MIAMI, June 28, 2011 /PRNewswire/ -- Onteco Corporation (OTC: "ONTC"), (the "Company", or "Onteco"), announced today that its subsidiary, NexPhase Lighting, Inc. ("NexPhase"), a designer, developer and manufacturer of high efficiency, high quality LED intelligent and lighting fixtures, has submitted for inclusion in the Con Edison Marketing Partner program.
Ty Ramsey, COO of NexPhase, stated, "We have been concentrating a lot of our sales efforts in the Metro New York region and we felt that it was essential to join the Con Edison Marketing Partner program to take advantage of the many opportunities this program offers its business partners. We are confident that over the next few years we will be landing significant contracts in the New York greater metropolitan region and it is important for us and our customers to take advantage of the significant rebate opportunities Con Edison is offering its customers thru energy efficiency projects. There are multi-million dollars of lighting efficiency contracts to win in New York and there is a perfect alignment with Con Edison and their aggressive rebate programs to make these opportunities a reality. We expect to win a significant number of contracts in New York and harvest all of the Con Edison rebates to provide the best return on investment for our customers."
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $36 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern New York state and adjacent sections of northern New Jersey and northeastern Pennsylvania; Consolidated Edison Solutions, Inc., a retail energy supply and services company; Consolidated Edison Energy, Inc., a wholesale energy supply company; and Consolidated Edison Development, Inc., a company that participates in infrastructure projects.
About Onteco Corporation
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today. Additionally, these solutions must show promise of generating significant, ongoing profits for the company. The company determined that one industry that meets these criteria is the Energy Saving Lighting Industry, and as a result acquired NexPhase Lighting, Inc., in February 2011.
Additional information about Onteco Corporation is available at: www.Onteco.com
About NexPhase Lighting, Inc.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry. All NexPhase lighting products incorporate its proprietary "NexSense Technology™", which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, "patent pending' wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.
For more information about NexPhase Lighting, Inc. visit: http://www.nexphaselighting.com
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
Wednesday, June 29, 2011
Tuesday, June 28, 2011
Onteco Corporation, ONTC, Subsidiary, NexPhase Lighting, Inc., Receives Contract to Provide Product and Services To New York University (NYU)-Poly
MIAMI--(BUSINESS WIRE)-- Onteco Corporation (OTC:ONTC.ob - News), (the “Company”, or “Onteco”), announced today that its subsidiary, NexPhase Lighting, Inc. (“NexPhase”), a designer, developer and manufacturer of high efficiency, high quality LED intelligent lighting fixtures, today announced that it has received a contract to provide product and services to New York University (NYU)-Poly.
Jon Cooper, President of NexPhase, stated, “We have worked closely with Campus Green Up and NYU-Poly in the development of an array of intelligent LED lighting solutions that when deployed will provide significant energy and maintenance savings for the University. Our product was subject to a rigorous bidding and vetting process that matched our solutions to some of the biggest suppliers in the lighting industry. Ultimately our technology, service, return on investment and energy savings solutions set us apart from the other considered suppliers. The project will be a multi-phase deployment with the first installation occurring at the Donald F. and Mildred Top Othmer Residence Hall. This residence hall is an eighteen-floor structure originally opened in 2002 and currently houses over four hundred students. The first installation of product will occur in early September and we expect the Othmer phase of the project to be completed by the end of this year. This first phase will utilize over 2,500 LED lighting fixtures. The beauty of this first phase of the project is that almost all of the LED form factors that we will be installing will be deployed in other areas of the University as we advance to subsequent project stages. We are very excited to have been selected as the lighting solutions provider and are anxious to provide the University with incredible products and services that meet NYU-Poly’s i²e Campus transformation initiatives.”
NYU-Poly is the alliance of the nation’s second oldest private engineering school, Polytechnic with the largest private university in the United States, NYU. The NYU-Poly Brooklyn campus has a current student population of over 1,750 full-time students and the downtown Brooklyn Campus includes: 6 Metrotech, the Jacobs Academic Building, the Rogers Hall complex, 5 MetroTech, the Bern Dibner Library Building, the historic Wunsch Building and the previously mentioned Othmer Residence Hall. These facilities along with the recently announced expansion of an additional 120,000 square feet of academic facilities at 2 MetroTech and 15 Metrotech further signal a growing and thriving world class University. NYU-Poly is already in the second year of a 10 year Thirty Eight million Capital Plan to transform, upgrade and expand its campus facilities, and NexPhase’s intelligent LED lighting solutions and efficient use of best in class sensor technology provide an excellent fit for the i²e initiatives that center around invention, innovation and entrepreneurship.
Founded in 1854 the then named Brooklyn Collegiate and Polytechnic Institute set out to enable their students to utilize the full power of science and technology and for the past 150 years that is what the University has done. While many great scientists and engineers have graduated from this prestigious University some of the more famous graduates are:
Jasper Kane, who developed a method to mass-produce penicillin that saved hundreds of thousands of lives during World War II.
Eugene Kleiner, who led a group of young scientists in the creation of the semiconductor and in 1957 founded Fairchild Semiconductor. Fairchild Semi was responsible for creating the IC industry and the world’s high-tech capital, Silicon Valley.
Jerome Lemelson, the second most prolific inventor of the 20th century with over 600 held patents that led to the inventions of the cordless phone, the fax machine, the VCR and the camcorder.
Gordon Gould, a faculty member who was one of the inventors of the laser and coined the term.
U.S. Secretary of Energy Steven Chu recently addressed the graduating class of 2011 and was awarded a doctorate of engineering honoris causa. His father was a Professor of Chemical Engineering at the Polytechnic Institute starting in 1949.
About Onteco Corporation
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today. Additionally, these solutions must show promise of generating significant, ongoing profits for the company. The company determined that one industry that meets these criteria is the Energy Saving Lighting Industry, and as a result acquired NexPhase Lighting, Inc., in February 2011.
Additional information about Onteco Corporation is available at: www.Onteco.com.
About NexPhase Lighting, Inc.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry. All NexPhase lighting products incorporate its proprietary “NexSense TechnologyTM”, which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, “patent pending" wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.
For more information about NexPhase Lighting, Inc. visit: http://www.nexphaselighting.com.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
Jon Cooper, President of NexPhase, stated, “We have worked closely with Campus Green Up and NYU-Poly in the development of an array of intelligent LED lighting solutions that when deployed will provide significant energy and maintenance savings for the University. Our product was subject to a rigorous bidding and vetting process that matched our solutions to some of the biggest suppliers in the lighting industry. Ultimately our technology, service, return on investment and energy savings solutions set us apart from the other considered suppliers. The project will be a multi-phase deployment with the first installation occurring at the Donald F. and Mildred Top Othmer Residence Hall. This residence hall is an eighteen-floor structure originally opened in 2002 and currently houses over four hundred students. The first installation of product will occur in early September and we expect the Othmer phase of the project to be completed by the end of this year. This first phase will utilize over 2,500 LED lighting fixtures. The beauty of this first phase of the project is that almost all of the LED form factors that we will be installing will be deployed in other areas of the University as we advance to subsequent project stages. We are very excited to have been selected as the lighting solutions provider and are anxious to provide the University with incredible products and services that meet NYU-Poly’s i²e Campus transformation initiatives.”
NYU-Poly is the alliance of the nation’s second oldest private engineering school, Polytechnic with the largest private university in the United States, NYU. The NYU-Poly Brooklyn campus has a current student population of over 1,750 full-time students and the downtown Brooklyn Campus includes: 6 Metrotech, the Jacobs Academic Building, the Rogers Hall complex, 5 MetroTech, the Bern Dibner Library Building, the historic Wunsch Building and the previously mentioned Othmer Residence Hall. These facilities along with the recently announced expansion of an additional 120,000 square feet of academic facilities at 2 MetroTech and 15 Metrotech further signal a growing and thriving world class University. NYU-Poly is already in the second year of a 10 year Thirty Eight million Capital Plan to transform, upgrade and expand its campus facilities, and NexPhase’s intelligent LED lighting solutions and efficient use of best in class sensor technology provide an excellent fit for the i²e initiatives that center around invention, innovation and entrepreneurship.
Founded in 1854 the then named Brooklyn Collegiate and Polytechnic Institute set out to enable their students to utilize the full power of science and technology and for the past 150 years that is what the University has done. While many great scientists and engineers have graduated from this prestigious University some of the more famous graduates are:
Jasper Kane, who developed a method to mass-produce penicillin that saved hundreds of thousands of lives during World War II.
Eugene Kleiner, who led a group of young scientists in the creation of the semiconductor and in 1957 founded Fairchild Semiconductor. Fairchild Semi was responsible for creating the IC industry and the world’s high-tech capital, Silicon Valley.
Jerome Lemelson, the second most prolific inventor of the 20th century with over 600 held patents that led to the inventions of the cordless phone, the fax machine, the VCR and the camcorder.
Gordon Gould, a faculty member who was one of the inventors of the laser and coined the term.
U.S. Secretary of Energy Steven Chu recently addressed the graduating class of 2011 and was awarded a doctorate of engineering honoris causa. His father was a Professor of Chemical Engineering at the Polytechnic Institute starting in 1949.
About Onteco Corporation
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today. Additionally, these solutions must show promise of generating significant, ongoing profits for the company. The company determined that one industry that meets these criteria is the Energy Saving Lighting Industry, and as a result acquired NexPhase Lighting, Inc., in February 2011.
Additional information about Onteco Corporation is available at: www.Onteco.com.
About NexPhase Lighting, Inc.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry. All NexPhase lighting products incorporate its proprietary “NexSense TechnologyTM”, which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, “patent pending" wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.
For more information about NexPhase Lighting, Inc. visit: http://www.nexphaselighting.com.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
Monday, June 27, 2011
AnyThing Technologies Media, Inc. and AMI Begin Working Together With InTown Suites to Produce New Orders of DVDs
SANTA CLARA, Calif.--(BUSINESS WIRE)-- AnyThing Technologies Media Inc. (EXMT.PK) announced today that it has continued to book higher than expected business in June with many new customers for DVD and CD duplication services and look forward to continued strong business throughout the summer.
Don Yarter, VP of Marketing says, “We are very excited about the continued strong business that we have experienced for DVD and CD duplication services and fulfillment. Our domestic and international fulfillment business has continued to increase and expect business to increase even further in the fourth quarter 2011.”
AMI has increased its in-house capacity for CD/DVD/Blu-ray duplication and printing services. We also have added USB drive duplication and printing to better serve our customers.
For additional information on our Duplication Services go to:
www.anythingmediainc.com
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
AnyThing Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM will be the parent company of subsidiary Corporations, each with their own professional management team with extensive backgrounds in finance, manufacturing, marketing and distribution. ATM’s goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
ABOUT ANYTHING MEDIA INC.
AnyThing Media Inc, www.anythingmediainc.com is a “One Stop Shop” for content owners that want to distribute CD/DVD/USB or Blu-Ray Media to their customers. Specializing in CD and DVD duplication, AnyThing Media’s logistics Supply Chain Management center has complete fulfillment, mailing, printing, e-commerce, and website design solutions. Our customers range from smaller specialty content owners to some of the largest content providers in the country.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Don Yarter, VP of Marketing says, “We are very excited about the continued strong business that we have experienced for DVD and CD duplication services and fulfillment. Our domestic and international fulfillment business has continued to increase and expect business to increase even further in the fourth quarter 2011.”
