EXMT fully reporting .03
May 18, 2012 9:30:00 AM
Copyright Business Wire 2012
FREMONT, Calif.--(BUSINESS WIRE)-- AnyThing Technologies Media Inc. (EXMT.PK) announced today that the company has retained RBSM LLP Public accounting firm to become a fully audited company. RBSM has been retained to perform audit services for the years ended April 30, 2012 and 2011.
RBSM LLP is a certified public accounting firm with operating offices in New York, NY, Washington, DC and Mumbai, India. The firm provides professional accounting, auditing and tax services to a number of publicly held businesses as well as privately held companies. As accountants and financial consultants, RBSM provides a unique blend of technical expertise while providing practical business advice or assurance services.
Richard Wilson President of ATM stated, because of our acquisition of Global Publishing Inc our revenues and assets have increased dramatically. Retaining RBSM is the first step for the company to become a fully reporting company. Based on our interviews with RBSM we expect to become fully audited within the next 90 days and RBSM has already begun the due diligence process to complete the audit.
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
AnyThing Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM will be the parent company of subsidiary Corporations, each with their own professional management team with extensive backgrounds in finance, manufacturing, marketing and distribution. ATMs goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
ACTC presenting in London
Advanced Cell Technology to Present at World Stem Cells & Regenerative Medicine Congress in London
Chairman and CEO Gary Rabin to Discuss Three Ongoing Clinical Trials Using Human Embryonic Stem Cell (hESC)-Derived Retinal Pigment Epithelial (RPE) Cells to Treat Macular Degeneration
World Stem Cells and Regenerative Medicine Conference
MARLBOROUGH, Mass.--(BUSINESS WIRE)--Advanced Cell Technology, Inc. (ACT; OTCBB: ACTC), a leader in the field of regenerative medicine, announced today that chairman and CEO Gary Rabin will be presenting at the World Stem Cells and Regenerative Medicine Conference, May 21-23, in London.
Successes and ongoing advancements of human clinical trials for the treatment of AMD & Stargardts Disease
Mr. Rabins presentation, titled Successes and ongoing advancements of human clinical trials for the treatment of AMD & Stargardts Disease, will be given on Monday, May 21 at 5:05 p.m. BST (London time). Mr. Rabin will provide an update on ACTs three ongoing human clinical trials in the U.S. and E.U. for Dry Age-Related Macular Degeneration (Dry AMD) and Stargardts Macular Dystrophy (SMD).
ACT recently announced Data and Safety Monitoring Board (DSMB) approval to move forward with enrollment and treatment of additional patients with SMD in its U.S. SMD trial, and to treat the final two patients to round out the initial dosing arm in its European trial. All three of the companys ongoing clinical trials use human embryonic stem cell (hESC)-derived retinal pigment epithelial (RPE) cells.
About SMD, Dry AMD and Degenerative Diseases of the Retina
Stargardts Macular Dystrophy (SMD) is one of the most common forms of macular degeneration in the world. SMD causes progressive vision loss, usually starting in children between 10 to 20 years of age. Eventually, blindness results from photoreceptor loss associated with degeneration in the pigmented layer of the retina, called the retinal pigment epithelium or RPE cell layer.
Degenerative diseases of the retina are among the most common causes of untreatable blindness in the world. As many as thirty million people in the United States and Europe suffer from macular degeneration, which represents a $25-30 billion worldwide market that has yet to be effectively addressed. Approximately 10% of people ages 66 to 74 will have symptoms of macular degeneration, the vast majority the dry form of AMD which is currently untreatable. The prevalence increases to 30% in patients 75 to 85 years of age.
VSYS selected by state gaming commission
Viscount Systems Security Technology Selected For State Gaming Commission
BURNABY, British Columbia--(BUSINESS WIRE)--Viscount Systems (OTC Markets:VSYS.QB), a leading edge high technology supplier of security systems and software today is pleased to announce that the Companys Freedom access control platform has been selected to secure the State Gaming Commission offices in one of the largest U.S. states. Following the successful deployment of Freedom at an initial site the Commission is now scheduling deployments at its other facilities and other Department of Revenue sites.
The security requirements of gaming regulators can often exceed those of casinos so we are pleased that the commission has acknowledged the cost and compliance advantages of our technology over traditional systems. We are beginning to experience a marked increase in interest from governmental agencies.
Although we have systems currently installed at casinos, this is the first gaming regulatory body that has selected Freedom, noted Stephen Pineau, President and CEO of Viscount. The security requirements of gaming regulators can often exceed those of casinos so we are pleased that the commission has acknowledged the cost and compliance advantages of our technology over traditional systems. We are beginning to experience a marked increase in interest from governmental agencies.
This project and many other upcoming projects are being driven by word of mouth as news of these and similar successful projects spreads both through end users and systems integrators. Technological tipping points and disruption in the security industry have generally been driven firstly by early adopters, secondly by company initiated marketing and finally by hitting critical mass characterized by word of mouth and we are close to hitting this point.
About Viscount Systems
Viscount Systems Inc., designs unified software platforms for building security and emergency planning. Recent awards include SIA Convergence Solution of the Year 2011 and Platinum Award for Emergency Response and Gold Award for Access Control at GOVSEC 2011. Additional information on Viscount's products may be obtained on-line at
LXES news and pump .024
Lexington Energy Svcs
Thursday 17 May 2012
Lexington Energy Services Inc. (the "Company") (OTC:LXES.PK) reports that it has entered into discussions regarding the option on a second coal concession located in Bahia Lota, Chile. This second mineral concession, known as 'Nuevas Cordenadas' lies further to the east of the original property currently under option, which is known as the 'Headland Concession'.
