FORT WAYNE, Ind., July 29, 2011 /PRNewswire/ -- Brian Kistler, CEO, Freedom Energy Holdings, Inc. (Pink Sheets: FDMF.PK) reported at the close of trading today that the company has been presented with a "major new business opportunity" in the aviation sector, as a result of its recently announced commercial joint venture agreement with RMT Holding, Inc ("RMT"). RMT is a foreign based commodities trading company, dealing primarily in the purchase and sale of jet fuel and heavy diesel term contracts on a global basis.
Jet fuel is the third-highest product in demand worldwide and like gasoline, is largely confined to use in the transportation sector. Aviation consumes 2% of all fossil fuels burnt. This represents 12% of the fuel consumption of the entire transportation sector, to be compared with 80% dedicated to road transport. In worldwide operations, U.S. passenger and cargo airlines require 17.5 billion gallons of jet fuel annually, or approximately 415 million barrels. The most economically effective and efficient means by which airlines purchase jet fuel is through "term contracts" based upon a projected volume for a given period of time.
"The market for Jet Fuel is exceptionally large and demand far exceeds supply. We are excited to now have the opportunity to pursue commercial contracts in this niche business sector as a result of our joint venture agreement with RMT. We are in the process of several on-going negotiations in this, and other commercial markets, in which RMT has played a significant introductory role. Further details will be made public once anticipated contracts have been formalized," confirmed Kistler.
ABOUT FREEDOM ENERGY HOLDINGS, INC.
Freedom Energy Holdings, Inc. (FDMF.PK) 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.
Sunday, July 31, 2011
Thursday, July 28, 2011
Cressent Energy (FOGC) Revenue Increase from North Texas
PASADENA, Texas, July 28, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc. (Pinksheets:FOGC.pk - News) Cressent Energy continues its program to reopen shut-in wells in North Texas.
The company holds dozens of shut-in wells in the area of Wichita Falls, Texas, and will reopen additional wells to boost company revenues and support the path of the organic growth. The company will reopen an additional six (6) wells with minor outflow of 1.5-2 barrels/day to boost company monthly and annual revenues.
The company offers great potential in its leases and options and wants to unlock this potential without creating debt. The company expects to open these six wells toward the end of August and add some $10,000/month in revenues to Cressent Energy and gear toward the company's larger drilling projects at Liberty Dome.
Cressent anticipates producing up to 200 barrels of oil a day by the end of 2011 after reopening almost three dozen Texas oil wells. With oil prices currently hovering around $100 per barrel and expected to rise, FOGC is looking at pumping approximately $20,000 worth of oil to the surface each day. That translates to over $7 million annually if all developments proceed as anticipated by Cressent Management.
More updates on both FOGC subsidiaries to follow shortly.
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.
The company holds dozens of shut-in wells in the area of Wichita Falls, Texas, and will reopen additional wells to boost company revenues and support the path of the organic growth. The company will reopen an additional six (6) wells with minor outflow of 1.5-2 barrels/day to boost company monthly and annual revenues.
The company offers great potential in its leases and options and wants to unlock this potential without creating debt. The company expects to open these six wells toward the end of August and add some $10,000/month in revenues to Cressent Energy and gear toward the company's larger drilling projects at Liberty Dome.
Cressent anticipates producing up to 200 barrels of oil a day by the end of 2011 after reopening almost three dozen Texas oil wells. With oil prices currently hovering around $100 per barrel and expected to rise, FOGC is looking at pumping approximately $20,000 worth of oil to the surface each day. That translates to over $7 million annually if all developments proceed as anticipated by Cressent Management.
More updates on both FOGC subsidiaries to follow shortly.
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.
Axia Group (AGIJ:PK) Collagenna Skin Care Reaches a Canada Agreement
OTTAWA, July 28, 2011 /PRNewswire/ -- Axia Group (Pinksheets:AGIJ.pk - News) Collagenna Skin Care Products reached an agreement with Toronto's privately owned Village Pharmacy and Health Food Group.
According to the agreement, three natural anti-aging clinics will be established in Village Pharmacy and Health Food Group, and all five natural food retail stores will sell the full Collagenna Skin Care line.
The Village Pharmacy and Health Food Group operate six retail outlets in Toronto's West End . The main store is the Port Credit location which sells Health Food and also has a fully operational pharmacy. The first clinic is expected to open at the Mavis Road location in Mississauga towards the end of August 2011 with the Port Credit Clinic to open shortly after. Another store situated in Brampton will offer Collagenna's services in the early fall.
The agreement represents a major step in Collagenna's new marketing strategy. The clinics will benefit from the existing customer traffic in these retail outlets which are very related to Collagenna products and services. Company plans to hire at least three new qualified estheticians in order to coordinate Toronto operations.
Collagenna Skin Care Products specializes in anti-aging products with an emphasis on collagen stimulation both topically and internally. The company sells its products mainly through its specialized skin care clinics through its every expanding network of distribution partners.
More details and updates will be provided shortly and on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Axia Group Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group Inc.'s control. In addition to those discussed in Axia Group Inc.'s press releases, public filings, and statements by Axia Group Inc.'s management, including, but not limited to, Axia Group Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group Inc.'s ability to raise additional capital to fund future operations, Axia Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Axia Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
According to the agreement, three natural anti-aging clinics will be established in Village Pharmacy and Health Food Group, and all five natural food retail stores will sell the full Collagenna Skin Care line.
The Village Pharmacy and Health Food Group operate six retail outlets in Toronto's West End . The main store is the Port Credit location which sells Health Food and also has a fully operational pharmacy. The first clinic is expected to open at the Mavis Road location in Mississauga towards the end of August 2011 with the Port Credit Clinic to open shortly after. Another store situated in Brampton will offer Collagenna's services in the early fall.
The agreement represents a major step in Collagenna's new marketing strategy. The clinics will benefit from the existing customer traffic in these retail outlets which are very related to Collagenna products and services. Company plans to hire at least three new qualified estheticians in order to coordinate Toronto operations.
Collagenna Skin Care Products specializes in anti-aging products with an emphasis on collagen stimulation both topically and internally. The company sells its products mainly through its specialized skin care clinics through its every expanding network of distribution partners.
More details and updates will be provided shortly and on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Axia Group Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group Inc.'s control. In addition to those discussed in Axia Group Inc.'s press releases, public filings, and statements by Axia Group Inc.'s management, including, but not limited to, Axia Group Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group Inc.'s ability to raise additional capital to fund future operations, Axia Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Axia Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Wind Works Power Corp. Acquires 100% Interest in Wind Park Burg II, Germany
Construction Start Date Set for 2012
OTTAWA, ONTARIO--(Marketwire -07/28/11)- Wind Works Power Corp. (OTCQB: WWPW.OB - News)(Pinksheets: WWPW.OB - News)(Frankfurt: R5E1.F - News)(WKN: AORPM2) is pleased to announce they have exercised an option to acquire a 100% project based, equity stake in Wind Park Burg II. Wind Park Burg II is a 6 megawatt (MW) wind energy project located near Magdeburg in the eastern part of Germany.
As announced on July 6, 2011, Wind Park Burg I, the 4MW phase I of the total 10MW project, is now fully financed, fully permitted, and scheduled to commence construction this fall.
Wind Park Burg II Highlights:
-- Power Sales via Feed-in Tariff at 9.52 Euro cents for 20 years
-- Permitting expected to be fully completed by mid-2012, with a
construction start-date in the fall 2012
-- 3 x 2 MW wind turbines are specified for the project
-- Site has one of the best wind resources in Germany
-- Investment value once constructed (subject to raising debt and equity
financing): $15 Million Euro.
"With the first phase of this project ready to commence construction this fall, we were eager to acquire Phase 2 with plans for a construction start date in fall 2012", comments Dr. Ingo Stuckmann, Wind Works' President and CEO "We see great opportunity in the German market, and will continue to expand our interests there as part of our global diversification strategy."
Wind Works exercised their exclusive option to acquire a 100% stake in Wind Park Burg II for 1,500,000 Euro, payable according to milestones, in cash or shares at the sole discretion of Wind Works.
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
OTTAWA, ONTARIO--(Marketwire -07/28/11)- Wind Works Power Corp. (OTCQB: WWPW.OB - News)(Pinksheets: WWPW.OB - News)(Frankfurt: R5E1.F - News)(WKN: AORPM2) is pleased to announce they have exercised an option to acquire a 100% project based, equity stake in Wind Park Burg II. Wind Park Burg II is a 6 megawatt (MW) wind energy project located near Magdeburg in the eastern part of Germany.
As announced on July 6, 2011, Wind Park Burg I, the 4MW phase I of the total 10MW project, is now fully financed, fully permitted, and scheduled to commence construction this fall.
Wind Park Burg II Highlights:
-- Power Sales via Feed-in Tariff at 9.52 Euro cents for 20 years
-- Permitting expected to be fully completed by mid-2012, with a
construction start-date in the fall 2012
-- 3 x 2 MW wind turbines are specified for the project
-- Site has one of the best wind resources in Germany
-- Investment value once constructed (subject to raising debt and equity
financing): $15 Million Euro.
"With the first phase of this project ready to commence construction this fall, we were eager to acquire Phase 2 with plans for a construction start date in fall 2012", comments Dr. Ingo Stuckmann, Wind Works' President and CEO "We see great opportunity in the German market, and will continue to expand our interests there as part of our global diversification strategy."
Wind Works exercised their exclusive option to acquire a 100% stake in Wind Park Burg II for 1,500,000 Euro, payable according to milestones, in cash or shares at the sole discretion of Wind Works.
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Wednesday, July 27, 2011
JUHL. Announces Agreement With Zinc Air for Installation of a Mega Watt Scale Advanced Storage System at the Woodstock Hills, Minnesota Wind Farm
WOODSTOCK, Minn., July 25, 2011 /PRNewswire/ -- Juhl Wind Inc. (OTCBB:JUHL.ob - News), the leader in Community Wind Power, today announced it recently signed a Letter of Intent with Zinc Air, Inc. for the installation of a 1 Megawatt advanced energy storage system developed by Zinc Air. Juhl Wind plans to install the system at its recently acquired Woodstock Hills wind farm located near the Company's headquarters in Woodstock, Minnesota.
Zinc Air Inc., based in Kalispell, Montana, is the developer of a Zinc Redox flow battery designed to achieve rapid payback periods while also being the greenest battery technology on the market. This competitive storage solution allows a wind farm to store and shift wind power for flexible use by utility operators.