AMI has increased its in-house capacity for CD/DVD/Blu-ray duplication and printing services. We also have added USB drive duplication and printing to better serve our customers.
For additional information on our Duplication Services go to:
www.anythingmediainc.com
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
AnyThing Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM will be the parent company of subsidiary Corporations, each with their own professional management team with extensive backgrounds in finance, manufacturing, marketing and distribution. ATM’s goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
ABOUT ANYTHING MEDIA INC.
AnyThing Media Inc, www.anythingmediainc.com is a “One Stop Shop” for content owners that want to distribute CD/DVD/USB or Blu-Ray Media to their customers. Specializing in CD and DVD duplication, AnyThing Media’s logistics Supply Chain Management center has complete fulfillment, mailing, printing, e-commerce, and website design solutions. Our customers range from smaller specialty content owners to some of the largest content providers in the country.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Paraform Design (ZMGD) Forms East Coast Partnership: Revenues in Multi-Million Dollar Range
HENDERSON, NEVADA--(Marketwire - 06/24/11) - Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD - News) (www.zamagedigitalcorp.com) subsidiary Paraform Design (www.paraformdesign.com), has formed a strategic partnership with one of the largest furniture manufacturing representative on the east coast.
"With this new partnership, we can target specific core markets. By targeting these specific core markets, namely health care, education, government and business, we can quickly respond to our customers' unique needs, deliver our products quickly and continue our growth with unique and comprehensive service," said Paraform Design's President & CEO, Ken Olschewske.
"With an existing client base of over 250 clients which includes some of the most prominent universities, health care, and federal facilities, this partnership can help to catapult sales and revenues. This relationship alone should yield $5-10 million in sales over the next 2-3 years.
Paraform Design, the parent company of Parasign Systems (www.parasignsystems.com), is an award winning, nationally recognized design firm that creates custom branded identity, print, web and signage solutions.
Paraform Design is pleased with this strategic partnership and anticipates updating the investor public on any updates regarding this exciting new opportunity.
In other news, following the merger with Paraform Design, ZMGD management intends to complete a share acquisition and reduce its authorized and outstanding shares to less than 700 million from current 2.8 billion.
More news and updates to follow shortly and frequently.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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 Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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.
Zamage Digital Art Imaging, Inc.
"With this new partnership, we can target specific core markets. By targeting these specific core markets, namely health care, education, government and business, we can quickly respond to our customers' unique needs, deliver our products quickly and continue our growth with unique and comprehensive service," said Paraform Design's President & CEO, Ken Olschewske.
"With an existing client base of over 250 clients which includes some of the most prominent universities, health care, and federal facilities, this partnership can help to catapult sales and revenues. This relationship alone should yield $5-10 million in sales over the next 2-3 years.
Paraform Design, the parent company of Parasign Systems (www.parasignsystems.com), is an award winning, nationally recognized design firm that creates custom branded identity, print, web and signage solutions.
Paraform Design is pleased with this strategic partnership and anticipates updating the investor public on any updates regarding this exciting new opportunity.
In other news, following the merger with Paraform Design, ZMGD management intends to complete a share acquisition and reduce its authorized and outstanding shares to less than 700 million from current 2.8 billion.
More news and updates to follow shortly and frequently.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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 Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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.
Zamage Digital Art Imaging, Inc.
Freedom Energy Updates Asphalt Shingle Recycling Agreement
FORT WAYNE, IN--(Marketwire - 06/24/11) - Freedom Energy Holdings, Inc. (Pinksheets:FDMF - News) today provided an update to the Collective Recycling Agreement with Americans Investing In America, Inc. ("AIIA") and Alternative Energy Solutions, LLC ("AES"), both located in Michigan. Under the terms of the November agreement, each party will play a significant role in establishing a commercial process to collect oil in asphalt shingles and subsequently recycle the hydrocarbons into a reusable alternative energy source.
The agreement calls for Freedom Energy to work closely with AIIA to commercially develop this process which will recycle the shingles and extract the oil out of the shingles. The companies will in turn supply over 70 tons of recycled asphalt shingles to AES, who will be responsible for taking the separated oil and processing it into a recycled alternative energy source. The process will be utilizing a version of Freedom Energy's proprietary KC 9000® technology, which has been specifically developed to break down the shingle and separate the oil from the other aggregates.
"The opportunity to team up with industry leading companies in the shingle recycling and alternative energy sectors will provide significant economies and compliment several of our projects currently in place," stated Kistler.
"Moreover, the company has initiated discussions with several Canadian companies that have expressed preliminary interest in potential joint ventures and/or licensing opportunities. Further details will be made public as these discussions progress," Kistler concluded.
ABOUT AMERICANS INVESTING IN AMERICA:
AIIA is a network of entrepreneurs that promote sustainability through community and business-to-business partnerships stimulating environmental-friendly coalitions. Our goal is to create sustainability by development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Utilizing waste resources to create opportunities for local entrepreneurs creates new industries and quality jobs in our communities. It is our mission to develop local networks that will utilize indigenous waste products as a commodity; creating value and sustainable clean energy sources.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (Pinksheets:FDMF - News) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. Presently, the company's primary focus is the commercial development of its proprietary , heavy oil technology, KC 9000® , a breakthrough technology which provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. This pioneering technology is projected to revolutionize current recovery processes being utilized. The company is presently marketing KC 9000 through sales and licensing agreements to potential clients on a worldwide basis.
FORWARD LOOKING STATEMENT
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
The agreement calls for Freedom Energy to work closely with AIIA to commercially develop this process which will recycle the shingles and extract the oil out of the shingles. The companies will in turn supply over 70 tons of recycled asphalt shingles to AES, who will be responsible for taking the separated oil and processing it into a recycled alternative energy source. The process will be utilizing a version of Freedom Energy's proprietary KC 9000® technology, which has been specifically developed to break down the shingle and separate the oil from the other aggregates.
"The opportunity to team up with industry leading companies in the shingle recycling and alternative energy sectors will provide significant economies and compliment several of our projects currently in place," stated Kistler.
"Moreover, the company has initiated discussions with several Canadian companies that have expressed preliminary interest in potential joint ventures and/or licensing opportunities. Further details will be made public as these discussions progress," Kistler concluded.
ABOUT AMERICANS INVESTING IN AMERICA:
AIIA is a network of entrepreneurs that promote sustainability through community and business-to-business partnerships stimulating environmental-friendly coalitions. Our goal is to create sustainability by development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Utilizing waste resources to create opportunities for local entrepreneurs creates new industries and quality jobs in our communities. It is our mission to develop local networks that will utilize indigenous waste products as a commodity; creating value and sustainable clean energy sources.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (Pinksheets:FDMF - News) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. Presently, the company's primary focus is the commercial development of its proprietary , heavy oil technology, KC 9000® , a breakthrough technology which provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. This pioneering technology is projected to revolutionize current recovery processes being utilized. The company is presently marketing KC 9000 through sales and licensing agreements to potential clients on a worldwide basis.
FORWARD LOOKING STATEMENT
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
TGI EKOPLAZ Unit (TSPG) Appoints TELE-SSE Corporation As Its Representative in Philippines
RED BANK, NEW JERSEY--(Marketwire - 06/24/11) - TGI Group (PINK SHEETS:TSPG - News), a diversified holding company, announced today that it signed an agreement with TELE-SSE Corporation, as its technical, sales and marketing advisor in Philippines, to assist with introduction and implementation of EKOPLAZ equipment.
Dr. Epimaco Densing, Jr., Ph.D., and Mr. Emmanuel L. Agbanlog, principles of TELE-SSE Corporation, represent industrial group that will act as an agent and strategic partner for EKOPLAZ in Philippines. According to documents presented to EKOPLAZ management, TELE-SSE is now negotiating with the owners & developers of the technology for a possible Gasification Plant in Metro Manila, which will daily convert 300 tons of municipal solid waste (MSW) into syngas (a gas mixture) and eventually into electricity for sale to the grid of Meralco or other electric consumers. The Gasification Plant will be constructed and installed, on turnkey basis, by the Technology owners and developers, and will occupy 5 to 7 hectares of land area.' Dr. Epimaco M. Densing, Jr. is currently conducting feasibility studies for the overall project.
EKOPLAZ's product line consists of units of various sizes and capabilities, from a small mobile unit that would be most appropriate for the cleanup of hazardous waste or disaster areas, to stationary units to serve communities or municipalities with functions that include producing energy, cleaning up waste and water purifying capabilities. Engineering and production of basic units should take 4 to 6 months. While no sales have been made to date, management is very pleased with the amount of inquiries and various proposals for solving solid waste problems. Other waste issues include energy arrangements such as implementing technology for clean coal burn.
About EKOPLAZ:
EKOPLAZ developed the technology based on high-frequency disruption in an electromagnetic microwave field. High field intensity provides air ionization in the location of the disruption along with the release of high temperature. Special configuration of the air ionization chamber allows the supply of middle and large microwave capacity to provide the initiation of a stable plasma flame at the output of the plasmatron nozzle. This technology offers significant advantages including: medical waste treatment, pesticide utilization or domestic industrial waste processing. A plant can be implemented both in mobile and stationary usage occurring in a continuous operation or on as-needed basis.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified holding company. The Company offers its products and services to clients on a worldwide basis and currently maintains JVs and strategic alliances with installation, integration and energy consulting firms. TGI's strategy is to acquire new patented technologies, components, processes, designs and methods with commercial value that will give market advantage and generate shareholder value.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
Dr. Epimaco Densing, Jr., Ph.D., and Mr. Emmanuel L. Agbanlog, principles of TELE-SSE Corporation, represent industrial group that will act as an agent and strategic partner for EKOPLAZ in Philippines. According to documents presented to EKOPLAZ management, TELE-SSE is now negotiating with the owners & developers of the technology for a possible Gasification Plant in Metro Manila, which will daily convert 300 tons of municipal solid waste (MSW) into syngas (a gas mixture) and eventually into electricity for sale to the grid of Meralco or other electric consumers. The Gasification Plant will be constructed and installed, on turnkey basis, by the Technology owners and developers, and will occupy 5 to 7 hectares of land area.' Dr. Epimaco M. Densing, Jr. is currently conducting feasibility studies for the overall project.
EKOPLAZ's product line consists of units of various sizes and capabilities, from a small mobile unit that would be most appropriate for the cleanup of hazardous waste or disaster areas, to stationary units to serve communities or municipalities with functions that include producing energy, cleaning up waste and water purifying capabilities. Engineering and production of basic units should take 4 to 6 months. While no sales have been made to date, management is very pleased with the amount of inquiries and various proposals for solving solid waste problems. Other waste issues include energy arrangements such as implementing technology for clean coal burn.
About EKOPLAZ:
EKOPLAZ developed the technology based on high-frequency disruption in an electromagnetic microwave field. High field intensity provides air ionization in the location of the disruption along with the release of high temperature. Special configuration of the air ionization chamber allows the supply of middle and large microwave capacity to provide the initiation of a stable plasma flame at the output of the plasmatron nozzle. This technology offers significant advantages including: medical waste treatment, pesticide utilization or domestic industrial waste processing. A plant can be implemented both in mobile and stationary usage occurring in a continuous operation or on as-needed basis.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified holding company. The Company offers its products and services to clients on a worldwide basis and currently maintains JVs and strategic alliances with installation, integration and energy consulting firms. TGI's strategy is to acquire new patented technologies, components, processes, designs and methods with commercial value that will give market advantage and generate shareholder value.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
Friday, June 24, 2011
Paraform Design (ZMGD) Launches Parasign Systems: A New Customizable Signage Solution Designed to Save Businesses Money
HENDERSON, NEVADA--(Marketwire - 06/23/11) - Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD - News)(www.zamagedigitalcorp.com) subsidiary Paraform Design www.paraformdesign.com is pleased to announce the launch of Parasign Systems www.parasignsystems.com, a new customizable signage solution designed to save businesses money.
