RENO, Nev.--(BUSINESS WIRE)--Pure H2O, Inc. (PINKSHEETS: PURH - News), a provider of innovative wastewater treatment systems, is pleased to announce that it has successfully completed a series of agricultural tests, using its water treatment systems.
Mr. Harvey Panesar, Company Secretary of Pure, reported, "Preliminary test results, in a variety of agricultural industries, have indicated that the use of Pure's systems will significantly increase production yield, performance, health and even fertility of livestock, while decreasing the equipment maintenance costs of water distribution systems."
Mr. Panesar went on to state, "Water is an essential element to animals, fowl and plants. Studies have shown there are several economic gains to providing an unlimited supply of high quality water. Pure H2O's tests reinforce these studies and prove that managing water quality is as important as the feed source and ration planning. Test results indicated that the overall milk production in the study's dairy herd increased approximately 4% and butterfat increased almost 3%. The farmer participating in the tests estimates that Pure H2O's water treatment system will allow him to net an additional $50,000 this year. Installation of the system only cost $20,000. Another recent study, performed in Alberta, found there was a 9% greater weight gain in calves born to cows drinking treated water in a trough compared to those drinking directly from a pond. Steers in the same study showed a 16-19% increase in weight under the same environment."
Mr. Panesar concluded by stating that "we are greatly encouraged by these agricultural studies and will respond by establishing an agricultural division specifically to capitalize on these results."
About Pure H2O, Inc.:
Pure H2O, Inc. (PINKSHEETS: PURH - News) is a US corporation which provides end-to-end consultation, design, implementation, and sales of technical solutions for clients with problem water. Pure H2O provides a full-service program that includes comprehensive application development, integrated storage and dosing equipment, chemical inventory supply and management as well as ongoing field and technical operations support. The Companies objective is to provide every client with cost effective and value added full-service solutions to meet their water quality control needs.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.PureH2Oinc.net.
Thursday, May 31, 2007
Tuesday, May 22, 2007
Clinicares Expands Into the China Market
LOS ANGELES, CA--(MARKET WIRE)--May 22, 2007 -- Clinicares (Other OTC:CCRC.PK - News) announces the signing of a contract with the People's Liberation Army Hospital in Beijing, China to provide their functional beauty products, customized beauty products and their DNA Gene testing/diagnosis services. Clinicares will also have the license to provide its products and services to dermatologists and plastic surgeons within the Hospital. The doctors and medical personnel are especially interested in the micro needles because of the number of Chinese patients with scars.
Due to the size of the Chinese market and the anticipated demand for their products and services, Clinicares forecasts a significant increase in sales once established in China.
Clinicares will start the interior construction of their examining center facility in the Beijing Hospital by the end of the month and expects operations to begin within six months.
About Clinicares
Micro Roller and Peptide Product line:
With the conventional application of creams, gels or lotions only a fraction (less than 0.5%) of their active substances can penetrate the epidermal barrier (99.5% is lost). The upper skin layer (epidermis) consists of several layers and their structure is like a brick-wall.
The Clinicares Micro Roller, studded with nearly 200 extreme fine needles of medical grade stainless steel with a tip length of 0.2mm, is the latest revolutionary cosmeceutical tool in skin care treatments. When applied to the surface of the skin, it creates deep micro channels in the layer of dead cells that normally protects the skin. These enable the active ingredients of peptide-based products to penetrate more deeply and in greater quantities than simply applying the preparation to the surface.
The "Soft" Alternative for all Common Laser & Peeling Methods:
CTS (Clinicares Treatment Solutions) is a procedure, which stimulates the skin to produce a new collagen formation, thereby reducing wrinkles and improving skin texture. Clinicares Micro Roller is used to produce many microscopic channels in the skin, which stimulate your own body to produce new collagen. These channels improve (1000 times) the penetration of the highest concentration of peptides, vitamin creams, or any other liposomal serums. The Clinicares' peptide products, especially formulated to work with the Clinicares Micro Roller, stimulate skin renewal, which allows the skin to appear fresher, younger and with dramatically reduce fine lines and wrinkles. Clinicares Treatment Solutions (CTS) are longer lasting compared to artificial injected collagen.