"We selected Zinc Air and its core technology for our first system because we believe it offers the combination of being the most advanced technology along with the most environmentally safe option in the field of energy storage" stated Dan Juhl, Chairman and CEO of Juhl Wind. "We have carefully studied the growth in storage technologies because we believe large scale storage will unlock the full value of wind power. If we can build a combination wind farm with storage for the cost of a new coal plant, we are confident we can deliver totally clean electricity that can compete head-to-head with the wholesale energy market today and into the future. With no fuel costs and all of the obvious health benefits, if we can deliver a dispatchable resource that is head-to-head competitive, wind power can grow even more rapidly. At Juhl, we want to be on the forefront of this next wave of wind power."
The first phase of the project will provide for the development and installation of the grid storage system based on securing a revenue arrangement from a utility buyer or within the MISO marketplace. Zinc Air battery chemistry reduces fundamental costs through the use of locally abundant and non-hazardous materials that results in a simpler system.
"Zinc Air Redox products are designed to have the highest round-trip energy efficiency, multiple revenue applications, and lower cost of operation, as to achieve best payback periods, while still being the greenest battery technology in the market. We have designed the product with the end customer in mind first" stated Peter Walters, COO of Zinc Air Inc. Using a flow battery technology, Zinc Air Redox Energy Storage Systems are well-suited for grid storage applications, including energy peak shifting and renewables (solar/wind) integration, designed to address the issues of matching demand with supply and variability.
We look forward to working with Juhl Wind on this initial program and the additional follow-on utility-scale storage systems programs," stated Dave Wilkins, President and CEO of Zinc Air Inc. "As one of the leading developers of wind power, Juhl Wind is a strategic partner that establishes Zinc Air in the critical wind energy market. The wind energy market and other renewable markets will continue to be a focus for the company in order to best exploit flow battery technology."
"When we acquired the Woodstock Hills wind farm this spring, we did so with a plan to ultimately add on our first utility-scale, storage system," added John Mitola, President of Juhl Wind, Inc. "We are confident that a successful initial project can set the stage for larger growth of wind power in general and of course, for Juhl Wind and our farmer partners. Competitive, reliable storage can be a real game-changer for wind power and the entire utility grid. And, as we continue acquisitions of existing wind farms, the ability to bolt on storage can completely boost the economics of an existing project."
About Juhl Wind Inc.
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 18 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of the Woodstock Hills wind farm in April of 2011, the Company now owns and operates a 10.2 MW wind farm. Through its Next Generation Power Systems subsidiary ("NextGen'), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
About Zinc Air Inc.
ZAI is a privately held corporation headquartered in Kalispell, MT. It is focused on the development of sustainable energy storage solutions for smart grid applications that require demanding performance and reduced economic payback periods. ZAI is committed to providing the "greenest" battery technology using zinc chemistry, which is abundant, inexpensive and environmentally friendly. ZAI is productizing grid-scale storage technology to provide the next generation of energy storage systems for smart grid applications with the integration of wind energy and other renewable generation. For more information on ZAI, please contact the company by email at info@zincairinc.com.
Juhl Wind Investor Relations
Jody Janson
ISD, Inc.
Phone: (888) 438-JUHL (438-5845)
Fax: (585) 232-5457
Email: jody@istockdaily.com
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities in the remainder of 2011 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects and wind farm assets mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. While new wind farms noted from time to time are large-scale construction projects, Juhl Wind may not be the primary contractor for the provision of certain services, as it is in certain of its other projects. These risks are referenced in Juhl Wind's current 8K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
Zinc Air Inc., based in Kalispell, Montana, is the developer of a Zinc Redox flow battery designed to achieve rapid payback periods while also being the greenest battery technology on the market. This competitive storage solution allows a wind farm to store and shift wind power for flexible use by utility operators.
"We selected Zinc Air and its core technology for our first system because we believe it offers the combination of being the most advanced technology along with the most environmentally safe option in the field of energy storage" stated Dan Juhl, Chairman and CEO of Juhl Wind. "We have carefully studied the growth in storage technologies because we believe large scale storage will unlock the full value of wind power. If we can build a combination wind farm with storage for the cost of a new coal plant, we are confident we can deliver totally clean electricity that can compete head-to-head with the wholesale energy market today and into the future. With no fuel costs and all of the obvious health benefits, if we can deliver a dispatchable resource that is head-to-head competitive, wind power can grow even more rapidly. At Juhl, we want to be on the forefront of this next wave of wind power."
The first phase of the project will provide for the development and installation of the grid storage system based on securing a revenue arrangement from a utility buyer or within the MISO marketplace. Zinc Air battery chemistry reduces fundamental costs through the use of locally abundant and non-hazardous materials that results in a simpler system.
"Zinc Air Redox products are designed to have the highest round-trip energy efficiency, multiple revenue applications, and lower cost of operation, as to achieve best payback periods, while still being the greenest battery technology in the market. We have designed the product with the end customer in mind first" stated Peter Walters, COO of Zinc Air Inc. Using a flow battery technology, Zinc Air Redox Energy Storage Systems are well-suited for grid storage applications, including energy peak shifting and renewables (solar/wind) integration, designed to address the issues of matching demand with supply and variability.
We look forward to working with Juhl Wind on this initial program and the additional follow-on utility-scale storage systems programs," stated Dave Wilkins, President and CEO of Zinc Air Inc. "As one of the leading developers of wind power, Juhl Wind is a strategic partner that establishes Zinc Air in the critical wind energy market. The wind energy market and other renewable markets will continue to be a focus for the company in order to best exploit flow battery technology."
"When we acquired the Woodstock Hills wind farm this spring, we did so with a plan to ultimately add on our first utility-scale, storage system," added John Mitola, President of Juhl Wind, Inc. "We are confident that a successful initial project can set the stage for larger growth of wind power in general and of course, for Juhl Wind and our farmer partners. Competitive, reliable storage can be a real game-changer for wind power and the entire utility grid. And, as we continue acquisitions of existing wind farms, the ability to bolt on storage can completely boost the economics of an existing project."
About Juhl Wind Inc.
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 18 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of the Woodstock Hills wind farm in April of 2011, the Company now owns and operates a 10.2 MW wind farm. Through its Next Generation Power Systems subsidiary ("NextGen'), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
About Zinc Air Inc.
ZAI is a privately held corporation headquartered in Kalispell, MT. It is focused on the development of sustainable energy storage solutions for smart grid applications that require demanding performance and reduced economic payback periods. ZAI is committed to providing the "greenest" battery technology using zinc chemistry, which is abundant, inexpensive and environmentally friendly. ZAI is productizing grid-scale storage technology to provide the next generation of energy storage systems for smart grid applications with the integration of wind energy and other renewable generation. For more information on ZAI, please contact the company by email at info@zincairinc.com.
Juhl Wind Investor Relations
Jody Janson
ISD, Inc.
Phone: (888) 438-JUHL (438-5845)
Fax: (585) 232-5457
Email: jody@istockdaily.com
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities in the remainder of 2011 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects and wind farm assets mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. While new wind farms noted from time to time are large-scale construction projects, Juhl Wind may not be the primary contractor for the provision of certain services, as it is in certain of its other projects. These risks are referenced in Juhl Wind's current 8K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
Seven Arts Pictures Plc Launches "Indie" Film Imprint to Capitalize on Global Digital Distribution Opportunities
New Beaux Arts Imprint Will Leverage the Company's Existing Worldwide Distribution Network and Emerging Digital Distribution Formats to Distribute "Indie" and "Art House" Films
HOLLYWOOD, CA--(Marketwire -07/27/11)- Seven Arts Pictures Plc ("Seven Arts") (NASDAQ: SAPX - News) announced today that the formation of Beaux Arts, an "Indie" film imprint to further bolster the Company's ability to take part in meeting the strong demand for filmed entertainment worldwide.
"The Beaux Arts imprint will allow Seven Arts to utilize our extensive worldwide distribution network to expose to a wider audience high quality indie films that might otherwise have escaped notice," said Peter Hoffman, CEO of Seven Arts.
Digital distribution of filmed entertainment has grown to become a major force in the entertainment industry, with demand being driven by technological advances that allow consumers to watch movies using an expanded menu of devices. This new imprint, combined with the Company's existing production initiatives, will allow the Company to provide viewers with a wide variety of quality content across multiple delivery platforms.
Beaux Arts will initially target the acquisition for distribution of 5 to 10 "indie" and "art house" films per year, with the objective of increasing this to 10 to 20 films per year subsequently, if feasible. Films distributed under the Beaux Arts label will be primarily targeted at existing and emerging digital distribution formats such as Video on Demand (VOD) and streaming video services.
"While the number of big budget films being produced has slipped somewhat in recent years, the number of indie films debuting each year, the vast majority produced without studio financing, remains robust," added Kate Hoffman, Seven Arts' Chief Operating Officer.
"With the extensive consolidation the industry has experienced over the past year or so, we believe the market for low and moderate budget indie films is currently underserved, and, as a result, the formation of the Beaux Arts imprint should improve our chances of making headway in this sector."
About Seven Arts:
Seven Arts Pictures Plc was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television. For more information, visit: http://www.7artspictures.com/.
Cautionary Information Regarding Forward-Looking Statements:
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated.
Axia Group (AGIJ) Collagenna Skin Care Reaches Agreement with Toronto's Village Pharmacy and Health Food Group
OTTAWA, ONTARIO--(Marketwire -07/27/11)- Axia Group (PINK SHEETS: AGIJ.PK - News) (http://www.axiagroup.com) Collagenna Skin Care Products is pleased to announce that is has reached an agreement with Toronto's privately owned Village Pharmacy and Health Food Group for the establishment of 3 Natural Anti-aging Clinics in their stores as well as selling the full Collagenna Skin Care line in all 5 of their Natural Food retail stores.
The Village Pharmacy and Health Food Group operate 6 retail outlets (one of the outlets is a pharmacy in a medical building) in Toronto's West End Mississauga and Brampton. The main store is the Port Credit location which sells Health Food and also has a fully operational pharmacy. 3 locations have been identified as prime locations for Collagenna's Natural Anti-aging Clinics and certain renovations are underway in order to accommodate the space requirements. The first clinic is expected to open at the Mavis Road location in Mississauga towards the end of August 2011 with the Port Credit Clinic to open shortly after. Another store situated in Brampton will offer Collagenna's services in the early fall.
