Through Licensing and Shipping of Reclamation Plants in the Middle East
EDMONTON, AB--(Marketwire -08/30/11)- Green Oasis Environmental Inc. (Pinksheets: GRNO.PK - News), a Florida corporation is pleased to announce its wholly owned subsidiary, Custom Carbon Processing Inc. (CCP), has been looking into the opportunity to do business in other countries as international companies continue to take interest in CCP's processing capabilities and technology.
In the past few years, CCP has been approached by several companies who have expressed an interest to work with CCP. These firms have requested to establish a facility in which they could process the slop oil that has built up to "problematic" levels in their oil fields. There is verified sampling and research that indicates vast amounts of barrels of slop oil waiting to be remediated.
"Prior to the general unrest in the Middle East and the various countries, including Yemen, we were negotiating a transaction to establish an oil reclamation facility in Yemen. A Memorandum of Understanding (MOU) had been entered into and we were following up with ongoing negotiations. As the safety of our personnel and of our equipment is important to our Company, we decided to suspend negotiations until such time as the conflict was resolved and we were able to continue our negotiations. We are now looking at our options in the setting up of a plant in Yemen, and we continue those negotiations. This will include the licensing, transportation and setup at the particular site. Pursuant to the MOU, we were to provide training and operational experience and expertise to the individuals who would be operating the equipment, and providing the appropriate safety manuals and operation manuals for this expansion. We are hopeful that we can continue these negotiations to increase the profitability of our Company and, of course, limit the dangers in these foreign entities," stated Peter Margiotta - President/CEO of Green Oasis.
Green Oasis - "Green today for a stronger tomorrow"
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring and providing access to world class technologies available today and has chosen to focus its efforts on seeking acquisitions of technology and/or operations concerning the remediation of slop oil, waste engine oil, and tank bottom oils. GRNO has every intention of becoming the single best option for reclaiming oil to pipeline specification from these waste products. Through the Company's state of the art technology, GRNO will be able to process these waste products at one of their facilities or at a customer's site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that CCP has developed, CCP is able to process slop oil unrefined, non saleable oil) into pipeline standard crude. Its first facility has proven its capabilities to process up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, CCP sells the processed slop oil to Shell Trading (US) Company (www.shell.us). Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP has enjoyed recent expansion by opening a second facility in Montana, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America.
For more information on Green Oasis Environmental, Inc. or Custom Carbon Processing Inc., please visit www.greenoasisenvironmental.com or contact Investor Relations at (877) 207-3370.
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Tuesday, August 30, 2011
China HGS Joins 1.44 Million sq. ft. Primary Land Development in Hanzhong
HANZHONG, China, Aug. 29, 2011 /PRNewswire-Asia-FirstCall/ -- China HGS Real Estate Inc. (NASDAQ:HGSH - News) ("China HGS" or "the Company"), one of the largest residential and commercial property developers in China's southern Shaanxi province, today announced that its operating entity in China, Shaanxi Guangsha Investment and Development Group Co., Ltd. (the "Guangsha Group"), was recently qualified to join the primary land development of 199.5 mu (approximately 1.44 million sq. ft.) of construction land (the "Target Land") in Hanzhong municipal territory. The city of Hanzhong has a municipal area of approximately 27,000 square kilometers (6.7 million acres), with a population of 3.7 million.
Based on the primary land-development agreement between the Guangsha Group and the Hanzhong local government, the Guangsha Group will provide RMB 119.7 million (approximately $18.7 million), which will be completely self-financed, to the Hanzhong local government for the land requisition, clearing, and relocation of existing residents. The Hanzhong local government will be responsible for the organization and implementation of the primary land development. This investment figure is based on an estimated unit cost of RMB 600,000 per mu (approximately $100,000 per mu, or $13 per sq. ft.). The land requisition, clearing, and relocation of existing residents are expected to be completed by February 2012. The Target Land will be allocated to public real-estate developers via an open-bid process during the second calendar quarter of 2012. Following the completion of the bidding process, the Guangsha Group will share the net land-sales proceeds (the gross land sales proceeds minus the funds provided by Guangsha Group for the primary land development) with the local government.
As of August 20, 2011, the Guangsha Group had made payments totaling RMB 20 million (approximately $3.1 million) to the Hanzhong local government. The remainder of the funds will be provided in installments to the Hanzhong local government by February 2012.
The Target Land is located on the eastern side of the current Hanzhong downtown area and represents an important part of Hanzhong's future expansion plans. In accordance with the Hanzhong city's 2010 development plan, the downtown area of Hanzhong will be expanded toward the eastern side of the existing city center during the next ten years. Based on the current real estate market situation in Hanzhong and the internal forecast of the Guangsha Group, the unit price of the Target Land is expected to increase to at least RMB 1.2 million per mu (approximately $200,000 per mu, or $26 per sq. ft.) by the second calendar quarter of 2012.
"We are very delighted to successfully join the primary land development of the Target Land, which reflects China HGS's market leadership in Hanzhong and the government's trust in our capabilities," stated Mr. Xiaojun Zhu, Chairman and Chief Executive Officer of China HGS Real Estate, Inc. "Along with the rapid economic development and population expansion in Hanzhong and its surrounding areas, the property market in Hanzhong is also robustly expanding. The Target Land we secured offers significant room for value appreciation, since it will become part of the central area of Hanzhong's new city center. In addition to the profit expected from the primary land development, we will also review the residential and commercial property development plan on this land in order to determine whether to participate in the open-bid process before it starts in the second calendar quarter of 2012."
Note: Primary land development refers to those land development activities that are organized by the relevant government agency, sometimes in cooperation with local real estate developers. The government agency is responsible for the administration of land development in accordance with the requirements of the relevant urban plan and civil infrastructure so as to meet the standard preconditions for a land grant, including the payment of compensation for the requisition of the land, the removal and resettlement of existing land users, land clearing and the construction of municipal infrastructure and public facilities.
About China HGS Real Estate Inc.
China HGS Real Estate Inc., through its wholly owned subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd., specializes in real estate development in China's third-tier and fourth-tier cities. The Company's real estate properties include multi-layer, sub-high-rise, and high-rise apartment buildings. The Company possesses the national Grade-II real estate qualification and was ranked as the No. 1 property developer in Hanzhong, Shaanxi Province in terms of market share in 2007, 2008, 2009, and 2010 successively.
Forward-looking Statements:
This press release contains certain statements that may include 'forward-looking statements'. All statements other than statements of historical fact included herein are 'forward-looking statements'. These forward looking statements are often identified by the use of forward-looking terminology such as 'believes,' 'expects' or similar expressions, involve known and unknown risks and uncertainties. These statements relate, but are not limited to, demand for property in Hanzhong and its surrounding areas, legislation affecting real estate on the national and local level, and property pricing. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Based on the primary land-development agreement between the Guangsha Group and the Hanzhong local government, the Guangsha Group will provide RMB 119.7 million (approximately $18.7 million), which will be completely self-financed, to the Hanzhong local government for the land requisition, clearing, and relocation of existing residents. The Hanzhong local government will be responsible for the organization and implementation of the primary land development. This investment figure is based on an estimated unit cost of RMB 600,000 per mu (approximately $100,000 per mu, or $13 per sq. ft.). The land requisition, clearing, and relocation of existing residents are expected to be completed by February 2012. The Target Land will be allocated to public real-estate developers via an open-bid process during the second calendar quarter of 2012. Following the completion of the bidding process, the Guangsha Group will share the net land-sales proceeds (the gross land sales proceeds minus the funds provided by Guangsha Group for the primary land development) with the local government.
As of August 20, 2011, the Guangsha Group had made payments totaling RMB 20 million (approximately $3.1 million) to the Hanzhong local government. The remainder of the funds will be provided in installments to the Hanzhong local government by February 2012.
The Target Land is located on the eastern side of the current Hanzhong downtown area and represents an important part of Hanzhong's future expansion plans. In accordance with the Hanzhong city's 2010 development plan, the downtown area of Hanzhong will be expanded toward the eastern side of the existing city center during the next ten years. Based on the current real estate market situation in Hanzhong and the internal forecast of the Guangsha Group, the unit price of the Target Land is expected to increase to at least RMB 1.2 million per mu (approximately $200,000 per mu, or $26 per sq. ft.) by the second calendar quarter of 2012.
"We are very delighted to successfully join the primary land development of the Target Land, which reflects China HGS's market leadership in Hanzhong and the government's trust in our capabilities," stated Mr. Xiaojun Zhu, Chairman and Chief Executive Officer of China HGS Real Estate, Inc. "Along with the rapid economic development and population expansion in Hanzhong and its surrounding areas, the property market in Hanzhong is also robustly expanding. The Target Land we secured offers significant room for value appreciation, since it will become part of the central area of Hanzhong's new city center. In addition to the profit expected from the primary land development, we will also review the residential and commercial property development plan on this land in order to determine whether to participate in the open-bid process before it starts in the second calendar quarter of 2012."
Note: Primary land development refers to those land development activities that are organized by the relevant government agency, sometimes in cooperation with local real estate developers. The government agency is responsible for the administration of land development in accordance with the requirements of the relevant urban plan and civil infrastructure so as to meet the standard preconditions for a land grant, including the payment of compensation for the requisition of the land, the removal and resettlement of existing land users, land clearing and the construction of municipal infrastructure and public facilities.
About China HGS Real Estate Inc.
China HGS Real Estate Inc., through its wholly owned subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd., specializes in real estate development in China's third-tier and fourth-tier cities. The Company's real estate properties include multi-layer, sub-high-rise, and high-rise apartment buildings. The Company possesses the national Grade-II real estate qualification and was ranked as the No. 1 property developer in Hanzhong, Shaanxi Province in terms of market share in 2007, 2008, 2009, and 2010 successively.
Forward-looking Statements:
This press release contains certain statements that may include 'forward-looking statements'. All statements other than statements of historical fact included herein are 'forward-looking statements'. These forward looking statements are often identified by the use of forward-looking terminology such as 'believes,' 'expects' or similar expressions, involve known and unknown risks and uncertainties. These statements relate, but are not limited to, demand for property in Hanzhong and its surrounding areas, legislation affecting real estate on the national and local level, and property pricing. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Nasdaq stocks posting largest volume increases
Top 10 Nasdaq-traded stocks posting largest volume increases
NEW YORK (AP) -- A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
CFS Bancorp Inc. : Approximately 91,100 shares changed hands, a 1,418.8 percent increase over its 65-day average volume. The shares rose $.05 or .9 percent to $5.50.
Central Virginia Bankshares : Approximately 33,600 shares changed hands, a 672.0 percent increase over its 65-day average volume. The shares fell $.12 or 9.7 percent to $1.12.
China HGS Real Estate Inc. : Approximately 73,900 shares changed hands, a 1,123.8 percent increase over its 65-day average volume. The shares rose $.06 or 3.5 percent to $1.76.
China Infrastr Inv : Approximately 1,165,900 shares changed hands, a 1,753.3 percent increase over its 65-day average volume. The shares rose $.21 or 52.5 percent to $.61.
Community Financial Corp. : Approximately 20,000 shares changed hands, a 1,231.5 percent increase over its 65-day average volume. The shares fell $.07 or 2.3 percent to $3.00.
