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.
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