DALLAS--(BUSINESS WIRE)--Aerius International, Inc. (Pink Sheets: AERS - News), announces the American Recovery and Reinvestment Act of 2009 signed into law February 17th by President Obama may have elements within the plan from which Aerius could qualify for funding.
Aerius CEO Bill Luxon will be in Washington the week beginning February 23rd for meetings with Aerius advisors to discuss the most effective strategy for working with the appropriate federal agencies that will determine who will gain support from the plan.
Luxon reported there are elements in the stimulus plan Aerius will target such as $50 million in grants for efforts to increase the energy efficiency of information and communications technologies.
“We qualify for such funding because carrier and FCC and CTIA certified lab tests show Aerius technology dramatically reduces handset power loss letting phones operate using less power, which increases battery life 66% and cuts battery discards in half,” said Luxon.
“In addition, better wireless communication in rural America is another goal of the stimulus plan and Aerius increases cell phone coverage area more than 150% because it reduces handset power lost into users as measured in SAR, up to 99%,” Luxon added.
Safe Harbor Statement
This release includes forward-looking Statements. Statements contained in this Release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested may be identified from time to time. The Company does not undertake any obligations to update forward-looking statements made by it. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company. For additional information, see our website: http://www.goaerius.com/
Wednesday, February 25, 2009
Nexia Signs Letter of Intent to Acquire Subdivision for $2M in Series C Preferred Stock
SALT LAKE CITY, UT--(MARKET WIRE)--Feb 25, 2009 -- Nexia Holdings, Inc. (OTC BB:NXHD.OB - News) reported that it has executed a Letter of Intent with Cedar Crest Development, Inc. to acquire 19 residential lots known as the Hooper Haven Subdivision, located in the City of Hooper, Utah. The subdivision consists of 22 residential lots, of which three have been sold to third parties; the lots are all suitable for single family residences. The Letter of Intent provides for the delivery to the sellers of 400,000 restricted shares of Series C Preferred Stock, these shares would have a stated conversion value of $2,000,000.
The lots are currently encumbered by a deed of trust that is in default. Based upon our due diligence, Nexia believes that it will have about 12 months to cure the default. Richard Surber, CEO of Nexia, stated that, "This type of real estate play is the type of transaction that our Real Estate Acquisition Strategy is designed for. Nexia's team will work hand in hand with the prior owners and the bank to cure the default. The anticipated result will be a great piece of real estate free and clear of debt within 12 to 24 months held by a Nexia company. The level of success is highly dependant on market conditions for Nexia's common stock and/or the local real estate market."
Mr. Surber further commented that, "Upon closing this transaction, I believe that it is safe to say that Nexia will have made significant progress in its efforts to build a portfolio of real estate holdings. The signing represents measurable progress by Nexia's real estate management team. The subdivision is one of several prospects that the Nexia team will be working on in the coming months." Nexia president Richard Surber concluded, "I am optimistic that many additional opportunities will be executed upon under our Real Estate Acquisition Strategy. Nexia's team has shown great promise in identifying opportunities. I look forward to the successful conclusion of this project and many more."
About Nexia Holdings, Inc.:
Nexia Holdings, Inc. (OTC BB:NXHD.OB - News), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia's subsidiary, Green Endeavors, LTD (Other OTC:GRNE.PK - News), www.green-endeavors.com, owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates an online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
The lots are currently encumbered by a deed of trust that is in default. Based upon our due diligence, Nexia believes that it will have about 12 months to cure the default. Richard Surber, CEO of Nexia, stated that, "This type of real estate play is the type of transaction that our Real Estate Acquisition Strategy is designed for. Nexia's team will work hand in hand with the prior owners and the bank to cure the default. The anticipated result will be a great piece of real estate free and clear of debt within 12 to 24 months held by a Nexia company. The level of success is highly dependant on market conditions for Nexia's common stock and/or the local real estate market."
Mr. Surber further commented that, "Upon closing this transaction, I believe that it is safe to say that Nexia will have made significant progress in its efforts to build a portfolio of real estate holdings. The signing represents measurable progress by Nexia's real estate management team. The subdivision is one of several prospects that the Nexia team will be working on in the coming months." Nexia president Richard Surber concluded, "I am optimistic that many additional opportunities will be executed upon under our Real Estate Acquisition Strategy. Nexia's team has shown great promise in identifying opportunities. I look forward to the successful conclusion of this project and many more."