The Nuevas Cordenadas Concession is 160,000 square meters in size and has the same stratigraphic characteristics as the Headland Concession, with the exception that it lies closer to both the shore, where coal recovered from the operation will be initially processed, and to the dock. The Lota Bay Coal Project Management Report indicates that the concession area contains approximately 100,000 additional tons of coal that is of equivalent grade as that of the Headland Concession.
Management wishes to acquire the option for this mineral property in order to increase the value of the coal recovery operation that is already planned, and has entered into preliminary negotiations to secure the concession.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
Robert ChalmersPresident, CEO
Pansoft ( PSOF ) Acquires Remaining 20% Stake in Pansoft
JINAN, China, March 30, 2012 /PRNewswire/ -- Pansoft Company Limited (NASDAQ: PSOF) ("Pansoft" or the "Company"), a leading ERP software service provider for the oil and gas industry in China, today announced that the Company has acquired the remaining 20% stake in Pansoft (Japan) Company Limited, now making it a wholly owned subsidiary of Pansoft.
Pansoft (Japan) was established in August 2010 to provide outsourcing functions for Japanese clients, initially in the area of cell-phone software testing. Pansoft originally owned an 80% stake in the joint venture, with two Japanese companies, Management Information Center Co., Ltd. and Seven Colors Corporation (the "Partners"), owning the remaining 20% stake. The Company acquired the Partners' 20% stake at no additional cost due to their failure to meet the terms of the joint-venture agreement, specifically to transfer sufficient orders from their pre-existing Japanese clients to the joint venture. The share transfer agreement was drafted in mid-February and executed recently.
"It is unfortunate that our Partners did not fulfill the terms of our agreement and forfeited their stake in Pansoft (Japan)," commented Mr. Hugh Wang, Pansoft's Chairman. "The main issue was the Partners' inability to fulfill the terms of the agreement regarding their pre-existing clients, and this issue has delayed Pansoft (Japan)'s reaching profitability. Since the start-up of Pansoft (Japan) in late 2010, we and our Partners have successfully established other channels and clients, and recent results have shown that the outsourcing-service business is on a clear growth path and will generate a good return on our investment and efforts. We will continue to guide its path to profitability and expect Pansoft-Japan to reach break-even in the 2012 calendar year."
About Pansoft Company Limited
Pansoft is a leading enterprise resource planning ("ERP") software and professional services provider for the oil and gas industry in China. Its ERP software offers comprehensive solutions for various business operations including accounting, order processing, delivery, invoicing, inventory control, and customer relationship management. For more
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements concerning Pansoft Company Limited, which include but are not limited to, statements regarding Pansoft's ability to expand its service offerings and maintain leadership as a provider of ERP software and services for the oil and gas industry in China. The actual results may differ materially depending on a number of risk factors including but not limited to, the following: general economic and business conditions, development, shipment and market acceptance of products, additional competition from existing and new competitors, changes in technology or product techniques, the Company's ability to successfully integrate acquisitions, its ability to repurchase shares, share-repurchase plans, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. Pansoft Company Limited undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Company Contact:
Pansoft Company Limited
Allen Zhang, Chief Financial Officer
SFEG reaches full silver-gold output
Summit Silver-Gold Mine Reaches Full Tonnage Output
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce that the Summit silver-gold mine in southwest New Mexico has reached its ramp-up target extraction rate of 10,000 tons of ore per month. Processing of ore through the Lordsburg mill has increased consistently over the past seven months and in June 2012 also is projected to reach 10,000 tons. Silver and gold output is expected to continue to increase over the next several quarters as higher grades are encountered in the mine. Full project performance is anticipated in calendar 2013. Last month Santa Fe announced the commencement of commercial production, and last week reported record operating results for the three and nine months ended March 31, 2012.
Mechanized mining is working well and we are pleased to have reached our monthly target production rate of 10,000 tons
Mechanized mining is working well and we are pleased to have reached our monthly target production rate of 10,000 tons, said Pierce Carson, CEO of Santa Fe. Beginning this week, we will be extracting 500 tons of ore per day from the mine on a schedule of five days a week. Cutting back from seven to five days a week will allow us to maintain our monthly production of 10,000 tons and also to perform equipment and mine maintenance two days a week, which will reduce equipment downtime and increase overall efficiency.
The Summit mine contains relatively high grades of silver and gold. Carson noted that once full performance is reached, the project is expected to be a low cost producer and should be profitable even at lower metal prices.
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico, which began processing operations in 2010; (ii) a substantial land position near the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico; (iv) the Black Canyon mica deposit and processing equipment near Phoenix, Arizona; and (v) a deposit of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
TTDZ 2 mill in royalties
8:17 AM ET 5/17/12 | Marketwire
Triton Distribution Systems, Inc. (PINKSHEETS: TTDZ) announced today that the Company will license its proprietary Travel Reservation System's technology: "Reservation Expert System(TM)" (RES), to Privileged, Inc. for an initial annual royalty of $2 Million. The license agreement will be initially valid for two years and thereafter it will be renegotiated annually based upon customary performance clauses.