Paraform Design is an innovator in custom signage solutions. The company has launched Parasign Systems, a customizable wayfinding system without the high cost of design.
"Parasign Systems fills a void for colleges, universities, schools, etc. It goes way beyond the current process in the signage and design industry," said Ken Olschewske, President & CEO of Paraform Design. "With today's economic climate, businesses and organizations are looking to save money without sacrificing the integrity of their brand or the functionality of a professionally designed custom system."
Mr. Olschewske also stated, "we are also excited about the new merger with ZMGD. Paraform recently moved a larger facilities to accommodate exponential potential growth opportunities. Just so that our followers can get a grasp our new premises was once occupied by a large transmission repair shop."
Parasign is the first system in the country that offers a modular based approach to custom signage. By pre-designing the core system, colleges, universities and schools are able to take advantage of creating a unique signage system without the exorbitant design fees.
Paraform is excited about the launch and looks forward to updating investors on a timely basis.
In other company news, the ZMGD website has been updated to reflect new merger (www.zamagedigitalcorp.com).
About Paraform Design
Paraform Design is an award winning, nationally recognized design firm that creates custom branded identity, print, web and signage solutions. To learn more about Paraform Design, visit http://www.paraformdesign.com.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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 Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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.
Paraform Design is an innovator in custom signage solutions. The company has launched Parasign Systems, a customizable wayfinding system without the high cost of design.
"Parasign Systems fills a void for colleges, universities, schools, etc. It goes way beyond the current process in the signage and design industry," said Ken Olschewske, President & CEO of Paraform Design. "With today's economic climate, businesses and organizations are looking to save money without sacrificing the integrity of their brand or the functionality of a professionally designed custom system."
Mr. Olschewske also stated, "we are also excited about the new merger with ZMGD. Paraform recently moved a larger facilities to accommodate exponential potential growth opportunities. Just so that our followers can get a grasp our new premises was once occupied by a large transmission repair shop."
Parasign is the first system in the country that offers a modular based approach to custom signage. By pre-designing the core system, colleges, universities and schools are able to take advantage of creating a unique signage system without the exorbitant design fees.
Paraform is excited about the launch and looks forward to updating investors on a timely basis.
In other company news, the ZMGD website has been updated to reflect new merger (www.zamagedigitalcorp.com).
About Paraform Design
Paraform Design is an award winning, nationally recognized design firm that creates custom branded identity, print, web and signage solutions. To learn more about Paraform Design, visit http://www.paraformdesign.com.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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 Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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.
Thursday, June 23, 2011
EXMT and AMI Sign on New Clients Which Includes School Districts and Churches for DVD and CD Duplication Services
SANTA CLARA, Calif.--(BUSINESS WIRE)-- AnyThing Technologies Media Inc. (EXMT.PK) announced today that it has had many new orders in June for DVD and CD duplication services and look forward to continued strong business throughout the summer.
AMI has been servicing a wide variety of new customers, which include the Hillsborough School District in New Jersey and the Baptist Church. We are very excited to work with many new customers in the educational, religious and Music industry.
Don Yarter, VP of Marketing says, “Our DVD and CD service and fulfillment business has continued to expand and increase in breadth and width each month. We expect to have a great summer for these services”. We have added additional duplication and printing equipment to our facility to better service our customers. We our expanding our services to School districts and churches because of the many needs in this business space for media duplication.
For additional information on our Duplication Services go to:
www.anythingmediainc.com
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
AnyThing Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM will be the parent company of subsidiary Corporations, each with their own professional management team with extensive backgrounds in finance, manufacturing, marketing and distribution. ATM’s goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
ABOUT ANYTHING MEDIA INC.
AnyThing Media Inc, www.anythingmediainc.com is a “One Stop Shop” for content owners that want to distribute CD/DVD/USB or Blu-Ray Media to their customers. Specializing in CD and DVD duplication, AnyThing Media’s logistics Supply Chain Management center has complete fulfillment, mailing, printing, e-commerce, and website design solutions. Our customers range from smaller specialty content owners to some of the largest content providers in the country.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
AMI has been servicing a wide variety of new customers, which include the Hillsborough School District in New Jersey and the Baptist Church. We are very excited to work with many new customers in the educational, religious and Music industry.
Don Yarter, VP of Marketing says, “Our DVD and CD service and fulfillment business has continued to expand and increase in breadth and width each month. We expect to have a great summer for these services”. We have added additional duplication and printing equipment to our facility to better service our customers. We our expanding our services to School districts and churches because of the many needs in this business space for media duplication.
For additional information on our Duplication Services go to:
www.anythingmediainc.com
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
AnyThing Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM will be the parent company of subsidiary Corporations, each with their own professional management team with extensive backgrounds in finance, manufacturing, marketing and distribution. ATM’s goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
ABOUT ANYTHING MEDIA INC.
AnyThing Media Inc, www.anythingmediainc.com is a “One Stop Shop” for content owners that want to distribute CD/DVD/USB or Blu-Ray Media to their customers. Specializing in CD and DVD duplication, AnyThing Media’s logistics Supply Chain Management center has complete fulfillment, mailing, printing, e-commerce, and website design solutions. Our customers range from smaller specialty content owners to some of the largest content providers in the country.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.
Zamage Digital Art Imaging (ZMGD) Completes Merger With Paraform Design
HENDERSON, NEVADA--(Marketwire - 06/22/11) - Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD - News) (www.zamagedigitalcorp.com) is pleased to announce that it has completed its merger with North American company Paraform Design (www.paraformdesign.com).
The merger completed on all stock basis will leave the current share structure unchanged due to the China operating company pending sale and split off.
Paraform Design is an award winning, nationally recognized design firm that creates custom branded identity, print, web and signage solutions. ZMGD believes that Paraform Design offers a solid business concept to company shareholders. As a North American company, ZMGD management also believes that Paraform Design will entice additional business followers and alike to take an interest in ZMGD.
In conjunction with the merger, ZMGD will update its www.zamagedigitalcorp.com corporate website shortly to reflect its new subsidiary.
ZMGD will release more details on Paraform Design's daily operational activities on a timely and frequent basis moving forward.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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 Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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.
The merger completed on all stock basis will leave the current share structure unchanged due to the China operating company pending sale and split off.
Paraform Design is an award winning, nationally recognized design firm that creates custom branded identity, print, web and signage solutions. ZMGD believes that Paraform Design offers a solid business concept to company shareholders. As a North American company, ZMGD management also believes that Paraform Design will entice additional business followers and alike to take an interest in ZMGD.
In conjunction with the merger, ZMGD will update its www.zamagedigitalcorp.com corporate website shortly to reflect its new subsidiary.
ZMGD will release more details on Paraform Design's daily operational activities on a timely and frequent basis moving forward.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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 Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, 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. Zamage Digital Art Imaging, 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.
Tuesday, June 21, 2011
World Health Energy Holdings Inc. Announces Production of 70,000 Liters of Spirulina Biomass at GNE Algae Production Facility
NEW YORK, NY--(Marketwire - 06/21/11) - World Health Energy Holdings, Inc. (OTCQB: WHEN) (Pinksheets:WHEN - News), a public holding company developing joint venture partnerships for algae production for biodiesel and commercial fish food, announced today that GNE's algae production facility has successfully grown and harvested Spirulina using the proprietary GB 3000 algae growth system.
World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.
World Health Energy Holdings has exclusive distribution and licensing rights to the GNE GB 3000 system in India and Croatia. Earlier this year, the GB 3000 system was used to grow a combination of local algae species, as well as Chlorella, targeting the product to the fish feed and biodiesel markets.
Spirulina is a valuable nutritional food crop and is sold around the world as a food supplement at over $50 US per Kg. Spirulina contains 70% protein with a wide range of amino acids, beta carotene, vitamins in the B group, especially B12, calcium, iron, potassium and zinc, as well as antibiotic agents and antioxidants. The successful production of Spirulina is a significant milestone because it is a specialized crop that is more delicate than other species.
The algae production facility is currently conducting tests on the average rate of production of dry biomass, and will announce the results in the coming months.
Jeremy Werblowsky, CFO of World Health Energy Holdings, said, "This announcement is important in that it validates the significant value of the GB 3000 algae growth technology. Our success with Spirulina paves the way for WHEN to utilize the GB 3000 algae growth system for other pharmaceutical and nutraceutical crops." Werblowsky added, "We look forward to finalizing the joint venture partnerships currently in negotiations for the building of commercial algae farms for the production of biodiesel and, in the case of Spirulina production, highly nutritional and economical commercial fish food."
World Health Energy Holdings, Inc. is focused on biofuels produced from algae, which boasts substantially higher yields in comparison to ethanol derived from corn, rapeseed, jatropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. In addition, the company is pursuing an ancillary use of algae -- the efficient production of high-protein fish feed for commercial fish farms.
Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to info@worldhealthenergy.com for all future corporate press releases and industry updates.
About World Health Energy Holdings, Inc.
World Health Energy Holdings, Inc. is an emerging renewable energy and biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems. Corporate website: http://www.worldhealthenergy.com
About GNE-India, Inc. www.gne.bz
GNE Global Natural Energy Ltd. is an algae tech company with unique systems to grow algae commercially for energy and food. The Company was founded by top experts in the plant and algae field after several years of research and development to create affordable and viable algae biofuel systems.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause World Health Energy Holdings, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.
World Health Energy Holdings has exclusive distribution and licensing rights to the GNE GB 3000 system in India and Croatia. Earlier this year, the GB 3000 system was used to grow a combination of local algae species, as well as Chlorella, targeting the product to the fish feed and biodiesel markets.
Spirulina is a valuable nutritional food crop and is sold around the world as a food supplement at over $50 US per Kg. Spirulina contains 70% protein with a wide range of amino acids, beta carotene, vitamins in the B group, especially B12, calcium, iron, potassium and zinc, as well as antibiotic agents and antioxidants. The successful production of Spirulina is a significant milestone because it is a specialized crop that is more delicate than other species.
The algae production facility is currently conducting tests on the average rate of production of dry biomass, and will announce the results in the coming months.
Jeremy Werblowsky, CFO of World Health Energy Holdings, said, "This announcement is important in that it validates the significant value of the GB 3000 algae growth technology. Our success with Spirulina paves the way for WHEN to utilize the GB 3000 algae growth system for other pharmaceutical and nutraceutical crops." Werblowsky added, "We look forward to finalizing the joint venture partnerships currently in negotiations for the building of commercial algae farms for the production of biodiesel and, in the case of Spirulina production, highly nutritional and economical commercial fish food."
World Health Energy Holdings, Inc. is focused on biofuels produced from algae, which boasts substantially higher yields in comparison to ethanol derived from corn, rapeseed, jatropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. In addition, the company is pursuing an ancillary use of algae -- the efficient production of high-protein fish feed for commercial fish farms.
Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to info@worldhealthenergy.com for all future corporate press releases and industry updates.
About World Health Energy Holdings, Inc.