DNA and Gene Testing and Diagnosis
The acquiring of the DNA Research Institute from KPNL Co. Ltd broaden the Company's core competency in DNA and Gene testing and diagnosis, which enhances their competitive edge in the rich cosmetic markets and preventive medicine industry. The research in pharmaceutical cosmetics allows Clinicares to enter the rapidly growing cosmetic medical treatment field including skin care clinics.
WEBSITE: www.clinicares.com
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Due to the size of the Chinese market and the anticipated demand for their products and services, Clinicares forecasts a significant increase in sales once established in China.
Clinicares will start the interior construction of their examining center facility in the Beijing Hospital by the end of the month and expects operations to begin within six months.
About Clinicares
Micro Roller and Peptide Product line:
With the conventional application of creams, gels or lotions only a fraction (less than 0.5%) of their active substances can penetrate the epidermal barrier (99.5% is lost). The upper skin layer (epidermis) consists of several layers and their structure is like a brick-wall.
The Clinicares Micro Roller, studded with nearly 200 extreme fine needles of medical grade stainless steel with a tip length of 0.2mm, is the latest revolutionary cosmeceutical tool in skin care treatments. When applied to the surface of the skin, it creates deep micro channels in the layer of dead cells that normally protects the skin. These enable the active ingredients of peptide-based products to penetrate more deeply and in greater quantities than simply applying the preparation to the surface.
The "Soft" Alternative for all Common Laser & Peeling Methods:
CTS (Clinicares Treatment Solutions) is a procedure, which stimulates the skin to produce a new collagen formation, thereby reducing wrinkles and improving skin texture. Clinicares Micro Roller is used to produce many microscopic channels in the skin, which stimulate your own body to produce new collagen. These channels improve (1000 times) the penetration of the highest concentration of peptides, vitamin creams, or any other liposomal serums. The Clinicares' peptide products, especially formulated to work with the Clinicares Micro Roller, stimulate skin renewal, which allows the skin to appear fresher, younger and with dramatically reduce fine lines and wrinkles. Clinicares Treatment Solutions (CTS) are longer lasting compared to artificial injected collagen.
DNA and Gene Testing and Diagnosis
The acquiring of the DNA Research Institute from KPNL Co. Ltd broaden the Company's core competency in DNA and Gene testing and diagnosis, which enhances their competitive edge in the rich cosmetic markets and preventive medicine industry. The research in pharmaceutical cosmetics allows Clinicares to enter the rapidly growing cosmetic medical treatment field including skin care clinics.
WEBSITE: www.clinicares.com
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Pure H20 to Construct Mobile Treatment Plant
RENO, Nev.--(BUSINESS WIRE)--Pure H2O, Inc. (PINKSHEETS: PURH - News), a provider of novel water and wastewater treatment systems, is pleased to announce that in has decided to construct a mobile wastewater treatment plant for the purposes of demonstrating the flexibility and capability of its treatment processes.
Company Secretary, Harvey Panesar commented that "The potential wastewater and impure water applications that our novel treatment processes can be utilized for is actually quite astounding. We have recently had a number of very serious inquiries about using our technology for treatment of mining retention and tailings ponds. These inquires have convinced us that in order to capitalize on this exciting technology in a timely manner that we must construct a mobile treatment plant capable of processing significant volumes of wastewater."
The mobile treatment plant will be capable of treating a variety of different wastewaters allowing on-site testing for approximately a two-week period. The testing will demonstrate the efficacy of Pure's solutions, allowing it then move on to the next potential customer and application. Mr. Panesar concluded, "We believe that demand will be high for our treatment solutions."
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.PureH2Oinc.net.
About PureH2O, Inc.:
Pure H2O, Inc. (PINKSHEETS: PURH - News) is a US corporation which provides end-to-end consultation, design, implementation, and sales of technical solutions for clients with problem water. Pure H2O provides a full-service program that includes comprehensive application development, integrated storage and dosing equipment, chemical inventory supply and management as well as ongoing field and technical operations support. The Companies objective is to provide every client with cost effective and value added full-service solutions to meet their water quality control needs.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Company Secretary, Harvey Panesar commented that "The potential wastewater and impure water applications that our novel treatment processes can be utilized for is actually quite astounding. We have recently had a number of very serious inquiries about using our technology for treatment of mining retention and tailings ponds. These inquires have convinced us that in order to capitalize on this exciting technology in a timely manner that we must construct a mobile treatment plant capable of processing significant volumes of wastewater."