Axia's CEO, Michael Arnkvarn states, "This agreement is a major step in Collagenna's new marketing strategy. Our clinics will benefit from the existing customer traffic in these retail outlets which are very related to our products and services. We plan to do onsite product promotions in the stores and promote the clinical services at the same time. At least 3 new qualified estheticians will be hired as well as a supervisor in order to coordinate our Toronto operations by the end of September 2011, we should have 5 fully functional Collagenna Company owned Natural Anti-aging Skin Care Clinics operational. This will allow our company to experience major growth and achieve our financial projections of 2012."
Collagenna Skin Care Products specializes in Anti-aging products with an emphasis on Collagen stimulation both topically and internally. The company sells its products mainly through its specialized skin care clinics through its every expanding network of distribution partners.
More details and updates will be provided shortly and on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Axia Group Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group Inc.'s control. In addition to those discussed in Axia Group Inc.'s press releases, public filings, and statements by Axia Group Inc.'s management, including, but not limited to, Axia Group Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group Inc.'s ability to raise additional capital to fund future operations, Axia Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Axia Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
The Village Pharmacy and Health Food Group operate 6 retail outlets (one of the outlets is a pharmacy in a medical building) in Toronto's West End Mississauga and Brampton. The main store is the Port Credit location which sells Health Food and also has a fully operational pharmacy. 3 locations have been identified as prime locations for Collagenna's Natural Anti-aging Clinics and certain renovations are underway in order to accommodate the space requirements. The first clinic is expected to open at the Mavis Road location in Mississauga towards the end of August 2011 with the Port Credit Clinic to open shortly after. Another store situated in Brampton will offer Collagenna's services in the early fall.
Axia's CEO, Michael Arnkvarn states, "This agreement is a major step in Collagenna's new marketing strategy. Our clinics will benefit from the existing customer traffic in these retail outlets which are very related to our products and services. We plan to do onsite product promotions in the stores and promote the clinical services at the same time. At least 3 new qualified estheticians will be hired as well as a supervisor in order to coordinate our Toronto operations by the end of September 2011, we should have 5 fully functional Collagenna Company owned Natural Anti-aging Skin Care Clinics operational. This will allow our company to experience major growth and achieve our financial projections of 2012."
Collagenna Skin Care Products specializes in Anti-aging products with an emphasis on Collagen stimulation both topically and internally. The company sells its products mainly through its specialized skin care clinics through its every expanding network of distribution partners.
More details and updates will be provided shortly and on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Axia Group Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Axia Group Inc. cautions you that any forward-looking information provided by or on behalf of Axia Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Axia Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Axia Group Inc.'s control. In addition to those discussed in Axia Group Inc.'s press releases, public filings, and statements by Axia Group Inc.'s management, including, but not limited to, Axia Group Inc.'s estimate of the sufficiency of its existing capital resources, Axia Group Inc.'s ability to raise additional capital to fund future operations, Axia Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Axia Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Axia Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Tuesday, July 26, 2011
iMetrik M2M Launches its Cellular Gateway With Local Area Connect
After extensive testing, the iMetrik M2M Cellular Gateway combining Wide Area and Local Area capability into one compact unit is ready to launch. This innovation opens a new era for the M2M market bringing information and control over any asset, from remote sensors to the end user from anywhere-to-anywhere.
MONTREAL, QUEBEC--(Marketwire -07/26/11)- iMetrik M2M (OTC.BB: IMEK) is proud to announce that its technical team has completed the development of its game changing Cellular Gateway. The Company is ready to introduce the market to its technology platform, one which opens up new possibilities in the Machine to Machine world by offering a plug and play system for deploying an entirely wireless M2M solution in a single step.
The WAN/PAN gateway is part of the total solution iMetrik M2M offers to the market. The plug-and-play system includes battery-powered sensors that communicate wirelessly over the Personal Area Network to the gateway unit, which communicates over the Wide Area Network by using iMetrik's global GSM network. End-users can thus access the remote end points through iMetrik M2M's web application for the monitoring or control of any asset. The Gateway is shipped pre-activated and there is no need for the user to deal with the hassle of negotiating with local wireless providers as iMetrik provides automatic coverage in over 120 countries.
The user simply needs a computer or smart phone and Internet access. Businesses wanting to take advantage of the much proclaimed Machine-to-Machine revolution, no longer have to put together a number of hardware components, negotiate with a mobile carrier, and then develop a web application, all of which come at a great cost of both money and time.
The technological design decisions behind this all-in-one wireless M2M system were made to adapt the choice and dimensioning of radio-transmission, micro-controller, and power components into the optimum configuration for maximum range and stability at the lowest possible power usage levels. Flexible enough to conform with frequency regulations for wireless signals around the world, this low-footprint, low-overhead design allows for application across all of the many usage scenarios that iMetrik M2M's wireless M2M technology platform enables in a variety of different markets.
Michel St-Pierre, CEO of iMetrik M2M, stated: "I consider what our company has put together a breakthrough for the industry, proving that we have a clear vision into the M2M market's future. Our team's combined expertise in Telecom, M2M and Software and Hardware development, has been demonstrated through committed delivery with the highest quality and most cost-efficient service business model. We are now ready to address the clients who have been waiting patiently for this system."
Mission Statement
iMetrik M2M is a global solution provider of wireless services designed to control and manage the access and use of virtually any asset from "anywhere-to-anywhere" in the world. This is the world of Machine-to-Machine or M2M, the Internet of Things. The iMetrik M2M Platform moves information and commands from the source directly to the desktop, helping develop new service offerings, enabling real-time control over assets and open up new markets.
Forward Looking Statements
The matters discussed herein, as well as in future oral and written statements by management of iMetrik M2M Solutions Inc. are forward-looking statements, and are based on current management expectations that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.
MONTREAL, QUEBEC--(Marketwire -07/26/11)- iMetrik M2M (OTC.BB: IMEK) is proud to announce that its technical team has completed the development of its game changing Cellular Gateway. The Company is ready to introduce the market to its technology platform, one which opens up new possibilities in the Machine to Machine world by offering a plug and play system for deploying an entirely wireless M2M solution in a single step.
The WAN/PAN gateway is part of the total solution iMetrik M2M offers to the market. The plug-and-play system includes battery-powered sensors that communicate wirelessly over the Personal Area Network to the gateway unit, which communicates over the Wide Area Network by using iMetrik's global GSM network. End-users can thus access the remote end points through iMetrik M2M's web application for the monitoring or control of any asset. The Gateway is shipped pre-activated and there is no need for the user to deal with the hassle of negotiating with local wireless providers as iMetrik provides automatic coverage in over 120 countries.
The user simply needs a computer or smart phone and Internet access. Businesses wanting to take advantage of the much proclaimed Machine-to-Machine revolution, no longer have to put together a number of hardware components, negotiate with a mobile carrier, and then develop a web application, all of which come at a great cost of both money and time.
The technological design decisions behind this all-in-one wireless M2M system were made to adapt the choice and dimensioning of radio-transmission, micro-controller, and power components into the optimum configuration for maximum range and stability at the lowest possible power usage levels. Flexible enough to conform with frequency regulations for wireless signals around the world, this low-footprint, low-overhead design allows for application across all of the many usage scenarios that iMetrik M2M's wireless M2M technology platform enables in a variety of different markets.
Michel St-Pierre, CEO of iMetrik M2M, stated: "I consider what our company has put together a breakthrough for the industry, proving that we have a clear vision into the M2M market's future. Our team's combined expertise in Telecom, M2M and Software and Hardware development, has been demonstrated through committed delivery with the highest quality and most cost-efficient service business model. We are now ready to address the clients who have been waiting patiently for this system."
Mission Statement
iMetrik M2M is a global solution provider of wireless services designed to control and manage the access and use of virtually any asset from "anywhere-to-anywhere" in the world. This is the world of Machine-to-Machine or M2M, the Internet of Things. The iMetrik M2M Platform moves information and commands from the source directly to the desktop, helping develop new service offerings, enabling real-time control over assets and open up new markets.
Forward Looking Statements
The matters discussed herein, as well as in future oral and written statements by management of iMetrik M2M Solutions Inc. are forward-looking statements, and are based on current management expectations that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.
Monday, July 25, 2011
Juhl Wind, Inc. Announces Agreement With Zinc Air for Installation of a Mega Watt Scale Advanced Storage System at the Woodstock Hills, Minnesota Wind
WOODSTOCK, Minn., July 25, 2011 /PRNewswire/ -- Juhl Wind Inc. (OTCBB:JUHL.ob - News), the leader in Community Wind Power, today announced it recently signed a Letter of Intent with Zinc Air, Inc. for the installation of a 1 Megawatt advanced energy storage system developed by Zinc Air. Juhl Wind plans to install the system at its recently acquired Woodstock Hills wind farm located near the Company's headquarters in Woodstock, Minnesota.
Zinc Air Inc., based in Kalispell, Montana, is the developer of a Zinc Redox flow battery designed to achieve rapid payback periods while also being the greenest battery technology on the market. This competitive storage solution allows a wind farm to store and shift wind power for flexible use by utility operators.
"We selected Zinc Air and its core technology for our first system because we believe it offers the combination of being the most advanced technology along with the most environmentally safe option in the field of energy storage," stated Dan Juhl, Chairman and CEO of Juhl Wind. "We have carefully studied the growth in storage technologies because we believe large scale storage will unlock the full value of wind power. If we can build a combination wind farm with storage for the cost of a new coal plant, we are confident we can deliver totally clean electricity that can compete head-to-head with the wholesale energy market today and into the future. With no fuel costs and all of the obvious health benefits, if we can deliver a dispatchable resource that is head-to-head competitive, wind power can grow even more rapidly. At Juhl, we want to be on the forefront of this next wave of wind power."
The first phase of the project will provide for the development and installation of the grid storage system based on securing a revenue arrangement from a utility buyer or within the MISO marketplace. Zinc Air battery chemistry reduces fundamental costs through the use of locally abundant and non-hazardous materials that results in a simpler system.
"Zinc Air Redox products are designed to have the highest round-trip energy efficiency, multiple revenue applications, and lower cost of operation, as to achieve best payback periods, while still being the greenest battery technology in the market. We have designed the product with the end customer in mind first," stated Peter Walters, COO of Zinc Air Inc. Using a flow battery technology, Zinc Air Redox Energy Storage Systems are well-suited for grid storage applications, including energy peak shifting and renewables (solar/wind) integration, designed to address the issues of matching demand with supply and variability.
