our company increased approximately 135% compared to the same period of 2006."
"We expensed the remaining part of the deferred consulting fee for China Direct Investment, Inc., nearly $352,500 in this quarter, due to the termination of the service contract. The consulting fee was to be amortized over three years until the end of 2009."
"We believe that we can gain from these early stage investments. Meanwhile, we will continue to work hard to maximize our shareholders' value."
About Linkwell Corporation
Linkwell Corporation develops, manufactures, and distributes disinfectant healthcare products in China through its subsidiary Shanghai Likang Disinfectant High Tech Company ('Likang'). Linkwell's disinfectant healthcare products are a nationally recognized domestic Chinese brand in this market segment. Linkwell products include disinfectants in liquid, tablet, powder and aerosol form. Through Likang, Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special m
EYTL Energy Telecom, Inc.'s Technology Partner, BITwave PTE., LTD., Announces World's Smallest Virtual Microphone Array for Superior Noise and Acoust
Energy Telecom, Inc.'s Technology Partner, BITwave PTE., LTD., Announces World's Smallest Virtual Microphone Array for Superior Noise and Acoustic Echo CancellationPrimeNewswire "PrimeNewswire "
MIAMI BEACH, Fla. and SINGAPORE, Nov. 20, 2007 (PRIME NEWSWIRE) -- Energy Telecom, Inc. (Pink Sheets:EYTL) (www.energytele.com) announced today that its technology partner in Singapore, BITwave Private Limited, has launched a new `Virtual Microphone Array' technology.
This new invention presents a wide range of speech input system applications for devices such as personal mobile systems (3G phone, PDA phone and tablets), safety and military helmets, and Energy's communication eyewear for industrial and recreational markets. BITwave continues to demonstrate its commitment to developing superior audio input technology for the world's civilian and military markets; technology and products that save lives, and, add value to wearers' every-day living standards.
Mr. S.K. Hui, president and CEO of BITwave, said: "I believe that mobile consumers not only need a smooth transition from home to vehicle, to office, and anywhere in between, but to communicate safely as well. An integral part of our plan is to apply cutting edge technology in military audio capturing and noise cancellation, with affordable Bluetooth technology for consumer use. BITwave is committed to strengthening its consumer portfolio, using a `Tactical to Practical' approach that will position BITwave as the leading provider of the next generation of speech input communication."
Mr. Tom Rickards, president of Energy Telecom, Inc., stated: "Energy Telecom is pleased and privileged to incorporate BITwave's new and superior noise and echo reduction technology in our family of wireless communication eyewear products. BITwave's innovation, along with our product's noise attenuating earpieces, will provide wearers with a whole new level of comfort, quality-of-listening, and safety."
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements. CONTACT: Energy Telecom, Inc.
Tom Rickards
305.865.9885
corporate@energytele.com
BITwave PTE., LTD.
S.K. Hui
(65) 6484 3497
huisk@bitwave.com.sg
MIAMI BEACH, Fla. and SINGAPORE, Nov. 20, 2007 (PRIME NEWSWIRE) -- Energy Telecom, Inc. (Pink Sheets:EYTL) (www.energytele.com) announced today that its technology partner in Singapore, BITwave Private Limited, has launched a new `Virtual Microphone Array' technology.
This new invention presents a wide range of speech input system applications for devices such as personal mobile systems (3G phone, PDA phone and tablets), safety and military helmets, and Energy's communication eyewear for industrial and recreational markets. BITwave continues to demonstrate its commitment to developing superior audio input technology for the world's civilian and military markets; technology and products that save lives, and, add value to wearers' every-day living standards.
Mr. S.K. Hui, president and CEO of BITwave, said: "I believe that mobile consumers not only need a smooth transition from home to vehicle, to office, and anywhere in between, but to communicate safely as well. An integral part of our plan is to apply cutting edge technology in military audio capturing and noise cancellation, with affordable Bluetooth technology for consumer use. BITwave is committed to strengthening its consumer portfolio, using a `Tactical to Practical' approach that will position BITwave as the leading provider of the next generation of speech input communication."