About Nexia Holdings, Inc.:
Nexia Holdings, Inc. (OTC BB:NXHD.OB - News), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia's subsidiary, Green Endeavors, LTD (Other OTC:GRNE.PK - News), www.green-endeavors.com, owns a majority interest in Landis Lifestyle Salon, www.landissalons.com, a hair salon built around the world-class AVEDA(TM) product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates an online store at www.blackchandelier.com. For more information, visit www.nexiaholdings.com.
Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
Sunday, February 22, 2009
Hard To Treat Diseases (HTDS) Closes Acquisition of Mellow Hope, China
BEIJING, Feb. 20 /PRNewswire-FirstCall/ - Hard to Treat Diseases (HTDS) www.htdsmedical.com is pleased to announce that it has closed the merger agreement with Shenzhen Mellow Hope Pharm Industrial Co., Ltd. (Mellow Hope). The acquisition has been structured through a Belize based corporation; HTDS Enterprises, Inc., which is the parent company of Mellow Hope. The acquisition is valued at $8.75 million USD on an all-stock basis. The company will issue 3.5 billion restricted shares valued at 0.0025 to Mellow Hope. This will bring the outstanding share structure to 4.75 billion shares.
The merger was announced in a formal televised ceremony on Monday, February 16th. A sampling of television and press coverage can be viewed at the following websites;
- Television: www.sztv.com.cn
- Shanghai Security Daily and China Security Daily Report:
http://www.cnstock.com/paper_new/html/2009-02/17/content_66969010.htm
- Hong Kong and China Phoenix TV report:
http://finance.ifeng.com/zq/qqgs/zbsc/20090218/383646.shtml
- China investment Daily report: http://www.chnvc.com/news/a11447.html
- China's largest internet portal: 'Sohu report':
http://stock.sohu.com/20090217/n262295189.shtml
- China largest finance portal 'JRJ.com':
http://finance.jrj.com.cn/2009/02/1806113600127.shtml
The agreement will see Mellow Hope join Slavica Bio Chem as an active operating division of HTDS. Located in Serbia, Slavica's primary focus involves the enhancement and modification of existing approved drugs to achieve chemical repair of damage to the CNS (central nervous system) by diseases like MS (Multiple Sclerosis), SARS, Hepatitis C and HIV.
Mellow Hope is the biggest exporter of Biological Vaccines in China, and has a product line that encompasses vaccines for hepatitis A Vaccine, Group A,C,Y,W135 meningococcal polysaccharide vaccine, influenza, tetanus, diphtheria and other diseases; cerebroprotein hydrolysate for injection and active pharmaceutical ingredient (or APIs).
Mellow Hope's Hepatitis A Vaccine (sold under the brand name MEVAC-A) will enter the Thailand market for the first time this March. Additionally, the vaccine was recently certified in Russia, and will be marketed there beginning this May. In total, the Company is in the process of registration and clinical trials in more than 20 countries in Southeast Asia, Latin America and East Europe.
Plans for growth also include building of a larger cold warehouse, developing new vaccines, such as HPV and the establishment of new offices in Yunnan, Wuhan, Kunming as well as India, and the Philippines.
Mellow Hope revenues are currently in excess of $15 million USD.
HTDS CEO, Shimin (Terry) Yuan, commented; "With the full resources of a publicly traded company, and medical experts and management in place on two continents, there will be many opportunities to create synergies between the companies. Despite issues related to the global economic slowdown, there are very many Companies in China such as Mellow Hope that will continue to expand and grow at a rapid pace."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
The merger was announced in a formal televised ceremony on Monday, February 16th. A sampling of television and press coverage can be viewed at the following websites;
- Television: www.sztv.com.cn
- Shanghai Security Daily and China Security Daily Report:
http://www.cnstock.com/paper_new/html/2009-02/17/content_66969010.htm
- Hong Kong and China Phoenix TV report:
http://finance.ifeng.com/zq/qqgs/zbsc/20090218/383646.shtml
- China investment Daily report: http://www.chnvc.com/news/a11447.html
- China's largest internet portal: 'Sohu report':
http://stock.sohu.com/20090217/n262295189.shtml
- China largest finance portal 'JRJ.com':
http://finance.jrj.com.cn/2009/02/1806113600127.shtml
The agreement will see Mellow Hope join Slavica Bio Chem as an active operating division of HTDS. Located in Serbia, Slavica's primary focus involves the enhancement and modification of existing approved drugs to achieve chemical repair of damage to the CNS (central nervous system) by diseases like MS (Multiple Sclerosis), SARS, Hepatitis C and HIV.
