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(EGTK) Receives State Permit to Deliver Natural Gas in Vermont
– Energtek North Country Inc. given green light by the State of Vermont, whose Public Service Board issues a permit to provide natural gas to small and mid-size enterprises via truck delivery using unregulated rates.
NEW YORK, Oct. 8, 2014 — Energtek Inc. (OTC BB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, has been informed that Energtek North Country Inc. (“ENCI”), received an important regulatory ruling from the Vermont Public Service Board. ENCI is pleased to announce that the Vermont Public Service Board exercised its discretion to allow “competitive market forces to control rates, service quality, and reliability” for ENCI’s commercial and industrial natural gas customers, especially to small and mid-size enterprises, rather than using regulated rates.
As a result, ENCI plans to provide natural gas to commercial and industrial customers via truck delivery in the State of Vermont without Board oversight of its rates, management, or the construction of its proposed natural gas compression facility in Swanton, Vermont. In its October 1, 2014 ruling, the Board stated that ENCI’s plan to supply natural gas to customers without pipeline access will compete with propane and other trucked fuels, relying on market forces to control price and service quality.
Timothy Nulty, ENCI’s CEO, stated, “We are excited to bring trucked natural gas to these markets. We believe our innovative technology will allow our customers to save money today and profit from the price, efficiency, and environmental advantages of natural gas over competing fuels, without waiting for pipeline distribution infrastructure to be permitted and constructed.”
Added Yoav Krill, Energtek’s CEO: “We are reaching our goals as spelled out in our business plan, and Vermont will be one of the first states where we begin operations. We sincerely thank the successful efforts of our ENCI management and legal teams for receiving the necessary the state rulings allowing deliveries of natural gas to our customers in 2015.”
About Energtek
Energtek develops and applies innovative mobile transportation solutions for small, mid-size and large industrial, residential and agricultural consumers and NGV. Energtek operates subsidiaries in North America, Europe and Asia.
To learn more about Energtek, visit the newly revamped website: www.energtek.com
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and other matters set in Energtek’s filings. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Contacts:
Investor Relations
IR@energtek.com
(212) 999.6202
(ESFS) Large Follow-On Orders Throughout Restaurant Industry for Eco-Safe Systems
LOS ANGELES, CA–(Oct 8, 2014) – Eco-Safe Systems USA, Inc. (PINKSHEETS: ESFS) is pleased to announce building demand with ever increasing orders for its advanced R-Series restaurant systems.
Michael Elliot, CEO of Eco-Safe, stated, “Based on the extremely favorable responses to the systems just installed in major restaurant chains, we have just received follow-on orders for another 22 restaurants. This is slated to lead to increasingly rapid and larger-scale expansion in 2015 and 2016 throughout the remainder of their U.S. installations.”
Elliot continued, “Some of these follow-on orders are for our restaurant clients in the Middle East and Mexico. Coupled with our pending proposals, Eco-Safe stands to reap the benefits of what it has built over the years. In part, this has been made possible by the fact that all of the company’s systems are NSF Registered, a must for food safety issues. We look forward to continued updates on our process of expansion and growing sales, as vetting of Eco-Safe’s technology by an industry leader is key to our future.”
About Eco-Safe Systems:
Eco-Safe Systems, based in Los Angeles, is the manufacturer of patent pending water treatment and water reclamation systems. Our technologies produce ozonated water for food disinfection and water purification at significantly less maintenance cost and greater energy savings than our competitors in a completely green and organic manner. We currently offer supermarkets and restaurants a cost-effective way to safely extend the shelf-life of meat, poultry, seafood, fruits and vegetables. All Food Industry products are National Sanitation Foundation, International (NSF) Registered. Please visit us at www.ecosafeusa.com for more information.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Eco-Safe Contact:
Michael Elliot
CEO
Eco-Safe Systems USA, Inc.
www.ecosafeusa.com
Email Contact
(BLPG) to Present at International Cannabis Association Conference in New York
DENVER, CO–(Oct 8, 2014) – Blue Line Protection Group, Inc. “Blue Line” (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced that it will present its compliance and protection expertise at the International Cannabis Association (ICA) conference this weekend in New York City.
Daniel Sullivan, Blue Line’s Vice President of Sales and Training, will be presenting information on the current state of the lawful cannabis industry, the importance of maintaining local and federal compliance, and strategies businesses can adopt to help them obtain legitimate banking services. He will speak on Monday, October 13th at 10:30 a.m. The ICA conference is October 11th – 13th at the Marriott Marquis at Times Square.
“It’s a privilege for me to be able to share Blue Line’s expertise in the lawful cannabis industry with the International Cannabis Association,” said Mr. Sullivan. “With the passage of its Compassionate Care Act, New York recognizes the fact that the lawful cannabis industry is coming to the Big Apple, and we can bring our unparalleled protection and compliance experience to New York and help establish a safe, responsible and legitimate industry.”
The International Cannabis Association provides educational conferences and networking events to professionals operating in the cannabis industry, bringing together experts from across the cannabis industry and providing a framework for business-to-business networking. Its previous conference, held last June in Las Vegas, welcomed nearly 1,000 entrepreneurs and industry professionals and provided a venue for educational presentations from 35 speakers from around the country.
Blue Line is an official sponsor of the International Cannabis Association conference in New York City and will have staff at booth #403 to answer questions about the cannabis industry. “We’re here to stress to these cannabis business entrepreneurs the importance of being industry-compliant, keeping their licenses and being able to bank their cash,” said Sean Campbell, Blue Line’s Chief Executive Officer. “There’s only a potential of five cannabis producers and 20 dispensaries to be licensed by the state of New York, so it’s important that these business owners really understand what it takes to develop a legitimate, compliant and successful business model.”
The New York City ICA conference will be even larger than its Las Vegas conference, featuring over 65 exhibitors, industry experts, lawmakers, lawyers and physicians related to the industry. New York Senator Diane Savino, who spoke at the Las Vegas conference, is also scheduled to host a regulatory panel at the New York conference on the afternoon at 2:00 p.m. on October 12th. Mr. Campbell and Mr. Sullivan will be attending a fundraiser for Senator Savino that evening at 5:30 p.m.
“As the largest and most experienced cannabis protection agency, we’ve worked with numerous lawful cannabis cultivation facilities and dispensaries in several states,” said Mr. Sullivan. “Through our consultation services, we’ve developed security and transportation strategies that have helped them obtain their state-issued cannabis licenses. We continue to work with those clients to help them maintain their licenses. Using this model, we can establish consistent, professional and compliant operational procedures for cannabis businesses across the entire United States.”
For more information on the International Cannabis Association, visit www.InternationalCannabisAssociation.com.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides secured transportation, state and federal regulatory compliance, security consultation and training, and professional protection services to high-value asset industries. The company’s security operators, investigations personnel and consulting staff are highly trained professionals with significant experience in law enforcement and the United States armed forces. For more information, visit www.BlueLineProtectionGroup.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact
Blue Line Protection Group, Inc.
800-844-5576
Media@BlueLineProtectionGroup.com
(LEXG) CEO Distributes October Newsletter
SCOTTSDALE, AZ–(Oct 8, 2014) – Lithium Exploration Group Inc. (OTCQB: LEXG) CEO Alex Walsh discusses ongoing business activity in his October 2014 newsletter:
Dear Shareholders,
Later today we will be filing our June 30, 2014 10K. This is obviously a time-consuming effort, as busy as we have been over the past 12 months. However, it is a much more thorough and appropriate way for you to extract information about our company than a monthly letter to shareholders.
In the most recent fiscal year, we have acquired two waste disposal facilities and successfully tested the ultrasonic generator into which we have invested significant time and resources. The quarter ending June 30, 2014 will see the first meaningful revenue that we have generated as a company since our inception. Over the past month, we have retired almost half of the debt that we took on in March to complete the Tero Oilfield investment, and we have raised additional capital to take on a larger stake in the company beginning January 2015.
I think that we are in fantastic shape to move our business forward. We have two disposal facilities in Alberta and interest in a technology that has numerous industrial applications which will save customers money in areas as diverse as water treatment and steam generation.
Our market capitalization is not so fantastic. Competing firms such as Secure Energy, Clean Harbours, and Newalta, are much larger than we are, but trade publicly at 30 to 50 times earnings. I believe that we will be able to justify a market cap over $100 million in the next 12 to 18 months. This opinion is based upon the direction we are headed, a comparison with other public companies, and the added value that we bring to waste disposal and oil treatment with the ultrasonic technology. I realize that this may seem farfetched, but if you look at the competition and the way they got started, we are not far behind — and none of them had a potentially game-changing technology in their arsenal.
Enjoy the 10K and look for a more detailed update on our progress next month.
Sincerely,
Alex Walsh
CEO
Lithium Exploration Group
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact Info
Ten Associates, LLC
Tom Nelson
480-326-8577
info@lithiumexplorationgroup.com
(BFRE) Master EPC Contract w/ China 3 Gorges Corp. For Fulton, MS Cellulosic Ethanol Facility
IRVINE, Calif. and BEIJING, Oct. 8, 2014 — BlueFire Renewables, Inc. (OTC:BFRE), a company focused on changing the world’s transportation fuel paradigm through the production of renewable fuels announced that it has finalized and signed a new Master Engineering, Procurement and Construction (EPC) contract for its planned cellulosic ethanol facility in Fulton, MS. The contract is with the China International Water and Electric, subsidiary of China Three Gorges Corporation (CTG), one of the world’s largest companies and China’s largest renewable energy company.
“This contract is truly the first of its kind in the United States,” stated Arnold Klann, CEO of BlueFire Renewables, Inc. “It not only provides the backing of a large multinational company with the expertise to manage the execution of the construction of the facility but also sets up a cooperation blueprint for BlueFire and China Three Gorges to work together on other projects and financing. The Master EPC structure will utilize a US based EPC Contractor to be the onsite engineering, procurement and construction team using local suppliers and craftsmen generating much needed local revenues for Itawamba County and the surrounding region.”
The contract is to provide cost savings by leveraging China Three Gorges’ relationships and experience to complete the Fulton project. CTG was responsible for building the largest hydro electric dam in the world that went into operation in 2008 as well as other energy and infrastructure projects globally.
“CTG’s support of this important commercial project is consistent with China’s goals to advance the use of non-food biomass to produce renewable fuels, power and chemicals in cooperation with the U.S. all the while helping the environment,” said Lin Chuxue, Executive Vice President of CTG. “We see this relationship with BlueFire and Arkenol as an important step in bringing renewable cellulosic fuels and chemicals to China’s burgeoning marketplace. We will be the leader in bringing China clean and renewable energy that reduces the nation’s carbon footprint significantly and creating jobs both in the United States and China.”
Klann stated that this contract provides BlueFire a pathway for financing solutions in the US and opens opportunities in China. “With a seasoned team from a company like China Three Gorges now involved with the project, it opens the door to financing opportunities in China previously unavailable to us.” said Klann.
The companies will continue to work together to identify other opportunities and to cooperate on a global scale.
The Fulton, MS project will allow BlueFire to utilize green and wood wastes available in the region as feedstock for the ethanol plant that is designed to produce approximately 19 million gallons of ethanol per year.
About BlueFire Renewables, Inc.
BlueFire Renewables, Inc. was established to deploy the Arkenol patented and proven Concentrated Acid Hydrolysis Technology Process for the profitable conversion of cellulosic waste materials (“Green Waste”) to renewable fuel sources. BlueFire has demonstrated production of Biofuels from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues.
BlueFire’s biorefineries will be located near markets with high demand for ethanol and will use locally available biomass. This should dramatically reduce delivery costs and increase biofuel supplies, while providing a unique waste processing technology to help America’s cities better manage the increasing problem of overflowing landfills. For more information, please visit www.BFREINC.com
About China Three Gorges Corporation
China Three Gorges Corporation was founded in 1993 to develop and build the hydroelectric power plant on the Yangtze River. The facility built was the Three Gorges Dam, which is the largest dam ever built. Following the success of that project the company expanded into multiple areas of development, construction, and asset management.
