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