Monday, November 23, 2009
Nov 23, 2009 09:45 ETIndia Power Generator Issues LOI for 7 Million Tons of Woodchips Valued at $576 Million per Year to Green Energy Resources (GRGR)
Seeks 5-Year Supply Contract
Green Energy Resources NEW YORK, NY--(Marketwire - November 23, 2009) - Green Energy Resources (PINKSHEETS: GRGR) has received a Letter of Intent from an Indian power company to supply in excess of 7 million tons of woodchips valued at over $576 million dollars over a 12-month period. India wants a five-year supply contract ($2.8 billion dollars over 5 years). The order poses daunting challenges for Green Energy Resources to meet a supply that would require approximately 15 shipments monthly or a shipment of about 40,000 tons every other day. The foremost obstacle is freight .The location of ships at a locked in rate to handle the capacity for the buyers. The second major issue for the buyer and the Government of India is to provide project financing in the US to Green Energy Resources for wood procurement, and port facilities. Discussions are ongoing. India is planning to purchase upwards of 36 millions tons of woodchips annually from world wide sources as a part of their renewables obligations under Kyoto. The procurement is currently underway on a global scale. The international community of nations, including the US, are planning and upgrading their climate change strategies in advance of next months meeting in Copenhagen, Denmark. The US is expected to make an announcement shortly. The US Senate climate bill is pending. The US House of Representatives passed the "Cap N Trade" bill earlier this year.
Green Energy Resources is an environmentally friendly company working to preserve world forests not cut them. The company sources its wood from urban wood waste streams, recycled wood, storm damage and tree farms. All wood is Urban Tree Certification System(UTCS) approved. The company has no long-term debt and raised capital through a 504 in 2009. Green Energy Resources revenues were adversely impacted in 2008 as a result of the steep rise of fuel prices that peaked at nearly $150 per barrel. The company has seen a strong rebound of supply contracts in 2009.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing, ship availability, fuel costs and other risks.
Sunday, October 4, 2009
For the full report please visit Grass Roots' website: WWW.GRASSROOTSRD.COM
About Grass Roots Research and Distribution, Inc.:
Led by D. Paul Cohen, Grass Roots Research and Distribution, Inc. is one of Wall Street's ELITE Independent Research Firms. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).
Grass Roots Research and Distribution, Inc. includes PhD's, MD's, six CFA's (chartered financial analyst), three with CPA's (certified public accountant) and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. The Cohen Financial and Valuation Model, is used in all research programs. The model, an analytical and portfolio management system, is a 300,000 cell model in Excel, that contains (20+) equity valuations and three (3) cash flow analytical models. The model covers 9,000 public companies. For more information, readers can visit the company's website at www.grassrootsrd.com.
Management has further defined the following expanded market categories for the pursuit of new sales of our Patent Pending Algae Pro Photobioreactor.
Anaerobic Digester to Fuel Cell with Algae
Livestock Manure inserted into an Anaerobic Digester which creates Methane Gas and CO2 -- pull both the waste water and the CO2 from the Digester into the Algae Pro Photobioreactor and feed the Methane into the Fuel Cell Technology -- Fuel Cell creates electricity and the waste products from fuel cell are 1) Oxygen 2) CO2 & 3) Nitrogen (of which #2 & 3 are fed into the Algae Pro Photobioreactor).
Targeted strain -- very nutritious Chlorella = 60% starch algae feed to the maker of the manure.
Wednesday, September 23, 2009
Tuesday 09/22/2009 3:25 PM ET - Pr Newswire
Symbol Last %Chg
CYSG 0.0059 490.00%
As of 3:59 PM ET 9/23/09
CAPE Systems Group, Inc., (Pink Sheets: CYSG) a leading provider of software technology for packaging design, pallet optimization, RFID Asset Tracking, inventory and warehouse management, supply chain execution and order fulfillment, today announced preliminary unaudited financial results for the fiscal years ending September 30, 2007 and 2008, and the three months and nine months ended June 30, 2009.
Cape Systems Group, Inc. reported revenues of $0.5 million and $1.6 million for the three and nine month periods ended June 30, 2009, respectively. The Company also reported a $15.3 million non-cash profit (unaudited) for its third quarter ending June 30, 2009 based on anticipated settlements within the next 60 days of $8 million in liabilities related to the closing of its European operations back in 2003 and $8.4 million in liabilities related to the closing of three domestic operations in 2004. Existing operations during the same quarter had a $1.1 million loss after a $0.7 million beneficial conversion charge for the conversion of accrued interest into notes to its bondholders. The same period for the prior year had a $0.8 million loss after a $0.5 million beneficial conversion charge also for the conversion of accrued interest into notes to its bondholders. Excluding the beneficial conversion charges each year, the net operating loss for the third quarter was $0.4 million vs. $0.3 million in 2008 caused by a $0.3 million decrease in gross profit that was offset by $0.2 million in reduced S, G & A expenses based on a cost savings strategy initiated in FY2009.