China Three Gorges Corporation employs over eleven thousand employees and has 11 subsidiaries. They range from electricity generation, renewable energy generation, solar and wind power plants, construction, engineering, and financial companies. The company is not only the largest utility in China but also one of the world’s largest companies.
Forward-Looking Statements
Statements about BlueFire Renewables expectations, including future revenues and earnings, 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 the term is defined in the Private Litigation Reform Act of 1995. BlueFire’s actual results could differ materially from expected results. BlueFire undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; BlueFire will appropriately inform the public.
This press release includes statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). BlueFire Renewables, Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms “may,” “believes,” “projects,” “expects,” or “anticipates,” and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful development and deployment of ethanol production facility or facilities, impact of the company’s expansion plan, and new business development success, future financial results, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new facilities and/or technologies, each of which could have a material impact on our business, our financial results, and the company’s stock price.
These risks and other factors are detailed in the Company’s regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company’s control. Forward-looking statements speak only as to the date they are made and BlueFire Renewables, Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT: Company Contact: Richard Klann BlueFire Renewables, Inc. rgklann@bfreinc.com 949.588.3767, ext. 411
(PYDS) Predicts Record Yearly Revenues and Income
Payment Data Systems Announces Record Transaction Growth for the Third Quarter of 2014
SAN ANTONIO, Texas, Oct. 7, 2014 — Payment Data Systems (OTCQB:PYDS), an integrated electronic payments solutions provider, announced today that it achieved all-time records related to transactions processing in the third quarter of 2014.
Total dollars processed for the third quarter of 2014 set a new record for the company exceeding $796,000,000.
Credit card processing volumes third quarter of 2014 were the second highest in the history of the company for quarterly transaction volumes. Credit cards dollars processed during third quarter of 2014 were up 16% over the same time period in 2013. Credit cards transactions processed during third quarter of 2014 were up 59% over the same time period in 2013.
The third quarters of 2014’s electronic check transaction volumes were up 2% and returned check transactions were up 19% as compared to second quarter of 2014.
Michael Long, CEO, said, “I am very pleased with the company’s tremendous growth in transactions this year. It should be noted that in early September a number of our sales agreements came up for renewal; we were able to renew all affected agreements with higher profit margins. The new margins had positive effects on earnings during the last month of the third quarter and will also create positive changes in earnings for the fourth quarter and into the foreseeable future. The fourth quarter is traditionally our best quarter of the year for transactions processed. We expect charitable giving to be up this year and our large customer base of churches and charities should lead to record transactions in Q4. We look forward to closing out the year with record annual revenues and income.”
Our quarterly earnings for the third quarter of 2014 are anticipated to be released in our 10Q report on or about November 14, 2014.
About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.
For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210.249.4040 or email at ir@paymentdata.com.
Website: http://www.paymentdata.com, www.ficentive.com, www.zbill.com
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FORWARD-LOOKING STATEMENTS DISCLAIMER:
Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management’s intents, beliefs and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect, our businesses and financial results and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.
CONTACT: Michael Long Investor Relations 210.249.4040 ir@paymentdata.com
(ZMRK) Renowned Jewelry Company Appoints New Board
LOS ANGELES, Oct. 7, 2014 — Zalemark Holding Company, Inc. (OTC:ZMRK), the renowned award winning jewelry design, product development, manufacturing and branding company announces the appointment of new board of directors effective October 1st, 2014.
Zalemark’s new board will consist of, Warren K. Nobusada as CEO, President & Chairman of the Board, Ray Ruiz, COO & Director, Caren Currier, CFO & Director, Tina Neukirch, Director, Ernest Martel, EVP & Director, Ed Mims, Director, and Ron Chavez, Director. Steven Zale will remain permanently as Chairman Emeritus.
Russell Brown, Zalemark’s licensing liaison states, “Zalemark anticipates announcing a new major license deal with one of the most recognized brands in the world. This deal is projected to be on a magnitude and scale that will be, perhaps, the largest and most creative deal the jewelry industry has ever seen.”
Zalemark’s President, Warren Nobusada states, “Zalemark is excited to have new board members with extensive business experience just in time for the implementation of our strategic corporate plan. This plan includes moving Zalemark’s stock offerings to a higher level of the stock exchange and becoming a fully reporting company, engaging in exciting new licensing adventures.”
About Zalemark Holding Company, Inc.- Zalemark Holding Company, Inc. is a publicly traded OTC company under the symbol, “ZMRK”. Zalemark is an award winning product design, development, manufacturing and distribution Company. Zalemark also operates, stevenzale.com, LuxTV, Inc. dba Luxury Brands Group, Demeter® Brand, Divas Choice™ Brand, Dog Boxer Brand™, and Compralux Hispanic Shopping Network™. These brands are widely known for their, “Mark of Quality” the companies’ tag line and quality standard incorporated in all aspects of their business.
Safe Harbor Statement
Forward Looking Statements: This release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 concerning Zalemark Holding Company, Inc. business, operations, and financial performance and condition. When used on this release, the words “believe”, “anticipate”, “intend”, “estimate”, “expect”, “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results, including earnings per share guidance, to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, regulatory change, the general health of the economy and competitive factors. Many of these factors are beyond the Company’s control; therefore, future events may vary substantially from what the Company currently foresees. You should not place undue reliance on such forward-looking statements. Zalemark Holding Company, Inc. is under no obligation to update or alter such forward-looking statements whether as a result of new information, future events or otherwise. Unless otherwise indicated all dollar references herein are in U.S. dollars.
CONTACT: Ernest Martel, EVP info@zalemark.com TEL: 818. 582. 2477
(GOLDF) Expands its Business Model to Include Recycling Monazite in Elliot Lake
TORONTO, ONTARIO–(Oct 7, 2014) – Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) (“Pele” or the “Company“) today announced an expansion of its business model to include recycling of high-grade rare earth bearing monazite, in Elliot Lake.
“We firmly believe that Canada can be a global leader in the sustainable production of critical rare earths. Key to realizing that vision is establishing a relatively low cost, early-to-market rare earth supply,” stated Pele President and CEO Al Shefsky. “The very high grades of rare earths contained in monazite can facilitate substantial production from relatively low tonnage, allowing for sharply lower CAPEX and OPEX than a large-scale mine. The metallurgical processes are well-established, which can reduce both technical risk and ramp up times considerably.”
The expansion of Pele’s business model is designed to achieve relatively low cost, early-to-market critical rare earth production in Elliot Lake, Ontario, the same location as Pele’s Eco Ridge Mine Rare Earth and Uranium Project (“Eco Ridge“). The monazite will be sourced from mineral sands mine tailings in countries that embrace sustainable mining practices and are allied trading partners with Canada.
“We appreciate the enthusiastic local support for Eco Ridge and the previous public expression of support from the Mayor and Council of the City of Elliot Lake,” added Mr. Shefsky. “For years the Mayor has suggested that we consider recycling mine tailings as a sustainable approach to re-establish rare earth production, to create jobs and economic development in the community. Given prevailing market conditions, the expansion of our model to include recycling monazite is a natural evolution of that idea.”
“Elliot Lake is Canada’s only proven historic critical rare earth mining camp and offers many competitive advantages as the hub of an early-to-market rare earth supply chain,” stated Rick Hamilton, Mayor of Elliot Lake. “We are encouraged by Pele’s decision to build on our many strategic, operational, and logistical advantages to pursue this compelling business opportunity. We welcome responsible business development in Elliot Lake.”
Pele is engaging with government, local First Nations, industry leaders, and academia to advance the sustainable development of Canada’s first critical rare earth supply chain.
Following a recent round table discussion on sustainable development in the Territory, which included Pele’s participation, Chief Isadore Day, Wiindawtegowinini of Serpent River First Nation stated, “Our vision is to move forward together in the Territory and to ensure that any development advances in a way that safeguards the environment and delivers benefits that can support a good life for our people. Our Treaty with the Crown remains sacred”.
Mr. Shefsky concluded, “Commercial processing of monazite has been achieved by several companies and was historically a primary source of rare earths. We have long characterized the goal of being early-to-market with critical rare earths outside of China, as a ‘race’. We believe that this expansion of our business plan will help us to win that race in Canada and, ultimately, support the development of Pele’s rare earth and uranium mine at Eco Ridge as markets improve.”
About Pele
Pele Mountain Resources is leading the sustainable development of an early-to-market critical rare earth supply chain in Elliot Lake, Ontario. Pele owns a 100-percent interest in the Eco Ridge Mine Project in Elliot Lake, where large NI 43-101 rare earth and uranium resources provide Pele shareholders with exposure and leverage to uranium and rare earth prices. With excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for the development of a safe, secure, and reliable supply of critical rare earths and uranium. Pele’s shares are listed on the TSX Venture Exchange under the symbol “GEM” and on the OTCQX under the symbol “GOLDF”.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele’s future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Shares Outstanding: 173,523,598
Pele Mountain Resources Inc.
Al Shefsky
President
(800) 315-7353
www.pelemountain.com
(THNS) Gears Up for Growth, Upgrades Facility, Grows Engineering Team By 100%
Company to grow engineering team by 100%, upgrade to larger facility in Pune’s IT hub
PORT ORANGE, Fla., Oct. 7, 2014 — Thinspace Technology Inc. (OTCQB: THNS; “Thinspace” or the “Company”), a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes, today announced that in preparation for next generation innovation and product development growth, the Company is expanding its engineering capabilities, hiring new engineers and staff, and upgrading to a larger development facility located in the Baner Infotech area of Pune, India.
Considered “Oxford of the East,” Pune is equipped with over a hundred education facilities and universities attracting IT talent from all over the world. The Baner area of Pune, specifically, is known to be its center of IT, with nearby Mumbai attracting new infrastructure investment. Thinspace’s new development center, idyllically positioned adjacent to Rajiv Gandhi Infotech Park, one of the most famous IT hubs outside of Bangalore, covers approximately 2500 square feet and can seat up to 50 engineers, up from the current 20, reflecting a capacity increase over 100%.
Thinspace Technology CTO, Vijender Yadav, stated, “With a large pool of talent and good mix of experienced engineers combined with fresh college graduates, Pune is a great location to hire personnel and run technology focused engineering teams like ours. We are looking at doubling our team from 20 to 40 in next couple of months in order to better accelerate product development and improve employee satisfaction. The new facility is currently ready and operational.”
“We are excited to move to a larger development facility in Pune’s technology area. This upgrade should work to improve our productivity, as well as help us attract and retain top notch, world-class talent,” commented Thinspace Technology Chief Executive Officer, Chris Bautista. “Not only does this expansion to a larger center and increase in engineers demonstrate our continued path to growth, but also it reflects our continued commitment and focus on providing customers with only the best in next generation product development and innovation.”
The Company filed its Quarterly Report on Form 10-Q for the three months ended June 30, 2014 on August 14, 2014, reporting revenue of $2.593 million, up 871% from the comparable 2013 period. For more information on Thinspace’s performance in the second quarter 2014, please see the Company’s most recent Form 10-Q on file with Securities and Exchange Commission.
Thinspace Technology operates in high growth B2B markets of application delivery, virtualization and cloud client technology that make it easier, more flexible and more affordable for companies and IT Managers to conduct and streamline computing operations securely from any server – anywhere in the world. IDC predicts that 2014 is the year where desktop virtualization is going to become main stream given its advantages currently in demand: low cost, flexibility, secure and green. According to Gartner research, the global desk top virtualization market is expected to surpass $65 billion in 2015.
About Thinspace Technology Inc.
Thinspace Technology Inc. is a global provider of reliable, scalable and affordable application delivery, virtualization, and cloud client technology to public and private sector companies and organizations of all sizes. Operating on the belief that application delivery and cloud computing solutions should be flexible, dynamic and above all, simple to use, Thinspace understands and is passionate about solving customer problems affordably in the most efficient and effective manner possible. The Company’s list of private and public sector customers include NASA, PWC, Deutsche Bank, Toyota, as well as, NHS, local councils, universities, schools, and housing associations. With over 5,000 enterprise customers worldwide, Thinspace is recognized as a leading player in application delivery, virtualization, and cloud technology markets. The Company is headquartered in Port Orange, Florida with international offices in U.K., Canada, and India. For more information on the Company, please visit www.thinspace.com.