World Health Energy Holdings, Inc. is an emerging renewable energy and biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems. Corporate website: http://www.worldhealthenergy.com
About GNE-India, Inc. www.gne.bz
GNE Global Natural Energy Ltd. is an algae tech company with unique systems to grow algae commercially for energy and food. The Company was founded by top experts in the plant and algae field after several years of research and development to create affordable and viable algae biofuel systems.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause World Health Energy Holdings, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Sunday, June 19, 2011
Title Consulting Services, Inc. (TITL) Releases Financial Report Detailing Its Mergers and Acquisition Success
ST. PETERSBURG, FL--(Marketwire - 06/16/11) - Title Consulting Services, Inc. (Pinksheets:TITL - News), has published the company's second quarter financial report for the three months ended April 30.
The quarterly financial information is available for review at https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=53810
TITL has also submitted an attorney's letter which verifies that the material published by the company constitutes "adequate current public information."
These actions maintain TITL's Current Information status with OTC Markets, which is the highest rating a company can achieve for its level of disclosure. TITL prides itself on its transparency and will update its followers as new information arises and opportunities present themselves.
TITL had a very successful quarter in regards to its mergers and acquisitions activity and successfully acquired four companies. The added companies and associated information can be found on their website at www.titleconsultingservices.com With these acquisitions, TITL has created new avenues for growth and increased revenues which should create additional value for the company and its shareholders.
"While this quarterly report only shows a partial period for our acquisitions, it shows our commitment to growth and diversification by adding revenue generating and profitable companies to our portfolio. We look forward to next quarter's report when all of the companies are fully realized for the period," said Dustin Secor, CEO of TITL.
Safe Harbor Statement
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
The quarterly financial information is available for review at https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=53810
TITL has also submitted an attorney's letter which verifies that the material published by the company constitutes "adequate current public information."
These actions maintain TITL's Current Information status with OTC Markets, which is the highest rating a company can achieve for its level of disclosure. TITL prides itself on its transparency and will update its followers as new information arises and opportunities present themselves.
TITL had a very successful quarter in regards to its mergers and acquisitions activity and successfully acquired four companies. The added companies and associated information can be found on their website at www.titleconsultingservices.com With these acquisitions, TITL has created new avenues for growth and increased revenues which should create additional value for the company and its shareholders.
"While this quarterly report only shows a partial period for our acquisitions, it shows our commitment to growth and diversification by adding revenue generating and profitable companies to our portfolio. We look forward to next quarter's report when all of the companies are fully realized for the period," said Dustin Secor, CEO of TITL.
Safe Harbor Statement
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
TGI's Edgetech Systems Inc. (TSPG) Precious Metals Trading Platform
RED BANK, NEW JERSEY--(Marketwire - 06/17/11) - TGI Group (PINK SHEETS:TSPG - News), diversified holding company, announced today that Edgetech Systems Inc., to add precious metals to its trading platform EDGETECH Pro.
Edgetech continues development of the system into a multi-asset class trading platform and looking to add to it social environment for the traders to share information and ideas. The platform currently supports foreign exchange, precious metals and other contracts.
This purchase comes in light of recent developments, when TGI entered into an agreement with Worldlink Group plc (WLO1.F), which has patent-protected technology platform for the transfer of real time financial and other data to mobile devices and also recently acquired trading platform and creation Edgetech Systems Inc.
About Edgetech Systems Inc
Edgetech software includes a front end trading interface, a back office reporting and management system and gateways to liquidity providers, also currently supports foreign exchange and contracts for difference transactions, and has been successfully implemented in demo and live environments by several registered financial companies and is being used by their clients. TGI shall have the right to develop this source code into a multi-asset class trading platform or make any other modifications it desires to make. All modifications of the source code shall belong to TGI, and TGI shall retain all rights to these modifications.
About Worldlink Group Plc
Worldlink, one of the fastest growing providers of real-time data products and services to mobiles and desktops, founded by Neil Riches, owns a patent protected technology platform for the transfer of real time financial and other data to mobile devices. The patent is protected in both the UK and US, and is pending in Europe. The patented technology allows the development of mobile applications that provide data and information which can be delivered, displayed, and updated instantly. The technology allows access to the markets, share prices, and latest news, where and whenever it is needed. The patented process and method allows changing data to be sent efficiently across mobile telecommunications networks as only the changed data is transmitted. Initially developed to deliver financial information to a mobile device, the technique is applicable to any changing data such as travel or sports information. Worldlink's unique patented methodology applies to all mobile devices, all mobile operating systems and all mobile telecommunications networks. A key strength of the patent is that the commercial value increases as future technologies become available.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified holding company. The Company offers its products and services to clients on a worldwide basis and currently maintains JVs and strategic alliances with installation, integration and energy consulting firms. TGI's strategy is to acquire new patented technologies, components, processes, designs and methods with commercial value that will give market advantage and generate shareholder value.
About Manage Vision Inc.
Manage Vision's software suite provides managers, senior management and stakeholders the information they need to monitor operations and project deliverables in a way that permits informed decisions that introduce corrective action early, when it is least costly to the enterprise. It enables management to better govern day-to-day operations as well as specific project management. The company's software suite offers instant transparency and accountability; one central repository for all information, dynamic on-demand reports, real time access from anywhere and a flexible design with high security
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
Edgetech continues development of the system into a multi-asset class trading platform and looking to add to it social environment for the traders to share information and ideas. The platform currently supports foreign exchange, precious metals and other contracts.
This purchase comes in light of recent developments, when TGI entered into an agreement with Worldlink Group plc (WLO1.F), which has patent-protected technology platform for the transfer of real time financial and other data to mobile devices and also recently acquired trading platform and creation Edgetech Systems Inc.
About Edgetech Systems Inc
Edgetech software includes a front end trading interface, a back office reporting and management system and gateways to liquidity providers, also currently supports foreign exchange and contracts for difference transactions, and has been successfully implemented in demo and live environments by several registered financial companies and is being used by their clients. TGI shall have the right to develop this source code into a multi-asset class trading platform or make any other modifications it desires to make. All modifications of the source code shall belong to TGI, and TGI shall retain all rights to these modifications.
About Worldlink Group Plc
Worldlink, one of the fastest growing providers of real-time data products and services to mobiles and desktops, founded by Neil Riches, owns a patent protected technology platform for the transfer of real time financial and other data to mobile devices. The patent is protected in both the UK and US, and is pending in Europe. The patented technology allows the development of mobile applications that provide data and information which can be delivered, displayed, and updated instantly. The technology allows access to the markets, share prices, and latest news, where and whenever it is needed. The patented process and method allows changing data to be sent efficiently across mobile telecommunications networks as only the changed data is transmitted. Initially developed to deliver financial information to a mobile device, the technique is applicable to any changing data such as travel or sports information. Worldlink's unique patented methodology applies to all mobile devices, all mobile operating systems and all mobile telecommunications networks. A key strength of the patent is that the commercial value increases as future technologies become available.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified holding company. The Company offers its products and services to clients on a worldwide basis and currently maintains JVs and strategic alliances with installation, integration and energy consulting firms. TGI's strategy is to acquire new patented technologies, components, processes, designs and methods with commercial value that will give market advantage and generate shareholder value.
About Manage Vision Inc.
Manage Vision's software suite provides managers, senior management and stakeholders the information they need to monitor operations and project deliverables in a way that permits informed decisions that introduce corrective action early, when it is least costly to the enterprise. It enables management to better govern day-to-day operations as well as specific project management. The company's software suite offers instant transparency and accountability; one central repository for all information, dynamic on-demand reports, real time access from anywhere and a flexible design with high security
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.
Thursday, June 16, 2011
Flint Telecom Update on Ongoing VoIP Provider Acquisitions
OVERLAND PARK, KS--(Marketwire - 06/16/11) - Flint Telecom Group Inc. (http://www.flinttelecomgroup.com) (OTC.BB:FLTT - News), an international telecoms technology and services organization, today updates its shareholders and potential investors on the status of previously announced letters of intent to acquire three U.S. based VoIP and telecom service providers.
On March 3, 2011 Flint announced a completed letter of intent to acquire a regional VoIP service provider with annual revenues in excess of $2 million currently growing at 50% per year with positive net income. On April 4, 2011 Flint announced a completed letter of intent to acquire a second service provider recording annual revenues of approximately $1.5 million per year and also generating positive net income. At the time of the announcements it was anticipated that these transactions would close within 60 days. This has not yet occurred due to Flint management's focus on successfully completing its Registration Statement on Form S-1 with the U.S. Securities & Exchange Commission (the "SEC"), which went effective on June 10, 2011. On June 13, 2011, Flint announced an additional letter of intent to acquire the assets of a third telecom service provider with current annual revenues of $3 million and 10% net income. All of the above providers have existing customers, sustained revenue streams and positive net income from delivering next generation VoIP and data services to small and medium sized enterprises within the United States. With its first Form S-1 registration process now completed, management will refocus on completing these acquisitions as soon as possible and continue to expand the pipeline of additional acquisitions planned for 2011.
All three pending acquisitions continue to be contingent upon the successful completion of Flint's due diligence process, which it expects to finish within the next thirty days. When closed, the three acquisitions are expected to be immediately revenue and margin enhancing to Flint with combined annual revenues in excess of $6.5 million per year and net income of approximately 10% all of which that are growing year-on-year. Once fully consolidated, Flint management expects that the operating costs will be further reduced due to shared common services and network cost reductions that will deliver higher net incomes than are generated individually. The consideration for these acquisition are structured with some cash being paid at closing, combined with deferred cash payments with stock and performance related earn-out elements to make the acquisitions as cash neutral to Flint as possible overall. Details of each transaction will be announced as definitive agreements are executed.
Vincent Browne, Chairman and Chief Executive of Flint Telecom Group, said, "These are just one of a number of exciting initiatives underway at Flint as we start to grow our revenues again from July 2011 following a dip in the current financial year, ranging from these new acquisitions with more planned throughout 2011 to the recent launch of Flint Mobile, our wireless services operation in our telecoms unit. We also have some very exciting ventures in our financial processing area with our mobile money transfer and prepaid debit card companies commencing operations with leading banking and sponsorship partners around the world in the exploding market for these services. We fundamentally believe that the combination of these initiatives will deliver significant returns for Flint in both the short and longer term."
Mr. Browne added, "For the short term we expect to improve our operational gross margins in all segments throughout our financial year ending June 30, 2012 while keeping costs low as we continue to work towards cash positive operations at the earliest opportunity. We currently expect to achieve this important milestone throughout the next financial year on completion of these acquisitions along with those planned for the rest of calendar 2011, coupled with organic growth in our mobile and money transfer unit. Although this target is later than our previous expectations, due to the longer than anticipated stock registration process, we are now well positioned to meet this revised target. We will also recommence negotiations with our debt holders to restructure our debt to more manageable levels and payment terms so that we can ensure a solid foundation to build from going forward."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international telecoms technology organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com
Forward Looking Statements
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
On March 3, 2011 Flint announced a completed letter of intent to acquire a regional VoIP service provider with annual revenues in excess of $2 million currently growing at 50% per year with positive net income. On April 4, 2011 Flint announced a completed letter of intent to acquire a second service provider recording annual revenues of approximately $1.5 million per year and also generating positive net income. At the time of the announcements it was anticipated that these transactions would close within 60 days. This has not yet occurred due to Flint management's focus on successfully completing its Registration Statement on Form S-1 with the U.S. Securities & Exchange Commission (the "SEC"), which went effective on June 10, 2011. On June 13, 2011, Flint announced an additional letter of intent to acquire the assets of a third telecom service provider with current annual revenues of $3 million and 10% net income. All of the above providers have existing customers, sustained revenue streams and positive net income from delivering next generation VoIP and data services to small and medium sized enterprises within the United States. With its first Form S-1 registration process now completed, management will refocus on completing these acquisitions as soon as possible and continue to expand the pipeline of additional acquisitions planned for 2011.