Based on the third quarter's $16.4 million gain in settlement the profit for the nine months ending June 30, 2009 was $14.5 million after absorbing an operating loss of $1.9 million that included $1.2 million in beneficial conversion charges. This compares to a $1.4 million loss for the nine months ending June 30, 2008 that included $0.5 million in beneficial conversion charges. Excluding the beneficial conversion charges each year 2009's net operating loss for the nine months ending June 30 was $0.7 million vs. a $0.9 million loss in 2008. This $0.2 million improvement is the result of $0.6 million in reduced S, G & A expenses offset by a $.4 million decrease in gross profit.
For the fiscal year ended September 30, 2008, the Company reported preliminary unaudited revenues of $3.5 million. The unaudited net loss for the last fiscal year ending September 30, 2008 was $1.7 million that included $0.7 million in beneficial conversion charges vs. the prior year's unaudited net loss that ended September 30, 2007 of $3.0 million (including $1.3 million in beneficial conversion charges). Excluding the beneficial conversion charges each year 2008's net operating loss for the twelve months ending September 30, 2008 was $1.0 million vs. a $1.7 million loss in 2007. This $0.7 million improvement is the result of $1.0 million in reduced S, G & A expenses (mainly intangible amortization that finished in 2007) plus a $0.3 million increase in gross profit, which was offset by a $0.6 million decrease in gains on settlement that were realized in 2007.
About CAPE Systems
CAPE Systems is an international provider of supply chain management technologies. CAPE Systems offers a comprehensive range of software systems and tools, from packaging and pallet optimization software, RFID asset tracking, to integrated warehouse and inventory management solutions, pick-to-light systems, and transportation management systems for enterprise wide and collaborative supply chain optimization. For more information about CAPE visit: www.capesystems.com.
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to safe harbor provisions of the Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.
Cape Systems Group, Inc.
CONDENSED COMBINED BALANCE SHEET
F/Y Ending F/Y Ending Ending June
Sept 30 2007 Sept 30 2008 30 2009
Cash $174,112 $217,741 $173,505
Accounts receivable, net 376,381 375,872 290,305
Allowance for Bad Debt (2,147) (2,704) (1,793)
Inventories, net 174,410 937 21,792
Prepaid expenses 49,218 35,596 38,646
Total Current Assets 771,974 627,441 522,455
Equip Gross 778,535 737,072 695,919
Accum Depr/Amort (756,423) (728,230) (683,775)
Equipment and fixtures, net 22,112 8,842 12,144
Deferred Financing Costs, net 86,146 27,621 8,934
Goodwill - Cape 341,685 285,173 285,173
Other Intangibles - Cape 1,545,785 1,666,025 1,666,025
Amortization (1,497,478) (1,666,025) (1,666,025)
Other Assets 132,075 133,951 262,745
Total Assets $1,402,299 $1,083,028 $1,091,451
LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)
preferred stock $504,713 $504,713 $504,713
Notes payable 1,227,500 1,227,500 1,227,500
Accounts payable 3,097,363 2,957,780 184,113
Net liabilities -
subsidiaries in Liquidation 8,407,512 8,207,583 250,000
Payroll and related benefits
accrual 1,146,032 1,154,612 742,462
Accrued litigation 2,655,322 2,655,322 25,000
Other accrued expenses and
liabilities 3,802,122 4,196,918 1,819,604
Customer Deposits 357,460 112,100 19,821
Deferred revenue 612,759 533,688 557,909
Total current liabilities 21,810,783 21,550,216 5,331,122
Convertible notes payable 6,360,053 7,036,336 7,915,623
Total liabilities 28,170,836 28,586,552 13,246,745
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock 4,973,741 4,991,831 4,991,831
Preferred stock 13,657 13,657 13,657
Subscriptions receivable (66,000) (66,000) (66,000)
Additional paid-in capital 169,211,898 169,887,060 170,778,800
(deficit) (195,002,427) (197,954,211) (199,634,644)
Accum. other comprehensive
inc/( loss) (2,816,653) (2,628,187) (2,683,347)
Treasury stock (67,240) (67,240) (67,240)
YTD net income/(loss) (3,015,513) (1,680,433) 14,511,650
Total Stockholders' deficit (26,768,537) (27,503,524) (12,155,293)
Total liabilities and
stockholders' equity $1,402,299 $1,083,029 $1,091,452
Cape Systems, Inc.