Triton has appointed a separate management team to operate Privileged, Inc., under a strategy of specifically conceived plans that have been established by Triton's management.
Triton is currently planning to file a Registration statement with the Securities and Exchange Commission to take Privileged, Inc. public as soon as reasonably practical and plans to accommodate all Triton shareholders upon successful execution accordingly.
The Company is in preparations to announce, in the very near future, several operational and organizational solutions that will identify and set Privileged, Inc. apart from the competition and on the path to success.
FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties.
Contact:
ESPI joint venture
Joint Venture to Pursue Project Work Related to the Development of the Komo International Airfield in Papua New Guinea
May 17, 2012 8:00:00 AM
2012 GlobeNewswire, Inc.
SCOTT, La., May 17, 2012 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTC Bulletin Board: ESPI) (the "Company" or "ESP Resources"), an oil and gas services company, today announced that on May 11, 2012, the Company, through its newly-formed and wholly-owned subsidiary, ESP Corporation, S.A. ("ESP"), a company incorporated under the laws of Panama, entered into a shareholders' agreement to form a joint venture called ESP KUJV Limited with Komo Umbrella Joint Venture Limited ("KUVJ"), a company incorporated in Papua New Guinea ("PNG"), for the development of the Komo international airport.
Owned 30% by KUJV and 70% by ESP, respectively, ESP KUJV Limited was formed to pursue, undertake and realize business opportunities within the Komo project area in PNG. Through the terms of the joint venture, ESP KUJV Limited has the opportunity to be engaged by the world's largest international and publicly traded oil and gas company to carry out specific project work related to the development of the Komo international airfield. The Komo airfield is being developed to support the $15.7 billion PNG liquid natural gas project ("PNG LNG") currently under construction.
With a four year construction schedule that began in 2009, the PNG LNG is one of the largest liquid natural gas development projects ever undertaken. Currently the project employs over 14,300 people and includes gas production and processing facilities in the Southern Highlands and Western Provinces of PNG, as well as liquefaction and storage facilities with capacity of 6.6 million tons annually.
For more information regarding this announcement, please refer to the corresponding Form 8-K filed with the Securities and Exchange Commission.
About ESP Resources, Inc.:
ESP Resources, Inc. is a publicly-traded oil and gas services company (OTC Bulletin Board: ESPI) headquartered in Scott, LA. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry. ESP Resources supplies retail and wholesale specialty chemicals for a variety of oil field applications including production, drilling, waste remediation, cleaning, and waste water treatment. From its blending and distribution facilities, the Company distributes its product line throughout the oil and gas producing regions of Louisiana, Texas, Mississippi, Alabama, Arkansas and Oklahoma, both onshore and offshore. The wholesale division of the Company supplies specialty chemicals to several retailers operating in West Africa. The Company's senior management has over 100 years of combined operating experience in the petrochemical industry. More information is available on the Company's Website at www.espchem.com.
GEYI stockholder letter
Global Energy Inc. Chief Executive Officer Issues Letter to Stockholders
NEW YORK--(BUSINESS WIRE)--In a letter to company stockholders issued today, Mr. Asi Shalgi, chief executive officer of Global Energy, Inc. (OTCBB: GEYI)(Company), stated the following:
Dear Shareholders,
I would like to take this opportunity to personally address you and update you on the development status of our Company. Due to the confidential nature of our development work with some of our partners, I will avoid mentioning their names.
As of the date hereof, we are still working with our partners to develop the KDV technology. All partners are working to increase the output efficiency and performing experiments as for the best stock-feed input mix. We tested an improved design for the turbine in Eppendorf Germany at Alphakat testing plant last week. The new design shows from first look better performance compared to the previous design. Please visit our website at http://www.global-nrg.biz/?page_id=119 or my BLOG http://global-nrg.biz/blog/?p=312 to view the video of Alphakat small KDV in demonstration made on May 7th. Alphakat will continue to test it for performance evaluation.
We are currently engaged in discussion with other renewable energy technology companies in the field of alternatives fuel production. This is part of our strategy to become the leading commercializing Company in the world in the field of renewable diesel production from different kinds of waste or feedstocks.
As CEO of the Company, I strive to steer the Company in the direction that will create the most value in the future, and all actions we took in the past few years were guided by this approach. As a Company, we will need to supply the rapidly growing demand for renewable fuels from non-edible sources, especially due to the rapid rise in prices and the geopolitical instability in some oil producing regions in the world. We are moving forward with our business and positioning our Company as a leading player in the market.
I know that for some of you, our actions are not always understood, but I want to assure you that the management team of the Company is fully committed to the success of Global Energy and its shareholders. We are focused on building a large, strong and profitable Company and on maximizing value to our shareholders.
Sincerely,
Asi Shalgi
Chief Executive Officer
CNYC copper news
9:00 AM ET 5/16/12 | PR Newswire
Canyon Copper Corp. ("Canyon" "Company") (TSX-V: CNC) (OTCBB: CNYC) is pleased to announce that it has commissioned a visit to the Moonlight and New York Canyon Properties both located on the famous Walker Lane mineral belt. A team of Canyon's senior geologists with an independent consultant will be looking in some detail at the properties with particular emphasis on the potential to expand the copper oxide potential of the Longshot Ridge and Moonlight systems. It allows an opportunity to review the immediate exploration plans for each property. The independent consultant visit is important for the continuing development of the Moonlight project as it is planned to update the earlier NI 43-101 report completed for Sheffield Resources Limited in 2006.