We look forward to working with Juhl Wind on this initial program and the additional follow-on utility-scale storage systems programs," stated Dave Wilkins, President and CEO of Zinc Air Inc. "As one of the leading developers of wind power, Juhl Wind is a strategic partner that establishes Zinc Air in the critical wind energy market. The wind energy market and other renewable markets will continue to be a focus for the company in order to best exploit flow battery technology."
"When we acquired the Woodstock Hills wind farm this spring, we did so with a plan to ultimately add on our first utility-scale, storage system," added John Mitola, President of Juhl Wind, Inc. "We are confident that a successful initial project can set the stage for larger growth of wind power in general and of course, for Juhl Wind and our farmer partners. Competitive, reliable storage can be a real game-changer for wind power and the entire utility grid. And, as we continue acquisitions of existing wind farms, the ability to bolt on storage can completely boost the economics of an existing project."
About Juhl Wind Inc.
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 18 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of the Woodstock Hills wind farm in April of 2011, the Company now owns and operates a 10.2 MW wind farm. Through its Next Generation Power Systems subsidiary ("NextGen'), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
About Zinc Air Inc.
ZAI is a privately held corporation headquartered in Kalispell, MT. It is focused on the development of sustainable energy storage solutions for smart grid applications that require demanding performance and reduced economic payback periods. ZAI is committed to providing the "greenest" battery technology using zinc chemistry, which is abundant, inexpensive and environmentally friendly. ZAI is productizing grid-scale storage technology to provide the next generation of energy storage systems for smart grid applications with the integration of wind energy and other renewable generation. For more information on ZAI, please contact the company by email at info@zincairinc.com.
Zinc Air Inc., based in Kalispell, Montana, is the developer of a Zinc Redox flow battery designed to achieve rapid payback periods while also being the greenest battery technology on the market. This competitive storage solution allows a wind farm to store and shift wind power for flexible use by utility operators.
"We selected Zinc Air and its core technology for our first system because we believe it offers the combination of being the most advanced technology along with the most environmentally safe option in the field of energy storage," stated Dan Juhl, Chairman and CEO of Juhl Wind. "We have carefully studied the growth in storage technologies because we believe large scale storage will unlock the full value of wind power. If we can build a combination wind farm with storage for the cost of a new coal plant, we are confident we can deliver totally clean electricity that can compete head-to-head with the wholesale energy market today and into the future. With no fuel costs and all of the obvious health benefits, if we can deliver a dispatchable resource that is head-to-head competitive, wind power can grow even more rapidly. At Juhl, we want to be on the forefront of this next wave of wind power."
The first phase of the project will provide for the development and installation of the grid storage system based on securing a revenue arrangement from a utility buyer or within the MISO marketplace. Zinc Air battery chemistry reduces fundamental costs through the use of locally abundant and non-hazardous materials that results in a simpler system.
"Zinc Air Redox products are designed to have the highest round-trip energy efficiency, multiple revenue applications, and lower cost of operation, as to achieve best payback periods, while still being the greenest battery technology in the market. We have designed the product with the end customer in mind first," stated Peter Walters, COO of Zinc Air Inc. Using a flow battery technology, Zinc Air Redox Energy Storage Systems are well-suited for grid storage applications, including energy peak shifting and renewables (solar/wind) integration, designed to address the issues of matching demand with supply and variability.
We look forward to working with Juhl Wind on this initial program and the additional follow-on utility-scale storage systems programs," stated Dave Wilkins, President and CEO of Zinc Air Inc. "As one of the leading developers of wind power, Juhl Wind is a strategic partner that establishes Zinc Air in the critical wind energy market. The wind energy market and other renewable markets will continue to be a focus for the company in order to best exploit flow battery technology."
"When we acquired the Woodstock Hills wind farm this spring, we did so with a plan to ultimately add on our first utility-scale, storage system," added John Mitola, President of Juhl Wind, Inc. "We are confident that a successful initial project can set the stage for larger growth of wind power in general and of course, for Juhl Wind and our farmer partners. Competitive, reliable storage can be a real game-changer for wind power and the entire utility grid. And, as we continue acquisitions of existing wind farms, the ability to bolt on storage can completely boost the economics of an existing project."
About Juhl Wind Inc.
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 18 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of the Woodstock Hills wind farm in April of 2011, the Company now owns and operates a 10.2 MW wind farm. Through its Next Generation Power Systems subsidiary ("NextGen'), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Woodstock, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
About Zinc Air Inc.
ZAI is a privately held corporation headquartered in Kalispell, MT. It is focused on the development of sustainable energy storage solutions for smart grid applications that require demanding performance and reduced economic payback periods. ZAI is committed to providing the "greenest" battery technology using zinc chemistry, which is abundant, inexpensive and environmentally friendly. ZAI is productizing grid-scale storage technology to provide the next generation of energy storage systems for smart grid applications with the integration of wind energy and other renewable generation. For more information on ZAI, please contact the company by email at info@zincairinc.com.
Sunday, July 24, 2011
Fortune Oil and Gas (FOGC) Mineral Claim LOI
HENDERSON, NEVADA--(Marketwire - 07/22/11) - Fortune Oil and Gas, Inc. (FOGC) (PINK SHEETS:FOGC - News) (http://www.fortuneoilandgascorp.com) Alta Mining through Its Canadian based Subsidiary Alta Mining Inc is pleased to report that it signed a Letter Of Intent ("LOI") to acquire mineral claim set are contiguous to the Company's existing SGH Property. This business decision will potentially increase the BC Property for additional 24 mining claims totaling over 6000 Hectares, located in the prolific mining region of Slocan BC Canada.
"We believe that adding this claim block will have an immediate and positive effect to the development of our BC Project. Based on our first glance at the property, we will be looking at the possibility to immediately multiply value of company's assets and make us competitive parity with a much bigger mining companies in region." Stated Mr. Johan Verba, Company spokesperson.
The property has excellent potential for advanced mining operations within the project area. The company intends to undertake a review of all historical data available conduct standard due diligence, and if positive, complete the mineral claim acquisitions process as soon as possible.
The due diligence process is well underway.
More updates on FOGC subsidiaries to follow.
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.
"We believe that adding this claim block will have an immediate and positive effect to the development of our BC Project. Based on our first glance at the property, we will be looking at the possibility to immediately multiply value of company's assets and make us competitive parity with a much bigger mining companies in region." Stated Mr. Johan Verba, Company spokesperson.
The property has excellent potential for advanced mining operations within the project area. The company intends to undertake a review of all historical data available conduct standard due diligence, and if positive, complete the mineral claim acquisitions process as soon as possible.
The due diligence process is well underway.
More updates on FOGC subsidiaries to follow.
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.
Thursday, July 21, 2011
TGI's Edgetech Systems Inc. (TSPG) Platform Enhancement
RED BANK, N.J., July 21, 2011 /PRNewswire/ -- TGI Group (Pink Sheets:TSPG.pk - News), www.tgisolargroup.com a diversified holding company, announced today that Edgetech Systems Inc., has added a user risk management tools to platform, which provides more research and analytics to 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), 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.
In other company news and announcements, the company is currently entertaining an all cash purchase offer for the Edgetech assets, with future revenue sharing paid in equity. This offer comes to TSPG management in the 11th hour on the cusp of our pre launch. The management feels that this is a significant event which warrants a release as the potential profit for TSPG could be quite substantial in the several million dollar range. Moreover, the company share structure will be updated on OTC Markets shortly with the free trading shares and the float remaining undisturbed. The collateral provided by the company via restricted shares through a subsequent filing on OTC Markets will address the issuance of these restricted shares, and the company's buy back rights.
Details will follow shortly.
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
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.
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), 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.
In other company news and announcements, the company is currently entertaining an all cash purchase offer for the Edgetech assets, with future revenue sharing paid in equity. This offer comes to TSPG management in the 11th hour on the cusp of our pre launch. The management feels that this is a significant event which warrants a release as the potential profit for TSPG could be quite substantial in the several million dollar range. Moreover, the company share structure will be updated on OTC Markets shortly with the free trading shares and the float remaining undisturbed. The collateral provided by the company via restricted shares through a subsequent filing on OTC Markets will address the issuance of these restricted shares, and the company's buy back rights.
Details will follow shortly.
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
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.
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.
Fortune Oil and Gas (FOGC) Alta Mining Signs Definitive Agreement
HENDERSON, NEVADA--(Marketwire - 07/21/11) - Fortune Oil and Gas, Inc. (FOGC) (PINK SHEETS:FOGC - News) (http://www.fortuneoilandgascorp.com) Alta Mining through Its Canadian based Subsidiary Alta Mining Inc is pleased to report that it signed a Definitive Agreement to Acquire additional mining claims and expand its presence in Slocan Region.
In summary, Fortune Oil and Gas Inc. has entered into a definitive agreement to acquire the Additional Mining Claims in order to expand company's assets in historically proven mining region of Slocan. Management successfully negotiated favorable terms to reach a definitive agreement.
Contracted claims are comprised of more than 600 hectares of rich polymetalic formations with 3 historically recorded showings:
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW100
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW101
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW047
In addition, all of company claims are having comfortable proximity to past and present producers and all other resources necessary for a prosperous mining operation.
In other updates the company under a separate release will shortly release its opinion and findings on the Slocan mining region. The company reminds its readers that it operates two separate wholly owned subsidiaries. FOGC main subsidiary Cressent Energy Inc. is an independent oil and gas company actively engaged in the exploration, development and production of oil and gas in the state of Texas. ALTA MINING INC. is a mining exploration company. ALTA explores for new deposits of precious minerals on the early stage exploration properties that are believed to have significant potential for finding large mineral deposits.
More updates on both subsidiaries to follow shortly.
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.
In summary, Fortune Oil and Gas Inc. has entered into a definitive agreement to acquire the Additional Mining Claims in order to expand company's assets in historically proven mining region of Slocan. Management successfully negotiated favorable terms to reach a definitive agreement.
Contracted claims are comprised of more than 600 hectares of rich polymetalic formations with 3 historically recorded showings:
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW100
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW101
http://minfile.gov.bc.ca/Summary.aspx?minfilno=082KSW047
In addition, all of company claims are having comfortable proximity to past and present producers and all other resources necessary for a prosperous mining operation.
In other updates the company under a separate release will shortly release its opinion and findings on the Slocan mining region. The company reminds its readers that it operates two separate wholly owned subsidiaries. FOGC main subsidiary Cressent Energy Inc. is an independent oil and gas company actively engaged in the exploration, development and production of oil and gas in the state of Texas. ALTA MINING INC. is a mining exploration company. ALTA explores for new deposits of precious minerals on the early stage exploration properties that are believed to have significant potential for finding large mineral deposits.