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2013.
Investor Relations
Email: lauren@choosewindmill.com
Phone: 855-371-3936
(EFOI) Receives Another Record Order for the U.S. Navy
SOLON, Ohio, Oct. 7, 2014 — Energy Focus, Inc. (Nasdaq:EFOI), a leader in LED lighting technologies, today announced that the Company has received a $7.9 million order for the United States Navy—its second large order for the Navy in less than 30 days. This order is expected to be delivered throughout the first half of 2015, and is now the single largest in the Company’s history, topping the $7.7 million order received in September.
As with the $7.7 million order received last month, this $7.9 million order is entirely for Energy Focus’ military Intellitube® LED retrofit tubes. This industry’s only true plug-and-play technology based on proprietary and patented circuit designs allows for direct fit into existing fluorescent sockets with or without the ballast in place. To date, the military Intellitube® is now installed on approximately 160 naval vessels in the U.S. Navy fleet. Upon delivery of this order in the first half of 2015, the U.S. Navy will have converted just over 10% of its fluorescent tubes with Intellitube®.
“We have worked diligently to gain the confidence and recognition of the Navy for our LED lighting products and are optimistic that the Navy fleet’s transformation into LED lighting will continue to expand,” said Eric Hilliard, President and Chief Operating Officer of Energy Focus. “We are particularly pleased that based upon the 2015 Department of Defense Appropriations Bill, the Senate appropriations committee commends the U.S. Navy for its increasing use of LED lighting throughout the fleet, and encourages the Navy to continue these conversion activities.”
“It is evident the U.S. Naval command is enthusiastic and supportive of the conversion to LED lighting, and we are extremely honored to be the Navy’s partner to drive this conversion at an accelerating pace,” said James Tu, Executive Chairman and Chief Executive Officer of Energy Focus. “As is typical in disrupting technologies, now that the market penetration rate for Navy combat ships is surpassing 10%, we look forward to faster, broader and less seasonal adoption of LED lighting by the Navy in the coming quarters and years.”
“In addition, now with proven energy savings, maintenance savings, and higher quality of light resulting in better working conditions for the sailors, we believe the Navy’s pioneering and aggressive LED adoption will catalyze LED adoption to additional U.S. government constituencies, including the Military Sealift Command, Coast Guard, military bases and other federal agencies. We are excited to leverage our proven credentials, government sales and distribution networks, as well as our technological leadership in tubular LEDs—now listed on the GSA Schedules—to expand our market reach and leadership in the government market,” concluded Mr. Tu.
For more information on Energy Focus lighting solutions, please visit www.EnergyFocusInc.com.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Generally, these statements can be identified by the use of words such as “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from Energy Focus’ forward-looking statements. These risks and uncertainties include, but are not limited to: the timing of the shipment of orders in our backlog, the benefits and performance of our lighting products; our ability to expand our sales with existing customers and other customers in the maritime market; growth in the markets into which Energy Focus sells; conditions of the lighting industry and the economy in general; statements as to our competitive position; the development and marketing of new products; relationships with the U.S. Navy, customers and distributors; trends in the price and performance of light-emitting diode (“LED”) lighting products; and our strategy with regard to protecting our proprietary technology. For more information about potential factors that could affect the financial results of Energy Focus, please refer to the Company’s SEC reports, including its Annual Reports on Form 10-K and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets.
Customers include national, state and local U.S. government agencies as well as Fortune 500 companies and many others commercial and industrial clients. Company headquarters are located in Solon, Ohio and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.
CONTACT: Energy Focus, Inc. (440) 715-1300 pr@energyfocusinc.com
(CTC) Strategic Real Estate Cooperation Agreements w/ (SFUN)
BEIJING, Oct. 7, 2014 — SouFun Holdings Limited (NYSE: SFUN, “SouFun” or the “Company”), the leading real estate Internet platform in China, today announced that it has entered into strategic cooperation agreements with China’s leading real estate franchise company Century 21 China (NYSE: CTC).
Pursuant to the strategic cooperation agreements with Century 21 China, 1) SouFun and Century 21 China will form a mutually preferred strategic partnership across their business lines, including advertising, e-commerce, listing service, internet and real estate financing, secondary and new home agency businesses, etc.; 2) SouFun will subscribe for new shares of Century 21 China in a private placement for 20% of Century 21 China’s outstanding share capital immediately after the completion of the private placement; 3) Century 21 China will issue a convertible bond to SouFun to support its operational needs and SouFun will also grant a loan to Century 21 China’s founders via IFM Overseas Partners L.P. to refinance an earlier loan borrowed from GL Asia Mauritius II Cayman Ltd. The aggregate consideration for this strategic cooperation amounts to approximately US$51 million.
Vincent Mo, SouFun’s Chairman and CEO, comments: “SouFun’s Cooperation Partnership Program with real estate brokers and agents starts to be fruitful. This is another top-players’ cooperation and partnership. As the leading online platform in China’s huge real estate market, SouFun has been looking for the leading off-line players to work together for the industrial upgrade of China’s expanding new home and secondary home market. Century 21 China is the leading and most well known real estate franchise company in China and is SouFun’s best choice for forming strategic O2O partnership. I am sure that these strategic cooperation partnerships will not only allow SouFun a broader and deeper access in real estate transactions but also enhance Century 21 China’s leadership and transformation by integrating internet and mobile elements into their broad offline operations. I look forward to seeing a new Century 21 China.”
About Century 21 China
IFM Investments Limited (“Century 21 China Real Estate” or “CTC”) is a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China. CTC primarily focuses on China’s fast-growing and highly fragmented secondary real estate market, providing company-owned brokerage services, franchise services, mortgage management services, primary services, commercial services and fund management services. CTC has experienced substantial growth since it commenced operations in 2000, and received numerous awards and recognition as franchisor and real estate services provider for its service quality and business achievements. Century 21 China Real Estate became a public company in January 2010 and its ADSs, each of which represents 45 ordinary shares of CTC, currently trade on the New York Stock Exchange under the symbol “CTC”. For more information about CTC, please visit http://www.century21cn.com/english.
About SouFun
SouFun operates the leading real estate Internet portal in China in terms of the number of page views and visitors to its websites in 2013, according to DCCI, an independent market research institution commissioned by us. Through our websites, we provide marketing, e-commerce, listing and other value-added services for China’s fast-growing real estate and home furnishing and improvement sectors. Our user-friendly websites support active online communities and networks of users seeking information on, and other value-added services for, the real estate and home-related sectors in China. SouFun currently maintains about 100 offices to focus on local market needs and its website and database contains real estate related content covering more than 330 cities in China. For more information about SouFun, please visit http://ir.fang.com.
Safe Harbor Statement
The Company cautions its shareholders and others considering trading its securities that there can be no assurance that these strategic cooperation agreements will be approved or the share subscription transactions will be consummated. This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “is expected to,” “anticipates,” “aim,” “future,” “intends,” “plans,” “believes,” “are likely to,” “estimates,” “may,” “should” and similar expressions. Such forward-looking statements include, without limitation, the Company’s plan to form strategic partnerships and collaborate and explore Internet and real estate financing businesses with World Union and Hopefluent, comments by management in this release about the success and benefit of its strategic cooperation partnerships, and about China’s real estate market. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
For investor and media inquiries, please contact:
Dr. Hua Lei
Deputy CFO
SouFun Holdings Limited
Phone: +86-10-5631-8707
Email: leihua@soufun.com
Ms. Yiwen Zhang
Investor Relations Manager
SouFun Holdings Limited
Phone: +86-10-5631 8659
E-mail: zhangyiwen@soufun.com
(UNQT) Announces Shareholder Updates
INDIANAPOLIS, IN, United States, via ETELIGIS INC., 10/07/2014 – – Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) would like to announce a few shareholder updates. It has been brought to the attention of CEO, JT Thornburg that the website for World Currency and Precious Metals Traders has been down. This has caused great concern with shareholders. Please rest assured, that the management team of Union Equity Inc. has been dealing with this situation from the moment of learning about this issue. The server on which the World Currency and Precious Metals Traders website is located, experienced a breach of security in the past week. In order to be protected from this security breach, Union Equity Inc.s management team has ordered the website pulled for security measures to be put in place. This issue should be resolved in the next five to ten days. At this time, the website should be operational and viewable once again. The management team of Union Equity Inc. apologizes for any inconvenience that this may have caused.
Union Equity Inc. continues to progress with the third quarter financial filings, as well as the financial audit. Details of these filings will be posted with OTC Markets upon completion.
About Union Equity Inc.
Union Equity, Inc. is a holding company that is comprised of 1 subsidiary that covers a vast business spectrum – Union Equity Investments, Inc.
About Union Equity Investments Inc.
Union Equity Investment, Inc. is to provide the best possible risk-return value for Union Equity shareholders, by making direct investments into or outright purchases of revenue generating foreign and domestic private/public companies, which are in the need of a strong management team and capital in order to make it to the next level.
CONTACT:
Investor Relations
Office: (317) 575-4113
(UNIS) Signs 15-Year Commercial Supply Agreement for Wearable Injectors with Sanofi
Unilife to be the sole provider of wearable injectors for all of Sanofi’s applicable large dose volume drugs
YORK, Pa., Oct. 6, 2014 — Unilife Corporation (NASDAQ: UNIS and ASX: UNS), a developer and supplier of injectable drug delivery systems, announced today the signing of a worldwide Master Services and Commercial Supply Agreement with Sanofi to be the sole provider of cartridge based wearable injectors for all of Sanofi’s applicable large dose volume drugs, excluding insulins, for a minimum 15 years. Additionally the agreement will allow Sanofi to make Unilife’s wearable injectors available to its partners for use with applicable molecules under joint collaborations.
Unilife has granted Sanofi non-exclusive access to its wearable injector technology during the agreement. Unilife maintains the right to enter into supply agreements with other pharmaceutical companies for the use of its wearable injectors, so long as Sanofi’s non-exclusive access is preserved. Sanofi also has the option to extend the agreement for additional periods. In addition to an upfront payment and device sales, Unilife anticipates it will receive approximately $50 million from customization programs relating to Sanofi molecules and indications. Additional revenue is also expected from customization programs conducted under joint collaborations with Sanofi partners. Unilife will begin to generate revenue from Sanofi this fiscal year from an upfront payment, customization programs and initial commercial sales of the devices to Sanofi. Unilife and Sanofi will also collaborate in the development of other new technologies that address additional unmet or emerging needs for the delivery of large dose volume biologics. Additional information will remain confidential at this time.
Mr. Alan Shortall, Chairman and Chief Executive Officer of Unilife said: “Unilife continues to advance our lead position in the fast-growing market for wearable injectors, a market which is expected to generate $8 billion in sales at an average $25 per unit by 2025. Based upon public information and industry forecasts, Unilife estimates that Sanofi has between 5 to 10 molecules that will be delivered in wearable injectors. With many pharmaceutical companies having up to a dozen large dose volume biologics that will each require an average of five million units per drug per year, our wearable injectors are poised to generate substantial revenue and growth moving forward. Additionally, we anticipate substantial incremental revenue will be generated from customization programs conducted under joint collaborations with Sanofi partners that choose to participate,” Mr. Shortall concluded.
Unilife Platform of Wearable Injectors
The Precision-Therapy™ platform of disposable wearable injectors can be worn on the body of a patient during the subcutaneous administration of a large dose volume drug. Unilife’s wearable injectors can be prefilled, pre-assembled and ready to use, with only three intuitive steps for a patient to peel off the label, stick the product onto the body and click a button to commence the injection of a drug (Peel, Stick and Click™). Unilife wearable injectors require no terminal sterilization, utilize standard materials in the primary drug container and are supplied for seamless integration with standard filling and packaging systems. Products can be pre-configured to administer a measured dose volume over a designated period of time, typically ranging between one and thirty minutes. Unilife wearable injectors utilize a Flexwear™ comfort catheter for patient comfort, and an on-body safety lock that prevents unintentional activation.