CONDENSED COMBINED STATEMENT OF OPERATIONS
For the For the
For the Twelve Three Nine Months
Months Ending Months Ending Ending
Sept 30 Sept 30 June 30 June 30
2007 2008 2009 2009
REVENUE $3,224,333 $3,504,895 $548,604 $1,697,146
COST OF SALES 1,416,908 1,356,433 223,228 755,487
GROSS PROFIT 1,807,424 2,148,461 325,376 941,659
GM 56% 61% 59% 55%
Selling and administrative 3,411,878 2,898,228 558,754 1,782,197
amortization 692,960 229,784 1,528 3,848
Total operating expenses 4,104,838 3,128,012 560,282 1,786,045
Operating income/(loss) (2,297,413) (979,551) (234,906) (844,386)
OTHER INCOME (EXPENSE)
Interest income 2,613 3,263 0 0
Interest expense (726,424) (936,481) (210,275) (490,166)
Beneficial Conversion Costs(1,330,967) (676,283) (696,125) (1,196,834)
Gain on settlement of
Liabilities 830,368 190,242 16,454,134 16,454,134
Other (4,388) 0 3,846 3,846
Net other income(expense)(1,228,798) (1,419,259) 15,551,580 14,770,980
PROVISION FOR INCOME
TAXES (3,526,211) (2,398,810) 15,316,674 13,926,594
Provision for income taxes 0 2,500 1,842 1,842
Credit for sale of state tax
Benefits (510,698) (720,877) 0 (586,898)
Net income tax credit (510,698) (718,377) 1,842 (585,056)
NET INCOME (LOSS) ($3,015,513)($1,680,433)$15,314,832 $14,511,650
SOURCE CAPE Systems Group, Inc.
FOR IMMEDIATE RELEASE
September 23, 2009
Dear Fellow Cyberlux Shareholder:
I’m writing you a little more than 15 months after I was named Chief Executive Officer
of Cyberlux Corporation. Let me first say thank you for your continued support and
patience as we continue to build Cyberlux into the company we all believe it can be.
Without question, this has been the most challenging, most difficult year I’ve experienced
in my 20 year business career. The financial market collapse of the past year has caused
all investors, no matter what the quality of the security or the investment risk involved, to
re-evaluate their investment strategies and their allocation of capital. Cyberlux
Corporation is thankful to continue to be an investment selection for you.
From the macro-economic factors such as the performance of the capital markets to the
micro-economic reality of the restricted availability of small business credit, Cyberlux,
like many small companies, has had to focus in the last year on its core business
opportunities and the long-term growth and prosperity of the Company, sometimes at the
expense of the Company’s short-term objectives.
In this business environment, Cyberlux Management has focused the company on our
patented LED technology, our proprietary knowledge and our product development and
manufacturing capability. In the existing Department of Defense (DoD) and Homeland
Security/First Responder channels, Management has significantly changed our model
from competing as the prime contractor for DoD contracts. In January, we transformed
our Go-to-Market strategy from competing as a prime contractor to being the supplier
who supports existing prime contractors and existing contracts. In addition, Management
has also significantly changed our retail product strategy to become the product innovator
and supplier to large existing retail marketing companies that have the scale and
capability to bring a product to market world-wide.
These Go-to-Market strategy changes are significant and have far-reaching implications
for how Cyberlux Corporation creates value in the marketplace, how the business scales
and grows, how brand equity is created and how the value in the underlying equity of the
company grows. In the past, Cyberlux Corporation was competing on a very large, very
sophisticated playing field against companies that were either better positioned or better
capitalized to secure contracts and large purchase commitments.
In fact, Cyberlux found itself in this very position with the United States Air Force
(USAF) contract. Despite having developed the best products directly with the USAF
customer, the contract was awarded to another company who underbid us and, to our
knowledge, did not have a real product in market at the time of the award. This was a
4625 Creekstone Dr, Suite 130 | Research Triangle Park | Durham, NC 27703
significant setback which Management appealed to the USAF, then to the Government
Accountability Office (GAO) and the situation is still unresolved and Cyberlux may
ultimately seek legal damages as events present an opportunity to do so. Nonetheless, the
USAF contract battle was a clear indication that a Go-to-Market strategy shift was not
only necessary but fundamentally required, where Cyberlux would serve those companies
with existing contracts as an OEM supplier and sub-contractor rather than compete in an
arena where we cannot win.
Cyberlux Corporation has continued to make hard-fought progress in the marketplace,
which has required some drastic measures appropriate for the times and the
circumstances, but, nonetheless progress has been made towards the Company’s
sustainability and future growth. On the cost control side, Management has reduced all
non-essential personnel, cut all available operating costs and asked the senior
management team, beginning in 3Q 2008, to defer compensation until the Company is in
a good operating condition. This has resulted in a reduction of true operating expense of
over 75% this year. Management is continuing the very difficult task for aligning expense
to revenue, and the Company should be well positioned to take advantage of our new cost
structure as we make revenue gains going forward.
