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
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
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 Barrière 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 Barrière 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. Barrière'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 Grèves 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. Barrière 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. Barrière intends to continue growing this particular segment of the corporation via his charitable involvements, and now in Florida's community programs.
Allain Barrière 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 Barrière 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 Barrière 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 Barrière 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. Barrière'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 Grèves 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. Barrière 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. Barrière intends to continue growing this particular segment of the corporation via his charitable involvements, and now in Florida's community programs.
Allain Barrière 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 Barrière 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.
FCMC Marshall & Ilsley Corporation Details Relationship With Franklin Credit Management
Marshall & Ilsley Corporation Details Relationship With Franklin Credit ManagementPR Newswire "US Press Releases "
MILWAUKEE, Nov. 19 /PRNewswire-FirstCall/ -- As a result of recent announcements by Franklin Credit Management Corporation (Nasdaq: FCMC) (Franklin) and Huntington Bancshares Incorporated (Nasdaq: HBAN) regarding the deterioration in Franklin's mortgage portfolio, Marshall & Ilsley Corporation (NYSE: MI) (M&I) has undertaken and is continuing a review of M&I's credit relationship with Franklin. At October 31, 2007, M&I's total credit exposure to Franklin and its wholly-owned subsidiary, Tribeca Lending Corp (Tribeca), was $282 million. All of M&I's loans to Franklin and Tribeca were current and performing as of October 31, 2007.
M&I's loans to Franklin and Tribeca are secured by pools of first and second priority residential mortgages. With regard to the underlying mortgage pools securing M&I's loans to Franklin, $97 million were originated prior to 2005 and are performing substantially within originally projected loss expectations. With regard to the underlying mortgage pools securing M&I's loans to Tribeca, all $62 million of such pools are performing within originally projected loss expectations. With respect to the remaining approximately $123 million in the underlying mortgage pools securing M&I's loans to Franklin, more than half of such amount is current and performing, and any losses imbedded in the remaining amount are not expected to be material to M&I's financial results.
"We have been in ongoing discussions with Franklin management, and we continue to monitor this credit closely," stated Mark Hogan, M&I's Chief Credit Officer. "As is consistent with our traditional credit discipline, we will evaluate known and probable loss exposures in this and our other consumer portfolios and will take actions as prudent and necessary."
Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services corporation headquartered in Milwaukee, Wis. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 49 locations throughout Arizona; 30 offices along Florida's west coast and in central Florida; 14 offices in Kansas City and nearby communities; 22 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; three offices in Tulsa, Okla.; and one office in Las Vegas, Nev. M&I's Southwest Bank subsidiary has 17 offices in the greater St. Louis area. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet (http://www.mibank.com or http://www.micorp.com). M&I's customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.
This press release contains forward-looking statements concerning M&I's future operations and financial results. Such statements are subject to important factors that could cause M&I's actual results to differ materially from those anticipated by the forward-looking statements. These factors include (i) the factors identified in M&I's Annual Report on Form 10-K for the year ended December 31, 2006 under the heading "Forward-Looking Statements" which factors are incorporated herein by reference, and (ii) such other factors as may be described from time to time in M&I's SEC filings.
SOURCE Marshall & Ilsley Corporation
MILWAUKEE, Nov. 19 /PRNewswire-FirstCall/ -- As a result of recent announcements by Franklin Credit Management Corporation (Nasdaq: FCMC) (Franklin) and Huntington Bancshares Incorporated (Nasdaq: HBAN) regarding the deterioration in Franklin's mortgage portfolio, Marshall & Ilsley Corporation (NYSE: MI) (M&I) has undertaken and is continuing a review of M&I's credit relationship with Franklin. At October 31, 2007, M&I's total credit exposure to Franklin and its wholly-owned subsidiary, Tribeca Lending Corp (Tribeca), was $282 million. All of M&I's loans to Franklin and Tribeca were current and performing as of October 31, 2007.
M&I's loans to Franklin and Tribeca are secured by pools of first and second priority residential mortgages. With regard to the underlying mortgage pools securing M&I's loans to Franklin, $97 million were originated prior to 2005 and are performing substantially within originally projected loss expectations. With regard to the underlying mortgage pools securing M&I's loans to Tribeca, all $62 million of such pools are performing within originally projected loss expectations. With respect to the remaining approximately $123 million in the underlying mortgage pools securing M&I's loans to Franklin, more than half of such amount is current and performing, and any losses imbedded in the remaining amount are not expected to be material to M&I's financial results.
"We have been in ongoing discussions with Franklin management, and we continue to monitor this credit closely," stated Mark Hogan, M&I's Chief Credit Officer. "As is consistent with our traditional credit discipline, we will evaluate known and probable loss exposures in this and our other consumer portfolios and will take actions as prudent and necessary."
Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services corporation headquartered in Milwaukee, Wis. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 49 locations throughout Arizona; 30 offices along Florida's west coast and in central Florida; 14 offices in Kansas City and nearby communities; 22 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.; three offices in Tulsa, Okla.; and one office in Las Vegas, Nev. M&I's Southwest Bank subsidiary has 17 offices in the greater St. Louis area. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet (http://www.mibank.com or http://www.micorp.com). M&I's customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.
This press release contains forward-looking statements concerning M&I's future operations and financial results. Such statements are subject to important factors that could cause M&I's actual results to differ materially from those anticipated by the forward-looking statements. These factors include (i) the factors identified in M&I's Annual Report on Form 10-K for the year ended December 31, 2006 under the heading "Forward-Looking Statements" which factors are incorporated herein by reference, and (ii) such other factors as may be described from time to time in M&I's SEC filings.
SOURCE Marshall & Ilsley Corporation
CDTR Cardtrend International, Inc. Continues Significant Revenue Growth
Cardtrend International, Inc. Continues Significant Revenue GrowthMarket Wire "US Press Releases "
HONG KONG -- (MARKET WIRE) -- 11/19/07 -- Cardtrend International Inc. ("Cardtrend") (PINKSHEETS: CDTR), today announced that it has filed its quarterly report (10QSB) for the quarter ended September 30, 2007.
Revenues reported for the quarter were $447,336 as compared with $12,911 for the same quarter in 2006. This brings revenues for the nine months ended Sept. 30, 2007 to $1,211,714 as compared with $60,429 for the same period in 2006. Also for the same nine-month period in 2007 Cardtrend reported a total gross profit of $390,914, as compared to $38,287 for the same period in 2006.
KK Ng, President & CEO of Cardtrend, commented, "Our third quarter 2007 results continue the upward trend in both revenue and gross profit that were established in the fourth quarter of 2006. We remain focused on advancing this positive trend through the fourth quarter of 2007. Our recently announced transactions relating to Global Uplink in Guangzhou, China will generate our initial revenues from the Chinese market in the fourth quarter, as well as increase our opportunities for future growth in China."
ABOUT CARDTREND INTERNATIONAL INC.
Cardtrend International Inc. ("Cardtrend") is a US public company with executive offices in Hong Kong. Its business activities are focused on the payments and loyalty-rewards industries in China and throughout Asia. Cardtrend's wholly-owned foreign enterprise in Shanghai serves as its business development vehicle in China and through other subsidiaries Cardtrend operates in multiple locations across Asia. In line with its long-term growth strategy, Cardtrend is organized into three synergistic business units: Cards Business, Prepaid Business and Processing Business. For more information please visit Cardtrend's corporate website (www.cardtrend.com). Cardtrend trades on the Pink Sheets (www.PinkSheets.com) under the stock symbol CDTR. Contact:
KK Ng
President & CEO
Cardtrend International Inc.