The mobile treatment plant will be capable of treating a variety of different wastewaters allowing on-site testing for approximately a two-week period. The testing will demonstrate the efficacy of Pure's solutions, allowing it then move on to the next potential customer and application. Mr. Panesar concluded, "We believe that demand will be high for our treatment solutions."
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.PureH2Oinc.net.
About PureH2O, Inc.:
Pure H2O, Inc. (PINKSHEETS: PURH - News) is a US corporation which provides end-to-end consultation, design, implementation, and sales of technical solutions for clients with problem water. Pure H2O provides a full-service program that includes comprehensive application development, integrated storage and dosing equipment, chemical inventory supply and management as well as ongoing field and technical operations support. The Companies objective is to provide every client with cost effective and value added full-service solutions to meet their water quality control needs.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Friday, May 18, 2007
Pure H20 Enters Negotiations for Leading Edge Patent and Technology Rights
RENO, Nev.--(BUSINESS WIRE)--Pure H2O, Inc. (PINKSHEETS: PURH - News), a provider of novel water and wastewater treatment systems, is pleased to announce that it has entered into substantive negotiations to acquire the impure water treatment technologies of H20 Innovations Inc. (H20) and CMS Inc. H20 has been developing and commercializing water and impure water treatment systems for a number of years in a variety of industries, specializing on the agricultural, oil and gas and mining industries.
Company Secretary, Harvey Panesar commented that "I stayed on as a transitional director and officer and the learning curve has been steep but it has sure been worth the time. We are so excited about the possible applications of this novel and cost effective technology. H20 has shown that it can significantly increase agricultural production in dairy and livestock while decreasing overall animal husbandry costs on a very cost effective basis." Mr. Panesar went on to say that "we have made numerous contacts in the industry as of late and the acquisition of the H20 and CMS technologies will add nicely to our current portfolio of water solutions. We are particularly enthusiastic about the possibilities for this technology in the mining industry given the companies recent positive preliminary testing on mining retention and tailings ponds."
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.PureH2Oinc.net.
About PureH2O, Inc.:
Pure H2O, Inc. (PINKSHEETS: PURH - News) is a US corporation which provides end-to-end consultation, design, implementation, and sales of technical solutions for clients with problem water. Pure H2O provides a full-service program that includes comprehensive application development, integrated storage and dosing equipment, chemical inventory supply and management as well as ongoing field and technical operations support. The Companies objective is to provide every client with cost effective and value added full-service solutions to meet their water quality control needs.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Company Secretary, Harvey Panesar commented that "I stayed on as a transitional director and officer and the learning curve has been steep but it has sure been worth the time. We are so excited about the possible applications of this novel and cost effective technology. H20 has shown that it can significantly increase agricultural production in dairy and livestock while decreasing overall animal husbandry costs on a very cost effective basis." Mr. Panesar went on to say that "we have made numerous contacts in the industry as of late and the acquisition of the H20 and CMS technologies will add nicely to our current portfolio of water solutions. We are particularly enthusiastic about the possibilities for this technology in the mining industry given the companies recent positive preliminary testing on mining retention and tailings ponds."
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.PureH2Oinc.net.
About PureH2O, Inc.:
Pure H2O, Inc. (PINKSHEETS: PURH - News) is a US corporation which provides end-to-end consultation, design, implementation, and sales of technical solutions for clients with problem water. Pure H2O provides a full-service program that includes comprehensive application development, integrated storage and dosing equipment, chemical inventory supply and management as well as ongoing field and technical operations support. The Companies objective is to provide every client with cost effective and value added full-service solutions to meet their water quality control needs.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Tuesday, May 15, 2007
SoftNet's Small-Medium Business Practice Positioned for National Play
ISELIN, N.J., May 15, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTC BB:STTC.OB - News) (German WKN:TG6) announced that the Company's SMB team has made significant technological enhancements that will allow for a nationwide roll-out sooner than anticipated.
SoftNet's SMB business, based in Atlanta, Ga., provides a wide array of IT services to small and medium-sized businesses, including customized server configured to the client's needs, monitoring services, security and data protection, data back-up and business continuity plans. The business is most recognized for the RightStart, RightTrack and RightCare Solutions currently offered through a major electronics retailer and on a direct sale basis.
The SMB team has successfully developed; pilot tested and implemented a fully automated activation process. This allows customers to set up a pre-configured server and request activation which is done on a remote basis from the Company's Network Operations Center (NOC) in Georgia.