More updates on both subsidiaries to follow shortly.
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.
Wednesday, July 20, 2011
Paraform Design (ZMGD) Establishes Major Relationship in the Educational Field
HENDERSON, NEVADA--(Marketwire - 07/20/11) - Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD - News)(www.zamagedigitalcorp.com) Paraform Design has established a key relationship with a clear focus on generating revenue through serving educational institutions.
Paraform Design has established a key relationship with one of the nationwide leaders focused on recruiting and marketing for higher education in the US. This new partner generates 10 to 12 million in annual revenues and will represent the key relationship in Paraform's expansion into marketing it's products across educational institutions.
The CEO of Paraform Design, Ken Olschewske, said "We are thrilled to have established a relationship with this educational recruiting and marketing leader. The company has shown interest in marketing Paraform Design across its educational partners, and we expect our cooperation to streamline our expansion. Our new partner offers strong connections with many colleges and universities and has served close to 500 clients in this market, we expect this relationship to generate many millions in annual revenue going forward."
"Throughout the years, Paraform has established and developed a solid product and client base and we are now ready to expand nationwide. We have several deals on the table with large institutions and corporations. These deals focus on specific locales' wayfinding and signage needs, but we expect these local deals to introduce us to larger scale projects with these corporations. We will release the names of some of these new clients and partners as the relationships permit."
More 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.
Paraform Design has established a key relationship with one of the nationwide leaders focused on recruiting and marketing for higher education in the US. This new partner generates 10 to 12 million in annual revenues and will represent the key relationship in Paraform's expansion into marketing it's products across educational institutions.
The CEO of Paraform Design, Ken Olschewske, said "We are thrilled to have established a relationship with this educational recruiting and marketing leader. The company has shown interest in marketing Paraform Design across its educational partners, and we expect our cooperation to streamline our expansion. Our new partner offers strong connections with many colleges and universities and has served close to 500 clients in this market, we expect this relationship to generate many millions in annual revenue going forward."
"Throughout the years, Paraform has established and developed a solid product and client base and we are now ready to expand nationwide. We have several deals on the table with large institutions and corporations. These deals focus on specific locales' wayfinding and signage needs, but we expect these local deals to introduce us to larger scale projects with these corporations. We will release the names of some of these new clients and partners as the relationships permit."
More 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.
TGI's Edgetech Systems Inc. (TSPG) Adds End User Risk Management Tools to Platform
RED BANK, NEW JERSEY--(Marketwire - 07/20/11) - TGI Group (PINK SHEETS:TSPG - News), diversified holding company, announced today that Edgetech Systems Inc., adds end user risk management tools to platform, which provides more research and analytics to 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), 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 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.
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.
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.
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), 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 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.
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.
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.
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.
Wind Works Power Corp. Acquires 2 New Wind Projects in Germany
Increases Total Projects in Germany to 31MW
OTTAWA, ONTARIO--(Marketwire - 07/20/11) - Wind Works Power Corp. (OTCQB:WWPW)(FRANKFURT:R5E1 - News)(WKN:A0RPM2)(PINK SHEETS:WWPW - News) is pleased to announce that they have acquired two new projects in Germany, the 15 megawatt (MW) Rock project and the 6MW Raberg project.
Rock is a 15MW project located near Magdeburg in the eastern part of Germany. It is a 50:50 co-development partnership with a German developer and all costs will be shared on an equal basis.
Raberg is a 6MW joint venture project located near Frankfurt, Germany. Wind Works has advanced 10% of the purchase price (45,000 Euro), and is eligible to increase its interests to 50% by funding an additional 405,000 Euro in development costs, subject to milestones.
Both projects are expected to be fully permitted by the middle of 2012, with an expected start date for construction in the fall of 2012. Total investment for the combined 21MW will be 36 Million Euro (approximately US $50 Million) once built.
"With these two new projects, we now have a total of 31 MW of advanced-stage projects in Germany, the first of which will commence construction this fall", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "Our objective is to continue increasing our market exposure in Germany given the conservative-liberal governments' recent decision to phase out nuclear energy and largely substitute with wind energy."
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 days by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Wind Works Power Corp.
OTTAWA, ONTARIO--(Marketwire - 07/20/11) - Wind Works Power Corp. (OTCQB:WWPW)(FRANKFURT:R5E1 - News)(WKN:A0RPM2)(PINK SHEETS:WWPW - News) is pleased to announce that they have acquired two new projects in Germany, the 15 megawatt (MW) Rock project and the 6MW Raberg project.
Rock is a 15MW project located near Magdeburg in the eastern part of Germany. It is a 50:50 co-development partnership with a German developer and all costs will be shared on an equal basis.
Raberg is a 6MW joint venture project located near Frankfurt, Germany. Wind Works has advanced 10% of the purchase price (45,000 Euro), and is eligible to increase its interests to 50% by funding an additional 405,000 Euro in development costs, subject to milestones.
Both projects are expected to be fully permitted by the middle of 2012, with an expected start date for construction in the fall of 2012. Total investment for the combined 21MW will be 36 Million Euro (approximately US $50 Million) once built.
"With these two new projects, we now have a total of 31 MW of advanced-stage projects in Germany, the first of which will commence construction this fall", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "Our objective is to continue increasing our market exposure in Germany given the conservative-liberal governments' recent decision to phase out nuclear energy and largely substitute with wind energy."
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 days by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Wind Works Power Corp.
Cressent Energy (FOGC) Swift Acquisition Completed
PASADENA, TEXAS--(Marketwire - 07/20/11) - Fortune Oil and Gas, Inc. (PINK SHEETS:FOGC - News)(http://www.fortuneoilandgascorp.com); Cressent Energy management is pleased to announce that it finalized an all-cash basis for the acquisition of an oil well with solid production capabilities.
FOGC was solicited for a purchase of a well currently producing 8 barrels of oil a day. The management is currently exploring other ways and means of, adding additional revenues to the company purse. The Company is of the opinion the production of this well can be increased to up to 16 barrels a day.
Mr. Louis Purvis, Cressent CEO, stated, "The company from which we are acquiring this property has a portfolio on wells in a different drilling area, with only a single well in our vicinity. This makes it difficult and time consuming for them to maintain this well."
More updates on both subsidiaries to follow shortly.
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.
FOGC was solicited for a purchase of a well currently producing 8 barrels of oil a day. The management is currently exploring other ways and means of, adding additional revenues to the company purse. The Company is of the opinion the production of this well can be increased to up to 16 barrels a day.
Mr. Louis Purvis, Cressent CEO, stated, "The company from which we are acquiring this property has a portfolio on wells in a different drilling area, with only a single well in our vicinity. This makes it difficult and time consuming for them to maintain this well."
More updates on both subsidiaries to follow shortly.
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.
Tuesday, July 19, 2011
Global Technologies Group, Inc. Has Completed a Complete Review of Solicitation for Department of the Navy Remediation Projects
SARASOTA, FL--(Marketwire - 07/13/11) - Global Technologies Group, Inc. (Pinksheets:GTGP - News) Global and its partner companies have reviewed, over the last few weeks, the solicitation program for remediation projects and evaluated all "interested parties" submissions. As the submissions are for any company that has the appropriate Department of Defense validation codes and clearances in specific areas of technology and for most large projects that do not have the ability to cover all types of remediation, they will need to utilize sub-contractors for specific remediation treatment uses. The major companies that are in this list will act as the general contractors.
We have found that several of the largest "interested parties" are companies that have been or are currently working on projects with and have direct relationships with M2 Polymer and MSE Technologies.
In reviewing Globals strategy, the group has decided it is in their best business interests to send the compiled information on Global, M2 and MSE to the companies that we have ongoing relationships with. This strategy enables us to bypass the normal solicitation as a standalone general contractor and deal specifically on the technologies controlled by us and allows us to deal directly with the companies in advance of the contract awards.
As our group has the most outstanding technologies in most areas of remediation, hazardous and low level nuclear waste with previous and ongoing projects with the department of Defense, Department Of Energy and all the necessary clearances for work to be done on sensitive restricted sites, we feel confident that we will be part of any projects awarded. This same strategy will also apply in the event there are several companies chosen for various projects within the scope of the submission.
We will be providing updates on the status of our plan with the companies as it unfolds.
Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of acquiring exclusive licenses and distribution and reseller contracts on proven technologies in the environmental, green and war fighter industries. The criteria for the licensing or distribution agreements of the technologies are: they must be proven, validated and in use. The business plan of Global is to sublicense the technologies it acquires to companies in countries covered under the original license grants and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turn-key projects.
We have found that several of the largest "interested parties" are companies that have been or are currently working on projects with and have direct relationships with M2 Polymer and MSE Technologies.
In reviewing Globals strategy, the group has decided it is in their best business interests to send the compiled information on Global, M2 and MSE to the companies that we have ongoing relationships with. This strategy enables us to bypass the normal solicitation as a standalone general contractor and deal specifically on the technologies controlled by us and allows us to deal directly with the companies in advance of the contract awards.
As our group has the most outstanding technologies in most areas of remediation, hazardous and low level nuclear waste with previous and ongoing projects with the department of Defense, Department Of Energy and all the necessary clearances for work to be done on sensitive restricted sites, we feel confident that we will be part of any projects awarded. This same strategy will also apply in the event there are several companies chosen for various projects within the scope of the submission.
We will be providing updates on the status of our plan with the companies as it unfolds.
Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of acquiring exclusive licenses and distribution and reseller contracts on proven technologies in the environmental, green and war fighter industries. The criteria for the licensing or distribution agreements of the technologies are: they must be proven, validated and in use. The business plan of Global is to sublicense the technologies it acquires to companies in countries covered under the original license grants and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turn-key projects.
Amarillo Biosciences Teams With Bio-Stasis International to Launch Dietary Supplement Virapress
AMARILLO, TX--(Marketwire - 07/19/11) - Amarillo Biosciences, Inc. (ABI) (OTC.BB:AMAR - News) today announced that it has formed an alliance with Bio-Stasis International, Inc., a dietary supplement internet marketer, to launch Bio-Stasis International's Virapress. Bio-Stasis plans to embark on an extensive internet marketing program for Virapress on August 1, 2011, targeting alternative and complimentary medical practitioners.