(866) 877-2729
Email Contact
HONG KONG -- (MARKET WIRE) -- 11/19/07 -- Cardtrend International Inc. ("Cardtrend") (PINKSHEETS: CDTR), today announced that it has filed its quarterly report (10QSB) for the quarter ended September 30, 2007.
Revenues reported for the quarter were $447,336 as compared with $12,911 for the same quarter in 2006. This brings revenues for the nine months ended Sept. 30, 2007 to $1,211,714 as compared with $60,429 for the same period in 2006. Also for the same nine-month period in 2007 Cardtrend reported a total gross profit of $390,914, as compared to $38,287 for the same period in 2006.
KK Ng, President & CEO of Cardtrend, commented, "Our third quarter 2007 results continue the upward trend in both revenue and gross profit that were established in the fourth quarter of 2006. We remain focused on advancing this positive trend through the fourth quarter of 2007. Our recently announced transactions relating to Global Uplink in Guangzhou, China will generate our initial revenues from the Chinese market in the fourth quarter, as well as increase our opportunities for future growth in China."
ABOUT CARDTREND INTERNATIONAL INC.
Cardtrend International Inc. ("Cardtrend") is a US public company with executive offices in Hong Kong. Its business activities are focused on the payments and loyalty-rewards industries in China and throughout Asia. Cardtrend's wholly-owned foreign enterprise in Shanghai serves as its business development vehicle in China and through other subsidiaries Cardtrend operates in multiple locations across Asia. In line with its long-term growth strategy, Cardtrend is organized into three synergistic business units: Cards Business, Prepaid Business and Processing Business. For more information please visit Cardtrend's corporate website (www.cardtrend.com). Cardtrend trades on the Pink Sheets (www.PinkSheets.com) under the stock symbol CDTR. Contact:
KK Ng
President & CEO
Cardtrend International Inc.
(866) 877-2729
Email Contact
BWNR Brownstone Announces Property Acquisition
Brownstone Announces Property AcquisitionMarket Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 11/19/07 -- Brownstone Resources Inc. (PINKSHEETS: BWNR), a junior mineral resource exploration and development company, announces that as part of the company's ongoing restructuring and building efforts, the company has entered into an LOI/option agreement to acquire a 50% interest in a group of prospective uranium mining claims. The 14 claims are located just outside of the town of Elliot Lake, in the Sault Ste Marie mining district of Northern Ontario, Canada.
The town of Elliot Lake and the surrounding areas are well known for hosting significant mineral deposits, and are home to several large scale mining operations for copper and uranium.
During the past few years the areas that surround Elliot Lake have been the focus of intense geophysical surveying programs conducted by the Canadian government's Ministry of Northern Development and Mines (report titled; "Recommendations for Mineral Exploration 2005-2006" MNDM) as well as countless independent follow up programs that have been conducted by several mid to large sized mining companies.
The purpose of the MNDM report was to provide a better understanding of the geological compositions of the area, to make recommendations, and to help "stimulate and facilitate mineral exploration and the sustainable development of Ontario's mineral resources" (MNDM 2005-2006 report).
The results and recommendations of the government survey has lead to increased prospecting and surveying, which has lead to an unprecedented amount of claims being staked in the area, in 2007.
"We are excited about the prospects of the Iron Bridge group of claims. The entire area, covering hundreds of square kilometers, has been teaming with mining activity; hopefully we can be part of the success stories still to be written. Our team is continuing to build a portfolio of promising exploration and development stage mineral resource properties, and the Iron Bridge claims fit right in with what we are doing. Ultimately we hope to provide our shareholders with the measured leverage and exposure that will enable them to benefit from the increases occurring in the price of gold and uranium. There's more to come from Brownstone...we are in negotiations with another great prospective gold mining property, here in Canada, so we hope to have something on that sooner rather than later," said company president Ken Lamb.
The company will make further announcements on acquisitions and developments of the properties, as the information becomes available.
Please visit the company website for more information:
www.brownstonerresources.com
Forward Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Brownstone Resources Inc.
(416) 214 7847
TORONTO -- (MARKET WIRE) -- 11/19/07 -- Brownstone Resources Inc. (PINKSHEETS: BWNR), a junior mineral resource exploration and development company, announces that as part of the company's ongoing restructuring and building efforts, the company has entered into an LOI/option agreement to acquire a 50% interest in a group of prospective uranium mining claims. The 14 claims are located just outside of the town of Elliot Lake, in the Sault Ste Marie mining district of Northern Ontario, Canada.
The town of Elliot Lake and the surrounding areas are well known for hosting significant mineral deposits, and are home to several large scale mining operations for copper and uranium.
During the past few years the areas that surround Elliot Lake have been the focus of intense geophysical surveying programs conducted by the Canadian government's Ministry of Northern Development and Mines (report titled; "Recommendations for Mineral Exploration 2005-2006" MNDM) as well as countless independent follow up programs that have been conducted by several mid to large sized mining companies.
The purpose of the MNDM report was to provide a better understanding of the geological compositions of the area, to make recommendations, and to help "stimulate and facilitate mineral exploration and the sustainable development of Ontario's mineral resources" (MNDM 2005-2006 report).
The results and recommendations of the government survey has lead to increased prospecting and surveying, which has lead to an unprecedented amount of claims being staked in the area, in 2007.
"We are excited about the prospects of the Iron Bridge group of claims. The entire area, covering hundreds of square kilometers, has been teaming with mining activity; hopefully we can be part of the success stories still to be written. Our team is continuing to build a portfolio of promising exploration and development stage mineral resource properties, and the Iron Bridge claims fit right in with what we are doing. Ultimately we hope to provide our shareholders with the measured leverage and exposure that will enable them to benefit from the increases occurring in the price of gold and uranium. There's more to come from Brownstone...we are in negotiations with another great prospective gold mining property, here in Canada, so we hope to have something on that sooner rather than later," said company president Ken Lamb.
The company will make further announcements on acquisitions and developments of the properties, as the information becomes available.
Please visit the company website for more information:
www.brownstonerresources.com
Forward Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Brownstone Resources Inc.
(416) 214 7847
CCBEF Clearly Canadian Lands Large U.S. Listing for New Enhanced Waters
Clearly Canadian Lands Large U.S. Listing for New Enhanced WatersBusiness Wire "US Press Releases "
VANCOUVER, British Columbia--(BUSINESS WIRE)--
CLEARLY CANADIAN BRANDS (OTCBB: CCBEF) (the "Company") announced today that its new line-up of Natural Enhanced Waters (dailyEnergy, dailyVitamin and dailyHydration) have been listed with Casey's General Stores, a large Midwestern convenience store chain. Casey's owns and operates over 1,450 convenience stores in nine states.
"We continue to make progress with our new daily Natural Enhanced Waters line-up," stated Brent Lokash, CEO of Clearly Canadian, "With the addition of Casey's General Stores we will now have a strong presence for this product line throughout the Midwest, and we are pleased to be working with a company who's commitment to quality and service are second to none. Having only introduced the daily Natural Enhanced Waters earlier this year, it is encouraging that we continue to land major national retail accounts and open up new relationships with leading retailers."