The Global Market for Wearable Injectors
Wearable injectors are prefilled, disposable devices that are worn on the body of a patient during the subcutaneous administration of a large volume dose of medication. The market for wearable injectors is poised to experience rapid growth over the coming decade due to a convergence of market trends including accelerating pharmaceutical investment in biologics requiring large volume doses, and the shift of healthcare treatment from healthcare facilities to safe, simple and convenient self-injection by patients. According to the independent market research report Large Volume Wearable Injectors published by Roots Analysis in September 2014, it is estimated that the market for wearable injectors will generate up to $8 billion in sales by 2025, with 181 biologics across 14 disease areas identified for use with wearable injectors. The average selling price for a wearable injector is estimated to be on average between $25 and $35 per unit.
About Unilife Corporation
Unilife Corporation (NASDAQ: UNIS / ASX: UNS) is a U.S. based developer and commercial supplier of injectable drug delivery systems. Unilife’s portfolio of innovative, differentiated products includes prefilled syringes with automatic needle retraction, drug reconstitution delivery systems, auto-injectors, wearable injectors, ocular delivery systems and novel systems. Products within each platform are customizable to address specific customer, drug and patient requirements. Unilife’s global headquarters and manufacturing facilities are located in York, PA. For more information, visit www.unilife.com or download the Unilife IRapp on your iPhone, iPad or Android device.
General: UNIS-G
Forward-Looking Statements
This press release contains forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements. These forward-looking statements are based on management’s beliefs and assumptions and on information currently available to our management. Our management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results, events and developments to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in “Item 1A. Risk Factors” and elsewhere in our Annual Report on Form 10-K and those described from time to time in other reports which we file with the Securities and Exchange Commission.
Investor / PR Contacts (US): | Analyst Enquiries | Investor Contacts (Australia) |
Todd Fromer / Garth Russell | Leigh Salvo | Jeff Carter |
KCSA Strategic Communications | Westwicke Partners | Unilife Corporation |
P: + 1 212-682-6300 | P: + 1 415-513-1281 | P: + 61 2 8346 6500 |
(HJOE) Completes Successful Soft Product Launch
Git-R-Done Energy Finds Success in Soft Launch of Healthy Energy Drink
DENVER, CO–(Oct 6, 2014) – Hangover Joe’s Holding Corporation (OTCQB: HJOE) are the makers of “The Hangover Recovery Shot” and developers of an innovative state of the art proprietary “Git-R-Done Energy Shot” with Git-R-Done Productions, Inc. and Larry the Cable Guy. “The soft launch of ‘Git-R-Done Energy’ has been a success and we have learned quite a few very promising things,” said Matt Veal, CEO for Hangover Joe’s Inc.
“The soft launch of ‘Git-R-Done Energy’ and the relaunch of ‘The Hangover Recover Shot’ started around August 1st and continued to the end of the 3rd quarter, Sept 30th 2014. What we saw early on in stores is that the brand can hold its own when it is placed on counters and that the sell through around the country is very good. We have went into roughly 30 states and also many different demographics. Our best movement has been in high traffic c-stores. We refer to these as tier one stores as they pump gas and also serve food, etc. We also fared well in tier two stores that are more rural than urban with traffic not as high as tier 1 stores and may or may not have fuel. We’ve also even seen movement in tier 3 stores that are smaller, such as bodega type markets that don’t sell fuel. Over this short time period we’ve gained good data and have learned quite a bit. Most c-store owners and distributors have given us positive feedback that Git-R-Done Energy has excellent branding and seems to resonate well both with consumers and retailers.”
Michael Jaynes, co-founder and chairman of the board of HJOE added, “We’ve also done some sampling and a few free fills which was positive as we have compiled data during the soft launch. We will be showing our products this week at the NACS (National Association of Convenience Stores) show in Las Vegas in booth number 618 in the Candy section of the show. This will be the official launch of ‘Git-R-Done Energy’ and we are proud to showcase this exciting new product to convenience store owners, buyers and beverage distributors.”
Shawn Adamson, co-founder and head of marketing, stated, “I am very pleased at the data and what we have learned so far and we will be sharing this with buyers and distributors as well as the beverage media at the NACS show in Las Vegas this week. We really didn’t have any advertising out there besides our social media and our partner Larry the Cable Guy blasting the introduction of the new product out to the millions of fans in the Git-R-Done army, so the positive data we’ve learned tells us we have a winner with this healthy energy drink. As we put it on more and more counters even with limited marketing and advertising we still saw promising sell through. We also supplied Git-R-Done Energy to over 100 stores across Canada and it sold very well in Canada. We have a large Canadian distributor who at the end of the month will show it in Calgary at their version of the NACS show. Our Canadian distributor has informed us that large chains in Canada have already shown interest to bring the brand in nationwide in 2015, so we will be launching in Canada after the first or the year. It’s exciting to get our Git-R-Done Energy brand moving and to also get the Hangover Recovery shot relaunched. We also want to report that we will have advertising hitting in 2 of the nation’s largest beverage magazines and c-store magazines over the next three months to expose us to more and more store owners and distributors where they can learn about our brand. It is our belief that our brands are only going to continue to grow and so is the company. We have plans to do more productions runs in the near future for both Git-R-Done Energy and The Hangover Recovery Shot as soon as the NACS show is over and we have good projections for the fall and first quarter of 2015. We have a lot of hard work ahead of us and we are going to continue to do more marketing and trade shows and advertising as we launch the brand on a much larger scale going forward. Our company has fought hard to overcome things that were beyond our control, and though we knew it wouldn’t be easy to do, we are achieving what needs to be done to move the company forward. We want to reach out to the believers, shareholders, investors, distributors, brokers, sales reps and to our partner Larry the Cable Guy and thank each of you for your support and belief. We are going to Git-R-Done for HJOE one store at a time, one counter at a time, and one customer at a time. Rome wasn’t built in a day and we know we have a lot more hard work to do to see this company rise to its full potential. We look forward to the hard work in front of us and fully intend to Git-R-Done.”
About Hangover Joe’s Holding Corporation
Hangover Joe’s is the exclusive producer of “The Hangover” Recovery Shot, and one of the nation’s top selling anti-hangover recover drink & hangover recovery shot. Git-R-Done-Energy is an officially licensed product of Git-R-Done Productions, Inc and Larry the Cable Guy and is a healthy energy drink. Visit our website at www.GitRDoneEnergy.com and www.hangoverjoes.com https://www.facebook.com/GitRDoneEnergy https://www.facebook.com/hangoverrecovery and on twitter @GitRDoneEnergy. @TheHangoverShot
On July 25, 2012, Hangover Joe’s became a publicly traded company and is trading on the OTCBB as HJOE. For more information, visit www.hangoverjoes.com, or check us out on Facebook and YouTube.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements.” Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the Company’s expectations regarding the development of marketing and sales relations nationally. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with developing new products and operating as a development stage company, our ability to raise the additional funding we will need to continue to pursue our business and product development plans, competition in the industry in which we operate and market conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents we file with the SEC, available at www.sec.gov.
CONTACT:
Hangover Joe’s Inc
info@hangoverjoes.com
Ph. 501-553-3796
(NXHD) Revenue of $2.3M and $1.3M for Six and Three Months Ended June 30
SALT LAKE CITY, UT–(Oct 6, 2014) – Nexia Holdings, Inc. (PINKSHEETS: NXHD), parent company of Green Endeavors, Inc. (PINKSHEETS: GRNE), has filed with OTCMarkets its quarterly report for the three and six months ended June 30, 2014 and 2013. Nexia is reporting revenue of $1,313,854 in the second quarter of 2014, an increase of $198,412 or 17.8% over the second quarter of 2013. For the six months ended June 30, 2014, revenue was reported to be $2,323,520, an increase of $79,133 or 3.5% over the first six months of 2013.
The report also includes the following information:
- Net income for the quarter was reported at $149,121 which included $204,200 of debt forgiveness. For the six months ended June 30, 2014, net income was $1,066,334; up from a loss of $157,834 for the comparable period in 2013.
- Working capital deficit as of June 30, 2014 was reported at $2,332,373 which is an improvement of $355,160 or 13.2% from December 31, 2013.
- The revenue numbers reflect the continuing performance of the Landis Lifestyle Salons that operate under Green Endeavors, Inc.
- The Company’s holdings in the entertainment industry, including the events held during the first quarter by Lantern Fest http://www.thelanternfest.com and the third quarter by Slide the City™ http://www.slidethecity.com, show great promise for additional events over the next 15 months.
- Film related revenue for the quarter was $384,426 reflecting the growing presence of this segment for the Company’s overall operations. For the six months ended June 30, 2014 film related revenue was $472,279 compared to $436,725 for the same period in 2013, a $35,554 increase.
Richard Surber, CEO of Nexia Holdings, Inc., stated, “I am very pleased with the progress Nexia is making. The reality is that we are finally in a place to make some serious progress. I believe that over the next 12 months my team will radically improve Nexia. I am feeling more optimistic about the future than I ever have. It is probable that we will as much as double the top line revenues by the end of 2015. I also expect a radical transformation of the balance sheet to include a substantial reduction in debt.”
About Nexia Holdings, Inc.
Nexia Holdings, Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in entertainment, health & beauty, and real estate. Nexia owns a majority interest in Green Endeavors, Inc. (PINKSHEETS: GRNE), www.green-endeavors.com, which operates Landis Salons, Inc., Landis Salons II, Inc., and Landis Experience Center, LLC, www.landissalon.com, hair salons and hair product retail outlets built around the world-class AVEDA™ product line. Through WG Productions Company and Redline Entertainment, Inc., Nexia produces and distributes independent films for its own account and third parties. Learn more at www.nexiaholdings.com.
Nexia strongly encourages the public to read the above information in conjunction with its reports filed at www.otcmarkets.com. Nexia will require a significant influx of capital in order to effectively execute upon its various operational plans. The actual results that Nexia may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Investors should not invest more than they can afford to lose in penny stocks.
(MNGG) Finalizes Sale of PureSpectrum (PSRU)
WICKENBURG, AZ–(Oct 6, 2014) – Mining Global, Inc. (PINKSHEETS: MNGG) announced today that it has successfully finalized the sale of PureSpectrum, Inc. (PINKSHEETS: PSRU) to Ravenswood Import Export, LLC.
“The sale of PureSpectrum, Inc. not only brings in additional revenue to Mining Global Inc. but also allows us to stay focused on the objectives laid out plainly in our mission statement,” said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. “We wish them the best in their upcoming business transactions and I am convinced that PureSpectrum, Inc. has bright future ahead.”
Disclosures can be found on the Company’s online disclosure portal at: http://www.otcmarkets.com/stock/MMNG/filings
About Mining Global Inc.
Mining Global’s objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Mining Global’s management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.
Forward-looking statements:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Investor Relations
Mining Global, Inc.
660 Via Corte, Suite B
Wickenburg, AZ 85390
Website: http://miningglobalinc.com/
Phone: 928-232-0478
Email: Email Contact
(PMMEF) 5.23 G/T over 112.8 Metres at the Friday Deposit, Idaho
Including 34.22 G/T Gold Over 6.6 Metres
Vancouver, BC / October 6, 2014 – Premium Exploration Inc. (TSX-V: PEM; OTC Pink Current: PMMEF) (“Premium” or the “Company”) announces that a total of fifteen holes were drilled into the high grade section of the Friday deposit in early 2014 and with this press release, all results from the drill program will have been reported. Three holes of the fifteen holes targeted the gold zone located at roughly two hundred meters depth and twelve holes targeted a shallower gold zone at roughly 40-100 meters in depth. Previous press releases detailed the results from seven of the holes. The deposit remains open in all directions for continued expansion, assay work was performed by ALS Chemex in Elko and Reno, NV.
The results of the eight holes released today targeted the shallow high grade ore zone at Friday and the results are outstanding. Very high grade gold zones were found in drill holes PFR2014_6_8_10 with drill holes PFR2014_5_9_11_12_13 continuing to prove out the continuity of the mineralization.