FedFirst Financial Corp. : Approximately 26,500 shares changed hands, a 989.2 percent increase over its 65-day average volume. The shares fell $.15 or 1.1 percent to $13.40.
Fluidigm Corp. : Approximately 637,200 shares changed hands, a 727.2 percent increase over its 65-day average volume. The shares rose $.51 or 4.1 percent to $12.98.
Park Bancorp Inc. : Approximately 8,600 shares changed hands, a 1,819.0 percent increase over its 65-day average volume. The shares rose $.11 or 4.6 percent to $2.50.
QLT Inc. : Approximately 2,532,200 shares changed hands, a 1,339.0 percent increase over its 65-day average volume. The shares rose $.77 or 12.0 percent to $7.20.
Virtusa Corp. : Approximately 1,418,500 shares changed hands, a 1,462.3 percent increase over its 65-day average volume. The shares rose $.86 or 5.7 percent to $15.95.
NEW YORK (AP) -- A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
CFS Bancorp Inc. : Approximately 91,100 shares changed hands, a 1,418.8 percent increase over its 65-day average volume. The shares rose $.05 or .9 percent to $5.50.
Central Virginia Bankshares : Approximately 33,600 shares changed hands, a 672.0 percent increase over its 65-day average volume. The shares fell $.12 or 9.7 percent to $1.12.
China HGS Real Estate Inc. : Approximately 73,900 shares changed hands, a 1,123.8 percent increase over its 65-day average volume. The shares rose $.06 or 3.5 percent to $1.76.
China Infrastr Inv : Approximately 1,165,900 shares changed hands, a 1,753.3 percent increase over its 65-day average volume. The shares rose $.21 or 52.5 percent to $.61.
Community Financial Corp. : Approximately 20,000 shares changed hands, a 1,231.5 percent increase over its 65-day average volume. The shares fell $.07 or 2.3 percent to $3.00.
FedFirst Financial Corp. : Approximately 26,500 shares changed hands, a 989.2 percent increase over its 65-day average volume. The shares fell $.15 or 1.1 percent to $13.40.
Fluidigm Corp. : Approximately 637,200 shares changed hands, a 727.2 percent increase over its 65-day average volume. The shares rose $.51 or 4.1 percent to $12.98.
Park Bancorp Inc. : Approximately 8,600 shares changed hands, a 1,819.0 percent increase over its 65-day average volume. The shares rose $.11 or 4.6 percent to $2.50.
QLT Inc. : Approximately 2,532,200 shares changed hands, a 1,339.0 percent increase over its 65-day average volume. The shares rose $.77 or 12.0 percent to $7.20.
Virtusa Corp. : Approximately 1,418,500 shares changed hands, a 1,462.3 percent increase over its 65-day average volume. The shares rose $.86 or 5.7 percent to $15.95.
Wind Works Power Corp. Signs Agreement with REpower Systems to Supply 25 Turbines for Canadian Wind Projects
Agreement calls for key strategic partnership in North America
OTTAWA, ONTARIO--(Marketwire -08/25/11)- Wind Works Power Corp. (OTCQB: WWPW.OB - News)(PINK SHEETS: WWPW)(Frankfurt: R5E1.F - News)(WKN: A0RPM2) is pleased to announce they have signed definitive agreements with REpower Systems SE (Frankfurt: RPW.F - News) for the delivery and installation of 25 MM92 type turbines specially designed for cold climates. The turbines are destined for five wind farms in Ontario, Canada, including Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, and Clean Breeze, for a total capacity of 50 megawatts (MW) of installed power. Construction and maintenance of the wind farms will not only provide clean energy but also create jobs on-site.
Andreas Nauen, CEO of REpower Systems SE commented: "We are pleased that we have been able to conclude contracts with Wind Works for a total of eight wind farms in Ontario. The Cold Climate version of the REpower MM92, specifically equipped for use in locations with damp weather conditions and major temperature fluctuations, is very well received by the Canadian market."
"These additional projects show the excellent quality of cooperation between Wind Works and REpower. We are very pleased to be contributing to local job creation and content development in this way", says Helmut Herold, Managing Director of REpower Systems Inc.
"REpower and its parent company are the third largest turbine manufacturer in the world and we are very pleased to be working with them once again," commented Dr. Ingo Stuckmann, Wind Works' President and CEO. "I was involved in ordering seventeen of these same turbines in 2007 and they are performing with over 98% technical availability. They are a proven and clean technology."
With a nominal output of 2 MW each and a hub height of 100 meters, the turbines
are scheduled to be delivered in the spring of 2013 and put into operation in the summer of the same year. Just one month ago, REpower announced plans to deliver 15 turbines for projects run by Wind Works in Ontario.
According to the Canadian Wind Energy Association, each 100 megawatts of new capacity creates 300,000 dollars in annual lease payments for rural landowners as well as 3.5 million dollars in annual operation and maintenance opportunities. The same capacity will also generate 300,000 dollars in tax revenue for municipalities and create about 33 full-time jobs, many in rural areas. All five wind farms have been awarded a feed-in tariff power purchase contract by the Ontario Power Authority. The feed-in tariff program was enabled by the Green Energy and Green Economy Act 2009, which passed into law in May of 2009 and guarantees a certain pricing structure for green energy supply. Installation and commissioning of the wind farms is planned for summer 2013.
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: ww.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 -08/25/11)- Wind Works Power Corp. (OTCQB: WWPW.OB - News)(PINK SHEETS: WWPW)(Frankfurt: R5E1.F - News)(WKN: A0RPM2) is pleased to announce they have signed definitive agreements with REpower Systems SE (Frankfurt: RPW.F - News) for the delivery and installation of 25 MM92 type turbines specially designed for cold climates. The turbines are destined for five wind farms in Ontario, Canada, including Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, and Clean Breeze, for a total capacity of 50 megawatts (MW) of installed power. Construction and maintenance of the wind farms will not only provide clean energy but also create jobs on-site.
Andreas Nauen, CEO of REpower Systems SE commented: "We are pleased that we have been able to conclude contracts with Wind Works for a total of eight wind farms in Ontario. The Cold Climate version of the REpower MM92, specifically equipped for use in locations with damp weather conditions and major temperature fluctuations, is very well received by the Canadian market."
"These additional projects show the excellent quality of cooperation between Wind Works and REpower. We are very pleased to be contributing to local job creation and content development in this way", says Helmut Herold, Managing Director of REpower Systems Inc.
"REpower and its parent company are the third largest turbine manufacturer in the world and we are very pleased to be working with them once again," commented Dr. Ingo Stuckmann, Wind Works' President and CEO. "I was involved in ordering seventeen of these same turbines in 2007 and they are performing with over 98% technical availability. They are a proven and clean technology."
With a nominal output of 2 MW each and a hub height of 100 meters, the turbines
are scheduled to be delivered in the spring of 2013 and put into operation in the summer of the same year. Just one month ago, REpower announced plans to deliver 15 turbines for projects run by Wind Works in Ontario.
According to the Canadian Wind Energy Association, each 100 megawatts of new capacity creates 300,000 dollars in annual lease payments for rural landowners as well as 3.5 million dollars in annual operation and maintenance opportunities. The same capacity will also generate 300,000 dollars in tax revenue for municipalities and create about 33 full-time jobs, many in rural areas. All five wind farms have been awarded a feed-in tariff power purchase contract by the Ontario Power Authority. The feed-in tariff program was enabled by the Green Energy and Green Economy Act 2009, which passed into law in May of 2009 and guarantees a certain pricing structure for green energy supply. Installation and commissioning of the wind farms is planned for summer 2013.
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: ww.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.
Monday, August 29, 2011
Paraform Design (ZMGD) Negotiates $200,000 Contract with a Theological Institution
HENDERSON, NEVADA--(Marketwire -08/26/11)- Zamage Digital Art Imaging, Inc. (PINK SHEETS: ZMGD) (www.zamagedigitalcorp.com) and Paraform Design announce that the company is currently in negotiations with Alderson Broaddus College to provide the school with signage and way finding needs.
The Alderson Broaddus College had hired Paraform Design to conduct a way finding survey of the campus for both interior and exterior signage. The survey represents a preliminary step and Paraform Design management believes that company is highly competitive to acquire this contract.
The Alderson Broaddus College operates approximately 15 buildings spread over 170 acre campus. The contract for delivery of both interior and exterior signs for the campus would be worth circa $200,000.
"This is an exciting opportunity for us to continue building our educational client base. We are hoping to have the opportunity after the survey to design and implement the signage for the campus, utilizing our Parasign Systems product. We are currently following certain lead that's taking us through several theological schools and institutions in the US, and we believe that these is a massive growth potential," stated Ken Olschewske, the CEO of Paraform Design.
More updates on this and other company developments to follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
The Alderson Broaddus College had hired Paraform Design to conduct a way finding survey of the campus for both interior and exterior signage. The survey represents a preliminary step and Paraform Design management believes that company is highly competitive to acquire this contract.
The Alderson Broaddus College operates approximately 15 buildings spread over 170 acre campus. The contract for delivery of both interior and exterior signs for the campus would be worth circa $200,000.
"This is an exciting opportunity for us to continue building our educational client base. We are hoping to have the opportunity after the survey to design and implement the signage for the campus, utilizing our Parasign Systems product. We are currently following certain lead that's taking us through several theological schools and institutions in the US, and we believe that these is a massive growth potential," stated Ken Olschewske, the CEO of Paraform Design.
More updates on this and other company developments to follow shortly.
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.
Cressent Energy (FOGC) to Purchase Wells With $1.2 Million Annual Production Capacity
HENDERSON, NEVADA--(Marketwire -08/26/11)- Fortune Oil and Gas' (PINK SHEETS: FOGC) (http://www.fortuneoilandgascorp.com) subsidiary Cressent Energy (http://www.cressentenergy.com/) informs its followers that the evaluation of the North Texas wells has been finalized with positive results.
The company sought out the opinion of a petrochemical engineer to confirm the wells' abilities to produce revenue on an ongoing basis and well into the future. This process has now been finalized and Cressent management is currently negotiating with the owners to purchase this property.
The purchase consists of 2 wells able to produce approximately 40 barrels of oil daily. Cressent management estimates the monthly revenues from these wells to reach about $100,000 a month, which would translate into $1.2 million annually.
The purchase negotiations are currently underway. This purchase continues the Cressent management's plan for organic growth without outside investment or debt.
The opportunity to purchase these wells came from Cressent Energy's cooperation with the U.S.A.-based broker for buyers and sellers of income-producing oil properties. Similar to working with a real estate broker, this unnamed company works to help people find a property that will make them money. Cressent plans to continue its cooperation and is looking to acquire some 40 leases with over 100 wells present on these properties.
More details will 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.
Fortune Oil & Gas, Inc.
The company sought out the opinion of a petrochemical engineer to confirm the wells' abilities to produce revenue on an ongoing basis and well into the future. This process has now been finalized and Cressent management is currently negotiating with the owners to purchase this property.
The purchase consists of 2 wells able to produce approximately 40 barrels of oil daily. Cressent management estimates the monthly revenues from these wells to reach about $100,000 a month, which would translate into $1.2 million annually.
The purchase negotiations are currently underway. This purchase continues the Cressent management's plan for organic growth without outside investment or debt.