Upcoming programs for Canyon Copper:
Canyon is focusing on the copper oxide deposits at the start of the exploration and development of both the New York Canyon and the Moonlight Copper properties for the following reasons:
Both have the potential to be brought into production in a shorter time frame than the much larger operational size that is represented by the sulphide bodies associated with the oxide bodies.
The capital and operating expense for a copper leach operation would be expected to be much less than that of a larger sulphide recovery plant. This could allow senior financing of the project with a combination of an off-take agreement to buy premium grade copper cathodes, contracted bank loans and equity financing.
The oxide deposits can produce high quality cathode copper that is typically sold promptly at a premium to the traditional refined metal prices for copper.
Sulphide concentrates are sold to a smelter and are subject to variable treatment and refining charges (TC/RC), currently at about $80/tonne of 90% of the contained copper in the concentrate, and higher freight costs since the sulphide concentrate generally has less than 30% by weight of copper metal in it. This results in additional freight costs for the 70% waste and moisture in the copper sulphide concentrate. Payment may take months to complete through times of varying metal prices and foreign exchange rates.
Proposed Drill Program on Moonlight Property
Canyon has announced that it has started permitting for a shallow reverse circulation drill program at the Moonlight copper oxide deposit in order to establish a resource estimate of the oxide mineralization. The drill program is planned for early summer 2012 and will be greatly facilitated by the network of new logging roads in the area. In support of this work, the old drill core, in storage in nearby Crescent Mills, will be re-logged to confirm the limits of the oxide mineralization and the bornite chalcocite sulphide mineralization.
As previously disclosed, the Moonlight copper oxide deposit represents a significant target for Canyon's exploration and in a 1972 internal report for American Exploration and Mining Company ("Amex"), a wholly owned subsidiary of Placer Dome, C. Gillette, a mining engineer employee of Amex, reported a historical oxide "resource" of 12.2 million tons of "ore" at an average grade of 0.54% Cu at a cutoff grade of 0.25% Cu, overlain by 10.8 million tons of "waste". This "waste" was so characterized because of a lack of assaying of the top 3 - 9.1 meters (10 - 30 feet) of the drill holes. Sheffield recovered more than 0.25% copper from virtually all the near surface material when drilling adjacent to holes where Amex had drilled and reported 6m (20 feet) of overburden. This suggests a target size for the oxide resource could be larger than the preliminary Amex estimate. The historical "ore" cited above is mentioned for historical purposes only and uses terminology not compliant with current reporting standards. The reliability of these historical estimates is unknown but considered relevant by Canyon as it represents a significant target for future exploration work by Canyon. The qualified person has not made any attempt to re-classify the estimates accordingly to current NI 43-101 standards of disclosure or the CIM definitions. Canyon is not treating this estimate as current mineral resources or mineral reserves as defined in NI 43-101. Historical "ores" are not equivalent to mineral reserves or resources as they are not supported by at least a feasibility study.
Proposed Drill Program on Longshot Ridge
In 2012, Canyon plans to drill test oxide mineralization that was identified to the north and northeast of the Longshot Ridge deposit. Two other areas of oxide copper occur in the north central part of the claims, the Buffington Springs and the Powerline Showings. These have yet to be assessed but have potential as additional sources of oxide copper. Historically, high grade oxide copper was hand mined from these two areas for direct shipment.
Qualified Person
Benjamin Ainsworth, P. Eng, BC, with Licence #8648 and the President of Canyon, is a Qualified Person as defined by NI 43-101 and has reviewed and approved the contents of this news release.
ESPI .11 revenue grew 136%
May 16, 2012 8:00:00 AM
2012 GlobeNewswire, Inc.
SCOTT, La., May 16, 2012 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTCBB:ESPI) (the "Company" or "ESP Resources"), an oil and gas services company, today announced the Company's unaudited financial results for the three months ended March 31, 2012.
Mr. David Dugas, President of ESP Resources, Inc., commented, "Benefiting from steady market demand and increased sales, specifically coming from our hydraulic fracturing customers, we saw exceptional growth in the first quarter of the year, up 136% as compared to the previous year ago quarter. In addition to more than doubling our sales volume, we boosted margins as a result of a decrease in costs as compared to the year ago period; however, due to our increases in sales of completion petrochemicals and services to customers in the hydraulic fracturing business, our margins fell 4% from December 31, 2011 levels."
Mr. Dugas continued, "Now in the second quarter of 2012, our team is focused on expansion, which will be seen in our revenue stream, domestic and international customer base, geographic location and our portfolio of services offered. We will be announcing new agreements in the international arena demonstrating our abilities in expanding our capabilities and services available to our current and future customers. We fully intend to pursue these opportunities and other lucrative revenue opportunities made available to us now and in the future."
Three Months Ended March 31, 2012
Revenues were $4,289,985, as compared to $1,815,156 for the three months ended March 31, 2011, an increase of $2,474,829, or 136%. The increase was mainly due to increased sales volume from petrochemical sales and services to customers engaged in the hydraulic fracturing of oil and gas wells as well as increased sales of production petrochemicals in the Southern Louisiana, South Texas, Southeastern Texas and Arkansas regions. The addition of field service technicians in the South Texas and Arkansas regions in previous quarters and their sales contacts resulted in a direct increase in sales volumes from these regions.