About Clearly Canadian
Based in Vancouver, B.C., Clearly Canadian Brands markets premium alternative beverages, including Clearly Canadian(R) sparkling flavoured waters and Clearly Canadian dailyEnergy, dailyVitamin and dailyHydration Natural Enhanced Waters which are distributed in the United States, Canada and various other countries. Clearly Canadian's recent acquisition of DMR Food Corporation and My Organic Baby Inc. marks the Company's debut into organic and natural products with a full line of organic baby and toddler foods under the brand names My Organic Baby and My Organic Toddler and a wide range of dried fruit and nut snacks offerings from SunRidge Farms, Naturalife, Sweet Selections, Simply by Nature and Glengrove Organics brands. Additional information about Clearly Canadian may be obtained at www.clearly.ca.
Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes", "estimates", "potential", "predicts", "continue" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including but not limited to, the belief in the opportunities which can exist for our products and the revenue growth for the Company. These assumptions are subject to many risks, and actual results may differ materially from those currently anticipated. These risks included, by way of example and not in limitation, general economic conditions, changing beverage consumption trends of consumers, the Company's ability to generate sufficient cash flows to support general operating activities and capital expansion plans, competition, pricing and availability of raw materials, the Company's ability to maintain the current and future retail listings for its beverage products and to maintain favorable supply, production and distribution arrangements, laws and regulations and changes thereto that may affect the way the Company's products are manufactured, distributed and sold and other factors beyond the reasonable control of the Company. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission and with the British Columbia and Ontario Securities Commissions.
Source: Clearly Canadian Brands
VANCOUVER, British Columbia--(BUSINESS WIRE)--
CLEARLY CANADIAN BRANDS (OTCBB: CCBEF) (the "Company") announced today that its new line-up of Natural Enhanced Waters (dailyEnergy, dailyVitamin and dailyHydration) have been listed with Casey's General Stores, a large Midwestern convenience store chain. Casey's owns and operates over 1,450 convenience stores in nine states.
"We continue to make progress with our new daily Natural Enhanced Waters line-up," stated Brent Lokash, CEO of Clearly Canadian, "With the addition of Casey's General Stores we will now have a strong presence for this product line throughout the Midwest, and we are pleased to be working with a company who's commitment to quality and service are second to none. Having only introduced the daily Natural Enhanced Waters earlier this year, it is encouraging that we continue to land major national retail accounts and open up new relationships with leading retailers."
About Clearly Canadian
Based in Vancouver, B.C., Clearly Canadian Brands markets premium alternative beverages, including Clearly Canadian(R) sparkling flavoured waters and Clearly Canadian dailyEnergy, dailyVitamin and dailyHydration Natural Enhanced Waters which are distributed in the United States, Canada and various other countries. Clearly Canadian's recent acquisition of DMR Food Corporation and My Organic Baby Inc. marks the Company's debut into organic and natural products with a full line of organic baby and toddler foods under the brand names My Organic Baby and My Organic Toddler and a wide range of dried fruit and nut snacks offerings from SunRidge Farms, Naturalife, Sweet Selections, Simply by Nature and Glengrove Organics brands. Additional information about Clearly Canadian may be obtained at www.clearly.ca.
Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes", "estimates", "potential", "predicts", "continue" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including but not limited to, the belief in the opportunities which can exist for our products and the revenue growth for the Company. These assumptions are subject to many risks, and actual results may differ materially from those currently anticipated. These risks included, by way of example and not in limitation, general economic conditions, changing beverage consumption trends of consumers, the Company's ability to generate sufficient cash flows to support general operating activities and capital expansion plans, competition, pricing and availability of raw materials, the Company's ability to maintain the current and future retail listings for its beverage products and to maintain favorable supply, production and distribution arrangements, laws and regulations and changes thereto that may affect the way the Company's products are manufactured, distributed and sold and other factors beyond the reasonable control of the Company. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission and with the British Columbia and Ontario Securities Commissions.
Source: Clearly Canadian Brands
WTCT Child Watch Network to Offer Line of Safety Products
Child Watch Network to Offer Line of Safety ProductsMarket Wire "US Press Releases "
ASHEVILLE, NC -- (MARKET WIRE) -- 11/19/07 -- The Child Watch Network, a wholly owned subsidiary of WatchIt Technologies, Inc. -- (PINKSHEETS: WTCT) has signed a strategic alliance agreement with Global Sourcing & Innovations, Inc., to source and market a line of Child Watch branded safety products for delivery to retail markets in the fall of 2008. The Partnership is opening its Hong Kong based showroom and sales office in January of 2008 to display their initial product line to retail buyers.
"We are very proud to be able to present a line of safety products for home and family from Child Watch which will expand their mission in this very important area of family safety," stated Sal Vasta, President of Global Sourcing and Innovations. "Child Watch of North America and the Child Watch Network are doing everything they can to improve the safety and well being of our children and families. These products will help further that goal."
The Child Watch Network is operating under a long term licensing agreement with Child Watch of North America, a 501 (c) 3 non profit organization that works to provide child safety and missing children information. For over 15 years, Child Watch of North America has been aiding law enforcement in the recovery of missing children, having assisted in the recovery of 181 children and providing hundreds of thousands of free ID cards and safety information under its Kidguard Safety Program.
The Child Watch Network is also developing an informational "social network" for parents and children in a partnership with NetSky Holdings, Inc.
WatchIt Technologies, Inc. is an emerging out-of-home new media advertising Company operating the Child Watch Network (CWN). CWN delivers time sensitive missing children information while providing a dynamic digital signage network for advertisers to reach on-the-go consumers with a targeted effective medium. Recently, the Company also acquired BMA Partners, Inc. dba Billboard Music Academy. BMA is a licensee of Billboard Magazine, the standard bearer of the music industry. The Company is developing a full service music community with a proprietary music education program and a music oriented social network as its center piece. WatchIt has also acquired the international rights to market and sell Boondoggle Sports Network as the WatchIt Network in association with Quizzing, LTD. a UK company specializing in pub-based sports and trivia-based games. The WatchIt Network also utilizes dynamic digital signage. The Company will initially focus on establishing a presence in the United Kingdom and will utilize management's experience and contacts to expand into other European countries.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations. For more information on:
Child Watch of North America, www.childwatch.org
WatchIt Technologies, Inc. www.watchittech.com
or
Contact:
WatchIt Technologies, Inc.
Investor Relations
1-407-884-0444
ASHEVILLE, NC -- (MARKET WIRE) -- 11/19/07 -- The Child Watch Network, a wholly owned subsidiary of WatchIt Technologies, Inc. -- (PINKSHEETS: WTCT) has signed a strategic alliance agreement with Global Sourcing & Innovations, Inc., to source and market a line of Child Watch branded safety products for delivery to retail markets in the fall of 2008. The Partnership is opening its Hong Kong based showroom and sales office in January of 2008 to display their initial product line to retail buyers.
"We are very proud to be able to present a line of safety products for home and family from Child Watch which will expand their mission in this very important area of family safety," stated Sal Vasta, President of Global Sourcing and Innovations. "Child Watch of North America and the Child Watch Network are doing everything they can to improve the safety and well being of our children and families. These products will help further that goal."
The Child Watch Network is operating under a long term licensing agreement with Child Watch of North America, a 501 (c) 3 non profit organization that works to provide child safety and missing children information. For over 15 years, Child Watch of North America has been aiding law enforcement in the recovery of missing children, having assisted in the recovery of 181 children and providing hundreds of thousands of free ID cards and safety information under its Kidguard Safety Program.