Mr. Tom Rickards, president of Energy Telecom, Inc., stated: "Energy Telecom is pleased and privileged to incorporate BITwave's new and superior noise and echo reduction technology in our family of wireless communication eyewear products. BITwave's innovation, along with our product's noise attenuating earpieces, will provide wearers with a whole new level of comfort, quality-of-listening, and safety."
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements. CONTACT: Energy Telecom, Inc.
Tom Rickards
305.865.9885
corporate@energytele.com
BITwave PTE., LTD.
S.K. Hui
(65) 6484 3497
huisk@bitwave.com.sg
AMRM Amarin Reports Third Quarter 2007 Financial Results
Amarin Reports Third Quarter 2007 Financial ResultsPR Newswire "US Press Releases "
LONDON, November 20 /PRNewswire-FirstCall/ -- Amarin Corporation plc (NASDAQ: AMRN) ("Amarin" or "Company") today reported financial results for the third quarter ended September 30, 2007 and an update on its development pipeline.
For the third quarter of 2007, Amarin reported a net loss of $5.9 million, or $0.06 per share, compared with a net loss of $6.6 million, or $0.08 per share, in the third quarter of 2006. The decrease for the third quarter from the comparative period of 2006 is primarily due to the completion of the Phase III trials with Miraxion earlier this year.
For the nine months ended September 30, 2007, Amarin reported a net loss of $30.3 million or $0.32 per share, compared with a net loss of $21.7 million or $0.27 per share for the nine months ended September 30, 2006. The increase in the loss for the nine months compared to the comparative period in 2006 is primarily due to the previously announced write off of the Miraxion intangible asset of $8.8 million in the second quarter of 2007. Figures for the comparative periods have been restated to International Financial Reporting Standards ("IFRS"). For further information with respect to the application of IFRS to our accounts, please refer to our IFRS transition document available on our website and furnished to the SEC on Form 6-K.
Rick Stewart, chief executive officer of Amarin, commented, "The third quarter was extremely productive with the primary focus on clinical development activities. We are now planning up to five Phase II clinical trials from our high value neuroscience and cardiovascular programs over the next twelve months, with two to start imminently. In addition, two key value drivers are the initiation of our cardiovascular strategy and the announcement yesterday of the FDA response to the comprehensive analysis of the longer term data from the Huntington's disease Phase III trials."
Pipeline Update
LONDON, November 20 /PRNewswire-FirstCall/ -- Amarin Corporation plc (NASDAQ: AMRN) ("Amarin" or "Company") today reported financial results for the third quarter ended September 30, 2007 and an update on its development pipeline.
For the third quarter of 2007, Amarin reported a net loss of $5.9 million, or $0.06 per share, compared with a net loss of $6.6 million, or $0.08 per share, in the third quarter of 2006. The decrease for the third quarter from the comparative period of 2006 is primarily due to the completion of the Phase III trials with Miraxion earlier this year.
For the nine months ended September 30, 2007, Amarin reported a net loss of $30.3 million or $0.32 per share, compared with a net loss of $21.7 million or $0.27 per share for the nine months ended September 30, 2006. The increase in the loss for the nine months compared to the comparative period in 2006 is primarily due to the previously announced write off of the Miraxion intangible asset of $8.8 million in the second quarter of 2007. Figures for the comparative periods have been restated to International Financial Reporting Standards ("IFRS"). For further information with respect to the application of IFRS to our accounts, please refer to our IFRS transition document available on our website and furnished to the SEC on Form 6-K.
Rick Stewart, chief executive officer of Amarin, commented, "The third quarter was extremely productive with the primary focus on clinical development activities. We are now planning up to five Phase II clinical trials from our high value neuroscience and cardiovascular programs over the next twelve months, with two to start imminently. In addition, two key value drivers are the initiation of our cardiovascular strategy and the announcement yesterday of the FDA response to the comprehensive analysis of the longer term data from the Huntington's disease Phase III trials."
