CLEARWATER, FLORIDA--(Marketwire - 10/29/10) - Eline Entertainment Group Inc. (PINK SHEETS:EEGI - News)(www.elineentertainment.com), is pleased to announce its completed merger with Let The Good Times Roll, Inc.
Let The Good Times Roll, Inc. ("LTGTR") (www.goodtimespartybus.com) is a luxury transportation company incorporated in Delaware with its base of operations in Florida.
Since its inception in 1996, the company has provided the Tampa Bay area with the premier "party on wheels" experience, servicing bachelor/bachelorette parties, corporate outings, charter trips and more. LTGTR's fleet of buses and limousines offers trips that run about five hours with stops available at various local nightclubs and hot spots. The vehicles in the LTGTR fleet offer the "in the club" feel, with a lighted bar with bartender, audio/visual equipment, dance poles, restrooms and state-of-the-art lighting effects.
Debra Davis, President of LTGTR states, "We are excited about becoming part of EEGI. We are confident that with our new software and technology in the works, we will be able to expand significantly beyond the Tampa Bay private charter company into a large luxury transportation company."
Ms. Davis has an extensive background in multinational enterprise and development, with over twenty (20) years experience in executive management. She will begin her leadership by making immediate changes to the Company's corporate image, streamlining financials, and instilling a deep commitment to the highest level of customer care.
More details will follow shortly including appointments of additional officers and directors to EEGI.
About Mina Mar Group:
Mina Mar Group pioneered the "Go Public Free" program, the first firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit www.minamargroup.com/ice to learn more.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded company's full array of services such as Investor Relations and maintenance investor awareness.
To be included in company's email database for press releases, "Friday Tips", industry updates, and company activity that may or may not be news released, please subscribe for opt-in mailer at www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Eline Entertainment Group, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Eline Entertainment Group, Inc. cautions you that any forward-looking information provided by or on behalf of Eline Entertainment Group, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Eline Entertainment Group, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Eline Entertainment Group, Inc.'s control. In addition to those discussed in Eline Entertainment Group, Inc.'s press releases, public filings, and statements by Eline Entertainment Group, Inc.'s management, including, but not limited to, Eline Entertainment Group, Inc.'s estimate of the sufficiency of its existing capital resources, Eline Entertainment Group, Inc.'s ability to raise additional capital to fund future operations, Eline Entertainment Group, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Eline Entertainment Group, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Eline Entertainment Group, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Sunday, October 31, 2010
Friday, October 22, 2010
Cono Italiano, Inc. and Carte Blanche Develop Cone Holder and Cooking Device for Pizza Cono for High Speed Efficiency Ovens
RED BANK, NJ--(Marketwire - 10/21/10) - Cono Italiano, Inc. (OTC.BB:CNOZ - News), the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono," a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough, is pleased to announce their alliance with Carte Blanche, a manufacturer of "Crossfilm Cookware" for high efficiency ovens.
Cono Italiano, Inc. and Carte Blanche, the manufacturer of Crossfilm Cookware, have developed a cooking apparatus and cone holder to prepare pizza cones and breakfast cones (egg and cheese) in high speed efficiency ovens. The material used in this process is a Polytetrafluorethylene (PFTE) composite, which is approved by the Food and Drug Administration(FDA) and designed specifically for food contact. Mitchell Brown, CEO of Cono Italiano, Inc., has stated, "The development of this device will be instrumental in the launch of the Pizza cone into the QSRs (Quick Service Restaurants) and Convenience stores. It will allow the consumer to purchase our product at store level using fresh ingredients, at the same time maintaining the integrity of the product a fresh crisp and crunchy dough." Crossfilm Cooking products are capable of being used in temperatures ranging from -100 degrees F (-73 degrees C) to 600 degrees F (316 degrees C),they are grease resistant, non stick and dishwasher safe. Unlike other brands, there is no mechanical reinforcement such as fiberglass in the food zone, eliminating potential food contamination during extended use. As it wears it exposes a new PTFE surface insuring "sustained FDA compliance."
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
Cono Italiano, Inc. and Carte Blanche, the manufacturer of Crossfilm Cookware, have developed a cooking apparatus and cone holder to prepare pizza cones and breakfast cones (egg and cheese) in high speed efficiency ovens. The material used in this process is a Polytetrafluorethylene (PFTE) composite, which is approved by the Food and Drug Administration(FDA) and designed specifically for food contact. Mitchell Brown, CEO of Cono Italiano, Inc., has stated, "The development of this device will be instrumental in the launch of the Pizza cone into the QSRs (Quick Service Restaurants) and Convenience stores. It will allow the consumer to purchase our product at store level using fresh ingredients, at the same time maintaining the integrity of the product a fresh crisp and crunchy dough." Crossfilm Cooking products are capable of being used in temperatures ranging from -100 degrees F (-73 degrees C) to 600 degrees F (316 degrees C),they are grease resistant, non stick and dishwasher safe. Unlike other brands, there is no mechanical reinforcement such as fiberglass in the food zone, eliminating potential food contamination during extended use. As it wears it exposes a new PTFE surface insuring "sustained FDA compliance."
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
Sunday, October 17, 2010
Axia Group (AGIJ) CEO Address and Shareholder Update
OTTAWA, ONTARIO--(Marketwire - 10/15/10) - Axia Group Inc.'s (PINK SHEETS:AGIJ - News) (www.axiacorporation.com) CEO Michael Arnkvarn informs Axia Group shareholders of the latest developments pertaining to its activities.
Axia Group, Inc. (AGIJ) has completed the purchase of Collagenna Skin Care Products and a new management team has been put in place. The Axia CEO, Michael Arnkvarn stated, "We have updated the Pink Sheets' records with our new securities law firm and other relevant info. In the last few days we have been able to upgrade our status on Pink Sheets and the "STOP" ranking has been removed. The stock is now freely available to be traded on major trading houses.
In other news, we have started cooperation with Mina Mar Marketing Group as our Investors Relations (IR) team and Mina Mar Group to look after mergers and acquisitions (MA). As far as potential mergers are concerned, we have been presented a few potential partners, which are currently under evaluation. Shareholders will be advised of any developments as they unfold.
Collagenna Skin Care Products continues to build its business around the world and we are currently in discussions with several distribution partners who will allow us to increase our revenues. We are looking forward to this new adventure and we are very excited about the future of this corporation."
The Axia Group website has also been updated at www.axiacorporation.com. More updates will be furnished by the company shortly and frequently.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first "Go Public Free" program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit www.minamargroup.com/ice to learn more and www.stockbasher.com to participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Axia Group, Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group, Inc.'s control. In addition to those discussed in Axia Group, Inc.'s press releases, public filings, and statements by Axia Group, Inc.'s management, including, but not limited to, Axia Group, Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group, Inc.'s ability to raise additional capital to fund future operations, Axia Group, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Axia Group, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Axia Group, Inc. (AGIJ) has completed the purchase of Collagenna Skin Care Products and a new management team has been put in place. The Axia CEO, Michael Arnkvarn stated, "We have updated the Pink Sheets' records with our new securities law firm and other relevant info. In the last few days we have been able to upgrade our status on Pink Sheets and the "STOP" ranking has been removed. The stock is now freely available to be traded on major trading houses.