Commented John Ryan, CEO of the Company, “These drill hole results continue to validate our previous concepts on continuity and potential of the Friday ore deposit with these spectacular assay results. We are now even more convinced of the early production potential of the Friday high grade zone. High grade gold zones less than 40 meters below the surface have been found in this drilling which we believe can be reached with very minor capital cost. The plan remains to develop this high grade as an underground mine and direct-ship the ore to an existing regional processing facility. Furthermore, the long intervals of exceptional open pit, ore grade mineralization reported in this current drilling continues to validate the future open pit potential of the Friday.”
Highlights of PFR2014-5:
1.07 g/t gold over 128.1 meters including;
- -3.47 g/t gold over 4.5 meters-2.07 g/t gold over 8.5 meters-3.83 g/t gold over 5.0 meters
Highlights of PFR2014-6:
5.23 g/t gold over 112.8 meters including;
- -9.55 g/t gold over 5.3 meters-9.24 g/t gold over 1.8 meters-22.90 g/t gold over 0.8 meters
-34.22 g/t gold over 6.6 meters
-26.54 g/t gold over 5.3 meters
Highlights of PFR2014-8:
2.10 g/t gold over 98.3 meters including;
- -6.82 g/t gold over 2.3 meters-3.96 g/t gold over 1.5 meters-12.35 g/t gold over 0.8 meters
-12.12 g/t gold over 3.1 meters
-26.94 g/t gold over 1.5 meters
-11.99 g/t gold over 1.5 meters
-2.25 g/t gold over 1.8 meters
Highlights of PFR2014-9:
1.36 g/t gold over 92.36 meters including;
- -4.43 g/t gold over 6.5 meters-4.91 g/t gold over 1.8 meters-3.97 g/t gold over 1.8 meters
-2.32 g/t gold over 1.1 meters
-2.95 g/t gold over 2.7 meters
-2.04 g/t gold over 2.7 meters
Highlights of PFR2014-10:
2.43 g/t gold over 96.2 meters including;
- -17.53 g/t gold over 2.3 meters-11.51 g/t gold over 0.8 meters-28.73 g/t gold over 3.1 meters
-5.09 g/t gold over 2.0 meters
-2.31 g/t gold over 4.6 meters
Highlights of PFR2014-11:
0.94 g/t gold over 72.7 meters including;
- -2.69 g/t gold over 4.5 meters-3.18 g/t gold over 4.3 meters-1.68 g/t gold over 2.3 meters
Highlights of PFR2014-12:
0.48 g/t gold over 113.2 meters including;
- -2.10 g/t gold over 2.7 meters-5.64 g/t gold over 1.5 meters-1.90 g/t gold over 1.5 meters
Highlights of PFR2014-13:
1.05 g/t gold over 86.3 meters including;
- -5.54 g/t gold over 3.1 meters-9.47 g/t gold over 1.5 meters-2.41 g/t gold over 2.6 meters
-1.42 g/t gold over 2.29 meters
-1.38 g/t gold over 3.81 meters
Drill Hole | Zone | From (m) | To (m) | Interval (m) | Au g/t |
PFR2014_5 | Friday | 18.90 | 147.01 | 128.11 | 1.07 |
Including | Friday | 28.98 | 33.52 | 4.54 | 3.47 |
Friday | 55.36 | 64.89 | 8.53 | 2.07 | |
Friday | 58.22 | 59.74 | 1.52 | 3.83 | |
PFR2014_6 | Friday | 24.38 | 137.16 | 112.78 | 5.22 |
Including | Friday | 39.62 | 44.69 | 5.33 | 9.55 |
Friday | 57.61 | 59.44 | 1.83 | 1.83 | |
Friday | 64.31 | 65.08 | 0.76 | 22.90 | |
Friday | 114.00 | 120.55 | 6.55 | 34.22 | |
Friday | 131.86 | 137.16 | 5.30 | 26.54 | |
PFR2014_8 | Friday | 20.42 | 121.01 | 98.30 | 2.10 |
Including | Friday | 40.84 | 42.37 | 2.29 | 6.82 |
Friday | 47.28 | 48.77 | 1.49 | 3.96 | |
Friday | 52.58 | 53.34 | 0.76 | 12.35 | |
Friday | 54.10 | 57.15 | 3.05 | 12.12 | |
Friday | 60.96 | 62.48 | 1.52 | 26.94 | |
Friday | 80.01 | 81.53 | 1.52 | 11.99 | |
Friday | 119.18 | 121.01 | 1.83 | 2.25 | |
PFR2014_9 | Friday | 29.97 | 121.92 | 92.36 | 1.36 |
Including | Friday | 32.55 | 39.01 | 6.46 | 4.43 |
Friday | 43.89 | 45.72 | 1.83 | 4.91 | |
Friday | 48.46 | 50.29 | 1.83 | 3.97 | |
Friday | 54.71 | 55.78 | 1.07 | 2.32 | |
Friday | 61.88 | 64.62 | 2.74 | 2.95 | |
Friday | 118.57 | 121.31 | 2.74 | 2.04 | |
PFR2014_10 | Friday | 25.73 | 121.92 | 96.20 | 2.43 |
Including | Friday | 34.90 | 37.19 | 2.29 | 17.53 |
Friday | 37.95 | 38.71 | 0.76 | 11.15 | |
Friday | 41.76 | 44.81 | 3.05 | 28.73 | |
Friday | 47.58 | 49.90 | 2.04 | 5.09 | |
Friday | 52.12 | 56.69 | 4.57 | 2.31 | |
PFR2014_11 | Friday | 49.23 | 121.92 | 72.70 | 0.94 |
Including | Friday | 50.96 | 55.47 | 4.51 | 2.69 |
Friday | 57.76 | 62.03 | 4.27 | 3.18 | |
Friday | 97.38 | 99.67 | 2.29 | 1.68 | |
PFR2014_12 | Friday | 0 | 152.40 | 113.23 | 0.48 |
Including | Friday | 46.18 | 48.92 | 2.74 | 2.10 |
Friday | 108.21 | 109.73 | 1.52 | 5.64 | |
Friday | 141.28 | 142.80 | 1.52 | 1.90 | |
PFR2014_13 | Friday | 13.72 | 99.98 | 86.26 | 1.05 |
Including | Friday | 15.54 | 18.59 | 3.05 | 5.54 |
Friday | 24.38 | 25.91 | 1.52 | 9.47 | |
Friday | 28.96 | 31.55 | 2.59 | 2.41 | |
Friday | 76.66 | 78.94 | 2.29 | 1.42 | |
Friday | 80.47 | 84.28 | 3.81 | 1.38 |
Note:
- -The gold grade calculation is a weighted mean with no top cut, and no bottom cut. The grade calculation includes internal waste and low grade sections.-True Widths are estimated to be between 65% and 75% of the drilled interval.
The recent drilling program was completed to support a preliminary economic study of the high grade portions within the Friday deposit and is designed to extend the high grade mineralization found in drill holes detailed in previous press releases. The drilling will support a Preliminary Economic Assessment which will be completed by an outside third party consultant upon further funding. The PEA will focus on the feasibility of developing and mining the high grade underground gold resources which are present at the Friday deposit and direct-shipping the mineralization to a regional milling and processing facility.
Quality Assurance
The Company has implemented a rigorous QA/QC program using best industry practices at the Friday- Petsite Property. The program includes security of samples, and drill core sawn in half and shipped in sealed bags, blind duplicates, blank samples and certified standards are inserted into the sample stream. The samples are then boxed and freighted to ALS Chemex Labs in Elko, NV a lab certified for the provision of assays and geochemical analyses (ISO 9001:2008). Samples with gold values greater than 10 g/t were re-analyzed via the metallic screen procedure. Samples with visible gold were also analyzed initially using the metallic screen analysis, as were the samples immediately preceding and following the sample with visible gold.
Qualified Person
The 2013-14 exploration program is directed by James Baughman, Chief Geologist of Premium Exploration, Inc., who is a Qualified Person as defined by NI 43-101. Mr. Baughman prepared and approves of the content of this release.
About Premium Exploration Inc.
The Company’s purpose is to efficiently and economically advance their district sized Idaho Gold Project. The Idaho Gold project contains three known deposits. The Friday deposit has an NI 43-101 compliant resource of:
Indicated: 647,000 Au (20.1 MT @ 1.0 g/t Au with 0.45 g/t cut-off)
Inferred: 590,000 Au (20.9 MT @ 0.88 g/t Au with 0.45 g/t cut-off)
The Deadwood deposit and the Buffalo Gulch oxide deposit both have small historical gold resources and both are expandable. Premium Exploration has commenced a preliminary economic study envisioning underground mining of a high grade portion of the Friday deposit.
For More Information Please Contact:
Mr. John Ryan | President & CEO Phone: (604) 682-0243Cell: (843) 290-8930 Fax: (604) 682-2499 E: jryan@premiumexploration.com |
This press release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time under the Company’s profile on www.sedar.com in accordance with the policies and requirements of the TSX Venture Exchange and applicable securities law. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There are no assurances that the Company can fulfill such Forward-Looking Statements and the Company undertakes no obligation to update such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
(MNLIF) Announces Grant of Options
Toronto, Ontario–(October 6, 2014) – ChroMedX Corp. (CSE: CHX) (OTC: MNLIF) (the “Company“) announces that it has granted an aggregate of 600,000 options to purchase common shares of the Company exercisable at a price of $0.18 per share and expiring on October 6, 2017, to certain consultants of the Company. The consultants concerned bring expertise to the Company in several key areas. These include the electrochemical and spectroscopic technologies incorporated in the Company’s HemoPalm blood analysis system, as well as industry expertise in both the North American and European markets. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.
Recent Activities
On September 22, 2014 ChroMedX Corp. announced the close of an oversubscribed private placement for gross proceeds of CDN$614,500 to advance the development of its patented HemoPalm handheld device & cartridge technology.
About ChroMedX Corp.
ChroMedX Corp. is a medical technology company focused on the development of novel medical devices for in vitro diagnostics and point-of-care testing. The devices are protected by the Company’s issued US and pending international patents, dealing with blood collection, analysis and plasma/serum processing.
Follow ChroMedX Corp.:
Website: www.chromedx.com
Facebook: facebook.com/chromedxcorp
Twitter: www.twitter.com/Chromedxcorp
Contact
Wayne Maddever
President, CEO & Director
647-872-9982
W. Clark Kent
Corporate Development
647-519-2646
ckent@chromedx.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.
The security symbol, MNLIF, is part of the OTC Grey Market, where Monarch does not provide any reports and has no obligation to do so. There are no market makers under this symbol of this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor’s bids and offers are not collected in a central spot so market transparency is diminished and best execution of orders is difficult.
(RMTI) Exclusive Long-Term Agreement With Baxter Over Hemodialysis Concentrates
Rockwell Receives $20MM Upfront Cash; $15MM Equity Investment; $10MM in Milestone Payments Tied to Manufacturing Expansion
WIXOM, Mich., Oct. 3, 2014 — Rockwell Medical, Inc. (Nasdaq:RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis, announced today that it has signed an exclusive agreement with Baxter Healthcare Corporation, a subsidiary of Baxter International Inc. (NYSE:BAX), to commercialize Rockwell’s hemodialysis concentrate product line in the U.S. and in select overseas markets.
Under the terms of the agreement, Baxter will become the exclusive distributor of Rockwell’s hemodialysis concentrate and ancillary products in the U.S. and selected foreign countries for an initial term of 10 years. Baxter can extend the agreement for two additional 5-year terms upon meeting certain sales targets, coupled with a $7.5 million payment related to the first extension. Baxter will purchase products from Rockwell at a pre-determined gross margin-based price per unit and is required to meet minimum annual purchase levels in order to retain their exclusive rights. Baxter will leverage Rockwell’s unique distribution operations in order to provide specialized customer and delivery service for concentrates, covering Rockwell’s costs for these services. Rockwell will retain sales, marketing and distribution rights for its hemodialysis concentrate products in certain foreign countries in which it has an established commercial presence.