Pipeline Update
AVUG OncoVista, Inc. Merges with Aviation Upgrade Technologies
OncoVista, Inc. Merges with Aviation Upgrade TechnologiesBusiness Wire "US Press Releases "
SAN ANTONIO--(BUSINESS WIRE)--
OncoVista, Inc., a biopharmaceutical company dedicated to development of innovative, safe and efficacious treatments for cancer, today announced that it has merged with Aviation Upgrade Technologies. As a result, OncoVista's stock, for now, trades on the OTC Bulletin Board under the symbol AVUG.
On October 26, 2007, Aviation Upgrade Technologies (AVUG), which ceased all previous business operations on August 16, 2007, entered into an Agreement and Plan of Merger with OncoVista Acquisition Corp., a wholly owned subsidiary of OncoVista, Inc. On November 13, OncoVista Acquisition merged with and into a newly-formed, wholly-owned subsidiary of AVUG, and OncoVista is the surviving corporation. As a result of the merger, OncoVista, Inc. became the wholly-owned subsidiary of AVUG, and OncoVista's existing business operations became AVUG's sole line of business. The reverse merger is being accounted for as a recapitalization.
Alexander L. Weis, CEO of OncoVista, said, "We are very pleased to have completed this transaction, which makes OncoVista a public company engaged in bringing innovative cancer treatments to patients. We intend to develop treatments that increase patient survival rates and enhance patient quality of life due to their lower toxicity and/or greater efficacy. By commercializing our novel therapeutics, we plan to address a significant share of the market for cancer therapeutics in the US and the rest of the world."
Currently, OncoVista has a product pipeline comprised of Phase I and Phase II clinical-stage compounds, preclinical drug candidates and leads, and diagnostic kits marketed in Europe for the detection of circulating tumor cells (CTCs) in breast and colon cancer patients. The kits are manufactured by AdnaGen AG, in which OncoVista holds a 51% stake, and marketed through an agreement with Innogenetics. OncoVista is working with AdnaGen to secure approval to market the kits in the US.
OncoVista's lead product candidate is Cordycepin (OVI-123), which is in Phase I/II clinical trials for refractory leukemia patients who express the enzyme terminal deoxynucleotidyl transferase (TdT). The FDA has granted Orphan Drug designation to OncoVista for Cordycepin, giving the Company seven years of market exclusivity once the drug is approved for marketing. It is anticipated that the Company will enroll the first patient on trial in the first quarter of 2008.
The Company's lead drug candidate from the L-nucleoside conjugate program (OVI-117) is currently in GLP animal drug safety studies. Upon completion of the studies, OncoVista will compile and submit an Investigational New Drug (IND) application to the FDA in order to start Phase I clinical trials in humans.
In addition to conducting clinical trials, the Company intends to perform pre-clinical studies to increase its understanding of the mechanism of action of its products in cancer. It will also investigate and develop alternative delivery systems and determine the optimal dosage for different patient groups. The Company will also demonstrate proof of concept in animal models of human cancers and develop biomarker panels that will facilitate the development of its therapeutic products.
About OncoVista, Inc.
OncoVista is a biopharmaceutical company engaged in the development and rapid commercialization of innovative targeted therapies for safe and efficacious treatment of cancer. For more information, please visit http://www.oncovista.com
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Source: OncoVista, Inc.
SAN ANTONIO--(BUSINESS WIRE)--
OncoVista, Inc., a biopharmaceutical company dedicated to development of innovative, safe and efficacious treatments for cancer, today announced that it has merged with Aviation Upgrade Technologies. As a result, OncoVista's stock, for now, trades on the OTC Bulletin Board under the symbol AVUG.
On October 26, 2007, Aviation Upgrade Technologies (AVUG), which ceased all previous business operations on August 16, 2007, entered into an Agreement and Plan of Merger with OncoVista Acquisition Corp., a wholly owned subsidiary of OncoVista, Inc. On November 13, OncoVista Acquisition merged with and into a newly-formed, wholly-owned subsidiary of AVUG, and OncoVista is the surviving corporation. As a result of the merger, OncoVista, Inc. became the wholly-owned subsidiary of AVUG, and OncoVista's existing business operations became AVUG's sole line of business. The reverse merger is being accounted for as a recapitalization.