Gross profit was $2,063,462, or 48% of net sales, for the three months ended March 31, 2012, as compared to $787,165, or 43% of net sales, for the same period in 2011. The 5% increase in gross margin for the first quarter 2012 was the result of a decrease in costs as a percentage of sales for certain petrochemical components used to service customers engaged in the hydraulic fracturing of oil and gas wells, as compared to the same period in 2011.
Net loss decreased to $(395,380) for the three months ended March 31, 2012, as compared to a net loss of $(839,464) for the same period in 2011. The primary reason for the decrease in the net loss was due to a decrease, as a percentage of sales, of general and administrative expenses relating to the expansion of our sales from our existing facilities, stock compensation expense, the cost of additional infrastructure to support higher levels of sales in future periods and development of international operations.
Modified Earnings before interest, taxes, depreciation amortization and stock-based compensation ("Modified EBITDA") are a non-GAAP financial measure. Modified EBITDA for the three months ended March 31, 2012 was $233,776 compared to $(313,222) for the same period in 2011, an increase of $546,998.
As of March 31, 2012, the Company had total assets of $7,105,903, of which $4,274,565 was current assets, and total liabilities of $6,216,957, of which $5,018,926 was current liabilities.
For more information on the Company's performance in the three months ended March 31, 2012, please refer to the corresponding Form 10-Q as filed with the Securities and Exchange Commission.
BLQN contract with port of LA
Balqon Receives Contract from the Port of Los Angeles to Retrofit Electric Yard Tractors
Contract funding of $630,000 to retrofit existing yard tractors with Balqons Lithium Battery System
HARBOR CITY, Calif.--(BUSINESS WIRE)--Balqon Corporation (OTCBB: BLQN), a developer of electric vehicles, drive systems and lithium battery storage devices, has received a $630,000 contract from the Port of Los Angeles (POLA) to retrofit six electric powered yard tractors, converting battery packs from lead acid batteries to higher energy density lithium batteries to increase the daily range of the vehicles. For the past eight months, Balqon and POLA have been jointly testing two yard tractors fitted with Balqons next generation lithium battery system at a local intermodal facility.
This contract to upgrade six extended range yard tractors to POLAs demonstration fleet will allow us to showcase our current technologies to local marine terminals, warehouses and rail yards
This contract to upgrade six extended range yard tractors to POLAs demonstration fleet will allow us to showcase our current technologies to local marine terminals, warehouses and rail yards, said Mr. Balwinder Samra, CEO of Balqon Corporation. The past eight months of testing demonstrated that the vehicles retrofitted with lithium battery systems have an increased range of 12-14 hours on a single charge, and these results now need to be validated at other application settings such as marine terminals and rail yards. Being the only manufacturer of zero emissions yard tractors in the world, providing additional units to POLA provides us with the ability to introduce our technologies to a larger customer base in the San Pedro Basin region, he added.
In 2009, Balqon delivered 14 Nautilus XE20 electric yard tractors equipped with lead acid batteries to POLA under an agreement between Balqon and the City of Los Angeles. The limited range of the vehicles equipped with lower energy density lead acid batteries led to the development of an extended range lithium battery powered electric yard tractor, Model XR E20.
The Nautilus XR E20 is a longer-range version of the XE20 and features the latest in lithium battery technology, allowing customers to perform two shift operations before having to recharge. The Nautilus XR E20 also features an increased charge rate, allowing customers to charge during breaks and shift changes. The vehicle fully recharges in less than two and a half hours.
Since 2011, Balqon has shipped Nautilus XR E20s to its customers in automotive, defense and steel industries. In addition, last year Balqon released the European version of the Nautilus XR E20 that was developed in collaboration with Balqons European manufacturing partner, MOL Industries.
Over 2,000 yard tractors are in service at the San Pedro Bay and are the single largest cargo handling source of particulate matter, contributing 150 tons or 61% of particulate matter, and NOx emissions at the ports. In addition to zero emissions, the XR E20 also provides up to 74% lower operating costs than conventional diesel vehicles, making it an economic zero emissions solution for heavy-duty off-highway applications
RBCC joint venture
RBCC, Amarantus Move Forward with Joint Venture Discussions
NOKOMIS, Fla.--(BUSINESS WIRE)--Rainbow Biosciences, the biotechnology subsidiary of Rainbow Coral Corp. (OTCBB: RBCC), announced today that the company is currently discussing a potential joint venture with emerging biotech innovator Amarantus BioSciences (OTCBB: AMBS).
The market for Parkinsons treatments is forecast to grow substantially in the coming years
Amarantus owns the rights to a potential cure for Parkinsonsa promising therapeutic protein known as MANF that prevents a type of cell death called apoptosis. The company also owns the license to a groundbreaking diagnostic platform called NuroPro for Parkinsons that allows neurologists to accurately diagnose and track the progression of Parkinsons disease in patients. This groundbreaking test for could potentially be on market in certain regions as early as 2013.
The market for Parkinsons treatments is forecast to grow substantially in the coming years, said RBCC CEO Patrick Brown. Amarantus owns the rights to a couple of brand-new biotech products that could change the way the disease is treated forever. We think theyre a good fit for our corporate mission and we look forward to signing a definitive agreement soon.
RBCC executed a Letter Of Intent to advance Amarantus Parkinsons disease program last month. Under the terms of the LOI, the companies have agreed to a 60-day option period during which they will negotiate a possible deal for RBCC to provide funding and expertise toward the development and marketing of one or more of Amarantus projects.