In other news, we have started cooperation with Mina Mar Marketing Group as our Investors Relations (IR) team and Mina Mar Group to look after mergers and acquisitions (MA). As far as potential mergers are concerned, we have been presented a few potential partners, which are currently under evaluation. Shareholders will be advised of any developments as they unfold.
Collagenna Skin Care Products continues to build its business around the world and we are currently in discussions with several distribution partners who will allow us to increase our revenues. We are looking forward to this new adventure and we are very excited about the future of this corporation."
The Axia Group website has also been updated at www.axiacorporation.com. More updates will be furnished by the company shortly and frequently.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first "Go Public Free" program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit www.minamargroup.com/ice to learn more and www.stockbasher.com to participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Axia Group, Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group, Inc.'s control. In addition to those discussed in Axia Group, Inc.'s press releases, public filings, and statements by Axia Group, Inc.'s management, including, but not limited to, Axia Group, Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group, Inc.'s ability to raise additional capital to fund future operations, Axia Group, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Axia Group, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Wednesday, October 13, 2010
Cono Italiano's Pizza Cone Lands on Top 10 List at Delish.com
RED BANK, NJ--(Marketwire - 10/13/10) - Cono Italiano, Inc. (OTC.BB:CNOZ - News) the exclusive license holder for the North American Distribution and Manufacturing rights of "Pizza Cono", a one-of-a kind, cone-shaped pizza, has been named as one of the "Top 10 Most Unusual State Fair Foods" by Delish.com. It was at the Indiana State Fair where Cono Italiano's delicious and nutritious pizza cone was discovered. Here's what Delish.com had to say:
"This tidy, highly portable riff on the pizza slice consists of a cone-shaped pizza crust filled with cheese, pepperoni, sausage, and Red Gold® tomato sauce, all baked in an oven. And just like an ice cream cone, the cheesy treat comes wrapped in its own paper sleeve for on-the-go handheld ease."
In related news, Cono Italiano's pizza cone craze recently caught on with the readers of USA Today in an article titled, "Have You Ever Had a Pizza Cone?"
"The growing attention and enthusiasm the pizza cone is receiving validates that food lovers are ready to eat one of their favorite foods in a delicious, nutritious and drip-free manner," said Mitchell Brown, CEO, Cono Italiano. "We're delighted to bring the pizza cone to market under a variety of different flavors and varieties to suit the most discerning taste buds."
About Cono Italiano, Inc.:
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
For further information please visit www.conoitaliano.com
"This tidy, highly portable riff on the pizza slice consists of a cone-shaped pizza crust filled with cheese, pepperoni, sausage, and Red Gold® tomato sauce, all baked in an oven. And just like an ice cream cone, the cheesy treat comes wrapped in its own paper sleeve for on-the-go handheld ease."
In related news, Cono Italiano's pizza cone craze recently caught on with the readers of USA Today in an article titled, "Have You Ever Had a Pizza Cone?"
"The growing attention and enthusiasm the pizza cone is receiving validates that food lovers are ready to eat one of their favorite foods in a delicious, nutritious and drip-free manner," said Mitchell Brown, CEO, Cono Italiano. "We're delighted to bring the pizza cone to market under a variety of different flavors and varieties to suit the most discerning taste buds."
About Cono Italiano, Inc.:
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
For further information please visit www.conoitaliano.com
Cono Italiano's Pizza Cone Craze Catches on With USA Today Readers
RED BANK, NJ--(Marketwire - 10/12/10) - Cono Italiano, Inc. (OTC.BB:CNOZ - News), the exclusive license holder for the North American Distribution and Manufacturing rights for "Pizza Cono," a one-of-a-kind, drip-free, cone-shaped pizza made from proprietary dough, was recently highlighted in a USA Today article titled, "Have You Ever Had a Pizza Cone?"
As Cono Italiano gears up to meet the massive demand for its delicious, nutritious and versatile pizza cone product, a handful of lucky retail destinations, like Pino Gelato in Hilton Head, SC sell the popular pizza cone. As the USA Today article explains, "The Pino Gelato website says the cones are a recent menu addition at some of the nine Pino Gelatos in the USA and that they have been available in Italy and parts of Asia. The cone is a special flaky dough with a sealed bottom that is filled with a variety of ingredients, such as cheese, sauce and toppings. The individual cones are prepared fresh daily and baked in a special pizza cone oven. The appeal is that you can eat them with one hand and they are designed not to leak."
"We're a society that eats on the go and drives while we eat," said Ramona Fantini, owner of Pino Gelato. Fantini knows of other places that offer different pizza cones but says hers are based on the authentic creation from Italian company Cono Italiano. Fantini also reminds USA Today readers that "cones can be stuffed with pizza toppings, cheese -- even barbecue or caesar salad."
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
As Cono Italiano gears up to meet the massive demand for its delicious, nutritious and versatile pizza cone product, a handful of lucky retail destinations, like Pino Gelato in Hilton Head, SC sell the popular pizza cone. As the USA Today article explains, "The Pino Gelato website says the cones are a recent menu addition at some of the nine Pino Gelatos in the USA and that they have been available in Italy and parts of Asia. The cone is a special flaky dough with a sealed bottom that is filled with a variety of ingredients, such as cheese, sauce and toppings. The individual cones are prepared fresh daily and baked in a special pizza cone oven. The appeal is that you can eat them with one hand and they are designed not to leak."
"We're a society that eats on the go and drives while we eat," said Ramona Fantini, owner of Pino Gelato. Fantini knows of other places that offer different pizza cones but says hers are based on the authentic creation from Italian company Cono Italiano. Fantini also reminds USA Today readers that "cones can be stuffed with pizza toppings, cheese -- even barbecue or caesar salad."
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
Monday, October 11, 2010
Cono Italiano Featured on CEOCFO
RED BANK, NJ--(Marketwire - 10/11/10) - Cono Italiano, Inc. (OTC.BB:CNOZ - News), the exclusive license holder for the North American Distribution and Manufacturing rights of "pizza cono," a one-of-a kind, cone-shaped pizza, is pleased to announce being featured on CEOCFO to discuss the future of the company.
Retail
Specialty Restaurants
(OTC.BB:CNOZ - News)
Cono Italiano, Inc.
10 Main Street
Keyport, NJ 07735
Phone: 1-877-330-2666
Mitchell Brown
Chief Executive Officer
Company Profile:
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas.
Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published - September 22, 2010
CEOCFO: Mr. Brown, what is the concept behind Cono Italiano?
Mr. Brown: Cono Italiano is a cone-shaped pizza product designed to be consumed on the go.
CEOCFO: How do you get pizza in the cone so that it doesn't drip?
Mr. Brown: With our Pizza Cone the bottom is sealed off and a rounded bottom that is designed to be drip-free. So it is filled with cheese and sauce, layered to the top, and it prevents any spilling or dripping from the bottom of the cone.
We use a low-fat mozzarella cheese, which prevents the oil from building up like the regular mozzarella cheese, which prevents the cone from having a drip or spilling. Therefore, when you bake it, it forms together with the cheese and the sauce.
CEOCFO: Where is Cono in the commercialization process?
Mr. Brown: We are presently developing our Cones in a bakery in Brooklyn, New York. These are empty cones that are being filled with fresh ingredients from the licenses that we currently have. In the next sixty to ninety days we will be filling cones at a manufacturing plant, to be sold in a retail package. The ingredients will be filled inside of the cone, packaged, and frozen. Then they will be sold to convenience stores and supermarkets.