Alexander L. Weis, CEO of OncoVista, said, "We are very pleased to have completed this transaction, which makes OncoVista a public company engaged in bringing innovative cancer treatments to patients. We intend to develop treatments that increase patient survival rates and enhance patient quality of life due to their lower toxicity and/or greater efficacy. By commercializing our novel therapeutics, we plan to address a significant share of the market for cancer therapeutics in the US and the rest of the world."
Currently, OncoVista has a product pipeline comprised of Phase I and Phase II clinical-stage compounds, preclinical drug candidates and leads, and diagnostic kits marketed in Europe for the detection of circulating tumor cells (CTCs) in breast and colon cancer patients. The kits are manufactured by AdnaGen AG, in which OncoVista holds a 51% stake, and marketed through an agreement with Innogenetics. OncoVista is working with AdnaGen to secure approval to market the kits in the US.
OncoVista's lead product candidate is Cordycepin (OVI-123), which is in Phase I/II clinical trials for refractory leukemia patients who express the enzyme terminal deoxynucleotidyl transferase (TdT). The FDA has granted Orphan Drug designation to OncoVista for Cordycepin, giving the Company seven years of market exclusivity once the drug is approved for marketing. It is anticipated that the Company will enroll the first patient on trial in the first quarter of 2008.
The Company's lead drug candidate from the L-nucleoside conjugate program (OVI-117) is currently in GLP animal drug safety studies. Upon completion of the studies, OncoVista will compile and submit an Investigational New Drug (IND) application to the FDA in order to start Phase I clinical trials in humans.
In addition to conducting clinical trials, the Company intends to perform pre-clinical studies to increase its understanding of the mechanism of action of its products in cancer. It will also investigate and develop alternative delivery systems and determine the optimal dosage for different patient groups. The Company will also demonstrate proof of concept in animal models of human cancers and develop biomarker panels that will facilitate the development of its therapeutic products.
About OncoVista, Inc.
OncoVista is a biopharmaceutical company engaged in the development and rapid commercialization of innovative targeted therapies for safe and efficacious treatment of cancer. For more information, please visit http://www.oncovista.com
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Source: OncoVista, Inc.
Monday, November 19, 2007
EGHT 8x8, Inc. Launches Packet8 MobileTalk(TM) International Calling Service for Mobile Phone Users
8x8, Inc. Launches Packet8 MobileTalk(TM) International Calling Service for Mobile Phone UsersPR Newswire "US Press Releases "
SANTA CLARA, Calif., Nov. 19 /PRNewswire-FirstCall/ -- 8x8, Inc. (Nasdaq: EGHT), provider of Packet8 (http://www.packet8.net) broadband Voice over Internet Protocol (VoIP), videophone and mobile VoIP communication services, today announced the launch of Packet8 MobileTalk(TM), an easy to use mobile calling service that offers a simple, affordable and high quality digital voice solution to overseas calling.
Packet8 MobileTalk utilizes a downloadable software application that can currently reside on any Windows, Palm or Symbian based mobile phone to seamlessly connect international calls from the mobile phone to the Packet8 digital VoIP network. Routing these calls over the Packet8 network enables cell phone users to significantly reduce their international phone bills and maintain high international voice quality while still enjoying the convenience and flexibility of mobile calling.
"Packet8 MobileTalk is a breakthrough application that dramatically improves the international mobile calling experience from start to finish," said 8x8 Chairman and CEO Bryan R. Martin. "Most mobile phone users typically avoid placing overseas calls from their cell phones because of the exorbitant rates their mobile carriers are charging. With Packet8 MobileTalk, subscribers won't think twice about calling Europe or Asia because instead of $1.00 to $3.00 per minute, they will be paying as little as $.02 to $.05 per minute over the Packet8 network to most destinations. With more than 340 mobile phones from any cell phone carrier currently supported, the Packet8 MobileTalk service is a vital tool for mobile business professionals and consumers."