The opportunity to purchase these wells came from Cressent Energy's cooperation with the U.S.A.-based broker for buyers and sellers of income-producing oil properties. Similar to working with a real estate broker, this unnamed company works to help people find a property that will make them money. Cressent plans to continue its cooperation and is looking to acquire some 40 leases with over 100 wells present on these properties.
More details will 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.
Fortune Oil & Gas, Inc.
Thursday, August 25, 2011
Wind Works Power Corp. Signs Agreement with REpower Systems to Supply 25 Turbines for Canadian Wind Projects
OTTAWA, ONTARIO--(Marketwire -08/25/11)- Wind Works Power Corp. (OTCQB: WWPW.OB - News)(PINK SHEETS: WWPW)(Frankfurt: R5E1.F - News)(WKN: A0RPM2) is pleased to announce they have signed definitive agreements with REpower Systems SE (Frankfurt: RPW.F - News) for the delivery and installation of 25 MM92 type turbines specially designed for cold climates. The turbines are destined for five wind farms in Ontario, Canada, including Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, and Clean Breeze, for a total capacity of 50 megawatts (MW) of installed power. Construction and maintenance of the wind farms will not only provide clean energy but also create jobs on-site.
Andreas Nauen, CEO of REpower Systems SE commented: "We are pleased that we have been able to conclude contracts with Wind Works for a total of eight wind farms in Ontario. The Cold Climate version of the REpower MM92, specifically equipped for use in locations with damp weather conditions and major temperature fluctuations, is very well received by the Canadian market."
"These additional projects show the excellent quality of cooperation between Wind Works and REpower. We are very pleased to be contributing to local job creation and content development in this way", says Helmut Herold, Managing Director of REpower Systems Inc.
"REpower and its parent company are the third largest turbine manufacturer in the world and we are very pleased to be working with them once again," commented Dr. Ingo Stuckmann, Wind Works' President and CEO. "I was involved in ordering seventeen of these same turbines in 2007 and they are performing with over 98% technical availability. They are a proven and clean technology."
With a nominal output of 2 MW each and a hub height of 100 meters, the turbines
are scheduled to be delivered in the spring of 2013 and put into operation in the summer of the same year. Just one month ago, REpower announced plans to deliver 15 turbines for projects run by Wind Works in Ontario.
According to the Canadian Wind Energy Association, each 100 megawatts of new capacity creates 300,000 dollars in annual lease payments for rural landowners as well as 3.5 million dollars in annual operation and maintenance opportunities. The same capacity will also generate 300,000 dollars in tax revenue for municipalities and create about 33 full-time jobs, many in rural areas. All five wind farms have been awarded a feed-in tariff power purchase contract by the Ontario Power Authority. The feed-in tariff program was enabled by the Green Energy and Green Economy Act 2009, which passed into law in May of 2009 and guarantees a certain pricing structure for green energy supply. Installation and commissioning of the wind farms is planned for summer 2013.
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: ww.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.
Andreas Nauen, CEO of REpower Systems SE commented: "We are pleased that we have been able to conclude contracts with Wind Works for a total of eight wind farms in Ontario. The Cold Climate version of the REpower MM92, specifically equipped for use in locations with damp weather conditions and major temperature fluctuations, is very well received by the Canadian market."
"These additional projects show the excellent quality of cooperation between Wind Works and REpower. We are very pleased to be contributing to local job creation and content development in this way", says Helmut Herold, Managing Director of REpower Systems Inc.
"REpower and its parent company are the third largest turbine manufacturer in the world and we are very pleased to be working with them once again," commented Dr. Ingo Stuckmann, Wind Works' President and CEO. "I was involved in ordering seventeen of these same turbines in 2007 and they are performing with over 98% technical availability. They are a proven and clean technology."
With a nominal output of 2 MW each and a hub height of 100 meters, the turbines
are scheduled to be delivered in the spring of 2013 and put into operation in the summer of the same year. Just one month ago, REpower announced plans to deliver 15 turbines for projects run by Wind Works in Ontario.
According to the Canadian Wind Energy Association, each 100 megawatts of new capacity creates 300,000 dollars in annual lease payments for rural landowners as well as 3.5 million dollars in annual operation and maintenance opportunities. The same capacity will also generate 300,000 dollars in tax revenue for municipalities and create about 33 full-time jobs, many in rural areas. All five wind farms have been awarded a feed-in tariff power purchase contract by the Ontario Power Authority. The feed-in tariff program was enabled by the Green Energy and Green Economy Act 2009, which passed into law in May of 2009 and guarantees a certain pricing structure for green energy supply. Installation and commissioning of the wind farms is planned for summer 2013.
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: ww.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.
TGI Solar (TSPG) CEO Corporate Update; August 2011
RED BANK, NEW JERSEY--(Marketwire -08/25/11)- TGI Group (PINK SHEETS: TSPG) CEO Henry Val addresses the current state of company as the management undergoes significant corporate changes, in view of the company's current share price.
Mr. Val stated, "We are proceeding with our asset sales and continue with our core business of alternative energy. The Edgetech endeavor, as previously announced, was always a short term hold for us, and in regards to the sale of Edgetech, the process did take longer than expected due to the buyer's thorough due diligence. We are pleased to report that we expect the definitive agreement to be announced shortly."
"In consideration of the sale of other noncore assets, we are seeking the best way of divesting these assets without infringing on our creditors and shareholders to achieve optimal value for all parties. This plan is well under way. Upon completion of these transactions, the company will fully focus on the renewable energy sector with the possibility of a merger if a legitimate opportunity presents itself. With respect to the Solar Energy concentration of TGI, we continue to pursue our International interests in the Philippines, the high capacity production capability of solar panels in South America, and the combination of Waste to Energy and solar power."
"We are looking forward to, among other things, enhancing the shareholders' value in TGI. This has become our top priority. Contrary to some circulating rumors, our shareholders have been advised that TGI management has no plans of conducting any sort of a stock split, nor is this a topic of any relevance to the company."
"We remain cognizant of the sluggish share price and are currently strategizing on how to restructure and pay down debt, and complete the sale of all non-core assets in pursuit of optimal value for the company and its shareholders. More details on our progress will follow shortly, then incrementally but frequently."
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.
Mr. Val stated, "We are proceeding with our asset sales and continue with our core business of alternative energy. The Edgetech endeavor, as previously announced, was always a short term hold for us, and in regards to the sale of Edgetech, the process did take longer than expected due to the buyer's thorough due diligence. We are pleased to report that we expect the definitive agreement to be announced shortly."
"In consideration of the sale of other noncore assets, we are seeking the best way of divesting these assets without infringing on our creditors and shareholders to achieve optimal value for all parties. This plan is well under way. Upon completion of these transactions, the company will fully focus on the renewable energy sector with the possibility of a merger if a legitimate opportunity presents itself. With respect to the Solar Energy concentration of TGI, we continue to pursue our International interests in the Philippines, the high capacity production capability of solar panels in South America, and the combination of Waste to Energy and solar power."
"We are looking forward to, among other things, enhancing the shareholders' value in TGI. This has become our top priority. Contrary to some circulating rumors, our shareholders have been advised that TGI management has no plans of conducting any sort of a stock split, nor is this a topic of any relevance to the company."
"We remain cognizant of the sluggish share price and are currently strategizing on how to restructure and pay down debt, and complete the sale of all non-core assets in pursuit of optimal value for the company and its shareholders. More details on our progress will follow shortly, then incrementally but frequently."
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.
Paraform Design (ZMGD) Negotiating Exclusive Contract With a Major Auto Parts Provider
HENDERSON, NEVADA--(Marketwire -08/25/11)- Zamage Digital Art Imaging, Inc. (PINK SHEETS: ZMGD) (www.zamagedigitalcorp.com) announces that the management is currently in negotiations with a large auto parts franchise to become that company's exclusive signage provider.
ZMGD Subsidiary Paraform Design is in talks with one of the largest auto parts retail franchises in the US to become franchise's exclusive signage company. This company (Paraform will not disclose the company name at this stage of negotiations) operates some 700 stores and 7,000 service bays over 35 states as well as abroad (Puerto Rico).
Paraform is working to strike an introductory deal with this major auto service provider and to overtake signage design and maintenance of several company stores and service bays.
The CEO of Paraform Design, Ken Olschewske, said "We are trying to establish a closer relationship with this giant who's worth some $2 billion in annual revenues. Same as with our Chick-fil-A contract, we want to establish a relationship by landing about 10 stores at first, and prove the worth of Paraform's quality, service and commitment to the retailer. We expect to finalize this contract within a few weeks. In the meantime, we continue to negotiate with the company's representatives about taking over the whole of their signage needs."
With the current developments within the company, with the new sales force hard at work exploiting their industry contacts, and spreading the awareness about the Paraform advantage, we believe that we can steadily continue increasing our market share in the signage & wayfinding niche.
The company will provide further updates on all developments with Paraform as they become worth sharing.
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.
ZMGD Subsidiary Paraform Design is in talks with one of the largest auto parts retail franchises in the US to become franchise's exclusive signage company. This company (Paraform will not disclose the company name at this stage of negotiations) operates some 700 stores and 7,000 service bays over 35 states as well as abroad (Puerto Rico).
Paraform is working to strike an introductory deal with this major auto service provider and to overtake signage design and maintenance of several company stores and service bays.
The CEO of Paraform Design, Ken Olschewske, said "We are trying to establish a closer relationship with this giant who's worth some $2 billion in annual revenues. Same as with our Chick-fil-A contract, we want to establish a relationship by landing about 10 stores at first, and prove the worth of Paraform's quality, service and commitment to the retailer. We expect to finalize this contract within a few weeks. In the meantime, we continue to negotiate with the company's representatives about taking over the whole of their signage needs."
With the current developments within the company, with the new sales force hard at work exploiting their industry contacts, and spreading the awareness about the Paraform advantage, we believe that we can steadily continue increasing our market share in the signage & wayfinding niche.
The company will provide further updates on all developments with Paraform as they become worth sharing.
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.
Wednesday, August 24, 2011
B GREEN Receives Notice of Allowance of Patent Award for Embedded Recycled Container Sheet
MATAWAN, NJ--(Marketwire -08/24/11)- B Green Innovations, Inc. (OTC.BB: BGNN.OB - News) announced today that it has received notification of a patent allowance award for Embedded Recycled Container Sheet. B Green plans to license the technology or create products from the compressed flat composite recycled bottle sheets so as to retain the visible display of the of deformed identifiable bottles, such as Cutting Boards, Baskets, Kitchen gadgets, Trays, Bins, Cases, Book Binders and Flower Pots.
The invention relates generally to a method of producing composite recycled bottle (also referred to as containers herein) sheets from recycled plastic containers embedded in plastics. This is the fourth B Green Innovations, Inc. patent to be issued.
"The grants of these patents are centrally important to B Green, Inc. not only to preserve its technology but also to leverage offensively in the marketplace," said Mr. Mahoney.
About B Green Innovations:
The B Green Innovations, Inc. ("B Green") "Go Green" mission from its inception is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally friendly products.
Certain information included in this letter to shareholders, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
The invention relates generally to a method of producing composite recycled bottle (also referred to as containers herein) sheets from recycled plastic containers embedded in plastics. This is the fourth B Green Innovations, Inc. patent to be issued.
"The grants of these patents are centrally important to B Green, Inc. not only to preserve its technology but also to leverage offensively in the marketplace," said Mr. Mahoney.