The Child Watch Network is also developing an informational "social network" for parents and children in a partnership with NetSky Holdings, Inc.
WatchIt Technologies, Inc. is an emerging out-of-home new media advertising Company operating the Child Watch Network (CWN). CWN delivers time sensitive missing children information while providing a dynamic digital signage network for advertisers to reach on-the-go consumers with a targeted effective medium. Recently, the Company also acquired BMA Partners, Inc. dba Billboard Music Academy. BMA is a licensee of Billboard Magazine, the standard bearer of the music industry. The Company is developing a full service music community with a proprietary music education program and a music oriented social network as its center piece. WatchIt has also acquired the international rights to market and sell Boondoggle Sports Network as the WatchIt Network in association with Quizzing, LTD. a UK company specializing in pub-based sports and trivia-based games. The WatchIt Network also utilizes dynamic digital signage. The Company will initially focus on establishing a presence in the United Kingdom and will utilize management's experience and contacts to expand into other European countries.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations. For more information on:
Child Watch of North America, www.childwatch.org
WatchIt Technologies, Inc. www.watchittech.com
or
Contact:
WatchIt Technologies, Inc.
Investor Relations
1-407-884-0444
SGAS Sino Gas International Holdings, Inc. Announces Third Quarter 2007 Results
Sino Gas International Holdings, Inc. Announces Third Quarter 2007 ResultsPR Newswire "US Press Releases "
BEIJING, Nov. 19 /Xinhua-PRNewswire-FirstCall/ -- Sino Gas International Holdings, Inc. (OTC Bulletin Board: SGAS) ("Sino Gas" or the "Company"), a leading developer of natural gas distribution systems in small and medium- sized cities, as well as a distributor of natural gas to residential, commercial and industrial customers in China, today reported financial results for the third quarter ended September 30, 2007. Third Quarter 2007 Highlights
-- Revenue reached $5.7 million, up 62.8% from the third quarter of 2006
-- Gross profit reached $3.7 million, up 41.5% from the third quarter of
2006
-- Operating income totaled $2.9 million, up 35.9% from the third quarter
of 2006
-- Net income rose to $2.6 million, or $0.12 per fully diluted share, up
36.5% from the third quarter of 2006
-- Sales of natural gas totaled 6.45 million cubic meters, up 126% from
the third quarter of 2006
-- Number of new households connected was 15,043, an increase of 4,543
households from the same period in 2006
-- Established exclusive concession right of natural gas distribution in
Baishan County in Jilin Province
-- Completed a private placement financing, generating $18.8 million in
gross proceeds
"The third quarter marks the beginning of the seasonally strongest period of the year, and we achieved solid business performance in both connection fees and gas sales due to further penetration in our existing markets. We were also successful in expanding our presence in the Northeastern region of China. This resulted in strong growth in revenue and profits, which we expect to continue throughout the winter season," commented Mr. Yu-Chuan Liu, President and CEO of the Sino Gas.
Third Quarter 2007 Results
Revenues for the three months ended September 30, 2007 increased 62.8% over the same period in 2006 to $5.7 million, driven by new connection fees from an additional 15,043 households as well as a substantial increase in natural gas sales to 6.45 million cubic meters, up 126% over the same period in 2006. Connection fees accounted for 71% of revenues this quarter, with natural gas sales accounting for the balance.
Gross profit for the three months ended September 30, 2007 was $3.7 million, an increase of 41.5%, or 65.2% of revenues, compared to $2.6 million, or 75.1% of revenues in the third quarter of 2006. The increase in gross profit resulted from the overall increase in sales. Gross margin in the quarter declined due to higher depreciation costs for both connection fees and gas sales in the third quarter of 2007. The Company plans to increase new connection fees as well as natural gas sales in the future as a result of both organic growth and external acquisitions.
Operating expenses in the third quarter of 2007 were $798,691, an increase of 66.5% from $479,827 in the comparable period last year. The increase in operating expenses in the quarter was proportional to the overall revenue growth. As a percentage of revenues, operating expenses were 14.1% in the third quarter of 2007, up slightly from the third quarter last year, reflecting a similar cost structure.
Operating income in the third quarter of 2007 increased 35.9% to $2.9 million, or 51.1% of revenues, compared to $2.1 million, or 61.2% of revenues, for the same period of 2006.
Net income during the quarter was $2.6 million, or $0.12 per fully diluted share, up 36.5% from $1.9 million, or $0.02 per fully diluted share, in the third quarter of 2006. Earnings per basic and diluted share reflect an increase in weighted average shares of 7,494,478 related to a private placement financing in the third quarter of 2007.
Nine Month Results
Revenues for first nine months of 2007 increased 119.0% to $10.9 million, compared to $5.0 million in the first nine months of 2006. Connection fees accounted for 55% of revenues, versus 62% in the first nine months of 2006, with natural gas sales accounting for the balance in both periods. In the first nine months of 2007 gross profit was $5.2 million or 47.7% of revenues, up 66.2% from $3.1 million, or 62.8% of revenues, in the year ago period. Operating income increased 48.3% to $3.5 million, or 32.2% of revenues, compared to $2.4 million, or 47.5% of revenues, in the first nine months of 2006. Net income increased 48.7% to $3.3 million, or $0.17 per fully diluted share, compared to $2.2 million, or $0.02 per fully diluted share in the first nine months of 2006.
Financial Condition
On September 30, 2007, the Company had $16.5 million in cash and cash equivalents, $12.9 million in working capital and $2.7 million in bank notes and loans. In the first nine months of 2007, the Company generated $8.4 million in cash flows from operating activities, up from $3.5 million in the same period last year. Capital expenditures totaled $5.6 million for the third quarter. Shareholders' equity stood at $46.5 million, compared to $25.4 million at year end of 2006.
BEIJING, Nov. 19 /Xinhua-PRNewswire-FirstCall/ -- Sino Gas International Holdings, Inc. (OTC Bulletin Board: SGAS) ("Sino Gas" or the "Company"), a leading developer of natural gas distribution systems in small and medium- sized cities, as well as a distributor of natural gas to residential, commercial and industrial customers in China, today reported financial results for the third quarter ended September 30, 2007. Third Quarter 2007 Highlights
-- Revenue reached $5.7 million, up 62.8% from the third quarter of 2006
-- Gross profit reached $3.7 million, up 41.5% from the third quarter of
2006
-- Operating income totaled $2.9 million, up 35.9% from the third quarter
of 2006
-- Net income rose to $2.6 million, or $0.12 per fully diluted share, up
36.5% from the third quarter of 2006
-- Sales of natural gas totaled 6.45 million cubic meters, up 126% from
the third quarter of 2006
-- Number of new households connected was 15,043, an increase of 4,543
households from the same period in 2006
-- Established exclusive concession right of natural gas distribution in
Baishan County in Jilin Province
-- Completed a private placement financing, generating $18.8 million in
gross proceeds
"The third quarter marks the beginning of the seasonally strongest period of the year, and we achieved solid business performance in both connection fees and gas sales due to further penetration in our existing markets. We were also successful in expanding our presence in the Northeastern region of China. This resulted in strong growth in revenue and profits, which we expect to continue throughout the winter season," commented Mr. Yu-Chuan Liu, President and CEO of the Sino Gas.