Unlike calling card, callback and other reduced-rate international mobile calling services, which require the user to dial numerous key strokes in addition to their destination number or make their calls through cumbersome software applications, Packet8 MobileTalk users can dial calls directly and natively from their mobile handset, contact list or speed dial directory with no additional keystrokes - a significant advantage when, for example, placing a call while driving. Once the destination number is dialed or selected, the Packet8 MobileTalk software application identifies the international prefix being called and redirects the call to a local Packet8 network access number. With Packet8 MobileTalk, all calls are carried to the Packet8 network over the subscriber's existing cellular voice phone service and do not require access to an expensive monthly data plan or WiFi access point. Packet8 MobileTalk calls offer unparalleled voice quality as the calls are routed over the award- winning, patent-protected Packet8 digital phone VoIP network.
Customers can sign up for a Packet8 MobileTalk account today at http://mobiletalk.packet8.net and download the application to their mobile device from a PC or, if the customer's existing mobile service plan includes data service, via a quick over-the-air software download.
Customers do not have to subscribe to other Packet8 VoIP or videophone services in order to sign up for Packet8 MobileTalk, though discounted service fees are offered to existing Packet8 VoIP or MobileTalk subscribers. There is a one-time $9.99 activation fee for the service and a monthly fee of $9.99 for non-Packet 8 subscribers. Existing Packet8 VoIP subscribers, including subscribers with one Packet8 MobileTalk account, pay a monthly service fee of $4.99. Packet8 MobileTalk overseas calls are billed at Packet8's low international rates which can be found at http://www.packet8.net/international_services/. To view a demo of Packet8 MobileTalk go to http://mobiletalk.packet8.net/demo.html.
About 8x8, Inc.
8x8, Inc., the second largest standalone VoIP service provider in the U.S., offers internet-based telephony solutions (http://www.packet8.net) for individual residential and business users as well as small to medium sized business organizations. In addition to regular Packet8 VoIP service plans priced as low as $24.99 per month for unlimited anytime calling to the U.S., Canada and eight additional countries, 8x8 offers the Packet8 Tango Video Terminal Adapter along with accompanying monthly service plans also priced at $24.99 per month. Packet8 Virtual Office, 8x8's VoIP phone system for small to medium sized businesses, is a hosted PBX solution comprised of powerful business class features. Companies subscribing to Virtual Office pay just $49.99 per month per extension for enterprise class PBX functionality along with unlimited local and long distance calling in the U.S. and Canada. The Packet8 Complete Contact Center(TM) is a hosted multimedia call center distribution and management platform that works with any broadband Internet service and provides enterprise class contact center functionality combined with Virtual Office hosted iPBX calling features and business calling plans. Packet8 Softalk Office(TM), 8x8's PC-based soft phone client, offers high quality voice and video in-network calling as well as outbound calling to the PSTN. Packet8 MobileTalk(TM) is a breakthrough mobile service that dramatically improves the overall mobile international calling experience by routing overseas mobile phone calls over the award-winning, patent-protected Packet8 digital VoIP network. For additional company information, visit 8x8's web site at http://www.8x8.com.
NOTE: 8x8, the 8x8 logo, Packet8, the Packet8 logo, Packet8 Virtual Office, Packet8 Softalk, Packet8 Tango and Packet8 MobileTalk are trademarks of 8x8, Inc. All other trademarks are the property of their respective owners.
SOURCE 8x8, Inc.
SANTA CLARA, Calif., Nov. 19 /PRNewswire-FirstCall/ -- 8x8, Inc. (Nasdaq: EGHT), provider of Packet8 (http://www.packet8.net) broadband Voice over Internet Protocol (VoIP), videophone and mobile VoIP communication services, today announced the launch of Packet8 MobileTalk(TM), an easy to use mobile calling service that offers a simple, affordable and high quality digital voice solution to overseas calling.
Packet8 MobileTalk utilizes a downloadable software application that can currently reside on any Windows, Palm or Symbian based mobile phone to seamlessly connect international calls from the mobile phone to the Packet8 digital VoIP network. Routing these calls over the Packet8 network enables cell phone users to significantly reduce their international phone bills and maintain high international voice quality while still enjoying the convenience and flexibility of mobile calling.