In consideration for the exclusive commercialization rights, Baxter will pay Rockwell $20 million in cash. Baxter will also purchase $15 million of Rockwell common stock. The investment in Rockwell shares is being made at a price per share equal to the average closing price of RMTI shares over the last 12 months (or $11.39 per share). Rockwell is eligible for milestone payments totaling $10 million related to the expansion of its manufacturing capabilities to serve customers across the U.S.
“This long-term, strategic supply and distribution agreement enables Rockwell to expand and accelerate our hemodialysis concentrate business, while we continue to strategically build our drug pharma business in the U.S. and globally,” stated Robert L. Chioini, Founder, Chairman and CEO of Rockwell. “We are excited to be partnering with Baxter, a global market leader who has a proven track record in the field of dialysis and renal products. This agreement benefits dialysis patients and service providers by expanding access to our market leading products in new territories, while reducing future risk.”
Jill Schaaf, Corporate Vice President and President of Baxter’s Renal business, added, “Baxter remains committed to addressing the needs of patients and healthcare providers with a comprehensive range of therapeutic options across home, in-center and hospital settings. This partnership enhances Baxter’s product portfolio with the addition of Rockwell’s high-quality hemodialysis concentrate products.”
Conference Call Information
Rockwell Medical will be hosting a conference call to discuss the agreement on Friday, October 3, 2014 at 8:30am ET. Investors are encouraged to call a few minutes in advance at (877) 383-7438, or for international callers (678) 894-3975, passcode # 14838823 or to listen to the call via webcast at the Rockwell Medical IR web page: http://ir.rockwellmed.com/
About Rockwell Medical
Rockwell Medical is a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis.
Rockwell’s lead investigational drug Triferic is currently under NDA review by the FDA for the treatment of iron replacement/maintenance in dialysis patients, with a PDUFA date of January 24, 2015. Triferic delivers iron to the bone marrow of dialysis patients in a non-invasive, physiologic manner during their regular dialysis treatment, using dialysate as the delivery mechanism. In completed clinical trials to date, Triferic has demonstrated that it may safely and effectively deliver sufficient iron to the bone marrow, maintain hemoglobin and not increase iron stores (ferritin), while significantly reducing ESA dose. Triferic has successfully completed the efficacy trials of its Phase 3 clinical study program (CRUISE-1 and CRUISE-2).
Rockwell is preparing to launch its FDA approved generic drug Calcitriol, to treat secondary hyperparathyroidism in dialysis patients. Calcitriol (active vitamin D) injection is indicated in the management of hypocalcemia in patients undergoing chronic renal dialysis. It has been shown to significantly reduce elevated parathyroid hormone levels. Reduction of PTH has been shown to result in an improvement in renal osteodystrophy. Rockwell intends to market Calcitriol to hemodialysis patients in in the U.S. dialysis market.
Rockwell is also an established manufacturer and leader in delivering high-quality hemodialysis concentrates/dialysates to dialysis providers and distributors in the U.S. and abroad. As one of the two major suppliers in the U.S., Rockwell’s products are used to maintain human life by removing toxins and replacing critical nutrients in the dialysis patient’s bloodstream. Rockwell has three manufacturing/distribution facilities located in the U.S. and its operating infrastructure is a ready-made sales and distribution channel that is able to provide seamless integration into the commercial market for its drug product Calcitriol, and Triferic upon FDA market approval.
Rockwell’s exclusive renal drug therapies support disease management initiatives to improve the quality of life and care of dialysis patients and are intended to deliver safe and effective therapy, while decreasing drug administration costs and improving patient convenience. Rockwell Medical is developing a pipeline of drug therapies, including extensions of Triferic for indications outside of hemodialysis. Please visit www.rockwellmed.com for more information. For a demonstration of the Triferic unique mechanism of action in delivering iron via dialysate, please view the animation video at http://www.rockwellmed.com/collateral/documents/english-us/mode-of-action.html.
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, Rockwell’s intention to launch Calcitriol and Triferic following FDA approval. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan”, “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Rockwell Medical believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in Rockwell Medical’s SEC filings. Thus, actual results could be materially different. Rockwell Medical expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Triferic™ is a trademark of Rockwell Medical, Inc. / CitraPure® is a registered trademark of Rockwell Medical, Inc.
CONTACT: Michael Rice, Investor Relations; 646-597-6979
(BION) City Council of Perry, Florida Unanimously Approves to Continue Funding, $5M Balance
WEST PALM BEACH, FL–(Oct 3, 2014) – BioNitrogen Holdings Corp. (PINKSHEETS: BION), a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that the City Council of Perry in Taylor County unanimously agreed to continue funding the balance of its $5mm guarantee for the loan to BioNitrogen to be dispersed for costs related to the engineering, permitting and construction of the plant in Taylor County. The company continues to make progress toward the completion of the engineering and issuance of the EPC contract.
“The continued support from the City of Perry, the City Council Members, the City Manager, the Taylor County Development Authority and the Taylor County Board of County Commissioners is testament to BioNitrogen’s plan to construct a plant in Taylor County and the significant economic impact of manufacturing jobs in the local community,” said Carlos Contreras, Sr., Chairman and CEO.
About BioNitrogen Holdings Corp
BioNitrogen Holdings Corp. (PINKSHEETS: BION) is a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer. Our mission is to provide safe, cost effective, green solutions that are economically beneficial in locations where biomass is produced and urea is consumed. Additional information can be found at www.BioNitrogen.com.
Safe Harbor Statement
The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company’s operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company’s expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
CONTACT:
Adam Friedman
Email Contact
(917) 675-6250
(RSH) Announces Milestone In Recapitalization Process
Investors Acquire ABL Facility from GE Capital $120 Million Investment Expected to be Converted into Equity Rights Offering to Current Shareholders Planned at Conversion Price
FORT WORTH, Texas, Oct. 3, 2014 — RadioShack Corporation (NYSE: RSH) today announced that it has entered into definitive agreements to restructure a portion of its existing debt, providing additional near-term liquidity and serving as a first step in a stronger foundation for the Company’s continued business transformation.
Standard General LP and certain other investors have replaced GE Capital as lead lender under RadioShack’s senior secured asset based credit facility (“ABL Facility”) which will allow immediate access to additional liquidity. Other investors, including RadioShack shareholders Standard General and Litespeed Management LLC, are providing $120 million to be used to cash collateralize letters of credit for the Company. In the coming months, this $120 million is expected to be converted into equity. Current shareholders will have the opportunity to participate in a rights offering at same conversion price.
“We are pleased to complete this important step, which we believe positions us to continue to progress our operational turnaround,” said Joe Magnacca, RadioShack’s chief executive officer. “We recognize that we will need to address constraints under our existing term loan in order to undertake a store base consolidation program and pursue other measures to reduce our cost structure. This amended ABL Facility provides time to pursue a longer-term restructuring. To that end, we are in constructive discussions with our term lenders, led by Salus Capital, toward additional steps to recapitalize RadioShack.
“We look forward to continuing to serve our customers with differentiated products and an upgraded shopping experience as we move into the Holiday season.”
Today’s agreements include two key elements:
- ABL Facility – Standard General and certain other investors have acquired the loans and agreed to changes affecting the credit availability under RadioShack’s existing ABL Facility. As a result, RadioShack believes that it will have sufficient credit capacity under the ABL Facility to fund its inventory build for the Holiday season. Because borrowing availability under the amended ABL Facility changes in March 2015, the Company expects to seek to refinance the facility by that time. In addition, the amended ABL Facility will be required to be refinanced if the rights offering described below is not completed by March 15, 2015.
- New equity – The $120 million investment is expected to be converted into equity securities representing (together with related fees payable in equity securities) not less than 50% of the Company’s outstanding equity securities upon satisfaction of certain conditions. These conditions include the modification of a supplier contract, at least $100 million of available cash and borrowing capacity at January 15, 2015, development of a fiscal 2016 plan satisfying certain requirements and the completion of a rights offering to existing RadioShack shareholders to purchase equity securities at a price of $0.40 per common share equivalent.
The percentage of equity securities that Standard General and other investors will own as a result of this transaction will depend upon the level of participation, if any, of existing shareholders in the rights offering. If no shares were purchased in the rights offering, existing shareholders would own 20% of RadioShack’s equity securities. The voting rights of any person or group acquiring equity securities in the transaction would be limited to 34.9% of the total voting power of the Company’s voting stock so long as greater voting power would accelerate Company debt.
If the $120 million investment is converted into equity, the Board will be reconstituted to consist of the Company’s CEO, two independent directors selected by RadioShack and four individuals nominated by Standard General. The new directors must be approved by the Company’s corporate governance committee. At least two of these directors must be independent.
RadioShack intends to initiate the rights offering late this year or in early 2015. There can be no assurance that the rights offering will be completed or that the other conditions to the equity conversion will be satisfied, nor can the Company be certain that it will be able to refinance borrowings under the amended ABL Facility by March 2015.
NYSE EXEMPTION
The stock issuances described above would normally require approval of RadioShack’s shareholders pursuant to the Shareholder Approval Policy of the New York Stock Exchange (the “Exchange”). The audit and compliance committee of RadioShack’s Board of Directors determined that the delay that would result from securing shareholder approval prior to the completion of these stock issuances would seriously jeopardize the financial viability of RadioShack. Because of that determination, the audit and compliance committee, pursuant to an exception provided in the Exchange’s shareholder approval policy, expressly approved RadioShack’s omission to seek the shareholder approval that would otherwise have been required under that policy. The Exchange has accepted the Company’s application of the exception.
In conjunction with the rights offering, RadioShack intends to initially issue equity securities that would be convertible, subject to the satisfaction of all applicable conditions, into at least 400 million shares (and up to 700 million shares) of common stock. In reliance on the Exchange’s shareholder approval exception, RadioShack will notify its shareholders of its intention to issue the shares without seeking their approval at least ten days prior to the issuance of the shares.
CERTAIN LEGAL MATTERS
The securities to be offered in the rights offering will be offered pursuant to a registration statement to be filed with the SEC and a related prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of, such shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
This press release does not set forth all of the terms and conditions of the issuances of shares and other transactions contemplated by the recapitalization agreements described above. The material contracts relating to these matters will be filed by the Company with the SEC.
This press release contains information about a pending transaction, and there can be no assurance that this transaction will be completed.
ADVISORS
RadioShack’s financial advisor is Peter J. Solomon Company and its legal counsel is Jones Day. Lazard Feres and Co. is acting as the financial advisor to RadioShack’s Board of Directors. Debevoise & Plimpton LLP is legal counsel to Standard General. Blank Rome LLP advised investors of the ABL Facility.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements, as referenced in the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect management’s current views and projections regarding economic conditions, the retail industry environment and RadioShack’s performance. These statements can be identified by the fact that they include words like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “guidance,” “plan,” “outlook” and other words with similar meaning. We specifically disclaim any duty to update any of the information set forth in this press release, including any forward-looking statements. These statements involve a number of risks and uncertainties that could cause our actual results to differ materially from the results discussed in our forward-looking statements, including the risk that the transactions described herein may not be consummated, including a failure to satisfy each of the conditions to the conversion of the $120 million investment into equity securities of the Company, the refinancing of the amended ABL Facility, the completion of the rights offering and the continued availability of working capital financing. The failure to complete these transactions would have a material adverse effect on RadioShack’s liquidity and financial viability. Additional factors that could cause our actual results to differ materially from the results discussed in our forward-looking statements include, but are not limited to, our ability to execute and the effectiveness of our initiatives, including our strategic turnaround plan and our proposed store closure program; the underperformance or loss of certain of our important vendors, such as our wireless carrier providers, or breaches by them of our agreements with them; difficulties associated with our transition to an outsourced arrangement for the production of products we previously manufactured at our Chinese manufacturing plant; an adverse impact on our sales or profitability due to our transition to such an outsourced arrangement; an adverse impact on our sales or profitability due to changes wireless carrier providers make to their customer credit requirements, frequency of upgrade eligibility, or other operational matters, and the timing, completeness and accuracy of information we receive about such changes; a decline in our gross margin due to customer demand for lower margin mobile devices, such as smartphones and tablets; overall sales performance; economic conditions; product demand; expense levels; competitive activity; interest rates; changes in RadioShack’s financial condition; availability of products and services and other risks associated with RadioShack’s vendors and service providers; the regulatory environment; and other factors affecting the retail category in general. Additional information regarding these and other factors is included in RadioShack’s filings with the SEC, including its most recent Annual Report on Form 10-K for the year ended Dec. 31, 2013.