All three pending acquisitions continue to be contingent upon the successful completion of Flint's due diligence process, which it expects to finish within the next thirty days. When closed, the three acquisitions are expected to be immediately revenue and margin enhancing to Flint with combined annual revenues in excess of $6.5 million per year and net income of approximately 10% all of which that are growing year-on-year. Once fully consolidated, Flint management expects that the operating costs will be further reduced due to shared common services and network cost reductions that will deliver higher net incomes than are generated individually. The consideration for these acquisition are structured with some cash being paid at closing, combined with deferred cash payments with stock and performance related earn-out elements to make the acquisitions as cash neutral to Flint as possible overall. Details of each transaction will be announced as definitive agreements are executed.
Vincent Browne, Chairman and Chief Executive of Flint Telecom Group, said, "These are just one of a number of exciting initiatives underway at Flint as we start to grow our revenues again from July 2011 following a dip in the current financial year, ranging from these new acquisitions with more planned throughout 2011 to the recent launch of Flint Mobile, our wireless services operation in our telecoms unit. We also have some very exciting ventures in our financial processing area with our mobile money transfer and prepaid debit card companies commencing operations with leading banking and sponsorship partners around the world in the exploding market for these services. We fundamentally believe that the combination of these initiatives will deliver significant returns for Flint in both the short and longer term."
Mr. Browne added, "For the short term we expect to improve our operational gross margins in all segments throughout our financial year ending June 30, 2012 while keeping costs low as we continue to work towards cash positive operations at the earliest opportunity. We currently expect to achieve this important milestone throughout the next financial year on completion of these acquisitions along with those planned for the rest of calendar 2011, coupled with organic growth in our mobile and money transfer unit. Although this target is later than our previous expectations, due to the longer than anticipated stock registration process, we are now well positioned to meet this revised target. We will also recommence negotiations with our debt holders to restructure our debt to more manageable levels and payment terms so that we can ensure a solid foundation to build from going forward."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international telecoms technology organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com
Forward Looking Statements
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
WHEN Signs Engagement Letter With Millennium Capital Resources LLC for Non-Dilutive Capital Raise up to $100 Million in Project Financing
Millennium Capital to Seek World Bank Loan Guarantees for Loans
NEW YORK, NY--(Marketwire - 06/16/11) - World Health Energy Holdings, Inc. (OTCQB: WHEN) (Pinksheets:WHEN - News), a public holding company focused on Algae tech and Algae-Biodiesel turnkey projects for the production of biodiesel and fish food for commercial fish farms, announced today that the company signed an engagement letter with Millennium Capital Resources (MCR) LLC to raise up to $100 million in working capital through non-equity financing. As an integral part of the capital raise, MCR is to facilitate the issuance of loan guarantees from the World Bank.
The use of proceeds of the non-dilutive capital raise is to finance planned algae farm projects in India. The projects will utilize the GB3000, an Algae Enhancement Technology used for the efficient production of rapidly growing algae.
Millennium Capital Resources LLC is a project development and financial advisory firm focused on providing institutional equity, secured and mezzanine loan capital, corporate advisory services and merger and acquisition services to middle market companies and to its deal partners. To date, Millennium Capital has closed over 7 billion dollars in deals.
The firm was founded to provide project development services as well as financial and advisory services to companies operating in the middle-market.
Millennium focuses on private companies with revenues under $500 million, which face a complex and unique set of growth, capital and liquidity issues. Large Wall Street firms and regional investment banks typically focus their resources on larger transactions and often ignore the business and financial needs of companies with good revenue streams but lacking certain elements that large investment banks feel are important to execute a market deal.
Millennium has a long history in the mining and minerals sector as well as the conventional and alternative energy sectors. Millennium's strengths lie in its complete understanding of the political, permitting, project development and management of all types of mining and energy programs, including their financing, institutional equity investment, secured and mezzanine loans. Millennium's advisory services have included major projects for the corporate and governmental areas.
Michael Fromer is the Founder and Senior Managing Director of Millennium Capital Resources LLC and a Founder and Managing Director Millennium Energy Holdings, LLC. He is a senior executive with 35 years of operating, consulting and project development experience in the mining, minerals and energy sectors, as well as financing expertise in various rust belt industries, including plant development, real estate and the surety industries. He leads a well-seasoned team of investment banking veterans
with years of experience of identifying opportunities for its corporate clients and its investors.
Mr. Fromer has been an owner and operator of coal mining companies located throughout Pennsylvania, Tennessee, Virginia, West Virginia and Alabama. As a financial consultant, mortgage banker and investment banker, Mr. Fromer has been involved in arranging major financing for mergers and acquisitions, mining and drilling tax shelters, equipment, debt and equity financings in the coal, oil, gas and alternative energy industries and the equivalents in real estate mortgage financings, real estate tax shelters, sales and acquisitions, including construction financings and sales of apartment buildings, factories and various types of industrial plants in the New York tri-state, Pennsylvania, West Virginia, Tennessee, Kentucky, Alabama, and Utah regions for large industrial, residential and commercial developers. Mr. Fromer's commercial property financings have included major hotels, shopping centers, parking facilities, office buildings, coal mines, cleaning plants, asphalt plants, quarries and quarry plants.
Jeremy Werblowsky, CFO of World Health Energy Holdings, said, "World Health Energy looks forward to working with Millennium Capital Resources in obtaining the financing, utilizing debt financing and not relying on equity financing. By using non-dilutive financing, World Health Energy is demonstrating its resolve to enhance shareholder value."
World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.
World Health Energy Holdings, Inc. has formulated a business plan focused on biofuels produced from algae, which boasts substantially higher yields in comparison to ethanol derived from corn, rapeseed, jatropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. In addition, the company is pursuing an ancillary use of algae -- the efficient production of high-protein fish feed for commercial fish farms.
Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to info@worldhealthenergy.com for all future corporate press releases and industry updates.
About World Health Energy Holdings, Inc.
http://www.worldhealthenergy.com
World Health Energy Holdings, Inc. is an emerging renewable energy and biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems.
About GNE-India, Inc. www.gne.bz
GNE Global Natural Energy Ltd. is an algae tech company with unique systems to grow algae commercially for energy and food. The Company was founded by top experts in the plant and algae field after several years of Research and Development to create affordable and viable algae biofuel systems.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause World Health Energy Holdings, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
NEW YORK, NY--(Marketwire - 06/16/11) - World Health Energy Holdings, Inc. (OTCQB: WHEN) (Pinksheets:WHEN - News), a public holding company focused on Algae tech and Algae-Biodiesel turnkey projects for the production of biodiesel and fish food for commercial fish farms, announced today that the company signed an engagement letter with Millennium Capital Resources (MCR) LLC to raise up to $100 million in working capital through non-equity financing. As an integral part of the capital raise, MCR is to facilitate the issuance of loan guarantees from the World Bank.
The use of proceeds of the non-dilutive capital raise is to finance planned algae farm projects in India. The projects will utilize the GB3000, an Algae Enhancement Technology used for the efficient production of rapidly growing algae.
Millennium Capital Resources LLC is a project development and financial advisory firm focused on providing institutional equity, secured and mezzanine loan capital, corporate advisory services and merger and acquisition services to middle market companies and to its deal partners. To date, Millennium Capital has closed over 7 billion dollars in deals.
The firm was founded to provide project development services as well as financial and advisory services to companies operating in the middle-market.
Millennium focuses on private companies with revenues under $500 million, which face a complex and unique set of growth, capital and liquidity issues. Large Wall Street firms and regional investment banks typically focus their resources on larger transactions and often ignore the business and financial needs of companies with good revenue streams but lacking certain elements that large investment banks feel are important to execute a market deal.
Millennium has a long history in the mining and minerals sector as well as the conventional and alternative energy sectors. Millennium's strengths lie in its complete understanding of the political, permitting, project development and management of all types of mining and energy programs, including their financing, institutional equity investment, secured and mezzanine loans. Millennium's advisory services have included major projects for the corporate and governmental areas.
Michael Fromer is the Founder and Senior Managing Director of Millennium Capital Resources LLC and a Founder and Managing Director Millennium Energy Holdings, LLC. He is a senior executive with 35 years of operating, consulting and project development experience in the mining, minerals and energy sectors, as well as financing expertise in various rust belt industries, including plant development, real estate and the surety industries. He leads a well-seasoned team of investment banking veterans
with years of experience of identifying opportunities for its corporate clients and its investors.
Mr. Fromer has been an owner and operator of coal mining companies located throughout Pennsylvania, Tennessee, Virginia, West Virginia and Alabama. As a financial consultant, mortgage banker and investment banker, Mr. Fromer has been involved in arranging major financing for mergers and acquisitions, mining and drilling tax shelters, equipment, debt and equity financings in the coal, oil, gas and alternative energy industries and the equivalents in real estate mortgage financings, real estate tax shelters, sales and acquisitions, including construction financings and sales of apartment buildings, factories and various types of industrial plants in the New York tri-state, Pennsylvania, West Virginia, Tennessee, Kentucky, Alabama, and Utah regions for large industrial, residential and commercial developers. Mr. Fromer's commercial property financings have included major hotels, shopping centers, parking facilities, office buildings, coal mines, cleaning plants, asphalt plants, quarries and quarry plants.
Jeremy Werblowsky, CFO of World Health Energy Holdings, said, "World Health Energy looks forward to working with Millennium Capital Resources in obtaining the financing, utilizing debt financing and not relying on equity financing. By using non-dilutive financing, World Health Energy is demonstrating its resolve to enhance shareholder value."
World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.
World Health Energy Holdings, Inc. has formulated a business plan focused on biofuels produced from algae, which boasts substantially higher yields in comparison to ethanol derived from corn, rapeseed, jatropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. In addition, the company is pursuing an ancillary use of algae -- the efficient production of high-protein fish feed for commercial fish farms.
Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to info@worldhealthenergy.com for all future corporate press releases and industry updates.
About World Health Energy Holdings, Inc.
http://www.worldhealthenergy.com
World Health Energy Holdings, Inc. is an emerging renewable energy and biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems.
About GNE-India, Inc. www.gne.bz
GNE Global Natural Energy Ltd. is an algae tech company with unique systems to grow algae commercially for energy and food. The Company was founded by top experts in the plant and algae field after several years of Research and Development to create affordable and viable algae biofuel systems.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause World Health Energy Holdings, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Hi Score Receives Yet Another Six Figure Lighting Contract
MIAMI, June 15, 2011 /PRNewswire/ -- Hi Score Corporation (PINKSHEETS:HSCO.pk - News) announced today that it has received another six figure approval on a lighting contract. The company recognizes that a low six figure sale on its own is not that significant. However, according to Hi Score COO Dominick Falso, "the fact that the company seems to be writing one of these each week or so is very significant. This puts us on track to exceed our previously stated sales goals." The sales orders are coming through DMD Lighting and Energy Control Systems, the newly acquired Hi Score subsidiary. Each of the recent orders is in excess of one hundred thousand dollars.
"I have been working on several orders for a while now…it is nice to see them begin to fall in on a regular basis. I really have not had a chance to watch the news much," continued Falso, "but from where I stand it looks as though the economy is picking up."