For more information on Rainbow BioSciences, RBCCs biotechnology division, please visit www.rainbowbiosciences.com/investors.html.
Rainbow BioSciences will develop new medical and research technology innovations to compete alongside companies such as Cell Therapeutics, Inc. (NASDAQ: CTIC), Biogen Idec Inc. (NASDAQ: BIIB), Abbott Laboratories (NYSE: ABT) and Elan Corp. (NYSE: ELN).
SLTD solar goes before congress
Solar3D CEO Invited to Speak Before Congressional Subcommittee
Jim Nelson to discuss Solar3D and financing renewable energy development
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Solar3D, Inc. (OTCBB: SLTD) the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, today announced that Jim Nelson, the companys CEO, has been invited to testify before the House Committee on Oversight and Government Reform in a hearing that will be held on Wednesday, May 16.
This is a great opportunity to tell our story and to discuss what we think is important in government management of renewable energy development
The Committees interest is in learning more about the impact of the governments loan guarantee program, as contrasted with Solar3D's success in financing the development of its technology with private investment.
This is a great opportunity to tell our story and to discuss what we think is important in government management of renewable energy development, said Nelson.
Inspired by light management techniques used in fiber optic devices, the companys innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. Solar3Ds management believes that this breakthrough solar cell design can produce 200% the power output of current silicon solar cells.
The companys analysis indicates that a typical 17% efficient solar cell performs more like a 5% efficient cell when light is shining 20 degrees from the side, such as during the morning or evening hours. Due to an innovative wide-angle light collection feature, the company estimates that its Solar3D cell can maintain a high 25% efficiency for a longer period of time, over the course of a day and year. This translates into 200% more power than conventional solar cells and a system payback period that is approximately half the time of the current solar technologies.
DYNV .09 revenues up 1,439%
SCOTTSDALE, AZ -- (Marketwire) -- 05/15/12 -- Dynamic Ventures Corporation (OTCBB: DYNV) today announced its financial and operational results for the first quarter 2012.
Financial highlights for the quarter ended March 31, 2012 :
Revenue for the three month period ended March 31, 2012 was $4,266,248 compared to $277,111 for the same period in 2011 representing an increase of $3,989,137 or 1,439%
Gross profit for the three month period ended March 31, 2012 was $279,467 compared to $108,700 for the same period in 2011 representing an increase of $170,767 or 157%
Operational highlights for the quarter ended March 31, 2012 :
The Company broke ground on a new $30 Million , 80-acre development in Tioga, North Dakota
This new community is expected to have:
Phase I - several commercial sites
Phase II - 20+ Single Family Home sites/90 Townhomes
Phase III - 40+ Single Family Home sites/commercial site
The Company broke ground on a new development in Stanley, North Dakota called Stanley Pasture (Valley View).
The proposed community is expected to have:
Open space area
Wetlands preserve area
Commercial sites
Single Family Residential
Multi-Family Residential
Mr. Kalkbrenner , CEO of Dynamic Ventures , stated, "As evidenced by our increase in revenues quarter over quarter, we believe we are in the right place at the right time. We will continue to devote our efforts to growing organically in North Dakota where the oil boom is bringing an unprecedented economic growth and a population surge to the area. We look forward to keeping shareholders updated as we continue to execute on our business plan."
About The Company Dynamic Ventures Corporation develops and markets efficient construction solutions for residential and commercial buildings. The company offers a turnkey solution enabling the firm to custom design, manufacture and install complete LEED certified structures.
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include statements regarding the proposed new communities, our ability to grow our operations in North Dakota and the impact of such communities and growth on our operations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including the incurrence of unanticipated expenses, inclement weather conditions, unavailability of market opportunities or our inability to execute upon such opportunities, economic and operational risks, changes in anticipated earnings, and other factors detailed in the Company's filings with the Securities and Exchange Commission , including its Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K. The forward-looking statements provided above refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public. For information on Dynamic Ventures Corp. , visit www.dynvcorp.com or Bundled Builder Solutions Inc. , visit www.bbsiaz.com.
Plains Creek ( PCP.V ) announces a change to the board
VANCOUVER, May 15, 2012 /CNW/ - Plains Creek Phosphate Corporation ("Plains Creek", the "Company") (TSX‐V: PCP) announces the resignation of Mr. John Reynolds from the Board of Directors of the Company. As the Company has recently increased the size of the board with the addition of Mr. Kirill Zimin, Mr. Reynolds tendered his resignation to limit the number of his directorships and enable him to focus more on his other endeavors.
The Board wishes to thank Mr. Reynolds for his contributions to the development and success of the Company and wish him well in all his future ventures.
NI 43‐101 Compliant Technical Report:
The Company's current technical report (the "Technical Report") for its Farim Phosphate Project prepared in accordance with National Instrument 43‐101 ("NI 43‐101") is entitled, "Technical Report on the Preliminary Economic Assessment of the Farim Phosphate Project, Guinea‐Bissau" dated effective February 10, 2010, and was filed under the on February 22, 2011. The Technical Report was prepared for the Company by John S. Warwick, B.Sc. (Hons) PIMMM, C.Eng., Eur.Ing. (Mining) of IMC Group Consulting Limited; Andre Lambert, B.Sc., MIMMM, EurGeol of IMC Group Consulting Limited; Alex Mitchell, MIMMM, C.Eng. of GBM Minerals Engineering Consultants Limited; and Michael Short, FIMMM, C.Eng. of GBM Minerals Engineering Consultants Limited, all of whom are independent Qualified Persons as defined under NI 43‐101.