ABOUT RADIOSHACK CORPORATION
RadioShack (NYSE: RSH) is a leading retailer focused on connecting customers with personalized solutions and discovering what’s possible through the latest in consumer technology. The company’s updated product assortment incorporates national brands, industry-leading private brand products and in-demand mobile devices from a wide selection of wireless carriers. Customers can shop top brands in headphones and speakers, wearable technology, smart toys and DIY supplies, connected home, power accessories and home entertainment at www.radioshack.com or in store. RadioShack’s global retail network includes more than 4,300 company-operated stores in the United States and Mexico and more than 1,200 dealer franchise stores in 25 countries. RadioShack employs approximately 27,000 knowledgeable associates globally to help customers find their technology solutions. For more information on RadioShack Corporation, please visit www.radioshackcorporation.com. RadioShack® is a registered trademark licensed by RadioShack Corporation.
Analysts and Investors Contact: Investor Relations, +1-817-415-3400,
Investor.Relations@RadioShack.com,
or
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(BKRL) Plans to Acquire Bank Reale
BEO Bancorp (OTCBB:BEOB) and its subsidiary, Bank of Eastern Oregon, announced today that they have entered into a definitive agreement to acquire Bank Reale (OTCBB:BKRL). The combined banking operation will have about 120 employees with total assets of nearly $350 million.
Jeff Bailey, President and CEO for Bank of Eastern Oregon, referred to the common philosophies shared by BEO and Bank Reale: “Our goal is to expand upon and execute the original vision of Bank Reale’s founders: To provide unequaled customer service and serve the banking needs of the local Pasco community as well as the outlying rural areas of the Columbia Basin. Bank of Eastern Oregon has served rural eastern Oregon for nearly 70 years and we are excited to expand our footprint and bring our style of banking to the region. Bank Reale has a talented group of employees that we look forward to bringing into our banking family.”
Bank of Eastern Oregon, based in Heppner, Oregon, was founded in 1945 as Gilliam County Bank in Arlington, Oregon. Since that time, the bank has expanded to 12 branches and five loan production offices located in 11 eastern Oregon counties. The bank was founded by farmers and ranchers and views agricultural lending as key to its historical, as well as future, success.
Fred Zack, Interim President and CFO for Bank Reale, said, “Both institutions have similar cultures and philosophies when it comes to customer service and to the employees who make great customer service happen. The consolidation of Bank Reale into Bank of Eastern Oregon is a natural fit for both in other ways as well. We will now have access to their financial resources and added services for our existing and future customers, and they now have a platform for long-term growth in the Tri-Cities and the Columbia Basin in harmony with their core belief in supporting the communities and customers they serve.”
“The banking world has seen significant changes over the past five years in terms of consolidation and economies of scale. The acquisition of Bank Reale provides Bank of Eastern Oregon an excellent access to Pasco and rural southeastern Washington,” said Bailey.
The transaction is expected to close during first quarter 2015, following approval by Bank Reale shareholders and final regulatory approval. The terms of the transaction are not being disclosed but involve a combination of cash and stock. Upon closing of the acquisition, the Pasco facility will operate as a branch of Bank of Eastern Oregon, doing business as Bank of Eastern Washington. Commerce Street Capital, L.L.C., and LC Financial Advisors, L.L.C., served as financial advisors to Bank of Eastern Oregon. McAdams Wright Ragen, Inc. served as financial advisor to Bank Reale.
About BEO Bancorp
BEO Bancorp is the holding company for Bank of Eastern Oregon, which operates 12 branches and five loan production offices in 11 eastern Oregon counties. Branches are located in Arlington, Ione, Heppner, Condon, Irrigon, Boardman, Burns, John Day, Prairie City, Fossil, Moro, and Enterprise; loan production offices are located in Hermiston, Ontario, Island City, Pendleton, and Lakeview. Bank of Eastern Oregon also operates a mortgage division. The bank’s website is www.beobank.com.
(AVOT) Upgrades to OTC Pink Current Information Tier
LAS VEGAS, NV / October 3, 2014 / American Video Teleconferencing Corp. (PINKSHEETS:AVOT) announced today that it has moved up to OTC Pink Current Information Tier on OTC Markets (www.otcmarkets.com) after filing material company information and recent financials toward overall transparency, accessibility and market integrity.
“In addition to being very pleased to have reached the highest tier in the OTC Pink Markets” said Kenneth Bosket, President of American Video Teleconferencing Corp. “We are looking forward to continuing our enhanced transparency with shareholders”
American Video Teleconferencing Corp., (OTCPink:AVOT) most recent communication with OTC Markets Issuer Services stated; “We have finished processing your disclosure, attorney letter, and attorney letter agreement for the period ending June 30, 2014 and December 31, 2012/2013. Your company will be moved to the OTC Pink Current Information tier before the next market open”.
About American Video Teleconferencing Corp.
American Video Teleconferencing Corp., has two (2) sub-company operations known as, Roxzu and AVOtube. Roxzu is developing into a voucher/coupon distribution mobile app accessible by smart phones, iPhones, androids and computers online, as well as being an online national business directory. AVOtube www.avotube.com is a video-sharing hosting service that allows user to upload videos to share for exposure, branding, marketing and advertising. For more information visit: www.avotconf.com.
Forward Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the most recent fiscal year and quarterly reports, as well as other periodic reports filed from time-to-time.
Contact:
Kenneth Bosket, President
702 998-3490
ken@avotconf.com
(MMMW) Frankenstein Solar Power Monster To Cut Cost of Solar Energy Over 20 Percent
WORCESTER, Mass. / October 03, 2014 / Mass Megawatts Wind Power, Inc. (OTCQB: MMMW) reports it will introduce to the world the Frankenstein Solar Power Monster, a new solar power tracking system on October 27. Mass Megawatts has significantly reduced the cost of solar energy with its patent-pending, Solar Power Tracking System (STS) through the use of an advanced design with fewer electrical components and moving parts. With near-zero dynamic and static load requirements, the solar-tracker avoids most of the torque requiring costly components. It reduces the need for large drivetrains and motors that traditional systems utilize.
The STS provides an efficient way to maximize the generation of solar power and gives Mass Megawatts a distinct cost advantage in the solar power industry. Product and sales inquiries have continued to indicate strong demand for the STS, and commercial production is anticipated to being in the next few months.
The Mass Megawatts STS is a complete solar-power system designed to automatically adjust the position of its solar panels throughout the day to receive an optimal level of direct sunlight. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while improving energy production levels up to 28%.
Starting at 6.25 kW rated units, a Mass Megawatts STS system is appropriate for ground-level, residential and business sites, as well as, commercial, roof-top installations. Mass Megawatts coordinates all aspects of system delivery, including permitting, installation, and working to obtain any available tax incentives. They monitor the performance of each system, and provide a full, performance guarantee.
With its patent pending, Solar Tracking System, Wind Electric-Power Generation system, a new retail sales business, only approximately 50 million shares issued and outstanding, and very little debt, Mass Megawatts believes it is well positioned to ramp-up production in the shorter term while expanding its infrastructure to support mass-production goals in the longer term.
This press release contains forward-looking statements that could be affected by risks and uncertainties. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power
Product information and sales inquiries can be made through the company’s contact page at
Contact Information:
Mass Megawatts Wind Power, Inc.
(508) 751-5432
(PVSP) Goes Virtual
WHITE PLAINS, N.Y., Oct. 3, 2014 — Pervasip Corp. (OTC Pink: PVSP) announced that it entered into an agreement to sell and license back its award-winning VoIP technology platform.
Pervasip’s Chief Executive Officer, Paul Riss, stated, “We have restructured our operations by selling a copy of the software we developed to one of our customers and exchanging fixed operating costs for variable costs, so that we can continue to be a mobile VoIP company without incurring expensive overhead. We plan to operate in the cloud, and keep our monthly recurring costs as low as possible.”
“We believe in the power of our cloud-based technology, but without having the financing that we needed to grow our customer base, it made more sense for us to extract value from our software to help us move forward,” continued Riss. “Instead of paying fixed salaries and fixed costs for collocation facilities and circuits, we are changing our business model, so that all our costs of providing mobile VoIP services, including technical support and customer service, are a percentage of our revenue dollar.”
Pervasip agreed to receive 40 million shares of common stock of Valuesetters, Inc. to complete this transaction. Pervasip continues to own its VoIP technology, but Valuesetters is also an owner and is operating the software and providing technical support and customer service for Pervasip.
About Pervasip
Pervasip delivers mobile VoIP and video telephone service anywhere in the world that has a stable broadband connection. In addition to international telephone numbers from 57 countries for mobile phone users, with unlimited inbound calling, it offers several international outbound calling plans, including some of the lowest rates to international mobile phones.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
FOR FURTHER INFORMATION:
AT PERVASIP:
Paul H. Riss
Chief Executive Officer
Ph: 914-750-9339
phriss@pervasip.com
(WFMC) & P2Pxtreme Sign 22 million contract with Digital taxi Tops LLC
Park Ridge, IL / Ocotber 02, 2014 / Woodman Holdings “Wham Inc” and P2P are excited to announce that P2P has formally finalized and successfully consummated the 5-year contract with Digital Taxi Tops, LLC. (an Ad-Technology division of BELL TRANS, Inc.), valued at the minimum of $22M including a royalty-type residual revenue stream per vehicle per each month; successfully reaching another investment objective milestone outlined in its mission statement of the investment portfolio. With a minimum of two other major US Taxi Operators interested in coming on board, the overall value of the project, including all contractual residual-revenue components, is estimated to exceed $45M during its initial contract term of 5 years.
The mass production for the digital taxi top displays has begun at the factory in South Korea last week with the first shipment targeted to arrive – just in time for the Christmas Holiday rush in Las Vegas, Nevada.
S-1 Registration Filing:
Woodman Holdings is pleased to announce it has reach another milestone of moving forward in becoming a fully reporting registered SEC company by contracting the services of Securities Compliance Group, Ltd. (legal counsel) on September 18th, 2014.
The engagement agreement sets forth the terms and conditions of the attorney-client representation rights and responsibilities prepared by the Counsel. The objectives of the legal representation contemplated herein is to successfully provide the corporation with finance, securities and tax and legal services with regard to filing of a registration of the Client’s Securities on Form S-1 and capital financing of Client, as more particularly described in the proposal and agreement.
Upon completion of the Form S-1 registration and funding, Wham Inc. intends to seek a listing on a major exchange. Through this agreement, Wham Inc. continues to differentiate itself from the other companies listed on the OTC markets and gains it’s proper consideration that escalates it’s process of growth and development.
Forward-Looking Statement
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Contacts:
Wham Inc, Investors Relations Department
contact us via email at: investorrelations@whamcorp.us
or for all general inquiries
contact us via email at: info@whamcorp.us
(OREO) Cancels Majority of Its Stock
HOUSTON, Oct. 2, 2014 — American Liberty Petroleum Corp. (OTCBB:OREO) announces today that it will cancel over sixty three percent (63%) of the company’s outstanding Common Stock shares. Three major shareholders have signed an agreement to exchange stock certificates, owned by them and already submitted to the company’s CFO, for one million (1,000,000) Common Stock shares each – for a total of over sixty eight million (68,469,993) Common Stock shares being cancelled and three million (3,000,000) being issued.
“These shareholders, including the Chief Executive Officer prior to Mr. Rhodes, believe that our current management team and its plan focusing on enhancing shareholder value will bring major benefits to our shareholders,” said Steven M. Plumb, American Liberty Petroleum Corp.’s Chief Financial Officer. “With 107,389,051 Common Stock shares outstanding as of the filing of our last 10Q, we are cancelling over sixty three percent (63%) of the outstanding Common Stock shares.”