Dominick Falso was recently appointed as Hi Score's Chief Operating Officer. The appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score-owned DMD Lighting & Energy Control Systems Inc. Mr. Falso was brought on to bolster the company's lagging gross sales volume. The company is very optimistic about the future.
About Hi Score
Hi Score Corporation is a supplier of eco-friendly lighting products in the Western Hemisphere. It offers its customers the fiscal and ecological practicality of utilizing safe, efficient, solid state green lighting rather than conventional fluorescent and incandescent bulbs. The Company offers the widest selection of high quality, long lasting LED lighting products that that can replace existing incandescent, fluorescent and halogen bulbs as well as compact fluorescent lights. Additionally the Company offers Compact Fluorescent and Halogen Lighting under its EcoGreenBulb and REPCO Labels, respectively. The Company sells its products directly to distributors, consumers and businesses, as well as to municipalities.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
"I have been working on several orders for a while now…it is nice to see them begin to fall in on a regular basis. I really have not had a chance to watch the news much," continued Falso, "but from where I stand it looks as though the economy is picking up."
Dominick Falso was recently appointed as Hi Score's Chief Operating Officer. The appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score-owned DMD Lighting & Energy Control Systems Inc. Mr. Falso was brought on to bolster the company's lagging gross sales volume. The company is very optimistic about the future.
About Hi Score
Hi Score Corporation is a supplier of eco-friendly lighting products in the Western Hemisphere. It offers its customers the fiscal and ecological practicality of utilizing safe, efficient, solid state green lighting rather than conventional fluorescent and incandescent bulbs. The Company offers the widest selection of high quality, long lasting LED lighting products that that can replace existing incandescent, fluorescent and halogen bulbs as well as compact fluorescent lights. Additionally the Company offers Compact Fluorescent and Halogen Lighting under its EcoGreenBulb and REPCO Labels, respectively. The Company sells its products directly to distributors, consumers and businesses, as well as to municipalities.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
Wednesday, June 15, 2011
Hi Score Holding, DMD, Opens Sales Office in Northeast United States
MIAMI, June 14, 2011 /PRNewswire/ -- Hi Score Corporation (PINKSHEETS:HSCO.pk - News) announced today that its holding, DMD Lighting and Energy Control Systems, will be opening a Sales, Marketing and Processing office in Somerset, New Jersey. The office will be operated by JTW Holdings on behalf of DMD. This new office will put DMD in a position to more efficiently process orders from the Port Authority of New York and New Jersey as well as other government and industrial customers in the Northeast United States. The agreement comes within weeks of DMD closing a deal with JTW wherein JTW has agreed to introduce DMD to several large commercial and government customers, up and down the East Coast but primarily in the Northeastern United States.
"We are very excited about this expansion," said Dominick Falso, COO of Hi Score and President of DMD. "Our relationship with JTW promises to net us a considerable amount of business in the Northeastern United States. We are doing the ground work now for a substantial amount of this work…much of which will materialize this year. I could not be happier about the way things are working out. This business is in addition to the orders that I have been speaking about in previous remarks. I will discuss our actual sales figures in the near future, but as I said, I am pleased with the way that things are working out."
Dominick Falso was appointed as Hi Score's Chief Operating Officer in January of this year. The appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score-owned DMD Lighting & Energy Control Systems Inc. Mr. Falso was brought on to bolster the company's lagging gross sales volume. The company is very optimistic about the future.
About Hi Score
Hi Score Corporation is a supplier of eco-friendly lighting products in the Western Hemisphere. It offers its customers the fiscal and ecological practicality of utilizing safe, efficient, solid state green lighting rather than conventional fluorescent and incandescent bulbs. The Company offers the widest selection of high quality, long lasting LED lighting products that that can replace existing incandescent, fluorescent and halogen bulbs as well as compact fluorescent lights. Additionally the Company offers Compact Fluorescent and Halogen Lighting under its EcoGreenBulb and REPCO Labels, respectively. The Company sells its products directly to distributors, consumers and businesses, as well as to municipalities.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
"We are very excited about this expansion," said Dominick Falso, COO of Hi Score and President of DMD. "Our relationship with JTW promises to net us a considerable amount of business in the Northeastern United States. We are doing the ground work now for a substantial amount of this work…much of which will materialize this year. I could not be happier about the way things are working out. This business is in addition to the orders that I have been speaking about in previous remarks. I will discuss our actual sales figures in the near future, but as I said, I am pleased with the way that things are working out."
Dominick Falso was appointed as Hi Score's Chief Operating Officer in January of this year. The appointment was made just weeks after Mr. Falso accepted the position as CEO of Hi Score-owned DMD Lighting & Energy Control Systems Inc. Mr. Falso was brought on to bolster the company's lagging gross sales volume. The company is very optimistic about the future.
About Hi Score
Hi Score Corporation is a supplier of eco-friendly lighting products in the Western Hemisphere. It offers its customers the fiscal and ecological practicality of utilizing safe, efficient, solid state green lighting rather than conventional fluorescent and incandescent bulbs. The Company offers the widest selection of high quality, long lasting LED lighting products that that can replace existing incandescent, fluorescent and halogen bulbs as well as compact fluorescent lights. Additionally the Company offers Compact Fluorescent and Halogen Lighting under its EcoGreenBulb and REPCO Labels, respectively. The Company sells its products directly to distributors, consumers and businesses, as well as to municipalities.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
EIHC CEO Renews Growth Strategy, Reaffirms 36 Million Shares Lock Up Agreement and Tower Turbines Acquisition
WEST CONSHOHOCKEN, PA--(Marketwire - 06/14/11) - Environmental Infrastructure Holdings Corp (OTC.BB:EIHC - News) today announced that its CEO and President, Michael D. Parrish, presented management's expectations and vision for the next 12 months and beyond:
1. Our target revenue growth rate for the next twelve months of 50% or better is to be achieved through increased organic sales with current customers as well as potential acquisitions.
2. We are in discussions with several potential acquisition candidates who will provide the team with expanded offerings as well as increased geographic presence in North America.
3. We intend to quickly complete the integration of Tower Turbines and commercialize and continue their patent process.
4. We expect our R&D and manufacturing processes to become ISO certified.
5. We will establish a responsive customer service organization with training and service centers located in strategic areas throughout the country.
6. Working with several potential new suppliers, we are moving aggressively to expand our product offerings and develop a robust pipeline of new products applicable to focused industries, specifically the oil & gas, manufacturing, food & beverage, and commercial markets which includes hospitals, schools, government facilities, etc.
7. Longer term, we intend to have an operating rigor that completes and integrates one acquisition per quarter on average.
Mr. Parrish stated: "We are again gratified by and continue to be very much optimistic about the value opportunity presented by our acquisition of Tower Turbines Inc. As we integrate the acquisition in to the Company's operations we foresee adding potential additional revenue of $62 million over the next four years."
In addition, Company management reaffirmed the insiders' 36 million share lock up representing 43% of the total outstanding common stock shares of the Company.
Mr. Parrish stated, "For the past year, we have focused internally on consolidating and divesting our non-profitable and under performing assets and are now in a position to refocus and accelerate our growth plans. With the core team we have in place, combined with our recent acquisitions and added commitment from our leadership via their lock up agreement, I am confident that we can achieve our long term goals."
About Environmental Infrastructure Holdings Corp.
Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has one subsidiary, Equisol, LLC, as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, acquisitions, new product development, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
1. Our target revenue growth rate for the next twelve months of 50% or better is to be achieved through increased organic sales with current customers as well as potential acquisitions.
2. We are in discussions with several potential acquisition candidates who will provide the team with expanded offerings as well as increased geographic presence in North America.
3. We intend to quickly complete the integration of Tower Turbines and commercialize and continue their patent process.
4. We expect our R&D and manufacturing processes to become ISO certified.
5. We will establish a responsive customer service organization with training and service centers located in strategic areas throughout the country.
6. Working with several potential new suppliers, we are moving aggressively to expand our product offerings and develop a robust pipeline of new products applicable to focused industries, specifically the oil & gas, manufacturing, food & beverage, and commercial markets which includes hospitals, schools, government facilities, etc.
7. Longer term, we intend to have an operating rigor that completes and integrates one acquisition per quarter on average.
Mr. Parrish stated: "We are again gratified by and continue to be very much optimistic about the value opportunity presented by our acquisition of Tower Turbines Inc. As we integrate the acquisition in to the Company's operations we foresee adding potential additional revenue of $62 million over the next four years."
In addition, Company management reaffirmed the insiders' 36 million share lock up representing 43% of the total outstanding common stock shares of the Company.
Mr. Parrish stated, "For the past year, we have focused internally on consolidating and divesting our non-profitable and under performing assets and are now in a position to refocus and accelerate our growth plans. With the core team we have in place, combined with our recent acquisitions and added commitment from our leadership via their lock up agreement, I am confident that we can achieve our long term goals."
About Environmental Infrastructure Holdings Corp.
Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has one subsidiary, Equisol, LLC, as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, acquisitions, new product development, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Monday, June 13, 2011
Flint Telecom Completes Letter of Intent to Acquire Third Telecom Service Provider
OVERLAND PARK, KS--(Marketwire - 06/13/11) - Flint Telecom Group, Inc. (http://www.flinttelecomgroup.com) (OTC.BB:FLTT - News), an international telecoms technology and services organization, today announces that it has completed a Letter of Intent to acquire the assets of a telecom company providing services to small and medium enterprises and other groups in the United States. Under the terms of the non-binding letter of intent, Flint Telecom will acquire all of the customers, equipment, contracts and operating licenses on completion of definitive agreements and required regulatory filings.
The assets being acquired are currently generating positive net income of approximately 10% on annual revenues in excess of $3 million. When consolidated with other announced and pending acquisitions, operating costs should be further reduced due to shared common services and network cost reductions that are expected to further improve net income.
Under the terms of the letter of intent, definitive agreements are planned to complete within 45 days following standard due diligence at which point Flint Telecom will have to provide a $100,000 non-refundable deposit to move to closing. The agreed purchase price for the assets is $1 million in cash with a further $250,000 at closing with the remaining balance spread over 14 months from closing.
In 2010, Fierce VoIP magazine quoted an In-Stat report stating that VoIP penetration will double by 2013 to 79 percent from about 33 percent of companies in 2009. Broadband IP Telephony revenue will also double by 2013, In-Stat said, fueled by single user applications as well as the mobile workforce.
Vincent Browne, Chairman and Chief Executive of Flint Telecom Group, said, "This continues our stated acquisition strategy to achieve our target of ten acquisitions this year, creating a highly profitable business unit delivering integrated voice, data and wireless services to small and medium sized enterprises with profitable annual revenues in excess of $20 million. This deal comes on the back of our first Form-S1 filing, in conjunction with our Kodiak Capital equity line, being made effective. With that milestone achieved, we can now show prospective acquisitions and customers that we have access to sufficient capital over the next two years to fund operations and strengthen our balance sheet. It will also free up management resources to concentrate on completing this and previously announced letters of intent that have been delayed due to the current Form-S1 filing process."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international Telecoms Technology Organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
The assets being acquired are currently generating positive net income of approximately 10% on annual revenues in excess of $3 million. When consolidated with other announced and pending acquisitions, operating costs should be further reduced due to shared common services and network cost reductions that are expected to further improve net income.