Remarkably, the Company has introduced five new, very exciting product families in
order to expand our military and commercial product offerings, despite the cost reduction
initiatives. In the first six months of 2009, Cyberlux launched the Portable Shelter
Lighting products for tents and portable structures, the Outdoor Overhead and Outdoor
Area Lighting products for municipal and military street lighting opportunities, the
ArcLight LED products to address the traditional fluorescent lighting replacement
opportunities, the BrightEye Solar-powered Trailer-mounted Lighting System for the
DoD ‘green’ initiatives, and the WhiteEye product as a white light version of the
BrightEye for lower cost tactical lighting needs.
With the Company’s change in strategy, these new products and the existing products,
are being offered to prime contractors and companies with existing contracts that contain
lighting requirements. The OEM LED lighting market is approximately $2 billion per
year, and our products represent a market opportunity of approximately $400M. If we
capture a realistic market share of 1% to 3%, we would experience a rational level of
growth. Management is beginning to see results that will be forthcoming over the next
two quarters of performance.
Management believes these changes in Cyberlux strategy will accelerate the growth of
the Company, driving Cyberlux into a sustainable, fully operating company with
important customers who have ongoing needs for our products. This process is
challenging, requiring significant effort and creative problem solving from every
Cyberlux employee. As Cyberlux begins to grow again, the Company is committed to
excellence with a vigilant focus on quality and execution, where every commitment we
make is also a commitment we make to excellence. There is no shortcut; there is only
consistent, day-in and day-out action, where excellence is achieved through the constant
4625 Creekstone Dr, Suite 130 | Research Triangle Park | Durham, NC 27703
‘whatever it takes’ effort the Cyberlux employees make across our engineering, sales,
marketing, manufacturing, accounting, legal and management functions.
Given the trials and challenges Cyberlux has faced during the past year, I am reminded of
one of my favorite passages from a speech entitled ‘The Man in the Arena’ by Theodore
Roosevelt, a passage I’ve shared with Cyberlux employees first over a year ago.
President Roosevelt’s words are an inspiring reminder of the individual responsibilities
each Cyberlux employee has in the collective effort to build a successful company. I
share this passage with you, our faithful shareholders, because I believe it represents the
character of Cyberlux Corporation and how we are tenaciously resolved to drive the
Company to success. President Roosevelt said:
“It is not the critic who counts, not the man who points out how the strong man
stumbled, or where the doer of deeds could have done better. The credit belongs
to the man who is actually in the arena, whose face is marred by dust and sweat
and blood, who strives valiantly, who errs and comes short again and again, who
knows the great enthusiasms, the great devotions, and spends himself in a worthy
cause, who at best knows achievement and who at the worst if he fails at least fails
while daring greatly so that his place shall never be with those cold and timid souls
who know neither victory nor defeat”.
Cyberlux Management and employees have the great responsibility for building the
business into a sustainable and profitable enterprise, both an arduous and noble task.
Each individual bears the responsibility for creating the future of Cyberlux, for striving
for excellence, for doing the right thing, not just the easy thing. Within the ‘Cyberlux
Arena’, Management is seeing the results of our actions and our change in strategy. We
are committed to the building of a great company, have a deep belief in our capabilities to
serve a wide range of customers and our ability to meet production and engineering
Your Management sincerely thanks you for your past and continuing support.
Mark D. Schmidt
Thursday, September 17, 2009
www.numobileinc.comCARY, NC--(Marketwire - September 17, 2009) - NuMobile, Inc. (OTCBB: NUBL) today announced executing an agreement acquiring Enhance Network Communication, Inc. NuMobile is building a portfolio of security and software solutions for the mobile computing and smartphone market.
Enhance is headquartered in Cupertino, California and currently reports approximately $1.2 million in profitable annual revenue. Enhance has developed a proprietary large enterprise network security technology designed for managing the unique information management requirements of network delivered government services. School districts make up the majority of Enhance's current customer base. Early product testing is currently underway with a new prospective client. In conjunction with the current product testing, a contract that would result in approximately $20 million in revenue with $8 million in gross margin is anticipated as early as year-end.
NuMobile has acquired Enhance in exchange for $5 million in debt. The debt is payable in two parts. $1 million is due one year from closing. The remaining $4 million is due five years from closing and contingent upon Enhance signing $20 million of new business with $8 million in gross margin. Management anticipates that the debt exchanged for the purchase can be serviced out of cash flow from operations.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email alerts, please visit the corporate website at www.numobileinc.com.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NuMobile's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Sunday, September 13, 2009
ARTI - Artfest International, Inc.'s Board Approves 250 Million Share Exchange for Its Officers and Directors
Sep 03, 2009 12:43 ET
Artfest International, Inc.'s Board Approves 250 Million Share Exchange for Its Officers and Directors - 200 Million Common Shares Already Tendered Substantially Reduces Outstanding
Artfest International, Inc.DALLAS, TX--(Marketwire - September 3, 2009) - Artfest International, Inc. (OTCBB: ARTI) is pleased to announce that the Company's Board of Directors has authorized its officers and directors to exchange up to 250,000,000 shares of their common stock for a preferred stock valued at $5.00 per share. This exchange substantially reduces the outstanding shares of the Company. The Board set a price of value of $0.01 per share for the purposes of this exchange. The preferred shares must be held for a minimum of 12 months before they can be converted back to common stock.