About B Green Innovations:
The B Green Innovations, Inc. ("B Green") "Go Green" mission from its inception is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally friendly products.
Certain information included in this letter to shareholders, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
Paraform Design (ZMGD) Retains Additional Sales Force
HENDERSON, NEVADA--(Marketwire -08/24/11)- Zamage Digital Art Imaging, Inc. (PINK SHEETS: ZMGD) (www.zamagedigitalcorp.com) following the recent business expansions, Paraform Design continues to grow its customer base and has enlisted additional sales representatives to continue the current company trend.
Paraform management retained a group of dynamite sales people with compelling tract records. The new company representatives offer great sales track records, some grossing more than $1 million in sales in their prior positions.
Paraform CEO Ken Olschewske said, "Part of the new sales force are high-profile representatives who bring with them a network of national corporate business contacts that we expect will yield profitable relationships for Paraform. They led sales for large businesses such as a global, EU-based flower company and a large North American manufacturer. We have already been tapping into some of these contacts with great results. We believe that the large industry prospects these new representatives bring to the table will further accelerate our expansion in the realm of signage and way-finding. We see our current market position as running from the pole position, and we aim for a rapid market advancement."
More updates to follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Paraform management retained a group of dynamite sales people with compelling tract records. The new company representatives offer great sales track records, some grossing more than $1 million in sales in their prior positions.
Paraform CEO Ken Olschewske said, "Part of the new sales force are high-profile representatives who bring with them a network of national corporate business contacts that we expect will yield profitable relationships for Paraform. They led sales for large businesses such as a global, EU-based flower company and a large North American manufacturer. We have already been tapping into some of these contacts with great results. We believe that the large industry prospects these new representatives bring to the table will further accelerate our expansion in the realm of signage and way-finding. We see our current market position as running from the pole position, and we aim for a rapid market advancement."
More updates to follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Tuesday, August 23, 2011
Horiyoshi Worldwide, Inc. Anticipates Significant Revenue Growth through Q3 2011
LOS ANGELES, Aug. 23, 2011 /PRNewswire/ - Horiyoshi Worldwide, Inc. (OTCBB:HHWW.ob - News) announces its financial results for the six months ended June 30, 2011. For the six months ended June 30, 2011 the company saw revenues increase from the corresponding six months of June 30, 2010 by 76%. The company focused its efforts in Q2 2011 on further building brand recognition, developing its distribution capabilities and designing innovative new products.
Revenues for the nine months ended September 30, 2011 are projected to increase 29% over the nine months ended September 30, 2010 figures.
Mitsuo Kojima, CEO of Horiyoshi Worldwide, Inc. had this to say about Q2, June 30, 2011, "We continue to remain highly focused on implementing our strategic plan to build Horiyoshi Worldwide into a successful international brand. With our current product line there is a great deal of seasonality in our reported revenues and earnings. As we develop our new product lines this seasonality will fade and we will be in a position to build on every quarter. Our company continues to assemble the infrastructure necessary to create a dynamic platform for growth. We have received a great deal of attention for our design innovation and the quality of our clothing and strongly believe that the goodwill we have created will open doors for our new product lines. Our company also continues to develop a number of new channels to distribute our collections and increase recognition of the Horiyoshi brand. We believe in the coming quarters there will be many new opportunities and we are positioning our company in every way to take advantage of them".
The company plans to implement the following strategic initiatives in the upcoming quarters:
• Development of our new collections aimed at significantly larger markets, which will alleviate the seasonality of our earnings;
• Introduction of our first retail store in London, England dedicated to the distribution of the Horiyoshi collection.
• The roll out of the new Heroes and Demons line aimed at mass market distribution;
• Growth of our new Online Store during Q3 and future quarters;
Raymond Catroppa, CFO of Horiyoshi Worldwide, Inc. added this "The new initiatives the company is executing will deliver value for investors for many years to come. The founders and the management of Horiyoshi Worldwide, Inc. have made a commitment to position our company to build a successful brand, grow the revenue base and attain financial profitability. Our company will continue to make the investments that are necessary to increase shareholder value for the future".
About Horiyoshi Worldwide Inc.
Horiyoshi Worldwide Inc., designs, manufactures, and markets Horiyoshi the Third - a luxury clothing and accessories product line based on the artistry of World renowned Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). The Company is rapidly expanding its distribution platform and its products are being marketed worldwide. The Horiyoshi the Third Collection has been featured in leading fashion publications such as the New York Times, Vogue, Harper's Bazaar, Marie Claire, Stylist Magazine, You Magazine, International Herald Tribune, Tatler Magazine, the Los Angeles Times, Anotherman Magazine, and Style.com.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HHWW's ability to design and manufacture its products, the ability of the products to gain market acceptance, and the difficulties faced by an early stage retail fashion company in the competitive retail fashion industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic and current reports filed from time to time with the Securities and Exchange Commission.
Revenues for the nine months ended September 30, 2011 are projected to increase 29% over the nine months ended September 30, 2010 figures.
Mitsuo Kojima, CEO of Horiyoshi Worldwide, Inc. had this to say about Q2, June 30, 2011, "We continue to remain highly focused on implementing our strategic plan to build Horiyoshi Worldwide into a successful international brand. With our current product line there is a great deal of seasonality in our reported revenues and earnings. As we develop our new product lines this seasonality will fade and we will be in a position to build on every quarter. Our company continues to assemble the infrastructure necessary to create a dynamic platform for growth. We have received a great deal of attention for our design innovation and the quality of our clothing and strongly believe that the goodwill we have created will open doors for our new product lines. Our company also continues to develop a number of new channels to distribute our collections and increase recognition of the Horiyoshi brand. We believe in the coming quarters there will be many new opportunities and we are positioning our company in every way to take advantage of them".
The company plans to implement the following strategic initiatives in the upcoming quarters:
• Development of our new collections aimed at significantly larger markets, which will alleviate the seasonality of our earnings;
• Introduction of our first retail store in London, England dedicated to the distribution of the Horiyoshi collection.
• The roll out of the new Heroes and Demons line aimed at mass market distribution;
• Growth of our new Online Store during Q3 and future quarters;
Raymond Catroppa, CFO of Horiyoshi Worldwide, Inc. added this "The new initiatives the company is executing will deliver value for investors for many years to come. The founders and the management of Horiyoshi Worldwide, Inc. have made a commitment to position our company to build a successful brand, grow the revenue base and attain financial profitability. Our company will continue to make the investments that are necessary to increase shareholder value for the future".
About Horiyoshi Worldwide Inc.
Horiyoshi Worldwide Inc., designs, manufactures, and markets Horiyoshi the Third - a luxury clothing and accessories product line based on the artistry of World renowned Japanese Tattoo Artist, Yoshihito Nakano (Horiyoshi III). The Company is rapidly expanding its distribution platform and its products are being marketed worldwide. The Horiyoshi the Third Collection has been featured in leading fashion publications such as the New York Times, Vogue, Harper's Bazaar, Marie Claire, Stylist Magazine, You Magazine, International Herald Tribune, Tatler Magazine, the Los Angeles Times, Anotherman Magazine, and Style.com.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HHWW's ability to design and manufacture its products, the ability of the products to gain market acceptance, and the difficulties faced by an early stage retail fashion company in the competitive retail fashion industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic and current reports filed from time to time with the Securities and Exchange Commission.
Alta Mining (FOGC): Potential of Company's Canada Expansion
HENDERSON, NEVADA--(Marketwire -08/23/11)- Fortune Oil and Gas, Inc. (PINK SHEETS: FOGC) (http://www.fortuneoilandgascorp.com) subsidiary Alta Mining advises its followers on the potential of the silver claims in BC, Canada, which the company currently pursues.
Company management decided to share some sober numbers wishing to explain a full potential of the silver mining possibilities at the company claims. These numbers may contain non 43-101 compliant technical information and are strictly theoretically structured for informational purposes only, which the company followers should appreciate:
The project area guarantees a lower cost of exploration and production, as it has a very good road infrastructure with good round-the-year accessibility. Further, due to past and present mining activities in the region company has access to conveniently located and experienced labor. On the top off it all, operating mill is conveniently located less than 50 km away from the property. This fact significantly lowers operational costs, not burning FOGC's finances on logistics necessary to conduct its mining projects, making company's operations cheaper and faster.
The reported showings of silver in the area of the Alta Mining claim in BC, Canada, show up to 80 ounces of silver per metric ton. Company based the following calculation on a sober and a very rough estimate of producing only 5 ounces of silver per metric ton.
The property location and the nearby mill offer the opportunity to process couple hundred metric tons of silver ore per day. Estimate of 5oz/ton (history shows that the Slocan area has high grade ore bodies giving far more than 5oz/ton) would set the daily silver production at about 1,000 oz/day at minimum. With the current price of silver, this property has a very feasible potential to comfortably produce $50,000/day in revenues. The convenience of the location would allow Alta Mining to extend seasonal mining operations and produce silver at the location for about 200 days/year, allowing the company to produce some $10 million in total annual revenues. Calculations are based on production predictions totalling around 200 tons of ore daily. Along the main production of silver, mines also produce zinc and lead as a secondary product. The revenues from production of these secondary metals are usually sufficient to cover the whole of silver mining production expenses.
The company advises that these are just rough estimates based on the location's historical productions, and not on the actual property surveys that are yet to be executed, however, the management believes that geological and structural features of the previously explored areas seemed to indicate that the mineralized zones could be much more extensive over already known silver bearing systems. The company plans to continue to work on gaining a prominent position in the area and provide benefits for their shareholders.
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.
Company management decided to share some sober numbers wishing to explain a full potential of the silver mining possibilities at the company claims. These numbers may contain non 43-101 compliant technical information and are strictly theoretically structured for informational purposes only, which the company followers should appreciate:
The project area guarantees a lower cost of exploration and production, as it has a very good road infrastructure with good round-the-year accessibility. Further, due to past and present mining activities in the region company has access to conveniently located and experienced labor. On the top off it all, operating mill is conveniently located less than 50 km away from the property. This fact significantly lowers operational costs, not burning FOGC's finances on logistics necessary to conduct its mining projects, making company's operations cheaper and faster.
The reported showings of silver in the area of the Alta Mining claim in BC, Canada, show up to 80 ounces of silver per metric ton. Company based the following calculation on a sober and a very rough estimate of producing only 5 ounces of silver per metric ton.
The property location and the nearby mill offer the opportunity to process couple hundred metric tons of silver ore per day. Estimate of 5oz/ton (history shows that the Slocan area has high grade ore bodies giving far more than 5oz/ton) would set the daily silver production at about 1,000 oz/day at minimum. With the current price of silver, this property has a very feasible potential to comfortably produce $50,000/day in revenues. The convenience of the location would allow Alta Mining to extend seasonal mining operations and produce silver at the location for about 200 days/year, allowing the company to produce some $10 million in total annual revenues. Calculations are based on production predictions totalling around 200 tons of ore daily. Along the main production of silver, mines also produce zinc and lead as a secondary product. The revenues from production of these secondary metals are usually sufficient to cover the whole of silver mining production expenses.