Virapress is a dietary supplement derived from a bovine protein extract produced by ABI and will be marketed with claims to improve health and enhance immunity. In parallel with Bio-Stasis International's internet marketing campaign, ABI will market its bovine extract to health food stores and internationally under ABI's brand name. ABI has already received serious inquiries about distribution rights from marketers in 9 different countries in the Middle East and Africa and has commenced negotiations on international distribution rights.
"We expect our internet marketing campaign to significantly increase the market for Virapress and, also, its primary ingredient, bovine extract," said Lawrence H. Griffin, president, Bio-Stasis International.
Virapress has not been evaluated by the Food and Drug Administration, and should not take the place of a regular medical evaluation by a licensed health practitioner.
About Bio-Stasis International, Inc.
Bio-Stasis is committed to the promotion of natural products which have been shown to promote health and healing. Each Bio-Stasis product must have scientific evidence to support effectiveness, without side effects. For additional information, please visit the Bio-Stasis International Inc.'s website www.virapress.com
About Amarillo Biosciences
Amarillo Biosciences, Inc. is a U.S. biotechnology firm operating in global partnership with the Hayashibara Group, which also holds 6% of Amarillo Biosciences shares and has provided over $18 million in loans, grants and equity investments. The Company's primary focus is extensive and ongoing R&D into the use of low-dose, orally administered interferon as a treatment for a variety of conditions, including influenza, hepatitis C, chronic cough, and opportunistic infections in patients who are HIV positive. The Company has invested nearly $40 million to establish oral interferon as a therapeutic agent. The majority of those funds were invested in clinical trials in an effort to achieve FDA approval for interferon. Additional information is available on the web at http://www.amarbio.com/.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including uncertainties related to product development, uncertainties related to the need for regulatory and other government approvals, dependence on proprietary technology, uncertainty of market acceptance of oral interferon or the Company's other product candidates and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. In particular, see "Item 1. Description of Business" and "Item 7A. Qualitative and Quantitative Disclosures About Market Risk" of the Company's Form 10-K for the fiscal year ended December 31, 2010.
Virapress is a dietary supplement derived from a bovine protein extract produced by ABI and will be marketed with claims to improve health and enhance immunity. In parallel with Bio-Stasis International's internet marketing campaign, ABI will market its bovine extract to health food stores and internationally under ABI's brand name. ABI has already received serious inquiries about distribution rights from marketers in 9 different countries in the Middle East and Africa and has commenced negotiations on international distribution rights.
"We expect our internet marketing campaign to significantly increase the market for Virapress and, also, its primary ingredient, bovine extract," said Lawrence H. Griffin, president, Bio-Stasis International.
Virapress has not been evaluated by the Food and Drug Administration, and should not take the place of a regular medical evaluation by a licensed health practitioner.
About Bio-Stasis International, Inc.
Bio-Stasis is committed to the promotion of natural products which have been shown to promote health and healing. Each Bio-Stasis product must have scientific evidence to support effectiveness, without side effects. For additional information, please visit the Bio-Stasis International Inc.'s website www.virapress.com
About Amarillo Biosciences
Amarillo Biosciences, Inc. is a U.S. biotechnology firm operating in global partnership with the Hayashibara Group, which also holds 6% of Amarillo Biosciences shares and has provided over $18 million in loans, grants and equity investments. The Company's primary focus is extensive and ongoing R&D into the use of low-dose, orally administered interferon as a treatment for a variety of conditions, including influenza, hepatitis C, chronic cough, and opportunistic infections in patients who are HIV positive. The Company has invested nearly $40 million to establish oral interferon as a therapeutic agent. The majority of those funds were invested in clinical trials in an effort to achieve FDA approval for interferon. Additional information is available on the web at http://www.amarbio.com/.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including uncertainties related to product development, uncertainties related to the need for regulatory and other government approvals, dependence on proprietary technology, uncertainty of market acceptance of oral interferon or the Company's other product candidates and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. In particular, see "Item 1. Description of Business" and "Item 7A. Qualitative and Quantitative Disclosures About Market Risk" of the Company's Form 10-K for the fiscal year ended December 31, 2010.
Monday, July 18, 2011
Fortune Oil and Gas, Inc. (FOGC) Texas Joint Venture and BC Overview
HENDERSON, Nev., July 18, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc.'s (FOGC; http://www.fortuneoilandgascorp.com) Cressent Energy El Paso joint venture delivers results and solid future opportunities.
Cressent Energy oil opportunities through the venture seem promising. The company will seek petrochemical engineer's opinion to confirm the wells' abilities to produce revenue on an ongoing basis and into the future. If the reports prove viable reserves in these oil wells, Cressent will proceed with acquisition on these leases. This cooperation will foster Cressent's plan for organic growth without outside investment. Through this cooperation, Cressent Energy is looking to acquire 40 leases with over 100 wells present on these properties.
In other news, Alta mining continues to follow its leads into the silver acquisitions in British Columbia, Canada. The company wants its followers to understand that the historical findings in the property's vicinity are located in "convenient" locations, that is being without overburden (barred rock areas), and close to infrastructures. The company is looking at claims surrounding these proven "convenient" claims/findings. While still close to infrastructures, the areas scouted by Alta carry light, easily removable overburden, but are still part of the same geological development.
More updates on both subsidiaries to follow shortly.
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 Energy oil opportunities through the venture seem promising. The company will seek petrochemical engineer's opinion to confirm the wells' abilities to produce revenue on an ongoing basis and into the future. If the reports prove viable reserves in these oil wells, Cressent will proceed with acquisition on these leases. This cooperation will foster Cressent's plan for organic growth without outside investment. Through this cooperation, Cressent Energy is looking to acquire 40 leases with over 100 wells present on these properties.
In other news, Alta mining continues to follow its leads into the silver acquisitions in British Columbia, Canada. The company wants its followers to understand that the historical findings in the property's vicinity are located in "convenient" locations, that is being without overburden (barred rock areas), and close to infrastructures. The company is looking at claims surrounding these proven "convenient" claims/findings. While still close to infrastructures, the areas scouted by Alta carry light, easily removable overburden, but are still part of the same geological development.
More updates on both subsidiaries to follow shortly.
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.
Wind Works Power Corp. Signs Agreement for $15 Million Financing
Financing to Provide Full Development of Ontario Projects and Additional Residual Revenue Stream
OTTAWA, ONTARIO--(Marketwire - 07/18/11) - Wind Works Power Corp. (OTCQB:WWPW)(PINK SHEETS:WWPW - News)(FRANKFURT:R5E1 - News)(WKN:A0RPM2) is pleased to announce it has signed an Agreement with a corporate investor to provide $15 million in financing for development costs of Wind Works' current project pipeline in Ontario, Canada. The financing is non-dilutive at the public company level.
The financing will be used to fund the development costs of Wind Works' existing projects in Ontario plus new projects that may be acquired during the term of the financing. Existing projects in Ontario include the 7 projects totaling 80MW that have been awarded FIT contracts represented by Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, Clean Breeze, Ganaraska, and Whispering Woods, plus the newly-acquired 5MW project announced June 14th.
The $15 million financing is a convertible debenture facility with a Maturity Date of January 31, 2013. Both interest and principal are due at Maturity. Funding is subject to satisfactory due diligence by investor on a project-by-project basis. The investor may, at its sole option, elect to convert all or part of their investment into equity in any of the projects that were funded using this financing facility. In such a case, the investor would earn a 49% interest in those specific projects if they elected to convert. Following conversion, Wind Works shall have the option to repurchase the project equity upon 30 days' notice.
"With this $15 million financing, we now have the funding in place to fully develop our Ontario project portfolio, plus add to it in a strategic way", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "Our objective is to build a stable, recurring revenue stream by both selling certain projects for a gain and retaining a royalty interest; and by building other projects and owning and operating them over the longer-term in our 3 major markets of Ontario, the US, and Germany."
On May 5, 2011 Wind Works gave notice terminating the Asset Purchase Agreement with Premier Renewable Energy, Inc. ("Premier"). The Agreement contemplated the sale of five wind energy projects in Ontario, Canada totaling 50 megawatts. The five wind parks were: Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge and Clean Breeze. According to the Agreement Premier was obligated to pay certain development costs which they failed to do. The Agreement was therefore terminated for cause and Works has returned to Premier a total of $950,000 representing the amount of the refundable deposit. Except for the refundable deposit mentioned above, there is no further liability to either Wind Works or Premier as a result of the termination of the agreement. The $15 Million financing detailed above will be used by Wind Works to develop the 50MW that were subject to the proposed sale to Premier.
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 20 tons each year (for the US), it only takes a modern windmill 2 days by producing approx. 40,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Wind Works Power Corp.
OTTAWA, ONTARIO--(Marketwire - 07/18/11) - Wind Works Power Corp. (OTCQB:WWPW)(PINK SHEETS:WWPW - News)(FRANKFURT:R5E1 - News)(WKN:A0RPM2) is pleased to announce it has signed an Agreement with a corporate investor to provide $15 million in financing for development costs of Wind Works' current project pipeline in Ontario, Canada. The financing is non-dilutive at the public company level.
The financing will be used to fund the development costs of Wind Works' existing projects in Ontario plus new projects that may be acquired during the term of the financing. Existing projects in Ontario include the 7 projects totaling 80MW that have been awarded FIT contracts represented by Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, Clean Breeze, Ganaraska, and Whispering Woods, plus the newly-acquired 5MW project announced June 14th.
The $15 million financing is a convertible debenture facility with a Maturity Date of January 31, 2013. Both interest and principal are due at Maturity. Funding is subject to satisfactory due diligence by investor on a project-by-project basis. The investor may, at its sole option, elect to convert all or part of their investment into equity in any of the projects that were funded using this financing facility. In such a case, the investor would earn a 49% interest in those specific projects if they elected to convert. Following conversion, Wind Works shall have the option to repurchase the project equity upon 30 days' notice.
"With this $15 million financing, we now have the funding in place to fully develop our Ontario project portfolio, plus add to it in a strategic way", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "Our objective is to build a stable, recurring revenue stream by both selling certain projects for a gain and retaining a royalty interest; and by building other projects and owning and operating them over the longer-term in our 3 major markets of Ontario, the US, and Germany."