Third Quarter 2007 Results
Revenues for the three months ended September 30, 2007 increased 62.8% over the same period in 2006 to $5.7 million, driven by new connection fees from an additional 15,043 households as well as a substantial increase in natural gas sales to 6.45 million cubic meters, up 126% over the same period in 2006. Connection fees accounted for 71% of revenues this quarter, with natural gas sales accounting for the balance.
Gross profit for the three months ended September 30, 2007 was $3.7 million, an increase of 41.5%, or 65.2% of revenues, compared to $2.6 million, or 75.1% of revenues in the third quarter of 2006. The increase in gross profit resulted from the overall increase in sales. Gross margin in the quarter declined due to higher depreciation costs for both connection fees and gas sales in the third quarter of 2007. The Company plans to increase new connection fees as well as natural gas sales in the future as a result of both organic growth and external acquisitions.
Operating expenses in the third quarter of 2007 were $798,691, an increase of 66.5% from $479,827 in the comparable period last year. The increase in operating expenses in the quarter was proportional to the overall revenue growth. As a percentage of revenues, operating expenses were 14.1% in the third quarter of 2007, up slightly from the third quarter last year, reflecting a similar cost structure.
Operating income in the third quarter of 2007 increased 35.9% to $2.9 million, or 51.1% of revenues, compared to $2.1 million, or 61.2% of revenues, for the same period of 2006.
Net income during the quarter was $2.6 million, or $0.12 per fully diluted share, up 36.5% from $1.9 million, or $0.02 per fully diluted share, in the third quarter of 2006. Earnings per basic and diluted share reflect an increase in weighted average shares of 7,494,478 related to a private placement financing in the third quarter of 2007.
Nine Month Results
Revenues for first nine months of 2007 increased 119.0% to $10.9 million, compared to $5.0 million in the first nine months of 2006. Connection fees accounted for 55% of revenues, versus 62% in the first nine months of 2006, with natural gas sales accounting for the balance in both periods. In the first nine months of 2007 gross profit was $5.2 million or 47.7% of revenues, up 66.2% from $3.1 million, or 62.8% of revenues, in the year ago period. Operating income increased 48.3% to $3.5 million, or 32.2% of revenues, compared to $2.4 million, or 47.5% of revenues, in the first nine months of 2006. Net income increased 48.7% to $3.3 million, or $0.17 per fully diluted share, compared to $2.2 million, or $0.02 per fully diluted share in the first nine months of 2006.
Financial Condition
On September 30, 2007, the Company had $16.5 million in cash and cash equivalents, $12.9 million in working capital and $2.7 million in bank notes and loans. In the first nine months of 2007, the Company generated $8.4 million in cash flows from operating activities, up from $3.5 million in the same period last year. Capital expenditures totaled $5.6 million for the third quarter. Shareholders' equity stood at $46.5 million, compared to $25.4 million at year end of 2006.
TEON HMSO Hemis Acquires Share Position in Tecton Corporation
Hemis Acquires Share Position in Tecton CorporationBusiness Wire "US Press Releases "
LAS VEGAS--(BUSINESS WIRE)--
Hemis Corporation (OTCBB:HMSO)(FWB:XZA) is an international resource company with three advanced stage exploration properties in Mexico and one in Alaska.
Hemis Corporation is pleased to announce it has acquired one million shares in Tecton Corporation.
Tecton Corporation (OTCBB:TEON) is a public company based in Nevada that is focused on developing Uranium projects.
Tecton Corporation is a US-based exploration company focused on the acquisition and development of a high-quality portfolio of uranium properties. Tecton's corporate strategy is to acquire advanced-stage uranium properties that are either past producers, have been the subject of prior work programs and/or contain historic resources. Additionally, Tecton will acquire selective early-stage properties should they possess significant geologic merit. The geographic focus of Tecton is in both the United States and Canada, where the company has acquired uranium properties in Utah and Saskatchewan's Athabasca Basin.
As a former subsidiary of Hemis, Tecton was completely spun-off in October of 2006 and became independent.
Bruno Weiss, CFO of the Company states, "This acquisition is both an addition to Hemis' assets and an opportunity for Hemis' shareholders to be exposed to the prolific uranium market." ON BEHALF OF THE BOARD
"Norman Meier"
President & CEO
About Hemis Corporation
Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. Hemis is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.
The statements contained herein which are not historical are forward-looking statements that 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 the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in Hemis' filings with the Securities and Exchange Commission.
Source: Hemis Corporation
LAS VEGAS--(BUSINESS WIRE)--
Hemis Corporation (OTCBB:HMSO)(FWB:XZA) is an international resource company with three advanced stage exploration properties in Mexico and one in Alaska.
Hemis Corporation is pleased to announce it has acquired one million shares in Tecton Corporation.
Tecton Corporation (OTCBB:TEON) is a public company based in Nevada that is focused on developing Uranium projects.
Tecton Corporation is a US-based exploration company focused on the acquisition and development of a high-quality portfolio of uranium properties. Tecton's corporate strategy is to acquire advanced-stage uranium properties that are either past producers, have been the subject of prior work programs and/or contain historic resources. Additionally, Tecton will acquire selective early-stage properties should they possess significant geologic merit. The geographic focus of Tecton is in both the United States and Canada, where the company has acquired uranium properties in Utah and Saskatchewan's Athabasca Basin.
As a former subsidiary of Hemis, Tecton was completely spun-off in October of 2006 and became independent.
Bruno Weiss, CFO of the Company states, "This acquisition is both an addition to Hemis' assets and an opportunity for Hemis' shareholders to be exposed to the prolific uranium market." ON BEHALF OF THE BOARD
"Norman Meier"
President & CEO
About Hemis Corporation
Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. Hemis is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.
The statements contained herein which are not historical are forward-looking statements that 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 the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in Hemis' filings with the Securities and Exchange Commission.
Source: Hemis Corporation
VERA Veramark Wins Significant VeraSMART Order From Leading Health Insurance Provider
Veramark Wins Significant VeraSMART Order From Leading Health Insurance ProviderBusiness Wire "US Press Releases "
PITTSFORD, N.Y.--(BUSINESS WIRE)--
Veramark Technologies, Inc. (OTCBB: VERA), a leading manufacturer of enterprise telemanagement and call accounting software solutions, today announced receipt of a significant order from a large health insurance provider.
This healthcare provider chose the VeraSMART(R) Communications Management Suite because of its scalability and diverse capabilities. To maximize productivity, effectively cut operating costs, and increase accountability, they selected VeraSMART's Allocation, Invoice Management, Call Accounting, and EZ-Share(TM) modules. The Invoice Management and Allocation modules will allow them to accurately account for telecom-related inventory, manage electronic and paper invoices from multiple vendors, allocate charges and run detailed trending and analysis reports. The Call Accounting module will be used to collect data from their Avaya and Cisco switches and manage 20,000 extensions across eleven locations. Veramark's EZ-Share module will be employed for import and export to and from their HR and accounting software applications.
About Veramark Technologies, Inc.
Veramark's telemanagement software solutions set the industry standard for technological excellence, application experience, and process expertise. These solutions include the VeraSMART Enterprise Communications Management Suite and eCAS(R) Call Accounting. VeraSMART offers a powerful application core through which data can be managed with great efficiency. Consolidating the delivery and management of all your technology-related costs within your existing communications network, VeraSMART allows organizations to integrate, automate, and control technology costs. VeraSMART's integrated and scalable modular architecture allows you to implement only the functionality you require and to expand the solution as your needs grow. eCAS Call Accounting allows small- to midsize-businesses to gain visibility into, and control over, telecom usage and expenses--offering the flexibility needed to effectively manage the telecom system.