``This is a significant development for SoftNet. The Company can now offer the RightStart server and solutions to any potential business user anywhere in the U.S. that has Internet access. Additionally, it eliminates the need for costly on site start-up assistance, with savings and efficiency improvements for both the Company and the customer,'' reported Steve Henry - VP SMB Practice.
Interested parties can learn more about the RightStart HP server and Solutions by accessing the SMB web site at: http://www.softnettechnology.com/tcc/Network_Small_Businessnew05.htm
Please visit our website at http://www.softnettechnology.com for more information. For Investor Relations, please contact James Booth, CEO, at 908-212-1799, option 7.
To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
SoftNet's SMB business, based in Atlanta, Ga., provides a wide array of IT services to small and medium-sized businesses, including customized server configured to the client's needs, monitoring services, security and data protection, data back-up and business continuity plans. The business is most recognized for the RightStart, RightTrack and RightCare Solutions currently offered through a major electronics retailer and on a direct sale basis.
The SMB team has successfully developed; pilot tested and implemented a fully automated activation process. This allows customers to set up a pre-configured server and request activation which is done on a remote basis from the Company's Network Operations Center (NOC) in Georgia.
``This is a significant development for SoftNet. The Company can now offer the RightStart server and solutions to any potential business user anywhere in the U.S. that has Internet access. Additionally, it eliminates the need for costly on site start-up assistance, with savings and efficiency improvements for both the Company and the customer,'' reported Steve Henry - VP SMB Practice.
Interested parties can learn more about the RightStart HP server and Solutions by accessing the SMB web site at: http://www.softnettechnology.com/tcc/Network_Small_Businessnew05.htm
Please visit our website at http://www.softnettechnology.com for more information. For Investor Relations, please contact James Booth, CEO, at 908-212-1799, option 7.
To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Friday, May 11, 2007
New Wave and Playstar engage in final discussions to merge and create a dominant worldwide SMS corporation
TORONTO, May 11 /PRNewswire-FirstCall/ - New Wave Media Inc. (OTC: NWWV.PK - News) - is pleased to announce the framework for an agreement with Playstar Corp. (OTC: PLYCF.PK - News) to merge the 2 entities. Playstar shareholders will receive .8 of a share and New Wave shareholders 1 full share in the merged entity
The merged entity would fall under the New Wave umbrella and all financial audited statements of New Wave would be filed and the merged entity will file for an OTCBB listing once all paperwork is complete. Once the merger is complete the new entity will have a corporate structure of 334 million shares outstanding. There will be a shareholder meeting to increase the authorized to 400 million with no further increase needed for the foreseeable future. An Executive Stock Options Plan, Warrants, and a Performance Based Options Plan will also be announced after the merger is complete.
Stewart Garner, President of Playstar stated: "These are exciting times upon us, what we have created is the ability to take Playstar's multiple proprietary platforms and merge it with New Wave's joint venture partners throughout the world and create a substantial player in this growing sector. This merged entity will be worked on by our lawyers and we aim to close in the next 60 days. A New Wave, Playstar merger would allow both companies to operate under one roof resulting in streamlined processes, shared resources and a reduction in overhead."
When asked to comment on the merger Marc Askenasi, President of WagerPhone Inc. stated: "The ability to expand our global reach by adding new products to our portfolio is a great opportunity for our company. The New Wave, Playstar merger will assist us in achieving our financial and strategic growth objectives."
Any new developments within either corporation will be released jointly. Both corporations continue to work on business development and acquisition opportunities and look forward to sharing these developments in the near future.
New Wave Media Inc. currently has 137,000,000 restricted and 117,000,000 free trading shares for a total of 254,000,000 and the transfer agent is Transfer Online of Portland, Oregon. Total authorized is 260,000,000 shares. Playstar Corp. also uses Transfer Online and its authorized and issued is 100,000,000.
This press release contains 'forward looking' statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in New Wave Mobile reports that will be on file with the US Securities and Exchange Commission.
The merged entity would fall under the New Wave umbrella and all financial audited statements of New Wave would be filed and the merged entity will file for an OTCBB listing once all paperwork is complete. Once the merger is complete the new entity will have a corporate structure of 334 million shares outstanding. There will be a shareholder meeting to increase the authorized to 400 million with no further increase needed for the foreseeable future. An Executive Stock Options Plan, Warrants, and a Performance Based Options Plan will also be announced after the merger is complete.