CEOCFO: It is usually quite difficult to get shelf space; how will you overcome that?
Mr. Brown: We have had preliminary meetings with a few convenience stores, but we have not secured any shelf space as of yet. The fact is that we do not have a finished product yet, but we feel confident that with the uniqueness of the product, and the reception that we received, the retailers will be very receptive to what we have to offer.
CEOCFO: You also expect to be doing this through quick service restaurants?
Mr. Brown: We hope to have some of the quick service restaurants use the product as part of the menu items. We can fill our cones with various types of ingredients, not just pizza but egg and cheese, meatballs, tacos, and vegetables. All various types of foods can be consumed using this product.
CEOCFO: How does your product compare to the wraps that are out there?
Mr. Brown: Wraps have been around for a while, but our cone has less sodium and less calories. In addition, it is a closed vessel, which allows the food to be inside the cone and prevents food from dropping out.
CEOCFO: How long did it take to develop the concept?
Mr. Brown: The product was developed in 2001 in Italy. In 2008, I purchased the North American rights and have been doing my own R&D for the last two years. I've been working on how to cook it, prepare it, and manufacture it.
CEOCFO: How are you driving attention to the product today, and how do you plan to do it as you go forward?
Mr. Brown: We have had several publications write stories on us. We were featured in the New York Times, and we did a taste test for AOL that was written up on Slashfood. In addition, the company is releasing news releases on a weekly basis nationally.
CEOCFO: What is the financial picture like for Cono Italiano today?
Mr. Brown: The company was privately financed to this point. We are now a publicly traded company under the ticker symbol CNOZ, and we are going out to secure financing to take us to the next level.
CEOCFO: Are people excited by the concept?
Mr. Brown: They are excited about it. The reception has been phenomenal. In a short period of time we have had several inquiries; we have several new customers. It is just starting to catch on here in the United States.
CEOCFO: You have the North American rights, but where exactly will you be rolling your Pizza Cones out?
Mr. Brown: Our rights include the United States, Mexico, and Canada. We are located in New York and will be rolling out to the customers in our region, but we will be going national. The product can be sold in stores such as Target, Costco, Walmart; any box store that sells frozen food or convenience stores that sell frozen or prepared food.
CEOCFO: What is your distribution strategy?
Mr. Brown: The company will be using food distributors and selling direct to the National and Regional supermarkets and Convenience stores.
CEOCFO: Will they all be filled or will you be selling the cones as well?
Mr. Brown: The cones will be offered both ways, filled and unfilled. Some customers may prefer to fill it with fresh ingredients, but our business model is based on a filled cone sold frozen.
CEOCFO: Do you have your team in place?
Mr. Brown: We have individuals in place for the initial launch, but we will need to bring on additional people to grow the brand.
CEOCFO: Why is Cono Italiano a good investment for potential investors?
Mr. Brown: Cono Italiano is a new company, with a new concept that is being introduced into the market, although it has been available in Europe for the last 9 years. We are introducing a new and unique way to consume food while on the go. We all know what happened when the wrap was introduced; we believe we can become the next wrap.
CEOCFO: Do you have franchises and licenses that you are selling as well?
Mr. Brown: We have five licenses located in Pittsburgh, Virginia, Ohio and Tennessee. They presently sell the product and buy empty shells and fill them with fresh ingredients.
CEOCFO: So you are off to a good start!
Mr. Brown: Yes, we feel we are moving in the right direction. We have laid the groundwork and the foundation the last two years to build the company and roll out the product.
Cono Italiano is a new company, with a new concept that is being introduced into the market, although it has been available in Europe for the last 9 years. We are introducing a new and unique way to consume food while on the go. We all know what happened when the wrap was introduced; we believe we can become the next wrap. - Mitchell Brown
About Cono Italiano, Inc.:
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. For more information please visit www.conoitaliano.com
http://www.ceocfointerviews.com/
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
Retail
Specialty Restaurants
(OTC.BB:CNOZ - News)
Cono Italiano, Inc.
10 Main Street
Keyport, NJ 07735
Phone: 1-877-330-2666
Mitchell Brown
Chief Executive Officer
Company Profile:
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas.
Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published - September 22, 2010
CEOCFO: Mr. Brown, what is the concept behind Cono Italiano?
Mr. Brown: Cono Italiano is a cone-shaped pizza product designed to be consumed on the go.
CEOCFO: How do you get pizza in the cone so that it doesn't drip?
Mr. Brown: With our Pizza Cone the bottom is sealed off and a rounded bottom that is designed to be drip-free. So it is filled with cheese and sauce, layered to the top, and it prevents any spilling or dripping from the bottom of the cone.
We use a low-fat mozzarella cheese, which prevents the oil from building up like the regular mozzarella cheese, which prevents the cone from having a drip or spilling. Therefore, when you bake it, it forms together with the cheese and the sauce.
CEOCFO: Where is Cono in the commercialization process?
Mr. Brown: We are presently developing our Cones in a bakery in Brooklyn, New York. These are empty cones that are being filled with fresh ingredients from the licenses that we currently have. In the next sixty to ninety days we will be filling cones at a manufacturing plant, to be sold in a retail package. The ingredients will be filled inside of the cone, packaged, and frozen. Then they will be sold to convenience stores and supermarkets.
CEOCFO: It is usually quite difficult to get shelf space; how will you overcome that?
Mr. Brown: We have had preliminary meetings with a few convenience stores, but we have not secured any shelf space as of yet. The fact is that we do not have a finished product yet, but we feel confident that with the uniqueness of the product, and the reception that we received, the retailers will be very receptive to what we have to offer.
CEOCFO: You also expect to be doing this through quick service restaurants?
Mr. Brown: We hope to have some of the quick service restaurants use the product as part of the menu items. We can fill our cones with various types of ingredients, not just pizza but egg and cheese, meatballs, tacos, and vegetables. All various types of foods can be consumed using this product.
CEOCFO: How does your product compare to the wraps that are out there?
Mr. Brown: Wraps have been around for a while, but our cone has less sodium and less calories. In addition, it is a closed vessel, which allows the food to be inside the cone and prevents food from dropping out.
CEOCFO: How long did it take to develop the concept?
Mr. Brown: The product was developed in 2001 in Italy. In 2008, I purchased the North American rights and have been doing my own R&D for the last two years. I've been working on how to cook it, prepare it, and manufacture it.
CEOCFO: How are you driving attention to the product today, and how do you plan to do it as you go forward?
Mr. Brown: We have had several publications write stories on us. We were featured in the New York Times, and we did a taste test for AOL that was written up on Slashfood. In addition, the company is releasing news releases on a weekly basis nationally.
CEOCFO: What is the financial picture like for Cono Italiano today?
Mr. Brown: The company was privately financed to this point. We are now a publicly traded company under the ticker symbol CNOZ, and we are going out to secure financing to take us to the next level.
CEOCFO: Are people excited by the concept?
Mr. Brown: They are excited about it. The reception has been phenomenal. In a short period of time we have had several inquiries; we have several new customers. It is just starting to catch on here in the United States.
CEOCFO: You have the North American rights, but where exactly will you be rolling your Pizza Cones out?