On May 5, 2011 Wind Works gave notice terminating the Asset Purchase Agreement with Premier Renewable Energy, Inc. ("Premier"). The Agreement contemplated the sale of five wind energy projects in Ontario, Canada totaling 50 megawatts. The five wind parks were: Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge and Clean Breeze. According to the Agreement Premier was obligated to pay certain development costs which they failed to do. The Agreement was therefore terminated for cause and Works has returned to Premier a total of $950,000 representing the amount of the refundable deposit. Except for the refundable deposit mentioned above, there is no further liability to either Wind Works or Premier as a result of the termination of the agreement. The $15 Million financing detailed above will be used by Wind Works to develop the 50MW that were subject to the proposed sale to Premier.
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 20 tons each year (for the US), it only takes a modern windmill 2 days by producing approx. 40,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Wind Works Power Corp.
Sunday, July 17, 2011
TGI Group (TSPG) Corporate Update: Planned Business Developments
RED BANK, NEW JERSEY--(Marketwire - 07/15/11) - TGI Group (PINK SHEETS:TSPG - News), a group of companies focusing on high-tech industries, and the company management want to address the current company business stance and address the current trading patterns of TSPG.
Mr. Henry Val, CEO of TSPG stated, "Major shareholder of TSPG brought to our attention the recent volatility regarding trading of TSPG Stock. There seems to be downward trend on the market, creating an unwanted instability of TSPG stock, and we are currently working closely with our major shareholders to protect our stock and shareholders, remedy this situation, and increase the value of our stock where it belongs."
"Besides the current stock situation, we move forward focusing on growth in several high-tech sectors. TGI Group operates four high-tech subsidiaries, TGI Solar/EKOPLAZ, Manage Vision Inc., Edgetech Systems Inc., and Worldlink Data Inc./Worldlink Group Plc. All these ventures focus on the niche industries that currently saturate media but not the market, and the ventures are well-positioned to deliver substantial growth opportunities in relatively short time. We at TSPG continue to seek viable new opportunities that will foster business growth, while our subsidiaries organically grow in their sectors. Our focus is on value."
"We urge our followers and investors to review our business model once more and realise that we are not focusing on the standard "retail" services, but at the key services for the retailers, whether its cloud computing or trading. This gives TSPG a great advantage and exposure to new business and new opportunities that other companies may never come across, and we intend to take full advantage of this fact. TSPG plans to deliver results into growth of its subsidiaries and secure a steady market growth."
"We expect to provide shareholders with regular updates to all our business achievements that are currently set to motion."
Sincerely,
Henry Val, CEO of TSPG
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.
Mr. Henry Val, CEO of TSPG stated, "Major shareholder of TSPG brought to our attention the recent volatility regarding trading of TSPG Stock. There seems to be downward trend on the market, creating an unwanted instability of TSPG stock, and we are currently working closely with our major shareholders to protect our stock and shareholders, remedy this situation, and increase the value of our stock where it belongs."
"Besides the current stock situation, we move forward focusing on growth in several high-tech sectors. TGI Group operates four high-tech subsidiaries, TGI Solar/EKOPLAZ, Manage Vision Inc., Edgetech Systems Inc., and Worldlink Data Inc./Worldlink Group Plc. All these ventures focus on the niche industries that currently saturate media but not the market, and the ventures are well-positioned to deliver substantial growth opportunities in relatively short time. We at TSPG continue to seek viable new opportunities that will foster business growth, while our subsidiaries organically grow in their sectors. Our focus is on value."
"We urge our followers and investors to review our business model once more and realise that we are not focusing on the standard "retail" services, but at the key services for the retailers, whether its cloud computing or trading. This gives TSPG a great advantage and exposure to new business and new opportunities that other companies may never come across, and we intend to take full advantage of this fact. TSPG plans to deliver results into growth of its subsidiaries and secure a steady market growth."
"We expect to provide shareholders with regular updates to all our business achievements that are currently set to motion."
Sincerely,
Henry Val, CEO of TSPG
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.
Cressent Energy (FOGC) Return of Successful Results
HENDERSON, NEVADA--(Marketwire - 07/15/11) - Fortune Oil and Gas, Inc. (PINK SHEETS:FOGC - News)(http://www.fortuneoilandgascorp.com) is pleased to announce that its Cressent Energy's joint venture in El Paso, Texas announced on July 8, 2011 delivers results.
The undisclosed company is a broker for buyers and sellers of income-producing oil properties. Similar to a real estate broker, this unnamed company works to help people find a property that will make them money.
The cooperation has brought Cressent Energy several oil opportunities that are currently under review by the company. The company will seek an opinion from a petrochemical engineer to confirm the wells' abilities to produce revenue on an ongoing basis well into the future. If the reports prove viable reserves in these oil wells, Cressent will proceed with acquisition on these leases.
Through this cooperation, Cressent Energy is looking to acquire 40 leases located in Northwest Texas with over 100 wells present on these properties, in one of the Texas' leading oil counties.
The company is excited about these expected results and intends to release more details shortly.
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.
The undisclosed company is a broker for buyers and sellers of income-producing oil properties. Similar to a real estate broker, this unnamed company works to help people find a property that will make them money.
The cooperation has brought Cressent Energy several oil opportunities that are currently under review by the company. The company will seek an opinion from a petrochemical engineer to confirm the wells' abilities to produce revenue on an ongoing basis well into the future. If the reports prove viable reserves in these oil wells, Cressent will proceed with acquisition on these leases.
Through this cooperation, Cressent Energy is looking to acquire 40 leases located in Northwest Texas with over 100 wells present on these properties, in one of the Texas' leading oil counties.
The company is excited about these expected results and intends to release more details shortly.
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.
Flint Telecom Australian Joint Venture Signs First Vietnamese Banking Partner
Remit2Vietnam Signs With Ficombank to Offer International Remittance Services to Vietnamese Communities in the United States and Australia Sending Money Home
OVERLAND PARK, KS--(Marketwire - 07/15/11) - Flint Telecom Group, Inc.
(www.flinttelecomgroup.com) (OTC.BB:FLTT - News), an international telecom technology and financial processing organization, today announces that its Australian joint venture Remit2Vietnam Pty. Ltd, ("R2V") has successfully launched its Vietnam Remittance Program ("Program") with the recent signing of First Joint Stock Commercial Bank ("Ficombank") in Vietnam. Under the agreement Ficombank will work closely with R2V to offer the innovative international remittance services to its customers within Vietnam and to Vietnamese communities in the United States and Australia.
Signing the first Vietnamese bank launches the Program, directed at over 1.6 million Vietnamese living in the United States and approximately 300,000 living in Australia, as well as the millions of Vietnamese that receive remittances into Vietnam. The Program is targeted to capture a significant portion of the rapidly growing $8.2 billion dollars currently remitted to Vietnam annually. Ficombank announced the agreement and launch of the services on its web site (www.ficombank.com.vn/vi-VN/zone/242/item/929/item.cco) and is initially promoting the program with its current account holders and with further announcements in the local media.
Under the Program Flint will provide all of the necessary transaction processing services for the cards issued to Ficombank customers, receiving a fee for every customer transaction. Flint will also jointly manage the marketing, sales and operations of the Program with R2V in the United States and Vietnam. R2V is providing the necessary capital to meet the Program costs associated with sales and distribution efforts along with the costs of issuing the prepaid debit cards to the Vietnamese in the United States and Australia.
Mr. Nguyen Ngoc Thinh, General Director of Ficombank, said, "This program will help extend the reach of Ficombank into the United States and Australian markets while giving Ficombank's customers the benefits of low cost, convenient, bank protected international money transfers from the U.S. and Australia into Vietnam."
Mr. Rowlison, Chief Operating Officer of R2V, stated, "We look forward to working with our new partners in Vietnam and with the Vietnamese communities in the United States and Australia. This is an important first project for us in Vietnam and the first in a number of initiatives underway. As I have previously stated, we believe we can capture 5% of this remittance market quickly with increases in market share thereafter."
Mr. Quang Nguyen, Chief Marketing Officer of R2V, stated, "It is a great opportunity for Vietnamese living overseas to enjoy convenient remittance services 24/7 everyday with one of the lowest cost of money transfer in the market with remarkable features such as instant money transfer from card-to-card with high safety and security."
Mr. Abu Karim, R2V CEO and Flint's President of Financial Processing Services for Asia Pacific, stated, "We are extremely pleased to be working with Ficombank and adding them to our growing global network of banking partners for prepaid debit card and innovative card-to-card international remittance programs. Ficombank clearly sees this Program as key to them capturing a share of this large and growing market and we look forward to partnering with such a vibrant and innovative company moving forward. If R2V achieve its stated market targets then Flint will be processing approximately $400 million of transactions per year for this Program alone, generating over half of our group targets of processing $730 million of customer transactions annually or $2 million per day."
About Ficombank:
Ficombank is one of the first joint-stock financial institutions in Vietnam. Established in 1993 with initial capital of 20 billion it operates a banking network in the major cities of Vietnam. The model of the Bank's operation is particularly suited to the model of a retail bank with the majority of customers being small and medium enterprises, and individuals. 2010 is the year marking the remarkable growth of Ficombank with total assets increasing nearly five times with the number of branches doubled. The bank has been evaluated to have stable credit growth and good management in credit quality by the Credit Information Center - State Bank of Vietnam. Additional information may be found at www.ficombank.com.vn
About Remit2Vietnam:
Remit2Vietnam is an Australian based independent sales organization ("ISO") working in the United States, Australia and Vietnam offering pre-paid debit card services in partnership with domestic and international banks and other program sponsors. With its affiliates and partners, Remit2Vietnam provides stored value financial and marketing services in Australia, United States and Vietnam utilizing partner bank issued prepaid debit cards with international remittance capabilities. Flint Telecom Group Inc, holds a 40% equity stake in R2V through its wholly owned subsidiary Ingedigit International Inc based in Florida. Additional information may be found at www.r2v.com.au
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.
OVERLAND PARK, KS--(Marketwire - 07/15/11) - Flint Telecom Group, Inc.
(www.flinttelecomgroup.com) (OTC.BB:FLTT - News), an international telecom technology and financial processing organization, today announces that its Australian joint venture Remit2Vietnam Pty. Ltd, ("R2V") has successfully launched its Vietnam Remittance Program ("Program") with the recent signing of First Joint Stock Commercial Bank ("Ficombank") in Vietnam. Under the agreement Ficombank will work closely with R2V to offer the innovative international remittance services to its customers within Vietnam and to Vietnamese communities in the United States and Australia.