The company advises that these are just rough estimates based on the location's historical productions, and not on the actual property surveys that are yet to be executed, however, the management believes that geological and structural features of the previously explored areas seemed to indicate that the mineralized zones could be much more extensive over already known silver bearing systems. The company plans to continue to work on gaining a prominent position in the area and provide benefits for their shareholders.
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.
Monday, August 22, 2011
Airprotek International, Inc. (APKN) Introduces Starbase Operations
HENDERSON, Nev., Aug. 19, 2011 /PRNewswire/ -- Airprotek International, Inc. (PINKSHEETS:APKN.pk - News) (www.airprotekcorp.com) and Starbase Global Logistics (http://www.starbaseglobal.com) delivered information about Starbase logistics operations.
Starbase focuses on supplying the North American market with hubs in Memphis, Charleston and Wilmington (North Carolina). Company's affiliation in Montreal and Toronto serve Starbase as gateways to the north central United States, a market of 79 million people. Canada passage allows Starbase to deliver to main markets of Pittsburgh, Detroit, Chicago, Boston, Philadelphia, New York, Washington, Cincinnati and Indianapolis in less than a day. Company will continue to use these undervalued logistic hubs to expand on the US market.
Company offers air, ocean, ground and warehousing services to its customers. Charleston, Memphis and Wilmington hubs offer diverse warehousing facility options to fit customers' needs.
Company's future plans are to focus on being facilitators of logistics management and services rather than delivery services company. This approach offers larger business stability and steady long-term growth. Starbase places value on growing its presence across logistics hubs, while using 3rd parties for delivery.
Company will provide further details promptly and on a timely basis.
Safe Harbor Statement:
Information in this news release may contain statements about future expectations, plans, prospects or performance of Airprotek International, 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. Airprotek International, Inc. cautions you that any forward-looking information provided by or on behalf of Airprotek International, 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. Airprotek International, 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 Airprotek International, Inc.'s control. In addition to those discussed in Airprotek International, Inc.'s press releases, public filings, and statements by Airprotek International, Inc.'s management, including, but not limited to, Airprotek International, Inc.'s estimate of the sufficiency of its existing capital resources, Airprotek International, Inc.'s ability to raise additional capital to fund future operations, Airprotek International, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Airprotek International, 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. Airprotek International, 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.
Starbase focuses on supplying the North American market with hubs in Memphis, Charleston and Wilmington (North Carolina). Company's affiliation in Montreal and Toronto serve Starbase as gateways to the north central United States, a market of 79 million people. Canada passage allows Starbase to deliver to main markets of Pittsburgh, Detroit, Chicago, Boston, Philadelphia, New York, Washington, Cincinnati and Indianapolis in less than a day. Company will continue to use these undervalued logistic hubs to expand on the US market.
Company offers air, ocean, ground and warehousing services to its customers. Charleston, Memphis and Wilmington hubs offer diverse warehousing facility options to fit customers' needs.
Company's future plans are to focus on being facilitators of logistics management and services rather than delivery services company. This approach offers larger business stability and steady long-term growth. Starbase places value on growing its presence across logistics hubs, while using 3rd parties for delivery.
Company will provide further details promptly and on a timely basis.
Safe Harbor Statement:
Information in this news release may contain statements about future expectations, plans, prospects or performance of Airprotek International, 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. Airprotek International, Inc. cautions you that any forward-looking information provided by or on behalf of Airprotek International, 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. Airprotek International, 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 Airprotek International, Inc.'s control. In addition to those discussed in Airprotek International, Inc.'s press releases, public filings, and statements by Airprotek International, Inc.'s management, including, but not limited to, Airprotek International, Inc.'s estimate of the sufficiency of its existing capital resources, Airprotek International, Inc.'s ability to raise additional capital to fund future operations, Airprotek International, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Airprotek International, 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. Airprotek International, 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.
B Green Signs Agreement With Telebrands 'As Seen on TV' to Market and License VibeAway(R)
A.J. Khubani, CEO of Telebrands Corp., Commented: "Given the Successful Track Record of the VibeAway(R) Product, and How Well It Responds to TV, Impulse, and Retail Display, We Are Confident About the Program Going Well Into the Test. Our Interests Are to Make the VibeAway(R) Product One of Our Multi-Million Unit Sellers"
MATAWAN, NJ--(Marketwire -08/19/11)- B GREEN INNOVATIONS, Inc. (OTC.BB: BGNN.OB - News) announced today that it has signed an agreement with Telebrands "As Seen on TV" to market and license its VibeAway® product.
"Telebrands As Seen on TV," established in 1983, is a full service marketing corporation complete with its own creative staff to create infomercials that often lead to widespread retail distribution in chain drug stores, mass merchandise, and specialty stores. Examples of retailers that carry Telebrands products include Wal-Mart Stores, Target Stores, Walgreen, CVS, and Bed Bath and Beyond. Today, the company markets some of the country's top direct response television products -- including the PedEgg, GoDuster, PediPaws, and others -- and includes the Telebrands Invention Channel, which can be seen on television, the Internet and retail shelves, as well as catalogs and print advertisements in more than 40 countries around the world. Telebrands has the ability to move millions of units through its proven combination of television and retail promotions.
"We believe that the VibeAway® product is appealing to Telebrands because it has been proven to appeal to consumers," said Jerry Mahoney, CEO of B Green. "We entered into this agreement because we believe that the consumer appeal of the VibeAway® and Telebrands' ability to promote products is truly a winning combination."
Telebrands is currently testing a variety of creative approaches to structure the correct sales message. If a successful test is executed by Telebrands, the VibeAway® product could begin a mass advertising campaign late in 2011.
www.telebrands.com
About B Green Innovations:
The B Green Innovations, Inc. ("B Green") "Go Green" mission from its inception is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally friendly products.
Certain information included in this letter to shareholders, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
http://www.bgreeninnovations.com/
MATAWAN, NJ--(Marketwire -08/19/11)- B GREEN INNOVATIONS, Inc. (OTC.BB: BGNN.OB - News) announced today that it has signed an agreement with Telebrands "As Seen on TV" to market and license its VibeAway® product.
"Telebrands As Seen on TV," established in 1983, is a full service marketing corporation complete with its own creative staff to create infomercials that often lead to widespread retail distribution in chain drug stores, mass merchandise, and specialty stores. Examples of retailers that carry Telebrands products include Wal-Mart Stores, Target Stores, Walgreen, CVS, and Bed Bath and Beyond. Today, the company markets some of the country's top direct response television products -- including the PedEgg, GoDuster, PediPaws, and others -- and includes the Telebrands Invention Channel, which can be seen on television, the Internet and retail shelves, as well as catalogs and print advertisements in more than 40 countries around the world. Telebrands has the ability to move millions of units through its proven combination of television and retail promotions.
"We believe that the VibeAway® product is appealing to Telebrands because it has been proven to appeal to consumers," said Jerry Mahoney, CEO of B Green. "We entered into this agreement because we believe that the consumer appeal of the VibeAway® and Telebrands' ability to promote products is truly a winning combination."
Telebrands is currently testing a variety of creative approaches to structure the correct sales message. If a successful test is executed by Telebrands, the VibeAway® product could begin a mass advertising campaign late in 2011.
www.telebrands.com
About B Green Innovations:
The B Green Innovations, Inc. ("B Green") "Go Green" mission from its inception is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally friendly products.
Certain information included in this letter to shareholders, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
http://www.bgreeninnovations.com/
GRNO's Wholly Owned Subsidiary Custom Carbon Processing Inc. Makes Deal to Clean Dormant Disposal Pit in Northern Montana
New Service to Generate Additional Revenue
EDMONTON, AB--(Marketwire -08/19/11)- Green Oasis Environmental Inc. (Pinksheets: GRNO.PK - News), a Florida corporation, is pleased to announce its wholly owned subsidiary, Custom Carbon Processing Inc. (CCP) is currently planning an extension of its services in Montana to include the cleaning of a dormant salt water disposal pit located in northern Montana.
At one time pits of this nature were more prevalent in the area and were the standard way to dispose of produced water and slop oil. With today's methods of injection wells and oil recycling facilities, we are pleased to be part of the cleanup. These dormant sites have been an eyesore for the State for some time. Cleaning up this site and others and recycling the recovered oil will not only be a benefit to the State and the Environment, but will also benefit CCP as they expect to recover a favorable amount of oil. CCP wishes to undertake more of these types of projects in the future.
"We have worked on a couple of similar projects in Wyoming and have seen great success in the area of oil recovery. It is great to be able to tackle a project like this as it provides a clearer representation of the kind of abilities we bring to the table, and how we can help our environment; all while doing 'green' business," stated Peter Margiotta -- President and CEO of Green Oasis.
Green Oasis -- "Green today for a stronger tomorrow"
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring and providing access to world class technologies available today and has chosen to focus its efforts on seeking acquisitions of technology and/or operations concerning the remediation of slop oil, waste engine oil, and tank bottom oils. GRNO has every intention of becoming the single best option for reclaiming oil to pipeline specification from these waste products. Through the Company's state of the art technology, GRNO will be able to process these waste products at one of its facilities or at a customer's site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that CCP has developed, CCP is able to process slop oil (unrefined, non saleable oil) into pipeline standard crude. Its first facility has proven its capabilities to process up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, CCP sells the processed slop oil to Shell Trading (US) Company (www.shell.us). Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP has enjoyed recent expansion by opening a second facility in Montana, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America.
For more information on Green Oasis Environmental, Inc. or Custom Carbon Processing Inc., please visit www.greenoasisenvironmental.com or contact Investor Relations at (877) 207-3370.
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
EDMONTON, AB--(Marketwire -08/19/11)- Green Oasis Environmental Inc. (Pinksheets: GRNO.PK - News), a Florida corporation, is pleased to announce its wholly owned subsidiary, Custom Carbon Processing Inc. (CCP) is currently planning an extension of its services in Montana to include the cleaning of a dormant salt water disposal pit located in northern Montana.
At one time pits of this nature were more prevalent in the area and were the standard way to dispose of produced water and slop oil. With today's methods of injection wells and oil recycling facilities, we are pleased to be part of the cleanup. These dormant sites have been an eyesore for the State for some time. Cleaning up this site and others and recycling the recovered oil will not only be a benefit to the State and the Environment, but will also benefit CCP as they expect to recover a favorable amount of oil. CCP wishes to undertake more of these types of projects in the future.
"We have worked on a couple of similar projects in Wyoming and have seen great success in the area of oil recovery. It is great to be able to tackle a project like this as it provides a clearer representation of the kind of abilities we bring to the table, and how we can help our environment; all while doing 'green' business," stated Peter Margiotta -- President and CEO of Green Oasis.
Green Oasis -- "Green today for a stronger tomorrow"
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring and providing access to world class technologies available today and has chosen to focus its efforts on seeking acquisitions of technology and/or operations concerning the remediation of slop oil, waste engine oil, and tank bottom oils. GRNO has every intention of becoming the single best option for reclaiming oil to pipeline specification from these waste products. Through the Company's state of the art technology, GRNO will be able to process these waste products at one of its facilities or at a customer's site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that CCP has developed, CCP is able to process slop oil (unrefined, non saleable oil) into pipeline standard crude. Its first facility has proven its capabilities to process up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, CCP sells the processed slop oil to Shell Trading (US) Company (www.shell.us). Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP has enjoyed recent expansion by opening a second facility in Montana, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America.