The Company decided to authorize the exchange, as it continues the process of evaluating acquisition candidates, as part of its growth strategy. Artfest International is determined to increase shareholder value, maintain a strong balance sheet and improve returns on its common stock.
"The Board of Directors agreed that our shares are undervalued and should be trading at higher levels. We are well positioned for real growth as we continue to work toward our goal of making art affordable to the average person and helping reduce art fraud through the use of our RFID chip technology," stated Edward Vakser, CEO of Artfest International, Inc.
About Artfest International, Inc.
Artfest International, Inc. is a publicly traded Company under the stock symbol "ARTI." Artfest brings together artists, investors, decorators, designers, private collectors and art galleries. Artfest International's corporate site is www.artfestinternational.com. Artfest's subsidiaries are Art Channel, Inc. www.artchannel.tv, and Art Channel Galleries, Inc. www.ArtChannelGalleries.com, offering the most exciting product and rewards program in the history of direct sales marketing.
Safe Harbor Statement -- This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ARTI does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Monday, September 7, 2009
EcoSystem Closes $76 Million Equity Financing
Wednesday August 5, 2009, 8:58 am EDT
NEW YORK--(BUSINESS WIRE)--EcoSystem Corporation (OTC Bulletin Board: ESYM - News) today announced the closing of its pending $76 Million equity financing with five investment funds.
EcoSystem will use the investment proceeds to acquire distressed ethanol production facilities, to acquire other strategically-compatible assets, and to develop and integrate EcoSystem’s Cellulosic Corn™ technologies into EcoSystem’s planned ethanol production facilities. The funds will be held in a restricted EcoSystem account and be available for use according to the use of proceeds schedule and other conditions specified in the agreements.
EcoSystem’s goal is to achieve an annualized renewable fuel production rate of 500 million gallons per year within three years, and to demonstrate market leadership by using its technologies to refine more fuel out of corn for less cost on reduced energy consumption and carbon emitted.
Detailed information regarding this investment is available online at www.eco-system.com in EcoSystem’s July 30, 2009 and August 5, 2009 Current Reports on Form 8K.
Montreal, 27 July, 2009
Novo Energies Corporation Selects GCM Consultants to Begin the Design and Installation of its First Operating Plant
New York, NY – July 27th, 2009 - Novo Energies Corporation, Inc. (“Novo”), a public
company traded on the Over the Counter Market (OTCBB) under the symbol “NVNC”,
announced today that it has selected GCM Consultants of Quebec, Canada to begin the
design and installation of its first operating plant to transform plastics and tires to fuels sources.
Novo Energies’ wholly owned subsidiary, WTL (Waste to Liquid) Renewable Energy, Inc.,
has developed and designed a novel proprietary process to transform plastics and tires waste to liquid fuels such as diesel, gasoline and fuel additives combining thermolysis and gasification among other processes. Novo Energies will build, own and operate small local plants to transform residual plastics and tires to valuable liquid low carbon fuels such as diesel, gasoline and fuel additives. Novo Energies’ strategy is to install small to medium capacity plants of 15 tons/day plastic waste (the size of a standard intermodal container) and/ or 30 tons/day tire waste (approximately 2400 tires/day) to generate approximately 50-65 barrels/day of fuel oil or fuel additives.
GCM is a full service engineering firm dedicated to the industrial projects in the oil and gas, petrochemical, metallurgy, and manufacturing process. GCM’s roster of clients include:
Ultramar, a wholly owned subsidiary of Valero Energy Corporation (NYSE:VLO), Owens
Corning (NYSE:OC), Petro-Canada (NYSE:PCZ), Royal Dutch Shell (NYSE:RDS),
Unilever (NYSE:UN), SC Johnson, a private company with over $7.5Billion in sales, among others. GCM will be providing Novo Energies with complete process services in connection with its plants.
“We are honored that we are able to work with GCM, especially in view of the fact that most of GCM’s clients are some of the largest multinational corporations. Our engineers have already commenced working with GCM to bring the first plant to fruition,” stated Antonio Treminio, Chief Executive Office of Novo Energies.
“GCM is looking forward to working closely with Novo Energies to bring the plants on line.
Novo Energies’ proprietary technology provides a framework to produce useable fuel or fuel additives on an economical and environmentally friendly basis,” stated Normand Thouin, President of GCM.