Veramark sells and markets its solutions directly and through leveraged distribution channels to customers ranging from the Fortune 500 to small businesses as well as the public sector, including government agencies and the military. Veramark provides a range of services including premises-based, hosted, managed services, and Telecom Expense Management (TEM) services. Veramark solutions are distributed by many telecom leaders, including Avaya, Nortel Networks, Cisco Systems, NEC Unified, AT&T Inc., and EMBARQ Logistics. All Veramark products and services are made and provided by personnel in the United States. Veramark, VeraSMART, and eCAS are registered trademarks of
Veramark Technologies, Inc.
All other trademarks are the property of their respective owners.
This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.
Source: Veramark Technologies, Inc.
PITTSFORD, N.Y.--(BUSINESS WIRE)--
Veramark Technologies, Inc. (OTCBB: VERA), a leading manufacturer of enterprise telemanagement and call accounting software solutions, today announced receipt of a significant order from a large health insurance provider.
This healthcare provider chose the VeraSMART(R) Communications Management Suite because of its scalability and diverse capabilities. To maximize productivity, effectively cut operating costs, and increase accountability, they selected VeraSMART's Allocation, Invoice Management, Call Accounting, and EZ-Share(TM) modules. The Invoice Management and Allocation modules will allow them to accurately account for telecom-related inventory, manage electronic and paper invoices from multiple vendors, allocate charges and run detailed trending and analysis reports. The Call Accounting module will be used to collect data from their Avaya and Cisco switches and manage 20,000 extensions across eleven locations. Veramark's EZ-Share module will be employed for import and export to and from their HR and accounting software applications.
About Veramark Technologies, Inc.
Veramark's telemanagement software solutions set the industry standard for technological excellence, application experience, and process expertise. These solutions include the VeraSMART Enterprise Communications Management Suite and eCAS(R) Call Accounting. VeraSMART offers a powerful application core through which data can be managed with great efficiency. Consolidating the delivery and management of all your technology-related costs within your existing communications network, VeraSMART allows organizations to integrate, automate, and control technology costs. VeraSMART's integrated and scalable modular architecture allows you to implement only the functionality you require and to expand the solution as your needs grow. eCAS Call Accounting allows small- to midsize-businesses to gain visibility into, and control over, telecom usage and expenses--offering the flexibility needed to effectively manage the telecom system.
Veramark sells and markets its solutions directly and through leveraged distribution channels to customers ranging from the Fortune 500 to small businesses as well as the public sector, including government agencies and the military. Veramark provides a range of services including premises-based, hosted, managed services, and Telecom Expense Management (TEM) services. Veramark solutions are distributed by many telecom leaders, including Avaya, Nortel Networks, Cisco Systems, NEC Unified, AT&T Inc., and EMBARQ Logistics. All Veramark products and services are made and provided by personnel in the United States. Veramark, VeraSMART, and eCAS are registered trademarks of
Veramark Technologies, Inc.
All other trademarks are the property of their respective owners.
This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.
Source: Veramark Technologies, Inc.
TRNT TransNet Reports Contract with City of Newark
TransNet Reports Contract with City of NewarkPR Newswire "US Press Releases "
BRANCHBURG, N.J., Nov. 19 /PRNewswire-FirstCall/ -- TransNet Corporation (OTC Bulletin Board: TRNT), a leading unified communications and IT sales and service provider, today reported that it has entered into a contract with the City of Newark to provide enhanced software productivity courses to City employees.
Steven J. Wilk, President, said, "We are pleased to have been selected by the City of Newark as their preferred training company for courses on a wide array of software products. The value of this contract is approximately $120,000. Performance under the contract will commence in calendar year 2008 and runs through August 2009. This award allows us to further penetrate the state and municipality marketplace, one in which we have competed successfully during the past three years. We are confident in our ability to assist the City of Newark in enhancing the productivity and efficiency of its employees as Newark, like many municipalities in New Jersey, New York, and Pennsylvania, increases its utilization of technology to help reduce its overall costs. TransNet has presented a significantly increased amount of proposals in these states for products and services to improve end-user productivity through voice, video and data convergence and unified communications. This marketplace will offer greater opportunities as more states and large cities benefit from the cost savings of technology."
About TransNet
TransNet Corporation is a leading unified communications and IT sales and support provider for corporate, educational, and governmental clients. TransNet provides sophisticated solutions, including system design and integration, physical security and video surveillance systems, help-desk support services, staffing services, and end-user training. Its clients include Fortune 100 organizations, primarily in the pharmaceutical, oil and gas, finance and communications industries, as well as educational and governmental institutions. TransNet serves it clients from its Branchburg, New Jersey headquarters, and its offices in eastern Pennsylvania.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are forward- looking statements are based on current management expectations that involve risk and uncertainties. Potential risks and uncertainties include, without limitation: the impact of economic conditions generally and in the industry for microcomputer products and services; dependence on key vendors; continued competitive and pricing pressures in the industry; product supply shortages; open-sourcing of products of vendors; rapid product improvement and technological change, short product life cycles and resulting obsolescence risks; legal proceedings; capital and financing availability; and other risks set forth in the Company's filings with the Securities and Exchange Commission.
SOURCE TransNet Corporation
BRANCHBURG, N.J., Nov. 19 /PRNewswire-FirstCall/ -- TransNet Corporation (OTC Bulletin Board: TRNT), a leading unified communications and IT sales and service provider, today reported that it has entered into a contract with the City of Newark to provide enhanced software productivity courses to City employees.
Steven J. Wilk, President, said, "We are pleased to have been selected by the City of Newark as their preferred training company for courses on a wide array of software products. The value of this contract is approximately $120,000. Performance under the contract will commence in calendar year 2008 and runs through August 2009. This award allows us to further penetrate the state and municipality marketplace, one in which we have competed successfully during the past three years. We are confident in our ability to assist the City of Newark in enhancing the productivity and efficiency of its employees as Newark, like many municipalities in New Jersey, New York, and Pennsylvania, increases its utilization of technology to help reduce its overall costs. TransNet has presented a significantly increased amount of proposals in these states for products and services to improve end-user productivity through voice, video and data convergence and unified communications. This marketplace will offer greater opportunities as more states and large cities benefit from the cost savings of technology."
About TransNet
TransNet Corporation is a leading unified communications and IT sales and support provider for corporate, educational, and governmental clients. TransNet provides sophisticated solutions, including system design and integration, physical security and video surveillance systems, help-desk support services, staffing services, and end-user training. Its clients include Fortune 100 organizations, primarily in the pharmaceutical, oil and gas, finance and communications industries, as well as educational and governmental institutions. TransNet serves it clients from its Branchburg, New Jersey headquarters, and its offices in eastern Pennsylvania.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are forward- looking statements are based on current management expectations that involve risk and uncertainties. Potential risks and uncertainties include, without limitation: the impact of economic conditions generally and in the industry for microcomputer products and services; dependence on key vendors; continued competitive and pricing pressures in the industry; product supply shortages; open-sourcing of products of vendors; rapid product improvement and technological change, short product life cycles and resulting obsolescence risks; legal proceedings; capital and financing availability; and other risks set forth in the Company's filings with the Securities and Exchange Commission.