Mr. Brown: Our rights include the United States, Mexico, and Canada. We are located in New York and will be rolling out to the customers in our region, but we will be going national. The product can be sold in stores such as Target, Costco, Walmart; any box store that sells frozen food or convenience stores that sell frozen or prepared food.
CEOCFO: What is your distribution strategy?
Mr. Brown: The company will be using food distributors and selling direct to the National and Regional supermarkets and Convenience stores.
CEOCFO: Will they all be filled or will you be selling the cones as well?
Mr. Brown: The cones will be offered both ways, filled and unfilled. Some customers may prefer to fill it with fresh ingredients, but our business model is based on a filled cone sold frozen.
CEOCFO: Do you have your team in place?
Mr. Brown: We have individuals in place for the initial launch, but we will need to bring on additional people to grow the brand.
CEOCFO: Why is Cono Italiano a good investment for potential investors?
Mr. Brown: Cono Italiano is a new company, with a new concept that is being introduced into the market, although it has been available in Europe for the last 9 years. We are introducing a new and unique way to consume food while on the go. We all know what happened when the wrap was introduced; we believe we can become the next wrap.
CEOCFO: Do you have franchises and licenses that you are selling as well?
Mr. Brown: We have five licenses located in Pittsburgh, Virginia, Ohio and Tennessee. They presently sell the product and buy empty shells and fill them with fresh ingredients.
CEOCFO: So you are off to a good start!
Mr. Brown: Yes, we feel we are moving in the right direction. We have laid the groundwork and the foundation the last two years to build the company and roll out the product.
Cono Italiano is a new company, with a new concept that is being introduced into the market, although it has been available in Europe for the last 9 years. We are introducing a new and unique way to consume food while on the go. We all know what happened when the wrap was introduced; we believe we can become the next wrap. - Mitchell Brown
About Cono Italiano, Inc.:
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. For more information please visit www.conoitaliano.com
http://www.ceocfointerviews.com/
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
Sunday, October 10, 2010
Cono Italiano, Inc. Partners With Interstate Caterers for Manufacturing and New Facility Location
RED BANK, NJ--(Marketwire - 10/08/10) - Cono Italiano, Inc. (OTC.BB:CNOZ - News), the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono," a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough, is pleased to announce their agreement with Interstate Caterers to manufacture Cono Italiano's line of frozen food products at their FDA approved facility in South Plainfield, New Jersey.
"We have a high level of confidence that Interstate will manufacture Cono Italiano's product with the highest level of integrity and efficiency," said Mitchell Brown, CEO, Cono Italiano. "They will not only serve as a manufacturer, but a useful asset in marketing and distributing our product."
Cono Italiano, Inc. will provide Interstate Caterers with a fully automated filling line to produce up to sixteen hundred filled cones per hour. The "pizza cone" fillings will include breakfast and snack fillings in addition to the traditional pizza filling creating a diverse selection of different pizza cone options for various times of the day.
Interstate Caterers will work in conjunction with Cono Italiano to expand on the company's existing product line and offer their expertise in food manufacturing and food service which dates back to 1987. The cones will be available for sale to Interstate Caterer's current customers which include their mobile catering client base, vending and consignment program with convenient stores located at major gas stations.
About Interstate Caterers
Interstate Caterers is a food service provider, backed by professionals who are committed to our customers to create innovative food services in the New York tri-state area. Our commissary operates 7 days a week 24 hours a day, so that we can prepare fresh and delicious food items. All of our products are natural and the highest in quality of cheeses and deli meats. We also have the freshest products and fruits. We wholesale and distribute snacks, baked products, paper, beverages, dairy, frozen, fresh and prepared foods to all of our customers. http://www.interstatecaterers.com/
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
"We have a high level of confidence that Interstate will manufacture Cono Italiano's product with the highest level of integrity and efficiency," said Mitchell Brown, CEO, Cono Italiano. "They will not only serve as a manufacturer, but a useful asset in marketing and distributing our product."
Cono Italiano, Inc. will provide Interstate Caterers with a fully automated filling line to produce up to sixteen hundred filled cones per hour. The "pizza cone" fillings will include breakfast and snack fillings in addition to the traditional pizza filling creating a diverse selection of different pizza cone options for various times of the day.
Interstate Caterers will work in conjunction with Cono Italiano to expand on the company's existing product line and offer their expertise in food manufacturing and food service which dates back to 1987. The cones will be available for sale to Interstate Caterer's current customers which include their mobile catering client base, vending and consignment program with convenient stores located at major gas stations.
About Interstate Caterers
Interstate Caterers is a food service provider, backed by professionals who are committed to our customers to create innovative food services in the New York tri-state area. Our commissary operates 7 days a week 24 hours a day, so that we can prepare fresh and delicious food items. All of our products are natural and the highest in quality of cheeses and deli meats. We also have the freshest products and fruits. We wholesale and distribute snacks, baked products, paper, beverages, dairy, frozen, fresh and prepared foods to all of our customers. http://www.interstatecaterers.com/
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
Thursday, October 7, 2010
AVIC International Holding Corporation Sends Delegation To U.S. Aerospace, Inc.
Formal Signing Ceremony for Strategic Cooperation Agreement
Senior Executives Begin Implementing Plan for Joint Business
LOS ANGELES--(BUSINESS WIRE)-- U.S. Aerospace, Inc. (OTCBB:USAE.ob - News), a U.S. aerospace and defense contractor, today announced that senior executives from Supply Chain Management & Procurement of AVIC International Holding Corporation of China met in Southern California with the Company’s senior management team for the official signing ceremony of the parties’ Strategic Cooperation Agreement. The parties also began the process of implementing plans for the parties to jointly develop business opportunities.
“AVIC is one of the world’s leading aircraft companies, and we are very pleased to add their enormous manufacturing capabilities to our own,” said CEO Jim Worsham. “We look forward to expanding our joint capacity to service U.S. based aerospace projects. Our cooperation with AVIC extends and deepens our strategic international relationships by providing a strong financial partner and a more comprehensive portfolio of solutions and services, all to the benefit of our customers in the U.S. and worldwide.”
Photographs of the contract signing ceremony are posted on the Company website at http://www.USAerospace.com.
About U.S. Aerospace, Inc.
U.S. Aerospace, Inc. is a publicly-traded aerospace and defense contractor based in Southern California. The Company is an emerging world-class supplier on projects for the Lockheed Martin Corporation (NYSE: LMT), L-3 Communications Holdings, Inc. (NYSE: LLL), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE), and other aerospace companies, commercial aircraft manufacturers and prime defense contractors. The Company supplies aircraft assemblies, structural components and highly-engineered, precision-machined details for commercial and military aircraft. The Company has offices and production facilities in Rancho Cucamonga, California.
For further information please visit the Company’s website at http://www.USAerospace.com.
Forward Looking Statements
Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the Company's control, may cause actual results to differ materially from stated expectations. These risk factors include, among others, dependence on its key suppliers and international partners, limited capital resources, intense competition, government regulation, complications and risks related to bidding on government contracts, and difficulty in aerospace product and parts manufacturing; as well as additional risks factors discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update any information.