Saturday, September 5, 2009
QASP - $150 million to Quasar's revenue and $33 million in EBITDA for the Company's fiscal year 2010
Sunday, August 30, 2009
Saturday, August 1, 2009
- Algea will help the world in many ways, including helpin the pocket-book.
- How to harvest algea, transposed. Manage PH among other things.
- Mangaged remotely.
Thursday, July 30, 2009
NEW YORK, N.Y., JULY 30, 2009 – EcoSystem Corporation (OTC Bulletin Board: ESYM) today announced its execution of agreements for the sale of EcoSystem preferred stock and warrants to purchase common stock to five investment funds for $76 million.
Funding under the agreements is expected to occur prior to August 5, 2009 upon the satisfaction by EcoSystem of pre-funding conditions. The funds will be held in a restricted EcoSystem account and will be available for use according to the use of proceeds schedule and other conditions specified in the agreements.
EcoSystem will use the investment proceeds to acquire distressed ethanol production facilities, to acquire other strategically-compatible assets, and to develop and integrate EcoSystem’s Cellulosic Corn™ technologies into EcoSystem’s planned ethanol production facilities.
EcoSystem’s goal is to achieve an annualized renewable fuel production rate of 500 million gallons per year within three years, and to demonstrate market leadership by using its technologies to refine more fuel out of corn for less cost on reduced energy consumption and carbon emitted.
Detailed information regarding this investment is available online at www.eco-system.com in EcoSystem’s July 30, 2009 Form 8K.
The corn ethanol industry contributed over $65 billion to the GDP by offsetting 7% of America's fossil fuel needs in 2008. EcoSystem intends to prove that corn has much more to add.
EcoSystem’s view is that the established first generation corn ethanol infrastructure is the only practical pathway in North America to cost-effectively increase the production and use of carbon-neutral biofuels on globally-meaningful scales. To accomplish this in a competitive and environmentally superior way, the installed base of first generation corn ethanol facilities will need to evolve to achieve significantly improved production efficiencies. EcoSystem intends to do just that, and to become a leading low cost and low carbon producer of renewable fuels by leveraging its technology portfolio to acquire and upgrade corn ethanol facilities into increased financial and environmental sustainability while facilitating the convergence of cellulosic and corn ethanol.
EcoSystem’s portfolio of patented and patent-pending Cellulosic Corn™ technologies are designed to achieve the following key goals:
Increase the net energy balance of biofuel derived from corn;
Increase profitability of corn ethanol;
Decrease amount of petroleum burned to make corn derived biofuel;
Increase the nutritional content of corn ethanol co-products;
Reduce, reuse and recycle the carbon emissions of corn ethanol production;
Diversify the biomass mix accepted and produced by traditional corn ethanol facilities;
Decrease the commodity and financial risk profile of corn ethanol;
Standardize corn-friendly cellulosic technology by building on the existing corn ethanol complex; and,
Enhance the competitive positioning of corn ethanol in the domestic and global markets.
About EcoSystem Corporation
EcoSystem’s ambition is to become a leading low cost and low carbon producer of renewable fuels by acquiring and upgrading existing corn ethanol facilities with technologies designed to increase the yield and to reduce the energy consumption and carbon intensity of refining fuel out of corn. Additional information is available online at www.eco-system.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EcoSystem Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please contact:
Phone: 212 994 5374
Fax: 646 572 6336
Wednesday, July 29, 2009
DNA Vaccine Approach Demonstrates 100% Protection Against Unmatched Flu Virus Strains Currently in Circulation
Inovio Consensus DNA Vaccine Approach Demonstrates 100% Protection Against Unmatched Flu Virus Strains Currently in Circulation
SAN DIEGO--(BUSINESS WIRE)--Jul. 29, 2009-- Inovio Biomedical Corporation (NYSE Amex: INO), a leader in DNA vaccine design, development and delivery, announced today that the company's SynCon™ H1N1 influenza DNA vaccines achieved protection against current circulating swine origin influenza A/H1N1 viruses in animal studies.
Sunday, July 26, 2009
Potential Reserves of Over 1 Billion Barrels!
CGCA - Max Pozzoni, President. Wallstreet.net Summary:
- Most recent news in Utah.
- Involved in project. Producing oil from sand!
- Leases that belong to Exxon, and partner Entercore. Will secure tar sands.
- Potential reserves of over 1 billion barrels.
- Break even point in lower 20's.
- 12% override with Exxon royalty.
- Oil comes from national resources.
- Extraction from tar pit.
- Environmentally friendly.
- Possible production of several thousands barrels a day.
- Within next 3-6 months.
- Northern Montana option also.