Mellow Hope is the biggest exporter of Biological Vaccines in China, and has a product line that encompasses vaccines for hepatitis A Vaccine, Group A,C,Y,W135 meningococcal polysaccharide vaccine, influenza, tetanus, diphtheria and other diseases; cerebroprotein hydrolysate for injection and active pharmaceutical ingredient (or APIs).
Mellow Hope's Hepatitis A Vaccine (sold under the brand name MEVAC-A) will enter the Thailand market for the first time this March. Additionally, the vaccine was recently certified in Russia, and will be marketed there beginning this May. In total, the Company is in the process of registration and clinical trials in more than 20 countries in Southeast Asia, Latin America and East Europe.
Plans for growth also include building of a larger cold warehouse, developing new vaccines, such as HPV and the establishment of new offices in Yunnan, Wuhan, Kunming as well as India, and the Philippines.
Mellow Hope revenues are currently in excess of $15 million USD.
HTDS CEO, Shimin (Terry) Yuan, commented; "With the full resources of a publicly traded company, and medical experts and management in place on two continents, there will be many opportunities to create synergies between the companies. Despite issues related to the global economic slowdown, there are very many Companies in China such as Mellow Hope that will continue to expand and grow at a rapid pace."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Good Life China (GLCC) Closes Acquisition of Shenzhen Bread Co.
BEIJING, Feb. 20 /PRNewswire-FirstCall/ - Good Life China Corporation http://www.goodlifechina.com/ (GLCC) is pleased to announce that it has closed the merger agreement with Shenzhen Bread Co. Under the retail banner of Miluga Bread, Shenzhen Bread currently operates 60 retail bakeries and also sells bread on a wholesale basis to various grocery chains and retail stores.
The Baked Goods industry is growing at an impressive pace, as Chinese culture begins to embrace baked goods from the Western world in addition to its traditional pastries. Recent research reports "growth can be seen particularly in urban areas where, due to the increasing pace of life, many people do not have the luxury of spending an hour at breakfast. This has given rise to the demand for nutritious and convenient food. Although bread competes with traditional Chinese breakfasts such as steamed buns, sales of western style bread are also on the increase thanks to the speed with which it can be prepared and eaten".
In addition, Miluga has had tremendous success with its line of Moon Cakes, selling 30 million of them in 2008. Mooncakes are a Chinese pastry. A thick filling usually made from lotus seed paste is surrounded by a relatively thin crust. Mooncakes are rich, heavy, and dense compared with most Western cakes and pastries. They are usually eaten in small wedges accompanied by Chinese tea.
With gross revenues in the 10 million Yuan range, and a 20% net profit ratio, the Company is in an excellent position to continue to grow through cooperation agreements and by expanding its geographic footprint to build regional bakeries servicing a growing franchise chain network around the Pearl River Delta (including the principal cities of Dongguan, Huizhou, Zhuhai, and Guangzhou in Guangdong Province).
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
The Baked Goods industry is growing at an impressive pace, as Chinese culture begins to embrace baked goods from the Western world in addition to its traditional pastries. Recent research reports "growth can be seen particularly in urban areas where, due to the increasing pace of life, many people do not have the luxury of spending an hour at breakfast. This has given rise to the demand for nutritious and convenient food. Although bread competes with traditional Chinese breakfasts such as steamed buns, sales of western style bread are also on the increase thanks to the speed with which it can be prepared and eaten".
In addition, Miluga has had tremendous success with its line of Moon Cakes, selling 30 million of them in 2008. Mooncakes are a Chinese pastry. A thick filling usually made from lotus seed paste is surrounded by a relatively thin crust. Mooncakes are rich, heavy, and dense compared with most Western cakes and pastries. They are usually eaten in small wedges accompanied by Chinese tea.
With gross revenues in the 10 million Yuan range, and a 20% net profit ratio, the Company is in an excellent position to continue to grow through cooperation agreements and by expanding its geographic footprint to build regional bakeries servicing a growing franchise chain network around the Pearl River Delta (including the principal cities of Dongguan, Huizhou, Zhuhai, and Guangzhou in Guangdong Province).
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Thursday, February 19, 2009
Dakshidin Corporation Is Pleased to Announce the Wuhan Government Has Decided to Purchase Two Restec Mark 10 Water Pumping Windmills
LAS VEGAS, NV--(MARKET WIRE)--Feb 19, 2009 -- Dakshidin Corporation (Other OTC:DKSC.PK - News) (Frankfurt:4LQ.F - News) are producers of the world's most powerful water pumping windmill.