Senior Executives Begin Implementing Plan for Joint Business
LOS ANGELES--(BUSINESS WIRE)-- U.S. Aerospace, Inc. (OTCBB:USAE.ob - News), a U.S. aerospace and defense contractor, today announced that senior executives from Supply Chain Management & Procurement of AVIC International Holding Corporation of China met in Southern California with the Company’s senior management team for the official signing ceremony of the parties’ Strategic Cooperation Agreement. The parties also began the process of implementing plans for the parties to jointly develop business opportunities.
“AVIC is one of the world’s leading aircraft companies, and we are very pleased to add their enormous manufacturing capabilities to our own,” said CEO Jim Worsham. “We look forward to expanding our joint capacity to service U.S. based aerospace projects. Our cooperation with AVIC extends and deepens our strategic international relationships by providing a strong financial partner and a more comprehensive portfolio of solutions and services, all to the benefit of our customers in the U.S. and worldwide.”
Photographs of the contract signing ceremony are posted on the Company website at http://www.USAerospace.com.
About U.S. Aerospace, Inc.
U.S. Aerospace, Inc. is a publicly-traded aerospace and defense contractor based in Southern California. The Company is an emerging world-class supplier on projects for the Lockheed Martin Corporation (NYSE: LMT), L-3 Communications Holdings, Inc. (NYSE: LLL), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE), and other aerospace companies, commercial aircraft manufacturers and prime defense contractors. The Company supplies aircraft assemblies, structural components and highly-engineered, precision-machined details for commercial and military aircraft. The Company has offices and production facilities in Rancho Cucamonga, California.
For further information please visit the Company’s website at http://www.USAerospace.com.
Forward Looking Statements
Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the Company's control, may cause actual results to differ materially from stated expectations. These risk factors include, among others, dependence on its key suppliers and international partners, limited capital resources, intense competition, government regulation, complications and risks related to bidding on government contracts, and difficulty in aerospace product and parts manufacturing; as well as additional risks factors discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update any information.
Genesis Electronics Explores Development of Solar Re-Chargeable Batteries
HOLLYWOOD, FL--(Marketwire - 10/07/10) - Genesis Electronics Group, Inc. (OTC.BB:GEGI - News), www.genesiselectronicsgroup.com, announced that it has initiated steps for the development of solar rechargeable batteries in commonly used standard sizes such as AA, AAA, C, D, 9V, as well as other specialized sizes that have the potential for use by the military and scientific devices.
Edward Dillon, President and CEO, emphasized that "These batteries, unlike other re-chargeable batteries in the market, will not be dependent on a charging unit that you need to plug in, nor a separate solar-powered charger. The batteries themselves would be re-chargeable when exposed to the sun. Instead of throwing away "dead" batteries, from a flashlight or other device, you will be able to put these on the windowsill or on the porch and they will re-charge. This represents a completely unique product -- there's nothing else like it".
Raymond F. Purdon, Chairman, added: "The potential for stand-alone solar re-chargeable batteries is staggering. In addition to being a "green" solution, a convenience and a money-saver for the average consumer in developed countries, these batteries would be even more important to consumers in under-developed nations that don't have a reliable power grids and where battery-power for lighting and other everyday applications plays a more critical role."
Genesis Electronics has already developed and is producing a solar-powered charger for the iPhone called the SunBlazer™ (www.mysunblazer.com) which it expects to bring to market shortly.
Forward-Looking Statements
Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; new systems introduction; vendors pricing; supply of components and software, and other factors detailed from time to time in our filings with the U.S. Securities and Exchange Commission. In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof, except as may be required by applicable law or regulation.
Edward Dillon, President and CEO, emphasized that "These batteries, unlike other re-chargeable batteries in the market, will not be dependent on a charging unit that you need to plug in, nor a separate solar-powered charger. The batteries themselves would be re-chargeable when exposed to the sun. Instead of throwing away "dead" batteries, from a flashlight or other device, you will be able to put these on the windowsill or on the porch and they will re-charge. This represents a completely unique product -- there's nothing else like it".
Raymond F. Purdon, Chairman, added: "The potential for stand-alone solar re-chargeable batteries is staggering. In addition to being a "green" solution, a convenience and a money-saver for the average consumer in developed countries, these batteries would be even more important to consumers in under-developed nations that don't have a reliable power grids and where battery-power for lighting and other everyday applications plays a more critical role."
Genesis Electronics has already developed and is producing a solar-powered charger for the iPhone called the SunBlazer™ (www.mysunblazer.com) which it expects to bring to market shortly.
Forward-Looking Statements
Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; new systems introduction; vendors pricing; supply of components and software, and other factors detailed from time to time in our filings with the U.S. Securities and Exchange Commission. In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof, except as may be required by applicable law or regulation.
Wednesday, October 6, 2010
U.S. Aerospace Receives Notice from GAO
LOS ANGELES--(BUSINESS WIRE)-- U.S. Aerospace, Inc. (OTCBB:USAE.ob - News), a U.S. aerospace and defense contractor, today reported the Government Accountability Office (GAO) has denied Company’s bid protest in connection with the KC-X Tanker Modernization Project.
“We would like to thank the U.S. Air Force for providing us with the opportunity to bid, and the GAO for its review of the materials and circumstances which led to its decision,” said Director Michael Goldberg. “While we are disappointed with the outcome, we are pleased that the GAO determined that there is no evidence of any bias against working with international partners in bidding for U.S. military projects.”
U.S. Aerospace, Inc. filed the protest based on claims that its joint bid with Antonov Company of Ukraine was timely submitted and within the Air Force’s control before the deadline, and that their aircraft was the only one that meets all of the requirements of the request for proposal. The Company continues to believe that the AN-122KC offered the most capable aircraft at the most competitive price, thus benefiting both the American taxpayer and the American warfighter.
“This bid was only the first step in effectuating our ongoing long-term business strategy,” continued Goldberg. “Merely submitting our joint bid and participating in the process has created a sea change in how the global aerospace industry views globalization and working together with leading aircraft manufacturers around the world. We look forward to continuing to bid on major U.S. military projects, and to supplying cost effective, high quality aircraft alternatives for commercial airlines and freight companies seeking to purchase, replace or upgrade their fleets.”
About U.S. Aerospace, Inc.
U.S. Aerospace, Inc. is a publicly-traded aerospace and defense contractor based in Southern California. The Company is an emerging world-class supplier on projects for the Lockheed Martin Corporation (NYSE: LMT), L-3 Communications Holdings, Inc. (NYSE: LLL ), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE), and other aerospace companies, commercial aircraft manufacturers and prime defense contractors. The Company supplies aircraft assemblies, structural components and highly-engineered, precision-machined details for commercial and military aircraft. The Company has offices and production facilities in Rancho Cucamonga, California.
For further information please visit the Company’s website at http://www.USAerospace.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the Company's control, may cause actual results to differ materially from stated expectations. These risk factors include, among others, dependence on its key suppliers and international partners, limited capital resources, intense competition, government regulation, complications and risks related to bidding on government contracts, and difficulty in aerospace product and parts manufacturing; as well as additional risks factors discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update any information.
“We would like to thank the U.S. Air Force for providing us with the opportunity to bid, and the GAO for its review of the materials and circumstances which led to its decision,” said Director Michael Goldberg. “While we are disappointed with the outcome, we are pleased that the GAO determined that there is no evidence of any bias against working with international partners in bidding for U.S. military projects.”