"Packet8 MobileTalk is a breakthrough application that dramatically improves the international mobile calling experience from start to finish," said 8x8 Chairman and CEO Bryan R. Martin. "Most mobile phone users typically avoid placing overseas calls from their cell phones because of the exorbitant rates their mobile carriers are charging. With Packet8 MobileTalk, subscribers won't think twice about calling Europe or Asia because instead of $1.00 to $3.00 per minute, they will be paying as little as $.02 to $.05 per minute over the Packet8 network to most destinations. With more than 340 mobile phones from any cell phone carrier currently supported, the Packet8 MobileTalk service is a vital tool for mobile business professionals and consumers."
Unlike calling card, callback and other reduced-rate international mobile calling services, which require the user to dial numerous key strokes in addition to their destination number or make their calls through cumbersome software applications, Packet8 MobileTalk users can dial calls directly and natively from their mobile handset, contact list or speed dial directory with no additional keystrokes - a significant advantage when, for example, placing a call while driving. Once the destination number is dialed or selected, the Packet8 MobileTalk software application identifies the international prefix being called and redirects the call to a local Packet8 network access number. With Packet8 MobileTalk, all calls are carried to the Packet8 network over the subscriber's existing cellular voice phone service and do not require access to an expensive monthly data plan or WiFi access point. Packet8 MobileTalk calls offer unparalleled voice quality as the calls are routed over the award- winning, patent-protected Packet8 digital phone VoIP network.
Customers can sign up for a Packet8 MobileTalk account today at http://mobiletalk.packet8.net and download the application to their mobile device from a PC or, if the customer's existing mobile service plan includes data service, via a quick over-the-air software download.
Customers do not have to subscribe to other Packet8 VoIP or videophone services in order to sign up for Packet8 MobileTalk, though discounted service fees are offered to existing Packet8 VoIP or MobileTalk subscribers. There is a one-time $9.99 activation fee for the service and a monthly fee of $9.99 for non-Packet 8 subscribers. Existing Packet8 VoIP subscribers, including subscribers with one Packet8 MobileTalk account, pay a monthly service fee of $4.99. Packet8 MobileTalk overseas calls are billed at Packet8's low international rates which can be found at http://www.packet8.net/international_services/. To view a demo of Packet8 MobileTalk go to http://mobiletalk.packet8.net/demo.html.
About 8x8, Inc.
8x8, Inc., the second largest standalone VoIP service provider in the U.S., offers internet-based telephony solutions (http://www.packet8.net) for individual residential and business users as well as small to medium sized business organizations. In addition to regular Packet8 VoIP service plans priced as low as $24.99 per month for unlimited anytime calling to the U.S., Canada and eight additional countries, 8x8 offers the Packet8 Tango Video Terminal Adapter along with accompanying monthly service plans also priced at $24.99 per month. Packet8 Virtual Office, 8x8's VoIP phone system for small to medium sized businesses, is a hosted PBX solution comprised of powerful business class features. Companies subscribing to Virtual Office pay just $49.99 per month per extension for enterprise class PBX functionality along with unlimited local and long distance calling in the U.S. and Canada. The Packet8 Complete Contact Center(TM) is a hosted multimedia call center distribution and management platform that works with any broadband Internet service and provides enterprise class contact center functionality combined with Virtual Office hosted iPBX calling features and business calling plans. Packet8 Softalk Office(TM), 8x8's PC-based soft phone client, offers high quality voice and video in-network calling as well as outbound calling to the PSTN. Packet8 MobileTalk(TM) is a breakthrough mobile service that dramatically improves the overall mobile international calling experience by routing overseas mobile phone calls over the award-winning, patent-protected Packet8 digital VoIP network. For additional company information, visit 8x8's web site at http://www.8x8.com.
NOTE: 8x8, the 8x8 logo, Packet8, the Packet8 logo, Packet8 Virtual Office, Packet8 Softalk, Packet8 Tango and Packet8 MobileTalk are trademarks of 8x8, Inc. All other trademarks are the property of their respective owners.
SOURCE 8x8, Inc.
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