Due to the successful performance of the Restec Mark 10 Water pumping Windmill recently installed on a large multi-use agriculture farm in a district of Wuhan, The Government of Wuhan City has decided to authorize the purchase of two more Restec Mark 10 Windmills.
Dakshidin will supply and install two specially configured Restec Mark 10 Water Pumping Windmills to be located in a small village. The application of the windmills will be used to pump water from a river fed reservoir to provide and supply water for 2,000 residents living in the area.
The application of installation of the two Restec Mark 10 Water Pumping Windmills involves pumping an adequate volume of water from the reservoir up a steep hillside into large reserve storage tanks, then pushing the water through piping to the village. The Restec Mark 10 Windmill is the only water pumping windmill capable of meeting these requirements in Low Wind Speed conditions. In view of the complexities and work involved with the installation it should take approximately sixty days to supply and install the Windmills subject to weather conditions.
"This is another example of the capabilities of the Restec Mark 10 Water Pumping Windmill in utilizing the power of renewable energy. This opportunity exists because of our ability to provide a windmill system that is capable of functioning in low wind speeds and having the technology to lift water from any depth in any acceptable wind conditions starting from 4 miles per hour," stated Nick Laroche, CEO Dakshidin and the Wuhan Government are pleased in working together to provide an environmentally friendly solution to the agriculture community.
About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., are producers of the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill is a renewable, cost-effective and environmentally friendly solution for the world's water crisis.
Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Due to the successful performance of the Restec Mark 10 Water pumping Windmill recently installed on a large multi-use agriculture farm in a district of Wuhan, The Government of Wuhan City has decided to authorize the purchase of two more Restec Mark 10 Windmills.
Dakshidin will supply and install two specially configured Restec Mark 10 Water Pumping Windmills to be located in a small village. The application of the windmills will be used to pump water from a river fed reservoir to provide and supply water for 2,000 residents living in the area.
The application of installation of the two Restec Mark 10 Water Pumping Windmills involves pumping an adequate volume of water from the reservoir up a steep hillside into large reserve storage tanks, then pushing the water through piping to the village. The Restec Mark 10 Windmill is the only water pumping windmill capable of meeting these requirements in Low Wind Speed conditions. In view of the complexities and work involved with the installation it should take approximately sixty days to supply and install the Windmills subject to weather conditions.
"This is another example of the capabilities of the Restec Mark 10 Water Pumping Windmill in utilizing the power of renewable energy. This opportunity exists because of our ability to provide a windmill system that is capable of functioning in low wind speeds and having the technology to lift water from any depth in any acceptable wind conditions starting from 4 miles per hour," stated Nick Laroche, CEO Dakshidin and the Wuhan Government are pleased in working together to provide an environmentally friendly solution to the agriculture community.
About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., are producers of the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill is a renewable, cost-effective and environmentally friendly solution for the world's water crisis.
Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Tuesday, February 17, 2009
DKSC Is Pleased to Announce, the Wuhan Government in China Has proposed to Have a Ceremony to Introduce the Restec Mark 10
LAS VEGAS, NV--(MARKET WIRE)--Feb 17, 2009 -- Dakshidin Corporation (Other OTC:DKSC.PK - News) (Frankfurt:4LQ.F - News), producers of the world's most powerful water pumping windmill.
Dakshidin Corporation and the Wuhan Government will organize a ceremony in the Wuhan City District at the site location for the purpose to introduce the successful performance of the Restec Mark 10 Water Pumping Windmill. There will be numerous guests and potential buyers invited throughout the province and City districts and other parts of China to attend the event, also overseas business partners will attend this event to be planned for late March or April of 2009.
Dakshidin Corporation is moving forward in a constructive and positive approach to accomplish its market presence, even though the media and some of the investment community have been reporting a major downturn in global markets. "Yes it is evident that leaders of the world's financial systems have failed to control a balance of economic well-being. This does not change certain basic needs of people, water being one of the most important ones. We will continue to build on the successful performance of our Mark 10 windmill in Wuhan city, and this proposal from the Wuhan government could prove to be a major stepping stone for our company," commented Nick Laroche, President of Dakshidin Corporation."
We firmly believe Dakshidin is in the right place at the right time in developing its market presence in China with its environmentally friendly products, to help the farmers and poor villages become more efficient and productive. The Chinese people and the governments have been most hospitable and receptive to our eco friendly technology, and seem more than satisfied with the performance thus far. It has taken time to get to understand the Chinese culture and develop the trust that is needed to build a solid presence in China. The Chinese governments are truly concerned about pollution and global warming. The utilization of our environmentally friendly Restec Mark 10 Water pumping windmills for the agriculture community and small developing villages is a major step in the right direction. They feel no different than the western world as they need to feed a population of 1.3 billion people daily to survive. Therefore, a clean environment is of great importance to them and they are making changes now and for the future.