Under the terms of the letter of intent, definitive agreements are planned to complete within 45 days following standard due diligence at which point Flint Telecom will have to provide a $100,000 non-refundable deposit to move to closing. The agreed purchase price for the assets is $1 million in cash with a further $250,000 at closing with the remaining balance spread over 14 months from closing.
In 2010, Fierce VoIP magazine quoted an In-Stat report stating that VoIP penetration will double by 2013 to 79 percent from about 33 percent of companies in 2009. Broadband IP Telephony revenue will also double by 2013, In-Stat said, fueled by single user applications as well as the mobile workforce.
Vincent Browne, Chairman and Chief Executive of Flint Telecom Group, said, "This continues our stated acquisition strategy to achieve our target of ten acquisitions this year, creating a highly profitable business unit delivering integrated voice, data and wireless services to small and medium sized enterprises with profitable annual revenues in excess of $20 million. This deal comes on the back of our first Form-S1 filing, in conjunction with our Kodiak Capital equity line, being made effective. With that milestone achieved, we can now show prospective acquisitions and customers that we have access to sufficient capital over the next two years to fund operations and strengthen our balance sheet. It will also free up management resources to concentrate on completing this and previously announced letters of intent that have been delayed due to the current Form-S1 filing process."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international Telecoms Technology Organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
EIHC Announces Lock Up Agreement Representing 36 Million Shares of the Company's 83 Million Total Shares Outstanding and Reaffirms Tower Turbines
Acquisition Growth Opportunity and Potential 4 Year Revenue of Over $62 Million
WEST CONSHOHOCKEN, PA--(Marketwire - 06/07/11) - Environmental Infrastructure Holdings Corp (OTC.BB:EIHC - News) today announced that its Board of Directors and executive officers have entered into a three month lock-up agreement as of June 3, 2011 which will effectively lock up a total of 36 million shares of the Company's stock owned by them collectively or 43% of the Company's 83 million total shares outstanding for the period commencing as of June 1, 2011 until September 1, 2011 with the option to extend the period. The Agreement provides that each Director and Officer will not directly or indirectly trade or sell or otherwise transact their portion of the 36 million common shares of the Company for the stated period. One exception has been made in behalf of the Company's President, Kurt Given, whose lock up allows him to sell as of July 1, 2011 a limit of $1000 per day in Company shares up to 700,000 common stock shares for accumulated deferred compensation.
"The purpose of the lock up agreement is to foster long term interest in our stock among our existing and new shareholders and investors. Management and our Board are strongly committed to our acquisition model and long term growth," said Michael Parrish, Company Chairman.
Kurt Given, President of the Company's wholly owned subsidiary, Equisol LLC, stated, "As CEO and co-founder of Equisol LLC, I have made a long term personal and professional commitment to the success of Equisol and our parent company, Environmental Infrastructure Holdings Corp.. With the recent acquisition of Tower Turbines Inc. we are continuing to meet the mandate of our acquisition model and we are confident that the potential revenue opportunity over $62 million as projected by the former owners of Tower Turbines Inc. over the next four years is genuinely within our reach."
About Environmental Infrastructure Holdings Corp.
Environmental Infrastructure Holdings (OTC.BB:EIHC - News) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has one subsidiary, Equisol, LLC, as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, acquisitions, new product development, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
WEST CONSHOHOCKEN, PA--(Marketwire - 06/07/11) - Environmental Infrastructure Holdings Corp (OTC.BB:EIHC - News) today announced that its Board of Directors and executive officers have entered into a three month lock-up agreement as of June 3, 2011 which will effectively lock up a total of 36 million shares of the Company's stock owned by them collectively or 43% of the Company's 83 million total shares outstanding for the period commencing as of June 1, 2011 until September 1, 2011 with the option to extend the period. The Agreement provides that each Director and Officer will not directly or indirectly trade or sell or otherwise transact their portion of the 36 million common shares of the Company for the stated period. One exception has been made in behalf of the Company's President, Kurt Given, whose lock up allows him to sell as of July 1, 2011 a limit of $1000 per day in Company shares up to 700,000 common stock shares for accumulated deferred compensation.
"The purpose of the lock up agreement is to foster long term interest in our stock among our existing and new shareholders and investors. Management and our Board are strongly committed to our acquisition model and long term growth," said Michael Parrish, Company Chairman.
Kurt Given, President of the Company's wholly owned subsidiary, Equisol LLC, stated, "As CEO and co-founder of Equisol LLC, I have made a long term personal and professional commitment to the success of Equisol and our parent company, Environmental Infrastructure Holdings Corp.. With the recent acquisition of Tower Turbines Inc. we are continuing to meet the mandate of our acquisition model and we are confident that the potential revenue opportunity over $62 million as projected by the former owners of Tower Turbines Inc. over the next four years is genuinely within our reach."
About Environmental Infrastructure Holdings Corp.
Environmental Infrastructure Holdings (OTC.BB:EIHC - News) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has one subsidiary, Equisol, LLC, as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, acquisitions, new product development, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Sunday, June 12, 2011
Flint Telecom Announces Its Registration Statement Declared Effective
Makes Way for Structured Financing Under $15m Kodiak Agreement
OVERLAND PARK, KS--(Marketwire - 06/10/11) - Flint Telecom Group, Inc. (OTC.BB:FLTT - News) ("Flint Telecom" or the "Company"), an international telecoms technology and services organization, announced today that its Registration Statement on Form S-1 has been declared effective by the U.S. Securities & Exchange Commission (the "SEC"). The final Prospectus (the "Prospectus") is available at the SEC's website www.sec.gov, under the Company's SEC filings.
Flint Telecom's agreement with Kodiak Capital Partners LLC ("Kodiak") contemplates the potential future issuance and sale of up to $15,000,000 of its common stock to Kodiak, subject to certain conditions and limitations. Initially, under the Prospectus, Flint Telecom will begin drawing down funds under its two-year, $15,000,000 equity line provided by Kodiak (the "Equity Line"). Flint Telecom registered 50 million shares of its common stock in the Prospectus to use in conjunction with the Equity Line.
At the Company's current share price, the Company's net proceeds would be approximately $49,000 if 100% if all of the shares (50,000,000 shares) are sold at such price. Although the number of shares of common stock that Flint's stockholders presently own will not decrease, those shares will represent a smaller percentage of Flint's total shares that will be outstanding after any issuances of shares of common stock to Kodiak. It is likely that the sale of these shares into the public market by Kodiak will depress the market price of Flint's common stock.
Bernard Fried, the Company's President and Chief Operating Officer, commented, saying, "Our registration statement's effectiveness should enable Flint Telecom to move forward with our previously announced projects, key partners and pending acquisitions that had been awaiting completion of this key milestone. It will also free up management resources to concentrate on completing the announced LOI's to acquire turnkey VoIP companies providing services to small and medium enterprises (SMEs) in the United States." He continued, "We can also now move forward on a number of domestic and international partnerships and joint ventures with the prepaid debit card programs. Some of the key partners wanted to be sure that Flint was adequately funded before launching what are key services for them. We look forward to moving these projects forward and over the next couple of weeks we plan to issue status updates on all previously announced projects to hopefully provide greater transparency to our shareholders and the investment community alike."
Vincent Browne, Chairman and Chief Executive Officer of Flint Telecom, stated, "This is a truly significant milestone for Flint Telecom and one that we have been working diligently on for nearly a year. Having our registration statement go effective provides a more structured funding environment for the Company going forward. Also, having such capital available should also allow us to address past debt in a structured approach and will open up new funding sources to us that would otherwise not be available." He continued, "This event also significantly reduces our sole reliance on convertible debt to fund operations, which have been the only source available to the Company to date. Kodiak can only purchase shares as requested by Flint. However, it must be noted that the Company will still need to issue new shares in order to draw funds from Kodiak, but at a significantly reduced discount of 5% to the market price rather than the 50% with convertible debt used to date. Therefore, the issuance of new shares may still cause the market price to decline irrespective of the lower discount. We will continue to try to minimize the amount of new shares we issue with balancing the need to grow and build a profitable and self sustaining company in as short a time as possible to deliver better returns for our shareholders going forward."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international Telecoms Technology Organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas, with offices throughout the U.S., India and Ireland, Flint Telecom is a fully reporting company quoted on the Over-the-Counter Bulletin Board under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com.
Forward Looking Statements
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
OVERLAND PARK, KS--(Marketwire - 06/10/11) - Flint Telecom Group, Inc. (OTC.BB:FLTT - News) ("Flint Telecom" or the "Company"), an international telecoms technology and services organization, announced today that its Registration Statement on Form S-1 has been declared effective by the U.S. Securities & Exchange Commission (the "SEC"). The final Prospectus (the "Prospectus") is available at the SEC's website www.sec.gov, under the Company's SEC filings.
Flint Telecom's agreement with Kodiak Capital Partners LLC ("Kodiak") contemplates the potential future issuance and sale of up to $15,000,000 of its common stock to Kodiak, subject to certain conditions and limitations. Initially, under the Prospectus, Flint Telecom will begin drawing down funds under its two-year, $15,000,000 equity line provided by Kodiak (the "Equity Line"). Flint Telecom registered 50 million shares of its common stock in the Prospectus to use in conjunction with the Equity Line.
At the Company's current share price, the Company's net proceeds would be approximately $49,000 if 100% if all of the shares (50,000,000 shares) are sold at such price. Although the number of shares of common stock that Flint's stockholders presently own will not decrease, those shares will represent a smaller percentage of Flint's total shares that will be outstanding after any issuances of shares of common stock to Kodiak. It is likely that the sale of these shares into the public market by Kodiak will depress the market price of Flint's common stock.
Bernard Fried, the Company's President and Chief Operating Officer, commented, saying, "Our registration statement's effectiveness should enable Flint Telecom to move forward with our previously announced projects, key partners and pending acquisitions that had been awaiting completion of this key milestone. It will also free up management resources to concentrate on completing the announced LOI's to acquire turnkey VoIP companies providing services to small and medium enterprises (SMEs) in the United States." He continued, "We can also now move forward on a number of domestic and international partnerships and joint ventures with the prepaid debit card programs. Some of the key partners wanted to be sure that Flint was adequately funded before launching what are key services for them. We look forward to moving these projects forward and over the next couple of weeks we plan to issue status updates on all previously announced projects to hopefully provide greater transparency to our shareholders and the investment community alike."
Vincent Browne, Chairman and Chief Executive Officer of Flint Telecom, stated, "This is a truly significant milestone for Flint Telecom and one that we have been working diligently on for nearly a year. Having our registration statement go effective provides a more structured funding environment for the Company going forward. Also, having such capital available should also allow us to address past debt in a structured approach and will open up new funding sources to us that would otherwise not be available." He continued, "This event also significantly reduces our sole reliance on convertible debt to fund operations, which have been the only source available to the Company to date. Kodiak can only purchase shares as requested by Flint. However, it must be noted that the Company will still need to issue new shares in order to draw funds from Kodiak, but at a significantly reduced discount of 5% to the market price rather than the 50% with convertible debt used to date. Therefore, the issuance of new shares may still cause the market price to decline irrespective of the lower discount. We will continue to try to minimize the amount of new shares we issue with balancing the need to grow and build a profitable and self sustaining company in as short a time as possible to deliver better returns for our shareholders going forward."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international Telecoms Technology Organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas, with offices throughout the U.S., India and Ireland, Flint Telecom is a fully reporting company quoted on the Over-the-Counter Bulletin Board under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com.