About Plains Creek Phosphate Corporation:
Plains Creek Phosphate Corporation is a Canadian mining and exploration company focused on advancing iarim Phosphate Project located in Guinea‐Bissau, West Africa. The Project consists of a high‐quality development phosphate deposit containing a NI 43‐101 compliant measured phosphate resource of 69 million tonnes ("Mt") grading 29.9% P2O5, an indicated resource of 15 Mt grading 30.1% P2O5, and an inferred resource of 44 Mt grading 29.6% P2O5. The Project has a 25 year mining plan of 68 Mt phosphate grading 29.9% P2O5, as disclosed in the Company's NI 43‐101 compliant Technical Report. The Company's shares are listed on the TSX Venture Exchange under the trading symbol "PCP". For ON BEHALF OF THE BOARD
(signed) "Carson Phillips"
Carson Phillips
Vice‐President, Corporate Development and Director
BLFS .12 record revenue continues
Gross Margin Increase; Facility Expansion Underway to Support New Manufacturing Agreement; Guidance of 50% Annual Revenue Growth
May 14, 2012 5:00:00 AM
BOTHELL, Wash., May 14, 2012 /PRNewswire/ -- BioLife Solutions, Inc. (OTCBB: BLFS), a leading developer, manufacturer and marketer of proprietary clinical grade hypothermic storage and cryopreservation freeze media for cells and tissues, and contract aseptic media manufacturer, today announced record revenue for the first quarter of 2012.
(Logo: http://photos.prnewswire.com/prnh/20090814/BIOLIFELOGO)
Summary of Q1 2012 Achievements
Revenue and BioLife's customer base continued to grow with shipments of the core products, CryoStor®, HypoThermosol®, and BloodStor® to customers in the Company's key market segments of biobanking, drug discovery and regenerative medicine. Revenue to direct customers increased 84% compared to the first quarter of 2011 and 15% sequentially over the fourth quarter of 2011.
Gross margin increased to a record level of 59% of revenue in the first quarter, due to improved utilization of BioLife's manufacturing facility.
The Company executed an amendment to its current commercial lease to double the square footage of its existing facilities. The additional space will be dedicated to the build-out of an additional GMP manufacturing clean room suite to support increasing demand for the Company's biopreservation media products and also to fulfill the production obligations of a high value multi-year contract manufacturing agreement that was executed in late 2011.
Mike Rice, Chief Executive Officer, commented on the Company's continued revenue growth by stating, "We had another solid quarter with a number of significant orders from regenerative medicine customers, whose demand for our products should increase as their clinical trials progress, and as they incorporate our biopreservation media products into the manufacturing, storage, freezing, shipping, and patient infusion processes for additional cell- and tissue-based clinical products and therapies."
First Quarter Financial Results
Total revenue for the first quarter of 2012 was $835,880, compared to $610,799 in the same period of 2011. The increase of 37% from 2011 to 2012 was due primarily to higher sales to customers in the drug discovery and regenerative medicine market segments, which were both up significantly over 2011. Sales to direct customers in the first quarter of 2012 increased 84% compared to the first quarter of 2011.
Gross margin in the first quarter was a record high of 59% due mainly to improved utilization of the Company's manufacturing facility.
Total operating expenses in the first quarter of 2012 were $669,015, compared to $696,476 in the first quarter of 2011. The primary driver for the increase in expenses was due to higher personnel costs in 2012, offset somewhat by a reduction in consulting expenses due to the termination of a consulting agreement in the third quarter of 2011.
Other income/expense is primarily related to interest expense on the Company's notes payable. In the first quarter of 2012, the Company also recorded $87,215 in other income related to a non-reciprocal, non-monetary receipt of raw materials.
For the first quarter of 2012, the Company reported a net loss of $296,877, or $(0.00) per share, compared with a net loss of $630,122, or $(0.01) per share, for the first quarter of 2011. Loss from operations in the first quarter of 2012 was $179,264, which was 61% lower when compared to the $454,277 loss from operations in the first quarter of 2011.
Outlook for 2012
Management expects revenue to continue to increase to approximately $4.1 million in 2012. The Company also expects sales to its contract manufacturing customers to increase significantly with the commencement of deliveries to the previously announced new customer. The Company also expects steady increases in revenue shipments to existing and new direct customers, specifically in the regenerative medicine market segment, as customers continue to move their cell- and tissue-based therapies and products through the clinical trial and regulatory approval processes.
The Company expects slightly lower gross margins as a percentage of revenue in 2012, as a result of increased contract manufacturing, in addition to increased operating expenses associated with selling and product development activity.
Finally, management believes the Company will achieve positive cash flow from operations in 2012 and that cash generated from customer collections will provide sufficient funds to operate the business.
About BioLife Solutions
BioLife Solutions develops, manufactures and markets patented hypothermic storage and cryopreservation solutions for cells and tissues. The Company's proprietary HypoThermosol® and CryoStor® platform of solutions are marketed to academic and commercial organizations involved in cell therapy, tissue engineering, cord blood banking, drug discovery, and toxicology testing. BioLife's products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced, delayed-onset cell damage and death. BioLife's enabling technology provides academic and clinical researchers significant improvements in post-thaw cell, tissue, and organ viability and function. For more information please visit www.biolifesolutions.com, and follow BioLife on Twitter.