Stewart Garner, President of Playstar stated: "These are exciting times upon us, what we have created is the ability to take Playstar's multiple proprietary platforms and merge it with New Wave's joint venture partners throughout the world and create a substantial player in this growing sector. This merged entity will be worked on by our lawyers and we aim to close in the next 60 days. A New Wave, Playstar merger would allow both companies to operate under one roof resulting in streamlined processes, shared resources and a reduction in overhead."
When asked to comment on the merger Marc Askenasi, President of WagerPhone Inc. stated: "The ability to expand our global reach by adding new products to our portfolio is a great opportunity for our company. The New Wave, Playstar merger will assist us in achieving our financial and strategic growth objectives."
Any new developments within either corporation will be released jointly. Both corporations continue to work on business development and acquisition opportunities and look forward to sharing these developments in the near future.
New Wave Media Inc. currently has 137,000,000 restricted and 117,000,000 free trading shares for a total of 254,000,000 and the transfer agent is Transfer Online of Portland, Oregon. Total authorized is 260,000,000 shares. Playstar Corp. also uses Transfer Online and its authorized and issued is 100,000,000.
This press release contains 'forward looking' statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in New Wave Mobile reports that will be on file with the US Securities and Exchange Commission.
Wednesday, May 2, 2007
SoftNet Technology Sets Record Month, Reports Q1 Preliminary Results
ISELIN, N.J., May 2, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corporation (OTC BB:STTC.OB - News) (German WKN:TG6) is pleased to report, on an un-audited and preliminary basis, results for the first quarter, 2007 and a monthly revenue record achieved in March.
Sales generated from all channels and practices contributed to a new monthly sales record of $836,400 for March. This equates to a $10 million annual run rate, based on the monthly results. In addition, preliminary estimates indicate the Company will report further progress in its effort to achieve profitability.
``The Company continues to make progress on all financial metrics. The record March is a milestone the employee team is proud of. All practices contributed to these results. Even with a calendar uplift for the month the results indicate a solid performance. On the profitability goal the Company is clearly progressing and is within striking distance,'' said Jim Booth-CEO.
The Company recorded, preliminarily, sales of $2,084,000 for Q1, 2007. This compares very favorably to the same period in 2006 when the Company reported quarterly revenue of $1,093,500. This is the first reporting period where a comparison of year to year continuing operations is possible.
Commenting on the Q1 results Mr. Booth reported: ``The first quarter results continued the sales trend established last year and is the fifth consecutive quarter of increased revenue. The Company was pleased with the strong finish as the early months are traditionally slower due to the uncertainty of budgets and projects being renewed. While the Company did experience a limited number of project cancellations, new clients, projects and engagements were secured, contributing to the overall results of the quarter.''
Please visit our website at http://www.softnettechnology.com for more information. For Investor Relations, please contact James Booth, CEO, at 908-212-1799, option 7.
To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp. (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Sales generated from all channels and practices contributed to a new monthly sales record of $836,400 for March. This equates to a $10 million annual run rate, based on the monthly results. In addition, preliminary estimates indicate the Company will report further progress in its effort to achieve profitability.
``The Company continues to make progress on all financial metrics. The record March is a milestone the employee team is proud of. All practices contributed to these results. Even with a calendar uplift for the month the results indicate a solid performance. On the profitability goal the Company is clearly progressing and is within striking distance,'' said Jim Booth-CEO.
The Company recorded, preliminarily, sales of $2,084,000 for Q1, 2007. This compares very favorably to the same period in 2006 when the Company reported quarterly revenue of $1,093,500. This is the first reporting period where a comparison of year to year continuing operations is possible.
Commenting on the Q1 results Mr. Booth reported: ``The first quarter results continued the sales trend established last year and is the fifth consecutive quarter of increased revenue. The Company was pleased with the strong finish as the early months are traditionally slower due to the uncertainty of budgets and projects being renewed. While the Company did experience a limited number of project cancellations, new clients, projects and engagements were secured, contributing to the overall results of the quarter.''
Please visit our website at http://www.softnettechnology.com for more information. For Investor Relations, please contact James Booth, CEO, at 908-212-1799, option 7.
To stay abreast of what's happening at SoftNet, subscribe for our new monthly newsletter at http://www.softnettechnology.com/tcc/Newsletter.htm.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp. (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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