U.S. Aerospace, Inc. filed the protest based on claims that its joint bid with Antonov Company of Ukraine was timely submitted and within the Air Force’s control before the deadline, and that their aircraft was the only one that meets all of the requirements of the request for proposal. The Company continues to believe that the AN-122KC offered the most capable aircraft at the most competitive price, thus benefiting both the American taxpayer and the American warfighter.
“This bid was only the first step in effectuating our ongoing long-term business strategy,” continued Goldberg. “Merely submitting our joint bid and participating in the process has created a sea change in how the global aerospace industry views globalization and working together with leading aircraft manufacturers around the world. We look forward to continuing to bid on major U.S. military projects, and to supplying cost effective, high quality aircraft alternatives for commercial airlines and freight companies seeking to purchase, replace or upgrade their fleets.”
About U.S. Aerospace, Inc.
U.S. Aerospace, Inc. is a publicly-traded aerospace and defense contractor based in Southern California. The Company is an emerging world-class supplier on projects for the Lockheed Martin Corporation (NYSE: LMT), L-3 Communications Holdings, Inc. (NYSE: LLL ), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE), and other aerospace companies, commercial aircraft manufacturers and prime defense contractors. The Company supplies aircraft assemblies, structural components and highly-engineered, precision-machined details for commercial and military aircraft. The Company has offices and production facilities in Rancho Cucamonga, California.
For further information please visit the Company’s website at http://www.USAerospace.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the Company's control, may cause actual results to differ materially from stated expectations. These risk factors include, among others, dependence on its key suppliers and international partners, limited capital resources, intense competition, government regulation, complications and risks related to bidding on government contracts, and difficulty in aerospace product and parts manufacturing; as well as additional risks factors discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update any information.
Monday, October 4, 2010
Industry Veteran Jim Worsham New CEO of U.S. Aerospace, Inc.
LOS ANGELES--(BUSINESS WIRE)-- U.S. Aerospace, Inc. (OTCBB:USAE.ob - News), a U.S. aerospace and defense contractor, today announced that aerospace industry veteran Jim Worsham has agreed to serve as the Company’s Chief Executive Officer. Worsham developed and has served as head of Aviation Marketing and Business Development for the Southern California Logistics Airport (SCLA) for the last 10 years. From 1982 to 1989, he served as President of Douglas Aircraft Company for McDonnell Douglas Corporation, now The Boeing Company (NYSE:BA - News). In over 30 years with General Electric Co. (NYSE:GE - News), Worsham rose from jet engine aero thermo designer, to Vice President Military Engines, Vice President Commercial Engines, and Vice President Market Development.
“We are honored to have someone of Jim’s stature in the aerospace community agree to join us as CEO,” said Chairman of the Board, Jerrold S. Pressman. "His outstanding background and experience in the aviation industry is a perfect fit for our new business model to globalize the aerospace industry. Jim’s ability to develop profitable opportunities is demonstrated by the many groundbreaking projects he has led throughout his impressive career.”
Notable projects led by Worsham include: C-17 Globemaster, KC-10A Extender, T-45 Goshawk, MD-11, DC-10, MD-80, MD-90, 717. He initiated aircraft leasing in China and assembled 100 MD-80 aircraft in China.
Worsham’s honors, awards and accomplishments include: Goddard Award (while at GE), Collier Trophy (while at McDonald Douglas), Former Member of USAF Military Airlift Command Advisory Board, Former Member of US Science and Technologies Board.
“I am very excited about the growth opportunities at U.S. Aerospace, Inc.,” said Worsham. “I am confident that together we will build upon the Company's strategy of globalization in the aviation marketplace and, as a result, increase shareholder value.”
Worsham joins U.S. Aerospace, Inc. after successfully revitalizing and developing George Air Force Base, located in Victorville, California, into a modern commercial and military airport. Worsham served as Chairman of Asia Pacific and North America divisions of Guinness Peat Aviation, a commercial aircraft sales and leasing company, where he oversaw the conversions of DC-8 aircraft to freighters and initiated aircraft leasing in China. While at Guinness Peat Aviation, the Company was valued at more than $4 Billion.
As President of Douglas Aircraft, Worsham was instrumental in securing military and commercial aircraft business for a family of seven different lines of aircraft and developed the “rent-a-plane” concept which today is recognized as fractional ownership, and played a significant role in revitalizing the general aviation industry.
Worsham founded the SCLA School of Aviation Technology. He served as a Captain in the U.S. Army. Worsham received his BS in Mechanical Engineering, magna cum laude, from Vanderbilt University, his MS in Mechanical Engineering from University of Arkansas, attended Dartmouth Institute, has a honorary doctorate from Northrup University and is a registered professional engineer.
About U.S. Aerospace, Inc.
U.S. Aerospace, Inc. is a publicly-traded aerospace and defense contractor based in Southern California. The Company is an emerging world-class supplier on projects for the Lockheed Martin Corporation (NYSE: LMT - News), L-3 Communications Holdings, Inc. (NYSE: LLL - News), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE - News), and other aerospace companies, commercial aircraft manufacturers and prime defense contractors. The Company supplies aircraft assemblies, structural components and highly-engineered, precision-machined details for commercial and military aircraft. The Company has offices and production facilities in Rancho Cucamonga, California.
For further information please visit the Company’s website at http://www.USAerospace.com.
Forward Looking Statements
Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the Company's control, may cause actual results to differ materially from stated expectations. These risk factors include, among others, dependence on its key suppliers and international partners, limited capital resources, intense competition, government regulation, complications and risks related to bidding on government contracts, and difficulty in aerospace product and parts manufacturing; as well as additional risks factors discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update any information.
“We are honored to have someone of Jim’s stature in the aerospace community agree to join us as CEO,” said Chairman of the Board, Jerrold S. Pressman. "His outstanding background and experience in the aviation industry is a perfect fit for our new business model to globalize the aerospace industry. Jim’s ability to develop profitable opportunities is demonstrated by the many groundbreaking projects he has led throughout his impressive career.”
Notable projects led by Worsham include: C-17 Globemaster, KC-10A Extender, T-45 Goshawk, MD-11, DC-10, MD-80, MD-90, 717. He initiated aircraft leasing in China and assembled 100 MD-80 aircraft in China.
Worsham’s honors, awards and accomplishments include: Goddard Award (while at GE), Collier Trophy (while at McDonald Douglas), Former Member of USAF Military Airlift Command Advisory Board, Former Member of US Science and Technologies Board.
“I am very excited about the growth opportunities at U.S. Aerospace, Inc.,” said Worsham. “I am confident that together we will build upon the Company's strategy of globalization in the aviation marketplace and, as a result, increase shareholder value.”
Worsham joins U.S. Aerospace, Inc. after successfully revitalizing and developing George Air Force Base, located in Victorville, California, into a modern commercial and military airport. Worsham served as Chairman of Asia Pacific and North America divisions of Guinness Peat Aviation, a commercial aircraft sales and leasing company, where he oversaw the conversions of DC-8 aircraft to freighters and initiated aircraft leasing in China. While at Guinness Peat Aviation, the Company was valued at more than $4 Billion.
As President of Douglas Aircraft, Worsham was instrumental in securing military and commercial aircraft business for a family of seven different lines of aircraft and developed the “rent-a-plane” concept which today is recognized as fractional ownership, and played a significant role in revitalizing the general aviation industry.