For more information on Green Oasis Environmental, Inc. or Custom Carbon Processing Inc., please visit www.greenoasisenvironmental.com or contact Investor Relations at (877) 207-3370.
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Thursday, August 18, 2011
Juhl Wind, Inc. Reports Continued Strong Results for its Second Quarter Ended June 30, 2011
Juhl Wraps Up the First Six Months of 2011 with Historic Revenue and Cash Flow
WOODSTOCK, Minn., Aug. 16, 2011 /PRNewswire/ -- Juhl Wind Inc. (OTCBB:JUHL.ob - News), the Leader in Community Wind Power, today announced its results for the second quarter of 2011 – wrapping up the first six months of 2011 with over $7.5 million in revenue and its first positive operating income for the first half of any given operating year since becoming a public company. Juhl Wind also reported continued growth in its cash position due to development fees, ending the first six months of 2011 with over $5 million in cash.
"We are obviously, very pleased to file our 10Q for the second quarter of 2011 where we continued to build upon our success from the first quarter, again delivering strong financial results," stated Dan Juhl, Chairman and CEO of Juhl Wind Inc. "As we have been reporting to the market, the first half of this year saw us wrapping up construction on key wind farms as well as pulling together the permanent, take-out financing on others. These efforts produced over $7.5 million in revenue for the six months and brought in a net $3.6 million in cash within the six months followed by another $1.25 million in August. As a result, today we ended the quarter with over $5 million in cash on our balance sheet. All in all, we are very proud of those results."
"We believe that our financial performance in the first half of 2011 continues to underscore just how much our team has accomplished in the past couple of years, with the successful ongoing development and construction of seven wind farm projects," added John Mitola, President of Juhl Wind Inc. "With over $5.7 million in cash on our balance sheet as of today's press release, we know we enjoy one of the most solid balance sheets in the wind industry amongst independent developers, owners and operators. This cash puts us in a position of strength to implement the growth initiatives we laid out in our first quarter outlook conference call."
"We plan to use our balance sheet strength to push forward on new wind farm projects along with those already in our pipeline," continued Mitola. "While we have seen the value of our development business in the first half of this year, we also plan to continue to build our residual, steady revenue generating businesses through additional acquisitions of existing wind farms, like Woodstock Hills, growing our wind farm operations and maintenance business and growing our consulting services operation. We have shown results in this area already with our acquisition of the existing Woodstock Hills, 10MW wind farm and with our planned acquisition of a medium sized, engineering consulting business. We plan to pursue important steps within these areas through the remainder of 2011."
Results for the six-month period ended June 30, 2011:
* Revenue for the first six months of 2011 was $7,678,000 compared to $2,303,000 for 2010, or an increase of $5,375,000, or 233%. Revenue for the second quarter 2011 was $1,087,000 compared to $668,000 in the second quarter of 2010, or an increase of 63%. The increase in revenue over the six months ended June 30, 2011 is primarily attributable to approximately $4.9 million of wind farm development fee revenue from three wind farm projects that completed financing arrangements during 2011 and approximately $98,000 in revenue from the recently acquired Woodstock Hills wind farm.
* Our Operating Income of approximately $3,774,000 for the six months ended June 30, 2011 is primarily attributable to the increased wind farm development fee revenue which provides high margin of profitability upon revenue recognition. Our operating loss for the second quarter increased by approximately $156,000, or 18.4%, from an operating loss of approximately $849,000 for the quarter ended June 30, 2010 to operating loss of approximately $1,005,000 for the quarter ended June 30, 2011. The increase in operating loss resulted from the increases in investor relations expenses to heighten exposure of Juhl Wind's stock, growth in payroll and employee benefit costs, and operating results associated with the take-over of the Woodstock wind farm during its lower wind production months.
* Our Net Income of $2,160,000 for the six months ended June 30, 2011 represents a $3,544,000 improvement in the bottom-line from the comparative quarter a year ago. The increase in net income over the six-month period is largely attributable to the increased revenue sources noted under revenue and operating income sections above. The net loss of $642,000 in the three months ended June 30, 2011 as compared to our net income of $2,801,000 for the three months ended March 31, 2011 is indicative of the inconsistent revenue patterns of our wind farm development services business as revenue recognition is significantly impacted by the timing of the completion and financing of wind farm projects.
* Basic and fully diluted earnings per share of $0.09 income per common share for the six months ended June 30, 2011 compares to the $0.07 loss per common share for the comparative six months ended in 2010.
* As of June 30, 2011, the Company reported it held approximately $5.3 million in the form of cash and short term investments, which includes approximately $421,000 in balances that are restricted by a debt covenant. The cash balances do not include the $1.25 million in cash received from the closing of the sale of our development work performed to-date and development rights of a Nebraska project.
Juhl Wind management will be hosting a teleconference and web cast on Thursday, August 18th, 2011 at 4:30 pm ET to discuss the Company's second quarter 2011 financial results, project updates and corporate outlook.
Time: 4:30 p.m. Eastern Time
Date: Thursday, August 18th, 2011
Investor Dial-in (Toll Free): (877) 407-9210
Investor Dial-In (International): (201) 689-8049
Live Web Cast: http://www.investorcalendar.com/IC/CEPage.asp?ID=165626
A full analysis of results for the period ended June 30, 2011 is available in the Company's Form 10-Q, which is available on the Company's website at www.juhlwind.com.
WOODSTOCK, Minn., Aug. 16, 2011 /PRNewswire/ -- Juhl Wind Inc. (OTCBB:JUHL.ob - News), the Leader in Community Wind Power, today announced its results for the second quarter of 2011 – wrapping up the first six months of 2011 with over $7.5 million in revenue and its first positive operating income for the first half of any given operating year since becoming a public company. Juhl Wind also reported continued growth in its cash position due to development fees, ending the first six months of 2011 with over $5 million in cash.
"We are obviously, very pleased to file our 10Q for the second quarter of 2011 where we continued to build upon our success from the first quarter, again delivering strong financial results," stated Dan Juhl, Chairman and CEO of Juhl Wind Inc. "As we have been reporting to the market, the first half of this year saw us wrapping up construction on key wind farms as well as pulling together the permanent, take-out financing on others. These efforts produced over $7.5 million in revenue for the six months and brought in a net $3.6 million in cash within the six months followed by another $1.25 million in August. As a result, today we ended the quarter with over $5 million in cash on our balance sheet. All in all, we are very proud of those results."
"We believe that our financial performance in the first half of 2011 continues to underscore just how much our team has accomplished in the past couple of years, with the successful ongoing development and construction of seven wind farm projects," added John Mitola, President of Juhl Wind Inc. "With over $5.7 million in cash on our balance sheet as of today's press release, we know we enjoy one of the most solid balance sheets in the wind industry amongst independent developers, owners and operators. This cash puts us in a position of strength to implement the growth initiatives we laid out in our first quarter outlook conference call."
"We plan to use our balance sheet strength to push forward on new wind farm projects along with those already in our pipeline," continued Mitola. "While we have seen the value of our development business in the first half of this year, we also plan to continue to build our residual, steady revenue generating businesses through additional acquisitions of existing wind farms, like Woodstock Hills, growing our wind farm operations and maintenance business and growing our consulting services operation. We have shown results in this area already with our acquisition of the existing Woodstock Hills, 10MW wind farm and with our planned acquisition of a medium sized, engineering consulting business. We plan to pursue important steps within these areas through the remainder of 2011."
Results for the six-month period ended June 30, 2011:
* Revenue for the first six months of 2011 was $7,678,000 compared to $2,303,000 for 2010, or an increase of $5,375,000, or 233%. Revenue for the second quarter 2011 was $1,087,000 compared to $668,000 in the second quarter of 2010, or an increase of 63%. The increase in revenue over the six months ended June 30, 2011 is primarily attributable to approximately $4.9 million of wind farm development fee revenue from three wind farm projects that completed financing arrangements during 2011 and approximately $98,000 in revenue from the recently acquired Woodstock Hills wind farm.
* Our Operating Income of approximately $3,774,000 for the six months ended June 30, 2011 is primarily attributable to the increased wind farm development fee revenue which provides high margin of profitability upon revenue recognition. Our operating loss for the second quarter increased by approximately $156,000, or 18.4%, from an operating loss of approximately $849,000 for the quarter ended June 30, 2010 to operating loss of approximately $1,005,000 for the quarter ended June 30, 2011. The increase in operating loss resulted from the increases in investor relations expenses to heighten exposure of Juhl Wind's stock, growth in payroll and employee benefit costs, and operating results associated with the take-over of the Woodstock wind farm during its lower wind production months.
* Our Net Income of $2,160,000 for the six months ended June 30, 2011 represents a $3,544,000 improvement in the bottom-line from the comparative quarter a year ago. The increase in net income over the six-month period is largely attributable to the increased revenue sources noted under revenue and operating income sections above. The net loss of $642,000 in the three months ended June 30, 2011 as compared to our net income of $2,801,000 for the three months ended March 31, 2011 is indicative of the inconsistent revenue patterns of our wind farm development services business as revenue recognition is significantly impacted by the timing of the completion and financing of wind farm projects.
* Basic and fully diluted earnings per share of $0.09 income per common share for the six months ended June 30, 2011 compares to the $0.07 loss per common share for the comparative six months ended in 2010.
* As of June 30, 2011, the Company reported it held approximately $5.3 million in the form of cash and short term investments, which includes approximately $421,000 in balances that are restricted by a debt covenant. The cash balances do not include the $1.25 million in cash received from the closing of the sale of our development work performed to-date and development rights of a Nebraska project.
Juhl Wind management will be hosting a teleconference and web cast on Thursday, August 18th, 2011 at 4:30 pm ET to discuss the Company's second quarter 2011 financial results, project updates and corporate outlook.
Time: 4:30 p.m. Eastern Time
Date: Thursday, August 18th, 2011
Investor Dial-in (Toll Free): (877) 407-9210
Investor Dial-In (International): (201) 689-8049
Live Web Cast: http://www.investorcalendar.com/IC/CEPage.asp?ID=165626
A full analysis of results for the period ended June 30, 2011 is available in the Company's Form 10-Q, which is available on the Company's website at www.juhlwind.com.
Wednesday, August 17, 2011
Airprotek International, Inc. (APKN) CEO Message and Update
HENDERSON, NEVADA--(Marketwire -08/16/11)- Airprotek International, Inc. (PINK SHEETS: APKN) (www.airprotekcorp.com) incoming CEO and current CEO of Starbase Global Logistics (http://www.starbaseglobal.com) Tom Drew delivers a message to the APKN investors.
Mr. Drew said "We expect to close this merger within few weeks but we do not want to put down any exact dates at this point as several administrative hurdles need to be addressed. However, from Starbase point of view, this is a done deal. Airprotek management is also very forthcoming, so we don't see any deal breakers at this point.
"Airprotek management is also resolute and moving forward. Among other things, the company website has been updated with Starbase information. (http://www.airprotekcorp.com/)
"We like to see the resolve of APKN management, and we look forward to becoming APKN subsidiary and start updating APKN's shareholder base on company developments. We offer revenues in about $2 million range and, as the global economies slowly regain traction, we expect Starbase to continue to grow in the US and globally. Our growth will be fostered by using undervalued logistics channels and streamlining shipping into the US.