SOURCE TransNet Corporation
STEN Sinoenergy Corporation Announces Opening of First CNG Station in Xuancheng City
Sinoenergy Corporation Announces Opening of First CNG Station in Xuancheng CityPR Newswire "US Press Releases "
BEIJING, Nov. 19 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (OTC Bulletin Board: SNEN), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of CNG filling stations in China, announced today that its first CNG filling station in Xuancheng City is now open and has begun selling compressed natural gas to vehicles as of November 16, 2007.
This station is located in the development zone within the Central area of Xuancheng City, in Anhui Province. The station's designed daily gas supply capacity is 10,000 cubic meters, which can supply 300 taxis or 150 buses per day. This station has four filling outlets and is open 24 hours a day, seven days a week.
Xuancheng City is located in Anhui Province and has a population of approximately 3 million, with approximately 1,000 buses and 2,000 taxis.
Sinoenergy's wholly-owned subsidiary, Xuancheng Sinoenergy, is presently the only company authorized to construct and operate CNG stations in Xuancheng City. Currently, Sinoenergy has two additional stations under construction that are expected to go into operation in January 2008.
"We are pleased to announce the opening of our first CNG filling station in Xuancheng City, which is another important milestone in developing our CNG business in Central and Eastern China," said Mr. Bo Huang, CEO of Sinoenergy Corporation."
About Sinoenergy:
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as an operator of CNG stations in China. In addition to its CNG related products, the Company also manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; estimated demand for CNG from vehicles in the target markets; potential delays in obtaining approval and completing construction of planned CNG filling stations; the availability of CNG and the terms on which CNG can be purchased; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks associated with the share exchange; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. For more information, please contact:
Sinoenergy Corporation
Ms. Laby Wu, CFO
Tel: +86-10-8492-8149
Email: labywu@sinoenergycorporation.com
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
SOURCE Sinoenergy Corporation
BEIJING, Nov. 19 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (OTC Bulletin Board: SNEN), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of CNG filling stations in China, announced today that its first CNG filling station in Xuancheng City is now open and has begun selling compressed natural gas to vehicles as of November 16, 2007.
This station is located in the development zone within the Central area of Xuancheng City, in Anhui Province. The station's designed daily gas supply capacity is 10,000 cubic meters, which can supply 300 taxis or 150 buses per day. This station has four filling outlets and is open 24 hours a day, seven days a week.
Xuancheng City is located in Anhui Province and has a population of approximately 3 million, with approximately 1,000 buses and 2,000 taxis.
Sinoenergy's wholly-owned subsidiary, Xuancheng Sinoenergy, is presently the only company authorized to construct and operate CNG stations in Xuancheng City. Currently, Sinoenergy has two additional stations under construction that are expected to go into operation in January 2008.
"We are pleased to announce the opening of our first CNG filling station in Xuancheng City, which is another important milestone in developing our CNG business in Central and Eastern China," said Mr. Bo Huang, CEO of Sinoenergy Corporation."
About Sinoenergy:
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as an operator of CNG stations in China. In addition to its CNG related products, the Company also manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; estimated demand for CNG from vehicles in the target markets; potential delays in obtaining approval and completing construction of planned CNG filling stations; the availability of CNG and the terms on which CNG can be purchased; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks associated with the share exchange; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. For more information, please contact:
Sinoenergy Corporation
Ms. Laby Wu, CFO
Tel: +86-10-8492-8149
Email: labywu@sinoenergycorporation.com
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
SOURCE Sinoenergy Corporation
SWTS Sweet Success Pharmacy Chain Customer Sends 280,000 GlucaSafe Mailers and Increases Purchases of GlucaSafe During U.S. Diabetes Month
Sweet Success Pharmacy Chain Customer Sends 280,000 GlucaSafe Mailers and Increases Purchases of GlucaSafe During U.S. Diabetes MonthPrimeNewswire "PrimeNewswire "
SAN ANTONIO, Nov. 19, 2007 (PRIME NEWSWIRE) -- Sweet Success Enterprises (OTCBB:SWTS), maker of flagship product, GlucaSafe(tm) which supports healthy glucose levels, increases shipments for pharmacy reorders and new pharmacy outlets during U.S. diabetes month. 280,000 mailers promoting the diabetic health features of GlucaSafe(tm) went out to customers of 50 of these pharmacies last week. Consumers who had purchased products for treatment of diabetes received the mailer.
"Our initial mailing was very successful and we expect to see an even greater response with the second wave of customers receiving this communication," said William Gallagher, Sweet Success CEO. "This marketing activity by the chain demonstrates a real commitment to make available a product that helps diabetics. Over 3.5 million people die of diabetes and related problems each year, according to recent studies."
"Considerable new interest in an all-natural diabetes solution has been created by the proliferation of U.S. diabetes month articles in USA Today and other larger periodicals," added Gallagher. "The mailers sent out define the glucose control feature of GlucaSafe(tm) and how GlucaSafe(tm) takes living with diabetes to a whole new level."
"As GlucaSafe(tm) sell-through accelerates in this chain, we have taken new steps to back up our GlucaSafe(tm) production capability," said Gallagher. "Additionally one of our co-packers, Universal Food and Beverage Co., was recently acquired and will be back in production soon."
Sweet Success is coordinating its marketing efforts to take advantage of the additional publicity provided by last Wednesday's World Diabetes Day event, which included awareness activities at the Alamo in San Antonio. The next very important marketing day this month will feature Sweet Success GlucaSafe(tm) education and sampling demos in 100 of the pharmacy outlets on the 24th of November. These demos will be held in outlets in major cities throughout the northern part of the country.
Product statements have not been evaluated by the FDA. The products are not intended to diagnose, treat, cure or prevent disease.
The Sweet Success Enterprises, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3428
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Management cautions that the ability to attract clients and generate business may be affected by a decline in the Company's financial ratings, the competitive environment, the Company's ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company's continuing operations and changes in market conditions. CONTACT: Sweet Success Enterprises, Inc.
Christee Kahn
210-824-2496 ext. 233
SAN ANTONIO, Nov. 19, 2007 (PRIME NEWSWIRE) -- Sweet Success Enterprises (OTCBB:SWTS), maker of flagship product, GlucaSafe(tm) which supports healthy glucose levels, increases shipments for pharmacy reorders and new pharmacy outlets during U.S. diabetes month. 280,000 mailers promoting the diabetic health features of GlucaSafe(tm) went out to customers of 50 of these pharmacies last week. Consumers who had purchased products for treatment of diabetes received the mailer.
"Our initial mailing was very successful and we expect to see an even greater response with the second wave of customers receiving this communication," said William Gallagher, Sweet Success CEO. "This marketing activity by the chain demonstrates a real commitment to make available a product that helps diabetics. Over 3.5 million people die of diabetes and related problems each year, according to recent studies."
"Considerable new interest in an all-natural diabetes solution has been created by the proliferation of U.S. diabetes month articles in USA Today and other larger periodicals," added Gallagher. "The mailers sent out define the glucose control feature of GlucaSafe(tm) and how GlucaSafe(tm) takes living with diabetes to a whole new level."
"As GlucaSafe(tm) sell-through accelerates in this chain, we have taken new steps to back up our GlucaSafe(tm) production capability," said Gallagher. "Additionally one of our co-packers, Universal Food and Beverage Co., was recently acquired and will be back in production soon."