Worsham founded the SCLA School of Aviation Technology. He served as a Captain in the U.S. Army. Worsham received his BS in Mechanical Engineering, magna cum laude, from Vanderbilt University, his MS in Mechanical Engineering from University of Arkansas, attended Dartmouth Institute, has a honorary doctorate from Northrup University and is a registered professional engineer.
About U.S. Aerospace, Inc.
U.S. Aerospace, Inc. is a publicly-traded aerospace and defense contractor based in Southern California. The Company is an emerging world-class supplier on projects for the Lockheed Martin Corporation (NYSE: LMT - News), L-3 Communications Holdings, Inc. (NYSE: LLL - News), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE - News), and other aerospace companies, commercial aircraft manufacturers and prime defense contractors. The Company supplies aircraft assemblies, structural components and highly-engineered, precision-machined details for commercial and military aircraft. The Company has offices and production facilities in Rancho Cucamonga, California.
For further information please visit the Company’s website at http://www.USAerospace.com.
Forward Looking Statements
Except for statements of historical fact, the matters discussed above are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the Company's control, may cause actual results to differ materially from stated expectations. These risk factors include, among others, dependence on its key suppliers and international partners, limited capital resources, intense competition, government regulation, complications and risks related to bidding on government contracts, and difficulty in aerospace product and parts manufacturing; as well as additional risks factors discussed in the reports filed by the Company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov. Except as required by law, the Company undertakes no obligation to update any information.
mBeach Software Inc. Into Second Phase Clinical Trials Procedures
TEL AVIV, Israel, Oct. 4, 2010 (GLOBE NEWSWIRE) -- mBeach Software Inc. ("MBHS") (OTCBB:MBHS - News) today announced that SCS, its wholly owned subsidiary, is initiating procedures to conduct second phase clinical trials with our medical device, SkinScan 650. These trials come at the end of an upgrading program of SkinScan 650. We expect the results of the trials to show improved accuracy in diagnosing NMSC (Non Melanoma Skin Cancer).
The planned, second phase, clinical trials are based on the successfully conducted, first phase trials. The results of the first phase trials demonstrated a 92.4% accuracy in diagnosing non-melanoma skin cancer (NMSC). Those results are significantly higher than the 75% accuracy rate, achieved by an experienced dermatologist and 60% accuracy achieved by a general practitioner.
We expect the planned trials to show material improvement in the diagnostic capabilities. The second phase trials will be conducted in compliance with FDA protocol requirements. It is our intention to start the trials Mid January, 2011.
Following the second phase clinical trials, we intend to extend SkinScan 650's technical capabilities into the Infra Red range of the spectrum. Succeeding in this technological improvement coupled with our unique proprietary algorithms, will dramatically improve results in diagnosing both Melanoma and Non Melanoma Skin Cancers.
We expect the finalization of this stage, the Infra Red range, of development by mid 2011. This will enable us to introduce and revolutionize the entire approach to Skin Cancer Early detection and diagnosis.
About SCS
Skin Cancer Scanning Ltd. (SCS) is a medical device company pioneering the development and commercialization of a revolutionary and proprietary imaging system for the early detection and diagnosis of skin cancer.
Our medical device, SkinScan 650's state-of-the-art technology will enable physicians to improve their diagnostic abilities using SkinScan 650. This will replace current diagnostic procedures that have many disadvantages, such as being relatively subjective and dependent on the experience of the examiner. Errors in diagnosis can be fatal. Cancers can remain undetected, grow further and lower chances of survival. A biopsy, the intrusive removal of tissue sample, is usually needed for further diagnoses.
For more information on SCS, visit the company's new website at www.scs-med.com.
Forward Looking Statements
This release contains forward-looking statements, including, but not limited to, statements regarding the future commercialization of SCS' products, the market demand for these products and the proprietary protections the Company will obtain with regard to the technology, all of which statements are subject to market risks, and the possibility that the Company will not be able to obtain patent protection or obtain sufficient customer demand. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties.
The planned, second phase, clinical trials are based on the successfully conducted, first phase trials. The results of the first phase trials demonstrated a 92.4% accuracy in diagnosing non-melanoma skin cancer (NMSC). Those results are significantly higher than the 75% accuracy rate, achieved by an experienced dermatologist and 60% accuracy achieved by a general practitioner.
We expect the planned trials to show material improvement in the diagnostic capabilities. The second phase trials will be conducted in compliance with FDA protocol requirements. It is our intention to start the trials Mid January, 2011.
Following the second phase clinical trials, we intend to extend SkinScan 650's technical capabilities into the Infra Red range of the spectrum. Succeeding in this technological improvement coupled with our unique proprietary algorithms, will dramatically improve results in diagnosing both Melanoma and Non Melanoma Skin Cancers.
We expect the finalization of this stage, the Infra Red range, of development by mid 2011. This will enable us to introduce and revolutionize the entire approach to Skin Cancer Early detection and diagnosis.
About SCS
Skin Cancer Scanning Ltd. (SCS) is a medical device company pioneering the development and commercialization of a revolutionary and proprietary imaging system for the early detection and diagnosis of skin cancer.
Our medical device, SkinScan 650's state-of-the-art technology will enable physicians to improve their diagnostic abilities using SkinScan 650. This will replace current diagnostic procedures that have many disadvantages, such as being relatively subjective and dependent on the experience of the examiner. Errors in diagnosis can be fatal. Cancers can remain undetected, grow further and lower chances of survival. A biopsy, the intrusive removal of tissue sample, is usually needed for further diagnoses.
For more information on SCS, visit the company's new website at www.scs-med.com.
Forward Looking Statements
This release contains forward-looking statements, including, but not limited to, statements regarding the future commercialization of SCS' products, the market demand for these products and the proprietary protections the Company will obtain with regard to the technology, all of which statements are subject to market risks, and the possibility that the Company will not be able to obtain patent protection or obtain sufficient customer demand. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties.
Spare Backup Software Launches in "Geek Squad Max Computing" and "Max Mobile Protection" Programs in U.K.
Sees initial revenue up to $100,000 per month from this U.K. launch with several similar programs launching in the quarter with various distribution partners
PALM DESERT, Calif.--(BUSINESS WIRE)-- Spare Backup (OTCBB:SPBU) today announced that the Carphone Warehouse Limited (CPW), a unit of Best Buy Europe Distributions Limited (BBE), has launched its Geek Squad Max Computing and Max Mobile protection programs bundled with Spare Backup’s Co-branded My-Hub backup and cloud computing services along with Spare Mobile.
Management anticipates this U.K. launch generating up to $100,000 per month for Spare Backup as it provides co-branded storage services included in the bundle to the Geek Squad customers who subscribe to the paid insurance programs. Spare Backup is launching several similar programs with various distribution partners throughout the current quarter.
Spare Backup is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention.
"We have worked very hard to position our company for a rapid expansion and are excited to be included in the Geek Squad Europe’s Max protection programs that have launched in the U.K. We anticipate launching a number of additional programs through various channels which we believe will create a solid revenue base for our company enabling us to experience sustainable expansion for the foreseeable future. Over the past few quarters our team has worked hard to deliver what we believe is 'best in class' services that not only focus on the PC, but also multiple mobile platforms,” said Cery Perle, CEO.
For additional information, visit http://www.sparebackup.com. For investor relations, please contact our investor relations department at 760-779-0251 Ext. 224 or ir@sparebackup.com.