"Starbase offers Airprotek a solid opportunity to enter Logistics industry, and Starbase offers a highly competitive advantage in this industry and sizable operations and revenues.
More details on merger and company news will be released shortly and frequently.
About Starbase Global Logistics
Starbase is an experienced, Federal Maritime Commission (FMC) authorized logistics provider. Company is a Licensed Customs Broker specializing in Air, Ocean, and Ground Transportation, Customs Clearance and Warehouse Management. Starbase operates globally (Europe, Asia, Australia, South America) but with focus on supplying the North American market with hubs in Memphis, Charleston and Wilmington.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Airprotek International, 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. Airprotek International, Inc. cautions you that any forward-looking information provided by or on behalf of Airprotek International, 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. Airprotek International, 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 Airprotek International, Inc.'s control. In addition to those discussed in Airprotek International, Inc.'s press releases, public filings, and statements by Airprotek International, Inc.'s management, including, but not limited to, Airprotek International, Inc.'s estimate of the sufficiency of its existing capital resources, Airprotek International, Inc.'s ability to raise additional capital to fund future operations, Airprotek International, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Airprotek International, 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. Airprotek International, 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.
Mr. Drew said "We expect to close this merger within few weeks but we do not want to put down any exact dates at this point as several administrative hurdles need to be addressed. However, from Starbase point of view, this is a done deal. Airprotek management is also very forthcoming, so we don't see any deal breakers at this point.
"Airprotek management is also resolute and moving forward. Among other things, the company website has been updated with Starbase information. (http://www.airprotekcorp.com/)
"We like to see the resolve of APKN management, and we look forward to becoming APKN subsidiary and start updating APKN's shareholder base on company developments. We offer revenues in about $2 million range and, as the global economies slowly regain traction, we expect Starbase to continue to grow in the US and globally. Our growth will be fostered by using undervalued logistics channels and streamlining shipping into the US.
"Starbase offers Airprotek a solid opportunity to enter Logistics industry, and Starbase offers a highly competitive advantage in this industry and sizable operations and revenues.
More details on merger and company news will be released shortly and frequently.
About Starbase Global Logistics
Starbase is an experienced, Federal Maritime Commission (FMC) authorized logistics provider. Company is a Licensed Customs Broker specializing in Air, Ocean, and Ground Transportation, Customs Clearance and Warehouse Management. Starbase operates globally (Europe, Asia, Australia, South America) but with focus on supplying the North American market with hubs in Memphis, Charleston and Wilmington.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Airprotek International, 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. Airprotek International, Inc. cautions you that any forward-looking information provided by or on behalf of Airprotek International, 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. Airprotek International, 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 Airprotek International, Inc.'s control. In addition to those discussed in Airprotek International, Inc.'s press releases, public filings, and statements by Airprotek International, Inc.'s management, including, but not limited to, Airprotek International, Inc.'s estimate of the sufficiency of its existing capital resources, Airprotek International, Inc.'s ability to raise additional capital to fund future operations, Airprotek International, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Airprotek International, 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. Airprotek International, 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.
Alta Mining (FOGC): Canada Exploration Underway
HENDERSON, Nev., Aug. 17, 2011 /PRNewswire/ -- Fortune Oil and Gas, Inc. (PINK SHEETS:FOGC.pk - News) (http://www.fortuneoilandgascorp.com) subsidiary Alta Mining announced the 2011 exploration program on the SGH property, Slocan, BC; Canada.
Following the initial research into historical exploration, the current phase of exploration will cover mineralized zones that are a host to significant silver mineralization systems, noted in previous exploration work.
The company will undertake a field program that may include (but is not limited to) mapping, prospecting, soil sampling, and follow-up trenching and rock chip sampling.
The initial focus of the geological and prospecting programs will be to reconfirm historically outlined findings on the property, and make the findings compliant with the National Instrument 43-101. Expectations are that additional survey targets will develop through ground work. The following phase of exploration would include further work on the additional survey targets.
Company management is very optimistic that this exploration phase will confirm predictions of silver bearing mineralization, which will call for new extensive exploration program to further reveal the potential of company's property.
Company is fully capitalized to complete the work. All assay results and other relevant information will be published on company website as it is received and verified.
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.
Following the initial research into historical exploration, the current phase of exploration will cover mineralized zones that are a host to significant silver mineralization systems, noted in previous exploration work.
The company will undertake a field program that may include (but is not limited to) mapping, prospecting, soil sampling, and follow-up trenching and rock chip sampling.
The initial focus of the geological and prospecting programs will be to reconfirm historically outlined findings on the property, and make the findings compliant with the National Instrument 43-101. Expectations are that additional survey targets will develop through ground work. The following phase of exploration would include further work on the additional survey targets.
Company management is very optimistic that this exploration phase will confirm predictions of silver bearing mineralization, which will call for new extensive exploration program to further reveal the potential of company's property.
Company is fully capitalized to complete the work. All assay results and other relevant information will be published on company website as it is received and verified.
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.
Paraform Design (ZMGD) Announced Major Franchise Contract
HENDERSON, Nev., Aug. 17, 2011 /PRNewswire/ -- Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD.pk - News) (www.zamagedigitalcorp.com) Paraform Design has been hired by Chick-Fil-A.
The country's second largest quick-service chicken restaurant chain will use Paraform services to handle signage/sign maintenance at several franchise locations in New Jersey.
Paraform Design expects this relationship to expand, seeking opportunity with this franchise and the franchise's locations in Pennsylvania (Pennsylvania currently has 57 locations).
The franchise operates more than 1,500 locations across thirty-nine states.
This type of client helps to broaden corporate retail penetration for Paraform Design. Company anticipates the relationship with this franchise to continue to prosper and bring new opportunities.
More updates to follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
The country's second largest quick-service chicken restaurant chain will use Paraform services to handle signage/sign maintenance at several franchise locations in New Jersey.
Paraform Design expects this relationship to expand, seeking opportunity with this franchise and the franchise's locations in Pennsylvania (Pennsylvania currently has 57 locations).
The franchise operates more than 1,500 locations across thirty-nine states.
This type of client helps to broaden corporate retail penetration for Paraform Design. Company anticipates the relationship with this franchise to continue to prosper and bring new opportunities.
More updates to follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Tuesday, August 16, 2011
Successful Internal R & D Program at Xinde Technology Spurs Growth of Its 'R Series' Diesel Engine
WEIFANG, China, Aug. 16, 2011 /PRNewswire-Asia/ -- Xinde Technology Company (OTCBB:WTFS.ob - News), a widely respected China based designer and manufacturer of internal combustion engines and parts, primarily for the $100 billion diesel engine and parts market in China, today reported that a series of internally developed technical advances in the "R series" diesel engines manufactured by its Jinma Diesel Engine subsidiary have boosted sales of these products 30% year over year through the first half of 2011 and permitted the average sales price of the products to grow in the same period by more than 10%.
Mr. Dianjun Liu, President and Chief Executive Officer of Xinde stated, "Technology is at the heart of our success, and the 'R series' engines are a prime example."
More specifically, Mr. Liu explained that as a consequence of focused research and development activity, it has been able to expand the range of the "R series" from engines that originally were solely utilized for tractors and agricultural equipment to a range of other products, including engineering, road building and road milling machines.
Additionally, the "R series" incorporates electronically-controlled fuel technology for increased energy savings, and new technology for secondary treatment and utilization of off-gas, which increases kinetic energy and reduces emissions. Further, the dynamic performance of the products are 12% higher than the national average.
"Advances developed by our investment in research and development and incorporated in this product line," said Mr. Liu, "have expanded our markets and built our market shares, providing our overall enterprise with considerable economic benefits."
About Xinde Technology Company
Based in China's Shandong Province in the city of Weifang, Xinde Technology Company, with fiscal 2010 revenues of $123 million, competes in three primary product segments, namely (1) fuel injection system products, (2) diesel engine products and (3) generator products. The Company has a broad range of products including non-vehicle diesel engines, diesel generators, injection pumps, injectors and three-coupling components, agricultural machinery and construction machinery which greatly reduces its comprehensive costs which, in turn, increases its competitiveness. The Company's focus is on the domestic market in China, where its customers include several of China's largest companies in the country's most rapidly growing industries. As a consequence, the Company's production volume has been growing approximately 30% annually.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, financing and other factors as discussed in the Company's reports filed with the Securities and Exchange Commission from time to time, In addition, the Company disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this new release. This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements. The Company filings with the US Securities and Exchange Commission, including the quarterly report for the three months ended March 31, 2011 on Form 10-Q, can be viewed on EDGAR Online or www.sec.gov.
Mr. Dianjun Liu, President and Chief Executive Officer of Xinde stated, "Technology is at the heart of our success, and the 'R series' engines are a prime example."
More specifically, Mr. Liu explained that as a consequence of focused research and development activity, it has been able to expand the range of the "R series" from engines that originally were solely utilized for tractors and agricultural equipment to a range of other products, including engineering, road building and road milling machines.
Additionally, the "R series" incorporates electronically-controlled fuel technology for increased energy savings, and new technology for secondary treatment and utilization of off-gas, which increases kinetic energy and reduces emissions. Further, the dynamic performance of the products are 12% higher than the national average.
"Advances developed by our investment in research and development and incorporated in this product line," said Mr. Liu, "have expanded our markets and built our market shares, providing our overall enterprise with considerable economic benefits."
About Xinde Technology Company
Based in China's Shandong Province in the city of Weifang, Xinde Technology Company, with fiscal 2010 revenues of $123 million, competes in three primary product segments, namely (1) fuel injection system products, (2) diesel engine products and (3) generator products. The Company has a broad range of products including non-vehicle diesel engines, diesel generators, injection pumps, injectors and three-coupling components, agricultural machinery and construction machinery which greatly reduces its comprehensive costs which, in turn, increases its competitiveness. The Company's focus is on the domestic market in China, where its customers include several of China's largest companies in the country's most rapidly growing industries. As a consequence, the Company's production volume has been growing approximately 30% annually.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, financing and other factors as discussed in the Company's reports filed with the Securities and Exchange Commission from time to time, In addition, the Company disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this new release. This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements. The Company filings with the US Securities and Exchange Commission, including the quarterly report for the three months ended March 31, 2011 on Form 10-Q, can be viewed on EDGAR Online or www.sec.gov.
PTS, Inc. (PTSH) Addressed Pressing Merger Enquiries
LONDON, Aug. 16, 2011 /PRNewswire/ -- PTS, Inc. (PINK SHEETS:PTSH.pk - News) (www.ptspi.com) is pleased to announce that the merger negotiations with Navistar Logistics (UK) Ltd. (http://www.navistar.co.uk/) progress fast and on schedule.
Due to its International business and agency network, there appears to be a strong interest from Navistar's global contacts. In the company's opinion this could benefit PTSH and Navistar alike.
Incoming CEO John O'Brien delivered following updates on PTSH/Navistar's future, immediate and long-term plans.
Navistar takes no-nonsense position with all of Navistar business, and the management presses on to finalize the merger and deliver results to PTSH shareholders. The company expects to close the merger within next few weeks – aiming at 10 working days deadline.
Following the merger, company plans to elevate PTSH back to OTCBB market or higher, as the company revenues in excess of $10 million USD and accolades are what can be called of "reporting value". This long-term plan should be finalized within 3 to 9 months. The search for a PCBOA auditor http://en.wikipedia.org/wiki/Public_Company_Accounting_Oversight_Board is well under way.