The previously disclosed letter of intent for acquisition of Avant Diagnostics Inc. contemplates a closing date by October 1st, 2014, based upon successful conclusion of due diligence, which is ongoing by both parties. The parties have signed an amended letter of intent providing for a later closing, October 31, after Avant Diagnostics Inc. submits a PCAOB audit to the company as part of the due diligence.
Shareholders should also note that Mr. Hunter M.A. Carr no longer has any position nor ownership in American Liberty Petroleum Corp. The Board of Directors accepted Mr. Carr’s resignation as Chairman on August 30, 2014.
About American Liberty Petroleum Corp.
American Liberty Petroleum Corp. (‘OREO’, http://americanlibertypetroleum.com/) is a fully reporting, development stage publicly traded company seeking acquisitions in the Gulf Coast oil & gas services business segment. OREO’s current management team, Robert C. Rhodes (CEO) and Steven M. Plumb (CFO), are actively involved in the search for acquisitions.
About Avant Diagnostics Inc.
Avant Diagnostics, Inc. (‘Avant’, http://avantdiagnostics.com) is a medical technology company based on the completion of the human genome sequencing project. Avant is developing specialized tests that are cutting edge in medical diagnostic testing and the OvaDx® Pre-Symptomatic Ovarian Cancer Screening Test is a leading breakthrough in commercializing these tests.
Genetic research is increasingly focused on identifying the variations of the specific genes in the genome. These variations are what define individual characteristics, including disease states or a statistical propensity for disease. The implications are far-reaching and impact not only the research community, but also the individual patients and the medical providers. Diagnostic tests that detect diseases very early in their progression will provide options for earlier treatments that may improve the patient’s quality of life and prognosis by delaying or preventing disease progression or even death. Medical providers will incur major cost savings by avoiding costly late stage disease treatments.
Safe Harbor
The statements in this press release that relate to American Liberty Petroleum Corp.’s expectations with regard to the future impact on American Liberty Petroleum Corp.’s results from new products and services in development, including any planned acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. American Liberty Petroleum Corp. undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in American Liberty Petroleum Corp.’s plans or expectations.
CONTACT: Investor Contact Robert C. Rhodes American Liberty Petroleum Corp. investors@americanlibertypetroleum.com Steven Scott or Gregg Linn Avant Diagnostics, Inc. investors@avantdiagnostics.com
(OMAG) Signs Multi-Billion Dollar Agreement With Oman
NEW YORK, Oct. 2, 2014 — Omagine, Inc. (OTCQB:OMAG) today announced that its 60% owned subsidiary, Omagine LLC has signed a Development Agreement (“DA”) with the Government of the Sultanate of Oman (“Oman”).
Omagine, Inc. (the “Company”) organized Omagine LLC under the laws of Oman to design, develop, own and operate a tourism and real-estate development project in Oman named the Omagine Project. The Omagine Project is estimated to cost approximately $2.5 billion to design, develop and construct.
The Omagine Project is planned to be an integration of cultural, entertainment and residential components, including: hotels, commercial buildings, retail establishments and more than two thousand residences to be developed for sale. It will be developed on one million square meters (245 acres) of beachfront land (the “Omagine Site”) facing the Gulf of Oman just west of the capital city of Muscat and approximately six miles from Muscat International Airport.
Omagine LLC owns the Omagine Project which, over the next several years, is projected to generate exceptional cash flow to the Company and the other Omagine LLC shareholders. The Company owns 60% of Omagine LLC.
The other Omagine LLC shareholders are:
i. the office of Royal Court Affairs (“RCA”), which owns 25%, and
ii. two subsidiaries of Consolidated Contractors International Company, SAL (“CCIC”), which collectively own 15%.
The Company, RCA and the two CCIC subsidiaries are parties to a legally binding Shareholder Agreement which, among other things, provides for:
i. initially capitalizing Omagine LLC at 150,000 Omani Rials [$390,000], and
ii. increasing Omagine LLC’s capital to 26,988,125 Omani Rials [$70,169,125] within a 6 to 12 month period following the signing of the Development Agreement, and
iii. a payment-in-kind investment of the land constituting the Omagine Site (the “PIK”).
The value of the PIK investment will equal the value to Omagine LLC of the approximately 245 acres of beachfront land constituting the Omagine Site which His Majesty the Sultan owned and transferred to the Government for the specific purpose of developing it into the Omagine Project.
The value of the PIK will be determined by a professional valuation expert in accordance with Omani law and with the concurrence of Omagine LLC’s independent auditor, Deloitte & Touche, (M.E.) & Co. LLC. The value of the land constituting the Omagine Site is conservatively but informally estimated by local real-estate brokers to be in excess of $700 million.
The legally binding contract between the Government and Omagine LLC governing the design, development, construction, management and ownership of the Omagine Project and the use and sale by Omagine LLC of the land constituting the Omagine Site is the Development Agreement which the Government and Omagine LLC signed on October 2, 2014.
“We are tremendously pleased with today’s signing of the Development Agreement and are anxious to now begin the development of the Omagine Project,” said the Company’s president, Frank J. Drohan.
Drohan continued, “Our mission is to develop, own and operate innovative tourism projects with components that are thematically imbued with culturally aware, historically faithful, and scientifically accurate entertainment experiences. We design the tourism elements to provide modern, stylish and entertaining experiences while highlighting the world’s great cultures, art, music, heritage, science and philosophy. We expect the Omagine Project to be the archetype for our future projects in the Middle East and North Africa.”
About the office of Royal Court Affairs.
The office of Royal Court Affairs (“RCA”) is an Omani organization representing the interests of His Majesty, Sultan Qaboos bin Said, the ruler of Oman.
About Consolidated Contractors.
Consolidated Contractors International Company, SAL (“CCIC”) is a multi-national company headquartered in Athens, Greece. In 2012 CCIC had 5.4 billion dollars in revenue, 126,000 employees worldwide and operating subsidiaries in, among other places, every country in the Middle East and North Africa.
About Omagine, Inc.
Omagine, Inc. is a publicly traded company (Stock Symbol: OMAG). The Company conducts all of its real-estate development, tourism and entertainment business activities through either its 60% owned subsidiary Omagine LLC or its 100% owned subsidiary Journey of Light, Inc. The Company is focused on real-estate, entertainment and hospitality opportunities in the Middle East and North Africa (the “MENA Region”) which is one of the fastest growing tourist destinations in the world.
Governments in the MENA Region are seeking to diversify their economies and create employment for their citizens via the development of tourism destination projects. It is the Company’s opinion that this governmental strategic vision combined with the enormous financial resources in the MENA Region will continue to present superb development opportunities. The Company presently focuses the majority of its efforts on the business of Omagine LLC and specifically on the Omagine Project.
Investors or interested parties may visit Omagine’s website at www.omagine.com for more information about the Company or http://agoracom.com/ir/omagine which is the Company’s investor relations website.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, may be deemed to be forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of Omagine, Inc. can be found in the filings of Omagine, Inc. with the United States Securities and Exchange Commission.
CONTACT: Omagine, Inc. Corporate Inquiries Charles P. Kuczynski, Vice-President (212) 563-4141 charles.kuczynski@omagine.com
(HKUP) Social Continues Its Growth, Exceeding 89,000 Downloads for September
Company Posts 7th Consecutive Month of Increased User Growth
CAMPBELL, CA–(Oct 2, 2014) – iHookup Social, Inc. (OTCQB: HKUP), a mobile application positioned at the intersection of dating, social media and location-based connections, is pleased to provide user growth statistics for September of 2014.
For the month of September, the Company showed growth over the previous month of August with a total of 89,970 new downloads of the popular iHookup Social app in the Apple App Store marketplace. This total is another record for the Company as it attracts users to its growing platform, which has now surpassed a total of 386,694 registered users.
January
7,406 New Downloads
120,148 Total Registered Users
February
6,547 New Downloads
124,588 Total Registered Users
March
16,599 New Downloads
137,743 Total Registered Users
April
43,207 New Downloads
164,632 Total Registered Users
May
67,054 New Downloads
212,528 Total Registered Users
June
75,065 New Downloads
257,316 Total Registered Users
July
80,283 New Downloads
308,167 Total Registered Users
August
86,207 New Downloads
353,440 Total Registered Users
September
89,970 New Downloads
386,694 Total Registered Users
“iHookup Social continues to charge forward in our perpetual effort to build a social dating community of significant size, ultimately providing the company with multiple opportunities to monetize this user base and build value for our shareholders,” stated Robert Rositano Jr., CEO, iHookup Social. “I am most pleased to state that September was our best month ever by the all-important user growth metric.”
“Factor in the roll-out of our Venue based options now available for our users to connect at a local venue, along with the opportunity for local businesses to invite our members in for a real-world visit, and this has been a tremendous month for our app side and operational advancements,” added Rositano. “Additionally, we were most pleased to hear of Apple’s entry into the wearable tech market with the announcement of their Watch. As we look toward our future expansion we feel this new category is well suited for our technology. In addition to an Android version of our popular app, we believe Apple’s investment in this new platform has the potential to greatly expand our market.”
From time to time, iHookup Social will provide market updates and news via its website www.ihookupsocial.com or the Company’s Facebook page at www.facebook.com/ihookupnow
iHookup Social, Inc.
iHookup Social, Inc. is a mobile Social Dating App positioned at the intersection of dating, social media and location-based connections.
Company Mission: “To enable singles, groups and the socially active to connect quickly and efficiently with local, real life ‘hook-up’ opportunities.”
This is the iHookup difference. Not only does the company’s ever-refining technology help create meaningful connections of all varieties; it also facilitates the real-life meeting and offering up of locally relevant locations to engage these new connections. These participating venues complete a circle of service that allows iHookup Social to be both matchmaker and concierge, providing a unique opportunity for consumer brands to offer incentives to a growing network of socially active singles and mobile users.
iHookup Social, where real people make real connections … and where real businesses pay to be their host. www.ihookupsocial.com
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements. The words or phrases “would be,” “will allow,” “intends to,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” or similar expressions are intended to identify “forward-looking statements.” Actual results could differ materially from those projected by iHookup Social, Inc. The iTunes rankings should not be construed as an indication in any way whatsoever of the future value of the iHookup Social’s common stock or its present or future financial condition. The public filings of iHookup Social made with the Securities and Exchange Commission may be accessed at the SEC’s Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. iHookup Social cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, iHookup Social does not undertake, and iHookup Social specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement
Contact:
Investor Relations & Financial Media:
I.M.I.
888-216-3595
info@integrityir.com
Company
iHookup Social, Inc.
(855) 473-7473
robert@ihookupsocial.com
(CALA) Announces Pricing of Initial Public Offering
SOUTH SAN FRANCISCO, Calif., Oct. 2, 2014 — Calithera Biosciences, Inc. (Nasdaq:CALA), a clinical-stage pharmaceutical company, today announced the pricing of its initial public offering of 8,000,000 shares of common stock at a price of $10.00 per share. The common stock of Calithera Biosciences, Inc. has been approved for listing on the NASDAQ Global Select Market and is expected to begin trading under the ticker symbol “CALA” on October 2, 2014. All of the common stock is being offered by Calithera Biosciences, Inc. In addition, Calithera Biosciences, Inc. has granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of common stock.
Citigroup and Leerink Partners are acting as joint book-running managers for the offering. Wells Fargo Securities and JMP Securities are acting as co-managers for the offering.
The offering will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained, when available, from Citigroup Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, by email at prospectus@citi.com or by telephone at (800) 831-9146 or from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA, 02110, by email at syndicate@leerink.com, or by telephone at (800) 808-7525, ext. 4814.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and declared effective on October 1, 2014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Calithera Biosciences
Calithera Biosciences, Inc. is a clinical-stage pharmaceutical company focused on discovering and developing novel small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer.
CONTACT: Investor Contact: Jennifer McNealey Calithera ir@Calithera.com 650-870-1071 Media Contact: BCC Partners Karen L. Bergman or Michelle Corral kbergman@bccpartners.com 650.575.1509 mcorral@bccpartners.com 415.794.8662
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