Forward Looking Statements
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Wednesday, June 8, 2011
Flint Telecom to Use Ireland as Base to Address the Growing Mobile Remittance and Debit Card Market in Europe and Middle East
OVERLAND PARK, KS--(Marketwire - 06/07/11) - Flint Telecom Group, Inc. (OTC.BB:FLTT - News) ("Flint Telecom" or the "Company"), an international telecoms technology and services organization, announced today that it plans to expand its debit card and mobile remittance operations to Europe and the Middle East by enhancing the Company's existing resources in Ireland. By growing existing operations in Ireland, Flint Telecom aims to provide prepaid debit cards and mobile remittance technology and services to European and Middle Eastern mobile operators, banks and other program sponsors in the region in the second half of 2011.
The market for mobile remittance services and prepaid debit cards continues to experience rapid adoption and growth. Juniper Research ("Juniper"), a leading international research firm, recently forecast that, based on gross transaction values driven principally from migrant workers based in developed countries, the international mobile money transfer market will be worth in excess of $65 billion by 2014. Juniper also expects North America and Western Europe to be the main remittance sending regions by that time.
Mobile phones provide a new remittance channel with greater reach than traditional methods. Mobile phones now significantly outnumber ATMs, giving mobile operators a level of reach far greater than money transfer providers and banks, and therefore, are uniquely positioned to solve the access problem and drive costs down to levels that open the formal remittance channel to users that would otherwise seek informal methods of remittance. The Irish office is tasked with developing relationships with banks and mobile operators in the region and to strengthen links with our growing number of partner banks in India and Vietnam.
Vincent Browne, Chairman and Chief Executive Officer of Flint Telecom, commented, "I am obviously very pleased to announce enhancement of our operations in Ireland, my home country. Despite the downturn, Ireland, as a key member of the European Union, continues to punch above its weight with regard to attracting foreign investment given its access to European markets, educated and experience workforce and to its firm commitment to low corporation tax. We already have a strong team in Ireland with years of international sales and market development experience that we will leverage to grow our mobile remittance business in these geographies. While we do not expect any revenues from this office in 2011, we are taking the steps now to establish ourselves in these markets, at no additional cost to the group, to establish ourselves as a key player in these markets."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international Telecoms Technology Organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com.
Forward Looking Statements
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
The market for mobile remittance services and prepaid debit cards continues to experience rapid adoption and growth. Juniper Research ("Juniper"), a leading international research firm, recently forecast that, based on gross transaction values driven principally from migrant workers based in developed countries, the international mobile money transfer market will be worth in excess of $65 billion by 2014. Juniper also expects North America and Western Europe to be the main remittance sending regions by that time.
Mobile phones provide a new remittance channel with greater reach than traditional methods. Mobile phones now significantly outnumber ATMs, giving mobile operators a level of reach far greater than money transfer providers and banks, and therefore, are uniquely positioned to solve the access problem and drive costs down to levels that open the formal remittance channel to users that would otherwise seek informal methods of remittance. The Irish office is tasked with developing relationships with banks and mobile operators in the region and to strengthen links with our growing number of partner banks in India and Vietnam.
Vincent Browne, Chairman and Chief Executive Officer of Flint Telecom, commented, "I am obviously very pleased to announce enhancement of our operations in Ireland, my home country. Despite the downturn, Ireland, as a key member of the European Union, continues to punch above its weight with regard to attracting foreign investment given its access to European markets, educated and experience workforce and to its firm commitment to low corporation tax. We already have a strong team in Ireland with years of international sales and market development experience that we will leverage to grow our mobile remittance business in these geographies. While we do not expect any revenues from this office in 2011, we are taking the steps now to establish ourselves in these markets, at no additional cost to the group, to establish ourselves as a key player in these markets."
About Flint Telecom Group, Inc.
Flint Telecom Group Inc. is an international Telecoms Technology Organization with a portfolio of companies that deliver VoIP and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com.
Forward Looking Statements
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Tuesday, June 7, 2011
ASCC Construction (EVDR) Hosts a Safety Seminar
CHANDIGARH, India, June 7, 2011 /PRNewswire/ -- Evader, Inc. (Pinksheets:EVDR.pk - News) subsidiary ASCC, the nation's leading infrastructure company, has hosted a Construction Safety Training program for its workers.
The goal of the seminar was to educate the workers to understand the main principles of accident causation, identify common hazards and assess risks relating to construction work, apply the basic principles of construction site safety to assist all persons, understand the basic requirements of health and safety best practice as applied to construction, and understand the principles of construction site safety inspections, hazard recognition and accident investigation.
"At ASCC, we are committed to the safety of our workers and from time to time we keep on holding such training programs," said Mr. Walia, Managing Director of ASCC.
The spirit of the safety seminar was boosted with the company's plans and announcement to reduce (buy back from majority shareholder) over 500 million shares of EVDR stock.
More details will follow shortly.
ABOUT ASCC
Evader, Inc. and ASCC are involved in executing large and complicated civil engineering projects in India, with emphasis on roads, bridges, earthwork, highways and as a promoter-colonizer of housing complexes that demand a high degree of skill and expertise. The company has achieved tremendous growth since its incorporation in 1987.
ASCC is equipped to handle a wide variety of projects and maintain uncompromising quality standards at every stage. It's committed to providing professional service, high-grade construction, appreciable finish and the timely completion of all projects. ASCC's team of dedicated technical and managerial personnel has vast experience in a number of fields that enable it to undertake any challenging job.
ASCC's reputation is based on strong customer orientation, technological sophistication and an impressive record of achievements. Many of the civil engineering projects executed by ASCC have set new benchmarks in terms of scale, sophistication and speed.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Evader, 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. Evader, Inc. cautions you that any forward-looking information provided by or on behalf of Evader, 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. Evader, 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 Evader, Inc.'s control. In addition to those discussed in Evader, Inc.'s press releases, public filings, and statements by Evader, Inc.'s management, including, but not limited to, Evader, Inc.'s estimate of the sufficiency of its existing capital resources, Evader, Inc.'s ability to raise additional capital to fund future operations, Evader, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Evader, Inc.'s capability to be awarded http://www.evadercorp.com/contracts. All such forward-looking statements are current only as of the date on which such statements were made. Evader, 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.
The goal of the seminar was to educate the workers to understand the main principles of accident causation, identify common hazards and assess risks relating to construction work, apply the basic principles of construction site safety to assist all persons, understand the basic requirements of health and safety best practice as applied to construction, and understand the principles of construction site safety inspections, hazard recognition and accident investigation.
"At ASCC, we are committed to the safety of our workers and from time to time we keep on holding such training programs," said Mr. Walia, Managing Director of ASCC.
The spirit of the safety seminar was boosted with the company's plans and announcement to reduce (buy back from majority shareholder) over 500 million shares of EVDR stock.
More details will follow shortly.
ABOUT ASCC
Evader, Inc. and ASCC are involved in executing large and complicated civil engineering projects in India, with emphasis on roads, bridges, earthwork, highways and as a promoter-colonizer of housing complexes that demand a high degree of skill and expertise. The company has achieved tremendous growth since its incorporation in 1987.
ASCC is equipped to handle a wide variety of projects and maintain uncompromising quality standards at every stage. It's committed to providing professional service, high-grade construction, appreciable finish and the timely completion of all projects. ASCC's team of dedicated technical and managerial personnel has vast experience in a number of fields that enable it to undertake any challenging job.
ASCC's reputation is based on strong customer orientation, technological sophistication and an impressive record of achievements. Many of the civil engineering projects executed by ASCC have set new benchmarks in terms of scale, sophistication and speed.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Evader, 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. Evader, Inc. cautions you that any forward-looking information provided by or on behalf of Evader, 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. Evader, 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 Evader, Inc.'s control. In addition to those discussed in Evader, Inc.'s press releases, public filings, and statements by Evader, Inc.'s management, including, but not limited to, Evader, Inc.'s estimate of the sufficiency of its existing capital resources, Evader, Inc.'s ability to raise additional capital to fund future operations, Evader, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Evader, Inc.'s capability to be awarded http://www.evadercorp.com/contracts. All such forward-looking statements are current only as of the date on which such statements were made. Evader, 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.
Cressent Energy (FOGC) Prepares for Oil Extraction on the Liberty Salt Dome
HENDERSON, Nev., June 7, 2011 /PRNewswire/ -- Fortune Oil and Gas' (PINK SHEETS:FOGC.pk - News) subsidiary Cressent Energy (http://www.cressentenergy.com/) is pleased to provide an update on the development plans of the company's most promising leases in Texas.
Cressent is proceeding with oil extraction preparations on the Liberty Salt Dome, an area south of Houston that Cressent purchased as six individual leases in 2010 as Proven Undeveloped Drill Sites (PUDS). Several older wells are in place in this area, and Cressent is starting the reconditioning phase of these wells so it can move into oil development of these leases.
The reconditioning consists of checking the fluid levels and swabbing the wells, or getting rid of the salt water. Following this, Cressent will proceed with cleaning of the gravel packs and building the pad for the rig around the wells and clearing flow lines to the tank batteries.
Barring any drilling permit delays, Cressent management expects to have the first well drilled in Q3 of 2011. Profit for the company is anticipated within three months after opening. The company aims to drill up to 5 wells on this field.
More details will follow shortly on Alta Mining, FOGC's mining subsidiary.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Fortune Oil & Gas, 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. Fortune Oil & Gas, Inc. cautions you that any forward-looking information provided by or on behalf of Fortune Oil & Gas, 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. Fortune Oil & Gas, 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 Fortune Oil & Gas, Inc.'s control. In addition to those discussed in Fortune Oil & Gas, Inc.'s press releases, public filings, and statements by Fortune Oil & Gas, Inc.'s management, including, but not limited to, Fortune Oil & Gas, Inc.'s estimate of the sufficiency of its existing capital resources, Fortune Oil & Gas, Inc.'s ability to raise additional capital to fund future operations, Fortune Oil & Gas, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Fortune Oil & Gas, 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. Fortune Oil & Gas, 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.
Cressent is proceeding with oil extraction preparations on the Liberty Salt Dome, an area south of Houston that Cressent purchased as six individual leases in 2010 as Proven Undeveloped Drill Sites (PUDS). Several older wells are in place in this area, and Cressent is starting the reconditioning phase of these wells so it can move into oil development of these leases.
The reconditioning consists of checking the fluid levels and swabbing the wells, or getting rid of the salt water. Following this, Cressent will proceed with cleaning of the gravel packs and building the pad for the rig around the wells and clearing flow lines to the tank batteries.
Barring any drilling permit delays, Cressent management expects to have the first well drilled in Q3 of 2011. Profit for the company is anticipated within three months after opening. The company aims to drill up to 5 wells on this field.
More details will follow shortly on Alta Mining, FOGC's mining subsidiary.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Fortune Oil & Gas, 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. Fortune Oil & Gas, Inc. cautions you that any forward-looking information provided by or on behalf of Fortune Oil & Gas, 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. Fortune Oil & Gas, 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 Fortune Oil & Gas, Inc.'s control. In addition to those discussed in Fortune Oil & Gas, Inc.'s press releases, public filings, and statements by Fortune Oil & Gas, Inc.'s management, including, but not limited to, Fortune Oil & Gas, Inc.'s estimate of the sufficiency of its existing capital resources, Fortune Oil & Gas, Inc.'s ability to raise additional capital to fund future operations, Fortune Oil & Gas, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Fortune Oil & Gas, 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. Fortune Oil & Gas, 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.
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