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Thursday, July 23, 2009
SpongeTech® Delivery Systems, Inc. to Air on QVC
SpongeTech® to Offer Uncle Norman’s™ Pet Sponge on QVC
NEW YORK--(BUSINESS WIRE)--SpongeTech® Delivery Systems, Inc., “The Smarter Sponge™”, (OTCBB: SPNG) is pleased to announce that QVC will be featuring SpongeTech®’s Uncle Norman’s™ Pet Sponge on its “Happy Hour” program which is expected to air on July 24, 2009 at 6 pm ET.
QVC will feature SpongeTech®’s Pet Care Product, Uncle Norman’s™ Pet Sponge, the “one-step” pet bath sponge that allows you to bathe your dog, cat or horse with much less hassle. Uncle Norman’s “4 in 1” Pet Sponge is embedded with a gentle shampoo, coat conditioner, odor inhibitor, and 42 special massage bumps to assist the effectiveness of the bath; providing a thorough gentle cleaning for your pet. More importantly, each sponge can be used 8 times or more, depending on the size of your pet. These ingredients are embedded into a hydrophilic foam product that inhibits the bacterial growth in the sponge. Uncle Norman’s™ Pet Sponges are earth-friendly and recyclable too.
SpongeTech®’s COO Steven Moskowitz said, "We are thrilled to be back on with QVC for their Happy Hour program. Our products are being accepted by our television viewers through the airing of our infomercials across the country and we are excited that QVC will introduce our product to additional viewers nationwide.”
QVC is a multi-national corporation specializing in televised home shopping, broadcasting in four major countries to 141 million consumers; revenues generating over $7 billion in international and domestic sales. QVC broadcasts in the US via cable and satellite TV 24 hours a day, 364 days a year to 90 million homes.
SpongeTech®’s Uncle Norman’s™ Pet Sponge will be available through QVC at 1-800-345-1515 or www.QVC.com.
For more information, please contact Investor Relations at 1-877- SPONGE-T, and/or visit the Company’s website at: www.spongetech.com
About SpongeTech® Delivery Systems, Inc.
SpongeTech® Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech®'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech® is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech® Delivery Systems, Inc. intends to globally brand its products as The Smarter Sponge™ .
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development 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 may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company's Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company 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 the Company's plans or expectations.
SpongeTech® Delivery Systems, Inc.Investor Relations:Bill Young, firstname.lastname@example.org or email@example.comConnecting Markets GmbHToll Free: +0800 100 42 92Fon: +49 (0) 69 21 65 59 10Fax: +49 (0) 69 21 65 59 firstname.lastname@example.org
Sunday, June 21, 2009
(HRAL) HearAtLast to License HearAtLast Hearing Store Brand Throughout North America's Billion Dollar Hearing Market
Jun 19, 2009 16:30 ET
HearAtLast to License HearAtLast Hearing Store Brand Throughout North America's Billion Dollar Hearing Market
HearAtLastMISSISSAUGA, ON--(Marketwire - June 19, 2009) - HearAtLast Holdings, Inc. (PINKSHEETS: HRAL) is pleased to announce today that the Company has decided that it will begin Licensing the HearAtLast Hearing Store brand to existing Hearing and Audiology Clinics throughout North America. The new licensing model will spawn new clinics that will bear the name of HearAtLast, the Hearing Store.
"In just 2 short years, HearAtLast, the Hearing Store has become a recognizable name in the Hearing Industry in Canada and with that recognition, we are going to begin licensing our Brand to existing hearing stores and clinics that wish to be part of our growing brand," stated Matthew Sacco, CEO of HearAtLast Holdings, Inc. "We are also seeing that the average age of a first time hearing aid customer to be 64 years old whereas the industry average is 70 years old," added Mr. Sacco.
Mr. Sacco attributes the lower average age due to its extreme exposure the Company has within the Wal-Mart stores as well as a sign that the stigma of wearing a hearing aid is slowly eroding away. "Not only will existing hearing stores and clinics be able to capitalize on our Brand Name, but they will also enjoy the added buying power and with the addition of each new HearAtLast Hearing Store and HearAtLast licensed store, that buying power will only improve. In addition to buying power, a HearAtLast licensee may also be able to obtain (if they qualify) funding through HearAtLast so that they may be able to upgrade old and outdated hearing equipment. In North America there are hundreds of Hearing Clinics that can benefit with a HearAtLast Hearing Store license that will ultimately improve their bottom line," added Mr. Sacco.
The added 'buying power,' brand recognition and possible financing will not only improve Hearing Stores' and Clinics' profitability but it can achieve this while being able to lower the prices of the average hearing aid unit maintaining HearAtLast's Philosophy that hearing should not be a privilege but a right that every person that suffers from hearing loss should have.
HearAtLast Holdings, Inc. is a Nevada corporation that owns and operates its wholly-owned subsidiary of hearing stores co-located within select Wal-Mart stores throughout Canada. Their chain of hearing stores specializes in the sale of digital hearing aids and testing services. The Company is the affordable hearing solution for Canadians, combining the most sought after retail space in North America with convenience and location. HearAtLast provides State of the Art Hearing Testing and Dispensing services to individuals with all types of measurable hearing loss.