About Spare Backup, Inc.:
Spare Backup, Inc. specializes in helping consumers, small office/home office users and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively. The company's flagship Spare Backup product is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention, automatically backing up documents, email, music, photos and other PC files on a continuous basis or according to the schedule of the user's choice. The company is headquartered in Palm Desert, California.
Safe Harbor Statement:
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.
Forward-Looking Statements:
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company’s business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in Spare Backup's filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
PALM DESERT, Calif.--(BUSINESS WIRE)-- Spare Backup (OTCBB:SPBU) today announced that the Carphone Warehouse Limited (CPW), a unit of Best Buy Europe Distributions Limited (BBE), has launched its Geek Squad Max Computing and Max Mobile protection programs bundled with Spare Backup’s Co-branded My-Hub backup and cloud computing services along with Spare Mobile.
Management anticipates this U.K. launch generating up to $100,000 per month for Spare Backup as it provides co-branded storage services included in the bundle to the Geek Squad customers who subscribe to the paid insurance programs. Spare Backup is launching several similar programs with various distribution partners throughout the current quarter.
Spare Backup is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention.
"We have worked very hard to position our company for a rapid expansion and are excited to be included in the Geek Squad Europe’s Max protection programs that have launched in the U.K. We anticipate launching a number of additional programs through various channels which we believe will create a solid revenue base for our company enabling us to experience sustainable expansion for the foreseeable future. Over the past few quarters our team has worked hard to deliver what we believe is 'best in class' services that not only focus on the PC, but also multiple mobile platforms,” said Cery Perle, CEO.
For additional information, visit http://www.sparebackup.com. For investor relations, please contact our investor relations department at 760-779-0251 Ext. 224 or ir@sparebackup.com.
About Spare Backup, Inc.:
Spare Backup, Inc. specializes in helping consumers, small office/home office users and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively. The company's flagship Spare Backup product is the first totally automated online backup service that intelligently selects, secures and stores files without any user intervention, automatically backing up documents, email, music, photos and other PC files on a continuous basis or according to the schedule of the user's choice. The company is headquartered in Palm Desert, California.
Safe Harbor Statement:
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.
Forward-Looking Statements:
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company’s business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in Spare Backup's filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Genesis Electronics Enforcing Solar Patents
Cease and Desist Letters Have Been Issued
HOLLYWOOD, FL--(Marketwire - 10/01/10) - Genesis Electronics Group, Inc. (OTC.BB:GEGI - News), www.genesiselectronicsgroup.com, announced that it is enforcing its patents for solar rechargeable power sources, noting that several companies may have violated one or more of the claims within these patents. Genesis owns U.S. patent 6,586,906 for a Solar Rechargeable Battery and has licensed the rights to U.S. patents 5,644,207 and 6,608,464 for an Integrated Power Source and an Integrated Power Source Layered with Thin Film Rechargeable Batteries, Charger, and Charge Control, respectively, from Johns Hopkins University Applied Physics Laboratory. Executives and legal representatives at Genesis believe that several companies currently selling or planning to sell products incorporating solar-powered batteries have infringed on Genesis' specific rights to this technology.
Ed Dillon, Genesis' President and CEO, commented, "Genesis has taken careful steps and undergone great expense to procure state-of-the-art patented technology that will make our products more useful to consumers and more desirable to distributors and resellers. Our current product development, such as the SunBlazer™ solar-powered charger for the iPhone, is based on that technology. It is our duty to the company and to our investors to exercise every power under the law to defend our rights to this technology."
Mr. Dillon continued, "We have always kept abreast of would-be competition in the marketplace and we are taking strong action in a very proactive manner. Companies that we and our legal counselors at Pepper Hamilton LLP believe are violating our patent claims have been issued formal letters ordering them to cease and desist in the importing and/or marketing of their products. It is our aim to protect our interests, and take the appropriate measures to ensure our shareholders that we are diligently acting in their best interests."
About Genesis Electronics, Inc.
Genesis Electronics, Inc., a wholly-owned subsidiary of Genesis Electronics Group, Inc., is a developmental stage electronics company with a patented process for charging and re-charging a battery from solar energy and efficiently transferring that energy to the battery of an electronic device. The company has developed this technology to produce solar chargers for multi-featured cell phones, such as the G-2000 designed for the iPhone. The key to Genesis Electronics' technology is its patented "Enhanced Solar to Battery Electronic Technology," a unique process that charges a battery from solar energy and efficiently transfers that energy to the battery of an electronic device and optimizes the conversion of light into electrical energy. This technology can be applied to virtually any portable or hand-held electronic device. For more information about Genesis Electronics, Inc. and the SunBlazer™, visit the company's website at www.mysunblazer.com.
Forward-Looking Statements
Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; product demand; new systems introduction; vendors pricing; supply of software.
In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof.
HOLLYWOOD, FL--(Marketwire - 10/01/10) - Genesis Electronics Group, Inc. (OTC.BB:GEGI - News), www.genesiselectronicsgroup.com, announced that it is enforcing its patents for solar rechargeable power sources, noting that several companies may have violated one or more of the claims within these patents. Genesis owns U.S. patent 6,586,906 for a Solar Rechargeable Battery and has licensed the rights to U.S. patents 5,644,207 and 6,608,464 for an Integrated Power Source and an Integrated Power Source Layered with Thin Film Rechargeable Batteries, Charger, and Charge Control, respectively, from Johns Hopkins University Applied Physics Laboratory. Executives and legal representatives at Genesis believe that several companies currently selling or planning to sell products incorporating solar-powered batteries have infringed on Genesis' specific rights to this technology.
Ed Dillon, Genesis' President and CEO, commented, "Genesis has taken careful steps and undergone great expense to procure state-of-the-art patented technology that will make our products more useful to consumers and more desirable to distributors and resellers. Our current product development, such as the SunBlazer™ solar-powered charger for the iPhone, is based on that technology. It is our duty to the company and to our investors to exercise every power under the law to defend our rights to this technology."
Mr. Dillon continued, "We have always kept abreast of would-be competition in the marketplace and we are taking strong action in a very proactive manner. Companies that we and our legal counselors at Pepper Hamilton LLP believe are violating our patent claims have been issued formal letters ordering them to cease and desist in the importing and/or marketing of their products. It is our aim to protect our interests, and take the appropriate measures to ensure our shareholders that we are diligently acting in their best interests."
About Genesis Electronics, Inc.
Genesis Electronics, Inc., a wholly-owned subsidiary of Genesis Electronics Group, Inc., is a developmental stage electronics company with a patented process for charging and re-charging a battery from solar energy and efficiently transferring that energy to the battery of an electronic device. The company has developed this technology to produce solar chargers for multi-featured cell phones, such as the G-2000 designed for the iPhone. The key to Genesis Electronics' technology is its patented "Enhanced Solar to Battery Electronic Technology," a unique process that charges a battery from solar energy and efficiently transfers that energy to the battery of an electronic device and optimizes the conversion of light into electrical energy. This technology can be applied to virtually any portable or hand-held electronic device. For more information about Genesis Electronics, Inc. and the SunBlazer™, visit the company's website at www.mysunblazer.com.
Forward-Looking Statements
Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; product demand; new systems introduction; vendors pricing; supply of software.
In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof.
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