Sweet Success is coordinating its marketing efforts to take advantage of the additional publicity provided by last Wednesday's World Diabetes Day event, which included awareness activities at the Alamo in San Antonio. The next very important marketing day this month will feature Sweet Success GlucaSafe(tm) education and sampling demos in 100 of the pharmacy outlets on the 24th of November. These demos will be held in outlets in major cities throughout the northern part of the country.
Product statements have not been evaluated by the FDA. The products are not intended to diagnose, treat, cure or prevent disease.
The Sweet Success Enterprises, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3428
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Management cautions that the ability to attract clients and generate business may be affected by a decline in the Company's financial ratings, the competitive environment, the Company's ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company's continuing operations and changes in market conditions. CONTACT: Sweet Success Enterprises, Inc.
Christee Kahn
210-824-2496 ext. 233
GCME Greater China Media and Entertainment Close First Round of Private Placement for US$1.6 Million
Greater China Media and Entertainment Close First Round of Private Placement for US$1.6 MillionPR Newswire "US Press Releases "
BEIJING, Nov. 19 /Xinhua-PRNewswire/ -- Greater China Media & Entertainment Corporation (OTC Bulletin Board: GCME; "GCME"), an integrated professional media and entertainment company announced that the Company has completed a private placement for US$1.6 million.
GCME will use the funds to facilitate expansion of Greater China Media & Entertainment Corporation, including the necessary funding to support the Company's wholly owned subsidiary and existing Joint Ventures.
The remainder of the funds will be used to implement and develop the Company's business plan, for working capital and general corporate uses.
"The funding will propel GCME into the production and implementation phase," said Jake Wei, President of Greater China Media & Entertainment Corporation. "This financing gives us additional leverage to achieve our corporate goals and consider new initiatives that will create further value for our shareholders and strengthen GCME's presence in the international media and entertainment sector."
About Greater China Media and Entertainment Corporation:
Greater China Media & Entertainment Corp. ("GCME" or the "Company") is an integrated professional media and entertainment company covering various areas including film and TV program production, management, promotion and distribution. The Company maintains its own film and television production center, promotion agency, audio-visual distribution company, digital network company, talent agency, and sales and advertising agency as a result of recent joint ventures. With its broad range of media and entertainment talents, the Company is capable of making films, TV programs and related projects on a large scale.
Joint Ventures:
In June 2006, GCME signed and closed an Acquisition Agreement with Triumph Research Limited, a BVI company and party to a Joint Venture Agreement with Beijing Tangde International Film and Culture Co., Ltd. (Tangde), a Chinese company focused on producing TV programming and movies. The Company's public relations, media strategy, consulting and event management joint venture, Beijing Racemind HuaDing International Marketing Consultants Limited (Racemind HuaDing) was organized in 2006 and approved for business by the Beijing Administration for Industry in May 2007. The Company also signed an agreement with Beijing Star King Talent Agency to form a joint venture to carry on business as a talent agency. Milestones
Movie and television series production and distribution
-- GCME-signed stars appeared in the 'Invincible' TV Series.
-- Signed a production and distribution deal with Mega Vision Productions
Limited for the new movie 'Tough Guy'. The movie completed shooting
recently.
-- Took delivery of its first script for its 'True Love' television series
to be directed by famed director Wong Jing.
-- Signed a production and distribution deal for its 'Poor Dad, Rich Dad'
television series with HuaYi Union Cultural Media Investment Company
Limited. The series wrapped up shooting recently.
Racemind HuaDing
-- Provided Public relations services to and organized "Family Event" for
Johnson & Johnson Medical Ltd.
-- Arranged 2007 China Canon Exhibition Tennis Tournament.
-- Signed public relations services agreement with China Central
Television (CCTV) for the 2007 Asia-Pacific Robot Contest.
-- Signed service agreement with Siemens Ltd., China's Transportation
Systems group. Organized the 10th Anniversary Ceremony of Siemens
Management Institute
-- Selected by Microsoft China as an approved public relations vendor,
and arranged conferences, new product press releases and events.
For more information, please visit the Company website at http://www.greaterchinamedia.com.
Forward-looking statements:
This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion. The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors. For more information, please contact:
Greater China Media & Entertainment Corp.
Jake Wei
Tel: +86-10-5921-2333
SOURCE Greater China Media & Entertainment Corporation
BEIJING, Nov. 19 /Xinhua-PRNewswire/ -- Greater China Media & Entertainment Corporation (OTC Bulletin Board: GCME; "GCME"), an integrated professional media and entertainment company announced that the Company has completed a private placement for US$1.6 million.
GCME will use the funds to facilitate expansion of Greater China Media & Entertainment Corporation, including the necessary funding to support the Company's wholly owned subsidiary and existing Joint Ventures.
The remainder of the funds will be used to implement and develop the Company's business plan, for working capital and general corporate uses.
"The funding will propel GCME into the production and implementation phase," said Jake Wei, President of Greater China Media & Entertainment Corporation. "This financing gives us additional leverage to achieve our corporate goals and consider new initiatives that will create further value for our shareholders and strengthen GCME's presence in the international media and entertainment sector."
About Greater China Media and Entertainment Corporation:
Greater China Media & Entertainment Corp. ("GCME" or the "Company") is an integrated professional media and entertainment company covering various areas including film and TV program production, management, promotion and distribution. The Company maintains its own film and television production center, promotion agency, audio-visual distribution company, digital network company, talent agency, and sales and advertising agency as a result of recent joint ventures. With its broad range of media and entertainment talents, the Company is capable of making films, TV programs and related projects on a large scale.
Joint Ventures:
In June 2006, GCME signed and closed an Acquisition Agreement with Triumph Research Limited, a BVI company and party to a Joint Venture Agreement with Beijing Tangde International Film and Culture Co., Ltd. (Tangde), a Chinese company focused on producing TV programming and movies. The Company's public relations, media strategy, consulting and event management joint venture, Beijing Racemind HuaDing International Marketing Consultants Limited (Racemind HuaDing) was organized in 2006 and approved for business by the Beijing Administration for Industry in May 2007. The Company also signed an agreement with Beijing Star King Talent Agency to form a joint venture to carry on business as a talent agency. Milestones
Movie and television series production and distribution
-- GCME-signed stars appeared in the 'Invincible' TV Series.
-- Signed a production and distribution deal with Mega Vision Productions
Limited for the new movie 'Tough Guy'. The movie completed shooting
recently.
-- Took delivery of its first script for its 'True Love' television series
to be directed by famed director Wong Jing.
-- Signed a production and distribution deal for its 'Poor Dad, Rich Dad'
television series with HuaYi Union Cultural Media Investment Company
Limited. The series wrapped up shooting recently.
Racemind HuaDing
-- Provided Public relations services to and organized "Family Event" for
Johnson & Johnson Medical Ltd.
-- Arranged 2007 China Canon Exhibition Tennis Tournament.
-- Signed public relations services agreement with China Central
Television (CCTV) for the 2007 Asia-Pacific Robot Contest.
-- Signed service agreement with Siemens Ltd., China's Transportation
Systems group. Organized the 10th Anniversary Ceremony of Siemens
Management Institute
-- Selected by Microsoft China as an approved public relations vendor,
and arranged conferences, new product press releases and events.
For more information, please visit the Company website at http://www.greaterchinamedia.com.
Forward-looking statements:
This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion. The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors. For more information, please contact:
Greater China Media & Entertainment Corp.
Jake Wei
Tel: +86-10-5921-2333
SOURCE Greater China Media & Entertainment Corporation
Subscribe to:
Posts (Atom)