This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include any statements that relate to the intent, belief, plans or expectations of the Company or its management, or that are not a statement of historical fact. Any forward-looking statements in this news release are based on current expectations and beliefs and are subject to numerous risks and uncertainties that could cause actual results to differ materially. Some of the specific factors that could cause BioLife Solutions' actual results to differ materially are discussed in the Company's recent filings with the Securities and Exchange Commission. BioLife Solutions disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
Media Relations:
Investor Relations:
Len Hall
Matt Clawson
UYMG .003 acquisition
8:31 AM ET 5/15/12
Unity Management Group, Inc. (PINKSHEETS: UYMG), a growing health resource company, today announced the acquisition of Texas-based On Track Technology Inc. in a transaction that expands the company's geographic coverage and diversifies its revenue stream. On Track Technology Inc. initiates, operates, and develops Enhanced Oil Recovery (EOR) opportunities within qualifying oil reservoirs in the United States using its Enhanced Oil Recovery method and technique.
Throughout the United States there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and On Track Technology Inc.'s proven patented technology. Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma. Terms of the acquisition were not disclosed per a confidentiality agreement with On Track Technology founders.
The transaction marks Unity Management Group's second strategic acquisition in 2012 and its third since October 2011. In October 2011 Unity Management Group acquired Metropolitan Computing Corp. (or MCC) as a wholly owned subsidiary. In February 2012, MCC agreed to acquire Donald A. Myers Machining and Manufacturing Service.
"The acquisition of On Track Technology will add diversification and growth to our portfolio of companies," said Unity Management Group President, Michael Oliver. "We are very optimistic on the outlook for the oil market in coming years. The fact that three of the top four Fortune 500 companies are oil companies for the second straight year provides a glowing outlook for the industry."
On Track Technology will maintain its existing corporate offices in Eustace, Texas.
RVPL parters with Bradley Morris
RVPL Enters Partnership with Bradley Morris to Hire Military Veterans for ECCO2 Projects
AUSTIN, Texas--(BUSINESS WIRE)--RV Plus, Inc. (RVPL.OB), a company who recently acquired Americas Green Machine, ECCO2, less than two weeks ago has entered a cooperation with Bradley Morris, Inc., a recruiting agency that enables individuals who are military veterans to find jobs. The two parties will work together to create thousands of job opportunities for US Military veterans seeking employment.
Cary Lee Peterson, RV Plus new CEO-Chairman and ECCO2 founder, comments, The cooperation with Bradley Morris is something that will benefit the men and women who have served our country and deserve our support while returning from military assignments. I hold a great amount of respect and devotion toward these individuals and anticipate that ECCO2s positive energy and motives can make a difference to enable our military veterans to find sufficient work to support their families.
The partnership between both parties is a starting point for ECCO2 projects that will be expanding into over 60 countries over the next two years, thus would require thousands of workers in various fields to meet fulfillment goals for ECCO2, its subsidiaries, and affiliated partners.
HYSR breakthrough producing renewable Hydrogen
HyperSolars Breakthrough Technology Can Use Any Source of Water and Sunlight to Produce Renewable Hydrogen
Companys ability to use any source of natural water or wastewater overcomes commercial limitations of existing electrolysis technologies that require clean water
SANTA BARBARA, Calif.--(BUSINESS WIRE)--HyperSolar, Inc. (OTCBB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using water and sunlight, today announced that recent development breakthroughs will allow its technology to use most any source of water for the production of renewable and carbon-free hydrogen fuel. By eliminating the need for clean water, the company is able to reduce the cost of renewable hydrogen.
Recently, we successfully developed an inexpensive coating for our water-splitting nanoparticles that protects the particles from photocorrosion and common water impurities. Additional laboratory tests and technical development reveal that this coating can also protect the nanoparticles when submerged directly in harsh water conditions such as lake water, wastewater, and seawater.
Conventional electrolysis of water uses electrical voltage to split water molecules into hydrogen and oxygen. Theoretically, this technology can be used to produce clean and renewable hydrogen fuel to power a carbon-free world. However, in practice, current commercial electrolysis technologies require the use of highly purified water to prevent fouling of system components.. The required added steps to purify water is among the major barriers to reducing the cost required for mass adoption of water-splitting technology for hydrogen production.
HyperSolars nanotechnology approach is designed from the ground up to optimize solar electrolysis of water at the nanolevel to achieve high efficiency and low cost. Tim Young, CEO of HyperSolar, commented, Recently, we successfully developed an inexpensive coating for our water-splitting nanoparticles that protects the particles from photocorrosion and common water impurities. Additional laboratory tests and technical development reveal that this coating can also protect the nanoparticles when submerged directly in harsh water conditions such as lake water, wastewater, and seawater.
Young continued, The implications of our technology may be world changing. If we can successfully complete the development of a low-cost, highly efficient solar-powered water-splitting nanoparticle, we can use readily available seawater, runoff water, river water, or wastewater to produce large quantities of hydrogen fuel to power the world. When the hydrogen fuel is used in fuel cells or combustion, clean water (pure H2O) returns back to the Earth. HyperSolar is making steady technical progress to enable this vision.
HyperSolar recently entered into a yearlong sponsored research agreement with the University of California, Santa Barbara to help accelerate the development process and assure that the key milestones are reached.

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