About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., are producers of the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill is a renewable, cost-effective and environmentally friendly solution for the world's water crisis.
Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Dakshidin Corporation and the Wuhan Government will organize a ceremony in the Wuhan City District at the site location for the purpose to introduce the successful performance of the Restec Mark 10 Water Pumping Windmill. There will be numerous guests and potential buyers invited throughout the province and City districts and other parts of China to attend the event, also overseas business partners will attend this event to be planned for late March or April of 2009.
Dakshidin Corporation is moving forward in a constructive and positive approach to accomplish its market presence, even though the media and some of the investment community have been reporting a major downturn in global markets. "Yes it is evident that leaders of the world's financial systems have failed to control a balance of economic well-being. This does not change certain basic needs of people, water being one of the most important ones. We will continue to build on the successful performance of our Mark 10 windmill in Wuhan city, and this proposal from the Wuhan government could prove to be a major stepping stone for our company," commented Nick Laroche, President of Dakshidin Corporation."
We firmly believe Dakshidin is in the right place at the right time in developing its market presence in China with its environmentally friendly products, to help the farmers and poor villages become more efficient and productive. The Chinese people and the governments have been most hospitable and receptive to our eco friendly technology, and seem more than satisfied with the performance thus far. It has taken time to get to understand the Chinese culture and develop the trust that is needed to build a solid presence in China. The Chinese governments are truly concerned about pollution and global warming. The utilization of our environmentally friendly Restec Mark 10 Water pumping windmills for the agriculture community and small developing villages is a major step in the right direction. They feel no different than the western world as they need to feed a population of 1.3 billion people daily to survive. Therefore, a clean environment is of great importance to them and they are making changes now and for the future.
About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., are producers of the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill is a renewable, cost-effective and environmentally friendly solution for the world's water crisis.
Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Red Reef Labs in Major Diversification Move
Enters Alternative Energy Technology Sharing & Project Development Agreement With Solargy Systems, Inc.
DEERFIELD BEACH, FL and NAPOLEONVILLE, LA--(MARKET WIRE)--Feb 17, 2009 -- Red Reef Laboratories International, Inc. (Other OTC:RRLB.PK - News) has announced it has entered into a technology sharing and power development project agreement with Solargy Systems, Inc, (www.solargysystemsinc.com) of Fort Lauderdale, Florida. The Photovoltaic (PV) industry generated $17.2 billion in global revenues in 2007.
In an agreement signed this day, Solargy and Red Reef plan a 10 MW (min) hybrid renewable energy installation to be built on Red Reef's 84 acre Napoleonville (formerly the Supreme Sugar Plantation) property in Louisiana.
Dr. Claus Wagner-Bartak stated that Red Reef's agreements with Abalam (www.abalam.com) of Vancouver, Canada will give the JV a considerable advantage in this burgeoning industry.
1) Red Reef has licensed Abalam's Proprietary Full Spectrum Solar Technology for non-military applications and will co-develop the Low Light Source Solar Technology with Abalam and Solargy for commercial and residential applications. The technology replaces the use of glass with almost any material and allows for existing surfaces such as metal roofs and even stucco siding to be converted to energy producing solar panels. The technology has been uniquely designed for relatively small mechanical or robotic devices and research is underway to increase the output amperage sufficient for commercial or residential applications. The companies expect to be able to scale the technology up to large scale applications in about 18 months.
2) Red Reef/Solargy and Abalam have entered into agreements to develop Red Reef designs for super efficient wind turbines which operate in low wind speed conditions, (less than the industry-required minimum of 4 m/sec/or 12mph). This newly conceived applied technology will enable wind turbines to perform optimally in low wind conditions (less than 4 m/sec), perhaps where wind power has been considered impractical until now. The companies believe the technology to produce a super-efficient wind turbine will be commercially available in less than two years.