Signing the first Vietnamese bank launches the Program, directed at over 1.6 million Vietnamese living in the United States and approximately 300,000 living in Australia, as well as the millions of Vietnamese that receive remittances into Vietnam. The Program is targeted to capture a significant portion of the rapidly growing $8.2 billion dollars currently remitted to Vietnam annually. Ficombank announced the agreement and launch of the services on its web site (www.ficombank.com.vn/vi-VN/zone/242/item/929/item.cco) and is initially promoting the program with its current account holders and with further announcements in the local media.
Under the Program Flint will provide all of the necessary transaction processing services for the cards issued to Ficombank customers, receiving a fee for every customer transaction. Flint will also jointly manage the marketing, sales and operations of the Program with R2V in the United States and Vietnam. R2V is providing the necessary capital to meet the Program costs associated with sales and distribution efforts along with the costs of issuing the prepaid debit cards to the Vietnamese in the United States and Australia.
Mr. Nguyen Ngoc Thinh, General Director of Ficombank, said, "This program will help extend the reach of Ficombank into the United States and Australian markets while giving Ficombank's customers the benefits of low cost, convenient, bank protected international money transfers from the U.S. and Australia into Vietnam."
Mr. Rowlison, Chief Operating Officer of R2V, stated, "We look forward to working with our new partners in Vietnam and with the Vietnamese communities in the United States and Australia. This is an important first project for us in Vietnam and the first in a number of initiatives underway. As I have previously stated, we believe we can capture 5% of this remittance market quickly with increases in market share thereafter."
Mr. Quang Nguyen, Chief Marketing Officer of R2V, stated, "It is a great opportunity for Vietnamese living overseas to enjoy convenient remittance services 24/7 everyday with one of the lowest cost of money transfer in the market with remarkable features such as instant money transfer from card-to-card with high safety and security."
Mr. Abu Karim, R2V CEO and Flint's President of Financial Processing Services for Asia Pacific, stated, "We are extremely pleased to be working with Ficombank and adding them to our growing global network of banking partners for prepaid debit card and innovative card-to-card international remittance programs. Ficombank clearly sees this Program as key to them capturing a share of this large and growing market and we look forward to partnering with such a vibrant and innovative company moving forward. If R2V achieve its stated market targets then Flint will be processing approximately $400 million of transactions per year for this Program alone, generating over half of our group targets of processing $730 million of customer transactions annually or $2 million per day."
About Ficombank:
Ficombank is one of the first joint-stock financial institutions in Vietnam. Established in 1993 with initial capital of 20 billion it operates a banking network in the major cities of Vietnam. The model of the Bank's operation is particularly suited to the model of a retail bank with the majority of customers being small and medium enterprises, and individuals. 2010 is the year marking the remarkable growth of Ficombank with total assets increasing nearly five times with the number of branches doubled. The bank has been evaluated to have stable credit growth and good management in credit quality by the Credit Information Center - State Bank of Vietnam. Additional information may be found at www.ficombank.com.vn
About Remit2Vietnam:
Remit2Vietnam is an Australian based independent sales organization ("ISO") working in the United States, Australia and Vietnam offering pre-paid debit card services in partnership with domestic and international banks and other program sponsors. With its affiliates and partners, Remit2Vietnam provides stored value financial and marketing services in Australia, United States and Vietnam utilizing partner bank issued prepaid debit cards with international remittance capabilities. Flint Telecom Group Inc, holds a 40% equity stake in R2V through its wholly owned subsidiary Ingedigit International Inc based in Florida. Additional information may be found at www.r2v.com.au
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.
Thursday, July 14, 2011
Andiamo Corporation (ANDI) Home Owners Foreclosure Assistance
ST. PETERSBURG, FLORIDA--(Marketwire - 07/12/11) - Title Consulting Services, Inc. DBA as Accu Title Agency, a subsidiary of Andiamo Corporation (PINK SHEETS:ANDI - News) is pleased to announce a joint effort to help home sellers that are upside down on their homes.
Accu Title www.accu-title.com and Mascia Law Firm www.mascialawfirm.com have established a relationship whereby Mascia Law Firm, a national real estate and debt negotiation law firm, will handle short sale negotiations for Accu Title customers with no upfront or monthly cost.
Dustin Secor, CEO of Accu Title commented, "With so many of our clients being underwater on their homes, it is critical that they get quality legal representation from the moment they list their home that will guide them along the way and produce a successful closing. We are excited to have the Mascia Law Firm help us to help those who are in such a difficult situation."
Paul Mascia, senior partner at The Mascia Law Firm, observes, "Accu Title's large presence will allow us to help a great number of homeowners that are in desperate need. The Short Sale process is difficult and complex, but our ability to stream line the process and negotiate aggressively for debt forgiveness will make a tremendous impact for Accu Title's customers."
Real Estate Professionals seeking help for their clients can now contact Accu Title's Short Sale Division for this very important and helpful service by calling 727-520-9500 Extension 216.
In further market news, the St Petersburg Times reported Prices for Tampa Bay homes continue to rise: http://www.tampabay.com/news/business/realestate/article1179944.ece
The Florida Association of Realtors, recently reported that Florida Existing Home Sales Rise In May 2011: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=261383
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Title Consulting Services, 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. Andiamo Corp. cautions you that any forward-looking information provided by or on behalf of Andiamo Corp. 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. Andiamo Corp.'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 Andiamo Corp.'s control. In addition to those discussed in Andiamo Corp.'s press releases, public filings, and statements by Andiamo Corp.'s management, including, but not limited to, Andiamo Corp.'s estimate of the sufficiency of its existing capital resources, Andiamo Corp.'s ability to raise additional capital to fund future operations, Andiamo Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Andiamo Corp.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Andiamo Corp. 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.
Accu Title www.accu-title.com and Mascia Law Firm www.mascialawfirm.com have established a relationship whereby Mascia Law Firm, a national real estate and debt negotiation law firm, will handle short sale negotiations for Accu Title customers with no upfront or monthly cost.
Dustin Secor, CEO of Accu Title commented, "With so many of our clients being underwater on their homes, it is critical that they get quality legal representation from the moment they list their home that will guide them along the way and produce a successful closing. We are excited to have the Mascia Law Firm help us to help those who are in such a difficult situation."
Paul Mascia, senior partner at The Mascia Law Firm, observes, "Accu Title's large presence will allow us to help a great number of homeowners that are in desperate need. The Short Sale process is difficult and complex, but our ability to stream line the process and negotiate aggressively for debt forgiveness will make a tremendous impact for Accu Title's customers."
Real Estate Professionals seeking help for their clients can now contact Accu Title's Short Sale Division for this very important and helpful service by calling 727-520-9500 Extension 216.
In further market news, the St Petersburg Times reported Prices for Tampa Bay homes continue to rise: http://www.tampabay.com/news/business/realestate/article1179944.ece
The Florida Association of Realtors, recently reported that Florida Existing Home Sales Rise In May 2011: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=261383
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Title Consulting Services, 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. Andiamo Corp. cautions you that any forward-looking information provided by or on behalf of Andiamo Corp. 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. Andiamo Corp.'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 Andiamo Corp.'s control. In addition to those discussed in Andiamo Corp.'s press releases, public filings, and statements by Andiamo Corp.'s management, including, but not limited to, Andiamo Corp.'s estimate of the sufficiency of its existing capital resources, Andiamo Corp.'s ability to raise additional capital to fund future operations, Andiamo Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Andiamo Corp.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Andiamo Corp. 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.
A New Audio Interview with Greg Wilson, Founder of Wind Works Power Corp., is Now at SmallCapVoice.com
AUSTIN, Texas, July 13, 2011 /PRNewswire/ -- SmallCapVoice.com, Inc. announced today that a new audio interview with Wind Works Power Corp. (OTCQB: WWPW) (FRANKFURT:R5E1.f - News) is now available. The interview can be heard at http://smallcapvoice.com/blog/7-8-11-audio-interview-with-wind-works-power-corp-otcbb-wwpw
SmallCapVoice is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases.
SmallCapVoice also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC QB, OTC QX and OTC Pink. To learn more about SmallCapVoice and their services, please visit http://www.smallcapvoice.com/services.html.
To sign up for the free small cap stock newsletter, The Small Cap Daily, please visit http://smallcapvoice.com/newsletter.html
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person's carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
SmallCapVoice is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases.
SmallCapVoice also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC QB, OTC QX and OTC Pink. To learn more about SmallCapVoice and their services, please visit http://www.smallcapvoice.com/services.html.
To sign up for the free small cap stock newsletter, The Small Cap Daily, please visit http://smallcapvoice.com/newsletter.html
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person's carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: www.windworkspower.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Alta Mining (FOGC) Exploration in a Mineral-Rich Region of BC, Canada
HENDERSON, Nev., July 13, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc. (FOGC; http://www.fortuneoilandgascorp.com) and its subsidiary Alta Mining, driven by the latest compilation report based on the previous exploration work and significant geological potential (contoured by geologists who had worked on the property in the past), are entering final stages of the negotiation process which could result in significant enhancement of the company's presence in the region.
Alta Mining is in the process of building a sizable inventory of base metal resources and is on an aggressive hunt to add an additional mineral property into its portfolio. The company is seeking to expand the size of its presence across a relatively under-explored territory proximate to its current positions. Alta management is confident that a possible increase of the company mining portfolio into an area with already proven mineral deposits will help it to benefit from the reality of the current mining and commodity market environment.
Upon conclusion of the negotiation process, Alta is going to determine future exploration plans and start with property development focused predominantly on the quick and accurate exploration techniques that will further reveal property's mining potential. This kind of business dynamic should allow the company to increase the value of its natural resource potential, integrate itself effectively into the global mining market and keep FOGC as a favorable competitive investment opportunity for its current and future shareholders.
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.
Fortune Oil & Gas, Inc.
Alta Mining is in the process of building a sizable inventory of base metal resources and is on an aggressive hunt to add an additional mineral property into its portfolio. The company is seeking to expand the size of its presence across a relatively under-explored territory proximate to its current positions. Alta management is confident that a possible increase of the company mining portfolio into an area with already proven mineral deposits will help it to benefit from the reality of the current mining and commodity market environment.
Upon conclusion of the negotiation process, Alta is going to determine future exploration plans and start with property development focused predominantly on the quick and accurate exploration techniques that will further reveal property's mining potential. This kind of business dynamic should allow the company to increase the value of its natural resource potential, integrate itself effectively into the global mining market and keep FOGC as a favorable competitive investment opportunity for its current and future shareholders.
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.
Fortune Oil & Gas, Inc.
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