HearAtLast facilities sell a selection of high quality brand name hearing aids and also offer complimentary screening tests, clinical hearing tests, high end ear buds and assistive listening devices. The Company's mission is to consolidate the highly fragmented hearing services industry while providing unparalleled service to the estimated 30+ million hearing impaired individuals throughout North America. After a prescription is approved, the independent on-site audiologists and hearing aid practitioners at HearAtLast utilize a refined process to dispense the latest in Name Brand digital hearing aids.
For more information please visit www.hearatlast.com
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
HearAtLast Holdings, Inc.
Saturday, June 20, 2009
Jun 19, 2009 05:46 ET
Wal-Mart Approves Market Test for Left Behind Games
Left Behind Games Inc.
MacReport Media PublishingTEMECULA, CA--(Marketwire - June 19, 2009) - Left Behind Games Inc. (OTCBB: LFBG), a dba of Inspired Media, announces that Wal-Mart, the nations largest retailer, has approved a test market in various of their stores for Left Behind Games. This should position LFBG to have the games in place in time for the Christmas shopping season. In addition, the company is in the process of hiring new marketing representatives throughout the U.S. Their efforts, combined with Wal-Mart sales, are expected to provide an explosive marketing surge starting within the next few months.
The PC game, LEFT BEHIND II: Tribulation Forces, was just released for worldwide distribution through mainstream markets on June 15th. Tribulation Forces is the much-awaited sequel to the original game LEFT BEHIND: Eternal Forces, which is known as the most widely distributed Christian PC game in history. Overall, the sale of PC games has grown exponentially, and PricewaterhouseCoopers, known for their astute analysis of business conditions and trends, predicts that the sale of software games will reach $21.6 Billion by 2013.
Inspired Media CEO Troy Lyndon conservatively projects that Christian games will capture at least 1% of that market, or $210 million annually by 2013. He says that in contrast to almost all PC games now available, Inspired Media games encourage positive decisions and actions. Rather than the usual "winning" by using weapons and killing the enemy, players are rewarded when their characters use the power of influence to bring about good rather than destruction.
He believes that the approach incorporated in all of the Inspired Media games can help to counteract the violence affecting gamers who at times have acted out aggressively in real life. Due to the positive thought patterns encouraged by the games, he would like to be contacted by anyone in a prison ministry who might be interested in obtaining a grant to enable the games -- along with the equipment to use them -- to be placed in prisons for rehabilitative purposes.
Tribulation Forces has significant new features and improvements including maps and missions. The game includes 45 single player missions including tutorials and an all-new skirmish mode to be played alone or with up to seven friends online. There are 39 skirmish battle multiplayer maps and three different multiplayer modes of play.
In addition to the new game, Inspired Media has produced and currently has on the market three Charlie Church Mouse Games for pre-school, kindergarten and early elementary players, as well as Keys to The Kingdom, and Left Behind: Eternal Forces, all of which are available to be marketed by company representatives.
Anyone interested in promoting these products can go to www.inspiredmedia.com/reps and leave their contact information. The potential markets for these games include churches, schools, fundraisers and game stores, as well as retailers such Walgreens, Kmart, Target, and Albertson's to name a few. According to a recent CNBC News report, even though we are in a recession, computer game sales continue to soar.
For samples for your church or school, visit our websites at:
INSPIRED MEDIA ENTERTAINMENT is a trademark of Left Behind Games Inc. CHARLIE CHURCH MOUSE is a trademark of Lifeline Studios, LLC. LEFT BEHIND is a trademark of Tyndale House Publishers, Inc. All rights reserved.
Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which express the current expectations of Left Behind Games' management, subject to a number of known and unknown risks and uncertainties that could cause such forward-looking statements to differ and the Company undertakes no obligation to publicly update any such differences.
NOTE TO EDITORS: For Game Screen Shots, go to: http://www.lbgstore.com/left-behind-eternal-forces-the-pc-game--the-multiplayer-enhancemen.html.
Public Relations Manager
(407) 385-5540 direct
Investor Relations Contact
Left Behind Games Inc. LFBG : OTC Bulletin Board Market.
Could this be the hot pick of the day for Monday, June 22, 2009? The stock climbed 418.52% on Friday, June 19, 2009. LFBG touched a high of 0.1389 per share before settling back down to 0.07. This may be just the temptation folks are looking for to pile on this coming Monday. Reason: the stock has already gone through some consolidation through most of the afternoon on Friday. Time will tell. Do your research and study all the numbers. Monday could be a wild ride!
Also visit "The Cure for Boredom" http://www.passiontolearn.com/ and use their research and search features.