Solar Assisted Reciprocating Weight System: Red Reef has commissioned Abalam Corporation to design a unique high efficiency four bladed wind turbine system that uses a computer controlled, solar and gravity enhanced reciprocating counter balanced wind turbine blade design. The outer shell of the wind turbine will be treated with Abalam's unique liquid solar skin, designed for military micro robotics, to independently generate all of the power to operate the control and mechanical systems that will enhance the turbine blades' efficiency. The unique programmable weight distribution mechanics will allow far higher electrical generation under normal operating conditions and increase the wind turbine range of wind load where it can generate electricity. The entire tower and blade will be treated with a broad spectrum, low light solar skin that will also generate surplus energy from any high or low light source making the entire installation a giant solar cell. This will be the first of a series of wind turbines designed to be completely independent and be self generating in all respects.
Solargy and Red Reef will have a competitive edge as developers and Independent Power Producers (IPP) using these new efficient wind turbines. The companies intend to license their patented windmill technology to turbine manufacturers.
About Red Reef Laboratories International, Inc.:
Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of products. The first series of products combine advanced surfactant technology and increasingly "green" compounds to create specialized formulas for the disinfection and decontamination of equipment and surfaces. A second series of products has been developed which are specially formulated nutritional items for the health and wellness industry. The company has recently stressed the importance of broader diversification. For more information, please visit the Company's web site at www.redreef.biz. You are also invited to visit Solargy Systems, Inc and Abalam Corp. at: www.solargysystemsinc.com and: www.abalam.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.
DEERFIELD BEACH, FL and NAPOLEONVILLE, LA--(MARKET WIRE)--Feb 17, 2009 -- Red Reef Laboratories International, Inc. (Other OTC:RRLB.PK - News) has announced it has entered into a technology sharing and power development project agreement with Solargy Systems, Inc, (www.solargysystemsinc.com) of Fort Lauderdale, Florida. The Photovoltaic (PV) industry generated $17.2 billion in global revenues in 2007.
In an agreement signed this day, Solargy and Red Reef plan a 10 MW (min) hybrid renewable energy installation to be built on Red Reef's 84 acre Napoleonville (formerly the Supreme Sugar Plantation) property in Louisiana.
Dr. Claus Wagner-Bartak stated that Red Reef's agreements with Abalam (www.abalam.com) of Vancouver, Canada will give the JV a considerable advantage in this burgeoning industry.
1) Red Reef has licensed Abalam's Proprietary Full Spectrum Solar Technology for non-military applications and will co-develop the Low Light Source Solar Technology with Abalam and Solargy for commercial and residential applications. The technology replaces the use of glass with almost any material and allows for existing surfaces such as metal roofs and even stucco siding to be converted to energy producing solar panels. The technology has been uniquely designed for relatively small mechanical or robotic devices and research is underway to increase the output amperage sufficient for commercial or residential applications. The companies expect to be able to scale the technology up to large scale applications in about 18 months.
2) Red Reef/Solargy and Abalam have entered into agreements to develop Red Reef designs for super efficient wind turbines which operate in low wind speed conditions, (less than the industry-required minimum of 4 m/sec/or 12mph). This newly conceived applied technology will enable wind turbines to perform optimally in low wind conditions (less than 4 m/sec), perhaps where wind power has been considered impractical until now. The companies believe the technology to produce a super-efficient wind turbine will be commercially available in less than two years.
Solar Assisted Reciprocating Weight System: Red Reef has commissioned Abalam Corporation to design a unique high efficiency four bladed wind turbine system that uses a computer controlled, solar and gravity enhanced reciprocating counter balanced wind turbine blade design. The outer shell of the wind turbine will be treated with Abalam's unique liquid solar skin, designed for military micro robotics, to independently generate all of the power to operate the control and mechanical systems that will enhance the turbine blades' efficiency. The unique programmable weight distribution mechanics will allow far higher electrical generation under normal operating conditions and increase the wind turbine range of wind load where it can generate electricity. The entire tower and blade will be treated with a broad spectrum, low light solar skin that will also generate surplus energy from any high or low light source making the entire installation a giant solar cell. This will be the first of a series of wind turbines designed to be completely independent and be self generating in all respects.
Solargy and Red Reef will have a competitive edge as developers and Independent Power Producers (IPP) using these new efficient wind turbines. The companies intend to license their patented windmill technology to turbine manufacturers.
About Red Reef Laboratories International, Inc.:
Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of products. The first series of products combine advanced surfactant technology and increasingly "green" compounds to create specialized formulas for the disinfection and decontamination of equipment and surfaces. A second series of products has been developed which are specially formulated nutritional items for the health and wellness industry. The company has recently stressed the importance of broader diversification. For more information, please visit the Company's web site at www.redreef.biz. You are also invited to visit Solargy Systems, Inc and Abalam Corp. at: www.solargysystemsinc.com and: www.abalam.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.
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