PTSH corporate web site www.ptspi.com has been updated with Navistar information. Additional information about Navistar, its management and operations can be found by visiting http://www.businessrevieweurope.eu/magazines/3325.
Company reports indicate there are many strong business negotiations ongoing, and expects to update shareholders following the merger announcement.
PTSH is in a process of setting up an IR department to handle shareholder enquiries.
The management will provide more details shortly and frequently.
About Navistar Logistics:
Navistar has been established in the UK for over 10 years with a wealth of experience and knowledge in all logistics disciplines, and are members of the British International Freight Association (BIFA), RHA and the Chamber of Commerce. Navistar Logistics (UK) Ltd. is an international logistics freight forwarding company with high quality warehousing in London, Birmingham, West Bromwich, Manchester, Newcastle and at all ports and airports. Navistar specializes in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, 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. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, 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. PTS, 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 PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match PTS, 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. PTS, 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.
Due to its International business and agency network, there appears to be a strong interest from Navistar's global contacts. In the company's opinion this could benefit PTSH and Navistar alike.
Incoming CEO John O'Brien delivered following updates on PTSH/Navistar's future, immediate and long-term plans.
Navistar takes no-nonsense position with all of Navistar business, and the management presses on to finalize the merger and deliver results to PTSH shareholders. The company expects to close the merger within next few weeks – aiming at 10 working days deadline.
Following the merger, company plans to elevate PTSH back to OTCBB market or higher, as the company revenues in excess of $10 million USD and accolades are what can be called of "reporting value". This long-term plan should be finalized within 3 to 9 months. The search for a PCBOA auditor http://en.wikipedia.org/wiki/Public_Company_Accounting_Oversight_Board is well under way.
PTSH corporate web site www.ptspi.com has been updated with Navistar information. Additional information about Navistar, its management and operations can be found by visiting http://www.businessrevieweurope.eu/magazines/3325.
Company reports indicate there are many strong business negotiations ongoing, and expects to update shareholders following the merger announcement.
PTSH is in a process of setting up an IR department to handle shareholder enquiries.
The management will provide more details shortly and frequently.
About Navistar Logistics:
Navistar has been established in the UK for over 10 years with a wealth of experience and knowledge in all logistics disciplines, and are members of the British International Freight Association (BIFA), RHA and the Chamber of Commerce. Navistar Logistics (UK) Ltd. is an international logistics freight forwarding company with high quality warehousing in London, Birmingham, West Bromwich, Manchester, Newcastle and at all ports and airports. Navistar specializes in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, 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. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, 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. PTS, 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 PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match PTS, 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. PTS, 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.
China Nuvo Solar Target Acquisition SurgLine Updates OptiMedical Corp.'s Sales Forecast in Excess of $10,000,000
Company has signed agreements in place and finalizing additional product distribution contracts
WEST PALM BEACH, Fla., Aug. 16, 2011 /PRNewswire/ -- China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. ("SurgLine") and one of its previously announced stocking distributors, OptiMedical Corp. ("OptiMedical") is in the final stages of completing a multi-million dollar order and as a result has revised its forecast to be in excess of $10 million by the end of 2012. Additionally, the Company is negotiating with other stocking distributors and channel sales agreements with third parties regarding additional sales and distribution of the Company's product line.
Tom Toland, CEO of SurgLine stated, "The stocking distributorship agreement we have in place with OptiMedical Corp. is just one example of how we plan to penetrate the marketplace. They happen to specialize as a trauma product distributor, and we are confident their sales can reach the $10 million plateau. When you combine the upwardly revised OptiMedical forecasted revenues with our other previously announced agreements we believe we are building the foundation for the future of our Company."
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality FDA approved medical and surgical products at discount prices, thereby reducing or eliminating the historical brand premium paid by healthcare providers including acute care hospitals, surgery centers, surgical hospital, self insured employers and insurance companies. SurgLine offers high quality medical and surgical supplies and products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
WEST PALM BEACH, Fla., Aug. 16, 2011 /PRNewswire/ -- China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. ("SurgLine") and one of its previously announced stocking distributors, OptiMedical Corp. ("OptiMedical") is in the final stages of completing a multi-million dollar order and as a result has revised its forecast to be in excess of $10 million by the end of 2012. Additionally, the Company is negotiating with other stocking distributors and channel sales agreements with third parties regarding additional sales and distribution of the Company's product line.
Tom Toland, CEO of SurgLine stated, "The stocking distributorship agreement we have in place with OptiMedical Corp. is just one example of how we plan to penetrate the marketplace. They happen to specialize as a trauma product distributor, and we are confident their sales can reach the $10 million plateau. When you combine the upwardly revised OptiMedical forecasted revenues with our other previously announced agreements we believe we are building the foundation for the future of our Company."
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality FDA approved medical and surgical products at discount prices, thereby reducing or eliminating the historical brand premium paid by healthcare providers including acute care hospitals, surgery centers, surgical hospital, self insured employers and insurance companies. SurgLine offers high quality medical and surgical supplies and products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Monday, August 15, 2011
PTS, Inc. (PTSH) CEO Message Long Term Plans and Goals
LONDON, UNITED KINGDOM--(Marketwire -08/15/11)- PTS, Inc. (PINK SHEETS: PTSH) (www.ptspi.com) is pleased to announce that the merger negotiations between PTSH and Navistar Logistics (UK) Ltd. (http://www.navistar.co.uk/) are progressing rapidly, on schedule as previously announced.
Following the PTSH and Navistar news regarding the upcoming merger http://www.minamargroup.net/support/index.php?_m=news&_a=viewnews&newsid=820, Navistar management started receiving enquiries from around the world regarding the merger event. Due to the International business and agency network Navistar currently enjoys, there appears to be a strong following interest from Navistar's global contacts. By all accounts, in the company's opinion this could benefit both PTSH and Navistar shareholders alike. To that end, PTS, Inc. incoming CEO John O'Brien is pleased to deliver the following address about PTSH and Navistar's future, immediate and long term plans.
Mr. O'Brien said, "We consider ourselves 'doers' rather than 'talkers', we continually improve processes to help our clients, that's how Navistar became the large enterprise it is today in a fairly short time. We take no-nonsense position with all of Navistar business, and that's why we press on to finalize the merger and deliver results to PTSH shareholders as soon as possible.
"Again, as it's worth repeating, we expect to close the merger within next few weeks, aiming at 10 working days. Following the merger, (as PTSH used to be a reporting issuer) we want to use this advantage, and become a reporting issuer one again. Our plans are to elevate PTSH back to OTCBB quotation system or higher. This is a long-term plan, and should be finalized within 3 to 9 months. We have good, strong revenue and asset based operating subsidiary in Navistar. Our search for a PCBOA auditor is well under way.
http://en.wikipedia.org/wiki/Public_Company_Accounting_Oversight_Board.
While we can appreciate and understand the frustrations PTSH shareholders have endured with delays with PTSH merger, the discussions between PTSH and Navistar have gone on for months and at this point we are just finalizing the logistics and fine tuning details so that we may resume continuing serving our followers and customers with top notch service they have come to expect with Navistar.
As we have many strong ongoing business negotiations, we are looking forward to updating public about all our achievements as part of PTS, Inc. on a timely basis. Our revenues, in excess of $10 million USD and accolades are of "reporting value" and we are hopeful that this will all translate into a higher share price valuation for PTSH. Recently, PTSH corporate web site www.ptspi.com has been updated with Navistar information. Additional information about Navistar, its management and operations can be found by visiting http://www.businessrevieweurope.eu/magazines/3325.
Lastly, PTSH and Navistar is in a process of setting up an IR department to handle these matters.
I, or our management will provide more details shortly."
About Navistar Logistics:
Navistar Logistics (UK) Ltd is an international logistics freight forwarding company with high quality warehousing in London, Birmingham, West Bromwich, Manchester, Newcastle and at all ports and airports. Navistar specializes in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment. Navistar can collect and deliver door-to-door, anywhere in the world.
Navistar has extensive partnership throughout North America and a worldwide network of international approved agents. Navistar has been established in the UK for over 10 years with a wealth of experience and knowledge in all logistics disciplines, and are members of the British International Freight Association (BIFA), RHA and the Chamber of Commerce.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, 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. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, 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. PTS, 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 PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match PTS, 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. PTS, 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.
Following the PTSH and Navistar news regarding the upcoming merger http://www.minamargroup.net/support/index.php?_m=news&_a=viewnews&newsid=820, Navistar management started receiving enquiries from around the world regarding the merger event. Due to the International business and agency network Navistar currently enjoys, there appears to be a strong following interest from Navistar's global contacts. By all accounts, in the company's opinion this could benefit both PTSH and Navistar shareholders alike. To that end, PTS, Inc. incoming CEO John O'Brien is pleased to deliver the following address about PTSH and Navistar's future, immediate and long term plans.
Mr. O'Brien said, "We consider ourselves 'doers' rather than 'talkers', we continually improve processes to help our clients, that's how Navistar became the large enterprise it is today in a fairly short time. We take no-nonsense position with all of Navistar business, and that's why we press on to finalize the merger and deliver results to PTSH shareholders as soon as possible.
"Again, as it's worth repeating, we expect to close the merger within next few weeks, aiming at 10 working days. Following the merger, (as PTSH used to be a reporting issuer) we want to use this advantage, and become a reporting issuer one again. Our plans are to elevate PTSH back to OTCBB quotation system or higher. This is a long-term plan, and should be finalized within 3 to 9 months. We have good, strong revenue and asset based operating subsidiary in Navistar. Our search for a PCBOA auditor is well under way.
http://en.wikipedia.org/wiki/Public_Company_Accounting_Oversight_Board.
While we can appreciate and understand the frustrations PTSH shareholders have endured with delays with PTSH merger, the discussions between PTSH and Navistar have gone on for months and at this point we are just finalizing the logistics and fine tuning details so that we may resume continuing serving our followers and customers with top notch service they have come to expect with Navistar.
As we have many strong ongoing business negotiations, we are looking forward to updating public about all our achievements as part of PTS, Inc. on a timely basis. Our revenues, in excess of $10 million USD and accolades are of "reporting value" and we are hopeful that this will all translate into a higher share price valuation for PTSH. Recently, PTSH corporate web site www.ptspi.com has been updated with Navistar information. Additional information about Navistar, its management and operations can be found by visiting http://www.businessrevieweurope.eu/magazines/3325.
Lastly, PTSH and Navistar is in a process of setting up an IR department to handle these matters.
I, or our management will provide more details shortly."
About Navistar Logistics:
Navistar Logistics (UK) Ltd is an international logistics freight forwarding company with high quality warehousing in London, Birmingham, West Bromwich, Manchester, Newcastle and at all ports and airports. Navistar specializes in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment. Navistar can collect and deliver door-to-door, anywhere in the world.
Navistar has extensive partnership throughout North America and a worldwide network of international approved agents. Navistar has been established in the UK for over 10 years with a wealth of experience and knowledge in all logistics disciplines, and are members of the British International Freight Association (BIFA), RHA and the Chamber of Commerce.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, 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. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, 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. PTS, 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 PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match PTS, 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. PTS, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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